{"annotation_id":"4337ece4-4c64-4c59-a1de-24d67ccdc75f","file_hash":"85eed92479201af57eadca1e598c54b0e95948cec3386e30ad2181ba54300151","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"4807d091-5018-48e8-be55-193317dc68a8","block_type":"box","text":"Fundamental Index® Global Equity","page_number":1,"box":{"x":52,"y":71,"width":590,"height":23}},{"id":"21dbc397-3cc4-4ec5-820e-11cb5af6ac53","block_type":"box","text":"(Developed 75% Hedged) Sub-Fund","page_number":1,"box":{"x":52,"y":104,"width":606,"height":24}},{"id":"46089fec-8546-474d-9060-45fdb03e4a84","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"baffdf2a-4455-467d-8d6c-89cea5616080","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"14a59b54-90ac-4f8d-b197-b7a8b90c7b41","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"02959d00-ce4d-4b0d-b351-d2c1bcc3d50e","block_type":"box","text":"GB00BWDBJM86","page_number":1,"box":{"x":754,"y":107,"width":97,"height":6}},{"id":"7184cb0b-6ee5-453c-a13c-29847df87deb","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"f50fca9e-db57-4bf9-9ab9-b5fb733d2997","block_type":"box","text":"Unless otherwise stated in the fund's governing legal documents, the metrics referred to in this report do not form part of the investment objectives or","page_number":1,"box":{"x":51,"y":174,"width":884,"height":9}},{"id":"db6b4052-49a0-4dd2-9bf7-2888fd3f5a17","block_type":"box","text":"investment policy of the fund. The provision of the information in this report should not be construed as a representation of the fund’s current or future","page_number":1,"box":{"x":51,"y":187,"width":888,"height":9}},{"id":"f60d74bb-74d6-4ee9-ae61-b18d5548f619","block_type":"box","text":"investment objective, nor its sustainable characteristics. It should not be viewed as an indicator of the fund manager’s current or future investment","page_number":1,"box":{"x":51,"y":200,"width":866,"height":9}},{"id":"c4faa284-c589-4856-8909-f9f03147ccfd","block_type":"box","text":"decision-making. Please refer to the fund’s governing legal documents for further information with respect to the fund, including its investment","page_number":1,"box":{"x":50,"y":213,"width":842,"height":9}},{"id":"a19ffa4d-fe48-4541-a9e3-39831bbaa242","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":226,"width":560,"height":8}},{"id":"0fecc6a1-9cb0-4c80-9cbf-77951c3eff8d","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"d66e86d9-7136-47ee-96e0-d4c2b854a042","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":307,"width":844,"height":8}},{"id":"df3c2dda-d01d-4962-8480-de1d700c3682","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":321,"width":875,"height":7}},{"id":"36dc4f9f-300b-47dd-aeb2-af171ea6887a","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":332,"width":481,"height":7}},{"id":"e867bba5-c683-4c94-a5b2-2b7f8ead14e4","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"4d135061-f873-4967-b775-651faaa21c5f","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"a98eef6e-e9cc-47a1-b624-46d66365057f","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"5d8f713e-caaa-4c3d-8d27-8be5daf7aeaa","block_type":"box","text":"4.54%","page_number":1,"box":{"x":104,"y":402,"width":51,"height":8}},{"id":"22b13374-4303-4024-bb99-5296846d55bb","block_type":"box","text":"10.72%","page_number":1,"box":{"x":339,"y":402,"width":60,"height":8}},{"id":"b1eb1c72-fb8a-43b8-907a-940f8333c0a9","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"00ad093e-cba5-4d4d-ba7c-9f3f90bc3e3c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"99ccae64-e436-4180-9b63-8c9b26213d61","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"4901b766-a56b-4f3b-ab92-a684ade998ca","block_type":"box","text":"91.74%","page_number":1,"box":{"x":416,"y":432,"width":45,"height":6}},{"id":"0585d189-1b6c-4aa0-881c-fcefcb32fc35","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"a75fccee-00b3-4a57-acd6-6e0604bb945c","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"9d4739db-ac40-4b49-ba46-a86e194c44de","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"c4c662fa-9af3-473d-b065-0846d1349621","block_type":"box","text":"3.19","page_number":1,"box":{"x":104,"y":512,"width":40,"height":8}},{"id":"9ef21abe-280a-4539-950b-b605440ece34","block_type":"box","text":"2.34","page_number":1,"box":{"x":338,"y":512,"width":40,"height":8}},{"id":"562b24c0-5682-43c1-a7b6-b36ecdd5abe5","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"b15f1b6c-aa96-443c-b30b-0def882f852e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"56508389-70a8-4c7a-aafc-85ac4573c3c4","block_type":"box","text":"91.45%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"5e07fb33-71b0-4168-aa0d-3aa7d5094e61","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"da348ff8-63cf-42a0-a7a1-eedd2bab30a3","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"55226594-e1b4-4525-b06e-d2d02c86a97e","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"102381a9-5866-418a-9e29-b5305f837f87","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"26d5c148-b176-433f-8ff1-d0dd75a818e5","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"b80cc117-2ebe-4064-9d75-2e82d4f2d9b1","block_type":"box","text":"68.74","page_number":1,"box":{"x":322,"y":617,"width":37,"height":5}},{"id":"c01a5621-64bf-4577-87a5-dd11469c953e","block_type":"box","text":"91.74%","page_number":1,"box":{"x":438,"y":617,"width":45,"height":5}},{"id":"2c69ad33-264d-4e43-a30d-422b3cc5585d","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"41815199-4661-4607-a1cd-79778eaf74b6","block_type":"box","text":"14.52","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"c7a6bd09-83b1-4369-8186-5e15394ade5d","block_type":"box","text":"91.74%","page_number":1,"box":{"x":438,"y":633,"width":45,"height":6}},{"id":"9552eba5-a1c5-4f6d-9a57-612e6360632c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"3811fa19-62e3-44b6-8201-7a46e307da4b","block_type":"box","text":"686.60","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"1d7e72de-16c0-4c8b-aaf5-136923c83c9e","block_type":"box","text":"91.74%","page_number":1,"box":{"x":438,"y":650,"width":45,"height":6}},{"id":"672616ef-dd93-4af9-b5ae-a5ca859fc157","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"7d31398a-4bee-40bd-9d71-acc04084e21b","block_type":"box","text":"83.30","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"b6a1c5f6-133d-47e0-bfb4-c1a43fc47a73","block_type":"box","text":"91.74%","page_number":1,"box":{"x":438,"y":666,"width":45,"height":6}},{"id":"e89a2737-51e6-4d6d-b057-9fff6cefa444","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"98fc8052-11fe-4152-a900-eed71c025c14","block_type":"box","text":"791.71","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"1300ae38-b82c-44b2-82be-9405088af0c6","block_type":"box","text":"91.74%","page_number":1,"box":{"x":438,"y":683,"width":45,"height":6}},{"id":"4663ca95-e6e4-400e-a38c-a809f946d0ee","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"aec7dcba-6b6f-49bf-af06-e748ee0388d5","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"8465b892-03a1-44a8-8108-d4bcf67c0b78","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"3362ae3d-e1ab-40ec-96e7-1ad315191282","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"22f47c77-4d4b-4268-a5e1-7bf3eca02517","block_type":"box","text":"119,753.64","page_number":1,"box":{"x":765,"y":417,"width":76,"height":7}},{"id":"77524cfe-8b11-4daa-8abd-27c47c8508de","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":417,"width":45,"height":6}},{"id":"90a03257-3f16-4836-aa9c-8b034eab9330","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"7a529a20-e502-4a9c-8c3e-537a5f75137e","block_type":"box","text":"25,297.83","page_number":1,"box":{"x":772,"y":433,"width":68,"height":8}},{"id":"785209f7-abe8-4d5e-b343-40dd1bdbdb24","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":433,"width":45,"height":6}},{"id":"9434c16f-2b88-4444-acc8-1886a3fac44a","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"21c9c06b-c957-49db-8988-a25d40caabff","block_type":"box","text":"1,196,091.54","page_number":1,"box":{"x":749,"y":450,"width":92,"height":7}},{"id":"1f0d90c8-5a27-41cb-8ec8-0ca222795be9","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":450,"width":45,"height":6}},{"id":"3df85f32-c49f-47e3-8041-0b2a179e5a1f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"e39a807f-eb8d-4392-934a-816949c834da","block_type":"box","text":"145,117.59","page_number":1,"box":{"x":765,"y":467,"width":75,"height":7}},{"id":"0eae9d68-b89d-41b0-af13-0a04abd2d4c5","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":467,"width":45,"height":5}},{"id":"7ed6c9db-0d20-4729-95e7-509f1c573ebf","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"968f3f7b-cbd1-422f-bb08-78da590a9e86","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"a2fc892e-ba10-4fea-bb6c-207f1c7935ba","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"b7f3fedc-a911-4847-a66f-c37928963479","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"fa8ae67d-e3ff-44b6-a278-03765fcab79c","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"2ea8761d-a897-4b7c-84a6-2d569749a053","block_type":"box","text":"129.07","page_number":1,"box":{"x":796,"y":548,"width":44,"height":6}},{"id":"93931c45-8d1a-420c-b2a5-0776cd5decdd","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":548,"width":45,"height":6}},{"id":"f7d2d029-37b8-4d9b-86fa-717cad9dc7a5","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"c5f1ea3d-e3eb-48e2-a1af-b1106b89fabd","block_type":"box","text":"30.06","page_number":1,"box":{"x":803,"y":564,"width":38,"height":6}},{"id":"7f2f768c-027a-4638-9128-83497d145c41","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":564,"width":45,"height":6}},{"id":"105ae6ba-25ac-41f6-a0ed-2e6e45c8efa9","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"b305eace-91b7-4277-8bea-8da913c4b19e","block_type":"box","text":"1,016.46","page_number":1,"box":{"x":780,"y":581,"width":61,"height":7}},{"id":"428d1974-1075-415b-8fba-205e5f9c87c3","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":581,"width":45,"height":6}},{"id":"3da2279f-0951-4be8-aeb0-c8ec0e35a5af","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"c4b463bd-b0e8-4c34-ae01-9ae9d9e5846c","block_type":"box","text":"158.99","page_number":1,"box":{"x":796,"y":598,"width":44,"height":6}},{"id":"0150dc81-03d0-47b3-9759-297ed9fb4e0f","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":598,"width":45,"height":6}},{"id":"c5d52562-d810-4a40-b238-513c647dc557","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"4a0803c5-b24a-445c-9ef5-697348cc8028","block_type":"box","text":"1,179.10","page_number":1,"box":{"x":780,"y":614,"width":61,"height":8}},{"id":"85fc29a5-2917-4f5e-8815-df1fceb2ff24","block_type":"box","text":"91.74%","page_number":1,"box":{"x":903,"y":614,"width":45,"height":6}},{"id":"cbc27ebc-f6c6-409a-9010-a83f01a1970f","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"184f5132-65fa-484e-9408-995fc40ac2a0","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"fd29c483-46bd-4784-a239-36e5c8621583","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"8df99f7a-c11f-46f7-bb3b-c04a849813f8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"acd645eb-d07f-4f83-b9cd-98babb77d6a9","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"d3360c3b-e460-46e9-9d6d-d06fe328e2b3","block_type":"box","text":"-20.55%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"97bd8f77-9cf8-478e-8c06-68c87ded922d","block_type":"box","text":"91.47%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"637603b7-cc4c-4e64-8597-07b02ee2ee0a","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"cd3d55e3-e1ab-41d3-afd4-79eb8124e24e","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"ef008169-3083-4cf6-85ce-b8a99dcd44dc","block_type":"box","text":"1.71%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"e9e642d1-ac2e-4822-87a1-15781531aa04","block_type":"box","text":"84.63%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"f0c0474d-ee0b-48bc-9949-9ed7eee1d984","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"eb22c73f-19ef-450d-bf2b-446e1702aac1","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"1be2b328-d9dc-45ff-a087-e2e655a1cfbe","block_type":"box","text":"-0.62%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"16b591ea-5d63-45b7-9d8d-74f7938f3424","block_type":"box","text":"91.29%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"015db967-63da-4892-ae0a-559dab625ab8","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"e7b6a903-f341-44b3-82b6-ba9d28e2b174","block_type":"box","text":"-1.94%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"cc2bcc1e-b293-4af0-bb13-2d61ad0638d3","block_type":"box","text":"91.29%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"2e85bae7-2243-472d-8c04-c3b1a288af72","block_type":"box","text":"Report ID: 5592747.1","page_number":1,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"9437342d-bb5c-4b38-9a65-433687040ce4","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"564280e0-1aab-459f-80c9-059506e45906","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"ae2e5110-62be-4ca6-be58-3a5c8eff02d2","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"4506884c-606c-4ef4-8a94-2e54d5ce460b","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"707482eb-c599-48e9-bc8b-a576e52cf894","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"15b1ef03-ab57-4b24-9ac2-b38121a0cb9d","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"d6392f95-5d16-425f-8d05-d82e99c5eb2b","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"6c96be72-21fe-4d53-b29b-3f4c4eab67a3","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"ab870458-48a8-4f8d-8b71-1899ac2ed65d","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"65ed9195-8445-46aa-bcf9-9ae59d2812d1","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":"21f10ae6-a97e-41bc-8dda-7dda1fca89b8","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":"a735054e-fed4-47d2-8237-f7394fa6bafe","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"b3093d0c-0d16-48be-a2a8-8e10e51a19bd","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"3ebb16aa-02bc-498c-aea4-7ebe094fc5f0","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"6e9cb558-eb8f-4105-9069-8cb1f8a7c25e","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"7017a9f3-91d4-4d80-9884-156623e3073a","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":"0f9e7c9e-2f50-4c1b-a95f-b51e26b4431f","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"79f3930f-6398-443c-b21a-08d3cb7fe3f4","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"fc56142d-c7ee-4323-9033-1b1e76ef09fb","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"6c7bc091-7884-4900-ad88-4a75023226db","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"9ecb2012-a433-42b4-ba5e-94887f5a49ce","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"4cd8041c-81f4-4121-9fff-251438df4068","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":"5f57638f-e6be-4698-a439-30602860a4ba","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":"a08dbd16-978a-471b-b5b5-fd6d9bd3e775","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":"51bf1a85-1cc3-477c-8a16-7fdc6c54434e","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":"a4dff640-9989-4d39-bf6e-82cbea88b220","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":"f683fe12-c7fd-4314-a148-66077a27b02e","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":"e1e102c1-35ba-4ec3-8068-b4be6211acba","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"178acc19-b011-437f-827b-74494e483f16","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"60f6304b-7b0e-40be-baa7-8f568913d5e5","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"882b932d-6cca-4352-ac16-34a7f6451c51","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":"9bda5331-5065-4949-87a7-dd183b691ede","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"c3fdc75a-10c4-4235-837c-5a4251bf1e5f","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"93cffe94-155d-48dd-ae12-3d8d691b8a30","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":"67518806-eeee-4b37-a6bb-60df603b072f","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":"11a84f06-7056-4518-8876-525d18115ae0","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":"c4e4ad39-2c71-4ab2-b366-39ba49874065","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":"3c3ed6fd-028c-4998-9768-f94b22854be9","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":"b2d6d16a-a674-43ef-a65b-92bf156b23b8","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"f03af0a8-e6e7-4a9c-8f1d-4ea288b6c21f","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"0ef6d381-241e-47dc-b51e-10537df9905b","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"ad8e415a-4306-4f70-950d-3fe0b5da831c","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":"1dfd2a33-3dcb-4d50-940d-33ea65e59569","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"2ecb37dc-a7d8-45e4-a552-7d26f74d48e4","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"c06f924b-5284-4936-865c-fd9c42da1b46","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":"d9d1823e-aa9c-4025-b440-a55aec482e10","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"44732cb9-66cd-48ee-bb7a-b848736a95d9","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"b33b659e-c35a-4c11-9b86-92e24b145625","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"aa3a432f-066a-4097-991a-d93ae9454645","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"e3ff2925-d1bc-430e-a74d-03c192125153","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":"aa726466-09f7-4266-9b8e-a18c8571c708","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"d8726fe3-0c3f-4329-90af-f6fec1d447dc","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"b1348f0f-8801-4ef9-9b8d-d213c43f5d26","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"0943d5c8-6668-4693-b720-0db454ed741f","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":"e7f1856b-141d-4d14-b09c-05381103d882","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":"758f17ed-0448-4f70-96f3-ece4e320e264","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":"570019ca-b589-427c-8765-d6246e133b21","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":"7f84d3c2-9c63-4982-b433-4f4c5728b83f","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":"bd83b876-c44f-434b-97dc-3787d221c3a6","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":"25da5a8a-039f-4bc1-9ac2-8350ca3bdebd","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":"f00eee42-7cf7-4342-9d94-9e0b1d2252a9","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":"6add6d4f-ec39-4925-acd0-2407e0e8b2a0","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"e0201498-2f51-4eac-8a39-d149b2a509c3","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":"e9a7af7a-8dd4-44e2-9f13-57c0ccfd6473","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"8d8bd095-f020-40f9-8c23-49e51f480e9c","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"147f1f56-c082-4307-969c-02876674be6d","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":"1eb8674e-ea23-4378-aea7-4e6e3faa009a","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":"6fb00cdf-83ac-4e2c-bb00-673473418efc","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":"95bef773-eab3-4d98-8e9a-357605e5fb2a","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":"887d14b2-d27f-4ba2-8c89-05b73972c17b","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"50f3e863-5132-4ae9-b87d-539accef9bbd","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"1166a8ab-b470-4731-9ef5-a71de537fcd9","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":"287a4c6a-6e47-49d3-aaad-5105fba97141","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":"42102a57-2440-4fbd-974f-95122cd2eb3f","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"c2c34453-c01a-438c-aaa9-830dda38352a","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":"cd63ef59-173d-49a4-be3f-8c9fb314f9f7","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"1b6c9e45-f163-46b5-ae3f-faee3164e6ff","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":"6f7b4c40-83c6-4385-8352-ed72588d8b47","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":"6285ab25-a6eb-4352-82e2-f2dd1b31c9ab","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":"fd545d5c-83fe-4619-b3b4-d338f830b9d0","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"cf7d62c9-c0e0-4aa5-a928-09a6cb8ad8ca","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":"af456ed2-8d05-410b-830d-9af30e099bb0","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":"1fdd507e-eb8b-4b2f-90fc-a0e3ccbffc8a","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":"ce24b39d-931d-4d5c-bf55-1aa239f42797","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"a8251da6-f438-4cf1-9074-b65f462ce8bc","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"b110e3a2-80a5-42d2-981c-122f5c7df128","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":"e97dfd1a-3784-41ec-8a56-0736096be936","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"858b0b31-1d41-4577-b405-eca8c7283058","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":"37ef196d-e004-42f1-bfbf-81788ef70d4f","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":"765e9961-6762-4e26-954b-f1bfd378d291","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"75ec2bda-6fc8-4d44-8fab-93faf1516fe1","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":"b35ed8c3-091f-4417-856d-a62e14dc72d3","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":"d504583a-2b3e-4950-8bec-e2282f1674ed","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"75fa83c5-303d-4ee8-94ee-b41dda4a5624","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"4799d154-cc89-4803-9fdb-25e23d6686c6","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":"ee3ab76a-37cc-4f2f-9e4c-c8dce1970251","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":"a9679ce8-bf01-4cc9-ba04-97448975c6aa","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":"b95ddccb-5e8a-4bfa-9d53-cc5b5b6574f6","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":"c09882c7-a047-49fc-8718-f97819c6f4b0","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":"1ec35655-a751-437e-807a-b2b488562a1b","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":"5ad5bb16-f49c-4661-b4c7-cbd506a3a8c6","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":"be47b7ce-2a8d-40e2-b8de-93ff8251d774","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":"e21dbde1-a3b8-4dc9-8727-1ada1983a649","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":"c17a42d3-4915-4eb6-9b0a-39011914c1cf","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":"8e63c9a9-a6e2-4d84-9bfe-6f4b68435d99","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":"8025cfc6-9c86-4810-b897-6349fd75e395","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":"5c786f4b-6f20-454c-b72e-c33ebb05dfcf","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":"5ba03fda-fe0a-42bd-95c1-8af87f87ff6c","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"b54d52b0-a41e-453a-a243-ae9fae09b4d0","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"726d96f9-89f3-4859-9b2e-7dbb18aadd98","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"cb4df8df-2aea-4426-90a9-e4edd04e24e8","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"db3cde94-3d56-4fbc-b7ed-9cb58ed611b6","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":"b8f2845d-dccc-4174-9cba-f33c7b2092ec","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":"ff340ba0-c40e-4ee8-a7d6-b2d8c658779c","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"efc401ca-7670-4d5b-bb7c-7b9ea06fe62e","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"123f9030-4955-434b-a154-e5a298e0498e","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"8003b9da-e3d8-4957-b171-76961ccde768","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"010de9b9-70ca-45f4-bf49-6b3e9991ff2b","block_type":"box","text":"Report ID: 5592747.1","page_number":2,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"db649524-4c92-4bf5-a54b-592a6fa8c233","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"20c62c2d-f78b-4fad-94cd-0332c688a5f6","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"e0a2ccc3-295a-4e2a-86ed-8b170ea77524","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"b24f664f-1b71-4130-9b2f-26153595e68e","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"01d50425-8afb-47a7-aeef-49ed66c0a545","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"fb6e8d21-a838-4a6f-a668-2cd1f14193d7","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"1dca4053-de5f-4029-adfe-31ea984d0bce","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"4f46db37-e014-4116-962b-bf34624482bc","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"bd2f0810-3c26-4091-809d-f4a4c6615f16","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"601677c1-e9ee-4d6f-8322-124cc3aa7886","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":"f241e2d9-250f-4599-971f-ad4db98f7ca9","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"224fff0e-b873-4376-9ddc-5ca964f40847","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"4fa55952-95d1-4957-aaaa-9cc7e600c9b6","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"897bbb62-e394-4789-b559-08b48a9df30f","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"6d850908-f2f6-4f3f-87ee-b5de495fb3b9","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"3ee72982-3273-4bde-9ae9-d6bfa2eac86c","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":"0695c70e-b8ea-4f0b-afcc-901c028ff826","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":"45e5908d-3b10-4336-b791-68e12a36d2c0","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":"282af6e3-2c21-49ee-9951-71182b627760","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":"32e1ff4d-19a7-4466-a981-78c9704d0fdc","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":"eeff7a8c-8e33-4d5a-8c65-1620bf6cbdbf","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"b6a59b5f-63e3-4e13-a146-5695f8773699","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":"2f9d158c-14a4-457b-9371-f19086eccdd9","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":"04e1d689-03e8-437f-802a-925deb1291dd","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":"3eb6209d-9faf-4eb2-bf03-362e62aa0524","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"50d0e472-30be-4df8-a69a-d4f653f05b9d","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":"f2d44b13-5f04-4254-8d98-fee1ded0f750","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":"cfec33e5-f95a-4de4-aa23-5e62bbfd1e0f","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":"2d3da3be-f4e4-47fd-89c9-dde0855ff05a","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":"8234e57c-d33e-4555-859d-995825fd536d","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":"4fe6f835-1c00-4950-8c94-f8a497a0e218","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":"378cc67b-0033-4336-92b5-f0c0ebbf76b9","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":"b3c48a23-06f8-4e25-8f86-7277dbc8103c","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":"ac2c7cf8-8278-48c1-be28-b31a8d84f011","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":"81bc41c9-6fdd-4840-be65-64545c1be6d8","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":"e864987f-8ff8-47e1-b861-d7ecbd0ab30b","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":"11a4412e-a6ce-4559-a376-a18c70f30b5a","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":"cac57174-a2bd-4309-be7d-b2dc0cd6885d","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":"05eab571-6719-41bd-9601-188ce49a19b2","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":"f87a1664-3fbb-4df8-bafe-d13621b5687d","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":"4a4a172d-ba71-4e47-bc32-9db1229277b1","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"457b499b-e209-406b-ac2d-a95483ed0a73","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":"774cf333-c650-4a54-814a-391cf0aa3e0e","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":"953d0df8-7219-4991-83d8-9d47a29e686d","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":"b46c9023-405a-4da3-a2e0-4877cc740175","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":"2569f41b-b6fe-41f8-b9f3-4c09b6892a3c","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"8d36f2f6-2660-41b0-90ba-4b008d872327","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":"7a817d37-7eee-4438-819a-671a8d8f7f7c","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":"2ec1b00f-37d5-4438-ad12-a58caef04395","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":"aeebb51a-1848-456d-935f-c3f5a891d23a","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":"9ff43473-7616-478a-b526-4159ec28869f","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":"aa0ef91b-f077-4efa-8c8e-8850e339f2f9","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":"8709f395-bdd1-43ef-a06c-eadfa11bffa0","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"7acdf0bb-1f63-4a59-be9d-2c85216a1b73","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":"3ae434a2-4655-47a5-8853-24f0fd06cec0","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":"c3f2de15-6f84-4afe-be1b-2a54ea0adaa1","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"acae6ee4-15b7-4cb6-b7f9-c1250e998e83","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":"190fd667-1f27-4c9b-83db-6cc522cfb7bc","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":"302f2c76-db35-4fae-bc06-8abca850d3c4","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":"0374f353-1bc5-4231-8cd2-ae2149c3547d","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":"f4d942a8-6054-481f-ade2-fe3c4ff3841c","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":"0027e152-8422-4abe-8a22-275846e974a6","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":"538bbd9c-d6d5-4e3d-ae1b-4931a1a6a6a5","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":"dcffb2e9-7cf0-4624-b796-cfea4fef51cc","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":"9df207b1-040d-402e-a8ce-b2c7aa92d55f","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":"94eeaef2-5bb0-49c8-a795-a87f0def3ee6","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":"8fb6087e-ef1e-4cc4-ac21-ef487e0610b2","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":"7aa76941-ff55-4e38-9698-09edb3a4e37a","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":"b2624ac6-5013-49db-a006-5752a562a578","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":"c3a70867-7db2-4381-a6c9-c76eed776496","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":"0e5ab16b-370e-414a-9d29-b0923048ee8f","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":"37a74a6d-003e-4908-8737-ae04376686c7","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"ffce7018-e219-4b75-b461-9ff6a9fdbfaf","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":"d7c530d6-3fbb-409c-96a9-a2575a31b995","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":"0af4e7c1-dabf-4dd0-afd7-6a94ea4c5af6","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":"ac3ff18e-73b4-4aca-a5b4-7dcf9d982115","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":"30d5b946-2252-4343-8e5b-84b4f67d9af2","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"f0a3edbf-7e71-429f-a385-7e0190646939","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"93772b03-cfe2-4c5e-b0fc-c0c702a61c15","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":"425c8cb8-d43c-4dee-831d-bd2a13da5411","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"800e1b81-f2c5-4ff2-bd4c-c411e90bef41","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":"076f283c-7af5-4fe7-b350-ffc2b0d5abce","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":"3d5474df-13c7-4f6c-b4bf-25ee0280eac3","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"e7be1881-f70a-4797-8a86-c115c0238a52","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":"521a3d42-3458-430f-b756-1b4f9e25aaec","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":"5f10b03a-3864-4630-afab-2edd0835ba94","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":"ab9eac17-70d2-41aa-bc96-76a6bdcdc2e1","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":"4ac2c58b-ec87-483c-a389-d93f80b0b35d","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":"a5f97780-aded-4fe3-bf5a-7759700a5c53","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":"1eade47a-9e37-4697-9f7d-1b9aeace3503","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":"fa1ffa3c-758d-4b3a-9018-2b828591a281","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":"50400299-ae55-43d0-b7b0-29b05a4c5be6","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":"d4f4c61d-120a-4fe5-b127-d7d5aecd0ce9","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":"b82fb054-3a12-494c-85fe-3f41b80c5e61","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":"8e7f1247-18bd-4d10-932a-9db2aac87370","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":"6f1bbf7b-156d-4e12-af78-6633eb6a04ff","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":"2d5493d0-164c-48cd-9cf1-f05a77c2826c","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"a6369752-c9c3-473e-93cd-dee9470c06b5","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":"07244d78-169d-4a41-9322-272a6717f088","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":"59ba62cf-8d4c-4252-966d-53fa68300e3d","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":"855bbd5d-93e6-49b7-b4cc-a5ee525d051a","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":"11246773-6506-4bd3-9ac5-69b153d406db","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":"9f99feb2-f182-465a-b58f-ebda23de1b19","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"6e07f26b-6d27-4db6-a92f-657ac1cedca7","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":"0fa9ab58-9c5e-40f3-8534-58541fa01162","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":"3ff2ec2c-6903-49c7-960f-2dc2d1be1aa0","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":"94b0f01a-6e39-435d-82bf-ac216cea197f","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":"eabe427e-ba20-4c06-ad07-758117f9cdd4","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":"b672ead7-413e-4c3a-8652-266fa59c6107","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":"778682b2-2eb2-40f4-aeae-ce8aa8f65840","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":"f8ca8279-2777-4169-978e-ff4f26c62c9e","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":"7edfdeb2-4de2-4a9e-a997-a845b8917b51","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":"293d1957-31a2-4663-98b5-2249351b1e12","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":"6b8e8fe6-b5ef-458b-89fb-3cb6105c5839","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":"7b5c5fa4-65ee-4a1d-9121-36f52d977902","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":"2809f51d-23b5-4db2-b5f1-d38aeca20748","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":"560ddf39-6c59-48fb-a982-b1bb686df2a7","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":"1c00c1f7-9525-4196-8cb1-7ee8d9618677","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":"9fde26da-bce2-4aae-9dc7-924bd9ba21c3","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":"d813fcf7-b940-4802-adf5-80d094e5bac3","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":"07058362-d6bc-4095-b635-f92654a48184","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":"74ca168e-c4b5-42c6-a1fb-32a1a668cf9e","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":"84e2d928-c74f-4a42-ba45-70636baabc43","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":"0da9ac28-0c97-4bb3-af0e-458bdbd4504b","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":"eda4a90b-d534-4e17-a167-efb1fdb7f206","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":"19cb9f76-27d8-4d68-af0d-430325e921c7","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":"d172400e-124d-481c-8f0d-216db7022aaa","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":"0e2d1681-0915-44b4-b5e7-df87cf2f1043","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":"d4470137-f31a-4359-9f8c-e1f133ee710e","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":"9d15ee48-d102-4a09-8cdf-a09820eda003","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"2fae6552-dd7c-478d-a84b-fe0f984a679e","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":"8c282684-5fe6-463f-8497-cf87fdaf77b6","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":"91a55f42-3ba7-4578-80d2-3052909694f2","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":"ee20c7cc-6b12-4b78-90cb-a8e7662d07bc","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":"49226e00-0538-4c14-87ed-fbaefd43f01c","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":"03065870-cf98-4214-bbaa-b4cb0eb0133c","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"869cc0eb-d395-420c-a52b-af77a673a82f","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":"a865fa14-6512-4593-8178-7447b363c4c3","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":"cd7b1bc1-620f-489e-bdce-b29c9747ca70","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"b0c158cf-d4ad-4501-9b7b-3ea5e7512f1e","block_type":"box","text":"Report ID: 5592747.1","page_number":3,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"cd3dd79a-9c3f-4c4d-837c-18203e45be65","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"d664bd7d-3b59-41d1-9387-86f48a5a0e00","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"e0c2ddaa-4071-4f33-8bec-b1e4c4a99d29","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"a3320c0a-ef05-4f48-9f94-f4e9961f7d31","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"d3a1d26d-6715-485b-ae59-75abaf51ef66","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"1bf94488-4495-4a09-a5d4-1ecee981203f","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"bf0e9a16-d08b-4b48-b497-cae1226d046b","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"77241026-61f2-45a4-a615-571a4f2b0e71","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"e93198d0-aea0-4da5-9a67-ee6a18bdd425","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":"c236d4e8-052c-4587-971d-fb98a1b03a4d","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":"923d8575-4d44-43cf-8781-81296a1135f2","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":"41044306-3c33-4807-b794-78755c82e7f6","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":"a9c21f7d-05c7-40ac-84e8-659be4784065","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":"ee2f0929-0e56-462a-9efb-bffd96c00be2","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"c2607b74-c8b3-451c-b5c0-f4e19a481a33","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"32bfb48d-db88-4155-96a3-6473c5ff04f6","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"669ba991-4f08-4bb1-a9d8-2249ee113967","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":"336bd7a9-797b-4ab2-8c84-6f9d21439bf7","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"ca9feecb-637b-4922-8b19-f5aea15a340f","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":"862c166f-0818-4d60-a160-8a4419f74ccb","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":"62dfc12b-fcc9-436c-9e1f-3ea9329817f7","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":"e5629467-0cc8-4dba-aa50-da880e8d4b76","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":"8903c72b-d945-4f80-b048-91cc959db0ae","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"5b4f8bab-b328-4da9-90f6-87888b7e677c","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":"ca89033f-ea20-4b2d-97cd-54d78425896c","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"1c1d4241-1b6f-4f32-a971-866ee403ff13","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":"80674879-ce20-493f-9573-4ac48f15da40","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":"b0a74e58-f35b-4de7-a68b-eb8ec7e60280","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":"99cad17a-5441-4131-8d26-54ed3c41b363","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":"d996c756-37b7-4221-b216-6cd075612ac3","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":"ea2ca0f7-eaae-4fb5-947a-b44e081e3d68","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":"6f13bd11-ffba-4566-85d5-095aa9881422","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":"acacb63e-306c-4849-959b-e71fb3d1b6b1","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":"f30623a9-93e5-40d7-aaaf-99e176e49458","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":"ce72e4a3-0840-4852-93f0-69a0d0ba24a8","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"486d460c-afa9-49ed-96d6-c62f4e22713a","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":"85d8bd4a-420c-4e35-bc6a-c4b177c6814f","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":"f825efe4-c3e2-42fe-9615-ef4775a81570","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":"8bad71d4-029b-4069-a718-a0839ef7f621","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":"4bef1772-7716-44ce-95cc-65396515b570","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":"ff818842-9d8e-4183-8e4f-5ceed81b2986","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":"f2b2cfa0-417e-456b-8f2f-28584cc87b16","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":"4631a092-0647-4a11-9d3d-14ce74ff55ee","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":"6aa28ab0-5615-4542-8fa9-2dc35df0aafc","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":"08c3c0cb-d69c-4564-ac5d-75f9a230c2b7","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":"ad93dba3-0006-4b4e-9bfb-3ff6845876d5","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":"5a3398d9-e09f-4773-98cf-6e666f24574e","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":"484b0ee0-eb9e-47f8-88fc-625a8b6cf813","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":"7cd66484-892b-49e5-a131-08429f52ec9d","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":"4dc723f9-e11c-4f82-a2c2-51bc82729624","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":"6223398a-f338-42e4-a89e-1443526aac41","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":"6b6e98ce-5383-4594-b1cf-3aa3957d4b00","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"20ab8d93-7e1a-4a82-ad8a-a047c6c744bd","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":"7f1eae51-e8af-42af-89fd-eb1699c2e702","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":"a4348ee7-8719-491a-925a-037f8dd0fb60","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":"793d6e18-a3b9-413b-8b1a-24271e22f9c6","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"1ac84d4b-055d-40c2-a9a0-5c260d012360","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"b1803ad6-4f83-4cd3-af47-3fe801db41b2","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"650a9034-fb34-4745-8de1-ac0c1a28d199","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"4c7c9f4d-ea02-41b1-89fd-b75b35fd437b","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"00b3f729-2e35-4b52-9ee3-95eb9ac4fc00","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"cb1f95b0-c634-441a-8d77-f85cfe665d01","block_type":"box","text":"Report ID: 5592747.1","page_number":4,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"08d012ea-5049-4304-8c98-ecc50d88ebb6","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"512e9f25-0e2e-4b64-b6c8-c428699760d3","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"97e110cb-b121-4f94-8524-85c6d4a71f5f","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"edf51a33-a756-4000-98be-41f8c6fb94df","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"9e923346-67d7-45ad-a268-835cc3f0270a","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"f08d485a-9377-43d5-993e-bef0b7e72026","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"c938671f-7ef4-4f11-aed9-d4cd57459996","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"45f2ee80-ca26-4421-abba-c58f04c7458b","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":"2614223c-6eba-4a9e-86f9-87c3ce5cbeb5"},"user_id":1000002,"date_created":"2026-10-05T20:47:34.819000Z","date_modified":"2026-10-05T20:47:34.819000Z","private":false}