{"annotation_id":"5c712a01-e3ed-40d1-be82-1973c7621d4b","file_hash":"1870e589ae5cf4091353b5a9ee0326ed664212edefba93f6c86d0da459c6f505","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"233b26d3-467a-4bce-b507-9027e9c7dddb","block_type":"box","text":"State Street SPDR MSCI World Industrials UCITS ETF","page_number":1,"box":{"x":82,"y":44,"width":382,"height":8}},{"id":"2c5eeb5f-de6a-4096-af51-b87cd5fe76c9","block_type":"box","text":"SSGA SPDR ETFs Europe II Plc","page_number":1,"box":{"x":92,"y":212,"width":306,"height":13}},{"id":"653c91c8-69ed-4a2c-a660-fa50d26c3af6","block_type":"box","text":"19 February 2026","page_number":1,"box":{"x":93,"y":229,"width":156,"height":13}},{"id":"b49d62d2-fc5a-4fbf-9d1f-221744ebd1e9","block_type":"box","text":"State Street SPDR MSCI World","page_number":1,"box":{"x":84,"y":249,"width":743,"height":27}},{"id":"d0553113-8a49-4aa8-b3f2-7c5c1bf03508","block_type":"box","text":"Industrials UCITS ETF","page_number":1,"box":{"x":85,"y":290,"width":525,"height":27}},{"id":"e331e41f-c981-4bf5-a5bf-93e0a7b21790","block_type":"box","text":"Supplement No. 43","page_number":1,"box":{"x":84,"y":337,"width":197,"height":14}},{"id":"84997c77-d5a7-4388-9a68-ea3f6be47b22","block_type":"box","text":"(A sub-fund of SSGA SPDR ETFs Europe II plc (the “Company”) an open-ended investment company constituted","page_number":1,"box":{"x":83,"y":362,"width":833,"height":12}},{"id":"87da83d8-e86f-4d5f-a8b2-54a31a2f9996","block_type":"box","text":"as an umbrella fund with segregated liability between sub-funds authorised by the Central Bank of Ireland pursuant","page_number":1,"box":{"x":82,"y":378,"width":834,"height":11}},{"id":"ad814af8-20d5-4ff4-a79c-871d46395f03","block_type":"box","text":"to the UCITS Regulations).","page_number":1,"box":{"x":82,"y":393,"width":199,"height":12}},{"id":"ae5f4978-3b09-49f5-ae0c-721f161ab768","block_type":"box","text":"This Supplement (the “Supplement”) forms part of the Prospectus dated 19 February 2026 as amended","page_number":1,"box":{"x":82,"y":424,"width":834,"height":11}},{"id":"b3021bd1-d20a-442b-b16b-c5d2124fc864","block_type":"box","text":"from time to time (the “Prospectus”) in relation to the Company. This Supplement should be read together","page_number":1,"box":{"x":82,"y":440,"width":835,"height":11}},{"id":"f0cc86d5-0901-401e-b80a-81862b159616","block_type":"box","text":"with the Prospectus and Packaged Retail and Insurance-based Investment Product document (“PRIIPs","page_number":1,"box":{"x":82,"y":455,"width":834,"height":11}},{"id":"99a86e46-42d0-41ee-9b83-db5cb1f1fb2d","block_type":"box","text":"KID”) or Key Investor Information Document (“KIID”).","page_number":1,"box":{"x":83,"y":470,"width":417,"height":12}},{"id":"0cf2d243-7317-4851-bc56-a6d816751f8a","block_type":"box","text":"It contains information relating to the State Street SPDR","page_number":1,"box":{"x":510,"y":470,"width":406,"height":12}},{"id":"84a559ca-8bb9-41be-8f74-d3dfd8ad7df8","block_type":"box","text":"MSCI World Industrials UCITS ETF (the “Fund”), which is represented by the State Street SPDR MSCI World","page_number":1,"box":{"x":83,"y":486,"width":833,"height":11}},{"id":"8a0d57f0-dfa7-4aaa-a9b9-bf935f14e415","block_type":"box","text":"Industrials UCITS ETF series of shares in the Company (the “Shares”).","page_number":1,"box":{"x":83,"y":501,"width":524,"height":12}},{"id":"d60a6261-b2cb-4461-bcab-15568fbcc750","block_type":"box","text":"All Shares in this Fund have been designated as ETF Shares. Unless otherwise defined herein or unless the","page_number":1,"box":{"x":82,"y":532,"width":834,"height":11}},{"id":"1f9ab759-3317-4915-9123-7fe4c92e886c","block_type":"box","text":"context otherwise requires, all defined terms used in this Supplement shall bear the same meaning as in the","page_number":1,"box":{"x":82,"y":547,"width":834,"height":12}},{"id":"10a20074-5d28-49c7-b66e-49c9edbda3b8","block_type":"box","text":"Prospectus.","page_number":1,"box":{"x":83,"y":563,"width":86,"height":11}},{"id":"04d98f55-6392-4ad4-bb76-93a3c6245418","block_type":"box","text":"Prospective investors should review the entire Supplement, the Prospectus and PRIIPs KID or KIID carefully. If","page_number":1,"box":{"x":83,"y":594,"width":833,"height":11}},{"id":"07ed560c-2cdd-4662-bca7-0dbd84d2bd20","block_type":"box","text":"you have any questions, you should consult your stockbroker or financial adviser. Potential investors should","page_number":1,"box":{"x":82,"y":609,"width":834,"height":11}},{"id":"ba56e3a7-7e26-4545-a4e1-7cf5e0d8768f","block_type":"box","text":"consider the risk factors set out in the Prospectus and in this Supplement before investing in this Fund. The","page_number":1,"box":{"x":82,"y":625,"width":834,"height":11}},{"id":"aa2facd5-ca44-4511-b92c-f724e1bbd15f","block_type":"box","text":"Company and the Directors listed in the “Management” section of the Prospectus, accept responsibility for the","page_number":1,"box":{"x":82,"y":640,"width":834,"height":11}},{"id":"658ea3b6-d39c-4e57-bdbf-6c5bebfec21d","block_type":"box","text":"information contained in this Supplement.","page_number":1,"box":{"x":83,"y":655,"width":305,"height":12}},{"id":"19368672-8a44-4686-99c2-1c9f6b3eadb6","block_type":"box","text":"State Street SPDR MSCI World Industrials UCITS ETF","page_number":2,"box":{"x":82,"y":44,"width":382,"height":8}},{"id":"84c3b5cd-aacc-4ce4-a2bb-4beb0a6038d7","block_type":"box","text":"Fund Characteristics","page_number":2,"box":{"x":87,"y":85,"width":165,"height":9}},{"id":"8ba14478-fc4d-4c11-9acc-9b64b43bc572","block_type":"box","text":"Base Currency","page_number":2,"box":{"x":87,"y":104,"width":98,"height":10}},{"id":"3b6af6bf-4454-4fc8-8577-ac31c711e6d0","block_type":"box","text":"USD","page_number":2,"box":{"x":329,"y":104,"width":30,"height":8}},{"id":"f9420904-4e34-484e-93b1-b5351df1da9b","block_type":"box","text":"Investment Manager","page_number":2,"box":{"x":87,"y":122,"width":136,"height":10}},{"id":"ff7d410e-ddad-4104-ba29-6afc91a3050c","block_type":"box","text":"State Street Global Advisors Europe Limited.","page_number":2,"box":{"x":329,"y":122,"width":298,"height":10}},{"id":"1365ceb4-09d9-48cb-9ad2-a42dbc6f5098","block_type":"box","text":"Sub-Investment Manager(s)","page_number":2,"box":{"x":90,"y":141,"width":186,"height":10}},{"id":"ab73a075-d837-46a9-98db-3b305d2c499a","block_type":"box","text":"State Street Global Advisors Limited.","page_number":2,"box":{"x":331,"y":141,"width":245,"height":8}},{"id":"1281fd00-7e79-400b-802c-8adcc8d152e4","block_type":"box","text":"ISIN","page_number":2,"box":{"x":87,"y":160,"width":27,"height":8}},{"id":"91d7b892-19af-4384-a892-c7dd5f2382ef","block_type":"box","text":"IE00BYTRRC02.","page_number":2,"box":{"x":329,"y":160,"width":112,"height":8}},{"id":"e6b02880-39ed-47e5-a749-6a5b2e870b3d","block_type":"box","text":"Total Expense Ratio (TER)","page_number":2,"box":{"x":86,"y":184,"width":179,"height":10}},{"id":"1c305ddc-8b0f-4369-8302-b76f877103f6","block_type":"box","text":"Up to 0.30%. Further information in this respect is set out in the","page_number":2,"box":{"x":329,"y":178,"width":423,"height":10}},{"id":"6086c7c3-fa9f-4e6d-afd5-ef6ce4417e6f","block_type":"box","text":"“Fees and Expenses”","page_number":2,"box":{"x":758,"y":178,"width":154,"height":10}},{"id":"f5edb890-703c-47e6-83e2-4c51ab543b67","block_type":"box","text":"section of the Prospectus.","page_number":2,"box":{"x":329,"y":190,"width":172,"height":10}},{"id":"96aebf54-24df-42fb-91b8-211dd672e72a","block_type":"box","text":"Dividend Policy","page_number":2,"box":{"x":87,"y":208,"width":102,"height":10}},{"id":"7c521bc2-30dd-4d47-b602-d61bc81a0f78","block_type":"box","text":"All income and gains will be accumulated in the Net Asset Value per Share.","page_number":2,"box":{"x":328,"y":208,"width":503,"height":10}},{"id":"2c274172-d1af-4eb8-8be7-97a9563844ad","block_type":"box","text":"SFDR Fund Classification","page_number":2,"box":{"x":86,"y":232,"width":172,"height":8}},{"id":"6d57049f-35e9-4d3b-a4c0-f919e38e33dd","block_type":"box","text":"SFDR Fund Classification - For the purposes of SFDR","page_number":2,"box":{"x":329,"y":226,"width":388,"height":10}},{"id":"b31b0ff1-7f77-4c53-8d68-30edb54518ce","block_type":"box","text":"Article 6, the integration of","page_number":2,"box":{"x":725,"y":226,"width":188,"height":10}},{"id":"d47f6bc6-2920-4217-9dda-582d82dce71e","block_type":"box","text":"Sustainability Risk is not relevant for this Fund.","page_number":2,"box":{"x":329,"y":238,"width":311,"height":11}},{"id":"90a279ed-5e71-4336-acaa-6809f60a914d","block_type":"box","text":"Dealing Information","page_number":2,"box":{"x":87,"y":268,"width":155,"height":11}},{"id":"72b0651a-6630-435a-b05b-a9b8a596453a","block_type":"box","text":"Dealing Deadline","page_number":2,"box":{"x":87,"y":317,"width":113,"height":10}},{"id":"19e54101-b995-479f-b0f0-b76539012b0a","block_type":"box","text":"Cash subscriptions and redemptions: 4.00 p.m. (Irish time) on each Dealing Day.","page_number":2,"box":{"x":329,"y":287,"width":538,"height":10}},{"id":"6e271b14-bd03-4922-b6ce-b480c4669d9c","block_type":"box","text":"Cash subscriptions and redemptions on on","page_number":2,"box":{"x":329,"y":299,"width":290,"height":10}},{"id":"e1a4d3c5-63d4-4a2c-8988-3e2044cefdd8","block_type":"box","text":"the last Dealing Day prior to 25 December","page_number":2,"box":{"x":625,"y":299,"width":289,"height":10}},{"id":"fb336d76-8416-4945-bd1a-243176215d92","block_type":"box","text":"and 1 January each year: 11.00 a.m. (Irish time).","page_number":2,"box":{"x":329,"y":311,"width":324,"height":10}},{"id":"f37363e7-9e1b-47ae-8cc5-81c03f00f8d4","block_type":"box","text":"Earlier or later times may be determined by the Management Company at its","page_number":2,"box":{"x":329,"y":323,"width":514,"height":11}},{"id":"22e5e789-bb6d-4d1b-88f8-5b2c638a3ed0","block_type":"box","text":"discretion","page_number":2,"box":{"x":849,"y":324,"width":63,"height":7}},{"id":"82629840-0c1d-4e82-b1ce-c0449f78ba4b","block_type":"box","text":"with prior notice to the Authorised Participants.","page_number":2,"box":{"x":328,"y":336,"width":311,"height":10}},{"id":"f4289774-2583-44b8-93ac-ddf534a72e76","block_type":"box","text":"In-kind dealing by Shareholders is not permitted.","page_number":2,"box":{"x":329,"y":348,"width":322,"height":10}},{"id":"27a96758-46b8-4980-a29a-3f71902610f6","block_type":"box","text":"Settlement Deadline","page_number":2,"box":{"x":86,"y":403,"width":135,"height":8}},{"id":"a6031093-dbe2-4e22-9b0b-0d5ee21b0eab","block_type":"box","text":"For subscriptions 3.00 p.m. (Irish time) on the second","page_number":2,"box":{"x":329,"y":366,"width":366,"height":10}},{"id":"ef4d0be0-0f26-4cd4-a5ea-d33026cf7add","block_type":"box","text":"Business Day after the Dealing","page_number":2,"box":{"x":702,"y":366,"width":210,"height":10}},{"id":"830b4a1e-1321-41bc-88b4-899a2a6740c2","block_type":"box","text":"Day: for redemptions 3.00 p.m. (Irish time) on the","page_number":2,"box":{"x":329,"y":378,"width":334,"height":10}},{"id":"6913c2fc-d2d7-451d-9490-63c33919307d","block_type":"box","text":"third Business Day after the Dealing","page_number":2,"box":{"x":669,"y":378,"width":243,"height":10}},{"id":"2e1a9097-2dbb-4ba6-8bfe-48ed77d8f5e8","block_type":"box","text":"Day:, or such earlier or later date as may be determined by or agreed with the","page_number":2,"box":{"x":329,"y":391,"width":584,"height":10}},{"id":"684b6005-5f53-4bed-9c49-3e1d6193fef2","block_type":"box","text":"Management Company. The Management Company","page_number":2,"box":{"x":329,"y":403,"width":354,"height":10}},{"id":"bbe44470-c215-434f-b9d8-5fc160b2fc3a","block_type":"box","text":"/Company will notify Shareholders","page_number":2,"box":{"x":683,"y":403,"width":230,"height":10}},{"id":"67ed4fee-58d2-4738-a6c4-55629058349d","block_type":"box","text":"if, (i) an earlier Settlement Deadline applies in respect of subscriptions, or (ii) a later","page_number":2,"box":{"x":329,"y":415,"width":584,"height":10}},{"id":"b0a5545f-4f85-47e4-9b22-eafbe1e6db8b","block_type":"box","text":"Settlement Deadline applies in respect of redemptions. Settlement may be impacted by","page_number":2,"box":{"x":329,"y":427,"width":584,"height":11}},{"id":"41da75e8-f900-49d4-882b-35797bced896","block_type":"box","text":"the settlement schedule of the underlying markets.","page_number":2,"box":{"x":328,"y":440,"width":337,"height":10}},{"id":"5dae746c-391e-4946-84a4-dc641e818562","block_type":"box","text":"Dealing NAV","page_number":2,"box":{"x":87,"y":464,"width":85,"height":10}},{"id":"7de2b7a5-ff3f-4283-9b3a-3095d8e4d839","block_type":"box","text":"The Net Asset Value per Share calculated as at the Valuation Point on the Business Day","page_number":2,"box":{"x":328,"y":458,"width":585,"height":10}},{"id":"e6d6a623-c701-45c2-8a60-aa92ec2edd11","block_type":"box","text":"following the relevant Dealing Day.","page_number":2,"box":{"x":328,"y":470,"width":232,"height":10}},{"id":"bb920216-5d63-4854-8131-61361e12e09d","block_type":"box","text":"Minimum Subscription and","page_number":2,"box":{"x":86,"y":488,"width":177,"height":10}},{"id":"b612029b-4f6f-44c0-9442-a863fa3ae440","block_type":"box","text":"Redemption Amount","page_number":2,"box":{"x":87,"y":500,"width":136,"height":10}},{"id":"12bf3913-16ce-40ae-a8b7-d33520bc61e8","block_type":"box","text":"Authorised Participants should refer to the Authorised Participant Operating Guidelines","page_number":2,"box":{"x":328,"y":488,"width":585,"height":10}},{"id":"0baa3d73-5121-4d05-8afa-a8807c6e2ed4","block_type":"box","text":"for details of the current minimum subscription and redemption amounts for the Fund.","page_number":2,"box":{"x":328,"y":500,"width":570,"height":10}},{"id":"41cc73cd-1ee5-4fab-aea7-beac393d8ebc","block_type":"box","text":"Index Information","page_number":2,"box":{"x":86,"y":529,"width":139,"height":9}},{"id":"d008fff0-1eb4-41c1-b79e-e291dc7cc8d7","block_type":"box","text":"Index (Ticker)","page_number":2,"box":{"x":87,"y":548,"width":90,"height":10}},{"id":"d2a7efcd-0290-46cf-aece-bbced88760c4","block_type":"box","text":"MSCI World Industrials 35/20 Capped Index (NU731556).","page_number":2,"box":{"x":329,"y":548,"width":384,"height":10}},{"id":"3db125ce-ab02-4f9e-ad16-8e457e42584b","block_type":"box","text":"Index Rebalance Frequency","page_number":2,"box":{"x":87,"y":567,"width":187,"height":10}},{"id":"9b62adf3-8eb7-4b29-bd2c-4343a64d6b76","block_type":"box","text":"Quarterly.","page_number":2,"box":{"x":329,"y":567,"width":64,"height":10}},{"id":"7803eaec-d6fe-479a-9a79-12f7297cfdbd","block_type":"box","text":"Additional Index Information","page_number":2,"box":{"x":86,"y":597,"width":186,"height":8}},{"id":"3248b082-d057-4698-8be8-27e6e147eb01","block_type":"box","text":"Further details of the Index and its performance can be found at:","page_number":2,"box":{"x":329,"y":585,"width":428,"height":10}},{"id":"c8300d55-5b79-402c-beb7-36c46d21c692","block_type":"box","text":"https://www.msci.com/constituents","page_number":2,"box":{"x":329,"y":597,"width":230,"height":10}},{"id":"d828655d-040c-4b77-a385-0e40ff3b2bb3","block_type":"box","text":"https://www.msci.com/documents/10199/c9fe4af3-938a-ae08-fed1-49bd2e761fa5","page_number":2,"box":{"x":329,"y":609,"width":545,"height":11}},{"id":"4252abdd-e17e-4f97-ab71-44c7a37871ad","block_type":"box","text":"Valuation Information","page_number":2,"box":{"x":86,"y":639,"width":171,"height":8}},{"id":"1d831c0a-833c-42ea-9364-6c9a4d737235","block_type":"box","text":"Valuation","page_number":2,"box":{"x":86,"y":664,"width":62,"height":8}},{"id":"a980352f-a368-435d-901a-5eaf7eb986d1","block_type":"box","text":"The Net Asset Value per Share is calculated in accordance with the “","page_number":2,"box":{"x":328,"y":657,"width":465,"height":11}},{"id":"6f0428f0-ee9a-4f7b-ae06-4396dd932cba","block_type":"box","text":"Determination of","page_number":2,"box":{"x":794,"y":658,"width":119,"height":7}},{"id":"3750f1e3-e43b-442b-9c1d-cbfccf6bfedb","block_type":"box","text":"Net Asset Value","page_number":2,"box":{"x":329,"y":670,"width":113,"height":8}},{"id":"62cbf845-9d09-4430-8611-8af998ed82c3","block_type":"box","text":"” section of the Prospectus.","page_number":2,"box":{"x":443,"y":670,"width":182,"height":10}},{"id":"a1b8edb6-2803-49cf-9615-3627d1a5f676","block_type":"box","text":"Valuation Pricing Used","page_number":2,"box":{"x":86,"y":688,"width":152,"height":10}},{"id":"461d8bf3-884d-4e39-8486-6f2afad44931","block_type":"box","text":"Last traded.","page_number":2,"box":{"x":329,"y":688,"width":78,"height":8}},{"id":"c46333b1-2070-49dc-8712-7dd4618890e5","block_type":"box","text":"Valuation Point","page_number":2,"box":{"x":86,"y":706,"width":101,"height":8}},{"id":"60284d8b-f29f-48a5-9bce-ec208866980a","block_type":"box","text":"10.15 p.m. (Irish time) on each Business Day.","page_number":2,"box":{"x":330,"y":706,"width":303,"height":10}},{"id":"1f5f5237-99f2-40c7-8992-2c1861ecf08e","block_type":"box","text":"State Street SPDR MSCI World Industrials UCITS ETF","page_number":3,"box":{"x":82,"y":44,"width":382,"height":8}},{"id":"eedbc0be-b00a-4d75-91ab-9f34af88ba9c","block_type":"box","text":"Investment Objective and Policy","page_number":3,"box":{"x":83,"y":100,"width":301,"height":14}},{"id":"47aee8fb-5d6d-421f-bf55-dea8fc9355cb","block_type":"box","text":"Investment Objective:","page_number":3,"box":{"x":83,"y":123,"width":159,"height":10}},{"id":"71283d83-e2fc-4aff-a4a2-5c04c73118f4","block_type":"box","text":"The investment objective of the","page_number":3,"box":{"x":253,"y":123,"width":228,"height":10}},{"id":"9e1a0a82-3819-4e71-b106-1a803df3b997","block_type":"box","text":"Fund is to track the performance of companies in the","page_number":3,"box":{"x":83,"y":137,"width":398,"height":10}},{"id":"1ea59c9f-1438-49d4-8ffe-7c3bc6b211fd","block_type":"box","text":"Industrials sector, across developed markets globally.","page_number":3,"box":{"x":83,"y":152,"width":356,"height":10}},{"id":"9d148e17-3047-4898-8ee2-3198031e7b42","block_type":"box","text":"Investment Policy:","page_number":3,"box":{"x":83,"y":175,"width":131,"height":10}},{"id":"20b60ad0-a27c-4a52-9d89-e9e55ed16d49","block_type":"box","text":"The investment policy of the Fund is to","page_number":3,"box":{"x":220,"y":175,"width":261,"height":10}},{"id":"6bc606d9-fbfb-4a54-8954-5e516fbd0f41","block_type":"box","text":"track the performance of the Index (or any other index","page_number":3,"box":{"x":82,"y":189,"width":399,"height":11}},{"id":"bdea35ad-0e28-4a2a-b00e-71a38d613c44","block_type":"box","text":"determined by the Directors from time to time to track","page_number":3,"box":{"x":82,"y":204,"width":399,"height":10}},{"id":"e8b9d6e1-2f12-44d1-8b62-c2e154dcd6a1","block_type":"box","text":"substantially the same market as the Index) as closely as","page_number":3,"box":{"x":82,"y":218,"width":399,"height":10}},{"id":"96ec288e-b424-438f-931f-927bebc1dc76","block_type":"box","text":"possible, while seeking to minimise as far as possible the","page_number":3,"box":{"x":83,"y":232,"width":398,"height":10}},{"id":"49118fdc-9391-4b32-88c3-bbc44cf4da94","block_type":"box","text":"tracking difference between the Fund’s performance and","page_number":3,"box":{"x":82,"y":247,"width":398,"height":10}},{"id":"7d707e93-9b98-4be1-9598-ce444b512abb","block_type":"box","text":"that of the Index.","page_number":3,"box":{"x":82,"y":261,"width":111,"height":8}},{"id":"2c73b8f2-f8b1-4fc2-b273-e0b33dc48fa5","block_type":"box","text":"The Index measures the performance of global equities that","page_number":3,"box":{"x":82,"y":284,"width":399,"height":11}},{"id":"c22f2ab4-0e49-46f5-a856-89b561d68e94","block_type":"box","text":"are classified as falling within the Industrials sector, as per","page_number":3,"box":{"x":82,"y":299,"width":399,"height":10}},{"id":"162f1b01-be03-45cd-9add-0074addd8e26","block_type":"box","text":"the Global Industry Classification Standard (GICS). GICS is","page_number":3,"box":{"x":82,"y":313,"width":399,"height":10}},{"id":"2acfb3c1-d914-44ad-aa11-4b3b967da3b6","block_type":"box","text":"a widely accepted industry analysis framework, jointly","page_number":3,"box":{"x":82,"y":327,"width":399,"height":10}},{"id":"9b813a83-dd41-417c-9214-dbfcc8f37176","block_type":"box","text":"developed and maintained by MSCI and Standard & Poor's.","page_number":3,"box":{"x":82,"y":341,"width":398,"height":11}},{"id":"0d041163-584e-45aa-b066-0c96d82b5173","block_type":"box","text":"Securities are weighted by market capitalisation. Index","page_number":3,"box":{"x":82,"y":356,"width":399,"height":10}},{"id":"e5c33a1d-d189-4b7a-9e77-4549f15c0d3e","block_type":"box","text":"constituents may on occasion be rebalanced more often","page_number":3,"box":{"x":82,"y":370,"width":398,"height":10}},{"id":"e4cfe057-5c41-4e62-96a0-3a1738818950","block_type":"box","text":"than the Index Rebalance Frequency, if required by the","page_number":3,"box":{"x":82,"y":384,"width":399,"height":10}},{"id":"1cce65a1-11e4-4bb7-b4d5-361d1950fe51","block_type":"box","text":"Index methodology, including for example where corporate","page_number":3,"box":{"x":83,"y":398,"width":398,"height":11}},{"id":"2b5de59b-641f-480f-939b-e73bc61a40e2","block_type":"box","text":"actions such as mergers or acquisitions affect components","page_number":3,"box":{"x":82,"y":413,"width":399,"height":10}},{"id":"2732a61f-2ab3-4183-bd65-d753c64e838e","block_type":"box","text":"of the Index.","page_number":3,"box":{"x":82,"y":427,"width":82,"height":8}},{"id":"f612472b-6bfe-4874-80e6-453cd44e88d4","block_type":"box","text":"Although the Index is generally well diversified, because of","page_number":3,"box":{"x":82,"y":451,"width":399,"height":10}},{"id":"574e8647-b8b4-43be-a800-be25fef1cbf2","block_type":"box","text":"the market it reflects it may, depending on market conditions,","page_number":3,"box":{"x":82,"y":465,"width":398,"height":10}},{"id":"e1cc5dc7-26cb-4c20-b2db-a42cde899652","block_type":"box","text":"contain constituents issued by the same body that may","page_number":3,"box":{"x":82,"y":479,"width":399,"height":10}},{"id":"07cface4-e68a-40d7-83ab-f00cfc388b76","block_type":"box","text":"represent more than 10% of the Index. In order for the Fund","page_number":3,"box":{"x":83,"y":493,"width":397,"height":10}},{"id":"5f21b531-fb1e-43b8-9565-a4e473837d69","block_type":"box","text":"to track the Index accurately, the Fund will make use of the","page_number":3,"box":{"x":82,"y":508,"width":399,"height":10}},{"id":"d8ad526f-4878-4516-9486-d2779b248fbe","block_type":"box","text":"increased diversification limits available under Regulation 71","page_number":3,"box":{"x":83,"y":522,"width":395,"height":10}},{"id":"fc1f565d-8cde-4580-8c71-a1caef90383d","block_type":"box","text":"of the UCITS Regulations. These limits permit the Fund to","page_number":3,"box":{"x":82,"y":536,"width":399,"height":10}},{"id":"af2b1a81-8a1d-429f-9823-ac5dfa5cf65c","block_type":"box","text":"hold positions in individual constituents of the Index issued","page_number":3,"box":{"x":83,"y":550,"width":397,"height":10}},{"id":"dc3e91be-dce3-4d4b-95d9-645846a49c0c","block_type":"box","text":"by the same body of up to 20% of the Fund’s Net Asset","page_number":3,"box":{"x":83,"y":565,"width":398,"height":10}},{"id":"231c7b25-03f9-4f27-869c-864f2623d23f","block_type":"box","text":"Value.","page_number":3,"box":{"x":82,"y":579,"width":42,"height":8}},{"id":"2fd29169-d162-466c-aa32-d53a300e6d78","block_type":"box","text":"The Investment Manager and/or Sub-Investment Manager,","page_number":3,"box":{"x":82,"y":602,"width":398,"height":11}},{"id":"b74cc483-1b4f-47da-8159-3ccf9df2a47a","block_type":"box","text":"on behalf of the Fund, will invest using the replication","page_number":3,"box":{"x":82,"y":617,"width":398,"height":10}},{"id":"b6f46653-18ef-4ec7-a308-30aa8ad5d088","block_type":"box","text":"strategy as further described in the \"","page_number":3,"box":{"x":82,"y":631,"width":238,"height":10}},{"id":"99f985fa-9b31-4b64-8161-726f038bc402","block_type":"box","text":"Investment Objectives","page_number":3,"box":{"x":322,"y":631,"width":159,"height":10}},{"id":"a7cecbff-ac02-451c-a72b-1711b91fc881","block_type":"box","text":"and Policies – Index Tracking Funds","page_number":3,"box":{"x":82,"y":645,"width":285,"height":10}},{"id":"5c504555-d791-46d6-ad59-acea5b8cd8a9","block_type":"box","text":"\" section of the","page_number":3,"box":{"x":368,"y":645,"width":113,"height":8}},{"id":"8f6cc6e7-52a9-4d5f-8b69-a7328a6c0ce2","block_type":"box","text":"Prospectus, primarily in the securities of the Index, at all","page_number":3,"box":{"x":83,"y":659,"width":397,"height":10}},{"id":"9aa465b9-7d5e-4ac3-929d-612307744a39","block_type":"box","text":"times in accordance with the Investment Restrictions set","page_number":3,"box":{"x":82,"y":674,"width":399,"height":8}},{"id":"5387e539-aab1-4132-affa-4fc12888f3f1","block_type":"box","text":"forth in the Prospectus. The Investment Manager and/or","page_number":3,"box":{"x":82,"y":688,"width":399,"height":10}},{"id":"e1d0dca5-0657-4972-8c3c-62b336cf761f","block_type":"box","text":"Sub-Investment Manager also may, in exceptional","page_number":3,"box":{"x":82,"y":702,"width":398,"height":10}},{"id":"a6d09d91-ccc3-42fb-adbe-8d8fabf71584","block_type":"box","text":"circumstances, invest in securities not included in the Index","page_number":3,"box":{"x":82,"y":717,"width":399,"height":9}},{"id":"854b22ad-078e-4e77-8292-a6c4dcd72d7a","block_type":"box","text":"but that it believes closely reflect the risk and distribution","page_number":3,"box":{"x":83,"y":731,"width":397,"height":10}},{"id":"38e445ca-2057-4d71-a6f0-1898e61eecbd","block_type":"box","text":"characteristics of securities of the Index. The equity","page_number":3,"box":{"x":82,"y":745,"width":399,"height":10}},{"id":"05df28cd-7116-4d43-bf37-b508693e4e90","block_type":"box","text":"securities in which the Fund invests will be primarily listed or","page_number":3,"box":{"x":82,"y":759,"width":399,"height":10}},{"id":"28a9cfb3-43ff-49c1-bc67-bf48c6a17de7","block_type":"box","text":"traded on Recognised Markets in accordance with the limits","page_number":3,"box":{"x":82,"y":773,"width":399,"height":10}},{"id":"09d842a9-9ab0-40fc-9fe0-93509b275c29","block_type":"box","text":"set out in the UCITS Regulations. Details of the Fund’s","page_number":3,"box":{"x":82,"y":787,"width":399,"height":11}},{"id":"65dddb24-6052-4c77-85de-7377b647d0bc","block_type":"box","text":"portfolio and the indicative net asset value per Share for the","page_number":3,"box":{"x":83,"y":802,"width":398,"height":10}},{"id":"6dc411b2-95b1-476e-ae5d-3b7c81ed7926","block_type":"box","text":"Fund are available on the Website daily.","page_number":3,"box":{"x":83,"y":816,"width":267,"height":10}},{"id":"92e53931-234c-4b5f-94ac-459a866e9ee5","block_type":"box","text":"Permitted Investments","page_number":3,"box":{"x":83,"y":841,"width":212,"height":10}},{"id":"f49a2ce7-6919-4cf3-af41-cec6c22e0d9b","block_type":"box","text":"Equities:","page_number":3,"box":{"x":83,"y":863,"width":61,"height":10}},{"id":"35c17e71-010c-4b0b-8bec-4ad4fdb275ae","block_type":"box","text":"The securities in which the Fund invests may","page_number":3,"box":{"x":154,"y":863,"width":327,"height":10}},{"id":"ae1ed4ca-3596-4a9c-be97-3bb68bbe9e5f","block_type":"box","text":"include equities, or equity-related securities such as","page_number":3,"box":{"x":83,"y":878,"width":398,"height":10}},{"id":"dd09c6d2-3c62-414d-9c34-53ca83198d34","block_type":"box","text":"American Depositary Receipts (ADRs) or Global Depositary","page_number":3,"box":{"x":82,"y":892,"width":399,"height":10}},{"id":"7b424405-ae13-4c14-a783-c17e82236299","block_type":"box","text":"Receipts (GDRs). ADRs and GDRs are typically used","page_number":3,"box":{"x":83,"y":906,"width":398,"height":10}},{"id":"80c103cc-3d5a-463e-ad19-584454cec599","block_type":"box","text":"instead of local shares, where owning the local shares","page_number":3,"box":{"x":83,"y":920,"width":398,"height":10}},{"id":"6da22417-b6e4-4cb9-a759-84145ea4884a","block_type":"box","text":"represented in the Index is not possible or prohibitively","page_number":3,"box":{"x":519,"y":100,"width":398,"height":10}},{"id":"0803d619-4919-4e96-9e74-cbf5f976232c","block_type":"box","text":"expensive.","page_number":3,"box":{"x":518,"y":114,"width":71,"height":10}},{"id":"6d512639-71e6-4aae-aa50-6efd7c320284","block_type":"box","text":"Other Funds / Liquid Assets:","page_number":3,"box":{"x":518,"y":138,"width":209,"height":10}},{"id":"b9da6873-2c4b-4d14-a1b8-0af45e489751","block_type":"box","text":"The Fund may invest up to","page_number":3,"box":{"x":733,"y":138,"width":183,"height":10}},{"id":"ee596e42-94c5-4290-803f-b30cd4c7dea3","block_type":"box","text":"10% of its net assets in other regulated open-ended funds","page_number":3,"box":{"x":519,"y":152,"width":397,"height":10}},{"id":"a828be0e-29b0-4bc3-b86e-c65ed3bbbb58","block_type":"box","text":"(including Money Market Funds) where the objectives of","page_number":3,"box":{"x":518,"y":166,"width":399,"height":10}},{"id":"84743350-de11-4db5-b07c-522b41d81364","block_type":"box","text":"such funds are consistent with the objective of the Fund and","page_number":3,"box":{"x":518,"y":180,"width":398,"height":10}},{"id":"be1dc93c-2325-4ff4-9195-03531f6ebd4f","block_type":"box","text":"where such funds are authorised in member states of the","page_number":3,"box":{"x":518,"y":195,"width":398,"height":7}},{"id":"5f14dd40-e9cc-46af-af61-43d7c82ca7d4","block_type":"box","text":"EEA, United Kingdom, USA, Jersey, Guernsey or the Isle of","page_number":3,"box":{"x":519,"y":209,"width":398,"height":10}},{"id":"a6e729e4-b2f1-4a6b-a742-e2f4ed67494d","block_type":"box","text":"Man and where such funds comply in all material respects","page_number":3,"box":{"x":519,"y":223,"width":397,"height":10}},{"id":"5ee9d4e1-3123-4102-a9c5-1724930032bb","block_type":"box","text":"with the provisions of the UCITS Regulations. The Fund may","page_number":3,"box":{"x":518,"y":237,"width":399,"height":10}},{"id":"6ee76f03-a90f-427f-ac9f-dcbf3b4cf748","block_type":"box","text":"hold ancillary liquid assets such as deposits in accordance","page_number":3,"box":{"x":518,"y":252,"width":399,"height":10}},{"id":"0075abfa-761f-482d-8032-bbba5761e20d","block_type":"box","text":"with the UCITS Regulations.","page_number":3,"box":{"x":518,"y":266,"width":188,"height":10}},{"id":"ad8792aa-d734-4208-842d-989fbb44e3e2","block_type":"box","text":"Derivatives:","page_number":3,"box":{"x":519,"y":289,"width":83,"height":8}},{"id":"683cc956-623f-4e69-8c11-5c9737836058","block_type":"box","text":"The Fund may, for efficient portfolio","page_number":3,"box":{"x":620,"y":289,"width":297,"height":10}},{"id":"3c117c54-d045-41b1-a75f-34a2795131ba","block_type":"box","text":"management purposes only, use financial derivative","page_number":3,"box":{"x":518,"y":304,"width":398,"height":10}},{"id":"2be40cc7-cf4f-4e63-b240-dc2ed4e59c93","block_type":"box","text":"instruments (“","page_number":3,"box":{"x":518,"y":318,"width":92,"height":10}},{"id":"f1857a0a-5221-4800-85a3-31170edaa311","block_type":"box","text":"FDIs","page_number":3,"box":{"x":612,"y":318,"width":31,"height":8}},{"id":"3b44d4ac-1a16-4df6-b461-56f77d5bb11c","block_type":"box","text":"”). Any use of FDIs by the Fund shall be","page_number":3,"box":{"x":644,"y":318,"width":272,"height":10}},{"id":"d8146f95-a9ab-4b22-9415-9c83d70d5186","block_type":"box","text":"limited to futures and forward foreign exchange contracts","page_number":3,"box":{"x":518,"y":332,"width":398,"height":10}},{"id":"c7bf62ae-c5c3-495f-92af-a6fdaf093cbc","block_type":"box","text":"(including non-deliverable forwards) and warrants. Efficient","page_number":3,"box":{"x":518,"y":346,"width":399,"height":11}},{"id":"2da2c3d0-4c0e-429f-b123-329ede72640d","block_type":"box","text":"portfolio management means investment decisions involving","page_number":3,"box":{"x":518,"y":361,"width":398,"height":10}},{"id":"b79eaa72-cc45-461e-8643-a104dd9a775e","block_type":"box","text":"transactions that are entered into for one or more of the","page_number":3,"box":{"x":518,"y":375,"width":398,"height":8}},{"id":"8e34e9ef-8783-481d-b850-33d4ca611962","block_type":"box","text":"following specific aims: the reduction of risk; the reduction of","page_number":3,"box":{"x":518,"y":389,"width":399,"height":10}},{"id":"1e899714-80c2-45bf-a4f4-897e291399b8","block_type":"box","text":"cost; the generation of additional capital or income for the","page_number":3,"box":{"x":518,"y":403,"width":399,"height":10}},{"id":"210afd3d-9ead-462b-b1bd-ea6be08b23e3","block_type":"box","text":"Fund with an appropriate level of risk, taking into account the","page_number":3,"box":{"x":519,"y":418,"width":397,"height":10}},{"id":"b8dc5b16-ebb6-4e2b-acf8-8664f8e6c08b","block_type":"box","text":"risk profile of the Fund; or the minimisation of tracking error,","page_number":3,"box":{"x":519,"y":432,"width":397,"height":10}},{"id":"774a28f7-771f-450a-af48-1d256e4c6dfd","block_type":"box","text":"i.e. the risk that the Fund return varies from the Index return.","page_number":3,"box":{"x":518,"y":446,"width":398,"height":8}},{"id":"6fc649c0-0b97-4d59-a0f6-3971ccfdf131","block_type":"box","text":"FDIs are described in the","page_number":3,"box":{"x":519,"y":460,"width":183,"height":8}},{"id":"e5e4bb67-a3e8-40be-865f-808131cf5c89","block_type":"box","text":"\"Investment Objectives and","page_number":3,"box":{"x":712,"y":460,"width":204,"height":10}},{"id":"a189afa7-2301-4581-9993-e6ce5870be87","block_type":"box","text":"Policies – Use of Financial Derivative Instruments\"","page_number":3,"box":{"x":519,"y":475,"width":396,"height":8}},{"id":"e610702a-8c72-4d07-b219-051b87727936","block_type":"box","text":"section of the Prospectus.","page_number":3,"box":{"x":518,"y":489,"width":172,"height":10}},{"id":"14170247-577b-4c69-aaac-2515a49c17f9","block_type":"box","text":"Securities Lending, Repurchase","page_number":3,"box":{"x":518,"y":513,"width":404,"height":14}},{"id":"271bf87a-82f2-430f-915f-47168e75c943","block_type":"box","text":"Agreements & Reverse Repurchase","page_number":3,"box":{"x":518,"y":533,"width":404,"height":13}},{"id":"30a73fe2-b2da-4fad-ac49-317aef3e0a71","block_type":"box","text":"Agreements","page_number":3,"box":{"x":518,"y":551,"width":117,"height":14}},{"id":"05ea068e-a849-46e3-9f13-d4d607e91976","block_type":"box","text":"Investors should note that the Company may engage in","page_number":3,"box":{"x":519,"y":580,"width":397,"height":10}},{"id":"b64097b7-a98a-42b3-b590-dfcf306d396f","block_type":"box","text":"securities lending on behalf of the Fund where the","page_number":3,"box":{"x":518,"y":594,"width":399,"height":10}},{"id":"5db37463-5fe9-49ab-ae92-9bc0556fbdbc","block_type":"box","text":"Investment Manager and/or Sub-Investment Manager","page_number":3,"box":{"x":519,"y":608,"width":398,"height":10}},{"id":"b0fae4d7-610b-4672-a3f5-1c9b37ffed4c","block_type":"box","text":"believes it is appropriate to do so and in accordance with the","page_number":3,"box":{"x":518,"y":622,"width":398,"height":10}},{"id":"58fa06ac-db1b-437a-9267-4f4fd8653d9d","block_type":"box","text":"“","page_number":3,"box":{"x":518,"y":636,"width":4,"height":2}},{"id":"9bf96728-0997-4958-806d-033a308fd4fc","block_type":"box","text":"Investment Objectives and Policies – Use of","page_number":3,"box":{"x":523,"y":635,"width":394,"height":11}},{"id":"6f8a2443-622e-4bcf-8542-63ce61c5632f","block_type":"box","text":"Repurchase/Reverse Repurchase","page_number":3,"box":{"x":519,"y":649,"width":397,"height":10}},{"id":"94d27e9e-825d-41d5-b3d7-0b0a34f9010d","block_type":"box","text":"Agreements/Securities Lending Agreements","page_number":3,"box":{"x":518,"y":663,"width":321,"height":10}},{"id":"2386b093-73ea-4460-ba4b-8b54321879e9","block_type":"box","text":"” section of","page_number":3,"box":{"x":840,"y":663,"width":77,"height":8}},{"id":"3ff091af-02ef-4d6c-a95a-342c77a6e1e7","block_type":"box","text":"the Prospectus. Investors should read the risk warning","page_number":3,"box":{"x":518,"y":677,"width":398,"height":10}},{"id":"72cb64fa-2726-454f-add0-3c6133f40d9c","block_type":"box","text":"headed “","page_number":3,"box":{"x":518,"y":691,"width":72,"height":7}},{"id":"cf018219-ec41-4ec0-ae11-eec19351b797","block_type":"box","text":"Securities Lending Risk","page_number":3,"box":{"x":591,"y":690,"width":198,"height":11}},{"id":"bbab7f66-edd3-480a-a386-0504281fa976","block_type":"box","text":"” in the “","page_number":3,"box":{"x":790,"y":691,"width":95,"height":7}},{"id":"1a9e49ac-6029-4876-b610-1566e7d747e9","block_type":"box","text":"Risk","page_number":3,"box":{"x":886,"y":691,"width":31,"height":7}},{"id":"bf854fdf-7117-4c10-9a94-86990d25358d","block_type":"box","text":"Information","page_number":3,"box":{"x":518,"y":704,"width":82,"height":8}},{"id":"24ab48ee-92af-4b82-b781-b00ac9eccdbf","block_type":"box","text":"” section of the Prospectus in this regard. The","page_number":3,"box":{"x":601,"y":704,"width":315,"height":10}},{"id":"eb2460bb-f62e-4929-81ba-a0074d920e5b","block_type":"box","text":"Fund’s maximum exposure to securities lending as a","page_number":3,"box":{"x":519,"y":718,"width":398,"height":10}},{"id":"eedebf15-f991-4853-b96e-413e746beb5e","block_type":"box","text":"percentage of its Net Asset Value will not exceed 40%.","page_number":3,"box":{"x":518,"y":732,"width":398,"height":10}},{"id":"0383ebd9-f8e1-4a02-8f37-c5058765f0e2","block_type":"box","text":"Lending levels will be influenced by market factors and,","page_number":3,"box":{"x":519,"y":746,"width":397,"height":10}},{"id":"0d297061-9e92-4c7b-884e-c61e51b8697c","block_type":"box","text":"subject to the maximum referenced above, cannot be","page_number":3,"box":{"x":518,"y":759,"width":398,"height":10}},{"id":"ecfac7a3-1667-4f75-b7dc-e8d59fafade8","block_type":"box","text":"predicted with any certainty. Past lending figures are not a","page_number":3,"box":{"x":518,"y":773,"width":399,"height":10}},{"id":"3c3d928c-a769-47ec-8dba-2eb0a614552e","block_type":"box","text":"reliable indicator of future levels. The Fund does not intend","page_number":3,"box":{"x":519,"y":787,"width":397,"height":8}},{"id":"8a2942c2-6cd1-4de2-9026-a2d5dccffbb8","block_type":"box","text":"to engage in repurchase agreements or reverse repurchase","page_number":3,"box":{"x":518,"y":801,"width":398,"height":10}},{"id":"67a6047f-0140-46b5-83f1-e56dd165d3db","block_type":"box","text":"agreements.","page_number":3,"box":{"x":518,"y":815,"width":82,"height":10}},{"id":"f6f5a340-7f8c-4155-ac01-1c3e95a073fe","block_type":"box","text":"The Company has appointed State Street Bank and Trust","page_number":3,"box":{"x":518,"y":835,"width":399,"height":10}},{"id":"81de5c49-4a76-4edf-aeba-d21665894894","block_type":"box","text":"Company, a bank incorporated under the laws of","page_number":3,"box":{"x":518,"y":849,"width":399,"height":11}},{"id":"dcd109f5-60f4-4de4-9e8c-1d8c3d38bf91","block_type":"box","text":"Massachussetts whose registered office is at One Congress","page_number":3,"box":{"x":519,"y":864,"width":397,"height":10}},{"id":"86935979-2139-4003-bd01-c8938df3da9b","block_type":"box","text":"Street, Boston, Massachusetts, 02114-2016, U.S.A., and","page_number":3,"box":{"x":518,"y":878,"width":398,"height":9}},{"id":"142dfc7c-03bf-4c55-b4d7-03ade9e2ffe0","block_type":"box","text":"acting for the purposes of the securities lending agreement","page_number":3,"box":{"x":518,"y":892,"width":399,"height":10}},{"id":"8e5e8cd1-4f53-4e32-9d4c-964a12ef2557","block_type":"box","text":"through its London branch (Branch Registration No. in","page_number":3,"box":{"x":518,"y":906,"width":398,"height":11}},{"id":"067e1bf6-4362-42e2-a08d-ccbf8b99ea16","block_type":"box","text":"England BR002088) at 20 Churchill Place, London E14 5HJ,","page_number":3,"box":{"x":519,"y":921,"width":397,"height":10}},{"id":"0f25a69d-9164-4360-ace7-87c9afe61c4c","block_type":"box","text":"England as a securities lending agent to the Company","page_number":3,"box":{"x":519,"y":935,"width":398,"height":10}},{"id":"9457cea3-f37d-4974-88e9-6ad2b914e2a1","block_type":"box","text":"State Street SPDR MSCI World Industrials UCITS ETF","page_number":4,"box":{"x":82,"y":44,"width":382,"height":8}},{"id":"5c3b91bd-bd56-4f2e-a4bd-1d93e9d1f9e6","block_type":"box","text":"pursuant to a securities lending agreement between the","page_number":4,"box":{"x":83,"y":96,"width":398,"height":10}},{"id":"dab01d73-2504-4058-80a3-e2f1ea283416","block_type":"box","text":"Company, State Street Bank and Trust Company and the","page_number":4,"box":{"x":82,"y":110,"width":399,"height":10}},{"id":"f672a663-e661-4404-8458-deae75061931","block_type":"box","text":"Depositary dated 27 October 2023 (a “Securities Lending","page_number":4,"box":{"x":83,"y":124,"width":397,"height":10}},{"id":"7781dce1-d230-434f-924b-7668175b3f2f","block_type":"box","text":"Agreement”). This Securities Lending Agreement appoints","page_number":4,"box":{"x":82,"y":138,"width":399,"height":11}},{"id":"b1fe0b37-2162-4bbe-a5f8-29f3e49879df","block_type":"box","text":"State Street Bank and Trust Company acting through its","page_number":4,"box":{"x":82,"y":153,"width":399,"height":10}},{"id":"7b924cf1-a2c0-419e-8a68-eddb5632ceaa","block_type":"box","text":"London Branch to manage the Fund’s securities lending","page_number":4,"box":{"x":83,"y":167,"width":397,"height":10}},{"id":"840867ed-d3b1-41d7-93f3-170e9a1ad7bc","block_type":"box","text":"activities and provides for State Street Bank and Trust","page_number":4,"box":{"x":82,"y":181,"width":399,"height":10}},{"id":"f3e188d2-7695-42ef-b7ff-11f5c30a0157","block_type":"box","text":"Company acting through its London Branch to receive a fee","page_number":4,"box":{"x":82,"y":195,"width":399,"height":11}},{"id":"20952270-758c-422b-86e3-385c338dcb5f","block_type":"box","text":"at normal commercial rates to cover all fees and costs","page_number":4,"box":{"x":82,"y":210,"width":399,"height":8}},{"id":"4d0d80aa-2db8-43ae-a8b7-b221a3d22cf3","block_type":"box","text":"associated with the provision of this service. Any income","page_number":4,"box":{"x":82,"y":224,"width":399,"height":10}},{"id":"dfa2d916-a44d-411c-813d-0fb2e9fc8a89","block_type":"box","text":"earned from securities lending, net of direct and indirect","page_number":4,"box":{"x":82,"y":238,"width":399,"height":10}},{"id":"45cc3e2b-d5ce-42bb-8296-89aea4f7cecc","block_type":"box","text":"operational costs (including the fee paid to State Street Bank","page_number":4,"box":{"x":82,"y":252,"width":399,"height":11}},{"id":"41705137-ae96-4b14-bc81-edbb915d498f","block_type":"box","text":"and Trust Company acting through its London Branch), will","page_number":4,"box":{"x":82,"y":267,"width":398,"height":10}},{"id":"6f3ff909-6747-4bc5-b972-b1a067cc4b91","block_type":"box","text":"be returned to the Fund. Full financial details of any revenue","page_number":4,"box":{"x":83,"y":281,"width":398,"height":10}},{"id":"af93321d-9d19-422c-b445-fc07cb9a9e2a","block_type":"box","text":"earned and the direct and indirect operational costs and fees","page_number":4,"box":{"x":82,"y":295,"width":399,"height":10}},{"id":"ac547ff6-c821-4b7b-a673-433f5f1a454b","block_type":"box","text":"incurred with respect to securities lending for the Fund,","page_number":4,"box":{"x":83,"y":309,"width":397,"height":10}},{"id":"f8e99f8b-02cb-4462-aae0-085725d43229","block_type":"box","text":"including fees paid or payable to State Street Bank and Trust","page_number":4,"box":{"x":83,"y":323,"width":398,"height":11}},{"id":"5559ffa1-87a0-48cc-93f6-afc1ff7d6272","block_type":"box","text":"Company acting through its London Branch, will be included","page_number":4,"box":{"x":82,"y":338,"width":398,"height":10}},{"id":"ba16bc11-4bac-4a41-a663-744349e95e59","block_type":"box","text":"in the annual financial statements.","page_number":4,"box":{"x":83,"y":352,"width":226,"height":8}},{"id":"880c0a76-ad06-4167-9b1d-b1e4ee8f633c","block_type":"box","text":"Please note that should the Directors elect to change the","page_number":4,"box":{"x":83,"y":376,"width":398,"height":10}},{"id":"7aadebe6-fb61-41b1-8a51-b63f00fd785e","block_type":"box","text":"Company’s securities lending policy in the future, due","page_number":4,"box":{"x":82,"y":390,"width":399,"height":10}},{"id":"c5cb7458-c9e0-4a26-84d5-ae9878e9a513","block_type":"box","text":"notification will be given to Shareholders and this","page_number":4,"box":{"x":83,"y":404,"width":398,"height":10}},{"id":"40dbd1b3-1a92-430c-b55c-af15ee5d6951","block_type":"box","text":"Supplement will be updated accordingly.","page_number":4,"box":{"x":82,"y":418,"width":292,"height":11}},{"id":"6ffee2c5-481d-4c9f-b821-f35586905463","block_type":"box","text":"Investment Risks","page_number":4,"box":{"x":83,"y":443,"width":163,"height":11}},{"id":"09e712bf-e974-4c69-b7ce-1cd809a4296e","block_type":"box","text":"Investment in the Fund carries with it a degree of risk.","page_number":4,"box":{"x":83,"y":466,"width":397,"height":10}},{"id":"d4bb6fed-8b10-4c61-aece-c366ecdf422f","block_type":"box","text":"Investors should read the “","page_number":4,"box":{"x":83,"y":480,"width":179,"height":8}},{"id":"e2815ff9-dffc-46c4-a620-191b9a1c3515","block_type":"box","text":"Risk Information","page_number":4,"box":{"x":263,"y":480,"width":118,"height":8}},{"id":"3203f934-9f91-463c-be46-04a7712bdadb","block_type":"box","text":"” section of the","page_number":4,"box":{"x":382,"y":480,"width":99,"height":8}},{"id":"9bb6d7b1-3ea9-4d64-9a4a-5ba10a07e842","block_type":"box","text":"Prospectus. In addition, the following risks are particularly","page_number":4,"box":{"x":83,"y":494,"width":398,"height":10}},{"id":"b10fed87-72b4-4905-9a7d-9e9e4298a826","block_type":"box","text":"relevant for the Fund.","page_number":4,"box":{"x":83,"y":509,"width":141,"height":8}},{"id":"d288049d-bcd0-450f-b1a9-0b51711d423d","block_type":"box","text":"Index Tracking Risk:","page_number":4,"box":{"x":83,"y":532,"width":145,"height":10}},{"id":"3b8ac77e-59d1-4903-962a-efb681a82426","block_type":"box","text":"The Fund’s return may not match the","page_number":4,"box":{"x":234,"y":532,"width":247,"height":10}},{"id":"3ca6657e-5525-4c41-837b-b194cb3839a5","block_type":"box","text":"return of the Index. It is currently anticipated that the Fund","page_number":4,"box":{"x":83,"y":546,"width":397,"height":10}},{"id":"208e6b3b-a389-4656-8628-0c38c05a0469","block_type":"box","text":"will track the Index with a potential variation of up to 1%","page_number":4,"box":{"x":82,"y":561,"width":399,"height":10}},{"id":"42cb898e-ece3-4527-b8b8-918924922b59","block_type":"box","text":"annually under normal market conditions. The Fund’s ability","page_number":4,"box":{"x":82,"y":575,"width":399,"height":10}},{"id":"c3a2d56f-8a86-4da0-8968-373d8b1e5729","block_type":"box","text":"to track the Index will be affected by Fund expenses, the","page_number":4,"box":{"x":82,"y":589,"width":399,"height":10}},{"id":"be0b8e5a-4a25-48f7-9b01-b97b45ffd84d","block_type":"box","text":"amount of cash and cash equivalents held in its portfolio, and","page_number":4,"box":{"x":82,"y":603,"width":398,"height":10}},{"id":"088b7e6c-c112-4bdb-a143-dca38b8fd5c1","block_type":"box","text":"the frequency and the timing of purchases and sales of","page_number":4,"box":{"x":82,"y":618,"width":399,"height":10}},{"id":"c015e497-d341-43a8-8b29-caa8ad0aeb77","block_type":"box","text":"interests in the Fund. The Investment Manager and/or Sub","page_number":4,"box":{"x":83,"y":632,"width":398,"height":10}},{"id":"fe30335c-4344-4c0c-b33c-6c9bd78c3317","block_type":"box","text":"Investment Manager may attempt to replicate the Index","page_number":4,"box":{"x":83,"y":646,"width":398,"height":10}},{"id":"c2273db4-5092-48a8-8f25-137749fd254e","block_type":"box","text":"return by investing in a sub-set of the securities in the Index,","page_number":4,"box":{"x":83,"y":660,"width":397,"height":10}},{"id":"7441f3ff-6d2e-42b6-8dc8-8d1ee0573a9f","block_type":"box","text":"or in some securities not included in the Index, potentially","page_number":4,"box":{"x":82,"y":675,"width":399,"height":10}},{"id":"218a63ce-fcb6-432d-a86e-4147c34693f1","block_type":"box","text":"increasing the risk of divergence between the Fund’s return","page_number":4,"box":{"x":83,"y":689,"width":397,"height":10}},{"id":"076ac8c5-b0c2-49f7-8a86-c35ac244660d","block_type":"box","text":"and that of the Index.","page_number":4,"box":{"x":82,"y":703,"width":141,"height":8}},{"id":"25d0f66d-434d-4d88-95cd-c9a3d9847ea8","block_type":"box","text":"Liquidity Risk & ETF Liquidity Risk","page_number":4,"box":{"x":83,"y":727,"width":270,"height":10}},{"id":"cdd6a67c-4531-4da8-9200-dbdc9ba618bd","block_type":"box","text":": Lack of a ready","page_number":4,"box":{"x":354,"y":727,"width":127,"height":10}},{"id":"a74d60c3-d2db-40ba-bca6-7eb66a2d013d","block_type":"box","text":"market or restrictions on resale may limit the ability of the","page_number":4,"box":{"x":83,"y":741,"width":398,"height":10}},{"id":"9dcefc06-95a0-4420-a7f3-08efd919e513","block_type":"box","text":"Fund to sell a security at an advantageous time or price or","page_number":4,"box":{"x":83,"y":755,"width":398,"height":10}},{"id":"39e40a47-d9f6-43d0-9998-dc19a9471c69","block_type":"box","text":"at all. Illiquid securities may trade at a discount from","page_number":4,"box":{"x":82,"y":769,"width":398,"height":10}},{"id":"a5386051-8ecf-4c10-841e-a19777bf9447","block_type":"box","text":"comparable, more liquid investments and may be subject to","page_number":4,"box":{"x":82,"y":784,"width":399,"height":10}},{"id":"88bea3f1-880a-42e6-883a-31fbb7621aef","block_type":"box","text":"wide fluctuations in market value. Illiquidity of the Fund’s","page_number":4,"box":{"x":82,"y":798,"width":399,"height":10}},{"id":"377901ec-6f9b-4d86-99c0-b92999d38694","block_type":"box","text":"holdings may limit the ability of the Fund to obtain cash to","page_number":4,"box":{"x":83,"y":812,"width":398,"height":10}},{"id":"67ccf0fd-7eec-4a5f-b0aa-680699695263","block_type":"box","text":"meet redemptions on a timely basis. Where the fund invests","page_number":4,"box":{"x":83,"y":826,"width":398,"height":11}},{"id":"dcd1a6ce-959b-436c-8bc6-c12974bec4e8","block_type":"box","text":"in illiquid securities or does not trade in large volumes, the","page_number":4,"box":{"x":83,"y":841,"width":398,"height":10}},{"id":"39440a25-5463-485d-a916-0f6c9d337653","block_type":"box","text":"bid offer spreads of the Fund may widen, the Fund may be","page_number":4,"box":{"x":83,"y":855,"width":398,"height":10}},{"id":"f51ab981-b5f3-463b-99dc-3ebe1324c657","block_type":"box","text":"exposed to increased valuation risk and reduced ability to","page_number":4,"box":{"x":82,"y":869,"width":399,"height":10}},{"id":"cb83c4a2-1d1d-4cbd-9bb1-04710e840272","block_type":"box","text":"trade. Shares in the Fund may also trade at prices that are","page_number":4,"box":{"x":82,"y":883,"width":399,"height":10}},{"id":"163cea6b-38a3-4e69-8868-608b004866ae","block_type":"box","text":"materially different to the last available NAV.","page_number":4,"box":{"x":83,"y":898,"width":294,"height":10}},{"id":"ac052364-83d8-4850-bcff-284f642ec79d","block_type":"box","text":"Concentration Risk","page_number":4,"box":{"x":82,"y":921,"width":151,"height":8}},{"id":"11627ed5-f8a5-4664-8efe-4cb792f3971d","block_type":"box","text":": When the Fund focuses its","page_number":4,"box":{"x":234,"y":921,"width":247,"height":8}},{"id":"528f3fd6-b6ce-4d02-ad0f-68504aebf33c","block_type":"box","text":"investments in a particular sector, the financial, economic,","page_number":4,"box":{"x":83,"y":936,"width":397,"height":10}},{"id":"f9fad87b-d38e-4f59-91b4-4497e8c52f27","block_type":"box","text":"business, and other developments affecting issuers in that","page_number":4,"box":{"x":518,"y":96,"width":399,"height":10}},{"id":"9a351fff-9f30-4ff4-b5d0-999eb13a31c9","block_type":"box","text":"sector will have a greater effect on the Fund than if it was","page_number":4,"box":{"x":518,"y":110,"width":398,"height":10}},{"id":"d1a7d9cc-c4fc-4344-879e-3ffd151baa58","block_type":"box","text":"more diversified. This concentration may also limit the","page_number":4,"box":{"x":518,"y":124,"width":398,"height":10}},{"id":"20e8581d-aa7e-4990-92ed-e33424fcc53b","block_type":"box","text":"liquidity of the Fund. Investors may buy or sell substantial","page_number":4,"box":{"x":518,"y":139,"width":398,"height":10}},{"id":"06bedadc-2dc8-42ca-8fdc-f56146e3a4eb","block_type":"box","text":"amounts of the Fund’s shares in response to factors","page_number":4,"box":{"x":518,"y":153,"width":398,"height":10}},{"id":"5c240159-8833-4e91-ae9a-b8d97737d2a9","block_type":"box","text":"affecting or expected to affect a sector in which the Fund","page_number":4,"box":{"x":518,"y":167,"width":398,"height":10}},{"id":"ece3ccbd-5af7-472d-960a-be109f05597f","block_type":"box","text":"focuses its investments.","page_number":4,"box":{"x":518,"y":181,"width":159,"height":8}},{"id":"5593d97b-a8fe-45ae-8d6b-ab5962a43c59","block_type":"box","text":"Derivatives Risk:","page_number":4,"box":{"x":519,"y":205,"width":122,"height":8}},{"id":"24ce1a60-3223-4ffe-98bd-931c4f8b9cae","block_type":"box","text":"The Fund may use FDIs for efficient","page_number":4,"box":{"x":658,"y":205,"width":259,"height":10}},{"id":"35b92b9d-4170-401a-b6f2-5667252a2206","block_type":"box","text":"portfolio management purposes as described in the","page_number":4,"box":{"x":518,"y":219,"width":398,"height":10}},{"id":"c0f3593f-3b57-4a04-98c0-0e0cacc612d2","block_type":"box","text":"derivatives section under Permitted Investments above. The","page_number":4,"box":{"x":518,"y":234,"width":399,"height":7}},{"id":"dc59c306-3b68-42a9-91f3-4d9b11dea704","block_type":"box","text":"Fund’s use of FDIs involves risks different from, and possibly","page_number":4,"box":{"x":519,"y":248,"width":398,"height":10}},{"id":"23847dc8-c394-411f-85d8-0b16d248e009","block_type":"box","text":"greater than, the risks associated with investing directly in","page_number":4,"box":{"x":518,"y":262,"width":398,"height":10}},{"id":"1aa34ed3-27e0-4cd4-8ca6-8b15f9a9ceef","block_type":"box","text":"securities.","page_number":4,"box":{"x":518,"y":276,"width":66,"height":8}},{"id":"0e6ed3d7-a8cf-4a3a-b533-0573abc8a4c6","block_type":"box","text":"Integrating Sustainability Risk:","page_number":4,"box":{"x":518,"y":300,"width":219,"height":10}},{"id":"d45a9050-7583-4cb0-859c-0cf11a4631de","block_type":"box","text":"Sustainability Risk has not","page_number":4,"box":{"x":743,"y":300,"width":174,"height":10}},{"id":"f6b60034-511c-4a3f-8dab-f563faf0e343","block_type":"box","text":"been integrated into the Fund’s investment process. Any","page_number":4,"box":{"x":518,"y":314,"width":399,"height":10}},{"id":"cac45d3f-24f5-4123-a3c0-ae05f8cd5d9d","block_type":"box","text":"deterioration in the financial profile of an underlying","page_number":4,"box":{"x":518,"y":328,"width":398,"height":10}},{"id":"02c3eb64-84f1-425c-af24-f04049451e53","block_type":"box","text":"investment affected by a Sustainability Risk may have a","page_number":4,"box":{"x":518,"y":343,"width":399,"height":10}},{"id":"5374560e-986d-4bfe-9891-f32d2638dc45","block_type":"box","text":"corresponding negative impact on the Net Asset Value","page_number":4,"box":{"x":518,"y":357,"width":398,"height":10}},{"id":"6300bbc6-c417-4cc5-aa29-6ef90ede1a32","block_type":"box","text":"and/or performance of the investing Fund. Where a","page_number":4,"box":{"x":518,"y":371,"width":399,"height":10}},{"id":"709adc90-439b-47cc-ad99-d7ca343668ea","block_type":"box","text":"Sustainability Risk event occurs, this Fund may be more","page_number":4,"box":{"x":518,"y":385,"width":398,"height":10}},{"id":"b6d32850-a371-48bf-acda-ae34091b990c","block_type":"box","text":"impacted than an equivalent Fund that integrates","page_number":4,"box":{"x":518,"y":400,"width":398,"height":10}},{"id":"dbb4903c-52d7-40f8-a7d4-d8e248f8d13d","block_type":"box","text":"Sustainability Risk. Shareholders should refer to the “","page_number":4,"box":{"x":518,"y":414,"width":359,"height":10}},{"id":"02ef1c92-09be-4283-ae90-9feb33c91aa9","block_type":"box","text":"Index","page_number":4,"box":{"x":878,"y":414,"width":39,"height":8}},{"id":"ded07fde-29c7-4e99-aeca-c2eea0524bca","block_type":"box","text":"Strategies and Sustainability Integration","page_number":4,"box":{"x":518,"y":428,"width":293,"height":10}},{"id":"b062851d-8b39-4a50-9524-c20e1c9cfd2f","block_type":"box","text":"” section of the","page_number":4,"box":{"x":813,"y":428,"width":103,"height":8}},{"id":"8b7c9da7-c338-4521-8cbd-7aef9eed5c8f","block_type":"box","text":"Prospectus for further information.","page_number":4,"box":{"x":519,"y":442,"width":226,"height":10}},{"id":"8e2baa26-0364-4834-b6c0-ba425af96246","block_type":"box","text":"Investor Profile","page_number":4,"box":{"x":519,"y":467,"width":144,"height":10}},{"id":"ef58174c-fab6-45e0-ad14-d7e54cbd4a76","block_type":"box","text":"The typical investors of the Fund are expected to be","page_number":4,"box":{"x":518,"y":490,"width":398,"height":10}},{"id":"bd8a81ee-8773-41c7-9376-0aeed430346d","block_type":"box","text":"institutional, intermediary and retail investors who want to","page_number":4,"box":{"x":518,"y":504,"width":398,"height":10}},{"id":"403b1027-3f3e-4019-8398-540cc74aac13","block_type":"box","text":"take medium or long term exposure to the performance of","page_number":4,"box":{"x":518,"y":518,"width":399,"height":10}},{"id":"d3828546-e3f4-4036-b591-eafd6da348ee","block_type":"box","text":"global equities from the Industrials sector and are prepared","page_number":4,"box":{"x":518,"y":532,"width":398,"height":10}},{"id":"3f310ace-d02c-4713-8955-8504291f4556","block_type":"box","text":"to accept the risks associated with an investment of this type","page_number":4,"box":{"x":518,"y":546,"width":398,"height":10}},{"id":"e263019c-ad39-467d-90d8-e43f9883dbfd","block_type":"box","text":"and the expected high volatility of the Fund.","page_number":4,"box":{"x":518,"y":561,"width":290,"height":10}},{"id":"4d45dbca-a79b-430f-b356-2cafa247b851","block_type":"box","text":"Subscriptions, Redemptions &","page_number":4,"box":{"x":518,"y":585,"width":404,"height":14}},{"id":"3c7933f7-b78b-4815-82d8-3fb9a9e976b0","block_type":"box","text":"Conversions","page_number":4,"box":{"x":518,"y":604,"width":123,"height":11}},{"id":"a6825dc4-2dfb-4649-adb7-3bae47a1193f","block_type":"box","text":"Investors may subscribe for or redeem Shares in the Fund","page_number":4,"box":{"x":519,"y":632,"width":397,"height":10}},{"id":"8dc61ae7-19c3-45ff-800e-d6e3f0aea587","block_type":"box","text":"on each Dealing Day at the Dealing NAV with an appropriate","page_number":4,"box":{"x":518,"y":646,"width":398,"height":10}},{"id":"a651ec0b-f9b6-40f9-9297-c23e665d286c","block_type":"box","text":"provision for Duties and Charges and in accordance with the","page_number":4,"box":{"x":518,"y":660,"width":398,"height":10}},{"id":"441f45ae-4823-42fa-ac8a-72cf83331ffa","block_type":"box","text":"provisions in the","page_number":4,"box":{"x":518,"y":675,"width":107,"height":10}},{"id":"02076906-70ff-4252-9fef-d4d1763a3413","block_type":"box","text":"“Purchase and Sale Information”","page_number":4,"box":{"x":631,"y":674,"width":233,"height":8}},{"id":"b2c9a338-e04e-4a31-aed9-2e6cedd35c4e","block_type":"box","text":"section","page_number":4,"box":{"x":869,"y":675,"width":47,"height":7}},{"id":"0a62982e-d58c-473b-b8b5-742d0de38364","block_type":"box","text":"of the Prospectus.","page_number":4,"box":{"x":518,"y":689,"width":120,"height":10}},{"id":"5af57f1e-1a46-48f8-a961-340a838f1ef2","block_type":"box","text":"For subscriptions, consideration, in the form of cash must be","page_number":4,"box":{"x":519,"y":713,"width":398,"height":10}},{"id":"6bd5c3a7-4ba8-440e-88dd-8e1dea70a795","block_type":"box","text":"received by the Settlement Deadline. For redemptions, a","page_number":4,"box":{"x":519,"y":727,"width":398,"height":10}},{"id":"4d0d0ff7-0637-4798-91e2-11694cab2a97","block_type":"box","text":"written redemption request signed by the Shareholder is","page_number":4,"box":{"x":518,"y":741,"width":398,"height":10}},{"id":"b68be232-65d4-4319-b69a-34c7ec8f8930","block_type":"box","text":"required to be received by the Administrator by the Dealing","page_number":4,"box":{"x":519,"y":755,"width":397,"height":10}},{"id":"a174837f-14d8-43cb-a9d6-b02a04df5516","block_type":"box","text":"Deadline on the relevant Dealing Day.","page_number":4,"box":{"x":519,"y":770,"width":266,"height":10}},{"id":"6aaf8c72-e99a-4d24-94e1-14b8ea927e4c","block_type":"box","text":"In-kind dealing by","page_number":4,"box":{"x":794,"y":770,"width":123,"height":10}},{"id":"91ebc61a-6e34-4037-9ef3-946342a27981","block_type":"box","text":"Shareholders is not permitted.","page_number":4,"box":{"x":518,"y":784,"width":200,"height":10}},{"id":"bb86281d-3a4f-4435-bf6f-3f8b05aaef10","block_type":"box","text":"Shareholders should refer to the terms of the","page_number":4,"box":{"x":518,"y":807,"width":316,"height":8}},{"id":"ac1b9cc8-29c6-465d-aa57-ad6d6a2ea59a","block_type":"box","text":"“Purchase","page_number":4,"box":{"x":842,"y":808,"width":75,"height":7}},{"id":"ec25e9c8-e362-415e-b797-67c0e4b1f023","block_type":"box","text":"and Sale Information”","page_number":4,"box":{"x":518,"y":822,"width":169,"height":8}},{"id":"4ea4c8d6-f4d2-4c4a-b1dc-2853a84690fc","block_type":"box","text":"section of the Prospectus for","page_number":4,"box":{"x":699,"y":822,"width":218,"height":10}},{"id":"6c3032bf-7e43-4011-a206-ea93316883a8","block_type":"box","text":"information on Share conversions.","page_number":4,"box":{"x":518,"y":836,"width":228,"height":8}},{"id":"255c5a8d-f2cd-47c6-ac19-1125090b06f2","block_type":"box","text":"State Street SPDR MSCI World Industrials UCITS ETF","page_number":5,"box":{"x":83,"y":44,"width":381,"height":8}},{"id":"fa56c81f-d167-4734-9ac4-4ba96dd84fdf","block_type":"box","text":"THIS FUND IS NOT SPONSORED, ENDORSED, SOLD OR","page_number":5,"box":{"x":82,"y":95,"width":399,"height":9}},{"id":"b8a88a5c-7a00-449e-bd22-b57cea4ef468","block_type":"box","text":"PROMOTED BY MSCI INC. (“MSCI”), ANY OF ITS AFFILIATES,","page_number":5,"box":{"x":83,"y":108,"width":397,"height":9}},{"id":"cbd70b5a-dead-4f83-864e-a2576b219ca4","block_type":"box","text":"ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD","page_number":5,"box":{"x":82,"y":121,"width":399,"height":7}},{"id":"ec0bd8f9-6c12-49f4-993f-2bd3804172a9","block_type":"box","text":"PARTY INVOLVED IN, OR RELATED TO, COMPILING,","page_number":5,"box":{"x":83,"y":133,"width":397,"height":9}},{"id":"4ee2932b-a005-41a1-8b0c-48de08c17c19","block_type":"box","text":"COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY,","page_number":5,"box":{"x":83,"y":146,"width":397,"height":9}},{"id":"af285f8a-2833-4336-8fad-4424b5aa8084","block_type":"box","text":"THE “MSCI PARTIES”). THE MSCI INDEXES ARE THE","page_number":5,"box":{"x":82,"y":159,"width":398,"height":9}},{"id":"cb491100-bb17-4498-a57f-dfc0089b560e","block_type":"box","text":"EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX","page_number":5,"box":{"x":83,"y":171,"width":398,"height":8}},{"id":"c141f499-c4c4-47c6-9462-e21c258eee19","block_type":"box","text":"NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES","page_number":5,"box":{"x":83,"y":184,"width":398,"height":9}},{"id":"aa2cffd4-3e8b-488e-9cfe-4ae420a0f09b","block_type":"box","text":"AND HAVE BEEN LICENSED FOR USE FOR CERTAIN","page_number":5,"box":{"x":82,"y":197,"width":398,"height":7}},{"id":"b67aacd8-e8fa-40e2-bd46-3cd645cd4461","block_type":"box","text":"PURPOSES BY STATE STREET GLOBAL ADVISORS. NONE OF","page_number":5,"box":{"x":83,"y":209,"width":398,"height":7}},{"id":"95ea9792-b1ae-4e6c-bba1-60141d2744c0","block_type":"box","text":"THE MSCI PARTIES MAKES ANY REPRESENTATION OR","page_number":5,"box":{"x":82,"y":222,"width":399,"height":7}},{"id":"6ce9f061-dca0-4f35-b2c4-a79f4f67abba","block_type":"box","text":"WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR","page_number":5,"box":{"x":82,"y":235,"width":399,"height":8}},{"id":"83d05126-3ed7-4926-92b9-4716eee65ee2","block_type":"box","text":"OWNERS OF THIS FUND OR ANY OTHER PERSON OR ENTITY","page_number":5,"box":{"x":82,"y":247,"width":399,"height":7}},{"id":"6993416c-2da3-4828-bb99-e107e16d734b","block_type":"box","text":"REGARDING THE ADVISABILITY OF INVESTING IN FUNDS","page_number":5,"box":{"x":83,"y":260,"width":398,"height":7}},{"id":"a8082567-ee7e-4ad8-beb0-cdd555bfb8f9","block_type":"box","text":"GENERALLY OR IN THIS FUND PARTICULARLY OR THE","page_number":5,"box":{"x":83,"y":273,"width":397,"height":7}},{"id":"c77621e1-c52f-4d5e-a712-7a7ba2936287","block_type":"box","text":"ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING","page_number":5,"box":{"x":82,"y":285,"width":398,"height":7}},{"id":"8d27a549-1ce8-4d5d-8b70-26ac72c07643","block_type":"box","text":"STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES","page_number":5,"box":{"x":83,"y":298,"width":398,"height":7}},{"id":"8c88edc1-7fe2-4d0d-8fef-e94d51417ba9","block_type":"box","text":"ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE","page_number":5,"box":{"x":82,"y":311,"width":398,"height":8}},{"id":"589ce451-1ed9-4849-8548-77652f618f95","block_type":"box","text":"MARKS AND TRADE NAMES AND OF THE MSCI INDEXES","page_number":5,"box":{"x":83,"y":323,"width":398,"height":7}},{"id":"75afd1df-dc4d-4b81-9677-2a2eb0f72c6c","block_type":"box","text":"WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY","page_number":5,"box":{"x":82,"y":336,"width":399,"height":8}},{"id":"683aadf3-d6a4-4645-942d-7c1a5ad90ba6","block_type":"box","text":"MSCI WITHOUT REGARD TO THIS FUND OR THE ISSUER OR","page_number":5,"box":{"x":83,"y":348,"width":398,"height":8}},{"id":"3cbc338b-df5b-4ccd-a4a6-e4ef8513ff1f","block_type":"box","text":"OWNERS OF THIS FUND OR ANY OTHER PERSON OR","page_number":5,"box":{"x":82,"y":361,"width":399,"height":7}},{"id":"f90554a1-d857-4a28-84a7-1b74a073b96d","block_type":"box","text":"ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION","page_number":5,"box":{"x":83,"y":374,"width":397,"height":7}},{"id":"80e8a0e5-36fe-42dc-b4ce-bda735dc158b","block_type":"box","text":"TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THIS","page_number":5,"box":{"x":82,"y":387,"width":399,"height":7}},{"id":"2574cb63-ee13-497e-87fa-b6519282b00c","block_type":"box","text":"FUND OR ANY OTHER PERSON OR ENTITY INTO","page_number":5,"box":{"x":83,"y":399,"width":398,"height":7}},{"id":"1143810c-33e0-4b76-a87d-6a8c186bd577","block_type":"box","text":"CONSIDERATION IN DETERMINING, COMPOSING OR","page_number":5,"box":{"x":83,"y":412,"width":398,"height":8}},{"id":"288eb5ea-eab2-4960-88fe-6fdbc9482411","block_type":"box","text":"CALCULATING THE MSCI INDEXES. NONE OF THE MSCI","page_number":5,"box":{"x":83,"y":424,"width":397,"height":8}},{"id":"d6f6bcc6-8b3e-41ff-bc41-ec28c11e2545","block_type":"box","text":"PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN","page_number":5,"box":{"x":83,"y":437,"width":398,"height":7}},{"id":"329bb8af-5aef-430a-acab-42292ee8533f","block_type":"box","text":"THE DETERMINATION OF THE TIMING OF, PRICES AT, OR","page_number":5,"box":{"x":82,"y":450,"width":399,"height":8}},{"id":"c373f89f-bcfd-4852-be22-d13bb97aeb1f","block_type":"box","text":"QUANTITIES OF THIS FUND TO BE ISSUED OR IN THE","page_number":5,"box":{"x":82,"y":462,"width":398,"height":8}},{"id":"f8d09789-8735-4d5f-87b1-fd9bcccb7afd","block_type":"box","text":"DETERMINATION OR CALCULATION OF THE EQUATION BY OR","page_number":5,"box":{"x":83,"y":475,"width":398,"height":8}},{"id":"55ebe8dd-27e8-42a8-a64b-81553a3ed134","block_type":"box","text":"THE CONSIDERATION INTO WHICH THIS FUND IS","page_number":5,"box":{"x":82,"y":488,"width":399,"height":7}},{"id":"660d7c57-891e-4c16-8f37-199223654cc0","block_type":"box","text":"REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS","page_number":5,"box":{"x":83,"y":500,"width":398,"height":9}},{"id":"2b79a3fd-786e-4000-91cb-5c7ec0984b62","block_type":"box","text":"ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS","page_number":5,"box":{"x":82,"y":513,"width":399,"height":7}},{"id":"335dad92-61e5-49ce-bf48-76ec04beac23","block_type":"box","text":"OF THIS FUND OR ANY OTHER PERSON OR ENTITY IN","page_number":5,"box":{"x":82,"y":526,"width":399,"height":7}},{"id":"0ddd4e74-73ab-4f1f-b085-7b16eb579b1a","block_type":"box","text":"CONNECTION WITH THE ADMINISTRATION, MARKETING OR","page_number":5,"box":{"x":83,"y":538,"width":398,"height":9}},{"id":"56da16d8-d73a-40fb-ad16-40e9d2a9f1f5","block_type":"box","text":"OFFERING OF THIS FUND.","page_number":5,"box":{"x":82,"y":551,"width":170,"height":7}},{"id":"76f4370b-581a-4870-a81b-b3ee43acd9b4","block_type":"box","text":"ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR","page_number":5,"box":{"x":82,"y":573,"width":399,"height":7}},{"id":"0751ae56-57d0-4855-b936-96467e6dcf40","block_type":"box","text":"INCLUSION IN OR FOR USE IN THE CALCULATION OF THE","page_number":5,"box":{"x":83,"y":586,"width":397,"height":7}},{"id":"e48d531e-43cf-4bad-9fcc-f037d2ba2091","block_type":"box","text":"MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS","page_number":5,"box":{"x":83,"y":598,"width":398,"height":8}},{"id":"d3c71b05-0f8e-40bf-9c08-267121f6c6bb","block_type":"box","text":"RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR","page_number":5,"box":{"x":83,"y":611,"width":398,"height":9}},{"id":"4f46b81a-7101-4a2c-9c3f-69a1bb40c068","block_type":"box","text":"GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE","page_number":5,"box":{"x":83,"y":624,"width":397,"height":8}},{"id":"7c497c1b-a87e-4a9c-aac8-d6433d1ff284","block_type":"box","text":"COMPLETENESS OF ANY MSCI INDEX OR ANY DATA","page_number":5,"box":{"x":83,"y":636,"width":398,"height":8}},{"id":"0a9cc9b8-11c2-4ed4-9cfc-3d5125cbcc59","block_type":"box","text":"INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES","page_number":5,"box":{"x":83,"y":649,"width":398,"height":7}},{"id":"d7463379-23e3-442d-ad35-d7d0151d22c7","block_type":"box","text":"ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO","page_number":5,"box":{"x":82,"y":662,"width":399,"height":8}},{"id":"47bbb799-5722-4f8a-b4b7-074b38cabdcf","block_type":"box","text":"BE OBTAINED BY THE ISSUER OF THE FUND, OWNERS OF","page_number":5,"box":{"x":83,"y":674,"width":398,"height":9}},{"id":"296fc416-b12b-4338-8575-927ffa682ebc","block_type":"box","text":"THE FUND, OR ANY OTHER PERSON OR ENTITY, FROM THE","page_number":5,"box":{"x":518,"y":95,"width":398,"height":9}},{"id":"2ffdbf39-1262-4e56-9d02-61645cd4d717","block_type":"box","text":"USE OF ANY MSCI INDEX OR ANY DATA INCLUDED","page_number":5,"box":{"x":518,"y":108,"width":398,"height":7}},{"id":"8e82c914-a6f2-44c1-90b6-11da975646e9","block_type":"box","text":"THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY","page_number":5,"box":{"x":518,"y":121,"width":399,"height":7}},{"id":"5ef92fe4-dab3-4106-b8f6-8cc251bdb653","block_type":"box","text":"LIABILITY FOR ANY ERRORS, OMISSIONS OR","page_number":5,"box":{"x":518,"y":133,"width":398,"height":9}},{"id":"764e9597-daec-41c1-ad64-7c3c7912a0a8","block_type":"box","text":"INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI","page_number":5,"box":{"x":519,"y":146,"width":397,"height":7}},{"id":"926615e0-4cb8-46e4-95cb-9497a79aca64","block_type":"box","text":"INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE","page_number":5,"box":{"x":519,"y":159,"width":397,"height":8}},{"id":"3d485fd3-8687-466f-9abf-6b2f55c96cc5","block_type":"box","text":"OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED","page_number":5,"box":{"x":518,"y":171,"width":398,"height":8}},{"id":"db89f1f3-c34f-4726-ac98-e9841fd34aba","block_type":"box","text":"WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY","page_number":5,"box":{"x":518,"y":184,"width":399,"height":8}},{"id":"6458b369-a91e-454a-89f5-f994b7688a5a","block_type":"box","text":"EXPRESSLY DISCLAIM ALL WARRANTIES OF","page_number":5,"box":{"x":519,"y":197,"width":397,"height":7}},{"id":"d2b791ff-860c-4e82-b3b5-0084758b4b65","block_type":"box","text":"MERCHANTABILITY AND FITNESS FOR A PARTICULAR","page_number":5,"box":{"x":518,"y":209,"width":399,"height":7}},{"id":"0cf16cf3-6b0c-41e1-93fc-09007fbc9c18","block_type":"box","text":"PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY","page_number":5,"box":{"x":519,"y":222,"width":398,"height":8}},{"id":"9970172d-01da-4e1f-8dba-7ba20e557d15","block_type":"box","text":"DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE","page_number":5,"box":{"x":519,"y":235,"width":397,"height":7}},{"id":"7664dc17-daac-4d51-9a35-bade14bbe490","block_type":"box","text":"FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES","page_number":5,"box":{"x":519,"y":247,"width":397,"height":9}},{"id":"48c392fd-e576-4332-8f4b-4c9fd559f544","block_type":"box","text":"HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL,","page_number":5,"box":{"x":518,"y":260,"width":398,"height":8}},{"id":"560b7dfc-eb51-4d40-9807-7493e8f3c811","block_type":"box","text":"PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES","page_number":5,"box":{"x":519,"y":273,"width":397,"height":8}},{"id":"3f1d3cee-7a1e-461a-9195-2668ba8e45d8","block_type":"box","text":"(INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE","page_number":5,"box":{"x":518,"y":285,"width":398,"height":9}},{"id":"4be23ab5-2a2d-4860-9d62-76caf10c5991","block_type":"box","text":"POSSIBILITY OF SUCH DAMAGES.","page_number":5,"box":{"x":519,"y":298,"width":218,"height":7}},{"id":"70d73636-2f9d-4fa1-bf89-8ef92f274639","block_type":"box","text":"As of the date of the Supplement, the Fund uses (within the meaning","page_number":5,"box":{"x":518,"y":320,"width":398,"height":9}},{"id":"60e345cb-fb5a-4c5a-85d3-b162c03961dd","block_type":"box","text":"of the Benchmark Regulation) the following MSCI Limited","page_number":5,"box":{"x":518,"y":333,"width":398,"height":9}},{"id":"04d0ca7d-22c5-4ffe-b07f-139d5e63b9f9","block_type":"box","text":"benchmark:","page_number":5,"box":{"x":518,"y":346,"width":69,"height":7}},{"id":"2afc878a-739b-4524-ab8a-bd02d41f4545","block_type":"box","text":"MSCI World Industrials 35/20 Capped Index","page_number":5,"box":{"x":518,"y":367,"width":262,"height":9}},{"id":"c3f5ce01-cbbf-49c2-bf89-b84991f0d004","block_type":"box","text":"As of the date of the Supplement, no MSCI Limited entity is listed on","page_number":5,"box":{"x":518,"y":388,"width":398,"height":9}},{"id":"8fad57bb-5e6c-49ed-9c34-0b42dec084f2","block_type":"box","text":"the ESMA Register referred to in Article 36 of the Benchmark","page_number":5,"box":{"x":518,"y":401,"width":399,"height":9}},{"id":"321c248c-c57b-4bbd-b053-19c93e1388bd","block_type":"box","text":"Regulation. MSCI Limited is and remains authorized as a UK","page_number":5,"box":{"x":519,"y":413,"width":398,"height":9}},{"id":"30950549-ad76-49d3-9692-e8d65647a6da","block_type":"box","text":"benchmark administrator regulated by the UK Financial Conduct","page_number":5,"box":{"x":518,"y":426,"width":399,"height":9}},{"id":"64820f05-0b16-431e-8c36-d4a4c696d877","block_type":"box","text":"Authority (\"FCA\") (and can be found on the FCA Financial Services","page_number":5,"box":{"x":518,"y":439,"width":398,"height":9}},{"id":"0ed35e95-979d-450a-a3c6-c14edd0bcfde","block_type":"box","text":"Register), but will be considered a “third country” UK administrator","page_number":5,"box":{"x":519,"y":451,"width":398,"height":9}},{"id":"914ec3ca-76ea-410e-8756-8ebfba35bc2e","block_type":"box","text":"vis-a-vis the EU and will not appear on the ESMA Register per","page_number":5,"box":{"x":518,"y":464,"width":399,"height":9}},{"id":"1d84b47b-0ed7-4f50-ac86-586126be05d7","block_type":"box","text":"Article 36 of the Benchmark Regulation unless and until the EU","page_number":5,"box":{"x":518,"y":477,"width":398,"height":9}},{"id":"69afbda5-6c88-4e7a-84db-a19de8e3272c","block_type":"box","text":"grants the UK “equivalence” or until MSCI is granted “endorsement”","page_number":5,"box":{"x":518,"y":489,"width":398,"height":9}},{"id":"8d9b40b8-77b3-4474-ad62-e8fe93bd083d","block_type":"box","text":"or “recognition”.","page_number":5,"box":{"x":518,"y":502,"width":93,"height":9}},{"id":"71368052-65b0-40b5-affd-3e2be2cf9060","block_type":"box","text":"“SPDR®\" is a registered trademark of Standard & Poor's Financial","page_number":5,"box":{"x":518,"y":546,"width":398,"height":9}},{"id":"06236746-b009-4030-9739-3a884e3c571d","block_type":"box","text":"Services LLC (\"S&P\") and has been licensed for use by State Street","page_number":5,"box":{"x":518,"y":559,"width":398,"height":9}},{"id":"6b880581-4c96-401b-a269-cc0cf4520c93","block_type":"box","text":"Corporation. No financial product offered by State Street","page_number":5,"box":{"x":518,"y":571,"width":399,"height":9}},{"id":"898dc373-e7df-423e-b024-9b4fa723f6cc","block_type":"box","text":"Corporation or its affiliates is sponsored, endorsed, sold or","page_number":5,"box":{"x":518,"y":584,"width":399,"height":9}},{"id":"c06072c8-90b3-4a08-b270-350ee444ad2f","block_type":"box","text":"promoted by S&P or its affiliates, and S&P and its affiliates make no","page_number":5,"box":{"x":518,"y":597,"width":398,"height":9}},{"id":"260da21b-a201-4e1c-8f8a-f24a31be747c","block_type":"box","text":"representation, warranty or condition regarding the advisability of","page_number":5,"box":{"x":518,"y":610,"width":398,"height":9}},{"id":"0ba3641a-cdc7-4552-8fc1-e0a12b847822","block_type":"box","text":"buying, selling or holding units/shares in such products. Standard &","page_number":5,"box":{"x":518,"y":622,"width":399,"height":9}},{"id":"d7f2b06b-37aa-47d5-a5ac-a0283e41efa4","block_type":"box","text":"Poor's®, S&P®, SPDR®, S&P 500® are registered trademarks of","page_number":5,"box":{"x":519,"y":635,"width":397,"height":9}},{"id":"7e61eb07-aad9-4cc0-a2ce-37febc39ec26","block_type":"box","text":"Standard & Poor's Financial Services LLC and have been licensed","page_number":5,"box":{"x":518,"y":647,"width":398,"height":8}},{"id":"741b4f73-3633-40ab-931c-ded13cf6cde5","block_type":"box","text":"for use by State Street Corporation.","page_number":5,"box":{"x":518,"y":660,"width":210,"height":9}}],"unit":"per_mille","page_width":595,"page_height":842,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":5}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"94f25d71-e9e5-4c3b-94fb-e4dcc7b51afe"},"user_id":1000002,"date_created":"2026-10-05T21:01:59.067000Z","date_modified":"2026-10-05T21:01:59.067000Z","private":false}