{"annotation_id":"240f3675-d9ed-40e7-8878-e7947c226566","file_hash":"28a992710d63eab0216c48ba42e52b45a26b2ca15c4ac15328215a2703cd55e7","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"57e46299-1b80-4e2a-8d20-1d60889fff77","block_type":"box","text":"State Street Emerging Markets","page_number":1,"box":{"x":51,"y":71,"width":536,"height":23}},{"id":"e923f580-6dd2-449b-af30-0723c28cbb79","block_type":"box","text":"Opportunities Equity Fund - I","page_number":1,"box":{"x":51,"y":105,"width":488,"height":23}},{"id":"abd1b991-ada0-4d0b-b2f0-03dcd6ec8ae7","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"bd43ef17-ff4e-4b5a-82fe-b1b7451c3795","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"abfb550a-b8e8-445e-8a56-5b7d3f6368de","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"5e2d5234-9ac8-4414-af39-1ab5e426f9cb","block_type":"box","text":"LU2047634378","page_number":1,"box":{"x":754,"y":107,"width":83,"height":6}},{"id":"5a6b5abe-38a1-47dd-8abf-4a77fe8ca09f","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"b956eec4-dd99-48c5-b75f-3995d7c94805","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":174,"width":884,"height":9}},{"id":"ed2fc67b-6c00-44cd-a64f-83e258cb60a1","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":187,"width":888,"height":9}},{"id":"a17ea2bd-f3ef-48a3-a0f0-df341aa395f5","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":200,"width":866,"height":9}},{"id":"ddc34bb7-6479-44e2-aec5-4ceb66848b2a","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":213,"width":842,"height":9}},{"id":"9958158b-42ea-4c23-900a-7080428c85cd","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":226,"width":560,"height":8}},{"id":"19e4dc1d-36ed-4900-9490-98420fda565c","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"bf0959af-fa73-4987-81ca-1673a3b5bf01","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":307,"width":844,"height":8}},{"id":"5771cd13-2aa1-4802-94a6-214e4e3afe94","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":321,"width":875,"height":7}},{"id":"aab96074-6d1a-41fd-ae21-60b18937039a","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":332,"width":481,"height":7}},{"id":"b8143da0-13f7-4050-9c0c-3ca53904617d","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"79a212e8-d77e-4bb1-9e0e-f13abfcfbb90","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"7fd74c49-9b5f-4f5b-a285-d282d29a0c06","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"c5793a08-6fe4-45c4-b8e4-c83aec112d1f","block_type":"box","text":"4.95%","page_number":1,"box":{"x":104,"y":402,"width":51,"height":8}},{"id":"39cd578a-cc7b-4a1e-b593-ac8b42f88e32","block_type":"box","text":"1.44%","page_number":1,"box":{"x":339,"y":402,"width":50,"height":8}},{"id":"d1f88d16-339e-495d-a02d-f876eaf3033f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"1d290a3a-7ad1-4e66-be07-ed84a7aeb1f8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"8884a4ea-3d79-4c27-bc72-68d5eec2bd2b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"54de8765-2198-452e-8524-8685e28200c1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":432,"width":53,"height":6}},{"id":"c0bbe546-4ab9-47a3-80c3-f88d2bf4795a","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"0b0505c3-c6f9-432c-a8a0-cfa85fa5e9af","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"984f74ce-5f23-48c2-964a-2ef0234cc589","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"a0292992-180b-43d1-ba56-bb334dc98626","block_type":"box","text":"2.79","page_number":1,"box":{"x":105,"y":512,"width":39,"height":8}},{"id":"7c5f9736-ada3-4bd3-83b6-7b7c1a7cc5ff","block_type":"box","text":"0.09","page_number":1,"box":{"x":338,"y":512,"width":39,"height":8}},{"id":"eee2cd08-8c3c-4249-ad20-6a8352ce8117","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"a28530c9-97eb-4583-a709-8624cb7f2701","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"d735522a-b550-4aa1-9836-fa7d2c2a8864","block_type":"box","text":"98.74%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"a4435b05-96ba-4351-85cc-5b3ca1b77cf8","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"21401f12-1db5-4ba4-b015-5517638445e3","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"1905dc86-21f7-4c51-9605-6f15a1e96d49","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"41afa94f-9888-4135-a059-4b49b2e07b78","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"caf0a603-aac2-4073-b059-f6f807a76013","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"8377f768-fbdd-4fc4-aca2-a8bcf1446a6d","block_type":"box","text":"19.08","page_number":1,"box":{"x":322,"y":617,"width":37,"height":5}},{"id":"bc29c5f3-f74d-4793-b8e1-bf2ce7be78ba","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":617,"width":53,"height":5}},{"id":"22bbce6b-6052-421e-b43e-15f37654ec4e","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"bff50262-37c7-4546-a7fb-2663f63f24c5","block_type":"box","text":"10.26","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"fbfa84e2-4724-4001-a40c-1951cd2f3308","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":633,"width":53,"height":6}},{"id":"1e8f587a-06d9-46ad-9e68-9f9f45a78e7c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"32815e9d-4928-4a3b-8cf1-ac3a652fd4e2","block_type":"box","text":"239.52","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"17912774-f917-4369-a3a6-04c4ac651be4","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":650,"width":53,"height":6}},{"id":"6b63c889-8b3a-4d3c-943c-3ad3a9e4a78f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"7ab63454-74b3-4f5a-9917-bac583111c1f","block_type":"box","text":"29.50","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"07d0cc3b-661b-40c6-a62f-8a47b965e61f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":666,"width":53,"height":6}},{"id":"e4834bc6-7846-417a-a7b9-6b1367665048","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"c401d6b8-ed99-4860-8012-ec26aceb4730","block_type":"box","text":"292.05","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"dd4c3c0a-a3a8-4bdd-8c53-6823c2cb6f24","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":683,"width":53,"height":6}},{"id":"aba28917-0269-4be8-b363-d3a657dcec96","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"34566ed9-65e2-4c09-a819-5fe25b1aba1f","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"38a9cb1a-f82e-4772-a763-a6659043a70a","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"577ee48b-74d4-4f08-a52d-72fc1222a90a","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"50643075-a000-4862-9421-bf073e984e3d","block_type":"box","text":"666.95","page_number":1,"box":{"x":795,"y":417,"width":45,"height":6}},{"id":"3b9260dc-3fc1-419e-8e0c-1e4ec7d83844","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":417,"width":52,"height":6}},{"id":"84ca4e8e-f223-4d0a-a488-a61867629332","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"3bf6d820-9449-441b-8f45-bdc8e196a54c","block_type":"box","text":"358.70","page_number":1,"box":{"x":795,"y":433,"width":46,"height":6}},{"id":"2030d8e4-45d2-4610-995f-67f546000c37","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":433,"width":52,"height":6}},{"id":"a4065a9d-3ca9-48de-b7d8-f2548fd09870","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"104a7277-245a-4ed9-95de-6e47bbfe9a26","block_type":"box","text":"8,373.09","page_number":1,"box":{"x":780,"y":450,"width":60,"height":7}},{"id":"8cab194e-63fe-46ca-b9f2-2d1e844ca208","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":450,"width":52,"height":6}},{"id":"5e10a42b-c4fd-478d-86a8-99b6473776f3","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"f4c73308-bdd4-469d-8854-719a54b97226","block_type":"box","text":"1,031.34","page_number":1,"box":{"x":780,"y":467,"width":61,"height":7}},{"id":"aa78a7af-6e51-4759-a870-2e6845633b79","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":467,"width":52,"height":5}},{"id":"1ae1a36f-bea7-4e7d-a03a-7146a79211c5","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"9774472e-da60-424b-ad60-bbc48f7a879d","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"fb4836d7-abc2-48a6-b859-ffa731c0d5ef","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"752e2206-5514-45e2-a279-123d45778cdd","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"8c8e4b3a-0d9b-48c5-a679-4a8790e71ed3","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"8c3d4f92-4009-4435-a320-d1d7c33e2a34","block_type":"box","text":"79.39","page_number":1,"box":{"x":803,"y":548,"width":37,"height":6}},{"id":"488f3dc9-7c06-4b66-9a19-85fa3c0fbfc6","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":548,"width":52,"height":6}},{"id":"31742f10-3d20-4830-b1c3-113db123f18e","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"3c5b6b7b-f463-402f-bc8d-a29dacfb0ed1","block_type":"box","text":"50.72","page_number":1,"box":{"x":803,"y":564,"width":37,"height":6}},{"id":"d2ad9946-d30c-461e-998b-fc1467994adc","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":564,"width":52,"height":6}},{"id":"8482e0d2-25af-49df-9c1f-8dacf691815b","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"b0c70908-7c66-425e-b875-c70d961a400f","block_type":"box","text":"617.82","page_number":1,"box":{"x":795,"y":581,"width":45,"height":6}},{"id":"5f0b10f1-9cd0-4032-b59a-739b479a4f27","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":581,"width":52,"height":6}},{"id":"28feab14-38c5-4ff3-ba49-83c522aceaf5","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"531bd1a3-eea1-4834-acb1-939b52aebb8b","block_type":"box","text":"130.06","page_number":1,"box":{"x":796,"y":598,"width":45,"height":6}},{"id":"d44669f6-e683-404e-ab8f-d81d02232a5e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":598,"width":52,"height":6}},{"id":"a61a5c78-cfcd-474a-95d5-d8d1fc18b3e5","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"74001991-45f1-4037-b801-000787dcd650","block_type":"box","text":"750.58","page_number":1,"box":{"x":795,"y":614,"width":46,"height":6}},{"id":"1d8a96cc-ca53-4736-bbef-eede0a0e68ce","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":614,"width":52,"height":6}},{"id":"14fa6235-6ce0-46bb-a46b-b837e4d7499c","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"78278445-eab0-4845-a517-c50b8f4b54af","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"dc24ba3f-fb8a-43d9-a85f-39699738d8d0","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"61086a65-fcd8-474d-ba69-b477e986bbad","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"7cfa8e9b-2239-40a4-81a7-9b5ba1bc36ca","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"e0a2c176-266e-4b3c-b014-b925c1636990","block_type":"box","text":"-3.75%","page_number":1,"box":{"x":797,"y":696,"width":44,"height":6}},{"id":"76381dca-9d4f-48cb-8737-8233f12c2bfd","block_type":"box","text":"99.60%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"9f74d232-9b4f-4411-beda-8100616c5230","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"42c1e302-57a1-4f5b-936a-4fc2eb69f011","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"f020fcd9-3ff4-41d9-806e-fcb11a9e7717","block_type":"box","text":"1.84%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"a07a8e1e-f451-4e3e-94c4-5b23879b23c6","block_type":"box","text":"82.42%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"0b5edf80-0370-448f-b99a-27f01add6c48","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"e542c380-8c42-4f28-b556-41bea225c065","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"3f3a7476-f9b2-455f-9645-23e3fb68afd3","block_type":"box","text":"-0.33%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"be4ea088-5114-47a7-b76a-556a7199b991","block_type":"box","text":"97.75%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"f1b86544-2a01-405b-b794-bd522bcdf820","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"fba24e22-8381-4bb8-8061-9ed9e37f042a","block_type":"box","text":"-1.43%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"f13f62b6-0b95-4af1-bc8b-b6cb25e34f14","block_type":"box","text":"97.75%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"32e23d8c-ba40-4af7-8540-b88826393d7a","block_type":"box","text":"Report ID: 5592872.1","page_number":1,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"dd2524a1-d05b-4bf6-8e18-b1cfc0e3a7bf","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"8eafc522-cc17-4965-b6a7-b6f836a6a43a","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"b614de27-ccb3-4c16-b317-9fdd7458b191","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"ab861a01-86ed-48f7-82f1-132dea381573","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"6ab8af50-2d66-4e23-b50e-ad70a04f3082","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"a5e1d71d-a5fd-4361-a07a-182f1236cfcc","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"f69f22f0-11f8-4d68-a61f-0b7bf1c945ac","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"f93095dc-2d4e-4b13-9784-079dfeebfd41","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"d43aae85-39ed-4a54-bd6b-24099617419c","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"0d4372ad-5518-4db3-a004-b7d7e4f49432","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":"54d0a39e-9789-4ba0-8735-c7a5d2793ccd","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":"273645de-f787-4549-898b-b83b28292f0d","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"297c97f6-de29-4208-be6e-1f9730fe8c63","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"db612728-1464-4eab-a0d2-89eb7249c2e0","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"986f1842-3124-4665-98a3-f3783d217fda","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"80b9eb25-5040-4c67-8281-ee8315fb222e","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":"064b63e1-54fc-4116-a8fb-99c880776cbb","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"b3d147ad-e1b3-4340-8ea5-bba2310614b9","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"c02178d0-8e33-4bea-965b-0c354817a72f","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"c32287af-7d8d-43df-ae48-10d8ffabcb53","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"6dbf6936-e472-473f-b7fb-0433a8bbc6a3","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"083987ad-c072-446e-aa39-f01f227aa7f5","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":"ae62790c-0a5a-4cac-80c1-64d6c83ffadc","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":"8665c59c-7156-41fe-ba21-625fd10b22ff","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":"3b33bf4c-4b11-453b-9399-62c880a28410","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":"bdf98d6d-8cb5-4aa5-9a2f-d867325d54bb","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":"d1a45877-d9df-458e-8f97-82d413226e4c","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":"71597252-bf90-4fc3-b889-dd82dd4baeac","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"8df6e276-0386-4376-8a7c-0422a309d04e","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"19c80149-fcb7-42ac-82ef-5b0672cae729","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"bf93f0ff-099f-4053-ad98-65e23cde0278","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":"0a347478-dc79-4021-995a-5b18d5b6d080","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"4273df34-4a49-4ef9-8341-fc03ab9cc3a7","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"298cc6cd-aa70-4290-b29f-1ab5d8087ee1","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":"5baf13cb-7fee-484f-8908-7c83705a00a5","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":"fbb6f79d-6159-4a2c-aff7-c816d4bbeda8","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":"53011293-8603-47f7-bf19-f1172e67e5d3","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":"fa150d33-cc27-4888-9bbe-5cb41ae826da","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":"bccb6859-52e5-49a0-9401-1efad46f80c4","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"55df0258-0e33-443b-a007-3b40896e7616","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"9d9cfa23-fe1a-4284-bbc8-5cc2f8282dc5","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"22c5b07b-615e-4933-8100-5c1585ddaf2a","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":"02c1649f-be45-460d-8f6f-9fb440dafa1f","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"5fc73703-6bb0-4dd5-b01a-19dce8bc52ee","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"6a9c1201-436b-4a86-b1f0-f6dfb1dca312","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":"634e7f63-c1ec-418a-9e26-2789fa0f4e96","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"c6d36979-c660-44e2-85c7-083bae9b558c","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"d10d3e0c-9671-4788-8741-3dcf5e522bd0","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"ea6c6929-58a4-4e53-82ce-6da5bb639d84","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"c0cacca6-e67e-4bd1-82ee-b63774486711","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":"ebbe0697-43b5-49ba-8bc2-69863043554a","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"38af66c5-78c5-4b3b-b0ef-aa6454d825f1","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"43d32e09-be97-49ab-be8a-026122904dce","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"ee278200-02d5-4767-8969-d7eb4b3621b6","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":"834f1cae-172c-49d7-b897-6262fcfbb47f","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":"75e7f76b-1f73-42e7-8c70-d60cbb8cd9e3","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":"2e60cc48-7447-46e2-908a-f21704d36f1a","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":"6bc2e66f-122a-4756-bf9f-448edf6fa280","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":"51d66fc7-e3b5-42df-9c6c-680882256fd1","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":"9bb08b2e-1cca-4438-8078-a4dfa504c12f","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":"07051ef7-f1b6-405d-a0c4-dd767f872280","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":"c7cf1607-1ab9-4c4a-bfc3-cfc76d9270d2","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"e5f704e6-e814-45ab-99a2-d102fcc9c7e6","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":"a42268d5-d188-4ef3-a2b3-73591d36368d","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"d7065787-952d-4a59-9e55-2ef8cfd496f5","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"a1f83fea-35eb-4809-a175-402ea1af6f56","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":"6390a25d-2335-49c5-a8ec-47fe26b7d418","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":"c3b64fcd-db20-43ee-a8a3-28e6df675f26","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":"4844b582-5386-4fe9-abd6-7fba83e71baf","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":"18a600fc-c851-4533-b5cc-9605f3a7b4cc","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"485e3de4-8dfe-4d4e-84b0-1e57a0cd2453","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"3e7664f8-b09d-4646-804d-de54ca41802b","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":"28c117ab-93ca-4c00-a6e9-2f4332152aa2","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":"e4f54ade-df61-4f62-b6fd-9c705833b921","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"3adfc40e-e380-49b2-9f22-e72a567aa5b8","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":"e8dcd9de-5665-477b-b645-cc6df87c3fbb","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"ae2f3352-50f9-4b5e-b193-0ff18dae8b64","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":"1550e593-fcf2-4a65-be7f-f09d52610715","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":"a347c9e2-c483-459e-9ae6-7d6d61f60ec0","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":"51014d93-9795-47fd-9803-f4cf6f487710","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"3e3fe715-1293-4c30-a0f0-0f06a1792bfe","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":"50a99508-7343-4791-9266-c625bbec187d","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":"a026f463-8f31-42fa-9e5d-4de6d0af85b0","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":"c38b4e8a-03c1-4a0a-887c-0adc46ffb1cc","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"59cda2fb-3c72-490f-ba25-fcbcbefab0e2","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"34ba19e1-53ad-4448-bf8d-12857fbc1365","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":"ca41242a-5050-4988-a634-d25864f32d6d","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"90cf0026-3b93-47e4-afdc-b33f8b60e03f","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":"893a08fe-a3e5-441a-a69b-c821d6cefb0f","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":"c50b9dff-23ec-458c-83fc-d60a18f9a7a7","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"d0927f42-e32e-4c30-b9bc-8adab520ecd6","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":"02e8f15f-5d6b-47c7-b661-9e07a4814408","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":"554b2df8-5209-4f61-a4f1-05c9cfe96de5","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"f0aa5b26-930d-4ead-962b-31f5e18a151e","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"af8907d5-1662-480f-be0f-578c3fea3e5f","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":"06d52452-0251-4f81-b5b6-b836d319ab9e","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":"8eebc2f5-69aa-4cf5-981b-fa3c34fd0aa8","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":"7aca9b2e-e4b2-425f-b7d4-cea880d52693","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":"7ad5840e-4b6c-4649-bcc9-c00296c21572","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":"8574663a-b2ec-4357-b43d-00d847e5b9d0","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":"cd865b8f-d883-4881-974c-2aca07216464","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":"b02ec07e-0117-4109-8556-620cb2fd7a43","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":"6591b7d2-8cf5-415e-b438-787279875e0b","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":"b0ccbbc8-5f06-4637-9f44-7ca7d02d261d","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":"b1fdf2fe-a342-4ccc-b5c4-7650b999eeb3","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":"d71f7fe8-9a25-4db6-a821-9d2e49e0789e","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":"a943cd89-bc7c-4e1c-abc0-9c71d675728b","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":"27bbf791-5804-4313-897b-3a26a1bdac57","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"9089319e-a193-4b18-a6a8-fd62cde8af08","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"9a79a25f-9104-4580-8fc4-0126a2dbaa10","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"469fbf47-5da7-4bec-86c5-1b996427b8e3","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"349fd760-0d07-41ce-a848-9bdbc786773f","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":"4313d60c-4595-4034-8a27-a7c3691e316b","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":"429ca713-a3f2-49cf-b9a0-4373e9d2a8cb","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"8a2c245d-e7c8-4a39-9126-7dbb05731608","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"1b8a1de6-6cc9-4d99-8dee-b8875b2f1c73","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"26ffc218-a068-4e6e-bb19-3ed8990171f0","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"f29c400e-6e41-4f16-9197-0d4c450440e7","block_type":"box","text":"Report ID: 5592872.1","page_number":2,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"e4e67596-5e15-449c-95f1-c961f3a43672","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"c6c09afa-790c-44bb-b8df-f6b034bd54eb","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"917cb7e3-3c2b-404a-b99f-89d7640ada43","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"213a7832-ff84-4e42-bbc4-81d73f80c854","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"66c94beb-1957-480a-9c27-55dd2024bdae","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"184cbcac-3c6b-4503-a86e-a31f09c7a32f","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"2efdbc16-c094-494e-9011-8302261126f4","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"6572526a-0b4a-4fb8-9a04-9b7d22409655","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"e7c4c8db-a67f-4975-92c0-8a277d407d60","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"802dd97f-2c41-4c94-a7a7-a45a66309323","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":"1b0825e2-8a3c-4902-b936-47781bb162d9","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"adce6fad-50ee-43b7-963e-63342057b313","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"82aa5fbc-6e00-44a1-bc5f-2e7110e5b19c","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"8e7eb59b-2d99-4ca0-afb5-f82e0c203aa6","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"aad53ca4-f71f-444e-8718-b2383ac77eb6","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"31ec969c-b68f-429b-8b8b-80535ba6dde5","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":"83d9a88e-11ed-4213-8918-9f7f51f2d2d5","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":"850940f6-2412-4e88-83b9-bcae8f8199e1","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":"70d2f3cb-d5ed-4066-ad71-75b13a0ecd0e","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":"6f2cbf85-53ce-4665-b5fc-6ad843caa7d4","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":"8aebe22d-771a-4c0c-b9af-07e6efd582e9","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"d8a68fe3-0198-4edd-9c1d-db2ff252eb6e","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":"f938fc4a-5f12-4410-93bc-43106e5b5963","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":"d3e23aeb-230f-445b-906a-fb3d94fcd9f3","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":"56eafd3e-4a97-4050-95c5-bb656da93374","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"0c027718-ef72-4e12-a1c4-fa417ce1c81d","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":"b1996ee5-341b-495a-afa8-d3c54e4971f5","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":"ca5a4102-26f0-4fbb-953c-a2c6d19c0ad2","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":"8a2d0d4b-4ba3-498c-80b3-f2b84dd21a0f","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":"93b8955b-a1cc-4159-a9be-07c6330eae5d","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":"4c5d8ae8-6403-42c6-a7b0-136db393e9aa","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":"910a77f8-5065-446a-88bd-ad199e396140","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":"f591b1bc-7d74-48ea-b247-2b2b9ef7c310","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":"bcec296e-ac0e-4b4a-ad08-69ff6168ce8c","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":"7aa74bf2-2586-4d83-88ea-034d78f65a31","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":"893375c9-5fe7-481b-ab85-029cf2637310","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":"c640f7ac-ae51-471d-860b-614d4888c450","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":"8ac5ff4b-b8fd-4ff4-aa20-4a9901baf5b4","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":"483e6f40-966b-4414-af15-625edcc4c617","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":"8abb566a-b3d6-4d71-a977-b866e0f7733d","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":"dfb0cf32-3215-4d64-9cd2-ec26c50828d6","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"42307755-c909-4c31-8b8e-70f46bf1063a","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":"5be96099-e1fb-4aa4-87b3-1997ef3f80d1","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":"6ceed948-aec3-4450-b5ac-adb345e447a2","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":"b55f6e27-7471-4b41-9c66-f193723a71b6","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":"520bfb70-e3cb-4d2c-adf0-116a6f7b4c51","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"b25fff8b-f363-43dc-9ad8-31dcd7b74982","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":"38b49942-e2ec-4a48-9056-85653bd2d199","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":"762727f5-1438-4787-a0cf-3bd39619241f","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":"9749d531-684b-4772-9482-787dcbd8fcf3","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":"4348e960-7085-4875-ac00-c6ff98280886","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":"5f76ac22-91cf-452d-9525-d7833ba89d5b","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":"827cb260-fcd4-4f7e-95ac-aaee50518901","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"ba4c9d83-7680-47d3-b6fd-d6205ab1f131","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":"e4e901fa-2799-46c6-ab06-a273d602582a","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":"ce9fc3f7-52f1-4398-8a20-16272137017d","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"c036b1ce-5cec-48c5-b1a2-2aa343ef32c9","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":"1ca34f03-a90c-4f59-ab05-925980b93480","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":"15399734-b1f0-4e92-b01d-c72a07cea80d","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":"1bf19572-8c65-41d1-9356-f54fec57875d","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":"2ddaa8bd-dfe6-4f63-9b53-90f3bdb1bfdc","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":"376214ff-ede8-42e3-93bb-166748ffb4e5","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":"269f6175-6214-4278-8b67-5a6f4147b0d9","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":"d154903b-1c29-4cb7-80bb-ec31e3bcf35f","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":"9bd97980-fe3c-4ae3-b063-5f6cc67a82c6","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":"b8804791-4fb1-441c-b9f5-1e94af8edf01","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":"a76cf9f3-5724-46de-be1d-259f1c603dce","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":"fc27ebb2-8237-411c-8b32-f6002f19291a","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":"976096c9-0c16-4fc4-adce-6505882ec721","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":"580665e1-7d52-46ec-96ce-586dcd60d1f0","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":"3b68f713-e20a-4b47-a82b-8a7c0f23abc6","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":"4a5f4294-a938-436a-8d35-b82fde9e4fd6","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"ebc458f1-3b9d-4c4c-b994-64bd713e7daa","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":"ec8c29db-b663-4e7d-9fdf-6c0fbdb437b0","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":"3d476458-fd5d-40b5-9e89-4d77bcae048d","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":"055ce5b4-83b9-4150-9488-91fc6bbcb4cb","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":"58714b4b-28f4-4349-a76b-b07c626ea22d","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"ea13507d-87a2-447c-8e2b-c66b2ae8f55b","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"711d594f-f0b1-48ba-a692-2c72ba392174","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":"79120050-b942-4087-a453-2cc9eb97cc24","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"975fd4f6-d796-4c8d-b5e4-dea79148a8cb","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":"d0d6b3d6-a7cd-4310-9fad-d0a8c6bd1f57","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":"33a10efe-29be-4911-bb44-e267a3e89851","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"f5aec417-9970-4043-ae53-1910aeb7d688","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":"010e4ef1-42a3-44ad-b27c-2923d82e7a8d","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":"4d4ab4b3-6ac6-4ca0-8f25-b06ad463e0d8","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":"8c66a267-684a-41b4-899a-8338ab6f209a","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":"28fe5780-8b34-4c25-9737-6bda3544ffff","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":"f7f52fa8-32a0-431e-8a63-484fc75d6e93","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":"cc32b79c-8a93-4cca-b962-1dafb1d2f1bf","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":"a2d42a34-f93f-4de3-91d4-6ac6cf97e164","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":"9c0823fa-3f68-4767-9664-b89727d308d5","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":"ebd6e52e-fb78-4164-bf43-597ed2840e25","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":"264171fb-6272-469e-a7f7-99013f5d7814","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":"1f2af383-ab66-421c-8ab2-01e69376a7fb","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":"10379dd6-4eef-43e5-9327-804c44ebea2d","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":"8fa9f198-0b12-4a3f-9882-8f447ab78647","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"6144fb0b-c124-4b19-9623-19617ea6d983","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":"e29592fa-7073-4ae9-99ec-bc7e3bbd1af4","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":"0e35448a-37aa-4978-8646-cd303f84b3d4","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":"9a27efc6-1d59-43dc-9cb8-afc91fb5bcf8","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":"db97ca89-8d05-447b-b1ba-e6820a1fef05","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":"d5cea610-157d-4873-a031-67224baed739","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"dfeaa227-b567-4ad4-85ea-f385ed0cc83b","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":"ef4ffc1e-1cf3-4f72-90b5-df2b3ea534a1","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":"cd862b06-9b9a-47ba-b78d-e84ebbedde6d","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":"66426b18-e7bd-48f3-be4c-a067776d7474","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":"68160904-3022-44c0-b73b-d090937e362d","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":"0029321a-7fce-45d6-a120-4851b68daef0","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":"15160783-b442-4c20-8253-fc6fc7c65801","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":"afca47d2-4ff4-435b-977a-257162f4426e","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":"f2026e01-b994-4d23-9a52-b682b96690d0","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":"5c04d31e-6002-45d9-a0e2-5454ae5ca79d","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":"21e41d27-75fc-42c5-86e9-ffa31abf3927","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":"9d61226a-64f4-4eea-8022-68cabbf79670","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":"5441d6fd-4b96-47ad-bdb4-698335767451","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":"1b8e9d0e-7828-4c2a-8ed2-b5bfa7e9626c","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":"b0da5a2e-243b-47e6-9e37-78bcc3a08c84","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":"245fa353-bfbf-4e88-ae73-3a9a32b375d2","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":"70a87d3f-6be9-4b52-9bf6-30b131c96de5","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":"74ab3a1a-e5dd-4fbe-bad0-b37c72b1bcb5","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":"df6df8eb-738e-4256-bbfb-63a21023bc62","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":"b1cad2e1-0384-4d0e-a5e5-8a08d6974507","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":"63a611b5-11bb-4ff7-b2ca-e55bf6125eb1","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":"960dc07c-43a3-4443-ae95-aa80bf16cba4","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":"7e9db481-b86f-49ed-bc07-133489a8ef69","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":"e8646c34-c4ce-4c25-a9a6-b817144cb163","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":"d0639e14-7e06-4624-97e6-de3806ec6605","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":"f5dd616a-3f61-439c-a653-3dbc918af3b2","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":"e9f45ffd-8e46-4df9-bd88-ae26a3612002","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"25fc95d5-11d6-45b3-815b-1cc9d765abb9","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":"9ac63900-8b70-468a-9922-b36a047aef41","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":"195c4869-73bd-4211-acd2-ed2afa741769","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":"f501e27e-8bff-428e-861c-256a4032d8a9","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":"67ff28ca-e89d-41f7-bf4f-ae22931d3d66","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":"33db6373-eda8-4670-8234-d6ba293856a5","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"c382bd27-a04f-4022-ad47-23ecc31c630f","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":"3ba3a1ea-73e7-403f-ba02-610586199ff0","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":"f42d89f0-e0f8-4b78-802c-dfbe5d17454b","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"0999ae0f-b9aa-4182-9291-bfd31e8e563a","block_type":"box","text":"Report ID: 5592872.1","page_number":3,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"af49390d-5718-49ce-88ca-60e83f8d6d0d","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"18ebd4f9-d6d3-4faa-9656-a2242273d599","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"49a36c9d-012c-4bb6-b988-489c6d0d2dbb","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"10809ede-bd84-4dbd-aea1-6d9a20ac92ac","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"fd7b618f-195b-4f7c-9a64-0f2cd551d520","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"1261b913-f491-41d3-a0b0-ddba99901234","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"f22c6978-ee7f-40ad-b259-6ad56a341bdf","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"2a1d6ffe-d649-4685-bf75-6f79a42b5450","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"32a04066-da69-49e5-bfd5-8ee75f3cfbb8","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":"b44d0a2f-f1d3-4a09-affb-2a7075905c0f","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":"bac37ee4-cca9-42b7-9e75-59c507026b9b","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":"b416f0f8-e0b0-4911-9e20-e742e6c6c09c","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":"cd59b012-dd16-4bdd-a716-b674206c6aaa","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":"4f95d76e-fbea-4c68-be09-65923cec35e4","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"f416afe7-8120-4760-8d95-3e976afc9117","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"ac928afa-1689-4f4d-b5b6-509b6256d87e","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"ae49b79a-c022-4f13-ac95-21358b24d348","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":"65ebed3c-8b07-439a-a376-93470e35708e","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"d607f68f-6062-4e0d-888f-3ce9f06de9be","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":"92a19523-3b43-4c68-a0ba-8c6ac8f06d47","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":"f6e65f81-0888-4e56-a9e0-613c7f7881d2","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":"0b298206-69b0-4692-a928-e755bf532935","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":"938e57ce-dab3-44c2-b84d-17dd2a10528c","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"c0fd8f96-a236-454a-b91c-2cae3aa46362","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":"f1efda57-1ddb-4470-bd66-47b58dc361c7","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"08df0ba3-44af-4030-9a88-2fd146e524c9","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":"ba243f01-a4fd-480f-a538-8cffc67f4d36","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":"91d6d7b0-69a1-4d27-b38e-48dadb546265","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":"504a5650-016b-4c9b-945d-0019d7d842c0","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":"901c435e-99ad-4285-8a39-4dbeeaa7cf88","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":"6f5c716d-afd0-4238-8cec-229f512e2603","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":"2dc7827e-ff3c-4c04-854a-97145afc687c","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":"f0f015df-4dc7-4c3e-a377-50c626c28c98","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":"b21f1e4a-a55c-4c8e-8255-518cb2bbdee0","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":"edf03e99-32d0-4ad0-95d5-9e8e2e1796a2","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"7a9598d3-e943-468c-ab23-c6789e8b18bc","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":"2a3417ed-fd1e-499e-8085-e6f98e8e5f00","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":"3a69b0b8-6c23-452b-bf7f-54d85c219047","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":"03c593bc-75dc-4e9d-a635-e90f961b565b","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":"8d061040-599e-4288-a63a-44be638eba61","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":"3caee84a-8b6f-40f1-a290-b05a2dc38b74","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":"d81642eb-04cd-4779-95cf-84b1dfe5f5a3","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":"a8c28915-c817-4a79-961c-a6b84d9bb73d","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":"65d6ac3f-c8f2-4f2a-9de8-889832969f19","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":"40a5160b-1870-49ce-b13d-67bd1479fbce","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":"fbe764d3-fb2e-44b7-9a1b-8c21c26157f1","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":"ef81bb79-53bf-45b9-8ab4-0d6cce2d2c0e","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":"2615940e-9783-482d-af4a-b1024a9386a8","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":"081fda26-30c5-436c-a1ea-f46d352bdf8c","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":"4b3c2a60-a976-443c-a0c7-1652601d6135","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":"b7ed1b5d-4283-446a-9715-d457c2fa4f08","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":"ec7ec0e0-9a44-45d8-b466-8217afaf99e8","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"7ac6f5f9-d651-4ee8-8f59-7e942bf90f6e","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":"88cf4a9d-23ed-4ec8-b14f-80783ebde6dd","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":"f553fbab-f1e3-49eb-aa47-23476802a24d","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":"8b84b180-92dc-4b19-b2de-bf4c03d8bbcd","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"2d40dc52-28aa-471d-814b-2e4bdf9d50a8","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"4a121545-eae7-45e3-b67a-5db9f7d153f6","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"7558f2b0-dfee-4c2d-b0ba-64f041f2581a","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"eec3aabd-83c8-4877-9400-82fa5aff4dd1","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"d39a8424-1fd7-4451-b7f6-e904125e34d2","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"0024ada7-0bd6-405b-b168-da1737cc5f9e","block_type":"box","text":"Report ID: 5592872.1","page_number":4,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"f6c73a0b-c634-47ba-a784-1b9969c89fb9","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"b9ac3616-c557-4c00-a6e7-da1b6e8d3e82","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"c341b745-39d2-46bf-9a0e-10bafab91c7a","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"10671bb7-25ee-41e5-a20a-e03549c82977","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"b8a6e770-daf1-4d2f-841f-6371e9ec5f5c","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"a5b2fedd-cdc3-4875-b8ff-ef7cf1253cb3","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"1e5bc62b-59f5-4260-81ed-1be11219c66a","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"c6743419-87f4-43b6-8211-5b8c9d8365e6","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":"e4766aa3-b454-492e-9def-9fb42667850e"},"user_id":1000002,"date_created":"2026-10-05T20:48:21.849000Z","date_modified":"2026-10-05T20:48:21.849000Z","private":false}