Net Asset Value(s)

The table lists fund valuations dated 13/10/2026, including AGI Global Equity Active at NAV per unit of USD 10.1421 and GBP 7.6256, and AGI Smart Europe Equity Active at GBP 8.3694. It also reports AGI Smart US Equity Active at USD 10.4306; the final GBP entry is incomplete.

Analysis

This is a valuation disclosure, not a standalone investment catalyst. The two Global Equity NAV figures appear to be currency-denominated values for the same unit count; their relationship is consistent with a currency translation, not evidence of portfolio performance. Without prior NAVs, distributions, holdings, or flow data, neither fund returns nor investor demand can be inferred. The blank GBP NAV for Smart US Equity is a data-completeness item to verify, not evidence of a valuation problem. Near term, the main actionable risk is a reconciliation or reporting correction. Over 1–3 months, assess these vehicles only alongside comparable-period NAV performance, flows, and portfolio exposures. No credible basis for a directional trade or relative-value position is provided here.

Key Decisions for Investors

• No trade on this disclosure alone; avoid interpreting unit counts as subscriptions or NAV levels as returns.
• Verify the missing GBP NAV for AGI Smart US Equity and confirm whether the Global Equity USD/GBP entries are share classes or currency translations.
• Monitor subsequent NAV filings for corrections and obtain prior-period NAVs, distributions, flows, and holdings before assessing performance or exposures.
• Revisit only if a material NAV restatement or persistent reporting discrepancy emerges; absent that, treat the item as administratively neutral.