{"annotation_id":"96579a89-71ec-4781-b095-662739b545d5","file_hash":"2caf6337e1e650763271440b6ae07d5102d08d07adbf68ac8b66f4ab8f520c29","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"30792545-7783-48da-8f4b-0e10b72b3867","block_type":"box","text":"State Street Euro Corporate Bond","page_number":1,"box":{"x":51,"y":71,"width":586,"height":23}},{"id":"72448550-4b23-408f-a118-f65936371dc1","block_type":"box","text":"Screened Index Fund - B GBP NAV","page_number":1,"box":{"x":51,"y":105,"width":595,"height":19}},{"id":"1668df93-eba6-4848-9449-ac0e52c5929d","block_type":"box","text":"Hedged","page_number":1,"box":{"x":52,"y":140,"width":130,"height":22}},{"id":"c605fed6-8932-4507-a95d-0a85df670d75","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"5ab96ffd-0a51-443b-a4ce-3e1e96970c75","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"968a6f23-444d-426a-bce6-fb9af1f27c16","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"6b38e27d-6dcb-42b2-84b8-85809cea0243","block_type":"box","text":"LU2715965963","page_number":1,"box":{"x":754,"y":107,"width":80,"height":6}},{"id":"f88db8ca-8d58-4c92-9d47-825746d9ce17","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"4f1e1cf6-0d13-4026-a3c1-f988aac0a976","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":199,"width":225,"height":16}},{"id":"76c1dea7-bc9d-4ed0-b3ea-91691bae7a76","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI, Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":232,"width":869,"height":7}},{"id":"c4ccdd88-048d-4384-b88b-b18c89617b08","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":246,"width":875,"height":7}},{"id":"97408359-bc11-4723-9f21-cd1b89d4ea85","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":256,"width":481,"height":8}},{"id":"87e4b988-c395-4ba4-86c7-bc62465174e0","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":270,"width":123,"height":7}},{"id":"2a8a25dc-eb33-4271-91a4-7e12e1f6d706","block_type":"box","text":"Companies with SBTi","page_number":1,"box":{"x":50,"y":301,"width":164,"height":10}},{"id":"ccebcade-e73b-4c2c-a76f-0343b859089a","block_type":"box","text":"Approved Targets","page_number":1,"box":{"x":50,"y":317,"width":138,"height":10}},{"id":"483e2341-6daf-496b-a7c7-eb518895054e","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":302,"width":146,"height":8}},{"id":"3b9a1bc8-2e62-435b-8f39-53156c6af279","block_type":"box","text":"49.17%","page_number":1,"box":{"x":104,"y":340,"width":61,"height":8}},{"id":"84b34435-e88b-4d74-9634-271e0aa44a88","block_type":"box","text":"0.58","page_number":1,"box":{"x":338,"y":340,"width":40,"height":8}},{"id":"02012e83-e6f6-41dc-a5a4-df72bf721123","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":356,"width":111,"height":6}},{"id":"24fa2e01-bf17-4715-a4a9-2537d8ab3442","block_type":"box","text":"Green/Fossil Fuel","page_number":1,"box":{"x":50,"y":387,"width":134,"height":9}},{"id":"44368587-fd36-4647-a5a2-d0977d301218","block_type":"box","text":"Based Revenue Ratio","page_number":1,"box":{"x":51,"y":403,"width":157,"height":7}},{"id":"f0bfdce6-4b55-41e2-a806-2ddbef223680","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":284,"y":388,"width":96,"height":8}},{"id":"640a2e49-4d71-49ae-9958-52ccbc273437","block_type":"box","text":"1.00","page_number":1,"box":{"x":105,"y":426,"width":39,"height":8}},{"id":"dc8fde03-9520-4a72-ade7-931c8df8c5dc","block_type":"box","text":"13.36%","page_number":1,"box":{"x":339,"y":426,"width":60,"height":8}},{"id":"147c575b-0a78-47f3-bb35-cc1e69bc9a6f","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":51,"y":474,"width":125,"height":8}},{"id":"033dd765-2ddb-4270-a3ed-6d34986327ab","block_type":"box","text":"Low Carbon Transition","page_number":1,"box":{"x":284,"y":473,"width":175,"height":8}},{"id":"bca12a27-c8d2-4b25-b2f4-83bfad25bcdb","block_type":"box","text":"Score","page_number":1,"box":{"x":284,"y":488,"width":43,"height":8}},{"id":"c4b13cef-2ce5-4d65-81b5-4d1690cd750d","block_type":"box","text":"5.61%","page_number":1,"box":{"x":105,"y":512,"width":50,"height":7}},{"id":"11e02b48-eda0-4fac-a68b-8964ba749aea","block_type":"box","text":"5.95","page_number":1,"box":{"x":338,"y":512,"width":40,"height":7}},{"id":"c59da392-571a-4881-9a9d-d174480d3d42","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"d5c2e14c-5f83-4ab6-a787-94b864690e8e","block_type":"box","text":"98.36%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"a065eacb-aa08-45f8-918f-e839fdd6333f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":541,"width":93,"height":7}},{"id":"75bb23d9-b9b3-4922-a693-c2b0be9fa9fe","block_type":"box","text":"97.44%","page_number":1,"box":{"x":416,"y":542,"width":45,"height":6}},{"id":"07e18ec8-03bf-467a-8174-063cf454daaa","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":573,"width":162,"height":10}},{"id":"56998850-93d9-4d92-a00d-feb43f295db0","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":588,"width":64,"height":9}},{"id":"3e69a24f-0606-4334-babe-7867bb9153be","block_type":"box","text":"2.12","page_number":1,"box":{"x":105,"y":612,"width":39,"height":7}},{"id":"287d13f4-c2bc-4951-a010-05fddcd60c37","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":641,"width":93,"height":7}},{"id":"6133b2ec-4041-4bfa-8e7d-c1f84045b1a4","block_type":"box","text":"89.70%","page_number":1,"box":{"x":182,"y":642,"width":46,"height":6}},{"id":"86c7f4ad-17f7-4071-952e-4b63b854811c","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":672,"width":133,"height":10}},{"id":"ebcf9fdf-4450-40b7-9ae3-79bf1e469948","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":675,"width":76,"height":6}},{"id":"1604ab44-2ee9-4f22-97ef-8ac045158ea8","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":691,"width":41,"height":6}},{"id":"bc47cf40-7f95-427e-8e91-a8f0cc2f1fd4","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":691,"width":93,"height":7}},{"id":"3027b982-42db-4753-8eb2-b067c03ecefe","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":705,"width":37,"height":7}},{"id":"6df0cfc1-7115-42af-9588-9adad7fb18f5","block_type":"box","text":"28.61","page_number":1,"box":{"x":322,"y":706,"width":37,"height":6}},{"id":"33f1f107-9baf-4b49-a1f0-7a0e4e99b7a4","block_type":"box","text":"98.26%","page_number":1,"box":{"x":438,"y":706,"width":45,"height":6}},{"id":"d04fdd7f-1bf4-4b65-8606-0f5bc051bde5","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":722,"width":41,"height":7}},{"id":"b4b0d2fc-ac64-47ec-af71-98ed693a0658","block_type":"box","text":"7.20","page_number":1,"box":{"x":330,"y":723,"width":29,"height":6}},{"id":"945da6d6-9bda-4eda-9e01-0337902bd4a4","block_type":"box","text":"98.26%","page_number":1,"box":{"x":438,"y":723,"width":45,"height":6}},{"id":"3315d42a-61f6-45e4-8450-9b62ac93dfc9","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":738,"width":41,"height":7}},{"id":"cbda4711-89a8-48d9-ab16-008db8ed0b46","block_type":"box","text":"369.70","page_number":1,"box":{"x":314,"y":739,"width":45,"height":6}},{"id":"696408b9-9ab6-44be-96c4-9af8b1ffc771","block_type":"box","text":"98.21%","page_number":1,"box":{"x":438,"y":739,"width":45,"height":6}},{"id":"498b9c29-57fa-49e2-8fb1-f258c3a3b62e","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":755,"width":52,"height":7}},{"id":"743284ec-33d9-431e-9928-14de22e38cfb","block_type":"box","text":"35.81","page_number":1,"box":{"x":322,"y":756,"width":37,"height":6}},{"id":"155b8e4d-a83e-475f-97a3-ca39d7871544","block_type":"box","text":"98.26%","page_number":1,"box":{"x":438,"y":756,"width":45,"height":6}},{"id":"1e938c21-cf26-49c1-9a67-876a597b1898","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":771,"width":66,"height":8}},{"id":"ae8e3857-887f-408e-b70d-b7dcaf251cd9","block_type":"box","text":"416.09","page_number":1,"box":{"x":314,"y":773,"width":45,"height":6}},{"id":"36504a44-2e37-4be9-85a3-2b4a3422b019","block_type":"box","text":"97.71%","page_number":1,"box":{"x":438,"y":773,"width":45,"height":6}},{"id":"557598b0-98b9-4d94-87cf-df6bb12e3c81","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":302,"width":177,"height":8}},{"id":"6821adba-aa00-4d70-86c1-8dd5f1dfb4c9","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":326,"width":42,"height":6}},{"id":"de584a09-b660-4db2-90cb-e63e18cb8db2","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":326,"width":93,"height":7}},{"id":"ca845277-9bc4-4461-932d-8bbcd0e7bdc2","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":340,"width":37,"height":7}},{"id":"24ba75e7-61ac-4665-8fd1-5e82391c5b7d","block_type":"box","text":"25,458.57","page_number":1,"box":{"x":772,"y":341,"width":68,"height":8}},{"id":"2dbd6f40-4bd3-43db-b597-16c77b83b9ab","block_type":"box","text":"98.26%","page_number":1,"box":{"x":903,"y":341,"width":45,"height":6}},{"id":"6d41472d-6d6a-4f9a-9c4c-5fd1ace7d6a1","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":357,"width":40,"height":7}},{"id":"708d4214-c7bd-4876-80ac-eca42acc5556","block_type":"box","text":"6,411.68","page_number":1,"box":{"x":780,"y":358,"width":61,"height":7}},{"id":"eb3159f6-a7f3-4e45-8a98-ba85a2e723ef","block_type":"box","text":"98.26%","page_number":1,"box":{"x":903,"y":358,"width":45,"height":6}},{"id":"883c60bc-91a7-4cf0-8fc8-67799762ffb5","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":373,"width":40,"height":8}},{"id":"5f90fe80-8b26-42d6-ad19-6686942324b6","block_type":"box","text":"328,828.77","page_number":1,"box":{"x":764,"y":375,"width":76,"height":7}},{"id":"7e7fdfa7-cd5e-49d6-af4d-34482f1f8265","block_type":"box","text":"98.21%","page_number":1,"box":{"x":903,"y":375,"width":45,"height":5}},{"id":"8df50430-612c-4392-8365-f813d7ec799f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":390,"width":51,"height":7}},{"id":"399e0466-f7c7-421c-b315-7fca15a1cbc6","block_type":"box","text":"31,870.32","page_number":1,"box":{"x":772,"y":391,"width":68,"height":7}},{"id":"9c4f1b19-d519-46e5-917b-3fbf288ae8d1","block_type":"box","text":"98.26%","page_number":1,"box":{"x":903,"y":391,"width":45,"height":6}},{"id":"79ad4bc4-dbc1-49ba-a011-0bf71a9f8a5f","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":433,"width":271,"height":11}},{"id":"63a7a133-dfac-4de1-8778-019a08013857","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":436,"width":77,"height":6}},{"id":"82af7534-3c65-49bb-91db-f41b5ec3b952","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":457,"width":42,"height":6}},{"id":"fb46d057-1b84-40e6-bf20-27c71fa41ec8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":457,"width":93,"height":8}},{"id":"a526ad0f-8480-4696-94cb-d4c4c8e2dbd0","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":471,"width":37,"height":7}},{"id":"17d2223d-06ae-4f5c-89f6-9817d1398d14","block_type":"box","text":"52.78","page_number":1,"box":{"x":803,"y":472,"width":38,"height":6}},{"id":"b63b9f5c-0911-4972-83d9-12c9204fc12d","block_type":"box","text":"98.36%","page_number":1,"box":{"x":903,"y":472,"width":45,"height":6}},{"id":"be928bdf-f9b1-42b2-b147-caecbb93a78f","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":488,"width":40,"height":7}},{"id":"b79cf7ba-c831-4e50-a67c-00efff0e2e9d","block_type":"box","text":"23.21","page_number":1,"box":{"x":803,"y":489,"width":38,"height":6}},{"id":"e0409cce-90d2-48f5-9c23-4e9c27f684b1","block_type":"box","text":"98.36%","page_number":1,"box":{"x":903,"y":489,"width":45,"height":6}},{"id":"3f86aa9e-0bf9-4fa9-95c2-be34209ff2ca","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":504,"width":40,"height":8}},{"id":"e865ef45-c5c6-4e3a-966f-d0a2a559a810","block_type":"box","text":"622.00","page_number":1,"box":{"x":795,"y":506,"width":46,"height":5}},{"id":"2e35a5ce-8747-456d-8a6f-1b9cff40959e","block_type":"box","text":"98.36%","page_number":1,"box":{"x":903,"y":506,"width":45,"height":5}},{"id":"9ecbe58c-73eb-4816-b8c0-c69b62c0ab6e","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":521,"width":51,"height":7}},{"id":"edb66993-f6ed-47af-bb66-bad7c1fa3e74","block_type":"box","text":"75.88","page_number":1,"box":{"x":803,"y":522,"width":38,"height":6}},{"id":"e45cbf8f-e646-480b-a1f5-4829331ccd6c","block_type":"box","text":"98.36%","page_number":1,"box":{"x":903,"y":522,"width":45,"height":6}},{"id":"b32399e8-160b-4704-b0e6-3342d35b338b","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":538,"width":66,"height":7}},{"id":"721257c4-e71b-4e7c-ae72-c6fe9bb28eae","block_type":"box","text":"704.49","page_number":1,"box":{"x":795,"y":539,"width":45,"height":6}},{"id":"6277fc7e-9021-4b99-853f-d21bd8693485","block_type":"box","text":"98.36%","page_number":1,"box":{"x":903,"y":539,"width":45,"height":6}},{"id":"5cbf78e5-d43f-43ba-b1c1-d0afb557622e","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":580,"width":189,"height":10}},{"id":"ac609f49-eee0-4afa-af61-a45826bbf9d6","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":606,"width":82,"height":7}},{"id":"ec27aefc-9fbe-4446-bde7-dc95e6b757b8","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":606,"width":42,"height":6}},{"id":"cbe5997d-a80a-484d-9ef8-b16c05c1ff01","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":606,"width":93,"height":7}},{"id":"895352d7-e43c-46f1-9bf2-fc6d7c39bf76","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":620,"width":127,"height":7}},{"id":"5ae73274-b59c-4047-a70d-57e965bc9b7e","block_type":"box","text":"-14.64%","page_number":1,"box":{"x":789,"y":621,"width":52,"height":6}},{"id":"5d9ab685-179b-4910-a764-9fdc0e1f5bec","block_type":"box","text":"89.90%","page_number":1,"box":{"x":903,"y":621,"width":45,"height":6}},{"id":"5f5205b3-39ab-4d16-9593-488861396bbd","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":636,"width":134,"height":8}},{"id":"c243cf14-a54b-4e8c-b7bc-b40031b7cb81","block_type":"box","text":"-4.78%","page_number":1,"box":{"x":797,"y":638,"width":44,"height":5}},{"id":"c70de980-8666-49d9-a766-68b0a1ef1dad","block_type":"box","text":"89.90%","page_number":1,"box":{"x":903,"y":638,"width":45,"height":5}},{"id":"009605be-661b-4024-9d45-e45e39cab397","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":653,"width":79,"height":7}},{"id":"f02969d5-c058-4a8d-9ca7-14e7afd80ce2","block_type":"box","text":"-3.11%","page_number":1,"box":{"x":797,"y":654,"width":44,"height":6}},{"id":"484afe7b-1ff5-4911-95c7-9bb3a7081226","block_type":"box","text":"89.90%","page_number":1,"box":{"x":903,"y":654,"width":45,"height":6}},{"id":"7e6c089d-4d7d-4baa-981b-75115f9e0264","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":670,"width":164,"height":7}},{"id":"dd83b09f-9d13-4606-b59e-afd94dcf34d0","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":686,"width":127,"height":8}},{"id":"6923b8b2-d433-47ea-9cde-c3f7d8f66eb1","block_type":"box","text":"1.89%","page_number":1,"box":{"x":803,"y":687,"width":38,"height":6}},{"id":"6114d9df-f6cd-42f5-8bf5-538f9cfdc655","block_type":"box","text":"79.26%","page_number":1,"box":{"x":903,"y":687,"width":45,"height":6}},{"id":"c8ac5e27-819d-4a69-a849-8343f585c671","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":703,"width":134,"height":7}},{"id":"f08c135c-b9a3-407e-9690-06f458e823b4","block_type":"box","text":"0.38%","page_number":1,"box":{"x":803,"y":704,"width":38,"height":6}},{"id":"a3c6b0dd-e619-47e3-b38b-7528be0fcba9","block_type":"box","text":"79.26%","page_number":1,"box":{"x":903,"y":704,"width":45,"height":6}},{"id":"c5e767b6-0c15-4e53-a21f-8703d362d46d","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":719,"width":79,"height":7}},{"id":"0ca48e8c-f9e4-4619-9f74-4800cb50b49d","block_type":"box","text":"0.41%","page_number":1,"box":{"x":803,"y":721,"width":38,"height":6}},{"id":"96e6f68d-bcd9-4763-b36a-fc564383db3f","block_type":"box","text":"79.26%","page_number":1,"box":{"x":903,"y":721,"width":45,"height":6}},{"id":"8c81f9bd-9b46-43cb-805f-6761c1310ac2","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":736,"width":95,"height":7}},{"id":"17f93c0c-3f16-4e94-8b66-b576fa2baf9e","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":753,"width":127,"height":7}},{"id":"50170bb4-dabd-42b2-819a-ee29725d4b08","block_type":"box","text":"-0.27%","page_number":1,"box":{"x":797,"y":754,"width":44,"height":6}},{"id":"3ac77727-a7ca-4ecc-88f6-c974e21ca76d","block_type":"box","text":"89.68%","page_number":1,"box":{"x":903,"y":754,"width":45,"height":6}},{"id":"794947c9-0231-4fdc-b673-bf9e2f686344","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":769,"width":134,"height":8}},{"id":"6932481a-d623-466e-b6c7-ce0de93be887","block_type":"box","text":"-0.59%","page_number":1,"box":{"x":797,"y":771,"width":44,"height":5}},{"id":"a7569fb5-c60f-47ea-88a1-ea77b486b923","block_type":"box","text":"89.68%","page_number":1,"box":{"x":903,"y":771,"width":45,"height":5}},{"id":"bfe29ede-9fda-4f54-a9a8-458dfed335bd","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":786,"width":79,"height":7}},{"id":"8633364f-7438-4503-ae86-8061f4d663b8","block_type":"box","text":"-0.94%","page_number":1,"box":{"x":797,"y":787,"width":44,"height":6}},{"id":"c631beb4-c940-41d2-af4c-0e5ad7285da9","block_type":"box","text":"89.68%","page_number":1,"box":{"x":903,"y":787,"width":45,"height":6}},{"id":"9ec3cca1-9ad1-4d26-8bba-f968b29ddf25","block_type":"box","text":"Report ID: 5592809.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"86c030ad-5dec-45b7-a9ea-82e0c7a343f4","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"45234818-a2ab-4417-bae1-ff3068d82c35","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"5f1527d8-3ed5-4228-aebc-60340e9ba6ee","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"85aa0140-a06d-4447-b8f3-74580fdc1530","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"3a79c8e3-d8fe-4b97-9fde-77efdceed62b","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"32dfccaf-3e18-4c5d-8b99-1ad2a5efef73","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"4f68f25f-da79-44c4-bf3a-b8a1c2885e00","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"1da2431c-b2ae-4fd0-bb27-71e28678e90a","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"fe666551-0561-4e06-a824-6f5bc8e2fa14","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"1bc12ec0-9c1c-4ac0-8097-b0ed57c5e56d","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":"a3314343-756c-4e08-a6d8-ddbd9d2e2ace","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":"76028c1d-358b-44e1-b4b6-d89795cd2bbe","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"7fe08749-9f8e-4940-9278-7339b823bfab","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"df1df787-78ab-4520-8fe7-2529f1035ad2","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"fc585acb-2140-43e8-b341-a95853bc9fe6","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"4a40df3a-1c8f-481f-90e7-665ecca949c4","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":"6f383d3e-b384-4735-bd6b-45623e5f842e","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"5bde9a79-427c-49ca-9d5c-d1500d9c42f1","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"643a07f1-61de-4021-a864-09ff35816c54","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"e75a859f-975c-44ea-85e6-0130e2994d67","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"c5011cb2-e945-46aa-ab31-a727848e72a7","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"9318c522-e447-4174-984b-ede89e26cdfd","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":"5964e133-d3ae-4f5e-a0c5-5759a4eebdfe","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":"7e0b95e5-0641-4d22-b6e4-061e7d8d9647","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":"1a602ffc-341c-4a36-b9b6-291dc0c279ca","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":"b22383eb-4821-4325-942f-867649be9329","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":"fc507ac5-d0a0-4529-b011-cdba99c18cda","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":"96c0af8c-52cf-48c7-bc2a-5f44feadbdbe","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"a69e7661-6da5-48d8-942f-791cf35fbab6","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":311,"width":110,"height":7}},{"id":"31dd5e9c-7c0a-40a6-a1a5-579181eda191","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":311,"width":287,"height":9}},{"id":"853dfb1f-8ec8-4471-8e82-dc3a841b091a","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":324,"width":425,"height":9}},{"id":"eaf07355-d792-4eba-9206-e0a418928e1a","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":337,"width":411,"height":8}},{"id":"07f96897-3b7b-4b80-b522-19256be24cad","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":350,"width":426,"height":8}},{"id":"699c46b6-dcc7-4d1d-9ff7-453447342c09","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":362,"width":415,"height":9}},{"id":"fca8db14-f378-4237-957a-e989d02824d0","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":375,"width":419,"height":9}},{"id":"ee12bcc7-354b-4fcc-bfb0-caa58315368d","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":388,"width":76,"height":7}},{"id":"55a510d5-41f8-4ffc-aee9-8cc48c936b90","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":406,"width":155,"height":7}},{"id":"f0d9d089-405c-4c4c-92e6-22a39ae3f9ab","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":406,"width":225,"height":8}},{"id":"68b1c13f-3c14-4f11-8d33-dccecae0ef1d","block_type":"box","text":"Security with Brown Revenue for the Portfolio.","page_number":2,"box":{"x":51,"y":418,"width":271,"height":9}},{"id":"7029c9d2-6fde-4a35-9fbc-9c6ae758c8a9","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":176,"height":7}},{"id":"d05393c7-5b07-489b-a1eb-07735036d85d","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":436,"width":243,"height":9}},{"id":"c90841a4-191a-4a2c-992c-c817dd8a7210","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":448,"width":413,"height":9}},{"id":"18dd377f-96b7-4ba4-bc46-d841a898941b","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":461,"width":241,"height":9}},{"id":"9c4ba023-2c20-4281-90f9-3b1381988b90","block_type":"box","text":"Green Bonds:","page_number":2,"box":{"x":51,"y":479,"width":86,"height":7}},{"id":"74c93117-1539-4580-ad7b-79b69ba1cea4","block_type":"box","text":"The Climate Bonds Initiative (CBI) defines green bonds","page_number":2,"box":{"x":140,"y":479,"width":325,"height":9}},{"id":"fd4b152a-d6c3-4da3-80e1-e2b709381001","block_type":"box","text":"as debt instruments that finance projects with environmental benefits,","page_number":2,"box":{"x":51,"y":492,"width":415,"height":9}},{"id":"c66eb97c-6414-4b89-ae49-a301c7323116","block_type":"box","text":"and the CBI Green Bond Database uses a methodology to evaluate","page_number":2,"box":{"x":51,"y":505,"width":397,"height":9}},{"id":"1459f1f0-1907-46d7-9ad3-037f555c4508","block_type":"box","text":"and categorize projects as green.","page_number":2,"box":{"x":51,"y":518,"width":196,"height":8}},{"id":"495a7255-cafb-4fe2-8299-c939a214c6dd","block_type":"box","text":"The CBI’s methodology includes the","page_number":2,"box":{"x":251,"y":518,"width":213,"height":8}},{"id":"05431bc4-8771-481b-9714-033df45f06c0","block_type":"box","text":"following criteria:","page_number":2,"box":{"x":50,"y":531,"width":101,"height":8}},{"id":"ac41a239-9806-45a9-b47c-e42752affe7f","block_type":"box","text":"Self-labeling:","page_number":2,"box":{"x":91,"y":548,"width":84,"height":9}},{"id":"fc5d9212-4145-4b47-b344-566c0352a91d","block_type":"box","text":"The issuer must consciously label the instrument","page_number":2,"box":{"x":178,"y":548,"width":291,"height":9}},{"id":"03d82de9-4498-4ab6-acc9-36938b006cc9","block_type":"box","text":"as a green bond.","page_number":2,"box":{"x":91,"y":561,"width":97,"height":9}},{"id":"f4c72b7d-379e-4ee3-aa23-b8f152ff310d","block_type":"box","text":"Public disclosure:","page_number":2,"box":{"x":91,"y":579,"width":112,"height":6}},{"id":"65775dff-8034-4d2b-a7f1-07ab76f795b6","block_type":"box","text":"The issuer must provide sufficient information","page_number":2,"box":{"x":206,"y":579,"width":272,"height":8}},{"id":"de8d0f64-2435-4285-af24-42611ddcaffe","block_type":"box","text":"to determine if the financed assets are green.","page_number":2,"box":{"x":91,"y":591,"width":267,"height":9}},{"id":"540f1e4e-6163-48e3-a303-101df292d730","block_type":"box","text":"This includes","page_number":2,"box":{"x":362,"y":591,"width":78,"height":7}},{"id":"5c48d5a9-41bf-4d3c-bc25-ae77ab4177db","block_type":"box","text":"information such as the amount outstanding and closing","page_number":2,"box":{"x":92,"y":604,"width":332,"height":9}},{"id":"df8a20f9-5d6f-4d4c-9033-0f45c20e989c","block_type":"box","text":"confirmation.","page_number":2,"box":{"x":91,"y":617,"width":78,"height":7}},{"id":"2746d369-5d56-420a-8cc8-1c7cad523987","block_type":"box","text":"Eligible sectors:","page_number":2,"box":{"x":91,"y":635,"width":100,"height":8}},{"id":"82287cc1-3c21-485b-9f6f-136260845f1b","block_type":"box","text":"The financed assets must be in eligible sectors,","page_number":2,"box":{"x":195,"y":635,"width":279,"height":8}},{"id":"d495694d-5fa6-497e-994c-bad4f9c7d453","block_type":"box","text":"such as energy efficient products and processes, or non-energy","page_number":2,"box":{"x":91,"y":647,"width":378,"height":9}},{"id":"a6ccb19f-cc0f-4c4d-853a-a3b3c660e14c","block_type":"box","text":"GHG reductions.","page_number":2,"box":{"x":91,"y":660,"width":100,"height":7}},{"id":"c0e62af1-897c-4360-9ebf-dba7fe626df2","block_type":"box","text":"Eligible use of proceeds:","page_number":2,"box":{"x":91,"y":678,"width":154,"height":9}},{"id":"f665038c-18ee-4209-af20-b07078e8a230","block_type":"box","text":"The proceeds must be used for eligible","page_number":2,"box":{"x":248,"y":678,"width":230,"height":9}},{"id":"3099fdfa-5f8c-43b3-84c9-5769852c09bb","block_type":"box","text":"purposes.","page_number":2,"box":{"x":92,"y":693,"width":57,"height":6}},{"id":"7ad28b1d-4fe2-44ea-88e9-6895ff37f60b","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":51,"y":708,"width":122,"height":7}},{"id":"34c1e25b-41c6-4d6e-900c-2a4577efb174","block_type":"box","text":"Market Value of Securities with Green Bonds as a","page_number":2,"box":{"x":177,"y":708,"width":292,"height":7}},{"id":"a606a068-2a47-464a-ba30-53dabfbd90f7","block_type":"box","text":"Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":51,"y":721,"width":405,"height":9}},{"id":"f30b966c-e4fe-418b-af54-0404c4494a84","block_type":"box","text":"Green/Fossil Fuel Based Revenue Ratio - MSCI:","page_number":2,"box":{"x":51,"y":738,"width":298,"height":8}},{"id":"95e3ac97-0028-4566-8166-c9d7d3b4d53d","block_type":"box","text":"The Sum of Green","page_number":2,"box":{"x":353,"y":739,"width":108,"height":7}},{"id":"ec19ce0e-41e5-464f-b658-e3c682e384fd","block_type":"box","text":"to Fossil Fuel Based Revenue Ratio on the Portfolio level and the Sum of","page_number":2,"box":{"x":50,"y":751,"width":425,"height":7}},{"id":"f925d581-d6aa-4ad0-9ee4-53cd3cb4974b","block_type":"box","text":"Green to Fossil Fuel Based Revenue Ratio on the Portfolio level.","page_number":2,"box":{"x":51,"y":764,"width":373,"height":7}},{"id":"2f92c091-d3bf-4dbf-88e5-3ffae7528f34","block_type":"box","text":"Companies with SBTi /Approved Targets – MSCI:","page_number":2,"box":{"x":51,"y":782,"width":311,"height":9}},{"id":"e4692424-5315-40cc-9cd5-971099c51932","block_type":"box","text":"The percentage of","page_number":2,"box":{"x":366,"y":782,"width":111,"height":9}},{"id":"aebceaee-22c2-4d32-ae43-4d9c8cb3f58d","block_type":"box","text":"the fund’s market value exposed to issuers that have carbon emissions","page_number":2,"box":{"x":50,"y":795,"width":419,"height":8}},{"id":"34b7a6d9-3758-4754-ab61-5052ac9d630c","block_type":"box","text":"reduction targets approved by the Science Based Targets initiative","page_number":2,"box":{"x":51,"y":807,"width":396,"height":9}},{"id":"17796872-0a4f-4bab-a64b-a0f5c10e8e58","block_type":"box","text":"(SBTi) on the Portfolio level.","page_number":2,"box":{"x":51,"y":820,"width":166,"height":8}},{"id":"a54255f1-185f-4a7f-a2ad-b66054890858","block_type":"box","text":"Low Carbon Transition Score – MSCI:","page_number":2,"box":{"x":51,"y":838,"width":237,"height":7}},{"id":"9d095423-477d-4a8d-96f8-2bd2109ad9d9","block_type":"box","text":"Score calculates a company’s","page_number":2,"box":{"x":292,"y":838,"width":177,"height":9}},{"id":"dbbce2c4-8120-4299-890f-9edd74f5681f","block_type":"box","text":"climate transition risk by aggregating Scope 1, 2 and 3 emissions,","page_number":2,"box":{"x":51,"y":851,"width":382,"height":8}},{"id":"6207c188-ebfe-428b-83c3-c4655224c355","block_type":"box","text":"emissions avoided, and the quality of the company’s climate","page_number":2,"box":{"x":51,"y":864,"width":354,"height":8}},{"id":"311aca4f-6a2d-45fb-ad83-9b02bea53f01","block_type":"box","text":"management into a score between 0 (highest risk) and 10 (lowest risk).","page_number":2,"box":{"x":51,"y":876,"width":416,"height":9}},{"id":"ec866b92-efcf-47cd-afb9-fb28c15142bb","block_type":"box","text":"Companies with higher Low Carbon Transition score are more aligned","page_number":2,"box":{"x":51,"y":889,"width":414,"height":9}},{"id":"763eb51d-fa95-45d5-ac2c-3cccab183cd3","block_type":"box","text":"with the Low Carbon Transition compared to the companies with lower","page_number":2,"box":{"x":515,"y":95,"width":420,"height":8}},{"id":"bf447a0f-c0d0-4743-b291-6e9ab8e1b8b9","block_type":"box","text":"scores. Score calculated at the Portfolio level.","page_number":2,"box":{"x":515,"y":107,"width":270,"height":7}},{"id":"abe3ef2a-f01f-4259-8244-1ed8093ff05f","block_type":"box","text":"Carbon Footprint:","page_number":2,"box":{"x":515,"y":125,"width":114,"height":9}},{"id":"5cf709e4-63b7-40b2-835b-b2d10caa747b","block_type":"box","text":"Scope 1+2+3- (t CO2e/$M EVIC) – MSCI:","page_number":2,"box":{"x":556,"y":142,"width":256,"height":9}},{"id":"48cbb028-3bbb-4f31-8bbb-a261ccad3065","block_type":"box","text":"Weighted average","page_number":2,"box":{"x":815,"y":143,"width":108,"height":8}},{"id":"cc2f1dc7-8935-4c62-9ba1-c285f3eb8746","block_type":"box","text":"Scope 1, Scope 2 and Scope 3 carbon emissions intensity","page_number":2,"box":{"x":556,"y":155,"width":340,"height":9}},{"id":"0629e5e6-0fba-43a4-89be-a5bc1e2a4aa4","block_type":"box","text":"normalized by enterprise value including cash.","page_number":2,"box":{"x":556,"y":168,"width":273,"height":9}},{"id":"63dafe05-3c34-4b31-86a4-d03d067fd9b3","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":186,"width":202,"height":7}},{"id":"1ba6eaff-2129-4578-a585-46c9206b8819","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":721,"y":186,"width":203,"height":7}},{"id":"038f260b-2621-43f9-a66f-c3a6c2a827b3","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":515,"y":199,"width":425,"height":8}},{"id":"e7869754-5476-4ac1-927c-36e66c163f25","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":516,"y":212,"width":418,"height":8}},{"id":"9fe8622f-6b4f-4329-854a-080ab149a4e5","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":516,"y":224,"width":425,"height":9}},{"id":"829477b5-e7cd-4a06-b3b6-b275e6d3c5fa","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":516,"y":237,"width":432,"height":9}},{"id":"994bcfe6-40de-45a9-a7dc-42cd20824449","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":515,"y":250,"width":415,"height":9}},{"id":"7292705e-aa16-4f97-8fa8-f67b11e31772","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":515,"y":263,"width":419,"height":9}},{"id":"abeb1fe0-27dd-4a03-aeba-575f989b64ed","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":516,"y":276,"width":398,"height":8}},{"id":"8cb82231-a7cf-45b8-afc4-a93a87113fde","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio.","page_number":2,"box":{"x":515,"y":288,"width":391,"height":9}},{"id":"d1e042a8-f81c-45a5-9097-60fadd3b682b","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":306,"width":47,"height":9}},{"id":"5674c9a7-414c-4bb4-ac41-8da3f188d783","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":306,"width":322,"height":7}},{"id":"7e702794-111d-41b9-9480-7ef7327df54c","block_type":"box","text":"owned or controlled by the company. Data","page_number":2,"box":{"x":556,"y":319,"width":251,"height":9}},{"id":"6203326a-2748-4432-bbfe-9424b585cc32","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":336,"width":51,"height":9}},{"id":"11d20afd-48e6-4949-a04e-22f65e99bf75","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":337,"width":317,"height":6}},{"id":"ad8ccb2f-e1a1-44ca-b5f6-1e0a77f81293","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":349,"width":388,"height":9}},{"id":"dd79f540-7575-48a9-a325-b49ba8ed0c4f","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":362,"width":383,"height":7}},{"id":"2f1c903b-76c1-4075-8b83-0fe1c77a2fa1","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":375,"width":391,"height":9}},{"id":"18db664d-c134-4dde-a402-ae1d5d5f2fb1","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":388,"width":43,"height":7}},{"id":"9b3b6e27-91d8-4336-82bd-164e115e43c2","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":405,"width":51,"height":9}},{"id":"10889627-7605-4535-94c5-31354d2a0a0e","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":405,"width":332,"height":7}},{"id":"7fcc5119-1a1f-412a-9f6d-7382768270a5","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":418,"width":386,"height":9}},{"id":"0c63a66d-466d-4b04-a939-4fb58d59b9c4","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":431,"width":44,"height":7}},{"id":"ab17dacf-97a4-4ee4-b41f-8f46a7060199","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":515,"y":449,"width":277,"height":8}},{"id":"6ff76925-1372-4f45-bb19-9e8ac046c6ae","block_type":"box","text":"Scope 1+2+3 -","page_number":2,"box":{"x":796,"y":449,"width":89,"height":8}},{"id":"ed90ae57-bf67-446e-91b3-46074a10280e","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":461,"width":422,"height":9}},{"id":"e4272f59-78f0-44f1-8343-e587a4889429","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":473,"width":394,"height":10}},{"id":"d561d30e-8c51-4b43-abff-40fcbae55418","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":487,"width":426,"height":9}},{"id":"9ad70e39-6806-44d3-b3fd-f7265734e0de","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":500,"width":112,"height":9}},{"id":"03735273-9e54-4a22-80da-78d1c62ae388","block_type":"box","text":"Please note that the scope 1+2 and scope 1+2+3 values for Total Carbon","page_number":2,"box":{"x":516,"y":517,"width":428,"height":9}},{"id":"d2422ef5-9fc6-4340-b9c9-bbc1f8ccf124","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":530,"width":412,"height":9}},{"id":"dfbd3e03-9914-492d-b721-e0f30f1e7b38","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":543,"width":274,"height":9}},{"id":"a26e09fd-dae7-4cf9-b9f6-613e0896f500","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":543,"width":122,"height":9}},{"id":"302e7f95-5892-43b2-a249-d3a626d265b4","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":556,"width":74,"height":7}},{"id":"85eda534-67ac-45bf-88bf-35ce2a9d3f3e","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":556,"width":318,"height":9}},{"id":"2a6848cb-1187-4f33-976e-038fd4a2c71c","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":569,"width":44,"height":7}},{"id":"972dbaab-63af-4d0f-8fb9-1ec0e47ede5d","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":569,"width":335,"height":9}},{"id":"adf1a726-13c1-4faf-b046-fc55e4cb888b","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":582,"width":349,"height":8}},{"id":"db22d110-a9a1-4c6e-86a8-fae2930f718a","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":582,"width":40,"height":7}},{"id":"bbdfc25e-ffe3-46bc-9284-e730b5671463","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":594,"width":422,"height":9}},{"id":"71d4b476-e53a-4dca-8ec5-e9cf5303ee8c","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":607,"width":337,"height":9}},{"id":"0363f7e4-9cc4-4ab2-aedf-8c337d0a7ddb","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":625,"width":244,"height":8}},{"id":"e78dd5dc-b022-4b56-a5ff-1947e0df1d79","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":625,"width":125,"height":7}},{"id":"e6da04d9-895a-457b-8459-de5aa86560eb","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":637,"width":405,"height":9}},{"id":"9ec0473a-316a-42f9-adf2-3f336fc84985","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":650,"width":412,"height":9}},{"id":"e967dfd8-869a-452a-bdd3-0865e94fc6e1","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":663,"width":419,"height":9}},{"id":"f706dcbe-9dda-495a-a900-8595d3122f08","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":676,"width":424,"height":9}},{"id":"80303e41-6b80-4b59-afab-cfe955bfeb6b","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":689,"width":406,"height":9}},{"id":"fa28567e-df66-4b9e-994a-81027d6c66ce","block_type":"box","text":"temperature to an increase of no more than 1.5°C in the year 2100","page_number":2,"box":{"x":515,"y":702,"width":388,"height":8}},{"id":"0da290a9-f23e-4efc-9c33-5bc3293a6b15","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":715,"width":433,"height":8}},{"id":"322bc22c-d3c1-4fdd-90fe-9542707d09c9","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":727,"width":418,"height":9}},{"id":"e332ba97-a59b-4103-9b10-22ead618fa56","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":740,"width":417,"height":9}},{"id":"6af492e2-a9b0-42dc-8308-d9f259dc497e","block_type":"box","text":"fair shares by a similar proportion, by 2100 we would end up in a world","page_number":2,"box":{"x":515,"y":753,"width":412,"height":9}},{"id":"334c0be1-f9fe-48f6-a652-4be06a0031ae","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":766,"width":411,"height":9}},{"id":"e00b3cd3-f131-452d-a6ee-36bc70543e26","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":779,"width":425,"height":9}},{"id":"3f872082-03f9-451f-b5a1-10b29487c22e","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":792,"width":433,"height":8}},{"id":"6ea9e091-a472-4b7b-830c-17f635191376","block_type":"box","text":"to evolve and mature.","page_number":2,"box":{"x":515,"y":805,"width":127,"height":6}},{"id":"489938b1-a305-4355-ab4d-77c340294740","block_type":"box","text":"Portfolio:","page_number":2,"box":{"x":556,"y":822,"width":58,"height":7}},{"id":"0f2f52f3-0202-46ba-86bb-94d44933d890","block_type":"box","text":"Implied Temperature Rise aggregated at the Portfolio","page_number":2,"box":{"x":618,"y":822,"width":315,"height":9}},{"id":"9480e149-f450-4e52-9089-505039d8fcfc","block_type":"box","text":"Level.","page_number":2,"box":{"x":556,"y":835,"width":34,"height":7}},{"id":"cd364401-7ac8-48df-aed7-34b3f7caf2f6","block_type":"box","text":"Climate Value at Risk- MSCI: (Climate VaR)","page_number":2,"box":{"x":515,"y":852,"width":273,"height":8}},{"id":"71679d29-1a85-4d06-8954-954a90912a61","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":853,"width":144,"height":6}},{"id":"295b0c58-d504-4a2a-8443-d5764e62e852","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":865,"width":426,"height":9}},{"id":"01a8fe69-3121-4c2f-b01d-5a9dfe9a94c2","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":878,"width":431,"height":9}},{"id":"8239e8d4-9581-49cc-8dde-a487c4102a2f","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":891,"width":210,"height":9}},{"id":"b167e8f6-8a43-47bb-a5b0-8431187bde1f","block_type":"box","text":"click h","page_number":2,"box":{"x":729,"y":891,"width":37,"height":7}},{"id":"395c95af-434a-40e3-9889-3ca80ad36173","block_type":"box","text":"ere","page_number":2,"box":{"x":767,"y":893,"width":19,"height":5}},{"id":"6a8bf819-7d47-41e4-9f70-e88dd636d651","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":897,"width":2,"height":1}},{"id":"00b291b2-2e4a-485f-80e4-2fe4c5d82653","block_type":"box","text":"Report ID: 5592809.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"e4ac9470-42fd-4d33-8f79-0e97037e7ce7","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"a6854ebf-e101-4f7c-a5c4-0f869f105d92","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"a3483e3e-1cfd-4f96-bf2e-9b6ab60aaac9","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"6f514432-c87a-44e1-85c6-f53a6aaaf24f","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"b7eb7732-a507-420e-b098-571ed029c90b","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"6226f90b-9e2e-4e68-8dac-2cb2003f2056","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"19ace25c-1f13-44a2-a098-90821187e4b5","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"da655904-5ead-403c-9caf-71a12db990d1","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"46d738ad-99dd-408a-8dd4-37ba3f22cdb6","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"fc1b2762-2d1f-410a-a3b5-24feeb28bbbf","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":"b7a4f48d-814f-45af-8d03-4488d21e60f6","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"304c8888-5068-4a8a-ba75-3595ec861acf","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"0dac1616-e65d-466d-b1aa-393fd654e085","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"f5dac74b-1bb5-4cd5-87cc-1170f63db917","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"2d392b41-7299-4eb2-a118-e1141582122d","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"cb46e99a-38d8-47af-9a8f-63689cd66aa1","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":"2b1a1c6e-77f3-41ac-b3c7-51b05eb0f516","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":"6e27508d-a825-42e5-9a01-ac224266fe58","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":"739cdffb-19b4-4f07-8481-d184669f6785","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":"bf591371-cfad-4842-8c57-554dc3e37a26","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":"4a7f6afc-a4c3-4e7a-b3cf-43eb73791514","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"3ba2a857-d9d2-4cc7-b00a-c94746e2ae86","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":"bf36223d-410e-4b31-bc00-7a622ff7b920","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":"4a808763-0f06-436f-ade9-ab0c46343700","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":"e8b8652d-97d5-4c3f-8276-c2bad725c6b6","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"4f128f49-04d4-4db4-905c-4456ff109d47","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":"ac5476d8-54da-49f0-9c35-4fb0a9525923","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":"db61458e-f3cc-49ac-ab64-4fea8e888a2b","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":"e4cfae1e-7f17-4dce-aac8-cc8096707391","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":"2fef28af-2c6d-4e78-92f5-001a120fbaaa","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":"38a3a0d3-b467-42c1-ae08-59f9b5f07848","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":"c1d97670-e06f-4d80-995a-a1556db7e6e2","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":"e64b0059-ccd6-4528-b910-961a8836a920","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":"1afc91a8-be01-4db4-9a11-58028007f5ec","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":"07b7d66e-ceaa-4d90-a79c-e4dd2aa9c731","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":"8c5d8fce-14ad-4edb-928c-2d4ff71c3c7d","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":"c42153dd-760b-4b74-b4a1-e091c99bd1bc","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":"2cf76164-a5b5-4e44-9aa9-b08efe6d5950","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":"df495fbb-3646-4914-ad5a-daf2f97c5314","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":"3aea42f3-1a98-4e0b-902a-f4fcad8d5e36","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":"1f1b97c8-d201-48c3-a209-fa9d4a4c2a91","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"eb84a3ab-899b-4698-9ffc-be0377dadb35","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":"52a224cb-58b4-4da4-b31b-d2876c348542","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":"54b03cfe-afae-4f0b-9823-ae1c740f021c","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":"c31d16d9-4453-4ddc-82f2-3f8d0ea1f015","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":"d3b12f09-eb5a-421a-8816-6010193d47c2","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"bac97960-e0a2-4f81-8141-7dee1670f972","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":"804d3caa-2958-4c47-b0a7-991fbc8adf62","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":"81a483f3-5690-4eaf-8584-1f63e26b819c","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":"5fcd17bd-e200-4ebd-b6c6-e62d08b2e11c","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":"d389faed-b072-4d91-822f-74e733315f11","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":"cbe000d4-cf8c-4d94-a849-81d94fbe4150","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":"b1ebaa82-bf52-406d-98e7-3af37741baa9","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"70e34a93-b3ac-459f-a80d-14c3c0a909d6","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":"60f1514e-ba83-4f2c-97e0-273dd74ccfcd","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":"4de9f88e-4949-4d5e-9e75-0725434397f5","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"fb9466fd-fa41-482b-93bb-0450b6d9d204","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":"f2f24204-870f-4be3-ae2d-36cbb8557a68","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":"13a41d9d-7832-4eda-9804-c6db7cf8a8fc","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":"7fafd8fa-c569-4147-9a5f-ae0aba4a3073","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":"c0b520dd-acb9-4180-b64d-002c25402f1e","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":"461eecba-47cb-4e5c-8e81-1f0e075a1496","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"7d769051-3475-44fc-8141-4df3d37e6df3","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":"d8684464-3d05-4968-9f38-f55248890239","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":"0fd478a9-f634-4ae1-a88c-7919c28dbfb1","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":"ee5b97ef-74e5-46b2-b75f-e59969b07947","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":"1fa7109a-129d-4ef0-ace0-e3fc785bda02","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":"873c06e1-b01a-443c-97a3-914cdfdeb373","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":"a33e41ac-5e70-4d01-b11b-2291b13dbb9a","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":"e50dd3f8-3027-4a9c-97a8-e8c2e2413c3d","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":"6a493a31-a2dd-4275-9e82-b7c67ec26e37","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":"567227ce-e56c-475b-83c3-1c942b32cc65","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":"6afbee43-2e66-43b8-81fc-a6d1f6a39b90","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":"b5451ba6-9e2a-44f7-9b45-3439c62142e1","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":"595f6628-a9c4-4758-99b1-b786fe307927","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":"edb7191d-c293-46e5-8df9-0951326605f0","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":"a7d300f1-4952-492e-b7ff-8551cc303a62","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":"fcadbada-ebcb-4a18-af9b-a1e8fe711ff0","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"922f7130-cedf-46e4-b797-c2cd111d1c61","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":"310be16b-8b0e-4d0e-9fc7-1dd542dec299","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":"9e884269-7038-475c-a214-498419a8b307","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":"63aecc01-1a49-45e8-8497-0450eb27faba","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":"0a3dc6ba-b665-4a75-9dbf-bf6529847c67","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"206cd1bc-738d-4418-9887-4ccdd81c1aca","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"9d37dd44-af82-49fe-bc11-faf17093fc9a","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":"184791f4-2d40-4983-a321-1acc66af1ac6","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"68453e3c-cf50-4ac1-aa0d-f5dbe7ee9024","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":"d567aa4c-502c-4629-aa72-9b7319915ada","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":"7d27bb12-6ca8-4ac7-9ea6-46acecc13425","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"0cc56f77-0695-4d0d-ba18-ef1596091362","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":"bf6a1f6f-eea9-429d-be42-3eec7aa5f173","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":"f57b3858-f541-4a30-99ba-a6535ce2b995","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":"81d83f3a-def5-4ebd-91ca-61e419688166","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":"a35080f3-1dc8-4b2d-9cdf-785dcc051fb8","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":"029d47ad-33db-49f3-be8e-610246fb899d","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":"1ebbe608-1256-427e-af2a-f196339503f8","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":"8e19a46e-3018-47b9-8c84-bd63d097efa9","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":"a1f6e2a1-55dc-4842-a21b-a588ca55bcda","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":"21ac02d7-3742-4f6e-b93d-d429063bef2d","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":"c34e894e-9fd0-4d6e-a492-2c18a267b4d2","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":"0c398ae0-1233-4e18-b9a2-0b96c685ecde","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":"ec835e28-3302-4773-94fb-b950957d1e9c","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":"bb9e14ba-099e-4ba1-8c30-5c15c9163d9e","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"18a2e9d7-92bf-443a-93f9-b543bed93d9c","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":"89149712-2b5e-4aee-b5ba-854557fc33c4","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":"ff4f01b4-0243-4ffb-8ee4-5b438ca1c8ef","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":"ea6e1d9f-b4c3-4670-9b86-74a9b68b133c","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":"1cc02ddd-a791-4e1e-8dd8-f473b545337b","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":"7e3e9c03-e7fe-49df-ba40-05c7b258a134","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"53bd27b7-9730-4da5-b1ca-88b3ca396ec4","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":"b60ba6ea-c743-4eef-87fc-18db847a1aae","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":"be4155e5-e81a-4e9c-85ff-8ce289c39a63","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":"6cdebe6b-e426-4e27-a306-dca4a768ab99","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":"fd170277-b425-4794-9c39-218faceadbb8","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":"0f9522c8-76ec-47d2-bda3-a7644aa4f507","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":"9ce93a0f-7597-435a-bf4d-fe2bd9accdf5","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":"adffc254-511a-4e29-adea-502a54d22a0a","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":"6eec3470-49f4-4bc9-96ea-418f1266565d","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":"b598566a-f853-4136-8654-c68baac793fb","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":"0dab62fa-a8d7-46ad-9e5d-69ca981cece5","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":"37522085-0499-47f2-b3b7-9e3368ec9c34","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":"313fd6cc-32f3-4103-ba82-3372d116419b","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":"27bb5cc9-5af2-4b65-9619-df5e6f6dab58","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":"8a0f98c7-4dc5-4f8c-a1b7-49ab1bb508c1","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":"f7519de4-5b88-4244-a8d1-547df1318df3","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":"83f0512a-347f-4659-a735-acb9457ab80c","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":"2f0ff856-457a-44e5-896a-1e4415002e2e","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":"038022a1-04ec-4edb-b697-137e9b853c51","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":"3213ec3d-3256-44f7-adde-45d7b2aa7a7b","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":"11dab100-b0fc-44bf-a491-dc0299d30ae2","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":"b7302fde-87f8-4435-83fe-e8b50495083b","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":"b0f9463e-a740-4e5f-a3a5-19c6d3cb60e5","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":"638d2394-9f2d-4fef-a500-37b8b3240591","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":"a51972a8-1c31-40d5-ab09-d18493701310","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":"3d127ef8-6b2d-48f1-9431-efb791e62c5b","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":"c2c5684c-4f44-454f-9cc7-87a8fbad2bf5","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"08869300-c048-4fdb-b671-00b348ac689a","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":"5f241fda-36a1-4e85-8503-1018495b45b1","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":"ba1cc628-16e2-4a48-ac98-bead5e227ce0","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":"3d104765-bc6a-4fa2-9c85-c92fa4d8f020","block_type":"box","text":"Report ID: 5592809.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"ce685be9-c31f-4345-a0f3-d137caa01198","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"b4427ec2-8196-480b-9f04-f0837bbf908e","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"27622ba0-c719-4a63-affa-a8a449c3c5c4","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"1f87f584-33fa-4445-bb0d-e0d803d59386","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"f2f0d9be-697d-4ab5-9c30-b7a5cd95ae2b","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"debef565-10d8-4f78-8bd1-e1fe5fa84982","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"180c25c8-ae67-49fa-ac0e-53090394e4d2","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"fe5afa9c-21cb-4a45-8d11-ba13a6537440","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"519d2f18-af29-4461-875b-e03722ca799a","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":50,"y":35,"width":389,"height":9}},{"id":"73b65b46-8948-4ebb-9433-853b6b87785a","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":51,"y":48,"width":432,"height":8}},{"id":"45a25e99-04b5-475b-b128-add6ccb1e707","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":51,"y":66,"width":224,"height":8}},{"id":"a700f5c1-1a77-41da-b6f7-1f54d57fb827","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":51,"y":83,"width":360,"height":9}},{"id":"ad3a3974-1cfe-4828-994b-8d673a257526","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":50,"y":96,"width":404,"height":9}},{"id":"c0fa0a7b-f313-44c6-99b0-b201eb60539b","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":51,"y":109,"width":119,"height":8}},{"id":"d75a10bb-dd84-4a8a-9a29-168109b9d393","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":126,"width":433,"height":9}},{"id":"f43039c1-c727-47f7-9596-b4f55caf5e93","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":139,"width":418,"height":9}},{"id":"cf77a2c0-a1a1-460c-ad9a-cc33409bb575","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":152,"width":398,"height":9}},{"id":"d42e72a5-9d84-490e-a263-0a7915d9529d","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":165,"width":413,"height":8}},{"id":"8e59f3a6-87c2-4172-bcfe-8e09ad56147b","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":178,"width":292,"height":6}},{"id":"2dbb7c5c-f54b-4027-823a-447a95f0bbdf","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":179,"width":58,"height":7}},{"id":"fce67292-bb7e-4886-940a-53ba5dd628f5","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":180,"width":28,"height":4}},{"id":"863f001e-78f3-41a6-a754-8656498e1f41","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":183,"width":2,"height":1}},{"id":"fb0c097a-7e7d-44b1-bf6f-6cf6a7a6a5dc","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":195,"width":387,"height":7}},{"id":"78febf8b-5a36-4d57-908e-b1968a52f116","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":208,"width":47,"height":8}},{"id":"ed57ade6-2136-4693-98ae-f18e6a2aa453","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":225,"width":385,"height":9}},{"id":"5d9bcfe8-235f-4b14-b7ed-8bd46fbb0b7e","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":238,"width":403,"height":9}},{"id":"57477a82-32ff-4894-9921-a3867e4e1444","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":251,"width":401,"height":9}},{"id":"5bba2d4b-e1d0-4fe2-96b1-e01d25ce4e23","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":264,"width":412,"height":9}},{"id":"ffc0ceb9-f787-432e-a132-188911e00158","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":277,"width":221,"height":8}},{"id":"c03f6e07-1fe8-4ba0-a2d6-f4a7081e8099","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":294,"width":413,"height":9}},{"id":"9117acde-cc03-44c5-810c-f849dcda8a3c","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":307,"width":415,"height":9}},{"id":"c8ea87dc-8a97-443f-8d0f-eb605572bb78","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":320,"width":427,"height":9}},{"id":"921ba567-9c37-4aa3-b865-3daf75e4a7a1","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":333,"width":394,"height":8}},{"id":"1ea04cec-5e5c-48e7-a5e7-abe0efc5ac89","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":345,"width":426,"height":9}},{"id":"ad006de8-7510-435f-a9a8-7658c298fa41","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":359,"width":369,"height":6}},{"id":"8ce7f0e9-27e6-4269-9ab5-3277da171867","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":371,"width":408,"height":9}},{"id":"2ff330fb-b0e3-47e9-8085-0b8a555531ea","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":384,"width":413,"height":9}},{"id":"f5af5d51-5084-4d4d-8802-2e43789809fb","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":397,"width":426,"height":9}},{"id":"afdc3889-5465-41bb-932b-5f84e1021797","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":410,"width":277,"height":7}},{"id":"fd3a1d0d-b762-4d0d-8da1-6a2d9c941fc6","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":515,"y":35,"width":410,"height":9}},{"id":"1e18dacf-2686-4155-b6fa-a31ca8168306","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":515,"y":48,"width":415,"height":9}},{"id":"6313e962-4efa-4876-ab2b-1a512c586733","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":515,"y":60,"width":414,"height":9}},{"id":"3c9546e4-b511-462b-9eac-055906532d99","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":515,"y":73,"width":411,"height":9}},{"id":"e18963e9-4bc5-4aa7-b032-548241e7c51e","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":515,"y":86,"width":421,"height":9}},{"id":"b3a45907-5cbc-4bd4-8967-82ad6a23a479","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":99,"width":238,"height":7}},{"id":"ad50e16a-91e0-4f81-a85b-96be358752aa","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":117,"width":408,"height":7}},{"id":"ac20f79d-6b53-4d4d-9b7f-65db133df2cc","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":130,"width":413,"height":8}},{"id":"50a8e632-bc3d-4938-9d2b-76295f86ab6a","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":142,"width":397,"height":9}},{"id":"12ba4a43-0966-4902-a49e-a02de8ab1db1","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":155,"width":391,"height":9}},{"id":"d4252b79-9e01-4cd7-b331-354dee763f12","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":168,"width":428,"height":9}},{"id":"c9f9764a-0bc5-490d-a03d-709dad94422f","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":181,"width":420,"height":9}},{"id":"8153dd96-50c6-4cf4-b9bd-d3112bf3e81c","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":194,"width":360,"height":8}},{"id":"1a5e2bc2-0270-4777-a3e1-df03475c8352","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":206,"width":374,"height":9}},{"id":"27f1f388-bdbb-489a-a900-8c9fb538b566","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":224,"width":419,"height":9}},{"id":"7b63549b-0b4d-4800-85ab-3a44618203fe","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":237,"width":404,"height":9}},{"id":"1013bd3b-7ef4-4d1e-9cd2-3c294ee2cb0a","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":250,"width":401,"height":9}},{"id":"74257307-f698-4df9-bd3f-1a186768e46b","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":263,"width":392,"height":8}},{"id":"b70374b8-928d-4629-8f00-7392042faa3a","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":276,"width":103,"height":6}},{"id":"f9e8786c-9fb7-47b3-8c17-22441185bd06","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":293,"width":417,"height":9}},{"id":"10d10524-9259-4aa5-8620-cff683395968","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":306,"width":393,"height":8}},{"id":"2112599d-8fc4-44c4-9fc5-4119c0bbb6b5","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":319,"width":411,"height":8}},{"id":"630e7fa2-7a4a-40ba-b8f3-a9d8cddc6257","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":331,"width":266,"height":9}},{"id":"a206b48a-da8c-460d-be6c-7acc0e95eb5a","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":357,"width":326,"height":9}},{"id":"530f57e8-9925-4da3-a43f-19e01bcf2e7f","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":370,"width":236,"height":9}},{"id":"f6152d59-1979-4167-b7a2-69670557d914","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":383,"width":169,"height":8}},{"id":"2654530d-b5ff-418c-b9e0-b9f149280ab0","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":396,"width":259,"height":7}},{"id":"51566d88-45c2-4a89-b694-43407328de82","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":396,"width":23,"height":7}},{"id":"7ad062b3-168e-4a27-8e52-74d051a2296f","block_type":"box","text":"Report ID: 5592809.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"53b27512-3b24-4e32-b096-306f40bc0c7c","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"80477eab-9892-4103-814b-adc2a4aeedf2","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"6fe8d1e7-3314-48b7-96bb-3f9eb41de0c5","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"604aaa79-9ed2-4d10-ab73-3d39d66d4287","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"b374feab-7ea4-408f-9a61-5683f07826ce","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"fb37ab2d-08d7-416d-89b1-cc049acec22e","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"7b17fd1a-38c1-41cb-95a6-55585399e43e","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"48efb746-34d3-4ec6-9401-dd498eab45bd","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":"b09921b8-1e90-43dd-960d-7b3a802dc778"},"user_id":1000002,"date_created":"2026-10-05T20:54:08.284000Z","date_modified":"2026-10-05T20:54:08.284000Z","private":false}