{"annotation_id":"352cc8e9-918e-40be-8c9d-7f64e2a5e50c","file_hash":"e83ff6eaf91b3703656f70501b99c59e60263840f3b551b22026348bfc8b0551","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"30afeceb-d4c9-4f0b-a61c-98bd206389a3","block_type":"box","text":"State Street Asia Pacific Value","page_number":1,"box":{"x":51,"y":71,"width":529,"height":18}},{"id":"2102f4ba-1a8f-4a3c-b9da-bc35f67f03e0","block_type":"box","text":"Spotlight Fund - I","page_number":1,"box":{"x":51,"y":105,"width":288,"height":23}},{"id":"19f5cbf0-e041-4164-9da7-df0f36a0d689","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"e291b557-e6d2-426e-a0cf-c26a6fc105cf","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"16b7f654-c053-4f93-99a2-7acbf605b27b","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"bd021cbf-3ca3-4471-bc42-e4ec1502e61e","block_type":"box","text":"LU1159224911","page_number":1,"box":{"x":754,"y":107,"width":72,"height":6}},{"id":"832148af-947a-4ecc-b868-e4bb1629c06b","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"cd9abdf8-6b89-4791-8ff3-534bd820d2fd","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"06a49249-8fec-44b9-858f-bf87ecd52d5d","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":221,"width":844,"height":7}},{"id":"2f3c2f69-df9c-4be5-8038-9df49307bac1","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":235,"width":875,"height":7}},{"id":"4456cbf9-3289-4b69-8f44-d3d65247480e","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":245,"width":481,"height":8}},{"id":"1beab6d8-7bea-4600-ab3b-ecc06c29cf35","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"f11acec4-4611-48d8-805b-94596aabb3dc","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"ed8d31c1-2a77-4cdd-8ffc-138e543e1b9a","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"cb90b1d0-1fc5-40e4-8aec-261209fc4dd8","block_type":"box","text":"3.77%","page_number":1,"box":{"x":104,"y":315,"width":51,"height":8}},{"id":"93b71a25-9efe-41c7-b902-a719990f3395","block_type":"box","text":"4.17%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"3adda760-2764-4f93-97c1-98044d34bea3","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"726506c6-7b8e-4d95-9dd2-e3c6c9d7a215","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"8f666a24-1cf2-4e27-b8b0-2ef837c31647","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"564b2de8-f0dd-4321-b15a-9beda5e16b16","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"06f79dea-6ce4-4e76-9cf9-ffc4c9a5310b","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"6c0c7004-3c97-4891-9840-c4f70c16b958","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"0f707bf1-447c-4b7e-931f-c5a6d3a9ed5d","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"48184bb1-20b8-49e8-81c9-dde9770676da","block_type":"box","text":"2.67","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"af1d81e2-077c-47e1-8e1b-58f2c18fc1d0","block_type":"box","text":"0.38","page_number":1,"box":{"x":338,"y":425,"width":40,"height":8}},{"id":"c6224a50-cc42-4323-bb24-f899aa44c7a1","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"315a0d2d-74ba-446f-bda2-b9ca0cc32fcc","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"eac94ab5-b3ad-440c-9fe3-e568f85b8026","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":456,"width":53,"height":5}},{"id":"7b9d519e-8a00-4c96-ad27-189c84dc8382","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"e992b5cb-7eb8-47a8-b3a0-cad794b569e3","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"a99c7990-4b33-42a6-8e85-3add2fd5ae6d","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"eae75a5e-c588-4b89-872a-fa317708ed8c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"befe9c13-51d6-464f-8f15-12a0bb0b7a65","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"4cb0c84e-7c69-49c9-9244-d2708531bcba","block_type":"box","text":"18.37","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"fc9db583-8992-46c4-a1bd-0001c5f37394","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"ddeeb3cf-9a4b-43e2-880b-cc19c272044f","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"75196e9e-c9e6-4835-a61b-1d110fc411e0","block_type":"box","text":"13.56","page_number":1,"box":{"x":322,"y":547,"width":37,"height":5}},{"id":"0b1f8951-d343-42b9-907f-bf54a72c6c8c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"ed89a61d-c82d-4002-a73f-24ef6a79372e","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"0f016c85-0afe-4571-aa59-483b38b5f412","block_type":"box","text":"587.45","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"681493ab-59fa-4da8-9206-9f811fb4b64d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"a47f3cba-1bb9-4fca-b813-dc668a07961b","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"02a8d487-cb6b-4b6b-acf2-62d6d79b0ab7","block_type":"box","text":"31.93","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"1f53ad23-fac8-4efd-be25-b3a176eb2248","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"e3eb77fd-1ff6-45aa-a5d8-72089a483a52","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"12c2c348-1962-4750-a065-9a05b698eb45","block_type":"box","text":"626.21","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"9eab36a1-ad29-4047-9fe9-d05ad463d470","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"d4504986-b354-4ee1-952e-f4c299bfdff1","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"15fcfe6f-a534-4cf6-ba07-9a94f93b1e1c","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"440eff15-6b81-40c2-922d-8c593330556b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"9ada7b81-26e9-4bb4-b84e-8d3d32f3fdb5","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"dc75eaef-be3a-4e18-ba94-acdd3758755e","block_type":"box","text":"2,513.16","page_number":1,"box":{"x":780,"y":330,"width":61,"height":7}},{"id":"2f54b803-f273-4ee2-afad-9d2fb54777ac","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"f0bc5bd7-b20e-4e6e-b8fa-946bf5250112","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"9a90806a-0a75-47bd-9b9d-68d9e696fbd8","block_type":"box","text":"1,854.56","page_number":1,"box":{"x":780,"y":347,"width":61,"height":7}},{"id":"2f57a753-9f56-4c7a-9d99-694817c7df00","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"9ad335b9-27c4-4940-9fa9-91197bcdfafd","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"5656cff0-6570-4ff0-9f1d-751d4d179181","block_type":"box","text":"80,350.81","page_number":1,"box":{"x":772,"y":363,"width":69,"height":8}},{"id":"cbfa10bd-0d95-45a6-949a-6872600562d1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"a621e937-16c0-4862-a14b-aa68d7c2eaab","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"7b5cb422-64f7-4f1e-8b1f-843166004441","block_type":"box","text":"4,367.78","page_number":1,"box":{"x":780,"y":380,"width":61,"height":7}},{"id":"2d16b695-032f-423f-9743-b3170589150e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"7cc19043-825d-4edb-8f5b-e194d7b47b3f","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"0dab3827-84c4-499e-811c-69ac42131a8b","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"bd60b11d-aa37-4024-b32c-d3466dfd72e8","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"3944fbd9-e726-4f17-af60-0315d8df31cf","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"cc0dff81-324f-419a-abcf-3d68b34e8fe8","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"884b5035-93ec-45ef-b0ad-5e944985fd27","block_type":"box","text":"42.52","page_number":1,"box":{"x":803,"y":461,"width":37,"height":6}},{"id":"d75d8985-aa96-4841-af55-454bad60f7bf","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"31a6c204-7301-4ffe-a5a0-0dff9873b143","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"649fdf7f-895d-4ab4-8deb-c0ef6cf8494c","block_type":"box","text":"43.07","page_number":1,"box":{"x":803,"y":478,"width":37,"height":6}},{"id":"2257a70f-8e82-495f-866b-a17b6ce325b8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"5fdff3da-99b1-4185-877d-69e25a196642","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"5486ea66-0a26-4005-a151-757305bd52d6","block_type":"box","text":"887.69","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"da859974-2516-4869-a6a6-aa2f6bbc9a65","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"8e1fd795-b25e-42fb-9f86-8ee1b2df130a","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"7164b097-f565-47a8-baac-07a2641cb060","block_type":"box","text":"85.59","page_number":1,"box":{"x":803,"y":511,"width":37,"height":6}},{"id":"9335b404-17ee-4b7c-a037-226d5db3a2e4","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"a3de99b4-b4e4-4917-a803-9c6714807a0b","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"a7771150-b309-4805-9ac9-551fa08eae10","block_type":"box","text":"972.47","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"5e3c62e1-61fc-4b42-ab00-81ece8712a58","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"087af99c-2019-45a3-b1d1-e01a1be86475","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"756eec31-3177-464d-b841-0de1068d2a83","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"12959b08-19fc-4dc3-a935-b6d8c1f176b0","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"d1a695ff-77d8-46e4-b8e8-27eded4a606e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"58724b36-ea5b-4e19-84bc-4454c8621fb2","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"42483449-d81d-44fe-ad56-8b547a342a12","block_type":"box","text":"-15.74%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"f0e952cd-e766-43b2-9d57-437f88246657","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":610,"width":52,"height":6}},{"id":"5fecac4b-3a3f-4a2d-93bb-9612b74cea7c","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"d412e12c-3fb3-4cad-9ada-f7f8f6e9fdce","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"51d0824d-152d-4166-ad96-1572a16612be","block_type":"box","text":"2.32%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"c887335a-226c-420c-a37d-931b7ef70a1e","block_type":"box","text":"82.10%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"3f7266f9-7bca-4a4f-bef5-a1202cc8962e","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"5a22f0b4-f134-4528-b9c7-93655c0240fe","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"07581473-5618-4e21-a14d-b7166ff24b88","block_type":"box","text":"-1.41%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"21b6f15e-ef81-4e48-b7f1-c60cf023cf41","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":676,"width":52,"height":6}},{"id":"bb12a4cd-5f79-4f99-bd26-e7c7c84ccae5","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"2b283674-e2ed-4b28-93e2-f04c49875679","block_type":"box","text":"-3.58%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"a1f75fb8-6687-42df-ac62-2c6d89b39d84","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":693,"width":52,"height":6}},{"id":"e4ee30f9-26d5-40f9-9265-7e39769629b2","block_type":"box","text":"Report ID: 5593204.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"af127a59-c99a-45eb-a456-6302652245bd","block_type":"box","text":"Published: 13 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"223e4a6b-1ba7-4a53-bfe7-86770d0e2f6f","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"3f8e31e5-2a43-4c60-b3c9-031bc3f89e5d","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"50067559-f1a7-4e08-92f6-41591c3848f2","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"9af8fb3a-b08d-4448-b979-a4a9851eaf33","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"5f2eba99-04f0-4466-980e-17ca1cf4be7e","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"e97cfe58-524b-4add-93f6-120df6740bd3","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"4e717654-25c2-46bb-aa74-02c99cba0545","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"879c6c35-4afc-44c9-b384-ec94b1108035","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"5fe0f3fe-f0e6-44ae-8dc3-6dd0bd02040d","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":"64753871-6438-4035-8086-f40c6284dbc9","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":"9e3c5211-fc76-45c7-bb8c-f2cfa419836b","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"8b0a4c1e-09b9-4602-b96b-983a94c0f98b","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"cd8f516a-726a-4903-abee-ba720b5ee962","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"43e47a2c-c092-4482-897b-578d6f466886","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"9bc5c82d-2569-49c6-8c5d-59b0025d9da4","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":"9f1b1192-964f-4775-9d76-79a786cc9945","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"43ab0a6e-8c01-4386-b23c-521d081bcb96","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"2dfc7c42-9c15-4942-9875-4f8092fd3d80","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"326e0c09-cd3f-4d50-b6f0-66714c0d4c4d","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"5042e4b3-a18b-4f07-b1c0-244547dc763a","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"4a9e5bfe-2ed2-4b7e-8086-625cff112619","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":"e32b93cc-8ccf-4bad-9a4c-05f040a7369f","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":"f282bed5-2ab6-445b-bfbb-843a95d1b22d","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":"689f8973-58db-4ee5-88cc-5bfe98d7f946","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":"7fb73484-6293-454b-9c61-00e4629655c5","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":"a9d0242f-fedb-486a-99bc-2b13072e8254","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":"91f6b344-f24a-40e3-bfaf-60de836300ab","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"9ec31815-f7de-414f-8ebf-f00c1968cb6d","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"91164852-2262-48cb-b97c-3a1e809c59b4","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"df88eeab-fdb2-4c9d-81c6-37c7a7322b46","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":"84dd72b7-6472-4f80-a662-833b881ed17c","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"2ab7ecf9-0f8a-4fa5-bdc1-d2f8e647513f","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"de2ab8b8-7bc5-41a8-b921-9521c69fd686","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":"4b42ba60-1138-48c7-8b82-51e3559980c5","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":"f03febc1-8a53-4ea3-b1de-ab7606c5c9f6","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":"a480d06e-8e6d-46b3-a936-b8c248526672","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":"f5063e76-b25e-4a40-9631-33551504c56b","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":"216e39ad-f6c1-4b49-95d3-95650ef96d56","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"04e1fb19-ea01-461e-a9c1-8542ccd219e5","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"ec05df0d-ce40-40a0-af3d-8d1abc2c1774","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"74e43f74-25c5-4770-b4ac-d414b78f756b","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":"09ad0290-21ef-40c4-8d91-f670a1a67223","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"864b25c6-3853-4a1e-a17a-ba326a363f2e","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"a12c0128-51e6-41c9-b029-88c9d9ad9529","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":"4615cc85-9db6-48f5-8655-ca715459f2e8","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"55ee92c0-9ced-428e-89e8-b812c8897b37","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"279dcd6f-f5a1-453f-96c6-e9f37a3b2e71","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"5e7d2164-a3a5-411f-8013-8b2a3ead85c0","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"e1d41b4d-482d-4592-bb76-7cff59a50f65","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":"67465862-7db0-4c36-9491-3fde574c999f","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"a1fd506b-cede-4f91-acc4-f89d9d69d108","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"e88f421e-fedf-4cd0-a2d2-c9320300383d","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"6c634d78-dd0f-4a78-a376-4cce0762b87e","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":"7139e54e-1fc7-41ec-b1f8-a561ba609513","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":"3608895b-bc91-4bf3-a08d-69d789da7f55","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":"79185b8a-e870-4ff1-931f-3d238f35a067","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":"7f38cc7e-33db-4c6e-aa92-276fcadb9657","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":"774d7318-d5e4-4042-87cf-21d065b82040","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":"ce07dff1-1aa3-40ac-afa7-c27a965e986a","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":"f1804304-d938-469c-b363-b26063842d79","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":"42e45947-02db-4fb4-bb6c-4ab0cc44e4a4","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"ece4141a-dc59-454a-9a45-799a6f56596c","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":"c01c763c-785d-43bc-b1e9-dd47f5884ab8","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"99a01431-b1fd-4b1f-abe9-cb259a429512","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"4a223bae-1885-493f-a39f-0e50b374e291","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":"2b73797e-e2a3-4fd7-af34-a46ec2e71f4a","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":"1275346b-1b69-4ec3-97de-7f63ec6a6d16","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":"8b45cdb2-e986-4aa3-bdb2-6ab5140276f3","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":"a4b009e6-43be-4b37-b2f7-0b318ad3d31d","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"5f9b6f20-8b1a-4753-b20c-49b886ad46fd","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"771d6671-3a34-4368-a6db-fe5313bc57ec","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":"02dbef23-6354-445d-b721-87fe4f7bacaa","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":"92d814a6-a880-4c95-a4cf-78890f6f7b43","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"8da9bb12-a44f-449d-8a19-aeba9c21228f","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3 -","page_number":2,"box":{"x":515,"y":237,"width":370,"height":9}},{"id":"a06e2e6a-4281-4efd-9aec-e6402e85ab36","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":"47ec1138-eaad-4717-9aa8-2cb50e35a33f","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":"b6522648-d060-4d45-877a-c2b8b16167fb","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":"23064c5b-ca1c-4063-91a5-9166c518ee96","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"91767470-4dc8-4bf0-a092-81c84dfd4022","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":"7d7782f9-79d5-4a75-a050-59165781ec86","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":"4750589d-359d-4675-a4ad-352dba443647","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":"87e7628e-f5de-45c8-a84c-c1205d31214b","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"bf2c581c-5e0a-4daf-b173-a45b94cc2e4e","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"0f835b19-8df3-4c81-b6f4-a69b5e79cbaa","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":"6dfc27ba-b162-4642-ace0-4bb1481e311c","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"faee926e-6d16-4fdc-a919-837f7ba46a96","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":"0441a5bf-42fe-437e-ad7a-22a279d1f331","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":"1ae57414-ecca-406f-a59b-42d2dc14d52d","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"7b7d04b3-ca17-42f1-9419-1fb203f3b781","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":"99ddb0e5-b767-4184-8684-7c2e1a13f132","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":"195c1d68-5832-4678-84b9-505ecaa3c55f","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"46b269e2-d4d9-4223-a30d-ae4b614fb784","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"01c1e7b3-d845-4749-9f34-5a0485862beb","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":"649717fb-3fdf-4424-92d9-b1a2678e04d4","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":"8b18533f-ef7d-432e-95bf-32e0ee6d4e3d","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":"810aeee9-3b3f-468a-b752-48f200e6e068","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":"83672212-1b88-4492-b54b-caf37361b684","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":"cf95ea53-f8f9-46fe-a62b-edc6deb5b3e7","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":"dca0179e-b1d8-4ac1-80d2-78801d02141a","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":"63786e29-c326-4cbb-b737-11d4c9e380d3","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":"acb472db-3359-489e-ba2b-dcbd22f284f5","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":"859f57f7-6e0d-42d5-a5e6-8fc803887bcc","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":"481bcc1f-8014-4503-9256-98e6baeadcca","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":"e59187dd-e36e-405a-ad3e-b54d6fa3d005","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":"8d1d4797-98ac-4508-a225-0f98ed329f15","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":"c06c298d-b758-40e4-807d-3d3651190c85","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"12279b49-34ee-4a46-9ef8-e6a331277b59","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"3eccbf03-90a9-4577-aab3-3be1cc11ce4e","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"52fafd27-a92b-45d9-b5d2-992ffc8f4de2","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"19c45bdd-d20b-47a2-97c9-fa460043dbcf","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":"f628a10a-e769-4394-b6ea-240a7f062ab9","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":"0535ce97-2824-481a-854d-cb9e99f9c32a","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"e90f57f4-2376-4374-8ce7-3d5436c19926","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"335973d3-457a-424d-8bb9-b480a452453d","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"705b40e6-06e0-44aa-9626-57ae1b45a5e9","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"d39ff275-a5d9-4a28-b791-4acbdd93c4ed","block_type":"box","text":"Report ID: 5593204.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"9978b39c-c4b0-4986-b213-506fdd4a78ac","block_type":"box","text":"Published: 13 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"5b8b69f0-537a-46eb-97b9-c000c91019ff","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"ae2ff5dd-7841-47b4-90cd-b59b89fc6584","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"44db5c20-f5de-4b29-bde7-167239646913","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"84d4c2c3-30c9-42af-b9ee-bd13b15b1d91","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"a7261fa3-2de6-4f8a-9500-fa91097dd39f","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"8d674697-4272-4faf-b379-35fc0db01811","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"13532a57-3d75-430a-b65c-4ebb96fa2269","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"b221f5f0-2821-4feb-9346-f133753eb2f3","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"ef639e96-9edb-47e7-ad7c-a315fe054314","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":"1ec9136d-6c8d-4541-8339-05cd530dd876","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"06cfed61-36d3-4845-bc9f-2039e194e487","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"d0ebf879-f3d5-4110-933a-300ea0eefd84","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"fc37ce00-1a35-4b84-8061-abf850e9677c","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"512f32b1-d27d-4970-ba9c-c55c7bd6921d","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"33782942-c185-4db7-bad1-eb409776cc7b","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":"23514e0f-4814-4b98-92d8-89467d49fc15","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":"32623964-1924-4892-b4eb-5a5d15904381","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":"f7105d26-34d4-4c22-8ee8-d617c56f3e11","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":"45a3a8fa-880a-4a71-ad33-8b8f0051181e","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":"45bc5517-b8e8-4901-92a3-2413a3d7eae2","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"f2741e16-e940-451e-a12f-8466d813dbaf","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":"b5b0ba25-ab48-4864-ae10-fc367b9cc48c","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":"09e85fb3-6fca-40c7-bead-6acb4d7825cd","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":"eb560050-c192-4ca8-b910-632abec988c7","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"299cbf5a-a0e2-42be-8671-4cbee8de9c6e","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":"325378b0-75a6-4723-8a5b-1ad44e2a59ba","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":"9e233ed8-5866-42f3-a809-af5514cfb0f1","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":"77a6823c-42e1-490b-8f89-1fdc3813f5a8","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":"6c433702-ee9b-48e3-aad0-ccb52d724e31","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":"29f5f1b8-89e3-4d3e-9a6e-994564ef4460","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":"e3dc5794-bac2-4b48-9d25-775163824657","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":"79290cb3-0622-46ff-8df0-d55046afdf82","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":"3fccd22f-2700-4388-b95d-b0570fa901ee","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":"4792d38b-966a-4230-9cde-f5411d722d7e","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":"74095245-9b10-40f5-9fbb-d2f153662d10","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":"6bb741ac-cc55-405a-90bc-d9ada2a94d14","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":"90487c4a-b58c-420a-93a8-9a1bb2d558ef","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":"65a1e9f7-0351-482a-9bb5-f8176b7e110d","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":"12b84555-49e0-46ea-9526-c8d9358d8a3a","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":"f1f050a5-cbef-4440-b75e-961ef755eeaa","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"07f992d8-b3cc-4181-979f-ff43d12cb72e","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":"9a03b79c-a252-478a-ba4b-11a38e3fa46e","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":"4d6034fe-eae5-44fe-a5bf-a040d31e0df6","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":"6086701e-f519-41fc-9010-665232f0d210","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":"f8910f6b-3c2e-48d0-aaf4-65a3020fdfec","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"1ffa1f27-bf90-4118-8cc1-1ad62516274a","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":"6a8c1127-e75c-4f20-a616-b83d4edb8efd","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":"dd8809ce-c9b7-49b2-b7ef-fb1668924d41","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":"b6bed93b-c793-45b0-83c3-f0c4ecb142b2","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":"36685ecb-c543-4ce3-ab68-b01389eec1bc","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":"6bacbb94-7851-4715-8462-47c5b7d181e1","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":"004d7d5d-d7a9-4a4b-8a1f-030f03107757","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"b2b0c974-5f82-4b17-9b7a-a5976753c4de","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":"fec0eec8-9b81-41be-a537-1710af7cc8c7","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":"e14affb7-56e9-4cdf-9d47-8acdbe94ad76","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"b4dc7f2f-a2ae-4ec4-ba8b-e40160d7e8d5","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":3,"box":{"x":51,"y":722,"width":415,"height":8}},{"id":"45132dec-2c9b-40ea-9ed5-6cd7822e3f29","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":3,"box":{"x":51,"y":734,"width":423,"height":9}},{"id":"7e66f78c-be63-4c4a-aeb8-f5b0672f78bb","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":3,"box":{"x":50,"y":747,"width":418,"height":9}},{"id":"fc98ca88-8d89-4163-a16c-c8ec7a6427d9","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":3,"box":{"x":51,"y":760,"width":408,"height":9}},{"id":"ce456713-d993-425c-b308-03595bbc415e","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":3,"box":{"x":50,"y":773,"width":429,"height":9}},{"id":"f1e3a6d5-e2be-4b01-b3b0-ec33572c1969","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"93ed696c-c686-4d82-a7bf-e151d907fe4e","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":803,"width":430,"height":9}},{"id":"1f56775f-aac5-4440-9c5c-8eaedad62eee","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":816,"width":420,"height":9}},{"id":"982da7a7-3121-4ec2-bcf4-5bd7c6ebe762","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":829,"width":372,"height":9}},{"id":"41c5c86b-cd70-45ba-a55b-1219e2921482","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":846,"width":414,"height":9}},{"id":"e093350c-c03f-4a7d-8736-eb573ff3f510","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":859,"width":400,"height":9}},{"id":"28c6d17d-4c15-4d75-82f2-75860c29a383","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":872,"width":396,"height":8}},{"id":"dad6afc8-f11e-4a11-ad7f-21fef082e909","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":885,"width":416,"height":8}},{"id":"3ea6ae18-5527-4edb-8abc-ca8d4f2b97dc","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":898,"width":403,"height":8}},{"id":"338efabb-a998-4dc7-9454-49848baf3bf0","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":910,"width":407,"height":9}},{"id":"e787c13a-1f94-417d-8f22-cae5b02146f7","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":923,"width":410,"height":9}},{"id":"25321707-2485-4afa-aec6-5dad66b8dbae","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":516,"y":92,"width":414,"height":9}},{"id":"11afa77e-a24f-4de1-8c77-709f605c7f0d","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":515,"y":105,"width":429,"height":8}},{"id":"352c9d4b-ddf7-40af-b545-d662ff08ff64","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":515,"y":118,"width":432,"height":8}},{"id":"2bf5c9d8-016c-4773-b329-e048f4eb1d85","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":516,"y":130,"width":421,"height":9}},{"id":"8310f1d7-dc9e-43d4-958a-f55535942662","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":516,"y":143,"width":429,"height":9}},{"id":"28fb717e-9631-4de4-a893-109998d911c2","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"7f9e23c6-e268-4175-aa71-4fdda4e15139","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":174,"width":416,"height":8}},{"id":"b6ed2a8d-ee97-42cc-b861-1bbd7232f4cd","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":186,"width":415,"height":9}},{"id":"f9d22d05-1249-46d9-971a-0dad077079d9","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":199,"width":422,"height":9}},{"id":"0e6ec3c9-5247-48ea-a66a-e100d62bf841","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":212,"width":307,"height":9}},{"id":"4c66f3fa-7e14-460d-8a2f-06720a629940","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"496d214f-3978-488d-81ad-34d00fdbd842","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"fdef3ab5-5eea-4e6c-aef7-3a7c8cfb0ccb","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":225,"width":292,"height":9}},{"id":"028b688c-7a80-4220-b62e-cab59fb95c96","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"9acb3b95-f226-4fe9-86bc-9745c2b9f133","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":238,"width":421,"height":8}},{"id":"b01bffd1-ac9d-45b7-8d49-ae6c1f803232","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":250,"width":390,"height":9}},{"id":"795e38e5-0793-44e6-a48e-08a6fe893e18","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"2b6bb9f6-90b2-42f7-a701-13f5763ae32a","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":268,"width":418,"height":9}},{"id":"e7aeb7dd-8a30-47e0-b526-3ba0ac45e682","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":281,"width":431,"height":9}},{"id":"9782e33c-9d29-4b8a-bd9a-6f067aa0bfcb","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":294,"width":354,"height":8}},{"id":"67aeb8a4-cd08-4a1a-a9dc-70a6e9d7eaf7","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":311,"width":403,"height":9}},{"id":"9de7e909-c85b-4109-bc79-e26cbd3eb201","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":324,"width":411,"height":9}},{"id":"bdd058f8-1019-4bf1-8d4e-83100708c10c","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":337,"width":401,"height":9}},{"id":"9ac30d4a-e86a-4e31-bcea-25d53d9dad7a","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":350,"width":402,"height":9}},{"id":"24956c85-ecf0-4b3f-98fb-81430d0dfb8c","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":363,"width":416,"height":9}},{"id":"65c8ea1c-2765-4010-ac44-20d1f761a8ff","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":376,"width":338,"height":8}},{"id":"97ff41ca-331c-4240-85ab-baf9326f29f5","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":393,"width":408,"height":9}},{"id":"bfdd2b21-d48a-426a-b8d8-f0934b7d12cb","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":406,"width":416,"height":9}},{"id":"cd856ef9-7009-44f7-8e49-b00ad2d57876","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":419,"width":382,"height":8}},{"id":"90ab8825-a57c-4365-9443-0fc812ea7a91","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":432,"width":397,"height":8}},{"id":"27eac86e-80bb-4e9a-9af7-8730e2761f3a","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"e9f25b3e-fc89-4867-841e-da35e7eb59ad","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":462,"width":398,"height":9}},{"id":"f89869a0-afcf-4701-ba3f-128b107aba79","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":475,"width":407,"height":9}},{"id":"266da8c5-00b8-43d8-9c23-87845e2809b3","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":488,"width":427,"height":9}},{"id":"de855a84-3270-4ec1-bf40-4548c99b0932","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":501,"width":403,"height":7}},{"id":"933f8ac7-64b2-4112-a2c9-1dde08d556cf","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":514,"width":393,"height":8}},{"id":"f16cf703-2e60-4c97-82c1-24c8ee50624e","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"d405227f-21dc-4b8a-b7ff-aa4703d39011","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":544,"width":389,"height":9}},{"id":"3e877fc1-d495-4485-b44e-213e40b15d96","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":557,"width":379,"height":8}},{"id":"0b935b0b-464d-499d-b488-c8665021b888","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":569,"width":360,"height":9}},{"id":"1c50da17-3a4f-4462-86e0-4bfd1ecfef18","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":587,"width":419,"height":8}},{"id":"8ea5924a-8cf6-4c8b-bd33-0fb5765204b7","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":600,"width":431,"height":9}},{"id":"6687e918-a38e-48fe-b4ca-9c425acea99b","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":612,"width":428,"height":9}},{"id":"c4bfc29d-1727-4284-b9a0-8c7db50501e2","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":626,"width":427,"height":8}},{"id":"0f66d632-a0e3-48a6-8d0b-3647f65b590f","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":638,"width":411,"height":9}},{"id":"e26a238b-d8d0-49e5-94e6-7951b20730b8","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":651,"width":395,"height":9}},{"id":"43f23972-447a-44f7-951b-e75b0ec4e45a","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":664,"width":411,"height":9}},{"id":"c6380386-3330-442c-b070-ab1f47428890","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":677,"width":396,"height":8}},{"id":"40029145-58fd-48a2-b375-7046dc6cbe8c","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":690,"width":433,"height":8}},{"id":"2f84f424-c36c-4d22-8918-51fe03feedac","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":702,"width":420,"height":9}},{"id":"88fe200d-8f3a-42ad-9745-a63945599577","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":715,"width":422,"height":9}},{"id":"0adf17e8-4a98-44d6-885f-ba669a2ed371","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":728,"width":392,"height":9}},{"id":"28dbef1d-4209-4634-9563-025ba5163d94","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":741,"width":407,"height":7}},{"id":"e164871b-9002-4ad6-a29c-ceec6b620f83","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":754,"width":413,"height":7}},{"id":"7ba0853e-a3a2-4669-8443-a47529908860","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":767,"width":412,"height":8}},{"id":"f99f1672-f3b5-4c61-9b07-d48e204623d9","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":779,"width":431,"height":9}},{"id":"b34d7387-1f74-46c3-ab43-5c35ef209916","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":792,"width":398,"height":9}},{"id":"bdf9d511-9773-4739-b9b6-e522cfb4df23","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":805,"width":403,"height":9}},{"id":"a9bce606-3e37-4f7d-83cc-59b4edacb50c","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":818,"width":401,"height":9}},{"id":"c98e62be-7c19-4af4-a715-45d6de6c70c6","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":831,"width":418,"height":8}},{"id":"6c270a21-5dcf-4a79-8dd0-7298fbc78571","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":844,"width":428,"height":8}},{"id":"12a8453a-023a-49e1-9ca9-4ad80a7ed118","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":856,"width":405,"height":9}},{"id":"3a2592c3-274c-4bef-9a93-8344cd5c8d7a","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":869,"width":426,"height":9}},{"id":"7503f451-022f-4d43-89f9-f6c9d58fd19a","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"beaf6154-3a0b-4636-8c63-c3c40a8d0b9b","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":900,"width":429,"height":8}},{"id":"f36d781a-9f16-4efc-bbcf-86d9bdbf786c","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":912,"width":428,"height":9}},{"id":"fc7d340c-512b-4180-8325-01a6c807359a","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":925,"width":415,"height":9}},{"id":"9c484bde-4189-4241-ad21-e16eafe76e2f","block_type":"box","text":"Report ID: 5593204.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"30dfa08f-4129-4c8c-8593-dbe8e8c03793","block_type":"box","text":"Published: 13 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"b2166a41-873a-4b1f-8c21-42c04d3d3160","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"079a6acf-e2a8-4764-b64d-1d3001f6e46a","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"d2db4411-190b-43f8-86fc-c9a15111e28f","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"9357bf45-d2be-4224-b1a7-bcd9d95cc0dd","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"8495af9c-9b63-46ce-b308-0d89f4f69324","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"2a86ac80-ba83-4e82-9b6e-0298f8c1dccf","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"3c2c6509-57f9-4c29-a59b-6490e2f592a3","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"989fa2f6-c0e6-482b-a4e8-d74baf3d73bd","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":47,"y":36,"width":389,"height":8}},{"id":"019ca52f-a38f-45ee-a54c-a1c87ec22f66","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":47,"y":48,"width":433,"height":9}},{"id":"362d9969-7102-4ba6-90cf-0268e053ceea","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"0aa29278-62b5-4c07-abb7-61fb9d8348ed","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":47,"y":83,"width":361,"height":9}},{"id":"98be52a0-4416-4c2b-9b35-bc228453002e","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":47,"y":96,"width":403,"height":9}},{"id":"83fdb12e-a4bf-42de-8897-32aa7b94928b","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"471ca526-4f04-4b29-a82e-35f5a006d219","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":47,"y":127,"width":434,"height":8}},{"id":"a6094d36-042d-4c6d-87f4-c8addf423e12","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":47,"y":139,"width":419,"height":9}},{"id":"5708a502-d975-4112-9578-365f827da8f1","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":47,"y":152,"width":398,"height":9}},{"id":"619c6c0c-4cf3-476e-ae1a-58edb66b75c0","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":47,"y":165,"width":413,"height":9}},{"id":"e8363038-0566-4303-b106-ca3fe7e47cba","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":47,"y":178,"width":292,"height":7}},{"id":"eec0cecb-f907-4e92-98a6-521d96ef6e89","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"1a88061c-010f-4659-a085-07417f155ad3","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"462ad445-ea4b-4d61-b198-9857761995c6","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"b189b4c2-ecf7-46f4-bc72-549b10919944","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":47,"y":196,"width":388,"height":7}},{"id":"9c11414b-2639-455f-b86a-94069b092989","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"6237913b-dbc9-4778-907e-661d94cf0a0a","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":47,"y":226,"width":385,"height":9}},{"id":"99a5ed24-f166-4427-bd71-c1fca49a38e4","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":47,"y":239,"width":403,"height":9}},{"id":"4194652c-330c-4918-9b05-8cedd49d298c","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":47,"y":252,"width":402,"height":8}},{"id":"0ec2df82-95ae-4bc4-97e2-dc08f8ebbeef","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":47,"y":264,"width":412,"height":9}},{"id":"46a6f0bc-358f-49fa-9b4f-1090cbd3f534","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"61d8fc27-a66e-4b7e-8a2e-4614260b25e9","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":47,"y":295,"width":412,"height":9}},{"id":"3b31591d-30b7-4122-a948-be4fbb4181fe","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"1a5fc017-c7b0-45e2-81c7-89696f2aa422","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":47,"y":320,"width":427,"height":9}},{"id":"37de28b4-f27d-4ad3-ab06-1db5208406b8","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":47,"y":333,"width":395,"height":9}},{"id":"e138a5fd-033f-4fe7-bc2f-4fdaea0cfacd","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":47,"y":346,"width":426,"height":9}},{"id":"94f69e66-d0d7-4164-906b-15a009507586","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":47,"y":359,"width":369,"height":7}},{"id":"da9c75bb-be30-45f0-aba5-6c8489040c8e","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":47,"y":372,"width":409,"height":9}},{"id":"8925b0a9-c0fc-4db0-a5ef-8c9daf68ff5e","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":47,"y":385,"width":414,"height":8}},{"id":"41129bc0-0f85-4327-ad56-6629e487c029","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":47,"y":398,"width":426,"height":8}},{"id":"94c24441-8ff0-467c-8f13-a96b075fe576","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":47,"y":410,"width":277,"height":7}},{"id":"5d6f8ed7-a96f-4742-a350-6f8b967ff90a","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":512,"y":36,"width":409,"height":8}},{"id":"c6afa8fd-9cb8-4903-a665-a49d9314d3d0","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"883fb116-54ff-4c33-8059-6e72932c364e","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":512,"y":61,"width":414,"height":9}},{"id":"7af45f8b-3bf4-40af-b569-72f8235bad46","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":512,"y":74,"width":411,"height":9}},{"id":"c54fccf1-26a8-4a18-808c-7b82976cb74e","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":512,"y":87,"width":421,"height":9}},{"id":"3edebe99-c8b9-492f-bee7-5761e40ff3b5","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"bb78c480-7661-4bd0-8033-6bb730dd0f55","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":512,"y":117,"width":409,"height":7}},{"id":"f4cbefc8-44ad-441d-8e3d-cbc7fb23e878","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":512,"y":130,"width":413,"height":9}},{"id":"e553d03e-f1ac-4fff-b475-d4e959bf05d5","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":512,"y":143,"width":396,"height":9}},{"id":"9b434e62-2b9a-48ae-86be-202060a53e71","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":512,"y":156,"width":391,"height":9}},{"id":"f3156db4-1628-438f-ac08-51f8acd41dac","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":512,"y":169,"width":428,"height":8}},{"id":"0029a9d7-3b1e-4ea9-98f9-6f97aacaf6f0","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":512,"y":181,"width":419,"height":9}},{"id":"daf1a749-2d97-48bd-aad1-62dcdb77b79c","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":512,"y":194,"width":359,"height":9}},{"id":"4d622d41-6437-41ab-87e9-ff45a36d7ede","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":512,"y":207,"width":374,"height":9}},{"id":"cc03b084-5f84-405b-b5ac-7904ae2d7cbb","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":512,"y":225,"width":419,"height":8}},{"id":"1b68df34-dd9f-4f4b-bfef-7f26f7512f09","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":512,"y":237,"width":403,"height":9}},{"id":"2ba54639-b2a8-4160-858b-8e8f1942a10e","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":512,"y":250,"width":402,"height":9}},{"id":"57c3f1cd-c7e7-4047-b962-17b099abc022","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":512,"y":263,"width":391,"height":9}},{"id":"975d417d-62fb-4757-94b4-160a4eb49acc","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"4ae21496-8248-42ac-8f2c-44e9297c30b9","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":512,"y":294,"width":416,"height":8}},{"id":"ba695416-e83c-44d9-a644-658257a80e18","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":512,"y":307,"width":393,"height":8}},{"id":"efdebde1-7b2d-4ba9-acfa-7516fe82aaa9","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":511,"y":319,"width":412,"height":9}},{"id":"35ea4574-f969-41cb-8f35-a0cbecf108c9","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"7290da88-5d39-44f5-a45e-3c253604ec2b","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"71970350-5bbc-4c7d-be9d-409e5c87ff9a","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"57fb876d-092b-4b09-82cb-98c46bb80493","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"a8ab4c7b-e7b4-494c-8967-b5d99572400f","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"ddb92929-fccf-45eb-98f2-84a2bbed1a33","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"dfa853b7-8844-48dd-8019-fd9944a867d1","block_type":"box","text":"Report ID: 5593204.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"ce43849b-6791-4ae3-95ea-c4a7411db523","block_type":"box","text":"Published: 13 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"7a3f2340-72fc-4864-b7c4-6222efd344ff","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"f6594ea6-dfbc-4838-a32b-48768130eb67","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"482f4f88-0564-4a93-883f-5d44f15bf6b9","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"59b6e3dd-ba36-4ffd-89be-61bfead8edb1","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"060e1b9e-4ae6-4f6f-86db-7dd6f106fb07","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"cfe5c1d9-3fbb-4945-968c-06e87a0d0b83","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"1460d708-4e81-419a-b620-34a75c12ee40","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":"b0287235-4caa-4205-a822-68b9b523aef8"},"user_id":1000002,"date_created":"2026-10-05T20:54:00.453000Z","date_modified":"2026-10-05T20:54:00.453000Z","private":false}