Net Asset Value(s)

The table reports ALPHA UCITS ETF GBP share class NAV of GBP 10.8509 per share as of 2 November 2026, with 156,822 shares outstanding. Fund net assets are listed as EUR 155,479.

Analysis

No directional signal: a single NAV disclosure does not establish investor flows, portfolio performance, or a change in fundamentals. The extract appears internally inconsistent: the stated NAV and share count imply roughly GBP 1.7 million of value, while the reported total net assets appear to be EUR 155,479. Do not infer fund size or tradeability until the original filing confirms the figures and units. If the lower asset figure is correct, limited scale could mean wider spreads, greater dependence on market makers, and elevated closure or liquidation risk; if it is a formatting error, that concern falls away. The NAV is not necessarily an executable price. Near term, verify the issuer’s source document, exchange quote, assets under management, and bid–ask spread. There is no basis here for a directional position or a structural view.

Key Decisions for Investors

• No trade on this disclosure alone; it contains no verified catalyst or directional information.
• Check the issuer’s original NAV notice and reconcile currency, total net assets, share count, and the GBP share-class NAV before using the figures.
• If confirmed assets are exceptionally low, monitor trading spreads, market-maker depth, and any notice of closure or liquidation; avoid relying on NAV as an execution price.
• Treat a corrected filing or evidence of persistent wide spreads as the relevant follow-up, not the reported NAV move in isolation.