{"annotation_id":"5f2c6462-c22e-424d-82cb-8a94230ef603","file_hash":"1fff37d4ce6f456f96e2a3b414e82eeab40981a0de5fcd73c4466593172e9f50","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"c7ec0309-bd0f-4978-ad29-8fbd18f58578","block_type":"box","text":"State Street World Screened Index","page_number":1,"box":{"x":51,"y":71,"width":602,"height":18}},{"id":"eeb9440c-86bb-42a5-9489-810cbe30c0f5","block_type":"box","text":"Equity Fund - I USD Portfolio Hedged","page_number":1,"box":{"x":52,"y":105,"width":631,"height":23}},{"id":"a04c02bf-7fe2-4024-b4f6-75fe62ea37ff","block_type":"box","text":"Distributing","page_number":1,"box":{"x":52,"y":140,"width":201,"height":22}},{"id":"9688383f-15cb-41fc-aebb-f802ae754dab","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"90e5fd4e-53a5-4bea-b7ef-b7e659db517e","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"a5ab03d7-7450-4fac-9e73-d22ddfd13235","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"3229a10a-6bde-41ed-9d88-77233f85435d","block_type":"box","text":"LU2356060629","page_number":1,"box":{"x":754,"y":107,"width":84,"height":6}},{"id":"9eaaac9d-787b-4a3f-88a9-2b0f74f86bd1","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"8b54cf73-3547-4178-9169-7cd2e1b7530c","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":199,"width":225,"height":16}},{"id":"9e45714b-fbc4-4f59-a8d5-250d5903e2cf","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":232,"width":844,"height":7}},{"id":"6568b19a-2b60-40f4-8821-37f59856a96d","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":246,"width":875,"height":7}},{"id":"bd8e5dec-f6dc-4197-bafb-123e67f8aba0","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":256,"width":481,"height":8}},{"id":"bf9a1a0b-e8ac-49d7-b92d-c4f38a46bd12","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":270,"width":123,"height":7}},{"id":"925651d6-bd8d-46c6-84c0-0f8b39923918","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":301,"width":123,"height":9}},{"id":"efe1b91b-7947-4f8b-8f34-fb79784e380d","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":301,"width":125,"height":8}},{"id":"a4fc4877-bc7c-43d5-b9b4-1d284ca66c4b","block_type":"box","text":"10.93%","page_number":1,"box":{"x":105,"y":327,"width":60,"height":7}},{"id":"354731c5-7a98-4164-9514-04544d58c37f","block_type":"box","text":"3.67%","page_number":1,"box":{"x":338,"y":327,"width":51,"height":7}},{"id":"292a734e-5fc5-4ead-b8cc-0d0d56083945","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":356,"width":93,"height":7}},{"id":"a8d26209-8e4b-4ea3-b68c-633634842a60","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":357,"width":53,"height":6}},{"id":"63d3dfb8-d774-4481-8d10-ae623aeed706","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":356,"width":93,"height":7}},{"id":"996cc4ff-4fbd-49f1-9a3f-021ca8ad7b04","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":357,"width":53,"height":6}},{"id":"e8d70d61-f1e4-489d-8226-9f90a91b7893","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":398,"width":162,"height":10}},{"id":"1e9bbaff-5ec2-4cd3-8731-e8e6f590953d","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":413,"width":64,"height":9}},{"id":"87fd73eb-5004-4ae5-be59-1041999c4a2c","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":398,"width":146,"height":8}},{"id":"a10b1e35-da4d-4d10-a974-67f6fb6cf584","block_type":"box","text":"2.57","page_number":1,"box":{"x":105,"y":436,"width":39,"height":8}},{"id":"e7f2832e-a4e5-4848-905e-db6e46254e50","block_type":"box","text":"0.37","page_number":1,"box":{"x":338,"y":436,"width":40,"height":8}},{"id":"4e4d0c2c-c30c-424f-9d35-db952b7b6bcf","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":452,"width":111,"height":7}},{"id":"a7e5a0ec-21d9-4960-925d-9f7aa333b890","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":465,"width":93,"height":8}},{"id":"53ac3f9d-87ad-45fd-a3dc-fb05c27659e8","block_type":"box","text":"99.75%","page_number":1,"box":{"x":182,"y":467,"width":46,"height":5}},{"id":"c913bac1-7272-490b-9fc6-17a8ed1b573d","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":507,"width":133,"height":10}},{"id":"c121ae65-e863-46b7-bff8-d8d29cd7dedc","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":510,"width":76,"height":6}},{"id":"6f1ca3ba-730d-4614-905d-4fe4fd976302","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":526,"width":41,"height":6}},{"id":"0a1226df-335e-4f0a-be08-f0e926f451b5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":526,"width":93,"height":7}},{"id":"d8e417ac-5278-46cd-bbbd-75e9eb99d508","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":540,"width":37,"height":7}},{"id":"3138f487-43d6-404c-950f-feaf4d51d757","block_type":"box","text":"16.33","page_number":1,"box":{"x":322,"y":541,"width":37,"height":6}},{"id":"cf099886-51a8-435d-bda6-6d0a93d8fee6","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":541,"width":53,"height":6}},{"id":"b7a9bf71-3d45-471e-814b-d538106d70dc","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":557,"width":41,"height":7}},{"id":"c303a7d4-d91f-4691-bab9-b305925cf073","block_type":"box","text":"5.27","page_number":1,"box":{"x":330,"y":558,"width":29,"height":6}},{"id":"1626b946-4fa3-45d4-bb63-3235b63c6336","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":558,"width":53,"height":6}},{"id":"025d74e7-5845-486f-b4da-20092d19708a","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":573,"width":41,"height":7}},{"id":"5e3ddff2-445f-4e31-a3fd-9f21f07e9cea","block_type":"box","text":"236.77","page_number":1,"box":{"x":314,"y":574,"width":45,"height":6}},{"id":"8d9111e9-e735-45e5-9ce1-8a4e44fe309f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":574,"width":53,"height":6}},{"id":"3a71481b-f6ad-4b1a-bdad-bb424367a6a7","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":590,"width":52,"height":7}},{"id":"6ce687f3-ce04-41b9-9519-7a70e02a49e2","block_type":"box","text":"21.60","page_number":1,"box":{"x":322,"y":591,"width":37,"height":6}},{"id":"8f057eaa-7b16-4f93-8286-a79c217c3a8a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":591,"width":53,"height":6}},{"id":"101d50d2-2356-497a-9e1c-c74e6145115c","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":606,"width":66,"height":8}},{"id":"46e2c517-5478-4b91-8089-bb19e54fac89","block_type":"box","text":"271.30","page_number":1,"box":{"x":314,"y":608,"width":45,"height":6}},{"id":"775c6635-4cec-442a-a049-c4c8792d827d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":608,"width":53,"height":6}},{"id":"73b4f7ed-8802-4d95-a592-86fc00933c57","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":302,"width":177,"height":8}},{"id":"002b37d4-a25c-4164-98d0-46263d890722","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":326,"width":42,"height":6}},{"id":"d327a6b9-78ae-43dd-9dd4-c091d4e654b5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":326,"width":93,"height":7}},{"id":"17676018-0afc-459a-8868-6f74d6a37360","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":340,"width":37,"height":7}},{"id":"f2c85abe-fb97-45d6-89d6-35fc4a9f029c","block_type":"box","text":"94,793.05","page_number":1,"box":{"x":772,"y":341,"width":68,"height":8}},{"id":"3eca05ca-4653-42ab-8191-17d4a714ef2e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":341,"width":52,"height":6}},{"id":"f7626c79-92a5-4f48-ae79-8a4865ccbd6c","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":357,"width":40,"height":7}},{"id":"5dc0041c-3d49-49e5-9469-af4f256be740","block_type":"box","text":"30,593.43","page_number":1,"box":{"x":772,"y":358,"width":68,"height":7}},{"id":"f18f21dc-f236-4aa9-a544-36e4ea59846c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":358,"width":52,"height":6}},{"id":"e4601f4f-2b67-434e-952d-2e481ca43d50","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":373,"width":40,"height":8}},{"id":"663f70f0-08a4-4441-9fcb-a5923c5f9e6e","block_type":"box","text":"1,374,191.70","page_number":1,"box":{"x":749,"y":375,"width":92,"height":7}},{"id":"84ba8391-f390-49dc-acd8-0fd1d15f3b8c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":375,"width":52,"height":5}},{"id":"c82e3a7c-77e9-4d2a-9780-bc7d546cee63","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":390,"width":51,"height":7}},{"id":"7796d50b-0c17-49b8-9149-bda80ec51d1f","block_type":"box","text":"125,387.09","page_number":1,"box":{"x":765,"y":391,"width":75,"height":7}},{"id":"a0393f8e-ff27-491b-bc89-4c48d1105f39","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":391,"width":52,"height":6}},{"id":"ba9d4c94-38dc-4e2d-a5d8-6b45940af923","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":433,"width":271,"height":11}},{"id":"2c5dde06-f381-4965-8f1e-2ebe3908bb8d","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":436,"width":77,"height":6}},{"id":"8d269a9c-fd41-442a-bc9d-eb0b51c448a8","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":457,"width":42,"height":6}},{"id":"4c474c78-cfde-4d3a-b7e7-6937305294ea","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":457,"width":93,"height":8}},{"id":"1b5fe2a4-c759-4f1e-bf5e-a693191aa1d9","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":471,"width":37,"height":7}},{"id":"52313793-7aea-4a48-aa7c-7a3f5ba0c496","block_type":"box","text":"44.99","page_number":1,"box":{"x":803,"y":472,"width":37,"height":6}},{"id":"0af3b7b1-9584-4d2f-ad20-6c130762ceaa","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":472,"width":52,"height":6}},{"id":"0add5979-2471-47c0-835e-b54a14fd0801","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":488,"width":40,"height":7}},{"id":"ebcbb537-9c79-4127-8d46-e65802ad1911","block_type":"box","text":"20.85","page_number":1,"box":{"x":803,"y":489,"width":37,"height":6}},{"id":"e491cfc8-ab81-4a42-8ebf-b94ce9266e3c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":489,"width":52,"height":6}},{"id":"63c4954f-cd49-4e09-9ac5-d77664d6659b","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":504,"width":40,"height":8}},{"id":"2daa87f4-bfd6-4235-a90b-6f231d9bc8b5","block_type":"box","text":"627.18","page_number":1,"box":{"x":795,"y":506,"width":46,"height":5}},{"id":"dc350ee4-cd87-468f-bbd2-5f837e7fefb9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":506,"width":52,"height":5}},{"id":"1dbe2ba9-12ce-40c2-a222-096634c40cd9","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":521,"width":51,"height":7}},{"id":"87121854-b944-41c6-b9ce-5e5cbd5710ae","block_type":"box","text":"65.77","page_number":1,"box":{"x":803,"y":522,"width":37,"height":6}},{"id":"531b742f-01c1-4f30-92f5-fab73c124c4f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":522,"width":52,"height":6}},{"id":"8d2a0e86-a7ee-478e-a618-35c7fc46c461","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":538,"width":66,"height":7}},{"id":"0dab6431-210f-431b-8b3f-fb651b0c2f03","block_type":"box","text":"691.84","page_number":1,"box":{"x":795,"y":539,"width":46,"height":6}},{"id":"e87994be-b780-4ad3-877f-3d6942b15ecc","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":539,"width":52,"height":6}},{"id":"cf74ddcb-8f9b-431c-9eff-8d35b9db232c","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":580,"width":189,"height":10}},{"id":"f6797d82-dc15-4132-b874-2a518c113827","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":606,"width":82,"height":7}},{"id":"4d03b434-72eb-42a4-a07c-350b7bf08428","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":606,"width":42,"height":6}},{"id":"ea198686-3e3b-4c52-aa10-5ec90694c531","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":606,"width":93,"height":7}},{"id":"78dbeb78-be34-4b6e-b135-90331ed07b2f","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":620,"width":127,"height":7}},{"id":"7fe2c392-fa2d-4571-8788-a6042741ee04","block_type":"box","text":"-7.29%","page_number":1,"box":{"x":797,"y":621,"width":44,"height":6}},{"id":"5b581b7a-cccd-4511-ab54-373e1e49295d","block_type":"box","text":"99.80%","page_number":1,"box":{"x":903,"y":621,"width":45,"height":6}},{"id":"54d16d8a-4194-48bc-bc33-d7e49d82fbe9","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":636,"width":164,"height":8}},{"id":"c207ae52-0a23-4c02-92ae-34c31ba926c5","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":653,"width":127,"height":7}},{"id":"0e7e40c4-e938-4e0f-9a01-4c177425b3bd","block_type":"box","text":"0.59%","page_number":1,"box":{"x":803,"y":654,"width":38,"height":6}},{"id":"faab62cb-6b2e-40fc-9aa9-90c894e83e6d","block_type":"box","text":"94.91%","page_number":1,"box":{"x":903,"y":654,"width":45,"height":6}},{"id":"ff57b4ad-2382-4704-b05b-c26715f63002","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":670,"width":95,"height":7}},{"id":"8ec129ed-b8ef-43a0-93ce-a6fe96743ac8","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":686,"width":127,"height":8}},{"id":"1856675a-c91d-44bb-bb0a-a9fa894c5115","block_type":"box","text":"-0.29%","page_number":1,"box":{"x":797,"y":687,"width":44,"height":6}},{"id":"a55ab36a-3f15-418c-805e-01a70b9c8b33","block_type":"box","text":"99.20%","page_number":1,"box":{"x":903,"y":687,"width":45,"height":6}},{"id":"71575bc9-bc30-4620-9b78-0ab3f6d1e094","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":703,"width":79,"height":6}},{"id":"34968396-b3c0-486c-9e4f-5e761ca8dee6","block_type":"box","text":"-0.87%","page_number":1,"box":{"x":797,"y":704,"width":44,"height":6}},{"id":"2bd84fb1-6755-4474-9f2a-7f33d6066b3f","block_type":"box","text":"99.20%","page_number":1,"box":{"x":903,"y":704,"width":45,"height":6}},{"id":"a3d32ad8-2f8b-4cd0-955d-68ee6790f1d3","block_type":"box","text":"Report ID: 5592885.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"cbac2cc2-b041-4a82-b7a7-e4aeab7c7c39","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"f93ca45f-65fc-4eb0-90bc-aa19557b13ad","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"8b0635cd-68ca-4ed4-9491-205f2043f710","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"03987d01-d3fa-4e74-a7b9-11ed7cc6582b","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"c2a532b0-cece-4c66-a88e-3fc0a7b090c6","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"91531eaf-99c6-4a21-a1cd-c5bf1e3c3d48","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"6ec4a8cf-53ae-4aaa-9e56-18929e60b885","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"3c641ee6-d9c8-49a0-a760-c9d865473101","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"f4f936f0-a737-48ec-b280-e30e90d22160","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"b54c68e1-fe73-4611-ad33-b567b9af5b5f","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":"d4a0cc6d-2e30-4e9d-928c-f0d66a9640a4","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":"3eb4ea42-98c9-47a9-ae1e-93533afbbaaa","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"c4fdeaf9-acd2-4118-b0a9-a849693bd357","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"ad33af6c-3679-45a6-937f-d057551cc93c","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"2e2279f1-ff69-4a55-9660-af5a3dc50498","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"2a597062-34e8-42d2-b39c-86205fa6e356","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":"c61abf98-e893-4950-991d-9cfd652ed786","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"efb05384-9873-4aed-a305-4c95e22414cb","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"df96a88b-fae5-4a9c-8783-898bdbc7f5a7","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"35c9702b-1e4c-4224-8f17-099bc2076acb","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"cb7579ef-d428-41ce-a605-4ad6b4010618","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"c528ca78-6a4f-43a0-8dcd-8e1bf857e5b1","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":"6e21d4f0-3d80-4b22-ade8-24fb8b19bbf7","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":"2cd794ca-b61f-4fb7-8960-ca8db2007300","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":"e54cd0ff-b81a-4bae-83f8-fb0040125776","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":"aceec637-166c-4b0e-b609-c07dc22e252e","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":"db30a8ce-5c71-4a56-818d-fe8c5f43cefd","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":"ecd65a88-2f3b-40e9-bf8d-7dda7b289a43","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"bc2a72ca-68c2-42c6-a436-04f9a4d19783","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"1d4fb4fb-9ea4-44ec-8ef8-450d0af3d06a","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"baed6ee0-f140-4b79-b44a-edc5e01ff602","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":"156f67dc-b7a1-4109-9f53-474fcc47f4fd","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"0c9da843-6e60-4dda-99cf-11392a0cf192","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"d9cd5ef2-ca98-4c0d-9628-0992ca93062e","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":"bdbf9a6c-24c5-4e75-92d3-f0a06841a2f9","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":"537ccfbd-45a5-4d56-9e15-eb89c315050b","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":"36a31cac-cde9-46e4-a54e-d2cb71cbc200","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":"791da9dc-4439-4207-8987-77c14dae668a","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":"3d6c13fc-30e5-47c0-a794-9f87775d3658","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"0e54537d-fab5-47e6-b763-0b6b9e8cdea3","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"3cd23321-53d6-4b05-b725-17533d52d101","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"a8a4be0b-9b77-4623-b39b-51799f041531","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":"25916dba-2f87-4df9-877e-655e2d0d9c21","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"ddc226a9-81d9-432a-b269-e84de3b68c0a","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"720d15ee-ecc5-4bbd-89f5-b84ae3007917","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":"1274eac7-010e-4ba2-a8e7-c39881a69d24","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"5e07b6e8-b07e-4a0e-855c-1562459ca5e6","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"f400a495-b7f9-4480-9d43-263d2edb2f9a","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"55ca6e09-d00e-4644-93f8-d68ca6994e41","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"857765be-a249-4eee-b9b7-a0c298bf388e","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":"b4090a13-c6b9-44be-a0e7-da0a44b19e12","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"082ea608-254e-41bf-830f-0b0756454702","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"d733f418-6dda-4edb-87ee-eb3cba6566df","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"effe157e-aaad-4fdd-9d24-172036a96ff2","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":"c479cc76-e288-4799-9c40-a514300e2ba6","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":"a4d80eff-5d2c-4f59-a622-9d6ee2391d8d","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":"41dbaba2-18fd-4b62-b3bd-ede58014359a","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":"672c9446-3963-4e69-a267-5877de7c594e","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":"b4af8d2b-79f2-4804-923a-4c1339e5a353","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":"b0309bdd-2800-49b2-9687-f0997fefd66b","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":"ec2737a0-ba86-457b-8079-c78ca908eb88","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":"f39626d4-6a83-454c-a419-bcdb774e7ee9","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"11b30aca-e19e-40d0-803f-9bdc2148b478","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":"826ee26c-3fa2-4f03-9d2b-f17b0ba40eb2","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"6ee1e503-c0fb-42b5-b701-f88d21cbc7b3","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"76fbab17-02da-402d-aa54-fb27f6eb573f","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":"74cb3ed8-5816-452e-90c8-be18ff27d5be","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":"9d923713-2dcb-4de3-8e56-11aae0d0a973","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":"38ed50d8-fa2f-421f-88a6-1b89cd2c58a9","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":"01f79c36-274a-4707-b0c5-4aae1c2cd15c","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"60afbf71-5b58-4a75-abca-2934d0be1c63","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"ab495250-b068-412e-8d5b-fbdfe0ef32c2","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":"827f9cf5-1a5f-4514-81d2-a227642e8ca2","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":"10aa5eee-84dd-406a-b18d-ddf2f30237cb","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"347eb797-4c28-4c49-ad90-7a32efd7282e","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":"6f1a972c-9f13-473a-9c18-fa8b642df226","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":"77d12adc-9430-4fd7-86c2-a6deda017100","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":"322cc986-eccb-4fe5-b43b-c1f489648b4f","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":"fe2ccd02-3108-400b-90ab-6567e460edb4","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"d05b5767-c249-4b58-81f7-f9d3541c9e5e","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":"5827a025-8d85-4011-8e41-79564f28b02e","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":"f0f94de1-172c-4334-a07d-daccc3a57b2b","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":"98e61479-db4e-439b-b3eb-d2f6356082bc","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"dd0630ab-2683-422f-894a-103e963a7b3f","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"fcfb7e35-ad6f-432f-a88d-1b1e4c45513b","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":"4a114ebd-489e-4b72-9d46-2b872de87c61","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"208f229b-c0f6-471e-8040-217be3ffa34a","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":"16eb0348-5bf1-48ef-b9f9-857d381b449b","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":"6dcf9dac-6041-4813-be10-74cfc2f314a2","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"2cd129f3-b17a-4d85-976e-0f9ca39939bb","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":"ce4a4c25-579f-40c1-bc87-3484b337d434","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":"75d10936-03a2-4b5b-8cd0-d88d1da7a596","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"b1ee5c92-d139-40c0-8bcf-7878cab46c0f","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"6a9c3583-1bc9-45d8-b6a6-6c21762d25f2","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":"9d53303e-3cd4-4305-a944-64df92fb585e","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":"347afe11-3ffa-4cfa-953f-d4998c542c79","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":"a7571972-a37c-43aa-a7e9-e33f812d6774","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":"48993ac6-5460-4503-862b-ae87d4473af4","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":"51a31188-c697-4943-a2aa-1e50fca1775b","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":"f5ccd4c5-234e-4bd7-a56b-f13a9a5615ff","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":"f530a587-7487-4e02-8502-82477c6d23a6","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":"e83fe5db-35fc-4d6c-b811-3a1d9a2108c7","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":"e14c731a-91b1-4233-8c83-a02f3158c6aa","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":"8d449bf2-433a-4186-94c7-ba4c6d2dc161","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":"d3af2a24-4ac4-4f0c-8d8f-584b39a085b1","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":"aaef9b53-5df8-449b-9994-1d3dc8a708e0","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":"0fe82f8f-b551-470b-9a80-75d0c0aff097","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"70e82ced-5b46-41e4-869e-99028ca404a9","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"dd0e68c7-42f7-4c07-b4de-4111968d475c","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"8f690c6d-4dde-4918-9d87-5fcbba6a9a1c","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"459790f9-f71a-4a14-8502-516e5aafa095","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":"bd482e45-4d22-40e9-a99a-af542e327cb6","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":"a4080e52-0e26-408a-81b4-05b81ce76866","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"6c734034-6fdc-4eb9-b757-277bb1a7b7af","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"82cb12fc-0412-4122-960d-e4dc0129bbed","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"321dbb41-5a78-400f-81a4-55a117531b7a","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"6d8801fb-981c-4726-887b-63d298da609b","block_type":"box","text":"Report ID: 5592885.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"dfc46434-9476-43f7-b6b2-3768f92f7c55","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"ed8d17f8-8ae4-4524-8757-818a028b025b","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"0f490603-a960-4de2-a3ce-08deeeb90914","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"5edeead1-a8f0-4075-a0d8-fc0434ee9b64","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"69adab5a-52ef-4ed4-b2b0-0686163fb6d9","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"6d3a2c56-1bea-4380-a1be-5adbd2bfaa32","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"f3bef0f2-c983-4c57-880c-e5e94e0ba946","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"3232a7ad-ba49-42be-9fad-e41221371d1e","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"f95fdb76-1f55-4ab0-bf8b-1630dae5b03f","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"75db2af5-6c1d-4aea-80a5-aecf4d933488","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":"b13be8d6-b260-4fbf-a6d0-fa0ce3de7b5e","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"3becf646-a692-4db2-aa0d-26ca794198ef","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"4ad0d95b-6386-4a92-82af-b58b446cce57","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"27ba182d-9c96-4bda-a429-0ad9cf5c170f","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"d4073b8a-53f2-4541-9224-1b9ca3b4c272","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"e2db8322-c3ba-4d03-aa12-1840b105e5fb","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":"3f96fc2a-a45b-4254-9aee-f97602a922aa","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":"0ef40193-8582-4941-9706-c866e6a0c586","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":"09feae82-3d1b-43fa-b0ac-edf47e3c8805","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":"374b3e1c-40fd-4bae-8507-89b56c73dcaa","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":"b4186506-af46-4290-9fb4-a87aaa00cb09","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"2b000bed-292b-472b-81ba-801f346a6801","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":"979184f6-a863-47b3-a43f-251ac424c431","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":"f273f331-7ec4-4ead-a188-1dacf24fab99","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":"f5f5f8a8-fa99-45fc-b5b0-ce6147ee0f9b","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"0fa8c14c-af6a-47f7-9a06-99b27fb74ad8","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":"8a3d42e6-bc4d-4595-a34a-64a4a9199070","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":"47a8c7d5-95b3-4836-a9b1-cf6298f6d329","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":"82c77924-4229-4036-91c3-a9fbf1a6d1ea","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":"cc42e997-70fc-4593-b504-dea982c3d61e","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":"a66ef49c-d82e-4501-93d8-1f30be32d3d3","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":"0130c038-71d8-4f37-b092-ddc9b611050b","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":"1c7651a1-6afc-4a8d-b403-d1d277ffced0","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":"41937822-3807-4c60-a6c8-634e862efc6f","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":"43f4fab3-bad8-4ca2-9ab2-a97e0d304d54","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":"17be8ca4-4e65-42d2-acaf-28b21966a5ac","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":"b6993982-cea0-4c86-a40b-5b86a3194d1a","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":"196bb76b-3729-42b0-b098-70842cf7639e","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":"dbc27827-b207-47f3-ab50-86bf8231ecd4","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":"6d400a1f-ffea-4626-9c1e-0e9c882e55ab","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":"3e4ef389-40fd-4923-add1-ef38f6c481cc","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"05e28475-7933-413a-9f35-e82ba79fc94c","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":"b6617e86-a764-4c4b-bc9d-666a2132ffaa","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":"65b8e7b0-f80c-4d0e-875d-075e2f287d11","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":"070948ec-bb8b-4310-81ba-b3f584d74b06","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":"129ac262-e05d-45ab-8c82-df032b28c4e8","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"aa446cd4-6a34-4815-ae79-82f88297309e","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":"83066c3b-800e-47d5-ae2f-16079b8db6d1","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":"81241495-4aac-4d0e-b990-e33157cacdc0","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":"afcef07e-4082-4f62-ac90-c915ca1c15b8","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":"7d019e40-3530-4266-8832-83353f0fe167","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":"a2c43d36-1d5d-47be-aae3-fb39ebeb0455","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":"7aebf25d-bb14-4d8d-b1fe-f30b1a27a55d","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"42f8fece-d0b2-4d89-80f3-b9cc96532d07","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":"e3dd0058-389f-4aec-bef8-e8cc1125d241","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":"39fcb507-6d3a-49c8-a107-f5e9db901c07","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"ea0f5098-10bc-41f9-a7d3-c11782dbe169","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":"200b11c1-2227-4e20-93fd-219130d4acfd","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":"137bc27c-24de-4751-8105-689587f8e556","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":"c94a88b5-348d-4e21-8894-cea531bc44ac","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":"7d755dc1-1269-4520-ab2e-0ea4f4677b1c","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":"d086c36a-5af6-4bad-8f10-f7fa74f90106","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"d85a35fa-3206-4f5e-a12f-bef50ee168b1","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":"208a8f43-b6dd-4f65-b210-fd56e9203776","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":"5295f613-15d5-4232-bd93-047f2625ce54","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":"97ca2567-e9e8-4c74-aa2a-b9628234d31b","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":"b50419fb-8155-4f9b-865c-ed59edefa452","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":"f348b9f0-68e1-4b3b-b538-2bed268d43f2","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":"15af0f10-5542-4604-876d-e5f3f72a81a9","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":"4e868104-95aa-4f06-8c89-92ab590d7dc8","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":"fb0a2d9d-dfd6-45e8-a80b-ecfdcf962288","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":"baa7c773-1a28-424f-b90a-7800a8467df0","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":"3e7bd16c-7725-40c6-9a6b-ce297f6a05f4","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":"e11423a8-62dc-4809-9901-12b4672f89bb","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":"2491a089-0f2a-417d-820f-fabed3a53872","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":"a4bc1b50-6268-4612-bf2d-7b4be68db435","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":"716d5a2e-96a4-491c-89c0-d4a1a8a0f4cf","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":"7d5af39c-57d3-4d6b-af61-c81b03c422f9","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"afc7d4c5-c966-4eb7-a6db-80d56695a3b0","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":"374950c4-60ed-46e7-a3e4-ee1fde041788","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":"bbbd6e7e-de8b-460a-b800-1bd7980f08aa","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":"95e68abc-46eb-4b35-a424-6855d75ed2ef","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":"0f64dd1e-da36-41c9-bd89-d6ef520da5ed","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"4d06317d-b8bf-4c50-b8bf-b964c0de3596","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"55b349aa-e9c2-445c-a11d-6ec566bb4487","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":"f71a4575-b168-458f-a33c-25fb1c6c9763","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"31688ac2-1c11-4636-a9b5-abd24b60c467","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":"b6f4e383-285e-4f1d-9a56-263875197ca1","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":"3a1aa01f-64d8-4015-bcf6-893f75a7f728","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"536965b2-442e-44bb-bcbd-97a08b7ed57b","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":"24f449c0-5b5f-4697-8332-cfe44f704742","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":"76d26943-836b-4aed-8106-5bd6bb8c6cf3","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":"1f375384-6364-49e0-bfe0-460ef71d7284","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":"e8f72f12-6bda-4d5b-8c0a-800da7483f38","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":"5f2c3b14-1ac9-403e-b4ea-c1a8feb0d56d","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":"0bed000a-5181-4eb2-9492-1c8539de7148","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":"886b7424-82a0-40e1-af3b-1af40ad73529","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":"70cf86b5-aaa5-4dcc-91c4-fa529658c993","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":"703d5287-1c05-4379-a2db-5420e073c749","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":"5ea6d2cb-2389-44e0-86ce-bd5570f8dade","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":"fb45cc99-462f-40e5-b3da-29543daa2010","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":"31e62fef-e5b7-429f-9d12-050a30c586b3","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":"6c322b63-c66b-444a-ac88-2542e97929b9","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"cc2c33b4-cf6c-4c20-84ce-5dc8790b700b","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":"827fae1c-117a-4a14-b755-8c0a0b0b1d92","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":"fd7c6348-ff4b-4b30-ad20-a9b0d40458da","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":"d00c5a0f-49e9-4373-b1e4-d369154bd225","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":"9341a797-a920-441c-8354-b0289e1f77c5","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":"f5230b13-e0b9-4fb5-83bf-1db7ac157a59","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"a97673da-dd99-4e81-a6e0-b00652e05d3b","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":"ac1e52cd-8043-4928-af02-a8a7cf952f6e","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":"0c90ad8a-d05d-4799-8585-5c969e9fc41a","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":"ee452ec8-8972-45f3-8daa-de9629cb6d48","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":"80b0cb62-8c4b-42da-8438-439f166b2ed2","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":"36744ec3-9438-4509-b884-aff29e5b8d37","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":"92dd2469-aa44-441d-8b77-669b92d7d098","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":"619e6e8f-4694-42d1-be63-ae8b5c7d3ce1","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":"9e641279-4089-4c72-b98f-6a16288a4cfc","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":"e18a7b40-3ef1-4c20-a430-51d627cf9b53","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":"ad416b1c-38a3-4e1b-a49a-d315a4261ba5","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":"2f5090fc-e78b-45e3-b68e-b98f7fa1ff85","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":"105636ea-3239-4251-b67c-9e7f5f198dbc","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":"b7f93380-25b5-4eb0-a868-4c0671e7b50c","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":"1f19f57b-4964-41ac-a38e-c7bc49940de6","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":"c1af1ca5-c8d3-48ce-be52-b7e10c18a9c4","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":"aa5d022e-7ad3-4c7d-a3a2-fa55d4067ef9","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":"2d7c45b2-5f15-4387-b6a3-30cd4a2deceb","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":"89e34cb2-9161-4a0b-b25b-3e865afd6c58","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":"1861b4f0-51b7-4a01-b216-4792c6211691","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":"d7fb3e9f-ef0b-4ca8-ad82-d207f92b729e","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":"ea631e4a-dda4-4b9d-bf12-c01512cbad76","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":"1a375b49-99f5-434b-8c8d-f6f22188b8c2","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":"d083ed7e-2ae0-4d22-8566-ad326b971c97","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":"458dc528-660f-4c5a-af96-39d35b9de6e5","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":"0421715b-3134-4b34-9582-1a61c6bc5338","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":"f98ab16d-8eae-4f75-abe0-7ce9636274c4","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"fb42515e-2cf6-4bb8-a5cb-f892d3c47379","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":"570ee356-175f-4fb4-9938-dbebeab70769","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":"507b82c7-4b00-42a5-8cbb-c423de78386b","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":"25a1fdf9-0827-4f3b-9cad-fa8a295763b6","block_type":"box","text":"Report ID: 5592885.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"067af7c6-fbb3-44ec-b2e6-3e30ad3e1957","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"767fb805-29a0-4d74-a035-700dda058df4","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"60d8f087-b4ae-4a3b-a964-b8ae05bac46a","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"63e6b81b-05a6-48dc-955c-57824d0dab1b","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"796c501f-0a81-4364-8088-91cf718bd0ec","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"59d2ddcd-ef34-42db-b142-a97e14becd12","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"39b0435e-db56-4326-a840-78eb9da9c7a6","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"dbcd729c-39e4-423b-8e8f-e24c20c3eb7b","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"1b4075b8-3457-44a9-a850-8706bfd89fd9","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":"3de6b423-0280-4044-a8e3-6808b08c09c7","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":"58462093-d8ad-49d4-82db-90211e377380","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"9784edc9-955d-4b02-818f-1dbe9a4fe226","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":"95770cb1-8d3c-475b-a821-8dc98349177a","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":"eb200473-bb6a-4279-948e-7b052a1fb460","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"a9f2e0bd-ee57-4a70-9469-59dbd63d1d5a","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":"a422867e-f070-4527-a2fe-bb0bc3dd3762","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":"b03977e4-b66f-44ae-bc5b-6e660e716996","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":"4e8630dd-f2e7-4ac9-9f5f-09dbd0935cc7","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":"74f1fb71-31b4-4c3e-b0f9-9a15815c1d1f","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":"39baabe0-cb21-429a-b47c-7ef49ddd7fec","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"84d5376e-3e39-4ca1-be6c-f6c0278fcea2","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"f0f9da83-7471-4e8d-b5d2-d0c2679039b1","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"aab07622-1a1f-42ef-941f-face823346ea","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":"899aa257-adbd-4359-9a23-cf7554a00d9b","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"2089485b-89e9-40e5-a999-6e5d3414f5a4","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":"944e4480-07f4-4ea8-8494-c80eb299de8a","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":"d11fd95e-b1b8-4a54-bf1b-272430519f04","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":"974e9487-d4fa-4340-a83e-07e17b6f092f","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":"df60b579-5d63-41fc-b6ab-ebcda91fe3ec","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"7409af1a-2fa1-40ac-a7e0-c778afc4fff5","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":"6ef9651f-40d3-4942-b4b4-7b01f939e0a8","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"b5993287-e88e-42d9-8d9d-1054dea19b1b","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":"7848d405-d656-4f63-a404-ff2293fd448f","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":"8a5fa409-b5fa-4e18-bfd6-f9a044bacf32","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":"8fd1fe04-62e2-48de-a6e3-2461d9ed8ff0","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":"0a242355-0b2f-4560-bd13-4248b7f00813","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":"9dfeb2e1-4add-4d6b-abee-08bc3a3bee57","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":"043236be-8a76-4866-b0bf-af61aded0ff2","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":"76e10d74-b0e3-41f0-b04f-60b11083e40a","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":"12c9932b-a195-4bca-ab04-4d2421885cd2","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":"8f6140c7-c1d7-4e88-864b-f3bb2c27861b","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"b6baafc8-586b-4b46-b2f5-a808706a9859","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":"b4934218-a7a0-4e5a-bbf6-6dca1b3a0f8e","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":"257072e5-64d3-40a2-8b7d-fcb17ce25840","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":"a7863e87-ad24-40b7-9239-f5b199cccd85","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"ce417cd5-b9b2-46ce-b358-05c01df0034a","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":"08bec67a-b7f8-4f79-81b7-d42006b97f4b","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":"b3ace1e5-1492-49a4-93cb-5abdbf89fc2a","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":"8ed82068-70a9-450b-95d7-824d3292dbbe","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":"5c47f947-1d90-4146-9e4f-08bc8ff9e1ca","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":"ee97f10b-6483-4b73-84b1-b38a26770ad2","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":"ca3d9f7c-3eaa-4362-9e1e-852c42c24f9b","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":"e308ae89-ecac-482c-abad-ba05a8307f60","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":"3eff46a6-6efd-4a62-8d75-36f98bc1aba5","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":"e7a7318f-85e2-42e1-80ac-abe0e1d452ff","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":"bb955e49-3895-4017-87db-f0b43d664612","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":"73402784-92cb-4572-b837-6ef400034bce","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":"31ea713e-b780-43dc-8748-0a82ddf03187","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"2d3ac0b6-fc27-4075-bc92-d38e6e1054c2","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":"b40beef3-3ad8-4743-8ddd-98e11d21a32e","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":"45aebee9-32dc-446e-9826-50f823205b1c","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":"4d638880-4a2a-47c1-9b13-907f665e7250","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"bb13b08f-7a8d-44bf-af95-3363f552593b","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"581ab4be-7d94-4cd6-b58d-c36d61db5489","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"4742af50-a786-41ba-8960-46c43f655971","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"d8d73b0a-a1eb-415b-9ae9-df7250fe85e7","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"83dd19b8-cc8b-4264-b43b-2a87b3b9f0d6","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"09978deb-3189-4415-b237-87116f3628b0","block_type":"box","text":"Report ID: 5592885.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"b031bd60-8272-4ba9-b29c-24fa2362de35","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"c0271c82-77fb-4785-947d-59d50fb53e0e","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"6e5964dc-ed34-45dd-8e14-96d960275c0f","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"5eaa4794-3024-4c7c-b01e-2b19315b448f","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"f0ac3f25-d8c8-46c3-9dc2-bbae577d3940","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"6ffb87f2-4b11-4069-9fc4-bc2ae21fa5a7","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"57b9dc1f-06fe-444a-98a9-7dc05f7428c2","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"03f296ca-d922-45fa-b6f2-162ec749c11e","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":"61452176-adb3-4297-acbc-318dc5b9b289"},"user_id":1000002,"date_created":"2026-10-05T20:49:20.245000Z","date_modified":"2026-10-05T20:49:20.245000Z","private":false}