Net Asset Value(s)

Alpha UCITS–Fair Oaks AAA CLO Fund (a sub‑fund of Alpha UCITS SICAV) published NAVs for 09/12/2025 for two UCITS ETF share classes: the GBP‑hedged Accumulation class (ISIN LU2825557270) shows a NAV of 10.4543 with 101,822 shares, and the EUR Distribution class (ISIN LU2785470191) shows a NAV of 1,012.82 with 26,326 shares; both report an identical fund total of 113,733,537.08—providing investors current pricing and indicating the fund’s consolidated size and availability in both hedged accumulation and EUR distributing formats for exposure to AAA CLO assets.

Analysis

Alpha UCITS–Fair Oaks AAA CLO Fund (a sub‑fund of Alpha UCITS SICAV) published NAVs dated 09/12/2025 for two UCITS ETF share classes: GBP‑hedged Accumulation (ISIN LU2825557270) with a NAV of 10.4543 and 101,822 shares, and EUR Distribution (ISIN LU2785470191) with a NAV of 1,012.82 and 26,326 shares. Both share classes report an identical consolidated fund total of 113,733,537.08, which provides a clear snapshot of the vehicle’s reported size on that date. The two share class structures imply different investor outcomes: the GBP‑hedged accumulation class neutralizes currency exposure for sterling investors while the EUR distributing class delivers periodic cash distributions in euros. The fund’s stated strategy is exposure to AAA CLO assets, which targets the highest tranche level of structured credit; this suggests lower credit risk relative to subordinated tranches but retains structured‑credit and market‑liquidity risk. Given the neutral sentiment and minimal market‑impact signal reported, the release is primarily informational; investors should focus on NAV trends, share class liquidity (small share counts shown), hedging costs and the fund’s distribution policy when sizing positions.

Key Decisions for Investors

• Consider the GBP‑hedged Acc class if the objective is exposure to AAA CLOs with minimized sterling FX risk, confirm hedging mechanics and ongoing costs before adding exposure
• Select the EUR Distribution class only if the investor requires euro cash yield and after reviewing the fund’s distribution schedule and tax implications
• Assess liquidity and position sizing against the reported fund total of 113.7m and relatively small share counts—verify secondary market liquidity and bid/ask spreads before committing large orders
• Monitor subsequent NAV publications and CLO market indicators (spreads and credit conditions) as primary risk signals, and review the prospectus for collateral concentration and structural terms that affect AAA tranche performance