open/document-extraction
View Schema
This view of the annotation often reflects the precision of the extraction model or annotator, as well as the complexity of the document.
1
Information Classification: General
State Street Eurozone Value Spotlight Fund
Website disclosure for an Article 8 fund
A. Summary
The investment policy of the State Street Eurozone Value Spotlight Fund (“ Fund ”) is to invest actively using the Investment Manager’s Fund amental Value Equity Strategy while screening out securities based on an assessment of their adherence to certain sustainable investing criteria i.e. international norms in relation to environmental and social protection.
The Fund promotes environmental or so cial characteristics and while it does not have as its objective a sustainable investment, it will seek to invest a minimum of 25% of its portfolio in sustainable investments under article 2(17) of SFDR using t he Investment Manager’s proprietary assessment methodology.
The environmental and social characteristics promoted by the Fund are negative and norms-based screens applied to the portfolio of the Fund to scr een out securities based on an assessment of their adherence to sustainable investing criteria, i.e. in ternational norms in relation to environmental and social protection. In addition, the Fund promotes environmental characteristics through investments in companies which exhibit lower carbon emissi ons than the Index as measured using Weighted Average Carbon Intensity (“ WACI ”).
The Investment Manager, on behalf of the Fund, will invest actively using the Fundamental Value Equity Strategy as further described in section 8.1 of the Prospectus and the Relevant Supplement. This strategy uses a proprietar y fundamentally driven and bottom up research process to identify companies with a dislocation between the intrinsic value of the company and the price of its equity security.
The Investment Manager employs a binding sustainable investing methodology which aims to build a portfolio where at least 90% of the Fund’s assets are invested in securities which are aligned with environmental and social characteri stics promoted by the Fund. The remaining portion (<10%) of the portfolio will not be aligned with the promot ed environmental and social characteristics.
The Fund does not commit to making sustainable investments within the meaning of the Taxonomy Regulation.
The attainment of the environmental characte ristics is measured through achieving a higher exposure of the Fund’s portfolio to companies such that the Fund’s overall portfolio exhibits lower carbon emissions (relative to the MSCI EMU Index (the “ Index ”)) as measured using WACI. A further attainment of the environmental and social characteristics promoted by the Fund is measured through the % of the portfolio invested in securi ties that are included in the negative and norms based screen.
Page 2
2
Information Classification: General
In order to attain the environmental and social char acteristics promoted by the Fund, the Investment Manager implements the Fundam ental Value Equity Strategy to build a concentrated portfolio of 3040 securities for the Fund while evaluating an inve stee company’s carbon emissions. In addition, a negative and norms based screen is applied to the por tfolio of the Fund to screen out the following exclusion criteria: • Controversial Weapons • UNGC Violations • Thermal Coal • Arctic Drilling • Oil Sands • Severe ESG Controversies • Civilian Firearms • Tobacco
The Fund uses the following data sources: 1. ISS for WACI Metric 2. MSCI and Sustainalytics for negative sustainable investing screens
State Street Investment Managem ent implements an ongoing due dili gence process in relation to sustainable investing data providers resulting in regular data quality reports and may engage with the relevant data providers in relation to any data issues identified by the State Street Investment Management teams.
Sustainable investing data may be based on certain assumptions, forecasts, projections, views and opinions which may be based on current market tr ends or anticipated future events. Given the developing and innovative nature of data models, methodologies and assumptions and the inherent uncertainty in predicting forw ard-looking events, it cannot be guaranteed that the sustainable investing data is always accurate or correct or that the sustainable investing data will satisfy the aims or requirements of any specific client or inve stor. Furthermore, there may be data that cannot be sourced due to the lack of availability of data so urces. For certain markets and types of companies or securities there may be significant limitations in t he amount of screening data that is available or no screening data may be available such that no screeni ng is performed. In certain situations where screening data is not available for a company or a se curity, the screen provider r may, as a proxy, use data relating to a different entity to the company, which presents a risk this data may not accurately reflect the sustainability or other characteristics of the relevant company.
Engagement policies are not directly embedded into t he Fund’s investment strategy. Proxy voting and engagement activities are conducted pursuant to the terms of the Sustainability Stewardship Service Proxy Voting and Engagement Policy.
For further information and details please refer to the relevant sections below, the Prospectus and Relevant Supplement.
Page 3
3
Information Classification: General
B. No sustainable investment objective
The Fund promotes environmental or so cial characteristics and while it does not have as its objective a sustainable investment, it will seek to invest a minimum of 25% of its portfolio in sustainable investments under article 2(17) of SFDR using t he Investment Manager’s proprietary assessment methodology.
The Investment Manager applies a negative and nor ms-based screen to the Fund to screen out securities based on an assessment of their adheren ce to sustainable investing criteria including securities of companies identif ied as being non-compliant with UNGC Principles (relating to environmental protection, human rights, labour standards, anti-corruption), and securities of companies associated with Severe ESG Controvers ies, controversial weapons, civilian firearms, thermal coal, arctic oil & gas exploration, oil s ands extraction and tobacco. By applying the relevant negative and norms-based screen, the Invest ment Manager deems the Fund’s sustainable investments not to cause significant harm to any environmental or social sustainable investment objective.
The Fund considers princi pal adverse impacts (“ PAI ”) on sustainability factors by applying the negative and norms-based sustainable investing screen prior to the construction of the portfolio. Specifically, the Fund considers:
• Exposure to companies active in the fossil fuel sector • Violations of UN Gl obal Compact Principles • Exposure to controversial weapons.
The Fund excludes companies that the Investment Manager has deemed to viol ate UNGC principles as part of the negative screening utilised by the Fund. The OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Busines s and Human Rights are considered as part of the UNGC principles assessment.
C. Environmental or social characteristics of the financial product
The environmental and social characteristics promoted by the Fund are negative and norms-based screens applied to the portfolio of the Fund to scr een out securities based on an assessment of their adherence to sustainable investing criteria, i.e. in ternational norms in relation to environmental and social protection. Specifically, the Fund promotes environmental characteristics through exclusion of investments in companies which violate UNGC principl es relating to environment (Principles 7 to 9) and which are active in thermal coal, arctic oi l & gas exploration, and oil sands extraction.
The Fund also promotes social characteristics th rough exclusion of investments in companies which violate UNGC Principles relating to human rights (P rinciples 1 and 2), labour standards (Principles 3 to 6), anti-corruption (Principle 10) and companies associated with controversial weapons, civilian firearms and tobacco. The UNGC Princi ples is the world largest cor porate sustainability initiative
Page 4
4
Information Classification: General
aimed at companies to align their strategies and operations with uni versal principles on human rights, labour, environment and anti-corruption, and ta ke actions that advance societal goals.
The Fund may use additional negative sustainable invest ing screens from time to time in order to exclude securities based on their involvement with an activity that is deemed non-compliant with one or more of such sustainable investing criteria.
The Fund further promotes environment al and social characteristics through its allocation of a portion of the portfolio to sustainable investments. In order for the security to qualify as a sustainable investment, it must be classified as a “Leader” or “Outperformer” as determined by the Investment Manager using the sustainability score generated by its proprietary process.
In addition, the Fund promotes environmental char acteristics through investments in companies which exhibit lower carbon emissions t han the Index as measured using WACI.
No reference benchmark has been designated to attain the environmental and social characteristics promoted by the Fund.
For further details of the exclusions applied by the Investment Manager at any time please refer to Section G below.
D. Investment Strategy
The Investment Manager, on behalf of the Fund, will invest actively using the Fundamental Value Equity Strategy as further described in section 8.1 of the Prospectus and the Relevant Supplement. This strategy uses a proprietar y fundamentally driven and bottom up research process to identify companies with a dislocation between the intrinsic value of the company and the price of its equity security.
In implementing this strategy, the Investment Manager builds a concentrated portfolio of 30-40 securities. The securities in the Fund are selected without taking into account the securities in the Index and the Investment Manager applies the n egative and norms-based sustainable investing screen prior to the construction of the portfolio of the Fund and on an ongoing basis.
Application of the negative sustainable investing scr eens results in the exclusion of any securities from the portfolio based on an assessment of their adh erence to sustainable investing criteria defined by the Investment Manager. The F und will screen out securities identified as being non-compliant with UNGC Principles relating to environmental pr otection, human rights, labour standards and anti corruption, as well as companies associated with Severe ESG Controversies, controversial weapons, civilian firearms and tobacco. The Fund may us e additional sustainable investing screening techniques from time to time in order to exclude se curities based on their involvement with an activity that is deemed non-compliant with one or more of such sustainable investing criteria referred to in the previous sentence.
The assessment of good governance practices is im plemented by the Investment Manager through the assessment of potential investments when impl ementing the Fundamental Value Equity strategy.
Page 5
5
Information Classification: General
The Investment Manager deploys a proprietary gov ernance assessment framework that includes a governance scorecard and a qualitative assessment. T he framework considers factors such as board independence, diversity and experience as well as the configuration of executive compensation and accounting and tax compliance. The assessme nt of good governance practices is further implemented through the negative screening utilis ed by the Fund. Companies deemed by the Investment Manager to not violate UNGC principles are considered to exhibit good governance. The Investment Manager will only invest in compani es that they deem to follow good governance practices.
E. Proportion of investments
The Investment Manager employs a binding sustainable investing methodology which aims to build a portfolio where at least 90% of the Fund’s assets are invested in securities which are aligned with environmental and social characteri stics promoted by the Fund. It is intended that, within such portion of the portfolio, at least 25% of the Fund’s assets are invested in securities which are sustainable investments with environmental and / or social objectives. The remaining portion (<10%) of the portfolio will not be aligned with the promot ed environmental and social characteristics.
To the extent that the Fund may use financial derivati ve instruments, these will not be used to attain the environmental or social char acteristics promoted by the Fund.
The Fund does not commit to making sustainable investments within the meaning of the Taxonomy Regulation.
F. Monitoring of environmenta l or social characteristics
The attainment of the environmental characte ristics is measured through achieving a higher exposure of the Fund’s portfolio to companies such that the Fund’s overall portfolio exhibits lower carbon emissions (relative to the In dex) as measured using WACI.
A further attainment of the environmental charac teristics promoted by the Fund is measured through:
• % of the portfolio invested in securities that are included in the negative and norms based screen specifically related to environmental characteristics, namely companies violating UNGC Principles in regards to the environment and which are active in thermal coal, arctic oil & gas exploration, and oil sands extraction
The attainment of the social characteristi cs promoted by the Fund is measured through:
• % of the portfolio invested in securities that are included in the negative and norms based screen specifically related to social charac teristics, namely com panies violating UNGC Principles and companies associated with c ontroversial weapons, civilian firearms and tobacco.
Page 6
6
Information Classification: General
The environmental and social characteristics are embedded in the investment policy of the Fund and the associated sustainability indicators are m onitored by the Investment Manager through its investment oversight program including pre- and post-trade co mpliance monitoring for negative sustainable investing screens and regular reviews by a sub-committee of the Investment Manager.
G. Methodologies
The investment policy of the Fund is to invest actively sing the Investment Manager’s Fundamental Value Equity Strategy while screening out secu rities based on an assessment of their adherence to certain ESG criteria, i.e. international norms in relation to environmental and social protection.
Negative Sustainable Investing Screens
The negative sustainable investing screens applied to the Fund include the following: 1. Controversial Weapons 2. UNGC Violations 3. Thermal Coal 4. Arctic Drilling 5. Oil Sands 6. Severe ESG Controversies 7. Civilian Firearms 8. Tobacco
Further details on the methodologies used for t he negative sustainable investing screens is as follows:
1. Controversial Weapons: The following types of weapons are covered by State Street Investment Management’s screen:
• Cluster munitions • Antipersonnel mines and land mines • Biological and chemical weapons • Nuclear Weapons • Depleted Uranium • Incendiary weapons and white phosphorus • Blinding laser weapons • Non-detectable fragments
Indicator Definition Controversial weapons noted above for which: There is evidence of activity The weapon is a core weapon system or a core weapon activity The product has a dedicated scope
The company is involved in the core weapon system, or components/ services of the core weapon system that are considered tailor-made and essential for the lethal use of the weapon.
Page 7
7
Information Classification: General
The scope is key to the production of the weapon Any controversial weapon for a subsidiary that the company has >= 50% ownership of
The company is involved, through corporate ownership, in the core weapon system, or componen ts/services of the co re weapon system that are considered tailor-made and essential for the lethal use of the weapon. Cluster Munitions Manufacturer = True
Companies that produce cluster munitions whole weapons systems, intended-use components, dual-use components, or delivery platforms. Land mines Manufacturer = True
Companies that produce whole weapons systems or essential intended or dual-use components for anti-personnel landmines and anti-vehicle landmines. Nuclear Weapons Manufacturer Maximum Revenue Percentage >= 10%
The company's reported revenue (or, where not disclosed, maximum estimated revenue) from nuclear weapons, intended and dual-use components for such products, delivery platforms capable of deploying nuclear weapons, essential components for such delivery platforms, and support services for such products as a percentage of total revenue in its most recently completed fiscal year. Depleted Uranium Manufacturer = True
Companies involved in the production of depleted uranium weapons, ammunition and armour. Incendiary Weapons (White Phosphorous) = True
Companies that produce incendiary weapons using white phosphorus.
Biological/Chemical Weapons Maximum Revenue Percentage >= 10%
The company’s reported revenue (or, where not disclosed, maximum estimated revenue) from the production of biological and chemical weapons and components for such products as a percentage of total revenue in its most recently completed fiscal year. Blinding laser weapons = True Companies that produce blinding laser weapons, that cause permanent blindness t o the target. Non-detectable fragments = True
Companies that produce weapons that use non-detectable fragments.
2. UNGC Principles: The UNGC is the world’s largest corporate sustainability initiative. It sets forth 10 responsible business principles for companies to follow. Companies who are in violation of the UNGC Principles are screened.
Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2: They should make sure that they are not complicit in human rights abuses.
Labour
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Principle 4: They should promote the elimination of all form s of forced and compulsory labour.
Principle 5: They should endorse the effective abolition of child labour.
Page 8
8
Information Classification: General
Principle 6: They should support the elimination of di scrimination in respect of employment and occupation.
Environment
Principle 7: Businesses should support a precau tionary approach to environmental challenges.
Principle 8: They should undertake initiatives to prom ote greater environmental responsibility.
Principle 9: They should encourage the development and diffusion of environmentally friendly technologies.
Anti-Corruption
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
Indicator Definition Global compact principles breached = Noncompliant
A company is assessed as Noncompliant when it is found to be responsible for egregious and severe violations of commonly accepted international norms related to human rights, labor rights, the environment and business ethics. In other words, a company is assessed as Noncompliant when it does not act in accordance with the UN Global Compact Principles and its associated standards, conventions and treaties. The data provider also assesses companies that facilitate third parties in huma n rights violations due to their involvement in weapons with disproportional and/or nondiscriminatory impact on citizens and society as Noncompliant (with Principle 2 of the UN Global Compact). However, this assessment is limited to companies involved in the production and development of antipersonnel mines, cluster munitions, and chemical and biological weapons, or producers of nuclear weapons who support their proliferation outside of the five designated nuclear states or who violate UN sanctions/ International Atomic Energy Agency rules.
3. Thermal Coal: Companies involved in the extraction or r power generation of thermal coal are excluded.
Indicator Definition Thermal Coal Extraction >=10% The company derives revenue from thermal coal extraction Thermal Coal Power Generation >=10%
The company derives revenue from generating electricity from thermal coal.
4. Arctic Drilling: Companies involved in oil and gas exploratio n in the Arctic regions are excluded.
Indicator Definition Arctic Oil and Gas Exploration, level of involvement >=10%
The company derives revenue from oil and gas exploration and extraction in the Arctic.
5. Oil Sands: Companies for whom a meaningful portion of their average daily production comes from oil sands are excluded.
Page 9
9
Information Classification: General
Indicator Definition Oil Sands Extraction, level of involvement >=10%
The company derives revenue from the extraction of oil sands.
6. Severe ESG Controversies: Companies involved in incidents/events that may pose business or reputational risk due to the potential impact on stakeholders, the environment, or the company’s operations are excluded.
Indicator Definition Category 5 — Severe Controversies
The event has a severe impact on the environment and society, posing serious business risks to the company. This category represents exceptionally egregious corporate behavior, high frequency of recurrence of incidents, very poor management of sustainability-relate d risks, and a demonstrat ed lack of willingness by the company to address such risks.
7. Civilian Firearms : Companies involved in the manufacturi ng and/or retailing of small arms and associated ammunition/components for civilian use are excluded.
Indicator Definition Small Arms, Civilian Customers, Assault Weapons, level of involvement >=10%
The company derives revenue from manufacturing and selling small arms to civilian customers.
Manufacture of key components, level of involvement >=10%
The company derives revenue from manufacturing and selling key components of small arms. Small Arms, Retail and Distribution of Assault Weapons, level of involvement >=10%
The company derives revenue from retailing and/or distribution of small arms.
Firearms Production Maximum Revenue >=10%
The company’s reported revenue (or, where not disclosed, maximum estimated revenue) from the production of firearms and small-arms ammunition intended for civilian markets as a percentage of total revenue in its most recently completed fiscal year. Firearms Retailer Maximum Revenue >=10%
The company’s reported revenue (or, where not disclosed, maximum estimated revenue) from the wholesale or retail distribution of firearms or small-arms ammunition intended for civilian use as a percentage of total revenue in its most recently completed fiscal year.
8. Tobacco : Companies that are involved in the production, manufacturing, retailing and/or distribution of tobacco and tobacco-related produ cts/services (including vaping, pipes and other related products) are excluded.
Indicator Definition Tobacco Production, Level of Involvement >=10%
The company derives revenue from the production of tobacco and tobacco-related products. Tobacco Production Maximum Revenue Percentage >= 10%
The company derives revenue from the distribution and/or retail sale of tobacco products. Tobacco products related products/services, level of involvement >= 25%
The company supplies tobacco-related products/services.
Page 10
10
Information Classification: General
Tobacco production maximum revenue >= 10%
The company’s reported revenue (or, where not disclosed, maximum estimated revenue)from the production of tobacco products as a percentage of total revenue in its most recently completed fiscal year. Tobacco products include nicotine containing products, including traditional and alternative tobacco smoking products. Tobacco retailer maximum revenue >= 25%
The company’s reported revenue (or, where not disclosed, maximum estimated revenue) from the retail of tobacco products as a percentage of total revenue in its most recently completed fiscal year. Tobacco products include nicotine-containing products, including traditional and alternative tobacco smoking products. Tobacco distributor maximum revenue >= 25%
The company’s reported revenue (or, where not disclosed, maximum estimated revenue) from the distribution of tobacco products as a percentage of total revenue in its most recently completed fiscal year. Tobacco products include nicotine containing products, including traditional and alternative tobacco smoking products.
The exclusion list generated by the negative sustai nable investing screening process is updated once per quarter.
The negative sustainable investing screen methodol ogy and screening criteria applied to the Fund are subject to State Street Investment Management ’s governance approval process.
H. Data sources and processing
The Fund utilises the following data sources: • ISS for WACI metric
The Fund utilises the following data sources to de rive the negative sustainable investing screens:
Controversial Weapons State Street Investment Management receives universe-level data from two data providers: Sustainalytics and MSCI. A screen is then applied to the data to generate lists from each data provider of excluded securities for th is category. State Street Investment Management determines the parameters that define the screen which are then approved by the firm’s Global Product & Investment Committee (“ GPIC ”). Companies are excluded if they appear on either or both of the lists from the two data providers.
UNGC Violations Data is sourced from Sustainalytics. A screen is then applied to the data to generate a list of excluded securities for this category. State Street Investment Management determines the parameters that define the scree n which are then approved by the firm’s GPIC.
Thermal Coal Data is sourced from Sustai nalytics. A screen is then applied to the data to generate a list of excluded securities for this category. State Street Investment Management determines the parameters that define the screen which ar e then approved by the firm’s GPIC.
Page 11
11
Information Classification: General
Arctic Drilling Data is sourced from Sustainalytics. A sc reen is then applied to the data to generate a list of excluded securities for this category. State Street Investment Management determines the parameters that define the screen which ar e then approved by the firm’s GPIC.
Oil Sands Data is sourced from Sustainalytics. A scr een is then applied to the data to generate a list of excluded securities for this category. Stat e Street Investment Management determines the parameters that define the screen which are then approved by the firm’s GPIC.
Severe ESG Controversies Data is sourced from Sustainalytics. A screen is then applied to the data to generate a list of excluded securities for this category. State Street Investment Management determines the parameters that define the scree n which are then approved by the firm’s GPIC.
Civilian Firearms State Street Investment Management rece ives universe-level data from two data providers: Sustainalytics and MSCI. A screen is then applied to the data to generate lists from each data provider of excluded securities for this category. State Street Investment Management determines the parameters that define the scree n which are then approved by the firm’s GPIC. Companies are excluded if they appear on either or r both of the lists from the two data providers.
Tobacco State Street Investment Management receives universe-level data from two data providers: Sustainalytics and MSCI. A screen is then appli ed to the data to generate lists from each data provider of excluded securities for this category. State Street Investment Management determines the parameters that define the screen which are then approved by the firm’s GPIC. Companies are excluded if they appear on either or both of f the lists from the two data providers.
State Street Investment Management receives sust ainable investing data from a wide variety of data providers covering various themes including, bu t not limited to, climate, controversies and governance and leverages multisource data architec ture for the analysis and dissemination of sustainable investing data.
State Street Investment Management implements an ongoing due diligence process in relation to ESG data providers resulting in regular data quality repo rts. Such process tracks correlation and coverage dimensions of key sustainable investing and climat e metrics and scores between a selection of data providers over time for the covered universe. State Street Investment Management may engage with the relevant data providers in relation to any data issues identified by the State Street Investment Management teams.
I. Limitations to methodologies and data
Sustainable Investing data may be based on certain assumptions, forecasts, projections, views and opinions which may be based on current market tr ends or anticipated future events. To assess company involvement in different activities and to es timate revenue shares as accurately as possible, data providers strive to obtain information dire ctly from companies and issuers. Sources of data include annual reports, regulatory filings, sustai nability reports, pres s releases, investor presentations, company websites, and other company disclosures. Given the developing and innovative nature of data models, methodologies and assumptions and the inherent uncertainty in
Page 12
12
Information Classification: General
predicting forward-looking events, it cannot be guaranteed that the sustainable investing data is always accurate or correct or that the sustainable investing data will satisfy fy the aims or requirements of any specific client or investor. Furthermore , there may be data that cannot be sourced due to the lack of availability of data sources. For certain markets and types of issuers, companies or securities there may be significant limitations in the amount of sustainable investing data that is available or no sustainable investing data may be available such that no screening is performed. In certain situations where screening data is not available for an issuer , an investee company or a security, the screen provider may, as a proxy, use data relating to a diffe rent entity to the issuer or the investee company, which presents a risk this data may not accurately re flect the sustainability or other characteristics of the issuer or the investee company. In certain si tuations, even where screening data is available it may not be used as part of the screen provider’s screening process. It is not expected that such limitations would affect how the environmental and social characteristics promoted by the Fund are met given that sustainable investing data for Euroz one large and midcap equities is widely available.
J. Due diligence
The Investment Manager, on behalf of the Fund, will invest actively using the Fundamental Value Equity Strategy as further described in section 8.1 of the Prospectus and the Relevant Supplement.
This strategy uses a proprietar y fundamentally driven and bottom up research process to identify companies with a dislocation between the intrinsic value of the company and the price of its equity security. The Investment Manager employs a negative and norms-based screen prior to the construction of the portfolio and on an on g oin g basis.
K. Engagement policies
Is engagement part of the environm ental or social investment strategy?
☐ Yes
☒ No
While engagement policies are not directly embedded into the Fund’s investment strategy, proxy voting and engagement activities in respect of securi ties held by the Fund are conducted pursuant to the terms of the Sustainabili ty Stewardship Service Proxy Voting and Engagement Policy (the “ Sustainability Policy ”). The Sustainability Policy focuses on risks and opportunities that may impact long-term value creation, wi th a focus on sustainability priorities such as climate change, nature, human rights and diversity.
Page 13
13
Information Classification: General
L. Reference benchmark
Has a reference benchmark been designated fo r the purpose of attaining these characteristics promoted by the Fund?
☐ Yes ☒ No
The MSCI EMU Index is a trademark of MSCI Inc.
Truncated: This annotation is too large to fit.
View the raw JSON.
{
"annotation_id": "4a841998-27aa-4fd6-8854-0d5a72545fbc",
"date_created": "2026-10-05T20:46:59.298000Z",
"date_modified": "2026-10-05T20:46:59.298000Z",
"file_hash": "1e59fe01603c542653d408bb5895a921519678caa3c00839693411f026c50e60",
"private": false,
"record": {
"attributes": {
"chunk_type": "page_range",
"end_page": 13,
"start_page": 1
},
"blocks": [
{
"block_type": "box",
"box": {
"height": 8,
"width": 11,
"x": 480,
"y": 930
},
"id": "fb27a37d-b807-416c-987d-c433fcb08c21",
"page_number": 1,
"text": "1"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 214,
"x": 74,
"y": 969
},
"id": "8cb54229-8bfa-4173-83b4-0957fa75fa7f",
"page_number": 1,
"text": "Information Classification: General"
},
{
"block_type": "box",
"box": {
"height": 22,
"width": 643,
"x": 117,
"y": 117
},
"id": "c1e331de-540c-4438-90f8-681c34e65ef6",
"page_number": 1,
"text": "State Street Eurozone Value Spotlight Fund"
},
{
"block_type": "box",
"box": {
"height": 18,
"width": 587,
"x": 116,
"y": 146
},
"id": "0d69d9ae-6451-4e4e-9c39-b55df8648248",
"page_number": 1,
"text": "Website disclosure for an Article 8 fund"
},
{
"block_type": "box",
"box": {
"height": 14,
"width": 144,
"x": 268,
"y": 222
},
"id": "08b72869-73ca-422b-8447-41cbb0070dad",
"page_number": 1,
"text": "A. Summary"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 559,
"x": 116,
"y": 280
},
"id": "94afa0a1-5e3d-4960-b1f2-dc40cb5e9e0e",
"page_number": 1,
"text": "The investment policy of the State Street Eurozone Value Spotlight Fund (\u201c"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 38,
"x": 677,
"y": 280
},
"id": "439330a2-99cc-4fe3-a965-0fa763335eb1",
"page_number": 1,
"text": "Fund"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 161,
"x": 717,
"y": 280
},
"id": "1980eb1a-9a26-4134-a192-d3dd6d41e5c2",
"page_number": 1,
"text": "\u201d) is to invest actively"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 281,
"x": 117,
"y": 296
},
"id": "193d36e6-552d-4b40-9f48-a760737cd7f5",
"page_number": 1,
"text": "using the Investment Manager\u2019s Fund"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 231,
"x": 400,
"y": 296
},
"id": "c86fd20d-af53-4fb0-8427-f50744a0da7d",
"page_number": 1,
"text": "amental Value Equity Strategy"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 226,
"x": 631,
"y": 296
},
"id": "ffa79bbe-ae7e-48e1-ba41-599e722f1555",
"page_number": 1,
"text": "while screening out securities"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 407,
"x": 117,
"y": 312
},
"id": "a3b1bb0b-c23d-4a89-9086-365f3b702d0f",
"page_number": 1,
"text": "based on an assessment of their adherence to certain"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 340,
"x": 525,
"y": 313
},
"id": "db1cc2ac-20a4-4df0-a864-b15771c87e04",
"page_number": 1,
"text": "sustainable investing criteria i.e. international"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 423,
"x": 117,
"y": 329
},
"id": "3ea25c4a-8ec4-41e8-b227-aafa03b0fce2",
"page_number": 1,
"text": "norms in relation to environmental and social protection."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 301,
"x": 116,
"y": 361
},
"id": "0f5c4de4-9211-4296-ac69-c739f4c33918",
"page_number": 1,
"text": "The Fund promotes environmental or so"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 227,
"x": 419,
"y": 361
},
"id": "ddad9449-3c40-4c66-9ee8-bae5f50b698a",
"page_number": 1,
"text": "cial characteristics and while it"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 233,
"x": 646,
"y": 361
},
"id": "5bf3c6ff-ae4d-4523-9037-0116be5ec106",
"page_number": 1,
"text": "does not have as its objective"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 365,
"x": 117,
"y": 377
},
"id": "fb177d3c-c13b-4379-9534-b0ef8773a15e",
"page_number": 1,
"text": "a sustainable investment, it will seek to invest"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 397,
"x": 482,
"y": 377
},
"id": "f47113b7-f1b8-49f3-8dfe-04890ddf5578",
"page_number": 1,
"text": "a minimum of 25% of its portfolio in sustainable"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 375,
"x": 117,
"y": 393
},
"id": "9e34dcf5-2015-4de6-86bf-abd966c5c6e4",
"page_number": 1,
"text": "investments under article 2(17) of SFDR using t"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 386,
"x": 493,
"y": 394
},
"id": "0a43fe90-f315-4c8c-af0c-b71c8e0edd7e",
"page_number": 1,
"text": "he Investment Manager\u2019s proprietary assessment"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 105,
"x": 117,
"y": 410
},
"id": "2ee9a92e-fc1b-476e-acc3-830d1d722947",
"page_number": 1,
"text": "methodology."
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 339,
"x": 116,
"y": 442
},
"id": "745c88c7-f84f-4e12-a0b8-7a5a21135829",
"page_number": 1,
"text": "The environmental and social characteristics"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 403,
"x": 456,
"y": 442
},
"id": "e858752b-2d9f-4e7f-a0be-e5fa15479d1d",
"page_number": 1,
"text": "promoted by the Fund are negative and norms-based"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 366,
"x": 117,
"y": 458
},
"id": "97c12e1e-a4dd-47c5-845f-5e15408df189",
"page_number": 1,
"text": "screens applied to the portfolio of the Fund to scr"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 386,
"x": 483,
"y": 458
},
"id": "80b1d79a-3dd1-4cd7-896e-9a3092910371",
"page_number": 1,
"text": "een out securities based on an assessment of their"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 363,
"x": 117,
"y": 475
},
"id": "2cc90807-2dc5-41ef-b8d0-9d35926305a6",
"page_number": 1,
"text": "adherence to sustainable investing criteria, i.e. in"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 376,
"x": 482,
"y": 475
},
"id": "3f618144-5373-4075-ba9e-4ea388aecdd2",
"page_number": 1,
"text": "ternational norms in relation to environmental and"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 359,
"x": 117,
"y": 491
},
"id": "3402f563-1df9-4af9-a285-b8018901ffaa",
"page_number": 1,
"text": "social protection. In addition, the Fund promotes"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 385,
"x": 477,
"y": 491
},
"id": "47b5733c-b613-4814-ae4f-1920106ddb95",
"page_number": 1,
"text": "environmental characteristics through investments"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 353,
"x": 117,
"y": 507
},
"id": "5e8d1d73-cd91-447a-8450-cdf5bac632a6",
"page_number": 1,
"text": "in companies which exhibit lower carbon emissi"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 367,
"x": 472,
"y": 507
},
"id": "972f4e3b-44ec-416d-8776-fd36088451e0",
"page_number": 1,
"text": "ons than the Index as measured using Weighted"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 206,
"x": 116,
"y": 523
},
"id": "9582fe8f-2ab6-4cd4-9134-b222a64346a6",
"page_number": 1,
"text": "Average Carbon Intensity (\u201c"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 44,
"x": 323,
"y": 523
},
"id": "6d80d6e8-25cd-4de4-81f9-eac33ec5c4df",
"page_number": 1,
"text": "WACI"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 20,
"x": 368,
"y": 523
},
"id": "c68cc9eb-6258-458c-82f6-d1f34094af21",
"page_number": 1,
"text": "\u201d)."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 395,
"x": 116,
"y": 556
},
"id": "f8c81ec9-85eb-4221-b701-e27e7ceb6628",
"page_number": 1,
"text": "The Investment Manager, on behalf of the Fund, will"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 333,
"x": 512,
"y": 556
},
"id": "2d6f8585-cf14-4a4b-a13d-ca2908b1fd0e",
"page_number": 1,
"text": "invest actively using the Fundamental Value"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 349,
"x": 117,
"y": 572
},
"id": "2a72ceb9-856d-4be0-b836-82cc0239e861",
"page_number": 1,
"text": "Equity Strategy as further described in section"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 395,
"x": 467,
"y": 572
},
"id": "9e2c596d-99e0-4ea1-9f47-cfd21e975063",
"page_number": 1,
"text": "8.1 of the Prospectus and the Relevant Supplement."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 229,
"x": 116,
"y": 588
},
"id": "67f8b16e-3ead-49ea-9a9d-54b8682126a2",
"page_number": 1,
"text": "This strategy uses a proprietar"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 263,
"x": 345,
"y": 588
},
"id": "eb4e3a15-2bd0-4ff3-9378-bb382dc3130f",
"page_number": 1,
"text": "y fundamentally driven and bottom"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 234,
"x": 609,
"y": 588
},
"id": "9d810448-fef0-4dee-ad3b-43856b295bf7",
"page_number": 1,
"text": "up research process to identify"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 378,
"x": 117,
"y": 604
},
"id": "8383fff2-3695-4eb2-a193-d65cfcd312cd",
"page_number": 1,
"text": "companies with a dislocation between the intrinsic"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 358,
"x": 495,
"y": 604
},
"id": "ab522fdc-081d-44f1-9c41-1937df8c1eab",
"page_number": 1,
"text": "value of the company and the price of its equity"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 67,
"x": 117,
"y": 621
},
"id": "0ef2fedf-a113-42a8-b285-009adfbbb314",
"page_number": 1,
"text": "security."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 275,
"x": 116,
"y": 653
},
"id": "f4932ee7-7914-460b-a67b-d0cef5972999",
"page_number": 1,
"text": "The Investment Manager employs a"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 483,
"x": 392,
"y": 653
},
"id": "61dd6dfa-6963-4594-8979-eddc1e245ed3",
"page_number": 1,
"text": "binding sustainable investing methodology which aims to build a"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 368,
"x": 117,
"y": 669
},
"id": "29d86cff-011a-450b-a5d1-3d6c34c7e3ae",
"page_number": 1,
"text": "portfolio where at least 90% of the Fund\u2019s assets"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 361,
"x": 486,
"y": 669
},
"id": "4a64183c-a431-4a13-a654-0780889b9a4a",
"page_number": 1,
"text": "are invested in securities which are aligned with"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 264,
"x": 117,
"y": 686
},
"id": "2b1153dc-6476-498c-9814-86c12493cf28",
"page_number": 1,
"text": "environmental and social characteri"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 488,
"x": 383,
"y": 685
},
"id": "0475ed1d-eda3-4b64-8569-92d33c9c916a",
"page_number": 1,
"text": "stics promoted by the Fund. The remaining portion (\u003c10%) of the"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 318,
"x": 117,
"y": 702
},
"id": "b2bcdd07-7069-4fb7-8b43-81249a80cbf3",
"page_number": 1,
"text": "portfolio will not be aligned with the promot"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 332,
"x": 436,
"y": 702
},
"id": "9316cb6e-0aa8-4fdc-88fd-8a86d265775f",
"page_number": 1,
"text": "ed environmental and social characteristics."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 745,
"x": 116,
"y": 734
},
"id": "a9a33f28-1edf-4dc5-80cd-169dbd636198",
"page_number": 1,
"text": "The Fund does not commit to making sustainable investments within the meaning of the Taxonomy"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 89,
"x": 117,
"y": 750
},
"id": "25822b42-5120-4527-960b-dafb5f510d38",
"page_number": 1,
"text": "Regulation."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 340,
"x": 116,
"y": 783
},
"id": "650a0066-ab42-41b3-9208-3de7d076ce00",
"page_number": 1,
"text": "The attainment of the environmental characte"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 347,
"x": 458,
"y": 783
},
"id": "ad67ded2-fff1-4ef7-919c-0bb0f355d3ae",
"page_number": 1,
"text": "ristics is measured through achieving a higher"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 380,
"x": 117,
"y": 799
},
"id": "f3494725-2bb8-4f37-8593-dc5c973584f5",
"page_number": 1,
"text": "exposure of the Fund\u2019s portfolio to companies such"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 347,
"x": 499,
"y": 799
},
"id": "9d29eedc-c4bf-47d7-98c1-ecefde2dc712",
"page_number": 1,
"text": "that the Fund\u2019s overall portfolio exhibits lower"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 421,
"x": 117,
"y": 815
},
"id": "38f708e5-eaff-4dba-85ba-3ae9edf6085e",
"page_number": 1,
"text": "carbon emissions (relative to the MSCI EMU Index (the \u201c"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 43,
"x": 540,
"y": 815
},
"id": "b11476c1-f054-4dfb-96f7-077e754dc7ec",
"page_number": 1,
"text": "Index"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 242,
"x": 584,
"y": 815
},
"id": "3ed74d2a-b984-4378-90ed-43ead4fe21ba",
"page_number": 1,
"text": "\u201d)) as measured using WACI. A"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 370,
"x": 116,
"y": 831
},
"id": "70fd92f6-9551-4950-af0b-af22abb99814",
"page_number": 1,
"text": "further attainment of the environmental and social"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 384,
"x": 487,
"y": 831
},
"id": "63cb1c88-6d8c-4cda-ace5-068bf0372e55",
"page_number": 1,
"text": "characteristics promoted by the Fund is measured"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 351,
"x": 116,
"y": 847
},
"id": "cdb94834-9692-4b71-9d04-94afcb007ef3",
"page_number": 1,
"text": "through the % of the portfolio invested in securi"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 360,
"x": 469,
"y": 848
},
"id": "1b801215-3acc-4434-b103-6621aba342bd",
"page_number": 1,
"text": "ties that are included in the negative and norms"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 110,
"x": 117,
"y": 864
},
"id": "a5fe2c1a-6622-4d2a-9c39-8725fab6dc62",
"page_number": 1,
"text": "based screen."
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 11,
"x": 480,
"y": 930
},
"id": "ffafaf7d-de59-464d-b277-665980ac0af7",
"page_number": 2,
"text": "2"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 214,
"x": 74,
"y": 969
},
"id": "82c63ba2-adc2-4c64-91d3-9513693dbb07",
"page_number": 2,
"text": "Information Classification: General"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 379,
"x": 118,
"y": 91
},
"id": "8dadd48b-73c1-4e4a-8fa2-c745a65eef7d",
"page_number": 2,
"text": "In order to attain the environmental and social char"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 370,
"x": 497,
"y": 91
},
"id": "012340ce-ac60-4362-83fb-3b61b32977dc",
"page_number": 2,
"text": "acteristics promoted by the Fund, the Investment"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 251,
"x": 117,
"y": 107
},
"id": "cd880218-4b77-4809-b3eb-60b218cb8b65",
"page_number": 2,
"text": "Manager implements the Fundam"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 226,
"x": 370,
"y": 107
},
"id": "a0a5d4af-7241-4f8f-b26b-2e29293aab92",
"page_number": 2,
"text": "ental Value Equity Strategy to"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 263,
"x": 598,
"y": 107
},
"id": "3b9e9fd4-191d-4069-8f78-e233d1bc68e2",
"page_number": 2,
"text": "build a concentrated portfolio of 30-"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 374,
"x": 116,
"y": 123
},
"id": "4c1f0a1c-2889-482b-b69d-7342611f4e60",
"page_number": 2,
"text": "40 securities for the Fund while evaluating an inve"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 364,
"x": 492,
"y": 123
},
"id": "780a8081-eb65-4dfe-af0d-903854e80393",
"page_number": 2,
"text": "stee company\u2019s carbon emissions. In addition, a"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 406,
"x": 117,
"y": 140
},
"id": "0df0fdd3-aee3-44d8-ab36-b811cd7f1443",
"page_number": 2,
"text": "negative and norms based screen is applied to the por"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 332,
"x": 523,
"y": 140
},
"id": "35ca3d55-e06c-4050-9110-fb0ce8e7014f",
"page_number": 2,
"text": "tfolio of the Fund to screen out the following"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 134,
"x": 117,
"y": 156
},
"id": "9b640621-3125-4e57-a445-cfbf6e4f327a",
"page_number": 2,
"text": "exclusion criteria:"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 6,
"x": 130,
"y": 176
},
"id": "b80a839d-17d0-4bed-baf7-64dffde01fb7",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 179,
"x": 186,
"y": 172
},
"id": "0fea3c9e-9d5d-417c-9e1d-f7ffaf9b13a5",
"page_number": 2,
"text": "Controversial Weapons"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 6,
"x": 130,
"y": 192
},
"id": "e0c4ed81-2f10-430e-9cf2-58bb9283827b",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 131,
"x": 186,
"y": 189
},
"id": "10c2580f-5887-479a-b36a-f725d82e5726",
"page_number": 2,
"text": "UNGC Violations"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 6,
"x": 130,
"y": 209
},
"id": "22c5b6db-6084-492f-9592-24b73da2c2cf",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 106,
"x": 185,
"y": 205
},
"id": "23a80b27-9ef4-4402-8e2c-77aae0153cd2",
"page_number": 2,
"text": "Thermal Coal"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 6,
"x": 130,
"y": 225
},
"id": "f6cd6e79-42f7-435a-956b-ff4252a3f42f",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 103,
"x": 185,
"y": 222
},
"id": "7e0bc120-8c65-4fad-acff-328922f28ce2",
"page_number": 2,
"text": "Arctic Drilling"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 6,
"x": 130,
"y": 242
},
"id": "42b987d2-9791-42a5-95da-ffe7a594fe18",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 77,
"x": 186,
"y": 238
},
"id": "f9bd2453-bb6b-47d1-8c0f-d2ff23e28661",
"page_number": 2,
"text": "Oil Sands"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 6,
"x": 130,
"y": 258
},
"id": "e5b7523d-6580-453f-98b7-bcc4861ed997",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 207,
"x": 185,
"y": 255
},
"id": "83bc84e4-bfd4-456b-aab9-56477a5004ae",
"page_number": 2,
"text": "Severe ESG Controversies"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 6,
"x": 130,
"y": 275
},
"id": "6aa88298-c29b-4c7c-a61b-f972565f936d",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 129,
"x": 186,
"y": 271
},
"id": "8bc09261-dd30-4f1c-b1fd-43186c105c4b",
"page_number": 2,
"text": "Civilian Firearms"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 6,
"x": 130,
"y": 291
},
"id": "63d50bac-1693-4d34-b967-b808ac3e418d",
"page_number": 2,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 69,
"x": 185,
"y": 288
},
"id": "4ea74d7e-126f-4694-8b61-ae2ffabad299",
"page_number": 2,
"text": "Tobacco"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 322,
"x": 116,
"y": 320
},
"id": "c7fbb822-0f4e-4f7a-883e-9d10b0a35363",
"page_number": 2,
"text": "The Fund uses the following data sources:"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 173,
"x": 118,
"y": 337
},
"id": "af80fdde-72a1-48f8-b7cf-b8f5da7d3b6f",
"page_number": 2,
"text": "1. ISS for WACI Metric"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 524,
"x": 117,
"y": 353
},
"id": "92705525-d8ea-4a29-8c8c-068f4e8ad55f",
"page_number": 2,
"text": "2. MSCI and Sustainalytics for negative sustainable investing screens"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 254,
"x": 117,
"y": 385
},
"id": "66c08281-901e-42b2-a012-661ec55171df",
"page_number": 2,
"text": "State Street Investment Managem"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 260,
"x": 373,
"y": 385
},
"id": "9f680d85-4c23-4b48-a9ad-f2c4fd77ccd9",
"page_number": 2,
"text": "ent implements an ongoing due dili"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 210,
"x": 635,
"y": 385
},
"id": "ed4c70b9-0a5f-4c82-9329-1d3c8800b91d",
"page_number": 2,
"text": "gence process in relation to"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 353,
"x": 117,
"y": 402
},
"id": "9b58bfcf-bcdd-49ae-9590-6644299cdd4c",
"page_number": 2,
"text": "sustainable investing data providers resulting in"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 404,
"x": 471,
"y": 402
},
"id": "d1150911-608d-4f52-8ced-c47f876eac4b",
"page_number": 2,
"text": "regular data quality reports and may engage with the"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 699,
"x": 117,
"y": 418
},
"id": "e20baf5e-d082-4ecf-bab9-14f1218af018",
"page_number": 2,
"text": "relevant data providers in relation to any data issues identified by the State Street Investment"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 158,
"x": 117,
"y": 434
},
"id": "85ac9474-7aeb-45cf-93b6-c1bbf1e111f5",
"page_number": 2,
"text": "Management teams."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 391,
"x": 117,
"y": 466
},
"id": "14a09205-7698-4d59-a057-54cfb1b5919f",
"page_number": 2,
"text": "Sustainable investing data may be based on certain"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 352,
"x": 509,
"y": 466
},
"id": "f9b78463-0d90-4ad1-a825-73b145991167",
"page_number": 2,
"text": "assumptions, forecasts, projections, views and"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 373,
"x": 117,
"y": 483
},
"id": "ef2e666d-c1e6-44fb-8625-53ae70d2830b",
"page_number": 2,
"text": "opinions which may be based on current market tr"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 331,
"x": 491,
"y": 482
},
"id": "cb006b2b-0337-4b27-b0af-b11406c1415d",
"page_number": 2,
"text": "ends or anticipated future events. Given the"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 372,
"x": 117,
"y": 499
},
"id": "c029dae2-76b3-4802-adb9-632da2d4a5d5",
"page_number": 2,
"text": "developing and innovative nature of data models,"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 373,
"x": 490,
"y": 499
},
"id": "9bbd8635-cbf9-47b5-b862-a92a03410d63",
"page_number": 2,
"text": "methodologies and assumptions and the inherent"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 214,
"x": 117,
"y": 515
},
"id": "371ab2bf-f11b-40c9-9c92-2728eef26bf5",
"page_number": 2,
"text": "uncertainty in predicting forw"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 215,
"x": 332,
"y": 515
},
"id": "d41bbbca-e731-40c0-bb0d-d347f07b351d",
"page_number": 2,
"text": "ard-looking events, it cannot"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 264,
"x": 549,
"y": 515
},
"id": "4bd73a0a-f65e-4c37-ace2-4e04b27a9780",
"page_number": 2,
"text": "be guaranteed that the sustainable"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 375,
"x": 117,
"y": 531
},
"id": "a90ff43f-ec9c-43af-88ce-f75d8ff3c0b8",
"page_number": 2,
"text": "investing data is always accurate or correct or that"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 382,
"x": 492,
"y": 531
},
"id": "beea2124-44ac-4c06-b032-96b922e4f785",
"page_number": 2,
"text": "the sustainable investing data will satisfy the aims"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 328,
"x": 117,
"y": 547
},
"id": "c86423d8-0848-4d86-b601-4c442475bec3",
"page_number": 2,
"text": "or requirements of any specific client or inve"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 393,
"x": 446,
"y": 547
},
"id": "d7b06a2f-48f1-4241-8ab4-3564cfb84c36",
"page_number": 2,
"text": "stor. Furthermore, there may be data that cannot be"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 354,
"x": 117,
"y": 563
},
"id": "bec14ac4-8183-46d5-980d-1d2d43c17387",
"page_number": 2,
"text": "sourced due to the lack of availability of data so"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 201,
"x": 472,
"y": 564
},
"id": "f4ecf3cd-b13d-40ed-b3a4-c0c6b7c45ca3",
"page_number": 2,
"text": "urces. For certain markets"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 203,
"x": 673,
"y": 563
},
"id": "e0ff47e6-08f5-485d-abbb-40a872f5c565",
"page_number": 2,
"text": "and types of companies or"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 361,
"x": 117,
"y": 580
},
"id": "7c3fe80a-873e-40a4-91c2-ecffa0cab019",
"page_number": 2,
"text": "securities there may be significant limitations in t"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 218,
"x": 479,
"y": 580
},
"id": "4fe26b14-e2d9-4ab5-a7e5-91088c570ac8",
"page_number": 2,
"text": "he amount of screening data"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 164,
"x": 697,
"y": 580
},
"id": "d0bb1e06-1ed8-4197-aee8-64b555ef21ff",
"page_number": 2,
"text": "that is available or no"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 397,
"x": 117,
"y": 596
},
"id": "8e1d31e2-e20b-4303-ac92-5f0d512a65cb",
"page_number": 2,
"text": "screening data may be available such that no screeni"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 327,
"x": 516,
"y": 596
},
"id": "da9b0717-1ef8-4f67-b7ce-6a59693527bd",
"page_number": 2,
"text": "ng is performed. In certain situations where"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 394,
"x": 117,
"y": 612
},
"id": "98c142fb-f6b1-4acf-b4ea-392a2597b1f4",
"page_number": 2,
"text": "screening data is not available for a company or a se"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 194,
"x": 513,
"y": 612
},
"id": "333c3790-47a0-4c7a-abe2-3da2571ec8b0",
"page_number": 2,
"text": "curity, the screen provider"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 166,
"x": 706,
"y": 615
},
"id": "3e9e0e59-e108-497c-946a-d19dcd8573c1",
"page_number": 2,
"text": "r may, as a proxy, use"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 366,
"x": 117,
"y": 628
},
"id": "cc433b54-aa5e-4d99-9171-63de8ac6a61b",
"page_number": 2,
"text": "data relating to a different entity to the company,"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 378,
"x": 483,
"y": 628
},
"id": "b1338895-1434-4fe6-bb01-b685da2f8004",
"page_number": 2,
"text": "which presents a risk this data may not accurately"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 545,
"x": 117,
"y": 645
},
"id": "44c6f3de-813f-4858-9ea2-da9fd0d8e0d8",
"page_number": 2,
"text": "reflect the sustainability or other characteristics of the relevant company."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 397,
"x": 117,
"y": 677
},
"id": "b441da31-0bcd-48f0-9f66-58d2a1c5e969",
"page_number": 2,
"text": "Engagement policies are not directly embedded into t"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 331,
"x": 516,
"y": 677
},
"id": "188bda59-528e-46dc-922c-88d085097280",
"page_number": 2,
"text": "he Fund\u2019s investment strategy. Proxy voting"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 401,
"x": 117,
"y": 693
},
"id": "66994381-00e8-4aef-8673-02844fde91e5",
"page_number": 2,
"text": "and engagement activities are conducted pursuant to"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 324,
"x": 519,
"y": 693
},
"id": "4bf3809e-dc43-4fb8-ba52-11731362ad4e",
"page_number": 2,
"text": "the terms of the Sustainability Stewardship"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 349,
"x": 117,
"y": 709
},
"id": "0cc2221b-627d-4b7d-b52b-b8837e6cc654",
"page_number": 2,
"text": "Service Proxy Voting and Engagement Policy."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 396,
"x": 117,
"y": 742
},
"id": "40328910-84eb-4883-bff3-4ad95bb47384",
"page_number": 2,
"text": "For further information and details please refer to"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 361,
"x": 514,
"y": 742
},
"id": "1c7b4542-06d5-46c4-be8f-51d7772c484a",
"page_number": 2,
"text": "the relevant sections below, the Prospectus"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 209,
"x": 117,
"y": 758
},
"id": "6a9d4322-e347-46dd-bb5f-981ba8b8929d",
"page_number": 2,
"text": "and Relevant Supplement."
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 11,
"x": 480,
"y": 930
},
"id": "44e773f4-f729-44a8-814c-c5a7604e1232",
"page_number": 3,
"text": "3"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 214,
"x": 74,
"y": 969
},
"id": "01f203f4-7d39-4e2a-a5a2-7d35e790c5d0",
"page_number": 3,
"text": "Information Classification: General"
},
{
"block_type": "box",
"box": {
"height": 14,
"width": 378,
"x": 269,
"y": 136
},
"id": "63dbb37e-7b9b-4144-9e6c-a9094ce4c211",
"page_number": 3,
"text": "B. No sustainable investment objective"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 301,
"x": 116,
"y": 178
},
"id": "d59efa81-9163-41dc-87a7-9bef91a23dfd",
"page_number": 3,
"text": "The Fund promotes environmental or so"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 227,
"x": 419,
"y": 178
},
"id": "c8e6dea9-b46b-4e21-87e4-a5e0b6d3c2d8",
"page_number": 3,
"text": "cial characteristics and while it"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 233,
"x": 646,
"y": 178
},
"id": "299b48f5-0854-4796-a580-71994fd5a4cf",
"page_number": 3,
"text": "does not have as its objective"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 365,
"x": 117,
"y": 194
},
"id": "a48bc0ae-4270-4c08-b801-223e121f79cf",
"page_number": 3,
"text": "a sustainable investment, it will seek to invest"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 397,
"x": 482,
"y": 194
},
"id": "bfef1639-f248-4dc8-a2b8-c823cf57486b",
"page_number": 3,
"text": "a minimum of 25% of its portfolio in sustainable"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 375,
"x": 117,
"y": 210
},
"id": "89a6bc82-0c71-40a0-b2aa-e80fc7be3566",
"page_number": 3,
"text": "investments under article 2(17) of SFDR using t"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 386,
"x": 493,
"y": 210
},
"id": "7fb22bae-a184-4563-ab4a-8b0a0ee46b46",
"page_number": 3,
"text": "he Investment Manager\u2019s proprietary assessment"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 105,
"x": 117,
"y": 227
},
"id": "cfe00e41-38b7-47e2-bd39-df10f1a77205",
"page_number": 3,
"text": "methodology."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 391,
"x": 116,
"y": 259
},
"id": "3067fd03-af80-4540-b275-a8a3720e3b43",
"page_number": 3,
"text": "The Investment Manager applies a negative and nor"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 326,
"x": 508,
"y": 259
},
"id": "f2302e05-d66c-4f9c-9b1e-80103c08f3f5",
"page_number": 3,
"text": "ms-based screen to the Fund to screen out"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 385,
"x": 117,
"y": 275
},
"id": "8f0c8f80-c5cb-4103-affc-dbe587f50b1d",
"page_number": 3,
"text": "securities based on an assessment of their adheren"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 329,
"x": 504,
"y": 275
},
"id": "47a6ecf3-03ba-45b1-a5a7-60744c516a4c",
"page_number": 3,
"text": "ce to sustainable investing criteria including"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 226,
"x": 117,
"y": 291
},
"id": "901117b5-b3a9-494a-8a10-bf43dff09a54",
"page_number": 3,
"text": "securities of companies identif"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 240,
"x": 344,
"y": 292
},
"id": "e131ecf7-51d6-49e0-9f31-d3fef860bd1e",
"page_number": 3,
"text": "ied as being non-compliant with"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 216,
"x": 585,
"y": 291
},
"id": "2d1e2b4b-8276-4cc6-bbab-35d7146b2746",
"page_number": 3,
"text": "UNGC Principles (relating to"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 353,
"x": 117,
"y": 308
},
"id": "db2c3895-dd07-45f8-819e-658fcc8456dc",
"page_number": 3,
"text": "environmental protection, human rights, labour"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 334,
"x": 470,
"y": 308
},
"id": "fc1aafd9-b27b-47f5-826a-815ebf5675c3",
"page_number": 3,
"text": "standards, anti-corruption), and securities of"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 386,
"x": 117,
"y": 324
},
"id": "13afdd99-4099-43ec-8e03-058c735d4b12",
"page_number": 3,
"text": "companies associated with Severe ESG Controvers"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 334,
"x": 505,
"y": 324
},
"id": "9ec1e0e8-b367-4fa2-a784-a29a64fcaca3",
"page_number": 3,
"text": "ies, controversial weapons, civilian firearms,"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 338,
"x": 116,
"y": 340
},
"id": "e4c13bc9-0ab5-4aec-ba5a-a02c4ef17f07",
"page_number": 3,
"text": "thermal coal, arctic oil \u0026 gas exploration, oil s"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 405,
"x": 455,
"y": 340
},
"id": "fe9ba2d1-8fc9-4d59-960b-861acd6cda73",
"page_number": 3,
"text": "ands extraction and tobacco. By applying the relevant"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 337,
"x": 117,
"y": 356
},
"id": "5d91af5b-e023-4a9e-8b4c-eb4a8ce39a88",
"page_number": 3,
"text": "negative and norms-based screen, the Invest"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 342,
"x": 456,
"y": 356
},
"id": "416010e1-71e9-464b-86b0-455ec8ca8128",
"page_number": 3,
"text": "ment Manager deems the Fund\u2019s sustainable"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 360,
"x": 117,
"y": 373
},
"id":...