{"annotation_id":"5cab0111-b024-456c-8b10-45ef944cfc26","file_hash":"fc3f39d1a4d2387f1bf0a21f9804b5655a2a64d40831e13136a9ffb2eb3b6984","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"8216d333-34f3-499a-9bbc-9c2678c6e9d8","block_type":"box","text":"State Street Japan Screened Index","page_number":1,"box":{"x":51,"y":71,"width":606,"height":23}},{"id":"7ecfc886-48eb-4a2d-9817-789a0008d81a","block_type":"box","text":"Equity Fund - B GBP Distributing","page_number":1,"box":{"x":52,"y":105,"width":552,"height":23}},{"id":"bc401b89-507b-4adf-9c18-c7df43854667","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"c1d43ff8-145f-4fe3-86d0-2a95eccee83b","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"5f28d061-3ccf-4f05-bc59-76a5e0bee614","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"823b33ef-4944-4539-927c-5f63b5f9e8ac","block_type":"box","text":"LU2583223800","page_number":1,"box":{"x":754,"y":107,"width":83,"height":6}},{"id":"434c6bdf-b854-4d73-a7ee-d77e1e5d22a5","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"341c7d64-10e7-4269-a962-6002c5ec2196","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"6a3cac37-e391-4f5e-ab01-08abe4d1e4ea","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":221,"width":852,"height":7}},{"id":"b0aa5605-972a-470a-9b7a-933588c47fc1","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":"67609c70-ebb4-4705-86e4-322f61cc4064","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":"31d1c4e2-b277-4541-859b-4ba81f3e497a","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"7e9bc7f2-3c2a-49cf-836c-f4149d9d6b62","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"fa0e186c-2b72-4ef5-882e-95e2fd7b5f40","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"24b99ac2-aaa7-4a5b-92eb-01009339dcf2","block_type":"box","text":"5.36%","page_number":1,"box":{"x":105,"y":315,"width":50,"height":8}},{"id":"addff26d-b35b-4e4a-9f93-750e918c4337","block_type":"box","text":"2.09%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"38c33573-8cd0-4817-8208-66872ae5579b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"5c2c34fa-9869-4041-8669-c7e1f5029e50","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"8563bde5-6b9b-471d-b7e0-2cd2ddf289f9","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"9177c874-02aa-4f06-bdf6-9840cc058dc9","block_type":"box","text":"99.99%","page_number":1,"box":{"x":416,"y":346,"width":45,"height":5}},{"id":"7ef49a8b-1e45-4dab-9f87-649d69058cbf","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"61e29c20-73fc-4073-b7c0-78c053f6ac3f","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"d869e726-8dba-47dc-ac32-cbb8a018f071","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"4d66d4b9-2f5c-4c69-b535-50621be18305","block_type":"box","text":"2.37","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"fcddb66b-b71e-4713-bf03-1e5c0ba9bcff","block_type":"box","text":"0.59","page_number":1,"box":{"x":338,"y":425,"width":39,"height":8}},{"id":"66ffeeb7-6520-4651-bc44-39165479bca9","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"488a714c-25a8-4f8b-8a2d-7b33adbaf533","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"0561c6c2-23c1-4442-9e31-bef0ccbbcf36","block_type":"box","text":"99.99%","page_number":1,"box":{"x":182,"y":456,"width":46,"height":5}},{"id":"a0cc9cb3-6512-4c01-b3fa-4f093dacfaea","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"08351953-0f86-45af-abf0-9c2fd48baba5","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"283efd0b-84f1-4879-a93a-44440f664214","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"95019a6e-6e36-48e3-8c97-4a6a6715c78e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"ea66e433-757b-41b8-a54b-17696bd9a93d","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"207895e2-465e-4b56-8ed5-ad2b0c596aaf","block_type":"box","text":"20.91","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"2df93ad9-62a5-4dac-9849-2a8399326273","block_type":"box","text":"99.99%","page_number":1,"box":{"x":438,"y":530,"width":45,"height":6}},{"id":"7b58aa64-f719-47d6-9ddd-66877158cdee","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"beda3b76-523f-4373-8231-27c7b4b4e9f5","block_type":"box","text":"10.88","page_number":1,"box":{"x":322,"y":547,"width":37,"height":5}},{"id":"6076788e-f30d-482a-85fc-a2c3b2e8cc5c","block_type":"box","text":"99.99%","page_number":1,"box":{"x":438,"y":547,"width":45,"height":5}},{"id":"9edf2698-6376-41db-94d6-ee5e181b0222","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"201392fd-0cd6-44dd-9225-ecc22db4c937","block_type":"box","text":"548.23","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"3aa4a167-9786-43b7-a131-21d2985ae9fd","block_type":"box","text":"99.99%","page_number":1,"box":{"x":438,"y":563,"width":45,"height":6}},{"id":"88ae9eb8-e8d0-472c-a9d3-4e2c6e09fb7f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"e298c85f-ca7e-4d75-98b9-1cd4d139327f","block_type":"box","text":"31.80","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"496074dd-74bc-47c9-809f-db9c16a03fc9","block_type":"box","text":"99.99%","page_number":1,"box":{"x":438,"y":580,"width":45,"height":6}},{"id":"5c5ac714-ef11-48b7-9900-c13eb9f344fd","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"ceacd37e-6262-450a-8a09-7de6513f21d4","block_type":"box","text":"591.26","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"d6f27b19-365c-4315-a39f-88bf71f69a3f","block_type":"box","text":"99.99%","page_number":1,"box":{"x":438,"y":597,"width":45,"height":5}},{"id":"cb6398bf-da95-4f61-af9f-150901ccb276","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"9aa770fd-a4e1-4d8d-ab2d-a176383b2dff","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"1208b7f5-68d2-4ac1-934f-563ea2e93633","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"6a698db1-9909-4429-9c37-3a808379eaec","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"b143a682-351a-4f6a-a5b6-b46856de9ba5","block_type":"box","text":"4,103.01","page_number":1,"box":{"x":780,"y":330,"width":61,"height":7}},{"id":"2033d9e5-a62d-4de2-bdfb-f599f4fee266","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":330,"width":45,"height":6}},{"id":"5b22209c-35d0-4b62-8c35-5ab1f8a2aff2","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"c4afe008-6ee4-461f-baef-f88ddccbb46e","block_type":"box","text":"2,135.12","page_number":1,"box":{"x":780,"y":347,"width":60,"height":7}},{"id":"bf12631b-c076-4269-b1d4-19ff7fb53f50","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":347,"width":45,"height":6}},{"id":"c810b1d4-e9e4-4c31-aebe-9946175b2f64","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"e23ae932-ea89-4873-a3bd-5372a74b920f","block_type":"box","text":"107,558.09","page_number":1,"box":{"x":765,"y":363,"width":75,"height":8}},{"id":"32163643-eb30-4330-8df3-35aa3224a133","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":363,"width":45,"height":6}},{"id":"adeb0ac3-f144-49ee-8222-07f557fbc0a3","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"06c869ca-5a5d-41af-9095-8e7562febea1","block_type":"box","text":"6,238.13","page_number":1,"box":{"x":780,"y":380,"width":60,"height":7}},{"id":"dde695cc-f92a-4518-9628-88d9e7d3c699","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":380,"width":45,"height":6}},{"id":"7b03d902-5780-4334-9862-6c273ae3eccb","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"9749cb6a-5b01-4b0b-943d-6472d371a33d","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"f051655e-0b8c-4c52-b2f5-908a090dcff1","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"751ef1e4-30c9-4536-9082-7d9746a2663b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"967c62a3-5a1d-423a-a5e0-cdc3467a22b9","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"1dde731c-83bc-4125-ad83-873a156cd999","block_type":"box","text":"29.77","page_number":1,"box":{"x":803,"y":461,"width":37,"height":6}},{"id":"e4be310e-743c-4471-abb1-03c6ea193faf","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":461,"width":45,"height":6}},{"id":"119e97a4-c25a-42ed-ac4d-0c9d68dfe119","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"06567824-4137-4599-84d6-84090b1bce44","block_type":"box","text":"26.13","page_number":1,"box":{"x":803,"y":478,"width":37,"height":6}},{"id":"f505eba9-7660-406e-baad-a222844f8dd7","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":478,"width":45,"height":6}},{"id":"4c3e667a-7c3f-40e5-9785-477defdb32bb","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"edae90b7-e4a2-4401-aa0f-038b7f98a6d1","block_type":"box","text":"801.39","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"4a1e1e49-c7b3-4766-b72e-2b9fbb68ec49","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":495,"width":45,"height":5}},{"id":"fcbed8bc-7d15-4f13-b4a0-7572c5c20176","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"f416ef5e-ddc3-4321-964f-be47501b40a7","block_type":"box","text":"55.89","page_number":1,"box":{"x":803,"y":511,"width":37,"height":6}},{"id":"c6e01564-120d-4687-b74d-60ec0edd9385","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":511,"width":45,"height":6}},{"id":"ba9ab52c-3ad3-4318-993d-8fdeee884d8b","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"2fa5d7a8-0256-4a89-ba39-213c1a407932","block_type":"box","text":"856.75","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"3b8cd045-be2d-44be-94c0-7e2f4eca0fa6","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":528,"width":45,"height":6}},{"id":"629d8cd3-2ef4-4471-80a4-c0586575f759","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"2f55cdda-4be0-47ac-bc4a-9fea1bf0c0fc","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"81c0fe10-9068-4435-92b1-f473e7c7c218","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"62ee61ca-a89e-4414-aa49-c102e109ed92","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"d29ad434-3089-4fc3-bf94-ff2c29eb486f","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"551e1949-62f0-45f4-bb47-88ff60adbc01","block_type":"box","text":"-12.37%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"bc69205e-f87c-4049-89b8-2ac5447ee874","block_type":"box","text":"99.99%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"1affb629-0685-4ef8-b070-156aeaf05df1","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"288fd86f-9a68-4cb5-b0ac-807c043012d7","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"545f5d6b-96b1-4ba8-9e6b-9d7862f3b371","block_type":"box","text":"2.70%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"829bca9e-2abb-456f-ab17-a247a412a60a","block_type":"box","text":"97.76%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"a8c05c4e-584d-4912-8fbb-1eade0337841","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"2abfe8bb-5e5f-4be4-a55f-e162221cfff6","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"8a2e20cf-2fcf-4fc9-89eb-557ff5866411","block_type":"box","text":"-0.82%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"ad88e8a1-e70a-45c8-a6da-8783ba1c6a30","block_type":"box","text":"97.48%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"3539ead8-aa8b-4b6a-ab9d-b59ba55913cf","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"5cef778d-9950-4652-b8ca-60deb25d1d24","block_type":"box","text":"-2.06%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"729e020a-b7cc-4b7e-a61d-7fa5733f3a93","block_type":"box","text":"97.48%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"c0c8f420-ba83-40e0-93f6-58054d8c63ab","block_type":"box","text":"Report ID: 5648675.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"3fa3b921-3024-4d1e-a574-d1e829a9a6d4","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"98b5e819-2ccc-496c-ab22-2b6cef8c1b5d","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"8e996f96-6f37-4550-bbeb-b7d3a64258e8","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"905ec05c-86e9-443c-9cc5-1817f9c01539","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"af0d2713-9152-4542-bfa3-c560a731f397","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"fcd32429-3fac-485d-a630-2bbab9e8ba10","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"719be3a1-7536-407d-aa8e-2bdfa6ea50c6","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"687b336b-43a3-405c-b9a0-496d4d7ee080","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"3de33936-74ac-480d-bc1b-b698b929ff22","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"de47f2f5-55fe-4cfa-89ec-2b8b233de8fb","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":"17a14d75-45e3-47a5-b8b2-ae624dfbbee1","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":"2d720a06-c659-478a-8240-f8fdaf395599","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"9c987f5c-25fe-40fc-be20-6ac3842bf3ba","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"ae08401b-acf3-4d69-b843-408443b49786","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"e67e8956-45e4-4966-899b-ca19dc6796ab","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"c2a5cfec-16bc-47a0-8631-e3f62d843ad3","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":"e06f0b7b-2a37-47c5-b28c-3d80ac7e20e0","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"1b461a1c-7a9a-4e70-b37e-ec8f1d9e01e3","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"e8a7a9f0-643d-40c2-86c6-a2e50c470ff6","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"7972e368-3f3b-4db4-b6c4-b5e958c935c2","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"43d32802-32ea-446c-9f23-d118b15247e6","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"bbec835d-84f0-437d-b6a5-1438c9e0ee33","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":"84192409-980c-4416-8d89-6ff27d55c101","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":"dec10ce3-9254-4d06-8fde-eb40888edf6b","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":"b765779b-bd4a-422b-b25c-243c53524c9b","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":"bd863e38-afee-46ac-b4c0-e68d139f1109","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":"d28f443e-de9d-40ed-81a8-34e539c140b5","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":"6c06973c-c1ad-4ea3-98a3-d1d6c8579c5f","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"5fab98bf-718e-4ced-9f39-6a282b3d8942","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"a6f0e35f-d481-4842-9a1e-5352f864287c","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"e7b636b2-fd85-4165-9100-4828f223b8b4","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":"968c9a07-95dd-4723-9224-5ca9e71ac48e","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"20b4163a-5290-4ffe-9e1c-73f127a4d474","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"c24bd90b-a8a4-4703-a93b-25e3ca563ebd","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":"df3deaf1-2c7c-4a63-86cc-aad7ebcfd32a","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":"a6a6a4cb-1b1d-474c-b97b-134195d7cefe","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":"8c64366a-44c3-44f5-b4eb-7d65bc05ace9","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":"856d4e50-0da9-4d87-98b3-6bd4514bb39a","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":"1e6242e2-d3bf-4559-a6a0-8087e5655619","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"515a269f-98f2-4a93-bda7-6903a8cca50e","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"5173e8b6-66ab-43f8-96db-f9affb541aec","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"9c590fe7-eea5-4237-872f-b5d0594b5d63","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":"1d9da632-a32f-4aab-8fac-7a5383e04d0b","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"37a1179d-ad54-4efd-8279-700f585eaf2c","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"6f89636f-1a1c-4aff-84de-e6f64753a73e","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":"f027c957-3e17-4934-bcfe-ad58058374e4","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"aa6b9366-da94-44e8-b93a-f0eb0011f34e","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"a425ef0e-03c0-4907-9cfb-87549fb185ed","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"ff5e789c-07b5-4f4c-938b-3fb0e33da023","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"8d87e788-bf01-42ca-b1fa-e2b679e77336","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":"639fb73c-7c7f-4513-a186-2fa943731cd4","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"482c4251-34e3-4d90-b157-86393dfbcc00","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"668a2a0b-9a26-40f1-90c0-08c221c814a8","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"e56d3839-ab6c-438f-9e52-45c130400b74","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":"e95f15ce-8113-4b2d-b2d4-e100b63b4661","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":"fbca5a10-c381-46ed-bd21-0b758d2b2b8e","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":"3cd83677-2880-4f58-b53e-cd192db651f1","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":"a9516a1d-3e57-48ee-ac57-c748e7484223","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":"d986abf1-d76f-4dc3-a25d-a9de2c19faa7","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":"9f33a60d-604b-4aa9-a575-5b9e279f7fbf","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":"5ba7452c-0e7e-466c-a82e-6b53193b7f64","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":"86a404f7-2448-44f2-8b52-fcf7db8db56d","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"70d1fd8d-d878-4672-a030-17af2e760392","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":"a832c8d2-7029-43c1-9b2c-b2ca4a46258c","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"438d51e3-dd0b-458f-b184-873c17c409ea","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"3a537e19-5baf-4433-9d6f-5c9340304fa4","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":"ea2bc600-87bb-4729-8171-8ce9fe06027a","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":"9ea5bcfc-1a86-428a-99f5-365cff118e40","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":"17efc640-5320-489b-a24e-ad29e8e82383","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":"6e41d40d-12da-44a6-8e4b-b43dbe26e7c1","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"1ac24340-5dad-4878-a671-cd2f07fd6d63","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"a31a247d-c215-47ee-85fd-ece935e6bf82","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":"42e31cdb-9910-49df-953e-47f2c31b5142","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":"0d898715-0b5c-4a58-b3ce-912649ca4da5","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"26492c44-09e8-405f-a5ed-51130d513d7c","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":"fd20e35c-abb4-4644-84f8-9ff8804afa84","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":"9f120480-fc8b-4c17-b4a9-566fd1cf5ed2","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":"88dfbc11-ace3-4a1a-b00e-4ba6e7fad987","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":"5718064a-6c29-440d-b702-2be511db001c","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"2bfcd447-4a1f-4be5-926a-320e3d7b00af","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":"4e143e80-7e90-4406-ba83-22a31ba7ba7a","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":"225d8764-b54f-4a0c-b547-0935283f0dd4","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":"a793376f-7673-4728-97fd-bfddd4aadbfd","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"36ccebe4-463c-4b00-9462-2e3a2a8034d5","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"d0a305a3-8dca-4e23-85e8-7c2bbeb7665c","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":"21e84e5b-71a7-4a09-9b7d-0f34ce3b669b","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"d6a208cc-3c3b-41f3-ab0d-46a869101e9e","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":"3251f3e6-7ab0-41df-91fd-d1dfbeca3924","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":"8273a408-5d69-4ce9-8ea5-0fe171d7be14","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"c3e7a395-9862-4e38-8f1e-28c3033b9497","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":"ef58e5e8-b51e-46e2-9b1b-79a9f0dbef28","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":"c4e307ba-6ec1-4b6c-996e-7636903c1774","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"aa615140-8774-4fff-86ba-0ef9db2af98d","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"eea7bbc3-6c02-4d37-a387-cdadc849cd25","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":"909ccd47-e952-46c9-898d-9d50f737dfa6","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":"1cf991f3-23b3-4779-8345-fd881840cd23","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":"4b0664e0-c510-4813-907c-e549beea46e1","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":"3fb32cad-d5c1-4ba2-91f2-0e4455b04c24","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":"83c59468-fe26-4d7c-bd45-32ababcd3a54","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":"976c9268-ee87-4124-b215-8ad7404481b2","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":"ad549aa8-85f4-44bb-8834-bec0ce9da176","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":"0a6385be-6e25-4015-b682-99e0765a53d9","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":"c392f10b-c158-426d-b98d-1f92ad5ae7a9","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":"8c1ae854-f158-42c1-b380-54fd6fd198da","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":"be24bd5c-d248-446e-8e47-001f6c468590","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":"ee8e27a1-80ea-4960-9918-542bc8700545","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":"8fe51319-9d52-47b0-ac72-da1b186d24f0","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"acbe9651-145c-43cb-af99-205a1889ea58","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"9b7a3f0f-f6d6-4b0a-acab-facb97331f51","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"401becd2-d72d-43d8-b167-8eda2693aae9","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"68ba7b94-ff79-49ac-a935-009e966e8284","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":"4919ef59-6d3b-43d9-a48d-a16dc0020292","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":"3c2254b8-313a-4fef-8eab-b30cad42bf50","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"376b9e15-9d7d-4422-aba6-630c9349b9e7","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"40f844e9-9971-4ce0-b4d5-e99c069479c0","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"65a31402-21c0-49d0-971d-c64002e2e799","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"6845a216-25d7-4871-847a-661184b5d19d","block_type":"box","text":"Report ID: 5648675.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"4a4a456c-14f8-46b8-9ee2-159d169a72b4","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"734d7beb-2ca7-4d7b-b149-13fb0b5b7e84","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"e0767b34-a0ad-44d8-8ee2-b719711ed8db","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"818cdb6a-38e2-4197-a023-2ab151354905","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"6eab278b-b228-4a14-b3d4-488d0ad3d2fd","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"2baf3009-08e3-4278-825a-9b3a86d34409","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"1a7d8e9e-ea61-4780-8a6a-696af8cbf610","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"23415069-ccf8-4f9e-9dd9-55613c0f9582","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"eae4919a-cd30-4762-8387-bac98edfa705","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"99c4e015-a6aa-44bb-a905-2cc8c724f188","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":"3d826dcd-652c-47e6-83d2-f1b3e319e0fa","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"efd8dd31-090c-4b05-9c76-1d3a068b1e87","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"b2ebf9b6-8a18-482a-8d83-5cacf8f848c6","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"3351e2f7-157a-4295-a35b-885d44962dc7","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"71b2a0d0-2a4b-41e8-b179-c7c75b7bd6ec","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"5f2217c3-07c9-4c4a-8b74-f294383eb3a0","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":"4909ebc3-6b54-4ecc-9c54-b8eeaeb823b4","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":"e34c0483-7cec-409d-9133-0414804f77f9","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":"06367f5d-eb4f-4bf3-b1ad-fd87dbd4c63b","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":"07286cc2-f9a9-4dd6-956b-837a2fc825b2","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":"bb3d8af2-ea9e-4db4-a1e6-cdb9989a58fb","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"45bed712-b2d6-4165-9f5e-5345d165302a","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":"cea1bf9d-8f9b-430d-9d22-34477b51b045","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":"45d2e362-6c67-41b9-9cb0-de00cc2b628b","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":"87f47775-b700-47ca-a091-5aef9af94c24","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"6972a4d6-e007-4986-92d5-138d43d5ab68","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":"2eb76f0e-4df2-4168-931d-159755cd4e3c","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":"d7ecfc0f-f1df-4c27-8621-7416e0564b1a","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":"b095625c-2ae4-4fd2-bcf1-4bf306e1059b","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":"f00f6907-2c0f-469b-bbf6-44ce627daa78","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":"4cef0830-9208-411d-a4df-47de034bfcf0","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":"a1a9afbb-c329-42fc-b081-ca63551c2e19","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":"c7ae028a-75e2-4bbe-9b70-f456722698bb","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":"2a9828fd-bab3-4fb9-bef1-a8d9d60e4cc2","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":"cd4cd31d-252b-4d88-aafd-318b85136f1e","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":"b6bb57a7-ff6b-4109-b2ea-d8a1f7357351","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":"a3497333-99f5-42e6-adb2-9a2eb496b53f","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":"4de99926-dcef-454c-98c5-8ebbb36be0e8","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":"7c546ce3-84c1-4145-a65d-0ebfe445148e","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":"b1571395-49c5-4b55-a0ae-160493103058","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":"b11a17c2-8c60-4152-8662-cffec650f48d","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"64a48cc4-402d-48b6-b804-3ceaa3049ac1","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":"cc30abbf-e9e7-4eee-90a0-512ebd90c764","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":"0f3d1d67-898e-4739-97f3-ac7064218006","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":"a9e224f1-118e-412f-9955-9c7a75171ac4","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":"10768b5a-9874-4ede-9062-a992fc118e95","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"c2739f11-edf5-4711-a475-6ef2e7f5e215","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":"2efc0a67-ab2d-4e23-ab6e-ff8ac9314807","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":"a53b2450-d549-4d81-8b6d-f711f8f2549c","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":"36313ad9-b6e5-4856-a26f-1663664cde26","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":"b1c2ab87-8386-49c0-8f5d-55dc957fd30a","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":"dd6f0815-b619-45b9-ba61-326331ffc066","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":"c256688a-659c-4524-9b15-b1e9922fee92","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"ba213df9-0904-42ed-85f3-7dc044859401","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":"8d2d76c4-388d-41c3-9e35-5975074a9935","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":"69f6de2a-2164-4112-8f3d-bb3fdd772d0a","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"e6307903-154d-45c8-99d4-938ba767ffb6","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":"0ab6cb0e-c728-4ea8-aa9f-d475b9f52057","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":"e8fa1c54-4923-4fac-87bc-d97cfe2e97b6","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":"52cba94d-b6b8-4104-b7f6-d88259623e60","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":"49c357de-d09b-4ed7-83f8-6776a689f1d8","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":"dc681420-bfec-4687-8fa3-54772e362f06","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"e0bd894d-eb60-4525-8d30-8b02827c95ad","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":"0c358896-daf1-4322-a471-ab63ff5b70bc","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":"21c3beb9-34cb-4c08-b528-0a5304a1f9af","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":"529b84da-36e5-4392-a6f1-291dbc5a84a9","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":"ec1ba2f6-b2ba-4da5-b622-e970f6fdb220","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":"14a0a1c1-648b-48f8-ba16-9b14e085bc87","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":"e1bb1e00-319d-4fc6-a8b7-1b3bdcca9e39","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":"39488068-d46f-4f3a-882a-3725d03f0f5f","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":"dd9fc634-8761-4bb8-af3d-1189a0d4051d","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":"9346356a-822b-471d-9e8a-dd7304b85188","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":"62b582b1-9715-477a-9b61-6b4c21955500","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":"d7caac5d-b43c-482d-9b53-21a5c4bcdfbb","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":"84082276-9e03-460d-a06d-129cf816d9ec","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":"a0b8619b-3630-4499-90c6-1d0866a7ce81","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":"fe765529-25ff-4ec9-b411-078108dd883b","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":"a05bff26-6752-4d9c-9081-0ffb498402c9","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"893af7f2-fa78-40f7-bbf9-2b4aedb581f5","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":"da087192-caab-4af3-8c51-a95b03ebffc8","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":"a099abab-3a26-4f97-be6d-82b720cb52d0","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":"d278ac75-3bd5-41a5-a549-83818111b921","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":"c643dc7e-41cc-415b-92e8-60ad55f015b4","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"26b2d691-3abb-49cc-8b50-d8861a5e509b","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"9993db6a-ecc8-45af-b00a-c07e20d6b6c4","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":"b41a2563-84c3-4003-ba6f-9447912b68b6","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"aeaeb592-055d-44d4-8b25-ecba66741e47","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":"5e2fe1b6-f788-45ab-bf6b-9e78b323fe63","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":"0cbe7561-f883-4452-8087-c32c52d50381","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"8e81d17d-cc04-42e0-8bcb-2f1316f1e11e","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":"b08aee3d-b535-418a-b180-c692ed03d0d3","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":"ae438196-cdf9-4075-b1b9-ce8fb1061154","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":"8ee6cd36-f7f0-4a47-8934-88adb32113c6","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":"67998444-1979-4bd1-adf7-86f49d67d00b","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":"af4fbb15-4d7a-4951-bf20-83278ced1b6f","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":"0b9c934c-2d42-45ee-8038-3ad4c517ebbb","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":"d6e83114-0182-44eb-ad92-567b54d0567a","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":"fe4a5cd9-d479-48b3-ad48-38bfdbcc2c4e","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":"cfa00b09-8f01-4339-85c6-a16be09ff278","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":"9d83b9ba-63d9-4385-9be4-92fc81179394","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":"f11493f2-8533-4583-a4f0-a91169ba1c02","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":"07eb529c-6c54-4e6a-a46a-28fde37405bf","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":"56bf419a-63a0-48c0-af78-e6a925f13d1d","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"e99e65f6-b70d-4fa9-a5c7-724d10a1b592","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":"887d91db-15a8-4aa4-9bb3-54a67f375396","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":"e483ca1e-350f-401c-9478-9588f99f5f1e","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":"0b706171-05fd-4529-adb7-47441333ebd0","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":"d3525e7a-0d23-4a23-b1a6-42aaed5b941b","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":"1d924e3e-56f8-4fe4-8161-41ed71179c25","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"ef6d1912-190b-4478-8e1a-5e27286464a9","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":"8ddb0a9e-fd49-4e0a-a70a-8d471bf442d1","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":"b0f615cb-7b44-4dee-8a56-8e60d5e7f88b","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":"d020d553-a8e5-4f6b-b346-0bdd2568d13e","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":"35be7f4f-92b5-4ff7-93b5-8fa4c977c61e","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":"a383c5c9-416e-4bde-91cf-5bf8e8aa1f8b","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":"7a78e499-5104-4075-a2db-c5c203f7bc7d","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":"d9149753-efdd-4e23-98a8-29298d9f69d6","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":"32aa30c4-ceaa-4491-9e41-7713c78e1f88","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":"e7fff005-1ec4-49bd-9df6-dc7613481033","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":"938d4598-c75e-42ee-8efe-799cec0e73eb","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":"635d03b1-869f-4ce4-8af6-fa89161ab103","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":"ff0e4776-5497-4a75-b48c-b6b53c9ea1de","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":"e7b597a2-8639-4b11-9682-bbd2c1c2b891","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":"4bdda9fb-821a-4263-81b7-b3126d3665ab","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":"68d0aac2-6d30-4da8-a160-a9cc6110ce4b","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":"02f754f3-0151-4971-96aa-e0e03d43038f","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":"15ad0aa7-a883-425a-b001-b72e2fedf854","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":"6c8fb279-526e-4a99-9226-341eb3ca0d24","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":"81231ff6-f25c-415e-8bc3-2bc4f93e8957","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":"525466a9-ec4c-48da-b51b-aa94a46963a9","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":"353056dc-8906-450c-9409-003b34c2deea","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":"2cb2a66e-2b44-449b-bbf8-6b1550ba3c25","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":"af1bdc47-03da-455b-bc51-dd79eac94eb4","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":"3b4a0fc4-e216-49c9-9577-682c56e91d96","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":"c21f2012-3245-4e70-8554-46fae356c790","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":"56ba0303-8684-4c40-a25b-41c3db218e62","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"7348af8d-09f3-4c8b-a23d-dabe20f1441e","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":"cb0bcf58-5ecc-456d-b107-53be9828d888","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":"743bd896-88a0-4956-933f-fcc2af4785bc","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":"7afe978f-f1dd-4216-bc01-48c5d951afcd","block_type":"box","text":"Report ID: 5648675.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"ed9dac4b-2d08-442a-a082-5e20a504777b","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"dd6d9cd5-4b96-49e4-a561-ca6fe94e441d","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"f417d973-380f-4d9f-81c3-e23ebdf8ea3a","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"6e50837a-d1b7-4eef-985b-09485eff358d","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"0cb100aa-cd75-4036-9b05-e14114c12d75","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"4f0d6ec7-f60c-4369-adcf-00deb422ac03","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"342aec3a-ce69-4af2-bd83-c8c88bd94b27","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"f6ebac14-671a-44ef-aeda-88c57c030b50","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"ba713d8c-0320-42a4-81b1-1db480085a51","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":"5ee757ec-b641-4f66-8945-4c921f0d9470","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":"2aa7d166-1551-48ae-9e27-15740525fc5c","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"23a76d53-cb1c-4136-b82a-5e1497aaf44d","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":"b89c23b7-1ce0-4a24-8ccc-708c4f0831e3","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":"58164987-3d46-4451-8c2a-fca31f0bda61","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"5bd49b21-53d3-4842-939d-11e65887b426","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":"bd2da287-a17f-491c-bfc2-81e4876f563c","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":"e552e351-a807-42e8-8a36-50e1a0d0835e","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":"0f68359b-f4a7-47d9-9c8e-1f38681527ec","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":"5816d24c-bc3a-4a81-8b99-8baf8fd316e2","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":"cc638d56-63bb-4bbc-9f48-96a7fe4b6f11","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"3d5c9d2f-e1f8-4bd3-a687-2cc23f6c9f7d","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"f64b98a1-2f03-442d-9ad3-bae423d675d3","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"dea29138-0165-4431-96d3-7bf30890dad5","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":"d50c90bb-2cb4-4f7a-ad07-e002eb3a3a02","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"89f42530-3c67-42c6-94dc-f1bffb59e493","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":"8a65679b-00b8-41ec-86cb-8053980fa708","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":"e309c436-3f4f-48c6-a5c4-4b407f4bca54","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":"cc7bb265-6dd4-466b-9777-ed35a04704b9","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":"e30cb54e-bea3-440f-8fc5-4e5fa06a1ee7","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"74ac9df2-6ccd-4aa5-9de2-e263dd886de1","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":"023f9dbf-2c97-4adc-8db1-1995adf0315c","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"d42bf388-c059-4acc-bb23-a930f40748d9","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":"976261d1-1a7d-4acb-bc23-bd7a00257d69","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":"d3087b23-c6dd-4a28-b3d9-191dd0d92772","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":"686cf03b-6625-4ea3-bad3-944cc41d6e98","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":"23fae397-11d8-4efb-ba23-a7c8c5e996c3","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":"93591e9a-3688-4833-91d7-42c696c13ade","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":"898302eb-9f85-49fa-ac23-05d627852f5b","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":"15a92623-c041-46ba-afdf-65d5e88e1ab4","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":"bd06503b-8c58-4bba-9be5-d5c190093c84","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":"4e345d27-2215-4c84-9017-7843e30404c0","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"6c3af670-657a-4e5c-a3e7-a8e548d8aaa3","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":"45246a43-b721-4405-9cb2-f2a00a806d39","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":"b1629116-50d0-429a-834f-b0a3b0a72ff5","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":"9c32a76b-bdcd-47d3-84c2-8ea3e920655e","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"8a9ba877-feef-4585-85e2-d7d9afc0252c","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":"a9a0e189-916d-44fb-b1db-1f8fca3d134a","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":"00277101-8b3b-48cf-8427-24e83264c250","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":"0bd35d97-8221-428b-bb4c-fba21795ec3e","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":"453f5e90-5078-4fa5-b0b6-5685ecfa9804","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":"17c26b22-4a18-472e-8d47-5fdf88a0240d","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":"028884ef-7ec2-45ef-807d-9e1a2b1f7cf7","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":"6b8f4401-8dce-46f9-90f2-85ed9a55538a","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":"f425f57f-95d1-49f2-ab02-d52724ba4ba8","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":"ba09239e-9d77-403c-9caa-33e1699bde05","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":"d43978bd-8499-4f19-af3b-121b87a83d42","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":"ef33abdc-4a00-4861-8b0e-765ec4429177","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":"01b9a597-530c-47a1-87e2-5f4919a8dbf6","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"42c86cdc-113f-41a7-ad99-432a2f534295","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":"21a0393e-9086-4cee-a9f9-7b49b7303bab","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":"24e68038-5967-40a9-99df-282a49eddfba","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":"e90d13f7-5152-4920-a652-ab48d05e7666","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"a7b39589-5ca5-4141-a041-3a5da5cf5b92","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"565725d8-ff02-480c-bb6c-254d66dff697","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"04ea087f-e4c6-48b3-9d12-c8278407bf7b","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"6a311ec7-0f20-407f-9387-8f2f936e2bd4","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"ee73bf03-8198-4ed9-83db-cfe6f18f5245","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"4d86353d-0d80-4fa6-8eb9-4abbb11a8679","block_type":"box","text":"Report ID: 5648675.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"f5507728-251a-43d6-84ed-ab36e482f56f","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"9026b538-34bf-47c2-94d1-5e8ed54c0608","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"e8c5885e-faf1-4960-a36e-4289ab44484d","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"81efae1a-8d84-498d-b76a-7db5816065f4","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"ee7043a8-b3ba-40a1-874a-57a8f971606d","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"1927ef00-7b89-4369-976e-68a5b64fd83e","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"cde18d8d-c2cb-4678-9d31-58bb3535bbca","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"8379dfa7-ec0e-481e-95d9-fb45812ef9aa","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":"26b9805b-ed02-4058-93d7-1bd150dcf927"},"user_id":1000002,"date_created":"2026-10-17T01:09:29.535000Z","date_modified":"2026-10-17T01:09:29.535000Z","private":false}