Notification of change to the underlying fund of FAB Balanced Allocation fund

16 Jun 2025

 S226 FAB Balanced Allocation (USD) (the "Affected Mirror Fund")

We have been notified by the board of directors of OneShare plc (the “Company”) of its intention to change the name of the underlying fund of the Affected Mirror Fund, subject to approval from the Central Bank of Ireland.  It is anticipated to become effective on or around the 20 June 2025 (the "Effective Date").

The Company advised that following an internal review and strategic discussions within FAB Private Bank (Suisse) SA (the “Underlying Fund Investment Manager"), the underlying fund of the Affected Mirror Fund will change name from FAB Balanced Allocation Fund to FAB Foundation Fund. 

The decision to rename the underlying fund of the Affected Mirror Fund is part of the Underlying Fund Investment Manager’s ongoing strategy to enhance clarity, accessibility, and commercial appeal while maintaining the core philosophy and objectives of the underlying fund. 

The Company has advised that the new name has been carefully selected to reflect its primary purpose as a foundational, diversified investment solution designed for long-term wealth preservation and sustainable growth. The term "Foundation" underscores the role of the underlying fund as a stabilising, central allocation within portfolios, aimed at achieving steady capital appreciation through disciplined asset allocation across key markets and asset classes.

Accordingly, the Affected Mirror Fund name will be updated from the Effective Date to S226 FAB Foundation (USD). 

All existing terms and conditions of the underlying fund and the Affected Mirror Fund remain unchanged as a result of the new name. 

This change will take effect automatically and policyholders do not need to take any action. 

Should you have any questions regarding this change, please contact the Investment Marketing Team.