{"annotation_id":"600840ae-9f89-4f5d-86bb-7753db22975f","file_hash":"ec3f62e5cb2cd81e28eeeb475b03509ab47bb624801ad85d12a149d72f3f60d7","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"b185796d-aa18-4c90-92bd-602a2c1bffb5","block_type":"box","text":"State Street Multi-Factor Global","page_number":1,"box":{"x":51,"y":71,"width":556,"height":18}},{"id":"763d283a-54dc-416c-8912-5cccd1a7f400","block_type":"box","text":"Equity Fund - B GBP Distributing","page_number":1,"box":{"x":52,"y":105,"width":552,"height":23}},{"id":"d136419d-f173-48c1-9fde-92d890b828e5","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"a127af78-2f6b-4c73-a4c6-b8f39709480f","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"9237ff6d-26ba-437e-87c6-e1da3c38dd3c","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"a7d66128-a370-457c-9042-0892c777ac5b","block_type":"box","text":"LU2547984018","page_number":1,"box":{"x":754,"y":107,"width":81,"height":6}},{"id":"533f72e0-4f82-48f5-95ee-537ef9f84665","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"4d7a6b2c-db0f-40bf-b138-4ad4ceeb773a","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"347abf3f-1c28-4dec-84d2-d7bf01ff5bee","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":221,"width":844,"height":7}},{"id":"9655154b-d9ca-47ba-bef9-0136455ac1bc","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":"8ef636d5-6b03-49e6-b734-fa39cef7c2d3","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":"db0a9f8f-0d0b-4f8b-8335-a9ce7b36ba77","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"520ff144-2867-411a-9d45-e36a8f75a9d0","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"fb3013b2-d918-49d8-aa2e-d1909724b57b","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"d6938394-0ee5-401a-b260-ab2631a059e1","block_type":"box","text":"7.16%","page_number":1,"box":{"x":104,"y":315,"width":51,"height":8}},{"id":"e7ae9647-087a-4ff6-97f4-460035442059","block_type":"box","text":"6.11%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"97c48df6-af74-4996-958d-9857042480b6","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"d0212e69-189d-43bc-b929-3ed9b6364bf7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"52e21734-e7d5-4732-ab50-1a4108b0c60d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"61e471bc-0464-4788-8313-0f80509e5797","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"248638f3-978f-48d2-8717-6c729fdd3f33","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"e5299335-bcc3-4b65-ac9d-4767a80ac0b2","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"93ab0668-b1b6-4e12-9a73-e8e41ea427e7","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"321fb3aa-02be-4ab9-a4f9-217c56e7c862","block_type":"box","text":"2.63","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"47fb022f-378c-41f5-977f-cf274d586269","block_type":"box","text":"0.83","page_number":1,"box":{"x":338,"y":425,"width":39,"height":8}},{"id":"044f8387-86ec-4711-9175-e200c034f0f7","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"749e9358-6571-401c-a699-29d45a2539db","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"8992f936-1ee2-48cf-a7d8-21b8ddd1dc6b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":456,"width":53,"height":5}},{"id":"a8db5a21-1a2f-4fea-8eca-eab1bb94a19d","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"19e3320f-5991-44c6-a730-ffa7d7738938","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"ee1ba3cf-a58c-4a70-9138-518f4a2d0d0c","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"85ab6e45-c4c5-4369-9e0d-76fd880ff1dd","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"5c25f665-1206-4b25-881c-78a14bf6e1b7","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"06258ad1-0714-4dcd-beb9-6aac655d0f3e","block_type":"box","text":"35.44","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"ceb1910a-1f11-4444-ba21-4941da986079","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"ea7edb57-9ab0-453d-917b-f21aefe9f6e0","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"57d79936-96c7-4c32-bfab-176196cdfe9d","block_type":"box","text":"6.24","page_number":1,"box":{"x":330,"y":547,"width":29,"height":5}},{"id":"5b64c0cc-4e1a-4da0-8219-fa40280e29a6","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"28a8bb83-5ca1-44b7-afaa-be713d97630e","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"7416e7c5-a728-48d9-bf3d-634c16fb83cc","block_type":"box","text":"438.29","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"e1224f1e-4400-4ae1-b0fb-cfa5aa9d5290","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"667df7f2-cc1e-43dc-9d50-f702aea8453b","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"a3658dbf-84ff-45c3-a64a-83a92b8eb8c4","block_type":"box","text":"41.68","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"34af7c25-d802-4b39-83fe-5ecd11a15167","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"1a1e99a0-64af-4077-b074-5ffeae372e9b","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"b7e0e355-66c3-48f4-9a16-5abbc8dd3301","block_type":"box","text":"500.92","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"eaed24d4-5c3f-4c67-b9fb-f37b0c0959c6","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"d2066da2-cd30-4db8-b7fb-465fb8e999d1","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"a5a01abc-6184-4872-b1d6-e8cc29311516","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"34f6e5f9-ea89-4553-8ba6-28bea71a6b71","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"54459e0e-0566-47e5-b8ab-0b9658cb8311","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"dd41687e-c0ed-47f1-9e14-9922f27fedb3","block_type":"box","text":"24,306.56","page_number":1,"box":{"x":772,"y":330,"width":69,"height":7}},{"id":"5652c459-10bc-4626-b3d6-ea86e880388b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"fd67d61e-9ef6-4d03-a244-3dd9cb157f25","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"1b8b99c7-4d23-4454-a0b6-79ccd9347260","block_type":"box","text":"4,279.31","page_number":1,"box":{"x":780,"y":347,"width":61,"height":7}},{"id":"868cf924-50da-45d2-b9b1-094d9d6fcf22","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"537142bf-86a1-4593-b84c-63920259778f","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"160930e5-1ff9-4428-b48d-b874f82cac99","block_type":"box","text":"300,570.70","page_number":1,"box":{"x":764,"y":363,"width":77,"height":8}},{"id":"017a27dd-8aeb-41fd-9ca1-8943b688598d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"fb9856e1-c5d1-4eff-8c6c-342ed15ed810","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"da1b800a-7045-44b0-b767-f111fbd27e9b","block_type":"box","text":"28,586.07","page_number":1,"box":{"x":772,"y":380,"width":68,"height":7}},{"id":"a8ed4f93-226b-4091-a7e3-156b78918f1f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"5451f750-effd-48d7-b507-e7a8dddd13f0","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"736356c0-370d-4605-9430-75f621bf2d1c","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"439d6ec5-1cdd-44b3-bb1f-42c259bbaab9","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"94183f47-a737-4bc1-901b-f210fa1fb932","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"d7a32095-0e39-4d82-b522-eb09c36f2852","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"bc11df64-1124-49e1-b743-b4bf8d6c5c87","block_type":"box","text":"61.60","page_number":1,"box":{"x":803,"y":461,"width":38,"height":6}},{"id":"bad24a05-f108-4611-bcb0-f10ef1462a6d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"e31d9c57-8a1a-4cca-9083-51f6badce492","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"a2a74742-3608-414a-8915-f005a994a70c","block_type":"box","text":"16.63","page_number":1,"box":{"x":803,"y":478,"width":37,"height":6}},{"id":"557f9640-0ab7-4aaa-b06f-cd8ceb9ef06f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"2693782b-a4cb-4391-b09c-c97ecf3c20e4","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"2d17c9ab-cf05-4df8-b1d8-7a6f041c4d18","block_type":"box","text":"694.73","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"7d2a8400-9731-45c2-ab29-1f82bf99b0a5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"170990d4-7bac-4108-a19e-b976064d348a","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"d9215e72-a7f7-4f15-8ec5-2df0abf9ae3a","block_type":"box","text":"78.16","page_number":1,"box":{"x":803,"y":511,"width":38,"height":6}},{"id":"40be8273-35b3-4bf4-9bf0-71f17491d3a7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"c81d94da-6ab4-4c83-84cf-a5d10ff761ce","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"695f57c5-e8a0-40f6-963c-5f42c2c1d737","block_type":"box","text":"774.93","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"676e0297-d94a-4a68-885e-433a3be44a23","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"55409a24-8eeb-429c-893e-b55d0563370a","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"96a02039-71da-4fae-94b4-fb7164e66e55","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"2a1fcb73-762a-4fce-adef-109529b9b21a","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"47739a7c-bc5a-4eb9-87b2-e2781d07b557","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"9a77f53c-eb38-40ae-af55-638f7934e452","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"f4054af2-2cd5-4b81-8d15-b953c5ecc039","block_type":"box","text":"-11.86%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"3df6f0b2-bf00-411b-ad62-4ef40a51b8ea","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":610,"width":52,"height":6}},{"id":"f9867c1a-0e3e-4ec9-a5b2-c412bb2fdd83","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"8be9616f-def5-4eb1-b576-3fba3555bbd9","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"d66f01d2-59e1-4ee1-8821-75564d8d3b53","block_type":"box","text":"0.63%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"90a2b1bb-ae15-4284-b246-21f056564d5f","block_type":"box","text":"94.91%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"3f273ee9-bd93-48aa-a49e-970c8669c54d","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"30093644-a394-4c1e-8c40-8d69ca18537e","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"ba31de00-b20a-4731-a4d4-b75af66d4b61","block_type":"box","text":"-0.42%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"701dc961-74b5-4d09-8a42-9d5f933fe2f2","block_type":"box","text":"99.59%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"cffd1895-c411-457e-af4b-fff7918e8ec4","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"e01cb5de-1103-421b-bc75-b6332be2ccc9","block_type":"box","text":"-1.23%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"639ba03f-24e4-4fe7-9c21-55e3188c237c","block_type":"box","text":"99.59%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"7a74e1cd-1cb1-40ff-884c-b66dd544550b","block_type":"box","text":"Report ID: 5592797.1","page_number":1,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"e2ab96fe-fcb7-4d32-8502-886dc4fbea7b","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"ea2fb9ce-dc74-4cc9-86e6-ebf25fa89a83","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"686a40a9-4ca7-43f2-870b-e1925929f0d2","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"60679fca-4d58-4d0a-aa3f-f5f66818e01a","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"83db61af-ed14-4f1f-9e46-e71bf2d14109","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"c791e71f-5b8d-46df-89b2-32de530121ba","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"cf14f65c-1eb6-48b2-96c7-fe8e0ad32136","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"3d4dada0-e42f-4955-b227-9964542eb852","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"10e55ee6-6bf6-4f2a-afeb-044b9be7d917","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"3fba4690-81e8-4190-8393-d0a3563e32bf","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":"156ce226-1ae0-4630-a597-7829efcb4445","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":"6774d651-ea2f-4ced-96b6-71e0fd9f43d5","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"083a54d3-3fd7-4edd-b7e4-9501db1acabd","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"36adabe8-00c7-4c91-8098-63b2d1b97aa3","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"f7e672cf-fa40-4550-8dca-b4b65d549225","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"1925c1f1-ff69-4149-a4b2-716665d86405","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":"719274b1-9837-49c6-8bfb-9cc3d26e0894","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"f82aced1-25a7-4fc2-b7eb-0752bb123b39","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"2579e471-d99e-4b49-ba01-c8f20071ba97","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"15940703-ec55-461d-91e4-97b53e7a5dc6","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"279aec99-d54c-458a-83b7-b3e1d0c8cebf","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"447b0fc4-9f4d-4bf7-8461-36f7c7ac9061","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":"753fc3f6-8176-4318-91ea-6074634ec44d","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":"d87c9998-6d0c-45f2-b25b-ed670b06fd80","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":"72727d0d-3e1e-4881-9521-14581bd6ec15","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":"32f2b586-9ab7-4e22-bfb9-ab98c6535457","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":"f2a06c7e-d49f-4e10-8794-6e1f145d26f0","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":"674704b2-98ca-47f6-aabc-738e216af4fd","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"3fcdd861-65dd-4b60-ab8f-71251e8a883c","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"ea7fa5ed-433c-4023-87bc-9336c1a7fb9b","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"eedeb812-8e0e-4437-ad82-e57704b70509","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":"225bc155-07e4-41b0-97ad-fd0bd9d67cc6","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"8760b09f-28df-4228-bd47-24d1bbecd2d6","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"0deb7cf2-3e1a-4412-acf0-9878c3191e8d","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":"436d5e3c-2863-4cf8-9b45-4205a8777dee","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":"d0c2369e-3d83-4083-a2fd-41a4cf028287","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":"6e05965b-a514-4649-bee2-caeca3f35ae3","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":"c1c09dfb-cfe6-4454-81b0-7dd3cde38318","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":"19196abc-2bdd-43fc-9a35-6403f9b96d3f","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"bbebd48b-7511-40fe-993c-8aa82158ce22","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"4f5174fb-5123-41b8-a918-d5f67d594f8a","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"9731d9f7-41cd-49cb-befa-edeaf81b2d73","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":"9231d3c2-7f99-4682-aaef-6b1424fde220","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"9a3da1b6-456c-4b86-8b1c-11c80af9804b","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"5880a156-2d9a-4f8a-b7a5-41a9a537d10e","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":"d6bcc65b-2465-4872-bf29-fc03fa4ded7b","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"58e51e36-928c-4a3d-92b7-a6fc6681d34d","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"135ea12c-314f-45a0-ac11-f8c8b845b001","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"4c882853-7ec8-4daa-be12-17df47e31198","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"c6fb1112-8dad-4eb9-9764-ee8431360261","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":"4c577588-d80c-4d1d-a5c6-2b3b74021140","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"6ad01c09-dc2d-4769-af19-457104c21902","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"c49c6905-e536-42af-ab0d-4a82b2ce8285","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"67fce034-02d1-45d2-9905-e728ad34dc2c","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":"a3134ae7-bda0-4bea-b365-ada182650026","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":"f9dd1d1d-8c01-436b-9bd9-691880291f10","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":"cc608708-b1c3-47f0-935f-f70c1e388e3a","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":"26d2fe35-cab7-46ec-a447-ccaad37b32f9","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":"3e5bcf08-d633-4ab8-9e98-22ad4743f8d6","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":"77b4ab81-699a-44d4-8fc1-fdcb7d09d6f2","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":"d5f263f9-b63e-42a5-8bdd-d597589c5d9c","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":"9f51ae49-172d-4e59-b66b-dc033eaf9001","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"0835b754-88b4-489f-b86a-1f4d20d17cfa","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":"18cd6d5d-178f-4bd3-b627-8d3919eda2f2","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"0a21a37a-b184-4d20-b36d-d0cd46f910a8","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"c5ebf992-db73-4b10-bc86-b7bbe0635ffb","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":"407fc118-082e-47d0-bfd7-23aad96f5ccb","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":"4dbce21a-e5db-4b43-8ef2-44917baaec31","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":"8604ac5f-2055-4abb-b842-aafc5c4d2aae","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":"c2761076-0bea-4851-a081-cdd3454f7b29","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"ec448c76-f4cc-4996-921d-cf96d13b3d2b","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"aa6c2a79-f44e-4d1e-8f72-43b599415620","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":"a6d0079b-04fa-48a1-827a-9f63d869d4d6","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":"b4ac9531-5220-440b-9d7f-e708ee289ab8","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"c4f843bb-688a-43e5-8d0e-b2e5c49da436","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":"11d9aeae-75d7-49cf-83cf-55f0d2450e99","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":"c85df519-7cf5-4a4d-abb8-3de69d2bd7ac","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":"68878dcf-ea55-415d-864d-fdcc82b26464","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":"043a3eae-a68c-4483-b67b-b8c4d49651ba","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"f07b06d3-c2cd-4e69-9ac4-a8366c1359ac","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":"c31810ae-ec9c-4530-8c1c-105c2fc70db6","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":"20ff9d51-1c4c-4c93-821c-3c0e3c8ff151","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":"bcdffee0-65dc-433b-8647-5bf570e6ac52","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"562c76b2-afa7-4433-8609-65899bd21b91","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"9e4d5c3b-ad6d-4dc7-b081-4b7100571fef","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":"464315df-046e-4886-9f94-673cdadba9da","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"99baece1-688f-48fb-b32b-1fd5e32bc577","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":"038c17c2-27b2-429b-9f07-0ff6809f2961","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":"b5c3f1ed-caad-4b51-a4e3-d409b62e9380","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"cf741703-37ef-4d0b-986c-bc041bc550a1","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":"621c9e13-b15e-40f6-809d-b90231522216","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":"6051258a-07a5-4629-b016-57077f1dc49e","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"5a14236d-72ca-4e60-8320-63c2f7a344bf","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"1d45f350-6f76-4563-ac48-3083c386efff","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":"6ccaa5bc-3478-40a5-8267-59506a2fc6cd","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":"09652deb-846c-4c39-b4b3-e977c28506b6","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":"162dcadb-3cc6-40f3-8d73-2e8683b27363","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":"5a1b28eb-ca10-48c3-9ccc-48eb02ac911b","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":"67a9429a-afa3-4a8c-b3db-97ec027fe65b","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":"a221b5b6-915d-4afe-8dcb-20c63d0f2818","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":"0aba2cfe-794a-4800-8302-226954e029af","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":"e54088ed-12eb-4a0f-afce-c717adfd17da","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":"b8a3a615-7f30-451f-a2ea-b1f58ad6a499","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":"92004f77-4647-452c-8ae8-56ca873bbff4","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":"7d1fb636-c2cb-4a12-b00c-192647671f43","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":"90071890-9769-46ea-9717-6088272a74fd","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":"d947f4f4-68b7-4cc6-bdb6-89e6cd20a6e0","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"9388f6ab-2249-49bd-8129-8a3df48bb20a","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"8fa0d57c-b656-4fa7-9c68-47848e6c6153","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"54a4c170-0a15-4beb-bbe7-7555a0e1060a","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"29906dae-05bd-4bab-8bad-4f8a3d2f65da","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":"32cab746-2753-49a0-be81-1bda9388f38c","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":"deb8c575-1516-4d61-890e-6a76ac7b2f06","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"9544376a-886b-4cd8-b762-a638161807e7","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"320ff646-f5dd-469f-a1c4-a9e58b7e4098","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"6e9e04ce-f4ff-4b0c-86eb-ad8ccef20314","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"02b3997a-eb09-4064-ae7a-d0972c04d4ff","block_type":"box","text":"Report ID: 5592797.1","page_number":2,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"bf9f3df7-fdf5-41b4-95fa-456ef5375d52","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"bb938dfd-1337-46f5-9cc8-cb7118708f29","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"55e55276-e976-44aa-bb0b-c31919763049","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"ccb9d6c0-7d23-46c2-b348-52b20aa2f147","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"42a50d2e-8714-4620-9e32-9d8b77db1f69","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"a7168e15-e65e-4fb0-bc90-fe040409216a","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"baf09ffe-3e90-4654-a12a-dae9dfb4ca87","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"09b4c265-515d-438b-b1c6-26d73ebeb4a3","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"80a66a8a-14c5-4615-85bf-3213a66d37fb","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"61004d18-c129-4eb5-a926-095a254541ea","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":"58c28066-bbb2-4481-bc7b-218639e9b63d","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"b777ea7a-6787-48c0-8deb-c7992e644262","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"6b26afbc-7251-4b67-908f-fbb27488320b","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"adb20096-769c-4b5e-982a-0513346912e8","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"11b29111-64f1-4f75-b30d-20120ae0723c","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"3dd5302b-0239-4058-839c-85f0bf432d4c","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":"316f7f5f-495f-4c49-9038-d32a5c2a8509","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":"13b7d4b5-95c3-4089-a48c-42e9e3dd784d","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":"e18bc51d-a92c-4f74-b551-6e658e8f9d44","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":"7ff0d6ea-f8f7-49fa-9702-414ed74a33f6","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":"ccaad0eb-4e7e-43bd-8dd7-0d7e47e833bf","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"1d51222d-676f-4207-ae13-13bb501ac5ad","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":"0658ba6a-fd4b-40fe-a1b1-4a35ec21b46a","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":"d4e468d0-7782-41d2-8f84-19ec5cff78ec","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":"91b5c081-6c54-4f42-b6d4-c36370580366","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"90a69b74-50c7-4327-831b-d066863b2a92","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":"506e5b59-2f6b-4f3b-848a-2a109b63c788","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":"97a9c7f8-b625-44cc-b2dc-9bdf0b62b764","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":"e76f2841-0668-45eb-9d5d-108d57bfd01d","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":"ec28863d-75f2-4ff8-84b7-88d12ff67c8a","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":"8b756fa5-8148-490a-9f1e-754357e47f6f","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":"c626625e-2e18-47aa-b27e-1709ef4ad44d","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":"6ca1160f-cf24-4675-9b64-1c9ad736f18c","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":"5c08a51a-44f4-4fd3-88b4-c11cef7ae848","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":"0b2cd682-d102-44ca-a72a-0e2ae1e2bbcf","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":"7a8f1aaf-e982-4a30-b61e-a89720d7778f","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":"e48b3474-9340-4d47-bed4-49e476361c53","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":"00c5e85a-da69-4211-9787-cbb882fe589b","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":"0791054d-10dd-446b-b6bc-b7ed37013f66","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":"a4b0bb9b-c571-44a8-a28f-5ecd59f01048","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":"b979ae6f-d9d8-4333-9b05-8f29f4ba4dc0","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"abf6c81c-0e67-46cb-9e99-9fd42a3786ee","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":"f065f9c5-79e9-4c07-a9f7-89ea2e0d4647","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":"a73b60e0-a5a0-4161-8cc7-5db59a20c857","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":"a22aadce-f5a9-4484-9b2f-b2c73e782b1b","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":"eb6f03d0-94a9-4b78-b471-9c07621c357b","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"88a422d7-7fa6-4f5b-8242-c3f472f1382f","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":"1e83fa93-4579-4273-8309-f081fc7a156f","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":"d643389c-71d5-4467-a93e-6e198cd3593b","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":"9049463a-38f0-46f2-ac73-9e624c426f35","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":"eef27b18-d2e1-400c-9cf5-0f07b346115b","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":"ae492700-c286-4318-9bbb-00b6a36a3dc0","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":"dd1a96a7-6b2a-43a9-bd89-38623d54352f","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"d8dce5ff-1054-45f8-b05a-de183b9e65fa","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":"d1e706e4-3d36-41aa-874c-b672ee274da7","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":"8a64046a-b5ac-49c6-865d-4dbcf5c30d79","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"388330b1-a1f3-4afd-b492-8f26b0497266","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":"b16b67f2-7d8a-4462-a26d-82a1633b647d","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":"73107272-0450-49a2-b943-1d67d8f5f116","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":"3b870474-323b-4b5c-a3ea-86e1958b9c07","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":"8b31e400-b042-4ebf-9f41-bb78d19e43d0","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":"0b5fc7b8-3736-4e5c-983d-6aec7226f730","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"1609c132-b698-4dfa-9fe1-a604d1de6546","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":"ede89967-5b42-446f-9286-a23ca9566c60","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":"3d190c2a-ff7b-4fad-8b90-300f7e2b4e98","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":"518c3d24-9dbe-4d26-8138-ba9d1cc86b35","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":"2774ac11-bc12-4ec1-98ed-288c1996e3c9","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":"2923e9f1-fd2d-4853-b0e5-c79256aa5c7b","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":"54385956-f7dd-469f-a240-ff0840cd46ac","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":"37cc653a-aa61-47d7-bf19-5f3658d16364","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":"e5f2a16a-9768-489a-9a45-56ee656a5476","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":"7ff13202-24f1-4de7-a835-ccec98d87aac","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":"46554cff-c94a-4c47-b426-ad3b8939b7a9","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":"1fc14dc3-2551-4851-bfaf-9a60b6f3eb04","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":"0e18f485-0b2f-4ef0-a0b4-4acdec620290","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":"dcc509c0-b5cc-42a9-9fd3-98cd6f9867da","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":"1465258f-85df-4a32-a6bf-ac1f431e3101","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":"a3bfbb7b-0111-4727-a8e1-1e8016c0b5f4","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"eff04939-6655-4564-8d17-43f0000b06b6","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":"fd46b201-52cb-49cb-962d-92e27fd22765","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":"5b0f71ae-d51a-4da7-a126-1af3256c6239","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":"47ea3bd5-663b-49be-9d8b-e1b49990a5d3","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":"113e1ff3-fb5b-4c73-a04f-7a2c475c3b2d","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"13723104-3b5e-44cc-a327-0a27f17d002c","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"9da3a32d-29c3-4c37-9999-3e6edbd69504","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":"4ff694d1-b40c-40a5-8d5e-587218331dee","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"bc426f54-2a33-47d1-bcdf-ed6e684be196","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":"4075a9ba-e3be-46dd-a573-ddc0c62deaaf","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":"65f85258-4f47-4a63-a135-183cfc42fd62","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"0b882767-9baa-49f5-abfa-02daa9b170e7","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":"81f16977-b3b1-48b1-a1a4-8de19efe7f3c","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":"8c017a79-232d-4c35-9412-96f071156fc7","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":"53177cda-6641-4ccb-871a-6847261f2024","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":"654ee79e-946d-42b4-ab77-253638de26e3","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":"9df93c15-7b41-437d-8975-d635af96e354","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":"9f7af52b-db0b-4108-a1f4-8c95266b1729","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":"8d18b7b0-7ed6-45d5-86c5-19c797310ac5","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":"f27c4e7d-890e-4ea5-9df2-43bff32fabc3","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":"4fbc547a-c8d0-49e8-a073-dc659a295b8b","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":"873b93c6-6568-4e82-86d4-f818696d9120","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":"acd24995-588c-4b59-b8e2-6c0f6ab689a5","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":"9ca0937f-e5ef-4b6e-ac43-fb32626265b5","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":"3337fbf1-17b9-4f16-8fd7-baf123a33b31","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"b9b781cb-3ea6-45d4-87b9-7e4fc7c2500a","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":"fd490f23-04ea-4cd6-ab4b-b6c87ca0b230","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":"65054fcc-caf0-49d2-8eff-a2d1e0a83dd9","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":"c11e1bc3-6bb9-443d-9d08-511536a125b9","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":"fba097ff-187f-406a-b2c0-fe9b742d2ee7","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":"cb81058d-6574-42bc-8947-744215d23098","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"aa6c56e3-3009-4e06-86ee-91c5bbb8809b","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":"42c8d918-41df-471b-bc99-4063a45ee510","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":"a386fc87-c799-4d68-b873-ec2f73ac915f","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":"9149a3ff-2891-4737-a8c8-56c1d24e298f","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":"03d70241-c2ef-4846-af48-773b2fa8a246","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":"98419b66-7b25-4189-b9e9-a35affe1829a","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":"c3c62f81-6b94-434e-9513-cc08f210f5f4","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":"3a3be552-2f0b-4241-be07-8cf927ec3b84","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":"5bf87819-68c6-45b2-b229-de4722d3375d","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":"95cbe19e-357b-4a93-b67a-a42a2a3c1124","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":"7742d566-ac86-492a-bdc2-e8b180e56c98","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":"eace9aeb-36f5-48c8-973c-eea05b73374f","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":"b7024cb2-ec96-4116-b9fc-736c5f01dbcd","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":"57cefdba-595a-4e37-a67e-e60fa8b2ef14","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":"b4b6928a-3321-4dca-85a1-b724f0b43817","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":"175cab5c-5245-4637-b42c-ec7838722cc0","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":"124239d2-ecab-4784-af9c-ccecd7de98c1","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":"ae5f6876-3b71-4c2b-8b97-8a07ee2a503e","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":"14d43ca1-1ded-485f-82a9-bf4233d2e03f","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":"a23c2914-be22-44d0-a2fd-e7c458bce933","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":"e45ab49d-1a0b-4318-8f94-199c9cdf2ff7","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":"160cae7f-0042-4cff-a9cd-cc0f27bef9ec","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":"c5473313-a3fb-4af8-99bf-f67d8d5838c2","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":"117bd66b-9d0a-4882-b785-897bf3e1fe84","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":"25fb16eb-0ee2-4c1c-8faa-577548122f34","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":"736dc9e3-ceb0-4b4a-8636-ae17917d5d04","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":"3db6ed3b-5a90-4462-94fc-58350bfe8600","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"06437bea-ef4e-43ec-b1b6-64dd189ce129","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":"5d1d12a7-43da-4ba5-b0db-18ff5507e124","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":"0903e55c-cdab-4e40-a775-b5cf2b235696","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":"c0380ef9-ff17-416f-9686-f77cc754507b","block_type":"box","text":"Report ID: 5592797.1","page_number":3,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"8f9d23d9-e2a1-4256-975c-7bc39b72d3c0","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"36528977-a761-4275-8a54-a6ce35674191","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"fc4ecb93-a615-480f-8c3e-975f53be6b33","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"bb4d2812-596e-406d-8878-5db147912b0e","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"1154dbcd-3753-474d-a98a-217e5d08e967","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"86b07005-8022-441e-97ff-8b1a0a421eda","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"352820ae-d057-4108-8986-c1c2f54e3e0a","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"79cd295d-5ba3-4c7e-b1b0-b37000edf266","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"8e4a8826-2626-4741-8fdd-189245c195a9","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":"14e9c1f6-5f49-46d3-a412-68ddc1a3d4cf","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":"48921787-a210-4da8-9a4c-177a0998e017","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"4dbbcb53-fbc6-463f-84c1-7085c6f4a47d","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":"fc505724-2201-40da-b640-b90c7d684912","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":"6b7307f3-a856-45bb-8382-16ec4b8d3c91","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"942b8ccc-64f5-4b9a-be03-960f899b9a47","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":"3548eed9-60c3-4aaf-b74b-11fa639b6fb5","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":"749e0e8b-8a4a-4c23-a24f-7cc7987d4c42","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":"e0a50a3f-240e-49f6-a069-bef629c6b0ea","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":"eefda45d-e082-41ad-a34a-b87d054a9450","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":"51065871-b82d-4a66-baae-38dbecf8d790","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"303681ad-cb18-4c24-8bc0-110517a0540c","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"2b6c155f-fd2c-4a28-aabc-c3a1e7409f06","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"cd05e1e6-fe41-46a0-98ab-5fab32eb984e","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":"7f723952-4f0c-428a-9c38-c0ead9dfe659","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"a740aa23-03f9-434b-9182-e452edf9c689","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":"31f94043-6c8c-4404-b425-9092867e5413","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":"ef250f0c-d02a-4f15-b5c1-8d3b782a760c","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":"95dff302-e0c3-46ed-b0e4-df87d24bfe37","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":"fb08d92e-36e6-4e28-b8ae-39faf86009a1","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"b7050961-c2a9-4b02-976d-62b98a2ad559","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":"e737a5e1-f4d3-47fd-b9f5-febc89108f2f","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"275ab9d6-98a6-4d66-bb9d-e7ebcd1d8d2a","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":"bb7ce533-db0e-4400-b463-191ab56a69ee","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":"87f6b83b-8378-4cb8-8f94-c8ff1c81da95","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":"57338e8e-914f-48d0-a0a9-2099fee2181d","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":"9ab9dcd4-f1e0-42a1-ac29-b1955ff6518e","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":"04dde1db-426f-4ef4-a82d-1389b0cda7aa","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":"8d43dc3b-f11d-4971-a0a5-cfd898e589ce","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":"18d42d3b-e5da-4d24-9837-4b02f00195c6","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":"925ed1c4-1307-40d6-84d8-e45065d43233","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":"61a4601f-c0a4-463a-96a6-730c5a885859","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"463e06c9-8150-44f3-a51b-462781d9bfa7","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":"4c350341-a87f-4a61-acd8-f5abb612b22a","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":"c98727c7-d11b-49a9-a508-c4c72c56e808","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":"77d89ac8-6f9a-4a37-bf4f-db7825bb5cf1","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"034ec7d5-af91-49bc-adcf-1dcdf559f0a4","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":"240755f6-c2b1-4c9f-ad95-f9f13fb70159","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":"9e87d314-cb66-439a-9565-e9fcaf690c63","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":"21071781-ba7a-4ba7-9c0e-62ae85a014cd","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":"2bb9576f-b7c9-4265-aba3-55ccd22b859b","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":"98e82e46-d343-4801-9b91-6dcb06ae310c","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":"766d624d-f730-4fcc-a25e-3eb22210f1bb","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":"d8cd3829-0045-4475-a945-3901745c1844","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":"c2a043ed-ac43-4879-9114-f0683aa9d9c7","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":"f26a50db-2846-4610-90a1-093e82b45b70","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":"b5280524-f1dc-4c88-9576-62045f5bf52f","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":"96ced7d0-d575-4df6-b3d6-11984c5d9968","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":"12e55028-ba61-431a-9801-5fb2673056b2","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"09b834a9-7cda-4952-9978-0530cc7b9321","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":"56120edd-7436-407e-93f5-507115078516","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":"52853363-20d8-42d3-85a1-3479e2b7a4f9","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":"e39fcc80-dfff-4c68-a6ab-db0b0e35fecb","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"2d35eb70-13a1-42db-a4a1-b9025f761a41","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"0170d3e0-cd14-4e37-8247-fcdd1492441a","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"a54b0175-e9f2-49b7-9065-7147c29edbe1","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"23ca8930-746d-417c-9e75-4000cd1566fb","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"9b40b6ba-2712-40e9-bb10-89a7b4c38445","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"7607f358-3be4-4253-86ee-9eed24c2debb","block_type":"box","text":"Report ID: 5592797.1","page_number":4,"box":{"x":362,"y":968,"width":115,"height":9}},{"id":"426b0e55-162c-4b55-871b-e6b24e40b19d","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"c0c5d5a5-dffb-4619-a5e5-ad04f51c092d","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"b847a452-8e58-4235-bafe-504835eb3e12","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"5eb14fff-9a2c-423c-ad77-ad5c5ba04e0c","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"f94a9b97-1261-4ee7-9d19-035d5300bf58","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"e1142abc-0dad-4484-ba12-8499ff5529b9","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"986b2aad-cb9b-43ca-958d-0e8432e91da7","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"a201cda8-119e-411d-9e34-3c9f87968c99","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":"9a481ce5-6216-4a0c-a5a0-cab36d7bfe38"},"user_id":1000002,"date_created":"2026-10-05T20:51:32.438000Z","date_modified":"2026-10-05T20:51:32.438000Z","private":false}