{"annotation_id":"177e561e-9b5b-4398-935a-73eddf20701f","file_hash":"b8da7ef94fb3f6be563d8309805dc1554374d4ef1128b4afaf592ffa5d61b202","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"518a76e2-6ff0-4a13-b01c-948d28bcad9f","block_type":"box","text":"State Street World Screened Index","page_number":1,"box":{"x":51,"y":71,"width":602,"height":18}},{"id":"e2b7c753-7724-403a-8936-8eda03323736","block_type":"box","text":"Equity Fund - I GBP Portfolio Hedged","page_number":1,"box":{"x":52,"y":105,"width":631,"height":23}},{"id":"2fe53f01-d741-4999-82a4-56d6137b430e","block_type":"box","text":"Distributing","page_number":1,"box":{"x":52,"y":140,"width":201,"height":22}},{"id":"f3599499-cb90-491a-aaa5-573a0ffe4587","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"9f4ef3a5-13cb-4018-ae3b-3d0373939e08","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"b8118f36-0cb3-49ee-8fb8-28143bed8078","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"c850a796-a0c6-4218-adb8-d5979d73de26","block_type":"box","text":"LU2356060892","page_number":1,"box":{"x":754,"y":107,"width":84,"height":6}},{"id":"82d8d1ce-3d69-4c19-9679-cb351068cb47","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"7c1ab264-4154-442a-b32d-8b9aad868021","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":199,"width":225,"height":16}},{"id":"211fdc77-1fbb-4eca-b11b-72ab16074ac1","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":232,"width":844,"height":7}},{"id":"394775ee-ebbe-4bf2-afd2-e0feb324c386","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":246,"width":875,"height":7}},{"id":"0ea30cb2-eed8-4bc1-9a11-8acb34355691","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":256,"width":481,"height":8}},{"id":"aba18fb7-56d2-464a-aea5-9b02531a603d","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":270,"width":123,"height":7}},{"id":"e1a5b45f-aaed-4b35-a149-40f1ce252cfc","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":301,"width":123,"height":9}},{"id":"ea928e95-83d1-41f7-85a7-d579c4a2b264","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":301,"width":125,"height":8}},{"id":"b19b88e5-7391-42a7-b5af-f1964d1d65ef","block_type":"box","text":"10.93%","page_number":1,"box":{"x":105,"y":327,"width":60,"height":7}},{"id":"1d1bae0d-f891-49e6-a1a6-9e7bd25fc688","block_type":"box","text":"3.67%","page_number":1,"box":{"x":338,"y":327,"width":51,"height":7}},{"id":"0071be60-856e-4053-b08e-f58160caf572","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":356,"width":93,"height":7}},{"id":"fd52d0c1-d277-4b84-a817-14d8b0b32136","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":357,"width":53,"height":6}},{"id":"63bca600-1617-4e30-9542-9ead31e3959a","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":356,"width":93,"height":7}},{"id":"e65251ac-7769-416e-8fa2-2af95425077e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":357,"width":53,"height":6}},{"id":"9a09d90a-a937-4f3b-8c7c-209d8fc74610","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":398,"width":162,"height":10}},{"id":"36783d87-7476-425b-83e7-4fe7e0810aaa","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":413,"width":64,"height":9}},{"id":"407ef00e-74d9-4489-847b-eaf1a1e8d267","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":398,"width":146,"height":8}},{"id":"4c9e9cbd-25e7-4976-8b0d-30acec272354","block_type":"box","text":"2.57","page_number":1,"box":{"x":105,"y":436,"width":39,"height":8}},{"id":"f58d9964-42b3-4a44-9a65-c16aac23b33e","block_type":"box","text":"0.37","page_number":1,"box":{"x":338,"y":436,"width":40,"height":8}},{"id":"35c87458-7c2e-4778-8ea8-8f834f160e53","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":452,"width":111,"height":7}},{"id":"35d98352-bc88-42ba-a5c9-91265e327fee","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":465,"width":93,"height":8}},{"id":"94eab130-3bc3-4e17-850e-369e250c7eca","block_type":"box","text":"99.75%","page_number":1,"box":{"x":182,"y":467,"width":46,"height":5}},{"id":"db5e647d-7143-4fd7-8bdb-471369a3e005","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":507,"width":133,"height":10}},{"id":"315a733f-4f02-4702-869b-eae6ad5faa27","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":510,"width":76,"height":6}},{"id":"f7dca6d8-7b68-4bd4-8dad-e23ea322ae91","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":526,"width":41,"height":6}},{"id":"c28d30b1-5b3a-4dbe-b6d9-6aa52b6a55a1","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":526,"width":93,"height":7}},{"id":"a115bb63-e573-4e38-ba3a-106f115b2147","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":540,"width":37,"height":7}},{"id":"b1ad04b7-c6c5-4ae5-813b-6e11211c16a8","block_type":"box","text":"16.33","page_number":1,"box":{"x":322,"y":541,"width":37,"height":6}},{"id":"17a820b3-4863-413b-89fc-89ea890908bc","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":541,"width":53,"height":6}},{"id":"62ee5854-2da4-4de2-bb99-5b296fcfc389","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":557,"width":41,"height":7}},{"id":"1b3936d5-296b-4e71-b2d3-df0dee94975b","block_type":"box","text":"5.27","page_number":1,"box":{"x":330,"y":558,"width":29,"height":6}},{"id":"314d3879-6016-44f3-a987-987aa5672814","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":558,"width":53,"height":6}},{"id":"414b9e5c-ac0c-4152-943a-d76aa9ca5a2e","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":573,"width":41,"height":7}},{"id":"e4568059-caaf-480b-a668-15474d3e9969","block_type":"box","text":"236.77","page_number":1,"box":{"x":314,"y":574,"width":45,"height":6}},{"id":"f181fc8b-ee93-4d9e-84f5-20cd6cf48e4b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":574,"width":53,"height":6}},{"id":"ed8fa2af-af85-49ba-abde-bbc9c6b7771c","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":590,"width":52,"height":7}},{"id":"8169b492-6b5f-45c9-97cc-72af836aa636","block_type":"box","text":"21.60","page_number":1,"box":{"x":322,"y":591,"width":37,"height":6}},{"id":"be19246a-ce49-4d05-bef5-2320af850515","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":591,"width":53,"height":6}},{"id":"e7ea4301-057d-4119-bda5-e7c6361f5085","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":606,"width":66,"height":8}},{"id":"776f349d-fc17-41cc-90d7-84437e12bb7b","block_type":"box","text":"271.30","page_number":1,"box":{"x":314,"y":608,"width":45,"height":6}},{"id":"8726a9ed-4b6b-46ee-aad9-92a1f49204ef","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":608,"width":53,"height":6}},{"id":"99cbfe00-6b05-4af2-9d92-5bdd25b107bc","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":302,"width":177,"height":8}},{"id":"12e704d7-587c-4acf-98ab-29c66992bbce","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":326,"width":42,"height":6}},{"id":"d09effe7-879f-4afc-ab4a-b9fc51e89ea5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":326,"width":93,"height":7}},{"id":"65a0614f-44f4-4101-bcc0-8b80b00c6bb5","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":340,"width":37,"height":7}},{"id":"da18c98c-4886-47d2-ab9f-ec4692d530bc","block_type":"box","text":"94,793.05","page_number":1,"box":{"x":772,"y":341,"width":68,"height":8}},{"id":"149169aa-f304-4b9b-bf74-8e641064be10","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":341,"width":52,"height":6}},{"id":"417223bc-ec81-4fc7-9774-bdf58a5ee9d0","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":357,"width":40,"height":7}},{"id":"cd0555ef-f3a9-4159-8205-ab0ce1d57129","block_type":"box","text":"30,593.43","page_number":1,"box":{"x":772,"y":358,"width":68,"height":7}},{"id":"4b637aa0-cc7f-4928-9ef9-5ed4dc53fb43","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":358,"width":52,"height":6}},{"id":"85ea88b5-90bd-4f01-b8c9-09bab08f33f3","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":373,"width":40,"height":8}},{"id":"52a7bc91-980b-400f-865c-31131342d818","block_type":"box","text":"1,374,191.70","page_number":1,"box":{"x":749,"y":375,"width":92,"height":7}},{"id":"cc7daafe-8a9e-4cf4-a81a-f08e6f6682e4","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":375,"width":52,"height":5}},{"id":"36b9f7f4-5125-4eeb-9ef3-63df0129a39d","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":390,"width":51,"height":7}},{"id":"15db159c-ce9a-4459-ac6e-964ea291c6fd","block_type":"box","text":"125,387.09","page_number":1,"box":{"x":765,"y":391,"width":75,"height":7}},{"id":"7c7e50f7-e5a0-4418-b0ce-516681fb024d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":391,"width":52,"height":6}},{"id":"3aee8223-5e03-4caf-9896-53053c32df0f","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":433,"width":271,"height":11}},{"id":"2284084f-8629-42f7-a9fe-cbb78dcbf3f0","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":436,"width":77,"height":6}},{"id":"2e58036e-4bc1-4356-9e97-3fd52a7e7def","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":457,"width":42,"height":6}},{"id":"8383917e-133c-4f7f-a2c9-a860eb4eecc1","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":457,"width":93,"height":8}},{"id":"b4d17b03-bf9f-41b4-8a18-8c5108732005","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":471,"width":37,"height":7}},{"id":"45a700c1-cb4c-4cec-a627-0ca5f365bf33","block_type":"box","text":"44.99","page_number":1,"box":{"x":803,"y":472,"width":37,"height":6}},{"id":"042fad25-d737-4844-825f-afd919447b2b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":472,"width":52,"height":6}},{"id":"54a7acb8-0919-4889-bec7-e63b15bc7e9a","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":488,"width":40,"height":7}},{"id":"53d9a1c4-4256-4744-ad2b-40d5e36da118","block_type":"box","text":"20.85","page_number":1,"box":{"x":803,"y":489,"width":37,"height":6}},{"id":"f5d9c9a3-c7bd-4cff-a4ae-3a6cfa8b996d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":489,"width":52,"height":6}},{"id":"974fd0b6-d21b-48fa-b038-7632130d7a66","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":504,"width":40,"height":8}},{"id":"cad1bbcc-5d6e-441b-861e-b26385479519","block_type":"box","text":"627.18","page_number":1,"box":{"x":795,"y":506,"width":46,"height":5}},{"id":"63ecf6f5-99f7-47b7-855c-d52220a40412","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":506,"width":52,"height":5}},{"id":"3ce43ae4-a40d-45bf-87b4-39e36c735dd1","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":521,"width":51,"height":7}},{"id":"f1c44d09-bd89-4939-bf78-6099d32c7a83","block_type":"box","text":"65.77","page_number":1,"box":{"x":803,"y":522,"width":37,"height":6}},{"id":"fd2eb201-084d-4d2f-b41c-7ab1226ab8cb","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":522,"width":52,"height":6}},{"id":"fc90b3f0-f284-44c5-a414-d9a0fa116299","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":538,"width":66,"height":7}},{"id":"ad4461f0-33c2-4794-8e8a-59dfc7acf606","block_type":"box","text":"691.84","page_number":1,"box":{"x":795,"y":539,"width":46,"height":6}},{"id":"a947e2a0-69fa-4783-a06c-7bdde71c4231","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":539,"width":52,"height":6}},{"id":"fab41b31-b6b8-4fba-88c3-bfc539206de5","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":580,"width":189,"height":10}},{"id":"2c7fa96d-17e5-43d3-8956-b6c33bb6ec49","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":606,"width":82,"height":7}},{"id":"6cb04e73-034b-482d-aad7-6111612b622b","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":606,"width":42,"height":6}},{"id":"dfd3a880-972d-4f26-9d7b-9c20b4fb48bd","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":606,"width":93,"height":7}},{"id":"dced0da4-7ba8-4667-a665-4198e14f6847","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":620,"width":127,"height":7}},{"id":"05bd612b-d79c-4436-ad02-d93ac6f1d01a","block_type":"box","text":"-7.29%","page_number":1,"box":{"x":797,"y":621,"width":44,"height":6}},{"id":"9c1a711b-0ea4-434b-84a0-255ef78e6173","block_type":"box","text":"99.80%","page_number":1,"box":{"x":903,"y":621,"width":45,"height":6}},{"id":"d13e714b-d0a9-4f18-a568-c3a8419990b0","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":636,"width":164,"height":8}},{"id":"f0503efd-ae3d-452b-ad5c-811e24bea368","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":653,"width":127,"height":7}},{"id":"3eb6bffb-bd6b-43b4-965c-80b17a3e36a6","block_type":"box","text":"0.59%","page_number":1,"box":{"x":803,"y":654,"width":38,"height":6}},{"id":"24ee4984-86f0-4bd1-b491-c0b7989e6dad","block_type":"box","text":"94.91%","page_number":1,"box":{"x":903,"y":654,"width":45,"height":6}},{"id":"8653b99c-4e1c-4d2f-abc3-7811f7b59dd1","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":670,"width":95,"height":7}},{"id":"55976db6-6b2c-482b-a21d-6b483beb0d7d","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":686,"width":127,"height":8}},{"id":"265ba1e8-42c1-4dd0-9618-9d8405e132f6","block_type":"box","text":"-0.29%","page_number":1,"box":{"x":797,"y":687,"width":44,"height":6}},{"id":"ae5e8d58-1558-4dca-b2e2-5cd533d3d93f","block_type":"box","text":"99.20%","page_number":1,"box":{"x":903,"y":687,"width":45,"height":6}},{"id":"b6e6636e-8421-47e0-ad69-49d3d5a1006f","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":703,"width":79,"height":6}},{"id":"a610a76d-b198-4c4b-9c32-6b41f378401b","block_type":"box","text":"-0.87%","page_number":1,"box":{"x":797,"y":704,"width":44,"height":6}},{"id":"44d08c9b-70c6-4aa5-a328-1d0811e9dc17","block_type":"box","text":"99.20%","page_number":1,"box":{"x":903,"y":704,"width":45,"height":6}},{"id":"368ad602-3be3-4b28-8c97-bbc852738d13","block_type":"box","text":"Report ID: 5592733.1","page_number":1,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"c7015601-1c64-489c-8d2a-70373698a9ee","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"158ed888-0fae-4eac-9e58-36195fa7a7ea","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"163d095e-e37d-4264-a311-987dfccc7625","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"9a4d3e64-e5c8-4b92-b536-d45d7a4c265b","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"248cd165-af96-4d9b-8369-bcd6ebec9c97","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"95ed9b45-138d-41f5-8919-36c07880865b","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"127f9afe-be92-4505-808a-6ff096bf6fd9","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"4f48e1a8-8b8a-472d-a493-3db18dd6e0a9","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"fb078651-dd29-482e-9700-9562d16c7cb4","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"a53da5c2-d1bc-4364-bfc7-4a5869f9b05c","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":"85da99d9-22c0-435d-8e84-1f13dc76920b","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":"5cb69284-3091-4081-90a6-30c0da46e762","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"f9d83d40-93b3-4a49-93d3-428f2a355ab6","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"9dc866b5-e7f9-4961-a0cd-2081af438b73","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"0fcbad81-0049-45cd-84fe-49f71c572712","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"470f6251-a34b-45ec-940b-97032111db99","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":"edf126d9-a15c-4023-a5a6-60cedfbc0d9f","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"dcb1bd35-3501-451c-a201-f6a34d0060b6","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"f5205018-cb80-4c74-9e33-17c2dfea7682","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"80c3da99-9c76-4a7d-8369-873dc9c060ad","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"54db3ce5-1ebf-47db-8567-fb78186db9d7","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"8f936a67-399e-482e-b2f0-439caca4207d","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":"a0bf7c4d-09ca-4f58-a1fa-de19113fa99b","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":"0401dcc5-ecdb-4e2d-9e90-519c78b37771","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":"8cafac9a-1c44-4511-af7c-ae10196b7c69","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":"4647ef98-2298-4d7e-9488-ac0852c0b051","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":"38e010d0-9fc5-45fe-8fb2-a905ad4a3754","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":"144f43da-4de1-4290-bc88-bcbeec41bdf9","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"3d189969-e6f2-4ad0-96cb-bcf0ebfc8369","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"3370a425-8ac4-439b-ba6b-54e0b463aa75","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"aed75920-f56a-4334-9872-8ee4b4779297","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":"acd11aba-148f-48ac-8555-42f14c3f33b9","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"f1f6b58e-dfd5-4aa6-8f77-fcf535c6bb73","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"670ae745-4246-4abe-9aa3-3b52376fef1c","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":"03b00f39-6a31-4b87-88eb-ca2ff7fee291","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":"df584f62-603a-49e1-b29e-e66d9376c8c3","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":"f9a1eb07-95ef-4884-a104-0991a5c05126","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":"b04bcb31-ddd9-4e18-a53b-fe8aa0a23f8b","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":"80deebe5-7c88-468b-a059-f03a909ec221","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"4bbcce8e-34ac-48f1-bdfc-910e6fc29cb0","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"1607b6c1-fcf5-4c21-9ff8-89199eb49f81","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"5353439b-0634-47eb-a6bf-08bbb8219ceb","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":"0d96c2ff-9383-4ea3-9669-99dad581b1fd","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"3a1e5723-1d88-4c3f-b70c-8f86f82e3f38","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"93ee6a62-802f-4b98-b539-e83db4c1e231","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":"c2518c53-2cf0-408f-ab96-633b8f2ab858","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"1ec641ae-67cd-4f32-bea5-9bb5c7d37219","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"5250a711-5f5f-4d5f-ad53-b688c8a9565a","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"98d21b81-b5e3-40f1-91ba-be8881126c91","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"782f4232-4afa-4404-b4fd-c9deecf16b16","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":"45a469d0-54b2-4bbd-acd7-a29fd4e1a554","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"5890d61b-897f-49eb-a2a8-3202b19c5f80","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"f6718c44-dcf3-4edc-ab69-ba06a676c6c1","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"3c1616e6-114b-4b9b-82fd-691a504b3853","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":"bd610abc-dea2-4b5c-bb32-cac8afb93b45","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":"b29d04d2-3d1b-46fb-ade8-6e32f38c8f26","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":"72975ba2-96cf-4ebb-8f7d-4c7f564a4b29","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":"ced458f3-ac6e-4638-bffe-f4d4bb289593","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":"0dc5bf13-5449-4468-9a5a-1915279d8b56","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":"244067b1-f463-47cb-8712-1b962b8913f0","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":"7e49694a-26bd-449a-8503-ef3a169cc4a1","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":"985aa342-ae18-479e-95cd-7039699721c0","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"1d1b0bd9-4303-4102-ab33-3a406c6dacd0","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":"1a689ecf-c6c6-40ff-81f1-ce1a5ceaf75c","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"8ff2078e-146e-477f-86e1-f79830a35933","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"9045c8fd-f6ca-4a7a-9630-e6a123f3a62a","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":"a9c132ff-dd95-4230-8a6b-d5a7f216b1c3","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":"3f71321a-8c50-4723-8812-c3dab8b7c85c","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":"8f673c90-2807-470e-9d5f-3e708494f32c","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":"6ba2077b-ec50-4bc6-9c4f-545b8918c3ad","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"79292659-c52d-4405-8960-9da865c276e9","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"6db6ee72-4ec0-4dea-8c29-47a14f30f97a","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":"bde17216-f74f-4be1-80d0-fd4f20d3d4c3","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":"6e774eac-b51f-40c5-954a-b200f0c612c5","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"7ebfe893-fb99-42c5-88fd-765514a8c672","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":"d5f59a26-5594-46e8-af94-cccda9258aec","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":"f2f63d3e-e046-4679-b2ac-d65d6fd9cc37","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":"6ceb5bbc-7888-47f4-96ff-e4df1d5e096e","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":"7560d64f-00f3-4591-9f19-77b51f8848c6","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"e3ddd67e-73c4-4610-bc6a-d31f808557f8","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":"9f5a8919-4dac-4763-854a-8cff955d1d51","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":"ca35bb0a-8c53-4250-84d6-faa57e92c13e","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":"2249af42-c4c1-4555-8f76-42c2563b4973","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"69983cc1-f66e-4151-be3d-c8d0cdd258ca","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"c86ba6eb-3ff0-4ba5-86ed-699f8bbc80de","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":"43066f51-e360-434e-9297-dfcd1fe79a7f","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"d6488265-33cc-43b8-beae-d9cf17b4fcc5","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":"fed41ea4-b8ca-4f3a-87a9-2158a8f1b690","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":"d143cbe4-d2d4-408d-8d53-998d4377a8c3","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"f900d3ae-e7d6-4513-b45a-22f55920357c","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":"ddaaf7ab-9eed-44fe-9dff-5ce39237e74e","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":"80cd78f7-9dda-4f4d-9762-d0a80a73c93f","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"157fd233-ad7c-439c-96eb-2eabf4ec68dc","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"88e2c0a9-cb4b-4804-a18c-bd92b0e0b5fd","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":"17e3a7e5-6df8-46f4-816d-2fd321c44e10","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":"48c30f62-6234-4a50-a5c7-d59191afaf25","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":"773ebf34-966c-428f-aeb1-6ed3f1643d76","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":"bedffdba-3764-4f68-a1bd-29488989cc75","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":"9be69374-4382-4429-bf1c-d353fe7abf03","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":"6480b9fc-c5da-4c8e-a7e3-949fe322dfe0","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":"4b79b327-6c69-4935-9937-cc29b20abeca","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":"99200283-68aa-4b25-b7a4-1650f254e24a","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":"b5995bed-d885-4b08-90b7-7ae6b501513a","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":"ac6384f2-2d4c-4403-a5c3-034bbe689880","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":"9dbd4e49-6d1e-484b-9427-4f5a0ada4588","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":"2c003dcf-0833-42c8-905b-286a61438aa0","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":"42a437a7-21bb-40ed-a0a7-a92a6abc4dc2","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"d8ca1463-8d5b-43d9-aaad-88aee4cd4f47","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"8fb9591e-af9f-497d-8a29-73f885e039e6","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"27bb112c-48cc-420b-86b8-986b351a346a","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"3c94bdc5-c777-4738-871d-feb3288cc94f","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":"28dfbc90-16e2-4533-a642-03fe65026704","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":"86e36f9e-558f-4637-8bd1-a04b8fba2e14","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"8f07e9d5-e0b2-4992-a616-c5ee21867f54","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"b48c1b6d-be7c-485b-8c4a-3cf46c2a6c9d","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"9ab6d7c9-0563-4690-ac46-922ab3e8f995","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"a58e8d06-5bed-4e35-bc19-4fea35da5c24","block_type":"box","text":"Report ID: 5592733.1","page_number":2,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"569f01a4-e566-4254-bb68-12124bed1ec3","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"b3686169-6ed3-4b76-bc31-59650c78131b","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"2e6c806e-6a83-4ac7-8391-a55c6f2d421b","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"b972bdc3-b5eb-4630-a410-b29c448d63a2","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"097d1cc2-fc5a-4249-8889-ebf15df1bb10","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"68330b3d-cc7a-4ceb-b469-85f1bffdf497","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"7049f5d0-ae85-40ff-80ca-ec820584bae8","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e3e22f9f-329b-4626-9010-fd5960b5a01c","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"05a7e257-4a07-43a8-a90f-478b2d9312c9","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"f50aa7ec-07cd-4ff3-81be-4244bd32f634","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":"33a9b451-4eb9-4eb3-9801-a543b2f8ff0c","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"9d5f428d-25da-4828-8a67-c70871741077","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"f0f8fa9c-fde2-498c-a322-7e235f93e433","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"1e98a300-ecf5-4b7c-b70d-4d29e6c81238","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"e3c8102e-bee0-40a8-bdbf-7d1af6a29293","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"1f379283-f0b8-4d7d-9389-97181da28702","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":"f6886513-5d5d-439c-bf8f-ea5052c777cb","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":"be816fda-127a-4335-8505-535846acd83e","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":"6f53b9ac-5427-45d6-b857-d527aeeb509f","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":"50066fc9-ef24-4100-97fe-12e34e24fa05","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":"991e30a1-be89-417d-a482-748be0d79209","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"7f596139-76fb-44c1-bce3-23c4a59a5b9c","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":"b7d9a222-eccf-4555-a5aa-0bb813e53825","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":"efbe9e93-459e-44c2-8b44-3e4ce6b1d071","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":"4ad6bec2-6bca-41fa-893e-ca47032dd913","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"da71a65a-f20f-431a-ae97-f6ae3a29bcff","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":"46cece3e-89f2-4f77-a1a4-77536baea923","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":"74bbbfcc-ee7a-4881-9684-28cd762201b2","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":"56711be1-d1e4-4b42-9048-907fd7b41128","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":"b07bf24e-d155-4d27-81a0-49c6892e0f89","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":"dd620272-3de5-4fdb-a67a-467f1409723d","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":"7ddc8b50-b771-4826-a7ac-fce3342dee28","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":"09e7086d-c758-49c1-bec0-1d061215a84a","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":"57db6146-2b64-4143-904c-27bf8157271d","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":"dc34d251-5979-4835-937f-f49758758939","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":"266d4814-04a9-473a-8c60-791a19b0c133","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":"86c1b408-f2de-4f40-af89-754ffab89e6d","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":"024c9545-cd9c-4ba3-b266-f0fcc724c33d","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":"1cdf963f-a5dc-4aee-ad75-fd9c71774a75","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":"d387c2d1-c05e-4526-89ae-c118e7dfe284","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":"a585deec-088f-47df-91cb-591ae6339ddf","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"b52cd1cf-693d-49ca-8e7b-eecca92c1300","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":"65db32e5-04e2-4012-a308-72d9805a5122","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":"2b9d13e4-6836-4d8a-9794-b59991586f72","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":"12393516-e398-4682-a0d9-7834b2ce9fa1","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":"ed2e5609-74e1-4ea5-bf61-056880328834","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"ad4642f5-1aed-4810-9216-e58794f0db65","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":"9daae514-c6fc-4acf-ba0f-80b3436b6de1","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":"a89d0da1-0106-4a30-83aa-0af15a34fd2f","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":"ac56a124-1819-42bc-b988-839e3397bf77","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":"f479df4c-576d-42a2-b5b6-9d134cb0068a","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":"0724f26c-d7bc-48fe-800e-e16b39cdc9a9","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":"3e143a65-fd6b-4c87-9984-ec102044ac0b","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"a6134874-6402-460a-b19a-136c5edad61e","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":"52479184-34f3-4ef5-ac43-51118bd0fae6","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":"d6e7e197-8d23-47fe-afb5-a158a07baff4","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"669725bd-08ce-4355-a182-228dae320b5a","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":"a9a608e2-5484-485c-8814-8aaa6c575534","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":"70fd51d9-ef31-4aae-9df0-1ab4921ca72d","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":"e4624bef-c6e8-4346-b16f-7117669f9926","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":"d6e79960-9ced-48fd-adff-8c4c35d0a930","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":"cf8730b9-f08a-4a0c-b0cf-e4e30bfc325e","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"5be2a079-1297-4188-b28c-24828466769c","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":"12b15cc3-01b9-4475-aae4-132e166f5061","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":"69db09b7-e502-4e54-971b-af79e411c55d","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":"06966ea1-b7e6-400c-81b4-18ecdefd0a1a","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":"4112a65d-5eae-4568-ab0a-17ad71024ec5","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":"02bea8d9-e07f-4aca-9a7f-1eb1fa4db9bd","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":"3ef8c431-b440-45bf-8bf9-2c27d9261a9e","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":"a2ed61bc-91e4-4cbc-b6f6-27561d93f7b5","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":"7b68aca3-92c0-4976-a088-675eda53c6c1","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":"1c027787-a703-44c5-b221-38b5b22d93c5","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":"d480ce59-e4c2-4670-a50b-2eaa0563a533","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":"64abcc48-1b26-41ec-822a-a27500c45946","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":"b4a648ce-435c-4b70-b1b7-f005a8decff3","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":"50b24f1b-d8e6-4c17-a5f3-d03feeef25e4","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":"01980dc0-c342-495e-b644-ed0a8a011ae7","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":"65fffee7-b463-42eb-998a-74bf18d3067a","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"c643ac92-4307-4d78-bdb7-21e73b724198","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":"0a5e14bd-9bc4-4d56-b7da-5ba3125d78c8","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":"65d5607e-1d27-474a-ab7d-c31942e0e0c2","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":"b9e36ccc-5356-4b76-bf81-dd3c4c1059c2","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":"c821f614-07d8-4db2-a687-3208ef375d67","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"fb764fd3-f129-4c49-a1df-9ca5e3e21e6e","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"60c76203-1c44-4365-bb5c-1a938e1b0dfc","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":"68ce0b80-2dcf-4ae6-81ea-7541cc0decff","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"af6fb0dc-0da8-4b76-9449-28531b5a4dfe","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":"78b94412-4d8e-4a3f-b4fa-12665148e87c","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":"fe13c22b-2aa6-4f17-be42-ac4d64c1e273","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"a7e562ff-45a1-4618-8d78-81f887207dd5","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":"d4a35186-ca0a-49a0-8c17-b27da8dd568e","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":"2268fc8b-b8ef-4c5f-9af3-e670395abacf","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":"1bd1e49e-6ba5-4287-8a48-cc801b77c503","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":"64e1d9f3-6000-4aba-ab62-129bfac89417","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":"cf726b72-9f1d-4167-b377-8d1e285fe1a9","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":"6576653b-09e6-4ba8-ab66-1c9d99d0e04a","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":"10e8e191-26b1-483b-9ad1-80f5e36a868d","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":"7e85fcc6-fda5-4e14-9418-f7ff1f267ee5","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":"7b538223-23e8-425f-b38e-43f768b92aa6","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":"3d9b4edc-0830-4ae0-952a-7ad4cf393b47","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":"06714dd1-66ea-4371-826b-34dbc34cafbf","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":"e606dc98-5551-490d-a903-17253cf32c40","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":"9d8fc015-ccc6-4f90-8679-23192e2d0b92","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"44873a22-05d9-4f46-b34b-f5e25cff86c4","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":"2d373c52-b051-4acb-8b75-39252190dccc","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":"f64323b0-0567-4692-bc6f-b31cf6a91af9","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":"ae794945-8dc4-4e34-8e0e-48e8eeb5a2a8","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":"57322191-3dbf-4ecc-8125-7dab6aaf01e1","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":"c189b2a9-57e8-4609-960c-4e2347a15889","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"32120b49-6c0f-40d4-9e3a-99bb83cc4acc","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":"256ce72c-01db-41a5-8dd8-eb8689dcc417","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":"9475c0b2-0a7b-443b-a51d-3e4028378968","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":"f06d68a8-e26b-4765-9cbf-21c94c535c99","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":"2f0f2437-fda7-4f5b-8196-151883559c57","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":"eaf8118d-dc67-4485-8227-c7100bf82564","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":"5b4ebfce-f2bc-430b-8cb0-4f04a3363fdf","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":"8efc3450-7ebd-4018-89aa-7c83dae4a95a","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":"af6223cd-5eee-446f-9096-e05d36ab487d","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":"7d917e7a-c693-41d5-8167-718f14140895","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":"910117ee-4dfa-49b2-8fea-74f79d826974","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":"4df86cf9-c622-44b4-9b4f-6a1955eae6c5","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":"0e00e3c9-e6e0-458d-ad05-6f312c1d7c66","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":"18ad815f-a35e-4a48-b97c-4e14d881ae9c","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":"725dcef7-160d-4ca9-94ff-9b4b1543e413","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":"1fe31ac0-c060-4130-a587-dc629fc5e810","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":"1cee12a6-99f1-41a1-a157-7b0600b12837","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":"7dd3b35d-f88c-4359-a15f-3dbb2db34c38","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":"d4e4d7bc-2d68-40cf-9610-0ed147b0be90","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":"8ce9acc3-be21-4aaa-959b-65436bfd3cb3","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":"f95f0820-2ecd-40e7-881d-bb443e6b2d6d","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":"6edb7ccf-b682-42c9-990a-d008a825a6ff","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":"94297b5c-7963-448f-a06b-4a3a3c11d34a","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":"aaef51dd-75b0-48bd-9f20-74b5b4e90b1e","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":"eee1c0c6-41f7-44dc-8a8e-2388037954d7","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":"95a33d91-1beb-4ea1-af75-1b7cfb339019","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":"96608a36-5a52-4f9a-bce4-b87294c544de","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"66dba8fb-c203-4449-a4cc-0eaf255ae955","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":"5363ae23-1af7-47d1-916b-36bcadea3182","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":"8a862ff6-162e-4011-83d9-a89d1d252120","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":"f24af765-74e7-433d-a51b-f1bc34ed2f74","block_type":"box","text":"Report ID: 5592733.1","page_number":3,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"cca6e63c-14ab-4ce9-a136-f2151a3acf27","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"eae1e045-7b7f-4267-90cd-0928c58d1e31","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"b5dfe702-4f05-4b0c-82d9-976e47941d04","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"0989eeb2-e8d9-4170-aa89-e4fcd4a7a9f3","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"1d1d8b74-07de-478b-9932-8b872415a248","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"9870bf22-26e8-4f13-a326-844d60222bde","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"1bca9d8c-d65c-43c3-a179-013d1e506bbd","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"5cdd8dc2-f56b-4d35-9f03-c847e2ead4af","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"60cc2e9a-4b3f-4c6c-9976-1bc2c9c2e6af","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":"a19cb57a-1429-43dc-9f16-a623fffc0cdc","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":"8d1958f2-19a8-4fc8-8768-47bfd20b57be","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"efad5072-90a3-4948-a455-94d584fe16df","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":"05d2c256-d269-4e9f-9d9b-802e814db641","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":"e3dddf29-79f8-4b27-a01f-e5660163fbe8","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"6cd050e5-b949-4eff-922b-84808befbf90","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":"13ce9b03-6ef9-48a2-9bbb-a3f5a6423d41","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":"b9a76d35-7e60-49e4-9d82-4a1c2775cd96","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":"77f030c2-5fac-491e-9fa4-ca782d2bfdde","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":"20d5c594-8e81-4be1-97dc-8d68edd956d1","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":"447eb6db-041b-4329-918e-45ce652ed30f","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"01c92fab-2427-4bfe-86c5-1fecbb94a7c2","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"3510fd95-d339-4d65-ac62-7b59daf49c8d","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"0d7dcc57-1a87-4c40-989c-7f7114247126","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":"b9debc95-5e57-4c59-b4e4-9295ed5ae88a","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"b0aee795-cd95-488c-aee2-948a84ad301c","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":"22cfcf99-561b-4ebe-98cf-4d528d14752c","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":"be09be79-64d4-497a-a3fa-8122f324fb3c","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":"1485cddb-35e8-4c09-9ab7-8f2086d2f8be","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":"33b1c68f-fe95-4111-9069-bedb82ac5f5d","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"3a702164-6f6c-416e-bfed-426d4ffade97","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":"17a5ce48-3666-42d2-8ac6-2011f9e11c7a","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"fae0a1be-55f3-4339-a1b8-71cf53af367c","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":"b0ac9bc3-f189-4cab-83c4-f9b44550781e","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":"cfebade9-461e-4b63-ad71-2146a5cd5c12","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":"f8488277-58ca-463e-9582-e4efaab419b2","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":"9aaee788-8f4d-4350-81d6-e819ec564d62","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":"3b0baceb-3692-4c5b-ba8b-77ec4b74ece4","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":"2b18b362-3082-439f-8a4d-87bd9180ee28","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":"c9fcbaad-fcaf-4fac-b01c-83a5ab5b52fb","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":"2aa969f5-c775-4278-925f-66d61b6c56b7","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":"b9261807-9a5e-4f35-bc2d-4b17a7b3383c","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"695951aa-c25b-4667-bbb4-a2bf60947d08","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":"fb308d0e-9905-4d7b-965c-15445b065dc5","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":"3d5e55c7-de31-4962-86e3-195184be7bb7","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":"bc374f32-c858-4940-875b-afa3584994e5","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"85e981ae-1445-4ad2-83b9-482551f04329","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":"31e1e268-ce61-47fa-8715-b3e28855facb","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":"60456af8-bd29-4515-af73-b8b2d9611994","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":"b0abf966-cdff-461c-9d49-31f9b6e0d589","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":"9bb555fb-c0d4-4368-a070-f97f02725c44","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":"f0c66e09-e3e1-47b6-aca7-0d1c52c35902","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":"dadeeff3-3907-478f-9550-e5a2ede405be","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":"966974bc-de1a-410a-adf8-3bc3abfb2e46","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":"203a907e-899b-46b5-9cc7-efa0a0292488","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":"d0c42c9a-86fa-4b9f-994f-a5aaf2da6b2f","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":"a328a8dd-9b34-463b-a1e0-df92fe8851c5","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":"da88f607-7da0-4e82-8671-38470146c383","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":"fd984763-f2e4-4eed-a9f4-120753781a5f","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"70c3093e-9f5e-4d9c-911e-55d96f40ff45","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":"2a1c94a5-6cba-4536-8665-7d0f79282750","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":"5b6cb3c9-77b3-4e86-a1cd-ff4791faf216","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":"cb04e297-1024-4c58-8b13-3d6196d98e52","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"c12d6e76-bfe8-4b2f-8fea-ad9941408b35","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"a367a47e-c281-4b7d-a4a5-7914bbbc4d4f","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"1d2e7a11-8fee-46c6-abec-703d4519940c","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"d5fb01e4-b347-4ddc-8866-f98514ad666f","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"ff34dba4-7dd4-4de2-aa76-3cccf546db3e","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"2b9ccb3a-aa71-4101-8ee6-731022c3b977","block_type":"box","text":"Report ID: 5592733.1","page_number":4,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"e43b4532-b7d1-4d77-8eaf-55bf52c5e047","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"4ef4dce6-337d-47ff-bf94-93175a668eec","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"f5e70c6e-dc41-4d1d-abd2-d60468462f94","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"b4db48dc-e6a1-4b0e-a772-b35702b87bed","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"82713b59-f9c5-4ba1-8d69-6711e1463710","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"1d44069d-0f48-4f29-87b7-d000ec5d6400","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"7d810260-3d4f-4cae-a187-bd2ba4529a4f","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"03673c9f-2a40-44ad-bfe5-8b1f44550029","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":"5c7a2e2d-9ac0-416e-92c7-20ccd61ca606"},"user_id":1000002,"date_created":"2026-10-05T20:48:57.856000Z","date_modified":"2026-10-05T20:48:57.856000Z","private":false}