Smart US 500 ETF — Net Asset Value 2025

Dec 16, 2025

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

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Wednesday, 17 December 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 16 December 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 1.21492 95,866,268 50,000APA Smart Asia Pacific ETF 3.11547 28,420,726 50,000ASD Smart Australian Dividend ETF 2.06176 22,304,541 -ASF Smart Australian Financials ETF 12.05488 5,240,468 -ASP Smart Australian Property ETF 1.60381 25,422,531 -ASR Smart Australian Resources ETF 7.29987 11,482,633 75,000AUE Smart Australian ESG ETF 3.34827 3,165,228 (400,000)AUS Smart Australian Top 200 ETF 3.88692 70,012,708 400,000BOT Smart Automation and Robotics ETF 6.28213 11,045,891 -BTC Smart Bitcoin ETF 3.23248 11,545,123 -DIV Smart NZ Dividend ETF 1.26585 73,657,211 -EMF Smart Emerging Markets ETF 1.82173 120,709,155 -EMG Smart Emerging Markets ESG ETF 3.27151 6,952,676 (80,000)ESG Smart Global ESG ETF 4.64038 68,050,216 -EUF Smart Europe ETF 2.84123 48,751,036 75,000EUG Smart Europe ESG ETF 4.41867 4,832,921 -FNZ Smart NZ Top 50 ETF 3.19917 193,840,182 -GBF Smart Global Bond ETF 3.15805 46,169,618 (150,000)GGB Smart Global Government Bond ETF 2.50669 1,345,554 (50,000)GLD Smart Gold ETF 3.98261 10,029,286 -GPR Smart Global Property ETF 2.67405 1,301,307 (100,000)INF Smart Global Infrastructure ETF 2.95885 1,262,059 (50,000)JPN Smart Japan ESG ETF 3.24067 4,349,840 -LIV Smart Healthcare Innovation ETF 3.48023 7,009,680 -MDZ Smart NZ Mid Cap ETF 6.16877 23,340,674 -MZY Smart Australian Mid Cap ETF 12.55219 23,582,274 -NGB Smart S&P/NZX NZ Government Bond ETF 2.22956 7,316,727 -NPF Smart NZ Property ETF 1.14520 88,261,748 -NZB Smart NZ Bond ETF 3.02450 20,114,077 -NZC Smart NZ Cash ETF 2.99343 8,263,712 -NZG Smart S&P/NZX 50 ETF 2.59712 78,751,142 -NZT Smart S&P/NZX 20 ETF 2.49856 2,581,742 -OZY Smart Australian Top 20 ETF 5.40711 35,181,267 -TNZ Smart NZ Top 10 ETF 1.99230 54,631,573 -TWF Smart Total World ETF 4.70901 54,369,208 115,000TWH Smart Total World (NZD Hedged) ETF 4.42455 118,009,889 35,000USA Smart US ESG ETF 5.50734 7,786,766 -USF Smart US 500 ETF 20.60609 48,396,994 60,000USG Smart US Large Growth ETF 15.27869 38,103,866 -USH Smart US 500 (NZD Hedged) ETF 3.77832 64,370,000 (175,000)USM Smart US Mid Cap ETF 9.61869 5,457,745 -USS Smart US Small Cap ETF 8.51406 4,883,711 50,000UST Smart US Technology (NZD Hedged) ETF 3.04003 10,569,091 -USV Smart US Large Value ETF 6.45557 8,263,176 ------ 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