Announcement

MKTUPDTE: USM: USM NTA 11-02-2019 $4.55216 09:34a.m. 
USM  
12/02/2019 09:34  
MKTUPDTE  
NOT PRICE SENSITIVE  
REL: 0934 HRS US Mid Cap Fund (NS)  
 
MKTUPDTE: USM: USM NTA 11-02-2019 $4.55216  
 
Tuesday, 12 February 2019  
 
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 11 February 2019  
 
Units on Issue: 14,669,310  
Units Allotted/(Redeemed): -  
 
Net Tangible Assets (NTA): $4.55216  
Tracking Difference -0.36%  
 
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 15,000 unit holders  
and more than NZD $2.5 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:00330446 For:USM Type:MKTUPDTE Time:2019-02-12 09:34:32