Smart US 500 ETF — Net Asset Value 2025

Sep 24, 2025

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

==> picture [90 x 25] intentionally omitted <==

Thursday, 25 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 24 September 2025.

==> picture [352 x 397] intentionally omitted <==

----- Start of picture text ----- NZX Code Fund Name NTA Units on Issue Change in UnitsAGG Smart Global Aggregate Bond ETF 1.21467 173,966,268 -APA Smart Asia Pacific ETF 2.99015 26,000,726 30,000ASD Smart Australian Dividend ETF 2.12202 21,429,541 -ASF Smart Australian Financials ETF 12.13759 4,990,468 (50,000)ASP Smart Australian Property ETF 1.64019 25,297,531 -ASR Smart Australian Resources ETF 6.51840 10,957,633 -AUE Smart Australian ESG ETF 3.34945 30,465,228 -AUS Smart Australian Top 200 ETF 3.92685 61,912,708 -BOT Smart Automation and Robotics ETF 6.15784 11,115,891 -BTC Smart Bitcoin ETF 4.18628 9,475,123 40,000DIV Smart NZ Dividend ETF 1.26430 70,032,211 -EMF Smart Emerging Markets ETF 1.83092 115,204,155 345,000EMG Smart Emerging Markets ESG ETF 3.18745 36,177,676 25,000ESG Smart Global ESG ETF 4.44567 69,285,216 -EUF Smart Europe ETF 2.71699 46,066,036 85,000EUG Smart Europe ESG ETF 4.20087 4,417,921 -FNZ Smart NZ Top 50 ETF 3.15238 197,740,182 -GBF Smart Global Bond ETF 3.16706 45,674,618 -GGB Smart Global Government Bond ETF 2.52177 167,277,310 (59,471,890)GLD Smart Gold ETF 3.46391 6,234,286 80,000GPR Smart Global Property ETF 2.76185 22,241,307 -INF Smart Global Infrastructure ETF 2.96479 21,302,059 -JPN Smart Japan ESG ETF 3.09102 3,844,840 25,000LIV Smart Healthcare Innovation ETF 3.15206 7,114,680 -MDZ Smart NZ Mid Cap ETF 6.04840 23,540,674 -MZY Smart Australian Mid Cap ETF 12.62529 22,232,274 -NGB Smart S&P/NZX NZ Government Bond ETF 2.25772 10,516,727 -NPF Smart NZ Property ETF 1.20307 86,386,748 -NZB Smart NZ Bond ETF 3.05378 18,284,077 -NZC Smart NZ Cash ETF 2.98956 65,568,712 (265,000)NZG Smart S&P/NZX 50 ETF 2.57702 77,951,142 -NZT Smart S&P/NZX 20 ETF 2.49287 2,281,742 -OZY Smart Australian Top 20 ETF 5.41635 34,731,267 -TNZ Smart NZ Top 10 ETF 1.98750 56,631,573 -TWF Smart Total World ETF 4.57616 50,204,208 50,000TWH Smart Total World (NZD Hedged) ETF 4.34207 105,384,889 300,000USA Smart US ESG ETF 5.35772 7,621,766 -USF Smart US 500 ETF 20.00424 47,261,994 55,000USG Smart US Large Growth ETF 15.05161 38,168,866 65,000USH Smart US 500 (NZD Hedged) ETF 3.71920 59,790,000 35,000USM Smart US Mid Cap ETF 9.50038 5,622,745 -USS Smart US Small Cap ETF 8.33033 4,868,711 30,000UST Smart US Technology (NZD Hedged) ETF 3.05100 6,489,091 20,000USV Smart US Large Value ETF 6.18953 8,443,176 (25,000)----- 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