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If only two of the agencies rate a security,","page_number":3,"box":{"x":59,"y":47,"width":408,"height":10}},{"id":"bf4c128f-9b14-4075-824b-c94e363f736d","block_type":"box","text":"then the most conservative (lowest) rating will be used. If only one rating agency rates a","page_number":3,"box":{"x":59,"y":60,"width":425,"height":10}},{"id":"9fcc23b9-9713-4681-8330-06330eb7dd5f","block_type":"box","text":"security, that one rating will be used. Where there are no security level ratings, an issuer","page_number":3,"box":{"x":59,"y":72,"width":425,"height":10}},{"id":"09e3c256-9841-4c72-91cf-b9c6ff8d225c","block_type":"box","text":"rating may be used to determine index classification. Bloomberg Index breakdowns are","page_number":3,"box":{"x":59,"y":85,"width":419,"height":10}},{"id":"f7fa1db3-1802-4393-8b53-eb311ac5cfb8","block_type":"box","text":"grouped into larger categories. For example, AAA+ and AAA are listed as Aaa; AA1, AA2,","page_number":3,"box":{"x":59,"y":98,"width":422,"height":9}},{"id":"467ea3df-b6d4-43a5-8798-10e338296266","block_type":"box","text":"and AA3 are listed as Aa, etc.","page_number":3,"box":{"x":59,"y":110,"width":141,"height":10}},{"id":"639dbaf9-c390-4650-985a-0c2587239ebb","block_type":"box","text":"Important Risk Information","page_number":3,"box":{"x":59,"y":138,"width":133,"height":10}},{"id":"618a3dd4-df64-4570-b8d7-ecc08dc2c099","block_type":"box","text":"Weights are as of the date indicated, are subject to change, and should not be relied","page_number":3,"box":{"x":59,"y":156,"width":406,"height":9}},{"id":"6f00e793-a4d6-47f2-9d51-435226b0cefc","block_type":"box","text":"upon as current thereafter.","page_number":3,"box":{"x":59,"y":168,"width":128,"height":10}},{"id":"e48384f0-c4cf-41d3-9e41-da4351473e4c","block_type":"box","text":"Investing involves risk including the risk of loss of principal.","page_number":3,"box":{"x":59,"y":186,"width":283,"height":10}},{"id":"9d1ca5d1-37a5-497a-99fc-bf6253cadf3b","block_type":"box","text":"The information provided does not constitute investment advice and it should not be","page_number":3,"box":{"x":59,"y":204,"width":408,"height":9}},{"id":"d4253325-a440-4d75-85c3-f43c23e63d2a","block_type":"box","text":"relied on as such. It should not be considered a solicitation to buy or an offer to sell a","page_number":3,"box":{"x":59,"y":216,"width":409,"height":10}},{"id":"3c389c78-7724-434f-a022-0840ed92602b","block_type":"box","text":"security. It does not take into account any investor's particular investment objectives,","page_number":3,"box":{"x":59,"y":229,"width":410,"height":10}},{"id":"6f5ac47f-5f20-4265-9563-6db131584e54","block_type":"box","text":"strategies, tax status or investment horizon. You should consult your tax and financial","page_number":3,"box":{"x":59,"y":241,"width":411,"height":10}},{"id":"f6d2ff9a-1ed8-475d-bccd-a6264bd8cb3d","block_type":"box","text":"advisor.","page_number":3,"box":{"x":59,"y":254,"width":36,"height":8}},{"id":"aab45c27-936a-4430-becd-35a6143a42d9","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or transmitted or any","page_number":3,"box":{"x":59,"y":272,"width":424,"height":10}},{"id":"a03f501b-8019-4754-8d74-9b397e8720ae","block_type":"box","text":"of its contents disclosed to third parties without SSGA's express written consent.","page_number":3,"box":{"x":59,"y":284,"width":390,"height":10}},{"id":"838c0cc0-aaf6-404e-a76e-87b6a4c36e21","block_type":"box","text":"This communication is not intended to be an investment recommendation or investment","page_number":3,"box":{"x":59,"y":302,"width":423,"height":8}},{"id":"11dd43c2-62b5-4c68-af41-3a3b9abb9d36","block_type":"box","text":"advice and should not be relied upon as such.","page_number":3,"box":{"x":59,"y":315,"width":220,"height":9}},{"id":"358f357d-0679-4359-b008-3ce66e3c7334","block_type":"box","text":"Market Risk:","page_number":3,"box":{"x":59,"y":332,"width":61,"height":8}},{"id":"1de289ec-5c5c-47d2-a432-d3368d17ab78","block_type":"box","text":"The Fund's investments are subject to changes in general economic","page_number":3,"box":{"x":124,"y":332,"width":327,"height":10}},{"id":"0b3b6a97-ba2b-4ef0-a97c-0f2d6ecf7f21","block_type":"box","text":"conditions, general market fluctuations, and the risks inherent in investment in securities","page_number":3,"box":{"x":59,"y":345,"width":425,"height":10}},{"id":"485c54a2-7cc3-4a17-bc5a-fa3d67dcc132","block_type":"box","text":"markets. Investment markets can be volatile, and prices of investments can change","page_number":3,"box":{"x":59,"y":358,"width":401,"height":10}},{"id":"48e807bb-5383-4c12-99bf-7f89bf84e90a","block_type":"box","text":"substantially due to various factors, including, but not limited to, economic growth or","page_number":3,"box":{"x":59,"y":370,"width":408,"height":10}},{"id":"7bd62287-61fe-4a2b-958f-820c630aca64","block_type":"box","text":"recession, changes in interest rates, inflation, changes in the actual or perceived","page_number":3,"box":{"x":59,"y":383,"width":387,"height":10}},{"id":"2342f8ec-1d7d-4937-98b5-d947a03f79bc","block_type":"box","text":"creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk","page_number":3,"box":{"x":59,"y":396,"width":421,"height":9}},{"id":"ee2b85c1-3922-4f1b-b24e-a9b6a38757e9","block_type":"box","text":"that geopolitical events will disrupt securities markets and adversely affect global","page_number":3,"box":{"x":59,"y":408,"width":392,"height":10}},{"id":"753b1736-cac3-4157-88b6-62dee8471209","block_type":"box","text":"economies and markets. Local, regional, or global events such as war, military conflicts,","page_number":3,"box":{"x":59,"y":421,"width":420,"height":10}},{"id":"69d1d517-bcc0-4fe9-b95e-553aa9ffa07c","block_type":"box","text":"acts of terrorism, trade policy changes or disputes, the threat or actual imposition of","page_number":3,"box":{"x":59,"y":433,"width":406,"height":10}},{"id":"9efa5a44-a694-44cf-ae97-d35d09896bf3","block_type":"box","text":"tariffs, natural disasters, the spread of infectious illness or other public health issues, or","page_number":3,"box":{"x":59,"y":446,"width":421,"height":10}},{"id":"f0d59c00-b369-4727-9247-05f6ebc78cee","block_type":"box","text":"other events could have a significant impact on the Fund and its investments.","page_number":3,"box":{"x":59,"y":459,"width":372,"height":10}},{"id":"7362f23c-a804-4ab1-a0aa-c8077af700b0","block_type":"box","text":"Bonds","page_number":3,"box":{"x":59,"y":477,"width":31,"height":7}},{"id":"a5a32754-8859-487a-8c51-24801eaffee3","block_type":"box","text":"generally present less short-term risk and volatility than stocks, but contain","page_number":3,"box":{"x":94,"y":476,"width":363,"height":10}},{"id":"29c25ff2-f566-4382-a648-2e3c848f915f","block_type":"box","text":"interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk;","page_number":3,"box":{"x":59,"y":489,"width":396,"height":10}},{"id":"93b4f462-ec86-4ea5-87ce-eab7a6db978f","block_type":"box","text":"issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced","page_number":3,"box":{"x":59,"y":502,"width":414,"height":9}},{"id":"48774a09-02ca-4d79-9c1e-758d8cc549f0","block_type":"box","text":"for longer-term securities. 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