{"annotation_id":"045e2221-eee8-4d0c-a5a8-233ec571b79a","file_hash":"3584a3b55dfab51df73e9b670ba1b076d5f134c831809f37216f4fee7aa210ba","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"0c49574f-0568-4e19-8b3d-e177a6be82db","block_type":"box","text":"State Street® SPDR® Bloomberg 0-3","page_number":1,"box":{"x":51,"y":71,"width":619,"height":23}},{"id":"8d30eb1e-9302-4172-a3de-b6a475ace371","block_type":"box","text":"Year Euro Corporate Bond USD Hdg","page_number":1,"box":{"x":50,"y":105,"width":622,"height":23}},{"id":"b66fbac9-6a67-464c-8093-0398de179768","block_type":"box","text":"UCITS ETF (Acc)","page_number":1,"box":{"x":52,"y":139,"width":289,"height":21}},{"id":"773df8fe-863c-49ec-a021-0c16c9e95b1b","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"808665c2-4322-4617-a9d3-48b1be5feb90","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"f76b6291-1d2e-4760-9377-d23d93f9de26","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"00185081-98bf-45b0-8f32-3e0884f6965f","block_type":"box","text":"IE000P4KWPY3","page_number":1,"box":{"x":754,"y":107,"width":89,"height":6}},{"id":"5d093eae-be67-4608-923f-9378fda332ca","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"52661a50-15e1-4e13-8dc6-a31cbab284b5","block_type":"box","text":"Unless otherwise stated in the fund's governing legal documents, the metrics referred to in this report do not form part of the investment objectives or","page_number":1,"box":{"x":51,"y":186,"width":884,"height":8}},{"id":"247217de-f0ea-4082-8fab-75a95c8ee774","block_type":"box","text":"investment policy of the fund. The provision of the information in this report should not be construed as a representation of the fund’s current or future","page_number":1,"box":{"x":51,"y":198,"width":888,"height":9}},{"id":"b8784cc7-3740-44d3-a8c8-5106cd67ae4b","block_type":"box","text":"investment objective, nor its sustainable characteristics. It should not be viewed as an indicator of the fund manager’s current or future investment","page_number":1,"box":{"x":51,"y":211,"width":866,"height":9}},{"id":"c0347f74-0021-4b0b-805d-6fe2a388abc9","block_type":"box","text":"decision-making. Please refer to the fund’s governing legal documents for further information with respect to the fund, including its investment","page_number":1,"box":{"x":50,"y":224,"width":842,"height":9}},{"id":"ad2ddb1f-7822-4a30-b191-6cf0a5dcfac6","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":237,"width":560,"height":9}},{"id":"cfb3b876-8bba-4fec-a45c-e3711b796795","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":286,"width":225,"height":15}},{"id":"830b60cf-1dca-4383-9070-410ade89fb7f","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI, Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":319,"width":869,"height":7}},{"id":"07e66c1b-7cf6-4002-9756-f315aca46115","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":332,"width":875,"height":8}},{"id":"115bfb39-2ef4-4300-9850-30b8de32e9cf","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":343,"width":481,"height":7}},{"id":"cf58229d-e6d8-484d-8938-2ac0aeb44189","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":357,"width":123,"height":7}},{"id":"c1b22e11-d7d6-4efb-a5b5-2b80fa82470c","block_type":"box","text":"Companies with SBTi","page_number":1,"box":{"x":50,"y":388,"width":164,"height":10}},{"id":"bd91a4c3-01e4-4b39-9b03-38c980f3f31a","block_type":"box","text":"Approved Targets","page_number":1,"box":{"x":50,"y":403,"width":138,"height":10}},{"id":"5afcfe3d-99eb-4176-a877-1ef743324cec","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":389,"width":146,"height":8}},{"id":"a52e205a-5e2d-424d-b5ed-9e178a5fd8a5","block_type":"box","text":"45.29%","page_number":1,"box":{"x":104,"y":427,"width":61,"height":7}},{"id":"2e20a52b-0393-4382-b4d9-64fdc3b2b49b","block_type":"box","text":"0.58","page_number":1,"box":{"x":338,"y":427,"width":40,"height":7}},{"id":"0e7fa868-83fa-4f1d-b178-49e939ea0f01","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":443,"width":111,"height":6}},{"id":"4e1b4902-38eb-4276-8a54-1b138d4a2f96","block_type":"box","text":"Green/Fossil Fuel","page_number":1,"box":{"x":50,"y":474,"width":134,"height":9}},{"id":"e4ab9aa0-d5ea-46c0-ba94-0f5004b1b141","block_type":"box","text":"Based Revenue Ratio","page_number":1,"box":{"x":51,"y":489,"width":157,"height":8}},{"id":"d012f4d4-c396-4b4a-be79-8ef8bf9eb0df","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":284,"y":474,"width":96,"height":9}},{"id":"1ab07694-9bc9-4e72-a183-83a3d61421eb","block_type":"box","text":"0.95","page_number":1,"box":{"x":104,"y":513,"width":40,"height":7}},{"id":"4e47b3d8-9786-44db-a39f-d254f9b04863","block_type":"box","text":"11.35%","page_number":1,"box":{"x":339,"y":513,"width":60,"height":7}},{"id":"9a0683c2-0d95-4019-a15c-657ff4dcdc30","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":51,"y":560,"width":125,"height":8}},{"id":"084523ef-bc7e-4ee1-9206-7171e6798437","block_type":"box","text":"Low Carbon Transition","page_number":1,"box":{"x":284,"y":560,"width":175,"height":8}},{"id":"17e30a1b-cdae-4459-abd3-a601762cec8e","block_type":"box","text":"Score","page_number":1,"box":{"x":284,"y":575,"width":43,"height":8}},{"id":"abe64074-a0db-42a9-8007-16d9056c6cc9","block_type":"box","text":"4.97%","page_number":1,"box":{"x":104,"y":598,"width":51,"height":8}},{"id":"bb9df242-71dd-4905-b07b-11a8c3ccad07","block_type":"box","text":"5.93","page_number":1,"box":{"x":338,"y":598,"width":39,"height":8}},{"id":"a1a4fe62-91a3-49e0-8c54-e69a816c3744","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":627,"width":93,"height":8}},{"id":"0778ebb6-8049-4e3c-bcc9-117d06e2edae","block_type":"box","text":"98.02%","page_number":1,"box":{"x":182,"y":628,"width":46,"height":6}},{"id":"4612ca6f-158c-46c9-b1c5-0332497e1759","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":627,"width":93,"height":8}},{"id":"3409889e-a2ca-4fd7-81d0-9818a227efc5","block_type":"box","text":"97.35%","page_number":1,"box":{"x":416,"y":628,"width":45,"height":6}},{"id":"2bc157a1-6a16-4ce1-b108-8f08e4f5db4f","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":660,"width":162,"height":10}},{"id":"94ceedf8-3976-4aa8-b578-e64ec9462379","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":674,"width":64,"height":10}},{"id":"f7798ecb-60e5-40c7-96f6-173b4919622b","block_type":"box","text":"2.20","page_number":1,"box":{"x":105,"y":698,"width":39,"height":8}},{"id":"a996c5ce-dd16-4d8e-9be3-c9900c6f2440","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":727,"width":93,"height":7}},{"id":"1da282b0-28e2-45fe-ba00-4aebade21221","block_type":"box","text":"88.17%","page_number":1,"box":{"x":182,"y":728,"width":46,"height":6}},{"id":"0fd5a46e-241f-438f-bea4-7ed0dea13077","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":758,"width":133,"height":10}},{"id":"4fccd815-6d2d-4738-ace3-bda5027ba476","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":761,"width":76,"height":6}},{"id":"4e656c0f-77a3-403d-9371-9b323998b2be","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":778,"width":41,"height":5}},{"id":"2425aa4a-ea5e-4984-8b2e-f7a6232e5692","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":778,"width":93,"height":7}},{"id":"0cf36fcf-33f6-4e2d-9e50-cc41a214d52c","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":792,"width":37,"height":7}},{"id":"90ed117d-60e0-427d-927c-ee7445620050","block_type":"box","text":"29.38","page_number":1,"box":{"x":322,"y":793,"width":37,"height":6}},{"id":"2df812eb-b55b-4dfc-90ff-de1227317318","block_type":"box","text":"98.02%","page_number":1,"box":{"x":438,"y":793,"width":45,"height":6}},{"id":"0c7ed96e-99fb-4751-947d-3c2771f10e19","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":808,"width":41,"height":7}},{"id":"55af004a-455f-4bac-ac91-66b29d0c9930","block_type":"box","text":"6.74","page_number":1,"box":{"x":330,"y":809,"width":29,"height":6}},{"id":"5173f16f-a83a-4b87-a52d-6945de4fbdef","block_type":"box","text":"98.02%","page_number":1,"box":{"x":438,"y":809,"width":45,"height":6}},{"id":"cbe60159-da07-45c3-b743-f7f8f302202c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":825,"width":41,"height":7}},{"id":"615e4e05-7407-413e-9d88-daf2f35c5a68","block_type":"box","text":"386.50","page_number":1,"box":{"x":314,"y":826,"width":45,"height":6}},{"id":"1e7ddef5-a143-410c-8025-de5b7cd6f244","block_type":"box","text":"97.86%","page_number":1,"box":{"x":438,"y":826,"width":45,"height":6}},{"id":"9d329288-a4a9-40b2-ab01-a131436261bc","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":841,"width":52,"height":8}},{"id":"f98f4907-7bd5-4fb3-8cf0-e9bdee7bf012","block_type":"box","text":"36.12","page_number":1,"box":{"x":322,"y":843,"width":37,"height":5}},{"id":"59aca36a-d785-4081-be36-7e44933a4507","block_type":"box","text":"98.02%","page_number":1,"box":{"x":438,"y":843,"width":45,"height":5}},{"id":"3101eaaa-a824-48a8-9c42-0a487f92cb3d","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":858,"width":66,"height":7}},{"id":"19c86f5a-80b4-4288-90e5-10921750803e","block_type":"box","text":"429.89","page_number":1,"box":{"x":314,"y":859,"width":45,"height":6}},{"id":"6322860d-3873-41c3-9c96-eaae26df3e06","block_type":"box","text":"96.97%","page_number":1,"box":{"x":438,"y":859,"width":45,"height":6}},{"id":"9bd1dff1-4fed-4f99-84f7-2049eca8bbd9","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":389,"width":177,"height":8}},{"id":"f8d981ce-9745-4b2f-9057-7943e5bdc6e6","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":413,"width":42,"height":5}},{"id":"f9ad7ca4-23ee-42cf-8a7a-a7534d5963f5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":413,"width":93,"height":7}},{"id":"4d833c36-8bc8-4657-9d1b-e7f8d363bf6e","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":427,"width":37,"height":7}},{"id":"b58eb571-6bfe-477b-9c02-3cd570f333b0","block_type":"box","text":"21,941.56","page_number":1,"box":{"x":772,"y":428,"width":69,"height":7}},{"id":"a19e0a3e-3bfc-4375-8b96-330ab35fd4fa","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":428,"width":45,"height":6}},{"id":"5016dab2-5c60-46c0-a5e3-3aba28dd0879","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":443,"width":40,"height":7}},{"id":"c6365c21-6761-4155-a567-0b41161830f5","block_type":"box","text":"5,033.91","page_number":1,"box":{"x":780,"y":444,"width":61,"height":8}},{"id":"08eeabb6-db13-4abe-94fa-3b0b1565af77","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":444,"width":45,"height":6}},{"id":"b148db98-940b-4289-ae7d-755dddfbaabd","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":460,"width":40,"height":7}},{"id":"15bc539e-1d10-4555-9e39-37bd9cf46700","block_type":"box","text":"288,217.66","page_number":1,"box":{"x":765,"y":461,"width":76,"height":7}},{"id":"b2124290-b3a7-4710-99e7-b863af148040","block_type":"box","text":"97.86%","page_number":1,"box":{"x":903,"y":461,"width":45,"height":6}},{"id":"84d9dc02-d187-47ea-be5c-57ecaa6058d4","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":477,"width":51,"height":7}},{"id":"9a0618da-81ac-4a5d-854f-ea5141275a5d","block_type":"box","text":"26,975.68","page_number":1,"box":{"x":772,"y":478,"width":69,"height":7}},{"id":"8695dfbe-5e42-4c41-8c36-3701e9d1c15a","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":478,"width":45,"height":6}},{"id":"27bc85c6-3b70-41ee-a0e0-3f353d518c2e","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":520,"width":271,"height":10}},{"id":"61186362-343b-44ca-95b1-f9a2a4da545e","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":523,"width":77,"height":6}},{"id":"e6c5bc8a-7877-41e3-8cdd-922812e16772","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":544,"width":42,"height":6}},{"id":"dcb84698-dc5e-4e1e-93d7-a081477f500f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":544,"width":93,"height":7}},{"id":"85cdcae8-dddd-4eb4-a460-9435af60c007","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":558,"width":37,"height":7}},{"id":"45cfef41-8ff1-4344-94b5-2ab5517f42cb","block_type":"box","text":"49.25","page_number":1,"box":{"x":803,"y":559,"width":37,"height":6}},{"id":"aa0f5e19-17fd-4e5a-8084-00c5dc3f765b","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":559,"width":45,"height":6}},{"id":"dcbb2fc9-1764-4123-a6ca-f34fb4f01105","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":574,"width":40,"height":8}},{"id":"bbe8a20f-06cf-45fb-83e3-2bf855f68e4b","block_type":"box","text":"18.50","page_number":1,"box":{"x":803,"y":576,"width":38,"height":5}},{"id":"90c11b2d-6d02-4c33-a52e-da36062fa297","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":576,"width":45,"height":5}},{"id":"968cf7b9-7f1b-4a55-86ee-762dae57fe56","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":591,"width":40,"height":7}},{"id":"5fd13ea6-9a2b-4c99-9ef1-f1cffb4b4f60","block_type":"box","text":"629.05","page_number":1,"box":{"x":795,"y":592,"width":45,"height":6}},{"id":"65992e6b-ecb7-4aea-8060-01d77b597378","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":592,"width":45,"height":6}},{"id":"24b9334e-a79e-461f-ae34-f22d796f4de3","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":608,"width":51,"height":7}},{"id":"7640f471-012c-489c-9d9b-a1312835bbdf","block_type":"box","text":"67.67","page_number":1,"box":{"x":803,"y":609,"width":37,"height":6}},{"id":"dd3cbccc-bd32-4810-a753-fbee02b65509","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":609,"width":45,"height":6}},{"id":"562ed007-1eb5-43b7-8987-d7128a9605b1","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":624,"width":66,"height":7}},{"id":"78df7ccc-1352-49fd-93ac-75c2296bcaf1","block_type":"box","text":"706.16","page_number":1,"box":{"x":795,"y":625,"width":46,"height":6}},{"id":"25f0c517-9959-405a-9738-b41b26261a74","block_type":"box","text":"98.02%","page_number":1,"box":{"x":903,"y":625,"width":45,"height":6}},{"id":"96d6b965-f6cd-4068-bc6d-e1febe634978","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":667,"width":189,"height":10}},{"id":"ecfef91c-feca-4edc-9ae5-3b72664432c7","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":692,"width":82,"height":7}},{"id":"5dc0ae0a-9dce-4a8f-97f1-4dcd196c8244","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":692,"width":42,"height":6}},{"id":"82a73886-9220-43ec-a881-2ccb85b85655","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":692,"width":93,"height":8}},{"id":"f191fd40-48df-44dc-97c8-67b654931989","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":706,"width":127,"height":8}},{"id":"4a032945-3d46-4517-b2e6-0fd699fa2d8e","block_type":"box","text":"-14.39%","page_number":1,"box":{"x":789,"y":707,"width":52,"height":6}},{"id":"71c5d99b-c42c-4e31-9fba-4de340ca1886","block_type":"box","text":"88.39%","page_number":1,"box":{"x":903,"y":707,"width":45,"height":6}},{"id":"bfcf9514-f266-4c00-9140-4a498f810f01","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":723,"width":134,"height":7}},{"id":"36a71eee-a4df-4f7b-ac31-d1497b3e00b5","block_type":"box","text":"-4.77%","page_number":1,"box":{"x":797,"y":724,"width":44,"height":6}},{"id":"c5aa283c-6f4c-4a3a-926b-88a8cc832b72","block_type":"box","text":"88.39%","page_number":1,"box":{"x":903,"y":724,"width":45,"height":6}},{"id":"a7b1d128-b7b3-4005-9d6b-ed02c7890f77","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":739,"width":79,"height":7}},{"id":"6d8cfbe8-94a7-416a-b92a-843ba96688a5","block_type":"box","text":"-3.16%","page_number":1,"box":{"x":797,"y":741,"width":44,"height":6}},{"id":"231d3967-b7e4-4373-b0f5-89d5ef0fed69","block_type":"box","text":"88.39%","page_number":1,"box":{"x":903,"y":741,"width":45,"height":6}},{"id":"33ab47c2-9348-4a72-a366-ee17f8a226ef","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":756,"width":164,"height":7}},{"id":"698c015e-f7ab-4a62-899d-8e7dc4d34533","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":773,"width":127,"height":7}},{"id":"ec55aff9-f5b9-43df-8f45-428b7a33b3aa","block_type":"box","text":"1.45%","page_number":1,"box":{"x":803,"y":774,"width":38,"height":6}},{"id":"d2ab2756-59f8-4047-97ab-bb28904095c0","block_type":"box","text":"77.10%","page_number":1,"box":{"x":903,"y":774,"width":45,"height":6}},{"id":"f3af1d8b-0959-45a3-99c1-1e9c8a5e9e37","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":789,"width":134,"height":8}},{"id":"31fbde9a-7993-49ca-8991-4f546f5986b9","block_type":"box","text":"0.32%","page_number":1,"box":{"x":803,"y":791,"width":38,"height":5}},{"id":"59e4e230-8265-4c90-86b0-87152182cd46","block_type":"box","text":"77.10%","page_number":1,"box":{"x":903,"y":791,"width":45,"height":5}},{"id":"56ac508e-8943-46e2-9e47-a9d4dad5334a","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":806,"width":79,"height":7}},{"id":"661c00dd-abac-4acf-bda7-f60a8d061bc1","block_type":"box","text":"0.35%","page_number":1,"box":{"x":803,"y":807,"width":38,"height":6}},{"id":"42373519-cbb3-44b1-ae16-5d505f3cf271","block_type":"box","text":"77.10%","page_number":1,"box":{"x":903,"y":807,"width":45,"height":6}},{"id":"8b80065e-5caf-4d9d-a0e8-fbc6368c974e","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":823,"width":95,"height":7}},{"id":"2fac6ef0-9ca3-4a32-a231-bd71c9e7308a","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":839,"width":127,"height":8}},{"id":"c584eb46-e8fb-492d-8ff8-cc0cb2fd4552","block_type":"box","text":"-0.26%","page_number":1,"box":{"x":797,"y":841,"width":44,"height":5}},{"id":"d0a18a25-7ee8-484a-81c6-1fd00db07a52","block_type":"box","text":"88.20%","page_number":1,"box":{"x":903,"y":841,"width":45,"height":5}},{"id":"ec726d1c-c57e-4ef2-87d8-03dd956e5799","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":856,"width":134,"height":7}},{"id":"d5c1ac45-3222-4038-bcd8-598b02073b9e","block_type":"box","text":"-0.56%","page_number":1,"box":{"x":797,"y":857,"width":44,"height":6}},{"id":"1cefc81b-7318-4eb2-af9e-9ac0bc3b2b08","block_type":"box","text":"88.20%","page_number":1,"box":{"x":903,"y":857,"width":45,"height":6}},{"id":"8bb43be8-e791-4d06-91c0-62fa63498144","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":873,"width":79,"height":6}},{"id":"58270ad3-0836-4f5a-be15-4d03b2af5b9d","block_type":"box","text":"-0.87%","page_number":1,"box":{"x":797,"y":874,"width":44,"height":6}},{"id":"eb610485-7d79-47d9-a1ea-6aab6dd7995e","block_type":"box","text":"88.20%","page_number":1,"box":{"x":903,"y":874,"width":45,"height":6}},{"id":"77af05bd-e859-4ba7-bd53-cdcebcc7e469","block_type":"box","text":"Report ID: 5592807.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"255f1c14-453d-4764-8254-695de5fe905f","block_type":"box","text":"Published: 13 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"39f3b360-dac7-4229-9985-5c84409f4224","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"435978b2-1747-437c-b349-c7525a44ba74","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"b608ff85-8811-4f60-a9d3-04b2bcfbfeb5","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"53558558-14f7-43ef-9eae-f92bc79b3c00","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"ea0cadbd-7a6e-493c-b48f-87edd6e1977d","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"9037fff3-8da3-449e-9062-eeca0c9ed323","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"842ca749-fb3f-423e-bcd9-59f8ee337290","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"2c4717a6-20bc-41e8-867f-9f844c9c7610","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"bb6df5c5-a883-476a-a459-67445281dd5f","block_type":"box","text":"Sustainability data is as of the date identified in the report sections","page_number":2,"box":{"x":51,"y":95,"width":393,"height":8}},{"id":"bc9cf9cf-4204-468d-81bb-58aebe6652dc","block_type":"box","text":"above, usually on a month lag. All metrics are reported in USD unless","page_number":2,"box":{"x":51,"y":107,"width":405,"height":9}},{"id":"2863d365-c1c0-47c1-be34-14b7eef851b5","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"984e89ee-5e48-4f04-92a9-b02c98c9c05f","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"6b86c593-7c75-4c3e-adda-f71fa6c6b000","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"fd4d4e5a-5137-493e-b477-0e25d6e44fc0","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"e224a74f-a03f-4de2-b82b-1278a26b1aac","block_type":"box","text":"applicable to Climate Metrics. To review the data treatments and the","page_number":2,"box":{"x":51,"y":186,"width":408,"height":9}},{"id":"7dec413e-8c57-4fda-8f44-9f60a8a8f19d","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"17f6105f-7743-4054-a82b-6f9f9464bb58","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"8919962d-3df2-4a5c-b87d-aceac089e84c","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"67886b94-3007-42cc-b28f-6032ec747e86","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"e26936f6-8d67-4066-a7d4-c9c1e0ce4b27","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"0815b125-0fac-4fbd-8453-7c23e435029a","block_type":"box","text":"is dependent upon the universe covered by SSGA’s","page_number":2,"box":{"x":174,"y":217,"width":303,"height":8}},{"id":"0cab10b2-5298-4542-b653-3da80bb89855","block_type":"box","text":"external providers. For certain markets and types of companies, there","page_number":2,"box":{"x":51,"y":229,"width":413,"height":9}},{"id":"f796a7b8-b3e1-423b-9918-8e2294e18585","block_type":"box","text":"may be significant limitations in the availability of data, or in some cases,","page_number":2,"box":{"x":51,"y":242,"width":425,"height":9}},{"id":"c7ef2cff-9398-4ba8-80a5-b40c090245ba","block_type":"box","text":"no data may be available at all. In such instances, the benchmark index","page_number":2,"box":{"x":51,"y":255,"width":418,"height":9}},{"id":"1d7e4d2b-8cc4-4be5-928b-3b1e6722ec2c","block_type":"box","text":"provider, investment manager, an affiliate of the investment manager or","page_number":2,"box":{"x":51,"y":268,"width":422,"height":9}},{"id":"54e65826-6c44-48e7-9fef-40dbcdc3ae12","block_type":"box","text":"another party may use data from a related entity as a proxy or generate","page_number":2,"box":{"x":51,"y":281,"width":422,"height":8}},{"id":"df98432d-863a-4e17-801f-6f0d9423a354","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"f035d44d-4420-430b-99ac-d7090e53e4ea","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":311,"width":110,"height":7}},{"id":"a01c8348-7534-422f-8f62-ad95df76dc2d","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":311,"width":287,"height":9}},{"id":"aa214223-e569-455b-995a-ae02a0598124","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":324,"width":425,"height":9}},{"id":"d9ee5421-06bc-4784-b4e7-99ec9a936e66","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":337,"width":411,"height":8}},{"id":"390ff8b6-2aa4-4ee4-ae05-4cb9a8b99802","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":350,"width":426,"height":8}},{"id":"ad4623f9-21bd-4c3a-8114-e3bba9b00785","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":362,"width":415,"height":9}},{"id":"00215317-a44e-48b0-8c5a-6c6f411f7ef9","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":375,"width":419,"height":9}},{"id":"a75d41c5-81e4-4f71-8eea-2bdd9849b336","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":388,"width":76,"height":7}},{"id":"fd77fefc-66bf-4137-b1c3-51934a25698e","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":406,"width":158,"height":7}},{"id":"556cfe33-ee3b-49b3-b512-65d554dacf59","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":406,"width":225,"height":8}},{"id":"d11a331d-dbc9-4738-811d-ed32c0286781","block_type":"box","text":"Security with Brown Revenue for the Portfolio.","page_number":2,"box":{"x":51,"y":418,"width":271,"height":9}},{"id":"468e524b-e618-4b37-9627-1622f32135fe","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":176,"height":7}},{"id":"35fedd1b-e823-487f-a2cd-4af3417d560d","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":436,"width":243,"height":9}},{"id":"9cb8970f-0b2c-4719-bfd8-8ca22649f41d","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":448,"width":413,"height":9}},{"id":"024bf06f-f94c-45af-b6f7-60effd7637b1","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":461,"width":241,"height":9}},{"id":"e5aa91f6-182d-41d0-85b8-0a74de55a933","block_type":"box","text":"Green Bonds:","page_number":2,"box":{"x":51,"y":479,"width":86,"height":7}},{"id":"3dd4c06a-91cc-4279-b01b-f142bd3e0c8c","block_type":"box","text":"The Climate Bonds Initiative (CBI) defines green bonds","page_number":2,"box":{"x":140,"y":479,"width":325,"height":9}},{"id":"d64ca455-833e-44aa-aff7-99118c23bb1e","block_type":"box","text":"as debt instruments that finance projects with environmental benefits,","page_number":2,"box":{"x":51,"y":492,"width":415,"height":9}},{"id":"d64149c3-a1bc-4aeb-8145-c168c3e5686f","block_type":"box","text":"and the CBI Green Bond Database uses a methodology to evaluate","page_number":2,"box":{"x":51,"y":505,"width":397,"height":9}},{"id":"a5bfe2ee-89e2-4f64-bd88-b5146b0c3dd2","block_type":"box","text":"and categorize projects as green.","page_number":2,"box":{"x":51,"y":518,"width":196,"height":8}},{"id":"44ba1704-f7e7-45de-aabc-9a892e7051e1","block_type":"box","text":"The CBI’s methodology includes the","page_number":2,"box":{"x":251,"y":518,"width":213,"height":8}},{"id":"a4654adf-9232-4af0-84d9-6023170b55e3","block_type":"box","text":"following criteria:","page_number":2,"box":{"x":50,"y":531,"width":101,"height":8}},{"id":"ac3d36b7-49ba-47ba-a567-df639075e1e6","block_type":"box","text":"Self-labeling:","page_number":2,"box":{"x":91,"y":548,"width":84,"height":9}},{"id":"1f26c8f6-0bf8-4ab1-a46e-2e13e8c7f887","block_type":"box","text":"The issuer must consciously label the instrument","page_number":2,"box":{"x":178,"y":548,"width":291,"height":9}},{"id":"067c28a4-bbaf-430f-9fa3-175a7adaf685","block_type":"box","text":"as a green bond.","page_number":2,"box":{"x":91,"y":561,"width":97,"height":9}},{"id":"ee22a691-5ed2-42ab-8bda-143ff1ba999c","block_type":"box","text":"Public disclosure:","page_number":2,"box":{"x":91,"y":579,"width":112,"height":6}},{"id":"8a20bbca-e834-424b-99e6-2d7cd3ddcd5f","block_type":"box","text":"The issuer must provide sufficient information","page_number":2,"box":{"x":206,"y":579,"width":272,"height":8}},{"id":"bce023ac-f36d-4c37-a4b9-af1995a2dcec","block_type":"box","text":"to determine if the financed assets are green.","page_number":2,"box":{"x":91,"y":591,"width":267,"height":9}},{"id":"06edc997-1c42-49c2-9719-51cc043a63af","block_type":"box","text":"This includes","page_number":2,"box":{"x":362,"y":591,"width":78,"height":7}},{"id":"572e9638-0a3a-4b81-ab6f-57097190d896","block_type":"box","text":"information such as the amount outstanding and closing","page_number":2,"box":{"x":92,"y":604,"width":332,"height":9}},{"id":"a869be2e-2fe1-482f-89b8-9b1748597843","block_type":"box","text":"confirmation.","page_number":2,"box":{"x":91,"y":617,"width":78,"height":7}},{"id":"1913507d-7ae3-4195-9421-f221f5c573eb","block_type":"box","text":"Eligible sectors:","page_number":2,"box":{"x":91,"y":635,"width":100,"height":8}},{"id":"baef327c-d458-4dfe-863b-3b26a8dd3292","block_type":"box","text":"The financed assets must be in eligible sectors,","page_number":2,"box":{"x":195,"y":635,"width":279,"height":8}},{"id":"942308a5-f660-4ba0-a306-096b4110109f","block_type":"box","text":"such as energy efficient products and processes, or non-energy","page_number":2,"box":{"x":91,"y":647,"width":378,"height":9}},{"id":"51cd2bf2-00b8-45f8-8191-d64e9386413d","block_type":"box","text":"GHG reductions.","page_number":2,"box":{"x":91,"y":660,"width":100,"height":7}},{"id":"18295c2e-80ac-4e01-ac7e-1cebed75ad12","block_type":"box","text":"Eligible use of proceeds:","page_number":2,"box":{"x":91,"y":678,"width":154,"height":9}},{"id":"f7835d48-f124-4421-8408-37bedd7a8c58","block_type":"box","text":"The proceeds must be used for eligible","page_number":2,"box":{"x":248,"y":678,"width":230,"height":9}},{"id":"65f44dc4-e7d0-40ab-88fc-bd139808327f","block_type":"box","text":"purposes.","page_number":2,"box":{"x":92,"y":693,"width":57,"height":6}},{"id":"71bdd34b-f447-417e-80b4-908a51e684c5","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":51,"y":708,"width":122,"height":7}},{"id":"d2f69078-fb81-461a-a26a-3c1a557f3fdc","block_type":"box","text":"Market Value of Securities with Green Bonds as a","page_number":2,"box":{"x":177,"y":708,"width":292,"height":7}},{"id":"1f51fd74-f7cf-44d9-b04e-5acf8e7de0b6","block_type":"box","text":"Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":51,"y":721,"width":405,"height":9}},{"id":"275a76ff-4151-40e1-b838-c8f098d023b2","block_type":"box","text":"Green/Fossil Fuel Based Revenue Ratio - MSCI:","page_number":2,"box":{"x":51,"y":738,"width":298,"height":8}},{"id":"93b7e68a-7c67-453c-a3bd-d5e1c7a67a05","block_type":"box","text":"The Sum of Green","page_number":2,"box":{"x":353,"y":739,"width":108,"height":7}},{"id":"9ea4fb1e-bc3b-4679-9136-c6c312d4a5e0","block_type":"box","text":"to Fossil Fuel Based Revenue Ratio on the Portfolio level and the Sum of","page_number":2,"box":{"x":50,"y":751,"width":425,"height":7}},{"id":"f6bafa73-3700-481b-8e36-2f4d9c559fa0","block_type":"box","text":"Green to Fossil Fuel Based Revenue Ratio on the Portfolio level.","page_number":2,"box":{"x":51,"y":764,"width":373,"height":7}},{"id":"70e4508d-a0a1-4551-bf0d-2bec2fd3111d","block_type":"box","text":"Companies with SBTi /Approved Targets – MSCI:","page_number":2,"box":{"x":51,"y":782,"width":311,"height":9}},{"id":"69390e61-f30f-4b0b-b80e-c44a66e2d28f","block_type":"box","text":"The percentage of","page_number":2,"box":{"x":366,"y":782,"width":111,"height":9}},{"id":"67f8fe91-4042-40fd-b3c6-6d70cf90425c","block_type":"box","text":"the fund’s market value exposed to issuers that have carbon emissions","page_number":2,"box":{"x":50,"y":795,"width":419,"height":8}},{"id":"bf51ca86-4f11-4484-afe0-c346ea668c99","block_type":"box","text":"reduction targets approved by the Science Based Targets initiative","page_number":2,"box":{"x":51,"y":807,"width":396,"height":9}},{"id":"c46d9f4c-c2e1-49fb-a383-8e44ffea467c","block_type":"box","text":"(SBTi) on the Portfolio level.","page_number":2,"box":{"x":51,"y":820,"width":166,"height":8}},{"id":"61fff05d-1734-47d6-ad18-9d783acadb6b","block_type":"box","text":"Low Carbon Transition Score – MSCI:","page_number":2,"box":{"x":51,"y":838,"width":237,"height":7}},{"id":"e358afee-0faf-48d1-8274-be2287fa99eb","block_type":"box","text":"Score calculates a company’s","page_number":2,"box":{"x":292,"y":838,"width":177,"height":9}},{"id":"3803c18a-81cf-40b1-aeb4-ebbe31dfd0a5","block_type":"box","text":"climate transition risk by aggregating Scope 1, 2 and 3 emissions,","page_number":2,"box":{"x":51,"y":851,"width":382,"height":8}},{"id":"c5412831-314d-42f4-a2ae-b3830f62a80f","block_type":"box","text":"emissions avoided, and the quality of the company’s climate","page_number":2,"box":{"x":51,"y":864,"width":354,"height":8}},{"id":"96bb8f5e-93a7-4884-bf1f-12ccac1ca05a","block_type":"box","text":"management into a score between 0 (highest risk) and 10 (lowest risk).","page_number":2,"box":{"x":51,"y":876,"width":416,"height":9}},{"id":"74abe69b-30af-4c1f-88eb-69bc13e5d8ac","block_type":"box","text":"Companies with higher Low Carbon Transition score are more aligned","page_number":2,"box":{"x":51,"y":889,"width":414,"height":9}},{"id":"c3609cf2-d447-469c-b555-07308b872119","block_type":"box","text":"with the Low Carbon Transition compared to the companies with lower","page_number":2,"box":{"x":515,"y":95,"width":420,"height":8}},{"id":"6fbf806e-2f18-43ee-94e7-49267853c215","block_type":"box","text":"scores. Score calculated at the Portfolio level.","page_number":2,"box":{"x":515,"y":107,"width":270,"height":7}},{"id":"3659729c-f020-48c5-b034-67dddd3d6c19","block_type":"box","text":"Carbon Footprint:","page_number":2,"box":{"x":515,"y":125,"width":114,"height":9}},{"id":"3b792da5-1e96-43ff-a55f-d7bca355384e","block_type":"box","text":"Scope 1+2+3- (t CO2e/$M EVIC) – MSCI:","page_number":2,"box":{"x":556,"y":142,"width":256,"height":9}},{"id":"53e1afc5-e3d4-4cca-882b-37e1366180f1","block_type":"box","text":"Weighted average","page_number":2,"box":{"x":815,"y":143,"width":108,"height":8}},{"id":"0f3035f0-8abf-4cc2-b174-aa1bc2f3c329","block_type":"box","text":"Scope 1, Scope 2 and Scope 3 carbon emissions intensity","page_number":2,"box":{"x":556,"y":155,"width":340,"height":9}},{"id":"d00f25c5-bf60-4336-9052-31cd219b57c1","block_type":"box","text":"normalized by enterprise value including cash.","page_number":2,"box":{"x":556,"y":168,"width":273,"height":9}},{"id":"ba3f594b-1f15-4d42-a913-5dab5695e0ed","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":186,"width":202,"height":7}},{"id":"36e70dda-cf99-4366-af21-ad12bb29ca9a","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":721,"y":186,"width":203,"height":7}},{"id":"2f867fc1-c2ce-457c-aa94-efad1be166ff","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":515,"y":199,"width":425,"height":8}},{"id":"97204852-5620-4bb6-a0ed-ea903e036d1a","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":516,"y":212,"width":418,"height":8}},{"id":"c76c4dd3-0391-463d-9abe-741edb3f498c","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":516,"y":224,"width":425,"height":9}},{"id":"f7203357-9639-4fb9-942a-bb01c8b1ee0f","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":516,"y":237,"width":432,"height":9}},{"id":"510dafd9-3331-4423-b556-3952c17bb8c5","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":515,"y":250,"width":415,"height":9}},{"id":"d3ec3539-951f-4d43-8ceb-374373c026cc","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":515,"y":263,"width":419,"height":9}},{"id":"2495217e-878d-42a9-b3ee-46f98a583301","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":516,"y":276,"width":398,"height":8}},{"id":"822d8cc0-427d-4012-8f96-16a7249edac9","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio.","page_number":2,"box":{"x":515,"y":288,"width":391,"height":9}},{"id":"bb8faf7b-948c-4247-bb55-fc44e33429bf","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":306,"width":47,"height":9}},{"id":"ad0547ed-02ea-48ea-b474-49cadfb9ab52","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":306,"width":322,"height":7}},{"id":"3ddd8ebf-1789-464c-a204-ba0438aba26f","block_type":"box","text":"owned or controlled by the company. Data","page_number":2,"box":{"x":556,"y":319,"width":251,"height":9}},{"id":"0a2b209e-a74b-4938-b3a1-7a7908e9f6e5","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":336,"width":51,"height":9}},{"id":"a9bae6ea-bc8f-403a-a67a-7e7ce70ea366","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":337,"width":317,"height":6}},{"id":"572e4528-40dd-4687-865b-caf7eca2687a","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":349,"width":388,"height":9}},{"id":"09ae4556-0240-4f7f-a502-0a670a0039c8","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":362,"width":383,"height":7}},{"id":"05192297-cdce-4ff1-9509-86136ff39cce","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":375,"width":391,"height":9}},{"id":"296d1735-d93f-4baa-8dc7-62de51af64a6","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":388,"width":43,"height":7}},{"id":"bb8084f0-d097-4c9c-af77-c2217f03cb4f","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":405,"width":51,"height":9}},{"id":"8a499323-ed30-43f1-8dce-5e4b9f5a47ec","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":405,"width":332,"height":7}},{"id":"25039e02-662a-46ba-ab71-a8dd9cec8d35","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":418,"width":386,"height":9}},{"id":"c86819a2-6275-4492-8e32-4603bebfc4db","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":431,"width":44,"height":7}},{"id":"e81cb2f9-7c9b-483d-a0a0-51b568144aa3","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":515,"y":449,"width":277,"height":8}},{"id":"8a712836-5cb3-4f23-a26a-f8fd8d8d00c8","block_type":"box","text":"Scope 1+2+3 -","page_number":2,"box":{"x":796,"y":449,"width":89,"height":8}},{"id":"6742afb3-9d0f-4551-8b6b-adf26fdf5f29","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":461,"width":422,"height":9}},{"id":"2014263a-8419-4bd6-9fec-7e3d2b33f0e3","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":473,"width":394,"height":10}},{"id":"4682a2b9-5e69-4391-8166-f53875702811","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":487,"width":426,"height":9}},{"id":"6c92ff79-31f9-46a0-a2ef-6c0833c5d8fe","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":500,"width":112,"height":9}},{"id":"3c4199c3-e440-4eea-9a81-0e59fbabbfee","block_type":"box","text":"Please note that the scope 1+2 and scope 1+2+3 values for Total Carbon","page_number":2,"box":{"x":516,"y":517,"width":428,"height":9}},{"id":"5d47e0e3-5b09-45a1-b18a-c81bb5f833fc","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":530,"width":412,"height":9}},{"id":"355a53a4-8240-48d8-b0ff-9ebbb364835d","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":543,"width":274,"height":9}},{"id":"276a40d2-59de-411d-be4a-9c568f80d3ab","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":543,"width":122,"height":9}},{"id":"16d70e57-4887-48b0-a720-3552383dd195","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":556,"width":74,"height":7}},{"id":"f4eedd8d-e275-4e54-a98b-f972063dee28","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":556,"width":318,"height":9}},{"id":"646d1f9e-dc3c-46e8-98dd-60fc1170bd7a","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":569,"width":44,"height":7}},{"id":"9e2518a7-bd57-4eb4-895d-bf607ae23ec3","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":569,"width":335,"height":9}},{"id":"85fdeefe-1332-43f3-b9ae-7d0f6bdb7932","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":582,"width":349,"height":8}},{"id":"b284d2b6-f2a3-4234-93c5-af0d7cadaad0","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":582,"width":40,"height":7}},{"id":"10eada24-e6d2-4850-a2d6-657d48fb0477","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":594,"width":422,"height":9}},{"id":"90f8f736-0c3b-49b5-b82b-da0418f2f59c","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":607,"width":337,"height":9}},{"id":"bf04f6b8-edbd-4c90-ba02-e878367d9adf","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":625,"width":244,"height":8}},{"id":"a19036f0-45e8-4331-96ef-9fc2f8157ec6","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":625,"width":125,"height":7}},{"id":"80827b63-173f-43fd-b954-d8f5535ccc25","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":637,"width":405,"height":9}},{"id":"ff5ac420-c243-4fbf-8ef9-d8baa7b4fcd9","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":650,"width":412,"height":9}},{"id":"eae68ddb-5a24-4e29-a1ca-a3cf0dd5f39f","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":663,"width":419,"height":9}},{"id":"f1b5ad67-2521-4a0b-86b7-dcd67e5dbf12","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":676,"width":424,"height":9}},{"id":"cd3afcb6-b4a0-468f-a870-18cb556aae25","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":689,"width":406,"height":9}},{"id":"cd5b2616-365d-44d6-8251-5e5cf2597419","block_type":"box","text":"temperature to an increase of no more than 1.5°C in the year 2100","page_number":2,"box":{"x":515,"y":702,"width":388,"height":8}},{"id":"073f84b6-14bc-4524-bb9e-7cc3fc780ee5","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":715,"width":433,"height":8}},{"id":"6cf3ad88-e56d-4761-9bca-b04cddd0c3d6","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":727,"width":418,"height":9}},{"id":"fe60a0c8-37d4-445c-9d12-dce2ad58e8f4","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":740,"width":417,"height":9}},{"id":"a58925e7-8bba-46af-b9cb-2ddb39ea29c4","block_type":"box","text":"fair shares by a similar proportion, by 2100 we would end up in a world","page_number":2,"box":{"x":515,"y":753,"width":412,"height":9}},{"id":"d8d5cf14-d7d7-4ba7-bd8b-95be190af735","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":766,"width":411,"height":9}},{"id":"349ded90-057a-4a49-951d-28bac43262a4","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":779,"width":425,"height":9}},{"id":"91e9bc33-d193-4dd9-a9e4-1f28cf72b521","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":792,"width":433,"height":8}},{"id":"d658eee2-b633-4019-b991-2345a76aea4a","block_type":"box","text":"to evolve and mature.","page_number":2,"box":{"x":515,"y":805,"width":127,"height":6}},{"id":"ec11a2d5-4fbc-4b24-b13c-cd24a65acfe4","block_type":"box","text":"Portfolio:","page_number":2,"box":{"x":556,"y":822,"width":58,"height":7}},{"id":"4d5c6d7b-cd66-4cb0-92db-d7dc2a72f223","block_type":"box","text":"Implied Temperature Rise aggregated at the Portfolio","page_number":2,"box":{"x":618,"y":822,"width":315,"height":9}},{"id":"ee13364e-f041-44be-a3cf-21368a0a9890","block_type":"box","text":"Level.","page_number":2,"box":{"x":556,"y":835,"width":34,"height":7}},{"id":"b3285333-a0db-48e7-a1fb-c887412b9954","block_type":"box","text":"Climate Value at Risk- MSCI: (Climate VaR)","page_number":2,"box":{"x":515,"y":852,"width":273,"height":8}},{"id":"59488aac-def5-42f0-a300-42ccb2f1fa9b","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":853,"width":144,"height":6}},{"id":"b7ccb6aa-d674-4b87-af82-4049bede8a46","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":865,"width":426,"height":9}},{"id":"6399139a-7c29-40d6-a895-ef5a1900d426","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":878,"width":431,"height":9}},{"id":"421145c4-e223-474a-8d65-a1bf657968c1","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":891,"width":210,"height":9}},{"id":"daedf9b3-78ee-4acf-8bc6-2d46116e6efa","block_type":"box","text":"click h","page_number":2,"box":{"x":729,"y":891,"width":37,"height":7}},{"id":"7cef8b9d-4040-460c-8edb-b33e4a7757d2","block_type":"box","text":"ere","page_number":2,"box":{"x":767,"y":893,"width":19,"height":5}},{"id":"f3eb0e34-0d0e-4d40-b9e0-0000de5e4c51","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":897,"width":2,"height":1}},{"id":"b4015475-2f52-4a64-be85-5560228bf59b","block_type":"box","text":"Report ID: 5592807.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"9a1acd75-f167-4408-ba19-db8651724779","block_type":"box","text":"Published: 13 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"c72bf977-d81d-495e-bfd0-c986e89f8780","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"635541da-65bf-40ad-9e3d-1c84805b6af1","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"f14ff5a0-de21-4f26-ab1d-7e6bc2a997df","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"d2f96d85-0104-412b-87aa-2f144a86a507","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"152d5979-4fb7-40e2-a2f1-f9fcf48e7e5c","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"2768f494-3ee9-4d0a-bb70-7d1d4def6c19","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"a55eea29-cefa-403a-9810-4b20f1992585","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"da5f79f4-352d-44be-ba95-4518fd0ba194","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"6ba57294-51d6-40d5-b527-416d683cbf44","block_type":"box","text":"State Street Global Advisors (SSGA) is now State Street Investment","page_number":3,"box":{"x":51,"y":92,"width":433,"height":8}},{"id":"1f8a9c19-7e18-4227-89f8-b2d52f7b9000","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"43885288-c058-4c76-bd2c-b35933630b66","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"30d44b11-05d2-468d-9251-c7a8e7e9c3a9","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"6fa96452-5758-4d35-b478-d45c5d456d87","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"424d60fc-1b0d-452c-ae42-927e152f9556","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"d36d4ec4-99b0-471b-8288-9149e07b5f80","block_type":"box","text":"The information presented above is intended to provide transparency","page_number":3,"box":{"x":51,"y":158,"width":413,"height":8}},{"id":"3aa1e22f-246a-4757-a3f3-9a0c460d2213","block_type":"box","text":"to investors around sustainability characteristics of the fund. Presenting","page_number":3,"box":{"x":50,"y":170,"width":427,"height":9}},{"id":"94166c35-8262-47ac-aa66-d60b7d0eb9cd","block_type":"box","text":"this information should not be construed as a representation of the fund’s","page_number":3,"box":{"x":50,"y":183,"width":434,"height":9}},{"id":"9665a7d8-1c6f-4efa-8a31-8772b05e6dc0","block_type":"box","text":"current or future investment objective, nor should it be viewed as an","page_number":3,"box":{"x":51,"y":196,"width":400,"height":9}},{"id":"8d1b080d-fe8e-4bc6-a432-fb6d7572b26a","block_type":"box","text":"indicator of the fund manager’s current or future investment decision","page_number":3,"box":{"x":51,"y":209,"width":413,"height":9}},{"id":"b4e7894e-b47c-4b01-8c2a-5c92d31e796f","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"73af823b-6e3c-4814-992e-a1fc030ca0b0","block_type":"box","text":"Investing involves risk including the risk of loss of principal.","page_number":3,"box":{"x":51,"y":239,"width":345,"height":9}},{"id":"e831b585-41af-4ebb-9c97-8c956fd8fed6","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or","page_number":3,"box":{"x":51,"y":257,"width":405,"height":9}},{"id":"2292a7a6-9cb7-4cf8-90b2-9471824c95a5","block_type":"box","text":"transmitted or any of its contents disclosed to third parties without","page_number":3,"box":{"x":50,"y":270,"width":395,"height":8}},{"id":"8e4be866-c1f2-4bdd-90a6-39ef1363973d","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"f7397118-5039-4eaa-a0bb-835ff704bba1","block_type":"box","text":"All information is from SSGA unless otherwise noted and has been","page_number":3,"box":{"x":51,"y":300,"width":393,"height":7}},{"id":"e0712b7f-bd1d-411f-a7b9-f91ea255bc94","block_type":"box","text":"obtained from sources believed to be reliable, but its accuracy is not","page_number":3,"box":{"x":51,"y":313,"width":403,"height":9}},{"id":"93c3ff75-5119-441e-801b-db83856b0794","block_type":"box","text":"guaranteed. There is no representation or warranty as to the current","page_number":3,"box":{"x":51,"y":326,"width":406,"height":9}},{"id":"cf761039-d132-4a51-9530-ca3fbce693eb","block_type":"box","text":"accuracy, reliability or completeness of, nor liability for, decisions based","page_number":3,"box":{"x":51,"y":339,"width":421,"height":8}},{"id":"115dc361-7c91-407e-8cea-0170c1828f87","block_type":"box","text":"on such information and it should not be relied on as such.","page_number":3,"box":{"x":51,"y":351,"width":341,"height":7}},{"id":"22ffd90f-43e0-4e0b-875a-b8005c6b0dc6","block_type":"box","text":"The information provided does not constitute investment advice as such","page_number":3,"box":{"x":51,"y":369,"width":429,"height":9}},{"id":"50c0bc1e-332e-444e-8f79-b75d2b5ff226","block_type":"box","text":"term is defined under the Markets in Financial Instruments Directive","page_number":3,"box":{"x":50,"y":382,"width":402,"height":7}},{"id":"0d66bda4-19ee-4285-b00b-48c3e8629047","block_type":"box","text":"(2014/65/EU) or applicable Swiss regulation and it should not be relied on","page_number":3,"box":{"x":51,"y":394,"width":433,"height":9}},{"id":"ef2a8629-3aba-4586-8666-8179b8d2c080","block_type":"box","text":"as such. It should not be considered a solicitation to buy or an offer to sell","page_number":3,"box":{"x":51,"y":407,"width":430,"height":9}},{"id":"fee440e9-1cd4-416d-acd8-4a6705222fba","block_type":"box","text":"any investment. It does not take into account any investor’s or potential","page_number":3,"box":{"x":51,"y":420,"width":420,"height":9}},{"id":"2bd19f5e-d15e-4f95-bb59-9c20cac1181b","block_type":"box","text":"investor’s particular investment objectives, strategies, tax status, risk","page_number":3,"box":{"x":51,"y":433,"width":408,"height":9}},{"id":"194e2076-5132-48f9-a646-6fa218b282cd","block_type":"box","text":"appetite or investment horizon. If you require investment advice you","page_number":3,"box":{"x":51,"y":446,"width":401,"height":9}},{"id":"c95db365-96d3-4291-b56b-f0c131c6bc04","block_type":"box","text":"should consult your tax and financial or other professional advisor.","page_number":3,"box":{"x":51,"y":459,"width":391,"height":8}},{"id":"125b8c8e-810f-47ae-9c57-9249321fc82d","block_type":"box","text":"The information contained in this communication is not a research","page_number":3,"box":{"x":51,"y":476,"width":421,"height":7}},{"id":"720a9e01-19df-40ac-b912-ccb33afc51bb","block_type":"box","text":"recommendation or ‘investment research’ and is classified as a","page_number":3,"box":{"x":51,"y":489,"width":400,"height":7}},{"id":"a35e2bcc-f2b5-4062-8f35-585d6a6f0313","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"d905dc4a-e40c-4506-87f6-7fc79e2bf86c","block_type":"box","text":"regional regulation. This means that this marketing communication","page_number":3,"box":{"x":51,"y":515,"width":427,"height":9}},{"id":"6c2a6116-fb99-4a50-8960-5d8962a2ccb0","block_type":"box","text":"(a) has not been prepared in accordance with legal requirements","page_number":3,"box":{"x":51,"y":527,"width":411,"height":9}},{"id":"11cbf92f-b215-466c-9a7a-6034e45b873c","block_type":"box","text":"designed to promote the independence of investment research","page_number":3,"box":{"x":51,"y":540,"width":400,"height":9}},{"id":"e598e672-d39e-4c1b-a2a8-01638e67edb6","block_type":"box","text":"(b) is not subject to any prohibition on dealing ahead of the","page_number":3,"box":{"x":51,"y":553,"width":371,"height":9}},{"id":"318ec26a-8823-4d3e-98e2-4a8c0668b84f","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"4587d47d-d4ba-4610-8fc6-15e9eb7f062f","block_type":"box","text":"This communication is directed at professional clients (this includes","page_number":3,"box":{"x":51,"y":584,"width":402,"height":8}},{"id":"b9ec9de7-2137-4a49-ab1d-614998738110","block_type":"box","text":"eligible counterparties as defined by the appropriate EU regulator)","page_number":3,"box":{"x":51,"y":596,"width":392,"height":9}},{"id":"cd6965f5-fedb-49bd-9066-80305845717b","block_type":"box","text":"who are deemed both knowledgeable and experienced in matters","page_number":3,"box":{"x":50,"y":609,"width":390,"height":9}},{"id":"f84a3634-d9fd-4f5a-888b-9a9157a44243","block_type":"box","text":"relating to investments. The products and services to which this","page_number":3,"box":{"x":51,"y":622,"width":377,"height":9}},{"id":"4082896b-c65c-482e-b700-75b24f98676f","block_type":"box","text":"communication relates are only available to such persons and persons","page_number":3,"box":{"x":51,"y":635,"width":417,"height":9}},{"id":"3e99979d-ad89-4237-9223-bcc1e0681416","block_type":"box","text":"of any other description (including retail clients) should not rely on this","page_number":3,"box":{"x":51,"y":648,"width":414,"height":9}},{"id":"de3f6802-3a33-4367-9d8c-d5f3d1428b03","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"a175798d-e512-4532-b65b-086b067b14df","block_type":"box","text":"Equity securities may fluctuate in value and can decline significantly in","page_number":3,"box":{"x":51,"y":678,"width":414,"height":9}},{"id":"e606a92e-ea31-4ca5-88bd-6e564c547744","block_type":"box","text":"response to the activities of individual companies and general market","page_number":3,"box":{"x":51,"y":691,"width":411,"height":9}},{"id":"f1558adb-9be5-4046-9ac2-4f967b8e80de","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"d1d8004d-46b7-49c8-bbac-6b9c61094d2e","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":721,"width":430,"height":9}},{"id":"3e4b9d48-5717-4222-8ba6-87e5bbc921ec","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":734,"width":420,"height":9}},{"id":"6650ad07-c17b-4a7f-8610-0cefe02652b2","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":747,"width":372,"height":9}},{"id":"60deaf0d-1eef-4950-b38d-03888006ed3f","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":765,"width":414,"height":8}},{"id":"8d1c5c7e-50c7-489b-994c-e0c14afd8c29","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":777,"width":400,"height":9}},{"id":"51fd8247-9d89-400f-a544-f908d59d8ae1","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":790,"width":396,"height":8}},{"id":"21b908c2-c6dd-40d4-a0ae-ce1227df4822","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":803,"width":416,"height":8}},{"id":"e6558df4-2601-462d-bbfc-c54b73637203","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":816,"width":403,"height":9}},{"id":"00811f8d-b2fc-4231-8e9b-3d049354f3f5","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":829,"width":407,"height":8}},{"id":"ca0751ec-cd49-4ba1-b900-6612b633a939","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":842,"width":410,"height":8}},{"id":"f7a7e8ef-dfd3-416b-b250-3d5289d99868","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":51,"y":854,"width":414,"height":9}},{"id":"02d7ec8e-90f7-4943-b30c-00a08b695a9f","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":51,"y":867,"width":428,"height":9}},{"id":"f2d62b35-d479-45f2-89ba-75517c2cf6f0","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":51,"y":880,"width":432,"height":9}},{"id":"49ae381b-7170-4c58-999e-ac30b1b0ff43","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":51,"y":893,"width":421,"height":9}},{"id":"a78fe0ca-dc67-4060-99fb-6c09b9b39be2","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":51,"y":906,"width":430,"height":8}},{"id":"eda5b5d7-2f9c-4ba0-a9be-b1d2bfb40fa3","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"6bec5b91-017b-4bae-af3c-7015d93ed314","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":92,"width":416,"height":9}},{"id":"48e57dd3-26b7-4220-91b4-13fb3d619e15","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":105,"width":415,"height":8}},{"id":"2decb1d6-df5c-48b0-bd24-9270a13fd329","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":118,"width":422,"height":8}},{"id":"368d3755-8c32-4d53-978c-f72db502d732","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":130,"width":307,"height":9}},{"id":"d681923e-0001-4e67-bd64-fccc53f5f1a7","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"6f180a54-6306-40cc-b0dd-9dce7005cbd0","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"901b95d6-5902-42fb-80f1-4d2787460ff1","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":143,"width":292,"height":9}},{"id":"6d0e6226-c23d-49d7-8a34-774f9de66101","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"70c3192e-13ab-4450-81bf-e12794b2d641","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":156,"width":421,"height":9}},{"id":"bdb383b1-db7f-4bee-8cce-05f753f1c939","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":169,"width":390,"height":9}},{"id":"d07b834c-a172-4513-92d8-74ee28594295","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"9b8b8498-e377-4354-a941-b9472e34d42c","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":187,"width":418,"height":8}},{"id":"105197df-e02e-4f68-9adc-7fb808451741","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":199,"width":431,"height":9}},{"id":"e0a07b81-76e8-4acc-8d1e-cf318c902a31","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":212,"width":354,"height":9}},{"id":"d7d758c5-9f2a-482a-bc8b-2fcf15d67660","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":230,"width":403,"height":8}},{"id":"450c8b66-4e60-4db3-b679-bd07956553a7","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":243,"width":411,"height":8}},{"id":"5f8f3b61-5beb-4039-95fd-3f6dd1334348","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors","page_number":3,"box":{"x":515,"y":255,"width":379,"height":9}},{"id":"9f1915b8-38b5-48b0-bb8d-ac1ffa16cc68","block_type":"box","text":"are encouraged to review the fund’s prospectus and KIID for more","page_number":3,"box":{"x":516,"y":268,"width":389,"height":9}},{"id":"7461e1af-7afa-4c70-9740-addc4a3da947","block_type":"box","text":"information regarding the fund and where applicable, the fund’s SFDR","page_number":3,"box":{"x":516,"y":281,"width":411,"height":9}},{"id":"63c2cd2f-797a-493c-ac59-238261cbdc52","block_type":"box","text":"category.","page_number":3,"box":{"x":516,"y":295,"width":54,"height":8}},{"id":"d75761ec-9878-4063-b318-c4966c982d02","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":311,"width":408,"height":9}},{"id":"386f7ab1-4faf-4f48-8efd-2fa61c9df1b0","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":324,"width":416,"height":9}},{"id":"29873d35-9d86-4b66-8787-b585d8c3bbe7","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":337,"width":382,"height":9}},{"id":"300ee878-f9f2-41dc-9530-4472bcfe4ffe","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":350,"width":397,"height":9}},{"id":"2538d2e3-2d47-469c-9685-99b7fafce9db","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"676fbea8-fbcd-47aa-8b77-4fa5dcc0e0f0","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":380,"width":398,"height":9}},{"id":"9e48d583-b78f-4d6d-90a5-b1ef698751c8","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":393,"width":407,"height":9}},{"id":"86b8965b-fca6-4d84-b480-b3097999b293","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":406,"width":427,"height":9}},{"id":"0b6a07a6-e5f6-45cc-9d00-4892c9174a70","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":419,"width":403,"height":7}},{"id":"94ad3ff5-e598-40d2-acff-aceac390414a","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":432,"width":393,"height":8}},{"id":"b706fb3e-b7dc-475b-8558-0fb0dfafeded","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"f2e1d4e7-5607-4eb4-8615-026366b04a35","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":462,"width":389,"height":9}},{"id":"6ab70490-321c-4b9a-b2e8-328ea2820da2","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":475,"width":379,"height":9}},{"id":"10b51a75-11ab-4e99-be09-064bc00d90c0","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":488,"width":360,"height":8}},{"id":"987ffe2a-c3a5-48c8-aeb9-e0ad03c51917","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":505,"width":419,"height":8}},{"id":"59220121-b909-4d7a-8924-8fd403a9ff3a","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":518,"width":431,"height":9}},{"id":"ce92f94a-a038-4659-8201-5af523f7c702","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":531,"width":428,"height":9}},{"id":"cd15aa25-542d-4e87-b91d-0920e4adf140","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":544,"width":427,"height":9}},{"id":"d9da2dbd-617a-4d70-89f7-5683ee5923d0","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":557,"width":411,"height":8}},{"id":"20e69e70-7be9-4c26-9187-973358efde34","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":570,"width":395,"height":8}},{"id":"c80ae79a-4a31-440e-9335-c67891a7066c","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":582,"width":411,"height":9}},{"id":"690b5adc-3410-4468-8563-00e9efb789d5","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":595,"width":396,"height":9}},{"id":"968dd34f-4c53-4268-8b62-b1973a5ee151","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":608,"width":433,"height":9}},{"id":"629db126-3fc1-4524-808c-3dbc2a4af261","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":621,"width":420,"height":9}},{"id":"0b2e0bd4-0662-4f76-9132-fa63968befe4","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":634,"width":422,"height":8}},{"id":"4be727b4-3cfe-44d1-8976-f4559196858c","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":646,"width":392,"height":9}},{"id":"ecf3a551-45a1-45e7-9f2b-78b1bdab8c9d","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":659,"width":407,"height":7}},{"id":"d814837d-7eed-4764-801b-a61b010abb1d","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":672,"width":413,"height":7}},{"id":"1416d306-8581-4f3c-85e0-7af0d431fc8a","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":685,"width":412,"height":9}},{"id":"189fcfc2-efd4-4235-8d6c-b69e2535bf6c","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":698,"width":431,"height":8}},{"id":"3424568a-3eaa-4d18-a71b-f462e0dabcf4","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":711,"width":398,"height":8}},{"id":"a8e28626-4473-4477-89fb-ad17faa66413","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":723,"width":403,"height":9}},{"id":"dd716b8d-4038-453a-b2f7-f9246602d8f9","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":736,"width":401,"height":9}},{"id":"f6324df4-5e54-48e5-be50-68e373aed784","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":749,"width":418,"height":9}},{"id":"5818486f-3d48-47b2-a4c9-ce44374c2af0","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":762,"width":428,"height":8}},{"id":"5b0f830b-84de-4303-b1f2-24cf3da63f97","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":775,"width":405,"height":8}},{"id":"68196cf3-bd57-4bda-95ed-8f7055caf8fb","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":787,"width":426,"height":9}},{"id":"b0eb71e8-2a60-4838-869b-e956fa17f1aa","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"d89f1f68-192f-463a-927d-3580259a6e02","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":818,"width":429,"height":9}},{"id":"c336aeb4-be4b-4744-bf97-45f2c6395e29","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":831,"width":428,"height":9}},{"id":"7239715c-3d0f-4072-bd39-2151a660a879","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":844,"width":415,"height":8}},{"id":"41d542f0-f5e6-4984-9b0b-1072573d1e2c","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":3,"box":{"x":515,"y":856,"width":389,"height":9}},{"id":"ab99f150-2208-4d03-a176-fe2d4d266578","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":3,"box":{"x":516,"y":869,"width":432,"height":9}},{"id":"e4d694e1-c6fc-473e-b7dd-958ac335b385","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"079163ff-6f87-4a0f-911a-94442f8d21a3","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":3,"box":{"x":516,"y":904,"width":360,"height":9}},{"id":"a3b0c661-10fd-4aa7-beec-09e19f4a0b37","block_type":"box","text":"Report ID: 5592807.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"4ec33efa-f71f-4a31-8462-123e71d8e75e","block_type":"box","text":"Published: 13 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"9f4b39b6-59c7-4e73-b128-76b29fbf8e22","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"38081b42-785f-456c-bea5-05e4d313a2f1","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"70b3d434-32e4-4a8a-9325-cc172791d094","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"4d6c74e3-2dfd-4bd2-b167-d7fe722368ac","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"01d6ab49-9dfc-41b2-8605-258e276a7ac0","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"cea6d19a-57a7-4d1b-9313-8c105af9c8eb","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"b2099193-28e3-4430-b833-e34ffd54aa7a","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"89b5631e-3acd-40ea-b93a-5ec271d0dd26","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":50,"y":35,"width":404,"height":9}},{"id":"4f94f0bf-b1c8-4fdd-997e-b0a5fa9e493d","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":51,"y":48,"width":119,"height":8}},{"id":"83cff665-5089-425d-8552-ce694710602f","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":65,"width":433,"height":9}},{"id":"f9de203d-9875-49ba-a68f-fc0ae58d906a","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":78,"width":418,"height":9}},{"id":"ab607c60-5286-4f97-81b4-194981c9b351","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":91,"width":398,"height":9}},{"id":"011da2d7-f64f-4de4-877b-159c7575462f","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":104,"width":413,"height":9}},{"id":"0e99fbed-57ba-4b5e-a698-8ccb3497237b","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":117,"width":292,"height":7}},{"id":"62c3b467-a47b-43c3-8596-fd389d7fef6c","block_type":"box","text":"www.ssg","page_number":4,"box":{"x":346,"y":119,"width":51,"height":6}},{"id":"295c9bdb-b1d1-479f-9f71-93f959dec6bd","block_type":"box","text":"a.com","page_number":4,"box":{"x":397,"y":119,"width":36,"height":5}},{"id":"b86f67b2-c794-4f10-b115-c097b2fbc38e","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":134,"width":387,"height":7}},{"id":"6c81b975-9890-4744-8cb1-37f65bba63e3","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":147,"width":47,"height":8}},{"id":"a15c8ef1-aa20-4dbd-a1ca-4703f02d2ba4","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":165,"width":385,"height":8}},{"id":"2239968f-3be9-4bb4-ac40-60a24afba4cb","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":177,"width":403,"height":9}},{"id":"0cfc76a2-6daf-48b4-b0a5-82525bf349e7","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":190,"width":401,"height":9}},{"id":"43bdf9eb-6c1d-4604-b27c-e82322339d10","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":203,"width":412,"height":9}},{"id":"5e197811-6765-41aa-bf2f-054211599513","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":216,"width":221,"height":9}},{"id":"c9f416ee-4a2e-44cb-8164-4515252c8326","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":234,"width":413,"height":8}},{"id":"f366cec1-86c3-4c5f-80f6-7ee7a6c96e78","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":247,"width":415,"height":8}},{"id":"6b5f91fa-ac80-481d-80cc-14259e024bb2","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":259,"width":427,"height":9}},{"id":"3e8a1350-1316-49e6-91a9-6e6e7a1f2ffc","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":272,"width":394,"height":9}},{"id":"7f207658-e453-401f-a397-a51873e73519","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":285,"width":426,"height":9}},{"id":"61d82c49-16e6-4988-88c6-234967f25c75","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":298,"width":369,"height":7}},{"id":"5090f740-6018-4f15-a4cb-d175174f5185","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":311,"width":408,"height":8}},{"id":"7e89356e-5ee6-4e34-87db-e9e03eaee018","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":323,"width":413,"height":9}},{"id":"5965f2ca-d492-4b6e-997c-58406c551877","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":336,"width":426,"height":9}},{"id":"a3736323-35d6-48bd-9493-1edb479a3e61","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":349,"width":277,"height":7}},{"id":"eb2b55d4-b6e5-4df7-9498-28237ea1fc37","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":367,"width":410,"height":8}},{"id":"50126f43-d433-44af-90a6-1351c8c6696a","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":380,"width":415,"height":8}},{"id":"c2cb3530-1716-43e8-97bd-003958337ee3","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":515,"y":35,"width":414,"height":9}},{"id":"e8c0413f-dfee-4cce-8987-0aa234a235a3","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":515,"y":48,"width":411,"height":8}},{"id":"42f0212b-b173-424b-aed1-2eefe3b422f7","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":515,"y":60,"width":421,"height":9}},{"id":"14e8eb80-ace8-4ecd-969c-6b287c27b1bd","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":73,"width":238,"height":7}},{"id":"5636fb68-ff8d-4d93-a518-ea66ace76a2c","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":91,"width":408,"height":7}},{"id":"58910f93-38b3-4c18-94a7-6b7e0a3cfac8","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":104,"width":413,"height":9}},{"id":"11fe04e0-b700-431e-b3fb-c27120324cb7","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":117,"width":397,"height":8}},{"id":"34b0335c-32a3-4386-a934-0120d28506fe","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":129,"width":391,"height":9}},{"id":"ad3e3821-0c10-4096-8dc1-d27c62064b8d","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":142,"width":428,"height":9}},{"id":"4129b665-27a4-47db-991f-07e8a82d6997","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":155,"width":420,"height":9}},{"id":"adebc239-029b-44cb-adc1-7a2c9d35128d","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":168,"width":360,"height":9}},{"id":"7f6c25f6-d82a-4f8d-a3dc-64814ca38760","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":181,"width":374,"height":8}},{"id":"2790a5cf-1ae0-4a0c-a142-ca562267c3ba","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":198,"width":419,"height":9}},{"id":"6a0032f3-fe21-43c7-beee-2b07a38c1304","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":211,"width":404,"height":9}},{"id":"aa206d12-fc23-4e59-96d6-f40e6a67d7c1","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":224,"width":401,"height":9}},{"id":"4833360a-b4f4-4d45-a3ab-1d7b96f14b8d","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":237,"width":392,"height":9}},{"id":"1f28d55e-0a04-4dc2-804a-50070a1f81dc","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":250,"width":103,"height":7}},{"id":"32976b7e-e288-4d50-b457-42658ffa89f0","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":267,"width":417,"height":9}},{"id":"d570db47-be9c-4ceb-8380-c7d237bb3c4f","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":280,"width":393,"height":9}},{"id":"5b65e2a1-b690-4c31-9c9e-11af229fd1af","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":293,"width":411,"height":9}},{"id":"8d4fffcc-2a8d-4551-b898-ddfd94778af8","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":306,"width":266,"height":8}},{"id":"29a6e1d2-0ee1-4979-8b51-925fabdcc078","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":331,"width":326,"height":9}},{"id":"89c87d27-5544-46b7-8486-d077f4e5a73d","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":344,"width":236,"height":9}},{"id":"0013f6e3-c40c-4560-883a-c836817eae20","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":357,"width":169,"height":9}},{"id":"34e78318-19a2-4e30-a61d-d0a99e733707","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":370,"width":259,"height":7}},{"id":"43273211-2be3-41f6-a7f8-1074e5671073","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":370,"width":23,"height":7}},{"id":"37096983-76f8-4e1e-a11a-75aa5a077d31","block_type":"box","text":"Report ID: 5592807.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"6f2d4bfb-a02d-4bcd-a2e2-8aedc28a4a42","block_type":"box","text":"Published: 13 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"ea2bb05a-5b82-4eb1-9bb8-43838600196d","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"6e2d3f6e-ab37-4fe0-8fe9-1f426789ffa3","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"1185e4d2-0b41-426e-8b1e-54232d2803be","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"1144036e-4c07-4132-b192-c336bc556d56","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"54f33a9a-512f-4bb7-af47-8b82767097e0","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"0e242b01-30b1-4fb5-9c77-488c7980ce5f","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"4e868e79-9318-46b3-8f7d-6df1e5d84cd9","block_type":"box","text":"4","page_number":4,"box":{"x":943,"y":968,"width":7,"height":6}}],"unit":"per_mille","page_width":595,"page_height":[{"value":841,"pages":[1]},{"value":842,"pages":[2,3,4]}],"attributes":{"chunk_type":"page_range","start_page":1,"end_page":4}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"a6d75e8a-d6d5-4d41-9147-5784e67e0d5a"},"user_id":1000002,"date_created":"2026-10-05T21:01:19.512000Z","date_modified":"2026-10-05T21:01:19.512000Z","private":false}