Following the announcement that one of the portfolio managers of the JPM Multi-Asset Income fund, Talib Sheikh, is leaving JPMorgan we have decided to retain our A rating on the fund. Michael Schoenhaut remains a portfolio manager on the fund and continues to have responsibility for a global suite of multi-asset income strategies. Eric Bernbaum has replaced Mr Sheikh as a portfolio manager on the fund. Mr Bernbaum is currently a portfolio manager on the European version of the Multi-Asset Income fund. We do not believe the departure of Mr Sheik will have a significant affect on the fund going forward and we believe there is a strong team in place who continue to manage the fund in a consistent manner.