{"annotation_id":"9d3b6080-0ad1-4b82-aae9-4c6cbfedfd5a","file_hash":"67e918574b4ba2f6f4d605b58cc2bb816ecdb78eaa51fb4ab7b6accbff8aeaa1","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"0afb2c30-e6b0-4be3-a9b2-311df863adf0","block_type":"box","text":"State Street US Systematic Corporate","page_number":1,"box":{"x":51,"y":71,"width":660,"height":23}},{"id":"0ea69f90-f75c-4031-a967-90afebad606f","block_type":"box","text":"Bond Tilted Beta Fund - I EUR Hedged","page_number":1,"box":{"x":52,"y":105,"width":641,"height":23}},{"id":"784d3021-8c63-4c5e-b90f-240451cd7915","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"f1d903df-a31f-416f-92bf-cc093962477f","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"f337d93a-4134-4bc8-baaf-8c174091d5dd","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"153646e3-ae6c-4b42-8984-6051c4fb0320","block_type":"box","text":"LU2345313790","page_number":1,"box":{"x":754,"y":107,"width":80,"height":6}},{"id":"97dc4453-b5fc-4ab0-b6e2-d676097afc0d","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"8fef6e19-086b-4a87-b7dd-232f4fad19ad","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"90b82582-fe7e-4292-960f-f7ec10d98475","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI, Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":221,"width":878,"height":7}},{"id":"a7db8d40-d505-435a-b311-cdddd679642b","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":235,"width":875,"height":7}},{"id":"39504145-54db-4d8f-be8c-4c87bdd873cc","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":245,"width":481,"height":8}},{"id":"cb0d4053-d559-4a0f-a528-b92badfb64df","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"60b3c72c-77e9-421c-b207-b60ea941bbda","block_type":"box","text":"Companies with SBTi","page_number":1,"box":{"x":50,"y":290,"width":164,"height":10}},{"id":"12031b17-5bcd-4cb5-aedd-08b170fc31d5","block_type":"box","text":"Approved Targets","page_number":1,"box":{"x":50,"y":305,"width":138,"height":10}},{"id":"667c6747-e2de-4b70-bb70-c94a22d7cc33","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":291,"width":146,"height":8}},{"id":"f22f6e24-ca9b-4e02-aba0-6d422bde335e","block_type":"box","text":"43.13%","page_number":1,"box":{"x":104,"y":329,"width":61,"height":8}},{"id":"5641cea7-f461-4710-86af-7b784a59d53e","block_type":"box","text":"0.00","page_number":1,"box":{"x":338,"y":329,"width":40,"height":8}},{"id":"dbadcdc1-7cfb-4cee-8089-b4cc034c5c71","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":345,"width":111,"height":6}},{"id":"96bb35b3-af97-4ea7-ada5-0026aef0a1b6","block_type":"box","text":"Green/Fossil Fuel","page_number":1,"box":{"x":50,"y":376,"width":134,"height":9}},{"id":"24ddbac1-4bf4-4273-b4ec-641f2d01f1c5","block_type":"box","text":"Based Revenue Ratio","page_number":1,"box":{"x":51,"y":391,"width":157,"height":8}},{"id":"7bbdeb4a-29fe-47f1-81e0-0cf7b72feb35","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":284,"y":377,"width":96,"height":8}},{"id":"6136b70d-3ec8-4c67-8d97-baec3e67c73b","block_type":"box","text":"4.23","page_number":1,"box":{"x":104,"y":415,"width":40,"height":8}},{"id":"b84b776f-c848-40d2-b36e-74fae2f602d9","block_type":"box","text":"5.46%","page_number":1,"box":{"x":338,"y":415,"width":51,"height":8}},{"id":"a9608fc4-3b54-4a4e-9e2c-eea9dd558be0","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":51,"y":463,"width":125,"height":8}},{"id":"12996e02-6ea2-4ac7-a9ac-388e5881a49e","block_type":"box","text":"Low Carbon Transition","page_number":1,"box":{"x":284,"y":462,"width":175,"height":8}},{"id":"fae56f0f-3a29-485c-a3de-effbe98eaf1c","block_type":"box","text":"Score","page_number":1,"box":{"x":284,"y":477,"width":43,"height":8}},{"id":"26bb878e-db1c-4a04-b06f-3247426b54c8","block_type":"box","text":"1.01%","page_number":1,"box":{"x":105,"y":501,"width":50,"height":7}},{"id":"cb6553a2-5209-4a36-a68f-f1b8a735c009","block_type":"box","text":"6.16","page_number":1,"box":{"x":338,"y":501,"width":40,"height":7}},{"id":"e90d48c8-1f68-4800-a189-31c8d3fe772b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":530,"width":93,"height":7}},{"id":"6aace90d-8705-4fcb-9bbb-39316c4486f5","block_type":"box","text":"98.64%","page_number":1,"box":{"x":182,"y":531,"width":46,"height":6}},{"id":"d874dabf-a20b-4772-9387-bf1d5a4f6157","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":530,"width":93,"height":7}},{"id":"a4e25811-8ed6-497a-b1da-654dd409bfc5","block_type":"box","text":"96.73%","page_number":1,"box":{"x":416,"y":531,"width":45,"height":6}},{"id":"1f697a0d-b8fd-49f0-bf8f-32e13e48e264","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":562,"width":162,"height":10}},{"id":"6cdf9358-a94b-4ea9-aa38-ad13069cc6d1","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":577,"width":64,"height":9}},{"id":"666d2ea0-9943-4ea4-98c3-f0b8491bcb28","block_type":"box","text":"2.05","page_number":1,"box":{"x":105,"y":600,"width":39,"height":8}},{"id":"58ae6771-fe0c-4c53-8141-3ab9feed8b5c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":629,"width":93,"height":8}},{"id":"6bb5ed4e-3d90-4711-be78-9cffb6070dcf","block_type":"box","text":"96.75%","page_number":1,"box":{"x":182,"y":631,"width":46,"height":5}},{"id":"40b49180-32de-47be-8dd0-8e574903e83d","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":661,"width":133,"height":10}},{"id":"f3905855-b58d-429c-93df-afac92d57851","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":664,"width":76,"height":5}},{"id":"ed8d6083-f8a6-499d-b4cf-b2a66c434b38","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":680,"width":41,"height":6}},{"id":"93ee4088-f5fd-46f7-b190-5427a6af9153","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":680,"width":93,"height":7}},{"id":"9ba76453-607a-4d5b-86ab-4a046e7ec54b","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":694,"width":37,"height":7}},{"id":"fd47937e-640c-4b7e-8d7b-1d2d9df01c11","block_type":"box","text":"29.18","page_number":1,"box":{"x":322,"y":695,"width":37,"height":6}},{"id":"f280c6d8-5511-4e97-a7cd-301c184a4e89","block_type":"box","text":"98.64%","page_number":1,"box":{"x":438,"y":695,"width":45,"height":6}},{"id":"236b0f4a-d942-4f42-91a2-766c2ee88294","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":710,"width":41,"height":8}},{"id":"6cef6b0d-ae9a-4fb0-aee2-271b6f74f689","block_type":"box","text":"6.09","page_number":1,"box":{"x":330,"y":712,"width":29,"height":5}},{"id":"711b953f-f7c1-4060-a611-e42dd0b6b533","block_type":"box","text":"98.64%","page_number":1,"box":{"x":438,"y":712,"width":45,"height":5}},{"id":"2be2a6a5-5982-439d-9495-a14573a2c01b","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":727,"width":41,"height":7}},{"id":"f9679dd3-27df-4bac-a528-ce2d9067c1c9","block_type":"box","text":"148.49","page_number":1,"box":{"x":314,"y":728,"width":45,"height":6}},{"id":"4c8cb027-27a1-4b3d-8856-7b0401997a27","block_type":"box","text":"98.64%","page_number":1,"box":{"x":438,"y":728,"width":45,"height":6}},{"id":"2e279edc-0123-4219-b536-599f32972a1e","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":744,"width":52,"height":7}},{"id":"de78d380-6bdb-4c5b-ba41-d4f5db7c70a8","block_type":"box","text":"35.27","page_number":1,"box":{"x":322,"y":745,"width":37,"height":6}},{"id":"4d95f884-9c93-454f-a692-2cc0672b0db7","block_type":"box","text":"98.64%","page_number":1,"box":{"x":438,"y":745,"width":45,"height":6}},{"id":"5d579d7b-fb26-4c41-8cc4-b01a6b7dd852","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":760,"width":66,"height":8}},{"id":"d343f4fe-6fd7-4739-af38-da989c9df211","block_type":"box","text":"187.60","page_number":1,"box":{"x":314,"y":762,"width":45,"height":5}},{"id":"1c34b89c-bf3d-4a11-be97-29e079e73964","block_type":"box","text":"97.81%","page_number":1,"box":{"x":438,"y":762,"width":45,"height":5}},{"id":"e4026a69-1af7-4d0e-9721-3cc38fdf3094","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"b01f1c29-8081-415c-9442-22f3e027df10","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"ab602dab-77e3-4b6d-80c8-a3001e7f6777","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"af5117c0-30d5-4f02-928f-66b37b99dae7","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"5ee6731a-56d1-4056-ad81-58d720757bde","block_type":"box","text":"7,444.05","page_number":1,"box":{"x":780,"y":330,"width":60,"height":7}},{"id":"e0a5d371-b398-4a7e-85dd-91f4643af462","block_type":"box","text":"98.64%","page_number":1,"box":{"x":903,"y":330,"width":45,"height":6}},{"id":"f9044deb-5adb-45ea-8d54-c8dfeefdf590","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"287db855-8cb1-4639-8633-cd83fe056cdb","block_type":"box","text":"1,553.40","page_number":1,"box":{"x":780,"y":347,"width":61,"height":7}},{"id":"c6dca351-3483-4c71-8d35-00a22b274b08","block_type":"box","text":"98.64%","page_number":1,"box":{"x":903,"y":347,"width":45,"height":6}},{"id":"6ffcd7c5-55c4-4846-bf35-8c459d1c510e","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"d068fd49-dec6-4fda-a9ab-20a599f58e5c","block_type":"box","text":"37,874.61","page_number":1,"box":{"x":772,"y":363,"width":69,"height":8}},{"id":"3bde3321-192b-4fbb-b693-44e88746c2de","block_type":"box","text":"98.64%","page_number":1,"box":{"x":903,"y":363,"width":45,"height":6}},{"id":"fdb1567b-5dc0-489a-8cdd-d690581578af","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"30ee1a08-3b8c-4fd2-bee5-742b99c5ba7f","block_type":"box","text":"8,997.49","page_number":1,"box":{"x":780,"y":380,"width":60,"height":7}},{"id":"3c621e36-5686-4709-8c89-31c4a0923d4d","block_type":"box","text":"98.64%","page_number":1,"box":{"x":903,"y":380,"width":45,"height":6}},{"id":"3b77c481-82c4-4ee5-b381-5be11801275b","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"708fcece-b669-4450-8a7a-9381b290e4a5","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"20d2c5c5-f5ea-45b5-9585-f5ab7659540e","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"b23db01c-7389-4934-8091-514e68130ca3","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"0ad627ab-02d2-4adb-b406-21dd7586966d","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"78fc8455-7299-41fb-a885-38e767d2fd6f","block_type":"box","text":"35.48","page_number":1,"box":{"x":803,"y":461,"width":38,"height":6}},{"id":"e4adb415-8dd1-4cbd-a092-1f972283470a","block_type":"box","text":"98.54%","page_number":1,"box":{"x":903,"y":461,"width":45,"height":6}},{"id":"d59a3764-8809-4799-9047-c2de7d7d522d","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"b8529ef5-40b3-456b-b87c-4624ce906828","block_type":"box","text":"16.45","page_number":1,"box":{"x":803,"y":478,"width":37,"height":6}},{"id":"0719f163-d626-4b6c-917c-7213928dfbaf","block_type":"box","text":"98.54%","page_number":1,"box":{"x":903,"y":478,"width":45,"height":6}},{"id":"f0ee1c29-3cfe-4515-8429-59c7232e344f","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"be6301f2-60df-49bf-8e23-7f2288b27b84","block_type":"box","text":"343.07","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"178cd19d-d9aa-4fda-af33-7791e831b75a","block_type":"box","text":"98.64%","page_number":1,"box":{"x":903,"y":495,"width":45,"height":5}},{"id":"661e7670-00bc-48ae-a74b-b6fd39ff3508","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"a339f317-81de-41f9-9f28-4516391778b6","block_type":"box","text":"51.98","page_number":1,"box":{"x":803,"y":511,"width":38,"height":6}},{"id":"dbca03d7-b428-47a0-807a-401d2b874ef8","block_type":"box","text":"98.64%","page_number":1,"box":{"x":903,"y":511,"width":45,"height":6}},{"id":"a4d2036a-d83b-4df2-9d01-a99577c6ab97","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"f25bbcf9-8437-4cad-8a67-4fbcdd0057b7","block_type":"box","text":"396.90","page_number":1,"box":{"x":795,"y":528,"width":46,"height":6}},{"id":"05d36b45-5d3b-4e5a-8ba0-83eea4d26b4c","block_type":"box","text":"98.64%","page_number":1,"box":{"x":903,"y":528,"width":45,"height":6}},{"id":"ea7899ac-b003-407e-88c5-4c714d9bbe27","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"4a83299e-60d5-4f7d-9c1b-d86ba173dfa4","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"edb38f06-2523-481a-81d8-1d58836bc7fd","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"e153913b-e851-43d6-a913-91ebf474f3b8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"a216627d-d6e0-4e06-aecd-c510f168ad00","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"d677c65a-7996-41a7-a9ed-29bc63dda881","block_type":"box","text":"-8.79%","page_number":1,"box":{"x":797,"y":610,"width":44,"height":6}},{"id":"a0b6b940-d696-4d86-ae78-c4d8e40642e9","block_type":"box","text":"96.86%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"7f41a880-db5e-405f-a134-91687897915c","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":625,"width":134,"height":8}},{"id":"01bfe0d6-1ce5-48ed-ae29-21c0d34dc45c","block_type":"box","text":"-3.39%","page_number":1,"box":{"x":797,"y":626,"width":44,"height":6}},{"id":"c04553f5-86ca-44d4-aeb1-818c07898442","block_type":"box","text":"96.86%","page_number":1,"box":{"x":903,"y":626,"width":45,"height":6}},{"id":"8a0a7de6-7999-432c-a71f-be5577a0ed42","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":642,"width":79,"height":6}},{"id":"002f465b-652b-4068-a17d-423761afef5a","block_type":"box","text":"-2.43%","page_number":1,"box":{"x":797,"y":643,"width":44,"height":6}},{"id":"ed84e65e-70e0-45f7-993d-d9f37a829510","block_type":"box","text":"96.86%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"7d51bcf3-134b-4ea7-81cf-3c4851120cfb","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":658,"width":164,"height":8}},{"id":"288e52db-d224-4028-8b8e-d0ae1d430610","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"0076bc4d-6bef-42b1-b21d-26b320e7c775","block_type":"box","text":"0.69%","page_number":1,"box":{"x":803,"y":676,"width":38,"height":6}},{"id":"1f2bdfd4-ea2a-43b7-8109-a2afddc4ba37","block_type":"box","text":"91.41%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"3eca852a-ee97-405f-90ef-29150b15d539","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":692,"width":134,"height":7}},{"id":"1ee895a0-6837-44b7-aa6e-2b9d1bafc2f6","block_type":"box","text":"0.14%","page_number":1,"box":{"x":803,"y":693,"width":38,"height":6}},{"id":"985a2008-ba8e-48cc-8487-cb98b81afe6d","block_type":"box","text":"91.41%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"9e26ee4b-3411-4160-8459-ad2a11b3462e","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":708,"width":79,"height":7}},{"id":"396c5177-d8b4-4a63-90bf-d5825196b5d7","block_type":"box","text":"0.15%","page_number":1,"box":{"x":803,"y":710,"width":38,"height":5}},{"id":"f16558ae-2dcf-4d49-95bb-21e8fb25372b","block_type":"box","text":"91.41%","page_number":1,"box":{"x":903,"y":710,"width":45,"height":5}},{"id":"b33822f9-4d87-4ad9-8719-5f9abcdf1963","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":725,"width":95,"height":7}},{"id":"757c12d6-8959-454a-93c0-e5d04eba85e7","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":742,"width":127,"height":7}},{"id":"0ca10e9c-ebda-461e-bfc0-45286c4ac6cd","block_type":"box","text":"-0.42%","page_number":1,"box":{"x":797,"y":743,"width":44,"height":6}},{"id":"095f0096-38ec-4010-b8c3-6697cf333fed","block_type":"box","text":"96.82%","page_number":1,"box":{"x":903,"y":743,"width":45,"height":6}},{"id":"d7e22590-20de-4eb5-825f-a8f3fbfdd062","block_type":"box","text":"Disorderly Transition (2 °C)","page_number":1,"box":{"x":516,"y":758,"width":134,"height":8}},{"id":"ffd56f98-125b-4daf-b4e3-3cf81dacb606","block_type":"box","text":"-0.93%","page_number":1,"box":{"x":797,"y":759,"width":44,"height":6}},{"id":"6bbb1fa0-c237-497e-8a68-ea35a7aff098","block_type":"box","text":"96.82%","page_number":1,"box":{"x":903,"y":759,"width":45,"height":6}},{"id":"cc224aa0-e5f6-4ab2-b2f8-a28dbc0d408b","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":775,"width":79,"height":6}},{"id":"c8755b4d-7b40-44a6-b2b5-93cd9f4cdabb","block_type":"box","text":"-1.41%","page_number":1,"box":{"x":797,"y":776,"width":44,"height":6}},{"id":"798b8f2a-309d-4303-a56b-778471cf6b99","block_type":"box","text":"96.82%","page_number":1,"box":{"x":903,"y":776,"width":45,"height":6}},{"id":"c433c518-beaa-4593-842b-cd2b81786cab","block_type":"box","text":"Report ID: 5648756.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"4783e44b-d5d6-48de-a9f5-95539aff584f","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"a2a33326-1a68-4189-8f99-5498a32b17d2","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"07a8192d-9006-4b21-a741-d26e61a3425e","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"5c6c17f9-f9fe-4207-9cd1-151e6865a679","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"7d155801-ffbe-4cee-abf6-593b03a06483","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"b799b731-2f8d-4d1e-9757-e61185a40ee7","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"336f8700-20f1-4f3d-98f8-68ca8b19900a","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"66158560-6b19-4703-ad90-e7a6582f9327","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"8601c7e4-8f1e-49c0-abbf-04ed04c8722e","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"2c03b261-5bbb-4392-b370-a24ec00ca81c","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":"ab0acba5-0718-4d79-9c94-6bfbacc28723","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":"f2079a50-28c0-411d-a625-f0789a2a72e6","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"0dabc4d2-85e2-4e3d-80fa-1d5d6693a815","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"d7053200-83c2-45f7-a63c-eda225435362","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"2b39667a-a220-4e8a-9789-93449c217bd6","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"d8dcb4ea-f8b0-4aca-942f-6a26cfc8018d","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":"ca39c4d3-7018-4150-9a1e-6ebd2e9712ab","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"eb6582c0-b0c1-48d9-98fd-884e6f8df2ce","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"6bb46794-23a6-4c28-befc-55c8389b5692","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"069efc50-1e70-435f-8355-7bbc50857006","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"3a752b8d-52eb-46f5-b5ec-b57a8bbdcd5a","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"c9fc3421-5f80-41d0-ab4b-f6d24de0c923","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":"e8e87248-3692-4921-b5d9-76e960b08739","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":"5a728b53-3e94-4e56-b4e4-39f1dce91e32","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":"b1006abb-4679-4c61-872d-fbb43655ed51","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":"efe5dcb5-5edf-4752-94bb-39335f3ad52c","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":"9c44e345-30a0-4c72-9f1e-01e2e540626b","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":"9e03f122-2e47-4a60-9a05-53f8ff766512","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"bc341204-5f9c-41ec-b1da-e63df9d0ad3f","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":311,"width":110,"height":7}},{"id":"5bd4cc06-7937-4d0f-9e4b-81e8034a6440","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":311,"width":287,"height":9}},{"id":"44ab9b1c-a573-4316-909d-b67e60ad0002","block_type":"box","text":"activities, including fossil fuel extractions, mining, operations, and power","page_number":2,"box":{"x":51,"y":324,"width":425,"height":9}},{"id":"0cae2345-66df-495d-99a6-db64aa228332","block_type":"box","text":"generation, employing MSCI revenue indicators. Brown revenue (%) is","page_number":2,"box":{"x":51,"y":337,"width":411,"height":8}},{"id":"e986c35b-1181-41ca-ae5d-ddcab274d218","block_type":"box","text":"defined as the proportion of revenues a company derives from activities","page_number":2,"box":{"x":51,"y":350,"width":426,"height":8}},{"id":"a873c466-c12f-4382-8f9b-61704de7060e","block_type":"box","text":"related to the extraction of fossil fuels, or power generation using fossil","page_number":2,"box":{"x":51,"y":362,"width":415,"height":9}},{"id":"06ab0d7c-cbba-4493-a140-fc9e9b16c1a0","block_type":"box","text":"fuel-based energy sources. It reflects firms tied to conventional energy","page_number":2,"box":{"x":50,"y":375,"width":419,"height":9}},{"id":"3ec7881d-8826-4e58-913d-4e1efedda5b3","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":388,"width":76,"height":7}},{"id":"4e234e97-69f1-411e-ada1-89a8201a5271","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":406,"width":155,"height":7}},{"id":"4f9f1c00-9952-42ee-bda4-952e19577111","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":406,"width":225,"height":8}},{"id":"a4f260b9-7270-449d-b2d4-7cb7f89c1695","block_type":"box","text":"Security with Brown Revenue for the Portfolio.","page_number":2,"box":{"x":51,"y":418,"width":271,"height":9}},{"id":"b818db85-57ea-41d6-94ed-ff7ccea7467c","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":176,"height":7}},{"id":"fa90c332-dd76-4494-96af-7b1d8c845bd5","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":436,"width":243,"height":9}},{"id":"35ce9efd-5e07-467d-975b-eec8afa4ad21","block_type":"box","text":"Emission of Fossil Fuel Reserves Normalized by EVIC $MN (ktCO2-eq","page_number":2,"box":{"x":51,"y":448,"width":413,"height":9}},{"id":"6de990e1-fa09-41bf-9639-eedf536a21f6","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":461,"width":241,"height":9}},{"id":"a4a715c3-9cba-4441-b0e6-20b5f89b0618","block_type":"box","text":"Green Bonds:","page_number":2,"box":{"x":51,"y":479,"width":86,"height":7}},{"id":"e7bbdeed-66a6-4a6c-8400-696604abb0dd","block_type":"box","text":"The Climate Bonds Initiative (CBI) defines green bonds","page_number":2,"box":{"x":140,"y":479,"width":325,"height":9}},{"id":"f4b0c9c9-1ca4-494a-8ee2-c207e970d93e","block_type":"box","text":"as debt instruments that finance projects with environmental benefits,","page_number":2,"box":{"x":51,"y":492,"width":415,"height":9}},{"id":"66ea0019-7986-4139-b30b-2f9e359d17c8","block_type":"box","text":"and the CBI Green Bond Database uses a methodology to evaluate","page_number":2,"box":{"x":51,"y":505,"width":397,"height":9}},{"id":"557dc1b9-60b0-4872-8d0b-bb870287c518","block_type":"box","text":"and categorize projects as green.","page_number":2,"box":{"x":51,"y":518,"width":196,"height":8}},{"id":"b4e0cfaa-1319-4829-ad66-e1c45cf10193","block_type":"box","text":"The CBI’s methodology includes the","page_number":2,"box":{"x":251,"y":518,"width":213,"height":8}},{"id":"61d96f63-0302-4bb2-ad8f-aab4c8fffec5","block_type":"box","text":"following criteria:","page_number":2,"box":{"x":50,"y":531,"width":101,"height":8}},{"id":"2cf87972-efb5-4314-8950-dec36e865c17","block_type":"box","text":"Self-labeling:","page_number":2,"box":{"x":91,"y":548,"width":84,"height":9}},{"id":"09d0a3fa-fac0-4870-8ea0-91695b40c402","block_type":"box","text":"The issuer must consciously label the instrument","page_number":2,"box":{"x":178,"y":548,"width":291,"height":9}},{"id":"fd8b5351-ef5b-45ff-9813-8a46119f6e97","block_type":"box","text":"as a green bond.","page_number":2,"box":{"x":91,"y":561,"width":97,"height":9}},{"id":"093ed4b7-c892-45f4-965b-30614b9e0a6f","block_type":"box","text":"Public disclosure:","page_number":2,"box":{"x":91,"y":579,"width":112,"height":6}},{"id":"44e148ae-5bd3-43db-abc4-4b5e94621bef","block_type":"box","text":"The issuer must provide sufficient information","page_number":2,"box":{"x":206,"y":579,"width":272,"height":8}},{"id":"21b56b02-0275-4534-9083-31d1681ba027","block_type":"box","text":"to determine if the financed assets are green.","page_number":2,"box":{"x":91,"y":591,"width":267,"height":9}},{"id":"11b0f56f-c17a-4a62-b2b4-c45e0fb145fd","block_type":"box","text":"This includes","page_number":2,"box":{"x":362,"y":591,"width":78,"height":7}},{"id":"09ea929f-5ca9-4c32-bfe9-d57ee98436ab","block_type":"box","text":"information such as the amount outstanding and closing","page_number":2,"box":{"x":92,"y":604,"width":332,"height":9}},{"id":"9e8b7ea4-af25-4c1b-931b-4dbeb21abc67","block_type":"box","text":"confirmation.","page_number":2,"box":{"x":91,"y":617,"width":78,"height":7}},{"id":"3887ffc9-ccf6-4158-880c-2d594f5eeee9","block_type":"box","text":"Eligible sectors:","page_number":2,"box":{"x":91,"y":635,"width":100,"height":8}},{"id":"164ce973-f3c0-4868-a8d6-97a1a6136ae0","block_type":"box","text":"The financed assets must be in eligible sectors,","page_number":2,"box":{"x":195,"y":635,"width":279,"height":8}},{"id":"b2fcf14d-c89c-4a86-8437-6a9a6d974c38","block_type":"box","text":"such as energy efficient products and processes, or non-energy","page_number":2,"box":{"x":91,"y":647,"width":378,"height":9}},{"id":"3d327722-0ead-4125-b49e-6686a771c563","block_type":"box","text":"GHG reductions.","page_number":2,"box":{"x":91,"y":660,"width":100,"height":7}},{"id":"c7a6ff5f-7a39-4db6-bec1-35f1da48f0ce","block_type":"box","text":"Eligible use of proceeds:","page_number":2,"box":{"x":91,"y":678,"width":154,"height":9}},{"id":"a830f3fb-6ffc-43ed-b2d2-deac29fd87af","block_type":"box","text":"The proceeds must be used for eligible","page_number":2,"box":{"x":248,"y":678,"width":230,"height":9}},{"id":"b773177c-fd00-4633-aac0-b62c231af942","block_type":"box","text":"purposes.","page_number":2,"box":{"x":92,"y":693,"width":57,"height":6}},{"id":"754dc204-1fb2-40ec-be4c-3b4af9d68856","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":51,"y":708,"width":122,"height":7}},{"id":"9b5ada3a-5417-4fc0-b991-c35e4aa982bb","block_type":"box","text":"Market Value of Securities with Green Bonds as a","page_number":2,"box":{"x":177,"y":708,"width":292,"height":7}},{"id":"b16f85d9-f6c1-46ed-ac0d-f5d0b3380e0a","block_type":"box","text":"Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":51,"y":721,"width":405,"height":9}},{"id":"714fc316-158a-4a0f-8913-7198279a45c2","block_type":"box","text":"Green/Fossil Fuel Based Revenue Ratio - MSCI:","page_number":2,"box":{"x":51,"y":738,"width":298,"height":8}},{"id":"d490f362-bf07-4fde-8705-0baf374461d6","block_type":"box","text":"The Sum of Green","page_number":2,"box":{"x":353,"y":739,"width":108,"height":7}},{"id":"08e12ebc-2f31-464b-8775-c305d1727534","block_type":"box","text":"to Fossil Fuel Based Revenue Ratio on the Portfolio level and the Sum of","page_number":2,"box":{"x":50,"y":751,"width":425,"height":7}},{"id":"317def2d-91f7-4158-9d59-baa96236f9a9","block_type":"box","text":"Green to Fossil Fuel Based Revenue Ratio on the Portfolio level.","page_number":2,"box":{"x":51,"y":764,"width":373,"height":7}},{"id":"db3def3a-5cc4-42dc-b62a-c424ebe7a5ad","block_type":"box","text":"Companies with SBTi /Approved Targets – MSCI:","page_number":2,"box":{"x":51,"y":782,"width":311,"height":9}},{"id":"c76933f7-4f08-4c01-8953-c2b4f9f0eeef","block_type":"box","text":"The percentage of","page_number":2,"box":{"x":366,"y":782,"width":111,"height":9}},{"id":"39ce1752-6fa7-407b-983c-d25fa689ee5a","block_type":"box","text":"the fund’s market value exposed to issuers that have carbon emissions","page_number":2,"box":{"x":50,"y":795,"width":419,"height":8}},{"id":"66fe8cbf-5905-44f7-b70f-e03a4e0e86d3","block_type":"box","text":"reduction targets approved by the Science Based Targets initiative","page_number":2,"box":{"x":51,"y":807,"width":396,"height":9}},{"id":"d3f99c68-0f73-4d19-8ea8-9debfd2fd19f","block_type":"box","text":"(SBTi) on the Portfolio level.","page_number":2,"box":{"x":51,"y":820,"width":166,"height":8}},{"id":"1491eb11-b62a-4981-a0a9-44aa79c3bdfc","block_type":"box","text":"Low Carbon Transition Score – MSCI:","page_number":2,"box":{"x":51,"y":838,"width":237,"height":7}},{"id":"c09aaaae-4283-4f9e-a642-1a59a8932bcd","block_type":"box","text":"Score calculates a company’s","page_number":2,"box":{"x":292,"y":838,"width":177,"height":9}},{"id":"8d7e9643-24e3-4306-a6ca-852ed39a795d","block_type":"box","text":"climate transition risk by aggregating Scope 1, 2 and 3 emissions,","page_number":2,"box":{"x":51,"y":851,"width":382,"height":8}},{"id":"e0b34e8e-4272-4405-983f-bf95c07c4bb0","block_type":"box","text":"emissions avoided, and the quality of the company’s climate","page_number":2,"box":{"x":51,"y":864,"width":354,"height":8}},{"id":"2536f155-c348-4836-9023-7d253d0185ca","block_type":"box","text":"management into a score between 0 (highest risk) and 10 (lowest risk).","page_number":2,"box":{"x":51,"y":876,"width":416,"height":9}},{"id":"4f598be7-1d04-41c5-8215-a6b30e44fb9e","block_type":"box","text":"Companies with higher Low Carbon Transition score are more aligned","page_number":2,"box":{"x":51,"y":889,"width":414,"height":9}},{"id":"d115e941-d55e-4c06-83c3-e0ddcf7eaf1f","block_type":"box","text":"with the Low Carbon Transition compared to the companies with lower","page_number":2,"box":{"x":515,"y":95,"width":420,"height":8}},{"id":"f5ab1cb0-27c4-4a55-94f2-6f5110a36fec","block_type":"box","text":"scores. Score calculated at the Portfolio level.","page_number":2,"box":{"x":515,"y":107,"width":270,"height":7}},{"id":"fa747184-a602-40b3-8a8c-ecd1d9ba4c99","block_type":"box","text":"Carbon Footprint:","page_number":2,"box":{"x":515,"y":125,"width":114,"height":9}},{"id":"2ae0d24a-cf9b-4186-9db4-3fbf2fd7514f","block_type":"box","text":"Scope 1+2+3- (t CO2e/$M EVIC) – MSCI:","page_number":2,"box":{"x":556,"y":142,"width":256,"height":9}},{"id":"cd226971-86c7-4e9f-9a94-1807acb65e90","block_type":"box","text":"Weighted average","page_number":2,"box":{"x":815,"y":143,"width":108,"height":8}},{"id":"0cdd4b70-beb3-4e96-b526-854a5e5d6024","block_type":"box","text":"Scope 1, Scope 2 and Scope 3 carbon emissions intensity","page_number":2,"box":{"x":556,"y":155,"width":340,"height":9}},{"id":"4f408b71-c5b8-404b-a461-2c13fe8c8a32","block_type":"box","text":"normalized by enterprise value including cash.","page_number":2,"box":{"x":556,"y":168,"width":273,"height":9}},{"id":"1e048162-3337-41c9-bda7-6bba921278e8","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":186,"width":202,"height":7}},{"id":"a35efd21-dfbf-4051-b837-7cdc59728b05","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":721,"y":186,"width":203,"height":7}},{"id":"dbcb5ee5-e61b-4b4c-8863-474859be56d5","block_type":"box","text":"the absolute tons of CO2e EVIC for which an investor is responsible. It is","page_number":2,"box":{"x":515,"y":199,"width":425,"height":8}},{"id":"7690bdb0-991c-4891-96e3-cc946bfa22f8","block_type":"box","text":"apportioned to the investor based on an equity ownership perspective,","page_number":2,"box":{"x":516,"y":212,"width":418,"height":8}},{"id":"3ebea000-4cfb-4b0b-9d90-6665df7aab9d","block_type":"box","text":"and can be explained with a simple example: If an investor’s position in a","page_number":2,"box":{"x":516,"y":224,"width":425,"height":9}},{"id":"6b649d51-ae73-43fa-a027-9deb3d817871","block_type":"box","text":"company is equal to 1% of the company’s total market capitalization, then","page_number":2,"box":{"x":516,"y":237,"width":432,"height":9}},{"id":"2a9c9adf-c844-4b57-bf88-c04786824f7e","block_type":"box","text":"the investor owns 1% of the company, and is consequently responsible","page_number":2,"box":{"x":515,"y":250,"width":415,"height":9}},{"id":"430c7572-f3dc-4563-b435-aa74f0ea9afd","block_type":"box","text":"for 1% of the company’s carbon emissions (tons CO2e). Calculating the","page_number":2,"box":{"x":515,"y":263,"width":419,"height":9}},{"id":"d506345f-8931-46d1-ad40-2720e93e1c33","block_type":"box","text":"“owned” emissions from each position in the portfolio and summing","page_number":2,"box":{"x":516,"y":276,"width":398,"height":8}},{"id":"54757a76-e10e-416c-8f43-a18c5fb26dcc","block_type":"box","text":"those emissions yields the total carbon emissions for the portfolio.","page_number":2,"box":{"x":515,"y":288,"width":391,"height":9}},{"id":"8baaf3c7-bd97-4460-9542-43c14eaa12dd","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":306,"width":47,"height":9}},{"id":"3c980df0-85d3-4733-ba5f-a49776b63b03","block_type":"box","text":"emissions are “direct emissions” from sources that are","page_number":2,"box":{"x":607,"y":306,"width":322,"height":7}},{"id":"245d33a4-39ae-4c6b-b6fa-5705591d1b12","block_type":"box","text":"owned or controlled by the company. Data","page_number":2,"box":{"x":556,"y":319,"width":251,"height":9}},{"id":"ab3dec54-9cc0-4b22-ab9a-325abb931802","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":336,"width":51,"height":9}},{"id":"b0cf173a-4f35-4275-a0d2-80941896a9d3","block_type":"box","text":"emissions are the indirect emissions released into the","page_number":2,"box":{"x":610,"y":337,"width":317,"height":6}},{"id":"501167f3-2a8a-47e5-9f6c-9f205142e320","block_type":"box","text":"atmosphere from the use of purchased energy such as electricity,","page_number":2,"box":{"x":556,"y":349,"width":388,"height":9}},{"id":"c5e58bee-db17-404a-a61c-6be055d8622b","block_type":"box","text":"heat or steam. These are called “indirect emissions” because the","page_number":2,"box":{"x":556,"y":362,"width":383,"height":7}},{"id":"71ab0c1e-c6aa-466a-b46f-14b1b4dfd07d","block_type":"box","text":"actual emissions are generated at another facility such as a power","page_number":2,"box":{"x":556,"y":375,"width":391,"height":9}},{"id":"78ca9ac6-308f-49d1-bc36-68e35d0018b3","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":388,"width":43,"height":7}},{"id":"fc7de416-92bd-4492-9ec5-bbaef7a3012c","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":405,"width":51,"height":9}},{"id":"3cb3b6b1-892d-4dc4-beec-1564d36f24f5","block_type":"box","text":"emissions include all other indirect emissions that occur","page_number":2,"box":{"x":610,"y":405,"width":332,"height":7}},{"id":"b595514b-d3c5-4cd5-b6a7-a5c0dc0345b9","block_type":"box","text":"across the value chain and are outside of the organization’s direct","page_number":2,"box":{"x":556,"y":418,"width":386,"height":9}},{"id":"c6b56ec1-b13d-4a95-9724-8bd3dcc3eba1","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":431,"width":44,"height":7}},{"id":"f9c34122-ae5d-43e8-875a-fb809001ae2b","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":515,"y":449,"width":277,"height":8}},{"id":"035d0ad7-11f0-420a-b6b0-38528f23d360","block_type":"box","text":"Scope 1+2+3 -","page_number":2,"box":{"x":796,"y":449,"width":89,"height":8}},{"id":"ddee039d-2bbf-4970-9567-b2e178b15970","block_type":"box","text":"Calculating a portfolio’s Weighted Average Carbon Intensity is achieved","page_number":2,"box":{"x":516,"y":461,"width":422,"height":9}},{"id":"ea620435-5b99-45b2-a947-bd52e8f01c5f","block_type":"box","text":"by calculating the carbon intensity (Scope 1 + 2 + 3 Emissions / $M","page_number":2,"box":{"x":516,"y":473,"width":394,"height":10}},{"id":"c3720b67-b25a-41c1-92cc-7b25ac6b4c18","block_type":"box","text":"Sales) for each portfolio company and calculating the weighted average","page_number":2,"box":{"x":515,"y":487,"width":426,"height":9}},{"id":"40f0c75f-309b-4b52-a51f-766fdbba89b2","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":500,"width":112,"height":9}},{"id":"0f420705-9046-4776-aa55-180bd61fea3f","block_type":"box","text":"Please note that the scope 1+2 and scope 1+2+3 values for Total Carbon","page_number":2,"box":{"x":516,"y":517,"width":428,"height":9}},{"id":"1b2d0325-b7d1-4b61-b74a-111b2e2efb92","block_type":"box","text":"Emissions, Carbon Footprint, and Weighted Average Carbon Intensity","page_number":2,"box":{"x":516,"y":530,"width":412,"height":9}},{"id":"6539d84a-4e90-48a3-b1d9-ce5b96904c18","block_type":"box","text":"may not equal the sum of the individual values.","page_number":2,"box":{"x":516,"y":543,"width":274,"height":9}},{"id":"afffaed7-763f-4a3c-a8e7-a425015a7375","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":543,"width":122,"height":9}},{"id":"164864bc-4fc7-4646-969e-a6ff6d2978dd","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":556,"width":74,"height":7}},{"id":"953529ee-acae-4bb0-8a42-72b9baa75d00","block_type":"box","text":"Each metric is a distinct data element provided by the","page_number":2,"box":{"x":596,"y":556,"width":318,"height":9}},{"id":"227e6eb8-2a9d-4715-ac83-7498e2147262","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":569,"width":44,"height":7}},{"id":"bf94a571-0642-4358-acb9-8b69bd6d47e3","block_type":"box","text":"Data treatments for replacing null data with sub-industry","page_number":2,"box":{"x":568,"y":569,"width":335,"height":9}},{"id":"27c8576a-0079-4ae9-a50d-69eaca1f312f","block_type":"box","text":"median data could cause differences in aggregated results.","page_number":2,"box":{"x":516,"y":582,"width":349,"height":8}},{"id":"c6b1e57a-8c6e-4674-8fcb-bc17c0b5fc88","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":582,"width":40,"height":7}},{"id":"da404f4f-a63d-4bce-829d-2d238df440ef","block_type":"box","text":"reported based on the most recent common fiscal year end, which may","page_number":2,"box":{"x":516,"y":594,"width":422,"height":9}},{"id":"645e9c44-ba47-4585-bdb7-1b16d003cc24","block_type":"box","text":"vary for aggregated fields and is more likely with scope 3.","page_number":2,"box":{"x":515,"y":607,"width":337,"height":9}},{"id":"3be772e3-b40a-43ea-a4b1-e10ff9aaaccb","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":625,"width":244,"height":8}},{"id":"0c4d8ec5-1bfb-4ce8-b8b9-40f872c0cd7d","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":625,"width":125,"height":7}},{"id":"f8924580-84c3-405e-bd7a-ab40526fa939","block_type":"box","text":"alignment uses MSCI’s Implied Temperature Rise (ITR) model, Which","page_number":2,"box":{"x":516,"y":637,"width":405,"height":9}},{"id":"98506a8a-6030-423c-a4fe-f3f0ea60c3e2","block_type":"box","text":"is a forward-looking temperature alignment metric for companies and","page_number":2,"box":{"x":516,"y":650,"width":412,"height":9}},{"id":"b2c07936-8c31-435f-ad3a-c57a7c010c13","block_type":"box","text":"portfolios. Specifically, the MSCI ITR methodology evaluates whether a","page_number":2,"box":{"x":516,"y":663,"width":419,"height":9}},{"id":"20ffb4f6-a1f2-4289-970e-a02bab31e016","block_type":"box","text":"company or portfolio are aligned with the Paris Agreement temperature","page_number":2,"box":{"x":516,"y":676,"width":424,"height":9}},{"id":"cf10cbe4-dfd9-4058-95cd-53caad936ff6","block_type":"box","text":"goals – in particular, the maximal goal of limiting global mean surface","page_number":2,"box":{"x":515,"y":689,"width":406,"height":9}},{"id":"a754021b-c790-443e-a564-83b7e722762c","block_type":"box","text":"temperature to an increase of no more than 1.5°C in the year 2100","page_number":2,"box":{"x":515,"y":702,"width":388,"height":8}},{"id":"472f4042-9b45-4db0-b55c-84845c8a2a24","block_type":"box","text":"compared with preindustrial levels. For example, an ITR of 2.5°C assigned","page_number":2,"box":{"x":516,"y":715,"width":433,"height":8}},{"id":"d84b741a-04d0-4815-86fd-b090fb73695f","block_type":"box","text":"to a given portfolio would indicate that the portfolio is exceeding its fair","page_number":2,"box":{"x":515,"y":727,"width":418,"height":9}},{"id":"ecf12ff9-4d7b-4179-a243-9d5f20f739dd","block_type":"box","text":"share of the global carbon budget, and that if everyone exceeded their","page_number":2,"box":{"x":515,"y":740,"width":417,"height":9}},{"id":"f4173391-82ca-42b5-b42d-c0700b2cba91","block_type":"box","text":"fair shares by a similar proportion, by 2100 we would end up in a world","page_number":2,"box":{"x":515,"y":753,"width":412,"height":9}},{"id":"c38fbe23-81fa-4ade-ba1b-68ae4a954e93","block_type":"box","text":"with >2.5°C of warming compared to pre-industrial levels. Please note","page_number":2,"box":{"x":515,"y":766,"width":411,"height":9}},{"id":"e1ec2e1e-a718-4f73-a88b-5a21a3b6fe98","block_type":"box","text":"there is significant uncertainty related to this temperature estimate, and","page_number":2,"box":{"x":515,"y":779,"width":425,"height":9}},{"id":"1f4f8385-f194-4a6d-9c69-4ed26c97a0e6","block_type":"box","text":"outputs differ amongst different data vendors as methodologies continue","page_number":2,"box":{"x":516,"y":792,"width":433,"height":8}},{"id":"7345e251-b512-4d61-937c-78623944cd5a","block_type":"box","text":"to evolve and mature.","page_number":2,"box":{"x":515,"y":805,"width":127,"height":6}},{"id":"a709bd0f-f33c-4939-a654-3f07a6cb4287","block_type":"box","text":"Portfolio:","page_number":2,"box":{"x":556,"y":822,"width":58,"height":7}},{"id":"f1a63f82-4531-44f1-a46c-f9a80784c4a7","block_type":"box","text":"Implied Temperature Rise aggregated at the Portfolio","page_number":2,"box":{"x":618,"y":822,"width":315,"height":9}},{"id":"5c75a24c-d10f-4c59-9143-8b756773ccb0","block_type":"box","text":"Level.","page_number":2,"box":{"x":556,"y":835,"width":34,"height":7}},{"id":"7ba0e520-0651-44ab-b576-62ed1aac4d5b","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":852,"width":181,"height":7}},{"id":"4eac573f-7280-4503-a289-1895d381a8f0","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":852,"width":88,"height":8}},{"id":"795086a5-89a9-45d7-9b44-a69dbd78b3e8","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":853,"width":144,"height":6}},{"id":"74f50c2c-d8f9-4633-ab12-162f99f3fb70","block_type":"box","text":"the potential financial losses that a company or portfolio of assets could","page_number":2,"box":{"x":515,"y":865,"width":426,"height":9}},{"id":"69520d3f-b792-473b-8514-e06ddd1f45b6","block_type":"box","text":"incur as a result of climate change. For additional details Climate Value at","page_number":2,"box":{"x":516,"y":878,"width":431,"height":9}},{"id":"a23fbb38-0191-45d6-bb7e-6e80142f2920","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":891,"width":210,"height":9}},{"id":"694fa3ad-101f-4beb-a8fe-b45e7e04a3b4","block_type":"box","text":"click h","page_number":2,"box":{"x":729,"y":891,"width":37,"height":7}},{"id":"61814475-a69c-471d-830b-68f04fa2af12","block_type":"box","text":"ere","page_number":2,"box":{"x":767,"y":893,"width":19,"height":5}},{"id":"76ff10c1-1085-4229-962e-d33414f3fce8","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":897,"width":2,"height":1}},{"id":"3cb7d871-3a45-4dc4-b7c8-0a71e27874f7","block_type":"box","text":"Report ID: 5648756.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"8dd2237d-8e51-40c3-8a7e-031caa1c196e","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"df9e5a84-35cb-42a7-8092-1f062a0e7b8b","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"2e3eeb38-1928-4652-aa45-9dc4a4b04477","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"13091083-c72c-424d-af72-a96ddf1ec5d7","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"d7a45e6e-e0c9-4722-a1f6-cf5d4e2fe6b8","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"cd26e8a4-6142-47ea-b9c3-e141fcea0d85","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"c5c85cb3-7a5c-46fc-be36-4dd552944874","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"5b0f1abe-c8fb-47f0-92bd-e15fc0203884","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"a23bdf47-32fc-4680-b932-2a8cbbd9d4c0","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"9d4d0806-8e5f-4391-8923-aa629033d062","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":"fc7f91c7-599c-4306-91d4-5218efcdbf27","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"e8af05a8-05a6-4908-baf8-a798c0ce0bbd","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"15a29a7f-c19b-48c2-8499-581082b80574","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"24d80084-b8f8-45d7-b8ad-d47700cec572","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"f233d46a-801f-46a4-96e5-e8a196c0befd","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"303b6fbf-f86f-43e2-b68a-a4fdab6b316b","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":"f272328b-6d10-4961-a66a-9748901d5d70","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":"0a0b08f4-c111-4557-97c2-0eb03a951bc1","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":"5cd90fb3-0ad8-421b-b541-8107aa3434ea","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":"21cafff0-d683-466c-a9cb-fa6618eeda51","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":"93b45357-7fa1-4181-ad43-163f8e9b25ab","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"6f1938ed-e177-4bc4-8030-f21b7be194cd","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":"5392daa8-b4b2-4439-b5bd-b16409cd2224","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":"d661179b-ed78-45a3-8cf9-80103b3b4eca","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":"97c6b092-6d8e-4ccb-9dc4-a9bbe1e5ed66","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"1f69e016-a93e-4211-a80e-13d56192236f","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":"1b763487-1045-4062-b3b6-e1dab86c6e78","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":"55ce3025-17ca-42f6-b4ef-8f4051af3b4a","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":"c90fc537-8e0e-4ed3-9581-a10d9be0b66b","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":"9898b938-c5c1-40af-a0dc-aa423bfc6036","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":"94653d15-651f-44e3-89e7-1a1f6868753c","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":"b883f264-2614-46e6-87e8-3dd6915eecf6","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":"83b7c287-31d8-44e7-8371-070de811b84d","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":"c2c75cbd-5610-4a42-aca3-68c9f4fec6a8","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":"e4decee6-1663-48f4-a72f-34a2db658d6b","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":"5072733a-bfb1-46aa-a416-b927e2dc0c29","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":"57bc41cb-6923-44f8-86ed-7382fcba37f6","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":"a186ad40-b263-4f56-abc2-75411e3602a6","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":"1784509d-b6df-452b-8b10-fef23d4c9cae","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":"151e0134-e1f3-4899-a5e2-fc1169ce63fc","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":"d617b16d-f993-472f-bec3-cab664c08723","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"b729bacd-0367-4b61-8d6a-4f2895b90d1c","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":"00f98b5c-19e0-4df1-b21e-cd3a2c836a8c","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":"93b9a73c-fb17-4ff8-9eab-da5c431dd5f5","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":"93e8bb6f-d186-4422-80fc-b6fcb9f4ef56","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":"e0fa7ec3-10b2-4049-9825-11abfc8c55ed","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"af62f683-da8e-4878-9ea1-ed92f512523f","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":"ee56746e-8349-4213-9fef-ed750736e28b","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":"29f99236-395b-4083-a1db-6eb41c36749a","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":"f2cdf457-f729-4508-a2ae-405f8e500cab","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":"15ce2dc9-8151-429e-a826-4ff225316dab","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":"7d61af5f-8eaf-41b0-bbe6-c1cfd7bee38f","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":"0534186e-8980-4ca8-85ec-776573d10a06","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"c7d59d00-3a13-459e-bc34-231c3a3f8ecf","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":"ea1ed405-0ffd-4a9b-807e-9d69695196b4","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":"05b2fc4c-25ab-4586-b878-e3a45082e9ca","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"bde7ca8e-cbc1-44e1-acf0-659a6284386b","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":3,"box":{"x":51,"y":722,"width":415,"height":8}},{"id":"77caf40a-ec63-42cd-b1a9-6c3226116db7","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":3,"box":{"x":51,"y":734,"width":423,"height":9}},{"id":"60a03498-30af-4928-8a35-e28bf45c6b18","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":3,"box":{"x":50,"y":747,"width":418,"height":9}},{"id":"3522f7c3-1f15-4a27-b712-05f40d842955","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":3,"box":{"x":51,"y":760,"width":408,"height":9}},{"id":"1a456ae4-a14e-4723-b4d2-148e960b2420","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":3,"box":{"x":50,"y":773,"width":429,"height":9}},{"id":"6f424c88-a819-4b0f-8d42-9734ccc9b032","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"b0f6b4a9-d6a0-4853-ad7b-8ecb6229771b","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":803,"width":430,"height":9}},{"id":"5a618589-08ad-44a7-bf36-9617bdea9d6e","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":816,"width":420,"height":9}},{"id":"9c6e530d-4b40-4aae-a6ed-4ed26fdb7720","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":829,"width":372,"height":9}},{"id":"d035146d-ac7c-4c47-8a68-2a90e7134fea","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":846,"width":414,"height":9}},{"id":"d0cc229d-d71c-4f0f-bfb3-3a6a49c480ee","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":859,"width":400,"height":9}},{"id":"4d5a4533-f852-4393-99b2-0cb593f16f05","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":872,"width":396,"height":8}},{"id":"9861b5bd-8d60-49e7-b208-04e12e9cf4ae","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":885,"width":416,"height":8}},{"id":"9ff6a84e-a477-4e6d-9766-1fb7b72c2561","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":898,"width":403,"height":8}},{"id":"cbde7a38-b743-4fd5-a096-d05e549c8529","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":910,"width":407,"height":9}},{"id":"1552b9c9-b2f5-41bf-9758-62455c755dd5","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":923,"width":410,"height":9}},{"id":"bec54f49-f052-4688-b1d5-a89d06c91ec1","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":516,"y":92,"width":414,"height":9}},{"id":"4c0596ee-4f6a-4192-921f-4884aadc59a6","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":515,"y":105,"width":429,"height":8}},{"id":"019a86a6-e479-4a17-ad0a-02dc80830ab0","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":515,"y":118,"width":432,"height":8}},{"id":"270fd75c-3312-49a0-836a-fdf35ecb52cb","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":516,"y":130,"width":421,"height":9}},{"id":"6926c9b8-2ee4-4717-9a02-6462eb4dbc01","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":516,"y":143,"width":429,"height":9}},{"id":"2bd79e6d-b8db-40f5-a0f5-4a1559d8dae0","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"cd2e1554-0ec0-4763-999f-078710f17962","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":174,"width":416,"height":8}},{"id":"b1155986-4606-48a3-bb1c-9f3f6590b1ae","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":186,"width":415,"height":9}},{"id":"7d917ed3-04f3-425e-a5d4-b9eaec978c04","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":199,"width":422,"height":9}},{"id":"869612cf-d2df-4fe0-b0a4-35cf28d5cd0d","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":212,"width":307,"height":9}},{"id":"3056fa0a-c3a0-4c96-b36d-a4ef09a13b4b","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"45b4f979-947e-469a-a680-b0eaae7e4d4d","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"1906ce34-01f4-48a7-9a69-80a3d22e3f64","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":225,"width":292,"height":9}},{"id":"ea19cba6-dbd1-454f-b9da-fb0e5159181a","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"a0eec8b7-12cf-4c3d-9825-dcafa3812b34","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":238,"width":421,"height":8}},{"id":"c3fed7a0-d5fa-499b-9bdc-e813bfb1c0d3","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":250,"width":390,"height":9}},{"id":"34996494-646d-48ff-86e2-1d5f59c3548f","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"a47e4e0a-cc4f-4a08-b585-724ede7b45e4","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":268,"width":418,"height":9}},{"id":"c83b421b-e128-45e4-9d33-ef20af638f1e","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":281,"width":431,"height":9}},{"id":"89f900d9-c16e-4ee3-a4d0-328775ead55d","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":294,"width":354,"height":8}},{"id":"c06463b4-f5c9-4413-b5c1-44d663cd09c4","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":311,"width":403,"height":9}},{"id":"0c6e16d1-1808-4660-9a25-a815b388bea9","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":324,"width":411,"height":9}},{"id":"8fb63778-96f7-4219-9105-77ac38d452a3","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":337,"width":401,"height":9}},{"id":"63032dc4-0a6b-48c5-9702-a71bab51835a","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":350,"width":402,"height":9}},{"id":"3b29b1b0-9005-4042-bf5b-5214151d6994","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":363,"width":416,"height":9}},{"id":"819ab383-48b6-4649-b0b2-37cd32227c49","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":376,"width":338,"height":8}},{"id":"e3ef1758-2c34-4454-bf3d-262f39ae5e9f","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":393,"width":408,"height":9}},{"id":"1c950284-d4b2-4ecb-bbc6-b3b7d28dc2f3","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":406,"width":416,"height":9}},{"id":"b91f0040-5eeb-4744-a2ed-e602ec8df688","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":419,"width":382,"height":8}},{"id":"f31bf23b-959c-470c-b81f-674c52db3744","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":432,"width":397,"height":8}},{"id":"4b749713-f7aa-4205-8157-54cb7b9d30b6","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"6ae47b52-fdd8-499d-89d3-703acedac92d","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":462,"width":398,"height":9}},{"id":"93c0c4d2-bb31-449d-866e-edc78d3e7ea4","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":475,"width":407,"height":9}},{"id":"1bc621a1-0125-4682-aae9-4168e9637797","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":488,"width":427,"height":9}},{"id":"7391c634-b9ce-4382-8b38-bf58f4d92873","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":501,"width":403,"height":7}},{"id":"e39475d5-a694-448e-9334-e7ac9f6708a7","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":514,"width":393,"height":8}},{"id":"5e8a11be-494d-4f07-bf71-ee48a30e75cc","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"02f915ae-03c2-461a-8db8-3fc4402bb222","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":544,"width":389,"height":9}},{"id":"e704e7f0-49d7-4f97-b3a1-bf166b500171","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":557,"width":379,"height":8}},{"id":"a6f53309-10b7-4a62-97bb-5ae28479291a","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":569,"width":360,"height":9}},{"id":"62ac3a8e-9c8a-4b3b-844b-d5fbf2afeb75","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":587,"width":419,"height":8}},{"id":"f91f803b-1160-46a7-b9ef-28f1664eb720","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":600,"width":431,"height":9}},{"id":"3c6908dd-6c3f-486e-aa96-56411322979b","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":612,"width":428,"height":9}},{"id":"271a38cd-50b2-4c30-98cf-818a08c83d07","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":626,"width":427,"height":8}},{"id":"8a9a28e8-b33d-4531-9ce3-c4a53598fb52","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":638,"width":411,"height":9}},{"id":"32f7ce7d-0c5c-452f-b645-2cf587bdd396","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":651,"width":395,"height":9}},{"id":"3f6844ee-3726-44c9-902d-9161f958d3b0","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":664,"width":411,"height":9}},{"id":"1e1367ed-ec8c-45d9-99ae-23713b832630","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":677,"width":396,"height":8}},{"id":"5d8e5134-2df8-491c-94f4-63201dbe90aa","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":690,"width":433,"height":8}},{"id":"833bfaee-d6bd-4822-9669-93fe43e49611","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":702,"width":420,"height":9}},{"id":"759cafda-fdca-4b0b-be1f-23a45296ff43","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":715,"width":422,"height":9}},{"id":"bc8df8f3-9c50-44b3-a6ec-eda3e89065c6","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":728,"width":392,"height":9}},{"id":"ad2dca30-5daa-4b76-ab98-5cac3be4a2b8","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":741,"width":407,"height":7}},{"id":"4af47bab-2f36-409b-907d-a7aba694e739","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":754,"width":413,"height":7}},{"id":"111fa284-b0c1-4781-845f-8b17d89002b3","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":767,"width":412,"height":8}},{"id":"12eafe8d-6ad0-43ac-90c7-68d6fd755800","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":779,"width":431,"height":9}},{"id":"f32ad7c2-49ae-445d-b5ab-29f4f44e7f1f","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":792,"width":398,"height":9}},{"id":"bc2eab5d-38d2-4d9d-890c-2a664fc90e5a","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":805,"width":403,"height":9}},{"id":"6a7e8903-217b-40d9-917f-137a83513e8f","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":818,"width":401,"height":9}},{"id":"ebec00fd-2876-4265-80bd-c7afcff6918a","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":831,"width":418,"height":8}},{"id":"67e16c53-8f73-4634-9965-29834b18b578","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":844,"width":428,"height":8}},{"id":"1c386723-de61-4c15-9c3b-5c071beda868","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":856,"width":405,"height":9}},{"id":"c68b14f7-c5e7-42ce-ab08-49a72a31524a","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":869,"width":426,"height":9}},{"id":"925dbc06-92fa-4cef-b838-cc6070b79112","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"19879a28-a0a9-4b75-9459-50766db8c88d","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":900,"width":429,"height":8}},{"id":"b42a0143-9e3c-4e38-95b1-aab87455bd67","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":912,"width":428,"height":9}},{"id":"d9220856-1e94-43f6-ab96-4a88531eee2c","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":925,"width":415,"height":9}},{"id":"1e4edb63-4c79-460a-828b-7355507118fb","block_type":"box","text":"Report ID: 5648756.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"b7c874d3-0f38-4abf-8562-10cbacaeda9c","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"4cdf1120-21b0-4da2-b640-4763fd418683","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"d0ce35a2-fee6-4ba1-953d-9aba98fa433c","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"e8739e3f-0bbf-48f5-8112-1e9cac1dcf18","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"62318645-d41d-43f1-ad87-f1d8d40e8f60","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"9385af11-1982-4d71-ad91-e829a8d39716","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"0fa3692e-f56a-4e6f-8c6f-b26b317d81fa","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"7b20dca7-d96d-4825-9e90-63907551f873","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"591ddc28-d334-4d22-aaab-30ca5983ad81","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":50,"y":35,"width":389,"height":9}},{"id":"d0fd864a-d5a6-4636-b362-fa93fb7ec0d1","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":51,"y":48,"width":432,"height":8}},{"id":"86370e57-60ec-4c61-846d-f185501741aa","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":51,"y":66,"width":224,"height":8}},{"id":"17d99222-636b-41f9-943d-60d74bb53522","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":51,"y":83,"width":360,"height":9}},{"id":"162fe185-48d5-4783-a645-45a7df1987a8","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":50,"y":96,"width":404,"height":9}},{"id":"9ea149e3-19ff-4a19-93f9-204c0be91d5e","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":51,"y":109,"width":119,"height":8}},{"id":"878113e1-6141-451b-accb-59f5b3ebfa1e","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":126,"width":433,"height":9}},{"id":"726d9e2c-49da-4860-99a0-d426e9a9ca72","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":139,"width":418,"height":9}},{"id":"c3aba045-0cb5-4374-98b9-1753b207198a","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":152,"width":398,"height":9}},{"id":"606b9f4a-e2e8-4ad7-b36a-2fd0af8fe3d4","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":165,"width":413,"height":8}},{"id":"a6956fb6-914f-4c60-b5d2-ef1e647f0a18","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":178,"width":292,"height":6}},{"id":"a21ead4c-84a3-4bc0-ae4c-a6c623227c47","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":179,"width":58,"height":7}},{"id":"f75183f5-26ea-4344-b421-c379b15b7cf3","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":180,"width":28,"height":4}},{"id":"cf08ce86-26f7-4bcd-b502-d9da1867a03b","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":183,"width":2,"height":1}},{"id":"87694015-675c-49d2-b732-dd6daba035f7","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":195,"width":387,"height":7}},{"id":"522e6504-cf36-4f20-a623-ff66b83885b2","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":208,"width":47,"height":8}},{"id":"4a732ba3-7bcd-4aed-a903-f2fd447b1165","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":225,"width":385,"height":9}},{"id":"7ea44eb5-c8be-483d-b320-cf6dd336f965","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":238,"width":403,"height":9}},{"id":"9e2048ff-869c-4dab-9aad-4378abf64214","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":251,"width":401,"height":9}},{"id":"e153ce9d-6a80-4fec-882f-58fa2499deee","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":264,"width":412,"height":9}},{"id":"764563af-9938-4a47-8533-74bacea7464d","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":277,"width":221,"height":8}},{"id":"eaedf4ca-af4e-4511-92d3-0176f6ca3920","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":294,"width":413,"height":9}},{"id":"931d815b-551f-4465-be88-0ca2724d1fac","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":307,"width":415,"height":9}},{"id":"fd937731-79aa-4111-874d-8a59ebd8ff2a","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":320,"width":427,"height":9}},{"id":"cc4dcb74-e643-47d7-a954-e45e1c4ca605","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":333,"width":394,"height":8}},{"id":"5ee0fac7-323e-4847-8e10-d350feec0327","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":345,"width":426,"height":9}},{"id":"93a0c401-f6cd-4555-bd24-f23d4ce0a9c0","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":359,"width":369,"height":6}},{"id":"6bc96bc6-8303-4f25-8993-3464c82349cb","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":371,"width":408,"height":9}},{"id":"e4a3a267-848b-4b7e-8289-16728f47ecb2","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":384,"width":413,"height":9}},{"id":"620c5e4e-09f6-4e12-8e06-ac7aeb4cedf1","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":397,"width":426,"height":9}},{"id":"3b0cf65a-0a09-495d-9fc1-732e700d08dc","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":410,"width":277,"height":7}},{"id":"f80e4628-292e-4676-8d70-c66dab0dfec1","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":515,"y":35,"width":410,"height":9}},{"id":"4f11011d-f9a1-4a50-a6f4-32bd5b92184f","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":515,"y":48,"width":415,"height":9}},{"id":"b83319c8-552c-4564-abca-9341e2030209","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":515,"y":60,"width":414,"height":9}},{"id":"d1658ebb-99f9-43cc-8e90-a1bbb8f42ab6","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":515,"y":73,"width":411,"height":9}},{"id":"1adece9e-da2c-47ef-b734-c97ec1ebbfa6","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":515,"y":86,"width":421,"height":9}},{"id":"863d883d-c765-4cd1-b269-7db4e355ae43","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":99,"width":238,"height":7}},{"id":"50977c9f-5743-45d2-8252-f4435c785e31","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":117,"width":408,"height":7}},{"id":"cdbe96f8-ccd7-4d40-996d-e4dfee7fc4b3","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":130,"width":413,"height":8}},{"id":"5dcba0e6-0979-487a-901d-887c6571bd1a","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":142,"width":397,"height":9}},{"id":"2312b917-189f-4f95-8f8e-3accb198b0e2","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":155,"width":391,"height":9}},{"id":"9fc123e8-36ac-4212-b065-2cea6dfe0f65","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":168,"width":428,"height":9}},{"id":"8f9575f2-f295-45c7-b929-4efc619561fb","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":181,"width":420,"height":9}},{"id":"6d44db12-4fff-4ad9-aa16-750cd121cbba","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":194,"width":360,"height":8}},{"id":"37ceed78-5fd8-49d8-bd1a-e9211e326c33","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":206,"width":374,"height":9}},{"id":"1824b117-168c-4f49-8c2a-112cba0e31ea","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":224,"width":419,"height":9}},{"id":"cee13c34-8002-4ed9-9a0b-cf7dbb696197","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":237,"width":404,"height":9}},{"id":"6a10687d-fe1f-4fec-b17f-73ce7db1a652","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":250,"width":401,"height":9}},{"id":"3aa46a47-d2da-4c87-901b-b1c934213104","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":263,"width":392,"height":8}},{"id":"f3f4ec55-f478-414e-8ab4-53d60c30b60d","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":276,"width":103,"height":6}},{"id":"95fbdbe0-dd59-4adb-b682-c8c0ba1a8c8c","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":293,"width":417,"height":9}},{"id":"5fc43669-1755-46a1-ad46-83ec9dc60d3f","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":306,"width":393,"height":8}},{"id":"09764b16-beda-458f-a284-107cf9b326b1","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":319,"width":411,"height":8}},{"id":"2f54633e-8517-4895-8716-324df0a80a23","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":331,"width":266,"height":9}},{"id":"4728a3c9-5d6f-44fd-9a67-e2501ec96ff8","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":357,"width":326,"height":9}},{"id":"bed3b2e4-6902-4cf8-8943-afed63bb4258","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":370,"width":236,"height":9}},{"id":"e1497467-0b2b-4ffc-baa6-3c29a5ccea84","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":383,"width":169,"height":8}},{"id":"6f5856d7-c8c6-4d5a-a29a-8ad9b354fe98","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":396,"width":259,"height":7}},{"id":"f86e74ff-dfb1-4118-b4bb-75f37ca7e1a9","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":396,"width":23,"height":7}},{"id":"62ab386d-da5a-431e-9080-9a058ebf7a79","block_type":"box","text":"Report ID: 5648756.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"c2cf582b-9552-40e3-85d9-bda026f0803d","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"18cbf6ac-ab02-471f-a663-d6610c732af0","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"5edcef12-d7d1-4039-a26b-2d77aeb44d54","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"b291b697-6b50-40ed-ba62-b342f2f6997e","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"94817587-1d82-493d-b2f8-9ce451a5fb24","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"49b1a85f-53dc-444d-a8af-b4b5dcba8723","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"90340d77-1359-4a04-ae24-84ed1370ef33","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"d92a2da4-3806-46d1-811a-de73a433bc81","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":"becb8a76-35d1-40ad-8ef8-3abe01a46c39"},"user_id":1000002,"date_created":"2026-10-17T01:06:04.712000Z","date_modified":"2026-10-17T01:06:04.712000Z","private":false}