{"annotation_id":"2b3bd8bf-7517-4a0a-92bb-f0e7d591bae0","file_hash":"5ecc9abc01770695abacd3f33395e7b97f37fc0de9745a08ca8e0c296d9da2e3","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"dd4954d0-f7d7-4b5b-8d89-0ad44d699760","block_type":"box","text":"State Street® SPDR® S&P® U.S.","page_number":1,"box":{"x":51,"y":71,"width":528,"height":18}},{"id":"769c7d44-08e5-466a-a28b-ffd08a692fbd","block_type":"box","text":"Technology Select Sector UCITS ETF","page_number":1,"box":{"x":51,"y":105,"width":646,"height":23}},{"id":"f03766a5-5c57-4709-8513-b7569fb472d7","block_type":"box","text":"(Acc)","page_number":1,"box":{"x":52,"y":139,"width":91,"height":21}},{"id":"db3e6108-76d9-4727-92e2-cd8f856571d0","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"922e6656-8549-45e4-9620-3fac57a2f56c","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"f36daa2a-753d-466b-b175-53ef838b2026","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"0fc23522-f4d8-4281-b494-a2dca36de4a7","block_type":"box","text":"IE00BWBXM948","page_number":1,"box":{"x":754,"y":107,"width":91,"height":6}},{"id":"3182c410-209f-48fe-8442-836155b9176a","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"c6b45fac-a090-4e51-966d-3e203f17b8d5","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":"36270a99-144c-4acd-a556-dbfcff1c0a1a","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":"c826312b-3014-4591-b2d1-99d1029df8bf","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":"7a495a41-8938-4198-9d21-8cc72d4e642a","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":"978b27f8-b7f2-4555-997b-1daa9ed31b52","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":"53862e4a-8f46-4471-9d4d-41eadbed7e92","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":286,"width":225,"height":15}},{"id":"4c8d6ca6-bfb8-4135-b957-4d7153b6613d","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":319,"width":844,"height":7}},{"id":"a0333f71-0305-49cc-b863-f78f7530035b","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":"e48a6c08-6cea-4fe8-b002-d886872e31f5","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":"e5e68501-ed2e-4846-92d0-3e5f162168d1","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":357,"width":123,"height":7}},{"id":"a7ec5462-40b9-4484-b4e8-4cba152ad356","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":388,"width":123,"height":8}},{"id":"f2430af8-aeb4-4ca1-9e4b-2e783a6d52f7","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":388,"width":125,"height":8}},{"id":"17160494-56e6-46b6-a388-016579a903b7","block_type":"box","text":"25.78%","page_number":1,"box":{"x":105,"y":413,"width":60,"height":8}},{"id":"1f8d7046-d067-4d1c-be90-04b4c88c72e3","block_type":"box","text":"0.01%","page_number":1,"box":{"x":338,"y":413,"width":51,"height":8}},{"id":"fdea9a29-2489-4dc6-8843-49037fd07802","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":442,"width":93,"height":7}},{"id":"196e3a94-b65a-46af-b779-48d34f9b6a7e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":443,"width":53,"height":6}},{"id":"7106f76b-a1d6-40e0-afd0-68a847216eb4","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":442,"width":93,"height":7}},{"id":"7ed8df21-5c6a-4cfc-ab28-18bc464c79ee","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":443,"width":53,"height":6}},{"id":"16943f4d-1e90-4958-8fe5-4d8393e40d3f","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":485,"width":162,"height":9}},{"id":"8656dbc9-ef17-4908-97cd-3a0d143fffaa","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":499,"width":64,"height":9}},{"id":"b026d6b0-a644-4d6d-a30a-7bd51769ca38","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":485,"width":146,"height":8}},{"id":"f20690aa-3942-495b-974e-36cd45044825","block_type":"box","text":"2.07","page_number":1,"box":{"x":105,"y":523,"width":39,"height":8}},{"id":"b620c597-a060-4cc5-b5ab-be248f67394e","block_type":"box","text":"0.00","page_number":1,"box":{"x":338,"y":523,"width":40,"height":8}},{"id":"844125e3-9122-4cb4-b16b-a073611efe92","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":539,"width":111,"height":6}},{"id":"e512d7cb-be95-48d5-9973-81ef875b7398","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":552,"width":93,"height":7}},{"id":"da7beb7c-905f-43b4-bc73-07b0d3c5fc0d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":553,"width":53,"height":6}},{"id":"e8adeb40-8408-4e3d-a3fe-893517c7a8ec","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":593,"width":133,"height":10}},{"id":"37d00502-5bde-41aa-a2a0-0b9db434c014","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":596,"width":76,"height":6}},{"id":"1dcd0869-5ca7-4ff4-8412-65cd12afa297","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":613,"width":41,"height":5}},{"id":"88411a53-3158-4c58-8a4f-bbb014405ec3","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":613,"width":93,"height":7}},{"id":"67793de7-d7c5-435c-a611-a362735d30b6","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":627,"width":37,"height":7}},{"id":"5aa12555-09ab-4bd0-945d-6871c4bfc534","block_type":"box","text":"1.15","page_number":1,"box":{"x":330,"y":628,"width":29,"height":6}},{"id":"6b35c8fd-9e12-416b-90e6-359fb9d82f10","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":628,"width":53,"height":6}},{"id":"ec937209-3e7a-48f1-bc5b-9977dac5b5c0","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":643,"width":41,"height":7}},{"id":"14d146cf-e016-4dca-89dc-fdf4f6591d3e","block_type":"box","text":"2.52","page_number":1,"box":{"x":330,"y":644,"width":29,"height":6}},{"id":"e226d912-373b-4738-9c27-69ec25607e9d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":644,"width":53,"height":6}},{"id":"132eae5a-de98-4d58-9c6b-0db690ed8889","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":660,"width":41,"height":7}},{"id":"b719e7f6-9397-431a-a948-5879606a2fcd","block_type":"box","text":"49.27","page_number":1,"box":{"x":322,"y":661,"width":37,"height":6}},{"id":"a9a75297-1dbf-4c38-a2af-baaa34788e57","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":661,"width":53,"height":6}},{"id":"2ebf7fde-0bf4-4920-807b-fdc793ee74f6","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":676,"width":52,"height":8}},{"id":"e5d354f6-ae10-46af-931d-a97ecf1ba6aa","block_type":"box","text":"3.67","page_number":1,"box":{"x":329,"y":678,"width":30,"height":5}},{"id":"494def69-0d14-49bf-aaef-e6dc434b24e5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":678,"width":53,"height":5}},{"id":"05971618-ed8f-4ef0-86d1-555e0835010a","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":693,"width":66,"height":7}},{"id":"090fd1f5-4508-4046-b3ac-a44227655297","block_type":"box","text":"55.07","page_number":1,"box":{"x":322,"y":694,"width":37,"height":6}},{"id":"6eec0a44-ee15-4faa-bf7a-459fa3c69273","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":694,"width":53,"height":6}},{"id":"1f668cf7-52c8-40b6-9ab7-cba44fbd498b","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":389,"width":177,"height":8}},{"id":"3109a9a6-4a1c-495a-96e8-5bca854e5a77","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":413,"width":42,"height":5}},{"id":"d909e4e2-114a-4aa6-adb0-5774330b9c8a","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":413,"width":93,"height":7}},{"id":"a19e34d6-c4ae-46f1-aca1-9f99acd49f46","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":427,"width":37,"height":7}},{"id":"ce5046ef-4099-44e4-9c27-fa50aeaa9237","block_type":"box","text":"2,417.23","page_number":1,"box":{"x":780,"y":428,"width":60,"height":7}},{"id":"87d9bda8-6143-4132-8265-128207a31890","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":428,"width":52,"height":6}},{"id":"46261aa6-4cb4-454f-80fd-7c3e4b667742","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":443,"width":40,"height":7}},{"id":"5f0039f6-a121-446e-b7e6-67fca8853b3b","block_type":"box","text":"5,314.81","page_number":1,"box":{"x":780,"y":444,"width":61,"height":8}},{"id":"cad87174-1c42-46f3-8140-54bfd12e564d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":444,"width":52,"height":6}},{"id":"c31d0882-1734-451f-b6a8-01e4fcc5b685","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":460,"width":40,"height":7}},{"id":"9713eb4e-5ecb-4c1b-9bc9-cc11a6d257f6","block_type":"box","text":"103,822.79","page_number":1,"box":{"x":765,"y":461,"width":75,"height":7}},{"id":"0cf895ae-3406-404e-a6f1-1413c726ce14","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"56c6bc88-c14f-4ec0-81c9-01afa74eaa29","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":477,"width":51,"height":7}},{"id":"392d0d0c-6a84-4170-8a65-0e4accb5f090","block_type":"box","text":"7,731.94","page_number":1,"box":{"x":780,"y":478,"width":61,"height":7}},{"id":"96a4410f-8833-4318-8854-7ad4a996aea8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"794435b2-b1e7-495b-a26a-091b84b0de05","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":520,"width":271,"height":10}},{"id":"7d18c09a-98b8-45e2-8705-12660ed6a48a","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":523,"width":77,"height":6}},{"id":"fb1000cc-32b9-4cc5-8ef7-7069ec2dac63","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":544,"width":42,"height":6}},{"id":"98286b44-206c-44c2-9644-f42ca6358be9","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":544,"width":93,"height":7}},{"id":"665711d3-c8f0-4fe6-9dc5-0306c4d5e915","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":558,"width":37,"height":7}},{"id":"d46a38b6-6d36-416a-85c4-ee7d7fcd4c40","block_type":"box","text":"7.05","page_number":1,"box":{"x":811,"y":559,"width":29,"height":6}},{"id":"aa45bf16-918a-4a6d-9171-f03bbecfa853","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":559,"width":52,"height":6}},{"id":"96f54180-56ce-469e-86fa-ea16cdd0eed3","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":574,"width":40,"height":8}},{"id":"40816949-65d3-44b4-aa10-6e4a48f376e7","block_type":"box","text":"19.14","page_number":1,"box":{"x":803,"y":576,"width":38,"height":5}},{"id":"69180431-0f56-4803-a76f-e3a68ef6ed52","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":576,"width":52,"height":5}},{"id":"4753495b-cc19-4d93-8962-cefabc4c3e56","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":591,"width":40,"height":7}},{"id":"fc23c69a-f790-4e3c-bbe2-5ce00fc2325f","block_type":"box","text":"382.05","page_number":1,"box":{"x":795,"y":592,"width":45,"height":6}},{"id":"aa7cbc3f-db9f-40a9-ad66-6a0f2fa76aac","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":592,"width":52,"height":6}},{"id":"df3bb362-2bd4-481d-b0ec-1ed2e9d546c7","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":608,"width":51,"height":7}},{"id":"f12f1508-c365-4c9a-8127-e0909599ff48","block_type":"box","text":"26.19","page_number":1,"box":{"x":803,"y":609,"width":37,"height":6}},{"id":"efa7f997-2e62-4ee8-9c9d-c3e5efb3d718","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":609,"width":52,"height":6}},{"id":"4a3500d2-0d91-42d5-b9c0-8892a4c9872c","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":624,"width":66,"height":7}},{"id":"e182c8d9-aa2f-4c3f-8491-54fb54693b7b","block_type":"box","text":"411.57","page_number":1,"box":{"x":795,"y":626,"width":45,"height":5}},{"id":"6e3cfe71-1cce-40c2-9fc1-1163ba25b55f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":625,"width":52,"height":6}},{"id":"56e9f535-d3da-459d-a13c-2c6595121cb2","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":667,"width":189,"height":10}},{"id":"86cb94a7-9cc3-4ff6-a40c-0912ed784112","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":692,"width":82,"height":7}},{"id":"a08e3014-ab60-4517-9c37-f7a9bb4bf6c0","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":692,"width":42,"height":6}},{"id":"d7839d3b-e007-485d-9a49-7c584fc1b4b2","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":692,"width":93,"height":8}},{"id":"918b2b3a-0749-42bd-8acc-abc75d2e80b1","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":706,"width":127,"height":8}},{"id":"91ce96f4-001e-4c37-9be6-cf23f766074b","block_type":"box","text":"-0.72%","page_number":1,"box":{"x":797,"y":707,"width":44,"height":6}},{"id":"45a7ce99-4a00-4fab-8664-c2de307c9220","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":707,"width":52,"height":6}},{"id":"385735ad-4e28-444f-ba5a-99e2fb740760","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":723,"width":164,"height":7}},{"id":"eb0559dd-2211-430a-8dec-6b29313a4ad1","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":739,"width":127,"height":8}},{"id":"597186d0-a4f9-4eda-b045-6760a5fc93a1","block_type":"box","text":"0.07%","page_number":1,"box":{"x":803,"y":741,"width":38,"height":6}},{"id":"ae3df0f0-a78a-4fb6-9524-1a3e65a2b69a","block_type":"box","text":"98.63%","page_number":1,"box":{"x":903,"y":741,"width":45,"height":6}},{"id":"1c940107-0626-4453-b44e-b43d95a0530d","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":756,"width":95,"height":7}},{"id":"a74e0a28-1e7c-485a-a2c4-3e9dc8134190","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":773,"width":127,"height":7}},{"id":"6c03150c-4976-4859-ac04-709354706116","block_type":"box","text":"-0.04%","page_number":1,"box":{"x":797,"y":774,"width":44,"height":6}},{"id":"3fa83dd6-68c8-4998-9301-33402a5eb430","block_type":"box","text":"98.95%","page_number":1,"box":{"x":903,"y":774,"width":45,"height":6}},{"id":"2d2cb802-5389-48a3-ba2a-0d76f28f1fb6","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":789,"width":79,"height":7}},{"id":"b2b8dc47-b195-4b40-a19c-d13bf881840d","block_type":"box","text":"-0.10%","page_number":1,"box":{"x":797,"y":791,"width":44,"height":5}},{"id":"cf5b1366-277e-40c3-858d-e145e9519e1a","block_type":"box","text":"98.95%","page_number":1,"box":{"x":903,"y":791,"width":45,"height":5}},{"id":"17bb6067-b4bc-40be-bc19-cf1abf168cff","block_type":"box","text":"Report ID: 5592965.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"92e106fe-035d-40a0-a529-58a3883ec26d","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"49a8d986-6b96-44d7-8da5-e069d7e08128","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"494ebda7-a1f5-4c9a-b88c-902337ffc82a","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"ccdedc4f-5220-4f52-a48a-3a58f1107592","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"9be54d72-5ab7-4e8d-8cf9-77c3d030d332","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"fb5bb205-8303-4fe9-91d4-9ced93b62cb8","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"874715fe-ed08-4754-95b0-417e32650e3c","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"b04e11f5-ff5d-4014-a55b-774f01bfc76d","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"077d25fb-d8ad-491e-b349-ded6d4e40e7b","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"0afa64c6-6992-4d69-b5c2-032a6c3c7ebf","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":"ad381c10-35ec-4af0-a8bd-83bd6f5ff72a","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":"ce57f7de-54cf-484d-bc26-1a17ddf3a5e9","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"0452d927-0c43-4736-999d-a1399f7af0f2","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"dc09a653-c945-44bb-b3ed-b9cc8f6647f4","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"55863f33-3ec2-4be5-a4ad-56f5d8b45d1f","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"672bc23c-d7e6-414a-8e12-c49bb4497551","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":"b72c5e57-20c0-4810-a388-e6ce548be363","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"427be424-3af1-4c03-8624-4b7d2aa126b9","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"4fe3a79e-af17-4176-9f39-4915a971e0dc","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"69083f5e-d422-47e3-b611-1a47cc9200e0","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"705c7ae8-821c-4aed-8280-726d7677ae9e","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"728ba320-cf72-4897-bf8b-d30fcc08fef3","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":"b6cccbf5-229f-46a7-b72f-8121e8ca0d29","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":"0fa33cf4-7f01-42f2-9d99-0e07f767e0c7","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":"62fc6d2c-a0c8-4d15-b42b-4aaad80351d0","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":"2ed1e5a2-9479-40b2-bea5-c598bda6c955","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":"dbefa339-902f-4ff5-b445-349b2ff91e9b","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":"315cbf5b-8811-497c-98f6-821f072ead33","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"93a7055e-20af-4b78-bee0-c1b9d112d24a","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"a138c0d6-ad8d-479d-aeef-a626cb70b136","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"34e485a6-3ef7-401b-85ee-dd4508c2c1b9","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":"d0930a57-c773-4a19-844f-4a8399c98a18","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"59988529-b4f0-46d0-a394-ebc654ee3f34","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"437619d9-7624-43f5-9a34-e183b2c4c162","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":"2d08c009-2d93-45ae-a3f4-564aa60c8f92","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":"285cf47b-3541-40ec-8c7e-be0296574745","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":"f8059c73-fc70-4e3b-83db-38eea9949852","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":"08bda1db-4fe5-46ce-b492-a08fcf8053b6","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":"59c3ba59-0483-4dbc-b56c-2a7a60b55446","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"715e7c30-d946-441b-a54d-7145ef421ccd","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"f01f16c0-3a3d-4436-807f-ea1d9206fd65","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"cadd9f18-89d0-43a5-922e-1cc2f90b78c0","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":"e9521cd9-435d-4ac0-af95-6c9d98dcd21f","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"3e2d99db-f834-4e0a-bb82-b84f949a15a5","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"a9857c3d-56d3-4f6d-84de-1493c9f8081e","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":"0d06000a-5c77-403b-8c86-1efde54cbd7d","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"4151066d-21d3-432f-ac92-ef7f18043fbb","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"eff5d9e9-8861-4edf-bf6f-99fb241f39bd","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"5a715e2d-646f-471f-9f34-681319575dbd","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"5a4a5b48-68d8-4692-8a41-62bb3c52c9b3","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":"860ca718-738e-4238-b082-a9fa9f144f3a","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"1a0a975c-955e-4897-a5f4-ed35a21292f8","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"e63f2e36-fc51-4b77-9a69-07964449a308","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"0b701e0b-5abf-4348-ba78-53c657ba0e59","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":"ef6460ba-20f4-4b6d-ab9e-847eb7f4d8c3","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":"d8ccbceb-8fdb-4172-bc95-78f36107f85e","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":"a6e7e441-955d-4299-8aa3-278ede880054","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":"251f6528-c115-44d2-8821-46b8e609a42d","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":"205ac465-8af8-4f48-a803-50e07196a684","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":"23ffb508-7dc5-4152-8c56-b64e298b3cc7","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":"b0acf308-be17-4afa-866f-5d6da35efb37","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":"9ba0a40b-5e0f-4f4b-ad84-b9e90c9b0d48","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"1de0bb51-53f3-441e-8573-8b2a988de4ac","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":"b654ebe1-5776-4286-a92d-bdd4f072851e","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"2334540e-980f-45fc-acfb-03f5279b2e3d","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"a7839ee4-142f-49d6-8d8c-4c3f0b886bd0","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":"6726371d-498c-4208-8bac-cb1dccc4fc25","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":"3b8fc8bb-900a-441a-b4c7-246f3b03041a","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":"a07b67a9-3bb8-4679-bfea-b4437d50631f","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":"3504865c-960d-4280-a0b1-173730fa9f74","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"2e03ddbf-afe1-49dd-9009-31d5cd4f54ee","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"53d147a3-51df-4c51-94e0-ac4ad77c8859","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":"8669c94b-8e51-46bc-8693-65c2986b9328","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":"86ba8a2f-2555-4978-833c-9d2479423723","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"56bc5c41-740c-4078-9005-dd0b5154047a","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":"c7c5ec89-f359-43ee-aa2d-266ced3b1fa0","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"50d0d495-155f-4bd7-a696-fd19ee4968dd","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":"4adf6d9e-8c21-4f4f-a1a5-9a4f2bbdce4e","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":"7e13113b-c904-40e5-b644-fad11258f1d7","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":"09247902-8e6e-4c35-b3e3-793eaccb1716","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"dbe89651-0146-48cc-aac8-fd715b83ad0a","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":"20f81526-58fb-4d90-b73c-19d3e8df6dbc","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":"faafc8cd-dc6c-47a0-90a6-1a801a427da9","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":"a16b2558-8d65-42e7-a09b-f130b8abb7c3","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"6a09e650-7c97-40f8-b5ed-f0ba98fb70a7","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"781990d3-49f2-446b-bd67-ab91df6cb39c","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":"05a6117e-1ccc-46e2-80f3-e95e5cf85783","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"e9e5a615-e862-4295-9113-11bacb5a0c21","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":"68e15111-5da7-44f9-9f4f-5be599a52c64","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":"94044602-6def-4b22-b969-b60c41c41e19","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"450f8f4f-c440-435e-8854-85a5d7be2aa1","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":"18a01a50-9f4d-4998-b915-5455f3b3dcd3","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":"99188bc1-47b3-4e5f-83af-e553e35de0c6","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"a415fa25-1f3c-4f6e-8997-ce17fa10e7c1","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"5884e79e-b848-42ab-9e29-d7274a996636","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":"60896a7a-6d52-4164-8200-9c57179bd062","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":"ef4796b8-b780-488b-93c7-2504e467a49d","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":"6c6ef87b-4fc6-46f2-a0ce-ee422a571dac","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":"e94a2067-35b4-4e06-b462-d5c8cf24950a","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":"bea4b82d-a330-432a-b373-555c43ad93b3","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":"2db2e4ac-a58a-4e30-bf01-e89d97ad5b24","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":"d26f1100-dfeb-4fee-92e5-d2377aae9233","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":"b35ec5d1-0575-4458-a8fc-6d3c7f7813e1","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":"1872083a-1635-4546-92c9-9cd6f6db2018","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":"2150513a-1031-4c20-9251-c37dd11d8641","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":"1f1278a8-c513-457d-87ef-65df83f50995","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":"7de11191-38ac-47ae-821b-f7adad1548d8","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":"bca87e1e-d814-4d6c-aaea-9478fd8ec614","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"8d153469-9624-45a9-9438-2648a4621d1a","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"981acced-e08e-4d02-ae76-b8b866b6ecf6","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"cc785327-3fc8-4d81-b058-0dd6d58043b0","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"3b83c374-2c94-41b0-8865-39038d861406","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":"0ea13e55-7d07-4df9-9a96-622b2f82046d","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":"627e1c38-09ee-4303-a6d7-292f580f30bc","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"58f11926-7448-4289-a957-293e0d3b38fe","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"bed07dea-6577-473e-9aa6-c0a3a0f5c8b1","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"20fbf118-df38-4f43-8c65-f88cad6bd76d","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"d3861b17-899b-4d58-a8e0-ed56c332b70b","block_type":"box","text":"Report ID: 5592965.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"f380f633-0435-4c48-a733-ac75588cf2c6","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"65ca6c45-cd6e-43c0-95a3-8c6732d7fb68","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"f0c8bcd9-5b94-4591-8121-f65e11e63d84","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"82f22adc-bdc6-4aa0-8377-f2a895245d63","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"43554be9-4c4e-4e01-b9d0-95f4ec1e1991","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"ca9a8fb6-3352-42d4-98d3-3b0576d15a82","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"100cc58e-b390-4e91-bab5-e87a2a9cf798","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"5f104f78-00c1-49b5-972d-5b877ab121a7","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"73567bca-6239-4ec9-82af-a89dc2e20eea","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"b819daff-5d3d-43e9-beb2-a6a9924f616c","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":"35cda80e-e9fb-4dfb-becc-32ae7d658021","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"54e80655-66c2-47c6-bec1-a3807ab88433","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"9cab0763-3d77-4518-bf62-55640aece842","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"f5efcc42-ef51-4f7a-aa92-b1aad8399c4e","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"af36e23c-d9b5-4d48-81f7-cdbaa3978183","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"d3fd9dc7-d510-475f-b8a1-7bcd49e8a200","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":"2c4d55ee-dbfa-4c53-b6c9-9d78064deae9","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":"f9f01624-233e-4e3f-bde7-5c7187956d30","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":"50260217-6e35-4437-bb2c-7d9e10912dc7","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":"758729ae-4380-476a-a7bf-0fe0071d1241","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":"c105e48b-e608-456b-9495-873b17ecd533","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"76faae3a-f75d-46c7-a23c-b00f1b3df629","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":"e5892c48-2015-4589-a699-6b2b47d6e110","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":"e421b943-0e80-458d-8586-8a6c24d6b5c2","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":"ba051f2a-0edd-4b10-96b1-47e272b3f58e","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"711b4d84-5c39-470d-9920-5930330fbed1","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":"98485144-f74e-4ae0-88b0-7ae9c2de524d","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":"f1d2ccd3-3ffd-4f60-a83b-be7e70213663","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":"e200d353-8085-42d4-bf20-0ba78d1c2b27","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":"8090e5f7-8671-416e-8019-1a397e96d831","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":"6afec289-8693-4f3e-9376-9b6a07069323","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":"bedc1487-d5d0-4258-af2f-fccd89a4854d","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":"4dff7cbf-fedd-4755-9fad-cc7d9e9a8b0f","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":"77da6e73-f114-4042-8152-93034d6e599f","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":"4f722a8b-0888-47b0-9b51-842443ffe732","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":"3fa00a5b-3fb2-450c-9e07-c66a88580e94","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":"caff455b-8863-4a98-932a-a291bd319d59","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":"dbf36c7e-57b1-4cd6-95b9-29113b79177b","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":"f70a6cd3-c802-49c8-8423-74f094f78eeb","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":"d4618d47-87bc-4bc1-a79a-3875627e6991","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":"3e4fd758-ee8d-4ac4-843c-ca6c80804365","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"4dad40ae-215c-4f57-b00b-59e3c8d1196c","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":"b299fedc-4cd8-4829-b425-2cbfd4a91749","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":"6b344893-db0f-4d0c-9b7b-4ea5d3f6018d","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":"a8d4854d-290d-4fcb-8266-ae4953560d25","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":"53cb8301-bfbc-4cad-a2b7-0cdd704b6529","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"2b99f02a-82d4-4aea-a562-1b19ccef5b75","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":"9ba93a0b-dd65-4056-8314-52f4cfbc695c","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":"0f6b08e7-8505-4dc2-9b75-cdbe0b97be0a","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":"11736972-1dc3-45e5-aa37-f3d9577e425e","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":"af300014-3ffb-4464-bce7-19a8c20ae313","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":"ecf5f00f-e965-40e6-a634-a8cd1963a5f8","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":"788508c9-7598-4977-8a73-92b459b06803","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"c8b9289e-d9df-41cc-beb7-a738eda126ac","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":"e761788d-e641-4d43-8b21-4c8371350c38","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":"330f503a-6346-49e9-ad1d-09668c6ba614","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"a019546f-07e4-4ea6-9bd6-0ce722826bb1","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":"c87f8cf0-3add-4d89-bed1-514a7af75aff","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":"89cab327-6f2c-4ee7-aeed-36cb555206bb","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":"799cc5a6-f016-4716-b958-4ccd2b8545d4","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":"cd9c0637-1a7b-4c4e-bb8d-b458a540cc1a","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":"1d3c6e19-ac4e-46db-90ea-ff9b0c690d99","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":"b995b94f-c866-4043-ba91-a65db9e42503","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":"b00b2954-90ca-435a-90e4-a198171fa1d3","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":"d002a2b6-8d14-4eea-bcff-d02978882e4a","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":"556e271a-b72c-4f3c-91e0-c193318ca76f","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":"9e9be23f-c538-4ae7-953a-2de6615e4f1e","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":"1220f96d-2ecf-4b39-8012-e7b784e70e4f","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":"34eacd07-3ee6-4383-a0b6-059813a8482d","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":"872ef844-e54a-40fc-85e3-bf1df4683977","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":"78c5f520-7328-40bb-a3be-ad257da37930","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":"c8394b13-5df6-4af3-b54e-d2522add67a9","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"a5884f04-f78c-4842-ba61-65866db0616a","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":"a7f5f75e-bc10-4197-a71d-ed2968019500","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":"4e3d9769-097c-4a9d-872e-5f9da9621c3d","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":"fc571974-5d79-4ea4-a1eb-7fb0f23ad5d2","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":"9e440f53-2a76-4bfc-8c17-118646630598","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"9f34a29e-f6aa-4b2b-845e-83993d1d87a9","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"68833dea-416b-4f66-a53a-bfac737f76d5","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":"c7fccd13-3444-4d94-8352-1b05802c9c43","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"160b3e5c-0e12-43f5-ade0-947154236d98","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":"65112953-cc5b-415c-9c5d-8f17e89b1399","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":"902169e5-b2ca-4872-a699-6a16867a3791","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"b3b23b56-c0f7-44c6-b0a8-7e3a4b9520b4","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":"906bf88f-a51d-44db-bcd2-5d4b71f4c2ec","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":"9cea0ce1-6e0f-4f18-8ad1-8a5fd362a6af","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":"8bb9d4bf-305a-43c4-b42e-213a21c62fb2","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":"5e44a451-1369-440f-b50b-53d4a98010b3","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":"c1b737f8-f14b-4da5-bebf-b5bd11781c70","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":"4a9e496a-2ddd-463a-888f-8bcce8dd3cb6","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":"72b24397-7601-4d6f-af61-bf1aa119c8ce","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":"cfbdd892-8cf7-459b-94f9-8b69282aae51","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":"102c3a7b-7c39-4a99-8011-5e1a2a958698","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":"84e6f67d-694c-4e1f-b2a9-17a682099750","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":"2cca6e68-7c0b-4d11-9420-fcc658002ea1","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":"de4a9763-3784-4684-a2c3-70b081eee538","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":"35443bf6-db57-4139-b69a-06c2d7e74d6e","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"af83fb28-fddc-4946-b7fd-c61ab0eecad5","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":"914d54d6-eaaf-4383-801f-bd0dea36c11b","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":"e6fa9181-4990-4d6f-a39e-9615d61455e9","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":"1b6b5fbc-c039-4be6-b7a8-aead8a6709ee","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":"30474218-d70a-4eba-80fd-43a78ae647fd","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":"f92e6a32-f633-4656-a972-9a0e80210d46","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"fcf7fcfd-61eb-40bb-be99-f0e548f13597","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":"5a8ac7c1-fd03-4f4e-a8ac-84dd416f5fae","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":"ab6813dc-cdd7-4893-9be4-1b239247e2e8","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":"dba65ddc-5ad2-45be-8816-9dc920b185ba","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":"3cfb430c-07af-47c5-8b11-12e3fc785073","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":"b28b2e06-3331-44e0-b7e3-6a4873e0a411","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":"4f06b39c-1b02-4f98-9b63-4ed2f5763295","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":"99090542-c3e6-4abb-9cc2-3085aa5681a3","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":"5343301a-7c28-4d00-a66d-ad94801ff085","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":"73290baf-ed4a-49cd-948f-cbb5f548ed73","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":"9aed5d0a-6f39-4a7c-967a-b979770eb275","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":"39a15de5-63c0-4725-83a7-0db475faa1ab","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":"7b3c8031-81b8-4d57-9a79-a70d1e453707","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":"b3c35124-19b2-4bec-8f77-b9ce8959adf1","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":"b41d6c43-8073-44fb-81fa-d72dd6971e13","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":"6b3145b6-fa02-4d60-8183-ff87158c08f4","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":"18e5de80-9b3c-4f29-8df4-ab7fb3c69cb8","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":"744b5d3f-3037-431e-9179-ac9f775af098","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":"ca9a2645-6013-47b6-aed9-a45840b0e775","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":"72f1d045-3a5a-428f-a1a3-c84592287ec7","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":"5c8fdf57-b49b-4699-870b-21723c6dd766","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":"f66db70c-6b29-4058-a6b9-98b7981fc95f","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":"668cd237-54e7-4ff4-8ba6-992bde7c7eb4","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":"5e9bd819-377d-4798-8d13-fbc310b4a6ed","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":"231b1434-c078-41a1-b36f-6017a5cf2b17","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":"f11d5a6d-03be-4677-8fe1-78c4c23eaf25","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":"aa36284b-41f0-4fea-9085-2745117ecd7a","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"e4e2e7a2-25e2-4582-8fb8-f73b1bc13970","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":"b52823d9-0948-4fbf-b78d-2b73f799f1f9","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":"3d58b83f-c6fc-48bf-9e81-cea4a1a12200","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":"dd88adf3-b224-4500-8de0-b8b961a3568b","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":"acbaf1e6-b28f-408e-bb1d-d08cfd4fd10c","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":"b78ede48-a046-4f80-bccc-2ceed49f2620","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"e5051bd1-2d6f-405b-8d60-2d0b02982987","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":"c06f9a74-87e5-4a9e-8c99-61b6243d6f61","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":"bb146c27-d96d-434f-b35a-0b65ee31ae43","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"601ac80e-0a5f-4de5-9592-420ea44be13c","block_type":"box","text":"Report ID: 5592965.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"5b5ffab3-050e-4a07-be80-9ad495268bd1","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"ec453917-e195-4d6e-b269-24b7b12d715a","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"54293a25-e662-4c6f-8080-d6d83a752c26","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"e72d6d50-076e-4cee-8428-6d9a16389fbf","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"68380aed-d7e5-4e96-9585-572ce8bfac73","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"33a93ead-ff32-4aa4-b04b-4b05a2842f32","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"c71a06c3-de56-4032-83dc-4df20bec793c","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"814e0deb-5891-476b-bb49-fac793703dc0","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"6f911041-4aaa-4082-8dfe-c9507c5f3147","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":"db5decdd-4dd1-4fd5-a6c0-f203c956dfe5","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":"2a361b79-b23a-48fc-a0ab-2c6cde4889b7","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":"41ecdc9d-fd07-4bc0-9ddf-bac9b1af627e","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":"e1af9bc9-bafc-4b13-a19c-be182e8aa06c","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":"5ee3a048-ded7-400e-a3df-f03eb2a4a3aa","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"b6edd4a8-de13-41b2-bb0e-42f0db9d71ec","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"584881a4-93c8-47b5-b36a-d20fb8b0158f","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"29b31993-e957-4537-85ee-1a926148490d","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":"455d923f-963b-4a7e-a957-8846d95952df","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"a1d4c757-a99d-48ef-838b-b46fc9168e1c","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":"d250d22c-d595-4a4f-88d2-1167fd973616","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":"93e48d6c-372d-4b6f-ba55-2a429ff83832","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":"6af88d9f-6360-4f42-b950-43aee2b55e37","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":"532d24d4-0933-455b-b0ff-d1983dc4b583","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"93ab6e56-5bbd-4650-9e6b-a845968ae48c","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":"e10deb84-d03d-4b55-819b-5cc476c11d3c","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"afb92c2d-926c-4442-9c28-d1c5c3341f24","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":"c5ddee01-4c33-42e5-8da1-1ba7c0a27694","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":"9af7f561-6841-435f-81ef-09bb24918032","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":"ced4f8c5-785f-43ad-8b11-fe66f20f20d7","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":"3d07594c-1919-4fd7-ad9b-7439e2e403e7","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":"a1eb85fc-da20-414a-ad68-4ca12dc122e3","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":"9a9fd273-9cc1-48b0-a597-e59cf4a15d9d","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":"be8a5a10-ff8f-4d16-a33a-ce9fe0b3cfce","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":"28f7b77d-403b-4277-8601-dfb4d7368dba","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":"65e9958e-c8b6-4ce9-8a0a-0c2ce71b5f43","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"90202109-834f-42b0-b625-316b79638ab8","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":"00a6dc6a-23ae-47fe-8738-124151283da4","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":"4a53d32c-b50a-47af-8dd0-9278d5d09310","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":"865c72bd-3446-4c27-bb00-01969d803102","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":"8d13f4f0-cc9d-4391-b537-2d119332f9fa","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":"c25eb6b0-95cb-476b-a8fc-8d127fde3361","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":"86a2ff1c-618d-4559-91c8-dd9323372736","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":"24799b68-7471-44f7-a343-cc0fad4c2b9c","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":"a955ffc6-edf4-4c05-bc61-163a00e69512","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":"ddfbe38e-dd70-46b5-a2cd-7ecc993fd56f","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":"3340e491-efca-4422-b78a-c05468583476","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":"18f32fa9-f536-40b4-9fc0-071da4a3929c","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":"221c3247-a0ce-4832-b4f1-7abbe9529271","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":"6e40eaa8-9185-48cf-ab50-79085aec60c3","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":"a245455c-5e56-49a0-a745-824936d1e6ff","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":"2ad65bcb-4ff9-47e3-bc46-e3e14a7ae170","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":"7d30d618-2e0d-483e-86a8-1fbe983d1a3d","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"7c79baeb-b162-4987-b752-c54db55b16e2","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":"5ea89b6b-d793-4fab-9aa5-fefc1802d616","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":"27f0ed7a-3863-4e2f-a110-f59ffb94c411","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":"2e2d83f7-ae3c-4a8a-be69-ff91d4da3237","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"0da60c30-16cb-42ba-b38c-f79f73e98e1f","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"22e09210-942a-483e-933a-eeb050456c9e","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"5a1077b4-3d51-47d7-b062-3351acb50d0d","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"9117de16-a1e2-417c-83a0-bd13ffb36512","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"f5bc5054-dc19-4905-9c9e-e64a0fc696b1","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"7afaa07a-3871-406f-893d-1b6e81511047","block_type":"box","text":"Report ID: 5592965.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"b2bf6fb5-843a-4b25-aad3-237e20cc672c","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"6742121a-5bcb-49fb-b98f-02297a525f1e","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"8dc77cae-12e8-4870-aa63-7bb7ce372a77","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"0e08b6e2-422c-4826-90e6-926b1a64d68e","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"416a1612-b7b9-4d06-8c88-703c3d89f2f1","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"199aabad-b2b4-4d7d-b6ae-564124b5d7fe","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"2b97894d-994c-4063-917e-e5f92d80ecb7","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"79f8cc94-e548-4585-83b7-e761995e658e","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":"1aaaf648-0dda-4605-bbfc-f55e12ede16c"},"user_id":1000002,"date_created":"2026-10-05T20:58:02.315000Z","date_modified":"2026-10-05T20:58:02.315000Z","private":false}