{"annotation_id":"15408e41-0720-482e-aec1-07e1176b590b","file_hash":"a2bfc34309eacabd338e3b2f1e22b1d3c8e5f00dd7ddea7373eacf69ef85858c","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"50bbbcd7-d5cd-48ca-a6e0-bb52a00415b6","block_type":"box","text":"State Street Global Climate Transition","page_number":1,"box":{"x":51,"y":71,"width":662,"height":18}},{"id":"5d35c275-3782-4301-935e-ce075952d199","block_type":"box","text":"Equity Fund - I","page_number":1,"box":{"x":52,"y":105,"width":241,"height":23}},{"id":"d3873984-80ef-4f77-970a-c2881d595121","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"454f8849-ec20-46da-9be9-c70cd942ef78","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"e3fc5078-230e-46ac-96f1-31de75516601","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"d11e809a-68d1-4de7-80a4-6fdcfd8f07f5","block_type":"box","text":"LU2778288121","page_number":1,"box":{"x":754,"y":107,"width":75,"height":6}},{"id":"f4b68a09-548f-4f5f-9ac1-7909afd4df3e","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"a72e1800-c757-43dc-89f5-cf4b2a7ebdd0","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"2a8672c0-e119-4357-bcf0-7fd2e2c7ce7c","block_type":"box","text":"Source: State Street Investment Management, MSCI,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":852,"height":7}},{"id":"7c070a33-2465-4c73-98ab-0b0c044aadcf","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":"4b94168b-e37d-4ed2-b6ef-7f142505d546","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":"34b8a8d9-9336-41f6-8dcf-35434191523c","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"e89978f2-fb46-4296-9e47-21056dc3ee9f","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"9d8a2d93-5ac6-46b4-805e-4b20c219a491","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"9f274415-b24c-4a3d-a805-f1a7dcc0548c","block_type":"box","text":"16.42%","page_number":1,"box":{"x":105,"y":315,"width":60,"height":8}},{"id":"3ae101a9-1adc-4a11-a089-dea6473b4887","block_type":"box","text":"1.25%","page_number":1,"box":{"x":339,"y":315,"width":50,"height":8}},{"id":"9bff397d-c854-437a-8e2f-fc1b343e9c44","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"c1016191-42a7-4fba-80bf-900027b5579d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"b7c5b1f9-ef0d-43c1-a015-6853e691e01e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"74d6e725-edf5-45f4-ad1e-60faf3ab855b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"dadb6824-4b58-4397-9ebc-f75cf5bf5655","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"51226d7a-0bdb-4deb-b305-9cad812ae404","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"9d9ad7bd-6246-4dd3-9ab6-2b0a93449d36","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"83d4c61c-7889-421f-999e-af02ad20e961","block_type":"box","text":"2.61","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"de21ecd3-bdb4-4594-ab95-a547965bbaeb","block_type":"box","text":"0.00","page_number":1,"box":{"x":338,"y":425,"width":40,"height":8}},{"id":"8fd1b9a4-85f1-4639-8aed-07ff4cab7488","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"c763ee7b-30cb-4d1e-8359-220016fa1a25","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"55606c3a-cbab-4f82-b09b-bd28040d4a1b","block_type":"box","text":"99.94%","page_number":1,"box":{"x":182,"y":456,"width":46,"height":5}},{"id":"45e99c69-52a3-4521-9aaf-c916e60a6dc4","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"ff7bfbd8-e773-4f45-b047-121a3b9bfd9a","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"e7215bb5-58cc-443c-9327-82271185a637","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"8c3c7b01-27f2-4a00-ae09-8cf1599a7f05","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"a6866117-d4ac-4b5e-80ae-4c38dd3ad35a","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"241126ed-3e90-48f0-8b7a-634e90e1cf64","block_type":"box","text":"6.03","page_number":1,"box":{"x":330,"y":530,"width":29,"height":6}},{"id":"4580ac22-4a61-4032-9758-7067f9ff8db5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"ca16435e-0e2b-4912-9c9e-8375c31ea98c","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"1fa39971-b373-4cb3-8d4c-650161419452","block_type":"box","text":"3.76","page_number":1,"box":{"x":329,"y":547,"width":30,"height":5}},{"id":"3e1582a7-eedb-4857-8a3a-a6e362b3004d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"6977d617-7039-4c5c-81df-88c0416b0a71","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"3b874d21-4844-4c86-acf7-2a4d2e51a033","block_type":"box","text":"189.49","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"02ffb861-8775-47b8-951a-70f016b8b75a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"2097a215-e5ed-4ce8-8002-f2cd7d8c7092","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"cd4679fe-cd79-4a51-ab99-06b4ac35b2e9","block_type":"box","text":"9.79","page_number":1,"box":{"x":330,"y":580,"width":29,"height":6}},{"id":"937c6240-f5dc-4639-a591-fc5427a3c3fc","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"b3be9c1d-007d-4519-96fb-6dcbc48ef782","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"79be7d6b-5883-41a2-afbe-ab38e81181c4","block_type":"box","text":"201.67","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"ed711313-9cf6-4afb-accc-fcccd5a18511","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"4efc2e22-c98f-49b1-87cc-ccd2eb441c09","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"0366ef7c-1b2c-4982-8b89-20eaada02426","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"2ff186fc-3d9c-4fe3-a573-3ec13791ebfb","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"09f3d3b2-f901-4ad3-875b-9298e26ab324","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"d40e55ce-ead8-43d6-ac40-a7c73973949b","block_type":"box","text":"79.05","page_number":1,"box":{"x":803,"y":330,"width":37,"height":6}},{"id":"f8a7b1f7-ad10-42fb-9708-919cc71623b7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"3caa614f-f3c7-4c6d-bd31-735acae5acee","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"e2a801e1-cdc7-473f-bb1b-a38a77d177a2","block_type":"box","text":"49.27","page_number":1,"box":{"x":803,"y":347,"width":37,"height":6}},{"id":"65c95838-cba3-4a46-933f-e51bcd95da9e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"77e09665-42df-418a-99ff-95e0b024cbf8","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"c2504092-1795-4f74-9198-11c826e81e05","block_type":"box","text":"2,483.32","page_number":1,"box":{"x":780,"y":363,"width":60,"height":8}},{"id":"fccc6cc9-44dd-4c9d-b645-7e6f279364ef","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"8413ba0c-7b6b-4994-817d-dadaf97d78d6","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"a6aae6d8-8e6e-44aa-ac72-b4f7ae044551","block_type":"box","text":"128.34","page_number":1,"box":{"x":796,"y":380,"width":45,"height":6}},{"id":"ad9f4538-4b75-4b70-b10a-9cfe19058f85","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"9fbecceb-df08-4087-9e3a-3954fa3a7a81","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"8b51a08f-a4e2-4b41-867d-cb995f79a2fb","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"28bdda90-3d0d-48e9-b097-430922697e07","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"3aab665b-1a1e-4916-b295-c026fd1400e6","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"b12c49cc-e9fe-4b04-81f2-cb3845a3e55d","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"e62c7a50-f316-48b3-af09-58fe93bbc9f0","block_type":"box","text":"32.79","page_number":1,"box":{"x":803,"y":461,"width":37,"height":6}},{"id":"3e4abfb1-7c12-43c6-aab8-dce44f3a4b4b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"2c8a673f-b608-47c5-9a1e-42971458c219","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"6656938c-fe4c-4cd7-8cd2-eb63423b780e","block_type":"box","text":"26.84","page_number":1,"box":{"x":803,"y":478,"width":38,"height":6}},{"id":"25ce6d7d-b5c5-4f46-8aab-57ae6cacd799","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"27acb861-4721-4417-8a7f-9afd83509936","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"88f63072-1e19-4643-b08d-00e7cbd5fef0","block_type":"box","text":"717.38","page_number":1,"box":{"x":795,"y":495,"width":46,"height":5}},{"id":"ca654dcc-98fd-4638-b4bf-a6a5afb38fd9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"e668c264-d34b-47a5-8a63-d667688b3203","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"0703d9c4-9c42-4952-ac89-4e8918ee229b","block_type":"box","text":"59.63","page_number":1,"box":{"x":803,"y":511,"width":37,"height":6}},{"id":"1509fffb-39aa-4420-b8b4-7f04af7dcae3","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"aa15918d-bb98-4794-be1a-e7f583cc93d1","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"4ec6e64b-00fd-4363-98d3-906b8559e023","block_type":"box","text":"775.83","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"14cfc26a-e315-473e-abfa-91c6d1ec1a6a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"9adf3393-e1c7-4fc8-a9f6-a0db1e8c6c63","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"b536ab77-f7a9-4dd7-aa4f-e3c9569ca5eb","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"16a227e0-3fc3-46f0-b949-129d6e1ca62d","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"19057912-2d4d-48fc-a252-0cb464a3d4f8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"3e168991-c17e-48df-9b69-c92b52ce90d8","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"e4d8b9ae-9c35-4050-ac2a-2472c0a831f2","block_type":"box","text":"-4.18%","page_number":1,"box":{"x":797,"y":610,"width":44,"height":6}},{"id":"377e1ee5-09cd-4bd3-9d64-c5e81b0d3429","block_type":"box","text":"99.94%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"8f3a0d86-ebe7-4106-97bb-2d91aed419de","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"ae5b91c1-ac49-4d13-a822-43f583e02b9b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"25611537-f3ac-476e-b453-49ee8d9a437b","block_type":"box","text":"1.45%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"f44b8251-3ade-4392-b8ea-74144a83e956","block_type":"box","text":"97.66%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"404cd838-1a8f-448c-a8b1-9d18831c4105","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"9cdfe292-8735-46f7-a4bf-a93841e7935b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"50a8434e-5fa7-4af9-8e54-9341da9a72ba","block_type":"box","text":"-0.16%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"660b2006-e83e-4394-a57d-dfe710b590ba","block_type":"box","text":"99.94%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"2ee18cf2-85fc-438d-8c7e-d5c07e68cee2","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"a8552b50-b664-4a0b-aa87-3538a3c3a41a","block_type":"box","text":"-0.40%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"d5931cd7-750a-455a-b5b0-d7f7ce0cf38f","block_type":"box","text":"99.94%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"f1a282a6-2059-436e-831f-51f4bc7d7526","block_type":"box","text":"Report ID: 5648651.1","page_number":1,"box":{"x":362,"y":968,"width":114,"height":9}},{"id":"1bf27175-7ce1-415d-b6f6-11a0ec96c7e3","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"ae230c7e-efec-46fb-a578-dc7226dd633d","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"aa0e7096-28d6-4fcd-8afd-3d72f9b52922","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"33c4cf37-ba41-4e5b-a851-798aa41c64c4","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"99f97b8f-e1af-415d-ad82-e8657b424587","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"b7a31519-b5fe-422e-865a-6b74c549afa7","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"f82fcbfa-ec75-43eb-a6a6-d92ec5ef7294","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"d80e5631-1b08-427f-8222-13b422954899","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"0b59dd69-95d1-4e6c-9fe8-b573f07b1442","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"fa1d7744-0851-4901-bd6f-076730854f79","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":"888d1010-7357-4c26-a261-0eb0aa0f1043","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":"2bad7e9f-f810-49be-be79-82ba1af07b6e","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"89231986-e1dc-44fb-85a5-b4ae5d3bd24c","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"f3941cdd-0345-4a97-9671-edacc19b11a0","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"82923d55-5eca-49c6-8ed7-c55badf285fd","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"8773bd8d-937e-4b9b-87c8-c805cda01c24","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":"278af356-1364-4a65-811d-829cbc6b6e1e","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"6ddccf17-2b1a-41fa-8896-ab3b889fdaf9","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"67ee542b-fcb8-46a7-a93b-d70fea403748","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"db513d61-540e-4cf9-a20c-baa1e2144c06","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"6cc41cd6-4652-4c5e-87ff-f7a3c7727bc6","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"398e6ec7-b79c-42a6-9200-7b2db66ef981","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":"25fb07e5-26a2-41e8-8641-67f8f1e46cb4","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":"6bf980d1-632c-44ff-af5f-dba18cba6d32","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":"8023e008-8287-4bbb-a8f3-5e9eedac9627","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":"8436addf-3c9f-40b2-94d4-d362ea8ae90e","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":"ef5f971e-190a-49d8-9208-2c54f764ac39","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":"e227d16a-2263-4d85-9846-6673f0202eb2","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"af352867-5aa8-4fa7-b20e-432d2dbebd18","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"8d353cac-907c-4a62-8439-c743ab89aecc","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"e9ceca84-c500-40d0-bacf-7cd3b09b716a","block_type":"box","text":"Security with Green Revenue for the portfolio level.","page_number":2,"box":{"x":51,"y":324,"width":301,"height":9}},{"id":"93f411bd-e236-412d-af33-93203590fca3","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"b4d2ba19-6890-45fb-b09c-02ea7e8c9f58","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"d37da456-4187-4ef2-ae18-0d6544ab4f3d","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":354,"width":425,"height":9}},{"id":"2f36706e-7a23-4197-acdb-9fc87226fde0","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":367,"width":411,"height":9}},{"id":"307c5590-73ab-47f5-aec0-656b023a822b","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":380,"width":426,"height":9}},{"id":"808e30a4-e216-4949-a1b1-cf686a19b46f","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":393,"width":415,"height":9}},{"id":"0dbfcded-56e7-4f05-8786-38cab668db85","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":406,"width":419,"height":8}},{"id":"3338a337-f2f7-4e07-84b7-38a84f69ee16","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"8fa47d00-63d5-4bd4-a17a-4eab39ba59c8","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"baf8a241-537f-4bda-ab62-c8a97872b776","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"4083023a-d22b-49db-8f87-178cf5c17927","block_type":"box","text":"Security with Brown Revenue for the portfolio level.","page_number":2,"box":{"x":51,"y":449,"width":302,"height":8}},{"id":"ae0fb561-6061-4e56-9335-f7fb671d0205","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"cef05173-ed25-454e-b523-3ba7b7db052a","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"68c30e98-94d0-4ddb-afd1-ce6b1dced39e","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":478,"width":413,"height":10}},{"id":"cfff9285-efd9-4ee7-b0e4-4e7ced70bd5e","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"df5e54a3-7ddc-4149-aa68-6515d7beaedd","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"82c192e7-7b20-4624-9799-c0874ba3da01","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"9f531bc4-d11d-4af2-a301-39117bb6d024","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"42a9a5ea-caf0-425e-92f3-fb3aac611940","block_type":"box","text":"Scope 3 carbon emissions intensity normalized by enterprise","page_number":2,"box":{"x":91,"y":540,"width":362,"height":9}},{"id":"9dfa4bb7-c55f-4c38-92e0-55e71e6caa98","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"19fc9697-ef00-4a84-946e-6791a8f9ad9f","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"0e05042d-cfa2-44b1-8ec1-2df7048f8439","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"db45534a-2f8f-4cab-863a-528e71fc9d62","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":50,"y":583,"width":426,"height":9}},{"id":"f01aff67-b36b-4006-8b2a-753b58e4f3e6","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":51,"y":596,"width":418,"height":9}},{"id":"d2e119b0-fc09-44bf-94be-e54c7657ed62","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":51,"y":609,"width":425,"height":9}},{"id":"ea3c1b74-8050-434f-b210-f78bb5b95419","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":51,"y":622,"width":432,"height":8}},{"id":"33841a35-f7f0-40f4-8bf3-a2017c878f55","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":50,"y":635,"width":415,"height":8}},{"id":"cf5565f4-9b47-4f11-9c5a-dfc2ce6d6214","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":50,"y":647,"width":419,"height":9}},{"id":"448f42f0-72a3-401b-a94c-5ac64393a4cc","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":51,"y":660,"width":398,"height":9}},{"id":"0b6d849e-bc46-44b9-9ef2-41b25cd2f5c8","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio level.","page_number":2,"box":{"x":50,"y":673,"width":422,"height":9}},{"id":"07d2b87e-bf13-416d-8378-f04c0e6141f9","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"f8efa2e0-cac7-4acc-8edc-9c86bcd8e730","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":95,"width":322,"height":7}},{"id":"9c00ee6b-9a73-4f1c-8438-9e20c01b28cf","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"9622f753-f417-4a69-8c5c-678efe405517","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"df9cd5ed-542b-4e10-98d3-49bd776e8ff0","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":125,"width":317,"height":7}},{"id":"72af0b6e-39ab-4da9-9ccd-5f28403d18c4","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":138,"width":388,"height":9}},{"id":"7f39fee1-3465-4885-ad40-e073ab7ad0cb","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":151,"width":383,"height":7}},{"id":"3c761675-0dd2-4fa1-8275-08bc3a1ba0e3","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":164,"width":391,"height":8}},{"id":"5731c5fb-dae1-48b5-887a-55ea47a1c1cb","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"95b07bec-4c50-446f-a0c8-ad5dee3c4d77","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"096e28bc-9274-42e3-8524-4782e4d2c50c","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":194,"width":332,"height":7}},{"id":"484cc21d-822a-44a0-9484-bdb4dec9386a","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":207,"width":386,"height":9}},{"id":"1e9f5b16-f29c-4e86-8505-4e3c254eda4b","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"02ac6d9c-add8-4ed1-bba1-6d85d1a94cbe","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3 -","page_number":2,"box":{"x":515,"y":237,"width":370,"height":9}},{"id":"6aefe378-4e37-44b7-bb37-80849050b107","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":250,"width":422,"height":9}},{"id":"3b583fc5-4894-439b-9e4e-361f58e91345","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":262,"width":394,"height":10}},{"id":"edc18806-f13c-4957-bf7a-c53c536ac467","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":275,"width":426,"height":9}},{"id":"762bfc71-302f-4029-bb14-b834419c8fb2","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"53b4bb4e-61c3-45a4-b9e6-d61c85b9bb29","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":306,"width":428,"height":9}},{"id":"9cd0901d-7873-46fa-82b8-801e825c4e78","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":319,"width":412,"height":9}},{"id":"74acd00a-7812-4f08-a266-a98d4fbfcd29","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":332,"width":274,"height":8}},{"id":"ab87cc89-e584-4a9a-ab27-cbccba9f46ef","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"a404b5dc-da01-4dc9-bdf4-b7eefc77d4bb","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"29ef3ed0-5251-4b85-99d6-d8925c1f8215","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":345,"width":318,"height":8}},{"id":"44ad0c5b-9d0f-4f2c-85d0-f2b2ab611539","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"e44c7b25-2d2b-4e40-830f-82b2cf2f97db","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":357,"width":335,"height":9}},{"id":"f0861b6e-0ffb-41ea-a2ed-d0585d1b3688","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":370,"width":349,"height":9}},{"id":"257f692f-a0fb-47cf-80e3-07a2d5149ac6","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"72e02395-7960-492c-9846-c550c6163bf7","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":383,"width":422,"height":9}},{"id":"0b472e3b-de9c-4fce-9abd-26983c81ff8a","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":396,"width":337,"height":9}},{"id":"ffeb59a8-39e6-4888-8b17-63240cf0cab6","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"630139e0-4fb7-4360-a15c-7d1f6a65df61","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"4d589cdb-6012-400b-93c8-918daf0f0c35","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":426,"width":405,"height":9}},{"id":"97102504-4f51-4188-96be-d982ec89a072","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":439,"width":412,"height":9}},{"id":"59119e98-1691-4329-a7c4-f24c45362675","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":452,"width":419,"height":9}},{"id":"c3780c4b-7d23-4fe8-a4ff-62a62d93ff12","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":465,"width":424,"height":9}},{"id":"c8905964-1710-4d44-922b-c5602d2b09e3","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":478,"width":406,"height":8}},{"id":"ad3cbf4a-719f-4769-a428-cec9916502c5","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":490,"width":388,"height":9}},{"id":"1f5319e0-5268-4a52-b817-e3a9dc67ab02","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":503,"width":433,"height":9}},{"id":"b869a45a-27f8-4eac-8652-9a3c39a60098","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":516,"width":418,"height":9}},{"id":"1d770914-c84f-4ea4-ab5c-b4411301ff3d","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":529,"width":417,"height":9}},{"id":"d65d93ed-0255-4f5c-a483-f6d68feee16b","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":542,"width":412,"height":8}},{"id":"c4c50aa3-1792-4faa-b9d3-514575fb7f7f","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":555,"width":411,"height":8}},{"id":"af46a1c4-13fc-40e4-bdbd-fc4ec674183b","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":567,"width":425,"height":9}},{"id":"780de5e7-df77-460e-904a-28f528fb80e7","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":580,"width":433,"height":9}},{"id":"7de1f287-cd3e-4db3-9a18-717e1d8c4266","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"113522b2-3633-4b8b-9356-d5bf70924bbb","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"30513f31-ac7b-4e77-bfb8-ffc76a369a5c","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"b0cc16ca-294e-42ad-bee0-6f866644db65","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"0b468fff-4338-4281-a698-801c8588c3cc","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":623,"width":426,"height":9}},{"id":"3184ecb2-dae8-423e-b268-f27d2ef4171b","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":636,"width":431,"height":9}},{"id":"c3529704-99f4-4199-9d90-45a3d3861df4","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"1e2ea033-00cc-46bb-8ee6-f41057dbd72e","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"87d87e6e-7a84-4fdb-823c-c57ae1869360","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"de088bf7-a6be-4c11-a743-eef9ddca03cf","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"070e130e-62cf-4f42-977e-6016d15c6770","block_type":"box","text":"Report ID: 5648651.1","page_number":2,"box":{"x":362,"y":968,"width":114,"height":9}},{"id":"821f1388-8c43-4786-9af5-e5679fd14336","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"5ac59b9b-fe25-4dcf-82ec-7e54759a5100","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"35edfa1c-a68b-4641-9f0a-ce0109ced2bc","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"92504489-94b9-4531-a664-4457de6983d7","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"350dfaf0-8a80-4cb3-8f33-5f02bb42073c","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"84ba0770-43d9-4fe6-9c3f-dbe71231a921","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"a6f5e6ca-09e3-44a4-a737-0e34e17e6f31","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"4aca22ba-bbcd-450d-8d27-3e2af87c2cee","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"2fc6a75c-b1fe-44a8-bb54-e41a54470029","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"3170be50-d864-4bdf-8ce6-667817ddd780","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":"7692ffd5-8953-4439-8db3-e94a858ff308","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"32b0a502-4c05-4704-9c27-f2de245ffa54","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"c4061740-156e-441d-a3f8-30ce03de30cb","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"cf8f715c-2195-4c84-a6d4-8fe4258241a1","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"c7fdba8e-d708-467e-94f6-258d47dd6485","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"295e4810-2524-4bbd-8c21-d661c9676db7","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":"da59d836-8aec-4cfa-8a03-8a8f3b48c5e2","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":"5a52723a-7fc4-4746-bd31-821fce48dbb2","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":"62166451-9693-483f-8ac1-d439c0a3fd0e","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":"03cc8e99-4292-47d1-b0a6-a9bab3c7cd16","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":"3f8c3c97-92ec-41d7-beae-4e97e14c233a","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"663f51c5-dcfd-4e61-a47d-8cf3eceb221b","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":"f9139998-5af4-44dc-af03-49dead22833f","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":"c948d04f-ed8d-44f6-99de-019b82d4ac51","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":"6354cede-df8e-4334-a464-7a5cea1403b9","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"58792629-9810-4cfc-be38-8dd44bc3a85a","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":"a708fb1d-6969-4d74-9920-e4fa92ea3e9e","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":"0b8d4729-c2c4-4435-b429-0b138c430afd","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":"1271710d-7335-49fd-9aa2-75d9b9b4e831","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":"ce032e1c-a40f-45c4-b473-bae93404ce5b","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":"e29901c8-c7c4-4cc4-ac6c-4a3ba4f9913f","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":"c8430758-0df1-4e77-9bd3-0c99ce15c8de","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":"0b5dcf24-afff-463d-8e38-1f1ea160e031","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":"95922476-04f6-4969-ba85-645d828fc0d3","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":"4988798d-07e9-448e-bfd0-cd2fd656b8ee","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":"203af20b-6aa0-459a-ba3b-1995d9c063af","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":"c4be073f-bd9b-4119-b76d-23367895b374","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":"07ba71c6-36f3-4cb6-aa67-92dd9121d659","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":"3b91afa7-e472-45e3-81de-d5b8ed2a96a5","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":"5dbe6f0d-9d99-4c02-85fb-a4c158ed541b","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":"583b8d56-da67-442b-8b58-63c2be256c5b","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"e590d27c-7177-4b84-9afb-d1fc9dd2dff9","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":"d7085208-541e-4a80-8ac4-fa175878f93b","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":"b86a1b4f-620e-44c9-a974-3b0044258b65","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":"3ae03576-b673-4a21-9dfd-ce354a3a1f90","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":"a8e6bab6-6502-4e1e-a512-e394689e16a8","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"998ddf00-b9f9-4968-893b-b4d5b878124b","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":"8d3504be-724a-49da-a3ba-f7543a35a52b","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":"6f2d3c0d-eabd-4425-b916-495fa96b215a","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":"8cf73474-2f68-4956-8d9a-1bd290cdead7","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":"5a516d65-b851-4344-be1d-1426239999b1","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":"b319186c-c652-4534-b06a-e39809837dbb","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":"f396dee7-f36a-4fe8-a101-3b3991ad2ab3","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"7bf34d9e-cba1-43a1-b2ab-3e48ad8f1b01","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":"eacb7a4b-45c1-422e-b232-307295dee7b0","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":"f22d45bd-8c2e-4887-8c7d-21c8a3261f3b","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"deafd66e-9938-44eb-87c9-af47759f850b","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":"172bdf93-db7f-42b2-9c8f-29ce08a678cc","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":"c76afe5c-a472-4a35-82c9-aa7834da3616","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":"579a7d99-70ae-4393-8389-b7e8d10353d5","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":"147a89e8-24cd-4072-be7d-16f9fe5e774f","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":"4cf4fa51-e140-4467-891c-85e0cd508d8d","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"2dd29514-fb90-4e52-a8f9-49ce26a025ee","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":"8e594e1a-3eec-4d2d-b846-eff6a7871016","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":"6d3f7b7d-151d-449a-b082-ae1a4c9b6ac3","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":"06af0438-bc54-4966-ad93-f38a530f3d8c","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":"dadb3868-55f3-4691-845d-ec81626e9ca2","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":"19821b07-f337-402e-a5f7-518f1f96793a","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":"9cb53c25-7943-4e16-bead-3f6eabeb3ec6","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":"0fb66c5e-015c-461a-a257-edde0eecd757","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":"84dd1487-9c41-4771-a046-9332ce0bab28","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":"da67f019-1823-4f35-a03c-5d0d20ee75d7","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":"ab43b449-6f54-4146-aa3c-5c2947999b97","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":"5c6c8bdb-0cc4-434c-b595-4209c05604bd","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":"ebb87002-e1e5-472b-b306-95bcbe1a5666","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":"d34adf94-a821-4f7f-847f-0b85b3a5fe09","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":"57b6982e-b129-4874-ba37-68034d5ed9e5","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":"da2cbe0e-f03b-4574-8c32-af87b7e477d7","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"bd5fecae-73ff-4117-88be-1e6f8bd6e410","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":"e9156cf3-a764-4fb2-99d5-215fc7d6d11d","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":"bfc501ff-3fe5-47e9-a92e-9e61caef25d5","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":"03ccf6de-cb37-4463-9b70-b1f09310b514","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":"51fd1320-a788-4e18-9fb9-0aca5b718558","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"c98d629e-5aa4-4d41-a416-f86ef0a1de59","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"d435250f-8db8-4f85-8d04-c601e6efbe19","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":"86b92fd0-459d-45fe-9220-fc72ffe56784","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"386985b9-6954-45a9-806a-53a79b0b0806","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":"f6ced751-6ce0-455c-93d4-42d29a30b826","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":"81cc2588-5dfc-4682-8bee-cc05d2c9c93a","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"52a30472-ec58-469b-a773-7b2347c4b735","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":"1397f26b-8565-43b2-b405-5cc99b97200a","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":"013e2dde-cd41-43e8-8dc2-4fca38aca6e4","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":"d027f4be-c5e5-4562-b19e-401fd638f083","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":"3bea8946-d52f-4791-b893-cec187cf7209","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":"ef3a2121-a823-4a8a-8d97-e098e2a3f9cc","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":"b0b21a7a-b6ca-4f7a-8bd4-bc5e36c52115","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":"a68eca2b-c3d9-4743-8286-61148e006bfe","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":"8b10d52d-9274-4f96-89ca-d8c8838dac4e","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":"5f66c31e-798b-434e-af99-e2fac004b01d","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":"2a8928af-228e-454e-9baf-a475124020f5","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":"32fc8a05-45f6-458b-88ba-fdfc1b9c054d","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":"b0cb56ec-494b-4a29-8472-2c4a9742d2c0","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":"1605fdd3-8b74-4c7f-809d-8837852973f4","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"56c6380f-7599-4df3-94e7-d3429dba93a3","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":"10692a01-b926-4c1c-bfce-37ee42f81abc","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":"45944248-a11d-4b26-aa09-feb6e4062f07","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":"e2f236d4-7fd9-46c2-87f7-206057320168","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":"d8546eb8-696f-4d59-a70e-5fad826e53d0","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":"e535a8b0-590a-44b6-8bac-2fd259b51d37","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"c5bc2417-3407-4007-927f-83de6f2abd35","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":"555d7f23-7d08-4b07-8c0a-d733ac355a50","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":"a1c2675a-677d-4363-abb2-7321d1b34947","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":"e8a06e97-b9fc-4420-b421-8d50d4a7028f","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":"80ab9711-18c0-455f-ab60-86d452f02b12","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":"62ad39ee-4435-4dee-9973-6327f62e0dc7","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":"dfe58ea7-906f-4bdf-a9c5-df5ba59cc490","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":"e6dbf957-77ca-4144-ab24-c2a2da82f1f0","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":"2d62270f-64d8-4415-87bf-b5ba853d171e","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":"3c7e6628-d2fb-4d4e-883e-410ce6268ab2","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":"d0f5c2d0-124f-4c69-a721-685db470a7d4","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":"20eecd07-56a2-4f9d-9d0f-ea57fc68b824","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":"9bf2f041-acb9-4f52-958c-620b7408d9e6","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":"3fdc4682-4f67-4726-ac10-e1b7a69deb6d","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":"f6bbedb6-2efa-4339-a1a0-24993ded9a09","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":"cc4d89b7-2b5f-4f5c-81ef-88b7e68293c8","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":"b54c41f3-889e-4401-8ff8-c444cd4e0112","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":"cac17331-1318-4e00-bebc-1e2f681f6370","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":"2ce3b3dc-9064-437f-92dd-cc5b68546a6e","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":"35139544-f6cf-495f-a5eb-dd25556f4021","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":"69aea1ed-89e0-4a00-9ebe-4879dc66cc87","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":"ad2d7ebb-9170-4d22-b3c9-642d9d6e1a4e","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":"5db77357-a27c-4605-bc86-04e64b0a7afb","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":"9a49fc43-d583-4b96-ad1c-89f474f9120e","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":"2fbee7a3-e43f-4557-a7f6-d5724e774e8b","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":"b33f3317-eba2-4d0e-a9ed-afd8f9129a2e","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":"5f008ee2-14e0-4439-a5f2-0e4ccb9bb9ad","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"49c29b4a-9921-4081-9a76-b2bb210507d5","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":"68bbc3c1-e674-4403-a6ea-2aea9bfa73c8","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":"e00d2834-9e2a-4b33-944c-41437920a925","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":"00661cd2-ee5f-400e-a85d-47a77c2a5ebe","block_type":"box","text":"Report ID: 5648651.1","page_number":3,"box":{"x":362,"y":968,"width":114,"height":9}},{"id":"035e7004-30e0-4bff-9bf7-9e6948c533a0","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"edaea505-7f2c-474f-a959-8597e0ca1287","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"bce3f970-99ba-4da7-9c78-ceae3fcc5716","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"050e08ef-d3c4-4055-ad19-c22fcd52fa48","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"030814e5-381f-490c-bf4e-e0f1769b7622","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"5de64ab7-1b64-45cd-88f0-ceb67e88a1d4","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"333a30df-bd52-49b8-b491-434ff3d864c0","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ecbf6b69-a569-45a9-a54e-a175ec86edbe","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"966d7516-91b2-4be9-bce9-00d38caeea0a","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":47,"y":36,"width":389,"height":8}},{"id":"fb4ec243-80fe-4b9d-9bad-26d6b8815783","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":47,"y":48,"width":433,"height":9}},{"id":"7a852591-12ef-4f98-b352-d2827d1259be","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"a4945755-c8ac-4c18-9966-4314d429141c","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":47,"y":83,"width":361,"height":9}},{"id":"2d382a62-af1b-4126-8efa-26faa035c288","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":47,"y":96,"width":403,"height":9}},{"id":"24b3a573-9065-4ab6-bcbc-e44894e4c24c","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"153add28-4f23-477c-99da-4870affa9cd8","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":47,"y":127,"width":434,"height":8}},{"id":"1e39d1a2-884a-4827-80bd-5976c87ef807","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":47,"y":139,"width":419,"height":9}},{"id":"6a21684c-f110-4059-8216-e962a829c345","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":47,"y":152,"width":398,"height":9}},{"id":"a2d1b31e-8480-43f4-861d-4ce1907ed1ff","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":47,"y":165,"width":413,"height":9}},{"id":"74433ac8-5b63-4a37-8bda-5ae8d5adb89c","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":47,"y":178,"width":292,"height":7}},{"id":"26085429-2caf-4afd-86d8-e23d6d3321b1","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"a6e3c81b-9543-4aa3-9273-dff0604b504c","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"51cdfcc5-07a5-4972-b83f-491f98390d59","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"1016f3a9-29ee-412d-b3b0-d7572736a239","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":47,"y":196,"width":388,"height":7}},{"id":"cd36f698-699b-4e2e-bfc4-2b0b33f84664","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"7bc7787c-edc5-4cfd-a24c-6a213aad49e1","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":47,"y":226,"width":385,"height":9}},{"id":"37ee47c1-e94c-4276-86f3-2d5e9d691172","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":47,"y":239,"width":403,"height":9}},{"id":"fe317944-038f-43da-ba8a-cad6f32734c5","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":47,"y":252,"width":402,"height":8}},{"id":"d7c8116d-f3c7-4c2e-8113-2040eb5ebde2","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":47,"y":264,"width":412,"height":9}},{"id":"059acefb-45c3-4a3b-8b9e-8cd76477549f","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"9d89bfeb-3e3a-493a-a127-73ae29c62f9e","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":47,"y":295,"width":412,"height":9}},{"id":"b4902022-6ace-4115-b9a4-3ea3cac8f12e","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"47c4ee4a-6685-4726-bde2-e8d3c1359627","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":47,"y":320,"width":427,"height":9}},{"id":"9b3d4ee9-0e23-42ec-8db1-1bff59acb53a","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":47,"y":333,"width":395,"height":9}},{"id":"78f072d5-bfac-43a5-bc37-3321729bbe4a","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":47,"y":346,"width":426,"height":9}},{"id":"3ac892f9-0887-48e3-8371-460a75052928","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":47,"y":359,"width":369,"height":7}},{"id":"0fe2a76a-8877-4f79-b551-2e37fa94456c","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":47,"y":372,"width":409,"height":9}},{"id":"9358983a-da39-4835-9cd1-4c19086f34d8","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":47,"y":385,"width":414,"height":8}},{"id":"79035068-f966-47d2-9833-40f94a15dcc7","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":47,"y":398,"width":426,"height":8}},{"id":"7fafd548-05ca-44d2-af48-a67f4a0d6957","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":47,"y":410,"width":277,"height":7}},{"id":"7a2050c9-bd84-4bcf-ba04-c6926fd7d2aa","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":512,"y":36,"width":409,"height":8}},{"id":"0c06063f-2191-4ad4-bab9-df490b9c2445","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"0274e240-7e73-4e22-8413-674a2a735b00","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":512,"y":61,"width":414,"height":9}},{"id":"911c9391-ec29-430d-9d49-6835d00f98d1","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":512,"y":74,"width":411,"height":9}},{"id":"60bff8b9-7d98-452a-aea5-8679ec1cc16b","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":512,"y":87,"width":421,"height":9}},{"id":"c9048705-6f96-421e-874b-cbe256ade796","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"d2cc1b7c-c051-42fc-854c-43a241bd66fa","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":512,"y":117,"width":409,"height":7}},{"id":"88dbc1cf-91f9-4465-a69c-a7ddf7e7eabf","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":512,"y":130,"width":413,"height":9}},{"id":"804ea89a-fac8-446a-bff3-6b5dcde99ce3","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":512,"y":143,"width":396,"height":9}},{"id":"8172c7cb-d94a-4a93-b86a-ca9fbf7bbe49","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":512,"y":156,"width":391,"height":9}},{"id":"7f38cde6-f051-499a-9824-fefa4b9a2a8b","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":512,"y":169,"width":428,"height":8}},{"id":"ec75d0ff-fff4-472a-b38b-41165ab72028","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":512,"y":181,"width":419,"height":9}},{"id":"d12c8e7f-7d82-43f0-885b-cd6207addc7d","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":512,"y":194,"width":359,"height":9}},{"id":"c4381527-e29d-4f24-98bd-9f060c2abc64","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":512,"y":207,"width":374,"height":9}},{"id":"c1662f85-afb7-4d40-b5ec-2f05ce30bcf0","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":512,"y":225,"width":419,"height":8}},{"id":"283b1048-bce5-40b5-ad32-db70ce53a361","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":512,"y":237,"width":403,"height":9}},{"id":"a7734801-6faa-4d4b-ae34-c112e1b3d4e7","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":512,"y":250,"width":402,"height":9}},{"id":"bd5ebffb-a9ca-4449-937f-764f570af1e3","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":512,"y":263,"width":391,"height":9}},{"id":"1e6b1bd3-64ca-4b05-bd41-312a671f5be7","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"16855154-6297-4169-a67b-eac7d008d603","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":512,"y":294,"width":416,"height":8}},{"id":"9a8b382d-a86b-4598-8690-af4ed2545a99","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":512,"y":307,"width":393,"height":8}},{"id":"40235c35-b231-4209-a3ea-b534dfe51492","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":511,"y":319,"width":412,"height":9}},{"id":"dc7e08a7-4305-4a04-952f-817cdb7f8807","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"35b1b079-3d00-4334-b00b-7cc0b27f20d3","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"d39447fd-f787-4499-9a78-30afcd52b05b","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"e3fde547-219c-4949-946d-4af794f4ac9d","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"858716db-366b-4fd6-93ea-42bf39298806","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"3233d731-9bf8-4a0f-acd4-dd601d86046d","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"e98accb7-e726-4837-acc3-be614d4273d0","block_type":"box","text":"Report ID: 5648651.1","page_number":4,"box":{"x":362,"y":968,"width":114,"height":9}},{"id":"3c38f97b-7c31-4317-8931-8d1bc39c0e05","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"16999c18-a7f4-441f-9c46-455f64f97ff3","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"951b620f-68ad-4810-a1aa-7a38ff06c9d6","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"45f8fcd3-fe2f-4bbc-aa5f-58c2b1f03714","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"218e4852-e8f4-4d0b-830a-a9f98df843b6","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"9ea0199f-2c4c-4a58-a1bf-59c4410dda59","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"851e2714-9c19-4d21-8984-d7905e019a01","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"6159adcd-4006-42f6-af37-60d4d8c65ca7","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":"1a55486f-d645-4423-a942-6476d4edf322"},"user_id":1000002,"date_created":"2026-10-17T01:10:01.159000Z","date_modified":"2026-10-17T01:10:01.159000Z","private":false}