{"annotation_id":"4b4f5476-6f55-487d-aa28-42acf5897172","file_hash":"fb45523399de364f7ce72db7f230eb6f0becaef5eebbf94b33f5fa5e7fabbbe4","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"944ba336-9ec1-479f-ab1e-18260256a23e","block_type":"box","text":"State Street Multi-Factor Global","page_number":1,"box":{"x":51,"y":71,"width":556,"height":18}},{"id":"4e116dc3-d038-4c36-ad03-ab6934cec784","block_type":"box","text":"Equity Fund - B","page_number":1,"box":{"x":52,"y":105,"width":257,"height":23}},{"id":"3086103f-1662-4f3e-a549-2b2f78856479","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"934f1ed9-42c3-4947-8e98-35346488086f","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"c832adc0-49cb-4844-a7ee-c8dd74d0109c","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"84f98b15-d834-456b-8aed-780ab517efcc","block_type":"box","text":"LU1110723613","page_number":1,"box":{"x":754,"y":107,"width":73,"height":6}},{"id":"bc83cbea-6f33-424a-9b70-5e1d6a99668e","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"4b8a6356-a58a-4250-ac68-2d97c3963fdd","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"455b6159-1979-4f51-9c39-a6db4802d0a3","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":221,"width":852,"height":7}},{"id":"ce0c49be-d329-433a-b77d-7e563104a519","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":235,"width":875,"height":7}},{"id":"5c23ac0f-39fd-4157-879f-4ebc11445648","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":245,"width":481,"height":8}},{"id":"f394d0a7-b320-4fc4-b56d-3522467e5682","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"33903478-80eb-4778-b7d4-93ec92d2abb1","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"8b151484-595f-40a7-93b3-a25765f6c892","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"2ce87515-4ed7-46b2-907c-57c2f581aa32","block_type":"box","text":"7.52%","page_number":1,"box":{"x":104,"y":315,"width":51,"height":8}},{"id":"a73458ae-4f4e-4a46-87a8-6a6c9676dbfd","block_type":"box","text":"5.86%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"7835e736-a657-4b1b-b9df-9a957c83e6f5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"a0726fe9-3cfd-43a5-8fc0-cb3243d7eada","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"1fd3d6a7-5378-4dd8-808f-39b0af128221","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"ca19879a-1b9e-43e3-9059-7e0142f847e7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"992ea81e-2046-45ad-9b67-fd98306fdd8e","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"19800690-1eaf-4e93-a961-fbb96fba0d96","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"f77f13c8-9317-41a2-be54-c1f9c8a09a2a","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"d5a96c73-5b37-4886-883f-5c07c63e4bf6","block_type":"box","text":"2.59","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"26e5ceac-1191-4cf8-b1c9-23991d6d28cf","block_type":"box","text":"0.70","page_number":1,"box":{"x":338,"y":425,"width":40,"height":8}},{"id":"325b2be5-21a0-4a2d-acc7-0f498e9b5d8a","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"846251aa-a364-4ce5-a3da-a54b5fdfe0f9","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"edde0df4-ad1b-472f-b90a-a7890c64099e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":456,"width":53,"height":5}},{"id":"01756c69-b129-4822-9342-b4b1c196ceec","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"c2787598-f6e7-492c-b417-30974349bf90","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"10dae534-e919-450b-9495-ee902c9971af","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"9cdffe33-557d-46eb-a597-7dad7200525f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"3a9df725-f3b6-4a7a-a7fc-2a7609673b38","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"82673f96-bfb1-46df-9a39-a60480eca257","block_type":"box","text":"34.09","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"8bf890d7-de95-44a3-83a7-7454579d37e1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"d403dfab-a8bd-4b07-ba41-b03e22b98540","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"77de52e6-a5a6-41da-b04c-c045bc895ac5","block_type":"box","text":"6.72","page_number":1,"box":{"x":330,"y":547,"width":29,"height":5}},{"id":"801eac1a-e92b-47c6-a1dc-97899847bc97","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"eab6938d-c324-4a43-8bd5-65b9ce1c4182","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"65bcc048-4882-4692-a01f-4264c4a29986","block_type":"box","text":"432.54","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"d97910e7-ba77-471c-998f-b1dc9c3b15e5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"eb0aae0b-bdd0-4156-ab6a-e7e38b201ff6","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"d9223c29-3e30-4450-9901-7388bc28fa75","block_type":"box","text":"40.81","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"34a64ebe-568a-4cc8-9b5c-fadfdd4d1a86","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"0be83d67-b417-4007-858c-734867f8fa77","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"c9d6376e-0eab-42a1-812b-37032a4da084","block_type":"box","text":"492.81","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"ec00929e-87fc-4719-8331-0bd1508f8efe","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"b82c9559-6c58-4dc5-bf60-47bd3abd2090","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"dddc23d8-4504-44a1-a609-9e7f829cb975","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"efe74749-dbc2-45a1-86b9-df18713741ff","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"dde64763-0b93-43ab-8adf-0b7fe8f16d4b","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"13d23872-eab6-4ea6-a00c-368cbde80f57","block_type":"box","text":"22,986.46","page_number":1,"box":{"x":772,"y":330,"width":69,"height":7}},{"id":"a5363025-890e-4b3d-bb68-4e20d6cc6301","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"fa796ac2-f9aa-4614-8462-1dd1443fdede","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"85af1b7f-4089-4c8a-9a6d-2519621b3092","block_type":"box","text":"4,529.41","page_number":1,"box":{"x":780,"y":347,"width":61,"height":7}},{"id":"057ec50a-59d9-4add-82e2-b209440a1360","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"3cb57431-b909-418e-95bd-8c328b735d58","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"f9445027-8ccf-4c9d-8be4-4e27c08b2928","block_type":"box","text":"291,640.30","page_number":1,"box":{"x":765,"y":363,"width":76,"height":8}},{"id":"9fa698ee-181b-4b4d-9188-cd809aee44ec","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"25f7340f-dfb7-48b7-8e77-df3e657c92a5","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"259be3ad-be92-4761-b6e7-fdb3f45842e0","block_type":"box","text":"27,516.06","page_number":1,"box":{"x":772,"y":380,"width":69,"height":7}},{"id":"f008a204-4635-45b8-b921-3fd806c291e9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"9f74ef3f-6861-454c-b8e7-a12bf4216d38","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"fab8d1a2-962d-4fb9-ac6d-3abb484beb75","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"4e86fc29-2e30-4f9c-91d6-484c72e443f7","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"4f1ff360-969b-4757-89a2-54dae7f035d7","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"99342ec7-0d75-4910-8488-a1f4064e1553","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"a01aa189-dbd7-4af7-b6e3-5aab8368de55","block_type":"box","text":"55.71","page_number":1,"box":{"x":803,"y":461,"width":38,"height":6}},{"id":"84423767-ed30-47f8-8b44-221ad0667ec0","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"27dd2a32-d8ab-4732-a9cc-9e068cadf8e7","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"9f67301a-2d75-4e3d-8739-c09278ee71ed","block_type":"box","text":"16.96","page_number":1,"box":{"x":803,"y":478,"width":38,"height":6}},{"id":"50161eb8-35b7-4594-a99c-73ebb321f92a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"e87febbc-b33d-4b75-891a-ba2c7d6be5e9","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"e68abf45-d4f6-4e0f-b755-c104b4051fa6","block_type":"box","text":"636.37","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"99c0b778-adf5-4bc6-b598-abacc3c26395","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"6c18bd59-5abe-44bb-8ebc-e3aacad384e8","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"f0cf54de-ce3b-45a1-ad7b-b85f69ba91af","block_type":"box","text":"72.61","page_number":1,"box":{"x":803,"y":511,"width":38,"height":6}},{"id":"8487ff7c-4d20-4c10-9390-10ef457713da","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"9debb5a0-5a5a-44ed-bc63-5f8217bd6188","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"8fcfa34d-1719-452f-83f4-adbaf1617a5d","block_type":"box","text":"711.49","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"a1927381-6455-4408-bf08-cf124e960153","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"bdb6b5b8-eaaf-461f-b437-1e2a809c413e","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"f0734338-cdd4-4e41-8a95-56bdcc161359","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"12620045-451b-4dd5-9a4b-92cb1a86ffa2","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"a1d758c5-2ce4-4bc7-a30c-4045cfe9012e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"7e1d937a-ee20-4f3a-af89-786b11e64917","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"6cd449d4-035e-402c-96e3-e85bf362f0da","block_type":"box","text":"-11.78%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"1bdb1438-d3a6-464d-b639-ecddee7d31c4","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":610,"width":52,"height":6}},{"id":"18837fbb-1924-4025-8e9e-9e63dc1a3016","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"2c62c2f6-396f-4241-b9e5-407164edd6e8","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"b648c54a-36d6-40ef-b612-7452e365ace7","block_type":"box","text":"0.65%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"611602b7-6f75-47e2-9f69-73a87fe43b0d","block_type":"box","text":"95.38%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"25f55375-4ee6-4360-b739-931eadd01c48","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"4d0cb21b-8d9d-4184-8f7c-c559c7efc52b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"6561d2fe-2a52-456f-8d9d-ccda13b13c8e","block_type":"box","text":"-0.42%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"179fa94c-51d4-465d-887a-199db5e629e6","block_type":"box","text":"99.36%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"bf77151a-bb29-40e3-b25d-af4df143a9d7","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"5ed98cc5-28b8-4ff1-97ad-129372ed2e66","block_type":"box","text":"-1.20%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"6e6e8319-687b-45c0-a3e6-8650b9354f41","block_type":"box","text":"99.36%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"4a68922b-ce71-4adc-ae8c-c93d68294c58","block_type":"box","text":"Report ID: 5649037.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"4111e87c-caaf-49e9-b275-df8c46af692f","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"501c15a9-b36e-420d-84b5-1304b67e6f7f","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"c796e25e-8e06-41fa-9cb8-446750ac92a7","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"8329c653-2f48-4573-8c5c-1d7e433b2759","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"d7bc6aa4-46c8-4c69-9531-f3271826a5ee","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"f492a2aa-a7cf-44ab-8b8c-ec5784c3e887","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"77e63d6b-9444-430f-9baf-367d825defbc","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"57bb6ab9-5f30-4284-b345-6e5a073a7fa8","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"a264d373-bded-41b0-b00e-e7c8f63c758b","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"39649d0f-0769-4d95-a603-90c285ec7368","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":"ee84c3b3-656b-4526-ab02-d0654f16393e","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":"d8174496-f2c4-406d-8910-893b37f41810","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"895c2f01-10a0-4b5c-b96e-ee6a21f5ca77","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"78e53938-dbad-49c1-8d24-16ffe4a01ac3","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"698998f4-5405-45db-b206-2e55bf2245ba","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"8814680a-d699-44b4-8685-ebaedbf1913d","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":"be4891ab-ebde-466c-9db0-d608179eec09","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"49389704-c589-499c-9da2-8de949340987","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"799aa786-5919-4d4e-aec1-50e1d00f065e","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"8eed1f78-9355-4d5c-9f90-98df35c201a1","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"7959919b-7866-49b5-888b-88a8a857a8ab","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"843bbd0a-5991-4138-a8bc-0ad5a2b33e8e","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":"7c76d80a-3f98-4ddc-ac6c-3b1ef13b84f5","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":"b6009870-ae82-4994-b926-4e674f95cd48","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":"3b75a145-d879-4b3c-a28d-e6735d9b4348","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":"f451f55a-48a1-4ad5-87ce-a0d502f8d848","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":"36193ab4-7b57-4bd2-b8c0-75adbe6a1174","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":"c2fcdd2e-b3fa-4b5f-81a1-0116953f2ab9","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"7734cd1b-2bba-48f5-bb17-05a38523f56c","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"dee02f79-f3b2-47ec-8e5c-05c322beba4e","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"4b41a727-f2c5-4103-91c0-bb509ce34729","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":"37090095-a3d3-4dbd-996b-e280aa0f84ec","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"0d73550c-247b-43b1-9675-1f6ab6c697c3","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"b5d43fee-67fa-48ac-aa18-f15a867d8483","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":"5220043a-1a3c-4dad-9851-371aaf4834ca","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":"24c74080-17c6-4fd9-9a59-9e6a59c91866","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":"d5b550d6-876e-4fd2-be88-d35ac6b3decd","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":"46be8693-ad81-4cb6-9937-b6950f156bd3","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":"dd2e0a30-dba6-4725-8d3d-f39c4fbebfd3","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"cca226fe-5f3e-446e-9aa8-d68b494a911a","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"bd8ce288-a813-4891-859e-fac97a0d6abd","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"c8d409a0-a13e-48aa-bd11-9bc2ba9c9c1f","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":"95050edb-c298-430c-bacc-6df8c15293d1","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"c3f3ae05-0d63-4070-8d91-f5f79f29906f","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"f382082f-80dd-45e7-ac6a-bea7c403925b","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":"7ab4396e-481b-49d8-9865-5285a9f9a5cd","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"555dfa16-23ef-400e-8a9e-abc169687d52","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"8574b2c2-5bfd-4904-9de2-70904e2ce230","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"06456c1d-6b04-4df3-a4ad-98c3c9498bc3","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"dc97e4cf-2c32-42fd-966a-3f61ffaec6b4","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":"c7ca4d6b-1934-4919-b270-1c233820a515","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"c43e77b1-3671-4a7e-8702-4fb45e12364c","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"8c503262-be7a-49f6-9262-628ecd17bec4","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"93f58eca-641e-4f0c-9c40-3ab078348743","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":"294afac0-19ad-481e-86dd-8ca9ae839c44","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":"8ad249d3-777a-4d17-9c9e-42a12d89f3fe","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":"79b2354d-c498-4d66-95e5-00c7f07cb7d3","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":"93ac7b67-b3b4-408e-a737-03c31ca3f6b8","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":"b7cee02b-56dd-4eef-ae01-3c0b4ad555dd","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":"43cca0a3-9760-4783-85c1-21b750faca24","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":"71b4038a-e4f6-4c9d-88a5-cd14a5765aa3","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":"2c8acb3c-ff19-40a2-bcc4-6f0748237262","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"c8f7ba6a-8ef0-4b11-adec-16da2f6be5af","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":"17aed93e-33aa-4b1d-a435-66dffccccd30","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"15f989af-a9ab-4128-930c-4de6b4907c59","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"d40f90c7-233d-4537-b797-0f2460fa7c4e","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":"a86736df-649c-4d63-b78b-f90bbda75754","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":"145d447b-a4cd-4959-aed8-cd4ba782b09b","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":"49307158-22b3-4006-baaa-7c6ca24b1184","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":"346dfacd-e357-43f1-a2a9-2e07ad4f62ba","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"3d4a973f-a7a9-4bd7-bb1f-ee3fe6f0ac1b","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"baa91b73-4bdd-4e04-811f-bd090567ba9a","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":"7897601e-e7e5-46de-b4af-e4efaa36651d","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":"d4efa22f-02f5-4b46-965f-26d1260072a3","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"26187ae5-18b7-4a50-b5e8-f540327d7e2a","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3 -","page_number":2,"box":{"x":515,"y":237,"width":370,"height":9}},{"id":"0c99d02d-90dc-4bfc-9f53-0e10727ae84d","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":"f844f80b-2ee2-4ad4-8578-25f800223556","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":"d629e319-eec1-4948-9caf-e37596ec4c91","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":"96ed2db9-90b4-4620-853b-06827f081cd0","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"988115de-1a74-4739-818c-9f438e8db448","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":"4ff2ef18-aaf5-455b-b7e0-b2698b303340","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":"44b84147-b7ab-411c-a99e-94cc07323715","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":"eab8844a-4a21-4d06-9d21-3e0f4bc2a9a9","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"4ec0788a-aa6b-42c7-b49c-e112fc396cc7","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"070259a4-f57b-4728-955b-d49caab8a407","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":"264e9c52-a348-4c3f-b4e4-2f4ca2a6d228","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"25a56212-5af2-475a-aceb-f486afb12cbb","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":"352b0595-890e-49bd-b8a1-ca893c9dccfe","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":"223f2ef4-a83a-4fdb-b7f8-2e48deff177d","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"fb877bc2-75c4-42e0-b9e3-c3853572fadf","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":"a646f724-93b6-41b5-94fc-b4bbcb956d37","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":"f868bd4e-f3e4-44eb-b396-7680c9d15837","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"e24c8e28-bec1-4797-87eb-e655d7897c24","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"fe75a151-74f7-4623-bb53-2c5b7c919531","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":"60754ac7-5250-4f76-9ee9-62eb0892be55","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":"88c12e99-456d-4202-9077-2b21957c634f","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":"ca484fca-d23a-4271-91f1-47a42068f3af","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":"998f6afb-3c32-496f-8a42-4ce4ed2924f0","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":"a8d56e86-f842-4f17-b335-a632aacaeaf0","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":"b8780f83-c9d8-459b-b410-7c5cda912e99","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":"5a527700-ce04-4296-8413-132a7295a8ad","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":"32104945-7998-4c52-a0b7-577884d9fc64","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":"1005b0da-9198-4fb1-a80a-daad53849dbb","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":"56b088ef-b77f-4d04-8b0a-ce7dd0b45bbf","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":"e8f2f2b1-62f1-4acc-88b6-cb5425d94d92","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":"48eec68b-2649-4d4f-b808-2d8a87220a14","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":"a2abda4a-a5de-46d8-b7b2-dd1342d28dc8","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"8f4204d4-f711-45fe-8952-d00ca67be56a","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"1f2d9568-c886-442f-869c-a7ec9f8292f3","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"6043b0bc-045e-4eb8-a69d-8d99b472727e","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"472e039f-d684-42d6-bf13-31a8980b96a0","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":"d121fc7e-ea14-4bf5-b24e-9cd78b47aac9","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":"6b296d7e-9fe9-4001-91ef-e1ce990079d8","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"8b578801-4098-42e0-a6b5-23fd1c7101c9","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"7750367c-6e35-480e-8935-0510bee8d3f0","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"62892d06-4d74-4bca-a273-7a084b35ad1e","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"0e2cc86b-8bb7-48ab-8c7b-32ed83c0a346","block_type":"box","text":"Report ID: 5649037.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"c4ec17ec-81d8-45ae-839a-ffbfec3aa526","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"c5eeaf7e-c694-4a6a-8e69-76a1a38f69f8","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"41c367df-a235-4749-8f6f-d4e8f19516d4","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"15699169-a607-4188-91a2-814bec1c1f3d","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"4b268569-d133-49eb-a42d-dc1d09eea3c3","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"94c4d271-7538-4ed5-b6eb-0c7b0af48827","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"d3cb23a6-aa5b-473f-8474-298ec3dcaf8e","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"774c15ff-7768-441c-93a7-ac9e77838e8e","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"af7f8244-5b63-4320-b759-eb30d09a595c","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"a03bd295-48fe-4ed5-9ab3-39b58a327cbe","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":"bd7dde36-2d8c-49bc-b35b-fffa93e4154c","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"1cba9579-70d1-4b5d-9f89-4e126feadd9a","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"e639b23a-ff20-4a29-b729-c7652b86397f","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"1c025984-09bc-49fc-85cb-760120b50715","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"c0810859-fe33-45b2-b809-49f4f02edbf0","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"65b58ab0-1e2d-4003-a993-0105103a150c","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":"f7b0b71f-0168-47aa-8326-70a709e852fe","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":"42b3aba1-79de-438b-b941-374d785b4712","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":"bae5fb52-6fe9-4b66-8943-fa483498541a","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":"bbfc7772-9be3-495a-9358-d1cb3979f300","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":"dccd19a4-92fa-4e5b-85de-b04a943c2722","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"3ca5f0b1-229b-4dd8-9ee3-969a28ef4420","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":"630808cb-d31a-47cc-a8c0-9752a00becf9","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":"18902bc3-a767-4fad-9dbd-8d6f3b1e3522","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":"d3f789c0-b4bd-4439-9e97-7e675b9bc2fe","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"8e888513-ac2c-4713-a3c2-64b181400326","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":"7dc97033-5b42-463e-b828-135f05aa241b","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":"b4ebbebd-c80d-4b31-9eae-0a70ee17ed1f","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":"c3139f8e-7e22-4991-99e7-b1928dc63213","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":"fc0cd5fe-f82d-484d-8ef0-74f6b435bf35","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":"27d1ca1f-6d19-4e04-8b4e-a197f3f64e52","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":"f228f1a4-885f-45a1-b5b3-8e21e932a17b","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":"b8a7a486-04d6-4bb9-9867-80b9260a092b","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":"f8054b87-a6a5-42fc-9d95-ea5944a86517","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":"fb1ed652-4c08-4ee8-823f-bd4e56e330ce","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":"0059b9ac-61c2-4aea-9127-bcbbfe9f2b02","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":"4ec81b11-5dc8-4717-b898-60c8477d6189","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":"e7069dfe-ff24-4c91-8ca3-bd30ad804bfb","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":"39b79309-7634-483e-a413-052811bc3021","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":"72619311-1107-4121-ab7f-55d3338b82e3","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":"63d2ae21-4dc2-4e02-a142-d40ba0490cd8","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"e119f291-be52-4ad0-986c-784c6880e35e","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":"8350b8ce-77ed-4d91-bd5b-34485b81f1ee","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":"fd453238-501c-408b-9aad-ac9769cd7458","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":"1a4b72b5-0523-473d-85c4-5ef16d8f55c7","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":"5fd64048-0b60-4994-ba77-1e6e57e11ea7","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"185b79ec-0725-433e-b5c0-e4845f3b9fd8","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":"78b93a8a-acd9-4f9e-b0dc-67c87418fccc","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":"61d11f2f-63bf-480a-9b9f-81e701afeaf4","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":"132d16c8-126f-4b89-acb5-73957136c903","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":"355a2f6c-ccda-4a7b-88cc-045b646049fd","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":"74db83ab-ccbc-4ad9-b518-e625c47459eb","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":"58dd441d-bb61-4da4-a892-b67f3b56991a","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"cb0ace2b-2d52-4938-a22d-1c8d88e23cb1","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":"d07cff57-fb35-4d12-8120-43a4ffe6d09f","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":"1e436c44-593e-4062-819d-524672e184d3","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"3496b793-8e0a-4db5-b6a5-67a24e62de58","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":3,"box":{"x":51,"y":722,"width":415,"height":8}},{"id":"865d9cdc-f23c-4f8b-8da6-25d8f13df119","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":3,"box":{"x":51,"y":734,"width":423,"height":9}},{"id":"fa5cf7e1-c3e9-4405-8ebb-d18db7db0aad","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":3,"box":{"x":50,"y":747,"width":418,"height":9}},{"id":"a014f592-1f8a-473f-a4cb-f97c882ab8d5","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":3,"box":{"x":51,"y":760,"width":408,"height":9}},{"id":"a63ea161-0eef-438d-8944-33af95b55be7","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":3,"box":{"x":50,"y":773,"width":429,"height":9}},{"id":"6b0349fa-feb0-42ab-9d95-556df515dc28","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"ea5b6925-7a2f-49a8-bd94-aa785e390ded","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":803,"width":430,"height":9}},{"id":"cc40da57-de05-474d-a721-68773bb47a63","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":816,"width":420,"height":9}},{"id":"c34e2862-11c8-4145-8585-202d5d87e1bc","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":829,"width":372,"height":9}},{"id":"fa0865b5-28fd-4af2-b48f-7cd25a3d2abc","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":846,"width":414,"height":9}},{"id":"ed72341e-573a-4692-82e3-2bd7abbbe2cb","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":859,"width":400,"height":9}},{"id":"d42cc47c-5177-4d0b-9b09-350be33965ff","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":872,"width":396,"height":8}},{"id":"791ba005-87cc-4a26-ba02-226231c27551","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":885,"width":416,"height":8}},{"id":"1e699be5-326c-4284-89ba-05e225f5fb3e","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":898,"width":403,"height":8}},{"id":"22657e97-70e4-45db-aae5-d9a001bbe376","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":910,"width":407,"height":9}},{"id":"b43f14ed-3abb-4526-b531-d60eb7ea021e","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":923,"width":410,"height":9}},{"id":"720d2d0c-c376-447d-acf5-1da9f7c29ce9","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":516,"y":92,"width":414,"height":9}},{"id":"6935fe10-2f1f-4a95-abe3-2e9d8b68835c","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":515,"y":105,"width":429,"height":8}},{"id":"bec4fd62-c567-433e-9acc-d33ebfe47dd9","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":515,"y":118,"width":432,"height":8}},{"id":"8c3837b0-dcd9-45a5-9647-d7e12d0d7062","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":516,"y":130,"width":421,"height":9}},{"id":"05e46a82-f46d-489e-b2e3-9fdf6f55fb27","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":516,"y":143,"width":429,"height":9}},{"id":"9f5889d5-5326-42c5-9f63-5ac449f3e60a","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"9e471793-9cf6-4ed4-923b-094d42d05ecb","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":174,"width":416,"height":8}},{"id":"c8f2e5b7-70bc-42de-831d-22c4257e3c04","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":186,"width":415,"height":9}},{"id":"9a7a44bf-172e-403e-8c4f-d8d2e25aea66","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":199,"width":422,"height":9}},{"id":"01021496-3be4-4153-b5d1-88ca2685ecc6","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":212,"width":307,"height":9}},{"id":"65a82d54-333e-4ef7-a635-35be69f60d71","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"6b2fbf7b-a43d-4ce4-a25b-6f28f31e7eea","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"56e98289-f3ad-4ca4-a014-3a597cbfb9fa","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":225,"width":292,"height":9}},{"id":"7fa63ba0-a489-4f95-b38e-cc5a5681fc3e","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"793d8387-b3d6-42d1-89e0-98ad122f5304","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":238,"width":421,"height":8}},{"id":"af5d0cf9-837a-44c5-9ecf-3278e6f7075b","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":250,"width":390,"height":9}},{"id":"7d2e8516-a299-4d48-ab68-4f53da3d9c4e","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"19f208c6-b38b-42d1-bb6d-b7577288c200","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":268,"width":418,"height":9}},{"id":"84bbc3ad-82c4-41df-8514-d945e1ebd211","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":281,"width":431,"height":9}},{"id":"49f2ffc7-d635-4a4f-ab81-9944cae0ad8b","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":294,"width":354,"height":8}},{"id":"ef50a366-f584-493f-9f11-2385e6b8ed04","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":311,"width":403,"height":9}},{"id":"f6b2687b-549f-42fd-89b5-05a5f3ef2b04","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":324,"width":411,"height":9}},{"id":"fec8c7cb-f192-4947-a5df-ef20ec1ead44","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":337,"width":401,"height":9}},{"id":"85b7f119-1438-4e54-bebd-1cf4b09545ae","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":350,"width":402,"height":9}},{"id":"d597e4b0-4942-4e36-84e9-fd3793be333c","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":363,"width":416,"height":9}},{"id":"137f6af4-77f1-40c9-bcee-f64c311775e1","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":376,"width":338,"height":8}},{"id":"7a5d058e-9983-49c0-b3f5-62fce3d6da7a","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":393,"width":408,"height":9}},{"id":"7d9d6b64-1768-434a-8442-0edae7d3fd4c","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":406,"width":416,"height":9}},{"id":"44ac4ba3-0efa-413f-9b74-0411a344a4cb","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":419,"width":382,"height":8}},{"id":"0c7c1900-405f-4b48-a1b3-fc4feaac61db","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":432,"width":397,"height":8}},{"id":"c979cfda-6fd8-414f-90fd-2584d93760f6","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"68198f62-4776-4734-960f-d8272af16233","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":462,"width":398,"height":9}},{"id":"4084cf32-fdda-4ce1-950d-8607560cd8ae","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":475,"width":407,"height":9}},{"id":"ba4f9f67-5e9d-403e-9324-d478872d5e89","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":488,"width":427,"height":9}},{"id":"c6ba762e-945e-477d-baa2-2d40ef6d5958","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":501,"width":403,"height":7}},{"id":"d8b845f5-e56b-404b-ba9d-5b38011a2046","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":514,"width":393,"height":8}},{"id":"10273ba5-f5bd-4a0b-b358-2c8ae48c8d04","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"cf684858-416b-4337-8ee3-3de96f3c6118","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":544,"width":389,"height":9}},{"id":"b68a6c5f-0a43-4add-ba6d-72178a676b44","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":557,"width":379,"height":8}},{"id":"70fed961-2611-49f0-b0c6-b2a65674c697","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":569,"width":360,"height":9}},{"id":"f29ce2fb-72cc-4d02-822a-e2c132356b54","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":587,"width":419,"height":8}},{"id":"b49fe104-7d90-422b-b808-a30aa69055cd","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":600,"width":431,"height":9}},{"id":"e274843b-d60c-4494-b992-1fba63cf3a37","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":612,"width":428,"height":9}},{"id":"ada13bcc-928f-422e-8537-52ad431d6a2b","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":626,"width":427,"height":8}},{"id":"c0ead1fd-a12a-424e-b085-045c1a1f22f1","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":638,"width":411,"height":9}},{"id":"24ec6dba-b13b-4064-bd2e-fd527027afbc","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":651,"width":395,"height":9}},{"id":"073d4c63-aef0-456d-b53a-925de3057b70","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":664,"width":411,"height":9}},{"id":"91b86d6d-35d2-49d1-97ce-1ee5ec187819","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":677,"width":396,"height":8}},{"id":"1af74128-583f-4202-b79b-d2bb38515221","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":690,"width":433,"height":8}},{"id":"47e713e4-41de-4c5e-b75c-376f8d81ebeb","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":702,"width":420,"height":9}},{"id":"7ad7f105-999a-4634-bde0-9bc742493e8c","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":715,"width":422,"height":9}},{"id":"8aef86aa-6105-44d2-91ba-6310d6bbcf53","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":728,"width":392,"height":9}},{"id":"d7a39534-91cc-4d9c-8091-5850303621a8","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":741,"width":407,"height":7}},{"id":"281ee70e-a25a-4f54-a138-a78fc9ecebf2","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":754,"width":413,"height":7}},{"id":"7bc464a6-7a91-471d-b1c3-614786eb456d","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":767,"width":412,"height":8}},{"id":"81cbf04c-4bcf-4587-b8b4-057e60a39beb","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":779,"width":431,"height":9}},{"id":"a7e1dd67-b0fe-4f75-b61e-8a2c19123504","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":792,"width":398,"height":9}},{"id":"2bc57e3e-1c5d-463c-bc33-9cd8f1a1e6d8","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":805,"width":403,"height":9}},{"id":"06347b87-bfd4-40ab-bccb-e776871e6d78","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":818,"width":401,"height":9}},{"id":"2fb0845a-ec90-4e0a-a018-166e4ac7561c","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":831,"width":418,"height":8}},{"id":"b9840e2f-2c2a-4846-8404-43dd011b3418","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":844,"width":428,"height":8}},{"id":"9647f646-0ff9-454d-90e7-38d5b684251f","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":856,"width":405,"height":9}},{"id":"5ac19463-cef8-4536-afda-74eff148271d","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":869,"width":426,"height":9}},{"id":"00baa5ea-4a5a-42f0-8e4b-65f14320dc2d","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"eb16d52b-9cc3-44ed-bc4b-1977d7154fbb","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":900,"width":429,"height":8}},{"id":"b755be72-39de-42a3-92db-a1c1b0f52cb5","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":912,"width":428,"height":9}},{"id":"baf1764a-bfb9-4f76-a361-17c4af012985","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":925,"width":415,"height":9}},{"id":"9a21eb80-975b-41b1-8513-58173eab4d8b","block_type":"box","text":"Report ID: 5649037.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"70cd12c0-957d-4105-824f-2d1b11e956c3","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"80137330-e672-4f4c-9949-cd820e2c026d","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"9445deb2-0a56-407a-8365-d1e3943e0f5c","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"468deb65-c19b-4c87-80df-9f408bd38326","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"0f693a8b-5f8c-44cd-8cce-64663c5ab7f2","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"4e05457d-e923-4301-8ad5-ef5cdc7f4148","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"6ec5b8a4-763b-4de5-b388-1f9dd9cd9be1","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"4cda8572-ba51-4a08-b3e8-92db12a05ded","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"4119b57b-b535-42d6-a26d-ed786c04cec3","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":47,"y":36,"width":389,"height":8}},{"id":"8198df32-4065-4e3a-a2dc-f5847621edbe","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":47,"y":48,"width":433,"height":9}},{"id":"0fc23616-623b-4bf0-8e08-d64e89fb5b6e","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"038d88dd-ff24-4b73-b0fc-4257ca924c8e","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":47,"y":83,"width":361,"height":9}},{"id":"1dbe0d9f-0728-4ea7-863f-5894591d85b1","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":47,"y":96,"width":403,"height":9}},{"id":"cf3ebd69-532f-40c6-b52c-8296b2b79951","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"b310981d-ee08-479a-8cb4-2acb630ef110","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":47,"y":127,"width":434,"height":8}},{"id":"eab48d78-df31-4a62-92e1-2e5f170082cb","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":47,"y":139,"width":419,"height":9}},{"id":"29be398b-8444-4906-9b23-cc83b4ddf9e4","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":47,"y":152,"width":398,"height":9}},{"id":"ae13297c-5807-4add-a347-8d0a7915b04c","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":47,"y":165,"width":413,"height":9}},{"id":"c9da0802-60c9-4d2e-8ab4-d8732d868c85","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":47,"y":178,"width":292,"height":7}},{"id":"08f7b19b-f179-42a3-9787-a90a3a70914b","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"4c975de2-4277-442f-951e-45c6c7ed7335","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"2dcd3a24-87b4-4ef9-8156-38b6bbc3a36e","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"8a51e17a-be7b-4981-a5a8-124011c1274c","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":47,"y":196,"width":388,"height":7}},{"id":"64ab3800-1476-4507-a3ae-6880133e015d","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"7dac8d79-5a8f-4edf-93ea-f49895688937","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":47,"y":226,"width":385,"height":9}},{"id":"9db0b80f-e05a-40a6-8a0d-6beb13f56064","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":47,"y":239,"width":403,"height":9}},{"id":"0ca96d1c-970e-4417-ace5-be73c211fa53","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":47,"y":252,"width":402,"height":8}},{"id":"b51955cb-96a9-41a4-bac6-4cb31ecfa2c9","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":47,"y":264,"width":412,"height":9}},{"id":"2e616e37-85f9-4a15-93a0-5ee6eae8c4b6","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"1c786ef7-cd7f-4b8c-a5ca-385ddc6ff9c9","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":47,"y":295,"width":412,"height":9}},{"id":"96e948b3-ca82-44df-8ee0-8718f100d523","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"d824c61a-bad7-4f9a-8976-996e462e0c2b","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":47,"y":320,"width":427,"height":9}},{"id":"70111ed7-9c3b-40d4-a543-8724f93f4840","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":47,"y":333,"width":395,"height":9}},{"id":"1b7c7da7-8453-4599-876b-ae4fce70ece8","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":47,"y":346,"width":426,"height":9}},{"id":"82ed7554-1e4c-428c-9ca7-c8c20f9b1cc6","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":47,"y":359,"width":369,"height":7}},{"id":"7b97957c-86b4-4b92-b4b2-0b864878cf8a","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":47,"y":372,"width":409,"height":9}},{"id":"32fa56d2-b2f0-4284-9a84-394a4841a6e8","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":47,"y":385,"width":414,"height":8}},{"id":"4d5c8343-d2d5-47b6-bc1a-3bd72b4e8d7b","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":47,"y":398,"width":426,"height":8}},{"id":"36412681-cfb5-496f-8d48-1d340393bc69","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":47,"y":410,"width":277,"height":7}},{"id":"67681e23-9699-4ac2-8417-cf1121f96481","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":512,"y":36,"width":409,"height":8}},{"id":"24d2f49b-caf9-4aab-b5d5-a858e5849aff","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"a2c275d2-9324-43aa-bba6-9de48b9ce442","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":512,"y":61,"width":414,"height":9}},{"id":"4c1c04e2-78f4-4776-99f0-94172a958176","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":512,"y":74,"width":411,"height":9}},{"id":"2a2bc51f-f986-43a0-a61a-1ae4d12cfab4","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":512,"y":87,"width":421,"height":9}},{"id":"52031e9d-70c3-44f5-998c-ed3c5b04726a","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"219a947c-810b-417b-a8dd-0563f24e6af8","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":512,"y":117,"width":409,"height":7}},{"id":"e13b45ea-0994-450b-bcfa-ef0637afba3a","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":512,"y":130,"width":413,"height":9}},{"id":"7063b9e0-0cd0-469c-9cdd-3577e2abca7d","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":512,"y":143,"width":396,"height":9}},{"id":"c24352b2-958b-4e13-b863-1bb6b260e633","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":512,"y":156,"width":391,"height":9}},{"id":"463b1051-9b65-40f5-9b7f-a21958982bb9","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":512,"y":169,"width":428,"height":8}},{"id":"c02a52c4-56e7-4797-9e9a-21c2ca1e52b1","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":512,"y":181,"width":419,"height":9}},{"id":"81866f35-da10-4e18-b1e5-77562ff5a371","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":512,"y":194,"width":359,"height":9}},{"id":"045896ff-9309-4870-9f7e-c1900a2471d6","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":512,"y":207,"width":374,"height":9}},{"id":"497196af-233f-4823-9fec-840902be4dce","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":512,"y":225,"width":419,"height":8}},{"id":"c8c18a4e-a063-4926-a2c1-cef56624109a","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":512,"y":237,"width":403,"height":9}},{"id":"39e5106f-7fb7-4a34-83a0-470cfd0a58a9","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":512,"y":250,"width":402,"height":9}},{"id":"4aa5db1b-16c6-4726-b7cd-64b4f20c8845","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":512,"y":263,"width":391,"height":9}},{"id":"a36e41d1-fcd6-4a7b-a1d6-5b053c80b7a9","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"f7bb1516-d723-49a1-a5a7-ad92123f4845","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":512,"y":294,"width":416,"height":8}},{"id":"7d9df213-624a-41cd-a09e-4b42458fbf8f","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":512,"y":307,"width":393,"height":8}},{"id":"30eb41ab-d43a-4df0-bc57-e0cc114c9b76","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":511,"y":319,"width":412,"height":9}},{"id":"d568cc82-7d7a-406b-8df1-13b55d03b2f4","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"e3234127-64ac-44b6-b87d-e190499098cf","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"224b63ee-1d53-4592-9bb2-f236b145a69e","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"26c5e5e3-38ad-4a1e-8702-48c46f5782d0","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"e206fa79-2e6b-40ef-844d-2277c7b201bd","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"5cefaf1e-7999-4168-857f-cfd23aa59440","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"048cce7b-b51a-443b-a783-0e1e3f6ed1de","block_type":"box","text":"Report ID: 5649037.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"ab8fd787-e9a6-4c25-a2f3-6a0a3b3626a3","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"24af1bce-b7a0-4765-8725-a20d7e0f0804","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"c068a064-cef2-4a03-b751-fc3de226be72","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"ffbd9505-ed14-410e-b7ec-52b46f56a211","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"5fd7f7b1-77e5-472f-8115-237060d3dca2","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"2ae53e8d-871e-4b2f-a24d-cec3a89d7f7e","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"0d9e7db6-ad22-40bd-82fa-f6aed1718e60","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"bf4f53ba-c59c-46e0-bad4-9bc4232f2d55","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":"ff38a810-7fd4-4f44-b280-03f7fe549924"},"user_id":1000002,"date_created":"2026-10-17T01:09:09.052000Z","date_modified":"2026-10-17T01:09:09.052000Z","private":false}