Following the decision by Janus Henderson to suspend dealing in the Janus Henderson UK Property PAIF (and its associated Janus Henderson PAIF feeder) , we have suspended our recommended rating on the fund. The fund's valuers, CBRE, have advised Janus Henderson that there is material uncertainty over the valuation of the portfolio given the current uncertainty in the market in light of the Covid-19 pandemic. As a result and in agreement with the fund's depositary, the decision has been taken to suspend trading the fund to protect the interests of investors. Although dealing in the fund has been suspended, it will continue to be actively managed and fund reporting will continue as normal. We will continue to monitor the fund while it remains in this suspension period.