{"annotation_id":"852fab5f-9ed1-4cdb-84ea-2d13af25bd8c","file_hash":"6b9446cc40bf3e70a4e082aa7f82fa504561949c87aef61b651cfcf4edf6e488","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"8eafb9b8-e4d4-4751-af9d-a10e7a95f679","block_type":"box","text":"State Street Emerging Markets","page_number":1,"box":{"x":51,"y":71,"width":536,"height":23}},{"id":"c38cb84b-5d77-46b7-bfc7-5416ce733ffb","block_type":"box","text":"Screened Enhanced Equity Fund - I","page_number":1,"box":{"x":51,"y":105,"width":594,"height":23}},{"id":"4c3bd916-8514-4379-a9b5-6d7d4374de81","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"adab35e1-a9cb-4c5e-82e5-fd87bf26c3c2","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"86f68a20-5040-4d15-9538-2bb4694cf9a3","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"167d49b0-fcc8-4352-9798-8f3c60c569fc","block_type":"box","text":"LU0446997610","page_number":1,"box":{"x":754,"y":107,"width":83,"height":6}},{"id":"74864008-5535-4cc3-87fc-67f188220c3b","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"0bd4faf6-4ccc-44c3-926a-edd57ff56ce2","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"e8be1931-824a-41b5-b575-00bc27f2e052","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":221,"width":852,"height":7}},{"id":"42f381ac-91f9-438b-ab8e-a51194f353bc","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":235,"width":875,"height":7}},{"id":"05099c16-805d-4642-b223-3f5095ba39de","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":245,"width":481,"height":8}},{"id":"ab1a9d35-9fe3-4f69-aa48-7d86a25cb393","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"4f1f45a3-9931-45dc-ac84-cc1b6d015c5d","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"f677ab09-ff9d-4a39-ae16-bea9b6ff5510","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"34c3d6fa-25d2-4776-b3b9-d5f08c5cfeb6","block_type":"box","text":"2.88%","page_number":1,"box":{"x":105,"y":315,"width":50,"height":8}},{"id":"a0520634-0d2f-495e-90ca-25c21c330394","block_type":"box","text":"4.14%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"bc020a1d-8fe0-4fa1-a316-1a97afbc4472","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"a9635b51-6bda-42e2-b1f0-f6793e5633c9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"80932c5e-c1ef-46c6-81c1-c1b34891d154","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"f11b90e2-58fc-41ae-b49f-a4ee2f101456","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"ef6a5562-fafe-43cf-81d1-e76804870d75","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"d4f9ccc3-9b7d-48ce-b03c-17f5cd9d81cf","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"d35f2916-4c02-4a5d-bde0-d915a8fa8c59","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"c9eb795a-32d8-489f-ad43-84b1b8827bf9","block_type":"box","text":"2.87","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"ea19c16e-1475-4db0-83c5-257d788d6431","block_type":"box","text":"0.88","page_number":1,"box":{"x":338,"y":425,"width":40,"height":8}},{"id":"16507c02-4772-4500-ab6b-4167773b1c32","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"d386247d-2994-4ecf-bcb9-c8650ea30e79","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"dc4aed99-730a-4b45-989c-0dd0da66ac09","block_type":"box","text":"97.85%","page_number":1,"box":{"x":182,"y":456,"width":46,"height":5}},{"id":"065c8984-6c0a-4869-a347-44ed5af339b1","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"6a7681b0-fb37-495b-9cd9-68ba86163816","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"4b790ff2-1cea-460a-a209-51381774fcc4","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"d00e03e7-11cb-4ce3-b66c-7ddfef18e95d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"22e5f33c-41d9-4ab5-bd97-f82fbd41f1cc","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"2458bab5-72d4-4723-a236-d0dd2b0ec3d5","block_type":"box","text":"59.17","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"27fc6fdb-a0d6-49ad-854d-f95867d49dfc","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"2808bada-1922-47ca-9001-e63d9a4ac464","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"e86694f7-22e7-48f9-80e0-b8109fa085ac","block_type":"box","text":"19.32","page_number":1,"box":{"x":322,"y":547,"width":37,"height":5}},{"id":"68f7b308-fea0-428b-93e5-7963c1597ba2","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"fd97bc82-2c8f-4c68-bd86-3d6651e5b92b","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"5be253ad-44cb-4319-9349-7d9d73d6ac6b","block_type":"box","text":"497.52","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"71b56eb1-a8fc-487c-b132-10a79f53d3ab","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"97aac22d-ac29-4b8b-b5da-381321740689","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"40164a9c-d4df-4800-b562-415ad2a491aa","block_type":"box","text":"78.69","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"53bae7aa-c268-4915-bca8-4736eefc475e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"5f78b558-1a62-4a2f-9ad1-7e22c341e205","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"dfadcffe-8b5a-417a-a4f9-644f27ca3645","block_type":"box","text":"605.66","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"ca964a91-e1b9-4ae6-99b2-eef95037bcc8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"37064b3e-b905-4dad-b68b-3d19e75d0b99","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"c5f22a5e-5fb7-4a03-9cb7-387eb729e060","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"17868eba-72f3-48f8-aff7-fff09ff242fd","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"3c3bb788-8373-4f44-a8b5-9d78cd721357","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"747e108d-e337-4ec2-8ef3-63821153417d","block_type":"box","text":"86,243.27","page_number":1,"box":{"x":772,"y":330,"width":68,"height":7}},{"id":"33c48565-379c-43d5-a86c-54e7c08917dd","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"5a815218-6dd0-4063-a5fb-96ae224935a8","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"32fa5bb6-8126-4b33-91a7-1313c1ca7194","block_type":"box","text":"28,162.87","page_number":1,"box":{"x":772,"y":347,"width":68,"height":7}},{"id":"085701b6-ef02-4b99-9a7b-0d913169d724","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"b7c75b57-f4a6-49c4-a76a-b14651db73a1","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"db424bdb-923b-42bc-af2f-bcf0f25edc54","block_type":"box","text":"725,162.42","page_number":1,"box":{"x":764,"y":363,"width":76,"height":8}},{"id":"803ccc72-9891-4463-aa7c-890a9ef66511","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"744c6dd8-bc2f-4df2-bd0b-ebd97bc158fc","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"a320d859-b802-44fe-b111-6a73d98b2f82","block_type":"box","text":"114,693.12","page_number":1,"box":{"x":765,"y":380,"width":75,"height":7}},{"id":"0f06029f-5838-46e4-9581-a3f50cfada10","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"d9dd5978-4a29-41c6-94b7-cff526e66cd4","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"0a2d71ba-e3fa-40fd-8b98-5e5647758cf6","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"07152181-0895-45c2-86e6-a31442af526c","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"09516431-07ce-4171-8f23-c9306efd5cd6","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"1ab5a4a2-1dad-4848-8551-5cbb4d6121a1","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"391a1c7b-cd65-4dd8-8cc3-f38216a4b106","block_type":"box","text":"98.80","page_number":1,"box":{"x":803,"y":461,"width":38,"height":6}},{"id":"fbbf5fd4-66e3-4e3e-afcc-b9be814dffc9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"5295f2ff-ea65-41d3-8d8d-d562f1678758","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"fa916f31-b4cc-4c18-a200-fc36bbcc6c60","block_type":"box","text":"62.98","page_number":1,"box":{"x":803,"y":478,"width":38,"height":6}},{"id":"517741a2-ca7d-43d8-b959-2d6b7e3ac999","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"80b3df18-ef10-4dbc-a37c-ca98f6782785","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"aed1a4b7-fb61-45e4-a278-0721f735bdfa","block_type":"box","text":"812.58","page_number":1,"box":{"x":795,"y":495,"width":46,"height":5}},{"id":"b8f573fa-79e9-461b-96ea-8fc15a3af6f1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"ae76ab7c-07a4-4724-af9c-0f5d21054905","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"6c096b24-d339-4698-9687-26422f9f2d47","block_type":"box","text":"161.70","page_number":1,"box":{"x":796,"y":511,"width":45,"height":6}},{"id":"f4779cc6-4e93-43b5-97bd-3e97ff4fb64a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"d5e74fb8-c2e1-4a30-aa71-d20cde878130","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"3b299f4d-5681-43f3-a3b1-284948cc8c83","block_type":"box","text":"976.17","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"1b5531e6-8347-4a16-8854-d14b59b293ff","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"62c8a92e-7200-490c-9f01-35603386f8b8","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"36743b38-abba-4350-a46e-122ea1c65838","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"b3f992aa-cb9f-4a67-bfc5-5b03830b2cbd","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"2b76f739-99fa-4c29-9669-5a4d71d78e8f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"6f12a18a-0d36-47d9-9a5f-c6a0418e1932","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"e3e1162b-34a9-4182-8194-6321487b03d9","block_type":"box","text":"-11.69%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"dbb653b5-10d9-4a9a-a23a-830924004eb5","block_type":"box","text":"97.97%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"f19eda07-fcf0-4274-80cd-0c487f0613ea","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"67cc3933-6a35-448b-ac0b-f3aa62cf56e4","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"f238a40c-464c-45e1-a23e-a8f83f1ef343","block_type":"box","text":"2.28%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"3dd640e8-26ad-4ef9-a257-3b35e259d892","block_type":"box","text":"80.64%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"0d2c5f78-a6f1-428f-ba63-c2a8d66e79fe","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"5275062c-4c46-4b03-9fad-ebc2c4d3862e","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"a64c78ce-c8e0-4c92-89af-2bc47cba7af7","block_type":"box","text":"-0.73%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"9b1a6f6f-5386-4955-8d20-13dc7d1fd73b","block_type":"box","text":"96.87%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"70cabedc-8cc9-4f2f-8ed4-c31799a98d91","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"1ff1987f-6205-449a-b812-47aa2c11401a","block_type":"box","text":"-2.31%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"01c5984b-87ed-4daa-a59e-d6b0fd7c0608","block_type":"box","text":"96.87%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"5db9ab7d-0939-48ef-bfc9-8501ac4d2ce7","block_type":"box","text":"Report ID: 5649054.1","page_number":1,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"a4fad47c-998d-4bf7-a381-584c2482f143","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"29de69f1-ffa1-4ae4-a175-b2cbeb28cc98","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"2327c27a-5608-4520-a237-6e30cdba7052","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"6b317f5f-96c6-4b7d-9555-7c374cbdeb3b","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"dadd661d-814d-4778-ad81-41b73a85fce4","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"30c58932-6382-46da-bd26-6c8a56bcaef4","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"7a337d3b-b95b-4705-9fc5-6a142d7e83c3","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ff277232-f499-4acd-8d44-583ced822cd9","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"38c91d08-f80d-4045-a34f-d31b11c8b922","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"5eaa2cd4-c736-45aa-af81-f9a40a604f65","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":"e8fb91d5-0981-476f-b39a-6d43651220d4","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":"08a7c78c-b08a-42e1-90e6-a3107d29cdca","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"f6519a4f-a08b-4771-aac7-55157757837b","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"95506732-36bd-4028-b653-0c3b68ed1c09","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"fcb74343-ba07-48e2-8905-575eda52c74a","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"a55512ee-5f20-416d-833d-838b7a50be4a","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":"969af91f-85f6-444d-9b06-a0b171195143","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"adb43994-6a60-43ef-981c-d4e256f69d85","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"319061a6-dec1-4d19-b7d7-8cac406216e0","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"e8a471dd-e9fa-4870-ba3f-de6c4d0599cd","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"12eb96f1-017f-485b-a4cb-fb19139392ad","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"7045b1f7-8e02-4056-ad02-7bfd529c533e","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":"428322a8-31d9-415b-a21a-4f9700d6f388","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":"15db9c2b-3d4b-4dcd-8011-f2eba75c569d","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":"f7d54bfd-79ee-4bae-ac95-28649471438b","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":"6f99f6d9-c496-4bf8-8f24-ef3573397492","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":"bd0ffbc0-e9ef-4ecf-ac7f-99de41162de4","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":"264d4706-39ed-45d7-b984-4242e83c1325","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"72671a4b-aee4-421c-9426-b961383a02dc","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"c3be58bd-de05-4a11-8246-81f6a3b1c790","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"cdf1ed18-1023-4610-a500-3d7b52464095","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":"bcfd35ce-04f7-4874-814a-e91537be06f2","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"646fdf3e-b4d5-4e24-99f1-3fc74ae7adae","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"04a389e3-d3be-42a1-883a-a4897059d337","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":"5126ec5b-a783-4ed7-8496-1da1656a3b4b","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":"9259000c-b9a7-463f-b9a3-800357e276aa","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":"42543e0b-b10b-41e1-a925-3b43f7bfcc8a","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":"0523c5b5-8fc4-446e-a0fe-a1c88542868f","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":"ca750a1a-e305-49c7-9f08-6f44cea288d4","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"b27d1a77-839d-424c-9bbd-39297b82059e","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"2bd4cde8-5e1d-4903-ba24-6e91d8921809","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"faf533dd-108d-4f48-be8e-2da2f5c86c46","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":"ebfb2a70-e514-4192-a6a5-8cb62ce742d1","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"f8f423b6-76f1-4a32-b2ef-425734c2d41f","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"7d465bdf-bc99-4ada-a4ea-bbd6273c6069","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":"be6408d1-0352-49ea-8851-09cc1a2af6be","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"66f5acb9-0b80-469c-8ae9-2252374982a4","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"15e7bcbc-e847-4f57-8b60-f892b26bd851","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"90db8437-83af-42cd-be6d-7640fe4d757b","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"a8442d1a-e0d9-48bb-b915-b53fa52937af","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":"a6970d1a-1276-4982-99cc-df3d050cbefa","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"7982c221-e418-412d-b055-3dcd82285234","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"a87dd625-5e29-4647-aae7-955de992e1a2","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"e227c44b-d8d9-4f1b-bc69-7bab5a217e53","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":"5c1b93e5-854d-40d6-8655-4131f07ad244","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":"5adadeab-24c2-4cd5-9375-50fba826d42e","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":"844f5fd9-b19e-4ae5-b394-7962ce7fdae6","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":"0a2fe169-82f2-4efb-81d8-1370263e58c3","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":"4e71d8a6-5f46-44e9-b3cd-5d2c0dfccbef","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":"152407ff-20a4-457e-a700-00ec7ab68263","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":"8470f18d-ebb6-42ae-b5b2-fe64c8cfd0dd","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":"37c70827-798f-4739-a3c8-569cadce7c5e","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"3be55d98-2c44-445e-b294-01f7cc3d7b6c","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":"c829015e-6bc3-437a-bc54-2b5d92fca9ed","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"9bc367f6-8b41-42ba-9a05-b0fb84babc5c","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"3ce15425-3636-4924-ba9e-f4ec70fd80b7","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":"0a5144a3-69c7-4e45-991a-30491d414a6d","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":"cb15b8e8-65ec-4367-a377-a8c2bc493fc1","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":"e726ddb5-dffb-4043-b4a1-5d16bc9d32cb","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":"52907fb1-e274-42f8-8647-aa5ff1e9e2b8","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"eff87f9a-f938-4dcc-84cd-76d9d3405454","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"d251ce50-0dc8-4dd6-92f1-08c763325a6b","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":"3fbf01d0-c2cb-49a3-805e-88c7733c8f5d","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":"0f13cf36-5f6a-43e5-beb2-dd4f336f9f52","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"04df276c-6f1b-4625-b58e-2e203aea81f4","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3 -","page_number":2,"box":{"x":515,"y":237,"width":370,"height":9}},{"id":"4b70ac13-422d-49ff-8a10-0d81e3bfabf8","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":"801e43bb-20f3-43dc-994a-8bae5162f603","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":"7f69a902-88c5-49d4-95da-ad661dee92f6","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":"e6df0946-96d6-4665-a3b1-ecd32b01eb81","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"fac7ad39-4d20-4b1a-9210-a03a2573fede","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":"2846977c-256c-4638-a07f-4ebd44fd8b6e","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":"ac66fdb7-3805-4324-8074-948b7f92522c","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":"be46190a-52a1-42b2-bfc9-dee4d3eb2ef7","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"f7d4742e-790f-4c98-bf3b-5992b9999fa9","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"5a5c5cef-2d79-41f5-9397-35112da4d5f3","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":"e24da779-078a-48ab-bd6c-80a5e979d9e6","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"97191769-eace-400c-bc82-bc5a5ca6d49d","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":"4fb4aea2-63f0-4b60-b746-5940e1c94250","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":"dcb392ee-b105-4333-a4dc-ddc4260d41c6","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"d9a331df-cd35-439d-b231-e879a941513a","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":"2b8610fe-2eb4-458b-b6b7-dd9de332fb0a","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":"6626bdae-bb8b-47eb-9684-fd659c0e764f","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"f7f0b9c2-f8b7-40cc-9fea-4dee930cc301","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"76cf70d8-0178-4fc3-95be-d704c67908af","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":"1e5e59f7-3317-432f-a18e-2b468abb7fd9","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":"8e7dc359-27b0-44e5-8d98-188ba46125b3","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":"335d4f61-51a5-41bf-8770-ac4c9f45e773","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":"151b2086-4a7f-4ef2-a98e-a8413bd3d8f1","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":"f5df8b97-3945-4c52-a5ea-e55ea302ca2b","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":"14365233-b17e-4541-bdf4-6fac03df4fe6","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":"ef3bf2aa-f942-4e00-8700-9afc20b6331a","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":"6511f369-3161-4682-abeb-0fe28c415080","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":"d08f1840-518b-474d-bcef-248b6b6e965a","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":"0f35735d-6df7-41f6-8f77-c0c0490d5945","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":"5ce068e8-aeb4-4863-b200-0f91abce2723","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":"ce23f9e7-49d2-42c4-af3a-ab5611f08a39","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":"a804b1bf-54c0-4fa4-b704-54b1e5a52d3f","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"90d16a5e-425a-4f11-8425-3f6659767e14","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"f21f33f6-debf-4789-97e4-e4748da19b73","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"92ac8ebe-28aa-4e25-931a-522beffee73d","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"d3783620-48c0-41a7-89b7-059caf90f432","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":"cad1247e-97f4-4cd4-b6ac-322cd160dc1b","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":"93c449af-21da-4513-9dc7-1dd8a0e57b82","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"602eeed0-9e88-4b5e-aae5-ccc533107c0d","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"a8928e51-076c-49ee-b773-a817d767e791","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"7267d62c-1182-45c9-a059-197d4dd1e4e2","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"49496e67-0ea3-4fee-b535-8389aae41906","block_type":"box","text":"Report ID: 5649054.1","page_number":2,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"f6cf8a21-bc8e-40ae-abc1-48e9bc122c04","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"80149673-089d-4514-bb61-10f99946d1f1","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"83a92f18-520d-433f-92fc-f03746295f14","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"7a10efc1-9f5e-4882-9844-ea8e9bfb52b1","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"728a4dbb-67a1-4ae5-8723-8fe412470670","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"39610579-e42f-4a00-a4e9-b7c844ae3c3b","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"24f5acc9-79d6-43c1-b468-a7cb3d74d488","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"42854493-0434-40cc-b228-43ea37b2cec5","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"016c7cf2-c35b-4993-890a-17693b88e051","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"ea2f42aa-429f-47d3-8d1d-164cb40c076b","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":"238f89f9-2b1f-4ea9-94f4-bbf4d0fcc01e","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"268dafd7-bafb-465a-98ec-1a79920a5112","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"187be0e0-bd2e-49e4-ac06-32439af218dd","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"aba76270-655e-41d2-b6b3-b5cc28e285e2","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"89ebaff8-3b75-4d5c-9b05-8d8c787ad019","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"481a5dbc-e7b9-45b7-a7c9-73cbee6f27c6","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":"55baeed3-a5be-4f52-9a31-07e116ac9b78","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":"324c498c-8714-4065-a047-a9650311d3d8","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":"7b4f7842-75a3-4056-ab9c-4ac6e6436b25","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":"a41f37e5-f3c6-4727-b1d8-150225ca6047","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":"8dad979e-d0dc-4aaf-a752-467e215b5f9a","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"a248f969-efb0-4136-925e-ae6373862771","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":"3864f18f-ea8c-4ee1-99b1-17a11cf13484","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":"47a4929e-238a-4c87-8e54-388fc6d52654","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":"4b8e6263-400c-4937-8896-038b56a484f8","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"a6e9f942-fd66-40de-8223-a87797bf087d","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":"1b1c36d5-e60f-4d01-af66-65f0dca38575","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":"cd3d5039-15b6-44df-af98-f4edfaeced4a","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":"366307b2-b7fa-4448-b091-50ee514d6bca","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":"e7e2a283-fb95-46bd-9b7b-c1b5d51e655c","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":"5d1c37fc-32a4-4e4c-a6ae-9f3575c6380c","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":"2bcf7409-e966-421d-b87d-30327df3fbc5","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":"5797496d-b9bd-4665-90da-9d401ec87d18","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":"0ece0b8b-b82c-4356-bf27-f113f4a51b27","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":"80f24f77-da57-4421-adc6-28c832a47553","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":"b34c18d9-65d2-4fb4-86f4-9a32887b2fe9","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":"9d992680-b07d-48f2-bd56-7a0887d3a00c","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":"bfc8e9ff-f5d6-4fa8-9985-6f44633cd06c","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":"7cea4d7e-4faa-4cde-b0fc-e972c5bf044a","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":"d56e3b21-16e7-4906-8b09-d60f55fa8929","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":"a09a8665-e213-40d6-8ce6-04f85d89f490","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"0660ddfc-c3a9-4b5d-b62b-0db251166145","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":"1553dc31-80dd-46a7-ac02-1cfe8b7249be","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":"378b4db0-c009-4d8d-b539-5b52ec005dce","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":"db15199f-8601-4b73-a40d-99a63a807e83","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":"e20c923c-9d87-4cc9-8425-ebad2a855ee2","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"4fce1aaa-55f0-4380-838b-bde642779aa1","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":"2ca086db-1679-46a0-a3c0-af5677ff01fd","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":"0e67f87b-fbb6-48b1-884e-bbb641b2e547","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":"1abe0145-04b9-43b1-b970-53ce670cf1c9","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":"48276a28-4e34-4209-8f3e-dfedc8ac1435","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":"5a1ced10-86ee-424a-b561-816541b47330","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":"b57a93b5-b6f8-41cc-b2b0-a51286571fb1","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"9b314fae-4b64-45d7-b7f5-d725532ad4d4","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":"0bc0e1fa-94ea-4d49-893f-64755fbb544d","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":"1f4e1b95-0734-45db-a52e-c99142c6b8d8","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"cd2008c3-5bcf-4e28-871e-63bce5ad6a75","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":3,"box":{"x":51,"y":722,"width":415,"height":8}},{"id":"97fe14e7-665d-4229-bde1-70d6ffe15359","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":3,"box":{"x":51,"y":734,"width":423,"height":9}},{"id":"8f9d67bd-57b4-42c5-b059-eead1098ab46","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":3,"box":{"x":50,"y":747,"width":418,"height":9}},{"id":"43f7fc98-1139-4e82-a664-83d5276956a5","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":3,"box":{"x":51,"y":760,"width":408,"height":9}},{"id":"7b2de23a-31bf-4964-a38d-1ad5336ca633","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":3,"box":{"x":50,"y":773,"width":429,"height":9}},{"id":"23e58213-5962-4d8b-915d-7b93c9e1cc52","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"04422762-b597-4c8b-b4ac-3bbd65bd514e","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":803,"width":430,"height":9}},{"id":"f876bfd8-1ebf-467a-a090-0d06a7a3e411","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":816,"width":420,"height":9}},{"id":"c3e27d06-78b7-4f7d-bd81-7f9264ffe979","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":829,"width":372,"height":9}},{"id":"4f4a0738-7cf1-46a6-9028-af3d47b503e2","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":846,"width":414,"height":9}},{"id":"a689c4c6-e09a-426c-8706-ed659f38bf97","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":859,"width":400,"height":9}},{"id":"dd20d8f7-ceaa-4f67-b207-570e5f805a91","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":872,"width":396,"height":8}},{"id":"3368d4ea-b5c3-4130-aff1-f013c7004ca5","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":885,"width":416,"height":8}},{"id":"378dec70-38bd-4ce9-887a-b13859d66eb9","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":898,"width":403,"height":8}},{"id":"df3073d0-6059-4a35-b100-9ed9a4f3fe88","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":910,"width":407,"height":9}},{"id":"95a6d54b-68bd-459a-92f3-f506e0ae316b","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":923,"width":410,"height":9}},{"id":"85fa6578-2cbe-467f-9a8c-a98074eef59f","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":516,"y":92,"width":414,"height":9}},{"id":"c86f098d-2752-47e5-96f7-0cc0d5f7b61e","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":515,"y":105,"width":429,"height":8}},{"id":"d157f5f4-a5fc-4e46-89c8-95c33c61d886","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":515,"y":118,"width":432,"height":8}},{"id":"2a47063e-8837-48a2-8326-24a2bf30c92a","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":516,"y":130,"width":421,"height":9}},{"id":"cf90f789-3d08-43a3-87ec-fabce8d90a9a","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":516,"y":143,"width":429,"height":9}},{"id":"37833b04-e659-4549-9e9b-3b6ae2db5dfe","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"dffd9ea7-e421-4bbc-92d1-064a214db5ff","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":174,"width":416,"height":8}},{"id":"be60da91-0446-4ed6-97fd-c983fa323a1d","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":186,"width":415,"height":9}},{"id":"08f20a13-579a-4974-bd4c-046162e621b9","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":199,"width":422,"height":9}},{"id":"bb5e8ba1-94ae-4f44-b340-726fc2ded3de","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":212,"width":307,"height":9}},{"id":"b6129a2f-d841-444d-a6f2-1ace2a5f0e19","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"8dad94d3-f487-41db-8a55-cfa36bad1b97","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"f3bf11be-042c-43fe-a968-0ba6cc1e5766","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":225,"width":292,"height":9}},{"id":"c8a38523-d0ec-46c2-af20-44ab1ff330f3","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"748a5f77-ccd0-4521-b0c0-9fdef190062b","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":238,"width":421,"height":8}},{"id":"00b7c819-72e5-49b9-849c-1ec0d97add9b","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":250,"width":390,"height":9}},{"id":"e7d92637-43eb-40c4-a2ac-d22e4e170bc2","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"08845fce-d78e-4ba1-8706-1c3efc5267a5","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":268,"width":418,"height":9}},{"id":"6b4f2285-289e-489b-82f2-4ac67903c99d","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":281,"width":431,"height":9}},{"id":"dc07dbc3-6832-414a-91ac-00480b741738","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":294,"width":354,"height":8}},{"id":"60ac2c9f-8437-45e5-bc97-20edb32eacf2","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":311,"width":403,"height":9}},{"id":"2d691229-5675-421a-a569-aa2ee0025e48","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":324,"width":411,"height":9}},{"id":"c4b02e39-6316-49b2-bbb1-aa24b84165e6","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":337,"width":401,"height":9}},{"id":"edf64ecf-7e1a-43cc-9057-de9051cb7980","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":350,"width":402,"height":9}},{"id":"42858db6-cf2c-489c-83b4-11561ab062ac","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":363,"width":416,"height":9}},{"id":"47dc9621-b982-49d1-ad1f-19972016f533","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":376,"width":338,"height":8}},{"id":"b1829bfb-9c73-4c50-8ecf-068f8bce93c1","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":393,"width":408,"height":9}},{"id":"6d623da9-3a08-4fd3-9211-75b884cc08a3","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":406,"width":416,"height":9}},{"id":"5b94d0f7-bc0c-430f-8c4a-0937cceed320","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":419,"width":382,"height":8}},{"id":"08f9d96f-2fa6-4b67-915f-83033d72bdb9","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":432,"width":397,"height":8}},{"id":"4a633827-a933-4841-a759-1e45df6efeda","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"0b5638f3-1604-4fe2-9135-2b0793ee44b3","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":462,"width":398,"height":9}},{"id":"7323e4fc-4c25-4a38-aed6-1b525538dcdf","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":475,"width":407,"height":9}},{"id":"aca1646c-cdd3-48f9-adf0-6b11d73a9e29","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":488,"width":427,"height":9}},{"id":"d3328e11-0701-4149-91c0-983b3459d713","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":501,"width":403,"height":7}},{"id":"8293a5ff-807d-48c4-a529-33fbc96d2928","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":514,"width":393,"height":8}},{"id":"6d3fa065-c064-4aea-8b9c-a403eab851bf","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"56e10894-2e84-4b6b-ba83-c2732dcba2b3","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":544,"width":389,"height":9}},{"id":"56d486d8-17de-419f-a88e-3e093aeb9a13","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":557,"width":379,"height":8}},{"id":"1279fe4b-3f44-4ec4-bf88-3fd3a3054789","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":569,"width":360,"height":9}},{"id":"57695e7b-802c-4565-b086-3a364f183639","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":587,"width":419,"height":8}},{"id":"c6e539e3-2035-470f-9ef0-88229e14284a","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":600,"width":431,"height":9}},{"id":"ef2e489e-89ec-4e61-aabf-91dd7d2959a6","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":612,"width":428,"height":9}},{"id":"8e4d9062-acde-4627-bc88-0a35c085f88a","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":626,"width":427,"height":8}},{"id":"2c4289fd-0029-4c29-81df-b747ce09c8fe","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":638,"width":411,"height":9}},{"id":"74723b65-a674-481b-811a-3281541743d3","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":651,"width":395,"height":9}},{"id":"f9ae9eb6-cb2f-496b-b6fb-389eb20e0a9c","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":664,"width":411,"height":9}},{"id":"b79098b6-1d88-42bd-8320-8700e056fd30","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":677,"width":396,"height":8}},{"id":"9b0090bd-4bc9-4704-bf77-f5cfe77b34a8","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":690,"width":433,"height":8}},{"id":"7497acee-1ac1-408a-be23-512880dd6964","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":702,"width":420,"height":9}},{"id":"8687244a-20c8-4dbd-8550-f330dae863f8","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":715,"width":422,"height":9}},{"id":"b6ae7ed0-d54f-4306-936c-67ad0c54dea5","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":728,"width":392,"height":9}},{"id":"fd742622-d3a0-44c8-9c7e-0d386bc9788d","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":741,"width":407,"height":7}},{"id":"d92a8c75-fbc3-4677-a86b-9449e049a240","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":754,"width":413,"height":7}},{"id":"867999f1-a4f1-4b9c-83f3-4136abfc0b99","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":767,"width":412,"height":8}},{"id":"3747de1f-5977-4e81-8620-f6d402ab33d8","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":779,"width":431,"height":9}},{"id":"1182c525-88e8-4c8c-a663-59c424f3c431","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":792,"width":398,"height":9}},{"id":"c1218d1d-46f7-4bc3-82e6-d5fe1b4454d5","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":805,"width":403,"height":9}},{"id":"1b41c00f-ba98-4f5a-a494-c36412bcc6a1","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":818,"width":401,"height":9}},{"id":"9e6f4ef2-5f1d-441a-8b69-ef5992dbc0af","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":831,"width":418,"height":8}},{"id":"1eb50eb2-e1a0-4511-b1c4-b3da644b2eca","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":844,"width":428,"height":8}},{"id":"9b0ea6a9-4a27-4421-99bb-b2386f06d32d","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":856,"width":405,"height":9}},{"id":"b3b38226-738b-44d6-95a4-1539184a8ac0","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":869,"width":426,"height":9}},{"id":"69376513-764c-4812-9425-63e899d1d0d5","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"616dec87-d1de-4827-9584-e9501dc3aa27","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":900,"width":429,"height":8}},{"id":"551e7ae2-def8-40e1-8a87-1e19d933d0a6","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":912,"width":428,"height":9}},{"id":"ed2eec81-7610-4cdc-9787-904e19544ebd","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":925,"width":415,"height":9}},{"id":"ba736a9d-1616-48bb-ad9c-f136878097a5","block_type":"box","text":"Report ID: 5649054.1","page_number":3,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"27b83236-35d3-452e-b354-f25b2f1825c0","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"6ad5b875-99e9-45cf-a3d8-b6debb177861","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"b3629266-920b-4489-9128-33befaa785bc","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"99ad8a98-b290-4968-83ac-e616136f023e","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"cca17f0e-2087-4696-bfb6-cd8cd9242034","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"0df785c9-ff82-42d8-8add-96205367eed4","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"cd709ade-eb5f-4c65-88d7-6c7225d471b1","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ca66e165-8d53-45d6-b926-1a4c5797c5c4","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"17888c29-964d-4f7d-bc5c-3ff522608f43","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":47,"y":36,"width":389,"height":8}},{"id":"8439b121-726a-42c2-81f8-873e62c30d87","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":47,"y":48,"width":433,"height":9}},{"id":"97c49787-4d28-4822-86e7-394b7298e222","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"de44ed48-a146-41a0-b287-8a711cbea287","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":47,"y":83,"width":361,"height":9}},{"id":"fe455144-cec7-4642-becc-c0b768897966","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":47,"y":96,"width":403,"height":9}},{"id":"485e98a1-2023-4491-bcdd-2346bef34cc8","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"890a3907-dc49-4e1b-b4fc-96bca1f60e30","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":47,"y":127,"width":434,"height":8}},{"id":"78604b66-5a79-4d02-b072-7fc56a6fd790","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":47,"y":139,"width":419,"height":9}},{"id":"3edc2391-6dde-4e45-95df-c5acfdb3ed0a","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":47,"y":152,"width":398,"height":9}},{"id":"720dfa01-9733-477a-8f85-9122a31e91ee","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":47,"y":165,"width":413,"height":9}},{"id":"618ced3f-2ea0-40c4-bafe-fc18971a4e7c","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":47,"y":178,"width":292,"height":7}},{"id":"724698a4-3a39-42ec-8e9a-dd5f14d18a4e","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"fe8c454e-bd2d-4f10-a1cb-97ac4a1cee4d","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"3439da42-0735-4916-8d56-5db298ef81e2","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"1d666465-105c-4fe1-9376-b5018403f3f3","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":47,"y":196,"width":388,"height":7}},{"id":"a5b38bde-69a1-4f1e-944f-8abdf1741473","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"36920f19-1b2c-41f2-8c88-fb0917ab424c","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":47,"y":226,"width":385,"height":9}},{"id":"7c1d8508-def0-41a5-b392-71e0628cfe04","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":47,"y":239,"width":403,"height":9}},{"id":"dc22409e-bea9-49f1-b048-9919bbdd784c","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":47,"y":252,"width":402,"height":8}},{"id":"98706a10-6d70-47fe-9f44-224015f88fc7","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":47,"y":264,"width":412,"height":9}},{"id":"0c3245c6-ab95-43bb-9fa8-9b37c9a9d15b","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"1226dd14-5b48-4c1f-972f-fbd65c5fcf7b","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":47,"y":295,"width":412,"height":9}},{"id":"7f796203-1897-46b5-8ad7-49470236b93a","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"df6ecf12-2f7d-4079-bd59-5ec0b2cabaaa","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":47,"y":320,"width":427,"height":9}},{"id":"c20783f2-a34b-41b1-8384-571753385047","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":47,"y":333,"width":395,"height":9}},{"id":"01f62059-6a0b-4587-a8fb-e21da5ba51f5","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":47,"y":346,"width":426,"height":9}},{"id":"0af457bb-3f70-4b2e-b1d2-c37b0d954e05","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":47,"y":359,"width":369,"height":7}},{"id":"950a40d3-c59f-480f-b1e2-4d2f4eb54bdf","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":47,"y":372,"width":409,"height":9}},{"id":"86c1bc78-638b-43b3-88c1-0c4d7801d66e","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":47,"y":385,"width":414,"height":8}},{"id":"74788def-fadc-405c-b883-e90868ff2d51","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":47,"y":398,"width":426,"height":8}},{"id":"5d1df7db-76b6-4026-ac6a-7b03f0080caf","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":47,"y":410,"width":277,"height":7}},{"id":"39a309f4-a940-4822-9cb0-89c68439dc1b","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":512,"y":36,"width":409,"height":8}},{"id":"6bbd7ee0-b93b-426c-8699-9a618a2a5bb6","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"dc28f368-80bb-44df-b628-daccee0bb50a","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":512,"y":61,"width":414,"height":9}},{"id":"cd2eb4fc-8c5e-4f03-9262-9b0b114ec6ac","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":512,"y":74,"width":411,"height":9}},{"id":"22d45c64-2e22-4df7-b2f3-7682c8b35f5e","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":512,"y":87,"width":421,"height":9}},{"id":"d058f802-e710-4cb9-8152-6dbf2b321168","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"eefcf1ee-58bb-4008-811f-b3ceb4cf27cd","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":512,"y":117,"width":409,"height":7}},{"id":"8c0cd24d-1ca4-49a3-b7df-12c1c5cb40cf","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":512,"y":130,"width":413,"height":9}},{"id":"c1777812-b1a0-449a-8e48-325da6c00588","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":512,"y":143,"width":396,"height":9}},{"id":"467acd41-5b8a-4788-8a35-47cafd91a13f","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":512,"y":156,"width":391,"height":9}},{"id":"e956b5e7-0f92-4d64-9afb-740e454bdad1","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":512,"y":169,"width":428,"height":8}},{"id":"aa2fe34e-0e4b-497c-aceb-350b3c6dec5a","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":512,"y":181,"width":419,"height":9}},{"id":"af404169-00c1-43e6-9195-22a52d296a71","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":512,"y":194,"width":359,"height":9}},{"id":"6261eb43-f57d-4eac-8afc-56b69146a246","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":512,"y":207,"width":374,"height":9}},{"id":"538d9f17-6ff7-4184-9493-ce158a73e81b","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":512,"y":225,"width":419,"height":8}},{"id":"0262b9d2-edc6-41cd-9d66-31d6b1b2c39b","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":512,"y":237,"width":403,"height":9}},{"id":"8a5acf90-ffe5-4e97-8162-29f9d98a1cf6","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":512,"y":250,"width":402,"height":9}},{"id":"1abaeb7b-1d57-40bd-87aa-d556f7a15804","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":512,"y":263,"width":391,"height":9}},{"id":"82e90509-a41d-43a4-af26-0cd02c55e744","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"cfda09b0-bdf3-43ab-865a-4f5634946ba2","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":512,"y":294,"width":416,"height":8}},{"id":"98a587a2-baca-45f1-9e3a-9156d873c326","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":512,"y":307,"width":393,"height":8}},{"id":"f3c32bd9-8182-4553-b038-6cf2548e52e0","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":511,"y":319,"width":412,"height":9}},{"id":"9158cc3d-7936-4c82-9804-d74cc16b6edd","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"854e1024-b935-449b-9fc9-ecfc5fd748ef","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"e39af44f-8df7-4efc-93a0-5ab6635d9c72","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"53ccf1b0-7df4-4c3d-89d8-4ac1e6f4d92a","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"b27bfe6b-f3a5-48ce-a262-79f500643eb6","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"5bfa24c4-6191-4d3b-b0ab-2fa173261bf3","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"4b24b1c1-ef63-4800-afe0-0c7b69ed019e","block_type":"box","text":"Report ID: 5649054.1","page_number":4,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"520dabc8-6be1-41a9-a9bd-13360bcddd05","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"9e6335cb-18b4-4c1b-a182-c2312b530eaf","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"a09433d4-cd57-4d10-897f-61e4a676ac1d","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"d2381f1a-9952-4cf4-b048-22bd27ac0348","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"50701664-e745-4c17-8bd7-2a9d3e7016a3","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"88e658bc-7c63-409b-9fd8-2806399139eb","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"447e35ac-6274-4948-ac98-a5a3608590e4","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"09b77827-a56c-4041-94ba-e81fc41cc018","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":"2360e179-5fe2-42b1-a85e-6b1eff1d4e94"},"user_id":1000002,"date_created":"2026-10-17T01:06:52.719000Z","date_modified":"2026-10-17T01:06:52.719000Z","private":false}