{"annotation_id":"79668e74-c13d-4952-8b9a-f168c0bb4565","file_hash":"c60545cc36d8f6f5226fee228f0b288478ac64d6da07be69818e93708dceecca","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"8e60816f-4c74-4363-88c4-222031867e22","block_type":"box","text":"State Street® SPDR® MSCI Europe","page_number":1,"box":{"x":51,"y":71,"width":586,"height":23}},{"id":"4b5f7cf1-184f-4df6-89e9-4c91e472943f","block_type":"box","text":"Small Cap Value Weighted UCITS ETF","page_number":1,"box":{"x":51,"y":105,"width":649,"height":23}},{"id":"e24d901f-e2c2-4767-ac3a-14c4ce543555","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"43f7fe29-410f-4133-a334-8fbeed77782f","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"512a93db-2137-4bad-a186-b1407a82c2bc","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"4ae254c7-8fb5-442b-b736-38784b21782a","block_type":"box","text":"IE00BSPLC298","page_number":1,"box":{"x":754,"y":107,"width":83,"height":6}},{"id":"2d407c55-07ea-4498-8842-586cbb6b865f","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"9d0f5533-55da-4d18-9665-51a62ac12ea4","block_type":"box","text":"Unless otherwise stated in the fund's governing legal documents, the metrics referred to in this report do not form part of the investment objectives or","page_number":1,"box":{"x":51,"y":174,"width":884,"height":9}},{"id":"19f0c32f-ea3e-497e-8129-730946a5f6d8","block_type":"box","text":"investment policy of the fund. The provision of the information in this report should not be construed as a representation of the fund’s current or future","page_number":1,"box":{"x":51,"y":187,"width":888,"height":9}},{"id":"0eb7aa57-ce44-4156-a52f-8707d39564a7","block_type":"box","text":"investment objective, nor its sustainable characteristics. It should not be viewed as an indicator of the fund manager’s current or future investment","page_number":1,"box":{"x":51,"y":200,"width":866,"height":9}},{"id":"971d328e-eda6-435e-8ba2-8c3cb45959d6","block_type":"box","text":"decision-making. Please refer to the fund’s governing legal documents for further information with respect to the fund, including its investment","page_number":1,"box":{"x":50,"y":213,"width":842,"height":9}},{"id":"b9081a6d-a574-4c40-89e4-6309976ba6e8","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":226,"width":560,"height":8}},{"id":"95b377fc-e8ee-43b5-beeb-945fd3328ec7","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"abe5558c-5dca-4385-92e4-a2c667d5c8d2","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":307,"width":852,"height":8}},{"id":"eaccc964-09d7-4cbc-a003-3a2d7248b067","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":321,"width":875,"height":7}},{"id":"97fc2250-56f8-46e4-9ffe-2c323f7efa5b","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":332,"width":481,"height":7}},{"id":"ec43ba44-7a97-40cf-be5c-d69602afede9","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"2cf0acd6-8d48-4957-b124-f774c2a7590b","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"11ccbaaa-bdc8-4a0e-b7e9-54d089035ae0","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"79fe2cbc-a323-4193-8d58-78865b916f19","block_type":"box","text":"7.99%","page_number":1,"box":{"x":104,"y":402,"width":51,"height":8}},{"id":"16cdbb70-ec11-432b-8142-32c8804f2ff2","block_type":"box","text":"5.59%","page_number":1,"box":{"x":338,"y":402,"width":51,"height":8}},{"id":"69c3412a-a729-422c-9430-783d4487e7d8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"b241a656-4b83-4b9c-83b1-8f6df9f9e397","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"170933eb-2e60-4fb5-8424-7d971a1e1122","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"9997972e-c214-4545-a975-b66ce0932bd4","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":432,"width":53,"height":6}},{"id":"1d4cde1c-2f61-4491-a8b9-1ce9b2d6a80e","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"85e41960-bf06-4e0a-8d49-6b38a996aa29","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"f0c42687-2601-47d9-a10e-fdbcfae82423","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"35ca225d-2833-497b-a872-03f2f6e19673","block_type":"box","text":"2.41","page_number":1,"box":{"x":105,"y":512,"width":39,"height":7}},{"id":"c713dda5-31d1-4808-8f43-29d42b8e337b","block_type":"box","text":"0.18","page_number":1,"box":{"x":338,"y":512,"width":40,"height":8}},{"id":"6e7bd04b-1239-4850-8086-efacb441d640","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"4ba9b9e2-b137-46b3-a1b3-877fecbbedae","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"71180117-6f40-47ac-bb7b-75d16fa219a1","block_type":"box","text":"98.53%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"e85601cf-c80a-4f9c-a460-698d5b0c04fb","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"40f9359a-3c09-4467-b8d5-f9af7820f6bc","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"7c69a968-14d4-4ce3-b6b0-1dd3d406bcf4","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"7d3ee3c8-ad37-4723-9478-fd2fc0af0eca","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"26fda44f-746c-4569-a054-e639cc576936","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"f38d299a-ed3f-4e42-bc03-76c987b98318","block_type":"box","text":"107.46","page_number":1,"box":{"x":314,"y":617,"width":45,"height":5}},{"id":"6c0502c2-294f-4fb8-b892-654db96d4839","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":617,"width":53,"height":5}},{"id":"d8b04cbb-c24c-4ceb-b8c0-d484e1a57730","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"be2100bf-e54f-4390-8912-39be1173a6fd","block_type":"box","text":"16.06","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"4d8fb019-617b-43c3-b04b-e3f987720ddb","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":633,"width":53,"height":6}},{"id":"e3f95856-a640-4031-ab75-26b4629b9668","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"d891b880-3632-4635-967c-f504455c2764","block_type":"box","text":"816.49","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"b66ffbb5-02c6-427d-b9c1-e5a5015ed8b8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":650,"width":53,"height":6}},{"id":"a735aee5-2bb4-4aa6-b883-3c6022ecb054","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"7ba728a4-5211-41fb-a1dc-f1c2b955ca29","block_type":"box","text":"123.53","page_number":1,"box":{"x":314,"y":666,"width":45,"height":6}},{"id":"0286e947-0c07-4dcd-892c-079b570f9336","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":666,"width":53,"height":6}},{"id":"684c5cd5-1432-4ff1-aef9-6d8aa0717a51","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"a6a1d368-b101-4a68-8675-d6476ba87819","block_type":"box","text":"975.34","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"4bcda4db-bb84-4c49-a61a-56b88880122f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":683,"width":53,"height":6}},{"id":"381677e8-67e5-4e5a-9006-f70a9d339834","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"6db4a152-d5b8-4537-a868-f2fced2c6c0f","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"56becf8d-3456-4023-afa1-a9d510f4d3d6","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"49026206-6937-4ed3-b01c-38ce5e0ad7bf","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"61429474-f0a4-416b-bfb1-bdf925b5ed08","block_type":"box","text":"102,256.26","page_number":1,"box":{"x":765,"y":417,"width":76,"height":7}},{"id":"487eb815-5e38-4885-9e14-af63033242a5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":417,"width":52,"height":6}},{"id":"6602dd18-2db9-4148-9783-9cbb7e6aacea","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"203015bb-53e1-4a9c-9122-cb3410dda39c","block_type":"box","text":"15,281.82","page_number":1,"box":{"x":773,"y":433,"width":67,"height":8}},{"id":"7ba3e173-d102-484f-a29b-107155eb5b3c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":433,"width":52,"height":6}},{"id":"79c92afd-4949-44f7-96f7-a84b2b9024e6","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"72b3b987-80aa-4c3c-b3e1-80301e671cbe","block_type":"box","text":"776,971.02","page_number":1,"box":{"x":764,"y":450,"width":76,"height":7}},{"id":"62ce5fa6-5eb2-44dc-b6d0-b1e378121de7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":450,"width":52,"height":6}},{"id":"95e83f98-4baa-469d-9975-1b9a6377d91b","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"2a4bd79b-93db-45f5-a30a-c8c435894f0b","block_type":"box","text":"117,545.61","page_number":1,"box":{"x":765,"y":467,"width":76,"height":7}},{"id":"b5de1ecc-846c-4a4a-8dde-21c7c3d38a25","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":467,"width":52,"height":5}},{"id":"6ddd3c7e-663e-453e-a9a7-1bcfdfe7885b","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"c810bdfa-49fc-422f-b7b7-7c69683b340a","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"433ecadf-e1b9-44b9-99e5-56fc78aef332","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"3077e56a-0fad-41a8-9df2-18180d7e4862","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"d47ed141-d5b6-488a-97af-c302ce968b24","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"745c168b-aca3-40cd-8a35-1f25c6529fda","block_type":"box","text":"93.79","page_number":1,"box":{"x":803,"y":548,"width":37,"height":6}},{"id":"616b51ec-ea52-4d85-862f-5c81567157f7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":548,"width":52,"height":6}},{"id":"012b02b3-81ba-417f-b5df-5ad6a0b2fc8e","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"30478328-2311-4541-a4a7-bfc960c6b7e7","block_type":"box","text":"17.76","page_number":1,"box":{"x":803,"y":564,"width":38,"height":6}},{"id":"f4fce5c4-a79a-4f57-86ee-d842e5160b05","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":564,"width":52,"height":6}},{"id":"ba6135e7-b728-4729-9f88-16aa99e98c79","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"c672d307-e89c-4ec0-93ae-8863b70abf82","block_type":"box","text":"679.75","page_number":1,"box":{"x":795,"y":581,"width":45,"height":6}},{"id":"154d28db-a8d4-4578-a928-f391734866f1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":581,"width":52,"height":6}},{"id":"af74d426-da9c-4a8b-a6dd-eb8f16ecef61","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"fe1d1fa2-6b42-4934-ad2d-11f30df714f1","block_type":"box","text":"111.52","page_number":1,"box":{"x":796,"y":598,"width":44,"height":6}},{"id":"945805c7-2e73-4c7b-8827-2c9b3c9fe1d8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":598,"width":52,"height":6}},{"id":"81420a58-111f-4ae9-9b11-bfb385761ea6","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"3c416739-b23f-4864-99f7-2e13ea29ed12","block_type":"box","text":"798.87","page_number":1,"box":{"x":795,"y":614,"width":45,"height":6}},{"id":"ad55c0fa-9e5f-4df1-b595-08621cc158da","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":614,"width":52,"height":6}},{"id":"687f7471-42c4-41f2-8e95-c66757ac0290","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"8b652cc5-47b3-4338-94e0-ba25cf6651be","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"620cd961-2f68-4195-972f-03b715e3c49c","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"9edcb8b1-f93c-47cf-af87-0602874f4dfc","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"9cacfe66-86e4-428b-a790-1e08c5ea0763","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"8e2ac5d9-89bd-4a7f-86ff-84515abbd93a","block_type":"box","text":"-25.75%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"64e91aa1-8dee-41b5-abd2-52e92e2584e3","block_type":"box","text":"98.83%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"448e0e82-edb1-4394-955d-eacd16df74a6","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"7a087eab-8d88-4598-b7ef-79efaa45135a","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"d9664780-0277-4399-aa7d-a58aa3b1944a","block_type":"box","text":"6.22%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"3b49949e-5a6b-4bc7-9c90-6adcee88088a","block_type":"box","text":"73.71%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"83aca499-d6cf-48ff-8092-16c78b676674","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"594db815-6a68-409f-955e-375363566775","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"d1c5c2d6-98ff-4603-a157-53a7756c528b","block_type":"box","text":"-0.54%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"2602c342-73a3-4c37-ac01-de6f60770d3e","block_type":"box","text":"97.53%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"65ab5c87-a47a-4235-b1f6-a186ffa2bb17","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"9579e5d1-e536-4923-a8d4-69d957d6b747","block_type":"box","text":"-1.57%","page_number":1,"box":{"x":797,"y":780,"width":44,"height":5}},{"id":"40782976-165e-40d6-a865-e8d673f0b2c0","block_type":"box","text":"97.53%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"d5891c7a-2565-4a1f-86ed-db88e98d1bd0","block_type":"box","text":"Report ID: 5649058.1","page_number":1,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"26087761-309e-4939-ac0a-3c64fb24c160","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"f6ed459e-2a44-42cc-b181-d7b2f739d618","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"4d2e68fb-6ab3-43ee-976c-32f2052d122b","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"fe0cd17e-efd8-46c3-8fe1-850eac938199","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"a2e0e429-631e-46d6-b49d-28e8572b7e88","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"83a2d184-5dfb-4ccd-b722-21ee37f672cf","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"bc18c2a7-db7c-4d36-addc-ea91222a05b9","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"6fcc19cf-77d9-4933-8931-e350beaeff3c","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"8bc6319a-37cf-48db-87ea-6de39ec83b70","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"d069e5b2-82c9-4595-9af3-0b2ae20dc36c","block_type":"box","text":"Sustainability data is as of the date identified in the report sections","page_number":2,"box":{"x":51,"y":95,"width":393,"height":8}},{"id":"fe950f6f-96c9-4b63-be0a-9473a88a5a3a","block_type":"box","text":"above, usually on a month lag. All metrics are reported in USD unless","page_number":2,"box":{"x":51,"y":107,"width":405,"height":9}},{"id":"65617705-26d8-4bf6-b0ab-e8609375b4f3","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"6c80c00b-ae7f-484b-9db7-a6d670c85a0a","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"e96cc436-138c-4d34-85bc-04b98245bb95","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"97bd8129-a405-4949-b588-ed49c5967e5c","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"8acdec97-3872-48ae-a61c-c2b6aa867fd3","block_type":"box","text":"applicable to Climate Metrics. To review the data treatments and the","page_number":2,"box":{"x":51,"y":186,"width":408,"height":9}},{"id":"c0b550e2-f297-478e-b552-eb3113332ea9","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"6fd6336c-4083-488c-824f-7204c3c7a604","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"9657aa38-2304-4ec3-bca0-b0f3859738f3","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"ee08dbc4-5fb7-4ab4-afdc-9c01cb557756","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"3e89e81d-995d-4554-9ee9-0aa8144a3c31","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"31620d56-8c2f-4c53-9ccf-96e316ea786b","block_type":"box","text":"is dependent upon the universe covered by SSGA’s","page_number":2,"box":{"x":174,"y":217,"width":303,"height":8}},{"id":"800afed3-fb46-4be5-87da-d10d9a13b96b","block_type":"box","text":"external providers. For certain markets and types of companies, there","page_number":2,"box":{"x":51,"y":229,"width":413,"height":9}},{"id":"e836668f-ab3c-4539-a676-03b840ef2ae2","block_type":"box","text":"may be significant limitations in the availability of data, or in some cases,","page_number":2,"box":{"x":51,"y":242,"width":425,"height":9}},{"id":"dd9f1e17-00ad-4daa-9c36-d06f53c56a08","block_type":"box","text":"no data may be available at all. In such instances, the benchmark index","page_number":2,"box":{"x":51,"y":255,"width":418,"height":9}},{"id":"3f41abd9-f273-4254-a62c-143f77f368cf","block_type":"box","text":"provider, investment manager, an affiliate of the investment manager or","page_number":2,"box":{"x":51,"y":268,"width":422,"height":9}},{"id":"a5148193-dffd-4fb9-b68b-e1729300891f","block_type":"box","text":"another party may use data from a related entity as a proxy or generate","page_number":2,"box":{"x":51,"y":281,"width":422,"height":8}},{"id":"35199336-dada-4f55-befa-f447cba30149","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"bd7b2988-100b-42e5-9cc6-025e38ca9e6d","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"91ce0056-0ef3-44c7-bbe4-16be00f9ceb8","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"004fce61-be98-474a-8067-011596474d62","block_type":"box","text":"Security with Green Revenue for the portfolio level.","page_number":2,"box":{"x":51,"y":324,"width":301,"height":9}},{"id":"8acdf626-668b-472a-8324-1428d4379d8b","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"def5b9d8-3389-4d69-8e3e-e9b6b0f47ad7","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"375ab384-3c60-40c8-bc0e-45caabc32fcf","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":354,"width":425,"height":9}},{"id":"f723b5db-ec2b-44eb-86dc-7582fd2d1437","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":367,"width":411,"height":9}},{"id":"c5341584-e019-48d3-a89e-3f5ff8e1df57","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":380,"width":426,"height":9}},{"id":"e7d340c8-1c46-4f5a-9a9e-718c7a50f77e","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":393,"width":415,"height":9}},{"id":"f697b5b3-9906-42d1-8c6f-7d63567d3246","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":406,"width":419,"height":8}},{"id":"6a61a71b-29b1-4659-9a0b-67a322712600","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"3349dc2d-167d-44f7-8f1b-311bfe5936a6","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"889efafb-d3a9-4e73-9b07-231f3467d04e","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"6a27f27e-d4a9-4800-bb0c-0d52caa7330a","block_type":"box","text":"Security with Brown Revenue for the portfolio level.","page_number":2,"box":{"x":51,"y":449,"width":302,"height":8}},{"id":"d2c6db56-a7e7-4b38-9a6c-c0f4085f0ce6","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"41b43f58-c1fd-4313-ad59-e95e499b600b","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"7e66e41c-a29c-4791-8922-0a61b9477081","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":478,"width":413,"height":10}},{"id":"2444479e-90ee-49e3-868b-9ecbe777c720","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"580cf66f-f38d-4aec-ae75-ba595669ff11","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"a1b9d034-335a-4a3e-a8a8-db4eb15121ad","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"977ff2cf-e952-4ceb-b546-965b1416763a","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"e5da2642-be91-48c0-9701-d12a9d902882","block_type":"box","text":"Scope 3 carbon emissions intensity normalized by enterprise","page_number":2,"box":{"x":91,"y":540,"width":362,"height":9}},{"id":"3f5430c0-02b2-4abe-ab5b-9e4558656f99","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"e37325ad-e6ba-4078-99ce-c5cdae78bf6d","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"dbd108d9-9a19-4960-823e-b9b286065c48","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"eede980f-654f-4889-8f17-999eb5ca9ae0","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":50,"y":583,"width":426,"height":9}},{"id":"fc77d173-bdef-4fa4-8e07-7e04011f651c","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":51,"y":596,"width":418,"height":9}},{"id":"0c42b10e-5a90-49ce-b7d4-96648e466e79","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":51,"y":609,"width":425,"height":9}},{"id":"8387cf55-b117-4871-bd89-853566c8bb10","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":51,"y":622,"width":432,"height":8}},{"id":"890b6821-9095-499d-9230-8c9cdbb89ab4","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":50,"y":635,"width":415,"height":8}},{"id":"43b3ff85-2b26-41e0-af1f-dea8dc4cc768","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":50,"y":647,"width":419,"height":9}},{"id":"df7eb6bb-3673-4d4c-a455-d102c36e200d","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":51,"y":660,"width":398,"height":9}},{"id":"43328400-72de-458d-b78e-c2601c10cb96","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio level.","page_number":2,"box":{"x":50,"y":673,"width":422,"height":9}},{"id":"19a3392b-047d-4b2a-829c-90be8b8408e5","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"3098190c-aa07-4bc5-a6db-e79683c9d51a","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":95,"width":322,"height":7}},{"id":"7ce90c7d-37c7-4e1c-b900-30e00c122d7c","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"d623be0d-97ec-4f1e-8870-f306b7dfad16","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"fd032e47-849c-42d6-b457-37acab4f833a","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":125,"width":317,"height":7}},{"id":"8b39320d-cf88-440c-8c86-a4c866234d63","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":138,"width":388,"height":9}},{"id":"75e1b57f-2116-46f8-88b0-8b7c847acbb6","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":151,"width":383,"height":7}},{"id":"ca3f15de-8eeb-43c2-9f3e-e87b3e2ec664","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":164,"width":391,"height":8}},{"id":"449b94ab-c0fe-438a-bbbd-acd0a40f3977","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"1cf23d83-0f72-4069-b2be-fb7487adacf5","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"39851b32-c7a5-4eb5-94ae-a378f55d5c87","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":194,"width":332,"height":7}},{"id":"1efe272f-2a72-404a-ac70-4563bf9e559b","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":207,"width":386,"height":9}},{"id":"2a06d496-aedf-4d2f-94a9-2ba465a62f09","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"5a153746-bf85-4d00-8322-eb6fad903fa6","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3","page_number":2,"box":{"x":515,"y":237,"width":362,"height":9}},{"id":"164e3581-fffc-4933-bdf4-4bdc86cb17da","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"1779841a-d467-4845-a8df-8ba0b893ef50","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":250,"width":422,"height":9}},{"id":"fb9e3a94-b1d8-4f04-9109-5466e64e8263","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":262,"width":394,"height":10}},{"id":"d88c8a99-33a4-4319-afbb-200b1300ed89","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":275,"width":426,"height":9}},{"id":"60fcb8fa-4d02-42a4-973e-400cba71454c","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"3c5e9483-e40b-4deb-a0f1-dd36cb765c58","block_type":"box","text":"Please note that the scope 1+2 and scope 1+2+3 values for Total Carbon","page_number":2,"box":{"x":516,"y":306,"width":428,"height":9}},{"id":"224609e4-2cfa-4396-8b51-db1a2c7336bc","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":319,"width":412,"height":9}},{"id":"c89081ae-b4a3-4374-a7d9-074dcc0ef7fc","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":332,"width":274,"height":8}},{"id":"a82f3b6f-485e-4a99-bee1-8396c5762e4d","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"3b4e9efe-1df3-4143-8f22-9863b20937fa","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"dca2b029-5e3e-49c2-8413-913012cb45b5","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":345,"width":318,"height":8}},{"id":"1c795548-c78b-46ba-a8c9-7666834663ce","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"ecd1b1d1-7c70-4efa-ba40-ecce846d6205","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":357,"width":335,"height":9}},{"id":"81cd59ce-3506-4d40-91d0-92fb4217afa6","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":370,"width":349,"height":9}},{"id":"49f3ec9d-5c96-4542-93b7-7078284247fe","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"a2b0d33b-588c-4c23-a6b7-23714ccdbaf5","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":383,"width":422,"height":9}},{"id":"e9b0545a-408e-413f-afdb-a27a37111eab","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":396,"width":337,"height":9}},{"id":"69c443f7-a1a3-4903-9a3f-50d92ccd88da","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"ec0dea65-7e79-4fa8-bd59-38eb65daafa4","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"be9241ae-dae9-440d-96ae-07ec107aa843","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":426,"width":405,"height":9}},{"id":"9aa4cf6c-b1f6-4d90-b03c-72823dd748a2","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":439,"width":412,"height":9}},{"id":"8769b888-0ca9-41a6-a458-a112f2a97e04","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":452,"width":419,"height":9}},{"id":"5bf1c0af-586c-40dd-a736-b14e4d128b23","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":465,"width":424,"height":9}},{"id":"56ff6228-d44b-449e-82ca-f942445bc8f8","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":478,"width":406,"height":8}},{"id":"834030e1-15b8-4439-a974-c601d2d373ad","block_type":"box","text":"temperature to an increase of no more than 1.5°C in the year 2100","page_number":2,"box":{"x":515,"y":490,"width":388,"height":9}},{"id":"b568dd5f-354f-4fb5-89fe-5b8763100e0b","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":503,"width":433,"height":9}},{"id":"553af19f-cf9f-4a02-afe6-7c5e762f6559","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":516,"width":418,"height":9}},{"id":"6883528f-3af4-4943-8d01-9eb6c8f5bf38","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":529,"width":417,"height":9}},{"id":"89dc6550-2059-420b-a056-90a9ca22fff5","block_type":"box","text":"fair shares by a similar proportion, by 2100 we would end up in a world","page_number":2,"box":{"x":515,"y":542,"width":412,"height":8}},{"id":"af946126-06c4-4404-809a-4120e40008ce","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":555,"width":411,"height":8}},{"id":"790cbf4b-f1b8-498f-b1fc-aaf652516f91","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":567,"width":425,"height":9}},{"id":"a51b447a-7eed-4856-a764-e399bc7007ca","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":580,"width":433,"height":9}},{"id":"fbc569ac-02db-4e78-8539-4f9bfc81371f","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"1e2c0528-bd78-4a24-b945-b16c6bdfe2a1","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"8497a476-7168-4356-8f9c-026b3498a1da","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"e06298fd-733b-466d-8d30-5a0a3a3ba327","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"2989d6a7-7c4d-4bc0-9f7d-11be433fcd73","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":623,"width":426,"height":9}},{"id":"52d0174d-c4dd-4203-9b58-abb0efb1b025","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":636,"width":431,"height":9}},{"id":"7880dd6e-33a8-457b-8a2d-22ad89ba2c45","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"f2e86462-bacf-4f2d-9b30-11e64af28bc0","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"379dfb92-ce3a-4f7e-b115-b91fab5bcd17","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"2f606bed-b335-49f7-a7ad-1609d5a44b48","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"51d52d3f-f424-4073-a5eb-2d6ee1e09f61","block_type":"box","text":"Report ID: 5649058.1","page_number":2,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"0adcce91-ce4b-4722-aa21-cc703bf8a226","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"49c8e725-cee5-407a-b453-603abdfedd41","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"4a21b8a6-7246-46ab-923b-d5dca5c28446","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"80c652cc-4bb8-4ce6-bf62-e7909216bd04","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"b6607a87-05ce-46b1-9fa8-349b15b4f8e9","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"4cac7954-ef8a-43ef-ada2-2e7ac0609c7f","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"746d50db-86e8-4ac1-a304-a73feb212b96","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"605aba87-3b02-4654-aade-1a027b091edb","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"b42d2caa-73eb-4cb0-8e59-0a6d7d989c3f","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"3bcb3fe8-51eb-4528-a96b-3f4d550fe4fe","block_type":"box","text":"State Street Global Advisors (SSGA) is now State Street Investment","page_number":3,"box":{"x":51,"y":92,"width":433,"height":8}},{"id":"89938eb8-3045-41f3-8a17-d3020e324398","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"11dfa391-de2d-4dca-b274-8fd88d7f5e9a","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"00c91397-f042-438b-8051-d0198a287ad8","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"5e3478c5-bdf7-43e5-82a1-3c79d67b919c","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"80a110eb-ac8d-4cdf-a165-ef48a2289d96","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"aeb0dafa-5fb0-4885-8607-d2237748b457","block_type":"box","text":"The information presented above is intended to provide transparency","page_number":3,"box":{"x":51,"y":158,"width":413,"height":8}},{"id":"eadc6ac9-94b3-43c3-b012-a1f46215d433","block_type":"box","text":"to investors around sustainability characteristics of the fund. Presenting","page_number":3,"box":{"x":50,"y":170,"width":427,"height":9}},{"id":"29ece002-677b-489e-8927-2b81ac3a6c80","block_type":"box","text":"this information should not be construed as a representation of the fund’s","page_number":3,"box":{"x":50,"y":183,"width":434,"height":9}},{"id":"0786fdcb-8835-438b-a848-dcd46d928dbf","block_type":"box","text":"current or future investment objective, nor should it be viewed as an","page_number":3,"box":{"x":51,"y":196,"width":400,"height":9}},{"id":"ea2f7ce1-1bf4-4574-a32b-43d61ff01e59","block_type":"box","text":"indicator of the fund manager’s current or future investment decision","page_number":3,"box":{"x":51,"y":209,"width":413,"height":9}},{"id":"d5f416f6-4f3d-41ae-85ef-4d3c84c84e45","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"fb792369-3d46-4112-b836-24c96036f271","block_type":"box","text":"Investing involves risk including the risk of loss of principal.","page_number":3,"box":{"x":51,"y":239,"width":345,"height":9}},{"id":"2e2bb3b1-fd8d-4e76-a513-12522c38f28c","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or","page_number":3,"box":{"x":51,"y":257,"width":405,"height":9}},{"id":"60413f8e-9218-479b-87b6-9a49e3a736d4","block_type":"box","text":"transmitted or any of its contents disclosed to third parties without","page_number":3,"box":{"x":50,"y":270,"width":395,"height":8}},{"id":"695c343b-57e6-488a-9499-db21e77dd613","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"737f34d8-af11-400f-974b-bd167d7c6ba3","block_type":"box","text":"All information is from SSGA unless otherwise noted and has been","page_number":3,"box":{"x":51,"y":300,"width":393,"height":7}},{"id":"337dade1-0137-41d1-8221-934703682131","block_type":"box","text":"obtained from sources believed to be reliable, but its accuracy is not","page_number":3,"box":{"x":51,"y":313,"width":403,"height":9}},{"id":"fe9bb34d-e06f-40c3-bcae-b3b10108cdc1","block_type":"box","text":"guaranteed. There is no representation or warranty as to the current","page_number":3,"box":{"x":51,"y":326,"width":406,"height":9}},{"id":"2c4b242f-94d6-4675-b432-083bc896a714","block_type":"box","text":"accuracy, reliability or completeness of, nor liability for, decisions based","page_number":3,"box":{"x":51,"y":339,"width":421,"height":8}},{"id":"95c20348-4c14-43e8-92eb-4b8f65cb4b17","block_type":"box","text":"on such information and it should not be relied on as such.","page_number":3,"box":{"x":51,"y":351,"width":341,"height":7}},{"id":"d438d8c7-7093-4b27-90f5-fb62be01fda2","block_type":"box","text":"The information provided does not constitute investment advice as such","page_number":3,"box":{"x":51,"y":369,"width":429,"height":9}},{"id":"f7f834cb-bbb6-4a3a-aead-165f1de2b9d9","block_type":"box","text":"term is defined under the Markets in Financial Instruments Directive","page_number":3,"box":{"x":50,"y":382,"width":402,"height":7}},{"id":"6988a4fa-c13b-4811-8d76-6954e05bb803","block_type":"box","text":"(2014/65/EU) or applicable Swiss regulation and it should not be relied on","page_number":3,"box":{"x":51,"y":394,"width":433,"height":9}},{"id":"3af82637-ef48-424a-8038-7a223a7d8777","block_type":"box","text":"as such. It should not be considered a solicitation to buy or an offer to sell","page_number":3,"box":{"x":51,"y":407,"width":430,"height":9}},{"id":"e57af412-e788-4f72-8c1a-b22470556823","block_type":"box","text":"any investment. It does not take into account any investor’s or potential","page_number":3,"box":{"x":51,"y":420,"width":420,"height":9}},{"id":"3a0cf625-0fb1-4a0e-bce4-14524e7c4b1a","block_type":"box","text":"investor’s particular investment objectives, strategies, tax status, risk","page_number":3,"box":{"x":51,"y":433,"width":408,"height":9}},{"id":"c7445a7e-8094-4e05-aba6-095b3e865599","block_type":"box","text":"appetite or investment horizon. If you require investment advice you","page_number":3,"box":{"x":51,"y":446,"width":401,"height":9}},{"id":"52122a2e-22e7-43c6-a612-8dd0e430a846","block_type":"box","text":"should consult your tax and financial or other professional advisor.","page_number":3,"box":{"x":51,"y":459,"width":391,"height":8}},{"id":"e6aa4b73-a3ba-4594-9469-3875940a126f","block_type":"box","text":"The information contained in this communication is not a research","page_number":3,"box":{"x":51,"y":476,"width":421,"height":7}},{"id":"1c320089-e40b-44f6-b564-6983d36eabcb","block_type":"box","text":"recommendation or ‘investment research’ and is classified as a","page_number":3,"box":{"x":51,"y":489,"width":400,"height":7}},{"id":"eca4d417-4b43-435f-a302-24864756be38","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"5c2b4edf-9b12-46f6-b704-8f5d066d896f","block_type":"box","text":"regional regulation. This means that this marketing communication","page_number":3,"box":{"x":51,"y":515,"width":427,"height":9}},{"id":"a58a6048-154b-49a8-aed9-ca107807b5d0","block_type":"box","text":"(a) has not been prepared in accordance with legal requirements","page_number":3,"box":{"x":51,"y":527,"width":411,"height":9}},{"id":"fe5033e6-2e13-43c1-af32-02b20f4b1be6","block_type":"box","text":"designed to promote the independence of investment research","page_number":3,"box":{"x":51,"y":540,"width":400,"height":9}},{"id":"9d4bf255-c072-4505-b737-fd1ae065ce6c","block_type":"box","text":"(b) is not subject to any prohibition on dealing ahead of the","page_number":3,"box":{"x":51,"y":553,"width":371,"height":9}},{"id":"c0fb5d87-b80e-415d-a47b-0a842fff0e5c","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"3cf8468d-a40a-46af-aa59-20a9fa2daada","block_type":"box","text":"This communication is directed at professional clients (this includes","page_number":3,"box":{"x":51,"y":584,"width":402,"height":8}},{"id":"5e41ccfb-eb6b-4f97-9fb8-81864e0a1435","block_type":"box","text":"eligible counterparties as defined by the appropriate EU regulator)","page_number":3,"box":{"x":51,"y":596,"width":392,"height":9}},{"id":"e8dba9b6-a247-4b61-a30a-2f5dc06cd9c5","block_type":"box","text":"who are deemed both knowledgeable and experienced in matters","page_number":3,"box":{"x":50,"y":609,"width":390,"height":9}},{"id":"cd235073-7951-42ac-bee7-ef8ded97bba1","block_type":"box","text":"relating to investments. The products and services to which this","page_number":3,"box":{"x":51,"y":622,"width":377,"height":9}},{"id":"da678679-80ce-4f37-b979-55cd7f239d50","block_type":"box","text":"communication relates are only available to such persons and persons","page_number":3,"box":{"x":51,"y":635,"width":417,"height":9}},{"id":"eb51c1ff-d9ff-4a3d-908b-2019d0d8258c","block_type":"box","text":"of any other description (including retail clients) should not rely on this","page_number":3,"box":{"x":51,"y":648,"width":414,"height":9}},{"id":"3974a845-a40d-4ecd-a6e2-792ce8f8b1b2","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"cd7dcace-7227-4113-9791-2046d75a663e","block_type":"box","text":"Equity securities may fluctuate in value and can decline significantly in","page_number":3,"box":{"x":51,"y":678,"width":414,"height":9}},{"id":"5b39b8f2-b7a2-4dbb-a0b5-689f88d1424e","block_type":"box","text":"response to the activities of individual companies and general market","page_number":3,"box":{"x":51,"y":691,"width":411,"height":9}},{"id":"1b8290b7-07a9-48ba-815d-29552970df7d","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"c9ae52a5-aa12-42a5-957f-20f35552aa3f","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":721,"width":430,"height":9}},{"id":"1788c33b-a956-44cb-80e5-4f028d1ae8ff","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":734,"width":420,"height":9}},{"id":"6da1dfd3-e82d-4e0e-ab38-19dc0d891899","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":747,"width":372,"height":9}},{"id":"2f627914-9e4a-4826-9819-878de3d83dd5","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":765,"width":414,"height":8}},{"id":"cfa5960f-8e60-449f-96ec-480140e9f604","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":777,"width":400,"height":9}},{"id":"7a503beb-26ee-4733-beda-d8083b89e288","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":790,"width":396,"height":8}},{"id":"5af0cc02-85e1-4c5b-9285-6b7db6bf33f5","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":803,"width":416,"height":8}},{"id":"9a0a7143-d861-47b6-b1db-f9cbd4868ee8","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":816,"width":403,"height":9}},{"id":"76e9f4a3-4757-48f9-ad7e-9f6870ec9c2c","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":829,"width":407,"height":8}},{"id":"0b0509cb-43ac-45ac-a7d7-1cb2d998f3a0","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":842,"width":410,"height":8}},{"id":"41703d72-6d36-4046-b0a6-1d013d04ecbe","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":51,"y":854,"width":414,"height":9}},{"id":"0d0ccdbf-aa97-49f0-aa81-245e11023170","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":51,"y":867,"width":428,"height":9}},{"id":"12c45c7d-9f24-42d8-82c1-05803dd15b9a","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":51,"y":880,"width":432,"height":9}},{"id":"8a3071b4-f8b7-4d75-8fb4-1b176a38e7b6","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":51,"y":893,"width":421,"height":9}},{"id":"87b7ee6b-02b3-4cd7-b627-607e4eff9ce9","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":51,"y":906,"width":430,"height":8}},{"id":"c203b12f-b2d8-4cd7-9983-2da771c5571c","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"cd034aae-1e75-4ce1-bc00-68a752942fba","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":92,"width":416,"height":9}},{"id":"97c37f1e-5c82-47f2-82bb-d68ed84e3da5","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":105,"width":415,"height":8}},{"id":"d30b83da-7bdc-4f29-9293-dfe570037d80","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":118,"width":422,"height":8}},{"id":"d5ed3f8f-c806-4a29-b019-03aef82a7f53","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":130,"width":307,"height":9}},{"id":"85233e40-6820-40bf-a1d0-b86b695ec41a","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"9d1f976b-1fb5-4360-8d52-6a4faff3a0bf","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"166bef4a-97a4-48d9-835c-3623d01662ab","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":143,"width":292,"height":9}},{"id":"c0531857-8ff3-4a21-99ab-2c01c7d107b8","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"7ca4c5be-02b7-4b1a-a34d-c310abc638e9","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":156,"width":421,"height":9}},{"id":"831061d5-2c4c-49b8-800a-b04eda6a1cac","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":169,"width":390,"height":9}},{"id":"42f563a2-6ae4-417c-8c20-47bf286454bc","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"4e8e1e78-d1aa-4563-828c-a4ad74e7fbcf","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":187,"width":418,"height":8}},{"id":"a91398af-2a16-455f-b7d5-5d3a0d625210","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":199,"width":431,"height":9}},{"id":"6907052b-c16e-454c-adea-4b7ea5031995","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":212,"width":354,"height":9}},{"id":"f67172a0-31ce-42de-97ef-cd8210ebdb3b","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":230,"width":403,"height":8}},{"id":"cc39c414-7014-4b9e-a4d6-f38c5e07c3de","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":243,"width":411,"height":8}},{"id":"14d3774e-a06f-4155-824a-0f19a70d7cdb","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":255,"width":401,"height":9}},{"id":"fa3d7f77-1e7f-4e6c-ba64-d15543da4bae","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":268,"width":402,"height":9}},{"id":"8f4fd538-3b5c-415a-bae4-1c352cfdf62c","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":281,"width":416,"height":9}},{"id":"03a5c8c5-6b8c-4d9c-a358-a2755ef7f8c2","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":294,"width":338,"height":9}},{"id":"4b029a2c-7093-4f6f-aa14-e96c053abd78","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":311,"width":408,"height":9}},{"id":"2574e222-0644-4d1f-baf5-f080c8b50163","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":324,"width":416,"height":9}},{"id":"ca6497d2-a869-44df-9d6b-2c4ececa8008","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":337,"width":382,"height":9}},{"id":"fd87c3fa-c855-4068-916e-44a705642781","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":350,"width":397,"height":9}},{"id":"000e16b4-2e0d-490a-9173-e188360a4d1b","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"3f3db98c-42be-4042-af7f-90d916883664","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":380,"width":398,"height":9}},{"id":"c642f58e-ad25-4b3f-9f44-0a7f5714fd20","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":393,"width":407,"height":9}},{"id":"6a800695-c716-4299-91c8-a7321019b47b","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":406,"width":427,"height":9}},{"id":"312bb238-b8ef-415b-a227-415054409ae9","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":419,"width":403,"height":7}},{"id":"4593c5d7-5b81-45ae-b72e-f1f9352eecf8","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":432,"width":393,"height":8}},{"id":"50e61558-eb84-4103-8920-a79145d34990","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"23c9ba6e-8e99-4d1b-a491-b50c4d15b09b","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":462,"width":389,"height":9}},{"id":"b85d862d-1978-428d-b600-415aaab7c721","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":475,"width":379,"height":9}},{"id":"cfae7486-2888-4d70-99aa-32daa36aba6f","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":488,"width":360,"height":8}},{"id":"50657caa-f1af-4214-b571-2185f04c4691","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":505,"width":419,"height":8}},{"id":"bc311bcc-d683-4dd3-b564-62f3f0fb0184","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":518,"width":431,"height":9}},{"id":"ea807924-a2f8-4701-bf1f-a3bea87623bc","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":531,"width":428,"height":9}},{"id":"1a01f8e8-bee1-446e-9302-060d84516297","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":544,"width":427,"height":9}},{"id":"b7ca1cf2-7701-4d39-a571-07879217deb9","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":557,"width":411,"height":8}},{"id":"388f747d-268c-4697-8933-67ff99f4906d","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":570,"width":395,"height":8}},{"id":"a50867e7-c549-497c-9304-aaf040c7d34f","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":582,"width":411,"height":9}},{"id":"25f25b96-85d7-48b9-bf02-3ef8e38956dd","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":595,"width":396,"height":9}},{"id":"77c9e997-078e-4072-baff-1953ec2df524","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":608,"width":433,"height":9}},{"id":"2a61d37b-35da-49c7-8e0e-2814e2aa3b09","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":621,"width":420,"height":9}},{"id":"0e3b81ab-f0f0-4e20-bb7a-11cf81cd4e91","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":634,"width":422,"height":8}},{"id":"7182783e-94f3-4dfb-8442-3f59b4321839","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":646,"width":392,"height":9}},{"id":"b8f787ed-6fb4-4a67-89ce-76798ec04140","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":659,"width":407,"height":7}},{"id":"333a59e6-a038-4419-826e-1b95b6424111","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":672,"width":413,"height":7}},{"id":"d69476a3-067d-4676-a0e4-57aae2c1c3da","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":685,"width":412,"height":9}},{"id":"5b9df5d4-3a21-48b6-944a-262a45d4898d","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":698,"width":431,"height":8}},{"id":"cbb8b620-9418-425b-b2f1-d6324198d7c8","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":711,"width":398,"height":8}},{"id":"b358129b-b134-4fe3-a1e9-ca86d0d6bdb4","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":723,"width":403,"height":9}},{"id":"1dbe5ce5-4b74-41c1-8d55-c639b19a95aa","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":736,"width":401,"height":9}},{"id":"f15ba740-d72d-4a5f-b684-dd412baefbf8","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":749,"width":418,"height":9}},{"id":"0c98a3b4-59dc-4df5-bbbf-5da3f039da6d","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":762,"width":428,"height":8}},{"id":"3371c5c3-331e-4b11-aa57-795f1be017ac","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":775,"width":405,"height":8}},{"id":"711845ad-a9b9-4dbf-8da1-80630fdc6320","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":787,"width":426,"height":9}},{"id":"857c3ffc-6bdc-4b8e-b534-70753a37cc79","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"7d4cf128-0ed6-496c-9d71-d0f037e439a1","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":818,"width":429,"height":9}},{"id":"31d127b0-e44c-46ee-853e-d9877ced3203","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":831,"width":428,"height":9}},{"id":"120517d1-3856-4f45-81fb-2ba052354397","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":844,"width":415,"height":8}},{"id":"4d213344-a9c0-4d8c-b5a0-4e1f4c20d736","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":3,"box":{"x":515,"y":856,"width":389,"height":9}},{"id":"d721d9f8-2d85-4dbc-865e-868a8b663d24","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":3,"box":{"x":516,"y":869,"width":432,"height":9}},{"id":"a85ddc70-be3d-451f-8f93-62636c23c5f8","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"f5930198-38a6-4362-8d48-27a826a686eb","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":3,"box":{"x":516,"y":904,"width":360,"height":9}},{"id":"c2fdacc4-9627-4ff9-83a5-16a8e10f2e4d","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":3,"box":{"x":515,"y":917,"width":404,"height":9}},{"id":"594a20c0-0a19-4ebc-ba66-4b82ea810046","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"88eb76cf-87f1-4dc6-97c5-3f1bfef14776","block_type":"box","text":"Report ID: 5649058.1","page_number":3,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"3a8b9391-2666-42bf-a7f3-02f6d24bd6a2","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"ba383d59-3e7a-4fe0-900a-da29b2100e1b","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"c867e618-53d0-47f9-aa15-5aaf23624195","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"bc325b6a-e5c3-4d73-96c1-9fd58be9a3f1","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"4e24748c-5892-4fe4-89f1-36990d3140b0","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"fd8ea5b2-c189-46cb-ac39-1e2f0bc72103","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"0804045a-1503-4b4c-b780-1f66d9c14847","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"9098945a-3bae-481f-88d9-c93ba3dafdee","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"0525d88a-b02f-40e4-886c-4e4b1508a8ec","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":36,"width":433,"height":8}},{"id":"fb8c4b5d-a350-41a8-aa4d-ad7f93747694","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":48,"width":418,"height":9}},{"id":"293b3a13-30c1-4fcd-aa6d-54fa1d404f1e","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":61,"width":398,"height":9}},{"id":"07f0c76d-38ab-4d40-9e5a-235eca708788","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":74,"width":413,"height":9}},{"id":"e295c84f-86cc-4d37-b48c-3c303dea51f9","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":87,"width":292,"height":7}},{"id":"3da9e04d-4090-4fe3-99c9-3dfa795d8af4","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"24e6f5b6-209c-4ce3-9209-4ab52343110c","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"2aa16e89-96c9-4607-bfa0-eb512e75f75d","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"202de1c4-d3b0-409c-aa49-96e3df1eb4fb","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":104,"width":387,"height":7}},{"id":"d874432f-f0c9-4f75-ae82-1e51e05fee9d","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"2b6428a3-2a6d-4091-922a-6d656f069ea6","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":135,"width":385,"height":9}},{"id":"570b51c8-a2a6-4896-87a2-e62df675f180","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":148,"width":403,"height":8}},{"id":"4c819f5d-3e12-42e4-b131-e21f9acbf492","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":160,"width":401,"height":9}},{"id":"6a2fe294-16a4-40d1-9980-b175e8cf344a","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":173,"width":412,"height":9}},{"id":"eefe5d19-83f2-4101-ad80-543ce4df4bf2","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"c1ce50a9-9ef3-4af6-b70a-b7881eba7372","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":204,"width":413,"height":8}},{"id":"319c887c-d95a-4540-99f7-4ba3b7c30234","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"77e3e9e8-db57-4ae0-a2df-2df31d683a27","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":229,"width":427,"height":9}},{"id":"3e912880-aa91-436e-8889-185fa5db21a7","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":242,"width":394,"height":9}},{"id":"a621c66a-4946-4a38-9d87-34ed21e4efe7","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":255,"width":426,"height":9}},{"id":"6ce383aa-dc84-4e65-9459-dbcb5b5ea813","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":268,"width":369,"height":7}},{"id":"d7a4e03e-6173-43d9-be3d-530a4fb9d330","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":281,"width":408,"height":8}},{"id":"4798c375-de4f-4f3e-96bf-20d0e3b60e08","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":294,"width":413,"height":8}},{"id":"9292ea95-ea09-45f6-ab52-27b9f2bda063","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":307,"width":426,"height":8}},{"id":"308b73ce-db39-4d76-a97a-02b681d2740b","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":319,"width":277,"height":7}},{"id":"23e7e8ca-9f0b-48fc-96d7-4b3ea499bfd0","block_type":"box","text":"The fund is an alternative investment fund for the purpose of","page_number":4,"box":{"x":50,"y":337,"width":388,"height":8}},{"id":"758f46b6-17fc-4d65-af1c-9f19fbf71238","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"003d6c3d-e452-45c7-8798-b277911e2d11","block_type":"box","text":"Directive(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds","page_number":4,"box":{"x":51,"y":362,"width":356,"height":8}},{"id":"ebc96083-aaf4-4341-bed8-adda3370d554","block_type":"box","text":"Management, Inc. or State Street Global Advisors Trust Company is","page_number":4,"box":{"x":515,"y":36,"width":431,"height":8}},{"id":"baf7a940-7f88-4ad0-92b2-a1de0e0d29c5","block_type":"box","text":"the alternative investment fund manager (“AIFM”) of the fund and is","page_number":4,"box":{"x":515,"y":48,"width":431,"height":9}},{"id":"e8e524f8-2eed-4060-9314-e8fed1846a19","block_type":"box","text":"an affiliate of State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":61,"width":323,"height":7}},{"id":"c789678e-7d33-4dd3-8684-e7eeb7280aa4","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":79,"width":408,"height":7}},{"id":"79761ca9-9e17-437a-a37e-8479c630608a","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":92,"width":413,"height":8}},{"id":"9c87e0c5-3832-4bd5-aab2-5ad53af1e165","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":104,"width":397,"height":9}},{"id":"3e874307-fb5b-417b-ac92-66f691958b87","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":117,"width":391,"height":9}},{"id":"8f275664-2737-4ef8-a0f8-823b2e61540c","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":130,"width":428,"height":9}},{"id":"0c0c0a19-466b-4071-8420-24140cb499c8","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":143,"width":420,"height":9}},{"id":"e1fa62e5-5cff-4710-beac-a2eb876319d0","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":156,"width":360,"height":9}},{"id":"3880012e-5c50-4e19-9efa-91ba81278194","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":169,"width":374,"height":8}},{"id":"8c50f738-33e6-4aef-a916-a9b65e8eeda2","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":186,"width":419,"height":9}},{"id":"78e67326-ae09-48fd-96d2-c163554bf074","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":199,"width":404,"height":9}},{"id":"b7be8f04-be06-4306-85fb-29c5d33efd43","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":212,"width":401,"height":9}},{"id":"23a1503e-3b01-4372-bfac-e1d7bbdc93dd","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":225,"width":392,"height":8}},{"id":"4d2df23e-a56a-4d53-9a0b-170bfa7ed352","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"eae578b5-9563-4b1c-8034-ca38f076d2ea","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":255,"width":417,"height":9}},{"id":"9b9adf55-c8cc-429a-9f15-c4338da7d5bd","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":268,"width":393,"height":9}},{"id":"02187860-ccbe-4675-8d63-b8ea0bbe9430","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":281,"width":411,"height":8}},{"id":"b891e75e-28e9-4e83-9b7e-e649cae100b2","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"7444cf58-fc1f-4e1c-9049-3691130f5ad5","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"69dff2c6-079a-4cfc-b45e-532ed687fe8f","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"d6a2aac4-32f5-47bb-ad95-acd1ec52db16","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"02ea2b1b-7186-4faa-8732-395211b33e36","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"1fd0f8d8-5bdb-41a0-be93-f944c3769cd4","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"d69d5543-0f95-4395-a800-94474b6fbf8d","block_type":"box","text":"Report ID: 5649058.1","page_number":4,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"2188810c-de33-4ca5-ab1c-f8087b462849","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"95eb12f6-1804-4c7e-9276-60b5b7e947e7","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"67007f11-2007-42d9-b762-0832cb685bd7","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"04253f7c-b30a-490c-a2f6-9250fb627d8a","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"992b7b58-6629-46b0-89a3-9c174da6eafa","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"2201be68-f3ce-4570-9930-fb1265d1bfc7","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"18cbc9de-beb1-43d4-9ffc-753afba856d8","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"7ab91e84-1a9b-4ea4-84bd-9c8312ddfe53","block_type":"box","text":"4","page_number":4,"box":{"x":943,"y":968,"width":7,"height":6}}],"unit":"per_mille","page_width":595,"page_height":[{"value":841,"pages":[1]},{"value":842,"pages":[2,3,4]}],"attributes":{"chunk_type":"page_range","start_page":1,"end_page":4}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"97ff0226-1951-41ee-a159-bef05bce8025"},"user_id":1000002,"date_created":"2026-10-17T01:14:16.540000Z","date_modified":"2026-10-17T01:14:16.540000Z","private":false}