{"annotation_id":"7b515610-f1de-4805-92e3-61f59259f4fb","file_hash":"1b8ee4ad5fd51be9125584ef107f3caa07293f9d4e1de42ac6fb4d34081cfec3","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"8b817e8c-5020-4f8f-beb2-1b30992f37b0","block_type":"box","text":"State Street® SPDR® MSCI Europe","page_number":1,"box":{"x":51,"y":71,"width":586,"height":23}},{"id":"be6f2c86-ff17-494b-89f2-0ac1db36be21","block_type":"box","text":"Energy UCITS ETF","page_number":1,"box":{"x":52,"y":105,"width":317,"height":23}},{"id":"d30aa160-b868-41ac-b584-dd5cc19d81c0","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"72820b5e-3a61-420f-98f7-1dac709177bd","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"a58ea22b-6102-4f51-8909-71869503e98e","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"d7f4371c-adb8-4bab-b36f-bc002b3ce4b1","block_type":"box","text":"IE00BKWQ0F09","page_number":1,"box":{"x":754,"y":107,"width":90,"height":6}},{"id":"6383b019-a266-40cb-9906-7910781f2226","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"9c942bae-3f65-4ee4-b4ca-ff1bf5f583e3","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":"2eead43f-1c85-4f36-a97d-baa8454368cd","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":"0a6e7b0b-6262-4b00-a79b-9167b63930ab","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":"4ed04077-2c01-48b1-a96f-35cd8facf0b2","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":"3f9cc1a1-61a5-44cd-ae57-364232879661","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":"e9699021-7d57-43ac-a655-35ad391cc063","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"a31d2fd0-5c98-4702-aae2-9ab2ce099242","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":"30e5acdd-5d30-4ab8-9614-3056cc074603","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":"3e1352d3-12d2-4e2d-91a9-bb70d2d6a968","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":"0f887bc7-92da-41b3-b52e-8219ff6358a2","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"741cb6a2-e6d9-4664-b810-77a84edb844d","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"7781be93-af38-4a8e-a21b-2e90b8ce57e9","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"7303f331-be11-4334-b439-b74a0da0a042","block_type":"box","text":"7.99%","page_number":1,"box":{"x":104,"y":402,"width":51,"height":8}},{"id":"1911a697-dbeb-486c-b26c-e2b1895f44de","block_type":"box","text":"90.52%","page_number":1,"box":{"x":338,"y":402,"width":61,"height":8}},{"id":"4e1adc21-6b76-4778-a3d0-b552012ba672","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"46c9d256-d76d-480b-9b45-5512b26f5f29","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"d89702c8-aa19-4ddc-a958-88809591fafc","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"ee2ea056-d1e7-4e9a-bdc9-c54429c167e0","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":432,"width":53,"height":6}},{"id":"8b9d556f-edde-4d20-9dc5-745e51a7e2f5","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"3af317bf-c2f2-4519-b52c-9f0ff11c73d2","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"6cdd186f-606b-4dec-b5f3-a822b7162ce6","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"a463ffeb-9cda-44c4-b67e-4acf8084d871","block_type":"box","text":"3.57","page_number":1,"box":{"x":104,"y":512,"width":40,"height":8}},{"id":"fcff901e-163e-404d-8801-d9c31c238e0f","block_type":"box","text":"14.90","page_number":1,"box":{"x":339,"y":512,"width":49,"height":8}},{"id":"31f752e6-d16d-4e8c-a259-9a93632a1866","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"96c082cd-cf4c-4b41-991f-23ba11e84fa9","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"63b3dd05-e3c3-49a1-9bee-a52ddf915a37","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":542,"width":53,"height":6}},{"id":"c25dca0f-d06f-4708-a333-db1d058fe6fc","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"4692252a-914c-4471-a166-88d5dfad6bb1","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"314b1246-e037-4c45-96db-98bd5da08a32","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"8597315f-b987-40de-8b80-065401d89106","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"32cdfe3d-ef2c-4d18-96fd-a3dbc59f0883","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"a9fa0686-6563-4481-a568-a76435534208","block_type":"box","text":"203.93","page_number":1,"box":{"x":314,"y":617,"width":45,"height":5}},{"id":"9f35e9e3-6255-439d-a79e-e143fbdfe31f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":617,"width":53,"height":5}},{"id":"86a25260-0bbf-49bc-8fae-68e58453ffcf","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"a0ee5579-c658-4891-93c1-3587037fd3ea","block_type":"box","text":"14.49","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"e6af0c69-ea04-44c0-91a5-dafafead5e85","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":633,"width":53,"height":6}},{"id":"f2adb8a7-e994-4926-91fb-4d1756fad5c9","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"dbfa6a8f-2466-4e10-8684-23fcc5b77f87","block_type":"box","text":"3,482.31","page_number":1,"box":{"x":299,"y":650,"width":60,"height":7}},{"id":"ae85a0b8-a359-49c0-b852-090efd9f9df6","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":650,"width":53,"height":6}},{"id":"510dd3f0-db0e-4ff8-b11a-a0a8740c6520","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"a62e666e-e84f-4df4-8abc-d90922fc4353","block_type":"box","text":"218.42","page_number":1,"box":{"x":314,"y":666,"width":45,"height":6}},{"id":"1683fd45-17f7-4af0-8f4c-2663c6d5579d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":666,"width":53,"height":6}},{"id":"70aca58b-41b6-4dd6-b44f-cf7d7c6e2d5e","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"19ab05b8-4b95-4d1b-af2e-e08bcb98be1f","block_type":"box","text":"3,738.13","page_number":1,"box":{"x":299,"y":683,"width":60,"height":7}},{"id":"5665807e-e00c-4f7b-b0cf-ef828722fb02","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":683,"width":53,"height":6}},{"id":"f7b52c65-0af1-4c31-9195-e73e2815719d","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"44cabae2-0f30-41e8-a845-527e5c6675fa","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"df2d95bd-a828-4706-a777-e0422387361f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"9596173b-5041-4712-8a93-5f9067282ac8","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"12f7dbb9-c689-46c1-a36e-d188696d27fe","block_type":"box","text":"130,883.05","page_number":1,"box":{"x":765,"y":417,"width":75,"height":7}},{"id":"2e276e24-1d7b-43df-826c-b2ff9771f888","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":417,"width":52,"height":6}},{"id":"3cf63b8f-abf1-4d18-b67a-63eac7ea38c5","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"b43d9446-56db-41b3-b0a3-3ea0a1544d0c","block_type":"box","text":"9,302.66","page_number":1,"box":{"x":780,"y":433,"width":61,"height":8}},{"id":"b0bb3c93-0687-4b19-948f-d2937c56db23","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":433,"width":52,"height":6}},{"id":"9ee16dbd-c1c1-4aad-a8fc-2fd5dde352f3","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"4badc021-b4e1-4d67-afb5-c169869477f1","block_type":"box","text":"2,234,973.40","page_number":1,"box":{"x":749,"y":450,"width":92,"height":7}},{"id":"0ba50f0d-873c-4845-8576-607cec492166","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":450,"width":52,"height":6}},{"id":"2f4a6481-f500-4b88-bc15-b2aa849cce7a","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"f4ebe7f2-67d5-4fb2-a975-a42570cfdb0f","block_type":"box","text":"140,185.16","page_number":1,"box":{"x":765,"y":467,"width":76,"height":7}},{"id":"7e67264f-f863-44e6-b930-3e43fad696b9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":467,"width":52,"height":5}},{"id":"61b8f7f1-6461-458b-a24a-df56e92d0083","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"2d4da34f-6872-456f-b1e5-8b37a570b236","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"7f5c9728-4300-4a8b-9ae2-4efcba95f7ba","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"32d7ff2c-fba0-4ab2-bda8-597e3c3b845b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"e241b858-2cbc-4ef2-9e9c-dec32313773a","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"5b480d2d-612b-4ff5-ada0-0f3fa9ab10a0","block_type":"box","text":"209.67","page_number":1,"box":{"x":796,"y":548,"width":44,"height":6}},{"id":"7424fe0a-7b8c-4ce0-973a-f6a2574d046a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":548,"width":52,"height":6}},{"id":"1cf21ecf-8796-4e63-8b5e-081a097d9a70","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"1cfd26c0-a122-4b32-bbcc-5bd4ddd25222","block_type":"box","text":"15.45","page_number":1,"box":{"x":803,"y":565,"width":37,"height":5}},{"id":"2480cc72-c9d0-461a-bb5e-d1aad03d1f77","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":564,"width":52,"height":6}},{"id":"039884d8-2420-43ce-975b-1d876731c193","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"629cc733-d54b-4309-9a0d-80fac603db85","block_type":"box","text":"3,252.64","page_number":1,"box":{"x":780,"y":581,"width":61,"height":7}},{"id":"47b19bcf-d07e-4431-ac1a-185beee69446","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":581,"width":52,"height":6}},{"id":"8e18cf3a-159b-4f11-a318-e11546c57c8f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"d7c34047-8378-4608-98d2-fb2fff228846","block_type":"box","text":"224.22","page_number":1,"box":{"x":796,"y":598,"width":44,"height":5}},{"id":"ab60bd26-6a64-44e9-84f1-b1c35921c5ee","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":598,"width":52,"height":6}},{"id":"f85dc683-81a2-46b1-85f2-0319e1681a0e","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"f9765cf7-888c-497d-bb8d-7f59e60b0253","block_type":"box","text":"3,487.95","page_number":1,"box":{"x":780,"y":614,"width":60,"height":8}},{"id":"2d32de6c-22df-44b9-8335-5c41434a504f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":614,"width":52,"height":6}},{"id":"d354ec3c-8adb-42fe-8644-e4149f9a06ab","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"1b36dbd2-929b-4403-8ef6-a0c53de27161","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"d66ef0ca-0116-40f0-924b-2aa588f5ebf4","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"2a802332-ec8c-4053-8817-6349b081bcc9","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"e82b9680-191d-43d0-8b7f-bc5899727d69","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"c94c2f74-4401-4bfe-9d9e-fc43963403a9","block_type":"box","text":"-97.06%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"0570a7d6-a925-476f-b6d4-2463346e3dd0","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":696,"width":52,"height":6}},{"id":"00171f46-99e1-4730-a0f3-ff40b873169c","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"3f97f1ce-0508-4592-8a59-06c1078edd99","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"2b9bc4ff-b2ac-4364-94f7-8c55f1449a40","block_type":"box","text":"5.06%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"99a2a1f1-0fec-48b2-91e3-07215dbd7342","block_type":"box","text":"99.20%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"660d89af-8607-4043-90ad-a785514ac783","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"b1dbb676-d9de-4c86-a48d-f19811176bbb","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"9d6c25e9-f942-4549-bcd4-0f1d860d4ba9","block_type":"box","text":"-0.81%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"21cdfb5b-5427-463c-bcb7-f81707f5a916","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":763,"width":52,"height":6}},{"id":"231f388b-644f-4b89-b42f-3329337bb913","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"020fc363-a602-4b70-adc6-532bc422edfe","block_type":"box","text":"-2.67%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"239faac1-3efb-487a-b84d-423f8f06c9eb","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":779,"width":52,"height":6}},{"id":"85f89ea9-8632-4d00-b7d0-a238cb70b31a","block_type":"box","text":"Report ID: 5648925.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"662b1fde-0db4-41d5-b990-da5050a9bc3e","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"b97d2044-94f9-469e-b8c3-42c0ff9bd79f","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"bebcbf76-fb25-4fcd-b84d-bfaf46242da6","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"13d086f8-b439-455e-83bd-1a89e6040c63","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"6d3c4b37-83b6-4402-a8b1-a5a9198d49fd","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"94cc910d-791e-419c-8bbe-c826036aac87","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"fbfdf79f-5a83-491e-9323-044ea86e9cb6","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ca558051-aac8-4347-82ba-2bf0aeaa8b7d","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"813bca98-d944-40fb-9d3f-17a259b22ea3","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"6f2f029b-8ed3-4bf7-8975-6ab395ee6470","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":"e5c7ee83-ab5e-438f-9db8-304a9ad8e6e8","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":"bf9161de-c0ed-4fd2-ba20-27d8483ec8c0","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"3e976053-3152-45b9-9afa-2d2712c817c9","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"424f197e-cca8-4414-bcfa-cc119263e550","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"82d5972f-de95-41d4-867a-b0b794f8a137","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"95fa097a-da76-4e4c-8aa3-6bd11e99159c","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":"819b50f9-ed5d-457d-b4c6-203cd97d3641","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"8d5db46c-6870-4115-a2a9-d9aa93131621","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"ca0905b2-0eb2-49a4-b772-92ffb95ded2f","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"d66519fc-0a44-4030-9c73-3b8d572244e9","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"b3c3c298-2626-4a1d-9580-52eb075bec83","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"f40c8ba6-590d-454d-bd33-2af8d3c6d36b","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":"59082303-8440-47a5-ad07-8fa3a79d031d","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":"7b091176-29b3-4676-b7b5-1b1f6372e51f","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":"29e0bc76-da84-46e8-8bd0-0c9e32429aae","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":"966d7c45-340c-4a44-b471-6da89018d76c","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":"41b67f10-91d1-47ff-99cb-c5e0716550b3","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":"5bc3a6fc-90c5-49cc-8d2f-c954c36d282e","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"0709590c-2215-4c21-a28f-3a3e257fb5f4","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"a10325a9-2c5f-477d-933b-eacca4664645","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"0d12c8dd-fd78-466b-93ca-a36636424265","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":"36a0be80-84af-4b55-a351-36f9926f88e5","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"5306d859-6967-4171-9780-219bf53c1d09","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"793a35f6-257e-4fc0-815c-85a0969b70dd","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":"1726046b-ba40-478b-bb60-2157b0c52e86","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":"33305f64-64ee-4dce-bdc1-5f415dd58959","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":"af048e62-92d4-41de-b3e5-b9d3d24b93f3","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":"9b390824-809c-4552-9d4f-1b8898a18048","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":"9dfbb339-0625-4ec3-84f4-f46f7aed4e30","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"54b9b682-97f6-4b40-b3dd-c3cc6a3277e1","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"0da3fe91-1571-4d99-a2c4-7970335bbfd3","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"4e78b92a-ffe5-4bbe-8400-ea34fef4a65f","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":"eb026f50-1b61-4aa7-8742-c3fe87f4fc41","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"9fa4db62-5b51-475e-8f4b-7c40040920de","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"cf01544e-8aef-440e-9566-0548c7041924","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":"807969ab-ba0f-49dc-8be4-8977d54f7384","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"c8d3cbf4-477e-4386-934d-807fa5cba2a7","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"4f0a628d-067c-4f5c-836c-e530aa25c7fd","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"5fda4eab-ea58-4d24-b11d-dec515519e7a","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"d20903ef-c923-4da6-8f4d-6b8a10a6e235","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":"f6518779-9c10-4702-ae6f-f3d178b37300","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"92a4a7df-5ee3-4ba9-99e7-5098d8e62d05","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"37ae3a5a-6001-4a1d-a559-e415ec219de5","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"48b8dd17-1f9a-4448-838a-edd6eea4f034","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":"18f3f41f-b874-4519-aade-ac6c5d5c537c","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":"10ad87c5-e4be-484d-bd6a-bc8b29a7a747","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":"c8bbf6f4-900f-4d74-aad2-a80d35e70e71","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":"5beb21e5-1619-4b98-ba37-9d59e973f337","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":"8bba6e76-34fd-4888-bcd6-5f0976ddee77","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":"c3f535d4-9b02-4983-9db0-5b17f3d16d93","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":"2079702b-fb42-4fb3-80ed-5549dfffc530","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":"6e7fec5f-3af3-45d9-ad8b-c75906100862","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"d681ad78-9233-43cc-b12d-bf594f9fa343","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":"f82f0111-6dee-49d4-91e9-301b3d16169d","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"154ec62c-81ac-4535-adc9-63ab74ddea95","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"0f2fb436-64c8-4714-9b7f-170c1a54058c","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":"23664c4c-6417-4d34-8023-ba84fe03428b","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":"a8f555fb-d784-423e-9864-40d88cbdb022","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":"8ecf8f5a-d541-4596-b5e3-1747cc99e9af","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":"0587a25d-c636-485d-8b8f-a7fe3ea535ba","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"e89bc261-7f67-4d07-80f2-8990a5e8c0f8","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"e739373d-defc-440a-b179-5bfe62cbeed4","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":"51008149-a3a6-4a46-ba5c-bad8a9e3f81e","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":"9c876696-7b2b-476d-a6db-7aa257200e6a","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"841120d1-f019-48f1-af88-a3cca36909d1","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":"93aaaac7-316e-4bdf-8028-b93c8c057615","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"0afe5c8d-a1dd-4989-bf92-336991dbdf34","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":"321e6018-e615-4a11-8b8c-33a930c0fd56","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":"143cf337-69e3-4a4a-a1c1-b33ffbd29435","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":"3b8044f0-f292-4975-8a2a-74961e36132d","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"526ee8f0-96eb-42a0-8715-58842924a81a","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":"2e4d1317-c830-4c86-a7c7-7870b4924a36","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":"78a739bf-49ff-46a9-922c-f96a7521deea","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":"17eee088-a8fb-4f8c-9ecd-2cef102c2d1c","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"7da86ff0-d6c7-4932-bfc2-47de39907818","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"73054340-775f-47b2-9cdb-3ad038b2e898","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":"572ebd9e-f339-4e8a-b7fb-09835b0e914e","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"26ca10b7-b5e6-4e0d-be1f-b4a6044148d9","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":"e5dc6cbe-16d2-44df-b983-7f3d047fadf0","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":"18ef8465-a18e-4ee7-b644-4de66329ff65","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"089b48b0-aa0b-4cdd-873a-ed31323d1dc1","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":"81a6b1c0-64ed-45af-8771-37c2dcf28e19","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":"73f21568-8127-47eb-9ecf-5e5808ea8ead","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"3f348c45-e78d-49a3-94c3-a32cbb693aa3","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"5ff516a1-2c23-4dd7-8398-c883c48167e6","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":"57ce8a1c-fcc9-4df7-a285-9336e47a10db","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":"0b7d9b1c-4a81-4093-b6f5-7cc3e79875d1","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":"439caa5d-ba7d-473e-bfb7-e1ecc43374b7","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":"8ce86310-f195-4f1b-ad80-2b5ec8ca39e0","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":"4d9bf0e2-0a32-4157-bf11-3d9c658d234b","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":"c8252821-b1b1-46dd-a186-8f76ed1cbd10","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":"2bc3b894-a01b-4f10-b05e-a2ed34941077","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":"4d0d1645-4187-4a51-a80d-f5bcf0a10e9a","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":"c12f193c-d2a2-43c2-be90-d5f28228932a","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":"20df05c0-0d9d-4d6c-a5ce-d0511d9b3a38","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":"197e990b-686e-4c51-888b-9a7dc97f8830","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":"1e29e97b-2936-4c1c-88a7-01951532a2e4","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":"4370e3db-8d87-49d6-9a4b-2f446f6e2dd5","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"5db4e732-46bd-481a-ad66-df6f53a593b0","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"bfbe3abb-8285-4c8d-8d65-0cf31afc00c1","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"89aa0e33-2e13-4bbc-b24b-2dca8f7ef24a","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"81c3b4e7-fb25-4b54-a3e9-cf0e9600b3ab","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":"d789487c-e4a4-4937-9921-906c6e9e79f0","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":"364f2dd7-2e13-4e52-b69b-a364a6ca1f24","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"5f3ba909-6cf2-4832-81d9-ee79ebd98cc3","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"80f514c8-764d-49f5-8843-f6e3d509b225","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"24135af6-3d4e-4d4e-aaf3-4236dbd6aaae","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"2e5f55ed-a770-423e-b518-ceb06f921c15","block_type":"box","text":"Report ID: 5648925.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"893fa073-40f1-472b-996c-6fc6775af669","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"d0f0fb8e-6c3d-4524-81c4-35b45dbb7380","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"a2fb3842-a2fe-48f9-b485-7b52fe0ba0d4","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"88a25445-1367-45a8-a3bf-b8d3def52779","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"c1c4c011-0441-4443-833e-bb8bd45d78a3","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"63cb76a3-bc29-44ff-81c9-260a76c00520","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"fd82123c-f999-41c0-a8a7-73bbc72021ca","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"fc68671f-1d33-4fb0-ad0e-fe1f14f95711","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"2e8c9068-c931-4c86-bb07-9fde9b70208e","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"1703467d-edee-41e0-a642-3b832993da73","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":"c2c4abe6-e90b-47f2-930e-bb8121728912","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"6c3ae665-0ce9-4284-b723-cbd1379c55be","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"528d694f-4eac-4509-8c30-185847c49ddd","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"67b38851-f7d0-4512-98a2-e9f3a2cdea34","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"b728c035-47ac-4c69-b09e-2a1781912252","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"ac9028c1-268f-4502-a81a-4c0ed135d075","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":"b52b2288-660f-49b0-aee6-5f01e70cc9f4","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":"50f0cf1f-d4f7-4b4a-9cfd-313c15e59cff","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":"7b3dc549-3149-46e6-9c9b-d9e82df3eb73","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":"a5903708-a922-430e-afc8-3f2cf13d23be","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":"9685a86e-af11-40f6-9d0a-1c6b951f13c3","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"0c07794b-61a4-4c2f-87bc-8abe6935aa81","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":"77914135-5e98-42b5-b9d0-5b0327a0175a","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":"42ffe0f3-57d6-415c-8209-61c26f2176cc","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":"a46542cd-bdcb-49e5-9bd6-de6142d0ceab","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"48530e86-bc63-4444-a431-149bbed276bb","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":"9d2506a3-9f05-4ae8-98ac-ae88af8a1d74","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":"3c2464fa-521f-4849-a737-8ed9acb11cae","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":"77d71c7f-0157-470c-b6b2-625c9ad05ec5","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":"cc89f61f-af6b-4af8-b107-be71e1df9387","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":"dede7ddb-85f3-492d-b3b5-7c1c02217554","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":"a96f172b-744f-475d-abd3-485966bb9464","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":"547dc15d-9162-47cf-be57-4096dc89ab37","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":"7ceccbf4-0dfc-4aa6-b665-14f7565e735a","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":"68741c80-7efa-4543-8788-404bf8f5b391","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":"6becc545-7abf-4e87-adc8-37ae3e6a1f17","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":"fe714aa2-8d7f-4b00-adb8-6c42b5700cd1","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":"9e91fbce-3f88-4724-9adb-82a802d12b24","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":"e63c33ea-3165-4975-87c5-345a3dce9eb4","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":"a78a422a-d4ea-4e0c-a60d-40db87a3f77c","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":"1ce7eb4d-fd42-4121-b72e-446eddd087bb","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"6bca83a4-838a-48ed-abe5-23cce303167f","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":"e88c1e73-5c40-420e-8360-d97718debcd0","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":"cfa0b9c6-d000-4fdf-b9de-ceaa0759bd2e","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":"482adadd-cc05-4115-a8bb-a59045af9012","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":"b9afa70c-0fd7-433a-ad96-7401f966ab50","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"00e2751b-180b-4f67-a889-1c42e7727712","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":"d049d736-8c61-41d0-8e39-17d1a91a62d4","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":"d2af207b-b01e-416a-9bd2-4a96f5add41c","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":"d1cbecba-7eeb-4f56-95cb-1854d16fbc44","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":"5163248b-a876-47e6-ad84-c0c3245ff924","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":"df8d7747-04d8-4b6e-bc05-009244180ef2","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":"855757c6-d2a1-40e1-a7c1-c5f69a46cea1","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"90f0d60d-83d9-4d8c-9f4e-826ebb73efd6","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":"ddccd00f-d4c2-42fb-9924-abea5cfee384","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":"7f90d417-ddb9-4436-9b05-ff6e9ab6644e","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"c8128606-0c8f-4886-a3a0-146094e9226d","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":"990da6a4-b292-40b4-85c5-c85dda5319d9","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":"851a32e5-ed6f-4fe5-be2b-660c8bdae96d","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":"07c81021-f9c3-4a2e-83c9-8b3050ea1141","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":"4129f6d2-172e-458b-9c9e-85989a159194","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":"f26be549-5bba-42a8-b64e-184890b7ca56","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":"a2c6c368-5abf-468b-a655-b3617bf0c81d","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":"cb949993-6d6e-4b59-a1e8-a11c803e5f65","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":"1ba99360-5e59-4264-99a3-d6529d8a5f01","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":"87ed7ffa-b395-45bb-b502-bdf2acc38e5a","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":"dfc9b397-5482-4497-8a9b-d696cdc7f146","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":"c7e7e519-9357-4f9c-9473-1ae542175f92","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":"2b62e050-4de6-406f-b071-c4eda99939ce","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":"fe551c30-626c-4761-aacd-bea7fd6e0933","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":"eb082746-4ae1-4de5-904b-a579f837706e","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":"be784101-c84d-4dd1-8e19-e1354cb4020c","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"95fbc8ad-1998-41be-a568-d54092b54a31","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":"77182c88-b68b-40eb-8301-08e0d3b56e0e","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":"3ddb44a0-6f92-4eab-9bbb-f254475a8a68","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":"261cf36f-4970-406b-bd83-e5d6eeada499","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":"983e3bf1-e9c0-4e5f-a090-067d78cafed1","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"07384ccd-6e81-481c-8e51-763dea5bebe0","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"e3fb69d5-57f3-4bc9-adf6-6b583d40b172","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":"90c63ca6-d845-4335-a16a-ace569bd0f48","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"c5aaf800-95ab-4795-9216-a6f57681b3c7","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":"8139d804-8ae9-40c0-bda6-3985c98f2b4b","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":"63121df0-99ef-4538-b737-1a6cf9f9d2e7","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"0e6d58cf-a1ad-422a-b965-3b62d30344de","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":"a33a0431-8f2b-4553-b6b4-36602c118aed","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":"063a7a30-233f-45e8-999d-c278ec286839","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":"519e0354-f6c2-4312-b212-c155d3ccfd5d","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":"4663a0fb-a711-4318-97a6-82a224abc8a8","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":"8c699e30-ff99-4daf-9822-3b7c8a58a5f2","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":"c87cb611-7972-4448-8fdd-0db7718f0b3a","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":"85f8c799-04ac-491f-8167-47d983ed7801","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":"67ff9699-2587-47f1-8bc5-cd357420712d","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":"eaa5946f-18ee-49b5-8de2-c70f7e743aa6","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":"f372e34e-e68a-4ad2-a2d3-cb1df1252797","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":"9a70c72f-8671-4c76-ba80-ff1457d735f4","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":"25207016-b62e-4396-a96d-6fd8cda4ca53","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":"fe7666da-9249-4ff9-b23c-b82af7222598","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"b3c1db2f-3391-401b-958d-dcddd9aa04cc","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":"8be0eaf9-f610-4345-ac6c-ef70c7f83050","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":"85d93883-178f-4976-ae65-16ce6de99ae7","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":"3ec8f859-596f-4076-adc3-ebfa1fe9d535","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":"6bfd3216-b845-4f4b-b5fb-1a322de7a288","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":"e0f3f9a2-28fa-4559-92eb-15fa6a1fd765","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"d0452636-7a60-46ff-9778-998c7b8ed025","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":"02d0fec0-049c-4a28-9ee2-8bcc0152877c","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":"532f2c32-73ec-476a-9e60-a125fbe09c35","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":"5acf567c-bcf5-4159-91ff-8fef5ceb4e77","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":"36f07847-104f-476d-a579-35d0476a2a17","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":"802e4783-61d2-443e-a742-bf62a8d4a219","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":"21c347c0-6dbd-40c3-90ae-db75b6635513","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":"81de8780-685d-43c4-8d82-4bc98a145d2c","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":"1f9ae8af-3e17-4931-91e4-51c9710a9a6f","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":"7addccef-ad8d-4999-9eb3-a0652448db6f","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":"acc59e92-4031-4844-9b5b-30fc00a6daea","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":"fa7225ae-2952-438b-b803-85386b00cddb","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":"9d665f3c-1d66-466e-b924-0d5929421d3c","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":"13efeaeb-2190-4a61-b97f-2d78c0213ec8","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":"277a2473-2840-4e4f-9240-8e4156d6dcff","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":"89578f15-d3a0-4186-8094-53c6c8f47753","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":"acc42198-0474-45f2-9ff7-e4cef32ec023","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":"3d1464aa-c899-4450-bc9c-8a80003a513e","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":"9bb0667c-d98b-4462-a8bc-6ba41a65818d","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":"2a96f395-3b8d-4dcb-bda6-5a01e9b60460","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":"55ef9000-bac9-4eb2-ad1d-f917e7c2fc8c","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":"b5688dd4-ae30-4d44-8737-88597d37acc0","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":"1b491094-87d1-4664-b60f-9897f0ed1a5a","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":"ee1ab054-2d61-449f-b154-372a02de9d04","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":"8eb87015-54f8-4396-9ae0-76f6c71cbee6","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":"c849bd4c-ab86-4a05-ba8f-e536d6cfdef2","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":"3c67ddac-7a37-4712-8f31-ec8ae6f74822","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"d9353508-b4ac-4037-a629-e5c35232ac1c","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":"0dc1383f-3d6c-40a1-b7c3-0ddf851baa9d","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":"ecf400a8-e0a2-425e-a2a0-1206adecea28","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":"5f796831-2d32-40a6-bd72-ddb31d1d33c9","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":"888340e5-ea67-4cfb-83fc-ed557be830b5","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":"47665530-6ee7-4be5-a0e9-a3e0caaebb55","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"b43b6aaa-b003-4432-9a4e-b0fd3794f3ff","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":"848b911f-1536-4d7c-9cb6-7a2e046247a7","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":"7c150db4-55a5-43bd-b21d-1fd6917e96f3","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"e2233d0f-9209-4fbb-be73-3c9c153a56a7","block_type":"box","text":"Report ID: 5648925.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"aa683bc2-4b55-4d69-b57e-bf4b3f1aa111","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"d7f91ede-bdfb-4be5-93f0-b5c226fbcd50","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"4d619582-bd7b-481e-a2bd-597d8da8104e","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"5891b5d5-09c0-4ae7-8cde-0eb2fa7615f5","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"a74c30dd-b317-4c07-ae93-5030410ce452","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"56be0306-c38b-4a5c-a39f-93630e775645","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"8b8786e1-30fe-4bdc-89ac-d834632c7070","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ad5dcf21-dbca-4c5c-bea4-f74b00e6cc8e","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"ce960eac-1150-4cb0-b570-3ff83ecb2f80","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":"b6c51b9b-9784-4c8f-a3fa-5f58b3a264b0","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":"f85a4e7a-2533-4f78-8803-d5084c1d1c9a","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":"caaac76e-e5a2-4fb7-9b58-2f763c9531e0","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":"88005639-2222-4d4d-9782-6bcbe5de332e","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":"375c9c2a-de6d-4e90-9fb6-82d45089d4d8","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"5927d961-03fa-4489-8aaa-854657cf92d4","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"e651996a-286f-4100-aaac-ffbc728a3d0d","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"e6056aa1-9994-4cb4-b518-63d09f3011ba","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":"0d0566db-5128-4b9a-b552-8721e398d270","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"e8cd2505-6bf3-4b54-949f-85fb76a2b1f4","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":"1abab064-0b6b-4d85-89e5-9b31fee67b07","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":"7c26f661-1244-44ee-b4db-4868dad8588f","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":"a5ac0546-2ea0-473a-854c-e9b6876d62cf","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":"7cabd4fa-b4c6-4596-a697-c73ed766b7dd","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"114cd873-355b-4f30-9b87-2fed549bec7c","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":"aff536be-ead5-45f3-95c9-fd43a8f8bf05","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"b34cc4ee-95e5-48ab-9107-30563865fd95","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":"5fc8af97-23dc-469e-b2b4-ceaf62acedf8","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":"e2475199-47df-403f-8ad2-633139ea899b","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":"ee0fc23b-dc88-4312-85bf-8e33d7ca8d9d","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":"fcf9ce4b-cd87-45ee-bb47-a3d30cdee074","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":"9d83b1bd-4d66-46c6-8d5a-b7b16117fd67","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":"198f6680-5e00-4836-9e7f-43da4fda2c5d","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":"4320de36-37b2-418a-af4f-2b4ef1a8ace0","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":"bad2df52-1597-44a2-8651-df3323f92090","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":"124a2342-208d-451e-b013-1a38160c4f51","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"941bd39b-6974-4877-8f81-691adbcee629","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":"c2cda68a-40db-4404-9f9d-85359b51ed03","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":"b937f06f-851f-4165-8f98-5832df641ac5","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":"9935edaf-7774-467e-bd8b-e824810b72e0","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":"acf4c97f-5ff1-4b0b-be68-4d5038450a09","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":"0f2e596d-665e-4336-86c2-af750827f6ec","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":"32b9a99f-d78c-4af2-bb27-a5ef706eab8f","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":"638485a7-8d3f-4545-b576-80a69fe80b00","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":"647fa67c-8439-4b70-89b4-50b0242c7452","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":"ced8cff7-f822-4cbd-909e-b966d19cfd77","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":"bc3df80d-1927-4e5c-adad-f14682777f69","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":"7fdd6176-87af-4988-b7e9-feb614e61624","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":"0999591c-0c67-41d9-87d3-b50c0ffba784","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":"02e8f44c-b904-4d53-92da-680c680901d8","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":"b947c70e-f5db-4b7a-adb9-6a108e3813b7","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":"4d67efb5-e8f3-4b68-9739-b4b6a1260f82","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":"23b12b94-d556-4da7-afe7-38bce984b67c","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"9a509b54-5233-4708-95f1-fc0e92523ed0","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":"9ac85616-5306-42ab-be7b-9563638de962","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":"09ca889c-e942-48fa-a5f7-51db47c2c204","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":"c23fd0fe-5bc2-492b-8a1a-ff472b1bf338","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"ee6803bb-97f5-47f5-a507-e21efa3fd617","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"34500f44-6bff-4317-aad1-b9b71116aa0b","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"fa0a1f7e-00bb-4b5e-8a47-955fcd0ec880","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"7fbe538a-2ff7-4daf-b7ce-279ce43b5b69","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"80c1c529-dab9-4f54-86de-a9ceeafc22d5","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"91eb53cc-5015-49e4-8284-f6c6363fcc30","block_type":"box","text":"Report ID: 5648925.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"1e019dbc-18c8-4dc3-8122-9f1aab9befa7","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"f4f2977b-f376-4f6d-a1f1-092c20cbe60d","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"ed24ec2f-9170-4c17-b80b-8a70674306b6","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"1a43e0f1-c9d8-48ca-b6c7-a2864564b6de","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"d0248a53-ad11-473a-a263-c389c4c9dfa2","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"cd449a26-f493-4180-a3d6-f6a0cce2bfaf","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"0dad8af6-e8ab-4615-b0ac-dfa42d0e7a3b","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"55405c57-ee2e-4f50-9d8c-e1ad25e55963","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":"b51b80a3-e057-41de-8f80-5568e4139f73"},"user_id":1000002,"date_created":"2026-10-17T01:11:56.806000Z","date_modified":"2026-10-17T01:11:56.806000Z","private":false}