Since launching our Responsible ratings, we have continued to refine and enhance the criteria by which we assess the constituents of our Responsibly rated universe. As a result, we believe that the Comgest Growth Japan fund no longer meets our Responsible rating criteria. Therefore, we will be changing the fund's rating from a Responsible A to an A rating. We retain complete conviction in this fund, its managers and their investment approach, which is ESG integrated, and believe it to be a very strong choice for those investors seeking access to high quality, growing companies in the Japanese market.
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