Net Asset Value(s)

On 08/12/2025 Alpha UCITS–Fair Oaks AAA CLO Fund (a sub‑fund of Alpha UCITS SICAV) published NAVs for two share classes: UCITS ETF GBP Hedged Acc (ISIN LU2825557270) at GBP 10.4526 with 101,822 shares outstanding, and UCITS ETF EUR Dist (ISIN LU2785470191) at EUR 1,012.72 with 26,326 shares. Both classes report an identical fund total of 113,690,265.14, indicating the sub‑fund’s assets under management of roughly 113.7 million and providing up‑to‑date pricing and AUM data relevant for allocation, valuation and liquidity considerations for investors in AAA CLO exposure.

Analysis

On 08/12/2025 Alpha UCITS–Fair Oaks AAA CLO Fund (a sub‑fund of Alpha UCITS SICAV) published NAVs for two listed share classes: UCITS ETF GBP Hedged Acc (ISIN LU2825557270) at GBP 10.4526 with 101,822 shares outstanding, and UCITS ETF EUR Dist (ISIN LU2785470191) at EUR 1,012.72 with 26,326 shares. Both classes report an identical fund total of 113,690,265.14, indicating reported assets under management of roughly GBP/EUR 113.7 million and consistent valuation across share classes.

The presence of a GBP-hedged accumulation class and a EUR distribution class indicates a currency overlay and different investor payout profiles; the high per-share EUR NAV reflects large-denomination share units rather than superior performance. The small number of shares outstanding in each class (101,822 and 26,326) implies relatively concentrated listed free float, which can constrain secondary-market liquidity despite the mid-three‑figure million AUM.

The data point is classified with neutral sentiment and a low market impact score (0.05), so the NAV release itself is unlikely to move markets; however investors in AAA CLO exposure should monitor CLO market credit spreads, currency-hedge effectiveness, and subsequent NAV updates, as those factors, not the static NAV print, will drive future performance and liquidity dynamics.

Key Decisions for Investors

• Consider using the GBP Hedged Acc class if you want GBP‑matched exposure to the fund, and the EUR Dist class if you need euro‑denominated distributions, since NAVs and share counts indicate currency and payout structure differences
• Restrict initial position size relative to the stated AUM (~113.7m) and verify secondary market liquidity and UCITS redemption terms before allocating material capital because outstanding share counts are limited
• Monitor weekly/monthly NAV publications, CLO credit‑spread movements and currency‑hedge performance as primary drivers of future NAV volatility, and be prepared to hedge or trim exposure if spreads widen materially
• Watch for divergence between share‑class NAVs or sudden changes in fund total or flows as an early warning of liquidity stress or valuation repricing