Following our decision in March 2019 to suspend the ratings on the Schroder MM Diversity, Diversity Income, Diversity Balanced and Diversity Tactical funds we have now removed the ratings on these funds. While we think Robin McDonald is a capable lead manager, Marcus Brookes, former head of the team, is a highly experienced investor and he is no longer involved in the management of these funds. The remaining team will also be supporting a number of mandates for Schroders Personal Wealth and now directly report into the multi-asset team at Schroders. During this transitional period, we think it is prudent to remove the ratings and allow the team time to settle before reassessing these strategies.