Smart US 500 ETF — Net Asset Value 2025

Sep 18, 2025

Level 15, 45 Queen Street, PO Box 105262, Auckland, New Zealand contactus@smartinvest.co.nz

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Thursday, 18 September 2025

NTA & Allotment Notice

Smartshares Ltd would like to report the Net Tangible Assets (NTA) and Units on Issue for each ETF in the Smart Exchange Traded Funds as at 17 September 2025.

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----- Start of picture text ----- NZX Code Fund Name NTA Units on Issue Change in UnitsAGG Smart Global Aggregate Bond ETF 1.21752 173,916,268 50,000APA Smart Asia Pacific ETF 2.94632 25,785,726 -ASD Smart Australian Dividend ETF 2.13304 21,054,541 -ASF Smart Australian Financials ETF 12.22130 4,940,468 -ASP Smart Australian Property ETF 1.63694 25,172,531 -ASR Smart Australian Resources ETF 6.36864 11,032,633 -AUE Smart Australian ESG ETF 3.33584 30,465,228 -AUS Smart Australian Top 200 ETF 3.91261 61,812,708 -BOT Smart Automation and Robotics ETF 5.80512 11,115,891 20,000BTC Smart Bitcoin ETF 4.29439 9,355,123 20,000DIV Smart NZ Dividend ETF 1.25734 70,407,211 -EMF Smart Emerging Markets ETF 1.78923 114,259,155 200,000EMG Smart Emerging Markets ESG ETF 3.09014 36,152,676 -ESG Smart Global ESG ETF 4.33749 69,385,216 -EUF Smart Europe ETF 2.66561 46,176,036 15,000EUG Smart Europe ESG ETF 4.09726 4,347,921 -FNZ Smart NZ Top 50 ETF 3.17403 198,040,182 -GBF Smart Global Bond ETF 3.17602 45,629,618 (30,000)GGB Smart Global Government Bond ETF 2.52850 226,772,200 30,000GLD Smart Gold ETF 3.32793 5,974,286 -GPR Smart Global Property ETF 2.75535 22,241,307 -INF Smart Global Infrastructure ETF 2.94245 21,277,059 -JPN Smart Japan ESG ETF 3.03028 3,799,840 -LIV Smart Healthcare Innovation ETF 3.03655 7,114,680 (30,000)MDZ Smart NZ Mid Cap ETF 6.09736 23,540,674 -MZY Smart Australian Mid Cap ETF 12.34709 22,157,274 75,000NGB Smart S&P/NZX NZ Government Bond ETF 2.24892 10,516,727 -NPF Smart NZ Property ETF 1.21282 86,511,748 -NZB Smart NZ Bond ETF 3.04267 17,999,077 20,000NZC Smart NZ Cash ETF 2.98807 83,473,712 20,000NZG Smart S&P/NZX 50 ETF 2.58660 77,751,142 -NZT Smart S&P/NZX 20 ETF 2.50574 2,281,742 -OZY Smart Australian Top 20 ETF 5.45185 34,731,267 -TNZ Smart NZ Top 10 ETF 1.99036 56,881,573 -TWF Smart Total World ETF 4.46332 50,019,208 35,000TWH Smart Total World (NZD Hedged) ETF 4.31296 104,624,889 80,000USA Smart US ESG ETF 5.17468 7,591,766 -USF Smart US 500 ETF 19.45345 47,141,994 15,000USG Smart US Large Growth ETF 14.64242 38,023,866 -USH Smart US 500 (NZD Hedged) ETF 3.69053 59,850,000 50,000USM Smart US Mid Cap ETF 9.24119 5,602,745 -USS Smart US Small Cap ETF 8.10751 4,793,711 (25,000)UST Smart US Technology (NZD Hedged) ETF 2.96270 6,344,091 60,000USV Smart US Large Value ETF 6.00485 8,488,176 30,000----- End of picture text -----

Nature of Notice and Reliance on Waiver

This notice is given by Smartshares Limited (Smart) under Listing Rule 3.13.1 and relates to the continuous issue of ordinary units by Smart in each of the exchange traded funds (each an ETF) established under the Smart Exchange Traded Funds managed investment scheme (Scheme) and listed on the Main Board.

This notice is given in reliance on a waiver from NZX Listing Rule 3.13.1 granted by Special Division on 23 May 2024 that allows Smart, subject to certain conditions, to release details of the issue of ordinary units in the ETFs through MAP other than in the prescribed form. This notice is to be read in conjunction with Smart’s master capital change notice which includes all the information required under NZX Listing Rule 3.13.1 and not currently covered in this notice.

About Smart

Established in 1996, Smartshares Limited (trading as “Smart”) is a wholly owned subsidiary of NZX Limited with more than $12 billion in funds under management, serving a wide range of investors, including individual investors, financial adviser customers, businesses, iwi and Pacific nation groups. Smart’s new brand is based on the belief ‘the wise invest Smart’, and that the wisest way to build wealth is to invest in market-tracking products over time. Through Smart ETFs, Kiwis can diversify their portfolios across over 40 ETFs providing access to global, high-performing and special interest markets. Smart is the manager and issuer of the Smart Exchange Traded Funds. The product disclosure statements are available at www.smartinvest.co.nz.

For further information please contact: Smartshares Limited 0800 80 87 80 contactus@smartinvest.co.nz