{"annotation_id":"9257dbb6-1640-49c9-a451-840332853447","file_hash":"9b4d52fe465f41050fa804587cae14b72980c1c6e136d29e96d71eb7b9b8f66f","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"c7f6de42-18cd-4939-a00b-43e0a16030f0","block_type":"box","text":"State Street Global Screened","page_number":1,"box":{"x":51,"y":71,"width":507,"height":18}},{"id":"2775af0a-0907-402c-9649-fb9b669aa252","block_type":"box","text":"Managed Volatility Equity Fund - I","page_number":1,"box":{"x":52,"y":105,"width":570,"height":23}},{"id":"c120700a-66eb-4363-821b-a6febcfa6b3c","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"9ceb5e36-f85f-4def-ac57-9dbe448b70ee","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"1f7899c1-0d79-4212-8554-2d6f00e338d4","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"9fa7dc91-515d-4c56-a964-30361cbddd8a","block_type":"box","text":"LU0450104814","page_number":1,"box":{"x":754,"y":107,"width":82,"height":6}},{"id":"dd7637de-55f0-4aee-9d64-e2f8c45c880c","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"c7940385-cccf-4f05-af23-58ecab76f26f","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"8fdbd66c-effe-4527-80e3-674b47f1642f","block_type":"box","text":"Source: State Street Investment Management, MSCI,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":221,"width":844,"height":7}},{"id":"79d17677-efee-45ac-a065-fb9e69224615","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":"eda75f96-ca1c-45c0-867d-7c88cceb49a7","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":"6b2b1f57-cbd2-46ed-8826-73aabf3b783e","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"87cff4be-60e0-4967-9f2e-32b810badec3","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"092f197c-6227-4d4e-87fb-2d4377597487","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"fcde3a70-2fcd-4a74-bdf6-e8a6c6fcec2c","block_type":"box","text":"3.77%","page_number":1,"box":{"x":104,"y":315,"width":51,"height":8}},{"id":"be5b1ca6-5069-4b35-83d6-c32fef93ed00","block_type":"box","text":"11.55%","page_number":1,"box":{"x":339,"y":315,"width":60,"height":8}},{"id":"8a8bed40-e588-4209-85c3-1024388a920b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"7f740166-12f8-430b-8ea3-2867fa79c3f6","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"84ed3881-c41a-4935-af8b-5ef00317ad0d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"6d5e0a5c-1a23-4ad1-8c82-5e68b832b4d2","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"1bc0f7de-72f6-42cd-96ac-bf37a3f2fa8d","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"acbc65d4-1dee-4dd7-be11-615345e7d6d1","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"efe690d4-83e6-47eb-ae72-d88a52594b56","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"5696d8f7-cd69-4f98-ad9a-1d1c095f63d7","block_type":"box","text":"2.51","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"9f48f6b6-8e76-4005-858c-8fa688dcec9d","block_type":"box","text":"0.31","page_number":1,"box":{"x":338,"y":425,"width":40,"height":8}},{"id":"4e448009-fa40-4707-9247-6e4b2b3dd1a0","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"b318e65f-13de-4d78-a105-4e548d073295","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"2255df9a-6659-4e3d-8ba4-3e2fe8422d75","block_type":"box","text":"99.91%","page_number":1,"box":{"x":182,"y":456,"width":46,"height":5}},{"id":"597fa510-55a4-4700-abe3-9e4813f2a2d2","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"f9c6f7dd-e6bb-429c-a78d-84a56504e70e","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"a1fc8302-9be7-493e-ae5a-f2591874d9bc","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"8e740fa4-5099-4b82-83e9-9859f272ccb0","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"d58f1e4d-0660-4cda-9601-2f6e074a3edd","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"719017d5-84fd-4fca-9871-992855d9051a","block_type":"box","text":"36.63","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"c7f03ff4-ddfb-47cb-bfe7-e2783e832bc1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"e4bea937-184e-4015-9968-91fb5c0fff31","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"b9e6b34f-3079-4b04-8289-493af1602bb0","block_type":"box","text":"7.16","page_number":1,"box":{"x":330,"y":547,"width":29,"height":5}},{"id":"b1fc5252-b9b1-40a3-a49b-ff9fde9c1ffd","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"b5d1d320-cfa6-4695-9610-d70c43984856","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"9c28936f-e1db-44a7-b861-b52e2e57fa9a","block_type":"box","text":"286.60","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"073daea6-bf06-442c-8e87-40eeab456cc1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"634e82ff-cdff-4c1a-a3b8-02d0c3074cbe","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"b2c5ab86-3e43-4364-a4e5-ba092f9f77bc","block_type":"box","text":"43.79","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"8c66cb43-02b7-4213-bc6a-0983395e41ed","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"03470fcd-5cf6-40b5-a780-e87b7ad40b08","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"5bd00b47-e0f5-4a4d-9d10-daf0211cb70e","block_type":"box","text":"339.20","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"e055f2bb-4687-4c8b-b325-e994524cf051","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"7e852a3a-c80c-44ec-b543-75739699e56f","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"c30545e4-f66f-46d7-b97d-0fc8bec5cbc5","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"4f6ec91c-5584-48a6-9d23-1b80f6644cf8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"0a652839-96a4-4bdd-94b9-e5fea3d98779","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"34981f66-38bd-4e0e-8369-3a41570b2f45","block_type":"box","text":"15,543.23","page_number":1,"box":{"x":773,"y":330,"width":67,"height":7}},{"id":"a06e8b79-e982-44ee-9ae1-b29330e5598b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"6ddb3550-6a6a-465c-859b-42e86524a92e","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"315a3fd2-981c-447b-883d-107b91a6c78c","block_type":"box","text":"3,038.71","page_number":1,"box":{"x":780,"y":347,"width":61,"height":7}},{"id":"b2d9014b-0693-4854-b5d4-5bd2099da2e5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"2a78cf68-ee49-4768-9738-e08d466e41fc","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"53f6d09f-4922-4ba1-8a99-df73f666a57b","block_type":"box","text":"121,609.54","page_number":1,"box":{"x":765,"y":363,"width":76,"height":8}},{"id":"74c1533a-de2c-4b94-9ea0-75b10bbdccea","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"dfc69ed7-f314-4828-b4b1-49aa6740f53f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"502ed7f3-f047-4630-ab9b-88090e0036c7","block_type":"box","text":"18,582.15","page_number":1,"box":{"x":773,"y":380,"width":67,"height":7}},{"id":"85ac46da-1c03-4cc5-9236-49ef2e77561d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"b3b25a37-b650-423c-a1de-a80603c2d1eb","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"ebf20a43-aac6-4830-89b7-ec8d290cd0d7","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"375c945c-00b5-4a56-b245-21e42a4624cc","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"814b47c2-2815-4317-a089-6f6ec0f33b9f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"8aaedf0d-7e18-4181-bcd7-f4d1bcf8f414","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"4479849b-2c82-4467-a089-6eea9a240e74","block_type":"box","text":"172.80","page_number":1,"box":{"x":796,"y":461,"width":45,"height":6}},{"id":"06ce7238-db20-4e55-80c4-7ebed04fd8b9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"673e5bf4-6669-4824-891d-70f1875582dc","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"9d005242-38c2-4de2-b81e-851c6299a550","block_type":"box","text":"25.11","page_number":1,"box":{"x":803,"y":478,"width":38,"height":6}},{"id":"57d5826f-c696-43a1-9e94-3a2d72bf5a1c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"ba7d55a7-b044-4ae7-b5fa-a608d1f55685","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"14c86af2-8cce-4b6a-8d89-1e6343c7f17f","block_type":"box","text":"599.56","page_number":1,"box":{"x":795,"y":495,"width":46,"height":5}},{"id":"fe1b9e2c-5c17-4629-983b-c5466d003ead","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"79bc5f07-7fd2-4108-9a2f-82f3acddc2da","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"0b646665-c280-4bb8-b08e-1a2ca3d9c9c2","block_type":"box","text":"197.85","page_number":1,"box":{"x":796,"y":511,"width":44,"height":6}},{"id":"5f21bac9-bd45-4379-8af3-4565c8be0a36","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"4b3179f2-2bb3-47bd-aae6-fb8af37be4dd","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"d3273c51-05fb-445d-bb87-2e133c471771","block_type":"box","text":"805.29","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"a7cd25ae-94e1-4359-bd05-c2e0cb61577e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"93783362-9f6b-4eee-9c4f-4b25c41efec6","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"65c44a9d-fb9a-4a10-8185-15c83b25a27c","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"024bd30c-c572-4b53-85d7-6b03183c6270","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"ec8ea938-fdde-4535-87b4-2e3afd979ac8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"9dba750a-d201-4db3-9ba8-1aa36a763161","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"36abb3f1-ff2a-4f85-864d-1e3b046ef5d1","block_type":"box","text":"-15.97%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"13273fa4-2be7-4156-a305-6979724c3b9e","block_type":"box","text":"99.91%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"c6e774f3-a7be-4041-9664-7c403a26c668","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"70db0007-1238-4174-b99d-193a9ea98f0b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"58e39010-89fc-4397-bd0a-ed04311da1f9","block_type":"box","text":"0.88%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"870972de-322f-41a5-968a-51efc455b75b","block_type":"box","text":"92.21%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"ed05efd9-93c4-46ea-917b-4a79c64673e7","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"450ad43d-f2cb-46fa-ab52-031cf75ae724","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"0c26496d-49cd-4588-bbac-d8e13c07a035","block_type":"box","text":"-0.69%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"75d7cd82-1a47-419f-bab3-a1491cfc294f","block_type":"box","text":"99.74%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"d1045732-5129-468f-89f6-2439d5b6d3c2","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"0845c3ad-20d3-48d4-b28d-af6e213615e1","block_type":"box","text":"-2.67%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"1b493248-65d1-4756-b5ea-a743cd362368","block_type":"box","text":"99.74%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"804dbcbf-101d-492b-a496-1f451b701e30","block_type":"box","text":"Report ID: 5592746.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"8f76ba32-fc19-44e3-aac3-b7a132e11f14","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"022c11d3-951b-4072-a637-2db5ac1a2f66","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"938be0e7-3a54-46b6-9071-4933c36786c6","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"5feab2e9-05c3-4a9c-83d1-34639004b28f","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"303c3949-c6e9-4c24-afce-1fc8f55f4333","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"2a2cd3a8-3fa4-4ebf-9d32-3c2d79fce3a3","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"81f78d28-50dd-46dc-8bb6-5b460a805551","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"8d893adc-6943-49f9-8e9b-b1da75c1ccc7","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"4b3270bd-8ef4-4261-a1c1-28d1753a033d","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"bd48d910-ff41-4ffa-bcea-23984f6a52b5","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":"97a2996f-7db1-439a-a1c9-b9a83e51cd90","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":"f3284fd6-e454-443a-851b-e32e1d70177b","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"4af76503-0719-4e29-a0bd-f20db4a1f2a2","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"f210e5d6-8ac6-41d9-b395-c4fa9ecb855a","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"577880c2-47cc-4e28-87dd-01b315839a53","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"b7aea198-1651-49c1-921b-38d81c17da31","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":"f102c6a6-e95d-4bf8-9062-8fbd6fba422a","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"200b9efd-b051-42df-9635-563c9583512c","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"fb5fd2f2-b13b-4586-8757-b1b8d4b3be52","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"57501e4f-bccf-4d9e-8f6c-84334afea82e","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"4c858ed5-6cdc-4dae-a067-6bcf566a8edf","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"91fac8b4-3d3f-402f-b236-74d75eb19b91","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":"27246faf-6a2e-4497-85a8-4d4dc329558f","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":"17183873-ed95-4abe-9e15-e7d8664ae845","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":"5ff32f0b-ed5f-4d97-8477-97bf075343fe","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":"dcd2f4a1-6fd7-4a0f-ad17-b6315414b5ef","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":"5d182392-f5d6-4dc9-81d4-441f74e0855c","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":"80b196ac-b0f6-4d7b-9899-ee67556b939a","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"2e5f41d6-946c-4a5b-90d9-11f39e21c4f1","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"d5dbd174-3ad3-4dda-b55d-4d1ce1893edf","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"8b746d08-01d5-4b17-91ab-7547ede6edde","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":"094649c3-c342-489e-9b3f-ce35f6a59d8d","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"3e03b370-28d0-4d29-9301-26d4d98e2375","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"1ab82b91-949e-4313-af1a-ee4346f91575","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":"05f04dca-89b8-4e0b-8e94-dc2f33c8cb01","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":"ea09f82c-90bc-441e-a77d-7a8bb172f3a0","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":"7618e7b2-d906-49bb-81dc-379ea46b3caf","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":"07ba93b3-93c5-43cb-931b-3289a6561ea7","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":"a2f69c63-65fa-474b-b5fc-96a09cb7a1b3","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"4eec37cd-b8b5-43aa-865e-82de994b4a14","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"639231ed-206b-451e-8339-b4ebfe065808","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"7c218833-cfe3-4b44-9532-e415dfe07c0d","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":"0c6088a0-1ae1-4d15-97a5-f4f3114ceaa8","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"4df056bb-a335-4bb6-925f-050f28ec3a05","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"a7f966a3-6418-441d-a829-d2e89acfd2c1","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":"1f8392a6-e613-4092-a8a4-03e9533b3caf","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"373d97c0-d7e9-42c5-844c-18ff79bfc890","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"d581c9ba-2fbd-47dd-bdcc-d4e60549862c","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"01b7ee3c-b923-4fc2-9181-5da85a431c12","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"45fa0e41-19b4-49a0-af21-d1781b5f2e6e","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":"a7ef278f-0797-4e89-9b91-3b2520ad599b","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"be9ed2d9-4f5d-490a-9d24-aa3585efd43c","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"fb82060e-cc9a-43d0-9f9d-de195c4195f9","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"cd7de78d-7c1f-44f1-9e25-6ce9118ff5a2","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":"0643b39a-fb9b-41a7-b286-09bc1ceb4342","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":"14615987-2b4c-4b64-9256-c69e5d625561","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":"6e7c9f9f-d943-48c8-8ea9-61a9da0e652c","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":"4d4ae317-1684-4862-a23d-9d4b68a011e9","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":"4fcde718-528f-42f2-b4fe-8ef07cffae7b","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":"f5e71916-b502-42e8-9eed-ffcdf8d027cd","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":"a108effe-4e48-4e23-b655-300f841a33f2","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":"57635d06-a894-4bc8-a991-8eab37771522","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"ff44c1d4-89c3-47d1-8bab-23ca3efd83b8","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":"872902fc-abcf-407b-9dfe-d83980e08528","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"85b2bb1b-1d8d-45d3-ad2f-cd02a460f55a","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"29fa5196-9a09-4c8f-b3d6-c82730fb24c5","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":"427ba768-0fa0-4663-950f-ae7ce4eaf77b","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":"71964ea9-de27-4162-a5a0-a8808734c884","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":"a107855e-0bec-4df6-80e1-7993c43f85c9","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":"c9a463e7-1c95-41d4-a146-d98779eb6c93","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"f10b92f6-6134-4c89-9c0d-c9e7fb225307","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"c141e31f-d52f-42f3-8b38-2c88bdc570c0","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":"7e65f7db-f51e-4f5d-8dee-4bdbfb0d6da8","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":"33d75d21-1118-45a8-94f7-5b4bfa3c943e","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"ccc227ea-c9fd-433b-b431-a267b8a16090","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":"91f45b3c-f191-4e18-932a-4cc50cc31981","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":"13eaaf3d-2bf1-4ef5-9ae7-0cef256e517e","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":"02cf12e5-abc4-481a-846d-8193b75dfd5c","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":"6c3f2464-4ec4-4e75-a1c5-0b77ca20bf9f","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"43182aae-5196-4ce1-97f6-d08cdd8ba654","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":"0184164c-bf86-413f-af09-1808fee48348","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":"c158d824-4b45-42b8-ae38-051f6ab8776c","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":"f1010ab9-8672-405e-816f-fd475091d626","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"519bb5ec-73d7-4384-b1dd-3ea85ad0108a","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"efc8839f-fc05-4726-9f7b-74eb7d7f1881","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":"03c92070-1804-4de9-b7c0-ff4028d58621","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"539084c0-4390-4b4c-b35a-79e3714c27a8","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":"54d5293c-ffa8-4e95-96bc-675acc123db6","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":"25d43eb4-d6dd-4cdb-aae9-0d0a2929b044","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"eef61f41-a7bd-4b6d-88ce-d461da036ce7","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":"45207734-f10e-41a0-a412-c1c43c85751e","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":"8f36e7e3-ca02-4db0-be9a-3d24b98af8f1","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"49090dc0-291c-4d5d-9d32-57266577943e","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"3bf83663-9aab-48af-bd1c-ab2452c00c94","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":"a27ca8dc-0264-4ecc-a8b8-0b56fc0fcfa6","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":"32f52e7f-2320-4766-b31f-ada1beb176a8","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":"bf4865c8-03c3-48cd-adbe-f71dea2a21f9","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":"cd6b71a3-521a-433c-8462-cdaf54f64057","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":"b556da85-b375-47c4-b0ba-2d0b97e8da92","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":"02b4281b-73e0-4fff-b1f3-304afe3bca53","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":"51286aaa-b20f-4cd4-82dc-12193464e8cb","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":"f022b10b-f1e1-42bc-8b08-10d7b8abdeaf","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":"0b5019d0-8175-4a3a-8d99-ea43df29fc56","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":"f648b5e6-5e0b-4cde-b8f4-d625849d0941","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":"d2f06282-2ed6-4150-a987-d9084ffcd3ff","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":"e9ccf964-6e8d-462f-8b9a-7a1e543a2f7f","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":"c6b6200b-784a-4f15-b5a2-8c7ac012bfa4","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"c750fa3e-c911-4a77-9da2-46913523149e","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"8813b2df-63fd-4d4b-96ec-2efb1a3f4e75","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"97ed2f3b-1399-461d-ac33-24f0936fa0b5","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"8c44f60a-284a-4a18-b2db-b3377631ae60","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":"133cf0b6-b372-41aa-8427-e7058ba60af6","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":"da46faf6-c914-4ddb-908f-2cbc7a1fe711","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"57824346-14a2-44ce-a804-306a716aef1e","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"828d0404-215b-4c5b-83d0-b3580e027913","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"c0f5bd75-1816-442f-ada4-402529f6b931","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"24cf2b2c-e584-4da7-a1b7-38d209d7666d","block_type":"box","text":"Report ID: 5592746.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"f94c321a-da36-4fb1-8de2-782408664a11","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"a4cf00ae-88e4-4391-9ee5-102b2f9c2226","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"6d693299-0b0c-4889-ae6f-5bcb9dede853","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"8062a1c0-ac5e-4de8-8c36-6df902901a70","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"78a6fcaa-97b2-4bdb-9fc2-74551f692788","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"4d0aad87-4aec-4f63-938e-44f0dbdfe0b7","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"9de98a57-178b-48d3-9b3d-874621420817","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"b8f47ac5-b1e5-4ff7-9c0d-10a79386aeff","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"1692ea39-39b1-4ab0-abd8-9d85ee1723ea","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"730616cc-2720-44f7-9f39-4f02437ffbc3","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":"8da79686-a688-4f2f-be1e-59eae1539ffe","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"0a6d7f16-43a7-4381-a042-de8a52e7d99a","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"11dc117b-e643-45c6-a2f8-ed5afe9c9618","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"9d8ad532-7dce-4c5d-98ca-a5f1c50e483c","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"bbcaf43b-8a83-4c26-82f1-1f9d6b17e3f5","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"b7461933-7be8-4636-b820-70b0155ab183","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":"e6c82522-a532-40c2-9a05-b3317a88d297","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":"81f7d64d-a0a4-4411-a6b2-339110385359","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":"f6cd1736-4507-47db-a52b-93bfa72893e1","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":"16279f30-6847-4700-bdbb-e8b50ba4e107","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":"fee02631-fb71-433a-9904-10d7dfd1f535","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"d94302e1-d12d-4507-a07c-8e316c50200b","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":"70e64c6b-0fb4-413f-a674-305452ad9d33","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":"491ac8be-788f-4d17-abcc-14753022e6db","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":"bac767b4-e59f-4d5c-a6b7-f861149c50d4","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"764ecbc6-b9a3-4b75-9b0e-16f66374d428","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":"35969a94-addb-44ea-9b42-bd86a20316e4","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":"268731e1-6522-4694-ad6f-7347c6f04235","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":"674b93bb-002c-444a-9146-7b6976dfc0ec","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":"2d17aa34-cefd-44bc-9755-a194eb240542","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":"a598432f-cf20-4e75-ba6f-65cb1eb6a7d2","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":"d49563bd-2919-4f8f-bb98-bbce1ff0a4c1","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":"388991d4-546c-47d3-bf41-ac8120428809","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":"6417d3d7-1191-4c08-b169-0116893ec587","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":"3f6c9122-83bb-402a-8539-78bf7597aea0","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":"29151f34-f105-4966-9507-27bb0987021e","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":"3773c08c-d24b-4f77-b90b-2b017b33e0c8","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":"f4108612-2a7f-430e-a435-dbda902d7c3a","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":"96b7f7ea-8d08-49ea-8a54-4dd4f64b77fd","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":"8b6ed2a7-9e95-4fe7-a037-458c3d604d8d","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":"40b9c758-245d-4e6c-af94-8ff529a3a08e","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"d3437742-2615-4ee6-9e7f-3d48dc38bd41","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":"dae43e18-ec82-4acb-ac77-8c3594d82067","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":"fe2a2c1b-6f93-444a-be46-3eb485a42643","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":"18f279f5-8af1-4054-bd26-d49661e6e1c7","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":"cda2c028-aa4d-42c0-9dfe-36cad23660d7","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"121f5bf9-c85c-4813-8158-40b26f11fb7d","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":"f812c0f6-1dbf-445f-b5b3-f7ba9989cb3b","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":"921102c6-8ea9-478e-981b-0dc3a4d29f4c","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":"117350a9-6d98-4741-ba2f-4267124df029","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":"2f75a28a-b790-44a3-8f86-7588d54e93b9","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":"cc558a0c-eddd-4691-b336-417c42e18adb","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":"b9af5914-f3eb-4320-ad5a-f686a3d7808a","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"fea99bdf-6140-467a-9bfe-b1d18d23186b","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":"ef63c511-5844-42a3-b088-e25218156720","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":"9ffe4249-788d-479b-b51c-09945ae22cdf","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"ae3d6175-64f1-4470-a8e8-a48c080438d4","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":"dc8580ee-ad16-4003-90c3-3a9df9982eff","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":"d85d5977-61d8-4fe7-af19-677f8ff63cc5","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":"9f9bfae8-a73f-40bc-b1a0-af8028327aa7","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":"2a1efba6-1d64-4494-9259-e20aa0ab5ab8","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":"c3429662-a161-492a-8cfb-fdeafbb0ac9f","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"1a6389cd-07e5-4eb8-b5bc-11af9707bad4","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":"d28d7a8e-0ea8-4075-8e84-d0421f00e971","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":"e92ead10-6635-4792-b090-8da296dbf491","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":"160d592b-b357-4871-b2a8-7fed8c41ecbd","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":"c1bff454-7d27-4512-a11a-3897a3cdc2fe","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":"bea4da4c-3f62-41f1-9e80-d919e79ec17a","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":"99989fb0-4310-4ddf-848a-0a765b962907","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":"be58ba6a-51f4-4c90-a910-9986ac34ac41","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":"3b7920d1-7ce3-402a-9433-f23853f84a69","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":"78ffe9e2-01a4-4545-876e-6cc1b969a020","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":"efc1fdcf-62da-4a5a-a0cd-375303994f70","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":"5e7b6343-645c-4877-9216-f75310eed7a5","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":"8a672e80-c5a6-423c-a08f-a3fbbe724056","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":"666325f7-b4fa-4b95-8159-dab69fb9d680","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":"54a3b615-6f14-418c-b411-b4058215efda","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":"cb68d25b-2ddd-4297-a94d-57e65cbc2bc4","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"84e4218c-4bc8-472b-b34b-8d8fc1f5a93d","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":"23b563ed-6327-47cc-9558-8d08005aac67","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":"9543049a-ffb6-4b94-b819-644b2facbd2c","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":"0633cb60-72aa-40f1-b5ad-7c43f18c82b6","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":"24f60c20-d212-4957-bb52-c6f2930de40a","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"48f5cb3b-47e2-4324-ab62-aad02ff61fec","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"a576865b-fd71-47b3-b5b1-3d75d19db47c","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":"357d4ec2-3759-4aa9-a794-79d1972109f2","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"7c155217-1292-4f1a-a1ef-022709e3dcc2","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":"b60e286f-b122-4163-8f0e-dcb9f83458e7","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":"51c34325-8338-4ee4-9091-b1e57a554295","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"2fe7aa22-762a-4d94-aadb-09997d9b995b","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":"2f94be0a-b09a-4639-b9cd-a46158535591","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":"db21a259-92ed-4701-96e7-37604c063d24","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":"d062e2e3-0c52-4f76-9868-cb9b7ba4fb92","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":"20d7e8e2-af74-435a-b667-a6dac03aa9ea","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":"46a12db7-8042-49b8-8fb2-aab0076cca1f","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":"d3f89b5c-b01b-4b27-a573-f8adbea67eeb","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":"f79cb0bb-101b-4216-82f2-4d967a161335","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":"b4a70da1-58f2-4b70-be65-90ba8988d696","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":"753bb84c-9386-4569-8b78-02776a698364","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":"0148d02c-827c-4b42-b21c-ca672c95aa73","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":"a61f24bb-8276-4b23-a493-6abdd59cc5df","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":"88791c78-04eb-43e2-ac48-dee6ed97737e","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":"75d9a0b2-ecb4-4588-8a34-9ba22afe9350","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"69312f39-6c81-402e-a150-294bfe394803","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":"56fa05a7-6be6-4a9e-93ce-07d90f4e3dac","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":"9fe7750d-efd9-4937-8a5e-97e60df13035","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":"4fa83bb5-e234-4a5c-9bc1-4e56f97082aa","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":"339661e3-f216-46b4-b26e-dd442a55be76","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":"6e0d9a12-dcc7-4ab5-aa2c-95b33d8d6ff9","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"a5ff9ee3-bf13-4bfe-93c7-aea0ea6e2e41","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":"e4b9b7c3-39f0-4b98-a00c-c824b4ebbb1d","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":"846284a9-ab6c-437b-bdd3-f473d9c5906d","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":"bc7ea94e-7668-43f6-8db7-1326b064ae6e","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":"df994ea1-85f7-4765-8611-623378980523","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":"62fbed43-2a7d-4b1c-b607-755f4418beec","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":"03f17033-ae0c-4e59-9c91-0a1563569f06","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":"a0628195-7332-4bbf-92bd-378a946bc803","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":"3aed2384-bee8-4929-b9e3-042d15bbbcfe","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":"bd22c24a-7812-4272-abcc-d9599594ae53","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":"4fdb2f72-2a1c-4471-a91f-989eab2d63dd","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":"6b30a9e1-49d7-46ae-a995-53fb9e10cb75","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":"3bae6eec-e0e2-4430-b4e8-fd4cfbb46e52","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":"f23cd675-94cc-42d2-9143-d4d01923ef4b","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":"3ad7a7fb-cb01-4c80-acb2-6abab1f3a2ef","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":"b3800a6e-34c5-4768-9f19-5c8a70d75354","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":"77f6082e-e891-4be8-9c4a-8d5c4cb9ac4f","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":"415cc168-f932-42a3-a93b-126c7119c639","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":"0abfdc1e-b831-4e71-a3dd-efe4bafd6ec8","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":"48e364eb-a4de-4dc8-9321-cc5864d065eb","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":"1d26c949-3501-4954-8215-7919b9bdc94a","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":"847c2fa0-50c4-45e2-a02c-5e1c1c78f5b1","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":"b4df0fb7-c488-4db2-80cd-c76a37070f91","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":"e9c72107-594f-437f-996f-aa1f13739092","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":"ca311266-06f0-491d-a47e-770f1fbb47a1","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":"dd7b866c-45b2-49d3-83a6-69477a66fa64","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":"8af50e25-6c1a-4146-a7dc-3db3bd9c8755","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"05f2b92e-605c-42eb-94d4-02a34c858a43","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":"657621f7-671c-490e-8a53-2df6e847ec86","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":"5b6e4bee-9a60-4c67-b0d6-83dfa52979f6","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":"08a5e5b7-aab6-46cc-b3e9-06222d1886d4","block_type":"box","text":"Report ID: 5592746.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"445eb85e-e39f-42b2-ac58-943de2eb97f7","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"4bda6ffa-e71c-49eb-a774-80d62204e39a","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"9b604fb1-e990-4b67-9ba5-2a394932072a","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"762563d5-04e3-47ea-99eb-697b999ff396","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"4e2c5bf2-0f0f-483c-82e8-5a1acad48aaa","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"8fc4d5ba-097d-4bce-8567-be7be0cd2b7a","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"c7e3b9e1-c5e2-4e38-a4c8-d24cec3690b2","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ba613caf-4ff7-4542-95db-906e07d52976","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"d4c77b5d-fe14-466c-81e4-69ce29bdb0d1","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":"f5a12b1e-e0ea-40b4-9b33-27b5ada11b7f","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":"52165c8f-f0b3-40e9-afb6-3fb533288e56","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"0b310fa1-7f0a-4114-9e11-a64ecbcf14cb","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":"b13d4d34-b9b5-4d7d-b8c5-8d528cfc46ef","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":"5cf3cb74-c22a-4e40-9b37-6f2119c18863","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"cc3e4f81-bfaf-4b16-b0c4-931a540df22d","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":"d0c7866c-aa54-41d3-9a1a-e68afd9ff33e","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":"4f72af16-8560-4522-b04d-add929bbc61b","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":"de03b5a4-0646-4519-adbe-7c2e141ba100","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":"c96ad314-4dba-48d4-9c0d-446794ec4d78","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":"c48667cf-c2ea-49f5-a758-d93193dbd0d0","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"50e5b5e3-d551-492e-869a-a8fe7729d8fc","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"a2bc4866-be8e-4d90-b5b8-5f465c55d3b3","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"1186ba48-5d04-4cb7-8e44-7cdff2f14946","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":"5e8eb6d3-53dd-4301-860b-52e681f870c5","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"fa9addb0-b868-4e01-a7d3-d94b68b30e1f","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":"785724ed-c6da-4ff1-940d-b2ab486dd8b7","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":"5911c6ab-bf9c-46c0-9e2e-59a37204e9fc","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":"268adad2-e9ed-4cd3-930d-52c083604133","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":"3e79cb06-38db-417f-8652-88fe2d845529","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"4a16faff-6d8f-4ee1-9d46-f3fc00e55e22","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":"fb346ba1-f2ae-44fb-a224-73b81d5585db","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"b94d21d9-940a-4923-aa22-41c05344664d","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":"f057aeeb-8221-43ef-a062-77574de1a71a","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":"668ac3ca-8290-416c-9e07-6ed718eacb20","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":"3be7ccf9-0892-4f6b-9af1-d451bb3aaa46","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":"446e178e-6e8b-46e5-ad56-f367fd390e4f","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":"9cd66a8c-0aa3-406b-90e9-04686b7039ff","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":"0a454f84-e48d-4e2e-b69f-a2feb022a289","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":"644cc53d-55db-4e48-89e1-27b3f8242937","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":"063b37fa-7e97-4ca5-9552-bc6f7d120b90","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":"f5f69951-e431-4d0a-a999-db58d1b6aaed","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"dae8c413-bc81-4b6b-9bcc-a18baa2950bd","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":"ae4cf8eb-2eb3-45a7-9651-0b10726b805e","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":"cc18f0cb-91cf-4d50-9a20-cdb16d039bde","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":"96d15413-7342-4b6d-bb30-8e633999810b","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"ab2bf2ba-7cc1-4fa4-ab00-e88fd267e504","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":"dbf293d1-11c4-4ee7-9a06-ee90f7d1c3a0","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":"4b888633-5859-4e18-bbaf-92f761dd509c","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":"a49ccc08-bdd3-42bf-a5d9-67db61215c4f","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":"e3a73ecb-7ea4-454e-9151-dd8fda7392de","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":"798ff3dc-cf85-4773-a3fb-38dc6288d9e4","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":"27e16d08-9fe6-4c2c-a649-9e0bedb7dc1a","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":"8072557f-8867-4334-853b-be3758f9bfac","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":"1d61c7ef-1999-4f3c-92d3-859f46a95e46","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":"52e86591-812b-41a5-bd9d-db375dde830a","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":"435ead5e-b24b-4976-bed2-34c54eab6736","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":"e3411eed-c635-48ba-8ab4-6f38e07200ec","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":"2a187fd1-1ab0-4b4d-8966-2cee93362429","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"08f3332e-fdd4-4b39-915b-e69ae6b954fd","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":"8892dd52-362b-4707-aca8-fbe0c9f12b54","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":"0088bd71-d886-4525-aded-d6803d106bb4","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":"bb1d60ac-20ea-4023-9331-df1f3bcab01a","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"4498edae-2fe4-4dd0-88d1-312081e299d1","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"eaa90d23-0621-4179-8b1f-2a1d4acf1650","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"b0303208-a711-40ce-ad24-75c18836afd3","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"4a0a0d33-74e7-423a-b550-18f025d814b3","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"0f311158-4b78-44ba-ac8a-83d3f418eb53","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"717f45a1-6314-4fa4-a7ac-d2879c0aac74","block_type":"box","text":"Report ID: 5592746.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"4748258d-9fd8-4d4d-93da-71c6acd14188","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"fb4d068c-4bb1-40c8-8d59-f5d68d29d0fa","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"e1a9a33f-3ca7-4d8b-929d-d9e3651e2d19","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"9ce1806b-6f64-455f-9676-6a70dd97cfeb","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"be9fd3b7-67c4-4cdc-be47-72bd820102a2","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"ca36c19a-bdb4-435a-8be9-5255831a5822","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"37389888-e9e9-4e7a-b082-cfe6e1870fb5","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"1368e86d-abcb-40f5-a25f-cd09a261a898","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":"ca943df0-6749-4d54-9167-ddc48e367d44"},"user_id":1000002,"date_created":"2026-10-05T20:48:39.187000Z","date_modified":"2026-10-05T20:48:39.187000Z","private":false}