Investment objective and policy changes to the underlying fund of Schroder Global Cities
23 Feb 2026
Notification of changes to the underlying fund of:
- P83 Schroder Global Cities (EUR)
- P82 Schroder Global Cities (USD)
(Together the “Affected Mirror Funds”)
Schroder International Selection Fund (the “Company”) has notified us that on the 30 March 2026 (the “Effective Date”) it will be changing the investment policy and sustainability criteria of the underlying fund of the Affected Mirror Funds.
The Company has also updated the investment objective to clarify that the underlying fund holds equity and equity related securities of real estate companies worldwide that own assets in global cities.
Background and rational
The underlying fund of the Affected Mirror Funds currently uses a Schroders' proprietary tool to assess whether an investment qualifies as sustainable. However, a methodology provided by Global Real Estate Sustainability benchmark (GRESB), a specialist in real estate sustainability data, offers a tool the investment manager believes will provide a more specific methodology for this strategy. The new approach will require potential holdings in the underlying fund to:
- achieve a score of at lest 50% on both the performance and management components of the GRESB's scorecard and thereby achieve the threshold for GRESB's “Green Star” designation or;
- receive a determination by the underlying fund's investment manager that the company would achieve a score of at least 50% on each component if additional robust evidence was available within the scorecard and included in the calculation of the score.
For full details of the changes being made please see appendix in the Schroder International Selection Fund Notification opposite.
The above changes will happen automatically within policies or contracts and policyholders do not need to take any action.
The extent of the changes to the risk/reward profile as a result of the changes is non-significant. There are no other changes to the underlying funds' investment style, investment philosophy, investment strategy, and the operation and/or manner in which the underlying fund of the Affected Mirror Funds is being managed following these changes.
Should you have any questions regarding this change, please contact the Investment Marketing Team.
