{"annotation_id":"1a01e465-869e-4650-a2eb-a6563f9a6646","file_hash":"1b0c0ee5a0c3701d7606c02afe0b2e10d3ad0722c466186829ad7f38e7b8481a","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"670b3a68-8ee8-452f-9a3f-dff4bb3d6705","block_type":"box","text":"State Street Euro Systematic","page_number":1,"box":{"x":51,"y":71,"width":506,"height":23}},{"id":"2b1718e1-ed61-44da-a7ce-40733066d4a8","block_type":"box","text":"Corporate Bond Tilted Beta Fund - P","page_number":1,"box":{"x":51,"y":105,"width":619,"height":23}},{"id":"3fdb39af-2247-45d1-96a3-441b4e151ce1","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"e3695287-8084-44ee-9a3b-ff25be78762c","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"aec79bc1-dd25-492d-914e-e3e0d123ea23","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"06067a35-a113-4b6c-8c72-3467c0a6b800","block_type":"box","text":"LU2373031215","page_number":1,"box":{"x":754,"y":107,"width":77,"height":6}},{"id":"1844714f-b3ea-4e97-b839-50a3d8dd22f6","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"242444c3-428c-4465-a0a4-4facb42ea92a","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"1cfa43be-db5a-419a-92c2-4e79d4671c04","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI, Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":221,"width":878,"height":7}},{"id":"25040a59-cb54-479a-864b-af6ead0fbc59","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":"e9732648-4252-4502-ac2c-3f21828d01a5","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":"95707bfb-a740-41df-9bbc-e408b74553b6","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"11d40859-ef1d-4da5-921b-5f960726aa81","block_type":"box","text":"Companies with SBTi","page_number":1,"box":{"x":50,"y":290,"width":164,"height":10}},{"id":"ad744051-c133-4423-9fc1-7ac9ff5e00bd","block_type":"box","text":"Approved Targets","page_number":1,"box":{"x":50,"y":305,"width":138,"height":10}},{"id":"d86119fe-61cc-4a0a-b175-cb3e79143fe5","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":291,"width":146,"height":8}},{"id":"2097d876-ea38-460e-87d4-e54b19acd626","block_type":"box","text":"52.45%","page_number":1,"box":{"x":105,"y":329,"width":60,"height":8}},{"id":"f3d2c5ec-eafd-4256-9847-bf179da387e7","block_type":"box","text":"0.12","page_number":1,"box":{"x":338,"y":329,"width":39,"height":8}},{"id":"6807eb0b-138d-40a6-8b1f-96ad9d273ca8","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":345,"width":111,"height":6}},{"id":"56702dc0-1be1-4ba3-97ff-f03b3b68220d","block_type":"box","text":"Green/Fossil Fuel","page_number":1,"box":{"x":50,"y":376,"width":134,"height":9}},{"id":"53353ce3-4963-4925-bb5d-59fcfbbdee31","block_type":"box","text":"Based Revenue Ratio","page_number":1,"box":{"x":51,"y":391,"width":157,"height":8}},{"id":"af2c8bd2-34c4-459a-8b0c-400c6fc0bf85","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":284,"y":377,"width":96,"height":8}},{"id":"82aa8d80-f70d-48f4-b81f-bd1dfe8af88a","block_type":"box","text":"7.33","page_number":1,"box":{"x":104,"y":415,"width":40,"height":8}},{"id":"fb4850fb-e95c-410e-881c-9ac804fb245d","block_type":"box","text":"27.19%","page_number":1,"box":{"x":338,"y":415,"width":61,"height":8}},{"id":"fa928ac4-06fa-4428-bc1c-7b49d3d16f9e","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":51,"y":463,"width":125,"height":8}},{"id":"b0cee9d6-d2cc-49e0-a2ef-59295b34c155","block_type":"box","text":"Low Carbon Transition","page_number":1,"box":{"x":284,"y":462,"width":175,"height":8}},{"id":"3fb471ef-23ac-4368-9c4a-f980e17e58ad","block_type":"box","text":"Score","page_number":1,"box":{"x":284,"y":477,"width":43,"height":8}},{"id":"d9b75b1f-2f53-4d21-83a4-f46639f65d2a","block_type":"box","text":"0.86%","page_number":1,"box":{"x":104,"y":501,"width":51,"height":7}},{"id":"aa92b1ba-e226-4e10-ba23-a80342d7e9eb","block_type":"box","text":"6.10","page_number":1,"box":{"x":338,"y":501,"width":40,"height":7}},{"id":"30e1fd29-38ba-4cb3-9a7a-69330e9d9383","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":530,"width":93,"height":7}},{"id":"aa20f38c-0181-48df-8304-874494c1c26e","block_type":"box","text":"96.79%","page_number":1,"box":{"x":182,"y":531,"width":46,"height":6}},{"id":"9682b65c-6646-4d62-a960-35db3e958f8f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":530,"width":93,"height":7}},{"id":"3d1d36e9-3e18-4d50-aa61-f6a6c29f98c4","block_type":"box","text":"95.44%","page_number":1,"box":{"x":416,"y":531,"width":45,"height":6}},{"id":"2905babb-c1c9-4648-b867-04e015aedd60","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":562,"width":162,"height":10}},{"id":"938e0868-a12e-4ec9-bd50-a50bbaccd5fd","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":577,"width":64,"height":9}},{"id":"4008f71d-b887-43d0-a46c-c867c4f8e04b","block_type":"box","text":"2.03","page_number":1,"box":{"x":105,"y":600,"width":39,"height":8}},{"id":"11bda70e-4fbe-4d22-9897-83e7751066f1","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":629,"width":93,"height":8}},{"id":"b5281c1f-b58f-4bfc-a065-df9ce90decb4","block_type":"box","text":"85.41%","page_number":1,"box":{"x":182,"y":631,"width":46,"height":5}},{"id":"c18cf65c-55d7-4b2d-837d-c239b188549b","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":661,"width":133,"height":10}},{"id":"eafad10d-e5d9-441e-b0c0-cb8b73ec3bf2","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":664,"width":76,"height":5}},{"id":"1fac8e9d-1415-44ba-abdf-ccfa7a74db79","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":680,"width":41,"height":6}},{"id":"f86b5089-ecad-4fe1-8990-f3968993cb0e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":680,"width":93,"height":7}},{"id":"6d4b78af-af30-438c-a680-062af8de21df","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":694,"width":37,"height":7}},{"id":"b28f04c5-0af8-44e1-81ac-0fb8e81b1792","block_type":"box","text":"22.94","page_number":1,"box":{"x":322,"y":695,"width":37,"height":6}},{"id":"1ddf0f28-ab01-424d-92fd-5fe8d9e70815","block_type":"box","text":"96.79%","page_number":1,"box":{"x":438,"y":695,"width":45,"height":6}},{"id":"33b4552b-55ef-499e-b96c-1eddaab9232a","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":710,"width":41,"height":8}},{"id":"59e2910e-e9e8-49f6-8f54-e930b85c88fb","block_type":"box","text":"7.16","page_number":1,"box":{"x":330,"y":712,"width":29,"height":5}},{"id":"2b8cd36c-5c2d-46ab-a263-50534ac6ed5f","block_type":"box","text":"96.79%","page_number":1,"box":{"x":438,"y":712,"width":45,"height":5}},{"id":"1374e6ea-ecd8-4e52-bcae-3f067ee3ce2b","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":727,"width":41,"height":7}},{"id":"ed7b469c-e70e-41e6-944c-8d47f036a432","block_type":"box","text":"310.38","page_number":1,"box":{"x":314,"y":728,"width":45,"height":6}},{"id":"a165e4aa-59b1-408b-b0c1-0688f53a2e85","block_type":"box","text":"96.79%","page_number":1,"box":{"x":438,"y":728,"width":45,"height":6}},{"id":"fefebfd5-d88b-4493-b004-4bb3907f9c58","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":744,"width":52,"height":7}},{"id":"58df2ed1-2b5e-4c79-9144-e593a87d5637","block_type":"box","text":"30.11","page_number":1,"box":{"x":322,"y":745,"width":37,"height":6}},{"id":"7bcb79a9-3520-48a9-99fe-00a9b74cda25","block_type":"box","text":"96.79%","page_number":1,"box":{"x":438,"y":745,"width":45,"height":6}},{"id":"8b0d7d16-3b01-4782-9698-92b5a30093cb","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":760,"width":66,"height":8}},{"id":"dd3de337-f8ef-4c7a-be19-a7e4d5f63d45","block_type":"box","text":"349.57","page_number":1,"box":{"x":314,"y":762,"width":45,"height":5}},{"id":"6f901f4a-6696-400e-abec-b94758df1c40","block_type":"box","text":"96.52%","page_number":1,"box":{"x":438,"y":762,"width":45,"height":5}},{"id":"191c2107-51b9-4be8-afb0-a0bbe5231689","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"7f0f7282-b70e-4a0c-9c00-0cd00bd0dfa5","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"7c898bd5-5c2c-4ca2-b541-3966b8e024f9","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"12dd2aaf-db1d-4810-9ce3-4ae56072a368","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"6e27538d-8ebc-4ad6-b22e-6351e7ad9b4b","block_type":"box","text":"6,861.33","page_number":1,"box":{"x":780,"y":330,"width":60,"height":7}},{"id":"39848aa8-0420-412a-bbba-f6c847d9a237","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":330,"width":45,"height":6}},{"id":"5de96ceb-3531-4e2a-96d4-6886559b6247","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"7c27fe35-d0b8-4a1e-a087-41de09fa6db6","block_type":"box","text":"2,142.62","page_number":1,"box":{"x":780,"y":347,"width":60,"height":7}},{"id":"e18ffec1-eeed-483a-add4-e1a866986fee","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":347,"width":45,"height":6}},{"id":"7077d1f7-1a66-463f-a55f-7bdbc4be6c2f","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"6fbcf6e1-6f3c-407a-b7a1-fd772eefd328","block_type":"box","text":"92,824.51","page_number":1,"box":{"x":772,"y":363,"width":69,"height":8}},{"id":"567bea61-1fbe-4903-988d-6a518359af69","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":363,"width":45,"height":6}},{"id":"95482c2d-af75-4cd7-9cc8-26466e1ba7a7","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"d4db2638-8207-4024-9629-40d77cae6fdd","block_type":"box","text":"9,003.77","page_number":1,"box":{"x":780,"y":380,"width":60,"height":7}},{"id":"9d30baff-e28d-445d-8734-abe015e52122","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":380,"width":45,"height":6}},{"id":"7134b09c-98e4-4f50-97eb-aea5b1b91084","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"8c2da35e-89fe-49e5-8237-8a62e53b2cf0","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"595273b7-3e05-4a20-9568-9d67c2543208","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"536b2ade-8c42-48bb-9009-2f17cabe1975","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"a2e4eabc-c608-47a0-9c78-60d0709c75e6","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"05c73d46-da71-4b4c-aac1-3077dda666c3","block_type":"box","text":"16.01","page_number":1,"box":{"x":803,"y":461,"width":38,"height":6}},{"id":"58432503-b45a-4f33-9eb8-b944c8a7acce","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":461,"width":45,"height":6}},{"id":"9368b867-583c-40ce-ada6-6cd504b8e8be","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"024d9954-fdee-4eb8-801b-23b0399fc4dd","block_type":"box","text":"11.25","page_number":1,"box":{"x":803,"y":478,"width":37,"height":6}},{"id":"6abfd7ff-8451-40d5-bdae-4fc52cb20211","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":478,"width":45,"height":6}},{"id":"034d5946-189b-4296-81cd-77161869e1bf","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"0ee2afe8-9ce3-4651-b0f4-9beffb38b87b","block_type":"box","text":"355.45","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"a6b4ea4d-28c7-4310-bf5c-b09735e0713e","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":495,"width":45,"height":5}},{"id":"48fd7d4c-99d0-476c-9705-a555b1c87213","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"30a9367b-10f3-48d9-a43f-c706f9ff27a0","block_type":"box","text":"27.26","page_number":1,"box":{"x":803,"y":511,"width":38,"height":6}},{"id":"92492ed3-413e-4b1b-9d8c-0c7e5e06430b","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":511,"width":45,"height":6}},{"id":"443aa533-d2ff-4b6b-8591-a53c0c264f2b","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"6b789c38-089c-4055-8266-77ce08bc132a","block_type":"box","text":"381.02","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"0ac595d0-b49d-407a-8302-e2feecf5eb40","block_type":"box","text":"96.79%","page_number":1,"box":{"x":903,"y":528,"width":45,"height":6}},{"id":"202900b3-5f98-4dbf-8ee4-7831746c6bea","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"4a29c646-d3b6-4020-a4c1-79e597014d65","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"32e29d7c-36e4-4f37-acaf-372edb4ea8a1","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"72e903f3-0ee8-4e38-aba2-1b45d95be9e6","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"b6596bfc-49af-4960-861f-609f015bac1c","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"21280cf4-e5df-4c95-83df-cd4bd5f294b7","block_type":"box","text":"-12.57%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"356bd00d-2d4e-4bec-9689-58c14a50ab13","block_type":"box","text":"85.45%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"f4bc919c-4b02-421e-a9a9-0fd62e83c129","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":625,"width":134,"height":8}},{"id":"431a3640-5d66-4f85-a6c1-b9c3117a121c","block_type":"box","text":"-3.90%","page_number":1,"box":{"x":797,"y":626,"width":44,"height":6}},{"id":"0fc8d09d-6359-4152-a08d-5129cbe9a73d","block_type":"box","text":"85.45%","page_number":1,"box":{"x":903,"y":626,"width":45,"height":6}},{"id":"3e89afc0-df50-4b89-9719-bb52c897cd1a","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":642,"width":79,"height":6}},{"id":"28f4ddf5-c9f9-4f19-8f5d-e6b34be1c791","block_type":"box","text":"-2.53%","page_number":1,"box":{"x":797,"y":643,"width":44,"height":6}},{"id":"a839b3b3-a2b9-4db3-9759-a566317db340","block_type":"box","text":"85.45%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"5ba5ed94-c431-4a0e-86ae-e2a49ca492d4","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":658,"width":164,"height":8}},{"id":"f3c8954f-33f7-46d6-addd-224ffd926320","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"e4d4513d-380a-4d6b-aa04-06531730bea9","block_type":"box","text":"2.10%","page_number":1,"box":{"x":803,"y":676,"width":38,"height":6}},{"id":"5ec86767-8440-41ea-bf4d-2658d8d13fa9","block_type":"box","text":"74.70%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"1354b156-9395-436b-8da1-3a6e394d6533","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":692,"width":134,"height":7}},{"id":"59986212-5ebc-4d12-93ac-516a7c000a9e","block_type":"box","text":"0.40%","page_number":1,"box":{"x":803,"y":693,"width":38,"height":6}},{"id":"1d207d75-8076-441f-bebb-7cc605815f45","block_type":"box","text":"74.70%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"36ce976c-508f-44da-8916-5d4703578af8","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":708,"width":79,"height":7}},{"id":"57d29610-83c2-4814-865a-51484b10953b","block_type":"box","text":"0.41%","page_number":1,"box":{"x":803,"y":710,"width":38,"height":5}},{"id":"26e9d4f3-048b-468e-ab36-0252b778d9da","block_type":"box","text":"74.70%","page_number":1,"box":{"x":903,"y":710,"width":45,"height":5}},{"id":"24020a1d-a645-41ef-be80-806b294eab10","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":725,"width":95,"height":7}},{"id":"5045eb2b-40a6-4718-a25d-e374c3b2b6ba","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":742,"width":127,"height":7}},{"id":"f79156c7-1302-439f-881e-0ad1a02f8940","block_type":"box","text":"-0.27%","page_number":1,"box":{"x":797,"y":743,"width":44,"height":6}},{"id":"ede79cc9-035c-49b3-acbe-e7eff86502ca","block_type":"box","text":"85.34%","page_number":1,"box":{"x":903,"y":743,"width":45,"height":6}},{"id":"ff02bc6e-a3d2-421e-b24e-f0f1a91b75bb","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":758,"width":134,"height":8}},{"id":"e403ef83-734a-411b-bf80-93a14b845ada","block_type":"box","text":"-0.59%","page_number":1,"box":{"x":797,"y":759,"width":44,"height":6}},{"id":"c93f4430-d5a6-49f7-b8e5-c764cd417c5f","block_type":"box","text":"85.34%","page_number":1,"box":{"x":903,"y":759,"width":45,"height":6}},{"id":"8c10f2f5-b1de-4181-9a86-42f0c122ad27","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":775,"width":79,"height":6}},{"id":"023a8d20-3746-4c6b-bd8f-82df305ab596","block_type":"box","text":"-0.93%","page_number":1,"box":{"x":797,"y":776,"width":44,"height":6}},{"id":"53544059-b23a-4d6d-813f-b89e9db97c6e","block_type":"box","text":"85.34%","page_number":1,"box":{"x":903,"y":776,"width":45,"height":6}},{"id":"85a74547-5b4f-427c-bf10-db919a1cb132","block_type":"box","text":"Report ID: 5648762.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"406253c3-ca5a-4fb3-a345-dddaf60a13c3","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"391c80bd-ab51-436c-b102-36c69dff3c90","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"4afe2891-a20a-405f-bdee-a743c8f47288","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"64cda8c6-4003-48f8-9b53-64bb78850747","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"ae438e5b-3110-40f6-87dd-1ebcdd94c35c","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"b30cc480-f022-4a8d-b442-70fd85fd6090","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"5a204a5a-70b3-42b4-9636-f7861d0eb810","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"434c8b3b-cfd1-4be3-8d6a-3d5b3f376804","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"c98036de-0c4d-4c16-a208-6a4f90148376","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"b459cf84-873b-415b-a3a2-90a61b65cd43","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":"f49901fb-d299-448d-a79c-b6e8ce64875a","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":"02eb55cd-7bc5-4d47-94fc-41aef518b61e","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"f84b39ac-e1fc-47f6-8f79-c8640042f0d4","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"942cb3c5-b031-4ff4-a7ed-c5e8abee4f93","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"33646a80-eeb0-4fec-8619-0015816bd0a3","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"897c2cd3-6261-41e6-afc2-90d3447a0e6f","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":"43e9f80b-fc36-495d-9b70-624d86aa638d","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"85491025-847f-4e5f-ac01-1e5bbf883e46","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"428c56c9-8937-4c5e-929a-3a62179bccdc","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"831a7195-0935-4c32-a4c3-b832be1150d3","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"1fc56a15-19a8-494e-94ca-804469a3b2fb","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"1c3c7c5f-eb48-484a-aa7a-2c0d70912a80","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":"1fc71326-94bc-4968-8ec4-161b3489a5a2","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":"84d1add1-8e29-4366-8ca1-b7c0c3e8afc2","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":"e6a2f006-4edb-4594-9bec-7aeaae4fb60e","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":"3a264729-9bb7-42a2-b0f9-e86ac138d769","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":"78068054-5c99-4992-91f0-331920b1091c","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":"285af5d0-2d00-4e01-ba3c-34e751615add","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"a8613fd7-a91e-4a1b-b40a-5acc6be51fbb","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":311,"width":110,"height":7}},{"id":"e80dd24e-6edb-4faa-a08c-cc802fa0516d","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":311,"width":287,"height":9}},{"id":"97fe5f48-1697-447d-8955-0d1b8f8bcdc5","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":324,"width":425,"height":9}},{"id":"f2ab0097-bc0b-4a42-a8f6-4e59902493d8","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":337,"width":411,"height":8}},{"id":"d0d8ec70-37fb-452b-9532-009c86283794","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":350,"width":426,"height":8}},{"id":"7f83e051-7c8c-411d-aa3c-68de2683414d","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":362,"width":415,"height":9}},{"id":"871eab81-0567-498c-b4c4-e4967d6ea5d9","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":375,"width":419,"height":9}},{"id":"238fe3a1-51a0-49a3-9621-4c04fd4aeba0","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":388,"width":76,"height":7}},{"id":"d7dcb753-47fe-41a8-8288-b23430286d60","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":406,"width":155,"height":7}},{"id":"d7b73d1f-55eb-4ac9-ac1e-7f19d922b229","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":406,"width":225,"height":8}},{"id":"d00b4c2b-223d-47c4-a315-49a0b8118d97","block_type":"box","text":"Security with Brown Revenue for the Portfolio.","page_number":2,"box":{"x":51,"y":418,"width":271,"height":9}},{"id":"3989cea0-1961-444a-ab08-df539839c789","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":176,"height":7}},{"id":"34580c8a-26ad-40ee-b483-8221cb750ad4","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":436,"width":243,"height":9}},{"id":"8fa9446f-317d-4071-91d5-57b82e145804","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":448,"width":413,"height":9}},{"id":"408cce66-d17e-44a0-b562-0315c76354eb","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":461,"width":241,"height":9}},{"id":"a6dac03e-2dde-4419-9b8b-a5bacc08cd89","block_type":"box","text":"Green Bonds:","page_number":2,"box":{"x":51,"y":479,"width":86,"height":7}},{"id":"7c265d53-21c7-4e36-99c2-c1d4ac44a382","block_type":"box","text":"The Climate Bonds Initiative (CBI) defines green bonds","page_number":2,"box":{"x":140,"y":479,"width":325,"height":9}},{"id":"06b89532-a5c5-47d4-b905-8c413ef237b3","block_type":"box","text":"as debt instruments that finance projects with environmental benefits,","page_number":2,"box":{"x":51,"y":492,"width":415,"height":9}},{"id":"172dc513-3811-4a7a-a028-5c076f046c12","block_type":"box","text":"and the CBI Green Bond Database uses a methodology to evaluate","page_number":2,"box":{"x":51,"y":505,"width":397,"height":9}},{"id":"59ea5ce5-698f-42d4-a909-24d32cdf3223","block_type":"box","text":"and categorize projects as green.","page_number":2,"box":{"x":51,"y":518,"width":196,"height":8}},{"id":"05bb1afb-0d20-4421-ae21-45e39d075cd3","block_type":"box","text":"The CBI’s methodology includes the","page_number":2,"box":{"x":251,"y":518,"width":213,"height":8}},{"id":"aab91344-b3a4-4da0-ba4c-c82d33433621","block_type":"box","text":"following criteria:","page_number":2,"box":{"x":50,"y":531,"width":101,"height":8}},{"id":"8aa4a73c-c5f2-4371-9bfc-47a6a87f9a08","block_type":"box","text":"Self-labeling:","page_number":2,"box":{"x":91,"y":548,"width":84,"height":9}},{"id":"2016271e-ab8f-4197-8acc-a397a894aea7","block_type":"box","text":"The issuer must consciously label the instrument","page_number":2,"box":{"x":178,"y":548,"width":291,"height":9}},{"id":"501c34ae-050a-4e4d-aaf3-b95389835767","block_type":"box","text":"as a green bond.","page_number":2,"box":{"x":91,"y":561,"width":97,"height":9}},{"id":"265bb475-338b-41a9-8df2-e9fdbec45e09","block_type":"box","text":"Public disclosure:","page_number":2,"box":{"x":91,"y":579,"width":112,"height":6}},{"id":"9d180ec3-d28b-4c57-974a-4b1866d128b0","block_type":"box","text":"The issuer must provide sufficient information","page_number":2,"box":{"x":206,"y":579,"width":272,"height":8}},{"id":"1790d59f-2657-4848-ad5c-81676be9e644","block_type":"box","text":"to determine if the financed assets are green.","page_number":2,"box":{"x":91,"y":591,"width":267,"height":9}},{"id":"8a1a56a4-bc08-4044-af1c-46971706665f","block_type":"box","text":"This includes","page_number":2,"box":{"x":362,"y":591,"width":78,"height":7}},{"id":"53030701-6a71-4cdd-bb2a-ed699b78cc4e","block_type":"box","text":"information such as the amount outstanding and closing","page_number":2,"box":{"x":92,"y":604,"width":332,"height":9}},{"id":"4a9f3475-facd-47fd-a2a4-8ba18aeae4ab","block_type":"box","text":"confirmation.","page_number":2,"box":{"x":91,"y":617,"width":78,"height":7}},{"id":"2f56a423-fb46-4246-ad66-79c752383aa8","block_type":"box","text":"Eligible sectors:","page_number":2,"box":{"x":91,"y":635,"width":100,"height":8}},{"id":"162c8790-4d6f-4073-99f1-8b093f9e7c19","block_type":"box","text":"The financed assets must be in eligible sectors,","page_number":2,"box":{"x":195,"y":635,"width":279,"height":8}},{"id":"8d8483c6-8220-4cea-b70a-6e27a9faa643","block_type":"box","text":"such as energy efficient products and processes, or non-energy","page_number":2,"box":{"x":91,"y":647,"width":378,"height":9}},{"id":"0ae5e7d1-953e-41e5-964a-8945c3aa3eb5","block_type":"box","text":"GHG reductions.","page_number":2,"box":{"x":91,"y":660,"width":100,"height":7}},{"id":"bf5f89ec-7205-42e6-b376-d39791085d0a","block_type":"box","text":"Eligible use of proceeds:","page_number":2,"box":{"x":91,"y":678,"width":154,"height":9}},{"id":"666c93a4-1b74-46b2-a22b-70b6f7f6ce5a","block_type":"box","text":"The proceeds must be used for eligible","page_number":2,"box":{"x":248,"y":678,"width":230,"height":9}},{"id":"716cbed6-7a29-4e4b-83aa-f4c5d9c21730","block_type":"box","text":"purposes.","page_number":2,"box":{"x":92,"y":693,"width":57,"height":6}},{"id":"5e695c23-a95a-478f-a1be-bc70fcec935d","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":51,"y":708,"width":122,"height":7}},{"id":"68f7a00b-6757-40c3-9d8c-a5119d82631e","block_type":"box","text":"Market Value of Securities with Green Bonds as a","page_number":2,"box":{"x":177,"y":708,"width":292,"height":7}},{"id":"1f27ef98-c8b5-4d71-8a74-663c53ff05c8","block_type":"box","text":"Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":51,"y":721,"width":405,"height":9}},{"id":"028f27ac-1cd3-40b1-9b32-3aa35e90e8ff","block_type":"box","text":"Green/Fossil Fuel Based Revenue Ratio - MSCI:","page_number":2,"box":{"x":51,"y":738,"width":298,"height":8}},{"id":"2503da71-dc8f-4f63-8152-92b1eb115887","block_type":"box","text":"The Sum of Green","page_number":2,"box":{"x":353,"y":739,"width":108,"height":7}},{"id":"52e016f2-47bb-497b-a175-5050988426c8","block_type":"box","text":"to Fossil Fuel Based Revenue Ratio on the Portfolio level and the Sum of","page_number":2,"box":{"x":50,"y":751,"width":425,"height":7}},{"id":"704f247c-5c9b-4c5c-b17f-cc8ef5a5d8af","block_type":"box","text":"Green to Fossil Fuel Based Revenue Ratio on the Portfolio level.","page_number":2,"box":{"x":51,"y":764,"width":373,"height":7}},{"id":"57118a62-932b-4100-9a22-4073cd7a1ee5","block_type":"box","text":"Companies with SBTi /Approved Targets – MSCI:","page_number":2,"box":{"x":51,"y":782,"width":311,"height":9}},{"id":"02414231-14bd-4f5a-9c8b-fb1af6aa7718","block_type":"box","text":"The percentage of","page_number":2,"box":{"x":366,"y":782,"width":111,"height":9}},{"id":"942f94c7-764d-4fbe-ad00-23212ac74d4f","block_type":"box","text":"the fund’s market value exposed to issuers that have carbon emissions","page_number":2,"box":{"x":50,"y":795,"width":419,"height":8}},{"id":"a5cf24dc-dc10-4656-b675-26186c85fcba","block_type":"box","text":"reduction targets approved by the Science Based Targets initiative","page_number":2,"box":{"x":51,"y":807,"width":396,"height":9}},{"id":"f2d3b08a-a3f2-4887-87a1-a47d7d8bdaef","block_type":"box","text":"(SBTi) on the Portfolio level.","page_number":2,"box":{"x":51,"y":820,"width":166,"height":8}},{"id":"e7eae146-1437-4683-b0f9-90af29f27358","block_type":"box","text":"Low Carbon Transition Score – MSCI:","page_number":2,"box":{"x":51,"y":838,"width":237,"height":7}},{"id":"af615f4b-8912-4f18-bf0a-607328fd76b9","block_type":"box","text":"Score calculates a company’s","page_number":2,"box":{"x":292,"y":838,"width":177,"height":9}},{"id":"660ebeeb-69a4-4d6d-a939-1b3b53cffde6","block_type":"box","text":"climate transition risk by aggregating Scope 1, 2 and 3 emissions,","page_number":2,"box":{"x":51,"y":851,"width":382,"height":8}},{"id":"533425f0-42c7-4a03-9886-9191561b6319","block_type":"box","text":"emissions avoided, and the quality of the company’s climate","page_number":2,"box":{"x":51,"y":864,"width":354,"height":8}},{"id":"b23edc2c-3a3b-4fea-9854-4c437b7d0715","block_type":"box","text":"management into a score between 0 (highest risk) and 10 (lowest risk).","page_number":2,"box":{"x":51,"y":876,"width":416,"height":9}},{"id":"fefb45d4-34bd-4b0f-baf2-b44870dafe4c","block_type":"box","text":"Companies with higher Low Carbon Transition score are more aligned","page_number":2,"box":{"x":51,"y":889,"width":414,"height":9}},{"id":"cedf41c2-870d-48db-bca7-c020035adc16","block_type":"box","text":"with the Low Carbon Transition compared to the companies with lower","page_number":2,"box":{"x":515,"y":95,"width":420,"height":8}},{"id":"8f566280-cac1-4c5b-b7b8-a23de036e6ee","block_type":"box","text":"scores. Score calculated at the Portfolio level.","page_number":2,"box":{"x":515,"y":107,"width":270,"height":7}},{"id":"e3a7e995-aa65-4b19-94ae-9da8ce65ae82","block_type":"box","text":"Carbon Footprint:","page_number":2,"box":{"x":515,"y":125,"width":114,"height":9}},{"id":"dba2f9d4-422e-4507-9e57-e581cb97f9ec","block_type":"box","text":"Scope 1+2+3- (t CO2e/$M EVIC) – MSCI:","page_number":2,"box":{"x":556,"y":142,"width":256,"height":9}},{"id":"6d638fc0-8da2-4b20-8058-485f0c3b4800","block_type":"box","text":"Weighted average","page_number":2,"box":{"x":815,"y":143,"width":108,"height":8}},{"id":"27bb8ec9-01fb-4083-9432-c9d8f60e2f10","block_type":"box","text":"Scope 1, Scope 2 and Scope 3 carbon emissions intensity","page_number":2,"box":{"x":556,"y":155,"width":340,"height":9}},{"id":"04b907f9-fef9-4589-8cc6-d5c2f672abd2","block_type":"box","text":"normalized by enterprise value including cash.","page_number":2,"box":{"x":556,"y":168,"width":273,"height":9}},{"id":"35e587af-ca5b-4f68-a7ac-cec866c2fe47","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":186,"width":202,"height":7}},{"id":"2d3f6e7b-e13b-4268-bd5b-4096cb379581","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":721,"y":186,"width":203,"height":7}},{"id":"9b572753-a0e8-4703-bb5d-688f5b5f8eae","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":515,"y":199,"width":425,"height":8}},{"id":"6884fd2e-591d-4b91-9411-e848be7a8500","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":516,"y":212,"width":418,"height":8}},{"id":"f9b3528f-6b7e-41ce-ab3c-1a82ea2d98bf","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":516,"y":224,"width":425,"height":9}},{"id":"69860657-fd22-4c43-a7bc-99143c4c5975","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":516,"y":237,"width":432,"height":9}},{"id":"333dc059-0d9e-4425-baab-3b571ba0347c","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":515,"y":250,"width":415,"height":9}},{"id":"ac00409a-3878-4c58-a5c7-8104dfd302ef","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":515,"y":263,"width":419,"height":9}},{"id":"b03213a5-c4b5-4be4-95b7-e5ceead6128f","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":516,"y":276,"width":398,"height":8}},{"id":"59fbb06f-77c7-45b4-b077-b00b38ac1051","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio.","page_number":2,"box":{"x":515,"y":288,"width":391,"height":9}},{"id":"1a7eb9d0-264f-4b58-9471-0e0dcfc0a20a","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":306,"width":47,"height":9}},{"id":"ab460106-b13d-41c3-a158-b88b1c23aeb9","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":306,"width":322,"height":7}},{"id":"b29abe4f-71f1-4483-931d-a70d36030d7f","block_type":"box","text":"owned or controlled by the company. Data","page_number":2,"box":{"x":556,"y":319,"width":251,"height":9}},{"id":"98283b05-ecb5-4ef5-89e5-c753ff94906a","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":336,"width":51,"height":9}},{"id":"c564c324-56f4-4602-adbd-0a5dba8b5c17","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":337,"width":317,"height":6}},{"id":"24b1cdbd-d29d-4f02-a45d-6057ac5099d7","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":349,"width":388,"height":9}},{"id":"4c71959f-7ab2-4112-a2fe-be00636e9cf6","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":362,"width":383,"height":7}},{"id":"f7507c1b-fc4c-48bb-85f4-1f121007d7fb","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":375,"width":391,"height":9}},{"id":"c0393444-e10f-49ed-b1f7-ad7b1bdf9098","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":388,"width":43,"height":7}},{"id":"f81a924b-3dff-421e-ae8c-5e927d44903e","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":405,"width":51,"height":9}},{"id":"95228a57-d70a-44d1-9b4a-8388a39b6bd0","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":405,"width":332,"height":7}},{"id":"b8663e00-1d40-4016-9907-b5de36b4d1e0","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":418,"width":386,"height":9}},{"id":"94f6b41d-466e-4f4f-ac9e-c76f8ea05e71","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":431,"width":44,"height":7}},{"id":"ef590a5e-f1d4-482e-a8e3-97db346fa4ae","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":515,"y":449,"width":277,"height":8}},{"id":"0d819ebb-13e4-4168-b4d5-3e6f539c246f","block_type":"box","text":"Scope 1+2+3 -","page_number":2,"box":{"x":796,"y":449,"width":89,"height":8}},{"id":"6afc2bd2-bf5b-49c8-9666-c158291ed302","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":461,"width":422,"height":9}},{"id":"a8675b32-dcf3-48ee-9494-5c823b03ac7b","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":473,"width":394,"height":10}},{"id":"76fcf2c2-7453-4c31-9290-aa278c918cec","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":487,"width":426,"height":9}},{"id":"47422350-6272-4e54-bab5-8f0e820483d9","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":500,"width":112,"height":9}},{"id":"cd23d77e-3ed3-4c47-8b14-40d55383456c","block_type":"box","text":"Please note that the scope 1+2 and scope 1+2+3 values for Total Carbon","page_number":2,"box":{"x":516,"y":517,"width":428,"height":9}},{"id":"cc3727c9-c8d3-4d7b-967b-18cf4ec2a9e2","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":530,"width":412,"height":9}},{"id":"0beaa719-9d71-4b74-b360-82e47fd9fd92","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":543,"width":274,"height":9}},{"id":"18846d37-a08d-4676-95f9-468d1fece458","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":543,"width":122,"height":9}},{"id":"8f53d18d-84c5-45bd-8ede-7b25be61be72","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":556,"width":74,"height":7}},{"id":"23184bb0-b97e-4f7b-a965-88ecb38186e6","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":556,"width":318,"height":9}},{"id":"ac323577-cd9b-47f0-afe3-1df04870e7de","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":569,"width":44,"height":7}},{"id":"3eff8468-9b42-41da-bd1a-f9143c5deb15","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":569,"width":335,"height":9}},{"id":"05d2ca9c-cec5-4215-95be-68020994ff43","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":582,"width":349,"height":8}},{"id":"06b6a694-2e86-4564-92ab-e8b049786196","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":582,"width":40,"height":7}},{"id":"27c487aa-76fb-4e45-b729-9b3e9222d7f6","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":594,"width":422,"height":9}},{"id":"aa58e4cf-6425-45ce-91fb-be91c20320c2","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":607,"width":337,"height":9}},{"id":"771f894d-b8a8-4d9d-8c2f-2768c35853e2","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":625,"width":244,"height":8}},{"id":"e48e37c0-6ca7-4e14-9208-30ed7cb2a488","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":625,"width":125,"height":7}},{"id":"ee48792d-82b8-4783-ab52-aef2bc9dbc7b","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":637,"width":405,"height":9}},{"id":"4a79630c-7edc-4315-ab1b-8749fc247ab6","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":650,"width":412,"height":9}},{"id":"e217f2c0-0c23-45f0-b576-7835b9e6d1cb","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":663,"width":419,"height":9}},{"id":"e6a5a0a0-aee1-4658-84a5-35d2a12193a1","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":676,"width":424,"height":9}},{"id":"18187ad9-9b79-40ae-9e33-e492a3ff5107","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":689,"width":406,"height":9}},{"id":"d5377879-2667-4ec4-a2ef-983277aa22d9","block_type":"box","text":"temperature to an increase of no more than 1.5°C in the year 2100","page_number":2,"box":{"x":515,"y":702,"width":388,"height":8}},{"id":"69628edd-dee5-40f8-882d-52e4be732e24","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":715,"width":433,"height":8}},{"id":"3aaf7d19-3ac0-4e74-8931-61c7a817716f","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":727,"width":418,"height":9}},{"id":"4782ffc6-b254-460a-ae08-bb6d83f84f15","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":740,"width":417,"height":9}},{"id":"d6aabedf-c9f9-4b9d-9055-a07a75f52bce","block_type":"box","text":"fair shares by a similar proportion, by 2100 we would end up in a world","page_number":2,"box":{"x":515,"y":753,"width":412,"height":9}},{"id":"17f253d1-c689-4b89-b8dc-7710039ef060","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":766,"width":411,"height":9}},{"id":"03d0aac6-790c-4087-825d-72a4f7b8536c","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":779,"width":425,"height":9}},{"id":"07d4d63a-f8f7-4d38-8e55-beab7271da08","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":792,"width":433,"height":8}},{"id":"1b49bb26-c695-4aea-8d61-e55d5c745c05","block_type":"box","text":"to evolve and mature.","page_number":2,"box":{"x":515,"y":805,"width":127,"height":6}},{"id":"94eb882f-8cc6-4315-a45c-90445cb9e708","block_type":"box","text":"Portfolio:","page_number":2,"box":{"x":556,"y":822,"width":58,"height":7}},{"id":"5166cdd6-cacd-4ff4-b2c0-1a809f5ab100","block_type":"box","text":"Implied Temperature Rise aggregated at the Portfolio","page_number":2,"box":{"x":618,"y":822,"width":315,"height":9}},{"id":"75299f76-54c4-4ce9-9994-a85187cfd10c","block_type":"box","text":"Level.","page_number":2,"box":{"x":556,"y":835,"width":34,"height":7}},{"id":"5a356b6c-8bbd-416c-9f28-114f1ff3df72","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":852,"width":181,"height":7}},{"id":"209b7263-4a24-40f7-b1c9-bc5020f82056","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":852,"width":88,"height":8}},{"id":"ce609041-e25e-4c79-87d4-c90d7127dbe1","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":853,"width":144,"height":6}},{"id":"5ea80b9f-7ca6-41bf-b286-d04bf371148b","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":865,"width":426,"height":9}},{"id":"94f3aa8d-310d-4ee5-9a1f-d5c7a8051f6f","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":878,"width":431,"height":9}},{"id":"d5c3fca7-0751-4985-b0ed-31ac3e4dd287","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":891,"width":210,"height":9}},{"id":"f24189b5-64b1-4eb4-b56a-4ef6ded0923c","block_type":"box","text":"click h","page_number":2,"box":{"x":729,"y":891,"width":37,"height":7}},{"id":"fb7e7479-a03d-47ac-8d2d-df5184466b71","block_type":"box","text":"ere","page_number":2,"box":{"x":767,"y":893,"width":19,"height":5}},{"id":"d8ab82ad-fc00-40b4-a4aa-159f2b99cfe4","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":897,"width":2,"height":1}},{"id":"9065021b-2714-4e65-95a7-9e6c401a6d81","block_type":"box","text":"Report ID: 5648762.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"fbd43b2c-7e5f-4377-9d32-873a51d6ffa4","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"09bb5862-7cb2-4584-8c86-f15376c8e128","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"0b5e6791-1d8f-439c-b02d-834aad9ee377","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"7c49c1a1-8ca9-445d-8dc1-a05069c850f4","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"43344579-2fe4-4bf2-ba93-80cf54e8cb9b","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"506083b5-91e7-44f7-a388-78354ee719f1","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"6ba83107-c5fb-4a97-a6c7-c302d349946e","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ffdca81d-b786-4ee6-9e81-2bca859c2173","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"3a3fa6a7-f817-488c-8888-86782f41215d","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"2431df1a-529a-4109-a125-5b22f501c8f0","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":"9bb7f31c-0389-4310-adf1-22387dfcc3ab","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"75c62d3e-96ae-4a1d-9d3e-ffb213bb5a2d","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"ab995d64-8621-4bcb-ba62-5556ad9f3a6b","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"4569d0d2-452d-4e7e-8fbe-7375b2c17ef6","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"b7b23977-d892-4ee2-92a3-d34a36d8517c","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"c406a4e2-8627-486f-a1a0-90b2aa0bbba3","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":"2aca80d2-416f-47ac-aad4-232110207ec1","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":"2e6c9adf-f99b-4827-871c-23667fdc7eae","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":"17bb81c8-acea-41de-b0db-183f9f8f3a0d","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":"6cb7c247-6b56-4b73-a77c-eda9043475b4","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":"79c2ba2b-3910-47de-8a2d-143f561bcfcd","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"8432ff93-6fdc-4e84-9d8c-261e2fc99c00","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":"b41c188b-c16b-4496-8fa4-17897d1caf97","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":"aab5d136-0776-484c-a8eb-2ca4858cde01","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":"1ece659f-b627-4b56-88bd-d7a65da3cfc6","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"d0c70291-b311-46b5-a342-9a68da174109","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":"2d620c20-06ff-40a6-8681-da53eb0d8c22","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":"56347e95-0f46-4575-aaa0-3a6355c0b16a","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":"a6e349a3-ace9-4477-9e64-37da9848b405","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":"bfe797f6-2433-4b3e-a71d-71ba70fd6e81","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":"eacd14fb-fad8-4e71-b4b4-b51de12c32c5","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":"515bc34b-2295-4017-ba81-3e0c19d1e958","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":"a099e3d0-3218-4d94-9c08-cd5d26f28ece","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":"ab269192-406a-4024-abc9-03be2c40175b","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":"e8963b03-3705-4146-b375-94131b389def","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":"d635bacf-fca3-4885-8cf0-2e1bb2443afc","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":"3bee2d78-96df-4e43-916f-e3369da3ff82","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":"5b857ae0-7c52-4e28-baed-c220ab708c23","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":"e4af45d9-ada1-4cbf-98b1-4d1066c12f82","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":"992dedd9-9cd2-4707-9922-6094fd019ed5","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":"027ffa23-ae11-48e2-9445-0288463d8c8e","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"14e520dd-dba2-4ed9-a998-2c5065a20143","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":"c53fd03f-c5b6-4a2e-9d14-5e55e71b9526","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":"d64e09b6-9fe3-4200-92f5-2c98e5ebb56a","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":"3a0b45ae-c3ad-4deb-a5e7-34f34e0d4d11","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":"d3475233-4260-44f3-ac28-12a300a495e7","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"aadf1d45-66df-4d0a-aae6-259c11ddbc3e","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":"391487a4-7571-4167-8311-0e4993920576","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":"a851cdc1-197c-41dc-b7e3-d65328076f37","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":"6c9e02ba-3113-41cf-a816-527c9949996b","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":"2f0bae45-f276-44d1-9917-9a76ee936202","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":"d0605800-eca4-4dfe-9f8c-7f2606ba2d2c","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":"ae086c63-7115-43b3-bbbc-edb883c75edf","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"5893f143-6bbf-4633-b0bf-a0b51f507721","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":"e95ef98b-ea97-4169-8736-cef01623a0e6","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":"31541719-0a78-4060-833f-eacfade498bf","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"bd142dd4-32d2-4add-beb8-82d5672a6816","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":"51e7ecae-7828-43fa-aec3-b7ea8e3457c5","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":"526319a0-2904-4131-89c6-24ac6c146ffb","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":"640605b1-7211-4d50-889d-fc71b2f926f5","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":"022c244c-8846-49b8-a464-eb86c65d688a","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":"f8892ff2-f96a-4908-9fcb-1d2f9216d3fa","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"358da855-fc5f-47a5-8abb-bb43abeb389d","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":"e10e0502-1259-4a62-8479-bda8744147ac","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":"2e084ad2-b1c9-4b93-b8fc-7799922258f4","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":"6da57314-04e2-45b9-add4-7ad52d6c959f","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":"f54dc729-51dc-4414-bf08-c457df9e422b","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":"14f82f20-0b03-405f-b128-bf8626a90fc4","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":"e47e5623-727d-4d5b-8e70-edb0e6189475","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":"d3f2a190-e55e-47cb-9fcd-87db2ea1c231","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":"a1a82528-5241-4989-8f9d-d2e3345d4ccf","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":"9781354b-c7bf-40c4-8764-8f79c4ebc867","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":"3ba3a340-e6ec-4ece-8045-da398f1875ae","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":"264ad9a4-af2f-45b5-b19f-cc4a5785b66b","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":"d137773c-ccaa-4cfe-92d5-9b0109554d9f","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":"252918f0-f0b1-417f-bc59-476b06fa2533","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":"3b1c4e60-6734-40b2-8667-9e3b683f1e2c","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":"6d4eef80-a728-49a2-9a0b-4954b5ac44d8","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"217df5dd-ebf9-4e4b-9b0d-c34414f31cb7","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":"46824b57-2457-4182-938a-8bb73afbcfed","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":"89250a77-8d6f-4487-923d-a29c5055ed2d","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":"d7873a07-c026-4b1a-b83d-a6ea58e85cdc","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":"3c30ea89-33aa-40f2-876a-dc280f04ad87","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"c8d35a84-284e-4912-8c41-1d4bc2f8cad8","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"82a3ac04-bd50-4d37-9958-7b6b6c6f07db","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":"596057a7-7e52-4edf-900a-5a6360877c77","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"d859b341-d9af-4138-9355-1145c6230bb8","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":"d4907844-1fb0-4263-b955-7abff5a9551a","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":"03e96b1a-19e6-46fa-8dc2-71db1e6d06d7","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"af2f1e84-d60c-4b33-9a5b-1c7ce95f87d7","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":"a4e757ad-d75c-4a7b-9bda-0d06c82d518a","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":"8d2fc72d-f01c-44d7-b975-c6115ce0beef","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":"13a9d8f8-7568-4fbe-9eb9-329b619becc0","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":"cae6e1fb-1c02-4b5a-9185-00d48d01df2f","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":"643ce225-7224-4366-91cd-9dfe5a1ab832","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":"b192eca6-1e47-438e-a719-d23d17c4e50c","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":"57a3f1cf-5759-4990-ae1b-965797b43069","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":"d180dc95-0b97-492c-b01d-24272d1837ef","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":"4198280d-0251-4d0c-91ad-8e0f464bf4d9","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":"77034965-eb56-43ca-a891-71444134a5a9","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":"eae3c99f-053b-4cf8-81f2-6d862da6e853","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":"5088f867-637c-497b-b3f7-d1adf37f2f22","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":"fdfa687c-9d3b-4183-be29-308f3cdc891a","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"380e09e5-1c4c-4088-bc7a-ac7e7619c5e7","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":"684b8d27-fbf7-43d2-97a3-a776dd775969","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":"c2650b28-9fc2-44e8-9234-30832885a13a","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":"97d04cb8-1e3b-424b-83f1-d09057da3727","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":"e172c1b0-dd4c-4c09-ae75-6a54c82e4158","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":"64b310d3-8e23-42f3-ba06-27913a696ab2","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"d1e9de0b-8811-4f3c-b82a-9c38dfe98392","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":"4bc04826-29bc-42fb-adad-d37a931b29ac","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":"661755e5-edaf-4da0-a7eb-567c92e2275e","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":"7d584b1a-ea71-4197-9888-e461fc42d10e","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":"0e729e64-a3b7-4490-abc9-729cb6571fc7","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":"7fd474ae-fa22-4248-8a90-1a3edb696a0e","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":"0f49d813-4409-49d3-901c-81ae35dde733","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":"b3d9ddaf-1738-43bf-9ffc-5266ff88203e","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":"d469d83c-c0df-47f9-91ae-2db751bc5389","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":"84ac5900-37fc-42b5-bece-8efd7d57c534","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":"0b031534-1c6a-44cc-a3f1-784ca29ddbb1","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":"e71939dc-7465-4226-9d29-b760210833fd","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":"a342ddba-cf9b-48f4-9a81-cdceebc50e2b","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":"45fcfaa0-a237-42bb-92b3-47560d198ee8","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":"6f3658ba-fa5d-4daf-af31-247f2fbe132c","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":"20176264-b768-49ed-ae37-ea6ddc50e5e3","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":"3dd32e69-8951-4d10-939e-a65317295a04","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":"1efaf38a-7664-4d2d-af3e-7274f56959fe","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":"86a304cd-9608-4e0b-a45d-a2858a78b964","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":"9e490de7-7a9f-4d07-a452-53b11a1327f3","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":"75a768e8-1df0-4ece-b8f0-37e378be237b","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":"7832092f-1cb9-417d-8fdc-db58b6072ef6","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":"f44978c2-81f7-4be7-b8f7-fe556c7a2ce9","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":"28c4fdc0-b097-40d2-88fc-ae39bc0f67b4","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":"fb5c27d3-941a-4b6c-9880-344091c34c46","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":"898279ef-d32d-4916-b0b4-d364aba84b9e","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":"88fff0d9-277b-4664-bd60-65face1520a7","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"eeade14d-e6d5-479f-a4f6-f30859bdc71d","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":"c01a1e8b-4fea-40ec-8f82-9f5dd23ab908","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":"a0bb42c8-e66f-4c21-923d-0ab63b0bd541","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":"23aae939-6ad8-44fe-af7d-eb8bff6d2866","block_type":"box","text":"Report ID: 5648762.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"7cbd4ecc-91c0-4fb4-bfbd-7ca9ee2b33d0","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"c1ab91e2-3811-46ee-83a3-50a965c2027a","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"4abb6bb0-047f-4381-8928-5aac92f9291f","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"6c903aed-3853-411b-a2ec-10d5a8d7fc6c","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"aa16f65c-41f5-4c45-9971-7cee640f0333","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"d587598e-f1a5-4def-9100-5a042cb73233","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"4a3662b0-0981-47da-8a91-dfcfa9c53506","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"3b35b683-42ed-495d-a9ef-10258146d168","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"06d1c1ef-b654-48e8-bf53-9c1a3e85bdac","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":50,"y":35,"width":389,"height":9}},{"id":"c093865d-73cb-42ed-b667-0a1975fac3a0","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":51,"y":48,"width":432,"height":8}},{"id":"c4e55288-d5c7-4738-bb3c-267091d6e4fc","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":51,"y":66,"width":224,"height":8}},{"id":"1d03c227-9fa7-44ac-a92c-5ba560953f81","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":51,"y":83,"width":360,"height":9}},{"id":"0dce0ba3-1ed4-486e-85ab-399a6dfc0364","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":50,"y":96,"width":404,"height":9}},{"id":"c9b0b684-4dc5-47d2-88be-380428b2001b","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":51,"y":109,"width":119,"height":8}},{"id":"2d950818-bf8c-4bbd-ba61-9023370dfaa3","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":126,"width":433,"height":9}},{"id":"90559455-033f-460d-adb1-8177850bc1bf","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":139,"width":418,"height":9}},{"id":"347345e3-437b-48ce-be2e-482151be13e7","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":152,"width":398,"height":9}},{"id":"bdcb6d7e-1e4b-4877-b68a-9e4db75471bd","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":165,"width":413,"height":8}},{"id":"e3e69a9c-89da-40b8-bf49-72099890da99","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":178,"width":292,"height":6}},{"id":"7beaef70-e1fa-4928-ae3c-e8b7669f5ab9","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":179,"width":58,"height":7}},{"id":"056f2f7d-0e71-47bf-a3cb-8926bcb1f752","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":180,"width":28,"height":4}},{"id":"93605e16-6586-416e-9d56-222ff79222e8","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":183,"width":2,"height":1}},{"id":"623264e2-c3b5-4c03-81e3-dff4e258ee01","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":195,"width":387,"height":7}},{"id":"d0525765-2793-4551-a972-a5cc247768f1","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":208,"width":47,"height":8}},{"id":"685aa460-be78-429c-bad5-7550ecd8e873","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":225,"width":385,"height":9}},{"id":"474d8504-d31e-43df-a7d2-3c9a56b6c85e","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":238,"width":403,"height":9}},{"id":"6b520af6-baaf-488c-8754-08e989b04310","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":251,"width":401,"height":9}},{"id":"422d6c7d-a72b-429c-bb31-9bd3607743bf","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":264,"width":412,"height":9}},{"id":"d7e3368a-57b9-4982-88a1-b7792f0f3861","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":277,"width":221,"height":8}},{"id":"7833c583-f32f-44fe-b674-26ee86fffefc","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":294,"width":413,"height":9}},{"id":"3833771d-319c-4c5f-854e-dc066e33d495","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":307,"width":415,"height":9}},{"id":"0db1e385-7472-4478-bf10-37160a0273f3","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":320,"width":427,"height":9}},{"id":"ce55cf14-0049-42d6-b79a-06a9bf27cc28","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":333,"width":394,"height":8}},{"id":"5231bb24-0058-45fa-918b-e3bf7cb64523","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":345,"width":426,"height":9}},{"id":"d32a95ef-fde3-473f-86be-357b8d961af5","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":359,"width":369,"height":6}},{"id":"02f20bac-b1d8-486d-9ce6-13e2433b2d42","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":371,"width":408,"height":9}},{"id":"b7c5748b-4135-419c-8da9-bf3ee2202dc6","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":384,"width":413,"height":9}},{"id":"2f59c2f3-e1c9-43ce-92f0-a6866650d4b5","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":397,"width":426,"height":9}},{"id":"b22499eb-951f-4556-a7d2-5b4c25b959b8","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":410,"width":277,"height":7}},{"id":"23e1b847-6283-41a1-a816-910b85bed5dc","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":515,"y":35,"width":410,"height":9}},{"id":"5bc3ea43-22bf-4a65-8b74-4cdac59acc74","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":515,"y":48,"width":415,"height":9}},{"id":"12e4fabf-0e11-4157-b3a4-89ff07351eee","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":515,"y":60,"width":414,"height":9}},{"id":"a1d93633-0ff6-4512-9a9a-5b68c1c69736","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":515,"y":73,"width":411,"height":9}},{"id":"116ae96c-26a6-46d3-b40a-a3c09064b714","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":515,"y":86,"width":421,"height":9}},{"id":"2e91eb12-5d57-4047-a6e4-cb26a4a9fb9f","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":99,"width":238,"height":7}},{"id":"e559e550-267a-4660-8650-701fd58d8258","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":117,"width":408,"height":7}},{"id":"e91e9a94-48b5-47e0-8116-cb4f7bb3628a","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":130,"width":413,"height":8}},{"id":"da98e537-484c-4c00-b2da-1cffdb7931ff","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":142,"width":397,"height":9}},{"id":"00340a22-a47f-4b22-811f-dd067c6a76df","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":155,"width":391,"height":9}},{"id":"def36986-8859-4805-8c7f-daec60c19903","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":168,"width":428,"height":9}},{"id":"ba410a67-5104-4a15-9560-1d33bf69eab2","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":181,"width":420,"height":9}},{"id":"97e820f6-4a38-41b1-bb76-63fdf7211b18","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":194,"width":360,"height":8}},{"id":"e8a87540-d203-4704-ac48-da868720b081","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":206,"width":374,"height":9}},{"id":"185126de-2710-4104-b354-52f6ee274da1","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":224,"width":419,"height":9}},{"id":"4b37b796-3f0d-4e4d-bfc9-cb0a09fd4b75","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":237,"width":404,"height":9}},{"id":"f4877cc5-9806-431b-b02e-c64d8926a4dc","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":250,"width":401,"height":9}},{"id":"d3639335-52ad-48f9-b559-e7b5b921ebfe","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":263,"width":392,"height":8}},{"id":"e7099d66-cc20-45f0-996f-915b2bb324eb","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":276,"width":103,"height":6}},{"id":"b717385a-63bf-46f1-8768-31ce67fe48c0","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":293,"width":417,"height":9}},{"id":"fc003689-e669-4d42-aea7-79eb790afacb","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":306,"width":393,"height":8}},{"id":"6108c253-7be9-4361-bb25-ee96306fcb8e","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":319,"width":411,"height":8}},{"id":"8f4978bb-e7de-49e6-96e7-676aaf3a2bd4","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":331,"width":266,"height":9}},{"id":"ba53d72f-35cf-4d03-99ed-fb85fe7df250","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":357,"width":326,"height":9}},{"id":"a0503e9a-8913-4ed8-8ded-96dd33edb387","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":370,"width":236,"height":9}},{"id":"a34912ad-920b-4043-97b1-75cf22348244","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":383,"width":169,"height":8}},{"id":"06b34fb9-4a57-4d1b-9994-9cdab3f5cd9f","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":396,"width":259,"height":7}},{"id":"8f6f9c1e-25fb-4bd9-a13c-18b61268e683","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":396,"width":23,"height":7}},{"id":"979bed7c-077a-4b45-a0da-140ebea6428e","block_type":"box","text":"Report ID: 5648762.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"63350e06-7eb8-429b-afd5-6815f7655423","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"65dd1565-be52-41e2-9b94-b10af77682ac","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"e6e2c417-856b-448b-a454-99a3cc16d371","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"165a7982-21f3-4c04-b198-d781c92dc5a0","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"84423538-2da3-411a-bfd8-72e35c64507b","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"c071f8ca-7367-4293-a057-b67573c61252","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"8dc47f91-f4e2-4207-a96b-1d4823038600","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"6aeb7f0b-566a-4f09-b90d-e7f05fc5781e","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":"cf66865b-7133-4b87-b8c7-5610ff793997"},"user_id":1000002,"date_created":"2026-10-17T01:05:22.909000Z","date_modified":"2026-10-17T01:05:22.909000Z","private":false}