{"annotation_id":"9651389f-52ac-45e2-afd4-80041a61e384","file_hash":"9306766252ab71c91da870724ef3406781910d85fc0c1eb288040da7742ed54c","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"1d937381-559a-48a1-9f41-24b0bec03474","block_type":"box","text":"State Street US Value Spotlight Fund -","page_number":1,"box":{"x":51,"y":71,"width":660,"height":23}},{"id":"b6b3a1d4-7a25-451b-aead-f761759010d8","block_type":"box","text":"I","page_number":1,"box":{"x":52,"y":105,"width":6,"height":18}},{"id":"959004c5-fcfa-4fe4-ad7e-7d8af712b2bf","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"9033d899-39ab-4a81-bde9-03d60ccec4fd","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"f4cfb67c-29f9-4010-8168-471bede0951c","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"36a3de31-547b-4573-a2e3-eb4ac0bb76d6","block_type":"box","text":"LU1159224085","page_number":1,"box":{"x":754,"y":107,"width":78,"height":6}},{"id":"281cf035-cfb5-45ce-88a2-1dff9d08e397","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"b73fb27b-218e-4147-b256-5f1713a879e5","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"87965820-256d-4e66-bc1a-c2ea48e592d5","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":"02d7755d-6c84-436f-a374-1f6bdb98a088","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":"23c887fd-728e-4079-bf33-6fcf5396bcc8","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":"3f63ac82-e515-4f92-b1fd-eee9b0cda395","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"79a6e2d8-8d3d-4cb1-8109-48df6a1f4a02","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"f6dcdaad-49c4-4982-8669-ffab8d4132ea","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"4c6f3ea7-b831-4cc6-8ae4-2feae3c6e755","block_type":"box","text":"5.14%","page_number":1,"box":{"x":105,"y":315,"width":50,"height":8}},{"id":"ed05178f-5b54-4bf9-97c1-dda33aa05559","block_type":"box","text":"2.28%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"ded2c78e-a403-4f2c-bdce-fff646fe735a","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"185a13f5-73c9-496e-a126-b3424a7edbe2","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"c0dee649-9d9b-4d68-97f2-9d8fd56c84b5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"254f8294-aa4f-4aa1-8dba-eba2c5c870de","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"35cc63f8-37f2-4256-94e4-0870763f75c3","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"bbbf7736-5d16-4f26-b8be-db932065eedc","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"c62b868d-ebea-4fde-bcec-bd92a6d49a0b","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"3534f044-f06b-4131-aa15-d36bdcff58eb","block_type":"box","text":"1.90","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"0f3facb4-4612-4efc-ae4d-cf5935262703","block_type":"box","text":"0.39","page_number":1,"box":{"x":338,"y":425,"width":39,"height":8}},{"id":"ae5378dd-20b5-496f-8959-148eb37f41a3","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"179962df-4754-4ec4-b253-d4795bb4a119","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"9a684d15-77a8-42eb-b4d5-28e8498134d8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":456,"width":53,"height":5}},{"id":"d56a73a6-352d-4ad7-a129-44e70b180052","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"0f16e2ca-a43a-4847-b09c-ee1c7c6b27d1","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"faab7db9-0705-4c53-a486-26cc2407c95b","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"8fe1beba-4fe0-4e6a-af76-341e9936df84","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"68155f1c-13e1-437d-a1fe-e933abdedce0","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"9c458971-4045-4b5a-b4bf-dd54bd365af8","block_type":"box","text":"7.07","page_number":1,"box":{"x":330,"y":530,"width":29,"height":6}},{"id":"dc57465c-c0da-4c62-aad4-9a26e67d6186","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"a8fca215-143d-4917-97ad-e039a070e9f9","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"c6ef289e-e204-4e1e-824c-a0f634fdf280","block_type":"box","text":"2.95","page_number":1,"box":{"x":330,"y":547,"width":29,"height":5}},{"id":"e18a4d8b-a988-4451-a7b0-b5b5ba171af7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"d16a9a95-c25b-4d79-92a0-ea53c9b80a23","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"689726bf-d8c7-47fd-99f6-5944c4fe3b72","block_type":"box","text":"157.41","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"ba6e1d80-a2c5-4b5e-b8c0-6f66d16bddee","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"0a0f1959-a617-42df-9d05-4b96f17f4688","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"490ae09a-10f5-4b06-bfd9-839c986aa77d","block_type":"box","text":"10.02","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"b5fc6dc3-fd67-4318-aeea-11654773485a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"0cc737f6-764d-4c14-8e02-6fcd9d061fb3","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"698f3a88-a602-4e0c-9388-5b0468cb4c41","block_type":"box","text":"171.31","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"5033d6d3-e62f-40e3-a970-ebdd3d53e59e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"c55c517d-2481-40af-bef6-6bebe4578ebf","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"2f31be9d-0498-4d5d-b2b4-17eb68b15398","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"c347b611-b3a5-4ea7-bb63-6e271a80e81c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"6492c8ea-52d4-4821-bb05-ed641a98ec75","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"0b9e83fb-3e4b-43bb-880e-bc260daf1e46","block_type":"box","text":"251.20","page_number":1,"box":{"x":796,"y":330,"width":45,"height":6}},{"id":"c3cd3051-4e5b-4508-93ed-c06ba0a65853","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"f662be3a-a045-4368-9862-93e5e4ef9f84","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"1ffd7d58-a4c9-4e22-82ed-593df94e23b2","block_type":"box","text":"104.72","page_number":1,"box":{"x":796,"y":347,"width":44,"height":6}},{"id":"6c3fad32-ed8a-4e08-a4c8-85857438d22b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"a0ce3ba3-66c3-4aa5-b7e4-0d7f86096e1c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"8b59608c-568e-4840-b654-084a7353242b","block_type":"box","text":"5,589.22","page_number":1,"box":{"x":780,"y":363,"width":60,"height":8}},{"id":"1ea539b7-0fb3-4865-bc9d-73372e94f016","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"7973953c-448d-4e34-a292-a5888a296ad2","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"89c6107f-b509-41d9-8511-eb8f31cea952","block_type":"box","text":"355.92","page_number":1,"box":{"x":795,"y":380,"width":45,"height":6}},{"id":"0071df44-af52-4e8f-940e-bae5fe4a26c0","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"19b5d78c-29c7-4d15-bd8f-87caebc9295b","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"f7b66016-67bb-4027-a030-d3f55bc33efe","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"25ef4c62-a34c-40dc-87eb-4b852f4bc8bb","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"060655ae-97f7-4af3-ba49-f212d2995d1f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"7a6075fc-f0de-4dbf-b74d-70c800d1d838","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"bee76fa0-1247-4eca-a20c-8065bfd146af","block_type":"box","text":"21.37","page_number":1,"box":{"x":803,"y":461,"width":37,"height":6}},{"id":"24938513-8f6b-4128-9592-631a4dd1cd2f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"f0bcd301-76d1-4e58-b7ad-d5820e29f0e2","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"b11fcffa-02ea-4713-a6ab-67585789b563","block_type":"box","text":"18.90","page_number":1,"box":{"x":803,"y":478,"width":38,"height":6}},{"id":"fbbfb681-b599-4b04-b3d5-f44be1a7d3a0","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"a9b7c360-b543-44ea-bd2e-a564fe10f6f3","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"74516f8c-b846-49cf-99f5-dd09d90bf19f","block_type":"box","text":"347.87","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"dce7ad4c-fe20-4d71-a700-bf91abb24e0f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"bfdd7a9a-c11b-45c6-882a-83e13d07245e","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"73b35b24-1ae3-4219-8b2b-bda395bd0be1","block_type":"box","text":"40.27","page_number":1,"box":{"x":803,"y":511,"width":37,"height":6}},{"id":"19d524fe-3ce4-41e8-8bce-88af9433dcf8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"df4f3172-28e5-4a6f-900f-0b9c61800e86","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"2850d90a-0ec7-448b-9f56-bf901ac8b993","block_type":"box","text":"389.93","page_number":1,"box":{"x":795,"y":528,"width":45,"height":6}},{"id":"f1e623f9-e1cf-4055-805f-600d2928c41d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"fedf4ee4-f7d1-4667-84b6-ffe3deccfdc1","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"f0dd2265-a534-4374-b7ef-eea9af97f949","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"e7a35e6e-a090-4320-b41f-852ccc944801","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"dc0c58b6-6ca6-45ad-b756-714862674ac3","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"9bd4bc0b-8a52-44a5-b429-a9d6a78d993e","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"759b7229-702c-42e4-8c9d-3fc932fd7540","block_type":"box","text":"-5.74%","page_number":1,"box":{"x":797,"y":610,"width":44,"height":6}},{"id":"0c25991f-8235-4105-96f6-c1eea6dcf78c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":610,"width":52,"height":6}},{"id":"be1c023b-139b-4b36-853a-8d1be54a3b78","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"58a42563-5072-4df7-8da0-632c09357c16","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"5e8e726b-9edc-4caa-9ff6-820fda7685b2","block_type":"box","text":"0.67%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"85759ab0-9745-4fc5-b42b-f7b70c31760f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":643,"width":52,"height":6}},{"id":"3afec4b6-7a0c-48b6-b5df-726797d06951","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"032983cd-fbe4-4204-bb60-c77ca21cfaf2","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"3b0e79c3-4ab5-4709-b9c7-c3d60ab2a82b","block_type":"box","text":"-0.30%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"33dd5cd5-5440-43a9-881e-5e3231ad4d7f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":676,"width":52,"height":6}},{"id":"6f18941d-20a3-4e5c-811f-478b110d3808","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"8b2f2b90-5681-4fb2-b745-f02b749032dc","block_type":"box","text":"-1.20%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"fbf31cdb-7a02-4db7-a885-1dcba81b0699","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":693,"width":52,"height":6}},{"id":"184d8a1d-3d29-4656-a226-06d8dcfc527a","block_type":"box","text":"Report ID: 5593203.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"262680fb-1401-4f2e-92df-6819bbeea134","block_type":"box","text":"Published: 13 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"f93d52fa-bac9-4df0-b34e-57637ee2339d","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"9db36c82-b0aa-4f74-a562-c826bc06a1fc","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"57be0e47-f621-49ae-a51f-e321a661531a","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"0f703065-367e-4de2-a63e-5f74087c0b3c","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"67631b42-896f-432c-be26-fe914c2f22f9","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"d8c35d6a-d0ef-4813-9601-e17ea48029cc","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"eb049936-6065-41cd-89cc-8824f6531264","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"f84189ef-ba7e-46a2-a9e5-aa7e88ad8acb","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"46b2d887-f6a3-4287-a0f7-52d77d76bc8f","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":"40113c3c-81f9-4320-a2d2-12e866e87ac8","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":"e5f6459e-f075-4cdc-b24c-ef184362e0d5","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"09a3bd66-4e90-4323-a85a-67781c22da50","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"f859b73e-384a-4af0-95ff-f8e2de28d36d","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"c96627c1-1b86-4427-9aad-38a34b573b68","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"b2e67116-35fa-463b-b928-ca6d7e194c26","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":"d8c4525b-7cd3-4c4d-89ad-e069d4f34033","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"071b4e3b-6cd9-4008-99e8-64fb9c12827a","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"b9da3002-91d1-402b-8cad-27331c16c877","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"491fe1e7-c769-4365-8523-0bc9b3cda1e1","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"6e9698fd-1208-477f-a9cd-f1bdd54f6aaf","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"0b4690a9-3b2b-4bc2-aff5-b15293fec9ba","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":"0a399661-e0b1-4689-9b33-ce84d944e1f4","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":"fceb355e-22bb-4e0c-8b64-4c85980acfcf","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":"c4807591-7c06-44bd-af4b-5e3ab1853856","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":"0921f152-47d7-4851-bc7c-1308fef468e6","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":"96f82318-6a32-4127-a1d9-a6843c5d9bc9","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":"bee81c7e-cf29-416d-8d4b-5f5c112edf03","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"bfa02b64-9770-49a0-9216-6d6a5543b39c","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"dda0aec0-0062-4379-a919-1e99bb313a43","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"1c861333-7258-4167-829f-8619261a3aeb","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":"cda465d5-5ad7-49c1-b6b8-31cfd91a554d","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"bae9bd70-fbea-4c8a-889b-3a3dfaf381aa","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"37c61fb0-ffad-422b-a5db-0f799e1e3827","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":"c8f57cc3-8f15-4a25-9989-04d4ebadf513","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":"dccf64cd-4b7b-4cd6-bd8b-6597ad28882e","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":"ad12a87f-fafe-46f4-a1db-a1f3217be51e","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":"c1fceced-8afe-456d-96b8-bd1466d8cde0","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":"af530b56-6f72-403a-82b5-423c8b1c11b1","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"38dda517-df82-48a2-8f3b-f2a763fc82c6","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"b97a1a11-6770-4368-a56e-1be58e7814d8","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"1cedb003-8f35-4a1e-a135-cae4f5bb2859","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":"c6768667-5268-40a2-aad2-a0cd70dfb60f","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"fb9f82ff-955d-44e3-9843-b43c1721a5b4","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"cd10a07c-52f0-427b-a44b-8ba8ce43dbfc","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":"bed123ed-d091-4cf6-ae15-33bbe18f45ca","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"18ea7f6f-466f-44c8-a1aa-1c1d80892971","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"9b40aa2d-b98a-45f9-822b-731f3a5252bb","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"8238ab6b-1f64-4c31-89cb-7fbcb9c2721e","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"b4914123-1666-4358-87df-5850e74b09ad","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":"8d52aac8-810d-444c-a790-45b8fac1955a","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"ebf23db1-399b-4307-8e3f-1b03535defe4","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"abc08eb9-7d65-44d3-bcc5-e983f63c4bc8","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"e99e8a6f-d65a-4acd-ac34-68b93a4ff9b8","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":"bcbac088-ab59-4aa7-8819-2d1afc659eb2","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":"49e883f6-6deb-402b-a4a0-0b44cdbe54b5","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":"38e71793-74b3-4db1-9824-6fe9f6891a11","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":"39a34530-99ac-4d58-9821-496e4ced83c1","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":"a70ac662-ea79-4e5e-91fb-854922029072","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":"63ea8ca1-3c3c-4132-9e94-0e5d7e1a940b","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":"364c6270-85f2-4ee4-8150-ab6dd7530fca","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":"9bc92a96-4629-4679-abcc-26d29d236333","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"86ed6cee-baa3-44a7-8ff5-48ef12e70843","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":"c1337035-e1b8-49a7-81e4-94c155cae201","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"9af052f4-4ff3-43ba-b700-4e16f184827f","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"0cf6955a-55b1-44d3-b53f-d793aeb1ca64","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":"58d21eb3-1eff-4031-96bc-e3d6dd291941","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":"efcfcd8e-2e41-4868-92c2-004f3cdc1f9b","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":"b680d6d5-508b-49b1-9df3-a4c13d6dd91a","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":"3c8a9567-c601-497c-a108-3202371dc4b2","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"65159f3f-7b9c-4d93-b3d0-bc8811932eb5","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"ca81aeb2-8341-4748-a922-52af49b11bf4","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":"4b9ee5a8-42a4-4837-9722-e31b40271bc4","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":"b5d9084e-424b-4a63-9bec-cd8de73d1792","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"451fb410-cee9-43e9-b816-fdcfb82c3971","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":"76ab63b8-dfd4-49fe-98a4-8160f4519509","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":"db796d92-ae60-4cb3-ab8c-efa428addd32","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":"71491e5d-f97c-4e20-b8a9-fa11862774fb","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":"3c45c54f-0d1e-4e32-9a2f-b24ed2ca0c07","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"3ddfff2c-2d2f-4377-b339-33a63b240b0d","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":"55188f68-fe66-4509-99c4-416678e84c5b","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":"24b3ac20-182d-4fe3-b1e9-b9a448adbe39","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":"a66a6bd3-4c79-40ba-a758-02f269b51e4e","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"3afc5981-c156-45b0-bb1b-c5b462b630b4","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"9cbf9e09-5011-4ee7-8213-2dcb85683814","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":"843a7b70-078c-4fe4-a3bf-53c76b0ccd80","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"562c0c07-dc12-47cb-b585-db5722086c9f","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":"54ed440e-79bb-4b0b-94a3-fa7015745e6c","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":"03035825-b8d2-4f10-82b1-611feb3e7188","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"7e3bdd93-3938-415f-8913-27f90a0aad6f","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":"52b5a9c9-0aaa-438b-919b-1dcb6127413f","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":"7ba31e84-8fb7-45d0-b26c-70a0293a98a4","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"d1b7658d-b477-4cf2-b0c9-0d9f128082be","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"63abd837-dad7-4494-b910-257471440f31","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":"23d19c19-3e83-4737-ad39-4420593fc38a","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":"581f44fd-627d-49e4-9edb-6d7d44391575","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":"0599d151-9288-44f1-a511-8eff41dd04c7","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":"a4698219-eac1-4774-a544-604ea882b691","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":"dbf843ff-bb94-4953-bf06-b27bd029cd1a","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":"4bd33bf1-bc2f-4898-b1ac-76984b1b6add","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":"b2a880fc-f8f5-4e6a-8c16-4598ac3e2032","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":"40be6ed7-0bd7-4bf5-aa61-5e0ccac12d09","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":"e18b3a92-ae2e-437e-a82b-e790d31a79aa","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":"233536b8-1a34-47f5-8c99-8588cb8a664b","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":"cdca6e94-e349-4574-82f7-8fbad5f9eff2","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":"65da217d-079e-4802-a2ec-84297e9cc71c","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":"47f0f4d7-0c13-4369-b58f-c87da1cfa524","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"041d7227-dde3-4083-b08f-c50c6627caed","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"a396b451-0173-4511-9d81-a74ff44ad2c5","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"aa986106-1cd0-4978-8496-fdd6518144e4","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"2a6da707-8ff0-47ed-85b6-1511d910431d","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":"5d71701d-b39d-41a7-a6cd-915c090640b2","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":"eeacc165-fe53-4692-8859-1d0a2e12f365","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"dfbd7a28-209b-4198-808e-00d4e3b1bde2","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"21471479-0542-4150-a6fb-a246cfe6d7ff","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"62799944-3184-42ab-b47e-d7b06f4027f5","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"ae99fa01-9108-4e94-8b08-af1094601724","block_type":"box","text":"Report ID: 5593203.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"4e1a1bfa-3a56-465e-ab8e-e78461baeeee","block_type":"box","text":"Published: 13 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"6d75cdbc-3149-4d7a-86b1-5dbdd885d5a2","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"4dbf3e14-dd3a-4f32-af9d-2f9cd8146e88","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"6c79dceb-584d-46d7-9c5c-b821ab0f92e4","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"cec2634e-329d-4d4f-a254-a8a83f68c1e0","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"dc2f6879-b8e3-4454-ba48-8e5f33930aa0","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"fab2b8d2-b11c-4a32-b819-c1db7ff9717f","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"09708965-3e33-42dc-b4b1-8a92b189326a","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"3a78dd34-11c8-4489-835e-dc064ff735a2","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"06ea30f1-c0a3-4c6f-9a50-c441028a7605","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":"901504bc-f429-42bf-a5d9-a2a340f6b504","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"a3df7f6c-a951-417a-a525-62b84c0c15dd","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"d2e7b7ee-3a27-4f03-9203-9d4607d84328","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"49475020-b535-4c16-92ad-a8047fd468f9","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"aea4505c-26a6-48da-b47e-639be07d0009","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"95ed5dab-d1b6-4a85-b6f7-6c91a7aaf5f9","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":"5e30bb5b-2d3a-4f64-a238-878e74a49508","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":"bd880942-05f6-4b3d-bb22-d648f5a1a013","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":"3d4d8d6c-86af-48f9-b4dd-cfb298e65467","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":"f06b18b8-121c-4223-a95c-ad3c23833574","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":"179706c9-ff81-499b-9456-3d1f39cddb01","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"ee302675-e2a3-4682-9d18-31fc8b5306e0","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":"d315b2f9-da99-4ed7-89dd-7d7ce557abaa","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":"579a8f6e-ac5d-4a20-9939-e8d6f4859ac9","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":"7114ad93-a4a3-4d34-b428-f7e5e22bffe1","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"1997a98d-4079-4493-a7d6-295b525766bb","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":"58646828-63bc-4202-89a0-febc16a529ad","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":"2bc05cac-a913-4ee4-a9c6-a669b983ba90","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":"1f7f3c86-fee3-4ae2-8f0e-80d125178b34","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":"1656bec6-0ce0-4a5e-aa6c-01ecbab977c0","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":"bd1d3a1d-c35b-4632-bee8-f6645bf699f8","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":"dedea78c-76d4-49d9-8715-8f8985cd0f76","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":"4aec1bf8-71a2-409a-93c4-6cbb960c1670","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":"1fb4f6ed-a507-4576-8c2c-3f5f17965a99","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":"5b50c528-0b41-4cb2-b491-6a3cdaa63b82","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":"d6037bbf-dc62-4907-ad06-673d8577d452","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":"f4614f14-a565-4a4e-87ff-400fa6997af8","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":"83ed72a3-e26a-4dec-9971-a9a37bc66ea4","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":"7676cf37-760b-4cda-a44c-e60ac6c179f2","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":"e5403361-f861-43e6-9e0d-3b6250fc32ae","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":"832b9819-1767-4f8d-97a6-d96e5f24e01a","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"1a5e3e89-6cab-4485-a18a-dee1ac073268","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":"92726b16-ada3-4df2-a693-082941f68b87","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":"31bce38f-e4be-4b9e-a274-636ccf4fa799","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":"6b194fe1-9d46-415c-ae22-4bc05166d1d4","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":"ced8fd41-507b-4ccb-aa26-c63878fdb8cc","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"c7614f28-50b2-4328-9e18-3cf3567e12c3","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":"a5bc49ac-b786-42d8-b73d-560de475f67c","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":"52ff0c0d-d981-451f-8200-068e2b17d9d8","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":"b2ac3372-1fdd-4f64-b6a8-967e922dfeda","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":"cd7961c2-d4db-4905-ab24-35777de789e1","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":"51ba7310-9c88-45fa-be84-0f23d208b65d","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":"c50e27e4-e0ef-4647-9553-fc2f7cddf143","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"1dd79447-b9b5-4aff-aef8-6c0562fdc6ba","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":"001c0b36-b9ef-4fa9-9571-0b41d4f6c852","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":"920104d5-7e14-4c9c-aa73-2323575759fe","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"ffc9e39a-d8a8-4106-ad69-ca3e147cf5d7","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":"3aa527ab-d531-4f56-a974-89e9df1bcc5b","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":"823e3ce6-9cf0-454a-8b26-f74aa13254c8","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":"76c0dcc4-2052-4812-a6fd-40120d695360","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":"db47a530-f66c-44a8-a6ae-be5eaf199367","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":"9ddadbdf-8a87-4c31-adbd-ec814046c978","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"da662372-eed1-4878-9209-f50e4aad67a1","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":"feed40fd-b91e-4651-b5dc-123140eda8b9","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":"6a91c8ee-66da-459f-9b4a-2606914a72fa","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":"565bf754-532f-4f55-a6f5-840bf9e09492","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":"c941d274-d6e4-4576-a5d8-f71d5cd9ae60","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":"150cd4bb-0185-414c-a9cc-f9e053a7325a","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":"14c9749d-7e8e-4836-920a-364b3fd17eba","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":"e7192ffd-56ba-4042-a7d7-bf869073a832","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":"b0563c04-2112-4900-ba52-ee10d7121436","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":"ceecdfcd-2300-4175-8057-8753ae22d70a","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":"2587f961-860e-4757-a33e-26e078ede55d","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":"275228c7-4f22-457c-9b11-0f0813cfbd55","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":"ab268cf2-61ce-46c1-b1ba-fa179916da87","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":"28c03501-3569-4e87-9108-3397de0f30b5","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":"7f1ddd8a-0eed-4612-a538-78088cec8ad0","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":"e23e1dbd-cdbb-4001-8e0e-612a630119d5","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"f17a87b0-7d86-41a2-a431-1adb207af095","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":"aa25604b-8d84-45a5-86f9-e0f3b27ba79f","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":"157f763a-1ef6-48e0-8930-1117ea4a7844","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":"1643c835-4e08-4957-8371-ee86d725063b","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":"91ce5633-61ad-4c95-8d0c-166bd80c1112","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"6c571036-835e-4dc9-b172-b173aa35ccf6","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"6d5bb19e-3b93-42fc-9b35-75b8cb566056","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":"59d0d38c-8575-413e-beff-12eae20779f0","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"caa72e2c-a42c-465a-8370-5b00b8036de7","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":"65524ba3-835f-4dc7-b662-64ec4d5606b0","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":"eb46ec9f-6cf3-4656-b5f5-cf0ef09ddf5a","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"9a99b9cc-c17e-4461-a2cb-9392514513d6","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":"ac980f08-ec0a-4ab7-9b00-38ee667a70cd","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":"ef355925-436c-4bf8-bdcb-2f630131dde5","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":"fcd2588b-ab95-42d5-a17b-30641ee1b5f8","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":"c6775ec3-a69b-4325-a4e6-8872d5660edd","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":"e73adfd1-34b7-4d07-8c73-7f763448f72a","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":"6b96a7a3-4161-47b3-b41a-39d4ca00e87d","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":"a7c7275d-e6c5-4cab-9018-08dcc18ae35d","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":"f3c5d009-292e-44d5-99b5-51898015c136","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":"44c80d09-0c51-4bb4-9af3-3f9153347f56","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":"7e0d5650-b5a7-4ae3-b0ef-87df1f28b6ca","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":"f3b20f79-7776-415a-85cd-5543b832a76f","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":"dc9c798d-93dc-4b48-8741-f688332111d9","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":"0df0324e-bd23-4923-986e-ec74a57d6242","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"f558a7ad-84b6-4952-be32-cf4cd0cae09a","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":"292351ef-583a-40d8-8c68-b68e114e6dfc","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":"74851eaf-5b62-4614-ac55-fa029f840fd6","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":"ee8097e5-b895-4b18-9044-22f18023c244","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":"796e9141-0c4d-4d44-b1b2-f13a0579b057","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":"91612898-0ec8-4749-b380-5777eba0ddd7","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"e70fb7dd-3289-4d46-9ec4-7ea09cc4bf13","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":"980e7141-594c-44d0-8aa7-90f00e4e634f","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":"628464f7-ff7a-48ee-84b7-756f53e6e116","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":"7db677f4-e01c-4f78-8e80-e3652ee81400","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":"77cdf170-8c54-4952-9092-f0c3ca5b95d2","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":"21875a2a-b421-4096-b89f-43a690523e2b","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":"b66d3a42-c9b4-4880-907d-081553f51748","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":"6714815f-41ab-4a9b-b90b-754f1f496c10","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":"ab4c9c96-32f2-455b-a6b5-4d0f29dd62a4","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":"d097e021-aa0e-44dc-acf0-00a21666c875","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":"0a7b3aff-b58f-4ced-8af5-fc3bfa7e3efc","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":"61d147c7-b14b-48d3-a25e-b5cd95b356e8","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":"9b1f902a-dc78-45b8-be0d-885b0198f2b1","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":"a31e9430-3177-4136-98ac-eb9be4acf0dc","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":"2f1b349c-609a-445b-8543-b753868ce506","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":"aee98422-b52d-4232-9529-5b88da539c05","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":"47a53769-ab7c-4743-87d7-9c132e1128f4","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":"8fd8940a-d59a-4995-b32e-1522e3644873","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":"6dc88e20-a444-4b6d-a069-e0266a15f2bb","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":"696f9f47-4157-41dc-9507-4c108578380d","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":"0b396fbc-d0b2-4beb-adbb-9c6665925e80","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":"d677afbd-4d51-4115-847e-7ce1d80e51e6","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":"4d7e56c3-a668-44da-b22e-89b5b829b6bd","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":"048a573e-a678-4d65-80bc-86223db7f182","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":"231dd1ce-2e46-4ca5-bcf1-0211547a191a","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":"ad661f19-e7d3-48fc-bd10-3f7f1401e598","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":"560faa19-824d-4c9e-ba48-7433fa437571","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"8e3f98fa-ae7a-4c51-b932-0a7e8a937682","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":"8b7bdb5e-20d1-4dbe-b940-5c0640941137","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":"dd40232b-8484-4648-8cd9-0aca5e6dfcae","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":"5447c04e-ced7-43a5-8dcf-33cee6b931da","block_type":"box","text":"Report ID: 5593203.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"a58ccee7-88a8-4acd-a0f1-25d248862a0b","block_type":"box","text":"Published: 13 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"7882778f-35d4-4963-87b1-c9a09f5ed294","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"a9b58313-bbed-4344-b7fb-342b09f77a41","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"47d11a55-8509-4ba3-9767-d600f2bb1d6e","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"1686e4a6-ecb0-415d-9da0-046ff07bffd2","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"656ff33b-4978-49b0-9aa0-9dd710e2a786","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"50ce728e-40cc-42a8-ae5e-6ac5880d7352","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e937e93d-4671-41ba-85b3-c915de35d7bf","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"56c65738-57b7-42e7-90c3-f86be6f10206","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":"2b7708dd-246e-438f-80e3-6a932bed9305","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":"aaad34ce-2c93-4d5f-b7ed-36c3aa2962ab","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"446d2ed5-ad92-4115-8e17-6c5aa363413d","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":"51325449-1040-40e6-8d71-4a5fc0e50581","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":"9f34a4a5-39be-4382-962c-4e62204efd28","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"aa5e420b-53d9-4a4e-b7b4-a32c70486095","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":"c9b521fe-4432-4eb0-8d37-57af6d4ca19e","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":"a635f6da-bcf1-4b41-940d-50d66173c046","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":"6ce0320c-12e1-45d8-bdca-9c86c75c77e3","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":"a2217195-cba8-46b4-9e66-f1fb0d9aa924","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":"5c6436b9-4108-4ffe-bca4-d79d9e4c9756","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"c006d65a-add5-4e8a-a559-c954e8a1ac3d","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"61a53574-766b-4abb-8a84-41e0463983f2","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"3d817d8b-0e8f-4419-9e52-3fb8aebd84ff","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":"3031c077-9614-414b-9c7e-ec75de248608","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"f8cf65f1-f1d0-4dd4-b356-7851b7bef583","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":"09a8f1b7-c0bd-496c-8faa-1008d2352184","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":"fb7da2db-ee9e-47bf-9fa8-c7db7082739c","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":"cb6c36c9-fb96-4a20-979b-be495b2bb5c0","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":"f8df70ef-3074-42de-9acf-18c2fe0cb3ef","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"58583e48-7141-4c50-ae71-3b8b0d5af999","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":"126e0aa7-eecd-4e9f-b2a1-6043a7b18d80","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"b389ab92-7709-4798-9f07-c1b26c8647c9","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":"77e2d89b-41dc-4dcb-8d86-7165bd0407d7","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":"1c662fca-a72f-424f-ace6-c3b3e3b3d5d8","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":"f64a12c5-bc9f-4bd3-bb1c-fadff8ed7fee","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":"30013a0b-5768-4735-a8a0-c37a018afcc9","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":"19b9fffc-2f0e-426e-8ad7-f06ac254f8e0","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":"3f7c90d7-a540-4540-a64a-3c61c7d197db","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":"92bb63e0-dfb3-4eb2-9d84-e3b68fe457c3","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":"585065e5-8274-49f3-931b-259023073b27","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":"09001c77-6f17-4788-9213-c9e604dd6935","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"19258166-798f-4131-89ec-47d44d09e799","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":"9568d7c1-bdd8-4a4c-b762-d5b80047793f","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":"e701a4dc-8823-40fc-9b49-24aca8255d04","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":"d085523b-4b66-4ab7-8ca9-05b76452a22b","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"949903db-d9cb-4f59-a840-82efb1cd363a","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":"3dd41b4b-1efd-418c-9cf9-7be02dce8dcf","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":"ee35d62e-dec5-416b-a98e-5305857a704e","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":"db200c27-476d-447c-b018-474e82e0ae8e","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":"b16185aa-fdfb-469b-9818-cdbc1ec083d2","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":"e018b2a8-ddb6-49dc-b0b3-38cf3c864f06","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":"5a0b7457-cb97-4a8c-a112-f36146d27f48","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":"02f8d964-d895-4b86-a607-3daa4b3cdd14","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":"00aebdbe-13c5-45d0-80e9-c941906f86d3","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":"5898ee05-33ae-423d-a85a-6f2c20a05660","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":"878d68f3-eb7d-4c7c-9476-4084a5297a04","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":"5303f2fc-e2f0-493a-b02b-dabc1c76e58f","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":"050f598c-48cd-461d-ac07-e31328c66220","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"35eae46f-006b-49c3-8a48-48750ab5c38f","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":"f5293d5f-2040-4a04-99fe-3eee647b74cc","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":"e0ab2e7e-9f7f-4683-8bac-761aee75a313","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":"e9ca0771-791c-4f9d-8fad-9551f9061285","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"3ff0a4e6-5c71-47c2-a26e-53080a029eb3","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"307f05fb-28c8-43b4-a511-0dbb44af0909","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"efde858a-3e0a-43c5-af84-05d4a8fa01e2","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"663eea7d-f31f-4c06-864a-ae357b26f7be","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"b3426f9c-e161-4583-9fb9-c050b224a08b","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"f989a377-6cd5-4866-bb97-590ebff4a53c","block_type":"box","text":"Report ID: 5593203.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"6c3a70a1-9827-46b6-b118-069bde280876","block_type":"box","text":"Published: 13 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"261d6643-917a-4fd8-a978-cd682ed5393a","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"4f9cc6c4-a339-4ffd-aed5-fa9a1505e6ca","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"a276f1ae-2437-4e7e-b63a-72ea747d332f","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"6acc526c-0076-4fcc-b2d2-8c5801b9e7cb","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"37db2e6e-62e6-4ff9-b913-5d2e86cfbf40","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"ecb789ee-f56c-4f83-aea2-039999d69338","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"00691c47-ec07-4ef1-9464-114553184f39","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":"e4f8d1f9-4158-43f7-9111-613dd9f0a65f"},"user_id":1000002,"date_created":"2026-10-05T20:49:01.978000Z","date_modified":"2026-10-05T20:49:01.978000Z","private":false}