{"annotation_id":"2244d187-871b-4578-82e6-24eeedf376c9","file_hash":"e5620844ce55f3747ada73c83e5034682f685c43d81a49d71a9cc3cfb826dda3","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"84b8be72-076f-443f-83fb-ac666fde2550","block_type":"box","text":"State Street® SPDR® S&P® Emerging","page_number":1,"box":{"x":51,"y":71,"width":624,"height":23}},{"id":"fbc8b153-8c82-4906-aa36-298117d89d5d","block_type":"box","text":"Markets Dividend Aristocrats UCITS","page_number":1,"box":{"x":52,"y":105,"width":630,"height":19}},{"id":"18c877ca-99d8-49b3-95dc-9a6d3e81755a","block_type":"box","text":"ETF (Dist)","page_number":1,"box":{"x":52,"y":139,"width":169,"height":21}},{"id":"e6538358-0534-4c3e-b01e-496498005a8f","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"7d575ecf-0686-47f1-b106-05ce40a6af0f","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"5f8f4353-5a84-4e5a-b4cb-e3e4027dd498","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"a4c17086-0294-45bf-8cab-2e807b6ae8b8","block_type":"box","text":"IE00B6YX5B26","page_number":1,"box":{"x":754,"y":107,"width":84,"height":6}},{"id":"50590aa5-045c-4c7a-a946-650367c27fee","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"2c963efb-a866-45bb-95fb-b1a2ade22d5c","block_type":"box","text":"Unless otherwise stated in the fund's governing legal documents, the metrics referred to in this report do not form part of the investment objectives or","page_number":1,"box":{"x":51,"y":186,"width":884,"height":8}},{"id":"6dabc5d8-cfb1-4fe5-836b-1c9ce6b3a88c","block_type":"box","text":"investment policy of the fund. The provision of the information in this report should not be construed as a representation of the fund’s current or future","page_number":1,"box":{"x":51,"y":198,"width":888,"height":9}},{"id":"11f1cb5c-b44e-4418-bd88-4c17b3c943a0","block_type":"box","text":"investment objective, nor its sustainable characteristics. It should not be viewed as an indicator of the fund manager’s current or future investment","page_number":1,"box":{"x":51,"y":211,"width":866,"height":9}},{"id":"0d240d3d-2af2-45b3-a989-db7e6bb18c07","block_type":"box","text":"decision-making. Please refer to the fund’s governing legal documents for further information with respect to the fund, including its investment","page_number":1,"box":{"x":50,"y":224,"width":842,"height":9}},{"id":"85f50deb-2fdd-4d0f-81d2-e60b341f8f8c","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":237,"width":560,"height":9}},{"id":"1c39d5db-2a1f-4efd-8ebb-814c17ce0b59","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":286,"width":225,"height":15}},{"id":"164bbfa1-a675-4a7a-8d92-98c30d5a5731","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":319,"width":852,"height":7}},{"id":"1e8ed63a-16c4-49b8-a05b-c109d9bbf633","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":332,"width":875,"height":8}},{"id":"6b6d42fe-90b4-4451-a68e-79a9b9e2e443","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":343,"width":481,"height":7}},{"id":"ac36946d-b7e7-4f2f-a9e3-7b632c305f5b","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":357,"width":123,"height":7}},{"id":"395d9df6-f226-4ced-98cd-406127074607","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":388,"width":123,"height":8}},{"id":"974efd2a-26ee-4271-bfb2-b63dc0c01c36","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":388,"width":125,"height":8}},{"id":"828d3d59-9bd2-40f8-8404-e1826fe59a5a","block_type":"box","text":"3.94%","page_number":1,"box":{"x":104,"y":413,"width":51,"height":8}},{"id":"e44bee67-4d3a-4454-aa59-201dd7186747","block_type":"box","text":"10.51%","page_number":1,"box":{"x":339,"y":413,"width":60,"height":8}},{"id":"08b6060a-266c-4d39-891a-7bbce4751353","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":442,"width":93,"height":7}},{"id":"fa776a51-f660-48c8-90b1-4dd3415be819","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":443,"width":53,"height":6}},{"id":"db2ca594-73cb-454f-8605-4b1834a66004","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":442,"width":93,"height":7}},{"id":"60da184a-1679-4ed3-9493-64f02b720cdf","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":443,"width":53,"height":6}},{"id":"f14a1b49-8154-4e31-9f21-7131f5a97a68","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":485,"width":162,"height":9}},{"id":"39d0e1b0-1806-4c99-8688-49c479c055ef","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":499,"width":64,"height":9}},{"id":"68f34109-fb02-4d2f-87c5-beda6e73fae1","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":485,"width":146,"height":8}},{"id":"8242107d-3fc2-4836-9ff5-5c414a6068d1","block_type":"box","text":"4.24","page_number":1,"box":{"x":104,"y":523,"width":40,"height":8}},{"id":"c0743356-c7e1-42f7-9907-dd3550b04b3d","block_type":"box","text":"1.18","page_number":1,"box":{"x":339,"y":523,"width":39,"height":8}},{"id":"c9c73b1b-d15d-4e81-bf37-ecfa4e687129","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":539,"width":111,"height":6}},{"id":"fdeb130b-2714-4a56-843b-0b27ca49e4eb","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":552,"width":93,"height":7}},{"id":"c6aad138-6424-4886-9006-c30b86602426","block_type":"box","text":"98.21%","page_number":1,"box":{"x":182,"y":553,"width":46,"height":6}},{"id":"defd0ed0-8d8f-4c59-8659-67a02be9739d","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":593,"width":133,"height":10}},{"id":"f520397c-ebca-48bd-b93e-730e53cecf4b","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":596,"width":76,"height":6}},{"id":"3d4e0e5b-1c0f-441e-8f70-33eb4750017a","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":613,"width":41,"height":5}},{"id":"566c66a9-7e63-4019-9a5c-154d4403db59","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":613,"width":93,"height":7}},{"id":"f74b4e0a-a40b-49d5-bc23-a79ebeb2549f","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":627,"width":37,"height":7}},{"id":"365b31a4-5176-4f48-adc1-a79178ae1401","block_type":"box","text":"96.20","page_number":1,"box":{"x":322,"y":628,"width":37,"height":6}},{"id":"fe557f2d-4c70-4792-b38d-247e5d84b4fe","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":628,"width":53,"height":6}},{"id":"411a2c3d-0b5a-491e-bfa0-d16fddc61a22","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":643,"width":41,"height":7}},{"id":"f27bbade-c1ff-489f-9980-9fe9deb19916","block_type":"box","text":"34.85","page_number":1,"box":{"x":322,"y":644,"width":37,"height":6}},{"id":"acddecdd-6c94-426b-a32c-c46b71dedd57","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":644,"width":53,"height":6}},{"id":"255e2e59-27d4-47e7-8503-1db32eb8be39","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":660,"width":41,"height":7}},{"id":"87eef0bc-c8d4-46c9-bbd7-0f3d2b6706d4","block_type":"box","text":"725.10","page_number":1,"box":{"x":314,"y":661,"width":45,"height":6}},{"id":"8b88e4ff-269f-4506-bcdd-24fdeab9ed20","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":661,"width":53,"height":6}},{"id":"045fa951-8d88-498c-b971-2c3e4222cde2","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":676,"width":52,"height":8}},{"id":"8f229e6d-ba07-4f63-b82e-5419035e0999","block_type":"box","text":"131.05","page_number":1,"box":{"x":314,"y":678,"width":45,"height":5}},{"id":"683f1ec0-7c31-4326-abe1-e591ade03fe0","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":678,"width":53,"height":5}},{"id":"4941b949-35ca-438a-8086-0582af1b3107","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":693,"width":66,"height":7}},{"id":"5dff0c7a-b3d6-4304-ad8b-66ae8c594f79","block_type":"box","text":"896.40","page_number":1,"box":{"x":314,"y":694,"width":45,"height":6}},{"id":"a14200b4-2a39-4115-a5b3-3ba8d7c381e5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":694,"width":53,"height":6}},{"id":"501a1569-c01a-4823-a8a4-c1a17b1dd1d7","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":389,"width":177,"height":8}},{"id":"183f9ac5-ed3d-4ed0-94d0-597a164ed8e9","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":413,"width":42,"height":5}},{"id":"b4bb6d47-c085-411e-93ae-8636a0e60746","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":413,"width":93,"height":7}},{"id":"f256a1c9-7ed3-4120-af18-b03b8166f1c1","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":427,"width":37,"height":7}},{"id":"bd907978-9660-445c-98f1-4c7d95b167bf","block_type":"box","text":"20,206.81","page_number":1,"box":{"x":772,"y":428,"width":69,"height":7}},{"id":"24544b8f-1849-4806-8d04-1b0a619a574d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":428,"width":52,"height":6}},{"id":"5c8bda72-a283-4492-8fd3-9a9412f12734","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":443,"width":40,"height":7}},{"id":"22bb6f96-33f0-49f7-b880-62dc6f183a6f","block_type":"box","text":"7,319.71","page_number":1,"box":{"x":780,"y":444,"width":61,"height":8}},{"id":"b990a35c-745e-42dd-a13b-9475869f834f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":444,"width":52,"height":6}},{"id":"a66f63e8-eb6e-4689-8520-d13f19c09f1d","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":460,"width":40,"height":7}},{"id":"d952392e-1959-40ca-904b-9df6ab0dd4b3","block_type":"box","text":"152,308.14","page_number":1,"box":{"x":765,"y":461,"width":76,"height":7}},{"id":"5919a41b-3736-4577-9721-b9777b045298","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"582b8220-bb14-4c4d-bddb-bc6f50e6d75a","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":477,"width":51,"height":7}},{"id":"a0e29b6c-66b4-41a3-b579-b6323dc7d88f","block_type":"box","text":"27,526.94","page_number":1,"box":{"x":772,"y":478,"width":69,"height":7}},{"id":"425ffc1f-7a25-442a-8bcd-a5a259550c2a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"48ffacac-1767-4e11-8e46-4691b10bc29d","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":520,"width":271,"height":10}},{"id":"884cc8b8-219b-4e54-a3da-d8e301043e23","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":523,"width":77,"height":6}},{"id":"211f063c-a952-467a-b7eb-957f38f5c8da","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":544,"width":42,"height":6}},{"id":"598ffdcb-0d63-46f9-b4d4-74caec774352","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":544,"width":93,"height":7}},{"id":"fafbe83f-3ce5-495d-94b8-eda9c956e03d","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":558,"width":37,"height":7}},{"id":"ccf56ea0-bdb2-4e35-9312-822779f98db8","block_type":"box","text":"135.38","page_number":1,"box":{"x":796,"y":559,"width":45,"height":6}},{"id":"62db5768-7d6a-42d6-9a8a-e2a440eff6bc","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":559,"width":52,"height":6}},{"id":"86ad216f-7478-4c1d-8298-26e34ca88b9e","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":574,"width":40,"height":8}},{"id":"d6ae0b9c-4cd9-42c1-985a-94b08383fe29","block_type":"box","text":"72.41","page_number":1,"box":{"x":803,"y":576,"width":38,"height":5}},{"id":"798ed411-1bc1-4602-bae3-e846409a33dd","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":576,"width":52,"height":5}},{"id":"2dd0ccb1-7d04-439a-a44f-86f7227c260f","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":591,"width":40,"height":7}},{"id":"02111677-7e02-4554-859d-358044f56133","block_type":"box","text":"784.68","page_number":1,"box":{"x":795,"y":592,"width":46,"height":6}},{"id":"f989d857-43b8-4ac3-940d-af1a261c49e5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":592,"width":52,"height":6}},{"id":"06f7c883-a1f7-4bc5-bdf6-83d4eafd49b0","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":608,"width":51,"height":7}},{"id":"9e5a572a-01a9-4521-b82e-aa4e74eb0708","block_type":"box","text":"207.79","page_number":1,"box":{"x":796,"y":609,"width":44,"height":6}},{"id":"1df2efcf-1dbd-4f4f-99c2-ae3d76676f03","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":609,"width":52,"height":6}},{"id":"4c798737-8d9e-42a4-be85-65cd748febee","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":624,"width":66,"height":7}},{"id":"23ae4a5d-18fc-42e4-ac79-5558f3d38324","block_type":"box","text":"1,014.33","page_number":1,"box":{"x":780,"y":625,"width":60,"height":8}},{"id":"ac9b5691-78fb-4891-a85e-660d22c3e53b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":625,"width":52,"height":6}},{"id":"9a25befb-dd65-44b6-88ca-11325f1af9fc","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":667,"width":189,"height":10}},{"id":"be07f561-7d06-4344-84a7-d144aaaaa867","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":692,"width":82,"height":7}},{"id":"d10b22a2-bbf0-4fcc-bcff-f710a672c143","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":692,"width":42,"height":6}},{"id":"c08f44f0-928e-45d9-bd66-937cfa2cfe7c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":692,"width":93,"height":8}},{"id":"efe548f2-9837-4b6f-bbda-518258d902e9","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":706,"width":127,"height":8}},{"id":"3a1c6de9-368c-40a9-83a4-a3bdd796edb2","block_type":"box","text":"-24.03%","page_number":1,"box":{"x":789,"y":707,"width":52,"height":6}},{"id":"04587e3d-736a-4d90-bc3f-148e206a0675","block_type":"box","text":"98.21%","page_number":1,"box":{"x":903,"y":707,"width":45,"height":6}},{"id":"9311c817-5cfe-4e23-bffd-1e86fab34948","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":723,"width":164,"height":7}},{"id":"231f1363-1035-4a62-8bff-23b72e5e38f2","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":739,"width":127,"height":8}},{"id":"21df6ff5-5538-4008-9c7d-b196043a17cd","block_type":"box","text":"1.25%","page_number":1,"box":{"x":803,"y":741,"width":38,"height":6}},{"id":"72cb16dd-a3b1-4c29-85b5-03ee6b537aab","block_type":"box","text":"70.20%","page_number":1,"box":{"x":903,"y":741,"width":45,"height":6}},{"id":"53f71bd3-e5da-4ae8-b767-bb1f41a64d9b","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":756,"width":95,"height":7}},{"id":"e0b804a7-8fa4-4cb4-842b-c9920c82d3e4","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":773,"width":127,"height":7}},{"id":"1e09c29b-e255-4044-8441-8fb4a485dc6b","block_type":"box","text":"-1.47%","page_number":1,"box":{"x":797,"y":774,"width":44,"height":6}},{"id":"cb4b862c-138b-4529-b2c2-d405f6fed399","block_type":"box","text":"97.16%","page_number":1,"box":{"x":903,"y":774,"width":45,"height":6}},{"id":"c3691227-2d3c-46d4-bfc3-f397abef6e28","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":789,"width":79,"height":7}},{"id":"d1fe6ce0-44a0-48d1-ab29-8f723cfe94e1","block_type":"box","text":"-4.82%","page_number":1,"box":{"x":797,"y":791,"width":44,"height":5}},{"id":"1484f770-ba17-4d3b-9754-797688b36975","block_type":"box","text":"97.16%","page_number":1,"box":{"x":903,"y":791,"width":45,"height":5}},{"id":"eeab4a3a-dadf-44f4-a6c3-a5f731d5352b","block_type":"box","text":"Report ID: 5648711.1","page_number":1,"box":{"x":362,"y":968,"width":109,"height":9}},{"id":"0577cb85-b213-46f8-9d55-217006af8152","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"93f868ce-7966-4bb6-b6a8-64d7a79935a9","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"bdf54481-8558-4d8e-a7b5-8ab9a8e91f2a","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"f6adde51-9078-4f62-9513-3c4b3813f3df","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"a4adf05f-658e-4f7e-863b-1386c22f9c55","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"cfbc516d-d6a1-4530-8754-f990899ec37a","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"d7570266-510e-45ac-85e3-a8e98609828d","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"9c973231-fb18-4e95-b7a5-ed3efdbab3ca","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"e5be0d48-dd33-4d7c-970a-ae3f97ccb756","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"8a8d2b67-54c8-44a8-b147-0baff7aac6b7","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":"a48c028a-99a8-4a7a-8510-7f08f6fafc0b","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":"8bae42bc-9105-4a15-a02c-3c60c4653db4","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"77f55c6d-416a-43ed-a690-fdef6e8c7fed","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"1f284180-64e6-4afe-bda6-bb8163120969","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"c4814327-8dd9-444a-9054-33d5d7189185","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"a6a1b40f-7a0c-40de-a0f8-2ffa698a5063","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":"ebd99d47-441c-4845-80d3-45f77189e265","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"89a294e1-af4b-4b2e-b051-c43c13370aac","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"f5b7c429-4ae4-4d7c-b69e-bb83bf3924d4","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"0f3461ca-a20b-4de7-993b-d00a6661a251","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"b80aee92-373d-4c7e-94c0-83e7dec35b3d","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"d42591d4-f0e0-43da-ba82-d06fd60f5edc","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":"8ac6d712-0048-4e1b-9e9c-a31e8a46f82e","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":"1b5d3ac0-41a1-423b-a922-a1dadf4b311a","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":"ba8ce234-a63a-4ef0-9a8e-b04f4226bd56","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":"fa6450d0-3c8b-4d46-8c87-4af3fb63f1ad","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":"6aeeb00d-a7e8-44c6-bece-fc57423e3004","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":"8e73ded8-616d-4d3e-80d4-65f4eb3c97c1","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"5702af07-3a31-414f-969a-e4ecafc7f29b","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"7b3bb241-ad9f-4dbf-81e7-f4fd8f892561","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"262dbfd4-def3-4890-92d2-42ad1385bad3","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":"c5e5d162-e714-4ef3-ad6f-7f06906acb28","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"2912e6c1-23bc-494b-8ad6-6c57416d5c75","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"90c59b59-8b47-43f6-a810-3241471467eb","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":"2ea5059f-6f8b-4522-ba6c-31c60a6cb0e2","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":"869f95e6-bd55-4551-abdc-a2f4053f136f","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":"51b06c16-5e50-4af2-8505-8072d3f4fdb0","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":"c24e7979-ca3f-469d-a8ba-74b5d5dd4767","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":"1fe522b3-ea70-432d-bb40-5d77a69dcc20","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"46214321-8dfb-49c8-956d-f474913ab541","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"10b665b9-2fbb-4faf-b6fd-1a25b5f022f5","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"81809246-4725-4be8-8d4a-71f3a1fc1a0b","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":"171a9016-2a82-4850-98e7-6d56e7104a99","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"d03149fc-b398-47df-a0e1-ceeccf9ece39","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"c3c5cb87-3e86-4e30-9671-155c5649722b","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":"39c1817b-7ce1-40ea-a29d-b13492c61855","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"20ad2b11-736d-411f-8ffc-1fd512f9db37","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"a3c08207-8eb9-4084-a2e0-fcd9c7e8c251","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"60924456-481b-4ab5-bd26-2f2e7df3a165","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"2e9af891-4834-4558-93ba-2052db0184a0","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":"9c822d2f-d15f-46e6-ac74-ff72bf0a175a","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"61d82c50-f4cd-4081-8fdf-f95db1f2e37d","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"6840f7ec-4717-4cfd-b0bc-f4ce43af1f40","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"05514ea1-284c-4e52-b65d-746fae4c3949","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":"3a919082-477e-4068-9073-2a7f88ba4156","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":"4833aa8f-95ad-4afc-bd3e-54a2089a2103","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":"4e0f2029-4bf2-44d2-b6c0-0e8d9866e660","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":"cd66df4f-528e-46fe-8283-927df85a762c","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":"4f610fab-5f60-434d-83df-8737e92f47d6","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":"066aaf83-b827-43bc-a6a8-e6683e7bdcd2","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":"1163d7d2-2ee0-4792-87d3-d139dc7c0ec5","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":"1a1cc24f-aadb-4a14-aec1-c3322b7b5c50","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"48c09332-dd56-4c8a-ba48-9b5802d7d156","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":"b341e1ed-9b48-4ccb-a152-bec0b6391fce","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"e5e3fc7a-533e-43c0-9afb-29a4b4c8bc21","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"c7b83d84-7428-46fd-970c-c705dc0cf6ea","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":"fbb2c823-7ecb-4e3c-9cda-04aff14c2526","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":"f72937dd-512c-4f48-a27f-3a533b9b3005","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":"806de829-3029-454a-a0b5-ce28c145a05b","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":"3cef3b09-0f27-42f1-9580-fe5106263acb","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"9dcbfb27-b804-4409-b897-e4a90e97df30","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"fb57ccb3-6393-4543-9d86-c4c412c23b13","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":"fbfcffb1-54b9-421d-a498-53c97b4a9cf0","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":"2160a601-8129-46f3-81c0-00f03878a05c","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"4484d5d6-3fe7-4757-9b16-d9d0dabce36c","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3","page_number":2,"box":{"x":515,"y":237,"width":362,"height":9}},{"id":"7af7679a-894a-471b-8e78-c80b7a1977f0","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"87d41cc7-f801-4cc6-af3b-f1dd80454a86","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":"aaa96db2-c94d-46a5-b2f0-bb2cf99a9213","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":"9ce02d62-7844-4ecb-94eb-83edc861404f","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":"a2b5d175-327b-439b-926d-076aed373398","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"227a10e5-f125-4581-8e00-72f134dd756d","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":"5319cadb-967e-4c97-872f-4d05d9e26735","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":"06e88509-e3dd-4365-8d5b-21e89e72f03b","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":"5690d9d3-b186-4ebb-8c1e-b5cd45db490e","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"fc7b9953-bccd-40b7-91ac-e5aacdf1d44a","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"1cc59402-6935-467a-ade7-83a21efa59c7","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":"7abb7976-70c1-45a6-a8d2-c7b127b8935b","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"326d577f-b83d-4f14-b71d-f0966cf4e3ad","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":"81912701-7f91-43f7-90ff-9f7fd2a71109","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":"a88d89d6-2a5b-4fea-aeec-8cc23733ad22","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"dd7caf4c-12c9-428e-97c3-abdb9b7b3ff0","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":"588f66c4-680e-4fdc-a62a-bec0a4cc734c","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":"1d277411-acd2-44cb-bd35-c209e12a4621","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"2f775643-a732-43eb-bf11-2b9a921d5ac9","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"94a5c8d4-6e45-4d93-aa65-df754624579d","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":"3c7699e9-12db-42f3-b53b-e70f1cd22630","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":"0f463243-a01a-4779-ac88-036cc0cbf4e5","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":"45e33493-79dd-49ff-b292-d6d7960247be","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":"a6f4106a-7028-415f-afc5-8b6175f4c840","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":"fde36c82-d447-4595-9fb8-c61450da66ad","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":"5882a395-e0e7-4552-b045-a910068dc65e","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":"7bcd1a12-ee7e-4d0d-a884-2b7bb18c99f4","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":"4ccefd68-f91d-4852-b7a9-f0189691475f","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":"5f2c05ec-7a7e-4541-852f-9a267a3e86fe","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":"839be4d2-c158-4514-8560-daf9fe70216f","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":"e948c0c5-2ba4-458b-8570-980dbe2512f3","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":"00c29e6f-238b-4176-a62c-eb7494e82a25","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":"b06167b3-6beb-45d1-9975-d7338ba86c95","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"d9f83ecf-9e3a-457a-aa2d-54fa3234a718","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"094ee614-a3e2-47b8-8b36-1bbae18b8f57","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"66f33560-45bd-4cef-9fcc-ae95bc663321","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"e3bb5b2c-f262-42d5-9f30-1ddc6b46e99b","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":"440f14d2-895e-4061-96d0-d75bfa31d6fc","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":"7956e7d4-ffee-43fe-af94-2038036f87bf","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"faefede7-f0e5-40cd-bb23-2a52acff396b","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"87aacf04-e187-45e2-9666-9dda8042d14a","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"9b579915-2dd1-42de-885e-13bc939a43af","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"05148f9f-f625-44d4-952e-7f91dfcac1e0","block_type":"box","text":"Report ID: 5648711.1","page_number":2,"box":{"x":362,"y":968,"width":109,"height":9}},{"id":"4c550125-1585-4430-923a-43399c554ead","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"f2628f1e-3adc-42a8-9553-997bb06e44af","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"1915b419-282e-4d9f-bda5-6da4855bdc29","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"516657d3-7312-4eaf-9638-e1c2f9e6baa8","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"838d13e2-04ec-4b67-9964-17f247c01b43","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"17a2d3b8-1933-41f4-a551-64c69b263e94","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"cd1d8319-3a86-44c4-8326-a2f086892f09","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e02d96d1-1d09-4c42-aedb-86bb2a6ac023","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"72067a91-bc1a-4e82-8940-7c4b373c4788","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"86a8115f-2d63-4623-a9dd-b0ff9d297679","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":"22536c86-a133-4e78-ae0b-470afde6295f","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"f3184681-308c-4cc9-b0fe-064f4c3d5001","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"6ab8b45d-db27-4000-a8bb-2a91e72266bd","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"6551d404-5e40-4158-85cd-9c812bfa8b68","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"de650b18-17bf-4d22-96cf-3fb100631972","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"853b29a7-496e-4ff2-861d-5b8d1d70adc7","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":"79f4217d-9fd4-4cc4-b996-394b6e85ea53","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":"952f5afa-42c6-4369-bced-6ed3bf3e3119","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":"75f3b199-1488-45e5-93c9-4ff38ba08663","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":"90bdce42-e650-4da2-8918-657bc6a3b8f8","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":"b0d61f99-1058-4319-9167-29f915653106","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"8f8e918b-32b1-4e33-9b6f-3779c2f84c6d","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":"b20b6670-2782-4b6d-826a-d518addd638d","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":"d4c153a7-9642-4502-8564-6925eb8678c4","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":"5ddbcf76-b62c-4b6c-a178-86494ad9b442","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"e0475c03-1672-43b8-98f3-fe85e57be1b9","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":"3e6e5078-270f-44f2-81ea-bba6b8e9c2a0","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":"3eeeed28-b5ee-4c4f-8638-5f23fd4b7d68","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":"b774dbe2-7362-49eb-ac7c-213c12e8c90d","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":"507171fd-be0f-41a6-bd9e-818561057f2d","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":"3867f752-80c0-4a46-b03d-c5b349c539c5","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":"b0aa3048-6300-4697-ade9-bee99074e12b","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":"f3bc5f21-f754-424a-a3e9-890fec730044","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":"edaaff8c-93bf-410f-920f-ec662e98d675","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":"b955f855-898e-4057-be5c-e1c3ddf2fc88","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":"e6861e23-5dd4-4446-9023-ad49fd0c2075","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":"c01f8b41-e0ec-4ea8-ad5d-99d5a5b09925","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":"017198b2-add5-4079-b66e-ca666e03c7e6","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":"5f7021b1-b7c6-4e47-b61a-3edad35e2215","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":"94b06e56-6a63-499e-a607-1555c26ffbca","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":"ba5c9e5b-dd64-4d03-82ca-b7513557eafb","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"6452719e-8414-49f3-9572-8bef4d9acb59","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":"d021c45e-dca5-4481-83bc-ebba4e38a0ba","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":"bf699582-2077-4d7f-bcb2-cd0012ca0b84","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":"79875c0c-2845-47a6-a54a-cd3108b2cda8","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":"0a84d2cb-df69-4919-808c-6b53bfd3d895","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"3ac4f29b-9b4a-4350-ab02-96dcfbbe16fc","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":"46c4955e-210a-4fae-88bc-5c7629df52e2","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":"762d6d50-ccaf-43c0-b3b1-8a256ada3396","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":"be6ec4a9-b5c0-42b7-b8a8-49245b51673d","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":"c9eb1071-6450-4413-9f76-c82f2bd9e7b2","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":"310e4c5e-ef2f-41b8-85bd-bda059d1152f","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":"3d89cd9d-ae59-4ecd-aa41-71ccc894b7c3","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"0b291ccf-9b8c-41ea-b211-f09b70eb36bf","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":"c313d54d-b87c-4c32-846c-8ea56bb17c5d","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":"5d59bc23-fc5a-4de8-87aa-177447e01eb4","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"52d47d44-7784-46a7-be1e-a22858c6893f","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":721,"width":430,"height":9}},{"id":"a070da26-2e59-4477-8e77-ec90a98e731c","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":734,"width":420,"height":9}},{"id":"5bbf2bcb-d8ea-4de5-95ab-e48b21467852","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":747,"width":372,"height":9}},{"id":"0265ac95-5617-40fa-ade6-e531d836164b","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":765,"width":414,"height":8}},{"id":"90bbd874-2729-43d0-9ac5-8c8724074bce","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":777,"width":400,"height":9}},{"id":"e049708e-7cc3-485f-8848-40b009a27785","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":790,"width":396,"height":8}},{"id":"641761e9-1dd7-428e-a8d8-42799834e69b","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":803,"width":416,"height":8}},{"id":"5706b3b1-103d-456e-95c6-d5f143fb4d6b","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":816,"width":403,"height":9}},{"id":"3eb992d7-dcf3-4754-bf76-6075ee25d7d0","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":829,"width":407,"height":8}},{"id":"fd6e9661-c459-4fca-8ec7-57a6e33d4349","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":842,"width":410,"height":8}},{"id":"6d9904b8-2f5f-4ff4-aa63-afc2b78345be","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":51,"y":854,"width":414,"height":9}},{"id":"cd8a2739-0aca-41cb-b346-df4c933b6cf8","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":51,"y":867,"width":428,"height":9}},{"id":"5b85ada4-a298-43e7-a5d9-8e31c5712c5c","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":51,"y":880,"width":432,"height":9}},{"id":"64847157-bc4b-4835-8126-98b8bf445559","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":51,"y":893,"width":421,"height":9}},{"id":"119d3436-c139-4972-a40d-5b17a73ef155","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":51,"y":906,"width":430,"height":8}},{"id":"02412fe4-c8bb-4511-ad68-1282e80e0f09","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"082d977d-173a-4c14-8344-1b0bd0cd4ed0","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":92,"width":416,"height":9}},{"id":"0f7b33c4-9c88-4800-8717-0746e25717e1","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":105,"width":415,"height":8}},{"id":"d67cc8c2-e30b-407c-bf9b-223f1dcf3cab","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":118,"width":422,"height":8}},{"id":"cac15b01-9cbf-4d23-9991-520cfc93069c","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":130,"width":307,"height":9}},{"id":"ca659288-f26b-45e4-a127-5787966d26c2","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"c6c8a096-ffa5-4d03-9382-e17a02cada1a","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"3f1bf116-c578-47b2-8395-f1ebf8c4a99f","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":143,"width":292,"height":9}},{"id":"21e4a3ee-5574-4bf4-8f3a-79dfd2a99607","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"ca349c55-4950-4ce2-8dbb-87bcf6b97be5","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":156,"width":421,"height":9}},{"id":"fed35c6b-ea05-4bfa-b5de-eb9acb19b500","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":169,"width":390,"height":9}},{"id":"3b62ba64-94cb-45fc-917c-40c5aec51ce0","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"aee65efa-42cd-4dc6-8bfd-2839dacd2661","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":187,"width":418,"height":8}},{"id":"ce837dad-dcc7-4fcb-9727-78680de15a2c","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":199,"width":431,"height":9}},{"id":"5e211d88-14ab-4120-bfeb-8728f072585b","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":212,"width":354,"height":9}},{"id":"87520bde-845c-48d9-bf24-4fc7bffef0c7","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":230,"width":403,"height":8}},{"id":"01fb328a-84ba-4d7e-ab03-049df68ad424","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":243,"width":411,"height":8}},{"id":"f9b7a3d1-9e35-428f-8051-90bf93e51149","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":255,"width":401,"height":9}},{"id":"78f1673b-433c-43db-b3c5-b52203d89dcb","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":268,"width":402,"height":9}},{"id":"4cdedb16-5ca8-4341-8722-5644045751f6","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":281,"width":416,"height":9}},{"id":"6b29c715-9754-4173-8cae-a00476acc600","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":294,"width":338,"height":9}},{"id":"6ec28a5a-5640-4dad-a129-1fe955ae4cba","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":311,"width":408,"height":9}},{"id":"923820d8-982b-442b-be1e-e22c1e8938b2","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":324,"width":416,"height":9}},{"id":"6cf0e9ef-d81c-4af8-8f4d-31a406404b93","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":337,"width":382,"height":9}},{"id":"212a267f-e63f-4674-99d3-1beecb521752","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":350,"width":397,"height":9}},{"id":"5a6e3f45-5da4-4b84-bed8-20163d670042","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"2bd2ba7e-6df0-4d77-9b44-86d01e0ba8b5","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":380,"width":398,"height":9}},{"id":"d3db2bea-26a3-492b-9f18-b3b0b3e794be","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":393,"width":407,"height":9}},{"id":"cd637bf8-0551-4ac2-97b6-b1f2b9351e48","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":406,"width":427,"height":9}},{"id":"8bf6af2e-bc01-44e7-844e-8930a27edcd9","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":419,"width":403,"height":7}},{"id":"eefd5866-b730-4a5c-8135-479f3914923e","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":432,"width":393,"height":8}},{"id":"e7de07e4-0d0c-492b-94b7-45b729e87cbf","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"aca9ca0a-d709-49ed-a59b-e813dd2a6bc0","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":462,"width":389,"height":9}},{"id":"e59ed461-20e3-45b7-aa77-0bbc6e629a8c","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":475,"width":379,"height":9}},{"id":"a67a7a8a-4216-487a-80e8-de72311c61a4","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":488,"width":360,"height":8}},{"id":"dc94d3b8-afbc-4803-812f-3c2a71699224","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":505,"width":419,"height":8}},{"id":"42b12a45-bae3-4ce5-b78e-b03b7f98c4eb","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":518,"width":431,"height":9}},{"id":"11f74498-df02-44ca-a8bb-06b0e727bcc6","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":531,"width":428,"height":9}},{"id":"fbd4eaf4-cb8f-4a81-a7b0-6f3a911590ce","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":544,"width":427,"height":9}},{"id":"414921aa-2b36-409b-9fc6-3386df963b0b","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":557,"width":411,"height":8}},{"id":"d4c89a11-93b6-42a0-b32c-40d9e0f3175c","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":570,"width":395,"height":8}},{"id":"7a8fe17e-307d-4d63-a344-76b68f26a16d","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":582,"width":411,"height":9}},{"id":"6c54d9d3-706e-4364-a87e-4c03b936d386","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":595,"width":396,"height":9}},{"id":"24a15ae5-29ee-44ff-9c51-3aab458e349b","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":608,"width":433,"height":9}},{"id":"bdaa209f-c61c-4822-9a59-128f899253d7","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":621,"width":420,"height":9}},{"id":"09e51415-955b-4ef4-aafc-5352155546b1","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":634,"width":422,"height":8}},{"id":"2be397a0-6236-496a-9e88-5fb38a4f333a","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":646,"width":392,"height":9}},{"id":"50d3ecf5-8354-4d78-ad12-2c992223ea33","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":659,"width":407,"height":7}},{"id":"ca0ed568-f1d4-418f-9b3f-e14b68cd21c3","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":672,"width":413,"height":7}},{"id":"539435bd-6ed1-4fd5-a67b-6733ee051400","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":685,"width":412,"height":9}},{"id":"e12fbe48-d25a-461a-9273-eeb7521bb2e8","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":698,"width":431,"height":8}},{"id":"78d188ee-ff11-4a1b-bcd4-c4bfaa2873f6","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":711,"width":398,"height":8}},{"id":"0b1b7d75-7e63-4e85-af16-48c58a0580c4","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":723,"width":403,"height":9}},{"id":"a3bfc303-b4c9-4721-ae8e-dd996524d192","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":736,"width":401,"height":9}},{"id":"4ca6c646-1c91-4750-b54c-b5aa822ed3ec","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":749,"width":418,"height":9}},{"id":"3bd1bd15-79a5-4b32-a20f-3b31b3aa8638","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":762,"width":428,"height":8}},{"id":"2bedf57d-c439-4ef1-a040-1a3c8c0c47c9","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":775,"width":405,"height":8}},{"id":"c4234e63-150e-4a5f-a532-61bd924045ec","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":787,"width":426,"height":9}},{"id":"d1427a61-9554-4f49-8aae-da2570634ec3","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"0f00defe-d42f-4b15-adaa-df5f22661c03","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":818,"width":429,"height":9}},{"id":"ae672b99-599a-4cf9-9ab0-5756e218ead6","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":831,"width":428,"height":9}},{"id":"ee63221e-2b7c-41a7-9032-e181b8d3f36a","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":844,"width":415,"height":8}},{"id":"14ba4c2f-c019-413f-b7ed-195ac538f6cf","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":3,"box":{"x":515,"y":856,"width":389,"height":9}},{"id":"f849ff60-1519-4e52-9870-91b4eac63ad2","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":3,"box":{"x":516,"y":869,"width":432,"height":9}},{"id":"abbbe2ba-a4eb-4e8c-a245-ba34ef8c68cd","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"773f8948-c9a5-4d70-a98e-9e052298c95f","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":3,"box":{"x":516,"y":904,"width":360,"height":9}},{"id":"49303664-f9f9-421b-93cf-7c8d2aeac40d","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":3,"box":{"x":515,"y":917,"width":404,"height":9}},{"id":"20b8201e-037f-451b-bcaf-d10a1bae83f1","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"646f5b12-a1e1-4de2-8035-8ef5f51b7e16","block_type":"box","text":"Report ID: 5648711.1","page_number":3,"box":{"x":362,"y":968,"width":109,"height":9}},{"id":"7b272c9d-d523-4582-90bd-3be8134062e7","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"b086cdf6-9390-4e4b-8f0c-85e9c6b569de","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"a52f65be-2b89-4eb5-9fc2-c029760d161a","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"90ff089c-ae3d-4959-ada8-f3374c2f10fb","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"83b5f1ba-1d0e-467e-9ba9-cd1363c84133","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"a11d5d2c-b5ff-4c0d-b16b-d48a71fddeaf","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"87edf64c-f29b-48d4-b6b9-a8b992372514","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"6000341c-ec50-4ea8-957b-819b7d9147d2","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"c0914580-2c36-4542-b9c7-c1705b9ed8a8","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":36,"width":433,"height":8}},{"id":"9691cad3-c3cc-434b-8b1e-ef7afc63951c","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":48,"width":418,"height":9}},{"id":"694d1fdc-ffed-4c8d-a21b-bec6aff12a4e","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":61,"width":398,"height":9}},{"id":"5f263805-0fc7-4298-a1b6-0affa92a49ea","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":74,"width":413,"height":9}},{"id":"736b8823-7a89-486b-80a4-f7e2d6fbfe5a","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":87,"width":292,"height":7}},{"id":"cccdc318-d789-465f-9936-73910036c7f3","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"0cbecb2a-110f-4606-911a-bf888f1f20d0","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"702a80c5-5fba-4386-a170-7b4adbde8312","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"4299a312-f3e4-4364-9715-9f069619daa1","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":104,"width":387,"height":7}},{"id":"6c5ecb10-b546-42a2-90f5-6dd569e76d9f","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"52479e1a-c8d9-4067-ae1d-6e5fd871b47a","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":135,"width":385,"height":9}},{"id":"3b0f18e2-d344-4af0-b785-203579f29026","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":148,"width":403,"height":8}},{"id":"dbe7de53-4162-4dee-958a-96e0e6623f82","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":160,"width":401,"height":9}},{"id":"dff7a02c-5127-4a78-a878-ee627eff28c5","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":173,"width":412,"height":9}},{"id":"87712a69-2bec-48b2-aedf-ed33d82461d9","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"647689aa-8403-4c1b-8ad1-12c8ea561c78","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":204,"width":413,"height":8}},{"id":"00b44eb3-2f24-42b8-b24f-ee7883baa05f","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"755774fe-4371-4be2-ad9f-6f8e006dcfbc","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":229,"width":427,"height":9}},{"id":"d76d4a2e-5ce1-4d2e-be34-8bc3ed89186c","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":242,"width":394,"height":9}},{"id":"de0658b5-471a-4fbd-b352-1e46e2982d69","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":255,"width":426,"height":9}},{"id":"4e98438d-caaf-4966-ac70-e7f463fefd00","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":268,"width":369,"height":7}},{"id":"0e0c51c3-5cc5-466c-9b90-9848ee588bab","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":281,"width":408,"height":8}},{"id":"117d1b5b-86c7-482c-95a1-f0a3e8843d01","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":294,"width":413,"height":8}},{"id":"f455c1ec-e767-4a0a-9896-bfb1bfd40035","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":307,"width":426,"height":8}},{"id":"db4d40ad-9244-4565-9a37-510ac2a65b36","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":319,"width":277,"height":7}},{"id":"049e28c0-9ec5-4b23-95a8-918423245ada","block_type":"box","text":"The fund is an alternative investment fund for the purpose of","page_number":4,"box":{"x":50,"y":337,"width":388,"height":8}},{"id":"e7be2a92-0d36-4b63-886d-4177cdc54537","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"32aac8fd-c314-4553-a8cb-51320cf56594","block_type":"box","text":"Directive(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds","page_number":4,"box":{"x":51,"y":362,"width":356,"height":8}},{"id":"a703c9b1-8773-4a16-8828-bde1f1e0ea8e","block_type":"box","text":"Management, Inc. or State Street Global Advisors Trust Company is","page_number":4,"box":{"x":515,"y":36,"width":431,"height":8}},{"id":"c9a18d58-d38d-4a9a-83fe-85d0d0d8124e","block_type":"box","text":"the alternative investment fund manager (“AIFM”) of the fund and is","page_number":4,"box":{"x":515,"y":48,"width":431,"height":9}},{"id":"60889bec-9b21-48fb-930d-754fcf32e6b2","block_type":"box","text":"an affiliate of State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":61,"width":323,"height":7}},{"id":"efca2c98-6ff2-41cb-b133-a0fc53458a33","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":79,"width":408,"height":7}},{"id":"ed9e3047-42d2-44a0-8f95-51419c484b5a","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":92,"width":413,"height":8}},{"id":"883d6c48-45ed-43c4-9951-d396eb4d6852","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":104,"width":397,"height":9}},{"id":"6252b07d-6694-4a1a-aac7-ade44950ca79","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":117,"width":391,"height":9}},{"id":"e3c84f80-db44-400f-97d3-a1f543705a30","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":130,"width":428,"height":9}},{"id":"da5ae8cc-2103-472b-aad7-0cc05ac49930","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":143,"width":420,"height":9}},{"id":"bbf2d21c-111e-42ba-91b4-3cdbfb9e148f","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":156,"width":360,"height":9}},{"id":"4c912d5c-490c-4494-aedf-8bbef77ad1d9","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":169,"width":374,"height":8}},{"id":"cc8bc2a3-e9fc-4d29-af2f-a51eff5699fe","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":186,"width":419,"height":9}},{"id":"eae2e9c5-1cb2-40d1-a0e1-ec5af75f0236","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":199,"width":404,"height":9}},{"id":"6dd3ea06-1b06-44bf-a3bc-95ed463bd1c3","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":212,"width":401,"height":9}},{"id":"1725f9a0-d5c5-453d-af8a-dc0eba909655","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":225,"width":392,"height":8}},{"id":"33fdafd6-2267-41e7-ad73-fb059e686cb8","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"788d29e9-6b97-4820-ac09-3206a860b559","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":255,"width":417,"height":9}},{"id":"cdf5180e-4d03-40cc-a214-55b961c681f1","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":268,"width":393,"height":9}},{"id":"98c03073-c8a3-4174-9fcb-0086578fb2f6","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":281,"width":411,"height":8}},{"id":"cd18f9f5-02b0-4d16-b51d-fa874ffbdc9b","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"a449c0b2-7fde-4725-9ecf-cf0494673909","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"c06d2ca5-ef95-4d8e-b506-a496b9abfd5c","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"439245cd-0c42-4fa7-8259-5f6f35763776","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"8b41ea81-1a83-46f3-8ae8-39c55cc95115","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"8bd864f5-e3e0-4b50-8ad8-323d229e6799","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"cc82679c-7289-41bf-8d10-b1f0e9943880","block_type":"box","text":"Report ID: 5648711.1","page_number":4,"box":{"x":362,"y":968,"width":109,"height":9}},{"id":"99c9d580-6ccc-4314-a820-a19b91b7b1a6","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"7a684852-c3d1-4f03-84ee-c07be4b0a4c0","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"d647db9a-ed1e-402b-aa2b-06ab07fbbd55","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"e437180a-20f1-42f8-a956-a5c561ee58cc","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"2b8232aa-aad8-47dc-89d0-289bd37a30fc","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"e807ea44-d6d9-470d-8cc3-c248ce23c9c6","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"a9842cae-86dd-493b-9f1e-5321be5770a2","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"98f8c25b-e932-4f57-a6bb-3c233a486e8f","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":"5907f995-25c9-4f64-8179-2ab55a301044"},"user_id":1000002,"date_created":"2026-10-17T01:12:37.436000Z","date_modified":"2026-10-17T01:12:37.436000Z","private":false}