Smart US Mid Cap ETF — Net Asset Value 2023

May 1, 2023

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

Tuesday, 2 May 2023

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NTA & Allotment Notice

Smartshares Ltd would like to report the Net Tangible Assets (NTA) and Units on Issue for each of the Smartshares exchange traded funds as at 1 May 2023.

NZX Code	Fund Name	NTA	Units on Issue	Change in Units
APA	Smartshares Asia Pacific ETF	2.20191	61,150,726	-
ASD	Smartshares Australian Dividend ETF	1.70273	20,929,541	-
ASF	Smartshares Australian Financials ETF	7.72675	3,190,468	-
ASP	Smartshares Australian Property ETF	1.35403	39,172,531	-
ASR	Smartshares Australian Resources ETF	6.50958	12,607,633	75,000
DIV	Smartshares NZ Dividend ETF	1.21749	70,407,211	-
EMF	Smartshares Emerging Markets ETF	1.30471	106,784,155	60,000
EUF	Smartshares Europe ETF	2.06559	103,291,036	-
FNZ	Smartshares NZ Top 50 ETF	3.07850	211,840,182	-
GBF	Smartshares Global Bond ETF	3.05398	87,799,618	(150,000)
MDZ	Smartshares NZ Mid Cap ETF	5.40085	29,940,674	-
MZY	Smartshares Australian Mid Cap ETF	9.35440	17,357,274	-
NPF	Smartshares NZ Property ETF	1.16508	125,886,748	250,000
NZB	Smartshares NZ Bond ETF	2.88764	135,927,077	(240,000)
NZC	Smartshares NZ Cash ETF	3.00130	129,268,712	785,000
OZY	Smartshares Australian Top 20 ETF	4.45332	38,631,267	-
TNZ	Smartshares NZ Top 10 ETF	2.02160	72,131,573	(250,000)
TWF	Smartshares Total World ETF	3.00031	91,439,208	200,000
USF	Smartshares US 500 ETF	12.17331	42,941,994	55,000
USG	Smartshares US Large Growth ETF	7.73880	27,738,866	-
USM	Smartshares US Mid Cap ETF	6.62374	13,752,745	(15,000)
USS	Smartshares US Small Cap ETF	5.91172	13,338,711	-
USV	Smartshares US Large Value ETF	4.52976	19,583,176	-
AGG	Smartshares Global Aggregate Bond ETF	1.15906	159,686,268	-
BOT	Smartshares Automation and Robotics ETF	4.04074	12,300,891	-
EMG	Smartshares Emerging Markets Equities ESG ETF	2.14959	16,712,676	-
ESG	Smartshares Global Equities ESG ETF	2.77085	59,700,216	-
EUG	Smartshares Europe Equities ESG ETF	3.02926	14,062,921	-
JPN	Smartshares Japan Equities ESG ETF	2.10223	11,989,840	-
LIV	Smartshares Healthcare Innovation ETF	2.82329	9,869,680	-
USA	Smartshares US Equities ESG ETF	3.06401	16,476,766	-
NZG	Smartshares S&P/NZX 50 ETF	2.50195	213,299,842	200,000
AUS	Smartshares S&P/ASX 200 ETF	3.12636	33,812,708	200,000
TWH	Smartshares Total World (NZD Hedged) ETF	3.01749	21,869,889	30,000
NGB	Smartshares S&P/NZX NZ Government Bond ETF	2.18366	103,901,427	400,000

About Smartshares

Smartshares is the pioneer of ETFs in New Zealand, launching the first ETF (TNZ - the NZ Top 10 Fund) in 1996. Smartshares is New Zealand’s only issuer of ETFs listed on the NZX Main Board, with in excess of 21,000 unit holders and more than NZD $5.3 billion of funds under management. The Special Division of the New Zealand Markets Disciplinary Tribunal regulates Smartshares in a similar way to NZX Regulation’s regulation of other listed issuers. Smartshares funds are listed on NZX so you can buy or sell them just like individual shares. The listed funds are designed to “track” (or, in some cases, outperform) an index. Each Smartshares ETF is designed to provide investors with similar returns to a direct investment in all the securities that make up the ETF. To learn more and obtain a copy of the Product Disclosure Statement, please visit: www.smartshares.co.nz

For further information please contact: Smartshares Limited 0800 80 87 80 smartshares@smartshares.co.nz