Smart US 500 ETF — Net Asset Value 2025

Nov 26, 2025

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

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Thursday, 27 November 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 26 November 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 1.22516 168,916,268 50,000APA Smart Asia Pacific ETF 3.15138 27,855,726 125,000ASD Smart Australian Dividend ETF 2.12291 22,054,541 -ASF Smart Australian Financials ETF 11.95141 5,165,468 -ASP Smart Australian Property ETF 1.65696 25,297,531 -ASR Smart Australian Resources ETF 7.22220 11,107,633 -AUE Smart Australian ESG ETF - - -AUS Smart Australian Top 200 ETF 3.94092 65,712,708 300,000BOT Smart Automation and Robotics ETF 6.26384 11,035,891 -BTC Smart Bitcoin ETF 3.40960 11,070,123 85,000DIV Smart NZ Dividend ETF 1.30934 72,407,211 -EMF Smart Emerging Markets ETF 1.89999 119,574,155 95,000EMG Smart Emerging Markets ESG ETF 3.33100 30,047,676 25,000ESG Smart Global ESG ETF 4.71065 67,940,216 -EUF Smart Europe ETF 2.86015 47,641,036 25,000EUG Smart Europe ESG ETF 4.39485 4,702,921 20,000FNZ Smart NZ Top 50 ETF 3.26454 195,040,182 -GBF Smart Global Bond ETF 3.17460 46,254,618 -GGB Smart Global Government Bond ETF 2.53540 1,330,554 20,000GLD Smart Gold ETF 3.95936 9,689,286 20,000GPR Smart Global Property ETF - - -INF Smart Global Infrastructure ETF - - -JPN Smart Japan ESG ETF 3.22318 4,289,840 (20,000)LIV Smart Healthcare Innovation ETF 3.64870 6,964,680 (60,000)MDZ Smart NZ Mid Cap ETF 6.32813 23,240,674 (100,000)MZY Smart Australian Mid Cap ETF 12.98253 23,432,274 -NGB Smart S&P/NZX NZ Government Bond ETF 2.26334 11,116,727 -NPF Smart NZ Property ETF 1.19554 86,761,748 -NZB Smart NZ Bond ETF 3.06019 20,174,077 (30,000)NZC Smart NZ Cash ETF 3.00305 7,778,712 (150,000)NZG Smart S&P/NZX 50 ETF 2.64990 78,251,142 -NZT Smart S&P/NZX 20 ETF 2.54875 2,381,742 -OZY Smart Australian Top 20 ETF 5.42393 34,806,267 -TNZ Smart NZ Top 10 ETF 2.02308 54,881,573 -TWF Smart Total World ETF 4.82259 52,964,208 25,000TWH Smart Total World (NZD Hedged) ETF 4.39920 114,009,889 470,000USA Smart US ESG ETF 5.61217 7,806,766 -USF Smart US 500 ETF 21.21613 47,926,994 -USG Smart US Large Growth ETF 15.89346 38,033,866 20,000USH Smart US 500 (NZD Hedged) ETF 3.76498 63,020,000 150,000USM Smart US Mid Cap ETF 9.78590 5,507,745 (15,000)USS Smart US Small Cap ETF 8.64697 4,858,711 -UST Smart US Technology (NZD Hedged) ETF 3.00096 9,974,091 -USV Smart US Large Value ETF 6.54261 8,333,176 (35,000)----- 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