Net Asset Value(s)

The table reports BetaPlus Enhanced Global Developed Sustain Eq ETF share-class data valued 12/10/2026. Both listings show 143,000,000 units outstanding and shareholder equity of 1,860,193,930.65; NAV per share is 9.8403 GBP for BPDG and 13.0083 USD for BPDU.

Analysis

This is a fund-level NAV disclosure, not evidence of a change in portfolio value or underlying holdings. The two entries appear to describe currency-denominated share classes, but the reported equity figure matches the USD NAV multiplied by units outstanding—not the GBP NAV multiplied by units. That may reflect a reporting-currency convention rather than an economic mismatch; verify the base currency, FX translation and class-level accounting before treating it as a valuation or solvency signal.

The valuation date, “12/10/2026,” is also ambiguous: it could mean 12 October, consistent with the current date, or 10 December, which would be future-dated. Until the administrator clarifies both points, this is primarily a data-quality and operational watch item. There is no basis here to infer holdings, performance, flows, liquidity or a directional equity-market view. Immediate price impact should be limited unless the discrepancy propagates into dealing, index data or investor reporting. Over the next 1–3 months, watch for corrected NAV files and any persistent GBP/USD class-tracking divergence; no 6–18 month structural implication is established by this disclosure alone.

Key Decisions for Investors

• No directional trade on this release alone. Do not infer portfolio exposure from the fund name or treat the duplicate share-class rows as separate asset pools.
• Request or monitor an administrator clarification on the valuation-date convention, reporting/base currency, and reconciliation of shareholder equity to each class’s units and NAV. Escalate if the corrected figures imply a persistent NAV or dealing discrepancy.
• If either class trades at a material premium/discount or shows persistent tracking divergence after the data is corrected, reassess using verified holdings, market prices, FX and liquidity data. A clean reconciliation with no trading dislocation would falsify the operational-risk concern.