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DUBLIN - UBS (Irl) Fund Solutions Plc, the Dublin-based investment company, has informed its shareholders of upcoming changes to the sub-funds under its management. In a notice dated April 28, 2025, the company outlined a series of name changes for its funds, which are set to take effect on May 12, 2025, pending approval from the Central Bank.
The company emphasized that the renaming of the funds will not alter their investment objectives, policies, or the indexes they track. The funds will continue to be passively managed, adhering to their respective benchmarks as detailed in their current supplements.
Among the changes, the "Bloomberg Commodity Index SF UCITS ETF" will become the "UBS BBG Commodity Index SF UCITS ETF," and similarly, the "CMCI Composite SF UCITS ETF" will be updated to "UBS CMCI Composite SF UCITS ETF." The full list of fund name changes includes a variety of equity and commodity-focused ETFs.
In addition to the fund name updates, the company will also revise the naming convention for each share class of the funds. The "A" denomination, which currently indicates availability on the secondary market to all investors, will be removed. Classes with "hedged to" in their name will be renamed with an "h" to denote currency hedging. Furthermore, the current practice of including brackets with the relevant currency in the name of a class will be discontinued.
Shareholders will not need to take any action as the changes will automatically come into effect on the stated date. The updated supplements, reflecting these changes, will be made available on the UBS website following the Central Bank’s approval.
The notice also reassures shareholders that the updated prospectus, supplements, Key Investor Information Documents (KIIDs), PRIIPs Key Information Documents (KIDs), and the company’s constitution will be accessible at the company’s registered office and online, as well as from local representatives in countries where the company is registered.
This article is based on a press release statement from UBS (Irl) Fund Solutions Plc and is intended to inform shareholders and the public of the forthcoming changes to the fund names and share class naming conventions.
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