Smart US ESG ETF — Net Asset Value 2025

Nov 25, 2025

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Wednesday, 26 November 2025

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

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 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 1.22360 168,866,268 -APA Smart Asia Pacific ETF 3.13531 27,730,726 120,000ASD Smart Australian Dividend ETF 2.11856 22,054,541 250,000ASF Smart Australian Financials ETF 11.92216 5,165,468 -ASP Smart Australian Property ETF 1.64607 25,297,531 -ASR Smart Australian Resources ETF 7.11258 11,107,633 -AUE Smart Australian ESG ETF 3.34275 23,965,228 -AUS Smart Australian Top 200 ETF 3.91436 65,412,708 400,000BOT Smart Automation and Robotics ETF 6.24786 11,035,891 -BTC Smart Bitcoin ETF 3.47796 10,985,123 25,000DIV Smart NZ Dividend ETF 1.30832 72,407,211 125,000EMF Smart Emerging Markets ETF 1.89095 119,479,155 130,000EMG Smart Emerging Markets ESG ETF 3.33017 30,022,676 -ESG Smart Global ESG ETF 4.69149 67,940,216 -EUF Smart Europe ETF 2.81119 47,616,036 50,000EUG Smart Europe ESG ETF 4.33819 4,682,921 -FNZ Smart NZ Top 50 ETF 3.25892 195,040,182 -GBF Smart Global Bond ETF 3.16842 46,254,618 50,000GGB Smart Global Government Bond ETF 2.53309 1,310,554 25,000GLD Smart Gold ETF 3.95864 9,669,286 -GPR Smart Global Property ETF 2.74389 19,151,307 -INF Smart Global Infrastructure ETF 3.03628 18,312,059 -JPN Smart Japan ESG ETF 3.22118 4,309,840 -LIV Smart Healthcare Innovation ETF 3.61455 7,024,680 -MDZ Smart NZ Mid Cap ETF 6.32600 23,340,674 -MZY Smart Australian Mid Cap ETF 12.88364 23,432,274 -NGB Smart S&P/NZX NZ Government Bond ETF 2.26966 11,116,727 -NPF Smart NZ Property ETF 1.19953 86,761,748 -NZB Smart NZ Bond ETF 3.06753 20,204,077 180,000NZC Smart NZ Cash ETF 3.00298 7,928,712 -NZG Smart S&P/NZX 50 ETF 2.63412 78,251,142 -NZT Smart S&P/NZX 20 ETF 2.53611 2,381,742 -OZY Smart Australian Top 20 ETF 5.38958 34,806,267 -TNZ Smart NZ Top 10 ETF 2.00505 54,881,573 -TWF Smart Total World ETF 4.77674 52,939,208 110,000TWH Smart Total World (NZD Hedged) ETF 4.36128 113,539,889 175,000USA Smart US ESG ETF 5.58551 7,806,766 -USF Smart US 500 ETF 21.01417 47,926,994 30,000USG Smart US Large Growth ETF 15.60727 38,013,866 45,000USH Smart US 500 (NZD Hedged) ETF 3.72988 62,870,000 (35,000)USM Smart US Mid Cap ETF 9.61486 5,522,745 (15,000)USS Smart US Small Cap ETF 8.45012 4,858,711 -UST Smart US Technology (NZD Hedged) ETF 3.02460 9,974,091 50,000USV Smart US Large Value ETF 6.44604 8,368,176 15,000----- 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