{"annotation_id":"98e6f975-2a85-45a2-86eb-6ea2c5a25f1c","file_hash":"12c8366825b7e3c9ded795cb71a0a57792970f24ebc8151de79600de75ac5801","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"b615253e-52a6-4d5e-be77-591725bcd353","block_type":"box","text":"State Street Emerging Markets Local","page_number":1,"box":{"x":51,"y":71,"width":637,"height":23}},{"id":"d591d408-1142-4075-8985-f8c7f50cbb57","block_type":"box","text":"Currency Government Bond Index","page_number":1,"box":{"x":51,"y":105,"width":593,"height":23}},{"id":"3cd65045-2cde-4007-bae3-cdd0ce717e8a","block_type":"box","text":"Fund - I GBP","page_number":1,"box":{"x":52,"y":139,"width":208,"height":19}},{"id":"4d80a7ff-ff70-4af1-9665-89f58cbe52ce","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"e72a414d-97c2-4f1c-9262-8307cd8e707f","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"c411ea5d-dbb1-4166-bbb1-5ca4cce1bb23","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"a1903797-7108-4673-8f10-fd9d59c10820","block_type":"box","text":"LU2528312155","page_number":1,"box":{"x":754,"y":106,"width":76,"height":6}},{"id":"19a6c3a0-9ca5-4f2a-a308-bef0853479d6","block_type":"box","text":"As of 31 Oct 2025","page_number":1,"box":{"x":753,"y":136,"width":92,"height":6}},{"id":"321cfc4b-9970-4b1c-8d4c-61aedb32979d","block_type":"box","text":"The information presented is intend to provide transparency to investors around sustainability characteristics of the fund. Presenting this information should not be construed as a","page_number":1,"box":{"x":50,"y":194,"width":883,"height":8}},{"id":"19683b17-261a-4325-b814-0a55a2bc0829","block_type":"box","text":"representation of the fund’s current or future investment objective, nor should it be viewed as an indicator of the fund manager’s current or future investment decision-making.","page_number":1,"box":{"x":51,"y":205,"width":860,"height":7}},{"id":"8d70adeb-2814-453b-8a89-8d7fae83328e","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI. Holdings as of 31 Oct 2025,","page_number":1,"box":{"x":50,"y":240,"width":424,"height":8}},{"id":"6be7b287-d45c-4878-b775-17a1add4f5c8","block_type":"box","text":"sustainability data as of 30 Sep 2025.","page_number":1,"box":{"x":50,"y":251,"width":188,"height":7}},{"id":"49c3afc7-0faf-47c3-bf6e-b4c7ddfe3095","block_type":"box","text":"See Glossary for definitions and detailed calculation notes such as missing data","page_number":1,"box":{"x":50,"y":260,"width":393,"height":7}},{"id":"d8645432-e01d-4265-ab70-99910905294d","block_type":"box","text":"treatment, data lag and exclusions. The results are estimates based on assumptions","page_number":1,"box":{"x":50,"y":271,"width":416,"height":7}},{"id":"268552fb-9b16-48f6-840f-75d851b8f010","block_type":"box","text":"and analysis made by State Street Investment Management. They are not intended to","page_number":1,"box":{"x":50,"y":282,"width":423,"height":7}},{"id":"48a7b05a-4c4c-4018-b6af-453d3f18da2b","block_type":"box","text":"represent actual results of any offering.","page_number":1,"box":{"x":51,"y":292,"width":192,"height":8}},{"id":"466668ed-0e76-4bd4-ab33-c7f3ede9ac33","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":303,"width":123,"height":8}},{"id":"89122329-8284-475d-8ff7-c2956607fed3","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":50,"y":345,"width":97,"height":8}},{"id":"53deaaa9-fd4c-48fc-a28a-a11682bf8451","block_type":"box","text":"0.16%","page_number":1,"box":{"x":111,"y":375,"width":51,"height":8}},{"id":"a3bd68fe-d1dd-487f-8b1c-5e55337740d3","block_type":"box","text":"Adverse Sustainability Indicator","page_number":1,"box":{"x":50,"y":424,"width":241,"height":10}},{"id":"dbc540ae-78eb-4a5c-84cf-1baf8bd8f0e8","block_type":"box","text":"Sovereign - Additional Social","page_number":1,"box":{"x":50,"y":450,"width":154,"height":7}},{"id":"f1280d78-eb26-4e79-8f21-6810c2c72d91","block_type":"box","text":"Average Income Inequality Score","page_number":1,"box":{"x":50,"y":498,"width":165,"height":7}},{"id":"b53141af-e235-4335-ac39-d6347bd48711","block_type":"box","text":"43.69","page_number":1,"box":{"x":359,"y":499,"width":38,"height":6}},{"id":"db601cfc-95ce-4d0b-9a48-434677726219","block_type":"box","text":"Average Freedom Of Expression Score","page_number":1,"box":{"x":50,"y":513,"width":195,"height":8}},{"id":"746f877f-6144-40ce-9cf5-b2128aff9427","block_type":"box","text":"52.58","page_number":1,"box":{"x":359,"y":515,"width":38,"height":5}},{"id":"6c3778dc-7f00-4007-884d-12cb4b800a18","block_type":"box","text":"Sovereign - Governance","page_number":1,"box":{"x":50,"y":535,"width":129,"height":8}},{"id":"5dd4aabc-3005-4ea1-99a4-28ba7875a983","block_type":"box","text":"Average Corruption Score","page_number":1,"box":{"x":50,"y":583,"width":131,"height":7}},{"id":"7996056f-3f96-4c3d-8380-db31b3c759d1","block_type":"box","text":"40.62","page_number":1,"box":{"x":359,"y":584,"width":38,"height":6}},{"id":"39c7ca38-9eb2-4876-836e-5bda46a5457f","block_type":"box","text":"Sovereign - Jurisdictions","page_number":1,"box":{"x":50,"y":605,"width":133,"height":7}},{"id":"879dcd16-3d92-4ea6-bc2d-52fd9f24a7ea","block_type":"box","text":"Average Political Stability Score","page_number":1,"box":{"x":50,"y":652,"width":159,"height":8}},{"id":"923a06dd-0509-46d2-aa48-1895d23b3a70","block_type":"box","text":"5.88","page_number":1,"box":{"x":367,"y":654,"width":30,"height":5}},{"id":"75331b02-1761-493e-9d68-7d9352d1ea9f","block_type":"box","text":"Average Rule Of Law Score","page_number":1,"box":{"x":50,"y":668,"width":136,"height":7}},{"id":"8b06a133-4fe9-484f-8069-4f72ce842898","block_type":"box","text":"0.07","page_number":1,"box":{"x":367,"y":669,"width":30,"height":6}},{"id":"a38e8ee8-1b4d-4cac-bdad-96bd4aa95f07","block_type":"box","text":"ESG Score","page_number":1,"box":{"x":535,"y":241,"width":79,"height":8}},{"id":"5d4cfee5-2ab6-4ec6-8533-f112277ffc8d","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":608,"y":264,"width":41,"height":5}},{"id":"56cc80e3-e78e-4ba3-8d9b-5e42918b298e","block_type":"box","text":"4.40","page_number":1,"box":{"x":608,"y":276,"width":80,"height":15}},{"id":"90cf8e1e-3aa4-47e5-8552-90a2f8c827d2","block_type":"box","text":"ESG Rating","page_number":1,"box":{"x":770,"y":241,"width":84,"height":10}},{"id":"82732f9d-8b42-4925-b626-f5e0f1b73491","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":842,"y":264,"width":42,"height":5}},{"id":"fc961b64-fea9-498a-9e36-c9df56ffd62a","block_type":"box","text":"BBB","page_number":1,"box":{"x":844,"y":276,"width":58,"height":15}},{"id":"b7d254c0-66d2-4385-b473-83a54665c1ad","block_type":"box","text":"ESG Rating Distribution","page_number":1,"box":{"x":516,"y":345,"width":176,"height":11}},{"id":"725bedf1-a39b-4387-a056-3f50623cee23","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":907,"y":370,"width":41,"height":6}},{"id":"05a89b0e-893a-420f-a5c8-23ada76acfbf","block_type":"box","text":"ESG Leaders","page_number":1,"box":{"x":516,"y":384,"width":65,"height":6}},{"id":"2ef2ee88-9f5c-4fb8-97ba-47e153c24475","block_type":"box","text":"1.65%","page_number":1,"box":{"x":911,"y":385,"width":37,"height":6}},{"id":"664ea93f-b6dc-41d5-b369-2bdd96c87103","block_type":"box","text":"ESG Average","page_number":1,"box":{"x":516,"y":400,"width":66,"height":7}},{"id":"19408d74-3e59-4f81-b39d-8ecd0a90ce28","block_type":"box","text":"97.64%","page_number":1,"box":{"x":903,"y":401,"width":45,"height":6}},{"id":"eeaaf806-aa3e-494f-bd1f-44677af592ff","block_type":"box","text":"ESG Laggards","page_number":1,"box":{"x":516,"y":416,"width":71,"height":7}},{"id":"aac0dd3a-007b-4445-bc78-2281b2a4bc26","block_type":"box","text":"0.15%","page_number":1,"box":{"x":910,"y":417,"width":38,"height":6}},{"id":"8a2f8816-e574-4401-9cdb-e0bd2e2d49c5","block_type":"box","text":"ESG Not Covered","page_number":1,"box":{"x":516,"y":431,"width":88,"height":6}},{"id":"fec4fadd-e210-4c12-9b95-f02d0274dddd","block_type":"box","text":"0.56%","page_number":1,"box":{"x":910,"y":432,"width":38,"height":6}},{"id":"39de22ea-ec3e-4751-9e7d-04b2bacda6a7","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":469,"width":268,"height":10}},{"id":"5e49fda0-a468-4417-9166-9d201b6cdfe2","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":760,"y":505,"width":39,"height":5}},{"id":"15f3ee28-c119-41d9-a1d2-7ab87c136b87","block_type":"box","text":"Coverage %","page_number":1,"box":{"x":892,"y":495,"width":56,"height":7}},{"id":"bb9daffd-877a-4387-ab50-ac953af84e9e","block_type":"box","text":"MV Portfolio","page_number":1,"box":{"x":891,"y":505,"width":57,"height":5}},{"id":"7fb50aeb-8152-4945-b077-9f9fad7820d3","block_type":"box","text":"Scope 1 Exclude LULUCF","page_number":1,"box":{"x":515,"y":519,"width":118,"height":6}},{"id":"2add71b9-72f4-4434-83c1-e92fdff5ac0a","block_type":"box","text":"277.08","page_number":1,"box":{"x":757,"y":520,"width":42,"height":5}},{"id":"5a05944d-967c-4b35-ac33-3ba638192bc5","block_type":"box","text":"97.46","page_number":1,"box":{"x":913,"y":520,"width":35,"height":5}},{"id":"cabef7ff-3174-40c7-b0eb-72a7e3353484","block_type":"box","text":"Scope 1 Include LULUCF","page_number":1,"box":{"x":515,"y":534,"width":115,"height":7}},{"id":"eb7198fe-5bad-4f09-83e9-e3fb0ac56b96","block_type":"box","text":"289.65","page_number":1,"box":{"x":757,"y":535,"width":42,"height":6}},{"id":"816de3a7-49bf-4172-bb1f-84778ef2f65b","block_type":"box","text":"97.46","page_number":1,"box":{"x":913,"y":535,"width":35,"height":6}},{"id":"bbb06765-8b4f-4511-bdef-2002f578e683","block_type":"box","text":"Consumption","page_number":1,"box":{"x":516,"y":550,"width":62,"height":6}},{"id":"f3cf938c-3a86-4499-8bc6-cecb05e76ecd","block_type":"box","text":"250.39","page_number":1,"box":{"x":757,"y":551,"width":41,"height":5}},{"id":"5e29e659-95f0-4f41-897a-38586477bfae","block_type":"box","text":"97.46","page_number":1,"box":{"x":913,"y":551,"width":35,"height":5}},{"id":"f5e95183-dc47-4394-ae73-2aa94e322e1b","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":587,"width":177,"height":8}},{"id":"f1e8d1f0-78bb-4945-81f4-365ca8382099","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":757,"y":622,"width":42,"height":6}},{"id":"ca3e73ec-21ff-44d8-aa32-6fb32361cec9","block_type":"box","text":"Coverage %","page_number":1,"box":{"x":888,"y":612,"width":60,"height":7}},{"id":"6b1b01d4-1e5c-428c-b28b-e9d7aac999e1","block_type":"box","text":"MV Portfolio","page_number":1,"box":{"x":887,"y":622,"width":61,"height":6}},{"id":"e22eccbb-a99c-4469-8795-2ffb4af04306","block_type":"box","text":"Scope 1 Exclude LULUCF","page_number":1,"box":{"x":516,"y":636,"width":126,"height":8}},{"id":"e1009b18-4794-4795-8408-e62db0375339","block_type":"box","text":"620,082.32","page_number":1,"box":{"x":722,"y":638,"width":76,"height":7}},{"id":"00e2f56b-cf3b-42fc-87e3-da9d30e616ba","block_type":"box","text":"97.46","page_number":1,"box":{"x":911,"y":638,"width":37,"height":5}},{"id":"8ca42473-a050-4320-9edb-1ffb269cb368","block_type":"box","text":"Scope 1 Include LULUCF","page_number":1,"box":{"x":516,"y":652,"width":122,"height":7}},{"id":"af457c5c-3a08-4c20-bbe2-831f7aa41c1e","block_type":"box","text":"648,213.48","page_number":1,"box":{"x":722,"y":653,"width":77,"height":8}},{"id":"07086cb5-3a12-4d6c-92e2-e26ea6dff1e0","block_type":"box","text":"97.46","page_number":1,"box":{"x":911,"y":653,"width":37,"height":6}},{"id":"dbc68f78-7004-4e57-b949-beccb718500e","block_type":"box","text":"Consumption","page_number":1,"box":{"x":516,"y":668,"width":67,"height":7}},{"id":"f1fadd1e-32db-4eaa-b7da-949de5550c0a","block_type":"box","text":"560,359.09","page_number":1,"box":{"x":722,"y":669,"width":76,"height":7}},{"id":"d5495304-f4d3-475d-949d-52e5c5e9606d","block_type":"box","text":"97.46","page_number":1,"box":{"x":911,"y":669,"width":37,"height":6}},{"id":"c4ab9b8d-2706-473c-b4e2-0a2c0eca912e","block_type":"box","text":"Government Freedom Status","page_number":1,"box":{"x":516,"y":705,"width":221,"height":8}},{"id":"85e51060-5de6-4ab9-9649-7210f77301eb","block_type":"box","text":"(Market Value)","page_number":1,"box":{"x":516,"y":720,"width":63,"height":5}},{"id":"06d2b64c-98e0-47ea-94f9-1bb4c962c318","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":624,"y":750,"width":39,"height":5}},{"id":"f9096f0c-f601-49c7-aeec-8a5062b4fbc5","block_type":"box","text":"Free","page_number":1,"box":{"x":533,"y":769,"width":20,"height":5}},{"id":"d8336340-a706-4571-984e-0310389a103b","block_type":"box","text":"35.54%","page_number":1,"box":{"x":616,"y":770,"width":46,"height":6}},{"id":"ff805a52-6f43-4deb-bd33-c3e44530063a","block_type":"box","text":"Partially Free","page_number":1,"box":{"x":533,"y":789,"width":60,"height":7}},{"id":"1f11eb4d-f9b4-4bd3-92da-1bd2a46c4f4d","block_type":"box","text":"42.66%","page_number":1,"box":{"x":616,"y":790,"width":46,"height":6}},{"id":"b7fb605d-9cdf-41a2-a1cf-2071346fc60f","block_type":"box","text":"Not Free","page_number":1,"box":{"x":533,"y":809,"width":39,"height":5}},{"id":"ca3baf8e-89c7-403e-ac28-de1e062088cb","block_type":"box","text":"19.26%","page_number":1,"box":{"x":617,"y":810,"width":45,"height":6}},{"id":"ba89fde2-71ef-405e-80e9-d70d387fbab3","block_type":"box","text":"No Data","page_number":1,"box":{"x":533,"y":829,"width":37,"height":5}},{"id":"36b047e8-93d2-4f71-ba40-a0ede443deab","block_type":"box","text":"2.54%","page_number":1,"box":{"x":624,"y":830,"width":38,"height":6}},{"id":"c24a43f7-0c51-422a-acf5-526bce69ad35","block_type":"box","text":"Report ID: 5087759.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"0be615a6-fee4-461d-b57c-f56abee3681f","block_type":"box","text":"Published: 18 Nov 2025","page_number":1,"box":{"x":496,"y":968,"width":129,"height":7}},{"id":"e8d1c6a8-85c3-40e0-81ed-337f417050bf","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"726daf96-cf69-46a3-8cdc-2a69f4137f5d","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"d2ec6390-12d7-4b0a-a48b-7b151e8fdc9d","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"493ecc92-9dda-499b-ba26-9eb04240ebe9","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"fba5e8b0-7ad4-4476-ac91-1f5736a67259","block_type":"box","text":"1","page_number":1,"box":{"x":927,"y":968,"width":2,"height":6}},{"id":"b895e275-4814-4b49-bd21-328604ec4aef","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"0a0725e4-9e3b-4323-9499-d1b60f2acc9c","block_type":"box","text":"5","page_number":1,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"106a3db7-df74-4c78-9722-bc4383256ea3","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":57,"width":129,"height":19}},{"id":"8432fad6-b6bc-4c81-b180-c08303b2915a","block_type":"box","text":"Sustainability data is as of the date identified in the report sections","page_number":2,"box":{"x":50,"y":92,"width":394,"height":9}},{"id":"1cd15abe-eb37-419b-954a-912f0358268a","block_type":"box","text":"above, usually on a month lag. All metrics are reported in USD unless","page_number":2,"box":{"x":50,"y":105,"width":406,"height":9}},{"id":"78f291b6-309c-4cb7-b5d5-ec6d87a6d686","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":50,"y":118,"width":102,"height":7}},{"id":"0175a32f-29ae-4896-b9ce-b85f27b23d72","block_type":"box","text":"Data Treatments:","page_number":2,"box":{"x":51,"y":135,"width":111,"height":7}},{"id":"5323030a-ed1f-499f-93c9-5dd0cb2c39ff","block_type":"box","text":"State Street applies the data treatments where appli","page_number":2,"box":{"x":168,"y":135,"width":310,"height":9}},{"id":"7cf62613-1ff7-4def-8393-03815f947c41","block_type":"box","text":"cable to Sustainability Metrics. To review the data treatments and the","page_number":2,"box":{"x":50,"y":148,"width":413,"height":9}},{"id":"bc798f80-b908-4cf5-80e2-fe0792d1cb6c","block_type":"box","text":"metrics they are applied to please see the data treatments table below.","page_number":2,"box":{"x":51,"y":161,"width":419,"height":9}},{"id":"55b22bef-89d0-42dd-a7f0-1061c0616f0d","block_type":"box","text":"ESG Score/ESG Rating - MSCI:","page_number":2,"box":{"x":51,"y":178,"width":194,"height":9}},{"id":"6a0d8154-8b48-4920-b2df-a05eca4b10df","block_type":"box","text":"Provide an opinion of sovereign and","page_number":2,"box":{"x":249,"y":178,"width":210,"height":9}},{"id":"a1ca89d5-96a6-426e-92ed-3e7eef3f3d8c","block_type":"box","text":"sub-sovereign entities’ exposure to and management of ESG risks. MSCI","page_number":2,"box":{"x":50,"y":191,"width":429,"height":9}},{"id":"1b50331b-9ae1-4327-b944-cea5d17deba8","block_type":"box","text":"ESG Research defines ESG risks to sovereign or sub sovereign entities","page_number":2,"box":{"x":51,"y":204,"width":417,"height":9}},{"id":"81a2a1dd-09b4-4971-a49b-8e030fcfa9e1","block_type":"box","text":"as environmental, social, or governance-related issues that could impact","page_number":2,"box":{"x":50,"y":217,"width":430,"height":9}},{"id":"a20eda2b-5fd8-42ef-a33a-7ce238ed8ee4","block_type":"box","text":"the long-term sustainability of their economies. MSCI ESG Government","page_number":2,"box":{"x":50,"y":230,"width":423,"height":9}},{"id":"b746bf46-8960-4fbf-99e8-6ef49dddef4b","block_type":"box","text":"Ratings are determined for countries, local authorities, and supranational","page_number":2,"box":{"x":51,"y":243,"width":431,"height":8}},{"id":"57df1218-d96c-47e5-862e-9a45b20f6afa","block_type":"box","text":"administrative bodies and are relative to a global peer set. Each rating","page_number":2,"box":{"x":50,"y":256,"width":413,"height":8}},{"id":"66a07c96-1d73-4e6b-ba5b-23d4601114f6","block_type":"box","text":"takes into consideration measures of environmental risk and manage","page_number":2,"box":{"x":50,"y":268,"width":410,"height":9}},{"id":"ce6f84fb-8d56-49ec-9299-eb5888fb2a01","block_type":"box","text":"ment, knowledge and social capital, and the strength of financial, judicial,","page_number":2,"box":{"x":51,"y":281,"width":428,"height":9}},{"id":"f401fce8-23dd-45ba-a665-a42be9c800d8","block_type":"box","text":"and political systems. ESG Government Scores are calculated for all","page_number":2,"box":{"x":50,"y":294,"width":404,"height":9}},{"id":"53aaf305-d964-48ba-99b1-e8f6c2013643","block_type":"box","text":"countries and then converted into a letter rating. The AAA rating rep","page_number":2,"box":{"x":50,"y":307,"width":405,"height":9}},{"id":"5319543e-0fd6-4818-a172-8551ccf2672d","block_type":"box","text":"resents the highest ESG Rating (i.e., lower ESG risk exposure and stron","page_number":2,"box":{"x":51,"y":319,"width":416,"height":9}},{"id":"b699bd3b-688b-4bb0-b575-bbcad2112120","block_type":"box","text":"ger risk management) whereas the CCC rating represents the lowest","page_number":2,"box":{"x":50,"y":332,"width":408,"height":9}},{"id":"de3922d2-26f5-4168-a345-c422aa93eceb","block_type":"box","text":"ESG Rating (i.e., higher ESG risk exposure and weaker risk management).","page_number":2,"box":{"x":51,"y":345,"width":432,"height":9}},{"id":"037b9fcf-4fc7-432c-ad33-efc1a8e529ae","block_type":"box","text":"ESG Ratings Distribution - MSCI","page_number":2,"box":{"x":51,"y":363,"width":203,"height":9}},{"id":"94e2f8a0-2c75-4d9c-9725-3390e1f6d0d7","block_type":"box","text":"ESG Leaders: Rated AAA or AA:","page_number":2,"box":{"x":78,"y":380,"width":203,"height":7}},{"id":"d4bf7faa-1aa5-4eea-9605-72e2ea9f0d40","block_type":"box","text":"Issuers(sovereign) that have","page_number":2,"box":{"x":285,"y":380,"width":167,"height":9}},{"id":"2f849362-f0a3-45c3-bc65-e92cc433ba0d","block_type":"box","text":"strong management of financially relevant environmental, social and","page_number":2,"box":{"x":77,"y":393,"width":404,"height":9}},{"id":"0da5d956-a28c-435b-a3e6-a850608bba3e","block_type":"box","text":"AA governance issues.","page_number":2,"box":{"x":77,"y":406,"width":135,"height":9}},{"id":"1f3bcd1a-2f97-4eea-9e24-7370a0a24bef","block_type":"box","text":"ESG Average: Rated A, BBB or BB:","page_number":2,"box":{"x":78,"y":424,"width":217,"height":8}},{"id":"a8982a67-c0b4-4096-b61a-84c8b1a2a55d","block_type":"box","text":"Issuers(sovereign) that have","page_number":2,"box":{"x":299,"y":423,"width":166,"height":9}},{"id":"d67bc7c3-48cd-47f8-bf49-7412600bc1b5","block_type":"box","text":"average management of ESG issues.","page_number":2,"box":{"x":77,"y":436,"width":217,"height":9}},{"id":"7f59417f-4a84-4c89-b7e1-759469c4394d","block_type":"box","text":"ESG Laggards: Rated B or CCC:","page_number":2,"box":{"x":78,"y":454,"width":199,"height":9}},{"id":"d2c9f29c-9131-48d2-b273-56bde6828b08","block_type":"box","text":"Issuers(sovereign) that do not","page_number":2,"box":{"x":282,"y":454,"width":175,"height":9}},{"id":"37389689-cb4e-440d-a345-67e5e1f3fe23","block_type":"box","text":"demonstrate adequate management of the financially relevant ESG","page_number":2,"box":{"x":77,"y":467,"width":400,"height":9}},{"id":"97a5842a-ad03-4a6c-9a49-0466b3c1365a","block_type":"box","text":"risks that they face.","page_number":2,"box":{"x":78,"y":480,"width":114,"height":8}},{"id":"30e3928d-087b-42c7-9227-58151ece1556","block_type":"box","text":"ESG Not Covered:","page_number":2,"box":{"x":78,"y":497,"width":113,"height":7}},{"id":"bfa980f3-8b9b-4945-8b15-6414348e9f87","block_type":"box","text":"Issuers(sovereign) which have not been evaluat","page_number":2,"box":{"x":195,"y":497,"width":280,"height":9}},{"id":"cc3bfe3f-4078-4951-9c05-318cd371796a","block_type":"box","text":"ed for ESG sustainability risks.","page_number":2,"box":{"x":77,"y":510,"width":179,"height":9}},{"id":"80a570a4-cf75-467c-81d0-06731843c711","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":50,"y":528,"width":123,"height":7}},{"id":"262ff84c-f189-4e8c-a236-865b9c74dc50","block_type":"box","text":"Market Value of Securities with Green Bonds as","page_number":2,"box":{"x":177,"y":528,"width":281,"height":7}},{"id":"659d2be6-edea-4b2c-86f5-91ead3c20883","block_type":"box","text":"a Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":50,"y":540,"width":416,"height":9}},{"id":"9c10e2b3-0187-45d0-b10c-badb78268b2c","block_type":"box","text":"Bonds are identified as green if they meet the criteria for Climate Bonds","page_number":2,"box":{"x":51,"y":553,"width":423,"height":9}},{"id":"dbee04ef-f933-4d6d-84c9-ef8b3e4544da","block_type":"box","text":"Initiative’s (CBI) green labelled database. For more information on the","page_number":2,"box":{"x":51,"y":566,"width":408,"height":9}},{"id":"39586392-9b86-4e13-9b78-47808216713a","block_type":"box","text":"Green Bond Database methodology, please visit","page_number":2,"box":{"x":50,"y":579,"width":286,"height":9}},{"id":"82b776dd-5b3b-45fa-b5cc-d55f61de9b47","block_type":"box","text":"https://www.climate","page_number":2,"box":{"x":340,"y":579,"width":116,"height":9}},{"id":"6d8ba6ff-7a62-4908-915f-45cd9ad921f2","block_type":"box","text":"bonds.net/data-insights/market-data/green-bond-dataset-methodology","page_number":2,"box":{"x":51,"y":592,"width":431,"height":9}},{"id":"bf9977c5-82ee-4143-a9a3-77bbd572fa92","block_type":"box","text":"Adverse Sustainability Indicators(Weighted Average) - MSCI","page_number":2,"box":{"x":50,"y":609,"width":387,"height":9}},{"id":"b9f40ef5-6003-4b2e-8d04-94e3bc3d0338","block_type":"box","text":"Average Income Inequality Score(Weighted):","page_number":2,"box":{"x":77,"y":627,"width":286,"height":9}},{"id":"2fb29676-b61f-4d3e-a30e-8ad8b7f6ed06","block_type":"box","text":"measures the","page_number":2,"box":{"x":367,"y":627,"width":80,"height":7}},{"id":"414d437f-d64b-47c7-b870-6039bc2171e7","block_type":"box","text":"extent to which the distribution of income (or, in some cases, con","page_number":2,"box":{"x":77,"y":640,"width":382,"height":8}},{"id":"b66397a0-7e58-4101-8408-83a9239c08c6","block_type":"box","text":"sumption expenditure) among individuals or households within an","page_number":2,"box":{"x":77,"y":652,"width":388,"height":9}},{"id":"c18ed549-e7c8-4daa-88ea-5eba6c844ca3","block_type":"box","text":"economy deviates from a perfectly equal distribution.","page_number":2,"box":{"x":77,"y":665,"width":317,"height":9}},{"id":"24d623cc-a7e4-4a13-aa60-b1bc1fb8b18f","block_type":"box","text":"Average Corruption Score(Weighted):","page_number":2,"box":{"x":77,"y":683,"width":242,"height":9}},{"id":"441e9151-2ac4-4e16-b18d-f025896b1568","block_type":"box","text":"Perceptions of public-sec","page_number":2,"box":{"x":324,"y":683,"width":151,"height":9}},{"id":"ebb6c41b-15a1-432b-ab24-04e1b3af28cf","block_type":"box","text":"tor corruption, including bribery, diversion of public funds, use of","page_number":2,"box":{"x":77,"y":696,"width":381,"height":9}},{"id":"5744b094-762c-4cdd-b10e-e609b113752b","block_type":"box","text":"public office for private gain, nepotism in the civil service, state","page_number":2,"box":{"x":78,"y":709,"width":369,"height":8}},{"id":"b697f18d-af8d-4596-9777-6462b569f484","block_type":"box","text":"capture and mechanisms available to prevent corruption.","page_number":2,"box":{"x":77,"y":722,"width":339,"height":8}},{"id":"ec6f1e14-a7c6-430e-911d-78ab89b4485e","block_type":"box","text":"Average Rule of Law Score(Weighted):","page_number":2,"box":{"x":77,"y":739,"width":245,"height":9}},{"id":"1d4d51f8-fb3b-4ba4-ad4b-36d46cb4965b","block_type":"box","text":"measures the strength","page_number":2,"box":{"x":326,"y":739,"width":133,"height":9}},{"id":"48c7e8a9-7c8f-45ca-8959-7d95d3e33679","block_type":"box","text":"and predictability of a country’s legal system and institutions. As","page_number":2,"box":{"x":77,"y":752,"width":379,"height":9}},{"id":"1c34657c-cf0a-4b1b-9157-2aae51c9c714","block_type":"box","text":"sesses factors like: Protection of property rights, Contract enforce","page_number":2,"box":{"x":77,"y":765,"width":392,"height":8}},{"id":"1a8a8fcf-c953-4afb-aaf7-d359260ef97d","block_type":"box","text":"ment, Absence of corruption, Public safety and security.","page_number":2,"box":{"x":78,"y":778,"width":331,"height":8}},{"id":"90960e36-b09a-45f2-81e9-d30bfbc072c3","block_type":"box","text":"Average Freedom of Expression Score(Weighted):","page_number":2,"box":{"x":77,"y":795,"width":319,"height":9}},{"id":"4ef185bc-51ea-4d52-a729-f8c3b992b7a0","block_type":"box","text":"assesses","page_number":2,"box":{"x":399,"y":797,"width":55,"height":5}},{"id":"e4d6a32a-de52-43e5-a3be-72642baa44bc","block_type":"box","text":"the extent to which countries and their citizens enjoy freedom of","page_number":2,"box":{"x":77,"y":808,"width":381,"height":9}},{"id":"03a4b1c7-5361-4f3c-97b1-3f6d3c090d5b","block_type":"box","text":"expression. It evaluates the protection and promotion of fundamen","page_number":2,"box":{"x":77,"y":821,"width":395,"height":8}},{"id":"20726a5a-9d86-4503-8d0c-e58a7d1a9ff9","block_type":"box","text":"tal freedoms, including freedom of speech, press, assembly, and","page_number":2,"box":{"x":77,"y":834,"width":379,"height":8}},{"id":"6cff6551-49bf-4556-8df9-bb53dc90e7d5","block_type":"box","text":"association.","page_number":2,"box":{"x":77,"y":847,"width":70,"height":6}},{"id":"0fa36d86-ebcb-449a-87d9-13da1f7a545d","block_type":"box","text":"Average Political Stability Score(Weighted):","page_number":2,"box":{"x":77,"y":864,"width":280,"height":9}},{"id":"7690e0e2-6881-47d8-8550-4a9c785727fe","block_type":"box","text":"assesses the poten","page_number":2,"box":{"x":361,"y":864,"width":114,"height":9}},{"id":"726bb55b-c2b5-4082-9ad2-8dbf1d2ea8aa","block_type":"box","text":"tial adverse impacts of investment decisions on sustainability fac","page_number":2,"box":{"x":77,"y":877,"width":385,"height":8}},{"id":"8d3c8d15-00d0-4a94-b78d-7f89d74ec88a","block_type":"box","text":"tors. Analyzes various factors related to political stability, including","page_number":2,"box":{"x":77,"y":890,"width":393,"height":8}},{"id":"61761f5a-a903-422c-8d25-9eeeed53ce49","block_type":"box","text":"government stability, internal conflict, and external conflict.","page_number":2,"box":{"x":77,"y":902,"width":350,"height":9}},{"id":"a286d01b-db52-4a31-8596-b210d43d3a5e","block_type":"box","text":"Sovereign - Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":50,"y":920,"width":355,"height":9}},{"id":"01fff462-ac86-4273-bef3-618e1ed2ef54","block_type":"box","text":"Weighted","page_number":2,"box":{"x":409,"y":920,"width":56,"height":9}},{"id":"975d8f7c-e099-4755-9edc-6422e15ac8c8","block_type":"box","text":"Average Carbon Intensity (WACI) evaluates a portfolio’s relative expo","page_number":2,"box":{"x":515,"y":92,"width":409,"height":9}},{"id":"f884e39f-8211-44a9-9aae-d09d71e8cfdf","block_type":"box","text":"sure to carbon intensive economies. Portfolio-weighted GHG emis","page_number":2,"box":{"x":515,"y":105,"width":393,"height":9}},{"id":"1427db38-bc8f-4bf5-a99a-b158eacc52ca","block_type":"box","text":"sions per sovereign GDP. (PPP GDP (PPP-adjusted GDP of the country","page_number":2,"box":{"x":515,"y":117,"width":418,"height":9}},{"id":"0439929f-7389-4b15-96bd-f2eb5c2aeb7b","block_type":"box","text":"expressed in millions of US dollars.)","page_number":2,"box":{"x":515,"y":130,"width":209,"height":9}},{"id":"e2020934-5f06-40f2-8c6c-c293454b43ea","block_type":"box","text":"Scope 1 (exclude LULUCF) – MSCI:","page_number":2,"box":{"x":542,"y":148,"width":218,"height":9}},{"id":"d5768d82-03a0-43e3-8209-53b663d78355","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":766,"y":148,"width":180,"height":9}},{"id":"a2b97335-edfc-44a5-a582-e9083e63b804","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":161,"width":401,"height":9}},{"id":"eba4e04f-5404-4b1b-a34f-33e8c50a553d","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":174,"width":406,"height":8}},{"id":"54a2fa20-6d85-48e5-8c65-97b95db80422","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located with","page_number":2,"box":{"x":542,"y":187,"width":400,"height":7}},{"id":"3567b5c3-538d-44fb-a551-6516f8129dda","block_type":"box","text":"in the country/territory. Values exclude land use, land-use change","page_number":2,"box":{"x":542,"y":199,"width":387,"height":9}},{"id":"e283ae1a-abfd-4252-9509-feee5817fe76","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":212,"width":138,"height":9}},{"id":"7fceb292-f6b0-45d1-a70b-51baa5181501","block_type":"box","text":"Scope 1 (include LULUCF) – MSCI:","page_number":2,"box":{"x":542,"y":230,"width":215,"height":8}},{"id":"16c4f1ff-cbe0-4283-ab66-b454741a6d48","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":761,"y":230,"width":179,"height":8}},{"id":"83b84e90-2aaf-45df-b31d-aec6af4f6495","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":242,"width":401,"height":9}},{"id":"5cf17cf3-310b-43ad-b024-c113c17bc6ee","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":255,"width":406,"height":9}},{"id":"376b7c97-e903-4e17-a87d-409eacadfd6d","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located","page_number":2,"box":{"x":542,"y":268,"width":373,"height":7}},{"id":"693b77f3-a725-4416-b274-408a9db9f6d8","block_type":"box","text":"within the country territory. Values include land use, land-use change","page_number":2,"box":{"x":542,"y":281,"width":407,"height":9}},{"id":"e30bfec2-0edd-446a-b0b9-d2b48733fd20","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":294,"width":138,"height":9}},{"id":"3be24cf6-23a0-44bd-ab59-df99b8f9c287","block_type":"box","text":"Consumption (Scope 1 exclude LULUCF + scope 2+3 - exported","page_number":2,"box":{"x":542,"y":311,"width":402,"height":9}},{"id":"ce2aa543-d1a3-45f0-82a0-e70240c82ad0","block_type":"box","text":"emissions) – MSCI:","page_number":2,"box":{"x":542,"y":324,"width":119,"height":8}},{"id":"4bd6a9e9-cd85-4fab-942e-4f013731af42","block_type":"box","text":"The estimated consumption emissions for the","page_number":2,"box":{"x":665,"y":324,"width":272,"height":9}},{"id":"562c96f8-1b6c-419e-ac16-525f2fa08bd3","block_type":"box","text":"country/territory (if available), in tons of CO2 equivalent per year","page_number":2,"box":{"x":542,"y":337,"width":382,"height":9}},{"id":"ab184c1d-0d60-470d-bcf0-dc68137386cb","block_type":"box","text":"(tCO2e/yr). MSCI ESG Research calculates consumption emissions","page_number":2,"box":{"x":542,"y":350,"width":401,"height":9}},{"id":"31148c99-0a92-47cb-a352-28f5c38e2b65","block_type":"box","text":"based on Scope 1 emissions excl. LULUCF plus Scope 2 and Scope","page_number":2,"box":{"x":542,"y":363,"width":397,"height":8}},{"id":"41155c62-b5cd-4709-b9e7-fdf47713b358","block_type":"box","text":"3 emissions minus exported emissions.","page_number":2,"box":{"x":542,"y":376,"width":231,"height":8}},{"id":"3eff582f-8a00-4c1f-b282-62851f8f6cce","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":393,"width":202,"height":7}},{"id":"3fd6efb0-e928-49d8-a129-c597a96b38db","block_type":"box","text":"Total carbon emissions includes all","page_number":2,"box":{"x":723,"y":393,"width":206,"height":7}},{"id":"e8727ae1-2fb4-4553-895c-fca2a336cc32","block_type":"box","text":"greenhouse gas emissions produced within a country’s borders from all","page_number":2,"box":{"x":515,"y":406,"width":421,"height":9}},{"id":"f0d573d7-ed3f-411e-b040-bedae80abfa4","block_type":"box","text":"sources, including energy production, industry, agriculture, and trans","page_number":2,"box":{"x":515,"y":419,"width":405,"height":9}},{"id":"735752e6-b4d1-449a-b279-f283d999e531","block_type":"box","text":"portation apportioned by","page_number":2,"box":{"x":515,"y":432,"width":150,"height":8}},{"id":"89279317-91f2-4409-a51b-17bc554c6e47","block_type":"box","text":"PPP GDP","page_number":2,"box":{"x":668,"y":432,"width":58,"height":7}},{"id":"f99c166b-5f96-48b9-bd95-44f8ae4a5af4","block_type":"box","text":"(PPP-adjusted GDP of the country","page_number":2,"box":{"x":729,"y":431,"width":203,"height":9}},{"id":"c860a60f-0ad0-47c1-8731-ea2a0bf757c7","block_type":"box","text":"expressed in millions of US dollar).","page_number":2,"box":{"x":515,"y":444,"width":202,"height":9}},{"id":"3f70b6f3-6098-4da7-92af-a82d19534559","block_type":"box","text":"Scope 1 (excluding LULUCF) MSCI:","page_number":2,"box":{"x":542,"y":462,"width":220,"height":9}},{"id":"03743c8e-6b91-4f89-8642-f97f357944a6","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":765,"y":462,"width":180,"height":9}},{"id":"cb00fc5c-87e5-424d-bea6-442ee26ff69e","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":475,"width":401,"height":9}},{"id":"67053238-0eea-4b9a-8cb5-1ecc45d39790","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":488,"width":406,"height":8}},{"id":"15307c4b-156f-456f-9719-8313d337677a","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located with","page_number":2,"box":{"x":542,"y":501,"width":400,"height":7}},{"id":"63812ddb-ca70-488d-880c-589c6fc25e42","block_type":"box","text":"in the country/territory. Values exclude land use, land-use change","page_number":2,"box":{"x":542,"y":513,"width":387,"height":9}},{"id":"d8d8848f-d40f-4d7f-8a44-62451c86bf1f","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":526,"width":138,"height":9}},{"id":"85e66be3-b477-465d-b7c8-d4114f3cce33","block_type":"box","text":"Scope 1 (including LULUCF) MSCI:","page_number":2,"box":{"x":542,"y":544,"width":217,"height":9}},{"id":"c0e0335c-ed53-41bf-a989-97337ed14f44","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":762,"y":544,"width":180,"height":8}},{"id":"ffa1b6cd-cf36-4fc8-b37b-28f79d8dd20a","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":556,"width":401,"height":9}},{"id":"fd23ff68-7517-4c75-9544-1217da6f30e4","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":569,"width":406,"height":9}},{"id":"4e1de6c6-0477-43bc-8916-911a70486325","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located","page_number":2,"box":{"x":542,"y":582,"width":373,"height":7}},{"id":"ddc8b64a-ecf5-4fe5-a722-cae83b542d36","block_type":"box","text":"within the country territory. Values include land use, land-use change","page_number":2,"box":{"x":542,"y":595,"width":407,"height":9}},{"id":"b2ab28a5-4a22-4324-85d8-37f3eea5bc8d","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":608,"width":138,"height":9}},{"id":"dfdd9ecd-dede-4c8b-9728-0ec0319bb202","block_type":"box","text":"Consumption (Scope 1 exclude LULUCF + scope 2+3 - exported","page_number":2,"box":{"x":542,"y":625,"width":402,"height":9}},{"id":"0dc154ef-54d5-45df-8da6-309ae0accf4a","block_type":"box","text":"emissions) – MSCI:","page_number":2,"box":{"x":542,"y":638,"width":119,"height":8}},{"id":"5827b7ec-3aa6-4b2f-b644-058c7016304a","block_type":"box","text":"The estimated consumption emissions for the","page_number":2,"box":{"x":665,"y":638,"width":272,"height":9}},{"id":"b460d8f2-d10b-486e-abc1-eec7488396b7","block_type":"box","text":"country/territory (if available), in tons of CO2 equivalent per year","page_number":2,"box":{"x":542,"y":651,"width":382,"height":9}},{"id":"7ee415a4-6a0b-4b89-aa26-1f17e2e758ef","block_type":"box","text":"(tCO2e/yr). MSCI ESG Research calculates consumption emissions","page_number":2,"box":{"x":542,"y":664,"width":401,"height":9}},{"id":"d3c849de-84e4-4b0b-8fe2-3f9181c8ac2e","block_type":"box","text":"based on Scope 1 emissions excl. LULUCF plus Scope 2 and Scope","page_number":2,"box":{"x":542,"y":677,"width":397,"height":8}},{"id":"f8ac3a6c-b32a-45e7-abe0-4ac0e9ce9825","block_type":"box","text":"3 emissions minus exported emissions.","page_number":2,"box":{"x":542,"y":690,"width":231,"height":8}},{"id":"382d4eda-3aad-44d8-8696-5501fc461ad6","block_type":"box","text":"Government Freedom Status MSCI:","page_number":2,"box":{"x":515,"y":707,"width":226,"height":7}},{"id":"09280f18-3e7c-4d6d-bb32-bc0cd1f174a9","block_type":"box","text":"Free:","page_number":2,"box":{"x":542,"y":725,"width":31,"height":7}},{"id":"d5b2148a-428a-44a8-8f8b-47f63d416fc4","block_type":"box","text":"Countries with strong political rights and civil liberties.","page_number":2,"box":{"x":577,"y":725,"width":318,"height":9}},{"id":"ea8a6cd6-ac04-4e5e-ab9b-64a050f748a2","block_type":"box","text":"Partially Free:","page_number":2,"box":{"x":542,"y":742,"width":88,"height":9}},{"id":"35cf0d09-6471-4f6e-a6b4-75b261ba0819","block_type":"box","text":"Countries where some political rights and civil liber","page_number":2,"box":{"x":634,"y":742,"width":301,"height":9}},{"id":"4e5dece6-4ad8-40fd-a042-45998f6e3e92","block_type":"box","text":"ties are present, but there are challenges and limitations.","page_number":2,"box":{"x":542,"y":755,"width":334,"height":9}},{"id":"49a46ab5-c1b8-4acc-a696-7b44ad43d5ce","block_type":"box","text":"Not Free:","page_number":2,"box":{"x":542,"y":773,"width":57,"height":7}},{"id":"dccbe547-dbc6-40f3-b2d9-e9d428c2684f","block_type":"box","text":"Countries where political rights and civil liberties are","page_number":2,"box":{"x":603,"y":773,"width":308,"height":9}},{"id":"d13551b8-defd-49a6-96f5-00bc3c030c96","block_type":"box","text":"largely absent.","page_number":2,"box":{"x":542,"y":786,"width":86,"height":8}},{"id":"7e415951-ea6d-494d-858f-fbf951a05af4","block_type":"box","text":"No Data:","page_number":2,"box":{"x":542,"y":803,"width":54,"height":7}},{"id":"eea1a69f-c41d-4462-add1-c525b5534fd9","block_type":"box","text":"No data available to evaluate a country’s government","page_number":2,"box":{"x":600,"y":803,"width":314,"height":9}},{"id":"f82449dc-01d4-4bd0-b98a-9f23641881ad","block_type":"box","text":"based on political rights and civil liberties.","page_number":2,"box":{"x":542,"y":816,"width":245,"height":9}},{"id":"5e37d2ff-ea53-4704-a881-ca085a96e3ea","block_type":"box","text":"Report ID: 5087759.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"6a5399ee-5f8d-4f0c-880a-b4786d1134cb","block_type":"box","text":"Published: 18 Nov 2025","page_number":2,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"76b89d8f-efbd-467f-9926-81656e5599da","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"7a92018c-f470-49dd-ab30-05997c56b071","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"5bfdb999-356c-47ad-a0bd-f6befa91f2f9","block_type":"box","text":"g","page_number":2,"box":{"x":911,"y":970,"width":5,"height":5}},{"id":"f32eecec-f686-40d1-8dab-636f32ab3d13","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":6,"height":4}},{"id":"977c0045-c92d-4ccf-8b1f-052500fd9459","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"2b484e56-5989-4f7e-8b80-af84afbf0862","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"027ebd84-b642-4bb5-a3d8-30380f866d28","block_type":"box","text":"5","page_number":2,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"ce3bd9d3-00d6-4cf8-920c-a8d198619f0a","block_type":"box","text":"Sustainability Sovereign Bond Portfolio Characteristics","page_number":3,"box":{"x":50,"y":44,"width":441,"height":11}},{"id":"58e51adc-20f6-4247-9e0a-056fb609a3eb","block_type":"box","text":"Data Treatments:","page_number":3,"box":{"x":51,"y":81,"width":92,"height":6}},{"id":"a368671e-ab5e-43ab-9e4e-c9302613ac7f","block_type":"box","text":"1. Exclusions - Exclude positions for specific security types that are not expected to have a score / rating. (Cash*, Cash Equivalents**, Derivatives, Rights and Warrants)","page_number":3,"box":{"x":50,"y":96,"width":821,"height":8}},{"id":"d368fed1-cd29-4e38-988d-36ade7ec393f","block_type":"box","text":"2. Exclude securities without a value for a particular metric.","page_number":3,"box":{"x":50,"y":112,"width":291,"height":7}},{"id":"6ab461d4-36ab-4d15-b8d8-25bcb2e8baf4","block_type":"box","text":"3. Rebalance the position weights of covered securities.","page_number":3,"box":{"x":50,"y":128,"width":274,"height":7}},{"id":"70da703c-25e5-42c0-8c09-87291b9ed56a","block_type":"box","text":"Attributes","page_number":3,"box":{"x":50,"y":162,"width":55,"height":6}},{"id":"6edf9999-8550-4729-a76c-024498cddb34","block_type":"box","text":"Exclusions","page_number":3,"box":{"x":345,"y":162,"width":56,"height":6}},{"id":"ba195bf7-4b85-4b46-adea-1a5dcb5ba55a","block_type":"box","text":"Additional Exclusions","page_number":3,"box":{"x":569,"y":162,"width":115,"height":6}},{"id":"0f128752-26b1-448d-b18f-e54a1cbb129f","block_type":"box","text":"Missing Data Treatment","page_number":3,"box":{"x":767,"y":162,"width":127,"height":8}},{"id":"d05e9a35-9433-4504-ad02-a1f5d9372251","block_type":"box","text":"MSCI ESG Score","page_number":3,"box":{"x":51,"y":178,"width":83,"height":6}},{"id":"6bbfaaa7-aa8e-402c-a10c-ee48bd3a2391","block_type":"box","text":"1.Cash and Cash Equivalents*","page_number":3,"box":{"x":344,"y":224,"width":146,"height":7}},{"id":"e427c3f5-a7ba-4ce2-85c2-3eb708001b82","block_type":"box","text":"2. Derivatives **","page_number":3,"box":{"x":344,"y":235,"width":79,"height":5}},{"id":"743d3bd7-b6b6-42f8-afa1-7edf03c4c260","block_type":"box","text":"3. Rights and Warrants","page_number":3,"box":{"x":344,"y":245,"width":112,"height":8}},{"id":"51778b30-af9e-48ec-8fa1-f7c7c5f6cdd0","block_type":"box","text":"4.Securities without a Score or Rating","page_number":3,"box":{"x":344,"y":256,"width":186,"height":7}},{"id":"5b0a14d4-c125-4b2f-85e1-ebfbbc6ba104","block_type":"box","text":"N/A","page_number":3,"box":{"x":569,"y":240,"width":19,"height":6}},{"id":"3485605e-693b-47dc-a495-eb330ec75831","block_type":"box","text":"N/A","page_number":3,"box":{"x":767,"y":240,"width":19,"height":6}},{"id":"50fb3120-7ac1-4bd6-b70f-7b04108a4310","block_type":"box","text":"MSCI ESG Rating","page_number":3,"box":{"x":51,"y":194,"width":86,"height":7}},{"id":"9383588a-4fa0-4d16-8e64-ed89fca4d00a","block_type":"box","text":"MSCI Weighted Average Carbon Intensity","page_number":3,"box":{"x":51,"y":209,"width":206,"height":7}},{"id":"1f5db9fd-89ae-4f6f-ba18-058b464392b4","block_type":"box","text":"MSCI Carbon Emissions","page_number":3,"box":{"x":51,"y":224,"width":119,"height":6}},{"id":"6d7bcf32-c8f5-46d0-bdeb-d844fe2b7a6b","block_type":"box","text":"MSCI Average Income Inequality Score(Weighted)","page_number":3,"box":{"x":51,"y":240,"width":248,"height":7}},{"id":"fa0306c5-8e28-4459-a538-d37a24f55b5f","block_type":"box","text":"MSCI Average Freedom of Expression Score(Weighted)","page_number":3,"box":{"x":51,"y":255,"width":275,"height":8}},{"id":"b22ccb72-70fb-4fb9-bea5-7af73be06d82","block_type":"box","text":"MSCI Average Corruption Score(Weighted)","page_number":3,"box":{"x":51,"y":271,"width":214,"height":7}},{"id":"b28d5315-c11f-4f03-a439-47535885bae5","block_type":"box","text":"MSCI Average Political Stability Score(Weighted)","page_number":3,"box":{"x":51,"y":286,"width":242,"height":8}},{"id":"780479d1-20c7-4b20-8ac3-ec5059be28d8","block_type":"box","text":"Average Rule of Law Score(Weighted)","page_number":3,"box":{"x":50,"y":302,"width":188,"height":7}},{"id":"010e16e4-7269-447b-812e-03b8eebdf7da","block_type":"box","text":"MSCI ESG Ratings Distribution","page_number":3,"box":{"x":51,"y":317,"width":151,"height":7}},{"id":"fd499d4b-cfbd-462e-8c46-b9f7bfc525be","block_type":"box","text":"1. Cash and Cash Equivalents *","page_number":3,"box":{"x":344,"y":330,"width":151,"height":7}},{"id":"c768ec1b-c1ca-4496-ad99-87b567e69662","block_type":"box","text":"2. Derivatives **","page_number":3,"box":{"x":344,"y":340,"width":79,"height":6}},{"id":"64bf2834-4454-44a7-90ce-b24118a4b8a7","block_type":"box","text":"3. Rights and Warrants","page_number":3,"box":{"x":344,"y":351,"width":112,"height":7}},{"id":"84c633e9-db8e-4d2b-8a83-9c80cf37fc7e","block_type":"box","text":"N/A","page_number":3,"box":{"x":569,"y":340,"width":19,"height":7}},{"id":"7362fb0e-d505-47fb-8de4-5e22550f08f0","block_type":"box","text":"N/A","page_number":3,"box":{"x":767,"y":340,"width":19,"height":7}},{"id":"e7165002-0d59-4091-be7c-650f9a93ef95","block_type":"box","text":"Government Freedom Status","page_number":3,"box":{"x":50,"y":333,"width":145,"height":5}},{"id":"a2c2b73d-9559-4757-b65b-e57a71de436a","block_type":"box","text":"CBI Green Bonds","page_number":3,"box":{"x":50,"y":348,"width":86,"height":6}},{"id":"397dac77-08b4-42ff-abcb-92cf4c6077f6","block_type":"box","text":"Coverage for each ESG Attributes","page_number":3,"box":{"x":50,"y":363,"width":169,"height":8}},{"id":"875d30bc-b5c0-407d-8bc8-77c331b60bce","block_type":"box","text":"* Cash and Cash Equivalents: Cash, Cash Collateral, Money Market, Money Market Fund","page_number":3,"box":{"x":50,"y":379,"width":464,"height":7}},{"id":"c4a4bc10-b27e-4abf-a188-e9c3607c1c71","block_type":"box","text":"** Derivatives: Futures, Options, Swaps, Swaptions, Forwards","page_number":3,"box":{"x":50,"y":389,"width":324,"height":8}},{"id":"4ab77b8e-2bcd-4b87-a361-b63d49085858","block_type":"box","text":"Report ID: 5087759.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"5a6839c0-a985-4637-98b8-3f88e92966aa","block_type":"box","text":"Published: 18 Nov 2025","page_number":3,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"1f4eee97-7d19-43f5-920c-cea803792d32","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"e174a577-36ce-4c08-a36b-8fa52f0e828e","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"3a2af497-2aa3-4e0b-aead-00008268e6b4","block_type":"box","text":"g","page_number":3,"box":{"x":911,"y":970,"width":5,"height":5}},{"id":"5ef69898-8acf-4d79-8f22-44e42ae41614","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"3380161e-690b-4aee-92fc-d0b54e083501","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"850965aa-90c4-438e-9c5b-22946f13bbcb","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"0f2d3b8c-a0b8-4e97-ba2c-75ff1e7bfbc9","block_type":"box","text":"5","page_number":3,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"7bb994d4-4fd2-4c77-9427-4a87ae2b3698","block_type":"box","text":"Disclosures","page_number":4,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"4bc7ace8-3706-4dad-b8b9-27f25d8837a9","block_type":"box","text":"State Street Global Advisors (SSGA) is now State Street Investment","page_number":4,"box":{"x":50,"y":92,"width":433,"height":8}},{"id":"7e349a59-3172-4aa6-bcea-c176190cdeb4","block_type":"box","text":"Management. Please click here for more information.","page_number":4,"box":{"x":51,"y":105,"width":336,"height":9}},{"id":"a471652d-78df-4735-a6dc-6d9debd3e428","block_type":"box","text":"Marketing Communication","page_number":4,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"23f361be-8c65-4bad-bd2d-05c5ce6f20db","block_type":"box","text":"For institutional / professional investors use only.","page_number":4,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"0d72944a-054a-4668-9175-f90b18b11f39","block_type":"box","text":"The information presented above is intended to provide transparency","page_number":4,"box":{"x":50,"y":158,"width":414,"height":8}},{"id":"4620e1c8-76fe-4441-b485-ec7f814dadfc","block_type":"box","text":"to investors around sustainability characteristics of the fund. Present","page_number":4,"box":{"x":50,"y":170,"width":408,"height":9}},{"id":"0547ccbd-4942-4fbb-8af3-03c316d686d4","block_type":"box","text":"ing this information should not be construed as a representation of the","page_number":4,"box":{"x":51,"y":183,"width":415,"height":9}},{"id":"81e606ca-3947-4847-b4dd-e2f6ffa65e39","block_type":"box","text":"fund’s current or future investment objective, nor should it be viewed as","page_number":4,"box":{"x":50,"y":196,"width":422,"height":9}},{"id":"d795d398-4413-4e23-9e08-f8feb98ae40d","block_type":"box","text":"an indicator of the fund manager’s current or future investment deci","page_number":4,"box":{"x":50,"y":209,"width":401,"height":9}},{"id":"856c5f62-927d-4f77-8439-b4208c9db85c","block_type":"box","text":"sion-making.","page_number":4,"box":{"x":50,"y":222,"width":76,"height":8}},{"id":"49513c79-4f3f-4506-a03b-a88dd135a2ee","block_type":"box","text":"Investing involves risk including the risk of loss of principal.","page_number":4,"box":{"x":51,"y":239,"width":344,"height":9}},{"id":"106c1f38-0924-4b1b-bdd0-a3c71b96d368","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or","page_number":4,"box":{"x":50,"y":257,"width":405,"height":9}},{"id":"b6708bda-76ae-40d9-bf20-3d38bfe23c2e","block_type":"box","text":"transmitted or any of its contents disclosed to third parties without SS","page_number":4,"box":{"x":50,"y":270,"width":414,"height":8}},{"id":"cf5f1368-e5a7-4a49-8fa2-7a7ca77d84b0","block_type":"box","text":"GA’s express written consent.","page_number":4,"box":{"x":50,"y":283,"width":176,"height":8}},{"id":"1e0e1d94-ea69-4487-8726-3a9e31828dd2","block_type":"box","text":"All information is from SSGA unless otherwise noted and has been","page_number":4,"box":{"x":50,"y":300,"width":393,"height":7}},{"id":"39f793fb-a02e-4d5c-947f-c3f294fe4143","block_type":"box","text":"obtained from sources believed to be reliable, but its accuracy is not","page_number":4,"box":{"x":50,"y":313,"width":404,"height":9}},{"id":"861a4dd8-4353-4976-9837-831de5204eb7","block_type":"box","text":"guaranteed. There is no representation or warranty as to the current","page_number":4,"box":{"x":50,"y":326,"width":407,"height":9}},{"id":"19634c17-8897-4d76-ba11-111bacf232e1","block_type":"box","text":"accuracy, reliability or completeness of, nor liability for, decisions based","page_number":4,"box":{"x":50,"y":339,"width":422,"height":8}},{"id":"ff76a420-f260-4319-96ff-71a3bf8a7bf8","block_type":"box","text":"on such information and it should not be relied on as such.","page_number":4,"box":{"x":50,"y":351,"width":342,"height":7}},{"id":"8fedf4cf-258a-4677-ba60-f050ec9e1269","block_type":"box","text":"The information provided does not constitute investment advice as such","page_number":4,"box":{"x":50,"y":369,"width":430,"height":9}},{"id":"8da36657-6834-48cb-9587-0c8e509ac5b0","block_type":"box","text":"term is defined under the Markets in Financial Instruments Directive","page_number":4,"box":{"x":50,"y":382,"width":402,"height":7}},{"id":"92cb10c8-69b4-42b1-adac-83bb46132afe","block_type":"box","text":"(2014/65/EU) or applicable Swiss regulation and it should not be relied on","page_number":4,"box":{"x":51,"y":394,"width":432,"height":9}},{"id":"5df24d6f-c3d2-4150-ac72-aa789c564c3b","block_type":"box","text":"as such. It should not be considered a solicitation to buy or an offer to sell","page_number":4,"box":{"x":50,"y":407,"width":431,"height":9}},{"id":"56100641-8199-4145-8b2d-fc6a2e931fb7","block_type":"box","text":"any investment. It does not take into account any investor’s or potential","page_number":4,"box":{"x":50,"y":420,"width":421,"height":9}},{"id":"4c3bb7e8-0d08-4f2f-9cf2-4937bc8035d5","block_type":"box","text":"investor’s particular investment objectives, strategies, tax status, risk ap","page_number":4,"box":{"x":51,"y":433,"width":425,"height":9}},{"id":"1bc0eb7a-c949-434e-99b0-1e23ac78e0e8","block_type":"box","text":"petite or investment horizon. If you require investment advice you should","page_number":4,"box":{"x":51,"y":446,"width":428,"height":9}},{"id":"5cd355ef-395f-4f7b-9971-25074cfb5bc6","block_type":"box","text":"consult your tax and financial or other professional advisor.","page_number":4,"box":{"x":50,"y":459,"width":349,"height":8}},{"id":"596039d9-23be-4df7-81e5-5daf1d6182b5","block_type":"box","text":"The information contained in this communication is not a research","page_number":4,"box":{"x":50,"y":476,"width":422,"height":7}},{"id":"384af807-5264-4a4c-bfaf-a40825e834ab","block_type":"box","text":"recommendation or ‘investment research’ and is classified as a","page_number":4,"box":{"x":51,"y":489,"width":399,"height":7}},{"id":"beb0cd8c-4d98-4520-8ef0-f1ebd8f5c0d0","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":4,"box":{"x":50,"y":502,"width":395,"height":9}},{"id":"64f23ffa-5e33-46c1-9514-12a0f587dec7","block_type":"box","text":"regional regulation. This means that this marketing communication","page_number":4,"box":{"x":51,"y":515,"width":426,"height":9}},{"id":"4e4d103b-dd31-4107-829b-199a4b07a1b6","block_type":"box","text":"(a) has not been prepared in accordance with legal requirements","page_number":4,"box":{"x":51,"y":527,"width":411,"height":9}},{"id":"c2f3f427-eeee-4b22-a390-74aec5fd14fb","block_type":"box","text":"designed to promote the independence of investment research (b)","page_number":4,"box":{"x":50,"y":540,"width":422,"height":9}},{"id":"5248900c-6913-405c-8165-909b567f14e0","block_type":"box","text":"is not subject to any prohibition on dealing ahead of the dissemina","page_number":4,"box":{"x":51,"y":553,"width":418,"height":9}},{"id":"4f43a49f-896f-4980-b126-abad00a9af29","block_type":"box","text":"tion of investment research.","page_number":4,"box":{"x":50,"y":566,"width":178,"height":7}},{"id":"ffa22e94-d6b5-4723-b4ff-7adea5f4cde1","block_type":"box","text":"This communication is directed at professional clients (this includes","page_number":4,"box":{"x":50,"y":584,"width":402,"height":8}},{"id":"35655aaf-c611-41ae-be50-ce16377424bd","block_type":"box","text":"eligible counterparties as defined by the appropriate EU regulator) who","page_number":4,"box":{"x":50,"y":596,"width":421,"height":9}},{"id":"c5e0766b-6967-43ab-b02e-630c9ff8d8cd","block_type":"box","text":"are deemed both knowledgeable and experienced in matters relating to","page_number":4,"box":{"x":50,"y":609,"width":425,"height":9}},{"id":"af21da66-9298-4a3f-83c4-dcc465348264","block_type":"box","text":"investments. The products and services to which this communication","page_number":4,"box":{"x":51,"y":622,"width":410,"height":9}},{"id":"4677bc56-9889-41a5-a650-dc1e208a027b","block_type":"box","text":"relates are only available to such persons and persons of any other de","page_number":4,"box":{"x":51,"y":635,"width":412,"height":9}},{"id":"f334e996-4ed1-40f6-ab44-2fb0c7150e6a","block_type":"box","text":"scription (including retail clients) should not rely on this communication.","page_number":4,"box":{"x":50,"y":648,"width":424,"height":9}},{"id":"d25235d3-4e15-46cc-be08-c441621c4fed","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":4,"box":{"x":51,"y":666,"width":415,"height":8}},{"id":"20cd4fd2-eca5-42e2-a484-1a8e6e35d204","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":4,"box":{"x":51,"y":678,"width":422,"height":9}},{"id":"4b09b8f0-3c38-4e25-b880-1d130ae32d48","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":4,"box":{"x":50,"y":691,"width":418,"height":9}},{"id":"50c139d9-b14e-43c9-b51f-0a98b3247639","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":4,"box":{"x":50,"y":704,"width":409,"height":9}},{"id":"e368a955-1318-4aa2-bc91-7c64f5c1f355","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":4,"box":{"x":50,"y":717,"width":429,"height":8}},{"id":"db0fa3a9-5008-4318-9561-e3ca42f51c79","block_type":"box","text":"to a substantial gain or loss.","page_number":4,"box":{"x":50,"y":730,"width":163,"height":8}},{"id":"996c9b6c-6a89-4170-842e-8a92cc67fb27","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":4,"box":{"x":51,"y":747,"width":429,"height":9}},{"id":"2b849c75-2d38-4321-90be-57f0ca75732a","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":4,"box":{"x":50,"y":760,"width":419,"height":9}},{"id":"6fd411ae-69f2-4c77-a62a-2853e58762fb","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":4,"box":{"x":51,"y":773,"width":372,"height":9}},{"id":"0694ce36-3fdd-47e6-a54e-dd89e631e4dd","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":4,"box":{"x":50,"y":790,"width":415,"height":9}},{"id":"6f35646a-c510-430e-b3b0-81bcbaa55a1e","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":4,"box":{"x":50,"y":803,"width":400,"height":9}},{"id":"14857f0c-daf8-429a-9f6b-ea36596b30ff","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":4,"box":{"x":50,"y":816,"width":396,"height":8}},{"id":"e592b849-841f-47d7-9ae2-b12d2448c87e","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":4,"box":{"x":50,"y":829,"width":415,"height":8}},{"id":"7cd04eeb-3a73-4301-85bb-085347db40c8","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":4,"box":{"x":50,"y":842,"width":404,"height":8}},{"id":"eb1dc8bc-db1e-4783-a2ab-4df74ce5d86d","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":4,"box":{"x":51,"y":854,"width":407,"height":9}},{"id":"7c1f1fac-4186-4a03-9bc8-a6a8e22a9196","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":4,"box":{"x":51,"y":867,"width":409,"height":9}},{"id":"3e3fe349-3a2f-49b0-8f15-39b29bd28890","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":4,"box":{"x":50,"y":880,"width":414,"height":9}},{"id":"1e0ae881-be0e-426e-a8b5-328ebd062556","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":4,"box":{"x":50,"y":893,"width":428,"height":9}},{"id":"1b3e5dc0-97f0-4085-bd98-76658b91d259","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":4,"box":{"x":50,"y":906,"width":432,"height":8}},{"id":"b1eb7462-2e5d-4eca-99f1-269cddaf87b9","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":4,"box":{"x":51,"y":918,"width":421,"height":9}},{"id":"6016a783-bec7-444e-9d6e-0ee4ad7873f3","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":4,"box":{"x":515,"y":92,"width":430,"height":9}},{"id":"f92c4921-4f05-4fbd-ab8e-8d6045a9077f","block_type":"box","text":"these indices.","page_number":4,"box":{"x":515,"y":105,"width":81,"height":7}},{"id":"b2662ce4-407c-4f14-b18a-7e9a20cd4001","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":4,"box":{"x":515,"y":122,"width":416,"height":9}},{"id":"311b85a5-2ce6-4a7b-ac94-57388463610b","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":4,"box":{"x":515,"y":135,"width":415,"height":9}},{"id":"127a95bb-7cf2-4625-94a3-94087e2ac688","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":4,"box":{"x":515,"y":148,"width":423,"height":9}},{"id":"3048df98-9b0a-446f-bf70-8ec73500e947","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":4,"box":{"x":515,"y":161,"width":306,"height":8}},{"id":"739e79be-61ad-4f36-9502-0cc784a49a95","block_type":"box","text":"www.ssga.com","page_number":4,"box":{"x":824,"y":163,"width":97,"height":7}},{"id":"6a82178b-eac7-49b0-8ed0-471ac92cc005","block_type":"box","text":". A","page_number":4,"box":{"x":923,"y":161,"width":15,"height":7}},{"id":"47148213-1cec-498c-a4b2-5683e5ccc7e4","block_type":"box","text":"summary of investor rights can be found here:","page_number":4,"box":{"x":515,"y":174,"width":292,"height":8}},{"id":"a49e985d-81c0-41f6-b665-db8537f7a874","block_type":"box","text":"https://www.ssga.","page_number":4,"box":{"x":811,"y":174,"width":116,"height":8}},{"id":"89c6f51c-99b7-4f78-bf04-0f66b4b5b5e7","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-inves","page_number":4,"box":{"x":515,"y":186,"width":396,"height":9}},{"id":"590df98f-e7bc-4979-be27-8533a9cc4f44","block_type":"box","text":"tor-rights/ssga-investors-rights-summary-template-non-etf-Lux.","page_number":4,"box":{"x":515,"y":199,"width":426,"height":9}},{"id":"e4dd7fd2-6723-4f37-a1dd-c0dee4a07d9b","block_type":"box","text":"pdf.","page_number":4,"box":{"x":515,"y":212,"width":24,"height":9}},{"id":"df5decba-5b97-4841-877f-b8192cf87e31","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":4,"box":{"x":515,"y":230,"width":418,"height":8}},{"id":"85967299-f09a-4ee7-b4bf-e1d9d424275f","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":4,"box":{"x":515,"y":243,"width":431,"height":8}},{"id":"5fa7e8c0-aae5-410a-a19c-c33da69c2443","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":4,"box":{"x":515,"y":255,"width":355,"height":9}},{"id":"8335b299-b980-4bc1-b68e-4c481e66b37c","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely on","page_number":4,"box":{"x":516,"y":273,"width":420,"height":9}},{"id":"cfd5c6e5-6cda-45b3-a508-0749be26b32f","block_type":"box","text":"the information above, but should consider other factors, including the","page_number":4,"box":{"x":515,"y":286,"width":415,"height":9}},{"id":"65a8b7fa-22a0-4308-9a30-c4b21b52ff92","block_type":"box","text":"fund’s overall investment objective and risk profile. Investors are encour","page_number":4,"box":{"x":515,"y":299,"width":424,"height":8}},{"id":"02177b45-dd94-4600-9246-243bb916835b","block_type":"box","text":"aged to review the fund’s prospectus [https://www.ssga.com/fund-find","page_number":4,"box":{"x":515,"y":311,"width":414,"height":9}},{"id":"8780f8db-d85d-449f-9569-9a1cbe76f05e","block_type":"box","text":"er?tab=documents] and KIID for more information regarding the fund","page_number":4,"box":{"x":515,"y":324,"width":412,"height":9}},{"id":"29b4fff0-0918-4ca6-9403-6b3dc1cc4a51","block_type":"box","text":"and where applicable, the fund’s SFDR category.","page_number":4,"box":{"x":515,"y":337,"width":286,"height":9}},{"id":"c65002cd-0d3c-4183-8f26-e3c99dc7d7d9","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":4,"box":{"x":515,"y":355,"width":407,"height":8}},{"id":"36dfcab2-8e94-4b04-9ee1-b8f5afa6176b","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":4,"box":{"x":515,"y":368,"width":417,"height":8}},{"id":"82a65d6b-c243-4243-b8dd-ffe10d7ad5c6","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability charac","page_number":4,"box":{"x":515,"y":380,"width":427,"height":9}},{"id":"27851387-51db-40a5-bf45-4d0879264a8b","block_type":"box","text":"teristics. As a result, there may be limitations reported in the sustainabili","page_number":4,"box":{"x":515,"y":393,"width":425,"height":9}},{"id":"98764cd0-2399-4034-8193-87ad3d0ebbcc","block_type":"box","text":"ty metrics or indicators.","page_number":4,"box":{"x":515,"y":406,"width":140,"height":9}},{"id":"d3f04d79-19c7-4572-bc45-146c91354624","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":4,"box":{"x":515,"y":424,"width":398,"height":8}},{"id":"c7cb8056-7656-438e-b534-7798bd694501","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":4,"box":{"x":515,"y":436,"width":408,"height":9}},{"id":"bdac03a9-e342-4186-982b-55c8c90e8228","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":4,"box":{"x":515,"y":449,"width":426,"height":9}},{"id":"1b402a08-eb51-4ec7-8edd-b11b90a5c278","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":4,"box":{"x":515,"y":462,"width":403,"height":7}},{"id":"28ed7ae3-7448-45c9-bfc5-8bbaf3f1111e","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or com","page_number":4,"box":{"x":515,"y":475,"width":422,"height":9}},{"id":"a527bfac-d876-4296-a43d-4b270c3708ab","block_type":"box","text":"pleteness of this information.","page_number":4,"box":{"x":515,"y":488,"width":171,"height":8}},{"id":"777892f3-f081-4bd1-aba3-c91148acb907","block_type":"box","text":"Data and metrics have been sourced as follows from the following con","page_number":4,"box":{"x":516,"y":505,"width":413,"height":9}},{"id":"83c084d2-bbdb-4e07-8fae-67dfb584bb6a","block_type":"box","text":"tributors as of the date of this report, and are subject to their disclosures","page_number":4,"box":{"x":515,"y":518,"width":428,"height":9}},{"id":"4b5d155f-16cc-40f7-b853-28dc866c0c9b","block_type":"box","text":"below. All other data has been sourced by SSGA.","page_number":4,"box":{"x":515,"y":531,"width":289,"height":9}},{"id":"3fd4ac16-80c0-4893-9b25-e2d6d80f860f","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":4,"box":{"x":515,"y":548,"width":419,"height":8}},{"id":"60e7c351-dc13-4994-b0da-1ccb3068f26a","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":4,"box":{"x":515,"y":561,"width":431,"height":9}},{"id":"d332c653-704b-478e-a279-67333cc70ca3","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":4,"box":{"x":515,"y":574,"width":428,"height":9}},{"id":"efa59e09-9209-47e7-a98b-2a5519656b3b","block_type":"box","text":"and may have been used to calculate scores, signals, or other indica","page_number":4,"box":{"x":515,"y":587,"width":402,"height":9}},{"id":"89d8d0bc-e1f5-47d2-a475-d19eec806933","block_type":"box","text":"tors. The Information is for internal use only and may not be reproduced","page_number":4,"box":{"x":515,"y":600,"width":424,"height":8}},{"id":"ed1c8a9e-09d3-4298-a200-daf1722ad14c","block_type":"box","text":"or disseminated in whole or part without prior written permission. The","page_number":4,"box":{"x":515,"y":613,"width":411,"height":8}},{"id":"ac54a8b4-c80f-4054-947b-0ef890f0e6ba","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":4,"box":{"x":516,"y":625,"width":410,"height":9}},{"id":"d53d040a-f0df-4e99-8055-fccac91a8dc3","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":4,"box":{"x":515,"y":638,"width":396,"height":9}},{"id":"1a0d40e7-20a9-4c94-84c4-8e07dff478ef","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":4,"box":{"x":515,"y":651,"width":434,"height":9}},{"id":"68e0a6a0-f432-44e8-8d65-6c0a58712a80","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":4,"box":{"x":515,"y":664,"width":420,"height":9}},{"id":"f4d88c64-6594-4d7f-b64e-647e8bb37fc5","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":4,"box":{"x":515,"y":677,"width":422,"height":8}},{"id":"5ca091a7-ec53-461d-ab05-aa6c4997f188","block_type":"box","text":"based on the fund’s assets under management or other measures. MSCI","page_number":4,"box":{"x":515,"y":690,"width":428,"height":8}},{"id":"c81c2282-8dd0-4560-8203-7c4e790f4b9d","block_type":"box","text":"has established an information barrier between index research and cer","page_number":4,"box":{"x":515,"y":702,"width":420,"height":7}},{"id":"b1d66345-aa23-4b37-92fc-4b4901647dba","block_type":"box","text":"tain Information. None of the Information in and of itself can be used to","page_number":4,"box":{"x":515,"y":715,"width":415,"height":7}},{"id":"17d63420-72ca-4150-86eb-08489f326aed","block_type":"box","text":"determine which securities to buy or sell or when to buy or sell them. The","page_number":4,"box":{"x":515,"y":728,"width":429,"height":9}},{"id":"cfb18d11-4355-4a29-92ee-08c787d86513","block_type":"box","text":"Information is provided “as is” and the user assumes the entire risk of any","page_number":4,"box":{"x":516,"y":741,"width":430,"height":9}},{"id":"64817404-55cb-4b7c-b66a-d439f2330617","block_type":"box","text":"use it may make or permit to be made of the Information. No MSCI Party","page_number":4,"box":{"x":515,"y":754,"width":426,"height":8}},{"id":"34da1f32-f66d-462e-a06f-1e128b49a95d","block_type":"box","text":"warrants or guarantees the originality, accuracy and/or completeness of","page_number":4,"box":{"x":515,"y":766,"width":428,"height":9}},{"id":"0ef82ca0-be5e-4187-8a9d-cbb84099ed10","block_type":"box","text":"the Information and each expressly disclaims all express or implied war","page_number":4,"box":{"x":515,"y":779,"width":421,"height":9}},{"id":"d921ed91-ede6-4532-9578-3d8c782b1aed","block_type":"box","text":"ranties. No MSCI Party shall have any liability for any errors or omissions","page_number":4,"box":{"x":515,"y":792,"width":426,"height":9}},{"id":"a14f0dfa-aa23-4c6a-aa32-96960abe3e1d","block_type":"box","text":"in connection with any Information herein, or any liability for any direct,","page_number":4,"box":{"x":515,"y":805,"width":416,"height":9}},{"id":"6a0b8c68-a649-447f-8434-e5b95c021376","block_type":"box","text":"indirect, special, punitive, consequential or any other damages (including","page_number":4,"box":{"x":515,"y":818,"width":431,"height":9}},{"id":"1530647d-7442-46c0-b2a8-2baf833bc741","block_type":"box","text":"lost profits) even if notified of the possibility of such damages.","page_number":4,"box":{"x":515,"y":831,"width":363,"height":9}},{"id":"766b1d6c-ab74-48e5-9069-f02b8448be4f","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":4,"box":{"x":515,"y":848,"width":428,"height":9}},{"id":"c081f233-359e-49ba-bdd9-71ed8eada9e3","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":4,"box":{"x":515,"y":861,"width":428,"height":9}},{"id":"5b4c208d-d1da-474c-ae2e-7071e56c8006","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":4,"box":{"x":515,"y":874,"width":415,"height":9}},{"id":"a8d494ec-722b-4768-b704-8f4b5447cc49","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in indus","page_number":4,"box":{"x":515,"y":887,"width":424,"height":9}},{"id":"3f5fe521-33b5-4d04-92a7-63722cfd877d","block_type":"box","text":"try sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":515,"y":900,"width":400,"height":8}},{"id":"42094c67-f50c-4121-ada1-8c73ecd909a5","block_type":"box","text":"R-Factor scoring is designed by State Street to reflect certain sustain","page_number":4,"box":{"x":516,"y":917,"width":408,"height":9}},{"id":"94b7e335-0938-42e8-8c0a-9612a7b5d2cd","block_type":"box","text":"Report ID: 5087759.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"046f9ac1-5f7e-4fdb-88ab-a163c615d328","block_type":"box","text":"Published: 18 Nov 2025","page_number":4,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"705e46ed-9fc3-432d-b0fa-5b1a35e3528b","block_type":"box","text":"P","page_number":4,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"c89d4647-535e-44f8-a2a5-741e891d74e3","block_type":"box","text":"a","page_number":4,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"386bc11c-8276-403f-85b8-b48c015407f4","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"feb19e6e-ebd6-4a08-964c-d10d4940add4","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"ecef5abf-b6df-4f18-80dd-18d5cb2feaf8","block_type":"box","text":"4","page_number":4,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"42d6eceb-fce6-40e9-aca3-b1594aa38019","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"bb6f5080-bf16-46f7-af73-d1f3d9fe940d","block_type":"box","text":"5","page_number":4,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"fddd6a98-3c5d-4a3e-9fcc-32b412e8a404","block_type":"box","text":"ability factors and does not represent investment performance. Results","page_number":5,"box":{"x":50,"y":35,"width":423,"height":9}},{"id":"bf2c4b9d-c877-4f80-a312-a468c185f299","block_type":"box","text":"generated out of the scoring model are based on sustainability dimen","page_number":5,"box":{"x":50,"y":48,"width":410,"height":9}},{"id":"78248113-070a-4c4e-82b0-15d0d55ef666","block_type":"box","text":"sions of a scored entity.","page_number":5,"box":{"x":50,"y":61,"width":139,"height":8}},{"id":"e80cff59-0e24-41a9-b1bd-df718d1059bb","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":5,"box":{"x":51,"y":78,"width":433,"height":9}},{"id":"e328694c-57f7-43d1-981c-704630030948","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":5,"box":{"x":51,"y":91,"width":418,"height":9}},{"id":"c1ad4c2e-a997-45c0-beae-23e6b00b79f2","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered of","page_number":5,"box":{"x":50,"y":104,"width":415,"height":9}},{"id":"cd3466b3-5409-4bf3-a7b1-edb62b0fa4b2","block_type":"box","text":"f","page_number":5,"box":{"x":464,"y":108,"width":4,"height":0}},{"id":"4a9b958c-6e9e-458e-abc0-d4a2e65640d8","block_type":"box","text":"fice: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone: 020","page_number":5,"box":{"x":50,"y":117,"width":430,"height":8}},{"id":"42e138ae-98d9-40dc-8def-bdb82dda537b","block_type":"box","text":"3395 6000. Facsimile: 020 3395 6350 Web:","page_number":5,"box":{"x":50,"y":130,"width":264,"height":7}},{"id":"f1fa64ba-606c-4304-8c37-7b33531897c2","block_type":"box","text":"www.ssga.com","page_number":5,"box":{"x":317,"y":131,"width":88,"height":7}},{"id":"d492f9ef-0215-4e89-87a1-86436063ef58","block_type":"box","text":".","page_number":5,"box":{"x":406,"y":135,"width":1,"height":1}},{"id":"7a2f3461-f524-46b7-a90e-e32f235af979","block_type":"box","text":"© 2025 State Street Corporation - All Rights Reserved.","page_number":5,"box":{"x":50,"y":159,"width":326,"height":9}},{"id":"6ac40dd8-0816-44e7-a82f-570b8b467440","block_type":"box","text":"Tracking Code: 7765755.1.5.EMEA.INST","page_number":5,"box":{"x":50,"y":171,"width":236,"height":9}},{"id":"8c7defaa-98e3-465b-a027-fa9e2a4cf659","block_type":"box","text":"Expiration Date: 10/31/2026","page_number":5,"box":{"x":51,"y":183,"width":163,"height":8}},{"id":"bff3c6bd-5f22-4caa-85c7-b9855dddc3e7","block_type":"box","text":"State Street Global Advisors Worldwide Entities","page_number":5,"box":{"x":50,"y":195,"width":284,"height":7}},{"id":"b3f0194d-5b3c-44ad-8ca5-9203d5170457","block_type":"box","text":"Report ID: 5087759.1","page_number":5,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"16dcd038-1053-458d-adc8-5ab9ddd4da79","block_type":"box","text":"Published: 18 Nov 2025","page_number":5,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"7d641b40-9430-4cf3-85d2-a76ad2ceef98","block_type":"box","text":"P","page_number":5,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"5f35b631-e869-4597-8cc3-1c414ca69b0a","block_type":"box","text":"a","page_number":5,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"5c15f44a-2b85-43d2-a615-8dc022748650","block_type":"box","text":"g","page_number":5,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"d4897b70-254b-4af5-a059-1e7e844588ec","block_type":"box","text":"e","page_number":5,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"0e9700b7-f195-4cf6-af79-30156f017ecd","block_type":"box","text":"5","page_number":5,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"b315d7fc-f96b-41ac-89ce-e5c2edc08a28","block_type":"box","text":"of","page_number":5,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"dd90ba71-40e3-48ba-94ae-391522180074","block_type":"box","text":"5","page_number":5,"box":{"x":944,"y":968,"width":5,"height":6}}],"unit":"per_mille","page_width":595,"page_height":[{"value":841,"pages":[1]},{"value":842,"pages":[2,3,4,5]}],"attributes":{"chunk_type":"page_range","start_page":1,"end_page":5}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"42a9c75a-be68-43ef-9ed8-0958bee1da5f"},"user_id":1000002,"date_created":"2026-10-05T20:51:37.345000Z","date_modified":"2026-10-05T20:51:37.345000Z","private":false}