USM NTA 01-09-2017 $4.01599

Monday, 4 September 2017 USM NTA & Allotment Notice Smartshares Limited would like to report details of the Units on Issue for the US Mid Cap Fund (USM) as at 1 September 2017 Units on Issue: 7,259,500 Units Allotted/(Redeemed): - Net Tangible Assets (NTA): $4.01599 Tracking Difference -0.28% The objective of the US Mid Cap Fund (USM) is to invest in Vanguard's Mid Cap ETF (VO), which aims to track the CRSP US Mid Cap Index. The CRSP US Mid Cap Index seeks to invest in U.S. companies that fall between the top 70-85% of investable market capitalization. Code Security description VO CRSP US Mid Cap Index 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 10,000 unit holders and more than NZD $1.6 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 End CA:00306643 For:EUF Type:MKTUPDTE Time:2017-09-04 08:38:28