Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.Alpha UCITS SICAV - Fair Oaks AAA CLO Fund UCITS ETF GBP Hedged Acc. Share Class (LU2825557270) a sub-fund of Alpha UCITS SICAV Waystone Management Company (Lux) S.A. is the SICAV management company for this fundOBJECTIVES AND INVESTMENT POLICY Investment Objective The Investment Manager seeks to promote environmental and social The Sub-Fund's objective is to seek to generate attractive risk-adjusted characteristics within the meaning of Article 8 SFDR. returns primarily by investing in and managing a portfolio of European Benchmark and US AAA-rated collateralised loan obligations ("CLOs") on a long- only and liquid basis.The Sub-Fund is managed actively with no reference to any benchmark. Investment Policy Fund Currency The Sub-Fund seeks to achieve its investment objective by investing inThe reference currency of the Sub-Fund is the EUR and the share class collateralised loan obligations ("CLOs") on a long-only and liquid basis. currency is the GBP. The Sub-Fund will invest up to 100% of its Net Asset Value in CLOs. The Subscription and Redemption underlying credit exposure of the Sub-Fund is restricted to European Only Authorised Participants may subscribe for or redeem ETF Shares and U.S. assets. The Sub-Fund shall not invest in emerging marketsdirectly with the Sub-Fund, with dealing normally on a daily basis. assets. Dealing on the secondary market The Sub-Fund may only invest in debt securities that have a credit rating The Sub-Fund's ETF Shares are listed on one or more stock exchange of AAA (or equivalent). The Sub-Fund's portfolio may only be invested in (s). cash and debt securities with a long-term rating of AAA (or equivalent). In case securities in the portfolio are downgraded below a long-term Distribution Policy rating of AAA (or equivalent), the Investment Manager will seek to sell Income generated is reinvested. the relevant as soon as reasonably possible, provided that it determines that it is in the best interests of investors.Holding Period The Sub-Fund is intended for investors who have a medium to long term Financial derivative instruments may only be used for the purpose of investment horizon. currency hedging at asset and share class level. The Sub-fund may invest in ancillary liquid assets in accordance with section 3.5 (b) of the General Section of the Prospectus.RISK AND REWARD PROFILE Lower risk Higher risk Not all risks affecting the Fund are adequately captured by the synthetic risk indicator. The following risks may affect the Fund: Potentially lower reward Potentially higher rewardOperational risk - That may occur due to technical issues for example natural disasters and fraud. 1 23 4 5 6 7 Currency risk - When the Sub-Fund invests in assets denominated in a different currency. A devaluation of the asset's currency relative to the currency of the Sub-Fund will lead to a reduction in the value of the Sub- Risk Disclaimer Fund. The risk and reward indicator illustrates where the Sub-Fund is Derivative risk - Use of derivatives results in a higher possibility of loss positioned in terms of its possible risk and reward. The higher the Sub- due to the use of leverage, or borrowing. Derivatives allow investors to Fund's position on this scale, the greater the possible reward, but also earn greater returns from small movements in the underlying asset's the greater the risk of losing money. Even if the Sub-Fund is in the lowest price. However, investors could lose large amounts if the price of the risk class you can lose money as no investments are entirely risk free. underlying asset moves against them significantly. The risk indicator is calculated using historical data and therefore cannot be used as a prediction for the future. The risk classificationCredit default risks - The Sub-Fund invests in debt securities which are may change over time. subject to the credit default risk of the issuers of the debt. Asset backed securities risk - The Sub-Fund invests in asset-backed Why is this Sub-Fund in this category?securities (ABS), which covers a wide range of securities each of which The Sub-Fund is subject to a medium/high level of risk being linked tois backed by a particular type of assets. The Sub-Fund may be typical risks of securities markets, such as macro-economic trends. Atsusceptible to losses resulting from defaults within the ABS portfolios. this time, the level of risk and reward profile is equal to 4.Furthermore the ABS liquidity may be reduced in times of stressed and volatile markets. Full details of all risks the Sub-Fund is exposed to are provided in the Prospectus. CHARGES FOR THIS FUND The charges investors pay are used to cover the cost of running the One-off charges that may be taken before or after you investfund, including the cost of marketing and distributing it. These charges reduce the potential growth of your investment. Entry charge none The ongoing charges may vary from year to year and include Exit charge none investment management (if applicable), management, administration This is the maximum that might be taken out of your money before it is and depositary fees. They do not include portfolio transaction costs invested and before the proceeds of your investment are paid out. and performance fees. The ongoing charge is an estimate based on the fees disclosed in the Charges taken from the Fund over a year Prospectus. Ongoing charge 0.35% More information about the charges can be found in the Prospectus of the fund. Charges taken from the Fund under certain specific conditions Additionally, in case of a switch from one Sub-Fund to another Sub- Performance fee none Fund of Alpha UCITS SICAV, a conversion fee of up to 1% may be levied to cover conversion costs. A dilution levy may be applied upon discretion of the Board of Directors.PAST PERFORMANCE %The share class is not launched or launched less than a calendar year 20 ago. As past performance is not yet available for a full calendar year, past performance cannot be disclosed. 10 The Sub-Fund was launched on 16/09/2019. 0 -10 -20 2020 2021 2022 2023 2024PRACTICAL INFORMATION Investment Manager: Fair Oaks Capital LimitedIntended Retail Investor Fund Platform: Alpha UCITS SICAV, Luxembourg This product is intended for investors who plan to stay invested for at least 3 years and are prepared to take on a medium/high level of risk of Depositary loss to their original capital in order to get a higher potential return. It is CACEIS BANK, Luxembourg Branch. designed to form part of a portfolio of investments. Further Information The Company does not permit the sale of the ETF Shares to mass retail. Accordingly, on the Secondary Market, ETF Classes should The Prospectus, the annual and semi-annual reports and the KIID are available free of charge in English at the registered office of the not be offered to Retail Investors who are Basic Investors or to Retail Investors on an execution-only basis, in each case as stated Company and of the Administrative Agent and on https://www.waystone.com/ucits-lux. in the European MiFID Template. Any further practical information including the Net Asset Value per Tax Legislation Share of each Class within each Sub-Fund will be made public at the Luxembourg's taxation regime may have an impact on the personal tax offices of the Company and the Administrative Agent on each Business position of the investors. Day and is also available on www.fundsquare.net and www.bloomberg. This key investor information document is available in English. com. Liability Statement Alpha UCITS SICAV is an umbrella fund with more than one Sub-Fund. The assets and liabilities of each Sub-Fund are segregated by law. This Waystone Management Company (Lux) S.A. may be held liable solely key investor information document describes one share class of one for any statement contained in this document that is misleading, Sub-Fund of Alpha UCITS SICAV. inaccurate or inconsistent with the relevant parts of the Prospectus of the fund. The details of the up-to-date remuneration policy of the Management Company, including, but not limited to, a description of how Switching between Funds remuneration and benefits are calculated, the identity of the personsThe conversion of Non-ETF Shares into ETF Shares and vice versa is not responsible for awarding the remuneration and benefits, including thepermitted although a Class of ETF Shares may be converted into a composition of the remuneration committee, are available on different Class of ETF Shares of the same Sub-Fund. https://www.waystone.com/luxembourg-remuneration-policy, a paper copy will be made available free of charge upon request. This fund is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Waystone Management Company (Lux) S.A. is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier. This key investor information is accurate as at 05/02/2025.