Volta Finance Limited Net Asset Value(s) as at 30 September 2025

Core Insights - Volta Finance Limited reported a net performance of +0.3% for September 2025, bringing the year-to-date performance to +3.5% [4] - The performance of Volta Finance is lower compared to US High Yield and Euro High Yield, which returned +7.1% and +4.6% respectively [4] - The company's NAV as of the end of September 2025 was €272.6 million, equating to €7.45 per share [8] Market Overview - Global markets demonstrated resilience, with US equities benefiting from investments in artificial intelligence and anticipated interest rate cuts by the Federal Reserve [5] - Fixed income yields increased, with long-term rates in France and Germany reaching multi-year highs, while UK gilts advanced ahead of the Autumn Budget [5] - The Federal Reserve executed its first rate cut in nine months, while the ECB and Bank of England maintained a cautious approach [5] Portfolio Activity - Volta Finance reinvested approximately €10 million into five different US and European BB and B CLO debts, reducing its cash position from 18% to 16% [7] - The company experienced stable interest and coupon generation over the past six months, amounting to about €28 million equivalent, or approximately 21% of September NAV on an annualized basis [7] - Volta's CLO Equity tranches returned +0.3%, while CLO Debt tranches returned +1.2% during the month [8] Investment Strategy - Volta Finance aims to preserve capital across the credit cycle and provide a stable income stream to shareholders through quarterly dividends [13] - The company primarily seeks exposure to CLOs and similar asset classes, with a potential for a more diversified investment strategy across structured finance assets [13]