Smart US 500 ETF — Net Asset Value 2025

Sep 26, 2025

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

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Friday, 26 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 25 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 1.21475 166,466,268 (7,500,000)APA Smart Asia Pacific ETF 2.98822 26,000,726 -ASD Smart Australian Dividend ETF 2.13029 21,429,541 -ASF Smart Australian Financials ETF 12.16287 5,040,468 50,000ASP Smart Australian Property ETF 1.64363 25,297,531 -ASR Smart Australian Resources ETF 6.66808 10,957,633 -AUE Smart Australian ESG ETF 3.36890 30,465,228 -AUS Smart Australian Top 200 ETF 3.95054 62,012,708 100,000BOT Smart Automation and Robotics ETF 6.13030 11,135,891 20,000BTC Smart Bitcoin ETF 4.28344 9,495,123 20,000DIV Smart NZ Dividend ETF 1.26881 70,032,211 -EMF Smart Emerging Markets ETF 1.84064 115,339,155 135,000EMG Smart Emerging Markets ESG ETF 3.19602 36,177,676 -ESG Smart Global ESG ETF 4.47145 69,310,216 25,000EUF Smart Europe ETF 2.71856 46,101,036 35,000EUG Smart Europe ESG ETF 4.19950 4,417,921 -FNZ Smart NZ Top 50 ETF 3.15891 197,740,182 -GBF Smart Global Bond ETF 3.16240 45,674,618 -GGB Smart Global Government Bond ETF 2.52313 167,277,310 -GLD Smart Gold ETF 3.45667 6,374,286 140,000GPR Smart Global Property ETF 2.73267 22,241,307 -INF Smart Global Infrastructure ETF 2.98094 21,302,059 -JPN Smart Japan ESG ETF 3.10118 3,844,840 -LIV Smart Healthcare Innovation ETF 3.12150 7,074,680 (40,000)MDZ Smart NZ Mid Cap ETF 6.07157 23,540,674 -MZY Smart Australian Mid Cap ETF 12.68228 22,232,274 -NGB Smart S&P/NZX NZ Government Bond ETF 2.25643 10,516,727 -NPF Smart NZ Property ETF 1.20808 86,386,748 -NZB Smart NZ Bond ETF 3.05336 18,324,077 40,000NZC Smart NZ Cash ETF 2.98978 65,543,712 (25,000)NZG Smart S&P/NZX 50 ETF 2.57165 77,951,142 -NZT Smart S&P/NZX 20 ETF 2.49065 2,281,742 -OZY Smart Australian Top 20 ETF 5.47144 34,806,267 75,000TNZ Smart NZ Top 10 ETF 1.97729 56,631,573 -TWF Smart Total World ETF 4.58823 50,174,208 (30,000)TWH Smart Total World (NZD Hedged) ETF 4.32802 105,549,889 165,000USA Smart US ESG ETF 5.35966 7,621,766 -USF Smart US 500 ETF 20.08059 47,276,994 15,000USG Smart US Large Growth ETF 15.09406 38,193,866 25,000USH Smart US 500 (NZD Hedged) ETF 3.70715 59,965,000 175,000USM Smart US Mid Cap ETF 9.53220 5,622,745 -USS Smart US Small Cap ETF 8.32094 4,868,711 -UST Smart US Technology (NZD Hedged) ETF 3.01862 6,689,091 200,000USV Smart US Large Value ETF 6.22189 8,443,176 ------ 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