{"annotation_id":"7221555a-9f98-4c85-b0c9-4ae1311a7b2b","file_hash":"f7c1cc727b02e0272c5853eb3c9e392190a8510ac817c711f89b070612d00af5","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"227ea15e-a5cd-449e-8320-1a1c88580c73","block_type":"box","text":"State Street Global Treasury 1-10 Year","page_number":1,"box":{"x":51,"y":71,"width":664,"height":23}},{"id":"499af3d6-23e5-4fda-a055-9ce3bc85f249","block_type":"box","text":"Bond Index Fund - I USD Portfolio","page_number":1,"box":{"x":52,"y":105,"width":572,"height":19}},{"id":"748539d3-0557-4294-99dd-d6a5dd234f35","block_type":"box","text":"Hedged Distributing","page_number":1,"box":{"x":52,"y":140,"width":342,"height":22}},{"id":"f6e23afb-5eb6-4396-b3fc-eb440e20c84c","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"8e82d01f-d8f8-48de-8fc1-721a2df9198e","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"4c901988-278a-4067-9cf8-38cb4b943414","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"6cbc3371-4b44-47d3-bd84-9bd76e1959e9","block_type":"box","text":"LU2008207388","page_number":1,"box":{"x":754,"y":106,"width":84,"height":6}},{"id":"88c881d7-5391-4145-bf77-6c20597dd159","block_type":"box","text":"As of 31 Oct 2025","page_number":1,"box":{"x":753,"y":136,"width":92,"height":6}},{"id":"be40b27f-4509-475c-aed5-f2c0036ba1f9","block_type":"box","text":"The information presented is intend to provide transparency to investors around sustainability characteristics of the fund. Presenting this information should not be construed as a","page_number":1,"box":{"x":50,"y":194,"width":883,"height":8}},{"id":"7b2cf3dc-986e-4b51-bc68-a218c698f4d4","block_type":"box","text":"representation of the fund’s current or future investment objective, nor should it be viewed as an indicator of the fund manager’s current or future investment decision-making.","page_number":1,"box":{"x":51,"y":205,"width":860,"height":7}},{"id":"d92380a8-3a00-4744-8d28-e6c5976d6c01","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI. Holdings as of 31 Oct 2025,","page_number":1,"box":{"x":50,"y":240,"width":424,"height":8}},{"id":"65a15e76-3eeb-445c-a603-ac8ee8af3123","block_type":"box","text":"sustainability data as of 30 Sep 2025.","page_number":1,"box":{"x":50,"y":251,"width":188,"height":7}},{"id":"4193eb5f-8c5d-4406-936b-21b09c20146d","block_type":"box","text":"See Glossary for definitions and detailed calculation notes such as missing data","page_number":1,"box":{"x":50,"y":260,"width":393,"height":7}},{"id":"d26899a6-d182-4bbd-a165-7b9504de5df7","block_type":"box","text":"treatment, data lag and exclusions. The results are estimates based on assumptions","page_number":1,"box":{"x":50,"y":271,"width":416,"height":7}},{"id":"1e9408f8-18d2-4c1d-8dd0-27452abe0199","block_type":"box","text":"and analysis made by State Street Investment Management. They are not intended to","page_number":1,"box":{"x":50,"y":282,"width":423,"height":7}},{"id":"ced696ae-c8f2-4c85-b4e3-90d9e42accc1","block_type":"box","text":"represent actual results of any offering.","page_number":1,"box":{"x":51,"y":292,"width":192,"height":8}},{"id":"37f7dfc5-01cd-41f6-9025-497245c2186e","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":303,"width":123,"height":8}},{"id":"65f68a3a-3230-4769-ac68-4f3d2d64f6b2","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":50,"y":345,"width":97,"height":8}},{"id":"7c33fb8a-9437-453d-9f16-818c8c62f024","block_type":"box","text":"0.70%","page_number":1,"box":{"x":111,"y":375,"width":51,"height":8}},{"id":"7386c437-c2cc-4d87-968f-03870fdd1303","block_type":"box","text":"Adverse Sustainability Indicator","page_number":1,"box":{"x":50,"y":424,"width":241,"height":10}},{"id":"8a764aae-2616-47b6-a1e0-d138bb464dbf","block_type":"box","text":"Sovereign - Additional Social","page_number":1,"box":{"x":50,"y":450,"width":154,"height":7}},{"id":"d3c586f6-254e-4749-adb6-3112aaee39fc","block_type":"box","text":"Average Income Inequality Score","page_number":1,"box":{"x":50,"y":498,"width":165,"height":7}},{"id":"a87065d3-912f-443b-ada6-2d384ccb42d0","block_type":"box","text":"37.05","page_number":1,"box":{"x":359,"y":499,"width":38,"height":6}},{"id":"82838528-a276-4650-8235-303688280297","block_type":"box","text":"Average Freedom Of Expression Score","page_number":1,"box":{"x":50,"y":513,"width":195,"height":8}},{"id":"12365463-5864-4411-a37a-4ad14676be66","block_type":"box","text":"63.76","page_number":1,"box":{"x":359,"y":515,"width":38,"height":5}},{"id":"9594554a-a211-424d-8be8-7759484fbbe3","block_type":"box","text":"Sovereign - Governance","page_number":1,"box":{"x":50,"y":535,"width":129,"height":8}},{"id":"d116de17-a3ec-4320-b399-28b8f1eec151","block_type":"box","text":"Average Corruption Score","page_number":1,"box":{"x":50,"y":583,"width":131,"height":7}},{"id":"66e3e11e-42eb-44c0-8fad-369918bd12cc","block_type":"box","text":"63.06","page_number":1,"box":{"x":359,"y":584,"width":38,"height":6}},{"id":"7fe92e96-6cf5-49d9-8d14-d7c78cae355d","block_type":"box","text":"Sovereign - Jurisdictions","page_number":1,"box":{"x":50,"y":605,"width":133,"height":7}},{"id":"d3740063-1ea2-413c-be34-c7f09209b2e6","block_type":"box","text":"Average Political Stability Score","page_number":1,"box":{"x":50,"y":652,"width":159,"height":8}},{"id":"4c063a66-2f85-4916-a768-7c9b931fd9c9","block_type":"box","text":"6.45","page_number":1,"box":{"x":367,"y":654,"width":30,"height":5}},{"id":"518a2576-b9f2-4d74-bccc-c46b535bd207","block_type":"box","text":"Average Rule Of Law Score","page_number":1,"box":{"x":50,"y":668,"width":136,"height":7}},{"id":"2fde3fd3-034f-412c-9caf-1debfbaa4d98","block_type":"box","text":"1.10","page_number":1,"box":{"x":367,"y":669,"width":30,"height":6}},{"id":"4a627d0c-7a48-41a9-8af7-ed5105243da7","block_type":"box","text":"ESG Score","page_number":1,"box":{"x":535,"y":241,"width":79,"height":8}},{"id":"24ee93a4-c533-4d76-84e3-d6d4e7878b59","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":608,"y":264,"width":41,"height":5}},{"id":"e94b4722-8eac-449b-bb9e-1d95e834fd4f","block_type":"box","text":"5.84","page_number":1,"box":{"x":609,"y":276,"width":79,"height":15}},{"id":"db09bc8c-0efa-4b80-bf11-6b0230f62879","block_type":"box","text":"ESG Rating","page_number":1,"box":{"x":770,"y":241,"width":84,"height":10}},{"id":"942c759a-1e6b-432c-8f64-5ea01905dfd8","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":842,"y":264,"width":42,"height":5}},{"id":"53d9fb4b-2336-4d77-9460-61ec257d2c86","block_type":"box","text":"A","page_number":1,"box":{"x":842,"y":276,"width":19,"height":15}},{"id":"ea137eb9-85e5-4d61-b3b8-d2c062e5a985","block_type":"box","text":"ESG Rating Distribution","page_number":1,"box":{"x":516,"y":345,"width":176,"height":11}},{"id":"87baba8f-9b32-43f0-b8eb-b3a7f16d77b1","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":907,"y":370,"width":41,"height":6}},{"id":"a60d21e6-c4a9-4a2c-9a48-0dd1a592a166","block_type":"box","text":"ESG Leaders","page_number":1,"box":{"x":516,"y":384,"width":65,"height":6}},{"id":"e95e607a-03b2-4e42-88c6-5d4a40df6b3e","block_type":"box","text":"9.69%","page_number":1,"box":{"x":911,"y":385,"width":37,"height":6}},{"id":"de4d7dc9-9818-4e71-8f55-42974b28c339","block_type":"box","text":"ESG Average","page_number":1,"box":{"x":516,"y":400,"width":66,"height":7}},{"id":"048d2c09-11cd-4a71-8752-e942483a9b5a","block_type":"box","text":"90.14%","page_number":1,"box":{"x":903,"y":401,"width":45,"height":6}},{"id":"a52dd5f2-dc5c-4e45-9a80-8dde184a7be8","block_type":"box","text":"ESG Laggards","page_number":1,"box":{"x":516,"y":416,"width":71,"height":7}},{"id":"2a37ba0c-d01d-4a88-a195-d639e98f4ddd","block_type":"box","text":"0.00%","page_number":1,"box":{"x":910,"y":417,"width":38,"height":6}},{"id":"751f6892-e8e3-45ad-8ffb-c0e72fd7c584","block_type":"box","text":"ESG Not Covered","page_number":1,"box":{"x":516,"y":431,"width":88,"height":6}},{"id":"02896a22-fd0c-47ed-b019-6bbc0aea9d5c","block_type":"box","text":"0.16%","page_number":1,"box":{"x":910,"y":432,"width":38,"height":6}},{"id":"4afe741a-530f-4584-8507-865b4b425ce9","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":469,"width":268,"height":10}},{"id":"eec70374-b770-49eb-aec0-f38ffee30e84","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":760,"y":505,"width":39,"height":5}},{"id":"e969d134-3dc0-4202-96a9-7115b283f61a","block_type":"box","text":"Coverage %","page_number":1,"box":{"x":892,"y":495,"width":56,"height":7}},{"id":"b2db4464-2f04-43dd-89aa-e3e09eda4599","block_type":"box","text":"MV Portfolio","page_number":1,"box":{"x":891,"y":505,"width":57,"height":5}},{"id":"e2444aee-e09a-45f4-a372-fd5e14119f0b","block_type":"box","text":"Scope 1 Exclude LULUCF","page_number":1,"box":{"x":515,"y":519,"width":118,"height":6}},{"id":"2b66645d-2baa-4964-9e71-ef4b2dd2a291","block_type":"box","text":"211.40","page_number":1,"box":{"x":757,"y":520,"width":42,"height":5}},{"id":"46346e4b-5fa3-4acf-a215-5ad60b9ad221","block_type":"box","text":"99.84","page_number":1,"box":{"x":913,"y":520,"width":35,"height":5}},{"id":"a79576d6-c245-4f88-8505-c33197410917","block_type":"box","text":"Scope 1 Include LULUCF","page_number":1,"box":{"x":515,"y":534,"width":115,"height":7}},{"id":"0d1a8d28-b9c8-427b-a471-86e926dc2e0d","block_type":"box","text":"199.20","page_number":1,"box":{"x":757,"y":535,"width":42,"height":6}},{"id":"fc6fbbbd-2537-457b-bd23-ef7fba054780","block_type":"box","text":"99.84","page_number":1,"box":{"x":913,"y":535,"width":35,"height":6}},{"id":"b2aa5055-b1d9-4c8f-b4c1-dbafdd46dd7f","block_type":"box","text":"Consumption","page_number":1,"box":{"x":516,"y":550,"width":62,"height":6}},{"id":"0702e934-6679-431c-a77b-1cf89ad8f180","block_type":"box","text":"232.47","page_number":1,"box":{"x":757,"y":551,"width":42,"height":5}},{"id":"eee8c40d-bdf5-4280-be5b-db373b62c13a","block_type":"box","text":"99.84","page_number":1,"box":{"x":913,"y":551,"width":35,"height":5}},{"id":"6ec05137-c133-4c7d-b44a-27a96d41acc8","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":587,"width":177,"height":8}},{"id":"eaad7b0d-43a7-4087-9e50-13f23ccca819","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":757,"y":622,"width":42,"height":6}},{"id":"a5a10ae4-7cf0-4b26-b00c-9bed19035be3","block_type":"box","text":"Coverage %","page_number":1,"box":{"x":888,"y":612,"width":60,"height":7}},{"id":"46fab19c-e54c-4cff-af1b-c56fd61bc170","block_type":"box","text":"MV Portfolio","page_number":1,"box":{"x":887,"y":622,"width":61,"height":6}},{"id":"1502be27-6001-42f9-bc0e-056cd5b530b4","block_type":"box","text":"Scope 1 Exclude LULUCF","page_number":1,"box":{"x":516,"y":636,"width":126,"height":8}},{"id":"b3d9ebbf-6b99-423d-8721-8ca8b62672ff","block_type":"box","text":"1,860,565.25","page_number":1,"box":{"x":707,"y":638,"width":91,"height":7}},{"id":"470bd0e8-006c-44fb-bf1f-81a41f720e19","block_type":"box","text":"99.84","page_number":1,"box":{"x":911,"y":638,"width":37,"height":5}},{"id":"4e039df8-7a58-4022-8f9a-9655abffdd22","block_type":"box","text":"Scope 1 Include LULUCF","page_number":1,"box":{"x":516,"y":652,"width":122,"height":7}},{"id":"7d3b73d7-789e-4c3b-9f8b-fc8f5d5d122e","block_type":"box","text":"1,753,170.12","page_number":1,"box":{"x":707,"y":653,"width":91,"height":8}},{"id":"204f449f-c805-4b2e-b11f-78673a4494a9","block_type":"box","text":"99.84","page_number":1,"box":{"x":911,"y":653,"width":37,"height":6}},{"id":"3c73b885-64e0-42b8-9845-e90a3b686e92","block_type":"box","text":"Consumption","page_number":1,"box":{"x":516,"y":668,"width":67,"height":7}},{"id":"7fb19cc8-2b94-449b-9abf-9ae48a7ecc58","block_type":"box","text":"2,046,007.98","page_number":1,"box":{"x":707,"y":669,"width":92,"height":7}},{"id":"42981148-2ed3-41c1-8625-4c6b1de9d9d5","block_type":"box","text":"99.84","page_number":1,"box":{"x":911,"y":669,"width":37,"height":6}},{"id":"436def62-a9e8-4e0f-a197-4ad14f01c7c9","block_type":"box","text":"Government Freedom Status","page_number":1,"box":{"x":516,"y":705,"width":221,"height":8}},{"id":"bc1e3158-a273-40fa-ba59-915ac29ad7b4","block_type":"box","text":"(Market Value)","page_number":1,"box":{"x":516,"y":720,"width":63,"height":5}},{"id":"c04384d9-6d22-4146-be63-08d9ff715390","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":624,"y":750,"width":39,"height":5}},{"id":"1528635e-cdcc-4194-ba21-6d0240c267b7","block_type":"box","text":"Free","page_number":1,"box":{"x":533,"y":769,"width":20,"height":5}},{"id":"b893d356-f85c-49c8-9f8a-acd030e48d6a","block_type":"box","text":"85.64%","page_number":1,"box":{"x":616,"y":770,"width":46,"height":6}},{"id":"7ad92dfb-91f4-4e7d-805d-e64073e3e96b","block_type":"box","text":"Partially Free","page_number":1,"box":{"x":533,"y":789,"width":60,"height":7}},{"id":"90c946a5-9260-4fa3-8286-7e01fad01d5c","block_type":"box","text":"2.33%","page_number":1,"box":{"x":624,"y":790,"width":38,"height":6}},{"id":"a4b4002a-98f9-44d7-afba-7b44c9615d8d","block_type":"box","text":"Not Free","page_number":1,"box":{"x":533,"y":809,"width":39,"height":5}},{"id":"afa7026d-3bff-487b-ad6b-2f6240528f4f","block_type":"box","text":"11.86%","page_number":1,"box":{"x":617,"y":810,"width":45,"height":6}},{"id":"fddd3976-c001-481a-9ae8-827c25008e49","block_type":"box","text":"No Data","page_number":1,"box":{"x":533,"y":829,"width":37,"height":5}},{"id":"44b54ddd-0cb1-4cca-a05d-1ce352b3f775","block_type":"box","text":"0.16%","page_number":1,"box":{"x":624,"y":830,"width":38,"height":6}},{"id":"7c3e062c-882c-446f-b8a5-9d46385fddf9","block_type":"box","text":"Report ID: 5088438.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"71d6aa66-1499-4286-8287-a387c1ab3b77","block_type":"box","text":"Published: 18 Nov 2025","page_number":1,"box":{"x":496,"y":968,"width":129,"height":7}},{"id":"b4ae5437-bcb9-4c88-ba04-22b61083d900","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"9d6b74dc-4451-4277-9f40-119955e6aa00","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"2a0f455d-9310-426d-9d1b-95a855649bc3","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"6644aa69-cbbb-41d6-bfbf-63ca032be9ab","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"834e6d4f-fb6d-4a15-a7ec-a1110b334e4e","block_type":"box","text":"1","page_number":1,"box":{"x":927,"y":968,"width":2,"height":6}},{"id":"18a5878e-edc2-4f16-b7e9-ac88035e035b","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"c6911c0a-f4e1-4d8a-8955-a32f364a23cc","block_type":"box","text":"5","page_number":1,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"1a9049f6-9d09-4b7e-8d82-7d2664a57fab","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":57,"width":129,"height":19}},{"id":"5a549fd9-927f-4c2c-8c46-d32ae869a9dd","block_type":"box","text":"Sustainability data is as of the date identified in the report sections","page_number":2,"box":{"x":50,"y":92,"width":394,"height":9}},{"id":"b7bc3611-1bf0-47fd-a755-9e5e9ce8d069","block_type":"box","text":"above, usually on a month lag. All metrics are reported in USD unless","page_number":2,"box":{"x":50,"y":105,"width":406,"height":9}},{"id":"844652cf-7443-4038-9dec-a1a099d05a8a","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":50,"y":118,"width":102,"height":7}},{"id":"5f9d7a00-0494-4423-bbf7-755b682cb2fb","block_type":"box","text":"Data Treatments:","page_number":2,"box":{"x":51,"y":135,"width":111,"height":7}},{"id":"2f967ea7-c1b1-4a4e-8ceb-193e425c86af","block_type":"box","text":"State Street applies the data treatments where appli","page_number":2,"box":{"x":168,"y":135,"width":310,"height":9}},{"id":"5d8cae79-4fe1-4daa-a34f-65ee92b2ff7a","block_type":"box","text":"cable to Sustainability Metrics. To review the data treatments and the","page_number":2,"box":{"x":50,"y":148,"width":413,"height":9}},{"id":"a54ff4c9-0853-49e5-8e23-289b0ade2804","block_type":"box","text":"metrics they are applied to please see the data treatments table below.","page_number":2,"box":{"x":51,"y":161,"width":419,"height":9}},{"id":"00608771-d8a5-437b-90c0-21fcb9818c6f","block_type":"box","text":"ESG Score/ESG Rating - MSCI:","page_number":2,"box":{"x":51,"y":178,"width":194,"height":9}},{"id":"0faf2ade-d07f-4ca7-b621-819e82fd4134","block_type":"box","text":"Provide an opinion of sovereign and","page_number":2,"box":{"x":249,"y":178,"width":210,"height":9}},{"id":"304e2bb9-d266-4894-9e3e-e265478db4ec","block_type":"box","text":"sub-sovereign entities’ exposure to and management of ESG risks. MSCI","page_number":2,"box":{"x":50,"y":191,"width":429,"height":9}},{"id":"58362701-f1b6-4792-95a4-d8d46e873dbb","block_type":"box","text":"ESG Research defines ESG risks to sovereign or sub sovereign entities","page_number":2,"box":{"x":51,"y":204,"width":417,"height":9}},{"id":"44b36abb-8de6-46d5-b4ce-93a79002f3d1","block_type":"box","text":"as environmental, social, or governance-related issues that could impact","page_number":2,"box":{"x":50,"y":217,"width":430,"height":9}},{"id":"43fd7899-bd4d-43a3-93a7-e62c02dcdf2a","block_type":"box","text":"the long-term sustainability of their economies. MSCI ESG Government","page_number":2,"box":{"x":50,"y":230,"width":423,"height":9}},{"id":"e9d678f6-e44c-431f-839d-17e8a529788a","block_type":"box","text":"Ratings are determined for countries, local authorities, and supranational","page_number":2,"box":{"x":51,"y":243,"width":431,"height":8}},{"id":"46b52891-ead8-4b96-84b1-7b172d93882e","block_type":"box","text":"administrative bodies and are relative to a global peer set. Each rating","page_number":2,"box":{"x":50,"y":256,"width":413,"height":8}},{"id":"007a3c87-37b8-4ad7-9bbe-3fe87a4bdde5","block_type":"box","text":"takes into consideration measures of environmental risk and manage","page_number":2,"box":{"x":50,"y":268,"width":410,"height":9}},{"id":"1740ea12-f8ed-4ce9-8163-995f002dda08","block_type":"box","text":"ment, knowledge and social capital, and the strength of financial, judicial,","page_number":2,"box":{"x":51,"y":281,"width":428,"height":9}},{"id":"07294f5d-fec2-4e86-8103-589ab386fe80","block_type":"box","text":"and political systems. ESG Government Scores are calculated for all","page_number":2,"box":{"x":50,"y":294,"width":404,"height":9}},{"id":"8d15b4ce-e5e6-45ef-b2f3-64c81334f89a","block_type":"box","text":"countries and then converted into a letter rating. The AAA rating rep","page_number":2,"box":{"x":50,"y":307,"width":405,"height":9}},{"id":"ec0a0b8d-b9bd-445d-bf2a-a1b4bc51a5fb","block_type":"box","text":"resents the highest ESG Rating (i.e., lower ESG risk exposure and stron","page_number":2,"box":{"x":51,"y":319,"width":416,"height":9}},{"id":"d56c9158-ad7a-46ff-8211-d26d0034285f","block_type":"box","text":"ger risk management) whereas the CCC rating represents the lowest","page_number":2,"box":{"x":50,"y":332,"width":408,"height":9}},{"id":"83ecd2dc-a523-4243-a6fc-c9c16ef86e30","block_type":"box","text":"ESG Rating (i.e., higher ESG risk exposure and weaker risk management).","page_number":2,"box":{"x":51,"y":345,"width":432,"height":9}},{"id":"f2c8b83b-912a-4c52-90cb-7482e8d18fdf","block_type":"box","text":"ESG Ratings Distribution - MSCI","page_number":2,"box":{"x":51,"y":363,"width":203,"height":9}},{"id":"2e6931f6-5624-4519-971a-04fa056566a9","block_type":"box","text":"ESG Leaders: Rated AAA or AA:","page_number":2,"box":{"x":78,"y":380,"width":203,"height":7}},{"id":"8c2de87b-838b-426d-8528-8ee341a7e708","block_type":"box","text":"Issuers(sovereign) that have","page_number":2,"box":{"x":285,"y":380,"width":167,"height":9}},{"id":"9a9d1061-e25c-412e-8485-370a3c4d1f5f","block_type":"box","text":"strong management of financially relevant environmental, social and","page_number":2,"box":{"x":77,"y":393,"width":404,"height":9}},{"id":"33ea2785-3dd3-4a05-b5c6-a10b799d3b59","block_type":"box","text":"AA governance issues.","page_number":2,"box":{"x":77,"y":406,"width":135,"height":9}},{"id":"38bdbd02-f0f6-460b-99ce-91ded8bdef9b","block_type":"box","text":"ESG Average: Rated A, BBB or BB:","page_number":2,"box":{"x":78,"y":424,"width":217,"height":8}},{"id":"db3e9372-6f71-48d1-a5fa-00b47bb966a9","block_type":"box","text":"Issuers(sovereign) that have","page_number":2,"box":{"x":299,"y":423,"width":166,"height":9}},{"id":"90683014-84a5-4b24-b26f-f8ffb058d14f","block_type":"box","text":"average management of ESG issues.","page_number":2,"box":{"x":77,"y":436,"width":217,"height":9}},{"id":"31362988-8479-4543-883f-5cc254b75bcd","block_type":"box","text":"ESG Laggards: Rated B or CCC:","page_number":2,"box":{"x":78,"y":454,"width":199,"height":9}},{"id":"d89194fd-1a9b-403e-9229-24bc4eef1e23","block_type":"box","text":"Issuers(sovereign) that do not","page_number":2,"box":{"x":282,"y":454,"width":175,"height":9}},{"id":"92f1e833-1be9-4113-bf69-707dc90358d6","block_type":"box","text":"demonstrate adequate management of the financially relevant ESG","page_number":2,"box":{"x":77,"y":467,"width":400,"height":9}},{"id":"fce2000c-7ff5-4051-a326-c8115e280929","block_type":"box","text":"risks that they face.","page_number":2,"box":{"x":78,"y":480,"width":114,"height":8}},{"id":"8b9dff3e-9ba9-4886-aef5-1ee3cef76814","block_type":"box","text":"ESG Not Covered:","page_number":2,"box":{"x":78,"y":497,"width":113,"height":7}},{"id":"dca422dc-63ec-4457-8699-9398b4fbb096","block_type":"box","text":"Issuers(sovereign) which have not been evaluat","page_number":2,"box":{"x":195,"y":497,"width":280,"height":9}},{"id":"1f9ac7dc-27dd-464a-86c5-38e7088e0e5a","block_type":"box","text":"ed for ESG sustainability risks.","page_number":2,"box":{"x":77,"y":510,"width":179,"height":9}},{"id":"edf46994-2bda-4fd8-8451-86c3742ba3d9","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":50,"y":528,"width":123,"height":7}},{"id":"81d1fbbe-6a9e-4bb1-8d4f-26d699a0adb5","block_type":"box","text":"Market Value of Securities with Green Bonds as","page_number":2,"box":{"x":177,"y":528,"width":281,"height":7}},{"id":"a7649787-8f16-41f5-8e1b-d165ba2937ba","block_type":"box","text":"a Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":50,"y":540,"width":416,"height":9}},{"id":"beea372a-46ec-4d85-9ece-2c49d70f1e05","block_type":"box","text":"Bonds are identified as green if they meet the criteria for Climate Bonds","page_number":2,"box":{"x":51,"y":553,"width":423,"height":9}},{"id":"e8681f99-251f-4ff6-8b8f-28c084e22f3b","block_type":"box","text":"Initiative’s (CBI) green labelled database. For more information on the","page_number":2,"box":{"x":51,"y":566,"width":408,"height":9}},{"id":"9ed5c740-2f75-445c-b642-7638b96ee510","block_type":"box","text":"Green Bond Database methodology, please visit","page_number":2,"box":{"x":50,"y":579,"width":286,"height":9}},{"id":"70e5b467-5f8b-4144-9283-7fb7a0797890","block_type":"box","text":"https://www.climate","page_number":2,"box":{"x":340,"y":579,"width":116,"height":9}},{"id":"a597a50c-3686-4fbd-a262-02bf962c3964","block_type":"box","text":"bonds.net/data-insights/market-data/green-bond-dataset-methodology","page_number":2,"box":{"x":51,"y":592,"width":431,"height":9}},{"id":"e147ba88-5b09-4124-b81d-7350954f5b2a","block_type":"box","text":"Adverse Sustainability Indicators(Weighted Average) - MSCI","page_number":2,"box":{"x":50,"y":609,"width":387,"height":9}},{"id":"0027c0cf-a281-484f-a421-ff2aaf60503a","block_type":"box","text":"Average Income Inequality Score(Weighted):","page_number":2,"box":{"x":77,"y":627,"width":286,"height":9}},{"id":"98c30acb-ef9b-4812-a3dc-0dda07df4dfc","block_type":"box","text":"measures the","page_number":2,"box":{"x":367,"y":627,"width":80,"height":7}},{"id":"455dd6e0-cce4-44df-b27a-212a70fe2173","block_type":"box","text":"extent to which the distribution of income (or, in some cases, con","page_number":2,"box":{"x":77,"y":640,"width":382,"height":8}},{"id":"58b37838-ea90-46c9-bf8a-8c0beb6723d6","block_type":"box","text":"sumption expenditure) among individuals or households within an","page_number":2,"box":{"x":77,"y":652,"width":388,"height":9}},{"id":"0e8d4bf9-84b8-4699-a70a-9d2eb8070bc5","block_type":"box","text":"economy deviates from a perfectly equal distribution.","page_number":2,"box":{"x":77,"y":665,"width":317,"height":9}},{"id":"2cf73243-cd24-4a7b-b09e-aad83c988731","block_type":"box","text":"Average Corruption Score(Weighted):","page_number":2,"box":{"x":77,"y":683,"width":242,"height":9}},{"id":"1dfedc44-f135-4cd5-bef6-06c43bf0c423","block_type":"box","text":"Perceptions of public-sec","page_number":2,"box":{"x":324,"y":683,"width":151,"height":9}},{"id":"d4dcbd38-083a-4c65-84ff-b7e74ce789c4","block_type":"box","text":"tor corruption, including bribery, diversion of public funds, use of","page_number":2,"box":{"x":77,"y":696,"width":381,"height":9}},{"id":"da68bf0f-c69c-4e00-9026-a4d5409dfd03","block_type":"box","text":"public office for private gain, nepotism in the civil service, state","page_number":2,"box":{"x":78,"y":709,"width":369,"height":8}},{"id":"5e05d3b2-e6f8-4e79-8979-46bad21407ec","block_type":"box","text":"capture and mechanisms available to prevent corruption.","page_number":2,"box":{"x":77,"y":722,"width":339,"height":8}},{"id":"62e08277-db3c-496f-a6aa-a4f8345238b8","block_type":"box","text":"Average Rule of Law Score(Weighted):","page_number":2,"box":{"x":77,"y":739,"width":245,"height":9}},{"id":"8d40b8d6-2c4e-4033-82ba-c1aef783d6f2","block_type":"box","text":"measures the strength","page_number":2,"box":{"x":326,"y":739,"width":133,"height":9}},{"id":"fa6fd730-138b-4adb-9982-1b8ca81ee180","block_type":"box","text":"and predictability of a country’s legal system and institutions. As","page_number":2,"box":{"x":77,"y":752,"width":379,"height":9}},{"id":"7832e5b1-9297-4bf1-b191-5859eaf5c85a","block_type":"box","text":"sesses factors like: Protection of property rights, Contract enforce","page_number":2,"box":{"x":77,"y":765,"width":392,"height":8}},{"id":"cda52154-5e13-4dc4-a653-889f3f87aa7d","block_type":"box","text":"ment, Absence of corruption, Public safety and security.","page_number":2,"box":{"x":78,"y":778,"width":331,"height":8}},{"id":"8b30ffe0-3068-4da7-8e22-d14fcd352c74","block_type":"box","text":"Average Freedom of Expression Score(Weighted):","page_number":2,"box":{"x":77,"y":795,"width":319,"height":9}},{"id":"ad926ef5-5b4a-464f-8fba-47f838f95446","block_type":"box","text":"assesses","page_number":2,"box":{"x":399,"y":797,"width":55,"height":5}},{"id":"04c83b04-cf45-4384-83d0-128732a46e73","block_type":"box","text":"the extent to which countries and their citizens enjoy freedom of","page_number":2,"box":{"x":77,"y":808,"width":381,"height":9}},{"id":"5c9026f9-5011-4bab-8a02-96e085fd895a","block_type":"box","text":"expression. It evaluates the protection and promotion of fundamen","page_number":2,"box":{"x":77,"y":821,"width":395,"height":8}},{"id":"1c5be6b4-7238-4f27-a5f8-52c717a6e044","block_type":"box","text":"tal freedoms, including freedom of speech, press, assembly, and","page_number":2,"box":{"x":77,"y":834,"width":379,"height":8}},{"id":"6838fdf4-2787-44fa-933e-c331071dca49","block_type":"box","text":"association.","page_number":2,"box":{"x":77,"y":847,"width":70,"height":6}},{"id":"78a21a4f-f82d-4fc9-b64e-6aba440d0c72","block_type":"box","text":"Average Political Stability Score(Weighted):","page_number":2,"box":{"x":77,"y":864,"width":280,"height":9}},{"id":"b2ae9ad0-6024-4a41-83cd-c84030275910","block_type":"box","text":"assesses the poten","page_number":2,"box":{"x":361,"y":864,"width":114,"height":9}},{"id":"0915c13d-6f8f-410a-b71f-7a7852da7fb0","block_type":"box","text":"tial adverse impacts of investment decisions on sustainability fac","page_number":2,"box":{"x":77,"y":877,"width":385,"height":8}},{"id":"c63ed0e6-a049-432a-8621-b7bdf7bd9b23","block_type":"box","text":"tors. Analyzes various factors related to political stability, including","page_number":2,"box":{"x":77,"y":890,"width":393,"height":8}},{"id":"f761c52e-1953-451e-81ee-6a69dd2468de","block_type":"box","text":"government stability, internal conflict, and external conflict.","page_number":2,"box":{"x":77,"y":902,"width":350,"height":9}},{"id":"639106d6-4271-4344-a0fd-486531975819","block_type":"box","text":"Sovereign - Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":50,"y":920,"width":355,"height":9}},{"id":"428a6281-7a23-4430-ac89-d866d9cfaa56","block_type":"box","text":"Weighted","page_number":2,"box":{"x":409,"y":920,"width":56,"height":9}},{"id":"5fd98c40-6dfb-4c89-b6cd-85d6c6cf0c66","block_type":"box","text":"Average Carbon Intensity (WACI) evaluates a portfolio’s relative expo","page_number":2,"box":{"x":515,"y":92,"width":409,"height":9}},{"id":"4b61c7be-4b4d-4648-9ab8-5c48fadbf75e","block_type":"box","text":"sure to carbon intensive economies. Portfolio-weighted GHG emis","page_number":2,"box":{"x":515,"y":105,"width":393,"height":9}},{"id":"bfb42f37-e397-4a42-ac49-34249a1f141d","block_type":"box","text":"sions per sovereign GDP. (PPP GDP (PPP-adjusted GDP of the country","page_number":2,"box":{"x":515,"y":117,"width":418,"height":9}},{"id":"0cc8cc43-556d-4f61-9518-160a832e3e98","block_type":"box","text":"expressed in millions of US dollars.)","page_number":2,"box":{"x":515,"y":130,"width":209,"height":9}},{"id":"febb0a94-6dd7-4b53-9052-2a2e01136073","block_type":"box","text":"Scope 1 (exclude LULUCF) – MSCI:","page_number":2,"box":{"x":542,"y":148,"width":218,"height":9}},{"id":"c919011e-19a9-4b4d-a825-8308f92146a6","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":766,"y":148,"width":180,"height":9}},{"id":"277b84a7-a2ef-4d0a-a4e8-aa3a6668971c","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":161,"width":401,"height":9}},{"id":"c5f50bad-4551-4aad-b417-fb075eb8d1e1","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":174,"width":406,"height":8}},{"id":"99ab44c7-adba-47ad-ae8b-272e091555c8","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located with","page_number":2,"box":{"x":542,"y":187,"width":400,"height":7}},{"id":"ad504014-e724-499f-b13a-d995e2329713","block_type":"box","text":"in the country/territory. Values exclude land use, land-use change","page_number":2,"box":{"x":542,"y":199,"width":387,"height":9}},{"id":"e07c6dfe-6423-40fe-ba26-33c8d77fe8b4","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":212,"width":138,"height":9}},{"id":"2fd22a12-acd8-4e3f-8535-d9232c1c7ee1","block_type":"box","text":"Scope 1 (include LULUCF) – MSCI:","page_number":2,"box":{"x":542,"y":230,"width":215,"height":8}},{"id":"1ae66203-f1cf-4233-bbe4-9f5759fab1e9","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":761,"y":230,"width":179,"height":8}},{"id":"ae187ee9-d1b5-4ca9-a504-7ff79c447d81","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":242,"width":401,"height":9}},{"id":"ae1e7a43-5e85-46fc-a199-b66875e50f28","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":255,"width":406,"height":9}},{"id":"e5bce3c7-04f3-4dcd-a9df-cd7c3109e52f","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located","page_number":2,"box":{"x":542,"y":268,"width":373,"height":7}},{"id":"64353853-f59d-4c29-b7cc-e2c08c99dc4b","block_type":"box","text":"within the country territory. Values include land use, land-use change","page_number":2,"box":{"x":542,"y":281,"width":407,"height":9}},{"id":"ec3e7526-3925-45ff-865a-fb94a8e23155","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":294,"width":138,"height":9}},{"id":"9ed7ac6b-37e7-46d1-a946-34caf224a481","block_type":"box","text":"Consumption (Scope 1 exclude LULUCF + scope 2+3 - exported","page_number":2,"box":{"x":542,"y":311,"width":402,"height":9}},{"id":"15e9bff1-e6f9-488a-82af-fc32a1f86f84","block_type":"box","text":"emissions) – MSCI:","page_number":2,"box":{"x":542,"y":324,"width":119,"height":8}},{"id":"cdf13ff1-c99e-45b6-bd2d-d1ed50e1264f","block_type":"box","text":"The estimated consumption emissions for the","page_number":2,"box":{"x":665,"y":324,"width":272,"height":9}},{"id":"c843561a-b139-4b04-aa75-cfe39e49f4ba","block_type":"box","text":"country/territory (if available), in tons of CO2 equivalent per year","page_number":2,"box":{"x":542,"y":337,"width":382,"height":9}},{"id":"a3ec7c08-ab86-4d62-b9f9-9200bc53ead8","block_type":"box","text":"(tCO2e/yr). MSCI ESG Research calculates consumption emissions","page_number":2,"box":{"x":542,"y":350,"width":401,"height":9}},{"id":"cb617782-b847-4cad-82d9-6390739a8f01","block_type":"box","text":"based on Scope 1 emissions excl. LULUCF plus Scope 2 and Scope","page_number":2,"box":{"x":542,"y":363,"width":397,"height":8}},{"id":"699d9722-0703-480f-b397-5c3ed9cce144","block_type":"box","text":"3 emissions minus exported emissions.","page_number":2,"box":{"x":542,"y":376,"width":231,"height":8}},{"id":"1a9cfaa2-2a00-40ac-8239-d068e2cb8103","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":393,"width":202,"height":7}},{"id":"2d26008d-7d02-4f80-a92c-5f1fb7606ef9","block_type":"box","text":"Total carbon emissions includes all","page_number":2,"box":{"x":723,"y":393,"width":206,"height":7}},{"id":"2cab5d20-8ee1-495a-b101-51c4e28d8bd9","block_type":"box","text":"greenhouse gas emissions produced within a country’s borders from all","page_number":2,"box":{"x":515,"y":406,"width":421,"height":9}},{"id":"02533c90-7a6d-4c87-94a6-0336cd7c7638","block_type":"box","text":"sources, including energy production, industry, agriculture, and trans","page_number":2,"box":{"x":515,"y":419,"width":405,"height":9}},{"id":"8de2a6ce-dbaa-43e0-9228-944b10de8705","block_type":"box","text":"portation apportioned by","page_number":2,"box":{"x":515,"y":432,"width":150,"height":8}},{"id":"064133ee-c671-404f-88ce-4db189608dd3","block_type":"box","text":"PPP GDP","page_number":2,"box":{"x":668,"y":432,"width":58,"height":7}},{"id":"7bc4b627-1522-4c10-bd60-c15e019a52d6","block_type":"box","text":"(PPP-adjusted GDP of the country","page_number":2,"box":{"x":729,"y":431,"width":203,"height":9}},{"id":"c0fb79c4-6012-4ba7-8722-621a69352276","block_type":"box","text":"expressed in millions of US dollar).","page_number":2,"box":{"x":515,"y":444,"width":202,"height":9}},{"id":"d348ef94-c9bc-42f7-9130-d4f50de4d5b4","block_type":"box","text":"Scope 1 (excluding LULUCF) MSCI:","page_number":2,"box":{"x":542,"y":462,"width":220,"height":9}},{"id":"edba645c-13e2-4060-bb43-2d338f7fd581","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":765,"y":462,"width":180,"height":9}},{"id":"2adc4d85-b825-4c03-a520-57a70f869abd","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":475,"width":401,"height":9}},{"id":"9ad77fd5-2219-4f71-9162-18bdfde5c67e","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":488,"width":406,"height":8}},{"id":"df30407a-3c41-49cb-aaee-6a71e903923a","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located with","page_number":2,"box":{"x":542,"y":501,"width":400,"height":7}},{"id":"4e843744-1307-49db-90be-3e56b84dbda4","block_type":"box","text":"in the country/territory. Values exclude land use, land-use change","page_number":2,"box":{"x":542,"y":513,"width":387,"height":9}},{"id":"ed4cf704-ffdf-4e2c-bf36-133dbeeef487","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":526,"width":138,"height":9}},{"id":"417bcb4d-3258-4ad2-8edd-0f29e7fcab41","block_type":"box","text":"Scope 1 (including LULUCF) MSCI:","page_number":2,"box":{"x":542,"y":544,"width":217,"height":9}},{"id":"56f664cd-6b95-40ce-b108-367d9e7e2916","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":762,"y":544,"width":180,"height":8}},{"id":"3375d7ef-7dd4-4330-8b36-d9cb98543777","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":556,"width":401,"height":9}},{"id":"a844e3e9-bf31-4280-bd18-d9a994f5192d","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":569,"width":406,"height":9}},{"id":"7621c294-6081-4e2d-aacd-aa48262581ad","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located","page_number":2,"box":{"x":542,"y":582,"width":373,"height":7}},{"id":"200a38ae-e066-4d91-be68-8fca5a9596af","block_type":"box","text":"within the country territory. Values include land use, land-use change","page_number":2,"box":{"x":542,"y":595,"width":407,"height":9}},{"id":"a9bdc3e5-5e6d-47bc-bf68-9fc5f70ffda9","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":608,"width":138,"height":9}},{"id":"e9d08fb9-f74f-4c1f-a5f5-b476080c5025","block_type":"box","text":"Consumption (Scope 1 exclude LULUCF + scope 2+3 - exported","page_number":2,"box":{"x":542,"y":625,"width":402,"height":9}},{"id":"ddb0b171-b53e-4ccb-9664-0493084d4191","block_type":"box","text":"emissions) – MSCI:","page_number":2,"box":{"x":542,"y":638,"width":119,"height":8}},{"id":"1ad6b951-e37a-4d9e-bf76-1d09f3960da8","block_type":"box","text":"The estimated consumption emissions for the","page_number":2,"box":{"x":665,"y":638,"width":272,"height":9}},{"id":"4d54bc0b-cc4a-456e-81dc-d95900223ccb","block_type":"box","text":"country/territory (if available), in tons of CO2 equivalent per year","page_number":2,"box":{"x":542,"y":651,"width":382,"height":9}},{"id":"ba92d33d-a87c-4bc8-9175-d64a15d5d84b","block_type":"box","text":"(tCO2e/yr). MSCI ESG Research calculates consumption emissions","page_number":2,"box":{"x":542,"y":664,"width":401,"height":9}},{"id":"2f27801e-3652-4415-86fa-12b786859574","block_type":"box","text":"based on Scope 1 emissions excl. LULUCF plus Scope 2 and Scope","page_number":2,"box":{"x":542,"y":677,"width":397,"height":8}},{"id":"70fed628-3584-4089-ba64-85513e700db3","block_type":"box","text":"3 emissions minus exported emissions.","page_number":2,"box":{"x":542,"y":690,"width":231,"height":8}},{"id":"75cd0c0e-66db-4921-8259-93c243db3c1c","block_type":"box","text":"Government Freedom Status MSCI:","page_number":2,"box":{"x":515,"y":707,"width":226,"height":7}},{"id":"3971897d-b5c9-4573-839c-5886d05b9776","block_type":"box","text":"Free:","page_number":2,"box":{"x":542,"y":725,"width":31,"height":7}},{"id":"7bf1dfac-c110-4422-9745-1a0f5637b8d5","block_type":"box","text":"Countries with strong political rights and civil liberties.","page_number":2,"box":{"x":577,"y":725,"width":318,"height":9}},{"id":"38a6f9de-4766-49f2-aeda-45638276f1d8","block_type":"box","text":"Partially Free:","page_number":2,"box":{"x":542,"y":742,"width":88,"height":9}},{"id":"82721fa7-d65f-4e45-ae9f-471dbc40f13a","block_type":"box","text":"Countries where some political rights and civil liber","page_number":2,"box":{"x":634,"y":742,"width":301,"height":9}},{"id":"2888fad8-96f7-4a7b-829c-3d008547e6e0","block_type":"box","text":"ties are present, but there are challenges and limitations.","page_number":2,"box":{"x":542,"y":755,"width":334,"height":9}},{"id":"acf784e3-d10f-4769-baef-a11a62da9a47","block_type":"box","text":"Not Free:","page_number":2,"box":{"x":542,"y":773,"width":57,"height":7}},{"id":"de21e5ff-a809-4ad8-9603-3e2617dbfabf","block_type":"box","text":"Countries where political rights and civil liberties are","page_number":2,"box":{"x":603,"y":773,"width":308,"height":9}},{"id":"2109bc3f-db6e-424f-a474-47cfd546f118","block_type":"box","text":"largely absent.","page_number":2,"box":{"x":542,"y":786,"width":86,"height":8}},{"id":"01b509f2-a539-4119-87a8-052bb67d606e","block_type":"box","text":"No Data:","page_number":2,"box":{"x":542,"y":803,"width":54,"height":7}},{"id":"ea52d6c1-0130-4832-b291-2628ec215cd2","block_type":"box","text":"No data available to evaluate a country’s government","page_number":2,"box":{"x":600,"y":803,"width":314,"height":9}},{"id":"9aaab5f3-bc8c-4ae2-bff1-68ffdc24e881","block_type":"box","text":"based on political rights and civil liberties.","page_number":2,"box":{"x":542,"y":816,"width":245,"height":9}},{"id":"e3126c7b-b2e1-4ded-b371-e6d7beb752a8","block_type":"box","text":"Report ID: 5088438.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"15fd2149-4d6d-420e-8ad1-9fe3e8d00b7b","block_type":"box","text":"Published: 18 Nov 2025","page_number":2,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"88b0c568-b942-4a44-afe3-f09dde29920c","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"08bbbda2-e2bb-496e-b5b0-b683a87d4497","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"ce871792-b0df-4afb-bba4-754be56b5cdb","block_type":"box","text":"g","page_number":2,"box":{"x":911,"y":970,"width":5,"height":5}},{"id":"bfaddbbb-bca0-4f66-92b9-1c98fae2bbdb","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":6,"height":4}},{"id":"ed0ff62f-261e-4c43-9349-2f81b3086aec","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"839624e6-c3e1-4f57-af0c-760d28fb4622","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"0d90ff4b-2010-4d00-a16f-f9add6cd9466","block_type":"box","text":"5","page_number":2,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"29fc7219-2dbb-4b20-a94d-951b0113df6b","block_type":"box","text":"Sustainability Sovereign Bond Portfolio Characteristics","page_number":3,"box":{"x":50,"y":44,"width":441,"height":11}},{"id":"79b09499-6ef1-4538-962e-f38b6b610518","block_type":"box","text":"Data Treatments:","page_number":3,"box":{"x":51,"y":81,"width":92,"height":6}},{"id":"841b07c2-7b26-4dc3-a414-b58eb36a8493","block_type":"box","text":"1. Exclusions - Exclude positions for specific security types that are not expected to have a score / rating. (Cash*, Cash Equivalents**, Derivatives, Rights and Warrants)","page_number":3,"box":{"x":50,"y":96,"width":821,"height":8}},{"id":"b310c0a5-4644-4ddd-9e57-ac8dfa9df088","block_type":"box","text":"2. Exclude securities without a value for a particular metric.","page_number":3,"box":{"x":50,"y":112,"width":291,"height":7}},{"id":"ba273e48-2fe8-47b1-b3cb-031f20bfc7e4","block_type":"box","text":"3. Rebalance the position weights of covered securities.","page_number":3,"box":{"x":50,"y":128,"width":274,"height":7}},{"id":"641cbeb5-a558-472a-9200-3350de064a83","block_type":"box","text":"Attributes","page_number":3,"box":{"x":50,"y":162,"width":55,"height":6}},{"id":"8f557d11-8a85-4cf3-b30e-e51637755908","block_type":"box","text":"Exclusions","page_number":3,"box":{"x":345,"y":162,"width":56,"height":6}},{"id":"fdfebfbc-157e-46b7-854e-eee2b3a8a07b","block_type":"box","text":"Additional Exclusions","page_number":3,"box":{"x":569,"y":162,"width":115,"height":6}},{"id":"9ad557db-de1e-45b6-a5f1-4a4f21cf6a32","block_type":"box","text":"Missing Data Treatment","page_number":3,"box":{"x":767,"y":162,"width":127,"height":8}},{"id":"a2ba35f8-9b82-476f-85b3-5e5087c8e78b","block_type":"box","text":"MSCI ESG Score","page_number":3,"box":{"x":51,"y":178,"width":83,"height":6}},{"id":"56c27f30-be9b-48ed-afca-cd2174ea04b4","block_type":"box","text":"1.Cash and Cash Equivalents*","page_number":3,"box":{"x":344,"y":224,"width":146,"height":7}},{"id":"2e677693-e2db-450b-a337-b0cd1ea657a2","block_type":"box","text":"2. Derivatives **","page_number":3,"box":{"x":344,"y":235,"width":79,"height":5}},{"id":"3fa4a154-33ab-4f8b-b45d-992393a77c14","block_type":"box","text":"3. Rights and Warrants","page_number":3,"box":{"x":344,"y":245,"width":112,"height":8}},{"id":"42796795-d5d3-4490-93e8-5e6e371c3835","block_type":"box","text":"4.Securities without a Score or Rating","page_number":3,"box":{"x":344,"y":256,"width":186,"height":7}},{"id":"537eaaa0-a90c-4ed1-ac6c-2ea73d1d25e9","block_type":"box","text":"N/A","page_number":3,"box":{"x":569,"y":240,"width":19,"height":6}},{"id":"8df2f87f-d156-47dd-851f-68584fd20c05","block_type":"box","text":"N/A","page_number":3,"box":{"x":767,"y":240,"width":19,"height":6}},{"id":"ca840719-980b-41c8-9ec9-b7ba714f7e37","block_type":"box","text":"MSCI ESG Rating","page_number":3,"box":{"x":51,"y":194,"width":86,"height":7}},{"id":"4cdf8df9-ff2d-43f8-a55a-a2ebdf7bc59b","block_type":"box","text":"MSCI Weighted Average Carbon Intensity","page_number":3,"box":{"x":51,"y":209,"width":206,"height":7}},{"id":"5f1390c1-03a3-4ef7-9182-c176a5068d03","block_type":"box","text":"MSCI Carbon Emissions","page_number":3,"box":{"x":51,"y":224,"width":119,"height":6}},{"id":"113f490a-78da-4a8d-994c-c126e9fc829e","block_type":"box","text":"MSCI Average Income Inequality Score(Weighted)","page_number":3,"box":{"x":51,"y":240,"width":248,"height":7}},{"id":"70a5876b-e289-4c82-9820-956eea9c1c8b","block_type":"box","text":"MSCI Average Freedom of Expression Score(Weighted)","page_number":3,"box":{"x":51,"y":255,"width":275,"height":8}},{"id":"ecbbd1a6-608a-45e2-9572-bd2bb6296451","block_type":"box","text":"MSCI Average Corruption Score(Weighted)","page_number":3,"box":{"x":51,"y":271,"width":214,"height":7}},{"id":"547d710a-ae81-48ef-8707-67cda571f234","block_type":"box","text":"MSCI Average Political Stability Score(Weighted)","page_number":3,"box":{"x":51,"y":286,"width":242,"height":8}},{"id":"e7fc4cb4-e6df-46e9-8ee8-0feba6b1252c","block_type":"box","text":"Average Rule of Law Score(Weighted)","page_number":3,"box":{"x":50,"y":302,"width":188,"height":7}},{"id":"37ac2185-8cb2-4c2d-9de0-d3f43ed97079","block_type":"box","text":"MSCI ESG Ratings Distribution","page_number":3,"box":{"x":51,"y":317,"width":151,"height":7}},{"id":"c9c32ca1-e44c-4b58-a473-ac7fb2edec40","block_type":"box","text":"1. Cash and Cash Equivalents *","page_number":3,"box":{"x":344,"y":330,"width":151,"height":7}},{"id":"86097d53-e023-4555-9a20-02dfec7f0007","block_type":"box","text":"2. Derivatives **","page_number":3,"box":{"x":344,"y":340,"width":79,"height":6}},{"id":"647e23ba-df52-4b44-b9d6-98bc761f2181","block_type":"box","text":"3. Rights and Warrants","page_number":3,"box":{"x":344,"y":351,"width":112,"height":7}},{"id":"a4383e7e-ec3a-4876-abe0-b7b329cdefe1","block_type":"box","text":"N/A","page_number":3,"box":{"x":569,"y":340,"width":19,"height":7}},{"id":"2b7a04c1-df0f-4487-8591-635c1fbac551","block_type":"box","text":"N/A","page_number":3,"box":{"x":767,"y":340,"width":19,"height":7}},{"id":"5047c06a-f959-4791-af6c-2920f7b26914","block_type":"box","text":"Government Freedom Status","page_number":3,"box":{"x":50,"y":333,"width":145,"height":5}},{"id":"2c2dc3c6-b19e-4d47-8fdd-2230c72b2e22","block_type":"box","text":"CBI Green Bonds","page_number":3,"box":{"x":50,"y":348,"width":86,"height":6}},{"id":"1a83d640-c56d-487b-8f20-ba9b001e3c0c","block_type":"box","text":"Coverage for each ESG Attributes","page_number":3,"box":{"x":50,"y":363,"width":169,"height":8}},{"id":"5b4008c7-32cf-4e2e-b5a4-3600796a7af1","block_type":"box","text":"* Cash and Cash Equivalents: Cash, Cash Collateral, Money Market, Money Market Fund","page_number":3,"box":{"x":50,"y":379,"width":464,"height":7}},{"id":"185930a8-31a9-4c70-a165-446889ced37b","block_type":"box","text":"** Derivatives: Futures, Options, Swaps, Swaptions, Forwards","page_number":3,"box":{"x":50,"y":389,"width":324,"height":8}},{"id":"3145cd78-2c88-4cca-86ae-1d63dfdd5297","block_type":"box","text":"Report ID: 5088438.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"5a8251b0-c083-434f-a041-20a805be72a0","block_type":"box","text":"Published: 18 Nov 2025","page_number":3,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"ac3ea511-971f-4ae8-99ac-4683f1c88ea2","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"5f471044-7891-4472-81ea-007f603951e4","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"7935b067-1a5f-40c2-9d8c-9e9e2e633402","block_type":"box","text":"g","page_number":3,"box":{"x":911,"y":970,"width":5,"height":5}},{"id":"aca36d17-feb2-4d0e-858b-2a5df67a5b8c","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"0df5cffe-c869-4723-bf0e-4b7a55a8f57f","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"04e4f016-3408-4945-870c-10ef974b5511","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"bbe3813f-1d1b-4fbe-a57c-32eb993016fe","block_type":"box","text":"5","page_number":3,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"88d72924-f447-455b-abfa-469a2a06aeee","block_type":"box","text":"Disclosures","page_number":4,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"477da0a1-b195-41b9-942a-d847e642293c","block_type":"box","text":"State Street Global Advisors (SSGA) is now State Street Investment","page_number":4,"box":{"x":50,"y":92,"width":433,"height":8}},{"id":"892e7786-6ca3-44e6-b868-091a72bce8b0","block_type":"box","text":"Management. Please click here for more information.","page_number":4,"box":{"x":51,"y":105,"width":336,"height":9}},{"id":"620adde2-ad14-430f-a153-774cc2830290","block_type":"box","text":"Marketing Communication","page_number":4,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"957d9060-6eb6-4780-ae53-fb367adc09fb","block_type":"box","text":"For institutional / professional investors use only.","page_number":4,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"d343d3a1-9992-469d-88e5-789c55018598","block_type":"box","text":"The information presented above is intended to provide transparency","page_number":4,"box":{"x":50,"y":158,"width":414,"height":8}},{"id":"d025734a-e011-4fcc-b41d-0a6d073a6be1","block_type":"box","text":"to investors around sustainability characteristics of the fund. Present","page_number":4,"box":{"x":50,"y":170,"width":408,"height":9}},{"id":"9c399f9e-e6dc-459a-959d-1ddfab1e62a8","block_type":"box","text":"ing this information should not be construed as a representation of the","page_number":4,"box":{"x":51,"y":183,"width":415,"height":9}},{"id":"48beefbe-a2a0-455d-8076-eb00595e6724","block_type":"box","text":"fund’s current or future investment objective, nor should it be viewed as","page_number":4,"box":{"x":50,"y":196,"width":422,"height":9}},{"id":"470830e0-e823-4405-8755-8e98778fe1e4","block_type":"box","text":"an indicator of the fund manager’s current or future investment deci","page_number":4,"box":{"x":50,"y":209,"width":401,"height":9}},{"id":"0ac46835-76f3-4161-88d0-fe10ad288220","block_type":"box","text":"sion-making.","page_number":4,"box":{"x":50,"y":222,"width":76,"height":8}},{"id":"c97ef295-6a91-43d1-b6aa-019b772b68b7","block_type":"box","text":"Investing involves risk including the risk of loss of principal.","page_number":4,"box":{"x":51,"y":239,"width":344,"height":9}},{"id":"de3a149c-e8f4-4e5d-a177-d42e5a9cba2a","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or","page_number":4,"box":{"x":50,"y":257,"width":405,"height":9}},{"id":"873ce936-f046-48ff-801f-3e770462ab5a","block_type":"box","text":"transmitted or any of its contents disclosed to third parties without SS","page_number":4,"box":{"x":50,"y":270,"width":414,"height":8}},{"id":"960453d9-364b-4f2b-9191-f08999dc1f0c","block_type":"box","text":"GA’s express written consent.","page_number":4,"box":{"x":50,"y":283,"width":176,"height":8}},{"id":"97c6adb1-0959-4995-9ab2-85e568e9eb90","block_type":"box","text":"All information is from SSGA unless otherwise noted and has been","page_number":4,"box":{"x":50,"y":300,"width":393,"height":7}},{"id":"6bd788ef-cd63-4683-9cac-5401cf64af5c","block_type":"box","text":"obtained from sources believed to be reliable, but its accuracy is not","page_number":4,"box":{"x":50,"y":313,"width":404,"height":9}},{"id":"df1c5cb0-9fa5-414c-bd39-1223f6f1811a","block_type":"box","text":"guaranteed. There is no representation or warranty as to the current","page_number":4,"box":{"x":50,"y":326,"width":407,"height":9}},{"id":"1ddeb386-33e7-4ab7-a553-2fd5661c6e1e","block_type":"box","text":"accuracy, reliability or completeness of, nor liability for, decisions based","page_number":4,"box":{"x":50,"y":339,"width":422,"height":8}},{"id":"5ec0b7a3-b725-4c7a-8518-329ed7de372b","block_type":"box","text":"on such information and it should not be relied on as such.","page_number":4,"box":{"x":50,"y":351,"width":342,"height":7}},{"id":"539c4e60-1a60-40c7-afb5-d15d33cbde76","block_type":"box","text":"The information provided does not constitute investment advice as such","page_number":4,"box":{"x":50,"y":369,"width":430,"height":9}},{"id":"8e318c9b-6f9f-436e-b0a7-8c53feed465a","block_type":"box","text":"term is defined under the Markets in Financial Instruments Directive","page_number":4,"box":{"x":50,"y":382,"width":402,"height":7}},{"id":"96706dfe-08ef-4cab-96ef-221bf09eb4a2","block_type":"box","text":"(2014/65/EU) or applicable Swiss regulation and it should not be relied on","page_number":4,"box":{"x":51,"y":394,"width":432,"height":9}},{"id":"d77eb12a-8227-4aef-8ced-263dcd736b0b","block_type":"box","text":"as such. It should not be considered a solicitation to buy or an offer to sell","page_number":4,"box":{"x":50,"y":407,"width":431,"height":9}},{"id":"95d48ddc-e3ac-40de-b249-d5a0fbac39b6","block_type":"box","text":"any investment. It does not take into account any investor’s or potential","page_number":4,"box":{"x":50,"y":420,"width":421,"height":9}},{"id":"a69b338b-3e35-44b6-ad3f-1ec985d16923","block_type":"box","text":"investor’s particular investment objectives, strategies, tax status, risk ap","page_number":4,"box":{"x":51,"y":433,"width":425,"height":9}},{"id":"c546b3dc-690f-426d-ada4-f6e79c49f77c","block_type":"box","text":"petite or investment horizon. If you require investment advice you should","page_number":4,"box":{"x":51,"y":446,"width":428,"height":9}},{"id":"d26ed535-2186-4f3f-a665-2930af938249","block_type":"box","text":"consult your tax and financial or other professional advisor.","page_number":4,"box":{"x":50,"y":459,"width":349,"height":8}},{"id":"322348ab-09d1-45e6-9f83-441fb9f7fd90","block_type":"box","text":"The information contained in this communication is not a research","page_number":4,"box":{"x":50,"y":476,"width":422,"height":7}},{"id":"96fbbcc2-ee26-4d87-9800-3ddf4635b160","block_type":"box","text":"recommendation or ‘investment research’ and is classified as a","page_number":4,"box":{"x":51,"y":489,"width":399,"height":7}},{"id":"bf0f903d-a63b-4058-a4fe-8609028c9cdb","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":4,"box":{"x":50,"y":502,"width":395,"height":9}},{"id":"e2a83e3d-1ddb-49c2-9ae5-515b23327487","block_type":"box","text":"regional regulation. This means that this marketing communication","page_number":4,"box":{"x":51,"y":515,"width":426,"height":9}},{"id":"09e86799-2aa1-4a70-b4aa-9fd840b504f6","block_type":"box","text":"(a) has not been prepared in accordance with legal requirements","page_number":4,"box":{"x":51,"y":527,"width":411,"height":9}},{"id":"d09beca3-021a-4302-ad12-50269c268a66","block_type":"box","text":"designed to promote the independence of investment research (b)","page_number":4,"box":{"x":50,"y":540,"width":422,"height":9}},{"id":"4c2ff747-0fb7-41fe-9283-9c882943c4ad","block_type":"box","text":"is not subject to any prohibition on dealing ahead of the dissemina","page_number":4,"box":{"x":51,"y":553,"width":418,"height":9}},{"id":"4060e86b-749f-4f80-8dfe-208c7236f659","block_type":"box","text":"tion of investment research.","page_number":4,"box":{"x":50,"y":566,"width":178,"height":7}},{"id":"9b3e83f7-c013-4d83-b49e-9cde85f4ef20","block_type":"box","text":"This communication is directed at professional clients (this includes","page_number":4,"box":{"x":50,"y":584,"width":402,"height":8}},{"id":"45c92cfb-309c-4ec7-8bda-456c597da4bf","block_type":"box","text":"eligible counterparties as defined by the appropriate EU regulator) who","page_number":4,"box":{"x":50,"y":596,"width":421,"height":9}},{"id":"f6d368f2-23f2-4fba-a193-f1d24df04831","block_type":"box","text":"are deemed both knowledgeable and experienced in matters relating to","page_number":4,"box":{"x":50,"y":609,"width":425,"height":9}},{"id":"e6f3890b-3dd1-4f15-91d1-a2a39257d02a","block_type":"box","text":"investments. The products and services to which this communication","page_number":4,"box":{"x":51,"y":622,"width":410,"height":9}},{"id":"f544e714-52b1-45cd-813d-efc8846b02e9","block_type":"box","text":"relates are only available to such persons and persons of any other de","page_number":4,"box":{"x":51,"y":635,"width":412,"height":9}},{"id":"a9cd1966-8f4e-4dec-9936-da1e8674b144","block_type":"box","text":"scription (including retail clients) should not rely on this communication.","page_number":4,"box":{"x":50,"y":648,"width":424,"height":9}},{"id":"0b88287b-9af6-4e9a-90e6-31c10e4cae83","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":4,"box":{"x":51,"y":666,"width":415,"height":8}},{"id":"4279714f-3cff-4f5a-8976-4f90772fc571","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":4,"box":{"x":51,"y":678,"width":422,"height":9}},{"id":"4e6b6712-5d82-4c7a-a5a0-3f24c81594e0","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":4,"box":{"x":50,"y":691,"width":418,"height":9}},{"id":"ce03bed1-6e16-4624-b33f-0fb8d91b8fd8","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":4,"box":{"x":50,"y":704,"width":409,"height":9}},{"id":"0d46fc5c-9f04-4799-ab65-0e39d4fd5e21","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":4,"box":{"x":50,"y":717,"width":429,"height":8}},{"id":"c864a9c1-aa54-403b-bf2c-791542fdf729","block_type":"box","text":"to a substantial gain or loss.","page_number":4,"box":{"x":50,"y":730,"width":163,"height":8}},{"id":"25479b79-4ed4-43ac-ba2b-1b2237c24142","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":4,"box":{"x":51,"y":747,"width":429,"height":9}},{"id":"29fc544a-c48f-43fc-bf1b-61c54ba88ce7","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":4,"box":{"x":50,"y":760,"width":419,"height":9}},{"id":"d7dd3d24-56f0-400f-9174-6bb96ea23b54","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":4,"box":{"x":51,"y":773,"width":372,"height":9}},{"id":"67bb1934-b245-4e41-82d0-bc803ee13752","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":4,"box":{"x":50,"y":790,"width":415,"height":9}},{"id":"0926b2bc-7c23-4faf-b425-d6350d2fdb79","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":4,"box":{"x":50,"y":803,"width":400,"height":9}},{"id":"7570f545-44d7-4f2e-9677-e46e68a3f01f","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":4,"box":{"x":50,"y":816,"width":396,"height":8}},{"id":"8f8996cf-5526-4c51-b3fd-d6f7965fb217","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":4,"box":{"x":50,"y":829,"width":415,"height":8}},{"id":"acff6fc8-39b2-4a35-9f1f-2946e7e56aec","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":4,"box":{"x":50,"y":842,"width":404,"height":8}},{"id":"509cbb4e-333d-4688-929e-4c45c04ebe68","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":4,"box":{"x":51,"y":854,"width":407,"height":9}},{"id":"13fab291-3f73-4b80-baa9-6759f75aaee0","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":4,"box":{"x":51,"y":867,"width":409,"height":9}},{"id":"ecd22351-21af-4a0f-a334-81946d7d5426","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":4,"box":{"x":50,"y":880,"width":414,"height":9}},{"id":"522e5a33-066b-4c21-a0ef-af980dc08e0a","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":4,"box":{"x":50,"y":893,"width":428,"height":9}},{"id":"04428c03-b565-43ca-bfb3-e50bb6ba4581","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":4,"box":{"x":50,"y":906,"width":432,"height":8}},{"id":"f840dd83-7f1c-49c0-b263-98a9b82e08f0","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":4,"box":{"x":51,"y":918,"width":421,"height":9}},{"id":"cfd61406-df17-438d-9fbe-d4940dae68c9","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":4,"box":{"x":515,"y":92,"width":430,"height":9}},{"id":"02d95668-f18a-4267-b1d3-d39b5564a89a","block_type":"box","text":"these indices.","page_number":4,"box":{"x":515,"y":105,"width":81,"height":7}},{"id":"bddf637e-5a24-4814-8225-ddd1b2205d5f","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":4,"box":{"x":515,"y":122,"width":416,"height":9}},{"id":"c81efe79-8b56-4f2b-ab19-99b4d567bab4","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":4,"box":{"x":515,"y":135,"width":415,"height":9}},{"id":"d0c876ee-5ea0-42fd-8a0b-c931e67464af","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":4,"box":{"x":515,"y":148,"width":423,"height":9}},{"id":"ba6fbc1b-c179-48af-b5d6-491ece1d7ba4","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":4,"box":{"x":515,"y":161,"width":306,"height":8}},{"id":"621c1108-70b8-4aa6-af37-ad71949e6f6f","block_type":"box","text":"www.ssga.com","page_number":4,"box":{"x":824,"y":163,"width":97,"height":7}},{"id":"d7d1c0a3-25eb-40ad-830a-6f26369f75a4","block_type":"box","text":". A","page_number":4,"box":{"x":923,"y":161,"width":15,"height":7}},{"id":"ccdc058d-224d-4cd1-ae28-128758b518fe","block_type":"box","text":"summary of investor rights can be found here:","page_number":4,"box":{"x":515,"y":174,"width":292,"height":8}},{"id":"e632cd5e-ae5a-40c6-973f-6a80c7d07dfd","block_type":"box","text":"https://www.ssga.","page_number":4,"box":{"x":811,"y":174,"width":116,"height":8}},{"id":"afa2e7cd-c9b5-45e4-9ef5-c3019297365d","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-inves","page_number":4,"box":{"x":515,"y":186,"width":396,"height":9}},{"id":"bb33c1a3-dcf4-43b2-9ce5-e6aa5e01e074","block_type":"box","text":"tor-rights/ssga-investors-rights-summary-template-non-etf-Lux.","page_number":4,"box":{"x":515,"y":199,"width":426,"height":9}},{"id":"962883ed-9950-43fd-95f6-bd4f95d14516","block_type":"box","text":"pdf.","page_number":4,"box":{"x":515,"y":212,"width":24,"height":9}},{"id":"481b0235-2321-4fc8-9a2b-f88833c956bb","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":4,"box":{"x":515,"y":230,"width":418,"height":8}},{"id":"d7e10c81-4ef0-43b4-82b6-3c79676b03ba","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":4,"box":{"x":515,"y":243,"width":431,"height":8}},{"id":"f1faa9c8-a2e6-4aa2-a3c5-81ed4fdb8686","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":4,"box":{"x":515,"y":255,"width":355,"height":9}},{"id":"fef4dce7-4a71-4a8a-82a4-53b782c24924","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely on","page_number":4,"box":{"x":516,"y":273,"width":420,"height":9}},{"id":"1f6c9e7f-c63b-4aaa-ac31-22f4bd056890","block_type":"box","text":"the information above, but should consider other factors, including the","page_number":4,"box":{"x":515,"y":286,"width":415,"height":9}},{"id":"81d5b947-edaa-40db-a929-9ea383bee160","block_type":"box","text":"fund’s overall investment objective and risk profile. Investors are encour","page_number":4,"box":{"x":515,"y":299,"width":424,"height":8}},{"id":"45ebbfd5-4f3c-4fc6-9741-5468cb86ecc2","block_type":"box","text":"aged to review the fund’s prospectus [https://www.ssga.com/fund-find","page_number":4,"box":{"x":515,"y":311,"width":414,"height":9}},{"id":"6e033c3f-40ad-4d44-82f1-8ccb64538c1f","block_type":"box","text":"er?tab=documents] and KIID for more information regarding the fund","page_number":4,"box":{"x":515,"y":324,"width":412,"height":9}},{"id":"bafedd88-01b8-4641-8868-7ef7f16c98b4","block_type":"box","text":"and where applicable, the fund’s SFDR category.","page_number":4,"box":{"x":515,"y":337,"width":286,"height":9}},{"id":"6b9fc22b-a18b-45b0-8ddf-abf7897d5955","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":4,"box":{"x":515,"y":355,"width":407,"height":8}},{"id":"bb8250e1-59cf-4334-9377-b18cc619a92b","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":4,"box":{"x":515,"y":368,"width":417,"height":8}},{"id":"f9b99d46-4b5f-47db-a3e6-6af389f68bd7","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability charac","page_number":4,"box":{"x":515,"y":380,"width":427,"height":9}},{"id":"a437273b-d4b9-41e2-87c6-95b3d75474e0","block_type":"box","text":"teristics. As a result, there may be limitations reported in the sustainabili","page_number":4,"box":{"x":515,"y":393,"width":425,"height":9}},{"id":"a5d7731c-7c55-49ba-97fd-232c947b0a94","block_type":"box","text":"ty metrics or indicators.","page_number":4,"box":{"x":515,"y":406,"width":140,"height":9}},{"id":"aceda4b8-0d12-41bf-b82f-1dad47fd3ab0","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":4,"box":{"x":515,"y":424,"width":398,"height":8}},{"id":"8a71b281-aca3-4ae6-b60c-a2ee20536e28","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":4,"box":{"x":515,"y":436,"width":408,"height":9}},{"id":"f44e14e9-eab8-4571-9611-2554ae81fed3","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":4,"box":{"x":515,"y":449,"width":426,"height":9}},{"id":"7e25b402-81e2-41bc-9c7f-f9c3a6ada384","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":4,"box":{"x":515,"y":462,"width":403,"height":7}},{"id":"fa792bca-c3a2-48fc-b96c-d768d08c32c0","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or com","page_number":4,"box":{"x":515,"y":475,"width":422,"height":9}},{"id":"9a333962-061f-455f-9330-db05a99b1b57","block_type":"box","text":"pleteness of this information.","page_number":4,"box":{"x":515,"y":488,"width":171,"height":8}},{"id":"fb4d4564-7996-49ae-9cd7-d1e3ca7daaeb","block_type":"box","text":"Data and metrics have been sourced as follows from the following con","page_number":4,"box":{"x":516,"y":505,"width":413,"height":9}},{"id":"a884c1e1-f5f7-4e3a-9bfa-c886a38a5990","block_type":"box","text":"tributors as of the date of this report, and are subject to their disclosures","page_number":4,"box":{"x":515,"y":518,"width":428,"height":9}},{"id":"137af328-5847-42be-9e37-4b87241d9bfd","block_type":"box","text":"below. All other data has been sourced by SSGA.","page_number":4,"box":{"x":515,"y":531,"width":289,"height":9}},{"id":"38887c07-8272-44b0-8cd9-aa45a6b790bd","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":4,"box":{"x":515,"y":548,"width":419,"height":8}},{"id":"4bbdfddb-cc3f-4f43-a266-6ab223bf1cca","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":4,"box":{"x":515,"y":561,"width":431,"height":9}},{"id":"c4c0fabc-a08b-4424-b3da-cc7a0a022877","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":4,"box":{"x":515,"y":574,"width":428,"height":9}},{"id":"d9f2879c-04b4-4b8e-adfb-21f17142af5b","block_type":"box","text":"and may have been used to calculate scores, signals, or other indica","page_number":4,"box":{"x":515,"y":587,"width":402,"height":9}},{"id":"2cc4b239-541f-4fe7-9c07-43385275912d","block_type":"box","text":"tors. The Information is for internal use only and may not be reproduced","page_number":4,"box":{"x":515,"y":600,"width":424,"height":8}},{"id":"4c9b2ff7-d75b-4e0a-8324-81bc85e6f97c","block_type":"box","text":"or disseminated in whole or part without prior written permission. The","page_number":4,"box":{"x":515,"y":613,"width":411,"height":8}},{"id":"5e5990da-a8a8-4e43-9fe7-3cbe5906e02b","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":4,"box":{"x":516,"y":625,"width":410,"height":9}},{"id":"6065313e-4f4f-4983-8cc3-b65f441582f7","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":4,"box":{"x":515,"y":638,"width":396,"height":9}},{"id":"8d1e57ae-d6e0-417f-a9c4-d731d7c2807e","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":4,"box":{"x":515,"y":651,"width":434,"height":9}},{"id":"c81204d6-ac7c-48a4-8d6f-5fad2b9b5ed3","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":4,"box":{"x":515,"y":664,"width":420,"height":9}},{"id":"3d479385-c19c-4270-8230-7d22dcaa560c","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":4,"box":{"x":515,"y":677,"width":422,"height":8}},{"id":"52053b16-8144-4fa7-8c0a-96e20d4e6b73","block_type":"box","text":"based on the fund’s assets under management or other measures. MSCI","page_number":4,"box":{"x":515,"y":690,"width":428,"height":8}},{"id":"00eb7cde-8785-4889-b3d7-64e9853c73b9","block_type":"box","text":"has established an information barrier between index research and cer","page_number":4,"box":{"x":515,"y":702,"width":420,"height":7}},{"id":"0e70a0eb-f8ca-4bdf-8e89-3155027d5ee9","block_type":"box","text":"tain Information. None of the Information in and of itself can be used to","page_number":4,"box":{"x":515,"y":715,"width":415,"height":7}},{"id":"42bdf937-323d-4b1f-b7a9-52a7d6196e99","block_type":"box","text":"determine which securities to buy or sell or when to buy or sell them. The","page_number":4,"box":{"x":515,"y":728,"width":429,"height":9}},{"id":"354eb304-eec4-456e-a159-f9af69fa6e06","block_type":"box","text":"Information is provided “as is” and the user assumes the entire risk of any","page_number":4,"box":{"x":516,"y":741,"width":430,"height":9}},{"id":"a2608260-19f0-4453-ab94-c8a2db54f8e5","block_type":"box","text":"use it may make or permit to be made of the Information. No MSCI Party","page_number":4,"box":{"x":515,"y":754,"width":426,"height":8}},{"id":"f999f967-8606-471d-a5a5-6a15965fe1ef","block_type":"box","text":"warrants or guarantees the originality, accuracy and/or completeness of","page_number":4,"box":{"x":515,"y":766,"width":428,"height":9}},{"id":"bf355665-4d11-4497-aab3-0e8c1c66f033","block_type":"box","text":"the Information and each expressly disclaims all express or implied war","page_number":4,"box":{"x":515,"y":779,"width":421,"height":9}},{"id":"62fc4809-4245-4be2-96f4-e0fd74616505","block_type":"box","text":"ranties. No MSCI Party shall have any liability for any errors or omissions","page_number":4,"box":{"x":515,"y":792,"width":426,"height":9}},{"id":"4588eb5f-6a85-4760-aaf2-991debf2265c","block_type":"box","text":"in connection with any Information herein, or any liability for any direct,","page_number":4,"box":{"x":515,"y":805,"width":416,"height":9}},{"id":"193cfaae-84e9-4801-ab99-a9aced28f70d","block_type":"box","text":"indirect, special, punitive, consequential or any other damages (including","page_number":4,"box":{"x":515,"y":818,"width":431,"height":9}},{"id":"6ff356fe-f19f-43b9-8147-fd93b4a02bcb","block_type":"box","text":"lost profits) even if notified of the possibility of such damages.","page_number":4,"box":{"x":515,"y":831,"width":363,"height":9}},{"id":"4baac375-6fe9-4e6e-b40a-17f30286ecde","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":4,"box":{"x":515,"y":848,"width":428,"height":9}},{"id":"e756bf7f-f226-4897-b355-a4ed8ab90126","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":4,"box":{"x":515,"y":861,"width":428,"height":9}},{"id":"fadcc240-040b-45f5-b435-efa9ae15343c","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":4,"box":{"x":515,"y":874,"width":415,"height":9}},{"id":"1913adee-8b65-459f-bf53-1d21ebd33aff","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in indus","page_number":4,"box":{"x":515,"y":887,"width":424,"height":9}},{"id":"2b4991bb-6c2b-4948-b60e-34f9dab31412","block_type":"box","text":"try sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":515,"y":900,"width":400,"height":8}},{"id":"764cb7b3-cd9b-4f61-8a5a-c5dde44d79c2","block_type":"box","text":"R-Factor scoring is designed by State Street to reflect certain sustain","page_number":4,"box":{"x":516,"y":917,"width":408,"height":9}},{"id":"e4d53f94-eee4-42cd-bf12-41ad05561f26","block_type":"box","text":"Report ID: 5088438.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"9557d47a-b5ef-406c-99f5-e1571f4a6acc","block_type":"box","text":"Published: 18 Nov 2025","page_number":4,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"6c8e3abd-9e66-4f15-b179-0a055796761b","block_type":"box","text":"P","page_number":4,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"58c623b4-dd14-4b9d-ba04-4bb6022588f6","block_type":"box","text":"a","page_number":4,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"d0887450-d5e5-4082-bbbe-cb77984fe1a5","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"230583c3-a0ff-462b-bbcc-514235dc6013","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"8f636c5a-5d01-40fa-a94f-7a025ad333d1","block_type":"box","text":"4","page_number":4,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"8826dbf2-52ae-4a1f-8b7d-af70b0dfeb38","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"02bfa317-4c0e-4f53-8d41-15ccbf5b90a4","block_type":"box","text":"5","page_number":4,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"f7125b10-4403-42eb-821c-ca8ab652a0c0","block_type":"box","text":"ability factors and does not represent investment performance. Results","page_number":5,"box":{"x":50,"y":35,"width":423,"height":9}},{"id":"330407d5-9bfe-46f9-a807-9b136b23b594","block_type":"box","text":"generated out of the scoring model are based on sustainability dimen","page_number":5,"box":{"x":50,"y":48,"width":410,"height":9}},{"id":"377b9b55-ebaf-47ea-8ddd-35ce81ba584a","block_type":"box","text":"sions of a scored entity.","page_number":5,"box":{"x":50,"y":61,"width":139,"height":8}},{"id":"700ec03e-1519-4d25-91e9-c0fef13037e0","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":5,"box":{"x":51,"y":78,"width":433,"height":9}},{"id":"23a51056-fa81-4e84-89df-864425aad4c0","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":5,"box":{"x":51,"y":91,"width":418,"height":9}},{"id":"a89e82bb-8304-4abe-ae33-35065950e49f","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered of","page_number":5,"box":{"x":50,"y":104,"width":415,"height":9}},{"id":"284bfcdc-5959-49f8-8b66-1483d7d17002","block_type":"box","text":"f","page_number":5,"box":{"x":464,"y":108,"width":4,"height":0}},{"id":"1a381838-a7e0-4357-92db-0580dbe359b0","block_type":"box","text":"fice: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone: 020","page_number":5,"box":{"x":50,"y":117,"width":430,"height":8}},{"id":"7797b5a5-81fd-4717-9b50-e56ef0ff65e8","block_type":"box","text":"3395 6000. Facsimile: 020 3395 6350 Web:","page_number":5,"box":{"x":50,"y":130,"width":264,"height":7}},{"id":"eb180e60-1110-42ff-a2e4-45c4d84b3d13","block_type":"box","text":"www.ssga.com","page_number":5,"box":{"x":317,"y":131,"width":88,"height":7}},{"id":"a4b67b9d-a34a-4deb-a994-597c4bcb9697","block_type":"box","text":".","page_number":5,"box":{"x":406,"y":135,"width":1,"height":1}},{"id":"8b9006a9-adf5-47e9-931b-646c261ac639","block_type":"box","text":"© 2025 State Street Corporation - All Rights Reserved.","page_number":5,"box":{"x":50,"y":159,"width":326,"height":9}},{"id":"f6f48ca2-4f62-4980-9fb3-089757447f72","block_type":"box","text":"Tracking Code: 7765755.1.5.EMEA.INST","page_number":5,"box":{"x":50,"y":171,"width":236,"height":9}},{"id":"292244af-07b9-4ed3-8ba6-e2e04e7b0743","block_type":"box","text":"Expiration Date: 10/31/2026","page_number":5,"box":{"x":51,"y":183,"width":163,"height":8}},{"id":"5789654f-1022-4169-8c41-b362ea03b58f","block_type":"box","text":"State Street Global Advisors Worldwide Entities","page_number":5,"box":{"x":50,"y":195,"width":284,"height":7}},{"id":"b21dc41a-40aa-4466-a4ce-4f7bb4cc4375","block_type":"box","text":"Report ID: 5088438.1","page_number":5,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"9cd66d1e-a4b4-4942-becc-7e12dbd4dfab","block_type":"box","text":"Published: 18 Nov 2025","page_number":5,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"ff627e2b-bfa1-4153-bfce-c7fba0d60d7b","block_type":"box","text":"P","page_number":5,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"bb4e7a98-79a8-4640-8318-87f0f23c2a3e","block_type":"box","text":"a","page_number":5,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"11a1c082-6390-420f-a23a-ab9a4ee7059d","block_type":"box","text":"g","page_number":5,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"d3f79358-983c-4ed2-a56b-8b8ed507fd48","block_type":"box","text":"e","page_number":5,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"a438a46c-1de7-4403-a102-6f16f85af173","block_type":"box","text":"5","page_number":5,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"c317da88-48e5-42a7-9fee-1c89c0deb3fe","block_type":"box","text":"of","page_number":5,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"f128c596-a5cc-44a9-a4cb-1444518ad1b3","block_type":"box","text":"5","page_number":5,"box":{"x":944,"y":968,"width":5,"height":6}}],"unit":"per_mille","page_width":595,"page_height":[{"value":841,"pages":[1]},{"value":842,"pages":[2,3,4,5]}],"attributes":{"chunk_type":"page_range","start_page":1,"end_page":5}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"d0b42d8d-5cf1-41bd-b0eb-9e98d15ab8f7"},"user_id":1000002,"date_created":"2026-10-05T20:53:11.843000Z","date_modified":"2026-10-05T20:53:11.843000Z","private":false}