UBS informs the Shareholders of the Fund that a number of updates are being made to the supplement for the Fund. The principal changes which the Board wish to bring to your attention are set out below….
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- The UBS Bloomberg Constant Maturity Commodity Index Excess Return is replaced by the new reference index, the UBS Bloomberg Constant Maturity Commodity Index Total Return;
- The Investment Objective and the General Description of the Reference Index sections of the supplement are amended to refer to the Reference Index and to remove details of the Old Reference Index;
The aforementioned changes will take effect subject to the prior approval of the Central Bank of Ireland and the Shareholders.
It is expected that the changes will be effective from 11th October, 2016 or such earlier or later date as the Company may determine which shall be at least two weeks after the date of this letter, or such later time as may be determined by the Directors, following receipt of all necessary approvals to the changes and publication on the Ubs website.
The changes will be reflected in new Supplement for the Fund and which will be available free of charge to Shareholders following approval of the Supplement by the relevant regulatory authorities.