Smartshares Limited
Applicant
Smartshares Limited
This product ruling relates to the resettlement of the NZX Australian 20 Leaders Index Fund (the Existing Fund) onto the Australian Top 20 Fund (the New Fund) by redeeming units held by unitholders (Unitholders) in the Existing Fund, applying the redemption proceeds to acquire units in the New Fund on behalf of Unitholders, and transferring the assets of the Existing Fund to the New Fund.