Suspended

Fidelity American - Rating suspended

Rating upgraded

Trojan Fund - Rating upgraded

Rating upgraded

Newton Global Higher Income - Rating upgraded

Suspended

Newton Higher Income

Suspended

Jupiter Income and Jupiter High Income funds - Rating suspended

Suspended

Threadneedle European Smaller Companies - Rating suspended

New Rating

Baronsmead VCT linked offer - New rating

Rating downgraded

Aberforth UK Small Companies - Downgraded

New Rating

Fidelity UK Smaller Companies - New rating

Rating downgraded

Old Mutual UK Select Smaller Companies - Downgraded

New Rating

Liontrust Special Situations - New rating

Suspended

JPM Japan fund - Rating suspended

New Rating

TR Property Sigma - New rating

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UBS US Growth - Rating suspended

New Rating

Twentyfour Dynamic Bond - New rating

New Rating

Battle Against Cancer Investment Trust ("BACIT") - New rating

Rating downgraded

Investec Global Free Enterprise - Downgraded

Rating downgraded

Skandia Global Best Ideas - Downgraded

Rating downgraded

Fidelity International - Downgraded

New launch

Jupiter Merlin Conservative Portfolio

New Rating

GCP Infrastructure - New rating

New Rating

Henderson Asia Pacific Capital Growth - New rating

New Rating

Allianz BRIC Stars - New rating

New Rating

Legg Mason UK Equity - New rating

New Rating

Artemis Capital - New rating

New Rating

JPM UK Dynamic - New rating

Rating downgraded

Henderson UK Alpha - Downgraded

New Rating

Neptune US Opportunities - New rating

New Rating

Fidelity American - New rating

New Rating

Fidelity Strategic Bond - New rating

New Rating

Henderson European Focus - New rating

New launch

Artemis Monthly Distribution

New launch

Schroder Managed Monthly High Income

Rating downgraded

Neptune European Opportunities - Downgraded

Rating downgraded

M&G Global Leaders - Downgraded

Rating downgraded

M&G American - Downgraded

Rating downgraded

Martin Currie North America - Downgraded

New Rating

UBS US Growth - New rating

Rating downgraded

Invesco Perpetual Tactical and Corporate bond Funds - Downgraded

Rating downgraded

City Merchants High Yield - Downgraded

Rating downgraded

Artemis UK Special Situations - Downgraded

Rating downgraded

M&G Recovery - Downgraded

Rating downgraded

Cazenove UK Growth and Income - Downgraded

Suspended

AXA Framlington UK Smaller Companies - Rating suspended

New Rating

Threadneedle European Select - New rating

New Rating

Schroder Tokyo - New rating

Rating downgraded

Atlantis Japan - Downgraded

Rating downgraded

Martin Currie Japan - Downgraded

Rating downgraded

Legal & General US Index - Downgraded

New Rating

Schroder UK Alpha Plus - New rating

New Rating

Fidelity MoneyBuilder Dividend - New rating

Rating downgraded

Schroder Income Maximiser - Downgraded

Rating downgraded

Fidelity Special Situations and Fidelity Special Values - Downgraded

Rating downgraded

M&G Property Portfolio - Downgraded

Rating downgraded

SWIP Property Trust - Downgraded

Rating downgraded

Henderson UK Property - Downgraded

New Rating

Schroder Asian Alpha Plus - New rating

New launch

Schroders Strategic Bond Fund

New launch

Fidelity Global High Yield Bond

New launch

Schroders Small Cap Discovery fund

Rating downgraded

Aberdeen Emerging Markets - Downgraded

Rating downgraded

Blackrock UK Absolute Alpha – Downgraded

New Rating

Standard Life European Income - New rating

Rating downgraded

Ignis European Income Fund - Downgraded

New Rating

Threadneedle UK Absolute Alpha - New rating

New launch

Fidelity Global Dividend

New Rating

SWIP Property Trust -Rating unchanged

Suspended

Baring Global Bond - Rating suspended

Rating downgraded

Standard Life UK Equity High Income - Downgraded

New launch

Invesco Perpetual Global Financial Capital Fund

New launch

Standard Life Global Smaller Companies

New launch

Baronsmead VCTs

New launch

Foresight VCT and VCT 2 Infrastructure Shares

Rating downgraded

Cazenove European - Downgraded

New Rating

Pictet Environment Megatrend Selection - New rating

New Rating

Schroder UK Alpha Plus - New rating

Schroder UK Alpha Plus is a high conviction unconstrained UK equity fund investing mainly across the FTSE 100 index with some mid-cap exposure. The fund has been managed by Richard Buxton since launch in 2002.

The fund structure sought to address a market environment in which the manager believed broad market advances might be difficult to achieve, hence the more focused, unconstrained approach.

The fund has comfortably achieved its performance objectives since launch, however it has at times been volatile. This has led some investors to label the manager as a bull market investor. We consider this unfair given the manager’s pragmatic approach to investment and would argue periods of underperformance are generally more event specific than style driven.

The fund is awarded a four-star rating. Investors should be aware that this fund is a dual priced unit trust and carries a bid offer spread of approximately 0.7-0.8%.

Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing. We aim to provide investors with information to help them make their own investment decisions although this should not be construed as advice or an investment recommendation.

If you are unsure about the suitability of an investment or if you need advice on your specific requirements, we strongly suggest that you consider professional financial advice.

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change.