It works correctly in 5.0.3.

Steps to Reproduce

1. Open the attached project Test_Niagara_001.uasset.
2. Rename the timeline folder or change the folder hierarchy.
3. After saving, when Test_Niagara_001.uasset is opened again, the changes are not reflected.

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ComponentUE - Rendering - Niagara
Affects Versions5.25.1
Target Fix5.3
CreatedFeb 8, 2023
UpdatedFeb 13, 2023