Net Asset Value(s)

As of 15 December 2025 Alpha UCITS–Fair Oaks AAA CLO Fund (a sub‑fund of Alpha UCITS SICAV) reports total net assets of EUR 127,939,748.73. Two share classes are listed: UCITS ETF GBP Hedged Acc. (ISIN LU2825557270) with NAV GBP 10.4634 and 101,822 shares outstanding; and UCITS ETF EUR Dist. (ISIN LU2785470191) with NAV EUR 1,013.35 and 26,927 shares outstanding. The data reflect a senior‑tranche CLO vehicle offered in a hedged GBP accumulation and an EUR distribution ETF structure.

Analysis

Alpha UCITS–Fair Oaks AAA CLO Fund (sub-fund of Alpha UCITS SICAV) reports total net assets of EUR 127,939,748.73 as of 15/12/2025, with two listed share classes: UCITS ETF GBP Hedged Acc. (ISIN LU2825557270) at NAV GBP 10.4634 with 101,822 shares outstanding, and UCITS ETF EUR Dist. (ISIN LU2785470191) at NAV EUR 1,013.35 with 26,927 shares outstanding. The line items confirm the vehicle is a senior-tranche (AAA) CLO product offered in a GBP-hedged accumulation format and an EUR distribution format.

The AAA designation signals senior-tranche exposure within a CLO capital structure, which implies lower credit loss risk versus subordinate tranches but retains CLO-specific structural and market drivers. The presence of a GBP-hedged share class and an EUR-distributing class highlights active currency management and differing cashflow profiles for investors preferring accumulation versus income.

Market signals show neutral sentiment and a low market impact score (0.05), indicating this fund size and structure are unlikely to move broader markets but may present idiosyncratic liquidity or NAV volatility tied to CLO spread movements. Investors should therefore focus on fund-level liquidity (shares outstanding and secondary spreads), ongoing NAV updates, and CLO market conditions as primary risk drivers.

Key Decisions for Investors

• Select the share class that matches currency exposure and payout preference: use the GBP Hedged Acc. if you want GBP-hedged accumulation and the EUR Dist. if you require euro-denominated distributions
• Size positions conservatively given modest AUM of EUR 127.94m and relatively low shares outstanding in the EUR class; monitor ETF secondary-market liquidity and bid-offer spreads before scaling exposure
• Monitor CLO-specific signals — AAA tranche spreads, NAV updates and credit-market volatility — as primary drivers of performance; neutral market sentiment suggests no immediate systemic risk but watch for spread widening that could pressure NAV