{"annotation_id":"57346b24-f473-43f3-a5f4-624ab71e3d82","file_hash":"9ddd1771f4398a8394eb896b3a383b469cd7c0a90cbd61c4e0faf3013353fdd7","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"b9e4bf1c-faed-42f5-a3da-78764d3d530d","block_type":"box","text":"State Street® SPDR® STOXX Europe","page_number":1,"box":{"x":51,"y":71,"width":624,"height":23}},{"id":"fb13ad70-a24e-405f-95b0-dc607d1694b7","block_type":"box","text":"600 SRI UCITS ETF (Acc)","page_number":1,"box":{"x":51,"y":104,"width":436,"height":22}},{"id":"4e92cf16-45dc-45a9-83d2-a024e1665cd3","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"f9ab8604-479f-4961-a0e8-14f00af999e1","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"03a90112-8e88-459b-bded-f145c56a3fa6","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"41c482a7-fb47-4412-9cc7-ef83be3a5cce","block_type":"box","text":"IE00BK5H8015","page_number":1,"box":{"x":754,"y":107,"width":82,"height":6}},{"id":"1a6ac0c7-7a72-416e-8c79-522f60669282","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"802c295a-c71b-4679-9031-d8726f4c2bf4","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"3bbefe5a-cc6b-4cbc-8213-0a8eabe1ab9a","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":221,"width":844,"height":7}},{"id":"8fc90e6e-7a80-46c8-b2b3-6f3a36393137","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":"48bcba5a-f00e-4a0b-ab98-3e9536f0a674","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":"84ad195d-c528-42cb-bd8c-009e42c1b48b","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"f4fb9f9d-eda8-4756-9c20-62694ec9253b","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"8b6ae8ec-c768-41e7-bfe0-7f41e6df6df5","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"5a342682-be23-4222-8654-23cb4d47a665","block_type":"box","text":"4.79%","page_number":1,"box":{"x":104,"y":315,"width":51,"height":8}},{"id":"d43d516e-35b5-4c24-a184-2f8a627c96e8","block_type":"box","text":"0.08%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"4ca0175f-1c1a-4802-87fe-e09f4c85af28","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"fe4c610a-7b2b-4cef-939f-29fd7f056d38","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"3317c0df-d7af-4b02-9daf-4b5433a7815a","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"9ef6d60e-20b9-43b8-b83a-619302be0f0e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"35cf5e7c-82c6-40ff-8cb6-5ae966cb8779","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"e6e5d04c-f60b-49b5-989d-8585d44df42d","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"ab7877b3-bbd1-4326-807c-9e3c07a59245","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"12964a73-a9a9-43c7-bb0b-af58d8a88b97","block_type":"box","text":"1.78","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"b610e527-c62e-4d60-8182-0c3dc0ff0866","block_type":"box","text":"0.00","page_number":1,"box":{"x":338,"y":425,"width":40,"height":8}},{"id":"f7ff0e65-51cb-41c3-b4a4-a4eca85e84a6","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"448b51e1-4c1c-48c9-9b67-5be4db848051","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"b597a936-ba68-4e2c-8bef-2584c65ca31c","block_type":"box","text":"99.61%","page_number":1,"box":{"x":182,"y":456,"width":46,"height":5}},{"id":"760f700e-a41b-4f58-b307-dd83b8b7f283","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"857bc950-0e14-4e42-a38f-887439cfd526","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"e7a55ddb-378d-4138-82fc-f0641e7d6058","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"42ef3114-7eae-41e3-a446-86668fa19e2d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"be5f6dec-59e7-4e05-bb64-2417e830100e","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"6b6cc50a-feb7-46fb-98f6-1d22b0b223ea","block_type":"box","text":"2.36","page_number":1,"box":{"x":330,"y":530,"width":29,"height":6}},{"id":"0cdfcc9c-af5c-42e2-8931-8aee6035522d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"ed36e00a-99f1-4b5a-a6f8-febdc015f8d4","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"6a14a2ce-711e-4adc-b1e3-ea5e653eb028","block_type":"box","text":"1.97","page_number":1,"box":{"x":330,"y":547,"width":29,"height":5}},{"id":"c15b0bd2-3714-47fc-b3b4-0a40cb5f12a8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"7df50c87-dd26-4dbe-a521-57d54c5fe088","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"a329a2fe-653e-46c2-bc84-d30b3df9ab4a","block_type":"box","text":"156.09","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"db84ca2f-4302-4a59-b0ca-6fccbe903e37","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"b10174b6-28bd-441a-b590-01ac8d66f581","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"822b0db9-5c08-4845-9cc6-a79497f9baa8","block_type":"box","text":"4.33","page_number":1,"box":{"x":329,"y":580,"width":30,"height":6}},{"id":"29b51fe1-bb60-4578-9ab7-8426a0356e78","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"d152e3e2-e84b-4c5d-85e5-f860bea31d59","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"075bd179-8046-4581-9e67-a4e897c001b0","block_type":"box","text":"162.47","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"9b7a2127-bc6e-4322-b310-824404d55f12","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"5e7d4330-a1f6-417c-9c64-d90dde36136d","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"10c89c41-0b4c-42bf-bab8-ec71a9380b2f","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"fabc17a0-5308-4f58-9faa-8219f2ac8d82","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"29ba786c-a759-4582-a67f-53b96265df36","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"1f9c7996-fd21-4ef3-9605-d7859accd535","block_type":"box","text":"1,649.67","page_number":1,"box":{"x":780,"y":330,"width":60,"height":7}},{"id":"787fce89-6028-4e37-a214-83573d89adb9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"855f8988-48b2-475e-90da-40068977013d","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"82f28a74-ec3f-49bd-b06c-c2189c380d2a","block_type":"box","text":"1,371.68","page_number":1,"box":{"x":780,"y":347,"width":61,"height":7}},{"id":"70156fa5-3bfb-442f-bf71-a70155567063","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"34bb5410-da6f-48c2-9ccf-1acb83664e4c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"da39222e-1201-4149-aa5c-5d83ba25372a","block_type":"box","text":"108,904.38","page_number":1,"box":{"x":765,"y":363,"width":76,"height":8}},{"id":"fea071af-da2b-4d26-a8ff-9e64a0d9c557","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"4c44b638-b965-4b7e-91f4-edaf06cd84ca","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"2172c84a-5192-43e8-8b0b-a43ef65e4403","block_type":"box","text":"3,022.96","page_number":1,"box":{"x":780,"y":380,"width":61,"height":7}},{"id":"f0f151fa-b275-4848-b9aa-ff08fc6b131f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"1ed54558-e063-4615-b04b-e06b0884c073","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"b29f0514-5a2c-44de-98bc-29e2f317cbb6","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"10627308-e7b6-4f80-90b3-205e907d76a2","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"c2cf5b97-7860-4ed8-a90b-cb741524e52d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"8d342823-eded-41c0-9e82-b85bd41495c0","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"88007b83-5018-4788-942d-6cf3d7cd8de4","block_type":"box","text":"5.94","page_number":1,"box":{"x":811,"y":461,"width":30,"height":6}},{"id":"4540e4ba-b8f7-4585-8e38-be4a9b87cdae","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"19fa6a8d-339f-4452-af17-1264cfe2694b","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"05e5310e-2e05-4ce9-a613-4a5c53aca1d7","block_type":"box","text":"5.15","page_number":1,"box":{"x":811,"y":478,"width":29,"height":6}},{"id":"1c5bafc1-5ec7-4843-9eb0-d976c7cd8395","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"904689cd-42cc-48f4-8e14-c18dd27a7442","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"8ec76c5f-e628-4269-8df6-9ef4b196f316","block_type":"box","text":"481.16","page_number":1,"box":{"x":795,"y":495,"width":46,"height":5}},{"id":"7dcfdc46-19df-4ea9-9afe-2be0d0796b53","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"bf50a497-3438-4439-8af7-5c6e1bf46c5d","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"516c23af-a359-46b0-9c07-1c40c8f2b18b","block_type":"box","text":"11.09","page_number":1,"box":{"x":803,"y":511,"width":37,"height":6}},{"id":"016a4132-46cd-465c-b48c-378688095a6a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"f6927ef6-70dd-485c-a6ba-478fa9b5951c","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"fff75b26-3fc3-4227-8e09-621356d06f20","block_type":"box","text":"493.19","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"e2221985-393c-46a8-b314-9f9bb773ac67","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"05c378c0-6d8a-4d9d-9559-37d556bd9880","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"ebaa2d58-4f94-475f-aa45-0d49e0d4bfa1","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"59499bf5-ee4a-429e-aa22-efbb847e4578","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"6599b142-6f21-46f4-9f4f-607afa7786b1","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"0dda836b-039f-4446-b8cf-4db3c8c3dc5e","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"f6702afa-b51e-4779-a72d-53feed43af67","block_type":"box","text":"-3.89%","page_number":1,"box":{"x":797,"y":610,"width":44,"height":6}},{"id":"fc3eb6b7-629c-4ab7-a02b-98db773d71b6","block_type":"box","text":"99.61%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"e11bf0bf-ce08-4e8b-a7a5-5c183d78b00d","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"c3606f42-c4fd-4161-9344-ba133eba7746","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"e592ba39-14a0-45d1-9c8a-5814c85a6c16","block_type":"box","text":"0.92%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"2d67e753-b358-4ec3-8d09-4dbeac0ba9b5","block_type":"box","text":"89.95%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"76ab7b72-6970-43c3-9816-a043144690d5","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"c60c3f93-f37e-419c-911c-8dfd922e70b8","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"35ecb0f7-686c-4785-8f33-cdd7f891e6ae","block_type":"box","text":"-0.15%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"cf81d6d7-7a2e-4100-b81a-1ca7f022881e","block_type":"box","text":"99.51%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"1ca8edd5-7e89-4f9a-84f2-00293130b951","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"65573531-fe4f-41a6-a95d-503fd647d658","block_type":"box","text":"-0.50%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"f0c794d3-f953-4e3a-8913-6b1f746f2591","block_type":"box","text":"99.51%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"59491fd9-005d-4161-85e7-50a277bd5f32","block_type":"box","text":"Report ID: 5592740.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"032d32fb-2e10-4f04-84d1-c993309922ac","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"88a248ab-9708-4e64-acc9-4e4364cf349f","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"d48b7f3d-7bf6-4393-83f8-0663733a31a5","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"20702850-1c9a-46ee-91d1-d110cceb6514","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"40ed796a-f975-44bb-a936-ad124263b1ee","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"087e2aae-a259-4574-a329-b242a866edff","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"f6abcfc5-6715-4f8c-9e7d-37b0e6c742fc","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e297f9f2-9821-4f2f-835b-c195ca2ecd6d","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"6e3527fc-6164-4c01-b823-ff67bd3a402c","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"d78702c9-0127-4951-aa99-b7581655e814","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":"1c7a89fb-f61c-4aeb-acab-ac91a889f303","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":"6af6d6e7-5ee9-4dfb-b741-e339feea6724","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"bb0df90f-f3bf-4941-82bb-a7b01506a06f","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"b2c42df8-5d22-403a-aec3-5a84bd359bc2","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"9d535e67-85fe-4167-8c57-a0bab735090b","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"48ba96a1-adb0-49b1-a7df-803e22272fe1","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":"a9814b05-43f8-4ca1-b696-73dabd060ee2","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"a17eadf0-85b7-426d-b699-a04e714296c7","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"69675bd9-a8fc-4157-bb2f-f26b1c0d35b0","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"58f3555e-2057-4694-8226-618ff273f754","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"f8a3f6c4-def3-4c8c-85ab-538c02b5a4e0","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"6c1675a2-e845-43c6-8458-4ebcd2ab1284","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":"70fe78c9-991c-45f6-bb31-1443ba3e3454","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":"eb31ab3c-7ddc-4adb-8d44-78bae8199e4a","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":"eb140b42-a30b-4108-9361-6d581993e0d3","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":"226bfff0-e88c-4850-94e4-6bb538347e7c","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":"2561b8d6-26c9-445e-b0f3-069b329431e3","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":"817e795d-a3e5-4449-922b-a779d8289f87","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"daff0eab-2200-4b99-b124-c01a8bc06672","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"46bb9e27-a7e8-4e59-956c-382b32b87f85","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"3eab54a6-e508-4c2f-97e9-6e5fd7c62391","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":"3e24b674-ca2a-432f-8b21-74d8b12eae84","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"61127cb3-8ae0-46ac-bcca-b80a824af90f","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"29e61ab0-cf1e-41e0-a340-4cb6e7b55bab","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":"86b46fac-2d44-441a-a13d-424e2598614a","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":"523da6c0-db2d-4cc1-a053-6f7299ab1b56","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":"c5256e0f-22c2-4d4d-9f70-7e7d3fee4ed6","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":"3ffe8c7b-d49a-43a9-93f6-0ea344d42f13","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":"269c1d9b-d53a-4437-bd8b-1f2eb89e76c5","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"f9002625-49a6-45cc-888c-f887f5f38138","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"15a836ce-1c87-47e4-b44a-e7598fdd9a26","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"a536302a-1b06-4ecc-87a6-fc53f6cbabec","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":"7e1acd02-24d6-4fa7-bc0d-e616f389e6f4","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"0e852c5c-983b-4779-b272-6763640836e9","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"f1c19098-1daa-47ad-909e-1ddc3d05ffa4","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":"b18bdfa4-e4c6-48f0-ab5e-9a6f9b0e6acc","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"eaa3bd15-d280-468a-8a4b-eafb043f0d08","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"6a5faf84-7851-4b04-980e-f14bc88e494a","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"661f565c-f368-4022-a223-1200a66f33b6","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"d6f4a152-7d54-426e-93d1-bd39cc3b284a","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":"42c34aeb-a267-49e8-8fc5-9bae70b0a9d7","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"222e5b39-cd31-4e38-971a-faef1d87e61b","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"155d0ef9-4885-427a-a441-4dc760b95d81","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"ee9ae85c-799b-40bd-8294-48f2ddaf2a57","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":"9202b441-552c-4e53-b236-9415ae659afc","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":"e307105d-049b-4b03-bfa5-51c2e7cd43d5","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":"4ae26b2d-02fd-4b15-9476-573b615dca83","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":"47a1de1a-0354-447e-a713-aad3eb4a7c76","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":"75557cc2-1231-4a13-b89c-034df3c36b9f","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":"da4c2d0e-e0f3-4618-8b36-a73f5c090f28","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":"0f16ebb1-e10d-4d29-91d2-d6d55fbce8ba","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":"50e663e2-b6e6-4776-846e-99bf00d22ad6","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"64e1a7f3-ee72-4d95-aee2-0a95535163b5","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":"9b699cda-6230-4803-ba9a-49e02696046d","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"f48fd1aa-c1b4-4c38-9c4b-c77a1fa23d01","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"fe7b7953-ad3e-4d57-b730-e3eb5b5a6c83","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":"b9535c37-441c-4a39-b1d8-ad17e5b886e0","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":"05e95937-c61c-4899-a847-f84cc1f6b1a6","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":"8b9f5415-a201-4474-93f3-b49963429240","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":"b5e71fc7-ada0-4f42-b900-8bc98be3bbc5","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"a7868306-139a-400b-bf95-439de1a3ceaa","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"6f245d34-08de-4872-a4d9-1b2c5104dbca","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":"ddcf7da7-6eea-4e6a-8147-886ea53222a3","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":"8ebd4640-1dbf-4364-90c4-63bc49715497","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"199d8456-16f7-4530-b4f4-e5b88a4774ff","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":"ffafec98-b442-40b9-8936-0152f4188392","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":"15a60ab4-85f0-4f64-8c4e-8465cfe8fe97","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":"68f62785-1b5d-440e-874c-e0ba84892ed4","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":"a383c4b2-6c46-49d3-8016-689e3c8801b9","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"e39deaa9-1696-4b7e-961e-370a922005ef","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":"7343cf74-2c82-4f17-b879-948b3cf58cfa","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":"77593d41-23f1-45e8-bf1e-588670fb38d1","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":"6638c83c-f826-4814-8b6f-b85a41568fb1","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"4268c984-8adb-4a42-acfc-ed99f34c50d0","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"d8b6312b-0814-4231-987f-1011a77d5736","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":"5e99833c-6d86-44fa-ab56-8e16cf88af56","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"74d9eaf6-5465-4e5d-88b0-337422bd95c4","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":"fbc8484c-030d-4ae2-a1ed-96ab471aa894","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":"4023db37-b7aa-44de-8842-2dd5184b7c1e","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"73990761-0403-4bdd-b12e-e387087a9163","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":"c68b6397-3ab1-4ad5-a403-6594b96061da","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":"8cf9031e-b079-469b-a5d2-8e09d3c59ef6","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"e56ccbb7-cb6e-44e5-9a84-6bf28bd3f32b","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"9c82e888-54a7-4ab4-9cb4-f8e88addfbf0","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":"a84c9983-ae24-4d5c-a4d9-4956e94e9c22","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":"6e0592e3-ccf1-40c4-8598-7e6b4787630d","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":"d176040e-d54e-4449-9737-a405420b0b42","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":"35f26465-f593-46e7-8aca-4c7e993d6b03","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":"1ce317e8-3e7a-423e-ae52-5a888392fe87","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":"ad05314d-e86f-4802-b547-bc82a65e8f54","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":"857eee4a-e0bc-4dde-b29c-0094333c7d01","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":"903dfa47-214d-4aa7-bfbc-e52f4a496136","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":"cc053900-af6b-4cb1-8dcd-5d92d65247d9","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":"41ce73dd-57db-4fab-a9b1-9f40c3dcdb21","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":"788147e1-01ed-4537-a296-da8c200b0b2c","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":"2e8a33cd-cfe1-4eb6-9ff4-f63bc8e0e54b","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":"72fa9ccc-a800-4c09-abab-ed6d069aa791","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"a0a96af5-3eec-49f9-b5f6-09fa5a7c7ffa","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"74fcb0fd-a02c-4553-9b9c-c73b1748f524","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"9e21eea9-29eb-4dd4-8e68-9e45437b0936","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"b790f93f-4dbb-4226-a516-6525bcbadd41","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":"3ed9de2d-8a82-4286-8752-75e6e26d067f","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":"1248b03e-3e2f-49a2-83be-e06a2df18105","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"c9226c08-a60d-4978-88e7-cefed111aff2","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"87ec3fbf-2915-4a17-b908-4f49021e44e2","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"61d78fb3-cd8c-46ed-bb3e-4cbb08dd6f6a","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"297e4d7b-9ec7-4968-8ce8-b0932109dec6","block_type":"box","text":"Report ID: 5592740.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"71e5a114-1cc8-42a9-8d65-bd8f41ce8064","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"1df30336-bdd3-4aaf-a823-e24b164269ab","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"41c07a65-2d35-4a25-a4a6-34a235c541a1","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"6004710f-d801-46e0-8f0f-21eb0b601b3e","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"bac8cde7-c49e-419e-963c-c6851594c0c4","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"f8cd6c2d-f808-4115-99b0-0324edc8b4e7","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"2fe75eb5-95a6-4824-a245-ac80e61d7787","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"2e1cf7b9-1c14-4f42-8088-6f12c95909c0","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"7adefb95-f40e-4f38-a33b-ae3eeb7e5cc7","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"3a188113-5d28-4f38-918c-eb875bfee469","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":"4eb717dd-c16e-46a5-8668-ae31b04138b3","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"49d01458-0099-45d0-bce6-eaf005676885","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"7ec7a39a-c8d8-4fa5-9472-f0aa82b3ba9e","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"90764825-6d6d-4a8d-a729-6450fb95431d","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"c1d896a1-93b0-4b87-849f-6ac9e3560f12","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"c91c3581-9178-4642-a293-49d923d7a4b1","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":"e9b44c2f-32bb-4b5d-9fa3-e23a5ad6d833","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":"d7bc29c0-b196-42b6-aff0-3489ff9cfe72","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":"2dff44f7-f961-4489-a7a8-08a405ad6d49","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":"4fa1c735-1e3b-47f8-9cc7-27ee893282db","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":"86a3224b-a548-4747-86e4-2d9198644a60","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"24847c53-e072-4067-a074-07635d0073da","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":"dc710cff-ec18-4aae-adc4-e7a0d837293d","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":"3eeea20c-e04c-4ade-b6d1-4313d3fe74b5","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":"342639f7-8ea7-40c7-849e-d518528903ae","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"5dd50208-16d6-4efe-a3dd-f9972ad2ddab","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":"31a7383c-fd62-453f-8d36-a99497d6ee41","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":"ff0617e2-599b-4c51-b06e-94c42efa6904","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":"f4af331a-ea62-47dd-a94e-2defc73a66b3","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":"abe980fd-068a-41fb-81a0-b73663d5ca9c","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":"769088d8-cefa-4bb1-b842-82b2421b8945","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":"2773814f-7a88-46c7-b4eb-f96add8653ba","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":"3cc66491-8289-4885-997e-dee74dc46953","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":"137e7b73-90ee-4666-9d2b-5ebbc0bf7ee7","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":"112c35f2-8d13-4757-9669-4b7ce820fb34","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":"43eae7af-f81b-4c20-b1f6-42494dad3faa","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":"bd96b79a-44bc-4f64-8f57-ec812d63d790","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":"7162e4c6-8c62-4013-b839-ae597a6124f4","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":"79cca3be-d4aa-4bcc-9508-42d3151f9ff0","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":"a1d2925f-66ed-416b-ba69-8ec432fbe6c7","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":"55d51d06-a3ec-4d53-965f-3e962bc22e42","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"bc58bbb5-8d07-4415-bde3-67339658394c","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":"93ad365f-0081-4d2d-ba87-e4fd1bcbd588","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":"803803c4-6e69-4182-888f-a965d8c29353","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":"e2e64904-4db1-406b-adbe-395312c0faeb","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":"cec940f9-9dec-4dd4-bd30-e5046a2ab87b","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"0d4fe288-5dec-42d3-adef-4ac4247d2183","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":"2676649c-d581-441d-bd4a-c11ce4fcf3cd","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":"801d5f5e-1809-461c-aa19-6e1452ff4e27","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":"3eb6c749-d560-4526-b0ef-c81266554b84","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":"27b47b9d-d6ec-4e6c-b37a-f491e043a383","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":"ff04da15-5446-4e2b-a7f3-7b5669779b8d","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":"74958fe3-9041-451e-8d4b-783cface5278","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"6d447c2f-a53f-4b30-ad72-aa685ab97ec9","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":"f2d05c11-4979-4918-a778-20b98f0f3ccb","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":"644cf173-faf9-4a0f-aa07-1593b916acde","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"64098b95-b9c1-4386-a630-3b31555264a3","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":"71156f44-5c6d-42f2-a2ad-5767a650a717","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":"dc79f794-422c-4fe1-99c8-720abf99584d","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":"a415873c-7320-4575-b0d5-245304405a1a","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":"4cf42042-8720-46fd-a8f8-cf491b790e68","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":"1447432c-ce29-40dc-90ca-dbf9aa5467a0","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"e0e36ed1-67d8-4fb4-a2bd-6e05a13bb4a3","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":"8a3d00ff-8d56-43f8-8b55-afad217ad8ca","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":"39709eb8-346b-407f-a71b-87f3ef6f1a11","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":"c85c132b-d0d7-40b2-ae0c-83197ac7bcdf","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":"bd5b93e9-784f-43d5-b842-f83affd9ee79","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":"26f54cc2-8e0a-4538-acf8-20a2fc6d7001","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":"9f463b2f-d50c-440a-9f63-b2c74615a712","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":"04977f32-e625-4cf8-8f0d-dfb3030b9725","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":"f88a9f7c-687b-49f9-9624-77e11c0f9562","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":"cc651329-853c-4465-8a5f-199bece51f52","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":"39db1148-7701-48bc-9574-1e2064029afa","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":"7aa2c5fa-8115-4c95-8178-720dd55d9351","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":"ad2b5e84-c571-45f5-8ca3-132995ddffb7","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":"2f81abcf-3bc4-42e2-9930-bfdab0fd55c3","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":"40e56130-f9f0-42a6-b2e1-f46b0dc4e7ee","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":"feef7f47-deee-4586-90f1-3bd5e077af79","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"7e8b2270-98ba-4877-b9ab-0462a16825c8","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":"6c3cb2a9-2396-40b8-a55f-46921322bc6c","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":"ef3eafd0-1434-44cb-ab56-b307bd4ad069","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":"17e18760-b332-4e5d-a58d-8cc7ce943814","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":"70bb6d78-9fe8-4d78-b447-11042d2abb61","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"c3d02d29-d809-48ec-8ebf-ffab462d1ba6","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"f3bacd3a-052b-42a7-9f4a-106604902127","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":"5f874902-f34d-47d5-a609-d8d9e8a2a6cb","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"8f3d83fb-647b-4ed7-881c-0638faf8e821","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":"bad71f54-a09b-48eb-bf63-c9a267342ae4","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":"16273cfd-9d30-4188-87c8-c8886d41f6c4","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"82c8dccd-8555-45ae-8d3c-0846754dd69f","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":"ed364416-c4ef-410c-a1a6-3a243ec0ad53","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":"7c6a5e98-4ee2-435c-b96a-7b3039df06f8","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":"e0f134e3-2002-44bb-aaff-dc0a23d27cd4","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":"d1a3139f-a2bb-49c8-b15c-a060f3f9c6cf","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":"c77e72a9-9393-4045-966e-de185863cdfd","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":"1c3b5eff-69cc-43d0-acd0-7dcbdcfc3cd5","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":"d3b72a25-fc43-49cd-b2a3-58b73dd3bd25","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":"811e6049-4568-4650-9c2b-272676c1edb0","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":"64c5e3c2-1440-4cb9-817e-07998c76b235","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":"935fe278-3b11-4320-bfd5-010850b25f46","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":"d398e8ed-4a69-4dd6-9a12-9211a10071a4","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":"ef8b8067-e9ef-4614-a980-91d586db1fb0","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":"eea69f73-3991-4206-834b-1e0787eadbbf","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"67cce776-773b-4de2-a765-1aa382d196bf","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":"e5f27098-fe87-4bc1-ad43-4d9549967592","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":"22fd03dd-9738-4b65-9bbe-c22851f51937","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":"9886ec1e-0797-48df-ae23-b1f23b23cae5","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":"832112ad-6469-4362-831d-d188980b7bea","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":"8e3a79c7-15b5-40d2-9d7d-2e5e532e0fda","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"5903b606-d1d1-4c8d-a3f3-50e32004eb3c","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":"44fbeb59-0694-4870-8123-cffb983644e4","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":"403a93fb-72c7-49a7-ac7f-d16d7f6fbab7","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":"36002fb6-c8cf-4197-aed8-0db589538357","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":"dad8adec-5580-474e-82d6-5798c575bb9b","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":"066cc616-54ca-4407-a973-b9e5bfc395c7","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":"c49c3942-4546-496b-9df8-844c9cefd3c0","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":"65f1ec07-be19-4a1a-a06f-4f77f21476ea","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":"55eb6e13-f90e-449e-abd5-5d8fee18fb89","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":"54e957f8-99d6-49a8-a56b-9c1a55963d1e","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":"9f7a10cc-fd0e-488a-ae2b-3fb007e8bc99","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":"8ea17194-70e4-4df0-8379-1b5e8968fe27","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":"bd155ac9-7b00-42d7-8c61-5c47c06d5edf","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":"ae0e1836-a983-4ad6-9ae9-ef8d2700a439","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":"380d97fb-d8a3-4a4b-a611-cefbe97dfec7","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":"ad59fe94-aea7-4433-8d83-a094244892d9","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":"e6f5642a-cfe1-40ee-a511-320f2cb374f9","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":"ab3ba0a4-3907-4100-9b77-937b11502245","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":"d6c72837-71ca-4b93-bd9e-4e6e6f7a7e06","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":"75814535-3ae2-4b37-b0cf-f1af1508f3fb","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":"9f583b4e-ed2a-4853-82e1-7d341d4eb1da","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":"ba08c841-9db0-4acf-a7fa-8ba7a5c8f9db","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":"92b82d14-dc54-4fba-8309-2c15481986b3","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":"1738bea0-02a8-423a-93f0-97acbcc71151","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":"f87de93d-d4ed-4ec4-a07d-af438ef825de","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":"3b45de14-0a59-46ff-9b16-5862de1bb32a","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":"3eade9c7-df29-49b3-a464-09cb4cf7a3d3","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"75c6e42a-5bb5-4f28-8cf1-6b492d18cb50","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":"8d49bdc1-ff9c-4461-8fce-a0d34a8514e4","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":"14626fd6-e8da-4637-ab5c-6b3681cc8482","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":"cf93b42c-4c5c-4715-b83b-a3be03789d09","block_type":"box","text":"Report ID: 5592740.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"620f66ce-662d-47ec-9468-828ff558bf6c","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"445ce38e-72a6-4317-a38b-0c32496c2e10","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"1d485d2d-7ea6-4a9c-b608-d6e52f422be8","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"38e53cc3-0dd7-457b-a652-893cfd64f5ec","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"df5cd4ca-1cf3-41e8-9dff-e0017d4219c4","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"a781e525-9f89-496e-85a5-4ba6935662f1","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"36287a09-f01f-4480-81e6-1f2f7d7cc597","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"483ec9ef-cd4d-498b-9bac-a4dc399d8c1d","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"bbd8f158-05cb-44e4-aa66-091e78a0de12","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":"b842fd84-d129-4ddc-b2d6-06133bdeb25e","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":"23576e5f-4a99-4305-b933-0a614195f06d","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"d9e283ee-e317-4b76-9f0e-fe59db1ad483","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":"235569e4-08b5-48bc-b27c-d4eb5e94ab66","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":"689d98fa-d2b9-47ea-9591-3c489c16b4f6","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"5675f9a0-260a-4953-8332-07b82b27f746","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":"538d36b9-7c5d-403f-b67b-21d9d24ff9a0","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":"3759e410-83a6-4d03-8455-c92c8c478a52","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":"93765f48-c10d-479f-bf11-9dd2f5c0dab1","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":"77e21c09-574f-4b5f-b979-5dc186a41607","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":"42588571-e06b-400f-818b-5b99152acb87","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"651e1c75-58e1-47b5-b898-6895f29d50b4","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"662ec4e5-61d6-4aff-9874-827dd4fcee5d","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"114878e5-cd99-46d1-bd18-6975f151a20c","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":"e3247b75-7c1b-435e-b7e3-43a1dc41d631","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"fea25135-3b6f-423a-be85-4a4513db9b31","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":"0cb48a19-5f17-4792-86f0-bad5924319ec","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":"137082c8-47a0-418b-8ece-a654731c75ba","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":"ac42f9d8-4396-4fd4-b29a-e1a8dc762eef","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":"97a873cd-6ef1-4f49-81ff-bb85f3b8ddc9","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"4cb91bef-8806-457b-82b7-53c87146ada2","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":"a8a92cb0-2ad2-46d6-a55b-06972d17bb07","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"216ff3b3-3ab2-44a2-8287-27f889f3644b","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":"64fb952d-f0a9-4820-803b-3f37712d7048","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":"c5b037c4-ff4c-480a-a198-ac4aa522d9bf","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":"10983aa3-403f-48ca-979b-fd2a4e759d72","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":"bd1b4269-ce69-4262-ab43-19da35acf48e","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":"0f4a2382-0b3c-46f3-b37f-e61dd119865a","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":"dda6c31c-a08f-429a-a041-5ca0143ca828","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":"b4b993c7-cb6f-4bbe-a889-29e319d87460","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":"d1714226-a2b8-4f7f-8826-c4bd7d1b586c","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":"f7127af4-cc76-469c-bd2d-9bb9f76fd0b8","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"7d0d3d7a-e049-403f-a9bc-305f939d5ef6","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":"03016473-ab0b-4123-af01-54a150ae7e2f","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":"e7bc4d86-12a1-4988-8e83-00065359a0c3","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":"30451b1f-3834-4c4e-bf84-3c688a4ce77c","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"a615b500-5aef-4a31-88bf-11ff7c7826d7","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":"02a52ddc-a482-441e-8408-b42d2b2a2c38","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":"7d4a5dea-aea9-4922-bc1f-6b015725b500","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":"0eb3ea57-698c-4b30-a5c9-c93658dd1ff8","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":"0a911d06-cf8e-4f22-9251-c19cc44c1fd3","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":"306dd8d7-6fbe-4dd2-a7ff-1ce2a55c08e0","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":"4aeb5d9e-1dc8-4706-ae37-0fecf17f6262","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":"c74f2a45-9b8b-45fd-8c36-185f1ed4458b","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":"c68b49c9-c11c-4b59-951d-8900a84a02ca","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":"3608d1e9-5161-47a6-8418-c6646ee21641","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":"ca55fe22-a3f2-4f7c-a0af-452019aea0b1","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":"221143f5-4b4f-4788-9c08-a6a15a636895","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":"36b0a67f-6df6-467c-bb53-64957c070070","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"0a72338e-630c-472f-840c-f399921232dd","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":"d0aaec6e-2c90-40c2-88e7-33e6101e441d","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":"3b66c397-1ec9-43b9-8ddd-367f8c3b5b7c","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":"55da404b-b7e6-482e-b407-416d60bb60d8","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"89f0dc83-46a3-4bf8-bc89-36c5927ccf88","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"d94c47e0-a9bc-4fb6-8369-eae3a417f9cc","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"65a38b32-c037-4975-91dd-efc61a418054","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"8486fae6-2629-46fd-94a4-33cae95746fb","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"c964c842-343d-4f37-9b9a-9cd6fd5e978f","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"e605eb4a-75e5-48b4-97ef-12a19df2cad5","block_type":"box","text":"Report ID: 5592740.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"b985e7a4-1edc-4776-b3b8-2ff4ed5b7fb6","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"3780adf6-8d41-45d0-8d3a-a1ac8e18c964","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"bcbfd1be-638b-41f3-9add-f933b58b3b5f","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"16487eb2-cc58-4426-9b34-00f0839ab92c","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"c3c658ce-7ed5-41ba-9eda-712ceb80c4ec","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"024a328f-3949-4d44-8d9b-2a14ce66448f","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"40b8709a-af1d-47c4-b370-ee7987aafb12","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"cb81df6d-38b3-49a1-b6b4-ee01681d9a28","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":"e069c939-0985-402c-ac81-968a6ebd78c1"},"user_id":1000002,"date_created":"2026-10-05T20:58:50.613000Z","date_modified":"2026-10-05T20:58:50.613000Z","private":false}