Smart US Small Cap ETF — Net Asset Value 2022

Apr 4, 2022

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

Monday, 4 April 2022

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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 April 2022.

NZX Code	Fund Name	NTA	Units on Issue	Change in Units
APA	Smartshares Asia Pacific ETF	2.13738	58,175,726	50,000
ASD	Smartshares Australian Dividend ETF	1.74739	18,804,541	-
ASF	Smartshares Australian Financials ETF	8.19940	3,340,468	-
ASP	Smartshares Australian Property ETF	1.64242	34,672,531	-
ASR	Smartshares Australian Resources ETF	6.87528	8,857,633	75,000
DIV	Smartshares NZ Dividend ETF	1.31659	69,782,211	125,000
EMF	Smartshares Emerging Markets ETF	1.33012	117,109,155	150,000
EUF	Smartshares Europe ETF	1.80312	100,521,036	(100,000)
FNZ	Smartshares NZ Top 50 ETF	3.28661	209,840,182	400,000
GBF	Smartshares Global Bond ETF	3.18924	66,634,618	60,000
MDZ	Smartshares NZ Mid Cap ETF	6.18004	30,840,674	-
MZY	Smartshares Australian Mid Cap ETF	9.79231	17,357,274	(75,000)
NPF	Smartshares NZ Property ETF	1.43153	105,386,748	-
NZB	Smartshares NZ Bond ETF	2.91615	97,541,618	80,000
NZC	Smartshares NZ Cash ETF	2.95861	136,433,712	(600,000)
OZY	Smartshares Australian Top 20 ETF	4.60383	37,731,267	(150,000)
TNZ	Smartshares NZ Top 10 ETF	1.95816	75,131,573	-
TWF	Smartshares Total World ETF	2.91064	82,162,555	(60,000)
USF	Smartshares US 500 ETF	11.84724	38,146,994	-
USG	Smartshares US Large Growth ETF	7.93963	25,753,866	-
USM	Smartshares US Mid Cap ETF	6.74483	13,502,745	-
USS	Smartshares US Small Cap ETF	6.00361	13,203,711	-
USV	Smartshares US Large Value ETF	4.24972	18,978,176	(20,000)
AGG	Smartshares Global Aggregate Bond ETF	1.23745	141,114,630	2,000,000
BOT	Smartshares Automation and Robotics ETF	4.11631	12,795,891	-
EMG	Smartshares Emerging Markets Equities ESG ETF	2.19095	16,932,676	-
ESG	Smartshares Global Equities ESG ETF	2.68552	53,210,216	60,000
EUG	Smartshares Europe Equities ESG ETF	2.60098	13,762,921	-
JPN	Smartshares Japan Equities ESG ETF	2.00148	12,009,840	-
LIV	Smartshares Healthcare Innovation ETF	2.86140	10,184,680	-
USA	Smartshares US Equities ESG ETF	3.05871	16,056,766	-
NZG	Smartshares S&P/NZX 50 ETF	2.57452	158,099,842	(1,500,000)
AUS	Smartshares S&P/ASX 200 ETF	3.23230	30,412,708	(600,000)
TWH	Smartshares Total World (NZD Hedged) ETF	3.22047	24,229,829	-
NGB	Smartshares S&P/NZX NZ Government Bond ETF	2.23943	96,101,427	1,200,000

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