{"annotation_id":"9cefcc11-ae63-4f37-a9e2-f5eaaae815ca","file_hash":"78466eb2675c1091ba330b38744263d288f845e53007d5b734d07b1da483ed87","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"20815e70-d6f7-4d3b-8acb-b60b7e4b22e5","block_type":"box","text":"Advanced Emerging Markets","page_number":1,"box":{"x":50,"y":71,"width":504,"height":23}},{"id":"d188a1a0-aa4d-4261-ba0a-25b43d77ce42","block_type":"box","text":"Screened Index Equity Sub-Fund","page_number":1,"box":{"x":51,"y":105,"width":561,"height":23}},{"id":"58fcbe7f-722f-4c98-8f97-35a47dfa1377","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"1e03eb3c-e0ed-4a0e-8dd6-8bc8551ff0d0","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"6aa80de1-4593-4474-a6f2-8ad70c46240b","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"4860a949-e989-41c1-9e1a-7c497a868a12","block_type":"box","text":"GB00BDCLBJ73","page_number":1,"box":{"x":754,"y":107,"width":91,"height":6}},{"id":"dc4f93a6-a766-4c73-a807-1b9e741af56b","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"f82de40c-d3ff-481c-9186-279f2511b16d","block_type":"box","text":"Unless otherwise stated in the fund's governing legal documents, the metrics referred to in this report do not form part of the investment objectives or","page_number":1,"box":{"x":51,"y":174,"width":884,"height":9}},{"id":"24775480-72fe-41bd-b317-424a272e62ed","block_type":"box","text":"investment policy of the fund. The provision of the information in this report should not be construed as a representation of the fund’s current or future","page_number":1,"box":{"x":51,"y":187,"width":888,"height":9}},{"id":"6175dead-7c6f-4921-9364-69d38f187869","block_type":"box","text":"investment objective, nor its sustainable characteristics. It should not be viewed as an indicator of the fund manager’s current or future investment","page_number":1,"box":{"x":51,"y":200,"width":866,"height":9}},{"id":"7cc1c4a0-e11d-4dbd-8d0f-c0f702ee1a89","block_type":"box","text":"decision-making. Please refer to the fund’s governing legal documents for further information with respect to the fund, including its investment","page_number":1,"box":{"x":50,"y":213,"width":842,"height":9}},{"id":"4eed3070-4bf8-4cae-91a6-6a4828642db4","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":226,"width":560,"height":8}},{"id":"65b5ef48-90d9-4011-a791-ce7b603c5e42","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"d064f438-d9cd-4549-87a7-be5580754222","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":307,"width":844,"height":8}},{"id":"140f59ba-c4f5-426a-9b06-957f92993f44","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":321,"width":875,"height":7}},{"id":"a3543e31-bc99-45b5-8747-37df832a6f85","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":332,"width":481,"height":7}},{"id":"b2bc53c8-8675-4042-ba5a-a6110e65f2d9","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"37db47d1-4326-40c7-b80d-d56864c240eb","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"805a5c80-5818-49c1-9541-b92f1c86361a","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"9e8c380a-16e7-4cdd-ad55-48134235da2a","block_type":"box","text":"1.76%","page_number":1,"box":{"x":105,"y":402,"width":50,"height":8}},{"id":"f61fb80a-4277-49bf-8b6c-21dc00c44068","block_type":"box","text":"2.11%","page_number":1,"box":{"x":338,"y":402,"width":51,"height":8}},{"id":"7f89b695-b075-4361-99b2-8168752b345b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"db85dd4a-a492-436c-bca8-99cfbf0da87b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"05feef1c-a8da-41e3-81fc-8703f4d25d9b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"5b030a1e-6f51-4333-a1c4-3b6b2ac7813a","block_type":"box","text":"99.97%","page_number":1,"box":{"x":416,"y":432,"width":45,"height":6}},{"id":"12b6f220-51db-4878-b69e-7cff973fc6f2","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"6dec3678-b938-4c06-b586-694fdd3db752","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"83770736-2044-42cc-bc0a-31a4dd37b875","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"28f7b13f-cc80-4141-8700-4c99dca2b03b","block_type":"box","text":"2.80","page_number":1,"box":{"x":105,"y":512,"width":39,"height":8}},{"id":"855aa655-4026-4c2e-8c23-4b885a9f4f9a","block_type":"box","text":"0.43","page_number":1,"box":{"x":338,"y":512,"width":39,"height":8}},{"id":"4ce22abc-26c1-49ca-9098-b655235ed34a","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"ccd5122d-ed59-4bcb-badb-59c36a33da99","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"8e0fcb03-7224-4346-bde9-4814e2d34099","block_type":"box","text":"99.26%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"5a6dac2b-a8ab-4827-a71b-62545fec4b2d","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"5d95a13e-a845-468e-a653-6ee156c1f44c","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"3a05e679-6a2c-4437-8711-524000a2b05c","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"1705e52d-6b74-40ef-a557-971e8ddaf428","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"14cf8ab1-f879-4d29-a70e-a1d892a5455b","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"e27c37a5-4be3-4a75-8395-73dc2c0154a8","block_type":"box","text":"43.25","page_number":1,"box":{"x":322,"y":617,"width":37,"height":5}},{"id":"165623e1-506e-4117-a1ed-f6698036e2dc","block_type":"box","text":"99.97%","page_number":1,"box":{"x":438,"y":617,"width":45,"height":5}},{"id":"0d0c9ae6-36e1-48fb-9af2-ea35bc8fb373","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"97c97f2c-d3de-4bc3-aaeb-8f9d1df171b7","block_type":"box","text":"23.82","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"06a7b491-ea9e-44d5-a21b-da833d9c5ebf","block_type":"box","text":"99.97%","page_number":1,"box":{"x":438,"y":633,"width":45,"height":6}},{"id":"07eb2f9b-c061-4cd5-80bc-ddb89e3621e0","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"ce14fc1c-77ef-430b-95c6-1beeb1142214","block_type":"box","text":"290.77","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"b7f9cfed-893e-4de3-8821-2d7072b911fd","block_type":"box","text":"99.97%","page_number":1,"box":{"x":438,"y":650,"width":45,"height":6}},{"id":"cabc1de4-0213-44e8-85fa-8112fd16108e","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"9a0ef739-f963-48cb-bdb8-dc5b4aa330d8","block_type":"box","text":"67.19","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"4fb9c73a-c53c-48d7-b856-a6882d571e8b","block_type":"box","text":"99.97%","page_number":1,"box":{"x":438,"y":666,"width":45,"height":6}},{"id":"54390854-0a64-4cd1-ba5e-35f0210a4775","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"3555caec-6efb-471e-bfb3-1223b5b2b365","block_type":"box","text":"373.73","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"420a1268-79ed-4b7b-957c-06958c6bb3dd","block_type":"box","text":"99.97%","page_number":1,"box":{"x":438,"y":683,"width":45,"height":6}},{"id":"5be0fbd7-95c5-46ff-b4ec-6153833592c4","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"43a6aec7-b225-4804-a8b4-ce18e3b3f232","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"737e7d30-7638-4ee2-b9a2-a795ee2fb9ee","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"5a27c3e7-26b9-4fc4-b041-5e722c03ce4f","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"3a4cddf3-5390-4c03-9e5b-9fa03ffa2a38","block_type":"box","text":"6,246.93","page_number":1,"box":{"x":780,"y":417,"width":60,"height":7}},{"id":"bb2e2a86-9a52-427a-8709-bb92c860b25d","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":417,"width":45,"height":6}},{"id":"9a3a9b5e-7d61-4347-9b1b-6a429f343396","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"6df9e19f-7438-44dd-8d0c-2e5bc30e424c","block_type":"box","text":"3,441.02","page_number":1,"box":{"x":780,"y":433,"width":60,"height":8}},{"id":"d927eee2-e064-4117-9e38-04a5a299ff0d","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":433,"width":45,"height":6}},{"id":"05ba7727-47de-4850-a3b4-0fdd6aaac613","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"2b4cc4ce-90a7-4622-b281-5c22170da179","block_type":"box","text":"41,996.59","page_number":1,"box":{"x":772,"y":450,"width":68,"height":7}},{"id":"ec5c845a-d347-4667-8d0d-0eebafb80cbd","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":450,"width":45,"height":6}},{"id":"f4e5e888-8332-4681-bb56-306776dc59f7","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"75b49a3a-8d3a-4ac6-8836-82827f4d25be","block_type":"box","text":"9,704.77","page_number":1,"box":{"x":780,"y":467,"width":60,"height":7}},{"id":"995aecf0-0ea0-4df6-a27c-0cae502abd08","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":467,"width":45,"height":5}},{"id":"803555ac-c501-46ae-868f-83dde69f7133","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"2570cec3-74c9-49a6-bd9c-9af13bba2456","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"85290891-c24f-46c8-8268-79438cb88ad0","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"0683ba5a-a1ed-4a1e-ad37-a56a60289278","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"21e368ce-ce50-42f1-a840-9adf5f7c5168","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"c2f64712-3f00-48a1-83e9-32f97939bad4","block_type":"box","text":"83.23","page_number":1,"box":{"x":803,"y":548,"width":37,"height":6}},{"id":"5fd2cc44-3762-46d7-9d16-af18ea49f99d","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":548,"width":45,"height":6}},{"id":"8a9e4bc9-b26a-4e61-93af-f29865963c7c","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"e119d2ba-0603-48dc-b879-620b6d14c8eb","block_type":"box","text":"102.56","page_number":1,"box":{"x":796,"y":564,"width":45,"height":6}},{"id":"01115253-1f9f-4e3f-9e35-808ace5eae0d","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":564,"width":45,"height":6}},{"id":"ba81ee96-ea10-4434-bc2d-28c6189988c8","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"13703616-a5b2-4488-a478-c51eadc59716","block_type":"box","text":"611.70","page_number":1,"box":{"x":795,"y":581,"width":46,"height":6}},{"id":"5000038d-0310-48da-8dd1-e3ad6f3368e7","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":581,"width":45,"height":6}},{"id":"070eacd9-163a-4c90-a619-c240482853e1","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"704567aa-351d-471e-bf9f-c309ab10bf51","block_type":"box","text":"185.87","page_number":1,"box":{"x":796,"y":598,"width":44,"height":6}},{"id":"75141762-6b5b-4f76-8655-7c9557ae709a","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":598,"width":45,"height":6}},{"id":"2f7c4a69-19b7-4cac-bbef-9257610baadd","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"b8d83b57-a189-4ef1-b11b-9cfb1e4ca414","block_type":"box","text":"801.14","page_number":1,"box":{"x":795,"y":614,"width":46,"height":6}},{"id":"6ed50398-8187-4e14-b56c-fd5f16fc2c01","block_type":"box","text":"99.97%","page_number":1,"box":{"x":903,"y":614,"width":45,"height":6}},{"id":"e9ce741c-49af-4fad-a6a3-67d40d8c0652","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"3541d2de-5195-408f-a188-3d4b0cc88550","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"ad764862-2ea1-4ac4-8509-1437a0f53a3f","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"e2e05ece-8b36-465c-bf4d-76408901af79","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"4de0fb58-6c6d-4b4f-bb52-803a5308d0c0","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"46990e1f-b04b-4192-bdb6-ec6bb43bc34e","block_type":"box","text":"-7.55%","page_number":1,"box":{"x":797,"y":696,"width":44,"height":6}},{"id":"bfe52238-0efb-4ce4-896c-ed3f951a3885","block_type":"box","text":"99.60%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"a11cb30f-f551-42dc-aec7-6fc7c5d085d3","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"b8e45874-c746-4f1f-b82a-1d6ffd9a4c23","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"04ac8fa9-44da-4bf3-a67d-baa640cff28a","block_type":"box","text":"0.38%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"1c1b7807-f425-4108-8ee8-d0aa99d397e6","block_type":"box","text":"89.08%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"173ceaab-56c9-412b-a20a-41c23028e436","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"58c3654c-9394-4c78-a8c6-6880f27d7b2b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"c61ba9c1-8167-4e9f-863f-0ccfee49fd4a","block_type":"box","text":"-0.39%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"891d87b2-7bc3-40f8-9d5e-6b1e3c0e4410","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"8ff73ef6-c439-40e4-bbd6-dda01bfb19f8","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"f294c8b6-26b2-4e4f-b1b0-65409e71df26","block_type":"box","text":"-1.32%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"9bfa619c-6fb2-4bf1-b630-73e64ff78f27","block_type":"box","text":"98.67%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"7a5a6278-2b7c-4af9-933a-6ddcdc471a8c","block_type":"box","text":"Report ID: 5592993.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"3a532ccf-d1c9-4db0-af1f-8c3cc627e0df","block_type":"box","text":"Published: 13 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"b151b7d8-c5b0-414b-871d-df33b36c7c0c","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"1a0c83e6-8152-4520-a7cd-790db4e9ac79","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"2760abb4-155f-4cc1-a5b1-00ffe751c1c4","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"6476b9d6-f717-44c6-8acb-fe80dff07d46","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"e15d7a3c-e1a8-4ac9-bd61-0886cd6ba3f8","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"3ba46e9d-f7f9-4f9f-861c-8a660cb3bef1","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"3a02147b-f5fc-4b56-b94a-7ee615cd5d5a","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"6981f9bf-0bf0-4bce-901c-efd6629b8184","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"bc838468-4786-423d-bec5-ba33c4efa056","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":"e125d851-815d-41be-8820-2204eaadd9f2","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":"293a776a-0163-4567-9944-a95541a74eba","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"8ac118ad-19e9-46b2-9970-63cf5d1b73bb","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"12cde860-d597-416c-b161-a7813c800ee9","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"9591333d-acc9-4957-8acd-271aba875541","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"a15563a6-b6e1-474d-ae4c-8048a95ecfa0","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":"f080eb1a-b005-413c-85d4-0022f4c4ef75","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"8a3426fa-1598-4ec8-928a-cf4d0ff57578","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"4c15f1ed-8345-4543-a277-7a896b007709","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"2a7a1a77-50fd-43cf-9c3d-2e92db70da53","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"3c071246-2b9b-458f-bdd6-e495a83bc3c9","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"8765e46b-0dfa-4506-a12b-1aa40c5584c1","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":"c6983ed3-f52a-4be2-ad2e-1846d4179469","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":"6b759834-646e-4bdf-85ce-dfa35e526dfc","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":"d6c77303-1050-47d0-8edd-5bdd51559e4a","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":"4d429cc5-bb75-43f7-a24d-1b9e499e4ce6","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":"d3c7e174-ee9f-4f69-bc74-a858002781dd","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":"d3939876-0bab-479c-8703-27f7a57dbbad","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"a33ffff8-7c75-4a45-a654-b34388d9e5dd","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"aface460-793f-420c-bec7-223205b9b081","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"048cefa0-0887-49cb-b834-04ab89662d2b","block_type":"box","text":"Security with Green Revenue for the portfolio level.","page_number":2,"box":{"x":51,"y":324,"width":301,"height":9}},{"id":"45621806-e32b-45b4-8309-21055f05652e","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"041bf4bc-41a6-4783-a4f0-045696cb26ba","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"c8f9f8db-85e7-470f-8a38-c9277f96b1d4","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":354,"width":425,"height":9}},{"id":"c323ca71-6889-4cb1-92f8-24bc6aaf3b68","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":367,"width":411,"height":9}},{"id":"fc121dfc-181b-48d5-8659-99639d6b9e73","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":380,"width":426,"height":9}},{"id":"f8fed616-3cf2-47a8-8f01-85327027496a","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":393,"width":415,"height":9}},{"id":"bcc4f062-4bbe-45e3-abb3-be18deb2f30b","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":406,"width":419,"height":8}},{"id":"38e08d32-cd1a-4f81-9e69-bead1b1a9507","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"27260e58-5d7e-4b39-b346-5da110f5d454","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"9f357b06-2e7b-4488-a6b4-2b78fcb9d3d0","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"ef2c6d5d-a02b-4c12-93d8-97bfe7d42bb5","block_type":"box","text":"Security with Brown Revenue for the portfolio level.","page_number":2,"box":{"x":51,"y":449,"width":302,"height":8}},{"id":"3bce4a32-12cd-4611-9c89-66eaafe08034","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"d84dd3ed-de51-4923-96c2-63081708ab43","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"f0d52013-374b-48df-86fb-db524927facc","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":478,"width":413,"height":10}},{"id":"e23e4fc5-c620-4b83-ab6e-c6a3fb908fe5","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"3b379cf6-98b8-4e26-b219-6920ec428baf","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"eb9221e2-499c-4d85-8d24-01bd2047d14e","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"baf6b94c-1139-4e67-9db9-b15da9893cb5","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"62ea51f2-e758-4f1b-867f-f2f32e50785c","block_type":"box","text":"Scope 3 carbon emissions intensity normalized by enterprise","page_number":2,"box":{"x":91,"y":540,"width":362,"height":9}},{"id":"0dde3fca-d405-4e6e-8202-d880b5132773","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"d275bdaf-9442-4aa4-ac9d-6b32ccbd7f6e","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"23efaa1c-1b3b-4b9f-acc3-b16ed1729b3f","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"a0e9a255-5d45-4361-b7eb-bd455c0bcd22","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":50,"y":583,"width":426,"height":9}},{"id":"717eed91-1090-482d-a069-8b4fbc8bd5f9","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":51,"y":596,"width":418,"height":9}},{"id":"e58c6c39-00e8-41b0-91d9-53883b9a8e9c","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":51,"y":609,"width":425,"height":9}},{"id":"d818c4bf-f52f-40d2-ae22-d30f9e4834eb","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":51,"y":622,"width":432,"height":8}},{"id":"174ca6b7-9d9d-4448-b439-e5130c6d7fa7","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":50,"y":635,"width":415,"height":8}},{"id":"0d794aac-62f5-47d1-9359-7f057fd47429","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":50,"y":647,"width":419,"height":9}},{"id":"4e20bde0-d063-46b7-a529-f7e79e444f25","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":51,"y":660,"width":398,"height":9}},{"id":"579a5811-4127-4c11-a7a9-f9a39d506e55","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio level.","page_number":2,"box":{"x":50,"y":673,"width":422,"height":9}},{"id":"25c419e4-5cb8-483a-a828-db7b9a843906","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"c7da37f0-e433-4459-817d-3db13f990b3c","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":95,"width":322,"height":7}},{"id":"7fd4011e-f251-4959-8235-7557d1b4dca8","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"a01a7fcb-813d-44a7-96a6-b5fdc01d1852","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"5f33ad12-21dc-4024-8bd7-fe59b8d1b072","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":125,"width":317,"height":7}},{"id":"f1dd225a-f240-45ac-b0d5-e9843c5f66fe","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":138,"width":388,"height":9}},{"id":"dd961286-6103-45d0-a276-4c7298eb1bb8","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":151,"width":383,"height":7}},{"id":"685897e3-7eed-4416-b2ce-8733c2516c81","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":164,"width":391,"height":8}},{"id":"4ef43259-657c-4e26-859b-4406e98dbad2","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"9b93200d-0184-4acf-bbd6-d6513fafc1b7","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"ffe22dc2-b2a6-4bbc-b573-e46bf781d547","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":194,"width":332,"height":7}},{"id":"58981506-650a-418b-bd29-6c070123877c","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":207,"width":386,"height":9}},{"id":"eba1d36c-11dd-414f-afe1-5e5195acf952","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"aabd4195-42e5-4bdb-821c-5cbd3ee88c20","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3","page_number":2,"box":{"x":515,"y":237,"width":362,"height":9}},{"id":"805ff66d-88af-4240-bb47-c37145f34983","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"0a0661e0-cc4c-4e2f-9ada-d8c2b5c9676b","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":250,"width":422,"height":9}},{"id":"8a5de29d-eb7b-4ca5-a060-b8c6cc67f95a","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":262,"width":394,"height":10}},{"id":"50a106aa-3532-4c78-adcb-9681a75bcb71","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":275,"width":426,"height":9}},{"id":"87dda366-172c-45f0-beef-ff2e0336472f","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"1d7b24f2-4654-409b-a33c-020d0689d6c2","block_type":"box","text":"Please note that the scope 1+2 and scope 1+2+3 values for Total Carbon","page_number":2,"box":{"x":516,"y":306,"width":428,"height":9}},{"id":"feeaa553-5a37-44d9-9c3e-f2a7d3d499be","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":319,"width":412,"height":9}},{"id":"a620e367-872f-4308-8f22-3a8688769532","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":332,"width":274,"height":8}},{"id":"a56e0293-e3bd-47d1-9c2b-e7414b9a6169","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"ef9eb1cf-68a2-4f9c-b70b-c92ff3d945f3","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"b15572dc-43c0-4b87-91d0-40b41aac8f88","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":345,"width":318,"height":8}},{"id":"11a8d3b1-bdeb-4d44-9e4a-3811dcc88947","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"902fc83d-6ec6-4c2c-818e-9d7fc60436a0","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":357,"width":335,"height":9}},{"id":"57e145d2-5a09-4997-9df5-4c4f1484cdc1","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":370,"width":349,"height":9}},{"id":"9f2c16e4-b962-490a-b986-2ba9709aa035","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"0e4f7773-d64a-4e7e-9747-1f07334b6b17","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":383,"width":422,"height":9}},{"id":"0a852635-d62e-456b-bac5-3e059672dda4","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":396,"width":337,"height":9}},{"id":"0556afe5-9765-4911-b27e-6078a70361f1","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"8eeb2ab7-d28b-4800-a13b-88dda8a99c88","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"a2cf35b7-0207-4b0e-af25-9e200f3ffd21","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":426,"width":405,"height":9}},{"id":"452f6a3b-e39f-4cd4-8329-0f632562f5ff","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":439,"width":412,"height":9}},{"id":"ebd91c0d-5870-49d3-ab24-1bcd4752e3d4","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":452,"width":419,"height":9}},{"id":"8d76dd7e-5f7f-4e22-ba33-5786f9ff9977","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":465,"width":424,"height":9}},{"id":"88552eca-a49b-4956-b89e-1812c5ffd68c","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":478,"width":406,"height":8}},{"id":"0d7b86aa-593d-4233-b789-f3f1ea8cf587","block_type":"box","text":"temperature to an increase of no more than 1.5°C in the year 2100","page_number":2,"box":{"x":515,"y":490,"width":388,"height":9}},{"id":"2eff9e8b-fe76-42fc-a5a4-052acf976edf","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":503,"width":433,"height":9}},{"id":"cf818688-68ce-4817-8c33-28371a205a04","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":516,"width":418,"height":9}},{"id":"7fa419b3-efb6-4d9f-a1a8-1930984c4e0e","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":529,"width":417,"height":9}},{"id":"d8e01543-a1d4-4dd0-ab52-0541be1d592b","block_type":"box","text":"fair shares by a similar proportion, by 2100 we would end up in a world","page_number":2,"box":{"x":515,"y":542,"width":412,"height":8}},{"id":"7a0e0557-409e-401e-b394-8c22246890f3","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":555,"width":411,"height":8}},{"id":"5d0779c1-c1f7-46b7-8112-d2332df52e09","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":567,"width":425,"height":9}},{"id":"624c55d6-4149-4a56-94a8-392b9c049e3a","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":580,"width":433,"height":9}},{"id":"17e3c0ac-6fcb-451f-9f27-a3329ce6f741","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"bc5d6a02-2f7e-4331-b036-416b03f83744","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"416a32d8-0508-4cb3-9db5-0b91ae6db22f","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"900a0aab-d9ff-432d-9bf1-e6e1481eb38e","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"977ab37d-e6d6-437e-9f13-a3a1b9979b83","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":623,"width":426,"height":9}},{"id":"fde4fc92-5443-4d93-9546-3d7b6ea8f3c2","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":636,"width":431,"height":9}},{"id":"bd7a2b4f-7bfa-4332-9f87-ecdf0b4f706b","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"68f271c4-4075-44b9-b0a1-fd90b9ccb6dc","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"e4aac095-6eef-48c0-89f0-a607c1721313","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"8f760997-b701-4b7d-83c2-0ffd262e7e28","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"d7045b6d-8fe4-4169-8809-fcc02706519f","block_type":"box","text":"Report ID: 5592993.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"823bf98d-39b3-4b25-941e-40c933e78ec6","block_type":"box","text":"Published: 13 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"8b033924-d7d7-4535-9789-19651b3d1a86","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"5adec449-9eab-4b8c-ba23-330c37e8278e","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"6c94b141-6703-4c53-975f-f20a6fd65e37","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"349b9c7b-619e-46a1-9444-06576a56f7b3","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"1696ddbb-d0eb-4da0-a603-a7de6ae44c2d","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"0d2d5ea9-63ae-4484-9fe0-5ff5b8d441b5","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"cc00d967-5136-4295-9c7d-74a5ff723b0d","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"e710b9a4-8ead-495d-916f-442afc43cffe","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"71edce62-a501-40a2-90e0-6a8d264911f2","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":"72f964b2-7ee6-4f3d-87ae-de0fb2607370","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"5c56cbab-ad3b-42cc-93ed-d24690407b0b","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"9e1b3095-fe23-4256-a092-e8171caafca4","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"b4f37e3d-be60-4aa7-8270-8186f354e584","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"f8841008-d964-42e9-9629-bbb3ae6db239","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"620380e4-d87a-4725-a242-7642323eb1eb","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":"cfa40fc6-72ee-4445-aca9-f9cc11b4c8d2","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":"5aabacca-fe6c-4c0e-b030-3ee545a28f35","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":"b84020b1-c1a3-497a-b51a-1e69580da288","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":"ebbfe6fc-ef83-462b-afa4-82dde796f74c","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":"9b10daf0-3145-432e-921c-71d0c02db13f","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"28509ce9-c225-4092-8b9d-3f67583425d4","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":"9614eb3d-9429-43f0-b05c-8530b0408381","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":"d4152788-abf7-47cf-9a0c-8309a43e5ffa","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":"1306b13b-0feb-4961-867f-f39cd5170896","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"dbbf98d5-8739-429c-b074-f21ba6a50cd5","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":"addf2a1e-7881-4ead-9aaa-410e584c2712","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":"c7f85de0-484d-4c72-ac7f-2cd2077dfb06","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":"f5754f0b-caac-44f9-bb32-cc4c6828881f","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":"1ac631f6-486c-4adb-9922-2af5125f94c5","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":"76ae74e2-88a8-4b0a-a6a7-3fed4987b100","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":"f994f8ff-e1fa-4276-bda4-2d5031519dd4","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":"f496310e-33ca-4ae3-b4fb-22b2863bc227","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":"c5fa10e3-de66-48e0-9a22-a003004ba121","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":"36454465-790f-4a1a-9765-c885bc264deb","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":"6352ceaa-8f4b-440a-a16e-ddb385c1b515","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":"3aed725d-2a84-4da8-a756-2f2329a09b98","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":"d9a73cd3-6742-4162-afd5-170e40fe1e02","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":"8e4e8050-1371-47f3-9d39-eb70cc1daf43","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":"1decc71d-f815-4212-a167-7a2dd50e457c","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":"047cae14-2bc4-4845-bdfc-00652f819490","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"79dda074-9e5c-4181-94c1-2e7e0c7dbf79","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":"a91061b6-71a6-4513-81ec-ee651ec73481","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":"77c0e492-a079-47de-8394-e7289d6eb6b0","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":"7b37ef16-c663-4698-ad81-1a7aa98e34f3","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":"b26bae3e-4ff0-43b4-8953-5abdf14b6a58","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"acbe9e3f-00ee-4630-8c64-743d8ad32458","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":"20c5301f-f5fa-42c3-a4bd-81a3bc888e1f","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":"11c845e7-1eff-421e-a3db-5a9473516562","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":"9a981214-fc08-41b8-afd3-ad80f7e62d73","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":"a78af60b-d5be-418f-8230-9c8d92f9bcd0","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":"ff0fa3bf-4b54-47f3-a365-a3f40f199f0b","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":"a32b63d8-f2b1-48c9-9285-b6d13fd8399b","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"e64f6bcb-7a95-4596-949b-62c47d74f9fa","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":"76a4846f-2f16-4cb8-99e6-3138b791d17b","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":"d3f33857-6e5a-4d8e-a461-2e900d3d8a3b","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"53317b1b-93b9-4f82-9a9b-6c2dc508bea2","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":721,"width":430,"height":9}},{"id":"d2f58db5-fe2c-4a6d-9ea3-3413ddd65044","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":734,"width":420,"height":9}},{"id":"5666fd05-450a-4d43-8e03-556de52c8635","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":747,"width":372,"height":9}},{"id":"a67cf655-8db8-44cd-b3d8-3d9e0ec6baeb","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":765,"width":414,"height":8}},{"id":"8e47c840-97ce-4032-b897-d8dd1a44f6df","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":777,"width":400,"height":9}},{"id":"d5b11c05-ca95-4088-b9fc-d67a60fd3c6f","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":790,"width":396,"height":8}},{"id":"08f27319-1f0a-4fdb-acd5-577bd7b51267","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":803,"width":416,"height":8}},{"id":"4e4ffea9-6603-429e-955d-7a8ade2213ae","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":816,"width":403,"height":9}},{"id":"38845b5e-64a0-4300-8995-1c83ad871a9d","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":829,"width":407,"height":8}},{"id":"a9763e8b-9e32-4c54-b2f3-137cc3e1d126","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":842,"width":410,"height":8}},{"id":"ff2cd831-d36b-474f-8e73-5f9cabe6119d","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":51,"y":854,"width":414,"height":9}},{"id":"df07f47d-9f02-4e14-b299-8039b87f7090","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":51,"y":867,"width":428,"height":9}},{"id":"75e6224d-de76-4687-82df-85e588636828","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":51,"y":880,"width":432,"height":9}},{"id":"0269f76a-07ae-4bc0-93f1-6afaa6ce4942","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":51,"y":893,"width":421,"height":9}},{"id":"8f3049d6-350b-402a-be11-cf7e4a5327b3","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":51,"y":906,"width":430,"height":8}},{"id":"f3146c7d-3b47-4ef7-bc9d-6be421593790","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"07f4e244-1cdb-4daf-9c30-0966982164d8","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":92,"width":416,"height":9}},{"id":"07eb9004-b377-4950-9d33-66bfe0e40fcd","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":105,"width":415,"height":8}},{"id":"a1ea9688-953b-497a-87f6-027090b347bf","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":118,"width":422,"height":8}},{"id":"40d2e9cc-6a07-43e0-acaa-c01bd4c1fcf8","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":130,"width":307,"height":9}},{"id":"7a78a694-a2c5-4257-bb45-a3738fc075e3","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"cf187dd6-022a-4857-9413-bb5984dadec7","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"3e26bd26-8bf8-4123-bf8d-82a6847e2309","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":143,"width":292,"height":9}},{"id":"eae2cf51-b1c9-4c79-aaf2-911a5ab2370e","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"95518832-f11f-4422-89ab-11ecb07744fc","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":156,"width":421,"height":9}},{"id":"5240c2c2-0c64-414f-b73e-8569b00965c4","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":169,"width":390,"height":9}},{"id":"a938923d-2d0b-46db-91a1-84b5682676c1","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"b3f64e92-6bb4-40d8-9989-1ea0ab5e520f","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":187,"width":418,"height":8}},{"id":"1599b579-3506-4596-a9f4-379b2fc29afb","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":199,"width":431,"height":9}},{"id":"60ad67a6-1700-42bd-8c5a-9effa0907847","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":212,"width":354,"height":9}},{"id":"c052d598-89c4-490e-9439-b6ba444670be","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":230,"width":403,"height":8}},{"id":"ecc77490-367e-4e63-909a-457f053395ee","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":243,"width":411,"height":8}},{"id":"8d3c5175-2c9e-4dc5-98f1-29da3ba9b277","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":255,"width":401,"height":9}},{"id":"1e738891-e5e2-4d7b-888a-2b9d2427b77b","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":268,"width":402,"height":9}},{"id":"a356fdf6-49a9-4fcc-acb9-b44e43e1c33d","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":281,"width":416,"height":9}},{"id":"cf21d306-cc2c-48a6-ba14-a43089cb68a1","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":294,"width":338,"height":9}},{"id":"65802ee0-8fe4-4d2c-99ca-14851c03da22","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":311,"width":408,"height":9}},{"id":"a92dbf6b-2c83-4e01-b0ef-2a49eb467bb4","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":324,"width":416,"height":9}},{"id":"89556b9c-e162-404a-9d03-d872083210bd","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":337,"width":382,"height":9}},{"id":"1e5aff19-dc89-48f7-b66f-38ebf605648f","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":350,"width":397,"height":9}},{"id":"03adb892-31d5-4a65-aa5a-3f9b52e4f497","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"43ffc969-ee19-4197-a95c-b7c1fcadb5fb","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":380,"width":398,"height":9}},{"id":"311f41c0-f53a-4a31-8815-e5979265e975","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":393,"width":407,"height":9}},{"id":"7d77bbe2-3f58-432d-88dc-7322066d85a4","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":406,"width":427,"height":9}},{"id":"15a20618-06e9-48ef-8ce6-e4dad6bc99f2","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":419,"width":403,"height":7}},{"id":"26d98352-781c-4876-be41-f12c96208082","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":432,"width":393,"height":8}},{"id":"cd5c1c9a-ea88-4d04-9af0-458c5adf1512","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"cf9a2fd6-dadf-462a-9008-c0a289a21b12","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":462,"width":389,"height":9}},{"id":"c068ce05-4b16-4493-8ad0-38602b2e6e6d","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":475,"width":379,"height":9}},{"id":"88d2415b-e75e-4eee-85f3-26e3852054d1","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":488,"width":360,"height":8}},{"id":"af6e0ec9-7895-4801-8fad-ac6a07d7d0d3","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":505,"width":419,"height":8}},{"id":"b0da52bf-8f7e-4631-9158-4e39c89d08b5","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":518,"width":431,"height":9}},{"id":"ed275f51-97f4-4e9b-b0c8-de7658817e4f","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":531,"width":428,"height":9}},{"id":"9d39e07a-f999-438b-bdee-daf9c206bba4","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":544,"width":427,"height":9}},{"id":"aaa00bdb-49e7-44b3-bea5-1c5ddd29942e","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":557,"width":411,"height":8}},{"id":"2aac9b2c-8a5f-45c9-8f1c-3e81c7e54221","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":570,"width":395,"height":8}},{"id":"68f59d13-9143-4bad-bca9-d32f508fa86b","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":582,"width":411,"height":9}},{"id":"24592322-bff5-4b2e-86cb-716dced9b6f2","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":595,"width":396,"height":9}},{"id":"667ee7b8-341b-4e02-9918-469058173824","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":608,"width":433,"height":9}},{"id":"98944f29-685b-4e59-a26a-71672bc35c32","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":621,"width":420,"height":9}},{"id":"4f41d5bb-144a-4f0d-a0c8-02883cc14cd2","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":634,"width":422,"height":8}},{"id":"9cf12678-2025-4fb6-b7fe-89a9f22ea3be","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":646,"width":392,"height":9}},{"id":"96c51821-7c1b-4cbc-8e29-997d6c4a3d7a","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":659,"width":407,"height":7}},{"id":"e783a92a-5094-455c-804f-d4903f5eae2b","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":672,"width":413,"height":7}},{"id":"d88b0965-f3d4-4eac-9d83-a64de1effaa9","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":685,"width":412,"height":9}},{"id":"5bae8fee-ff75-487f-aef3-22d5b2fbc99d","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":698,"width":431,"height":8}},{"id":"ddd1a6c6-a59a-4147-854e-226585d3f880","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":711,"width":398,"height":8}},{"id":"2e9336b5-57fa-44c3-b77c-3fa066be0c56","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":723,"width":403,"height":9}},{"id":"4c94c174-fb51-43cc-94b0-90ccd1849b98","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":736,"width":401,"height":9}},{"id":"80855f6c-a71d-4971-b47e-f6f4a43004dc","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":749,"width":418,"height":9}},{"id":"6d56a90a-cb99-486a-a924-69fbbfa31e10","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":762,"width":428,"height":8}},{"id":"5abf6c5e-70ea-445a-871e-9c9d5bf08ef7","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":775,"width":405,"height":8}},{"id":"6f7b4073-a40a-4f36-8771-3e07c2ccee09","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":787,"width":426,"height":9}},{"id":"1724dd2a-97b6-47ef-90c4-f1f5f5787929","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"2c222894-71cd-4041-acec-e23adb8880a1","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":818,"width":429,"height":9}},{"id":"868c1a39-81f1-47f0-92aa-01a8376e58a7","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":831,"width":428,"height":9}},{"id":"47219d1a-f17f-4a07-ab18-bc7c4c3c8b4e","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":844,"width":415,"height":8}},{"id":"4ffdd92b-5ff8-450c-b06e-c0de36ce0973","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":3,"box":{"x":515,"y":856,"width":389,"height":9}},{"id":"d06fc594-24d5-42fe-a795-52bd8902a5b7","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":3,"box":{"x":516,"y":869,"width":432,"height":9}},{"id":"8f236fcf-c9c1-49dc-9373-a60a49bad8c0","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"a5d22b83-0c45-418f-a90a-c13a33610e1b","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":3,"box":{"x":516,"y":904,"width":360,"height":9}},{"id":"1a28fe74-9bfa-4eb4-bbb2-d6b44b6868cc","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":3,"box":{"x":515,"y":917,"width":404,"height":9}},{"id":"fcbc6a57-7415-44c1-9fa0-8d80cd0984ab","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"379afe8a-df3c-4491-96f9-35bd476e6384","block_type":"box","text":"Report ID: 5592993.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"8a5a4dfe-07ae-49b3-b3ee-7f1bbc9632fa","block_type":"box","text":"Published: 13 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"3ee1f2e7-3abb-45de-96a8-f348f9dbb579","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"996b06f2-7636-44de-8531-0898f44dd253","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"5ce1e654-ff04-4728-bc81-54580685dc64","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"d9f8b364-00c0-4084-93a0-08f48a0e57a2","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"9183bacc-f9fb-40bd-90d4-e64f68e59801","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"710f025b-8dbf-4616-b50f-349ab3592dd1","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"80c54cdf-b370-4620-a81a-4af4b4e68156","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"c2b2f098-fd7a-4e9c-8e4d-ff51ac739268","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":36,"width":433,"height":8}},{"id":"3a21cf9f-3dcb-4775-87e5-c92f3bd56c2d","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":48,"width":418,"height":9}},{"id":"e1961228-1641-40c7-ab36-531f540b96a1","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":61,"width":398,"height":9}},{"id":"5217c55b-2144-4a8a-97f9-3e2d3462c480","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":74,"width":413,"height":9}},{"id":"b791bc44-cdd7-48a6-82b3-b0947cfa9c58","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":87,"width":292,"height":7}},{"id":"b0805d88-d619-40cc-969b-af7ddbb37f1f","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"64481215-4aa3-4e4b-bde4-1f13dc5d2115","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"ac2fdb85-324b-4e79-a9d4-7cca2e31d33f","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"1fd0235b-0e54-4e19-8b9e-81beaed5c134","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":104,"width":387,"height":7}},{"id":"cc68b2cf-31d1-4545-8dfa-585b8a985a23","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"3e0abbd2-8ab9-4564-ac94-08ad332148af","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":135,"width":385,"height":9}},{"id":"96e1ba89-527e-41d8-82ea-af4cf9375558","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":148,"width":403,"height":8}},{"id":"770b53ff-f683-4adb-b042-438a6792b523","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":160,"width":401,"height":9}},{"id":"43ce434f-68bb-4886-89e6-5bd4ab35169a","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":173,"width":412,"height":9}},{"id":"4988045f-291f-45a7-9cda-5302361be9b8","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"b0d6141c-f86a-4b8f-84ec-7bd34979e11a","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":204,"width":413,"height":8}},{"id":"6619e987-1b9e-485d-811c-daec038f6c79","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"4e0eaf2b-3b96-42bd-9b12-5174cfc749f8","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":229,"width":427,"height":9}},{"id":"f7f60cca-a9f2-4aa8-915b-5f80aebbd404","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":242,"width":394,"height":9}},{"id":"f84d150e-e83f-4f5d-ac36-72ab3eb758fc","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":255,"width":426,"height":9}},{"id":"31655c5b-1af1-4a89-a8b8-34a55dde6a87","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":268,"width":369,"height":7}},{"id":"f6a581a3-2a5b-45e5-a221-b724c204bef8","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":281,"width":408,"height":8}},{"id":"b387b2a0-819a-460c-94f8-01ac17ce0e13","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":294,"width":413,"height":8}},{"id":"83a7e7b8-55d3-4f80-9d8b-4d3e1048522d","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":307,"width":426,"height":8}},{"id":"7d6f8ae8-4c4b-468d-aa4f-205d0a067d34","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":319,"width":277,"height":7}},{"id":"5fa2c716-411a-413d-94bd-fe66cc2f969f","block_type":"box","text":"The fund is an alternative investment fund for the purpose of","page_number":4,"box":{"x":50,"y":337,"width":388,"height":8}},{"id":"2d8bdce5-12ec-4b4b-a545-4075e4726258","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"c8158808-76f3-4d21-9e06-a48abc5aad92","block_type":"box","text":"Directive(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds","page_number":4,"box":{"x":51,"y":362,"width":356,"height":8}},{"id":"09b01ca0-ccfa-4d04-9441-4131316a911e","block_type":"box","text":"Management, Inc. or State Street Global Advisors Trust Company is","page_number":4,"box":{"x":515,"y":36,"width":431,"height":8}},{"id":"7cfd1b91-52c9-4296-af8f-e1adf367dca0","block_type":"box","text":"the alternative investment fund manager (“AIFM”) of the fund and is","page_number":4,"box":{"x":515,"y":48,"width":431,"height":9}},{"id":"951475c6-94b0-433e-b27c-7dc4c49800e5","block_type":"box","text":"an affiliate of State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":61,"width":323,"height":7}},{"id":"f79bced9-d75f-4ad7-9cf0-3d8ddbe3236a","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":79,"width":408,"height":7}},{"id":"7d81dffe-32df-4fe3-bdf4-07cfc20f29ba","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":92,"width":413,"height":8}},{"id":"2b338aef-bbb1-4be0-aca9-01fe5d42c409","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":104,"width":397,"height":9}},{"id":"571e458b-60e4-4c70-be64-77ed7a4d44b2","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":117,"width":391,"height":9}},{"id":"bea44404-8930-44b7-8dbc-92b7c26569c6","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":130,"width":428,"height":9}},{"id":"dee94b44-210c-436c-b4b7-2dd550bf76c2","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":143,"width":420,"height":9}},{"id":"e218c5ae-2de1-4cc7-abb7-d3390b4d72bd","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":156,"width":360,"height":9}},{"id":"953d1dc8-0dbf-45ee-981d-4ede98a3dd54","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":169,"width":374,"height":8}},{"id":"4803bfe4-7442-490e-a82c-bd1282219f3f","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":186,"width":419,"height":9}},{"id":"47abf98b-a61a-43fd-9c06-e5fe5afdfbcf","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":199,"width":404,"height":9}},{"id":"052b1903-bcbd-4ee9-858f-e8e36d8544c2","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":212,"width":401,"height":9}},{"id":"2f1c57a5-7544-476c-b0c9-2ff4f2937910","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":225,"width":392,"height":8}},{"id":"4ea872cc-a7d0-4c65-9876-d75c9d59c76d","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"2cfd9157-1df1-4768-bf4a-ca2d70301fff","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":255,"width":417,"height":9}},{"id":"b223bea2-6201-4b23-a847-3e5ffe347bfe","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":268,"width":393,"height":9}},{"id":"50b694ae-18fc-4747-bd83-dd58d091408c","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":281,"width":411,"height":8}},{"id":"ae3b12c8-6348-4e18-a7f9-84a7ca06af06","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"c1cb19ff-9719-4304-b00e-db307cad2940","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"0a74fec6-0ee6-47a8-bcaf-756e9ade9370","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"385fc769-4595-44cd-b9b4-49e506f086c7","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"6b908965-8233-491e-886d-a061869ce297","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"4b4475e3-bce7-4596-abad-c78a2eae7059","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"5afd275f-635d-4a3f-aae6-f4120f540d75","block_type":"box","text":"Report ID: 5592993.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"c085fa31-0cc4-477b-9c4c-5a854805abd4","block_type":"box","text":"Published: 13 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":130,"height":9}},{"id":"5447cce2-87d3-4ae7-94b5-7803b52daa2d","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"3007bf28-4512-4708-a62d-fe381aa8c207","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"66849df8-da00-406a-b76d-a435b219197c","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"1d62e8f9-9d8f-4630-a3b2-8ed35522efc8","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"37ea53ae-aac6-48d3-9144-aed7bc6945d8","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"7d49d659-fafb-46b3-82de-97a6f5389f9e","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"a0a8e195-eeba-40f7-9274-c54be4d75e54","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":"c3e3a150-24e0-49af-af0d-767aaac6e0b6"},"user_id":1000002,"date_created":"2026-10-05T20:48:24.606000Z","date_modified":"2026-10-05T20:48:24.606000Z","private":false}