Announcement

MKTUPDTE: USV: USV NTA 10-01-2019 $2.97111 09:16a.m. 
USV  
11/01/2019 09:16  
MKTUPDTE  
NOT PRICE SENSITIVE  
REL: 0916 HRS US Large Value Fund (NS)  
 
MKTUPDTE: USV: USV NTA 10-01-2019 $2.97111  
 
Friday, 11 January 2019  
 
USV NTA & Allotment Notice  
 
Smartshares Limited would like to report details of the Units on Issue for  
the US Large Value Fund (USV) as at 10 January 2019  
 
Units on Issue: 19,967,500  
Units Allotted/(Redeemed): -  
 
Net Tangible Assets (NTA): $2.97111  
Tracking Difference 0.43%  
 
The objective of the US Large Value Fund (USV) is to invest in Vanguard's  
Value ETF (VTV), which aims to track the CRSP US Large Cap Value Index. The  
CRSP US Large Cap Value Index includes U.S. companies that comprise the top  
85% of investable market capitalization that are considered Value securities  
 
Code Security description  
VTV CRSP US Large Cap Value 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 15,000 unit holders  
and more than NZD $2.4 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:00329356 For:USV Type:MKTUPDTE Time:2019-01-11 09:16:09