{"annotation_id":"9db7553f-7e78-4748-b6d2-792cddfceb4b","file_hash":"612c485e7dca90ea03cfe26d5c802d7950ae8755e9e7012aeacea07544593491","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"7abf3fdc-f3e1-487b-9a56-cc8b4991fd3b","block_type":"box","text":"State Street World Screened Index","page_number":1,"box":{"x":51,"y":71,"width":602,"height":18}},{"id":"466d7e9d-a5f0-45d1-8450-12902b55db04","block_type":"box","text":"Equity Fund - I GBP","page_number":1,"box":{"x":52,"y":105,"width":327,"height":23}},{"id":"71492155-32c3-4ccd-8c0f-bcecf00af1c9","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"d6083928-b644-4ca4-be40-32d5dd1d4092","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"2c3690b1-936a-47b3-83b7-1e9ae85c6694","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"4991519b-981e-46f7-bf4d-1db6383b7593","block_type":"box","text":"LU1749254378","page_number":1,"box":{"x":754,"y":107,"width":80,"height":6}},{"id":"0ad99b9a-ba5a-4c2f-975e-047c4ec1e528","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"52931a26-e773-4509-bfd7-2ac30b1f357f","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"d5e49287-0714-49b9-9908-5661e9c0eb48","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":221,"width":844,"height":7}},{"id":"30815c44-aac2-4a91-ba58-e566101c4bff","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":"e3c1dc7c-832d-4d3e-8ec4-abb09d5a22a2","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":"54e23104-7e42-4898-b0e3-18284367608a","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"5695aed4-dd36-41d9-8a9d-32966d993db5","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"c71a688a-08f7-44bd-977b-db3d67d391f6","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"9cead3dd-0fc4-45b0-a11a-0c63c73c94cc","block_type":"box","text":"10.93%","page_number":1,"box":{"x":105,"y":315,"width":60,"height":8}},{"id":"9be9b502-32bc-4cd1-81be-2f848e2f8200","block_type":"box","text":"3.67%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"22942dc7-dd0a-4843-9438-0c9fc196115d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"579c1734-8bd5-4c53-9f0d-f9107759a493","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"d0b63b66-81dc-40a5-83ee-35e8028c82de","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"0c000d53-a798-4041-b9ce-887ffdad220a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"57ff65d4-58a1-42ff-8e4c-d5d67d4cb327","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"1153be8d-46f1-4f16-9c14-094e86b139cf","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"6dc01f4c-ed3d-42aa-b12e-9439ecb74183","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"7e545172-d9b1-4ebf-9299-ed1ddb8f16c4","block_type":"box","text":"2.57","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"42be64fb-e1fc-4bd6-94a6-90bee075a34f","block_type":"box","text":"0.37","page_number":1,"box":{"x":338,"y":425,"width":40,"height":8}},{"id":"86a3b778-8aac-4f88-b6f6-8e5cd6815c2f","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"a9c109ee-4853-4189-b6b5-46039601d911","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"3f7cbcc1-1b48-4ddb-8f21-473cf452b103","block_type":"box","text":"99.75%","page_number":1,"box":{"x":182,"y":456,"width":46,"height":5}},{"id":"5613ff3f-8a66-4a16-93d7-e66285685f1b","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"61c212dc-3164-4914-99c2-6dd0126989ac","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"e4b356cf-9b66-4533-9873-7efe8a722dbb","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"def2e32c-1c65-4531-8dc4-2ad03fc27ea0","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"39ebe06b-0a12-49fe-ac29-1572f221f975","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"dda2eac3-f39e-479d-8123-035a366db996","block_type":"box","text":"16.33","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"234f1015-6f97-45eb-9222-3cf506297646","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"a6ee6fa1-f565-4ed4-958b-2b622e507038","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"b6792df9-c4f9-45bc-8486-905b327a976d","block_type":"box","text":"5.27","page_number":1,"box":{"x":330,"y":547,"width":29,"height":5}},{"id":"a97dfa86-7b89-42a1-acf9-1e552a940513","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"78d1e28f-be92-4c44-ab34-e39a8b861ffa","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"447fb1a3-0400-4e6e-9c20-876bd4b28707","block_type":"box","text":"236.77","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"920d2964-3c97-47e4-88c9-14befcaa5ede","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"9dd8fc38-f157-439e-bdef-9eca50926ce3","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"6b4999c6-fc8a-4e4d-a61e-d5a976e8ae2c","block_type":"box","text":"21.60","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"cbdb275e-d1c4-436a-9c5b-712713969713","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"763e944d-11d7-491f-86a7-00492e4c637d","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"553d82d6-5637-40aa-b09b-c6d09265c9e8","block_type":"box","text":"271.30","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"192745eb-0b99-403d-818c-be57edfbe802","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"430b353c-17da-45b7-99ca-d88a60a39fa5","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"221b51d5-98f4-4436-9cd8-d33783dd5e63","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"6ea40a3a-ce9a-4dab-9e98-76b839ef839b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"20241454-7829-485d-ac5e-1a2aca24f306","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"6ddb6ed5-48ce-407c-96d7-ce1da29fe5ba","block_type":"box","text":"94,793.05","page_number":1,"box":{"x":772,"y":330,"width":68,"height":7}},{"id":"e8b2bda6-74ce-410e-b900-3a35e65e97a2","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"353762c5-b930-4df4-9539-7ac5e4d544b5","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"a98b2057-b583-42b2-bba6-cedf380d336c","block_type":"box","text":"30,593.43","page_number":1,"box":{"x":772,"y":347,"width":68,"height":7}},{"id":"2faa04c9-b705-4f95-bd6e-e5e9a63e420b","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"e306c1fb-6327-465c-896a-7d6085eb281c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"a398067f-01b0-4ba0-98c8-7c450cb73818","block_type":"box","text":"1,374,191.70","page_number":1,"box":{"x":749,"y":363,"width":92,"height":8}},{"id":"1a612175-2f85-46e4-972d-a6fce6d16211","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"a3b1e3f2-4394-4511-91e4-830d74fc5d80","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"a1ef27db-072a-4faf-b42b-49b2d59db15a","block_type":"box","text":"125,387.09","page_number":1,"box":{"x":765,"y":380,"width":75,"height":7}},{"id":"80f81d4d-8cc8-4a32-9b82-38f225ccba55","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"ddee6bad-c386-4447-9f4e-8e209a2d8a52","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"acec1ebb-c304-4ee5-ba30-a73d15913c1d","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"1a3b7eae-12f0-4a04-a04b-d08fbeaf1713","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"fee38f9b-61f3-416b-8baf-0590bff150bd","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"3e5c61a8-e3e6-4406-adf0-e5c84f6463d1","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"223dc1f3-0669-447a-a321-599f618efac9","block_type":"box","text":"44.99","page_number":1,"box":{"x":803,"y":461,"width":37,"height":6}},{"id":"7a7f1419-96d7-4d16-900c-31942523b16e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"2dec9344-317c-42a8-a069-b8d15f573131","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"28a1d0c0-489d-40ea-b04d-9e1fbda7f31f","block_type":"box","text":"20.85","page_number":1,"box":{"x":803,"y":478,"width":37,"height":6}},{"id":"f5b79d31-bf5b-436c-801b-73474c324181","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"65e08181-1dd8-41f2-999f-62e5f47502fc","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"f72058ff-2990-4ace-a0a1-d946d1f547c2","block_type":"box","text":"627.18","page_number":1,"box":{"x":795,"y":495,"width":46,"height":5}},{"id":"5281dc80-b26e-447b-ac07-115f279b84c7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"0a02adc7-f4b3-4cfe-ab87-e18f9b06f30f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"36dc9bfd-6f69-4008-8fdd-916d52987eba","block_type":"box","text":"65.77","page_number":1,"box":{"x":803,"y":511,"width":37,"height":6}},{"id":"dab1e14f-c15e-4dc1-a284-7a21e0ec674f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"1dcc1b39-8a44-4fb9-9b8f-24e7cad121d0","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"2c0183f4-a9b0-4c53-8137-8826fa3f11a8","block_type":"box","text":"691.84","page_number":1,"box":{"x":795,"y":528,"width":46,"height":6}},{"id":"dcebd57f-3741-4dea-a1d0-7bc27e84849f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"7f7a3009-295a-41cb-bd8a-5bb272cd6bfa","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"35cccd17-a190-4c8d-a583-35db351deeec","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"148545d6-b7f0-4dbc-86fc-56d00bceef3a","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"53f05f6a-262b-448d-8ec2-f6c291fc69e8","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"32ac1c94-8988-45cd-aaa6-7e6f6e37d791","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"97bf20bf-5247-4370-8340-855baeb5b15d","block_type":"box","text":"-7.29%","page_number":1,"box":{"x":797,"y":610,"width":44,"height":6}},{"id":"35fe6b7d-147a-494b-86ee-38f15681e3c4","block_type":"box","text":"99.80%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"71aa264f-4b3e-4cb8-832e-f6626a78c770","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"44e944e9-0e61-415e-8b7f-7ffb23c8b96d","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"31ac71c5-9ca1-4ccb-b25e-e19d2957fe3c","block_type":"box","text":"0.59%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"dd7ee4ee-803c-499f-9cf4-518f0b7f7bf5","block_type":"box","text":"94.91%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"702b66cf-615a-46f1-8265-d9e7d3a622ca","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"1f27c938-6157-46df-92b4-935f435f3a98","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"f9482727-8b97-40f8-a22d-c5a798bb81c8","block_type":"box","text":"-0.29%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"694dbe95-4c7b-4c81-802b-7adf12437dd2","block_type":"box","text":"99.20%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"446171d5-366b-47ee-89b0-7b9a288f220f","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"28d4baef-1794-4b41-a89e-1b58980bebce","block_type":"box","text":"-0.87%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"384329d1-cef2-478d-83ff-bd7331379a1f","block_type":"box","text":"99.20%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"9ef5b272-2a81-4e0a-ae20-d30751ade82b","block_type":"box","text":"Report ID: 5592756.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"d9d83ba6-be6e-4d02-adc4-84711ed486f8","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"4bf50e3f-e8b3-42f7-9683-6b67a7ee135c","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"af82b736-fc8a-4509-8997-ff527694665f","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"6fa2a9af-5938-4a64-aea4-54884d972e33","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"67c17d0a-5656-4de3-8f5f-511d1c6adf6d","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"097f9a90-d9f2-4bd7-a4c8-5149024d9e98","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"22c1252b-e233-457d-8ad9-57a0d6a86ae2","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"39cc470a-33e4-4e3d-8312-1f9db7a62691","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"3d08ae13-ada3-4932-bfaa-937ec5a78d73","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"bc344b4f-706b-4664-b145-155a659c6731","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":"debb9ff5-21f1-417b-946a-350d2f462096","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":"f582b1e9-3e69-48f0-9a1f-685a93b93b08","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"12fb7743-d5bc-4e7b-8ddc-c58d57648e6e","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"daf8c7fc-8c61-4548-b6c1-bed66c0e620b","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"c5c04446-1a2f-4114-9b08-d0f73ac06b0e","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"72b47443-c4e9-45a3-877a-83cf5c03882d","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":"cddae45c-5b62-456c-9379-f9a296c86205","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"00895665-ae0f-465d-beac-ff5ee6c750e3","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"a8ea4f5e-3280-41a0-b237-fb9fb2869f99","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"55ed8d56-615c-47f9-9812-dc8b10ef6fd5","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"4f25486c-3625-4050-a7d5-28eb9ae886ee","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"ede42df0-a51e-4d4b-856e-467acc495bf3","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":"8e66cb17-5cd4-4215-a437-c64ed8f1f9a5","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":"44668446-2adc-44e5-9a21-a8bb25086bb9","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":"fc7e187a-e52e-4969-97eb-6fb2f2ec98b0","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":"d685a754-b731-4807-bc66-1e4835cc4589","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":"86df470b-306a-4941-bfdf-0ce9702048a1","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":"5b86f00d-6a8c-4684-b6d2-b3fd01fb413b","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"e1745d9c-b670-4b73-b572-5b0cb8f50cea","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"d7e1ef31-7da9-411d-b3d0-338a67cf970f","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"9361522c-485a-4ecf-b7c8-eec4253b9b34","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":"7dc45181-7032-4815-b27b-db2294eeeae3","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"4ad6f9d6-c41f-4576-80a7-cedee917d03a","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"aeac05dd-afe1-4acb-8882-f5303c4fc102","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":"63e70a51-60e0-4812-b560-dbede0032062","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":"49045d81-a3dd-4327-97ce-2df5ad4579aa","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":"f4840a3f-7ee8-4f3f-8592-b5564b6ba645","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":"262c42f3-229c-4ab8-a109-a8ecdd2c0f7b","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":"db40b578-f84f-456c-ad25-91bc1b8f2178","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"c6626fda-68c9-48c0-8f7b-a0b88fe5a85b","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"562d22c5-fbf4-4907-a7df-50ae3864bb58","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"41ea79aa-6d7a-4b3d-97bb-689d41c03eef","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":"0112b407-08eb-4a61-83a8-af6fe52aad5b","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"e59e1666-e171-4577-b179-f7a87327b57e","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"0fa5cb66-625b-4fbd-8c18-b74e8765a71b","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":"0cc827f8-1d9d-4999-a24b-4269d10be1cf","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"c17be0da-3add-41f9-8b24-914560e2e64b","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"592f95e6-3b56-4d13-9742-7596c4b74ce4","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"eb5d2d2a-1567-4e25-80b7-111367323d1a","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"45081e56-848c-4f70-9af6-e6484e88d669","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":"92eb65d4-93cb-49b7-8a06-cac3a7dc1f85","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"aaa232a9-ef54-4894-a4ee-d5f449cc543f","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"b90a055f-26f8-46f7-a588-5fefa7cbaefc","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"a16d9328-ace4-470f-b901-6af51b645b9f","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":"c59b2c4f-af35-4497-9981-87aff8bc425b","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":"733964c9-96cd-439e-9c7e-d28a80632d64","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":"b5c471ca-8ef7-488b-9594-4c592afe0870","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":"90acf496-32cb-4785-b356-7543fa0d0d19","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":"5a4fc01a-4ad8-4b05-90df-010623dae0ee","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":"1d84c9c3-e4d6-4f92-8865-8a44251724b0","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":"0afbc99f-da56-4800-b64a-a57eb43adc07","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":"c924017b-81ac-46ee-b23b-32f0b9eaadbc","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"79bc3b70-44fd-47a1-8e47-9f38e75cc10e","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":"874a648d-945a-4a6f-b817-ad39256693f1","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"fdfdfa7c-76eb-4f0f-8046-33b55b19bb9e","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"ccb4699d-96ef-42c7-878e-12947aaf9240","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":"13dd954e-c1b9-4172-af5a-6beb08bfcedf","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":"ba3d66e5-e8e2-4096-a8c9-9a42217892dc","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":"f119a5f1-e0be-4d06-92d4-30133fc5f744","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":"047a831d-f046-4d02-8382-78b0f72c4802","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"e5bec76d-34dc-43fb-9825-5d92095577a2","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"4dcf1709-9640-47ea-b788-43908fe952bb","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":"794c86fd-35aa-4146-b3bd-9d7e5fd367f6","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":"477ef3b7-bea6-48a7-a975-6e8d94ebdba2","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"76ab9b75-812b-42ee-8f49-f0d88f9d1107","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3 -","page_number":2,"box":{"x":515,"y":237,"width":370,"height":9}},{"id":"03dd1347-89e3-4768-94e6-54876c9bfb28","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":"483700e5-c5f7-4613-ae2a-1e83abba2147","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":"24767f7d-9eb8-4c7d-a44b-f3be28f4cfcb","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":"28984937-78a3-4682-a8ba-7c353b080345","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"6ee8dfac-0201-42e6-983a-c4f18f7701b2","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":"45181dd1-65bb-42f6-9787-d42bddc64660","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":"fe92bf5a-f81d-40c6-b294-bd32374daa02","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":"af47e29b-034f-44e9-b376-7e86c476c2a8","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"54e95cd7-f681-49eb-a3bd-d9eec6227a96","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"417ec8cf-c4ec-4368-a81c-aa11464bf2a0","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":"a04986be-336a-4157-89b9-a09c02ea3bde","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"658d0a54-c36c-40ca-aae0-edcaee8995ea","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":"f7bc2937-e895-470b-8b27-c6adcfa1db16","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":"b25fb494-f8a8-4691-ab49-ab7cb931a50b","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"5665c85a-92db-46e5-b4fc-e30863755379","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":"4df47ca0-2079-442f-94db-e7f6d3e34252","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":"3bd5896f-f8e5-4312-9c68-b50fefd38594","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"9d6c7f9a-0894-408b-929c-0b332d82baf0","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"fbe17dc4-38e7-478c-9792-3655dd0935ed","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":"ab193295-0cf1-4e1e-b5b2-3494f2f16c45","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":"82224628-4087-46dc-930b-fefff6f94978","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":"699d840b-df05-412b-b673-92e54076a4c0","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":"0be7f02f-5002-46be-9ab4-aaad8a0297bd","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":"2aa45924-9967-4aee-bf5c-59a8dd562b6e","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":"fe6303c8-28d2-440c-944b-f4a6c42bc585","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":"85424157-b0e4-4b91-89e2-72daa8aa71bb","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":"774cae93-65db-4ba5-bb05-38beb7d0bb23","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":"bc8b7d18-5e06-42ce-92fb-9eeca37d6083","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":"dff47232-43a4-4a1c-932c-4b6ab147fb2e","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":"77294a24-49e0-4a3c-806c-d7572bfdabad","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":"41b08f19-c59e-43b2-9add-9bbbf08a2650","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":"56cabe61-8dcc-4a3f-9d02-2fd7fdeb0feb","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"fe1d9251-dba3-4df8-8b2c-f3b752fcc700","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"403223d0-9bea-4807-af6d-2f12d4c2bc1b","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"fffa5681-fc91-4267-98dc-28a1fa81353f","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"6049d30e-afdc-4a61-a9a7-cb80fbcfb216","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":"843cc2f2-fec8-4027-80c5-f5e384a485ed","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":"39019be3-a692-4d9c-8893-0147cdb818ca","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"b48b981c-f397-4334-b6f9-53c758b52dda","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"c216ac18-6e0b-4450-b771-1a76584f8301","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"b188b642-a490-428d-bf58-963b72709041","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"a44fcbd5-2162-4e9f-8c3d-c63110ffc498","block_type":"box","text":"Report ID: 5592756.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"899f72c6-f423-4b32-9ec1-00633d8575be","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"8843b6d0-7357-4e75-9f12-070e4e1172c1","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"05cedb83-c698-4b78-a5ce-c120dd792a49","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"147e24ac-cb58-4d81-ac97-e2b4fbfaef6f","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"1da845dd-dde6-4f3b-9e41-b02943ab4584","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"025a8b9e-3929-4ee9-9a52-38a9309b080f","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"f2ebe692-8559-46af-a97d-d94ad7c77338","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ce603179-3867-4ae6-bb93-d5098a8dfb12","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"c8a85053-bfc6-4bb2-9e99-6da80509ad03","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"cd2c66af-3d3e-439a-bd6c-d75b17156526","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":"653efb48-3891-451b-b992-d6e9e9d5bd7a","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"8f2c04f9-2178-42b9-ba17-cd9e8a0aace6","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"8d7651c0-06a7-4f03-8d85-dc65bb8b45ce","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"c2132e8c-1a88-4075-9e0e-616a84c34691","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"5d2ed074-da75-441e-9b57-28d05572c6bb","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"d1050f40-4195-4c67-aff5-63db441ef050","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":"6240a5c5-adff-4a03-884e-e5c669af97b4","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":"d5e7f135-d98e-4c6d-a8ef-f7356b1cfaac","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":"0db760e2-1c51-4d22-bd87-1b79d0fa7102","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":"f00e5dab-6cdb-4daa-8eb3-f3bef2e56321","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":"004ac495-a94c-472d-8b71-d8388d625589","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"aa07c40a-537d-4ac2-b011-9a1b44b260c1","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":"4a14b9bb-7008-4a1f-bd09-0afebf48cfed","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":"f98f5139-4ec0-4282-a228-e1da750ce523","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":"1d631aed-4de7-4c6f-ba23-6405070d5d2e","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"3ec6be40-b6f1-4f77-9bb0-d977c191ac01","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":"9742f640-fc35-4958-bac0-537513c1bb26","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":"4e42014f-23ee-47b4-978a-a80b88248db4","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":"47030cc6-eeaa-4123-be4c-a95d76b84e8e","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":"5c04bd89-0904-4956-8459-7b685cc6cf64","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":"c902cf10-e4c5-47a3-8e40-2dfaf6a08665","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":"76d96219-2681-4b22-b542-d60c24183845","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":"bd28bac1-bc50-41ff-9624-9b4369e45cee","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":"c7ea4aab-f930-4c97-bc2a-104257537049","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":"427e839f-24ee-4521-ba81-d3cbb370809d","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":"93178932-57ef-497b-9048-f8f37bdb18f8","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":"ef15bc7c-2512-494d-84db-8dae3e75ee0e","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":"0765b384-16fd-49a7-81fa-76ebf79d5ffc","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":"a815863e-f528-4250-92f8-d6d243c02f5b","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":"5cef268a-243e-4236-be77-13de5ddaa0d9","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":"a8666e38-8c7b-4f4d-8adf-77682b26034f","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"217f967c-067e-4c8e-bb9f-51adf7d4f16a","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":"2d1d87d5-407e-43c2-9183-39b744f29343","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":"9e25ee3c-fec8-4ebd-89fe-8f5403045dfe","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":"5125e1a9-6868-45da-8ec0-1b4bb6ecb299","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":"a2ecbec7-5985-4acc-861d-933482d0703b","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"0419fff6-7ae2-4458-94a9-827129d772ca","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":"e983b2ef-948e-4ab5-8978-066d5d55280f","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":"10a44070-a7ce-4f4f-8ab6-1b0d3b942b55","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":"6d2c6551-c984-4225-83a2-3bcc238c2d33","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":"168e05f8-651c-4261-b89b-59b93662f6d1","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":"1e7b23b5-f993-4d3b-b8ea-463c75f1c39c","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":"f98b96a4-d826-4cc9-8567-09ec7caac21c","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"0aebb73a-150a-489f-96d9-644ccd97e8b3","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":"e1071da7-1111-48c2-b85f-d05a3e428d2f","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":"a26b5287-9e6a-48ac-8645-78f2c99d42b3","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"9087ed71-b509-47c3-b049-c62395b95da7","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":"205a83f7-d4af-4f60-a458-75320d014c4e","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":"43801180-c016-47f1-af27-9a0cc568495e","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":"90c1f84f-81ab-4f54-92a7-0654757b7104","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":"0f4f4251-4227-46f9-99e9-53b13fe9a59d","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":"6af08c26-0c32-4d73-9b88-5d9e393e8555","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"eaef14b4-dd73-44f4-994b-40cf5a1a8191","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":"d639bf85-d81b-4115-bf3c-4bc07d5b4590","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":"5007ea91-e702-43c0-9411-9620392d3361","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":"75853b5e-dd54-4668-b03b-1975dea3ee75","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":"a529bd6e-42bd-42a2-a215-cffa78f1f0e2","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":"18a06fa4-37b0-469c-a4ae-098f2c284219","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":"e3a9c0da-5f9e-48ff-9b6a-72f01a488b09","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":"4b30caaa-4179-4be8-b151-1613f58a08d5","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":"ff5c4c19-e7d4-46f6-a644-740c91046690","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":"1c8a6409-bece-4e97-9ecd-36fd6a4bd9ae","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":"aa41e17d-ca39-418e-8151-be185363140c","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":"c6f434f8-7ad3-40d5-9f64-ad56cb856473","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":"1a5a948f-ae1b-4cd6-b863-c60c047f7509","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":"0eead58e-dafe-4f17-ac71-aa54075ce512","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":"afe52c0e-9208-4768-8b96-e406e2e071a9","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":"26e810a4-4f14-4f9e-aa80-d24408c321a8","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"abaece7f-2f09-44bd-8946-2e6fd077038d","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":"fd5f1c58-e413-4cff-b356-3510c4a56cdf","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":"ecd148ce-2eec-42a2-8ea8-f1cfd665a6f5","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":"c8d522ed-39d5-4e3f-8ee3-d37b1cd56792","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":"f9945bb1-dc08-4b6d-8536-0b98da4cf301","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"d0ea33c4-adb9-4174-a036-6f071742d96c","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"b40f7081-9c3d-4323-9304-c61b6b41b251","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":"0a33fc9b-6350-4c8a-949f-9d14bca3d12f","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"dfba3dec-ff4c-419f-a606-d0ee50fd3aca","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":"254feb60-572b-4098-8cf1-a29ef38835cf","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":"81f028e7-a464-426c-ae16-126be57a2e01","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"9e78f389-4265-4d87-8f1e-1857164483e6","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":"0134e9c3-d22e-496c-83a8-6f6bda982783","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":"0cb4c1a6-4af9-4f93-8806-510e100224dd","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":"ebad628d-f5ab-4d5a-a1c2-e5e9696fc9ca","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":"1fe47ff6-56cb-4681-9a1b-56bfdc345199","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":"bce54fb4-b1ea-4df1-a46b-b608a9b33f40","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":"ffd20962-ae9c-43aa-bb08-c2fa5cabbff8","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":"7febb925-a25e-4979-8d4a-1213d4f8a8fd","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":"6cdb36cf-7ab4-4af0-92bb-fc757243805f","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":"adcdf48f-a49d-4cfc-92af-26a99c047622","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":"f2b57eae-b79c-47a3-a669-160b30c123f6","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":"6f6a1fc1-d1a9-4486-a00f-9f9abd4e3d77","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":"eff254d3-c71e-499f-8d44-f32d0fd14332","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":"e8b77941-b714-4cd1-a9aa-29e37ba1f876","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"d53faa64-2ec9-462e-9145-654683094d81","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":"8df3f41c-22c0-4be3-9b68-20d831379201","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":"0e20f017-01b4-40af-835c-27a6cbba5c6a","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":"2d597fca-7703-4caf-a47e-c2620df6d132","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":"8f84b9e1-39a3-42d6-a6dc-aabf8ca8bb2f","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":"a22efe08-986e-4739-ad01-731b3b992219","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"727b7288-b8b5-44a7-83f9-221901a9e083","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":"024fdeae-9ec8-4e28-a367-c4a5acdd3676","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":"f3251d1c-4b2e-4f92-9c39-a6e3f52094c0","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":"5c0d805b-a80c-4c8b-a91c-05c790882590","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":"b4330e5f-b73d-4f46-a229-84f6c9b4502c","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":"f40c31b0-74eb-466f-b46f-17d88fdac440","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":"661b1a98-efea-47c2-bb4f-a706cb60c2cf","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":"f8a2b57d-09d7-43f1-bf8c-a80694e341d8","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":"ffbeb552-bc54-4965-87e3-eda4ea672df2","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":"f326dbd4-25fc-4f6c-8f34-9f5a8ba09cd7","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":"ec81cd48-aecc-495f-9490-c46753dcc1bd","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":"7c706e6d-5cc8-421d-bf71-2f63e56c7d4b","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":"09f1955a-7c92-4abc-b8da-a66c6d587ad6","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":"46067fb2-6384-491c-8c7a-768341ca6ebc","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":"5491804d-dc8c-44c7-b19d-ca8e036db194","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":"f055dfcd-e1f8-4472-8ad1-bacba969106f","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":"990d1095-e7b9-49ef-9d2a-de67a849939b","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":"52a26e47-9155-4e6c-9760-2df553d5e0a1","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":"12e675d3-4b9d-41fa-ab46-caae47933eb4","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":"dbd1e510-ddf6-4888-b3c9-165446d42167","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":"3e82fed8-b6d4-4cd9-947d-08705cac6608","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":"6a1597ec-6610-4fae-a8e7-1f086a2d1cea","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":"a522e96b-8778-4bc6-8244-a164237cacdb","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":"3c97b0ea-a914-4c8a-bc81-6ba24d07e2e5","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":"12d0f934-396f-40e9-86ef-e172b063a158","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":"2fdebb0c-39dd-4f01-8bd3-196aee50d879","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":"2f038dcc-8b9a-4598-b292-90ad8d584b68","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"4574c3e6-9ab4-4803-9947-18f4824dab07","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":"d983effc-6f8d-4334-b563-cd19e5372f0e","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":"dd1bbfe8-9a1e-40c8-98d2-1ebc9b5851c2","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":"3c0e7938-9d2f-4042-9ca2-795fd6f8a583","block_type":"box","text":"Report ID: 5592756.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"7876f34d-61c6-4b90-8113-a13ed8a64620","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"8188a797-2f0f-4d1b-a97f-5ec32750bdb5","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"5da2b4fa-5d88-465c-ac59-eb874f293014","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"d463ef85-443c-497d-977e-cb4e8d7d4817","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"b8adc902-9bd5-4c0d-8ab9-d16dfa675fa8","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"fa3f4679-b500-4310-94c7-266b69fe65b2","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"44428a92-e831-4345-8bf3-a1716938e6a4","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"96dc448c-d49c-4960-8eb5-2ae329a63446","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"68792e2d-d8bc-46b3-ac23-38a7c827aab5","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":47,"y":36,"width":389,"height":8}},{"id":"3c7ec4ef-8282-4ecc-b0b0-079868798ba1","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":47,"y":48,"width":433,"height":9}},{"id":"bfabee5b-7168-4e8e-ac37-b346761fb795","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"86eefbd1-ebcd-403d-a99c-7e8a7645d35a","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":47,"y":83,"width":361,"height":9}},{"id":"129bf99b-9ff4-402c-a6fe-2781810b3b93","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":47,"y":96,"width":403,"height":9}},{"id":"a1149710-2a96-48ad-95d0-eec0ca0540d5","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"16400a17-af7b-41f9-a918-e8df3f2c40f0","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":47,"y":127,"width":434,"height":8}},{"id":"be9734e2-b32e-4dc7-a057-4ae677fd455b","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":47,"y":139,"width":419,"height":9}},{"id":"ab37a5ec-6ea8-44ce-a14c-babfe926ad7d","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":47,"y":152,"width":398,"height":9}},{"id":"5230d49d-c77e-41ed-8cc8-6eda738b570a","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":47,"y":165,"width":413,"height":9}},{"id":"955bf978-837d-4f8c-bab7-d192050cf244","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":47,"y":178,"width":292,"height":7}},{"id":"a1eb918e-73ff-4ed1-bf78-83078e4e68a8","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"9f9d4ce2-96b3-4461-9371-b8b5f4cb6371","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"3ff61594-2bb3-421e-963f-fba25b99cf5b","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"6ca838a6-de51-471b-93b7-e9c19c2dbaca","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":47,"y":196,"width":388,"height":7}},{"id":"c348e527-b6e7-4c36-8654-6c9bc73ef294","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"dfa4f07a-8adc-44d2-a7a1-09a3e8c9798b","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":47,"y":226,"width":385,"height":9}},{"id":"525cbe4c-66d2-4443-a130-348259828458","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":47,"y":239,"width":403,"height":9}},{"id":"93c11b12-dd72-417a-84ff-a9689a4923f5","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":47,"y":252,"width":402,"height":8}},{"id":"ddc7914d-c4e9-491a-bfb4-730490a45925","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":47,"y":264,"width":412,"height":9}},{"id":"b703177e-d1e5-48b0-a88a-cfe11563bdc6","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"fe2b1abf-a47b-4904-819a-7ad3ea0a0900","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":47,"y":295,"width":412,"height":9}},{"id":"03d446f6-2d54-48ac-b6c6-808d2ce3a3d6","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"35d04e48-27cb-45eb-b09d-bec89ee91cad","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":47,"y":320,"width":427,"height":9}},{"id":"70c013fd-226d-4744-86f2-9012a2035bd9","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":47,"y":333,"width":395,"height":9}},{"id":"6b2b9220-f96a-4c09-9c2a-daa515e5bede","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":47,"y":346,"width":426,"height":9}},{"id":"81132df6-e3b8-43b4-85d8-f8d146831f76","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":47,"y":359,"width":369,"height":7}},{"id":"b54d2e6a-de48-4900-993f-5be35336ead5","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":47,"y":372,"width":409,"height":9}},{"id":"f22baa82-afb8-49ba-a606-3ecbaab29b60","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":47,"y":385,"width":414,"height":8}},{"id":"6de1faee-3bd8-46d3-834c-51351772483a","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":47,"y":398,"width":426,"height":8}},{"id":"035278e1-0704-4bf1-a626-5fbd83db5c1e","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":47,"y":410,"width":277,"height":7}},{"id":"be266d2f-471f-4cb2-a3b0-67c76376ca5f","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":512,"y":36,"width":409,"height":8}},{"id":"71370a2c-5b5a-4707-ae2c-a8019099b44d","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"64d5de92-c969-42ee-93df-cdfbb5efc30f","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":512,"y":61,"width":414,"height":9}},{"id":"a0c44357-8013-48ad-91dd-2cc8afd393f9","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":512,"y":74,"width":411,"height":9}},{"id":"3cfd4953-f2b8-442d-b5ea-4e2204919de0","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":512,"y":87,"width":421,"height":9}},{"id":"c45583fd-c1d6-4cc0-954d-5468f2c78ec6","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"dadb4090-7e17-40f6-980b-8cf11557158e","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":512,"y":117,"width":409,"height":7}},{"id":"9d89c40e-f29e-4de5-94c9-a9b870eff8b1","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":512,"y":130,"width":413,"height":9}},{"id":"860673be-9d8d-43a1-94d0-5978a5ceafbb","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":512,"y":143,"width":396,"height":9}},{"id":"9933e522-757b-4f1f-a7a6-3734ce61c1d8","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":512,"y":156,"width":391,"height":9}},{"id":"39f70848-9a87-4e8a-b3f4-09b689f05a2e","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":512,"y":169,"width":428,"height":8}},{"id":"25444de1-1d2b-46d8-b408-ea9711d936f8","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":512,"y":181,"width":419,"height":9}},{"id":"40b83803-db7e-4afb-9935-927649880b62","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":512,"y":194,"width":359,"height":9}},{"id":"ddca37cc-c733-4585-826e-135746f5a360","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":512,"y":207,"width":374,"height":9}},{"id":"dd4b3a60-f20e-4992-9a53-ef28c4418227","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":512,"y":225,"width":419,"height":8}},{"id":"9a41f764-92e6-47c4-aa70-0290a8d12196","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":512,"y":237,"width":403,"height":9}},{"id":"6254b71c-ddf8-404c-8adb-df105ad94824","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":512,"y":250,"width":402,"height":9}},{"id":"0c71edca-fb81-43fc-b60b-188c6e181f0d","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":512,"y":263,"width":391,"height":9}},{"id":"85700d5f-cec9-42f7-91aa-d058e925b5b9","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"004d4136-e590-41a8-9012-a0df61a88b36","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":512,"y":294,"width":416,"height":8}},{"id":"2d7b49f9-7e52-4687-a77e-e5bb10ec3bbd","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":512,"y":307,"width":393,"height":8}},{"id":"b389d39f-c49b-4659-b45a-8226471da1eb","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":511,"y":319,"width":412,"height":9}},{"id":"ea853c5f-2287-4ddf-828d-fd48e43c80af","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"c3581314-fa9a-4a99-80a2-8457143af028","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"2f7aabc1-9cd6-4174-b881-b330b5fbc150","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"31eb4061-28d4-40d5-9d09-0b2d66e6c1fd","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"b39b3175-2934-4d24-a566-2e215ab82feb","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"e716d48c-16a5-4cfb-a6c5-7f823588b7a6","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"b3f3c0e5-ce18-442a-aea3-9a5f66f92196","block_type":"box","text":"Report ID: 5592756.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"e7459943-414c-4951-b5b5-1308cfd82bca","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"979bdd8f-338c-457f-9754-2a144d754753","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"04540af0-3cef-440e-8ad0-be421b91c1d9","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"68837700-76c2-4944-b67a-d7fafddd4c1c","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"6a316951-cb2f-4452-8f25-0c6556bf6ff8","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"7f11cbbc-9558-4149-b4f3-fb20c668663b","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"52274b90-ae6a-4b7c-ae3f-30654526d9bd","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"162beaff-bbfb-4304-9e19-63ee85a5af15","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":"f99e1cd1-271e-487d-b8fa-e83b0e3ff698"},"user_id":1000002,"date_created":"2026-10-05T20:53:59.279000Z","date_modified":"2026-10-05T20:53:59.279000Z","private":false}