{"annotation_id":"7481cb74-c7e1-4b3f-bcf4-e271f172b2e0","file_hash":"115db03260e3f9c29d0224009b9735aad3e009b8f80c454f170b52900780c5cf","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"39cf5c39-48bd-426a-974b-c141715fb5ec","block_type":"box","text":"Fund Objective","page_number":1,"box":{"x":47,"y":234,"width":106,"height":10}},{"id":"0fe893ed-e892-4852-bdb9-76511d081096","block_type":"box","text":"The investment objective of the Fund is to track the performance of","page_number":1,"box":{"x":46,"y":263,"width":437,"height":9}},{"id":"2bc1ff99-fcfd-4f4a-ba16-5f161693b508","block_type":"box","text":"the intermediate maturity U.S. Treasury bond market.","page_number":1,"box":{"x":46,"y":277,"width":342,"height":10}},{"id":"5e612781-80f6-4a43-9992-97ac76aa4718","block_type":"box","text":"Index Description","page_number":1,"box":{"x":47,"y":320,"width":124,"height":9}},{"id":"30013644-f221-4fa0-a93d-8b43dc2be6f7","block_type":"box","text":"The Index measures the performance of the U.S. Government bond","page_number":1,"box":{"x":46,"y":348,"width":436,"height":10}},{"id":"ac4aaa47-4971-4e80-8581-be8812f012f8","block_type":"box","text":"market and includes public obligations of the U.S. Treasury with a","page_number":1,"box":{"x":47,"y":362,"width":419,"height":10}},{"id":"94c127d4-ea9d-4713-a840-b97224fb8dc3","block_type":"box","text":"maturity of between seven and up to (but not including) ten years.","page_number":1,"box":{"x":47,"y":377,"width":422,"height":9}},{"id":"d07f1075-6e48-4d77-b53d-093a275e2a3b","block_type":"box","text":"Certain special issues, such as state and local government series","page_number":1,"box":{"x":46,"y":391,"width":420,"height":10}},{"id":"3ce6716d-6654-445d-b085-03d2d66ab577","block_type":"box","text":"bonds (SLGs), TIPS and STRIPS are excluded. Securities must","page_number":1,"box":{"x":47,"y":405,"width":402,"height":9}},{"id":"261cd574-1098-431b-838a-42f33ae7d90c","block_type":"box","text":"be fixed rate and rated investment grade, as defined by the Index","page_number":1,"box":{"x":47,"y":419,"width":419,"height":10}},{"id":"0b87f636-58d3-445f-aab5-4d4f5626a260","block_type":"box","text":"methodology.","page_number":1,"box":{"x":47,"y":434,"width":87,"height":9}},{"id":"f8359ef7-f24d-4376-a463-29a8ea80da56","block_type":"box","text":"Tax Status","page_number":1,"box":{"x":46,"y":476,"width":76,"height":8}},{"id":"f30cbf08-6f0a-4f75-8263-87d39aac8c1b","block_type":"box","text":"As standard, State Street Investment Management aims to meet","page_number":1,"box":{"x":46,"y":505,"width":419,"height":10}},{"id":"cb963390-02e9-4a2f-8b18-99ded2fcebba","block_type":"box","text":"all applicable tax reporting requirements for all of the SPDR ETFs in","page_number":1,"box":{"x":47,"y":519,"width":434,"height":10}},{"id":"419c5acd-abea-4a43-bbdc-3a8b3b7b758d","block_type":"box","text":"the following countries. Applications are made throughout the year","page_number":1,"box":{"x":46,"y":534,"width":431,"height":9}},{"id":"7963206e-ac02-4640-8410-2e9eae748590","block_type":"box","text":"depending on the time scale required by each local tax authority:","page_number":1,"box":{"x":46,"y":548,"width":418,"height":10}},{"id":"d35f40bc-7cfa-476c-8866-ae7d4ca34680","block_type":"box","text":"UK, Germany, Austria, Switzerland.","page_number":1,"box":{"x":47,"y":562,"width":222,"height":10}},{"id":"f7a9381c-f962-47af-959f-74e4e5f944a2","block_type":"box","text":"Countries of Registration","page_number":1,"box":{"x":46,"y":605,"width":177,"height":9}},{"id":"5d531258-a437-4b71-98bf-d07bbd4241e9","block_type":"box","text":"United Kingdom, Sweden, Spain, Norway, Netherlands, Luxembourg,","page_number":1,"box":{"x":47,"y":633,"width":440,"height":10}},{"id":"73fc46c5-bef6-408d-ae4e-f6bea7eba0a1","block_type":"box","text":"Italy, Ireland, Germany, France, Finland, Denmark, Austria","page_number":1,"box":{"x":47,"y":648,"width":366,"height":9}},{"id":"7f9b6333-3964-49fd-aa30-c33e2861d0c8","block_type":"box","text":"Fund Information","page_number":1,"box":{"x":515,"y":228,"width":97,"height":6}},{"id":"c0c59562-bd2a-4ddb-b216-3f3209c59063","block_type":"box","text":"ISIN","page_number":1,"box":{"x":515,"y":246,"width":21,"height":6}},{"id":"b06784aa-11a3-4758-b5d5-6b9f7a415968","block_type":"box","text":"IE000K22VCJ6","page_number":1,"box":{"x":684,"y":246,"width":89,"height":6}},{"id":"c4ac42f3-1d2f-434b-a508-ae663ef25b13","block_type":"box","text":"Index Name","page_number":1,"box":{"x":515,"y":262,"width":63,"height":6}},{"id":"81073d5a-fdba-4682-91da-99a06d391e5c","block_type":"box","text":"Bloomberg U.S. 7-10 Year Treasury Bond Index","page_number":1,"box":{"x":684,"y":262,"width":251,"height":7}},{"id":"41b7cf85-a47b-455a-8d46-b11efc1ff3ea","block_type":"box","text":"Index Ticker","page_number":1,"box":{"x":515,"y":278,"width":65,"height":6}},{"id":"0aa78fb4-8618-4337-b313-fa8ee6db2847","block_type":"box","text":"LT09TRUU","page_number":1,"box":{"x":684,"y":278,"width":61,"height":6}},{"id":"217ad1be-295f-445d-ba0e-5ef9adf72148","block_type":"box","text":"Index Type","page_number":1,"box":{"x":515,"y":294,"width":58,"height":7}},{"id":"5d72ec9d-cff8-4341-b1f7-fa7b90cfd174","block_type":"box","text":"Total Return","page_number":1,"box":{"x":684,"y":294,"width":65,"height":6}},{"id":"5958cdef-3a43-4687-a8a7-67f940e502d4","block_type":"box","text":"Number of Constituents","page_number":1,"box":{"x":515,"y":310,"width":127,"height":6}},{"id":"822e0efd-5f1f-4da5-8167-b3a61ac0e403","block_type":"box","text":"13","page_number":1,"box":{"x":685,"y":310,"width":14,"height":6}},{"id":"864b1515-cbdb-4664-9c76-e4b416a2a116","block_type":"box","text":"Key Facts","page_number":1,"box":{"x":515,"y":346,"width":55,"height":8}},{"id":"df81c0da-9cfc-4af5-a5b0-314f3837c77c","block_type":"box","text":"Inception Date","page_number":1,"box":{"x":515,"y":364,"width":77,"height":7}},{"id":"dfd0db93-0985-4987-8578-e0f33dcd4251","block_type":"box","text":"23-Feb-2026","page_number":1,"box":{"x":684,"y":364,"width":76,"height":6}},{"id":"e02176e7-a169-452f-814c-9dd17b081a6e","block_type":"box","text":"Share Class Currency","page_number":1,"box":{"x":515,"y":380,"width":116,"height":7}},{"id":"9161a163-8de6-4932-966c-48a164017bb3","block_type":"box","text":"USD","page_number":1,"box":{"x":684,"y":380,"width":24,"height":6}},{"id":"7b29eefb-d1de-4e99-b139-05f24dea9957","block_type":"box","text":"Fund — Base Currency","page_number":1,"box":{"x":515,"y":396,"width":124,"height":8}},{"id":"14826cff-f91d-4c18-80a1-075fb666af99","block_type":"box","text":"USD","page_number":1,"box":{"x":684,"y":396,"width":24,"height":6}},{"id":"4210f11b-e3bb-4f2d-bebe-17f1e573e66a","block_type":"box","text":"TER","page_number":1,"box":{"x":515,"y":412,"width":22,"height":6}},{"id":"8eebe485-5147-4a3f-bc77-4b4456e3b6b7","block_type":"box","text":"0.05%","page_number":1,"box":{"x":684,"y":412,"width":38,"height":6}},{"id":"e35c99c6-883a-4b3d-90e4-1803a293b08c","block_type":"box","text":"Income Treatment","page_number":1,"box":{"x":515,"y":428,"width":98,"height":6}},{"id":"7c9709ec-709f-478c-9e70-0d4e3583b0ff","block_type":"box","text":"Accumulation","page_number":1,"box":{"x":684,"y":428,"width":73,"height":6}},{"id":"86c95456-2525-47ba-9e82-66e43be97220","block_type":"box","text":"Replication Method","page_number":1,"box":{"x":515,"y":444,"width":103,"height":8}},{"id":"aea6e5b2-f33c-4aba-b896-f28370f1f4ba","block_type":"box","text":"Stratified Sampling","page_number":1,"box":{"x":684,"y":444,"width":101,"height":8}},{"id":"15f3b547-2c4d-4728-9544-9e570f9df47c","block_type":"box","text":"UCITS Compliant","page_number":1,"box":{"x":515,"y":460,"width":93,"height":8}},{"id":"1e4bfc70-e51e-4e67-9d51-4a193a71b0cc","block_type":"box","text":"Yes","page_number":1,"box":{"x":684,"y":460,"width":18,"height":6}},{"id":"0a30585e-8fe7-4759-860f-9d22f6bc9234","block_type":"box","text":"Domicile","page_number":1,"box":{"x":515,"y":476,"width":46,"height":7}},{"id":"b3822278-6bc5-4484-aa7b-4d486596bc3f","block_type":"box","text":"Ireland","page_number":1,"box":{"x":684,"y":476,"width":35,"height":7}},{"id":"1c291f7a-477a-45bd-8698-30c8e0d2f5a2","block_type":"box","text":"Investment Manager","page_number":1,"box":{"x":515,"y":493,"width":109,"height":7}},{"id":"238c0345-990d-4e9d-953f-0d46331d7e27","block_type":"box","text":"State Street Global Advisors Europe Limited","page_number":1,"box":{"x":684,"y":492,"width":234,"height":8}},{"id":"76c9b820-4a85-4c3e-b1f2-1c3382b261b9","block_type":"box","text":"Sub-Investment Manager(s)","page_number":1,"box":{"x":515,"y":508,"width":148,"height":8}},{"id":"d0c65655-eef2-4335-8831-1b9baf2cf8eb","block_type":"box","text":"State Street Global Advisors Limited","page_number":1,"box":{"x":684,"y":509,"width":193,"height":6}},{"id":"dba276ca-dc33-470c-b46a-dc5efcc70210","block_type":"box","text":"Fund Umbrella","page_number":1,"box":{"x":515,"y":525,"width":77,"height":6}},{"id":"041b70d4-c358-4d62-9846-d567c1722802","block_type":"box","text":"SSGA SPDR ETFs Europe I plc","page_number":1,"box":{"x":684,"y":525,"width":161,"height":7}},{"id":"d0f34055-e338-4895-95b5-2ab00712a517","block_type":"box","text":"Share Class Assets (millions)","page_number":1,"box":{"x":515,"y":541,"width":152,"height":7}},{"id":"a69e7984-653e-4790-a400-0f6baf4eba90","block_type":"box","text":"US$1.26","page_number":1,"box":{"x":684,"y":540,"width":51,"height":8}},{"id":"e11e74d3-7321-45ed-9e9d-a02508f9416e","block_type":"box","text":"Total Fund Assets (millions)","page_number":1,"box":{"x":515,"y":557,"width":145,"height":7}},{"id":"c66951a0-82c4-42dc-898d-4c651241d4f0","block_type":"box","text":"US$16.90","page_number":1,"box":{"x":684,"y":556,"width":59,"height":8}},{"id":"d3e4b4ef-662e-4f44-b359-a7da9f64674e","block_type":"box","text":"ISA Eligible","page_number":1,"box":{"x":515,"y":573,"width":58,"height":8}},{"id":"b61a23e4-0929-45f9-89b8-c8e0b8768f31","block_type":"box","text":"Yes","page_number":1,"box":{"x":684,"y":573,"width":18,"height":6}},{"id":"db3bb792-b621-4e65-94c1-1eb1ae9eca2f","block_type":"box","text":"SIPP Eligible","page_number":1,"box":{"x":515,"y":589,"width":65,"height":8}},{"id":"ff56facb-4142-46fa-bfda-dcb6d81fccd5","block_type":"box","text":"Yes","page_number":1,"box":{"x":684,"y":589,"width":18,"height":6}},{"id":"56e66632-e692-4fee-beed-8273bdad9e4a","block_type":"box","text":"PEA Eligible","page_number":1,"box":{"x":515,"y":605,"width":63,"height":8}},{"id":"bb25409f-9a19-425a-878a-8755a8aa36e3","block_type":"box","text":"No","page_number":1,"box":{"x":684,"y":605,"width":14,"height":6}},{"id":"124e8544-a21f-4e9c-af9d-2f9a5d172c7a","block_type":"box","text":"Listings","page_number":1,"box":{"x":47,"y":681,"width":43,"height":8}},{"id":"7c5ed243-4543-4702-9c37-f0e155850234","block_type":"box","text":"Exchange","page_number":1,"box":{"x":47,"y":697,"width":54,"height":8}},{"id":"aa32569c-9994-4b8d-a6b7-1bec77719711","block_type":"box","text":"Exchange Ticker","page_number":1,"box":{"x":259,"y":697,"width":94,"height":8}},{"id":"820a4176-03bf-43e5-9b0a-e6f4dd2422d7","block_type":"box","text":"Trading Currency","page_number":1,"box":{"x":375,"y":697,"width":101,"height":8}},{"id":"7b37bcde-0602-43c0-94d9-7f4d596a6ad2","block_type":"box","text":"iNAV Ticker","page_number":1,"box":{"x":493,"y":697,"width":68,"height":6}},{"id":"8aedc9fb-68e5-48fa-a948-18afaf3c77f0","block_type":"box","text":"Bloomberg Code","page_number":1,"box":{"x":610,"y":697,"width":95,"height":8}},{"id":"60ca2481-63f0-4d16-b9be-9e5626ee3d2b","block_type":"box","text":"Reuters Code","page_number":1,"box":{"x":727,"y":697,"width":77,"height":6}},{"id":"3a0d3e85-f727-48fe-baf9-33ae2e832489","block_type":"box","text":"SEDOL Code","page_number":1,"box":{"x":844,"y":697,"width":73,"height":6}},{"id":"ef3bd725-44ef-4fc1-a968-c69736a3dec6","block_type":"box","text":"Borsa Italiana*","page_number":1,"box":{"x":47,"y":714,"width":76,"height":6}},{"id":"d0a3d939-0407-4ac6-a1df-4c5e73fbe79c","block_type":"box","text":"TRAX","page_number":1,"box":{"x":258,"y":714,"width":32,"height":6}},{"id":"a2e12318-3fb0-4449-bb53-429d750b4ce1","block_type":"box","text":"EUR","page_number":1,"box":{"x":376,"y":714,"width":22,"height":6}},{"id":"87965828-a0f3-40a1-b3e2-0b11e756891d","block_type":"box","text":"INTRAXE","page_number":1,"box":{"x":493,"y":714,"width":50,"height":6}},{"id":"0f0d5a68-8b51-4071-8a97-2c4430b64468","block_type":"box","text":"TRAX IM","page_number":1,"box":{"x":610,"y":714,"width":47,"height":6}},{"id":"659ee79d-4dd2-43de-b92c-1e8b0b8e67c1","block_type":"box","text":"TRAX.MI","page_number":1,"box":{"x":727,"y":714,"width":47,"height":6}},{"id":"e174e2a7-8e42-4ee5-a1de-502fa9b5945c","block_type":"box","text":"BSHQ7B6","page_number":1,"box":{"x":845,"y":714,"width":56,"height":6}},{"id":"5c1d4cc0-46b1-48ac-a6f9-9ede3aca0b08","block_type":"box","text":"London Stock Exchange","page_number":1,"box":{"x":47,"y":730,"width":128,"height":7}},{"id":"4433da55-7413-4dc5-abe9-48751a940849","block_type":"box","text":"TRAX","page_number":1,"box":{"x":258,"y":730,"width":32,"height":6}},{"id":"436bc88f-6ca2-4b0a-8294-6de7a59db99a","block_type":"box","text":"USD","page_number":1,"box":{"x":376,"y":730,"width":23,"height":6}},{"id":"389104a8-1aa0-4ff4-9d59-a1af53ce4779","block_type":"box","text":"INTRAXU","page_number":1,"box":{"x":493,"y":730,"width":51,"height":6}},{"id":"fd351ba8-0d29-4578-9b7a-5059d852b7a1","block_type":"box","text":"TRAX LN","page_number":1,"box":{"x":610,"y":730,"width":49,"height":6}},{"id":"d7c29827-8ffb-4c5b-b375-f4d92335a5b0","block_type":"box","text":"TRAX.L","page_number":1,"box":{"x":727,"y":730,"width":42,"height":6}},{"id":"00ef203c-da02-478d-a15b-00dee017072f","block_type":"box","text":"BSSBCQ0","page_number":1,"box":{"x":845,"y":730,"width":55,"height":6}},{"id":"22a11aed-b40b-471c-9b14-cbbb461c3a60","block_type":"box","text":"Bolsa Mexicana de Valores","page_number":1,"box":{"x":47,"y":746,"width":141,"height":6}},{"id":"39eddbe2-c52d-4b68-8c8e-1cc43dcb6897","block_type":"box","text":"TRAX1N","page_number":1,"box":{"x":258,"y":746,"width":48,"height":6}},{"id":"c7f9d7a2-ac15-4418-a59d-09cb52d2bcdf","block_type":"box","text":"MXN","page_number":1,"box":{"x":376,"y":746,"width":25,"height":6}},{"id":"ecc86619-2f08-45c9-af9c-ca958f79c89d","block_type":"box","text":"INTRAXM","page_number":1,"box":{"x":493,"y":746,"width":53,"height":6}},{"id":"e311fd87-740a-462a-bad8-c0ebb13099ed","block_type":"box","text":"TRAX1N MM","page_number":1,"box":{"x":610,"y":746,"width":70,"height":6}},{"id":"27288df8-5d5c-4bce-afd7-03f41a35edd3","block_type":"box","text":"TRAX1N.MX","page_number":1,"box":{"x":727,"y":746,"width":69,"height":6}},{"id":"6a4a6e32-bf87-43d8-aa62-97f8ebf9646f","block_type":"box","text":"BQKXVT6","page_number":1,"box":{"x":845,"y":746,"width":56,"height":6}},{"id":"924f3c94-5ec1-46d8-bd77-cfe94e974df1","block_type":"box","text":"*Denotes Primary Listing","page_number":1,"box":{"x":46,"y":764,"width":129,"height":8}},{"id":"737010c2-756c-46a5-9d59-0d2cd36d3ebe","block_type":"box","text":"1","page_number":1,"box":{"x":515,"y":962,"width":3,"height":8}},{"id":"533f34bb-8395-48d4-905e-ea12737719ff","block_type":"box","text":"State Street","page_number":1,"box":{"x":47,"y":66,"width":220,"height":19}},{"id":"c828aff2-c70a-4078-b8d1-e31995a16dfa","block_type":"box","text":"®","page_number":1,"box":{"x":268,"y":64,"width":9,"height":7}},{"id":"3826a1ee-f789-4e05-963f-09de5fdc2d6a","block_type":"box","text":"SPDR","page_number":1,"box":{"x":278,"y":66,"width":111,"height":19}},{"id":"50dc2ccb-af44-44be-901c-2bee37688a7e","block_type":"box","text":"®","page_number":1,"box":{"x":390,"y":64,"width":9,"height":7}},{"id":"d7259cf9-0d63-46a1-860c-6b1070c301a9","block_type":"box","text":"Bloomberg 7-10 Year","page_number":1,"box":{"x":48,"y":97,"width":376,"height":24}},{"id":"cee33ec4-1668-4a27-953c-f30eb8598868","block_type":"box","text":"U.S. Treasury Bond","page_number":1,"box":{"x":48,"y":128,"width":356,"height":24}},{"id":"ef96158c-eaca-4dce-8d56-7c04e81f8f4b","block_type":"box","text":"UCITS ETF (Acc)","page_number":1,"box":{"x":48,"y":158,"width":305,"height":22}},{"id":"8d22889d-6e88-4ee9-a864-b18e845a33db","block_type":"box","text":"Fact Sheet","page_number":1,"box":{"x":516,"y":47,"width":86,"height":10}},{"id":"b0563ff8-ac6c-4aec-bcc7-e135782bf682","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":516,"y":66,"width":117,"height":9}},{"id":"47524c47-34d7-4b9e-93e5-405d6cabb7e5","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":749,"y":47,"width":178,"height":12}},{"id":"6a784a2c-04f8-4502-a008-c6346ae27667","block_type":"box","text":"2","page_number":2,"box":{"x":515,"y":962,"width":8,"height":8}},{"id":"06f67e1a-d691-49e6-a259-dc82c0b7cba1","block_type":"box","text":"Capital Risk: Investing involves risk including the risk of loss of capital.","page_number":2,"box":{"x":46,"y":905,"width":386,"height":7}},{"id":"77a4ec4b-065b-451b-b82e-d0cc29157a8e","block_type":"box","text":"The performance data quoted represents past performance. Past performance does not guarantee future results.","page_number":2,"box":{"x":46,"y":915,"width":629,"height":8}},{"id":"723fc827-9b71-4119-9aaa-be5413feff33","block_type":"box","text":"Performance of the fund is not shown as the inception date of","page_number":2,"box":{"x":47,"y":47,"width":424,"height":9}},{"id":"eaf1a3ee-b935-4685-b569-750a2b0d4e19","block_type":"box","text":"the fund is less than 12 months.","page_number":2,"box":{"x":46,"y":59,"width":213,"height":7}},{"id":"a9fdaf70-67bf-40d0-be95-da4338683728","block_type":"box","text":"Characteristics","page_number":2,"box":{"x":46,"y":91,"width":88,"height":6}},{"id":"7bbf70f6-d147-4a10-9bba-3dcfb8013609","block_type":"box","text":"Number of Holdings","page_number":2,"box":{"x":47,"y":107,"width":105,"height":8}},{"id":"dc88e203-c7d3-406b-a6fc-56c7947b9335","block_type":"box","text":"18","page_number":2,"box":{"x":290,"y":107,"width":13,"height":7}},{"id":"caf1a93c-8651-4ac3-84dc-953213587b4c","block_type":"box","text":"Average Maturity in Years","page_number":2,"box":{"x":46,"y":124,"width":136,"height":7}},{"id":"2c464341-abd0-4a02-883e-bd6c6fa01ef6","block_type":"box","text":"8.47","page_number":2,"box":{"x":289,"y":123,"width":26,"height":7}},{"id":"faa1b077-3960-4200-b5f6-b94fc5fa8fe0","block_type":"box","text":"Effective Convexity","page_number":2,"box":{"x":47,"y":140,"width":102,"height":7}},{"id":"d0f0bd95-9265-4a66-aea7-5a1cdf1799ac","block_type":"box","text":"0.57%","page_number":2,"box":{"x":289,"y":140,"width":37,"height":6}},{"id":"2d2c9d6f-63e7-4df7-a40f-022517d08f28","block_type":"box","text":"Effective Duration","page_number":2,"box":{"x":47,"y":156,"width":94,"height":6}},{"id":"b53aef24-8b41-4f90-a807-ae08719f0c2f","block_type":"box","text":"6.90","page_number":2,"box":{"x":289,"y":156,"width":27,"height":6}},{"id":"72412e1d-1dc2-4e7c-8946-41b0e849e31e","block_type":"box","text":"Yield to Maturity","page_number":2,"box":{"x":46,"y":172,"width":87,"height":7}},{"id":"9938b87e-fe4c-4fe3-9a67-3e517c763c16","block_type":"box","text":"5.24%","page_number":2,"box":{"x":289,"y":172,"width":37,"height":6}},{"id":"9880623e-520e-4094-a901-2fb3092251c4","block_type":"box","text":"Source: State Street Investment Management Characteristics, holdings, country","page_number":2,"box":{"x":46,"y":190,"width":413,"height":8}},{"id":"53bc557d-3f40-4a88-a3d1-b54d2f17bba5","block_type":"box","text":"allocations and sectors shown are as of date indicated at the top of this factsheet","page_number":2,"box":{"x":46,"y":201,"width":416,"height":7}},{"id":"f5d37ab7-947a-4e36-927c-fd01e38b2d89","block_type":"box","text":"and are subject to change. Any reference to a specific company or security does not","page_number":2,"box":{"x":46,"y":211,"width":433,"height":8}},{"id":"cf7277cf-376e-4444-84c8-f7a97c4bf4a8","block_type":"box","text":"constitute a recommendation to buy, sell, hold or invest directly in such company or","page_number":2,"box":{"x":46,"y":222,"width":428,"height":8}},{"id":"ef13a7ed-ec62-48df-9dfe-1dcb730337c6","block_type":"box","text":"securities.","page_number":2,"box":{"x":46,"y":233,"width":52,"height":6}},{"id":"0c2818f2-1027-4bc1-b67d-371a963ee38d","block_type":"box","text":"Top 10 Holdings","page_number":2,"box":{"x":46,"y":263,"width":93,"height":8}},{"id":"ea7f7e6d-cb71-4594-a52e-62a2255fc405","block_type":"box","text":"Weight (%)","page_number":2,"box":{"x":416,"y":263,"width":62,"height":8}},{"id":"989c1806-c6e1-4877-acdc-aac0b50bcca1","block_type":"box","text":"US TREASURY N/B 4.625 02/15/2035","page_number":2,"box":{"x":47,"y":280,"width":219,"height":7}},{"id":"2f8c576e-f5da-44fa-8687-049279c36aa7","block_type":"box","text":"8.88","page_number":2,"box":{"x":451,"y":280,"width":27,"height":6}},{"id":"4f618365-d146-4c34-a8d8-3fd7dbb93505","block_type":"box","text":"US TREASURY N/B 4.125 02/15/2036","page_number":2,"box":{"x":47,"y":296,"width":219,"height":7}},{"id":"9b85561e-0c89-418a-b963-3f0248b652f1","block_type":"box","text":"8.81","page_number":2,"box":{"x":451,"y":296,"width":26,"height":6}},{"id":"b4d3ab4f-40db-48d1-924e-d9bc9955c381","block_type":"box","text":"US TREASURY N/B 4.25 11/15/2034","page_number":2,"box":{"x":47,"y":312,"width":211,"height":7}},{"id":"db791fc9-d5f8-49bc-bda6-7a45dcb9cf4d","block_type":"box","text":"8.78","page_number":2,"box":{"x":451,"y":312,"width":27,"height":6}},{"id":"1126f0ca-1ac7-46c7-95ba-cafa34731421","block_type":"box","text":"US TREASURY N/B 4.25 05/15/2035","page_number":2,"box":{"x":47,"y":328,"width":211,"height":7}},{"id":"e9e97af8-9b75-44f7-a87b-a6f4a28f7fe2","block_type":"box","text":"8.74","page_number":2,"box":{"x":451,"y":328,"width":27,"height":6}},{"id":"6cdca0ab-817b-498f-8a31-c350d61e085c","block_type":"box","text":"US TREASURY N/B 4.25 08/15/2035","page_number":2,"box":{"x":47,"y":344,"width":211,"height":7}},{"id":"6efc3946-9d88-4583-b74f-4aec242cb449","block_type":"box","text":"8.65","page_number":2,"box":{"x":451,"y":344,"width":26,"height":6}},{"id":"5d1d7626-2641-4060-9ae7-9e95850ae526","block_type":"box","text":"US TREASURY N/B 4 11/15/2035","page_number":2,"box":{"x":47,"y":360,"width":190,"height":7}},{"id":"8c196115-c328-4853-aead-b18c5c99e62f","block_type":"box","text":"8.51","page_number":2,"box":{"x":451,"y":360,"width":26,"height":7}},{"id":"f4ecf114-bd98-458d-a32c-b6e92584dce2","block_type":"box","text":"US TREASURY N/B 3.875 08/15/2034","page_number":2,"box":{"x":47,"y":376,"width":219,"height":7}},{"id":"847afd56-a9dc-4ec5-bdb5-e5feaccaffd9","block_type":"box","text":"8.50","page_number":2,"box":{"x":451,"y":376,"width":27,"height":7}},{"id":"68e1d627-42e1-46a4-9d31-29decd8355d6","block_type":"box","text":"US TREASURY N/B 4.25 05/15/2036","page_number":2,"box":{"x":47,"y":392,"width":211,"height":7}},{"id":"fb5a8fd6-ad81-4287-a50f-79c1f6fe4e54","block_type":"box","text":"8.45","page_number":2,"box":{"x":451,"y":393,"width":26,"height":6}},{"id":"d39699dd-becf-4239-a685-0543e51c4bb5","block_type":"box","text":"US TREASURY N/B 4.5 11/15/2033","page_number":2,"box":{"x":47,"y":408,"width":202,"height":7}},{"id":"1884fd53-0b43-45bb-a3df-34dd56ad1497","block_type":"box","text":"8.36","page_number":2,"box":{"x":451,"y":409,"width":27,"height":6}},{"id":"312509a2-f47d-4a00-964d-3e6fac95be04","block_type":"box","text":"US TREASURY N/B 4.375 05/15/2034","page_number":2,"box":{"x":47,"y":425,"width":219,"height":7}},{"id":"f84a4b0b-7933-4d2e-9d62-e75a70f8cf0b","block_type":"box","text":"8.21","page_number":2,"box":{"x":451,"y":425,"width":26,"height":6}},{"id":"aa7249ca-5d9a-4ca7-875a-1f4817a4e2fd","block_type":"box","text":"Credit Quality Breakdown","page_number":2,"box":{"x":46,"y":461,"width":147,"height":8}},{"id":"530c8e56-628f-4988-8887-3d3033da0969","block_type":"box","text":"Weight (%)","page_number":2,"box":{"x":416,"y":461,"width":62,"height":8}},{"id":"8f361360-2e96-43ae-a797-45e5fbf53d1d","block_type":"box","text":"Aaa","page_number":2,"box":{"x":46,"y":478,"width":22,"height":6}},{"id":"97955f81-85bf-47a1-ba69-7d048de7583d","block_type":"box","text":"0.08","page_number":2,"box":{"x":451,"y":477,"width":27,"height":7}},{"id":"8154e29e-e2f7-4c9d-a100-9af2ed9d36a5","block_type":"box","text":"Aa","page_number":2,"box":{"x":46,"y":494,"width":15,"height":6}},{"id":"fc354d93-9d97-4d31-b2ee-6abc90c511e8","block_type":"box","text":"99.92","page_number":2,"box":{"x":443,"y":494,"width":34,"height":6}},{"id":"0d63fc74-9bf0-4d76-a7ac-221eb048b57d","block_type":"box","text":"Credit quality rating is based on an average of Moody's, S&P, and Fitch.","page_number":2,"box":{"x":46,"y":512,"width":362,"height":8}},{"id":"e48d001c-e9db-4a54-9799-7d6787ffee71","block_type":"box","text":"Sector Breakdown","page_number":2,"box":{"x":46,"y":542,"width":106,"height":7}},{"id":"ad29fc4d-5b9f-4ddf-8c06-0beb3c612e65","block_type":"box","text":"Weight (%)","page_number":2,"box":{"x":416,"y":542,"width":62,"height":8}},{"id":"128e31f5-cb83-454d-af90-d8e6fc0a01d9","block_type":"box","text":"Treasury","page_number":2,"box":{"x":46,"y":559,"width":48,"height":8}},{"id":"e600aef9-b994-4c3b-8ddf-aee505a58c38","block_type":"box","text":"99.92","page_number":2,"box":{"x":443,"y":559,"width":34,"height":6}},{"id":"1228f96d-8f15-462d-817a-9cb78351d98b","block_type":"box","text":"Cash","page_number":2,"box":{"x":46,"y":575,"width":27,"height":6}},{"id":"9accfa5a-7e88-40ef-b2ab-53c6fa996661","block_type":"box","text":"0.08","page_number":2,"box":{"x":451,"y":575,"width":27,"height":6}},{"id":"e9b19740-bd8c-4e97-806d-67eeabbcad07","block_type":"box","text":"Maturity Breakdown","page_number":2,"box":{"x":47,"y":611,"width":115,"height":8}},{"id":"82563fec-8077-4f21-9344-c1fbc3f9b0b1","block_type":"box","text":"Weight (%)","page_number":2,"box":{"x":416,"y":611,"width":62,"height":8}},{"id":"2afdb63a-8a78-4a4f-b535-5dc7fbdffaee","block_type":"box","text":"0 - 1 Year","page_number":2,"box":{"x":46,"y":628,"width":52,"height":6}},{"id":"4c94fb96-b9b5-4632-a07f-99e40267bf5a","block_type":"box","text":"0.08","page_number":2,"box":{"x":451,"y":628,"width":27,"height":6}},{"id":"1874d0cd-055f-4a0a-a9b1-62f6f5cdbf60","block_type":"box","text":"7 - 10 Years","page_number":2,"box":{"x":47,"y":644,"width":65,"height":6}},{"id":"e3c9e957-8e28-46e7-aa89-97a50d76e6d6","block_type":"box","text":"99.92","page_number":2,"box":{"x":443,"y":644,"width":34,"height":6}},{"id":"bcc8660c-474b-42d2-91bc-8be1de944de3","block_type":"box","text":"Country Weights","page_number":2,"box":{"x":46,"y":680,"width":96,"height":8}},{"id":"a9fa66f9-5b66-4496-89cd-ca970ec3f5f1","block_type":"box","text":"Weight (%)","page_number":2,"box":{"x":416,"y":680,"width":62,"height":8}},{"id":"4ae51c9a-118d-4a05-a09a-4ad766a13193","block_type":"box","text":"United States","page_number":2,"box":{"x":47,"y":696,"width":71,"height":7}},{"id":"9be4a2e8-5ad5-4578-9c39-df48e3de0009","block_type":"box","text":"99.99","page_number":2,"box":{"x":443,"y":696,"width":35,"height":7}},{"id":"9e56a561-f9e2-427b-81a4-6a577b952ff2","block_type":"box","text":"Contact Us","page_number":2,"box":{"x":515,"y":49,"width":79,"height":8}},{"id":"98e026b1-eb77-4ebb-a144-a1e717de0c76","block_type":"box","text":"Visit our website at","page_number":2,"box":{"x":515,"y":78,"width":125,"height":7}},{"id":"52c15a1b-2f56-420d-b27b-da7b7a3cac6c","block_type":"box","text":"ssga.com/etfs","page_number":2,"box":{"x":640,"y":77,"width":91,"height":10}},{"id":"8268d1a8-74cf-4bf9-a2b8-46f8e79c6b17","block_type":"box","text":"or contact your local SPDR ETF","page_number":2,"box":{"x":731,"y":77,"width":210,"height":10}},{"id":"bd65cb95-fb54-426d-8ac9-6b9db622a3de","block_type":"box","text":"representative. Alternatively contact our SPDR ETF Sales and","page_number":2,"box":{"x":516,"y":92,"width":401,"height":9}},{"id":"5b8e3175-44a0-442c-9f45-46e601d83eb1","block_type":"box","text":"Support team at","page_number":2,"box":{"x":515,"y":106,"width":109,"height":10}},{"id":"daca9a08-1c68-4172-ae9e-e239a30fcab9","block_type":"box","text":"spdrseurope","page_number":2,"box":{"x":624,"y":106,"width":83,"height":10}},{"id":"c500a70f-7294-46c8-9b32-c10442638728","block_type":"box","text":"@ssga.com","page_number":2,"box":{"x":708,"y":107,"width":73,"height":9}},{"id":"3ac9ff7c-53a4-4eed-8670-43b8468398e9","block_type":"box","text":".","page_number":2,"box":{"x":782,"y":112,"width":2,"height":2}},{"id":"8b0e83be-d33a-4c8a-ab0f-560877440064","block_type":"box","text":"France & Luxembourg","page_number":2,"box":{"x":515,"y":130,"width":157,"height":10}},{"id":"963718fa-c24b-4d60-a2bf-8402a1ddde9c","block_type":"box","text":"spdretf_france@ssga.com","page_number":2,"box":{"x":515,"y":145,"width":173,"height":9}},{"id":"81a186b7-f596-4f97-afb4-34633eaa2848","block_type":"box","text":"+33 1 44 45 40 00","page_number":2,"box":{"x":516,"y":159,"width":121,"height":8}},{"id":"1e2c1765-f72c-4678-9191-df622b8ac80a","block_type":"box","text":"Germany","page_number":2,"box":{"x":749,"y":130,"width":67,"height":10}},{"id":"557b7384-15a8-4918-82c7-3939e2249a58","block_type":"box","text":"spdrsgermany@ssga.com","page_number":2,"box":{"x":749,"y":145,"width":171,"height":9}},{"id":"70a98e9d-5dbf-4170-b841-904dcfdb56bc","block_type":"box","text":"+49 69 66774 5016","page_number":2,"box":{"x":750,"y":159,"width":130,"height":8}},{"id":"07db39b8-a6ff-499f-9b02-ad6322f4ca7a","block_type":"box","text":"Italy","page_number":2,"box":{"x":515,"y":180,"width":31,"height":9}},{"id":"37ebc68e-6a3a-4cf8-8a82-3ba89c273147","block_type":"box","text":"spdretf_italia@ssga.com","page_number":2,"box":{"x":515,"y":194,"width":161,"height":10}},{"id":"38165b1e-e5a0-45d4-99fe-21d0b93fd0e4","block_type":"box","text":"+39 0232066 140","page_number":2,"box":{"x":516,"y":208,"width":120,"height":8}},{"id":"792a692e-234d-49eb-83bb-259a49a8c81c","block_type":"box","text":"Netherlands","page_number":2,"box":{"x":750,"y":180,"width":87,"height":8}},{"id":"82982408-b707-4b2f-997b-4b502e8255d1","block_type":"box","text":"spdr_nl@ssga.com","page_number":2,"box":{"x":749,"y":194,"width":124,"height":10}},{"id":"ab5af848-5ddd-4030-9a2c-416244596e16","block_type":"box","text":"+31 (0)20-7181071","page_number":2,"box":{"x":750,"y":208,"width":115,"height":9}},{"id":"57b95fe0-318b-421a-9558-af44222cc6e8","block_type":"box","text":"Nordics","page_number":2,"box":{"x":515,"y":229,"width":55,"height":8}},{"id":"4e134e4f-aeee-4872-8d63-85be120c5322","block_type":"box","text":"spdrseurope@ssga.com","page_number":2,"box":{"x":515,"y":244,"width":160,"height":9}},{"id":"0183493d-ed8c-4bab-847b-cbd29e1c6d3b","block_type":"box","text":"+31 (0)20-7181071","page_number":2,"box":{"x":516,"y":258,"width":115,"height":8}},{"id":"a9f28390-7f10-4ae2-93d2-502a7caab3d9","block_type":"box","text":"Spain","page_number":2,"box":{"x":749,"y":229,"width":40,"height":10}},{"id":"7c8dc3cc-7ad1-4d33-a94a-1e772b77ca7a","block_type":"box","text":"spdrseurope@ssga.com","page_number":2,"box":{"x":749,"y":244,"width":160,"height":9}},{"id":"865c811f-4322-4d41-b834-dad37408bc2a","block_type":"box","text":"+39 0232066 140","page_number":2,"box":{"x":750,"y":258,"width":120,"height":8}},{"id":"388e530e-7455-430d-b1f0-8c0cf3647fb6","block_type":"box","text":"Switzerland","page_number":2,"box":{"x":515,"y":279,"width":84,"height":8}},{"id":"af5e0d7b-0d11-4b4e-b699-115517615988","block_type":"box","text":"spdrsswitzerland@ssga.com","page_number":2,"box":{"x":515,"y":293,"width":188,"height":10}},{"id":"adb315de-907c-431c-81dd-20c9db8d73db","block_type":"box","text":"+ 41 (0)44 245 70 00","page_number":2,"box":{"x":516,"y":307,"width":139,"height":9}},{"id":"a9294986-60c4-4819-bc00-b4bec6c44732","block_type":"box","text":"United Kingdom","page_number":2,"box":{"x":750,"y":279,"width":113,"height":9}},{"id":"b4221d64-ea17-4e56-97b0-700acc91037e","block_type":"box","text":"spdrseurope@ssga.com","page_number":2,"box":{"x":749,"y":293,"width":160,"height":10}},{"id":"1e12a117-2548-4373-ac86-7ba87cb1aa7c","block_type":"box","text":"+44 (0) 203 395 6888","page_number":2,"box":{"x":750,"y":307,"width":148,"height":9}},{"id":"d4fa9aa1-603b-416a-a926-779b6fc0ff06","block_type":"box","text":"3","page_number":3,"box":{"x":515,"y":962,"width":8,"height":8}},{"id":"f187fb07-5d65-44b5-b118-7169921ecad6","block_type":"box","text":"ssga.com/etfs","page_number":3,"box":{"x":46,"y":253,"width":124,"height":12}},{"id":"9f63e900-ee90-4de7-8874-e625d379dbd3","block_type":"box","text":"State Street Global Advisors (SSGA) is now","page_number":3,"box":{"x":46,"y":276,"width":201,"height":7}},{"id":"3b431516-85fb-4a80-9484-b82daca6f6e7","block_type":"box","text":"State Street Investment Management.","page_number":3,"box":{"x":46,"y":285,"width":180,"height":8}},{"id":"f430cff2-0e9f-4347-b6b8-08e37ff42e7c","block_type":"box","text":"Please go to","page_number":3,"box":{"x":46,"y":295,"width":56,"height":7}},{"id":"cf5dac77-e003-4603-a01c-2513ad286c1e","block_type":"box","text":"statestreet.com/investment","page_number":3,"box":{"x":105,"y":295,"width":136,"height":7}},{"id":"f1b8f3a7-fae4-4b7d-bf19-a2b7742bfa20","block_type":"box","text":"management","page_number":3,"box":{"x":46,"y":305,"width":63,"height":7}},{"id":"6fa32727-57be-40e8-939a-a7873b343d0c","block_type":"box","text":"for more information.","page_number":3,"box":{"x":111,"y":304,"width":101,"height":6}},{"id":"8e04e16b-5181-4470-990f-c8f90e25eb65","block_type":"box","text":"Glossary","page_number":3,"box":{"x":46,"y":334,"width":41,"height":8}},{"id":"efb86844-612d-4522-b19a-3047b3155711","block_type":"box","text":"Effective Convexity","page_number":3,"box":{"x":46,"y":353,"width":91,"height":8}},{"id":"808ce241-82f4-47d5-89f3-c99c61e41f81","block_type":"box","text":"A measure of the","page_number":3,"box":{"x":144,"y":353,"width":72,"height":6}},{"id":"712c7555-c46d-4786-af1f-7453b135a961","block_type":"box","text":"curvature in the relationship between bond","page_number":3,"box":{"x":46,"y":363,"width":182,"height":7}},{"id":"67ee9337-a7d9-46ce-97b2-1470d0083803","block_type":"box","text":"prices and bond yields that demonstrates how","page_number":3,"box":{"x":47,"y":372,"width":196,"height":8}},{"id":"969061b5-36af-442c-aa6a-39963bfbf557","block_type":"box","text":"the duration of a bond changes as the interest","page_number":3,"box":{"x":46,"y":382,"width":194,"height":7}},{"id":"a69551ef-dc2d-4563-9bbd-9869ab4f5dc9","block_type":"box","text":"rate changes.","page_number":3,"box":{"x":47,"y":391,"width":56,"height":8}},{"id":"4168136a-0d9e-4d05-9813-be0a8ee1e835","block_type":"box","text":"Effective Duration","page_number":3,"box":{"x":46,"y":401,"width":85,"height":6}},{"id":"3304324f-3bbf-4d5a-927b-527024498e49","block_type":"box","text":"A duration calculation for","page_number":3,"box":{"x":138,"y":401,"width":107,"height":6}},{"id":"6485c8cd-7284-4945-a7c5-c4e131dcbb4f","block_type":"box","text":"bonds that have embedded options. This","page_number":3,"box":{"x":47,"y":410,"width":172,"height":8}},{"id":"54cc9bb9-96a3-4aa6-8e37-b4951094c1f4","block_type":"box","text":"measure of duration takes into account the fact","page_number":3,"box":{"x":47,"y":420,"width":200,"height":6}},{"id":"f4551c03-3dd3-4ad1-afc8-e00755308539","block_type":"box","text":"that expected cash flows will fluctuate as","page_number":3,"box":{"x":46,"y":429,"width":174,"height":8}},{"id":"8966f05a-3e29-434d-85f9-394a75a09711","block_type":"box","text":"interest rates change. Effective duration can be","page_number":3,"box":{"x":47,"y":439,"width":198,"height":7}},{"id":"5cefaa2d-a17e-48a7-96e9-90a07a69a847","block_type":"box","text":"estimated using modified duration if a bond","page_number":3,"box":{"x":46,"y":448,"width":184,"height":8}},{"id":"1bdb4b4e-5422-483a-8a68-d0ffb11aae24","block_type":"box","text":"with embedded options behaves like an","page_number":3,"box":{"x":46,"y":458,"width":167,"height":7}},{"id":"3b03e598-f917-4215-ba42-94e642e228aa","block_type":"box","text":"option-free bond.","page_number":3,"box":{"x":46,"y":467,"width":73,"height":8}},{"id":"f4b91126-66ad-4dae-bec7-8d9c2c7fffdb","block_type":"box","text":"Yield to Maturity","page_number":3,"box":{"x":46,"y":477,"width":79,"height":7}},{"id":"4c01b51b-11a4-4a60-adea-3ab467a4838e","block_type":"box","text":"The total return anticipated","page_number":3,"box":{"x":132,"y":477,"width":116,"height":7}},{"id":"eb324128-fce8-4f08-852a-45e155f37c3f","block_type":"box","text":"on a bond if the bond is held until it matures.","page_number":3,"box":{"x":46,"y":486,"width":187,"height":6}},{"id":"76a1d15e-0fe4-47d8-a268-f40c336fb7a9","block_type":"box","text":"Yield to maturity is considered a long-term bond","page_number":3,"box":{"x":46,"y":496,"width":203,"height":7}},{"id":"967ac6f3-45a2-4e04-a626-ac7ab0667c07","block_type":"box","text":"yield, but is expressed as an annual rate. In","page_number":3,"box":{"x":46,"y":505,"width":180,"height":8}},{"id":"e42343e9-0ef1-4a58-add4-7e423ce83775","block_type":"box","text":"other words, it is the internal rate of return (IRR)","page_number":3,"box":{"x":46,"y":515,"width":201,"height":7}},{"id":"b43b95ae-d688-4769-8dfc-3eb0b8df46ed","block_type":"box","text":"of an investment in a bond if the investor holds","page_number":3,"box":{"x":46,"y":524,"width":197,"height":6}},{"id":"43172477-f8c8-4232-a8d1-dd2adbfc46d1","block_type":"box","text":"the bond until maturity and if all payments are","page_number":3,"box":{"x":46,"y":534,"width":195,"height":7}},{"id":"99b0b665-2473-46a3-aa4a-27d606c144ac","block_type":"box","text":"made as scheduled.","page_number":3,"box":{"x":47,"y":543,"width":83,"height":6}},{"id":"87557036-a17f-49fd-9c31-2c9739386d90","block_type":"box","text":"Distribution Yield","page_number":3,"box":{"x":46,"y":553,"width":82,"height":6}},{"id":"724876a0-bb62-45ef-9d99-eca52414bddc","block_type":"box","text":"The Annual dividends per","page_number":3,"box":{"x":135,"y":553,"width":109,"height":7}},{"id":"01f04f75-fc40-453f-ae52-8bb300e7e52d","block_type":"box","text":"share (DPS) of the fund divided by the share","page_number":3,"box":{"x":46,"y":562,"width":185,"height":8}},{"id":"68c0dc16-4192-41bd-8eeb-2d3f2cc1163d","block_type":"box","text":"price of the fund.","page_number":3,"box":{"x":47,"y":572,"width":70,"height":7}},{"id":"70acb6e6-502a-40e5-8c7c-7e6c0ec83146","block_type":"box","text":"Delta","page_number":3,"box":{"x":46,"y":581,"width":25,"height":6}},{"id":"2d1fc82b-6de4-40fd-8765-72b50c9ea36c","block_type":"box","text":"A measure of equity sensitivity showing","page_number":3,"box":{"x":78,"y":581,"width":168,"height":8}},{"id":"505c7dbe-d250-4f6a-99eb-d362035bfae1","block_type":"box","text":"the relationship between a percent change in","page_number":3,"box":{"x":46,"y":591,"width":190,"height":7}},{"id":"450e7704-52e9-4b1c-bcdb-b027349c4421","block_type":"box","text":"stock price and corresponding expected","page_number":3,"box":{"x":46,"y":600,"width":170,"height":8}},{"id":"00a31943-8413-4f5e-a92f-651937c84f4d","block_type":"box","text":"percent change in convertible price; it is also","page_number":3,"box":{"x":47,"y":610,"width":187,"height":7}},{"id":"30b1ab96-22b8-423d-b314-3ed434c66f9c","block_type":"box","text":"known as price elasticity.","page_number":3,"box":{"x":47,"y":619,"width":104,"height":8}},{"id":"11e23f81-0f2a-4e31-a135-6276e498abbb","block_type":"box","text":"TER","page_number":3,"box":{"x":46,"y":629,"width":19,"height":6}},{"id":"c5f9448f-3b19-4816-a6df-436749ed83d7","block_type":"box","text":"Total Expense Ratio is a fee charged to","page_number":3,"box":{"x":72,"y":629,"width":162,"height":7}},{"id":"0ece75a8-c443-497d-bde6-5915e5381533","block_type":"box","text":"the fund, as a percentage of the Net Asset","page_number":3,"box":{"x":46,"y":638,"width":177,"height":8}},{"id":"052af293-dcd3-4cf9-81b7-5c5647ebc80b","block_type":"box","text":"Value, to cover costs associated with operation","page_number":3,"box":{"x":46,"y":648,"width":198,"height":7}},{"id":"f7b96e22-1dea-43c8-816b-03f1ce4b5f7b","block_type":"box","text":"and management of the portfolio of assets.","page_number":3,"box":{"x":46,"y":657,"width":181,"height":8}},{"id":"7fc84cba-bbc2-4741-a557-ae2e139cefd1","block_type":"box","text":"For Professional Clients / Qualified","page_number":3,"box":{"x":46,"y":687,"width":162,"height":7}},{"id":"61cb5d3b-8b7e-4f2d-a09b-603df09c69ff","block_type":"box","text":"Investors Use Only. Not for public","page_number":3,"box":{"x":46,"y":697,"width":156,"height":7}},{"id":"10059af7-4a18-4de2-ae70-03ed222a26bc","block_type":"box","text":"distribution.","page_number":3,"box":{"x":46,"y":706,"width":58,"height":6}},{"id":"07852438-17f9-4275-8644-08777db2db9f","block_type":"box","text":"ETFs trade like stocks, are subject to","page_number":3,"box":{"x":47,"y":716,"width":153,"height":7}},{"id":"2fd032ea-9c04-46f8-8218-97bd4f4c5935","block_type":"box","text":"investment risk, fluctuate in market value and","page_number":3,"box":{"x":47,"y":725,"width":193,"height":7}},{"id":"5a835a57-09a7-4d9e-92ca-c7b67684bd0c","block_type":"box","text":"may trade at prices above or below the ETFs net","page_number":3,"box":{"x":47,"y":735,"width":202,"height":7}},{"id":"77899df2-7c05-47e1-937d-6c44c4ca05cb","block_type":"box","text":"asset value. Brokerage commissions and ETF","page_number":3,"box":{"x":46,"y":744,"width":190,"height":8}},{"id":"22f39fe5-ee0d-4160-8435-4d9c3b8e6d50","block_type":"box","text":"expenses will reduce returns.","page_number":3,"box":{"x":46,"y":754,"width":123,"height":7}},{"id":"0607c9a5-e6f9-472c-9ad7-e3b1dd3da80d","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":46,"y":773,"width":126,"height":7}},{"id":"b3db1ae6-c454-4c61-98e7-2b866c18d122","block_type":"box","text":"SPDR ETFs may not be available or suitable for","page_number":3,"box":{"x":46,"y":782,"width":196,"height":8}},{"id":"112c4818-2d14-4202-9856-40e1f6495339","block_type":"box","text":"you. The information provided does not","page_number":3,"box":{"x":46,"y":792,"width":166,"height":7}},{"id":"daf60318-3c59-4328-919a-65acdcff0e45","block_type":"box","text":"constitute investment advice as such term is","page_number":3,"box":{"x":46,"y":801,"width":190,"height":6}},{"id":"27896806-40b3-45db-bd50-5f4e3b16e66a","block_type":"box","text":"defined under the Markets in Financial","page_number":3,"box":{"x":46,"y":811,"width":162,"height":6}},{"id":"462d2b5c-495b-4f35-86a9-f69c863dbfa1","block_type":"box","text":"Instruments Directive (2014/65/EU) and it","page_number":3,"box":{"x":47,"y":820,"width":176,"height":7}},{"id":"0f913e30-3dca-4559-b9ce-f0e49237ce30","block_type":"box","text":"should not be relied on as such. It should not be","page_number":3,"box":{"x":46,"y":830,"width":201,"height":6}},{"id":"ea2d56f8-347f-4961-93e7-a546449baa97","block_type":"box","text":"considered a solicitation to buy or an offer to","page_number":3,"box":{"x":46,"y":839,"width":188,"height":8}},{"id":"0c34c981-8b9e-459a-981f-7f4d80447950","block_type":"box","text":"sell any investment. It does not take into","page_number":3,"box":{"x":46,"y":849,"width":170,"height":7}},{"id":"13c9caee-8010-434c-b5c2-102ea0ba60ca","block_type":"box","text":"account any investor's or potential investor's","page_number":3,"box":{"x":46,"y":858,"width":189,"height":8}},{"id":"ad02c9ac-ab32-4fc8-ae59-3f02d78126cd","block_type":"box","text":"particular investment objectives, strategies, tax","page_number":3,"box":{"x":47,"y":868,"width":200,"height":7}},{"id":"e4c664f3-f8d7-46bf-859a-b6b1cda15980","block_type":"box","text":"status, risk appetite or investment horizon. If","page_number":3,"box":{"x":46,"y":877,"width":189,"height":8}},{"id":"b16eb600-7c38-4e9e-806a-c2677b1f1ec9","block_type":"box","text":"you require investment advice you should","page_number":3,"box":{"x":46,"y":887,"width":177,"height":7}},{"id":"7c85dd2e-81aa-4fde-b1bf-9f48a262c39a","block_type":"box","text":"consult your tax and financial or other","page_number":3,"box":{"x":46,"y":896,"width":161,"height":8}},{"id":"0ce40cdf-ec94-454d-bb94-dc4fb67d943b","block_type":"box","text":"professional advisor.","page_number":3,"box":{"x":47,"y":906,"width":86,"height":7}},{"id":"52721fd2-f428-42e6-9718-1ab8cd3768a1","block_type":"box","text":"Tax treatment depends on the individual","page_number":3,"box":{"x":46,"y":915,"width":171,"height":8}},{"id":"d91e97db-7ede-4521-9cbd-cc755784ef71","block_type":"box","text":"circumstances of each client and may be","page_number":3,"box":{"x":281,"y":257,"width":172,"height":7}},{"id":"47a9a04c-ead9-4491-b5f1-a6958512a7b1","block_type":"box","text":"subject to change in the future.","page_number":3,"box":{"x":281,"y":266,"width":130,"height":8}},{"id":"95b464e8-27af-4348-a3da-1cc33c87b5b9","block_type":"box","text":"This document does not constitute an offer or","page_number":3,"box":{"x":280,"y":276,"width":194,"height":6}},{"id":"af59feb4-1679-4053-b9ea-c9c39488c236","block_type":"box","text":"request to purchase shares in SPDR ETFs","page_number":3,"box":{"x":281,"y":285,"width":174,"height":8}},{"id":"b8a3f862-b01a-4d93-8404-c47bb4fbc25e","block_type":"box","text":"Europe I plc and SPDR ETFs Europe II plc.","page_number":3,"box":{"x":281,"y":295,"width":171,"height":7}},{"id":"056affc4-aa53-45b2-90eb-7e34657a9d59","block_type":"box","text":"Please refer to the Fund's latest Key","page_number":3,"box":{"x":281,"y":304,"width":168,"height":8}},{"id":"4fd389d0-63e4-4e96-bfc0-f4d018f0c8cd","block_type":"box","text":"Information Document (KID)/Key Investor","page_number":3,"box":{"x":281,"y":314,"width":196,"height":7}},{"id":"9b803997-81b9-4610-bbb7-a5009008d7cf","block_type":"box","text":"Information Document (KIID) and","page_number":3,"box":{"x":281,"y":323,"width":156,"height":7}},{"id":"9d89f0f2-ba0d-41a4-a0a8-489b2cddf3c7","block_type":"box","text":"Prospectus before making any final","page_number":3,"box":{"x":281,"y":333,"width":166,"height":7}},{"id":"44df0bec-a37b-4194-a4ab-54829208433d","block_type":"box","text":"investment decision. The latest English","page_number":3,"box":{"x":281,"y":342,"width":184,"height":8}},{"id":"389fabaa-948d-42f5-913a-92fd67d8d7d7","block_type":"box","text":"version of the prospectus and the KID/KIID","page_number":3,"box":{"x":280,"y":352,"width":201,"height":7}},{"id":"13d5b066-91ea-436a-9aab-e3adb599efc9","block_type":"box","text":"can be found at","page_number":3,"box":{"x":281,"y":361,"width":72,"height":6}},{"id":"31ce3e15-f2ea-48bc-982a-9a9354202ca4","block_type":"box","text":"www.statestreet.com/im","page_number":3,"box":{"x":356,"y":361,"width":116,"height":7}},{"id":"8ba31911-f0a5-4dff-bca6-3c89ea97b3c9","block_type":"box","text":".","page_number":3,"box":{"x":473,"y":366,"width":2,"height":1}},{"id":"d41d7b39-1bb2-46f6-a5d5-b6c355cbcf53","block_type":"box","text":"A summary of investor rights can be found","page_number":3,"box":{"x":280,"y":371,"width":201,"height":7}},{"id":"1da14ed4-9f60-455d-8525-2e2d9419bde4","block_type":"box","text":"here:","page_number":3,"box":{"x":281,"y":380,"width":23,"height":6}},{"id":"a0657df0-95aa-41d9-afe9-16bec95ad72b","block_type":"box","text":"https://www.ssga.com/library","page_number":3,"box":{"x":307,"y":380,"width":143,"height":8}},{"id":"6d50e6cf-a0c5-42d8-999f-9f5aa9ba9750","block_type":"box","text":"content/products/fund-docs/summary-of","page_number":3,"box":{"x":281,"y":390,"width":199,"height":7}},{"id":"b036b16a-d4d5-4bad-ab31-fa1c2a316a01","block_type":"box","text":"investor-rights/ssga-spdr-investors-rights","page_number":3,"box":{"x":281,"y":399,"width":201,"height":8}},{"id":"9d6dc6ed-0b82-447d-9688-abdaaceb32d0","block_type":"box","text":"summary.pdf","page_number":3,"box":{"x":280,"y":409,"width":64,"height":7}},{"id":"fa48c70c-39f3-464c-8f02-0ad69794c99e","block_type":"box","text":"Note that the Management","page_number":3,"box":{"x":346,"y":409,"width":126,"height":7}},{"id":"b2b2096d-ce42-4e39-80b9-0d5f193ae0e4","block_type":"box","text":"Company may decide to terminate the","page_number":3,"box":{"x":281,"y":418,"width":180,"height":8}},{"id":"28dbdbb5-4066-4bd5-ab3f-69e5a7835b44","block_type":"box","text":"arrangements made for marketing and","page_number":3,"box":{"x":280,"y":428,"width":183,"height":7}},{"id":"16d1b40b-3a14-42f4-81ce-9b3d947f5aae","block_type":"box","text":"proceed with de-notification in compliance","page_number":3,"box":{"x":281,"y":437,"width":201,"height":8}},{"id":"f16c1d8e-4fd5-4f52-8b75-28c553cb1d8a","block_type":"box","text":"with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":280,"y":447,"width":196,"height":7}},{"id":"557bad30-a152-44ff-ac97-100ca746de20","block_type":"box","text":"All fund related documents are available for free","page_number":3,"box":{"x":280,"y":456,"width":203,"height":6}},{"id":"b4f53714-4049-4b96-b435-255425f19720","block_type":"box","text":"of charge from the offices of the Local","page_number":3,"box":{"x":281,"y":466,"width":158,"height":8}},{"id":"95a7b520-8efb-46d9-836b-107798859586","block_type":"box","text":"Representative/Agent or by visiting the","page_number":3,"box":{"x":281,"y":475,"width":164,"height":8}},{"id":"08b02b71-d400-49cb-9798-b99ed50e8bee","block_type":"box","text":"www.","page_number":3,"box":{"x":448,"y":477,"width":22,"height":4}},{"id":"4a55afee-d805-412f-9e01-7811101f692b","block_type":"box","text":"statestreet.com/im","page_number":3,"box":{"x":281,"y":485,"width":80,"height":7}},{"id":"5a786bf6-70aa-4073-98ca-0b152a778769","block_type":"box","text":"or by contacting State","page_number":3,"box":{"x":364,"y":485,"width":93,"height":8}},{"id":"f42fb5f9-3be1-402a-a0f6-89a9a56753a6","block_type":"box","text":"Street Custodial Services (Ireland) Limited, 78","page_number":3,"box":{"x":281,"y":494,"width":193,"height":7}},{"id":"00ae881d-c829-4896-bae6-246757c1552d","block_type":"box","text":"Sir John Rogerson's Quay, Dublin 2, Ireland.","page_number":3,"box":{"x":281,"y":504,"width":181,"height":8}},{"id":"3f586c45-38fc-48e6-83e7-3b615f562427","block_type":"box","text":"SPDR ETFs is the exchange traded funds (\"ETF\")","page_number":3,"box":{"x":281,"y":513,"width":202,"height":8}},{"id":"c6a2eb6d-e803-41bc-87b0-ddb1abccc788","block_type":"box","text":"platform of State Street Global Advisors and is","page_number":3,"box":{"x":281,"y":523,"width":195,"height":7}},{"id":"afb89174-b63e-440c-ad1e-315a625d97d4","block_type":"box","text":"comprised of funds that have been authorised","page_number":3,"box":{"x":281,"y":532,"width":194,"height":8}},{"id":"e07847b4-c905-473d-a186-b66ce09a91ac","block_type":"box","text":"by Central Bank of Ireland as open-ended UCITS","page_number":3,"box":{"x":281,"y":542,"width":203,"height":7}},{"id":"f706c534-5746-4123-bd96-c83b6d75af32","block_type":"box","text":"investment companies.","page_number":3,"box":{"x":281,"y":552,"width":98,"height":7}},{"id":"88a10f8d-937d-41c2-8187-2980bfaf697d","block_type":"box","text":"The funds are not available to U.S. investors.","page_number":3,"box":{"x":280,"y":561,"width":186,"height":6}},{"id":"8ee20b27-3414-4e27-8b87-2c979d221cf3","block_type":"box","text":"SSGA SPDR ETFs Europe I plc and SPDR ETFs","page_number":3,"box":{"x":281,"y":570,"width":191,"height":8}},{"id":"7d60050e-0dd1-4b2b-a917-3fa0cb1e80d8","block_type":"box","text":"Europe II plc issue (\"the Company\") issue SPDR","page_number":3,"box":{"x":281,"y":580,"width":197,"height":7}},{"id":"4a51bf43-755e-402a-9ac8-c79ef4206f08","block_type":"box","text":"ETFs, and is an open-ended investment","page_number":3,"box":{"x":281,"y":589,"width":166,"height":8}},{"id":"a4d8163d-eb38-401d-8d50-41cc9811939b","block_type":"box","text":"company with variable capital having","page_number":3,"box":{"x":281,"y":599,"width":157,"height":8}},{"id":"17abf9ee-d6b4-4df4-973d-db5b8e0a82fa","block_type":"box","text":"segregated liability between its sub-funds. The","page_number":3,"box":{"x":281,"y":608,"width":197,"height":8}},{"id":"fccb81f1-67f5-4c4d-be73-a7816e2cd1c7","block_type":"box","text":"Company is organised as an Undertaking for","page_number":3,"box":{"x":281,"y":618,"width":187,"height":8}},{"id":"4261c1c3-974e-47fc-aa9a-f37e591ca1b7","block_type":"box","text":"Collective Investment in Transferable Securities","page_number":3,"box":{"x":281,"y":627,"width":201,"height":6}},{"id":"32e6fe2f-bdaf-4b65-a079-dfed139acc4c","block_type":"box","text":"(UCITS) under the laws of Ireland and","page_number":3,"box":{"x":281,"y":637,"width":155,"height":7}},{"id":"7635c7c1-f3f7-4ae6-9bc2-081550b2d5b1","block_type":"box","text":"authorised as a UCITS by the Central Bank of","page_number":3,"box":{"x":281,"y":646,"width":189,"height":8}},{"id":"3b372ed6-cc12-4eac-bac1-9d4da379ecab","block_type":"box","text":"Ireland.","page_number":3,"box":{"x":281,"y":656,"width":30,"height":6}},{"id":"a03cd4d0-aa87-481e-90b7-4f4521413a78","block_type":"box","text":"Additional Important Information:","page_number":3,"box":{"x":280,"y":665,"width":160,"height":8}},{"id":"9b8e7251-f8a3-4a4c-8c17-3c87b14070c7","block_type":"box","text":"For the UK,","page_number":3,"box":{"x":281,"y":675,"width":51,"height":7}},{"id":"94177b97-bfde-43e9-95d1-e6a2f43fda47","block_type":"box","text":"this document has been issued by","page_number":3,"box":{"x":335,"y":675,"width":145,"height":7}},{"id":"d5381511-28ab-4e75-b9e0-f060624f1912","block_type":"box","text":"State Street Global Advisors Limited (\"SSGA\").","page_number":3,"box":{"x":281,"y":684,"width":194,"height":7}},{"id":"ec1a7563-8e7f-4e2f-8b7a-d4613f2c9cf3","block_type":"box","text":"Authorised and regulated by the Financial","page_number":3,"box":{"x":280,"y":694,"width":177,"height":8}},{"id":"f53d510e-b933-4d48-9981-a62d3e3a58e1","block_type":"box","text":"Conduct Authority, registered No. 2509928.","page_number":3,"box":{"x":281,"y":703,"width":185,"height":8}},{"id":"28ce6e33-3ea9-4c50-93b0-0416a1400936","block_type":"box","text":"VAT No. 5776591 81. Registered office: 20","page_number":3,"box":{"x":280,"y":713,"width":174,"height":8}},{"id":"523717c6-fed5-4dcb-8f76-eed9f4bb568e","block_type":"box","text":"Churchill Place, Canary Wharf, London, E14 5HJ","page_number":3,"box":{"x":281,"y":722,"width":199,"height":8}},{"id":"d6222016-e612-48ac-9857-86e938ba1704","block_type":"box","text":"Telephone: 020 3395 6000 Facsimile: 020","page_number":3,"box":{"x":280,"y":732,"width":183,"height":8}},{"id":"f68df0cc-fcbb-49aa-8f50-50fda30af6d6","block_type":"box","text":"3395 6350 Web:","page_number":3,"box":{"x":281,"y":741,"width":71,"height":7}},{"id":"b2fa411c-c8a1-49cb-8502-61e2c0f6f4d7","block_type":"box","text":"www.statestreet.com/im","page_number":3,"box":{"x":354,"y":741,"width":104,"height":7}},{"id":"fdeced45-c592-4d6b-b7a5-613395b74fda","block_type":"box","text":".","page_number":3,"box":{"x":459,"y":747,"width":1,"height":0}},{"id":"dd24849e-0c2d-46d7-b2b4-2fcf14c73b80","block_type":"box","text":"For the EU,","page_number":3,"box":{"x":281,"y":751,"width":50,"height":7}},{"id":"0c605598-d3e7-46fd-a40a-38c1121c9df6","block_type":"box","text":"this document has been issued by","page_number":3,"box":{"x":333,"y":751,"width":145,"height":8}},{"id":"377b3052-4096-495f-9932-0fe5c46d60e2","block_type":"box","text":"State Street Global Advisors Europe Limited","page_number":3,"box":{"x":281,"y":760,"width":185,"height":8}},{"id":"23b6978e-1702-451e-a691-caeef43c05c3","block_type":"box","text":"(''SSGA''), regulated by the Central Bank of","page_number":3,"box":{"x":281,"y":770,"width":178,"height":8}},{"id":"cc6272a1-15a8-4b54-aa78-c30ce3b6979e","block_type":"box","text":"Ireland. Registered office address 78 Sir John","page_number":3,"box":{"x":281,"y":779,"width":190,"height":8}},{"id":"51a3f46d-6f20-4fda-9797-ee263d730d12","block_type":"box","text":"Rogerson's Quay, Dublin 2. Registered number","page_number":3,"box":{"x":281,"y":789,"width":195,"height":8}},{"id":"23478227-9cf8-42e8-bd7f-ad0c717111f7","block_type":"box","text":"49934. T: +353 (0)1 776 3000. Fax: +353 (0)1","page_number":3,"box":{"x":280,"y":798,"width":191,"height":7}},{"id":"83533436-a32d-43c8-bc24-dfd7fc5f3672","block_type":"box","text":"776 3300. Web:","page_number":3,"box":{"x":280,"y":808,"width":67,"height":6}},{"id":"94a21b28-0c80-4bd9-847b-c7105e4841a4","block_type":"box","text":"www.statestreet.com/im","page_number":3,"box":{"x":350,"y":808,"width":103,"height":7}},{"id":"085206e8-eff1-4e2b-b237-225baabc9b1c","block_type":"box","text":".","page_number":3,"box":{"x":454,"y":813,"width":2,"height":1}},{"id":"09b8be39-ee18-40fa-9b47-81514ee6f557","block_type":"box","text":"SPDR ETFs Local Representative/Paying","page_number":3,"box":{"x":280,"y":817,"width":190,"height":8}},{"id":"d855c96a-66c3-4777-afc5-e463da6c3469","block_type":"box","text":"Agents:","page_number":3,"box":{"x":280,"y":827,"width":36,"height":8}},{"id":"8f2a3c85-bd15-406d-8833-739e10a7e17d","block_type":"box","text":"France:","page_number":3,"box":{"x":281,"y":836,"width":34,"height":7}},{"id":"46cf3285-b4c6-4983-84e6-bb3668a1ff62","block_type":"box","text":"State Street Bank International GmbH","page_number":3,"box":{"x":318,"y":836,"width":160,"height":7}},{"id":"57b1985d-ff7f-4e45-acd1-52617de62450","block_type":"box","text":"Paris Branch, Cœur Défense -Tour A, 100,","page_number":3,"box":{"x":281,"y":846,"width":172,"height":7}},{"id":"f08c50ba-3e52-4450-80b4-8cc620ecf64a","block_type":"box","text":"Esplanade du Général de Gaulle, 92931 Paris La","page_number":3,"box":{"x":281,"y":855,"width":199,"height":8}},{"id":"2b783cb3-9b4c-49fc-b783-8b619ee4a37c","block_type":"box","text":"Defense Cedex;","page_number":3,"box":{"x":281,"y":865,"width":65,"height":7}},{"id":"98311dfd-83ad-45c0-ad8a-99a13a881368","block_type":"box","text":"Switzerland:","page_number":3,"box":{"x":348,"y":865,"width":58,"height":6}},{"id":"2bfab103-3fbe-4eaa-ba1e-b59710fe7c9a","block_type":"box","text":"State Street Bank","page_number":3,"box":{"x":409,"y":865,"width":75,"height":6}},{"id":"d192ed94-da2e-4794-aa2b-7a81b4fe9094","block_type":"box","text":"GmbH Munich, Zurich Branch,","page_number":3,"box":{"x":281,"y":874,"width":126,"height":7}},{"id":"61416c0d-9827-48d4-a329-d43b073a374f","block_type":"box","text":"Beethovenstrasse 19, 8027 Zurich and the main","page_number":3,"box":{"x":281,"y":884,"width":200,"height":7}},{"id":"b3b4ee23-3835-4e59-b3d8-b23f5d3203f1","block_type":"box","text":"distributor in Switzerland, State Street Global","page_number":3,"box":{"x":281,"y":893,"width":190,"height":7}},{"id":"400076c4-0356-4be6-b40c-bd4cdd74a51b","block_type":"box","text":"Advisors AG, Beethovenstrasse 19, 8027 Zurich;","page_number":3,"box":{"x":280,"y":903,"width":202,"height":7}},{"id":"03e8c836-491f-4f32-bd06-a48061ea866c","block_type":"box","text":"Germany:","page_number":3,"box":{"x":281,"y":912,"width":45,"height":8}},{"id":"ff2dfd82-2370-497d-ad25-b1ab10bed736","block_type":"box","text":"State Street Global Advisors Europe","page_number":3,"box":{"x":329,"y":912,"width":151,"height":8}},{"id":"dbe516d1-3888-4b03-b098-203ead4f753d","block_type":"box","text":"Limited, Brienner Strasse 59, D-80333 Munich;","page_number":3,"box":{"x":515,"y":257,"width":199,"height":7}},{"id":"0bfe6a0b-0d3c-4d37-93b4-473774e50b64","block_type":"box","text":"Spain:","page_number":3,"box":{"x":515,"y":266,"width":29,"height":8}},{"id":"0f801f81-d6c8-4386-8ed2-4228b626f66c","block_type":"box","text":"Cecabank, S.A. Alcalá 27, 28014 Madrid","page_number":3,"box":{"x":547,"y":266,"width":165,"height":7}},{"id":"673244cd-1edc-43b3-8e9a-e0c78eb2f566","block_type":"box","text":"(Spain);","page_number":3,"box":{"x":515,"y":276,"width":31,"height":7}},{"id":"5770e71e-2b4c-4253-9288-ee32e9ffad34","block_type":"box","text":"Denmark:","page_number":3,"box":{"x":549,"y":276,"width":46,"height":6}},{"id":"e0d06f3e-0026-416b-9558-8565a01379fd","block_type":"box","text":"Nordea Bank Denmark A/S,","page_number":3,"box":{"x":598,"y":276,"width":114,"height":7}},{"id":"2d44637b-1065-4a6a-a57b-1bbe3991e1ad","block_type":"box","text":"Issuer Services, Securities Services Hermes","page_number":3,"box":{"x":515,"y":285,"width":185,"height":7}},{"id":"5fb55c77-aeac-4d49-a41d-d37e59c01e31","block_type":"box","text":"Hus, Helgeshøj Allé 33 Postbox 850 DK-0900","page_number":3,"box":{"x":515,"y":295,"width":193,"height":7}},{"id":"bd0457e7-43c5-41a5-847b-6cdb8afa6892","block_type":"box","text":"Copenhagen C;","page_number":3,"box":{"x":515,"y":304,"width":63,"height":8}},{"id":"0eb14626-5755-41e9-8a3a-ed249fd3c5f6","block_type":"box","text":"Austria:","page_number":3,"box":{"x":581,"y":304,"width":37,"height":6}},{"id":"36a6bc3b-0541-4b9f-90d9-eeaceaf47d2c","block_type":"box","text":"Erste Bank, Graben 21,","page_number":3,"box":{"x":621,"y":304,"width":93,"height":7}},{"id":"eff200e1-acdd-4785-9a91-ec58ba116ed7","block_type":"box","text":"1010 Wien, Österreich;","page_number":3,"box":{"x":515,"y":313,"width":92,"height":8}},{"id":"63465c07-96cc-43c2-af22-fa965a6e0ef2","block_type":"box","text":"Sweden:","page_number":3,"box":{"x":609,"y":314,"width":40,"height":6}},{"id":"08cb3e7e-8912-41f4-96b5-77b5b0e0b7c7","block_type":"box","text":"SKANDINAVISKA ENSKILDA BANKEN AB, Global","page_number":3,"box":{"x":515,"y":323,"width":203,"height":7}},{"id":"ceb51abb-835d-4e80-b379-03c7115d848d","block_type":"box","text":"Transaction Services ST MH1, SE-106 40","page_number":3,"box":{"x":515,"y":333,"width":169,"height":7}},{"id":"308d24af-09df-4bbb-89a2-9058342be32e","block_type":"box","text":"Stockholm, Sweden.","page_number":3,"box":{"x":515,"y":342,"width":85,"height":7}},{"id":"6cbecedd-f1eb-449f-bb9a-9cb564fe1709","block_type":"box","text":"BLOOMBERG","page_number":3,"box":{"x":515,"y":352,"width":55,"height":6}},{"id":"35b679b7-a441-45a4-b8ed-6319cb083576","block_type":"box","text":"®","page_number":3,"box":{"x":570,"y":351,"width":3,"height":2}},{"id":"d05a10b2-2b06-4a07-b1d1-a0222757f18d","block_type":"box","text":"is a trademark and service mark","page_number":3,"box":{"x":576,"y":352,"width":135,"height":6}},{"id":"7413b432-37af-4c30-a98a-0fc051477c0e","block_type":"box","text":"of Bloomberg Finance L.P. and its affiliates","page_number":3,"box":{"x":515,"y":361,"width":177,"height":8}},{"id":"5556dfdb-9065-40a1-94ed-717e32cf462e","block_type":"box","text":"(collectively \"Bloomberg\"). BARCLAYS","page_number":3,"box":{"x":515,"y":371,"width":159,"height":7}},{"id":"18f39ecb-c6ed-4acc-97fa-663ed5f7edd0","block_type":"box","text":"®","page_number":3,"box":{"x":675,"y":370,"width":2,"height":2}},{"id":"2f54468d-1e5e-4476-adbb-4ef785b1717f","block_type":"box","text":"is a","page_number":3,"box":{"x":680,"y":371,"width":13,"height":6}},{"id":"a4b730c8-5314-43bc-a03b-18eafe68acb4","block_type":"box","text":"trademark and service mark of Barclays Bank","page_number":3,"box":{"x":515,"y":380,"width":192,"height":8}},{"id":"ab9aeefd-c403-4cdc-a732-1b1e54c4ca6d","block_type":"box","text":"Plc (collectively with its affiliates, \"Barclays\"),","page_number":3,"box":{"x":515,"y":390,"width":188,"height":7}},{"id":"3f1729e7-eaa0-4a8b-af02-85d2fa2c5b14","block_type":"box","text":"used under license. Bloomberg or Bloomberg's","page_number":3,"box":{"x":515,"y":399,"width":195,"height":8}},{"id":"64b5e4db-505d-4026-a1b5-a4d0064b353e","block_type":"box","text":"licensors, including Barclays, own all proprietary","page_number":3,"box":{"x":515,"y":409,"width":203,"height":8}},{"id":"df909a69-2065-40e0-915f-58fb05a39ba4","block_type":"box","text":"rights in the Bloomberg Barclays Indices.","page_number":3,"box":{"x":515,"y":418,"width":171,"height":8}},{"id":"2cce5982-3d12-4f01-864b-49f2b796f1ba","block_type":"box","text":"Neither Bloomberg nor Barclays is affiliated with","page_number":3,"box":{"x":515,"y":428,"width":202,"height":8}},{"id":"e2ab7e46-c748-4f42-91ff-9887b72967c2","block_type":"box","text":"State Street, and neither approves, endorses,","page_number":3,"box":{"x":515,"y":437,"width":190,"height":8}},{"id":"b95ba95f-25ee-44a3-96d0-4de362bc252b","block_type":"box","text":"reviews or recommends State Street","page_number":3,"box":{"x":515,"y":447,"width":154,"height":6}},{"id":"735d0835-7f39-43e4-9d66-c762a1a8cd5f","block_type":"box","text":"®","page_number":3,"box":{"x":670,"y":446,"width":2,"height":2}},{"id":"145a1afb-a047-450c-9dc6-eaf1e36ce1cd","block_type":"box","text":"SPDR","page_number":3,"box":{"x":675,"y":447,"width":23,"height":6}},{"id":"babce6ef-0fcc-4293-8aa4-5255b366f0f7","block_type":"box","text":"®","page_number":3,"box":{"x":698,"y":446,"width":3,"height":2}},{"id":"daa38ad2-0bd7-4225-abf9-e6f660651681","block_type":"box","text":"Bloomberg 7-10 Year U.S. Treasury Bond UCITS","page_number":3,"box":{"x":515,"y":456,"width":196,"height":8}},{"id":"b8861a8d-98ff-4228-976f-7304550cbf2e","block_type":"box","text":"ETF. Neither Bloomberg nor Barclays","page_number":3,"box":{"x":515,"y":466,"width":154,"height":8}},{"id":"345574a8-8ccd-4818-a728-c4cc3d9481f6","block_type":"box","text":"guarantees the timeliness, accurateness or","page_number":3,"box":{"x":515,"y":475,"width":182,"height":8}},{"id":"ee60468c-7a1c-4b80-8102-b47feaf766ba","block_type":"box","text":"completeness of any data or information","page_number":3,"box":{"x":515,"y":485,"width":171,"height":7}},{"id":"704df5d8-c36e-4436-86cc-ac55b48b45f1","block_type":"box","text":"relating to Bloomberg Barclays U.S. 7-10 Year","page_number":3,"box":{"x":515,"y":494,"width":187,"height":8}},{"id":"2092792d-7a27-48a7-adc6-9f897731ab6a","block_type":"box","text":"Treasury Bond Index, and neither shall be liable","page_number":3,"box":{"x":515,"y":504,"width":199,"height":7}},{"id":"3025e8a8-e9d6-4a2d-82b3-18489413604f","block_type":"box","text":"in any way to the State Street, investors in State","page_number":3,"box":{"x":515,"y":513,"width":202,"height":8}},{"id":"b9a4b741-6f7e-4dbe-a64f-2455ffd705b0","block_type":"box","text":"Street","page_number":3,"box":{"x":515,"y":523,"width":26,"height":6}},{"id":"2da37f4f-6101-4046-9d01-06fb09ac7fa7","block_type":"box","text":"®","page_number":3,"box":{"x":541,"y":522,"width":2,"height":2}},{"id":"10adbc9b-dea7-4ea1-8b5d-4c03660977e1","block_type":"box","text":"SPDR","page_number":3,"box":{"x":546,"y":523,"width":23,"height":6}},{"id":"d2e513d5-6d56-46b5-8f39-104a5face3f7","block_type":"box","text":"®","page_number":3,"box":{"x":570,"y":522,"width":2,"height":2}},{"id":"8b756046-6195-4811-ae24-155c54f82231","block_type":"box","text":"Bloomberg 7-10 Year U.S. Treasury","page_number":3,"box":{"x":575,"y":523,"width":143,"height":8}},{"id":"67fe1586-f8d2-4996-b933-339031e1d03f","block_type":"box","text":"Bond UCITS ETF or other third parties in respect","page_number":3,"box":{"x":515,"y":532,"width":203,"height":8}},{"id":"241b41bd-e6a0-43cb-b7b5-5e1ae9d65053","block_type":"box","text":"of the use or accuracy of the Bloomberg","page_number":3,"box":{"x":515,"y":542,"width":168,"height":8}},{"id":"91a8ad07-d68e-4fd3-8652-fd599be92274","block_type":"box","text":"Barclays U.S. 7-10 Year Treasury Bond Index or","page_number":3,"box":{"x":515,"y":551,"width":194,"height":8}},{"id":"5bbaffe1-b8e8-4dba-b667-e3397d058364","block_type":"box","text":"any data included therein.","page_number":3,"box":{"x":515,"y":561,"width":109,"height":7}},{"id":"7dd7d6e6-07ef-4d64-b174-d8fada458c11","block_type":"box","text":"The S&P 500","page_number":3,"box":{"x":515,"y":570,"width":57,"height":6}},{"id":"e611898e-ca7d-468e-8b81-cae0172a3cfd","block_type":"box","text":"®","page_number":3,"box":{"x":572,"y":570,"width":3,"height":2}},{"id":"d1c9bbba-3836-493b-b0f9-34f4a461ceac","block_type":"box","text":"Index is a product of S&P Dow","page_number":3,"box":{"x":578,"y":570,"width":126,"height":8}},{"id":"14ab1ae3-0d7b-499b-ba7f-921b07424bdf","block_type":"box","text":"Jones Indices LLC or its affiliates (“S&P DJI”)","page_number":3,"box":{"x":515,"y":580,"width":187,"height":7}},{"id":"d3c32a49-6da6-4af9-a804-4bb16463aacd","block_type":"box","text":"and have been licensed for use by State Street","page_number":3,"box":{"x":515,"y":589,"width":196,"height":8}},{"id":"8ec82893-9d93-4ef8-a1ea-247b1c1aed06","block_type":"box","text":"Global Advisors. S&P","page_number":3,"box":{"x":515,"y":599,"width":91,"height":6}},{"id":"3c5ce1bc-40b2-4d59-ad8d-e5bb174daf5f","block_type":"box","text":"®","page_number":3,"box":{"x":606,"y":598,"width":3,"height":2}},{"id":"70bbd313-ca7e-47a5-9943-727f3090c2ca","block_type":"box","text":", SPDR","page_number":3,"box":{"x":609,"y":599,"width":27,"height":7}},{"id":"b4b1e3ff-9bcb-418b-9165-c767c9abc486","block_type":"box","text":"®","page_number":3,"box":{"x":637,"y":598,"width":2,"height":2}},{"id":"f7ec6fef-9415-4718-aa04-abfe909e772a","block_type":"box","text":", S&P 500","page_number":3,"box":{"x":640,"y":599,"width":42,"height":7}},{"id":"5523772a-2bb7-4828-af58-9641136251f5","block_type":"box","text":"®","page_number":3,"box":{"x":683,"y":598,"width":2,"height":2}},{"id":"6eb59fa5-769f-4bdb-a92c-deba3d58bff1","block_type":"box","text":",US","page_number":3,"box":{"x":686,"y":599,"width":13,"height":7}},{"id":"cb0ee8ee-2fc8-4770-b7be-22a891c3e1f3","block_type":"box","text":"500 and the 500 are trademarks of Standard &","page_number":3,"box":{"x":515,"y":608,"width":201,"height":6}},{"id":"3f5da41c-5356-4026-b680-eaa7319c9c43","block_type":"box","text":"Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":515,"y":618,"width":179,"height":7}},{"id":"ec09bf89-98a5-4112-8244-78860b36e06d","block_type":"box","text":"Jones","page_number":3,"box":{"x":515,"y":627,"width":25,"height":6}},{"id":"f7506510-c7dd-411c-8371-bdc90cf3a488","block_type":"box","text":"®","page_number":3,"box":{"x":540,"y":627,"width":3,"height":2}},{"id":"6f136021-191a-41be-8f2d-5a644bdeaf67","block_type":"box","text":"is a registered trademark of Dow Jones","page_number":3,"box":{"x":546,"y":627,"width":164,"height":8}},{"id":"99d3524c-e641-4a02-be82-067fb75aa686","block_type":"box","text":"Trademark Holdings LLC (“Dow Jones”) and has","page_number":3,"box":{"x":515,"y":637,"width":201,"height":8}},{"id":"1abd06fd-5773-4ca0-9657-565794ee818a","block_type":"box","text":"been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":515,"y":646,"width":171,"height":8}},{"id":"65f06f39-fe93-443d-866d-3b796e0ace04","block_type":"box","text":"Indices; and these trademarks have been","page_number":3,"box":{"x":515,"y":656,"width":173,"height":7}},{"id":"400c7dc0-91e6-4ec6-b98d-bb33e6f32a57","block_type":"box","text":"licensed for use by S&P DJI and sublicensed for","page_number":3,"box":{"x":515,"y":665,"width":201,"height":8}},{"id":"bdec9a60-eea4-47c0-99ed-23b3aa4a33d5","block_type":"box","text":"certain purposes by State Street Global","page_number":3,"box":{"x":515,"y":675,"width":166,"height":7}},{"id":"31e7bd77-d746-483f-84e6-01c066d544ad","block_type":"box","text":"Advisors. The fund is not sponsored, endorsed,","page_number":3,"box":{"x":515,"y":684,"width":198,"height":8}},{"id":"5aef93b0-9397-4d43-902b-2570cd709fb9","block_type":"box","text":"sold or promoted by S&P DJI, Dow Jones, S&P,","page_number":3,"box":{"x":515,"y":694,"width":196,"height":7}},{"id":"8ecfbd06-d4b6-43e2-9f4f-01a5766083d0","block_type":"box","text":"their respective affiliates, and none of such","page_number":3,"box":{"x":515,"y":703,"width":181,"height":8}},{"id":"7e97e269-28a7-467a-ac3e-6eb871204ac2","block_type":"box","text":"parties make any representation regarding the","page_number":3,"box":{"x":515,"y":713,"width":196,"height":8}},{"id":"62fb7c06-f320-4419-8709-470639d00188","block_type":"box","text":"advisability of investing in such product(s) nor","page_number":3,"box":{"x":515,"y":722,"width":195,"height":8}},{"id":"2bab9ce3-2499-4421-87cd-d8630ae8d6ee","block_type":"box","text":"do they have any liability for any errors,","page_number":3,"box":{"x":515,"y":732,"width":165,"height":8}},{"id":"442f54d7-4054-473f-8226-48cfb572aa17","block_type":"box","text":"omissions, or interruptions of these indices.","page_number":3,"box":{"x":515,"y":741,"width":184,"height":8}},{"id":"a93b085a-ac3f-4aa7-a9df-17e14f1fb364","block_type":"box","text":"The trademarks and service marks referenced","page_number":3,"box":{"x":515,"y":751,"width":195,"height":6}},{"id":"bd044c82-c319-412b-8e28-8a7a73405c91","block_type":"box","text":"herein are the property of their respective","page_number":3,"box":{"x":515,"y":760,"width":176,"height":8}},{"id":"b698781b-3d3b-40e0-9353-6403ae07a629","block_type":"box","text":"owners. Third party data providers make no","page_number":3,"box":{"x":515,"y":770,"width":184,"height":8}},{"id":"53aac390-f329-466f-bc6b-f0f08f147146","block_type":"box","text":"warranties or representations of any kind","page_number":3,"box":{"x":515,"y":779,"width":173,"height":8}},{"id":"d89922a5-f430-4d23-b42f-a6fb5e7d4d47","block_type":"box","text":"relating to the accuracy, completeness or","page_number":3,"box":{"x":515,"y":789,"width":174,"height":8}},{"id":"217a606b-8a58-4bd8-be07-a9a0d2475577","block_type":"box","text":"timeliness of the data and have no liability for","page_number":3,"box":{"x":515,"y":798,"width":191,"height":8}},{"id":"9e633c1c-89a3-49a1-8899-1aadae0a3c63","block_type":"box","text":"damages of any kind relating to the use of such","page_number":3,"box":{"x":515,"y":808,"width":198,"height":8}},{"id":"8067c6c0-d44c-4909-bc02-c46b9942f5b3","block_type":"box","text":"data.","page_number":3,"box":{"x":515,"y":817,"width":21,"height":7}},{"id":"869ff98c-6f99-4933-be92-ccfb85107db8","block_type":"box","text":"©","page_number":3,"box":{"x":515,"y":826,"width":4,"height":4}},{"id":"520f817e-1156-4a75-b355-db1ffe73e4fd","block_type":"box","text":"[2026] Morningstar, Inc. All rights reserved.","page_number":3,"box":{"x":522,"y":827,"width":181,"height":8}},{"id":"0b9f591b-c1cb-410d-acaf-a6fee3417b42","block_type":"box","text":"The information contained herein: (1) is","page_number":3,"box":{"x":515,"y":836,"width":163,"height":7}},{"id":"32afac17-a37a-4f1c-b23b-eefcd1b044c1","block_type":"box","text":"proprietary to Morningstar and/or its content","page_number":3,"box":{"x":515,"y":846,"width":189,"height":8}},{"id":"1b866f03-3154-4f97-abed-ac01fff65102","block_type":"box","text":"providers; (2) may not be copied or distributed;","page_number":3,"box":{"x":515,"y":855,"width":197,"height":8}},{"id":"7175937c-7561-4ece-83a6-798b462dc23a","block_type":"box","text":"and (3) is not warranted to be accurate,","page_number":3,"box":{"x":515,"y":865,"width":165,"height":7}},{"id":"4b44b97b-b203-4261-9ba3-1a078995824d","block_type":"box","text":"complete, or timely. Neither Morningstar nor its","page_number":3,"box":{"x":515,"y":874,"width":198,"height":8}},{"id":"48676b92-b9dd-4a1e-966a-43579a344ded","block_type":"box","text":"content providers are responsible for any","page_number":3,"box":{"x":515,"y":884,"width":174,"height":8}},{"id":"cca93ae2-e996-4125-9121-5f20cc48f952","block_type":"box","text":"damages or losses arising from any use of this","page_number":3,"box":{"x":515,"y":893,"width":194,"height":8}},{"id":"c2f7de95-6382-48e2-af66-f6715714bdd1","block_type":"box","text":"information. Past performance is no guarantee","page_number":3,"box":{"x":515,"y":903,"width":196,"height":8}},{"id":"a3376fa0-24ed-492a-9840-555e04343664","block_type":"box","text":"of future results.","page_number":3,"box":{"x":515,"y":912,"width":69,"height":7}},{"id":"012bc568-fd10-478c-937d-22f50d711178","block_type":"box","text":"The Morningstar Medalist RatingTM is the","page_number":3,"box":{"x":749,"y":257,"width":177,"height":7}},{"id":"404076a6-e582-482d-aee6-8eea8ad7e923","block_type":"box","text":"summary expression of Morningstar’s forward","page_number":3,"box":{"x":749,"y":266,"width":198,"height":8}},{"id":"6e64040d-d20d-4f6f-8ba6-8a3f7144a32c","block_type":"box","text":"looking analysis of investment strategies as","page_number":3,"box":{"x":750,"y":276,"width":183,"height":7}},{"id":"3a69d79b-7bb0-4314-9911-971468df194f","block_type":"box","text":"offered via specific vehicles using a rating scale","page_number":3,"box":{"x":749,"y":285,"width":200,"height":8}},{"id":"b399b32d-6002-43d3-92b8-a282f6c16894","block_type":"box","text":"of Gold, Silver, Bronze, Neutral, and Negative.","page_number":3,"box":{"x":749,"y":295,"width":188,"height":7}},{"id":"157f8515-471d-447e-bf76-b0fe00ef1bdc","block_type":"box","text":"The Medalist Ratings indicate which","page_number":3,"box":{"x":749,"y":304,"width":152,"height":8}},{"id":"78e513aa-8cf5-4a25-9c3e-36d8d8249970","block_type":"box","text":"investments Morningstar believes are likely to","page_number":3,"box":{"x":750,"y":314,"width":193,"height":7}},{"id":"5ba6e751-dbd3-4a8d-bccf-fb3d0144b500","block_type":"box","text":"outperform a relevant index or peer group","page_number":3,"box":{"x":749,"y":323,"width":177,"height":8}},{"id":"730f326e-8b64-44d7-a263-9cdafeaabd1f","block_type":"box","text":"average on a risk-adjusted basis over time.","page_number":3,"box":{"x":749,"y":333,"width":179,"height":7}},{"id":"4564bcec-9140-4a50-8e1e-a3d0be6947c9","block_type":"box","text":"Investment products are evaluated on three key","page_number":3,"box":{"x":750,"y":342,"width":202,"height":8}},{"id":"d4acb18d-a590-421f-b218-2e9fef78b0b9","block_type":"box","text":"pillars (People, Parent, and Process) which,","page_number":3,"box":{"x":750,"y":352,"width":179,"height":7}},{"id":"075de11b-dc6c-4b9f-93c3-de3ac0c4eb70","block_type":"box","text":"when coupled with a fee assessment, forms the","page_number":3,"box":{"x":749,"y":361,"width":201,"height":8}},{"id":"7bf716af-16d6-4d56-857a-a9d6ffe53026","block_type":"box","text":"basis for Morningstar’s conviction in those","page_number":3,"box":{"x":750,"y":371,"width":177,"height":7}},{"id":"45eb3b51-9dfc-43e0-baf5-6cb8936c6d48","block_type":"box","text":"products’ investment merits and determines","page_number":3,"box":{"x":750,"y":380,"width":188,"height":8}},{"id":"403bc889-5e43-4724-ad2a-d1d4f5c11787","block_type":"box","text":"the Medalist Rating they’re assigned. Pillar","page_number":3,"box":{"x":749,"y":390,"width":178,"height":7}},{"id":"e2a0d63a-52de-4402-9c93-375460698d43","block_type":"box","text":"ratings take the form of Low, Below Average,","page_number":3,"box":{"x":750,"y":399,"width":185,"height":8}},{"id":"8303b5b5-2876-4cc6-ab01-db0847df6244","block_type":"box","text":"Average, Above Average, and High. Pillars may","page_number":3,"box":{"x":749,"y":409,"width":195,"height":8}},{"id":"04747e21-2e7c-4370-a8e2-de5c290a888c","block_type":"box","text":"be evaluated via an analyst’s qualitative","page_number":3,"box":{"x":750,"y":418,"width":167,"height":8}},{"id":"61b071ac-20f9-4ae6-bb81-c2dd30ba4cd2","block_type":"box","text":"assessment (either directly to a vehicle the","page_number":3,"box":{"x":749,"y":428,"width":181,"height":7}},{"id":"cd392597-2f00-41d5-b139-63f845eb41df","block_type":"box","text":"analyst covers or indirectly when the pillar","page_number":3,"box":{"x":749,"y":437,"width":179,"height":8}},{"id":"5bcb7320-41e8-4e19-bb18-f6162c0a0fba","block_type":"box","text":"ratings of a covered vehicle are mapped to a","page_number":3,"box":{"x":750,"y":447,"width":185,"height":8}},{"id":"4c109b1b-e85c-45ac-8d3c-c7753c318ac8","block_type":"box","text":"related uncovered vehicle) or using algorithmic","page_number":3,"box":{"x":750,"y":456,"width":197,"height":8}},{"id":"5b3a8ec2-dfdd-4b78-a0bb-ab1151401b9f","block_type":"box","text":"techniques. Vehicles are sorted by their","page_number":3,"box":{"x":749,"y":466,"width":167,"height":7}},{"id":"a4c337ba-a32b-4f75-9877-57746179c1e3","block_type":"box","text":"expected performance into rating groups","page_number":3,"box":{"x":749,"y":475,"width":173,"height":8}},{"id":"9aec47cb-7583-4891-a6dc-f10267cb8e8e","block_type":"box","text":"defined by their Morningstar Category and their","page_number":3,"box":{"x":749,"y":485,"width":202,"height":8}},{"id":"c930e5a4-2b39-4bd9-9bdc-60630a098cd7","block_type":"box","text":"active or passive status. When analysts directly","page_number":3,"box":{"x":749,"y":494,"width":200,"height":8}},{"id":"f662c2e2-1451-4764-80df-d2582eedf55c","block_type":"box","text":"cover a vehicle, they assign the three pillar","page_number":3,"box":{"x":749,"y":504,"width":179,"height":8}},{"id":"6af7d6a9-cd39-4c93-a3ac-f6a89f907439","block_type":"box","text":"ratings based on their qualitative assessment,","page_number":3,"box":{"x":750,"y":513,"width":194,"height":8}},{"id":"de9b2704-786d-4231-af59-3e7fc3895131","block_type":"box","text":"subject to the oversight of the Analyst Rating","page_number":3,"box":{"x":749,"y":523,"width":191,"height":8}},{"id":"62d48f38-de3d-4f47-aed1-8b9212a0d8ea","block_type":"box","text":"Committee, and monitor and reevaluate them at","page_number":3,"box":{"x":749,"y":532,"width":204,"height":7}},{"id":"622cd7a4-d34c-44d6-9e9a-d5b26c20afb9","block_type":"box","text":"least every 14 months. When the vehicles are","page_number":3,"box":{"x":750,"y":542,"width":188,"height":7}},{"id":"5a0bd2d8-bac9-4f86-b8b9-c8beb085c3c5","block_type":"box","text":"covered either indirectly by analysts or by","page_number":3,"box":{"x":749,"y":551,"width":177,"height":8}},{"id":"9af72b6e-8dc1-40a1-8a75-b02d2f791d56","block_type":"box","text":"algorithm, the ratings are assigned monthly. For","page_number":3,"box":{"x":749,"y":561,"width":201,"height":8}},{"id":"628bae26-4cda-468a-ba65-8287f1df7ee2","block_type":"box","text":"more detailed information about these ratings,","page_number":3,"box":{"x":750,"y":570,"width":195,"height":8}},{"id":"62c38fd1-b338-4a96-a277-eceb287b55fe","block_type":"box","text":"including their methodology, please go to","page_number":3,"box":{"x":750,"y":580,"width":172,"height":8}},{"id":"e7d2f051-fd49-489d-83f0-a06a0ab6a12c","block_type":"box","text":"global.","page_number":3,"box":{"x":924,"y":580,"width":28,"height":8}},{"id":"007a46ba-3d6c-45b2-a5bf-3d5a153cc68e","block_type":"box","text":"morningstar.com/managerdisclosures/.","page_number":3,"box":{"x":750,"y":589,"width":165,"height":8}},{"id":"d106ff17-12d2-4e9b-bfbb-38a610699dcb","block_type":"box","text":"The Morningstar Medalist Ratings are not","page_number":3,"box":{"x":749,"y":599,"width":175,"height":8}},{"id":"01c1d1c2-37fa-4b19-9410-c08cec97e2a2","block_type":"box","text":"statements of fact, nor are they credit or risk","page_number":3,"box":{"x":749,"y":608,"width":188,"height":8}},{"id":"8f8f2a4a-061a-491d-83bf-d83e361dbfe0","block_type":"box","text":"ratings. The Morningstar Medalist Rating (i)","page_number":3,"box":{"x":750,"y":618,"width":181,"height":8}},{"id":"94d1a6a7-0365-4ab1-810e-cc4a58347157","block_type":"box","text":"should not be used as the sole basis in","page_number":3,"box":{"x":749,"y":627,"width":162,"height":6}},{"id":"40a63780-ae39-4e7c-9a08-dd13a577ca50","block_type":"box","text":"evaluating an investment product, (ii) involves","page_number":3,"box":{"x":749,"y":637,"width":194,"height":8}},{"id":"1666e412-b57c-48b7-bc55-3b2322ef646d","block_type":"box","text":"unknown risks and uncertainties which may","page_number":3,"box":{"x":750,"y":646,"width":185,"height":8}},{"id":"fc1fac86-362e-4b88-ac5d-86c384a09e4c","block_type":"box","text":"cause expectations not to occur or to differ","page_number":3,"box":{"x":749,"y":656,"width":182,"height":7}},{"id":"02aaa12f-c06d-40fd-919a-3cd0e8506cd3","block_type":"box","text":"significantly from what was expected, (iii) are","page_number":3,"box":{"x":749,"y":665,"width":190,"height":8}},{"id":"a52a3662-28b2-4141-a1e6-019ab7977c86","block_type":"box","text":"not guaranteed to be based on complete or","page_number":3,"box":{"x":750,"y":675,"width":182,"height":8}},{"id":"171e8e61-9249-4b16-a5ef-af53048e0fe7","block_type":"box","text":"accurate assumptions or models when","page_number":3,"box":{"x":749,"y":684,"width":164,"height":8}},{"id":"4fd79c7a-90ef-49a3-adc3-bba01ad3a7a7","block_type":"box","text":"determined algorithmically, (iv) involve the risk","page_number":3,"box":{"x":749,"y":694,"width":197,"height":8}},{"id":"a3824543-e73b-480b-90b0-cec1046738a4","block_type":"box","text":"that the return target will not be met due to","page_number":3,"box":{"x":749,"y":703,"width":182,"height":8}},{"id":"083e9531-708c-47bd-8604-82c1aa907ef3","block_type":"box","text":"such things as unforeseen changes in","page_number":3,"box":{"x":749,"y":713,"width":158,"height":8}},{"id":"3b3f2519-6415-4020-8380-750664097730","block_type":"box","text":"management, technology, economic","page_number":3,"box":{"x":750,"y":722,"width":152,"height":8}},{"id":"c913669b-9357-42f6-b451-5052da7af6b8","block_type":"box","text":"development, interest rate development,","page_number":3,"box":{"x":749,"y":732,"width":172,"height":8}},{"id":"1db0fa0c-6a1b-4351-8856-557e5497ef11","block_type":"box","text":"operating and/or material costs, competitive","page_number":3,"box":{"x":749,"y":741,"width":187,"height":8}},{"id":"71f2a451-6983-4400-8f5b-94b87f355767","block_type":"box","text":"pressure, supervisory law, exchange rate, tax","page_number":3,"box":{"x":750,"y":751,"width":188,"height":8}},{"id":"89de1b86-1aca-42b9-9938-203ebce13bf0","block_type":"box","text":"rates, exchange rate changes, and/or changes in","page_number":3,"box":{"x":750,"y":760,"width":202,"height":8}},{"id":"5e4e4c1d-77a0-4903-a14e-4cd46166a368","block_type":"box","text":"political and social conditions, and (v) should","page_number":3,"box":{"x":750,"y":770,"width":187,"height":8}},{"id":"4d923c19-8262-4dca-9c9c-a3be9563e885","block_type":"box","text":"not be considered an offer or solicitation to buy","page_number":3,"box":{"x":750,"y":779,"width":198,"height":8}},{"id":"0b4678ff-4fde-4315-91be-f4bbdbaf0c9d","block_type":"box","text":"or sell the investment product. A change in the","page_number":3,"box":{"x":749,"y":789,"width":197,"height":8}},{"id":"f22d49c7-416b-46e8-98d0-4fbc65aae53f","block_type":"box","text":"fundamental factors underlying the Morningstar","page_number":3,"box":{"x":749,"y":798,"width":204,"height":8}},{"id":"56c9596d-b84f-42c4-a0f1-1657a1e7ed9c","block_type":"box","text":"Medalist Rating can mean that the rating is","page_number":3,"box":{"x":750,"y":808,"width":180,"height":8}},{"id":"f55294b6-ff97-4130-b128-b695d6e709b1","block_type":"box","text":"subsequently no longer accurate.","page_number":3,"box":{"x":749,"y":817,"width":141,"height":8}},{"id":"04842f7c-ed03-4cad-8de1-b206b987875c","block_type":"box","text":"The whole or any part of this work may not be","page_number":3,"box":{"x":749,"y":827,"width":192,"height":8}},{"id":"f0f5b30d-851b-47ae-bec3-499fac05a0cc","block_type":"box","text":"reproduced, copied or transmitted or any of its","page_number":3,"box":{"x":750,"y":836,"width":196,"height":8}},{"id":"af34fa96-8a57-434d-bb23-316b914d64a7","block_type":"box","text":"contents disclosed to third parties without","page_number":3,"box":{"x":749,"y":846,"width":180,"height":8}},{"id":"5a90179f-43d1-4356-b366-8a4eeac2b93e","block_type":"box","text":"State Street Investment Management’s express","page_number":3,"box":{"x":749,"y":855,"width":201,"height":8}},{"id":"8d7bbe7d-8d62-4298-a561-12f3d769676d","block_type":"box","text":"written consent.","page_number":3,"box":{"x":749,"y":865,"width":69,"height":6}},{"id":"643dff32-0b88-4195-bdd6-f279b4835ec1","block_type":"box","text":"©","page_number":3,"box":{"x":749,"y":885,"width":5,"height":4}},{"id":"626774ff-c1de-49c9-bffc-09dc1d6a20a2","block_type":"box","text":"2026 State Street Corporation.","page_number":3,"box":{"x":756,"y":886,"width":131,"height":7}},{"id":"94a1dadb-4682-43d3-9dff-0df866f10da8","block_type":"box","text":"All Rights Reserved.","page_number":3,"box":{"x":749,"y":895,"width":84,"height":8}},{"id":"080b1865-4a84-4cc1-8d29-1a1cf0c474b6","block_type":"box","text":"Expiration Date: 30/09/2027","page_number":3,"box":{"x":750,"y":905,"width":121,"height":7}}],"unit":"per_mille","page_width":595,"page_height":841,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":3}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"96fa3fd2-bf92-47cb-bbd1-898083d9a651"},"user_id":1000002,"date_created":"2026-10-06T21:08:41.741000Z","date_modified":"2026-10-06T21:08:41.741000Z","private":false}