{"annotation_id":"054c40bd-75cb-4d04-899f-6c8f56a282ae","file_hash":"110a09a7f53aca7f79b367c7e55a86854f24bd586cd784db3323ab3c63e3ce10","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"effd2652-1b40-46ac-b214-e3fe65c3f0ce","block_type":"box","text":"State Street Global High Yield Bond","page_number":1,"box":{"x":51,"y":71,"width":614,"height":23}},{"id":"54ef130a-73a1-4286-909b-95ae9723bd11","block_type":"box","text":"Screened Index Fund - I","page_number":1,"box":{"x":51,"y":105,"width":399,"height":19}},{"id":"acf18db5-ec61-4a2f-a1e7-8f7c70312747","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"87ab60dd-c2fd-425c-a3f2-86141ff6e4d6","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"78f6d85e-17de-46eb-b7ee-1898f5fd8c70","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"02b0e5c7-1d89-4140-a9cc-e9068a6bf521","block_type":"box","text":"LU2287755339","page_number":1,"box":{"x":754,"y":107,"width":81,"height":6}},{"id":"32c6ceff-d98c-455f-81fd-863ae4e9075e","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"6031b297-b252-4ca5-8469-7147bc654f1c","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"27b5a92e-6c80-4353-988a-b9cc89c5301e","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI, Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":221,"width":878,"height":7}},{"id":"3aa8044c-97f6-4e8f-a2ab-8f47e363e919","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":235,"width":875,"height":7}},{"id":"ebc8ea3d-410e-4b09-a389-ddc403ee672f","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":245,"width":481,"height":8}},{"id":"e51da676-b4b3-4a2b-b641-0894eef3493d","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"713106a6-c758-495d-9c42-7dad178b6a00","block_type":"box","text":"Companies with SBTi","page_number":1,"box":{"x":50,"y":290,"width":164,"height":10}},{"id":"c1b34118-afba-456e-b8c4-2f093c4ce4c1","block_type":"box","text":"Approved Targets","page_number":1,"box":{"x":50,"y":305,"width":138,"height":10}},{"id":"1a10f049-5271-47b0-ad62-3375be94d80c","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":291,"width":146,"height":8}},{"id":"16f26eec-6ee7-49b4-9f19-de82d7f0a572","block_type":"box","text":"22.26%","page_number":1,"box":{"x":105,"y":329,"width":60,"height":8}},{"id":"290a1e43-d4b6-4717-b3b4-60566a7eb104","block_type":"box","text":"2.00","page_number":1,"box":{"x":338,"y":329,"width":40,"height":8}},{"id":"327b5cb4-42e1-4bdb-a9ea-d50064150b06","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":345,"width":111,"height":6}},{"id":"12daaf93-0264-42eb-b8e5-8e2e48431502","block_type":"box","text":"Green/Fossil Fuel","page_number":1,"box":{"x":50,"y":376,"width":134,"height":9}},{"id":"fb8015ee-f487-4f43-b1f4-1ce292199aae","block_type":"box","text":"Based Revenue Ratio","page_number":1,"box":{"x":51,"y":391,"width":157,"height":8}},{"id":"4697401d-59a0-47b7-8e05-7491a41dedc7","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":284,"y":377,"width":96,"height":8}},{"id":"dcc68e54-944f-4ada-8a51-6242145fc29b","block_type":"box","text":"0.28","page_number":1,"box":{"x":104,"y":415,"width":40,"height":8}},{"id":"9a6537e5-d9bd-413e-9c35-2370261b26b2","block_type":"box","text":"3.72%","page_number":1,"box":{"x":338,"y":415,"width":51,"height":8}},{"id":"f86537d2-6897-4775-812a-60a664e3d331","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":51,"y":463,"width":125,"height":8}},{"id":"cde2dce6-8a1c-4708-aea6-0f0827268b26","block_type":"box","text":"Low Carbon Transition","page_number":1,"box":{"x":284,"y":462,"width":175,"height":8}},{"id":"93b3583a-bf35-4d42-8f68-8579e6d84867","block_type":"box","text":"Score","page_number":1,"box":{"x":284,"y":477,"width":43,"height":8}},{"id":"9ee1e90a-07b6-4b7a-b279-9d82345d322c","block_type":"box","text":"13.64%","page_number":1,"box":{"x":105,"y":501,"width":60,"height":7}},{"id":"4d06554d-e90c-4810-9634-c30ce9921609","block_type":"box","text":"5.46","page_number":1,"box":{"x":338,"y":501,"width":40,"height":7}},{"id":"d55782fb-1573-4d82-8915-ac624dc35a6c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":530,"width":93,"height":7}},{"id":"8cdc2102-ad93-4da1-b7a9-61a86b3d89a9","block_type":"box","text":"76.07%","page_number":1,"box":{"x":182,"y":531,"width":46,"height":6}},{"id":"4b3bc3c7-5632-4ed8-81da-c88ca9e27e57","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":530,"width":93,"height":7}},{"id":"e15cc311-6095-447d-99f8-5d55d94d527d","block_type":"box","text":"72.22%","page_number":1,"box":{"x":416,"y":531,"width":45,"height":6}},{"id":"5a607dc1-225b-4b0b-bce1-17afb0260732","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":562,"width":162,"height":10}},{"id":"ca799b69-8fd9-435f-96b4-bcfe553457d6","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":577,"width":64,"height":9}},{"id":"63816c42-7fb8-4c8b-8657-5a749b502285","block_type":"box","text":"3.57","page_number":1,"box":{"x":104,"y":600,"width":40,"height":8}},{"id":"b23816ef-214b-4f11-b2bf-f4084355bf9e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":629,"width":93,"height":8}},{"id":"1a38dc6e-57a3-4069-8a94-c025f296bb17","block_type":"box","text":"63.84%","page_number":1,"box":{"x":182,"y":631,"width":46,"height":5}},{"id":"06d7c95e-7838-4fb8-baf8-fd8cbf289d91","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":661,"width":133,"height":10}},{"id":"9264cd90-dd9a-489b-bfd1-40fd8e23e9c7","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":664,"width":76,"height":5}},{"id":"088bc486-1df5-4028-b08d-850d5bac3119","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":680,"width":41,"height":6}},{"id":"5829593b-761e-458d-805c-0dca70f66448","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":680,"width":93,"height":7}},{"id":"2325cb6b-ea82-4837-8521-f82526f13a45","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":694,"width":37,"height":7}},{"id":"bfb23690-a05c-4def-9c28-e3c0d5a6125c","block_type":"box","text":"108.36","page_number":1,"box":{"x":314,"y":695,"width":45,"height":6}},{"id":"2966d433-3a58-49b2-848f-f459d3b550d7","block_type":"box","text":"75.83%","page_number":1,"box":{"x":438,"y":695,"width":45,"height":6}},{"id":"e872a0ae-9260-4b81-87b8-b1a151101e5a","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":710,"width":41,"height":8}},{"id":"ced60aa8-c052-4907-8e4f-55bd0432a31a","block_type":"box","text":"22.55","page_number":1,"box":{"x":322,"y":712,"width":37,"height":5}},{"id":"445b2f82-cf90-4891-9a3f-1c760e862810","block_type":"box","text":"75.83%","page_number":1,"box":{"x":438,"y":712,"width":45,"height":5}},{"id":"03d65ce4-de23-4f84-9031-a139c158b8a5","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":727,"width":41,"height":7}},{"id":"6011d251-b9d1-4aa5-a39e-acfc5c6918e5","block_type":"box","text":"770.58","page_number":1,"box":{"x":314,"y":728,"width":45,"height":6}},{"id":"51f8cff1-2854-482b-9d1b-44de50a6c117","block_type":"box","text":"75.11%","page_number":1,"box":{"x":438,"y":728,"width":45,"height":6}},{"id":"89f8a21e-2818-4a92-937b-877cefb429c6","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":744,"width":52,"height":7}},{"id":"e7dd3cf8-7bf3-4e8c-b8ca-8ed4870c8e8c","block_type":"box","text":"130.91","page_number":1,"box":{"x":314,"y":745,"width":45,"height":6}},{"id":"1e09197f-d04a-4210-9a9a-18596af5b686","block_type":"box","text":"75.83%","page_number":1,"box":{"x":438,"y":745,"width":45,"height":6}},{"id":"b9f2c7e9-9c1c-449b-a3fe-76a064be8b58","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":760,"width":66,"height":8}},{"id":"701ed3a8-bdb6-4044-abc4-74483f2ff45f","block_type":"box","text":"918.90","page_number":1,"box":{"x":314,"y":762,"width":45,"height":5}},{"id":"dc1e4712-972f-478b-b409-0f30fae21272","block_type":"box","text":"71.90%","page_number":1,"box":{"x":438,"y":762,"width":45,"height":5}},{"id":"7313b2aa-6c2a-47ad-aa3f-d69614b85ed8","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"b6c3ee21-fc8e-4f03-8a5a-2cd6cb5c343c","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"89323af1-732d-4b9d-9f47-9cbd709f5dc0","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"cc629ba9-3c24-4dd6-9da6-2fa2f8d26693","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"7fc41e24-413e-482c-ba53-41c9eac5c04e","block_type":"box","text":"106,708.52","page_number":1,"box":{"x":765,"y":330,"width":75,"height":7}},{"id":"3c0d0287-55b8-484a-9349-e47e480aae36","block_type":"box","text":"75.83%","page_number":1,"box":{"x":903,"y":330,"width":45,"height":6}},{"id":"691b35df-aca4-4257-981d-0d3dc856aed9","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"97482bc4-9373-4e12-888a-f1b1762a1a24","block_type":"box","text":"22,205.41","page_number":1,"box":{"x":772,"y":347,"width":69,"height":7}},{"id":"dff1d49d-3afe-4cc3-9994-c05ad5fc37f0","block_type":"box","text":"75.83%","page_number":1,"box":{"x":903,"y":347,"width":45,"height":6}},{"id":"6a51998d-80ba-4898-b6d5-c433ab64b84c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"031ba2ae-4564-4293-b8cb-4d9c7f4f3ac5","block_type":"box","text":"751,696.30","page_number":1,"box":{"x":764,"y":363,"width":77,"height":8}},{"id":"c9dd888a-e3c4-480f-abe0-4978524dbf6a","block_type":"box","text":"75.11%","page_number":1,"box":{"x":903,"y":363,"width":45,"height":6}},{"id":"6e7106a2-2eaf-4f0b-b475-5c886d84bcea","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"a617ea29-1480-4b7c-a9a6-b84c0134d974","block_type":"box","text":"128,913.74","page_number":1,"box":{"x":765,"y":380,"width":76,"height":7}},{"id":"07f8512e-9b89-41c0-86bf-2720c1608df8","block_type":"box","text":"75.83%","page_number":1,"box":{"x":903,"y":380,"width":45,"height":6}},{"id":"5bb58a27-3e7f-4431-aa76-9be59d2a02c2","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"2e92adc5-e2c2-4a95-8a78-3ddddebffbe7","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"ce81aaec-5ade-43d0-b7ef-b61f48accc40","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"40ff6a9a-685d-42ff-b87b-771750866913","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"0c214864-1f54-4dba-8d55-7a2d6fd51eef","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"7dcd1166-478e-4ca1-bfe4-f204cf51f160","block_type":"box","text":"184.88","page_number":1,"box":{"x":796,"y":461,"width":45,"height":6}},{"id":"cff80f02-cedb-4b49-a2be-4a927d00ccf1","block_type":"box","text":"75.79%","page_number":1,"box":{"x":903,"y":461,"width":45,"height":6}},{"id":"a524927c-b67b-4357-9b6b-41044de44c4b","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"490b499d-8a94-426f-a023-066eaf045997","block_type":"box","text":"38.04","page_number":1,"box":{"x":803,"y":478,"width":38,"height":6}},{"id":"2aa8fba1-c19a-4f2e-b9d4-90b27e0aac86","block_type":"box","text":"75.79%","page_number":1,"box":{"x":903,"y":478,"width":45,"height":6}},{"id":"b5c7f6bd-cb82-4ed7-82cc-a44af13688ef","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"5c4b9a3a-fac9-478b-8717-c5c0559b0dcc","block_type":"box","text":"1,113.31","page_number":1,"box":{"x":780,"y":495,"width":61,"height":7}},{"id":"73a2f212-31de-4887-a9dc-e3fbb6e23430","block_type":"box","text":"75.38%","page_number":1,"box":{"x":903,"y":495,"width":45,"height":5}},{"id":"e8050e11-b2b9-4ad3-b37f-85c91d1dc57c","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"33209296-4a10-4c5f-97cd-e0359832181d","block_type":"box","text":"222.36","page_number":1,"box":{"x":796,"y":511,"width":45,"height":6}},{"id":"f8582c8f-9f83-44d0-8af4-bec06aec1c79","block_type":"box","text":"76.07%","page_number":1,"box":{"x":903,"y":511,"width":45,"height":6}},{"id":"77f2239d-e0fe-4d09-a682-1046a2cd27dd","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"ac80bee7-a34c-4df3-815b-16a69e974a94","block_type":"box","text":"1,331.83","page_number":1,"box":{"x":780,"y":528,"width":60,"height":7}},{"id":"de1184ef-52c1-4bbb-8b8f-d91136a14c72","block_type":"box","text":"74.19%","page_number":1,"box":{"x":903,"y":528,"width":45,"height":6}},{"id":"5bfe7028-ca59-42a5-a81e-b91a7a1f7cea","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"e114f58f-9b9a-4c6f-a08d-d3335389b45b","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"df94edf5-5ac4-4c08-add7-191433d58a71","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"942a2d32-3a72-4ac9-849e-bdfe7731815b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"bbfe20e8-b3b1-47e2-af26-e092be78b59b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"a0a0521e-a780-4559-beda-29e733f21890","block_type":"box","text":"-27.60%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"d682bf87-bd71-41b9-ad20-d3cfebe96b97","block_type":"box","text":"64.25%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"3e6a9a44-250b-4f98-ac66-982e8238b4b4","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":625,"width":134,"height":8}},{"id":"9991a8f8-41b3-43cc-a2c1-781a8dcc74cf","block_type":"box","text":"-11.59%","page_number":1,"box":{"x":789,"y":626,"width":52,"height":6}},{"id":"c3fb8e62-be49-45eb-b1e6-2c302646e9b7","block_type":"box","text":"64.25%","page_number":1,"box":{"x":903,"y":626,"width":45,"height":6}},{"id":"8ebb8a30-62a3-46f4-81c9-8817dbbf3fc4","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":642,"width":79,"height":6}},{"id":"a1489364-7366-4ced-8c16-2c34fea95b8c","block_type":"box","text":"-9.11%","page_number":1,"box":{"x":797,"y":643,"width":44,"height":6}},{"id":"e0caca2c-b75c-4f7d-abf4-ff78c3838f1d","block_type":"box","text":"64.25%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"c9a3ac0c-1f38-432a-856e-803ce6685cde","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":658,"width":164,"height":8}},{"id":"3ef36170-05d1-4c55-a3c4-df6fed7bf0e1","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"ac3743c7-fd60-4471-9fbf-58adc9387a39","block_type":"box","text":"2.68%","page_number":1,"box":{"x":803,"y":676,"width":38,"height":6}},{"id":"a9ac1cc9-0883-4234-b3c8-5021d8421a8a","block_type":"box","text":"45.97%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"cbcf2ed1-6935-41a3-9add-4e4f9012a900","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":692,"width":134,"height":7}},{"id":"05635218-46ee-491a-9fc3-a83d2e7c5d35","block_type":"box","text":"0.69%","page_number":1,"box":{"x":803,"y":693,"width":38,"height":6}},{"id":"2a12c766-8007-4e4f-89b1-aef7ab1ccae1","block_type":"box","text":"45.97%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"effbde24-7178-4d8d-82ac-e75179d69c85","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":708,"width":79,"height":7}},{"id":"125c0768-39ef-40c2-9938-43759f78972e","block_type":"box","text":"0.85%","page_number":1,"box":{"x":803,"y":710,"width":38,"height":5}},{"id":"b2b3df8f-85b9-4bc8-9ea8-ceda8d0ce162","block_type":"box","text":"45.97%","page_number":1,"box":{"x":903,"y":710,"width":45,"height":5}},{"id":"c02b042a-5257-4cff-9de7-f0a0d993f48c","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":725,"width":95,"height":7}},{"id":"ce8837a1-2682-4700-b087-5335e7d604d9","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":742,"width":127,"height":7}},{"id":"e525c0e0-54b1-4dc5-8d2b-6bbe178c82c6","block_type":"box","text":"-0.71%","page_number":1,"box":{"x":797,"y":743,"width":44,"height":6}},{"id":"515efea2-24f8-4b44-a9a9-004c13ad20d4","block_type":"box","text":"62.36%","page_number":1,"box":{"x":903,"y":743,"width":45,"height":6}},{"id":"f46295e0-9350-4cc9-81cc-7cae1c7dd16e","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":758,"width":134,"height":8}},{"id":"ed5c7dae-9744-4962-9676-968b09eb9bc4","block_type":"box","text":"-1.49%","page_number":1,"box":{"x":797,"y":759,"width":44,"height":6}},{"id":"49e2e85e-766c-484f-93b0-fa6e6bc495d7","block_type":"box","text":"62.36%","page_number":1,"box":{"x":903,"y":759,"width":45,"height":6}},{"id":"4d5285ea-16cd-4ceb-a720-d06d779c49cc","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":775,"width":79,"height":6}},{"id":"831351c7-ef4f-4c64-91f5-291fd88294c1","block_type":"box","text":"-2.21%","page_number":1,"box":{"x":797,"y":776,"width":44,"height":6}},{"id":"35190d07-f24c-420b-9c15-74c0c9ea89f6","block_type":"box","text":"62.36%","page_number":1,"box":{"x":903,"y":776,"width":45,"height":6}},{"id":"39ab2ec0-140f-4879-b560-9c5556ca6b1a","block_type":"box","text":"Report ID: 5648551.1","page_number":1,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"b7327d57-1c91-45c5-a1a9-25cb7c1da229","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"a9a089e0-c1f1-4ed6-8c1c-2e207c0903dc","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"66351c76-51e4-4a9c-b4de-9b6caa58438e","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"11e25a53-58c1-4d03-82a6-d85f99f28797","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"9c1aab56-93b7-4343-839e-7279105e8643","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"e91733e7-5a21-4c5e-ae41-c6cda0142b1b","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"edd1b2cb-234d-4768-8f6d-8b250fd138ce","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"9d882bcf-9e07-4d48-a6e6-caad48186f36","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"bba1c750-9b49-4d1f-8011-71038be627ec","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"b9b3a98f-fa37-49c5-9f2c-58f176c23274","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":"ac96ff38-c38b-4c1d-ae86-011eda57e1e7","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":"624ef992-923c-422c-8e2d-982cf3ddc5aa","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"9003cc89-d211-4c19-a49d-b07adf89c81d","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"f2c3f60f-30d4-4c80-a97f-bbd767e020da","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"92a529f9-442f-4dd5-8d9c-8fe6a8cbe43f","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"0ff0fd50-572b-422a-a541-65cfc1fcb179","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":"8afef59c-c269-41f9-9b75-9e7efc591443","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"2fc753bf-289c-49b8-8c34-dc6f393ce30f","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"5092ed75-8373-459f-8acd-54588779fca2","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"564ed078-c1bd-4c91-bc68-c8a2c4eb2c0f","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"72271410-5d21-40e1-8463-b978d6d878c4","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"99ccb357-bbc6-48fe-b343-bcacc32282bc","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":"9afd9be0-5291-4178-b862-85edab29e13b","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":"20e17113-337b-4610-9fa9-d1caff4d58d8","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":"2ecd8f6d-0ead-48a1-bc08-3ac6a3250a39","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":"66583541-6ca5-4529-b482-c410a622e437","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":"29a8eb22-1754-49f3-a88e-71931b7cf0c5","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":"430ef917-3a36-4083-9648-5b70645298c2","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"bb865afb-c707-403e-9fc3-33ec5af9d053","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":311,"width":110,"height":7}},{"id":"fde87bc5-4422-4915-ae97-960b1fc75991","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":311,"width":287,"height":9}},{"id":"61795c9e-fa53-4eb5-bec8-6675b0f66b72","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":"edda34b3-ccbb-4cbb-96eb-4596a399ce87","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":"6b017027-0300-4a7b-97a5-b68eec113a8d","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":"2e2a38f7-83d6-46b6-8a1b-03a8ddb7f48f","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":"393514f8-3a78-4940-b937-d561e2014e06","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":"d86d75e7-66d7-445b-9865-e5f8ca7ca14f","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":388,"width":76,"height":7}},{"id":"0ca05f2a-42e4-431f-9075-a8155f456d1e","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":406,"width":155,"height":7}},{"id":"20ba113a-7baa-4db3-beb8-20bcc4dff1c6","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":406,"width":225,"height":8}},{"id":"d95b2728-9c82-41e2-bc63-e82174f3c12d","block_type":"box","text":"Security with Brown Revenue for the Portfolio.","page_number":2,"box":{"x":51,"y":418,"width":271,"height":9}},{"id":"e7137866-8410-44fa-8197-52a9df69d070","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":176,"height":7}},{"id":"406c6b59-9f9c-41a1-8dec-acdec0623ee5","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":436,"width":243,"height":9}},{"id":"7938fa78-ade1-46c3-9bb7-90a8f5f8dfe8","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":"3781cdcc-6f68-4bfc-87fe-f5ef5ee1b99d","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":461,"width":241,"height":9}},{"id":"ed06d56b-7f81-4753-ac36-67861b16dad8","block_type":"box","text":"Green Bonds:","page_number":2,"box":{"x":51,"y":479,"width":86,"height":7}},{"id":"d8f7350c-5ba3-4cd9-baab-c7ad96f22d60","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":"f512ee6d-7aa8-49b5-8ab9-f9c541fb6dbe","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":"59d91b76-3f10-4ecd-b9b7-6f323868a21c","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":"46973ffc-c72a-4dad-bfbe-2b61fa84ab9d","block_type":"box","text":"and categorize projects as green.","page_number":2,"box":{"x":51,"y":518,"width":196,"height":8}},{"id":"42bc9497-2d91-48ce-997b-822fc78f73e9","block_type":"box","text":"The CBI’s methodology includes the","page_number":2,"box":{"x":251,"y":518,"width":213,"height":8}},{"id":"392f5fb8-13e3-4751-a0f4-76e88e7bbc1b","block_type":"box","text":"following criteria:","page_number":2,"box":{"x":50,"y":531,"width":101,"height":8}},{"id":"9b132432-c9c2-4ab3-a454-71dfea079fd7","block_type":"box","text":"Self-labeling:","page_number":2,"box":{"x":91,"y":548,"width":84,"height":9}},{"id":"982faaab-99ca-4064-a550-149a60302cf1","block_type":"box","text":"The issuer must consciously label the instrument","page_number":2,"box":{"x":178,"y":548,"width":291,"height":9}},{"id":"06324fab-76b3-49df-83e3-d2960beb81eb","block_type":"box","text":"as a green bond.","page_number":2,"box":{"x":91,"y":561,"width":97,"height":9}},{"id":"449bb9de-84c1-4b4b-aeba-ebc70d587833","block_type":"box","text":"Public disclosure:","page_number":2,"box":{"x":91,"y":579,"width":112,"height":6}},{"id":"920e6a9a-0388-4697-8318-c13bf6e52901","block_type":"box","text":"The issuer must provide sufficient information","page_number":2,"box":{"x":206,"y":579,"width":272,"height":8}},{"id":"4da2776d-4d67-4aa9-9faa-15a7ea9b6de9","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":"bdd026b7-3187-4677-b77c-2392db5f0da7","block_type":"box","text":"This includes","page_number":2,"box":{"x":362,"y":591,"width":78,"height":7}},{"id":"e325c823-da0f-484c-8155-17b1fb1e42c3","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":"f200059a-291b-4f96-a821-88e7d520474f","block_type":"box","text":"confirmation.","page_number":2,"box":{"x":91,"y":617,"width":78,"height":7}},{"id":"2eca00a5-486d-4a43-9b02-26af6ed1dcc9","block_type":"box","text":"Eligible sectors:","page_number":2,"box":{"x":91,"y":635,"width":100,"height":8}},{"id":"99026c56-768c-4ba4-ace0-d9caef9fb3ef","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":"fe2ba7ea-7673-4298-bc45-69444bf32fbc","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":"4bd4b36e-4604-4e25-9a5a-6519c1a84557","block_type":"box","text":"GHG reductions.","page_number":2,"box":{"x":91,"y":660,"width":100,"height":7}},{"id":"23493e1f-d9ad-44ab-8f99-3b3b169205b9","block_type":"box","text":"Eligible use of proceeds:","page_number":2,"box":{"x":91,"y":678,"width":154,"height":9}},{"id":"b043761b-fcd5-4215-96c7-a7c09ee296c5","block_type":"box","text":"The proceeds must be used for eligible","page_number":2,"box":{"x":248,"y":678,"width":230,"height":9}},{"id":"95bd091a-cf11-4609-b64d-fe2828a5c969","block_type":"box","text":"purposes.","page_number":2,"box":{"x":92,"y":693,"width":57,"height":6}},{"id":"54a521c1-b39f-4d8b-a7db-5e6090a4744d","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":51,"y":708,"width":122,"height":7}},{"id":"25ef997e-390c-4d33-8b8e-88b62a322be2","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":"c3c7962b-a4aa-4658-85cb-f2b5500fde6d","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":"30ab1be6-f170-413c-a302-645164ae5afc","block_type":"box","text":"Green/Fossil Fuel Based Revenue Ratio - MSCI:","page_number":2,"box":{"x":51,"y":738,"width":298,"height":8}},{"id":"b90c8f74-a91e-476a-b927-1bf477c0e2b7","block_type":"box","text":"The Sum of Green","page_number":2,"box":{"x":353,"y":739,"width":108,"height":7}},{"id":"0e60be2b-f7ec-46ca-88e8-14b6de98de1f","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":"b5b91ca1-f144-4d89-bc18-e0601116267d","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":"e36887fa-4cd4-464b-8da7-c79b8a252ed2","block_type":"box","text":"Companies with SBTi /Approved Targets – MSCI:","page_number":2,"box":{"x":51,"y":782,"width":311,"height":9}},{"id":"9d5d270a-baea-4118-8fd6-158cc552a48d","block_type":"box","text":"The percentage of","page_number":2,"box":{"x":366,"y":782,"width":111,"height":9}},{"id":"e1ac6986-4848-472d-849e-6b7def7550d9","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":"482d117a-112c-43de-9669-25a2eb777dba","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":"f49c4ac2-e17d-4080-b807-4572f9249f9f","block_type":"box","text":"(SBTi) on the Portfolio level.","page_number":2,"box":{"x":51,"y":820,"width":166,"height":8}},{"id":"856a8e94-baf6-4567-bf42-2fee2cecec7e","block_type":"box","text":"Low Carbon Transition Score – MSCI:","page_number":2,"box":{"x":51,"y":838,"width":237,"height":7}},{"id":"2c9fda5d-a504-494e-abd2-1b5e366573e6","block_type":"box","text":"Score calculates a company’s","page_number":2,"box":{"x":292,"y":838,"width":177,"height":9}},{"id":"08acebf4-1e3b-41dc-aedd-979708eba389","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":"ee26bada-2772-4195-96b3-f65662651eba","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":"3182f75f-7d7a-4871-89a7-7ffd13d599e1","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":"67dae06a-241b-4e50-a335-e5d9190062a3","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":"abc1971e-1aa8-400f-8b32-d6bea510e18b","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":"3a5a043a-978d-4829-8d20-16fb4c68992a","block_type":"box","text":"scores. Score calculated at the Portfolio level.","page_number":2,"box":{"x":515,"y":107,"width":270,"height":7}},{"id":"35f38c11-ba5f-4482-96c5-9a7705877cda","block_type":"box","text":"Carbon Footprint:","page_number":2,"box":{"x":515,"y":125,"width":114,"height":9}},{"id":"3b16a8e6-5754-4a22-9d38-287aa233a4b8","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":"39767607-6689-42fe-bbd2-8921b422006f","block_type":"box","text":"Weighted average","page_number":2,"box":{"x":815,"y":143,"width":108,"height":8}},{"id":"8e997d2c-4795-4071-9d6c-ae3b0e1056d4","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":"66396c3b-f84e-4cd8-8654-2092e38f01d2","block_type":"box","text":"normalized by enterprise value including cash.","page_number":2,"box":{"x":556,"y":168,"width":273,"height":9}},{"id":"f9f5609d-4b24-4a2d-aace-9324b0a0274c","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":186,"width":202,"height":7}},{"id":"76a56d39-dd7c-4976-95f6-8c6576e72552","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":721,"y":186,"width":203,"height":7}},{"id":"aac4747a-9b57-4394-b771-4f105e9064aa","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":"a4610c32-9ea0-4322-bae8-c12f7ed58b62","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":"37bfa060-dfe5-46bc-adc8-4a50d3458f85","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":"04474648-ac11-4bc1-8a12-4892ef68b8f5","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":"0e0f566a-4f53-40eb-8054-25010ce5e254","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":"4054b36b-4fd3-42e2-a09e-42328466d2b6","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":"baa82cfa-6819-4761-a310-dd3b99fd8e1a","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":"b5bf83fc-cfd3-49e3-b938-25b1faebc639","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":"eef821d3-279d-4553-a399-70a93c173065","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":306,"width":47,"height":9}},{"id":"9852a54a-89c1-43e9-ba60-76efa0d4fa75","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":"ac2bf68b-c344-4d3a-988b-0153646dc354","block_type":"box","text":"owned or controlled by the company. Data","page_number":2,"box":{"x":556,"y":319,"width":251,"height":9}},{"id":"797dc676-f617-48ec-b962-71eb2807f92b","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":336,"width":51,"height":9}},{"id":"a6bb1e68-7ae0-43d8-bc19-e17a1ec3b0d5","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":"6701978d-b4a6-4104-99bf-ebb95392a3c2","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":"e1018335-1fdc-42bf-a36e-22323e85269d","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":"49bc5110-e0b6-4895-a427-5d77f9876bba","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":"1521f2dc-9e82-4ee6-9872-7df7311bed3c","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":388,"width":43,"height":7}},{"id":"684a24f0-ad3c-4382-bc75-63a99508f50e","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":405,"width":51,"height":9}},{"id":"c4eb2e55-d3a4-4bb7-9ab6-2f27a60d9bc8","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":"e964adf7-b4a2-4195-b311-b7472d89086b","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":"613629aa-9bca-4b59-9ce3-4c0d2e8eeea2","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":431,"width":44,"height":7}},{"id":"2acdf86e-28ff-4386-a379-85f1e08a4c5d","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":515,"y":449,"width":277,"height":8}},{"id":"d49de321-a1ed-4191-a569-806313966972","block_type":"box","text":"Scope 1+2+3 -","page_number":2,"box":{"x":796,"y":449,"width":89,"height":8}},{"id":"e0e390ad-790e-4c77-b46a-b90bf92d4a12","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":"f81c67e3-4225-49d0-aa68-bf19c144b62b","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":"ea280b54-6c2a-4784-ae3f-37268bf393f6","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":"a6f7b071-2ac7-4cf4-b84d-5a37fab344cf","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":500,"width":112,"height":9}},{"id":"b4d8cf47-b46e-4c88-a7c6-d74422396ec7","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":"f7e3858d-e047-4266-869a-700b0f6fc013","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":"a51fd58e-77b9-4bcb-91a9-9ceb237bc13b","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":"de13c864-c523-4811-84e6-ef7b409b65f1","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":543,"width":122,"height":9}},{"id":"339345a9-b7bc-4e7d-a6e9-eb5ba43fe3b2","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":556,"width":74,"height":7}},{"id":"71122e19-3cbe-4fa1-9f72-9a38ae3d8b7f","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":"0a831ed2-4df5-4bc9-a8e1-1f7d06bd3a57","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":569,"width":44,"height":7}},{"id":"6062e991-815b-47fd-bdca-fb22966c2a73","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":"c12dedfa-2f4d-4eb9-ae49-c8f10a011d30","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":"2e760ce0-9a82-454c-933c-69830c22419c","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":582,"width":40,"height":7}},{"id":"718f3edf-019d-4eef-879a-487dcd0e8541","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":"6ec9ea5e-7f24-4ccc-bf40-37cf0d997c0a","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":"927e1ab1-5d62-4198-987f-48eb9acede40","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":625,"width":244,"height":8}},{"id":"fa1bc9c9-0ed7-45f8-bb60-204ca6227bbc","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":625,"width":125,"height":7}},{"id":"73864ce4-d78e-4ade-a69d-435c4074baf0","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":"6e894dcf-04be-40fa-bde7-dc507b5852eb","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":"44544448-8943-4503-9ae4-fcc507ae68f2","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":"b6fc49cb-8f4d-46b6-b3e8-78d8e3f63118","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":"593fc1b6-41b1-4ef8-95fc-a4f3234bbc01","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":"a2be4182-d222-45fd-ab3b-90a460abf145","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":"f881ad7b-92c3-4d35-bacb-4f081418deb6","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":"ecae4afe-01dd-4d9a-a14f-fd63e3df4e11","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":"4ed0d936-d627-41fb-809a-d77ac6d09524","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":"9c450c2b-6bb3-4d7b-bbe5-1743e9064948","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":"5faca655-41c5-435d-b6b4-63bf186ca619","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":"32dea69a-af41-4603-b953-c0922fe2d21a","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":"8b7fcc45-19c9-4898-a272-469fdb0b05b4","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":"36d742fc-bab8-4d68-9840-9dafd2062c76","block_type":"box","text":"to evolve and mature.","page_number":2,"box":{"x":515,"y":805,"width":127,"height":6}},{"id":"15f5d5b4-7f98-4620-afbc-70bd902564c1","block_type":"box","text":"Portfolio:","page_number":2,"box":{"x":556,"y":822,"width":58,"height":7}},{"id":"5252f032-edc4-4d57-bdb0-0ff4c8f88af4","block_type":"box","text":"Implied Temperature Rise aggregated at the Portfolio","page_number":2,"box":{"x":618,"y":822,"width":315,"height":9}},{"id":"fe9860fd-b5b8-422f-bfe3-9843b4d9888e","block_type":"box","text":"Level.","page_number":2,"box":{"x":556,"y":835,"width":34,"height":7}},{"id":"e6e2def9-2f6c-4cde-80bc-3b2e5aba81cb","block_type":"box","text":"Climate Value at Risk- MSCI: (Climate VaR)","page_number":2,"box":{"x":515,"y":852,"width":273,"height":8}},{"id":"e1867ad8-996e-45d2-bfee-606c1272c091","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":853,"width":144,"height":6}},{"id":"27a87ce3-4061-412f-ace4-6d44adcc9070","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":"d01a8cf6-a927-4b1b-a8ee-adafaec5f3d6","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":"999693b9-3014-4e9c-b83e-41672c5c03b0","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":891,"width":210,"height":9}},{"id":"092d9fa3-2462-4eee-a4bc-0328fb1c0a7a","block_type":"box","text":"click h","page_number":2,"box":{"x":729,"y":891,"width":37,"height":7}},{"id":"88eb2882-2a53-4d24-9ebc-6142d12aa06a","block_type":"box","text":"ere","page_number":2,"box":{"x":767,"y":893,"width":19,"height":5}},{"id":"ad3e7586-f796-4abd-8edc-7fa7606a3118","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":897,"width":2,"height":1}},{"id":"d7a1f503-e067-4190-aed1-8875bef6d5d0","block_type":"box","text":"Report ID: 5648551.1","page_number":2,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"ce2805f4-b81a-48d9-8a6c-b7cebb2d7115","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"210cf29c-e370-4a14-9919-76bb1c481072","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"ddcbfced-91f6-43f4-ac42-2ee75cb4c394","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"95720658-525b-40d0-a2be-38f266eb4357","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"6331e9c0-e58b-46cf-b69b-d7b06fe22fdc","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"dad19a5f-d8d1-4b59-81ef-ad89ded5d8d7","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"46a64c45-ad93-4f85-828c-0ab3a3fe5e99","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"2bc5c750-96ed-42a7-a363-57847fbd5e36","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"2a951c08-6d9b-4c49-8ae0-b71f81be9d45","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"b34a07be-cca5-4501-8080-cfe1fd835e09","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":"4217352b-4c4c-487e-a01e-ac565a17c090","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"2900b1a2-776c-4264-b79a-7638ad839b70","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"d4b9ab92-712a-4089-a2d1-1b5bfaf1aa15","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"c7471908-1d3c-406a-9075-eb1274ac4c2e","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"288b9077-f043-41ca-8486-231cb57ec08f","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"e7c8e9bb-bb21-4e95-a31b-7b655bb86aa7","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":"433e72ea-675f-4e01-a034-3412351c19e1","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":"7945dcee-593a-4bb1-abc5-ab91935e2371","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":"37a7eb7f-4d8a-43c8-9cd0-2012de2b5524","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":"1b0d40b5-cfe7-4e99-a5d3-5776005676ff","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":"eeea2f36-dcfa-43ef-8f89-ee06831eb51e","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"47ccfffa-ad14-450d-9503-410e8fea9632","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":"3d01826b-a711-4183-a365-ff4efcae0ed0","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":"b1699d6d-4082-403f-b6df-c4610ad5a1bc","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":"9f38b060-7df3-45ae-8199-8b4303e176cc","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"7f15065f-504e-4ec6-8dcc-be558243ef87","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":"41a4dd83-e5ab-4af2-9113-f57f5487a5a9","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":"824a1bd7-d648-45a0-be63-427d4a53c1e8","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":"8bdd63a5-910a-4140-b389-f206c317f17f","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":"34100ac1-5cbe-4205-84d4-31278808427e","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":"9b6a778e-b1a1-4e2b-a6cb-030db020a84b","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":"4bbbbb9e-3730-4156-9617-75b4ea14eddf","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":"332bf985-6234-44d4-8f4f-c20830fb2509","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":"0ed9c124-58e2-4748-9567-050ffd385f36","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":"254a6269-5fbc-451e-ae08-f4dfea59d84c","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":"a97262e8-1e19-4312-b245-5ef6733c7361","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":"e2a5b3e4-3964-4e0f-9a05-60c594c6350c","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":"68794057-7802-4d1c-99f2-47774fd4a666","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":"2e071c90-6eff-4f90-85cc-b06bdc71aee0","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":"5552815d-8282-4176-a1f9-8358a366cfe5","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":"6b91993d-78e1-49a2-8295-d7169f48d4ac","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"697b81f4-de4c-4904-8483-bb3f460a68e3","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":"174b7544-c8f4-4742-80d1-f54d22a668ed","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":"a5b5471e-d758-4c44-b832-12f731c2addc","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":"62f932fd-bc2a-41ca-b18c-d951925b5461","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":"b3ff3425-347c-4988-a9e8-6a4e7c4de5ab","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"647b2b8c-0a3d-4198-b582-f1ca536c7932","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":"cabeddb8-3def-431f-8168-fa2fe10cee2e","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":"16af0c88-3d8e-401a-bcc0-c2aedd74dd52","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":"ec459503-5e0b-48f7-92e8-a874d99159f1","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":"33ed0ed5-0b1f-4b65-82c0-ce70c1f85fb9","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":"b75321bd-21f9-47fc-a690-c60180e3e40e","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":"d2448cf3-036d-469c-a463-fce0febd5bab","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"9320831d-87ea-4c01-92c6-de5040c67c81","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":"2e98f141-ffb0-44ee-9bcd-f16dafd3fcc9","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":"5e054d80-e5b3-4bd9-891b-f92e4b627a81","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"8b942270-671d-4694-ada3-49fd2e7705a2","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":3,"box":{"x":51,"y":722,"width":415,"height":8}},{"id":"a5200e2a-e93a-4f5c-a861-1a99b2e9bc1f","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":3,"box":{"x":51,"y":734,"width":423,"height":9}},{"id":"a092f600-0c75-4ca0-a635-59e3e3d1c9d2","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":3,"box":{"x":50,"y":747,"width":418,"height":9}},{"id":"79103f2f-22eb-4c2f-8511-7c50902aebd7","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":3,"box":{"x":51,"y":760,"width":408,"height":9}},{"id":"271cd67e-5cf5-4a0b-9faa-87d3bf1e89fe","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":3,"box":{"x":50,"y":773,"width":429,"height":9}},{"id":"5b6c68eb-91a2-4006-8be6-0e03ce0d7a02","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"e182027f-dffd-4068-a343-9b857f728990","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":803,"width":430,"height":9}},{"id":"dc273ca1-98fb-4ab6-8c81-f1437fa8b255","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":816,"width":420,"height":9}},{"id":"e34e7aa4-7e1c-4d9a-aed5-d6ae1c6fae8d","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":829,"width":372,"height":9}},{"id":"56412d74-c58c-4e0c-acf0-328062d2dd72","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":846,"width":414,"height":9}},{"id":"17849acb-6906-4c47-8a0c-1417fe28e2dd","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":859,"width":400,"height":9}},{"id":"3a0df993-68fa-40e5-861a-e8dc0d04b397","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":872,"width":396,"height":8}},{"id":"45c81bb0-eaa6-4604-a636-7cf51fb258b9","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":885,"width":416,"height":8}},{"id":"2d056a89-5d2e-4d13-814a-973e87dd63aa","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":898,"width":403,"height":8}},{"id":"bd640712-efea-42ee-8ef5-71ce8df16f13","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":910,"width":407,"height":9}},{"id":"c1955808-100c-4dd9-b035-149107878994","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":923,"width":410,"height":9}},{"id":"20dc4e70-4ea0-49ef-9905-4ecf9186ca9f","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":516,"y":92,"width":414,"height":9}},{"id":"ab630cd5-b6ef-425f-a413-4c45843d12a9","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":515,"y":105,"width":429,"height":8}},{"id":"1b54ab95-c379-42fc-934e-f66be253ddbd","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":515,"y":118,"width":432,"height":8}},{"id":"c5d46611-c020-4eff-9455-c7e62186f8ad","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":516,"y":130,"width":421,"height":9}},{"id":"46c98784-4da5-4c62-9545-a3299814fdf6","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":516,"y":143,"width":429,"height":9}},{"id":"74b3b08b-ff3b-4184-bf7b-229cc03b5322","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"540449d0-3f34-4b7b-9ac1-446ec437dbd3","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":174,"width":416,"height":8}},{"id":"5e393843-cf31-499f-8dd7-eebbe936f57f","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":186,"width":415,"height":9}},{"id":"45dd72bb-3edc-450f-8e05-45d6bdb90fd4","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":199,"width":422,"height":9}},{"id":"2819f3cf-78d0-401d-a7ec-2c3552b7f387","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":212,"width":307,"height":9}},{"id":"f39e6b64-33b9-41bf-863e-90c7b95c4472","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"1d7ce4f6-29d2-4798-bff9-c5a66edfd0d1","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"8d679c9e-4fc6-4603-ab4f-ee7bd52471a4","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":225,"width":292,"height":9}},{"id":"69f29659-e8c4-40fd-8f81-2dfa93204ce0","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"8fee19bc-ebd2-466b-85d7-becd563ed245","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":238,"width":421,"height":8}},{"id":"062b461f-e197-4e90-8961-01de24ac8000","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":250,"width":390,"height":9}},{"id":"c455328f-8f6d-48e0-94fd-221ee413a30a","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"f917a1fb-f6de-471a-8a2f-a1f4db3ca2d3","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":268,"width":418,"height":9}},{"id":"07f7705f-26a0-4830-9f12-7afb727110cd","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":281,"width":431,"height":9}},{"id":"863e5163-7103-481e-8a66-ed7c90554844","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":294,"width":354,"height":8}},{"id":"56ac2f83-72e2-4385-a721-51cac06aa290","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":311,"width":403,"height":9}},{"id":"98a219f5-1947-405a-99d8-9a3d93b84588","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":324,"width":411,"height":9}},{"id":"37950048-3e61-43cf-9ae8-69fc29e984b8","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":337,"width":401,"height":9}},{"id":"5ad94641-bf45-4f95-90e5-3f08fef9e637","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":350,"width":402,"height":9}},{"id":"a122a2ff-7c18-45c0-a187-858783ae7129","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":363,"width":416,"height":9}},{"id":"d2a4d41c-f596-4fef-b004-983871690ab0","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":376,"width":338,"height":8}},{"id":"b0a933d4-8d4c-4224-b177-3651019f4c8f","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":393,"width":408,"height":9}},{"id":"a7bbe88d-ef49-4901-9f64-9ddc84eadebe","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":406,"width":416,"height":9}},{"id":"5c2a90a7-595d-4c5c-b038-d08d5ff8f4ce","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":419,"width":382,"height":8}},{"id":"6a551499-5431-4f81-a524-7d7a56818b78","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":432,"width":397,"height":8}},{"id":"7c1ed36c-285d-472f-85fc-482b4ab3ebad","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"937d2188-ac45-4018-81be-569f5595fada","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":462,"width":398,"height":9}},{"id":"724658c8-ca3c-4475-8cac-1b10c9570d7f","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":475,"width":407,"height":9}},{"id":"df93b323-8c19-40ed-aeec-51956fa0cc2a","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":488,"width":427,"height":9}},{"id":"25126d6e-df63-40ab-90dd-f630bf76ab64","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":501,"width":403,"height":7}},{"id":"49b4a1b0-1e05-4c94-8052-6ee05074606d","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":514,"width":393,"height":8}},{"id":"11d9c5f2-4662-4958-937c-1f3c99b82a45","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"f172eacb-a2ba-4121-ae7d-aa0523ac3b22","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":544,"width":389,"height":9}},{"id":"f8643762-311a-4ec6-a9f4-8714930bbc94","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":557,"width":379,"height":8}},{"id":"c3eba07d-b5f4-4cb5-9056-3bc053dfbd87","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":569,"width":360,"height":9}},{"id":"383c3472-291c-48ae-8c9c-05abd9130c0a","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":587,"width":419,"height":8}},{"id":"dab2fade-7ade-4520-97ff-51a70d0f5308","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":600,"width":431,"height":9}},{"id":"7408dd99-9fbe-45c2-b7d7-1e0618bdbc29","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":612,"width":428,"height":9}},{"id":"fe2001da-714e-4196-b64e-b83047424e75","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":626,"width":427,"height":8}},{"id":"033c4282-2af1-4337-96b8-55fb88d78b69","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":638,"width":411,"height":9}},{"id":"1a6068b1-e669-4a0b-a0c5-e08280f773d1","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":651,"width":395,"height":9}},{"id":"e3821a59-f0a9-41ca-b3f8-84b275f5a400","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":664,"width":411,"height":9}},{"id":"665a71a6-074b-40f9-9e01-c095220b3567","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":677,"width":396,"height":8}},{"id":"20ec84c8-3650-4506-809f-e1c353d1aefd","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":690,"width":433,"height":8}},{"id":"46f5d4b0-be4a-44f2-bca0-1b3b015d4d70","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":702,"width":420,"height":9}},{"id":"c1e9e901-d4b7-460e-95e1-48319147aa58","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":715,"width":422,"height":9}},{"id":"ac980737-d7d8-47f3-a6db-05ec026950c3","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":728,"width":392,"height":9}},{"id":"19aab67f-9fa9-455d-908e-bd81708c8764","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":741,"width":407,"height":7}},{"id":"041565da-02f6-417f-9c6f-779a16bc8e99","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":754,"width":413,"height":7}},{"id":"1122b53d-457b-4f3a-99f3-7523919a4b63","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":767,"width":412,"height":8}},{"id":"80666747-4f9e-417b-a092-28f3deba7e22","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":779,"width":431,"height":9}},{"id":"c08d6384-b78f-4e9d-b33b-e2cdeb025439","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":792,"width":398,"height":9}},{"id":"e6b897ce-0b5c-4792-8403-84029d138af3","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":805,"width":403,"height":9}},{"id":"255e7474-cea9-44e4-86c6-6cc01ab103d3","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":818,"width":401,"height":9}},{"id":"ffea7735-7633-4977-81f5-97c100cb44d3","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":831,"width":418,"height":8}},{"id":"4deffb3a-db0e-4bb4-9688-7ba8941ebca1","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":844,"width":428,"height":8}},{"id":"1035f54c-07b9-432d-83a8-bf5364761518","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":856,"width":405,"height":9}},{"id":"22dde361-2092-45f6-a98f-646d97951852","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":869,"width":426,"height":9}},{"id":"e48c7a7e-4ba9-4d01-b713-a28b764a8bff","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"5d067963-9988-4256-a9b7-3a86bb71ea64","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":900,"width":429,"height":8}},{"id":"1796af3e-7517-49a5-acdd-be4da41d789a","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":912,"width":428,"height":9}},{"id":"b756b792-ce73-4f63-82ac-10b20e0ce6c5","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":925,"width":415,"height":9}},{"id":"6ba3ae32-b9eb-4e4e-b7e8-2162a7749a95","block_type":"box","text":"Report ID: 5648551.1","page_number":3,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"127c2996-cebc-496d-9ed9-75097bbbcc71","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"80dabc62-1e11-469d-b8f8-fc796b74c548","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"257b2cb6-4dac-46a4-8cee-4ed1081181ed","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"878951da-c92b-43c8-ac3d-8324559ff271","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"f4150877-f34c-460c-bccc-d168ca65db82","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"eafaf09f-a3a8-4d4e-8df4-1f984d79df13","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"3062be13-074f-470b-9439-0f815f6218fe","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"3e898ad4-08c4-4930-b485-659dd50b6ee4","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"a97736c8-55b9-4037-ad03-7005fba82d18","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":50,"y":35,"width":389,"height":9}},{"id":"aa58fee8-5746-4284-90ba-225c1bca2dae","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":51,"y":48,"width":432,"height":8}},{"id":"853fb6d5-6203-47be-ba14-8bc46e241404","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":51,"y":66,"width":224,"height":8}},{"id":"f22bace5-6d5a-44d4-8831-9534fe3ec52b","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":51,"y":83,"width":360,"height":9}},{"id":"b0954ca8-12bc-4b3b-8463-e9f1ad5858fa","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":50,"y":96,"width":404,"height":9}},{"id":"13ae1dcc-bd43-4103-a95c-b21594ff2917","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":51,"y":109,"width":119,"height":8}},{"id":"210b5187-4ce3-4088-b26e-c1e8aa220c43","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":126,"width":433,"height":9}},{"id":"6d50e730-bb78-4541-aa2a-5f49fd057a0c","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":139,"width":418,"height":9}},{"id":"16159c54-d7a2-4258-b0c3-6c400caf930c","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":152,"width":398,"height":9}},{"id":"5b568309-0dc8-43bc-89d4-e8e747da06cf","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":165,"width":413,"height":8}},{"id":"2c47d526-58d9-47f7-8c97-c36ba87dfa9f","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":178,"width":292,"height":6}},{"id":"01cbf29c-efe6-4d73-8857-0ee4a75fcb5c","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":179,"width":58,"height":7}},{"id":"5ada6164-e535-4784-bead-3a8b95eea1fe","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":180,"width":28,"height":4}},{"id":"5be5525c-425f-4248-a1e2-4f067a273cd1","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":183,"width":2,"height":1}},{"id":"a673907b-d2a6-4cc5-a2c5-06abed50192c","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":195,"width":387,"height":7}},{"id":"fa48515f-56d8-4121-9572-4138df4b6e19","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":208,"width":47,"height":8}},{"id":"bee0b0e2-f2f8-405f-9a80-35992f43517e","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":225,"width":385,"height":9}},{"id":"62a9313a-ff9c-4a2c-85e6-fe30f6d7cb6f","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":238,"width":403,"height":9}},{"id":"60a814d9-9885-41fb-a947-44f6b311fb2d","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":251,"width":401,"height":9}},{"id":"84846876-a92c-4807-bb16-4b230d1ef3c4","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":264,"width":412,"height":9}},{"id":"b7f41f8d-55f6-44f0-bab2-649d783b7efb","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":277,"width":221,"height":8}},{"id":"00ee1f3b-0584-4643-bb22-12f5045b5ebc","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":294,"width":413,"height":9}},{"id":"4abc5cd6-ce77-4d35-9064-3e95752f2f24","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":307,"width":415,"height":9}},{"id":"6a3c3e26-475a-4372-8bc3-c9cd7e0bcba6","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":320,"width":427,"height":9}},{"id":"d99924c7-aed7-4410-bb14-380034e6f0dd","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":333,"width":394,"height":8}},{"id":"f55836b0-9a3f-4455-93aa-bb2c2d71e57f","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":345,"width":426,"height":9}},{"id":"6c5aa2c3-8b00-4747-84c8-ec27c0d09d13","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":359,"width":369,"height":6}},{"id":"4568396b-f515-4bd2-906a-b1af2a2a3082","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":371,"width":408,"height":9}},{"id":"47bda54a-befd-4fe2-8a9d-927a5e383714","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":384,"width":413,"height":9}},{"id":"09aa8549-08f0-451c-97ea-ca8921e89cc7","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":397,"width":426,"height":9}},{"id":"5b700682-1d27-4c7e-ad1b-c5e812419dc6","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":410,"width":277,"height":7}},{"id":"5dd1b57d-c7a9-4e7f-9be5-0499fe6c43e4","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":515,"y":35,"width":410,"height":9}},{"id":"bea297d2-58f7-45dd-b70e-2515d8a44bd7","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":515,"y":48,"width":415,"height":9}},{"id":"494464d2-0fb6-49c8-8061-74214b69e11a","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":515,"y":60,"width":414,"height":9}},{"id":"1a9fb6b5-4b6b-4525-9413-b098e022017c","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":515,"y":73,"width":411,"height":9}},{"id":"ae667835-c01d-42ce-927b-55f67aeec944","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":515,"y":86,"width":421,"height":9}},{"id":"0e03a376-4730-4dda-817d-9cba3aafcbab","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":99,"width":238,"height":7}},{"id":"ae87f02c-ea2d-459a-9d33-f96943807348","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":117,"width":408,"height":7}},{"id":"58fd967b-d659-45ee-9f7d-f8bfae9b8ba0","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":130,"width":413,"height":8}},{"id":"6d92c284-7754-41ed-93ab-9be18ae8aa42","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":142,"width":397,"height":9}},{"id":"750b7801-677a-4720-bf41-6ad6dbbe73a2","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":155,"width":391,"height":9}},{"id":"cc4beaae-d0ea-4a55-88bd-5d6b88d54649","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":168,"width":428,"height":9}},{"id":"c74d2296-078c-4e11-9856-63ca38af20c3","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":181,"width":420,"height":9}},{"id":"c5ec3771-dc56-4014-ba61-37468cff87aa","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":194,"width":360,"height":8}},{"id":"5e0e1f3c-425b-4d2d-9f39-70cd8f2852df","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":206,"width":374,"height":9}},{"id":"62b353e8-a8f4-4802-8db6-e7fbd825f557","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":224,"width":419,"height":9}},{"id":"0250789a-f642-40b7-b7cb-1c7aa7a36699","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":237,"width":404,"height":9}},{"id":"93c4ca42-08c3-4637-a1de-9d6f46887bf6","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":250,"width":401,"height":9}},{"id":"c84da28d-faf4-4ddc-b58f-b603517970df","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":263,"width":392,"height":8}},{"id":"6877723f-25b5-4ba0-9561-9a9d0cc031c2","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":276,"width":103,"height":6}},{"id":"bb272319-0e21-4e24-ad03-d724920e34a8","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":293,"width":417,"height":9}},{"id":"2d432176-6f77-4f8c-87ae-53236db0b3c3","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":306,"width":393,"height":8}},{"id":"411cac75-aa6a-4233-af10-6839233a4313","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":319,"width":411,"height":8}},{"id":"d3f0ad12-dbaa-4b72-974d-d5d405b9cdd4","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":331,"width":266,"height":9}},{"id":"be125c03-8631-4128-a7c6-0a7b6627a0db","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":357,"width":326,"height":9}},{"id":"a07186cf-904a-4f75-89da-b5b0bc661e48","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":370,"width":236,"height":9}},{"id":"cf7566df-8f6e-4ed5-894a-33e8ebd0d20a","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":383,"width":169,"height":8}},{"id":"893d3146-5ba4-48ad-95c1-01ed138a96e5","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":396,"width":259,"height":7}},{"id":"fb95289c-95c8-4da0-88f0-aad71b4490bb","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":396,"width":23,"height":7}},{"id":"bec32079-8d77-47a4-9241-b2d92b57c6ec","block_type":"box","text":"Report ID: 5648551.1","page_number":4,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"0f85a90d-8c33-4c7a-bd5a-a3fc79e01d49","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"8593f7d8-11ac-4718-91b0-fc90cccdd569","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"2dd0b507-2389-4399-a115-8fa5bdeca476","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"5ff3bf48-22ac-4531-9b2a-471f5023a07b","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"e86f6cb7-f4ef-494b-b66d-75d48a1df331","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"aca48d00-e3f2-40f2-a762-3212e74cf4d2","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"7c9f32e7-337f-49c7-8d44-0517d2db9d6b","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"9e2986a5-ee63-441c-bf1b-66a4848d4f56","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":"771396d0-00ed-4e11-9844-14b442012adf"},"user_id":1000002,"date_created":"2026-10-17T01:08:53.704000Z","date_modified":"2026-10-17T01:08:53.704000Z","private":false}