Inactive Instrument

Company Smartshares NZ Top 50 ETF

Equities

	1st Jan change	Capi.
SCOTTISH MORTGAGE INVESTMENT TRUST PLC	+4.21%	14.32B
F&C INVESTMENT TRUST PLC	+3.12%	6.21B
POLAR CAPITAL TECHNOLOGY TRUST PLC	+12.75%	4.4B
ALLIANCE TRUST PLC	+11.06%	4.36B
GREENCOAT UK WIND PLC	-6.34%	4B
RIT CAPITAL PARTNERS PLC	+4.41%	3.51B
JPMORGAN GLOBAL GROWTH & INCOME PLC	+8.93%	3.22B
THE MONKS INVESTMENT TRUST PLC	+7.54%	3.06B
SMITHSON INVESTMENT TRUST PLC	-2.43%	2.77B