{"annotation_id":"90410922-985a-47b1-98b0-3d1a10c1434b","file_hash":"b6509ea43e8e23c97a81c3bb4ff472a19d210f528a09a65e5acda1c1ae2d34cd","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"861d05c7-4eb2-4e89-b670-8e4d9844f5d4","block_type":"box","text":"State Street® SPDR® Bloomberg 0-3","page_number":1,"box":{"x":51,"y":71,"width":619,"height":23}},{"id":"b2953670-dc34-41a4-8e65-f97ae1a5c503","block_type":"box","text":"Year U.S. Corporate Bond UCITS ETF","page_number":1,"box":{"x":50,"y":105,"width":646,"height":23}},{"id":"1c8b46e1-93b8-4353-9d37-8962e772b1dc","block_type":"box","text":"(Dist)","page_number":1,"box":{"x":52,"y":139,"width":91,"height":21}},{"id":"013536ed-532d-4e15-91ce-25f3dd92ff50","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"5d4c52a0-dd8b-46ed-adaa-23e1f10394c0","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"d70afe13-2ac6-452a-bfb0-5bc155560dad","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"27021dd1-4fa9-4f59-b891-bfde25cae75e","block_type":"box","text":"IE00BC7GZX26","page_number":1,"box":{"x":754,"y":107,"width":86,"height":6}},{"id":"929644b3-71fd-4c69-8dfc-eec32c3ccbce","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"237b9cc6-2155-421a-a3a4-5a71405cba9b","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":186,"width":884,"height":8}},{"id":"b2f793f3-c3c2-44b1-a63e-0c6917f8bc3c","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":198,"width":888,"height":9}},{"id":"1255b6e4-f4b5-4f91-85c2-a2590914b6e1","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":211,"width":866,"height":9}},{"id":"a65e2911-b1da-4542-8de4-00adf2066b50","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":224,"width":842,"height":9}},{"id":"0554f599-289d-44a8-b86e-c1b353a495d7","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":237,"width":560,"height":9}},{"id":"33027de9-bebf-4901-9fad-e0ef98ce3b5b","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":286,"width":225,"height":15}},{"id":"fc4603db-2549-4364-bd4e-26ce0e4ed834","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI, Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":319,"width":869,"height":7}},{"id":"26f71d38-7db5-4fa5-b67a-676381259d71","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":332,"width":875,"height":8}},{"id":"efbfe1c5-589a-46e2-9052-152dcc7c3fc4","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":343,"width":481,"height":7}},{"id":"cf9798e6-e4cb-49b3-ab2c-11fa1b675d7e","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":357,"width":123,"height":7}},{"id":"3689f857-1643-4307-9bff-09c84dd60f38","block_type":"box","text":"Companies with SBTi","page_number":1,"box":{"x":50,"y":388,"width":164,"height":10}},{"id":"206f92e4-e0c6-4775-9bb2-3a3d85c4075f","block_type":"box","text":"Approved Targets","page_number":1,"box":{"x":50,"y":403,"width":138,"height":10}},{"id":"e5c246a7-e8ed-4a11-ba16-23f1bca2d6e3","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":389,"width":146,"height":8}},{"id":"170d78d3-0670-4830-a46b-033acbb910e4","block_type":"box","text":"29.88%","page_number":1,"box":{"x":105,"y":427,"width":60,"height":7}},{"id":"5f75bed4-41ab-4e2d-ad3e-16ac60fa96d7","block_type":"box","text":"0.28","page_number":1,"box":{"x":338,"y":427,"width":40,"height":7}},{"id":"6be396aa-92bb-4e1a-8164-e85ae1477fe9","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":443,"width":111,"height":6}},{"id":"cfcc562a-d097-4bbf-92e4-6aa4a4bbf6d7","block_type":"box","text":"Green/Fossil Fuel","page_number":1,"box":{"x":50,"y":474,"width":134,"height":9}},{"id":"a9a82e96-015a-4259-bfcf-26c2d260876c","block_type":"box","text":"Based Revenue Ratio","page_number":1,"box":{"x":51,"y":489,"width":157,"height":8}},{"id":"a55f6fc2-d9ce-4c66-b62c-92bcd324f427","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":284,"y":474,"width":96,"height":9}},{"id":"e1092e1a-f792-442e-a215-5e426a0d0828","block_type":"box","text":"0.45","page_number":1,"box":{"x":104,"y":513,"width":40,"height":7}},{"id":"d16ab78a-125c-4af5-adc8-a156fb8e5059","block_type":"box","text":"0.70%","page_number":1,"box":{"x":338,"y":513,"width":51,"height":7}},{"id":"b006f662-a02f-4dc4-9d48-524438e3d103","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":51,"y":560,"width":125,"height":8}},{"id":"f18a5ec8-1f2d-4b20-9d9b-9e53b2e56c14","block_type":"box","text":"Low Carbon Transition","page_number":1,"box":{"x":284,"y":560,"width":175,"height":8}},{"id":"3b84aede-200d-4cdd-b784-3ee1448dc350","block_type":"box","text":"Score","page_number":1,"box":{"x":284,"y":575,"width":43,"height":8}},{"id":"02598cb0-6ee4-4355-863a-ff804749dbe1","block_type":"box","text":"6.90%","page_number":1,"box":{"x":105,"y":598,"width":50,"height":8}},{"id":"3a8ad460-d67b-46d9-b98e-eeffb5a5f258","block_type":"box","text":"5.89","page_number":1,"box":{"x":338,"y":598,"width":39,"height":8}},{"id":"10fcebe0-496b-4002-81d4-477f5d08aae5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":627,"width":93,"height":8}},{"id":"197abd01-a3fe-4e68-bb3b-935b7371f983","block_type":"box","text":"98.67%","page_number":1,"box":{"x":182,"y":628,"width":46,"height":6}},{"id":"b8b9dfbf-34b2-45b9-9c10-aa1c3644bf45","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":627,"width":93,"height":8}},{"id":"5d946cd9-9755-40fc-b7bf-7328817ee57e","block_type":"box","text":"95.57%","page_number":1,"box":{"x":416,"y":628,"width":45,"height":6}},{"id":"53b98392-9690-480f-949a-117559d7cf34","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":660,"width":162,"height":10}},{"id":"68096b08-93e9-457e-af16-3d8e0eadcdb7","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":674,"width":64,"height":10}},{"id":"41e7a1fc-d6a2-4e05-ba17-3d336b0bf5a5","block_type":"box","text":"2.68","page_number":1,"box":{"x":105,"y":698,"width":39,"height":8}},{"id":"780894e3-4c82-4d2a-875a-213900b637af","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":727,"width":93,"height":7}},{"id":"c81657b8-2aac-41f3-a3da-46d751c9bf75","block_type":"box","text":"96.82%","page_number":1,"box":{"x":182,"y":728,"width":46,"height":6}},{"id":"d7016f9d-5b98-4763-a208-423875794255","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":758,"width":133,"height":10}},{"id":"fa3a0c05-1c13-4851-9ba0-9977545dce90","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":761,"width":76,"height":6}},{"id":"8e1ac288-9b00-4914-ae43-bb4a1ce0ec3b","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":778,"width":41,"height":5}},{"id":"594a8f5f-9c0b-48a2-9c4d-1dacef0b8308","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":778,"width":93,"height":7}},{"id":"14a1d2bc-ad77-4ee6-8460-081603c33ff4","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":792,"width":37,"height":7}},{"id":"2dcedf49-391e-4d96-adf2-82d740ed94b6","block_type":"box","text":"39.09","page_number":1,"box":{"x":322,"y":793,"width":37,"height":6}},{"id":"b477685d-c8e9-4fda-b5bd-8a89a04c9710","block_type":"box","text":"98.67%","page_number":1,"box":{"x":438,"y":793,"width":45,"height":6}},{"id":"463cf899-a25a-4bc1-bfd5-894d2bfee969","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":808,"width":41,"height":7}},{"id":"3f3b9eb9-e029-4da4-a991-385228c63cf7","block_type":"box","text":"5.77","page_number":1,"box":{"x":330,"y":809,"width":29,"height":6}},{"id":"eb29605d-23fa-44c7-a809-ea884ced712a","block_type":"box","text":"98.67%","page_number":1,"box":{"x":438,"y":809,"width":45,"height":6}},{"id":"1e6df521-0715-4321-9f55-362f07c1b757","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":825,"width":41,"height":7}},{"id":"c323df5f-234e-437b-b857-a3a33aae728e","block_type":"box","text":"219.51","page_number":1,"box":{"x":314,"y":826,"width":45,"height":6}},{"id":"8edaea8e-6467-41a7-bbd9-885153787226","block_type":"box","text":"98.67%","page_number":1,"box":{"x":438,"y":826,"width":45,"height":6}},{"id":"72a76455-256a-4b0f-859f-d1408cd62f28","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":841,"width":52,"height":8}},{"id":"e832647d-89a3-4803-ad87-ea86ae9743b9","block_type":"box","text":"44.86","page_number":1,"box":{"x":322,"y":843,"width":37,"height":5}},{"id":"5e09b5ce-12f9-4e46-8837-8aa1444b9bcf","block_type":"box","text":"98.67%","page_number":1,"box":{"x":438,"y":843,"width":45,"height":5}},{"id":"a9458ebc-dfd7-43b0-b8b0-997ec305efe2","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":858,"width":66,"height":7}},{"id":"d1e7f752-61a5-402b-b2b0-fe03cd36456d","block_type":"box","text":"269.06","page_number":1,"box":{"x":314,"y":859,"width":45,"height":6}},{"id":"85022068-e7ae-4efa-80db-d3f42aaeab56","block_type":"box","text":"97.63%","page_number":1,"box":{"x":438,"y":859,"width":45,"height":6}},{"id":"35f3c7bd-06fa-428c-9db7-7fb58e357365","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":389,"width":177,"height":8}},{"id":"d2b4b21b-c725-4124-a118-27e198881ee6","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":413,"width":42,"height":5}},{"id":"1dcf077a-baad-47db-aaf3-492a28ae3d2e","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":413,"width":93,"height":7}},{"id":"e68c2819-84a2-4c72-8c26-b68aa425c579","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":427,"width":37,"height":7}},{"id":"c02939e8-3a39-48c6-9c17-f70cee9a74a9","block_type":"box","text":"3,991.68","page_number":1,"box":{"x":780,"y":428,"width":61,"height":7}},{"id":"6d02c0e2-ce10-4d06-a85d-af2146ae3136","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":428,"width":45,"height":6}},{"id":"1577c3af-e8da-4f97-8a5d-9011d29ddbf7","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":443,"width":40,"height":7}},{"id":"44c7eb67-853a-4f53-939d-df8dc5f3238b","block_type":"box","text":"588.90","page_number":1,"box":{"x":795,"y":444,"width":46,"height":6}},{"id":"910f215b-3ce6-4b27-8f40-88496269f9a1","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":444,"width":45,"height":6}},{"id":"8189b064-ddf8-4890-b829-80c4e5aa95fd","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":460,"width":40,"height":7}},{"id":"83fe4fb7-7f9b-4314-b215-02c76682f0a8","block_type":"box","text":"22,412.63","page_number":1,"box":{"x":772,"y":461,"width":68,"height":7}},{"id":"3050b3ae-cdf1-452c-845a-b2a5671b890f","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":461,"width":45,"height":6}},{"id":"76b87b03-3c25-48fb-ba1f-ee07600be7b7","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":477,"width":51,"height":7}},{"id":"8d4c70ae-fe28-4f4d-96fc-94e2ea32fcc9","block_type":"box","text":"4,580.54","page_number":1,"box":{"x":780,"y":478,"width":61,"height":7}},{"id":"27ef019d-6ddd-4dee-9f13-7871e4ef7525","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":478,"width":45,"height":6}},{"id":"a6500347-a160-4d8b-81c2-654741ed6931","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":520,"width":271,"height":10}},{"id":"38df7c38-7614-4329-9ee0-5c174ed2b205","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":523,"width":77,"height":6}},{"id":"37a66987-6a75-4fb4-9196-11c92e94a860","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":544,"width":42,"height":6}},{"id":"46b33ab7-3d3a-42cf-9ec5-804784ac3e76","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":544,"width":93,"height":7}},{"id":"981e411e-7232-4ad7-8405-083f6ef14837","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":558,"width":37,"height":7}},{"id":"ee552411-7967-404b-9f0f-20a5ddba24b8","block_type":"box","text":"142.25","page_number":1,"box":{"x":796,"y":559,"width":44,"height":6}},{"id":"31e8fdbd-35a1-4721-beb1-3aa81b783199","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":559,"width":45,"height":6}},{"id":"60592e2d-dbfa-4250-8f45-4b7614364550","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":574,"width":40,"height":8}},{"id":"5d588d0d-9064-43ad-9486-a61a2cd2417a","block_type":"box","text":"20.33","page_number":1,"box":{"x":803,"y":576,"width":37,"height":5}},{"id":"122c1351-0e49-4949-a891-7738173da4c1","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":576,"width":45,"height":5}},{"id":"54002d99-4236-4913-98b3-23b93dc84e8a","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":591,"width":40,"height":7}},{"id":"3aa5a4db-f582-4731-a59d-a1eaf91b71fa","block_type":"box","text":"579.06","page_number":1,"box":{"x":795,"y":592,"width":46,"height":6}},{"id":"52c33710-a944-4e5f-8456-b889d4c4796f","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":592,"width":45,"height":6}},{"id":"2e34cb0b-a7a0-4a17-b335-e3386882ad0d","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":608,"width":51,"height":7}},{"id":"34164778-8041-4844-ad95-67876e0da688","block_type":"box","text":"162.58","page_number":1,"box":{"x":796,"y":609,"width":45,"height":6}},{"id":"b119ad5c-85ef-4f94-a4f5-160651aff4ff","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":609,"width":45,"height":6}},{"id":"75a0a188-c091-4129-ae91-d54f9240cb97","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":624,"width":66,"height":7}},{"id":"8a484904-e302-4385-8d01-ad5dcdefb0ad","block_type":"box","text":"742.95","page_number":1,"box":{"x":795,"y":625,"width":45,"height":6}},{"id":"29f7902a-bd2a-4cf2-bf40-a37db76b3eef","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":625,"width":45,"height":6}},{"id":"7b3767be-8a18-4370-a71a-08f89e2d04d9","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":667,"width":189,"height":10}},{"id":"dbd055df-317e-464f-b5e0-0a5a8fb23c8d","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":692,"width":82,"height":7}},{"id":"d4a57621-462a-412b-980e-37c0a8a0f5ef","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":692,"width":42,"height":6}},{"id":"ea27d767-edb2-4316-9ffa-6d62bf28de38","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":692,"width":93,"height":8}},{"id":"8ded24c8-9d54-4f16-ba8e-0d6fb642b3b2","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":706,"width":127,"height":8}},{"id":"f82122a9-9ed0-4c5f-932a-c306ade27dc4","block_type":"box","text":"-11.54%","page_number":1,"box":{"x":789,"y":708,"width":52,"height":5}},{"id":"7be357dc-c170-46e6-b067-7438e4624be9","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":707,"width":45,"height":6}},{"id":"8e31cfb1-70de-48d9-9c31-2b17868a0d20","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":723,"width":134,"height":7}},{"id":"3b6c82ed-4011-4c71-9a23-2de4351aba24","block_type":"box","text":"-4.82%","page_number":1,"box":{"x":797,"y":724,"width":44,"height":6}},{"id":"5a65b023-cd5a-4f0d-b0b5-f4e1e9fc5fa3","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":724,"width":45,"height":6}},{"id":"e6099cf1-009f-4250-9686-80c3f30a6fa8","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":739,"width":79,"height":7}},{"id":"36904ab6-5892-4481-a991-60df9956f991","block_type":"box","text":"-3.46%","page_number":1,"box":{"x":797,"y":741,"width":44,"height":6}},{"id":"a4aaedb2-7501-4514-902e-cdc5e3a66f8c","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":741,"width":45,"height":6}},{"id":"97cf105e-baa5-4d21-85fa-0df9a8bc9563","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":756,"width":164,"height":7}},{"id":"a004d929-edb2-4515-bd12-dcc483fad66b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":773,"width":127,"height":7}},{"id":"3c2dad33-050e-442c-a4a9-3781edb7c82b","block_type":"box","text":"0.69%","page_number":1,"box":{"x":803,"y":774,"width":38,"height":6}},{"id":"48826899-fd9d-472a-9145-c48e3f1761d6","block_type":"box","text":"91.72%","page_number":1,"box":{"x":903,"y":774,"width":45,"height":6}},{"id":"76ed7115-0913-444e-a649-a5633275b2f5","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":789,"width":134,"height":8}},{"id":"b15fbbd1-2fb9-4bfe-85f8-55c646b9399a","block_type":"box","text":"0.14%","page_number":1,"box":{"x":803,"y":791,"width":38,"height":5}},{"id":"509bc148-70e0-403f-b13b-959ec26435c9","block_type":"box","text":"91.72%","page_number":1,"box":{"x":903,"y":791,"width":45,"height":5}},{"id":"4c6722cc-1f86-44f8-a14b-c7dd4b033ef4","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":806,"width":79,"height":7}},{"id":"f07ce506-f10e-40b0-8c0b-d1a92127d30d","block_type":"box","text":"0.15%","page_number":1,"box":{"x":803,"y":807,"width":38,"height":6}},{"id":"83d71f5d-bee6-4c47-a02b-566d01bbc6ce","block_type":"box","text":"91.72%","page_number":1,"box":{"x":903,"y":807,"width":45,"height":6}},{"id":"a71cdc20-6eff-464a-ab14-6a17bb8a5ca9","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":823,"width":95,"height":7}},{"id":"254fcc80-2edf-48f8-93a5-1cd7832d2baf","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":839,"width":127,"height":8}},{"id":"990e2844-fda9-4ba9-8fdb-e7471b8eba7a","block_type":"box","text":"-0.37%","page_number":1,"box":{"x":797,"y":841,"width":44,"height":5}},{"id":"aa9e5953-738c-4b64-bf90-a0a12bca90cb","block_type":"box","text":"96.74%","page_number":1,"box":{"x":903,"y":841,"width":45,"height":5}},{"id":"71bd69b4-db4f-4112-9560-2a4bf8eb9e12","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":856,"width":134,"height":7}},{"id":"6a36a6bf-bffc-4933-aff2-d9e3a0731a2a","block_type":"box","text":"-0.79%","page_number":1,"box":{"x":797,"y":857,"width":44,"height":6}},{"id":"5556d6ac-ab0b-4ffb-aed3-449a09fd06bd","block_type":"box","text":"96.74%","page_number":1,"box":{"x":903,"y":857,"width":45,"height":6}},{"id":"0eb374fd-4eb3-4b28-a416-77e2c52317df","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":873,"width":79,"height":6}},{"id":"6037837c-6bf7-4ec5-9d1f-8a7e9e3a38b0","block_type":"box","text":"-1.20%","page_number":1,"box":{"x":797,"y":874,"width":44,"height":6}},{"id":"fbf26303-40e5-4000-bb9c-fef26c52077e","block_type":"box","text":"96.74%","page_number":1,"box":{"x":903,"y":874,"width":45,"height":6}},{"id":"ccbce92c-0cd1-43ab-afac-037b14b32a50","block_type":"box","text":"Report ID: 5593045.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"0113110a-910f-4278-bf2c-c001ebad1d58","block_type":"box","text":"Published: 11 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":126,"height":9}},{"id":"4473a6c5-83bb-4b27-9501-076c2001ec2e","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"c1d20700-99c5-4cf7-a688-d7bde6a7fb81","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"4b4cc0f3-7939-4df0-ad66-dbed41ff15e4","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"6fbcc43f-62e1-4eb4-8286-268d8d5d257d","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"df03cef6-61e1-4924-909d-d7d365d43c97","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"1ba190ab-1af4-47a8-9633-bbd04c9273a5","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"db0ce3ef-8b2d-4a32-85fd-70c9f419d260","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"6e2fa1db-48b5-4890-9e50-86b5a672f7bf","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"21bf7e04-973f-4c2b-934c-1eee2d85c88d","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":"79f99d82-577e-45be-8532-e4dd893d35db","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":"720bcaad-3dc5-45a0-b20c-b4edd12c7ee6","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"069943aa-8919-4213-920c-3541cfdd2c91","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"e548c6f9-7930-4884-9c58-536e8d91090c","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"b59a431a-7f61-45a5-8eaa-3d57168c12c6","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"c21a755b-30b0-438f-ae96-7ad27753e1e1","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":"49b5db71-b973-4f30-a423-845bd772f039","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"680c7e06-bd7f-4f49-983d-23a5eb416185","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"4a0bf7a4-fb0f-415d-90f3-a485e9bf7a86","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"43c1b880-7af4-4608-b2ae-81e304dd7aa7","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"deb43b40-4250-40b2-90bb-88577d36e98c","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"7bc28291-727d-4f4d-9a89-ede26866ad2d","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":"9850bca1-5543-4544-ac15-54d4caeb411c","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":"7c7cb500-8b93-401b-b755-a78da83b0e77","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":"5fe023cb-e46c-49b0-9a12-2e29e36ae88d","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":"b4d4b2b6-a5e5-459f-bae8-b5684385f15d","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":"9e6ecfc9-cab3-418b-b91b-e911320b05f2","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":"202590be-2b31-4c4a-a389-80413b7de1a5","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"39769350-6102-4f2b-ba01-e8d67bcd2e82","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":311,"width":110,"height":7}},{"id":"490de2f4-6bf3-4d42-97c7-7b31a9ecb797","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":311,"width":287,"height":9}},{"id":"003016ea-b238-4153-a330-f6367e9166e6","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":324,"width":425,"height":9}},{"id":"a53f359c-f0ca-4611-88cc-9dfbd8663986","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":337,"width":411,"height":8}},{"id":"d968d6f7-c734-40b8-a7cb-2a276ca5f704","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":350,"width":426,"height":8}},{"id":"ad013d18-d9c4-4d98-b9c3-378259349a9c","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":362,"width":415,"height":9}},{"id":"680c11f1-2950-454c-b5c2-4c128f212dc4","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":375,"width":419,"height":9}},{"id":"be8fdac9-acc0-4905-9058-ef31b59da9fc","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":388,"width":76,"height":7}},{"id":"fc084789-181d-48cf-8914-2a267b34d029","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":406,"width":158,"height":7}},{"id":"0783f569-adb6-45db-9a7a-36ceb9942b53","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":406,"width":225,"height":8}},{"id":"263b3d30-855c-4d87-b221-773b2914bd9a","block_type":"box","text":"Security with Brown Revenue for the Portfolio.","page_number":2,"box":{"x":51,"y":418,"width":271,"height":9}},{"id":"61d89f38-435f-4f0b-84ee-5316ee8d8c14","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":176,"height":7}},{"id":"70568ac2-49a7-4a65-a234-e21762ebea67","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":436,"width":243,"height":9}},{"id":"ec2b383d-a0e2-4068-a023-c695147dbd6d","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":448,"width":413,"height":9}},{"id":"c22db7d7-4de8-4047-abdd-3e8e748d6cb4","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":461,"width":241,"height":9}},{"id":"1ea5751b-0533-4858-bbf1-ba7f99374263","block_type":"box","text":"Green Bonds:","page_number":2,"box":{"x":51,"y":479,"width":86,"height":7}},{"id":"788a6fd3-a05a-4e0c-8464-43cb5bf48a5c","block_type":"box","text":"The Climate Bonds Initiative (CBI) defines green bonds","page_number":2,"box":{"x":140,"y":479,"width":325,"height":9}},{"id":"293a5489-e163-4819-a319-cdf7149e9ac3","block_type":"box","text":"as debt instruments that finance projects with environmental benefits,","page_number":2,"box":{"x":51,"y":492,"width":415,"height":9}},{"id":"4ee445af-72d4-4f0b-8d71-8c297263cc81","block_type":"box","text":"and the CBI Green Bond Database uses a methodology to evaluate","page_number":2,"box":{"x":51,"y":505,"width":397,"height":9}},{"id":"854878a1-bdcb-4191-828c-df0d945c14ce","block_type":"box","text":"and categorize projects as green.","page_number":2,"box":{"x":51,"y":518,"width":196,"height":8}},{"id":"f0796635-db8e-4e5b-bbdc-3c728318eaf5","block_type":"box","text":"The CBI’s methodology includes the","page_number":2,"box":{"x":251,"y":518,"width":213,"height":8}},{"id":"f5614ee2-1a57-481e-8b97-b38770e01d2a","block_type":"box","text":"following criteria:","page_number":2,"box":{"x":50,"y":531,"width":101,"height":8}},{"id":"a1da12df-9068-4aaf-9ab3-e957a9bfe59e","block_type":"box","text":"Self-labeling:","page_number":2,"box":{"x":91,"y":548,"width":84,"height":9}},{"id":"73e03b88-628f-4f5d-8ce5-156feddfc879","block_type":"box","text":"The issuer must consciously label the instrument","page_number":2,"box":{"x":178,"y":548,"width":291,"height":9}},{"id":"a48ed246-cfa9-4761-b575-b966fa1000b9","block_type":"box","text":"as a green bond.","page_number":2,"box":{"x":91,"y":561,"width":97,"height":9}},{"id":"9c03854b-ec68-42de-b249-f55780059381","block_type":"box","text":"Public disclosure:","page_number":2,"box":{"x":91,"y":579,"width":112,"height":6}},{"id":"65301dfd-d4c8-4973-af01-2f2aa9037692","block_type":"box","text":"The issuer must provide sufficient information","page_number":2,"box":{"x":206,"y":579,"width":272,"height":8}},{"id":"e99b02bc-a4ce-4f1f-8a0a-6cc38ea9152f","block_type":"box","text":"to determine if the financed assets are green.","page_number":2,"box":{"x":91,"y":591,"width":267,"height":9}},{"id":"3633d30b-9c5d-4cb3-9ec4-b4c175f661ed","block_type":"box","text":"This includes","page_number":2,"box":{"x":362,"y":591,"width":78,"height":7}},{"id":"72c8683e-f0f2-49c0-9b3e-ce2b86e9647a","block_type":"box","text":"information such as the amount outstanding and closing","page_number":2,"box":{"x":92,"y":604,"width":332,"height":9}},{"id":"645b3c83-76d5-41fb-a45c-1ecf4bab7b68","block_type":"box","text":"confirmation.","page_number":2,"box":{"x":91,"y":617,"width":78,"height":7}},{"id":"8952b1f8-97c8-4a14-af70-ac2d73697015","block_type":"box","text":"Eligible sectors:","page_number":2,"box":{"x":91,"y":635,"width":100,"height":8}},{"id":"9415d728-f2f8-42c6-b401-511afc3e2ff2","block_type":"box","text":"The financed assets must be in eligible sectors,","page_number":2,"box":{"x":195,"y":635,"width":279,"height":8}},{"id":"7759b836-c73f-4d7f-a837-6b7cd4f046c3","block_type":"box","text":"such as energy efficient products and processes, or non-energy","page_number":2,"box":{"x":91,"y":647,"width":378,"height":9}},{"id":"2e8055cd-115e-4645-adb0-87f8bdc953c5","block_type":"box","text":"GHG reductions.","page_number":2,"box":{"x":91,"y":660,"width":100,"height":7}},{"id":"6aeb61bc-6210-40c7-a11d-666d365f8cc9","block_type":"box","text":"Eligible use of proceeds:","page_number":2,"box":{"x":91,"y":678,"width":154,"height":9}},{"id":"5099e431-c3dd-4b5b-b5a9-745926053e6a","block_type":"box","text":"The proceeds must be used for eligible","page_number":2,"box":{"x":248,"y":678,"width":230,"height":9}},{"id":"f7141076-4e15-4519-baf0-1a941fa53da6","block_type":"box","text":"purposes.","page_number":2,"box":{"x":92,"y":693,"width":57,"height":6}},{"id":"3eb65e0c-4de8-4bb2-b6c8-aa13d85b8280","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":51,"y":708,"width":122,"height":7}},{"id":"f72aa455-952b-4aed-8f14-12ccc43ebaa0","block_type":"box","text":"Market Value of Securities with Green Bonds as a","page_number":2,"box":{"x":177,"y":708,"width":292,"height":7}},{"id":"325dd5ad-1c5e-44b3-8719-9380bd074231","block_type":"box","text":"Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":51,"y":721,"width":405,"height":9}},{"id":"972bbcc5-6b3b-45bb-8e11-355b9280d12c","block_type":"box","text":"Green/Fossil Fuel Based Revenue Ratio - MSCI:","page_number":2,"box":{"x":51,"y":738,"width":298,"height":8}},{"id":"c6f62ca6-dc62-4866-b5f8-505e317234c2","block_type":"box","text":"The Sum of Green","page_number":2,"box":{"x":353,"y":739,"width":108,"height":7}},{"id":"af600f29-e55f-44e1-bcf3-945ed1d66a43","block_type":"box","text":"to Fossil Fuel Based Revenue Ratio on the Portfolio level and the Sum of","page_number":2,"box":{"x":50,"y":751,"width":425,"height":7}},{"id":"9ea094aa-747e-46a7-a68c-0167f8ed75d1","block_type":"box","text":"Green to Fossil Fuel Based Revenue Ratio on the Portfolio level.","page_number":2,"box":{"x":51,"y":764,"width":373,"height":7}},{"id":"62e737dd-cb16-4268-a6d1-7fc6292566d2","block_type":"box","text":"Companies with SBTi /Approved Targets – MSCI:","page_number":2,"box":{"x":51,"y":782,"width":311,"height":9}},{"id":"d812a00a-dc3e-4b62-b0c9-9f742e540aae","block_type":"box","text":"The percentage of","page_number":2,"box":{"x":366,"y":782,"width":111,"height":9}},{"id":"5e334c14-88f0-450a-b9a9-0e58864646a4","block_type":"box","text":"the fund’s market value exposed to issuers that have carbon emissions","page_number":2,"box":{"x":50,"y":795,"width":419,"height":8}},{"id":"e1cb7aef-e529-4f32-86b6-2669ab587f63","block_type":"box","text":"reduction targets approved by the Science Based Targets initiative","page_number":2,"box":{"x":51,"y":807,"width":396,"height":9}},{"id":"c4649b63-f24e-464d-b423-3eed7ec0ac7c","block_type":"box","text":"(SBTi) on the Portfolio level.","page_number":2,"box":{"x":51,"y":820,"width":166,"height":8}},{"id":"b982b2d1-71a9-479a-a95f-03ab2a85e626","block_type":"box","text":"Low Carbon Transition Score – MSCI:","page_number":2,"box":{"x":51,"y":838,"width":237,"height":7}},{"id":"e6a70d70-0fe4-4f0f-9eb6-af8bce37601f","block_type":"box","text":"Score calculates a company’s","page_number":2,"box":{"x":292,"y":838,"width":177,"height":9}},{"id":"78d8f27a-b2cb-4ade-8406-71a863c5f098","block_type":"box","text":"climate transition risk by aggregating Scope 1, 2 and 3 emissions,","page_number":2,"box":{"x":51,"y":851,"width":382,"height":8}},{"id":"cb110c06-758a-4e6c-a017-2697a134429e","block_type":"box","text":"emissions avoided, and the quality of the company’s climate","page_number":2,"box":{"x":51,"y":864,"width":354,"height":8}},{"id":"59e1f63f-8b3b-40d6-8e88-1b744cb23135","block_type":"box","text":"management into a score between 0 (highest risk) and 10 (lowest risk).","page_number":2,"box":{"x":51,"y":876,"width":416,"height":9}},{"id":"0f8b9d38-5e1c-4b39-9fdf-ac94cef7deaf","block_type":"box","text":"Companies with higher Low Carbon Transition score are more aligned","page_number":2,"box":{"x":51,"y":889,"width":414,"height":9}},{"id":"2c589dde-b057-45ad-8b9e-3cf060b4d0fc","block_type":"box","text":"with the Low Carbon Transition compared to the companies with lower","page_number":2,"box":{"x":515,"y":95,"width":420,"height":8}},{"id":"dea8b799-0857-4b0d-af54-33c58178fb6f","block_type":"box","text":"scores. Score calculated at the Portfolio level.","page_number":2,"box":{"x":515,"y":107,"width":270,"height":7}},{"id":"9cc1c0ad-a37d-45d3-a9b7-c5f2dc4f7942","block_type":"box","text":"Carbon Footprint:","page_number":2,"box":{"x":515,"y":125,"width":114,"height":9}},{"id":"bff7b086-d43a-49a1-a73c-5a6a223881d7","block_type":"box","text":"Scope 1+2+3- (t CO2e/$M EVIC) – MSCI:","page_number":2,"box":{"x":556,"y":142,"width":256,"height":9}},{"id":"5fd97ab5-42b2-45a6-826a-3df40f547c87","block_type":"box","text":"Weighted average","page_number":2,"box":{"x":815,"y":143,"width":108,"height":8}},{"id":"a6248831-c418-4a86-90b4-d76df540dc1a","block_type":"box","text":"Scope 1, Scope 2 and Scope 3 carbon emissions intensity","page_number":2,"box":{"x":556,"y":155,"width":340,"height":9}},{"id":"4d905a8e-9a44-4798-88f9-8578d69cd6a7","block_type":"box","text":"normalized by enterprise value including cash.","page_number":2,"box":{"x":556,"y":168,"width":273,"height":9}},{"id":"94d9f139-9c63-41a1-93a1-d74540e38d18","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":186,"width":202,"height":7}},{"id":"bfa84b15-09c0-4d23-b931-a7f158018e7a","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":721,"y":186,"width":203,"height":7}},{"id":"b2180e3d-8c5e-488c-af6e-cdb754cc8c6c","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":515,"y":199,"width":425,"height":8}},{"id":"fc347d74-d967-4f27-8e20-937b4be6bd1c","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":516,"y":212,"width":418,"height":8}},{"id":"23c07ed3-0a69-48f0-a935-6b3f209b968c","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":516,"y":224,"width":425,"height":9}},{"id":"1e29a324-09a0-4484-9094-4fc324f81a8b","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":516,"y":237,"width":432,"height":9}},{"id":"364c700f-25df-43d2-a06f-24aa1f84f0d4","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":515,"y":250,"width":415,"height":9}},{"id":"18c61ce1-3b3d-4488-8037-725e86e33374","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":515,"y":263,"width":419,"height":9}},{"id":"8d629758-0362-4c9f-b09e-5eb94a763bf0","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":516,"y":276,"width":398,"height":8}},{"id":"5d9d2ce3-19de-4a94-b033-3974f9bf2b2d","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio.","page_number":2,"box":{"x":515,"y":288,"width":391,"height":9}},{"id":"f6ca6ab4-ee70-4c52-add2-6004f6dfee00","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":306,"width":47,"height":9}},{"id":"3aec4c94-18ba-4b9a-aa3b-2eb9b3323523","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":306,"width":322,"height":7}},{"id":"da187955-9711-4ea1-9af6-651ec70288ab","block_type":"box","text":"owned or controlled by the company. Data","page_number":2,"box":{"x":556,"y":319,"width":251,"height":9}},{"id":"3a9ef3ca-37d2-446c-98f9-11526b851913","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":336,"width":51,"height":9}},{"id":"48df59d1-f15c-431f-9d67-2ff68ba484fc","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":337,"width":317,"height":6}},{"id":"a1cfcb67-6af6-4c0e-b000-1f1b4f751c42","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":349,"width":388,"height":9}},{"id":"b9a19a73-dc95-49e8-b449-a5ca873de73c","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":362,"width":383,"height":7}},{"id":"aef99a13-bd81-43b3-a0e9-fc25265d7d3d","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":375,"width":391,"height":9}},{"id":"7f9cd53e-86e8-42b2-bd97-13ba700af220","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":388,"width":43,"height":7}},{"id":"28b430f3-7717-4bf3-bbe4-5c8ae33fb17b","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":405,"width":51,"height":9}},{"id":"3ee5879a-ba5f-4272-8522-5fe809f2df3f","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":405,"width":332,"height":7}},{"id":"b2288b82-4598-4613-808e-b76facaaa4f8","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":418,"width":386,"height":9}},{"id":"6193baf7-2aa1-4404-8e84-08d45808f1b5","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":431,"width":44,"height":7}},{"id":"3a41c287-70ea-4a28-a0c1-12fa9ec93006","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":515,"y":449,"width":277,"height":8}},{"id":"6592a5af-8dec-412d-97e2-f3f88f6c9444","block_type":"box","text":"Scope 1+2+3 -","page_number":2,"box":{"x":796,"y":449,"width":89,"height":8}},{"id":"8982c046-99a9-4926-a78e-fd50f048a192","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":461,"width":422,"height":9}},{"id":"f94c1b72-742f-42f1-bdad-34071b0d12aa","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":473,"width":394,"height":10}},{"id":"186d59b0-3d8c-4815-8d84-96b385dbfc57","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":487,"width":426,"height":9}},{"id":"5c0b3255-6605-4981-80ff-5832cf5e5e96","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":500,"width":112,"height":9}},{"id":"97908d2a-c73e-4bd9-8990-8359fd8f1c61","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":517,"width":428,"height":9}},{"id":"3089b255-b8be-4b82-b5da-6f81c8c8e734","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":530,"width":412,"height":9}},{"id":"c5945215-b58a-44d6-9835-8de720804589","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":543,"width":274,"height":9}},{"id":"f5412ac0-b995-4666-ad40-91e55ed4e4a3","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":543,"width":122,"height":9}},{"id":"0e31cd6e-5e4f-45c8-863a-fc9a37c78335","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":556,"width":74,"height":7}},{"id":"08a7b135-088c-4362-8952-347d37fa5118","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":556,"width":318,"height":9}},{"id":"d7b8a62f-6a61-4f15-9d1e-2d6c6a39abc4","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":569,"width":44,"height":7}},{"id":"07d648b4-e1e6-4820-a671-62d03af131b7","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":569,"width":335,"height":9}},{"id":"e6cd2f98-f0f4-48f8-a43a-d34ac7d7948d","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":582,"width":349,"height":8}},{"id":"b9b215df-a386-4fa1-8b71-5b212a73443f","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":582,"width":40,"height":7}},{"id":"771686e0-383e-413a-9892-d8bb71e412b9","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":594,"width":422,"height":9}},{"id":"bd5c1139-5dff-4058-b023-133c5605eb05","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":607,"width":337,"height":9}},{"id":"1b4c610a-7cb5-4415-aaee-281c740e4d78","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":625,"width":244,"height":8}},{"id":"9ad7ae4e-391a-49c8-94cd-5c061a1d688c","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":625,"width":125,"height":7}},{"id":"61292c1d-4cd7-485d-ad94-e65cea435bf1","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":637,"width":405,"height":9}},{"id":"193fb83c-f467-46b5-81eb-c05c9a55b596","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":650,"width":412,"height":9}},{"id":"369731a7-cf05-4f28-961d-db0456f98f67","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":663,"width":419,"height":9}},{"id":"613ba804-4adf-4b6a-8f0d-c97b3afe57b6","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":676,"width":424,"height":9}},{"id":"edd9e986-e712-4e34-ab54-5945cb229a27","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":689,"width":406,"height":9}},{"id":"ccb9eb05-c58b-4418-abba-140385f29927","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":702,"width":388,"height":8}},{"id":"95ce6dae-6213-4980-9874-9b9e032b5558","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":715,"width":433,"height":8}},{"id":"792aa97e-0418-4abb-91d2-3db446e485c7","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":727,"width":418,"height":9}},{"id":"55ad4363-ae84-418f-8a5f-c0cfe76283f1","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":740,"width":417,"height":9}},{"id":"55e10182-c5b2-4425-ae2c-e4d45016d97f","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":753,"width":412,"height":9}},{"id":"848dc844-38ae-4675-8365-ce99526f9c12","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":766,"width":411,"height":9}},{"id":"03b4faee-2d75-4176-a614-f94f2900bb93","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":779,"width":425,"height":9}},{"id":"378548c5-7d40-42dc-a4ab-dd380c84549f","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":792,"width":433,"height":8}},{"id":"a635f5ac-aa23-4b95-9a06-672a9c303da7","block_type":"box","text":"to evolve and mature.","page_number":2,"box":{"x":515,"y":805,"width":127,"height":6}},{"id":"cec62528-467a-4bc6-b3cf-2db4ce5ecd07","block_type":"box","text":"Portfolio:","page_number":2,"box":{"x":556,"y":822,"width":58,"height":7}},{"id":"7bb0f669-c6aa-4b50-8353-adc86493d74f","block_type":"box","text":"Implied Temperature Rise aggregated at the Portfolio","page_number":2,"box":{"x":618,"y":822,"width":315,"height":9}},{"id":"694acd62-285e-4007-a55f-bee3107c40e9","block_type":"box","text":"Level.","page_number":2,"box":{"x":556,"y":835,"width":34,"height":7}},{"id":"49299d35-aa82-4393-a376-3d585918dcbf","block_type":"box","text":"Climate Value at Risk- MSCI: (Climate VaR)","page_number":2,"box":{"x":515,"y":852,"width":273,"height":8}},{"id":"b5617176-0f22-486a-9347-5f018282d127","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":853,"width":144,"height":6}},{"id":"39347ba1-c0f3-4705-b408-795f15c750b4","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":865,"width":426,"height":9}},{"id":"c61f6097-c8e0-4d2c-b485-2ae37f8f6f41","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":878,"width":431,"height":9}},{"id":"542e56bb-7eb0-4b1d-badb-678ea107df16","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":891,"width":210,"height":9}},{"id":"ebae461d-e7c4-48b2-ac5c-1e42b1915150","block_type":"box","text":"click h","page_number":2,"box":{"x":729,"y":891,"width":37,"height":7}},{"id":"ce9a7e52-96d0-43ca-aa54-797391c334ab","block_type":"box","text":"ere","page_number":2,"box":{"x":767,"y":893,"width":19,"height":5}},{"id":"6896fee6-8b4a-40b7-b096-5bc7d5c01638","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":897,"width":2,"height":1}},{"id":"e13498dd-c607-46df-ac4c-52995dc0dbb9","block_type":"box","text":"Report ID: 5593045.1","page_number":2,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"132a4dcc-03fc-43ba-902c-44aa6cf49e24","block_type":"box","text":"Published: 11 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":126,"height":9}},{"id":"6c621e61-0e9f-4586-90e0-c5b9b8aa2c40","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"2e9973d8-dc42-4fe8-b378-f9c650aa2ae9","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"cc5e1818-7bd7-406e-bd3c-df271c192767","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"c8030ded-315a-4190-873f-855750b93b47","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"cb8334d2-9ab2-446b-9589-2eb715c65acc","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"705e5310-8aee-4c47-a097-680e61869b5e","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"70e1949c-b1b6-4d7d-84a2-201802058233","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"6b0aeb66-7c10-49bf-8205-51f13a94ecd1","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"65e9d45c-4ed5-4532-b09d-b4a8d9039e9a","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":"badead61-3c36-472f-bd8d-f7a2004531d0","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"0d6f44c1-cb71-4548-9f4d-652986cb5388","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"47bc5065-21f4-4237-839f-b7e71180df9a","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"5932b5e0-b843-4aa2-81cd-9bb1f3bb6def","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"63cbd7f7-74b3-4be6-b970-3bb99fbd5df6","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"3d31c9f9-3ea2-4a17-b851-2ab575cc71cc","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":"bf015292-a6af-4ec6-90ac-8ff48da816e5","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":"f345fdc7-02f5-4073-a85b-7cea8271dff8","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":"8e4b1e06-9bca-4f21-9bff-a9d31b966dbb","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":"7b24342a-435f-4b14-bcfb-fcfa2e0900f4","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":"37de4ce4-2891-40ba-bd3d-aca6567358e3","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"af05cf93-0c74-4cf4-9b98-5af0133967e7","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":"57eabcef-1e33-427e-8e91-3e54d54b0fe6","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":"a8f661c1-88e8-46b5-80d2-2c0c9f6b93a1","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":"9f8c5234-57fa-45c1-b6fe-48422b56a890","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"5c3db247-a7c6-4e5d-a238-4b4d20241b7b","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":"256d44c9-974d-4d85-ab71-e3bc464d340a","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":"dd822ab5-22c5-4a6a-a1b8-b035d26818b3","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":"12ab2514-6877-490b-8990-929558737af2","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":"14305111-f7fc-4bc5-b92d-6e36ee8eb84a","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":"d8fbbf05-5e49-49b8-b1db-47dd0953b14e","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":"2e741a47-2988-4a95-ba08-a5cbbff396dd","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":"d566adc1-25b0-4495-92da-d94d9ae99604","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":"14797bc7-e05c-4e3b-81b6-e267362b740d","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":"088bbd9b-84bf-4a36-84c9-2b87de5dbd80","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":"8a6dfa15-b851-4748-89a9-a57da52a5aaa","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":"49a24540-9817-4685-8f49-804a8f3f4fc7","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":"c78fa7d9-3f8a-4a76-8c6a-ec3fc8e07de7","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":"50897b75-22ab-4f2c-94e8-9a719bff9c85","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":"66b7912f-bd8f-4610-820a-50afba22185c","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":"98da16bb-d41a-4219-b0f8-3e945c081465","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"d05d22a9-f795-495b-9f33-87a325ce1e12","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":"7f9cfe4e-2104-4084-aadf-571be9cb2d44","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":"c4f0d47e-8e57-4e79-8be9-a5a9b39a62bf","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":"52d91481-975e-45f6-bb25-700c427a0b77","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":"f5a5edbd-af22-4c02-9436-8ba390656cea","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"987df492-7718-4640-b546-b034e391ccc2","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":"c2bd2f81-0828-4de4-986f-5e3ae8fecf0e","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":"4aaed60d-215f-4c71-9889-9dab68328986","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":"c38d2dcc-ac2f-4c15-be3d-a9beaedf8d0f","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":"b0ec2729-88c3-449b-8c92-5c4d6d8f3574","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":"3694e887-363d-44fc-8dd3-d42e1ce25aa3","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":"e63e4a6b-b20b-4900-b1ff-7fde3980c3bf","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"9ebd77e8-afdb-48a8-88c3-c84e8fbee712","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":"7b0da058-41ad-4b89-95f7-a787dc9ad2cf","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":"dc8c02ad-cf51-4a56-99ca-870a4c01f2c2","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"fe66c378-5526-4027-9485-327aa8a01f0e","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":"4e0a74d0-04d6-42eb-b39e-f7c4ee1a680e","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":"8544d044-6bd9-4e26-a932-8cdee4df985e","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":"412e9872-c6aa-48e1-a691-ad10797bf886","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":"2e9a921d-a637-49e0-b770-834bac1262f8","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":"5b366730-1ee5-4fca-ba24-daed23661cef","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":"c7622982-34e5-45c0-83d6-9a21fc06f833","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":"12296adb-7a0a-430e-af6c-d99496fc26ef","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":"92bc9334-6000-4d91-acf8-f1a4f7df8681","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":"0b17a071-e5dc-4050-a8b0-aad57b27eb0b","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":"e786d95a-c4f0-44ce-89fc-3da3fe3d95cb","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":"9d076889-1959-442c-be88-775ba9a11b23","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":"0589ee9d-465b-4ac8-acfc-fbb791b2e4e3","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":"8828c3a9-9fe0-48e0-af52-c22083dff42b","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":"6c5ce086-f969-4689-b0ba-91fc740ee3ef","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":"53f486a3-e392-43fe-8402-7d866714e136","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"8383e020-be11-4715-9637-a89f71960dd5","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":"779f95de-7bdf-4eec-9fa5-038215a4be8c","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":"e89a9887-af80-4e04-a181-77f3123852c3","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":"628708e8-b820-4a76-9298-035b03028525","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":"600730f2-50cf-4f08-98f1-7b51ae72dded","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"a8db2543-8be5-4cdc-9e2b-dbd1ec3b1c22","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"3993eb93-a34c-4828-85f2-114dfac72400","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":"8a407c19-f34c-40a3-b0b3-8d9b378240db","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"394201fb-2b4a-445f-a4e0-352bd2bca01b","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":"38cc7a75-7b91-4e93-9030-63034fb9febf","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":"f6e24b82-da57-456d-ad27-f4a48694cf83","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"cae728e1-c18c-472c-b641-b86611c5d906","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":"3f93e164-a022-45b3-ad75-47f1215bcab2","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":"23674dd4-e78a-4ebf-8ec7-b778671bb7a9","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":"2dea9337-6b4f-40c1-8275-4e5e213e8a75","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":"b3797601-4002-4ef6-943a-a8eded8bf7df","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":"c7f11b39-afa9-4321-80b0-4259fbbe0ae9","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors","page_number":3,"box":{"x":515,"y":255,"width":379,"height":9}},{"id":"b8f0679d-ac1d-49c8-a7a7-455f17823ddc","block_type":"box","text":"are encouraged to review the fund’s prospectus and KIID for more","page_number":3,"box":{"x":516,"y":268,"width":389,"height":9}},{"id":"eec65a9e-86f9-436f-a655-fdbaf13fbc93","block_type":"box","text":"information regarding the fund and where applicable, the fund’s SFDR","page_number":3,"box":{"x":516,"y":281,"width":411,"height":9}},{"id":"8e35642e-356e-4c93-bfd1-5bd4d9e40b6f","block_type":"box","text":"category.","page_number":3,"box":{"x":516,"y":295,"width":54,"height":8}},{"id":"70c9c67b-30f5-4727-8bac-e4c61309bfb4","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":"6cf1bb11-0f02-4c30-b317-b161dae5aec1","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":"1d0b80f8-3c4a-40a0-aac4-916b9f28c991","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":"31a73faf-1af0-4314-927e-76913afd6c2e","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":"46230472-2f97-4706-b814-a7db0f9b3f5d","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"7196420b-6e1e-44d5-94c6-3343122d9ccb","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":"d4ef0bb2-a93a-44be-87c2-858207f7da86","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":"bf12d406-4ae3-4c31-ad59-9fe1c7c79830","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":"ceec8b31-f73a-461f-93f4-9f7ca8b58b4e","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":"f287787e-2058-454c-8b15-7a2adc8f0baf","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":"45e45332-644c-40e7-8fc6-483db03ad2c6","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"33bc7c06-6f74-4fd1-8bbd-e4e8af6aaef3","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":"b248152e-31c9-41a9-b366-0f7265a74828","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":"a4dd20dd-6134-499e-b8fa-5962b52f7640","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":"81ca28b4-a706-4ced-b456-2a3139357ac6","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":"c077f38b-4438-4db7-a27c-72aa18cffa43","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":"ceec8875-3a37-4de6-8988-a98212871645","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":"8837b707-dc3f-47f9-b7d6-f6608c51a731","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":"c68daf9a-abf5-4537-b3ef-bf3adcf6516c","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":"bbadd583-4657-4e40-9741-35a83e96e968","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":"d360b750-87ad-49c9-865b-4a745f12e0c0","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":"d41dc37f-b729-4ad9-940e-bfefb5ca8dc9","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":"9a4bc581-462c-41d6-8a6c-4adcbd8cdd84","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":"236685fd-95ed-4b28-bcf9-0c9b3a5cd29d","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":"68922c49-9192-4b45-aa4f-43556cdc5140","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":"251b0ed4-9511-4b30-986c-0658a200e3b7","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":"a7ccb8f0-4310-4d91-a313-ad3626eb1fbd","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":"e08fedab-37d9-43ad-b0bd-1723d65a12d7","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":"f69413bc-54fb-4d1f-82ff-980c1fb32bf3","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":"7942f760-0e20-497a-a927-f965097cb568","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":"062d6a29-8d5a-45d4-b88e-c0fd11ac2e5e","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":"378f36f8-3787-47af-9912-0931f7847159","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":"03307f2c-8634-4fc0-b3c2-15a44eee8a8b","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":"90a4719d-aecf-4f68-ae9b-c0c0ccb4c9d3","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":"1d708f41-5e73-4c7b-abe0-1591ed997ba2","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":"1d3f826c-91ad-417c-8101-db75b17781da","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":"beeaafff-c472-4066-be89-2c0c6b243933","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":"427073dd-c1ef-4bc9-b63c-acc8b6bbe926","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"7f0f8f65-3472-4111-8ea8-7c733e99a0c9","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":"d90e9269-3904-4aa1-af85-44ac224cceaa","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":"cb5c6d95-72ed-4623-8687-b24af8b832c4","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":"bea3de91-9cca-45fb-b8f3-a513f23b8806","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":"946df15f-f8cb-4929-8536-eac29f279f75","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":"6e951285-bb1b-4075-b694-fc1a5d07c778","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"551b5419-d415-467b-a29b-eb04182145ab","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":"ae02df69-7861-4898-a6c7-e905785b7ec3","block_type":"box","text":"Report ID: 5593045.1","page_number":3,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"3e482fe4-a9f8-44d7-acb7-0c42926ee434","block_type":"box","text":"Published: 11 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":126,"height":9}},{"id":"3658924f-c52e-4092-923a-b0fe1aa9d1b3","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"9ab17c84-925a-47a1-9c67-cea3487c536e","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"c7338be3-dd7c-445c-8c52-1928f960052a","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"c08699c2-c8e1-4079-bef3-2336d4bef3ce","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"61e6afa1-7205-4709-942b-6001f4f681dd","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"68217c17-5a46-4182-a9a6-278495e7d173","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"01ef616d-db57-40fe-a680-919b805b9d10","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"1563505f-5e89-483e-ae2e-13c8d6e5b71d","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":50,"y":35,"width":404,"height":9}},{"id":"4b5234a9-4490-494f-ada6-9e34f2b2d9a6","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":51,"y":48,"width":119,"height":8}},{"id":"53d88aba-10f8-4b68-ba6f-5020f655a494","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":65,"width":433,"height":9}},{"id":"22f1ac4e-504a-4987-87c9-d1602f4182b8","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":78,"width":418,"height":9}},{"id":"ba551f04-862c-4b5d-96c6-68c979ab53d8","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":91,"width":398,"height":9}},{"id":"749da748-599a-47d7-9c55-d1629029b6f5","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":104,"width":413,"height":9}},{"id":"37e09941-32cb-4e8c-94a1-a44c58a1b4e7","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":117,"width":292,"height":7}},{"id":"64b51831-bcc6-4268-a70d-d655f2460e04","block_type":"box","text":"www.ssg","page_number":4,"box":{"x":346,"y":119,"width":51,"height":6}},{"id":"acbed662-699f-4f5d-a342-72f7241f9aed","block_type":"box","text":"a.com","page_number":4,"box":{"x":397,"y":119,"width":36,"height":5}},{"id":"3a1563b7-7e3f-4ab9-ad7c-9f4a576e66fb","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":134,"width":387,"height":7}},{"id":"f90c4934-3b28-45a3-bbc4-966157f58ce4","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":147,"width":47,"height":8}},{"id":"a5638caa-7276-4ade-8531-fdd2bb0c5306","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":165,"width":385,"height":8}},{"id":"b5af4809-a873-43b4-bc00-8661ba8e2c4c","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":177,"width":403,"height":9}},{"id":"4c4df254-3781-4113-b8cc-731f41970d14","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":190,"width":401,"height":9}},{"id":"88dc92c2-2e03-400b-b329-2a0a897915ad","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":203,"width":412,"height":9}},{"id":"ce790df6-941d-4b19-a5dc-3f0fc658f6f4","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":216,"width":221,"height":9}},{"id":"674b0434-9c6f-4b85-b8b2-db38f294da06","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":234,"width":413,"height":8}},{"id":"e3330395-1f15-4c77-b663-fd5d4dd2ca3d","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":247,"width":415,"height":8}},{"id":"8f9bb861-6ea3-41d7-857e-2a9d2c727402","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":259,"width":427,"height":9}},{"id":"dd57a0e5-06bd-4892-893e-a8c76303769d","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":272,"width":394,"height":9}},{"id":"38ceb5ae-ff49-4359-bfcc-097cd716168e","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":285,"width":426,"height":9}},{"id":"d3e4c5ae-9585-47c3-b0f9-1f2b7e850801","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":298,"width":369,"height":7}},{"id":"b6b13df6-66a8-48bf-8b98-f1d7656377a8","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":311,"width":408,"height":8}},{"id":"5cb15843-28b9-4737-942e-bff249edee7d","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":323,"width":413,"height":9}},{"id":"ace60321-efce-49f4-a313-1859a7aebd5f","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":336,"width":426,"height":9}},{"id":"6cc0f83e-a696-492b-a36a-ec1b9755adba","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":349,"width":277,"height":7}},{"id":"e719bc38-d7de-45d2-aaf3-0d2a92805550","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":367,"width":410,"height":8}},{"id":"5dec3e76-5feb-4136-b140-170104bc13d6","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":380,"width":415,"height":8}},{"id":"0dbc7c0c-c631-4391-b8d8-20303bee0b48","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":515,"y":35,"width":414,"height":9}},{"id":"e662d871-9e60-4d89-a702-06ddc855deb0","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":515,"y":48,"width":411,"height":8}},{"id":"28372e53-044e-475c-aace-54e980b61d82","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":515,"y":60,"width":421,"height":9}},{"id":"92874a28-2f2b-4869-9b32-62203c3d2818","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":73,"width":238,"height":7}},{"id":"9f3def5c-f4d1-42b1-b7d0-9683b4608cd1","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":91,"width":408,"height":7}},{"id":"fce73354-c8e6-4ec1-9c6e-e313817e90ba","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":104,"width":413,"height":9}},{"id":"1dee3664-d736-48e4-b6fe-41a9d5ebeaa3","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":117,"width":397,"height":8}},{"id":"03cfb267-ee48-4223-a69a-42672e037105","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":129,"width":391,"height":9}},{"id":"27fd2b11-22b8-4d55-86b9-04fcc8fd2ff3","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":142,"width":428,"height":9}},{"id":"d61c8127-24df-4d5b-b5bd-7d0a8943e795","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":155,"width":420,"height":9}},{"id":"a32e669b-2ad9-496c-b8fc-fb64ef385108","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":168,"width":360,"height":9}},{"id":"be022401-c816-4bab-8600-f045705efa8b","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":181,"width":374,"height":8}},{"id":"ab203313-4341-431c-8c95-cdc37c447e6d","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":198,"width":419,"height":9}},{"id":"06998adf-6b03-4a38-83ef-7e1fdc929070","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":211,"width":404,"height":9}},{"id":"61df45c8-f541-4cad-b482-6e841f74c2d0","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":224,"width":401,"height":9}},{"id":"be5d9e63-1e84-41a9-beaa-e1a3f56e1359","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":237,"width":392,"height":9}},{"id":"5fb9a225-aabe-4fa9-baf6-244942bab6b7","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":250,"width":103,"height":7}},{"id":"c67db2fb-adc7-4b30-a609-e87a6dff2385","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":267,"width":417,"height":9}},{"id":"e7a1eb9a-4d94-4330-b7c6-2b8a4bd6a0a6","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":280,"width":393,"height":9}},{"id":"608e655f-1ee0-40a8-b24d-d7310a6886b7","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":293,"width":411,"height":9}},{"id":"59629e76-55d8-4b92-9b59-e64ea545f363","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":306,"width":266,"height":8}},{"id":"5e6c8ce1-cac6-48f2-b2f3-7b65d4284f7e","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":331,"width":326,"height":9}},{"id":"75150baf-a051-42d3-ac7f-9f4b4a6d67a0","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":344,"width":236,"height":9}},{"id":"1a033907-38ff-4490-aa9c-973abff6f37c","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":357,"width":169,"height":9}},{"id":"d6e83335-2e66-4f31-8e10-c9d4a2b002e4","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":370,"width":259,"height":7}},{"id":"d54926a8-4965-46df-b877-d241015244ec","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":370,"width":23,"height":7}},{"id":"77195b92-4e54-4904-9585-a4aa76b7e053","block_type":"box","text":"Report ID: 5593045.1","page_number":4,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"8104f303-97ce-4344-909a-f90e5a34bd21","block_type":"box","text":"Published: 11 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":126,"height":9}},{"id":"4a06e89c-c903-4497-8795-95322248d7a0","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"d0603e5a-95b8-4b73-952b-a3453147b526","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"2ea52338-ed9f-4f25-afc0-8d6555a07075","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"afe6fd24-b745-4bf1-bec5-3b2e2bbce12e","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"11c04318-427c-42d8-a12d-4d80bd0e5285","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"6c0a284c-3b95-410a-91aa-0bd723d72713","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"79041aeb-b14d-448d-9ecc-6d329de6e23b","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":"e36f5268-ac13-4398-8fc6-403450074156"},"user_id":1000002,"date_created":"2026-10-05T21:02:24.969000Z","date_modified":"2026-10-05T21:02:24.969000Z","private":false}