{"annotation_id":"9f326d38-6890-45f7-93db-edc90f0d63d8","file_hash":"fd9a63ed171b31f29327a0694a9f25166af9e62492600e3aad2bb7b6d441767d","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"5d73aa43-702c-4f23-9f6e-de6034cdb996","block_type":"box","text":"State Street® SPDR® MSCI USA Small","page_number":1,"box":{"x":51,"y":71,"width":644,"height":18}},{"id":"d144d0fb-e1cd-4081-befe-7108fd9f0b66","block_type":"box","text":"Cap Value Weighted UCITS ETF","page_number":1,"box":{"x":51,"y":105,"width":545,"height":23}},{"id":"0a369bc2-342e-4c47-863a-70c6d728d3aa","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"3c7288b0-700d-41f7-a020-d7d332104385","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"14722168-cdd0-4f3d-9449-b0673a2e963c","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"9b40aa69-916d-447a-94b0-c2d1c6ec14c6","block_type":"box","text":"IE00BSPLC413","page_number":1,"box":{"x":754,"y":107,"width":81,"height":6}},{"id":"27d034f5-3379-40d7-ad43-0557216d6d7f","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"39349a93-ef86-4f33-942f-afbc43d430d7","block_type":"box","text":"Unless otherwise stated in the fund's governing legal documents, the metrics referred to in this report do not form part of the investment objectives or","page_number":1,"box":{"x":51,"y":174,"width":884,"height":9}},{"id":"955c6020-c24d-4ca3-860c-6ecba73b137c","block_type":"box","text":"investment policy of the fund. The provision of the information in this report should not be construed as a representation of the fund’s current or future","page_number":1,"box":{"x":51,"y":187,"width":888,"height":9}},{"id":"ee11608c-6ba7-4b82-a6a6-d08a672a56cf","block_type":"box","text":"investment objective, nor its sustainable characteristics. It should not be viewed as an indicator of the fund manager’s current or future investment","page_number":1,"box":{"x":51,"y":200,"width":866,"height":9}},{"id":"09c39280-2f6d-4c9e-a86c-044a92e1f4b8","block_type":"box","text":"decision-making. Please refer to the fund’s governing legal documents for further information with respect to the fund, including its investment","page_number":1,"box":{"x":50,"y":213,"width":842,"height":9}},{"id":"db694282-1e98-416a-91cb-442bb6457e78","block_type":"box","text":"objectives and investment policy and any sustainable characteristics it may promote or target.","page_number":1,"box":{"x":50,"y":226,"width":560,"height":8}},{"id":"e636d020-fce0-40f2-aa2a-12b2af83c4df","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"b8f4770c-6c3b-462b-93f0-07e21078a037","block_type":"box","text":"Source: State Street Investment Management, MSCI,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":307,"width":852,"height":8}},{"id":"0acb567e-24ab-4349-ab23-917342b11eca","block_type":"box","text":"See Glossary for detailed calculation notes such as missing data treatment, data lag and exclusions. The results are estimates based on assumptions and analysis made by State","page_number":1,"box":{"x":50,"y":321,"width":875,"height":7}},{"id":"c25a1cbc-fe52-418e-bccb-f6064017f82a","block_type":"box","text":"Street Investment Management. They are not intended to represent actual results of any offering.","page_number":1,"box":{"x":50,"y":332,"width":481,"height":7}},{"id":"cedd1685-e62b-4dec-b8a3-71e8491beb20","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"618025a0-a9df-45ef-9964-42bee10a0b4b","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"dee9fe5b-0d55-4838-a1ee-1c95293a4434","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"9ebdf2bf-a629-499c-8314-d838776d7fd6","block_type":"box","text":"4.08%","page_number":1,"box":{"x":104,"y":402,"width":51,"height":8}},{"id":"5a1aecfa-f549-4d7b-b19a-8fc07ea399ee","block_type":"box","text":"9.00%","page_number":1,"box":{"x":338,"y":402,"width":51,"height":8}},{"id":"1664201d-ff7a-4633-b005-d05d1ad3069d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"aa64d62c-fee2-46c7-9708-1bf48f43dfc5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"9b024dd6-c73c-4edb-9f2a-5f1c7da745e7","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"1b63c520-1c33-4574-9d7b-cb3bd558890b","block_type":"box","text":"99.96%","page_number":1,"box":{"x":416,"y":432,"width":45,"height":6}},{"id":"4c29a07a-2f7b-42f9-b9eb-bc60b4eb0aa7","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"00d7fca8-198c-4063-9dd2-83c82fc6db92","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"59bf57f8-9a4d-4852-84f2-0e462a0f3982","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"40e3e398-3d96-41e6-8e52-148e1278e724","block_type":"box","text":"3.77","page_number":1,"box":{"x":104,"y":512,"width":40,"height":8}},{"id":"1b4232bb-fff8-4df1-888c-36625465f06e","block_type":"box","text":"3.35","page_number":1,"box":{"x":338,"y":512,"width":40,"height":8}},{"id":"7ff0c20a-f8ef-4564-b130-f880a8110cd8","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"2c433720-aaf3-45ee-b330-58b3ae78a47c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"97401613-a856-4740-8676-c93d24d5523f","block_type":"box","text":"98.81%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"381574d9-2a30-424a-bdde-9bffb8591f59","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"9a768940-5191-4812-9242-58555e871e96","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"5e99644d-b7bc-43f9-a572-01f3302d8b2d","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"1d6bdb10-632a-4c6f-bc58-6c4345030e8d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"f6fa3684-4bed-47b0-b718-20f12e3f1747","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"7e7f5f1d-0a85-41d5-a926-1b268489196a","block_type":"box","text":"60.93","page_number":1,"box":{"x":322,"y":617,"width":37,"height":5}},{"id":"a6be9e48-80fc-4c11-841d-93009abcd59a","block_type":"box","text":"99.96%","page_number":1,"box":{"x":438,"y":617,"width":45,"height":5}},{"id":"bd1d2092-8153-4cbc-8905-d54d653517b0","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"4832ba25-2332-4095-94e5-f2529611484a","block_type":"box","text":"14.65","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"4d876b8b-8341-4805-b034-f8cf99ffd6ff","block_type":"box","text":"99.96%","page_number":1,"box":{"x":438,"y":633,"width":45,"height":6}},{"id":"72edc4bd-078a-4514-af1a-0770ef0acd65","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"1cd0f0c5-3f12-46f0-8a3b-84bc9ffd320d","block_type":"box","text":"933.80","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"bf08fbc2-7f21-450d-ae04-ec277035f950","block_type":"box","text":"99.96%","page_number":1,"box":{"x":438,"y":650,"width":45,"height":6}},{"id":"deb09b45-e59e-4f90-98bc-d2ecf6dd8b11","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"8bc78001-7268-4519-95f0-5ca5b3ff7bf5","block_type":"box","text":"75.58","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"789488f9-e61b-4d34-adc6-ebc9917e9503","block_type":"box","text":"99.96%","page_number":1,"box":{"x":438,"y":666,"width":45,"height":6}},{"id":"85d79249-d400-4861-81eb-425a5aa7e82c","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"64285046-13cc-4ba7-bfb6-b263fe60fbda","block_type":"box","text":"1,012.37","page_number":1,"box":{"x":299,"y":683,"width":60,"height":7}},{"id":"0d029c79-1f46-40b8-bbbe-16121b47cf96","block_type":"box","text":"99.96%","page_number":1,"box":{"x":438,"y":683,"width":45,"height":6}},{"id":"1670b237-1ac4-46f2-8deb-d52661befd3a","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"7cbbcbcc-c9d6-444b-9872-72a388562bd3","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"01495ccf-acfb-4916-99fc-01e78d12d341","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"bf541602-ec4f-4c4c-93d7-7078e9eb465e","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"459d7891-06e8-4a9f-95ed-b0382a06248c","block_type":"box","text":"61,832.20","page_number":1,"box":{"x":772,"y":417,"width":69,"height":7}},{"id":"bfc7e651-d049-41e0-a59d-f715644aa3f1","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":417,"width":45,"height":6}},{"id":"d24da371-0c82-48f6-99a4-bd71d98d6ea7","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"78407f4c-fc3a-4fa8-9586-f5f32310b8d0","block_type":"box","text":"14,867.19","page_number":1,"box":{"x":773,"y":433,"width":67,"height":8}},{"id":"46e0793e-685e-49a6-b5aa-c9c9e48780e6","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":433,"width":45,"height":6}},{"id":"ea53204b-5286-4493-9231-f8c1cbfac6f0","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"e10dfcdf-de03-4c23-9cbe-930cc5fdcb0c","block_type":"box","text":"947,611.10","page_number":1,"box":{"x":764,"y":450,"width":77,"height":7}},{"id":"fbeab4b9-efd7-4eb4-a15c-2bafa786585d","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":450,"width":45,"height":6}},{"id":"6f9c124e-47a4-4268-be5b-5c981398c12c","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"70783aa2-a1ea-449e-9c7a-c5cb28543428","block_type":"box","text":"76,701.59","page_number":1,"box":{"x":772,"y":467,"width":68,"height":7}},{"id":"9657920c-bd8e-43e5-b5b1-83af695a17e1","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":467,"width":45,"height":5}},{"id":"5861e541-bd5d-4d7f-9eee-bc3deccc9fde","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"d822b567-88d9-4662-ae00-b99061dc4e6f","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"b9bd825b-ca82-4ccc-accc-40b596c0191f","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"9ba6c7d6-7787-4566-88ac-3af1444e8564","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"3b09a6be-97a1-407d-9cb1-3d427b05175e","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"d5a9fc90-d2ec-4001-a3ab-e01d95364b77","block_type":"box","text":"97.24","page_number":1,"box":{"x":803,"y":548,"width":38,"height":6}},{"id":"ac089f9b-fed5-4c3b-9bc0-3a689cc101c8","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":548,"width":45,"height":6}},{"id":"79285861-713e-4827-b7f5-6d5d1c1b4d80","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"834523e8-99f3-4944-abe5-b88bcf121294","block_type":"box","text":"24.26","page_number":1,"box":{"x":803,"y":564,"width":38,"height":6}},{"id":"181d965d-786b-4db5-97c7-1199b3fdb5d0","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":564,"width":45,"height":6}},{"id":"87c218c6-ba37-4788-8b49-5a3f00346212","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"5aa61308-eb2e-4e25-90bf-0fa8f28caa40","block_type":"box","text":"972.14","page_number":1,"box":{"x":795,"y":581,"width":46,"height":6}},{"id":"bd8ed737-b59b-41ed-9115-fd485db7745e","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":581,"width":45,"height":6}},{"id":"eda32fac-1464-4e17-bb57-b2179e376660","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"913bc6b8-3dd0-4268-9d3e-1feaf10655b8","block_type":"box","text":"121.79","page_number":1,"box":{"x":796,"y":598,"width":44,"height":6}},{"id":"b6ec0773-18a1-4c15-842f-ec804bef24f9","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":598,"width":45,"height":6}},{"id":"608e2ef4-d467-4362-8686-914665a5b06e","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"d2c2aaa2-b90f-4fec-9a29-65036713ffd7","block_type":"box","text":"1,076.74","page_number":1,"box":{"x":780,"y":614,"width":61,"height":8}},{"id":"86f1fd30-4a71-4b3c-90fd-77882ad06822","block_type":"box","text":"99.96%","page_number":1,"box":{"x":903,"y":614,"width":45,"height":6}},{"id":"5752ecd2-9252-4e96-ad53-4c113ff9ae20","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"e0d1049f-bdba-44c4-8640-a26fcd881d93","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"8a5840d7-bd08-47b6-bf05-3a0dfc06c95c","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"f058341d-b2ad-4ac1-996a-62cb9a9c8536","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"5f203a7e-d07c-40a1-87c0-6c4c991f7493","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"fe399d67-6c84-4d15-9423-4aac7a0401b5","block_type":"box","text":"-21.95%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"4b08eff0-23bc-47ff-834f-89c3bb9590b2","block_type":"box","text":"99.03%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"248f5332-768b-4382-a8bc-a5f5738bb294","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"353b60d2-5ba5-4f31-b187-b8f0bddcd4a5","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"f73f3de4-bc5f-496a-be94-2d650f998770","block_type":"box","text":"2.12%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"05a2c04b-faf9-4338-b6cb-6ccfba1ee57e","block_type":"box","text":"70.40%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"5576c3bf-440f-49d0-9e09-008f50f9121e","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"79f5e3f7-dc2c-4c84-9747-407cb4c7fd04","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"3f7b80ab-d6c9-4fcf-ae1a-d8a08feb249d","block_type":"box","text":"-0.92%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"34f21f46-1b14-429f-a0aa-6b09b97c4529","block_type":"box","text":"97.82%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"f306c321-0bfd-4fc7-a05c-735ced50bf4e","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"e3adef54-1644-4e4f-869c-d3b8a91d1b4b","block_type":"box","text":"-2.77%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"b952e6d9-eaff-479c-872d-ee64c63b52c7","block_type":"box","text":"97.82%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"d919cf09-b760-4996-a5cb-30f99882e675","block_type":"box","text":"Report ID: 5649060.1","page_number":1,"box":{"x":362,"y":968,"width":119,"height":9}},{"id":"723320c4-c8bf-493f-8be5-a8d774554653","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"c5109e51-fb89-4f36-ad94-2785c9112ad6","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"6b9071ea-7afa-4401-a96a-7fdc78ea19f7","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"0f931d67-aa2c-4693-8df1-0ec60b189c3e","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"1d763924-afa2-4ad5-89cc-ea7dea00a24e","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"9692ac0d-58e2-4be0-8c50-c0c650e2d626","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"c4e3de4c-d157-4047-a575-93d2db9e7e48","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"9d89119d-568b-4bb2-bb08-e9525941d8a5","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"f39372d3-9d1e-4d2e-ada7-42f7031ab012","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"07e4c7ea-fbae-43b7-ac45-1b2cec8cfdcb","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":"e116cf37-766e-4f6f-b539-6bb31c9d9153","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":"40830e0b-1841-4305-9e59-0866475b3bdc","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"d691dc46-a914-4597-a3b8-7ffc895d08c3","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"785ab03a-0787-4c69-8b44-f67d35aa25fa","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"5301582c-8187-4277-b181-13c6f42bd773","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"7033e324-2a71-47dd-ad59-251a7bee19f5","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":"1ead0e53-bcdf-4445-bb1e-99d86f4f668e","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"639d7330-8d99-4721-a46f-a49fe2d88bd6","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"34f34822-82d7-4a0d-8a90-ce36a249832f","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"1aa4fbb4-39b9-4bcb-9be3-e7d855b3ce2f","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"663ffc59-412f-49e2-b58f-2f7fdd948817","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"50489cf9-44d9-4baa-a266-43eb9771c612","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":"8fcc3461-60eb-464b-bf2d-c234a9da9ea2","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":"7a939903-004c-4019-870e-b823e65722f2","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":"8aa6659f-7458-4dd1-9e6b-b620bdd0361e","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":"f50c8f3a-1155-43c3-b4e8-03afac0bf248","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":"79fe8662-7f25-4213-a9ff-6f2c21b252b4","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":"8ec05e59-ab1a-4ad4-ba47-386a933fe3f8","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"7fdbb778-3318-44a7-b5e5-6c9980227b2e","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"2391350d-903e-4b4c-adc1-df975b86999f","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"5d1a0bf2-4906-4bbf-a52f-358271ac4494","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":"d36c565e-44ee-43af-85bd-cae5008c2985","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"e481e5aa-1481-439b-af3e-ec68d3933a8e","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"fe499354-4b0b-4182-b35b-42eeddb161ae","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":"f1c104ee-950c-4dab-b160-9793a7309372","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":"d33f3edb-74f3-4e5f-9e47-44e0e85120b8","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":"2fa45016-fb02-4a40-ac5e-86fd41c59292","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":"62ed136c-0ce8-42fd-9cf9-ca79baebb50b","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":"2a445c2d-f20e-4680-b2c1-46d19031f930","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"7dba4a34-8e03-4f4d-940d-075cb16a83d8","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"b16deaab-b798-4aef-8079-0312c1bcd8b8","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"e5480a2b-1eb2-4832-911c-5b6d684e6e98","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":"1f71e456-e6d9-4933-ad1f-a6119adfaf6d","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"fe9f821b-3978-4f49-acaf-36937b0d513e","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"c5107b16-e41c-4ae7-8a28-21898a19dc0d","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":"e8303bde-1c4e-4f63-9824-b8bac16539ec","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"007e352d-d7e8-4491-ab3a-665fa7ef6d2e","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"a02a8e7b-7fe5-463f-86e6-89655d9c57e8","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"dff11c1c-5002-4185-80e7-8e16f0d38858","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"d1da4686-449f-4f58-850c-171990159bed","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":"1bef3f37-3d56-4a73-ac92-a1df7f189b18","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"306334b5-ff90-4f3f-a056-4ec6ddcde62c","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"9ca4c91f-208a-484c-92ce-686d3ac0f370","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"530fb103-1b09-418b-8a6d-f58373b20c84","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":"1d3d32a9-84b1-4666-a848-73d081da46e6","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":"168f728e-b924-452b-9e3c-11eac7461af7","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":"44eb0cac-8ff1-4d2e-b7a1-54b24c55a176","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":"bacbbde6-ecfb-4997-843e-2eca619d2b6c","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":"fbaf4df8-9abc-463e-a092-1d7631207e53","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":"6fa59adb-9cfa-489b-9276-21d056c41989","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":"46df4bb2-7e40-4e42-bef2-e500c96b4d1a","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":"93979fa1-4744-4aa7-a1ac-bb3d2cc27673","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"92aa15ed-86cc-4554-8808-5fe1e97d3145","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":"740c71fc-0829-4423-b181-69b52258f141","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"11bb4330-638b-4838-9df6-a9acdbd10de2","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"b8d66a0e-4dee-4945-af88-76b6bc8beb46","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":"1ada89be-63df-4b74-aba6-d08a07b1f33f","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":"bedfa240-cdec-4530-a20d-2eed38687aec","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":"621801a4-3ff9-453c-bb85-4e03e63cce29","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":"00f2c89a-d707-449a-abdb-a5e7c2150523","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"b763361b-a05f-41f8-ae1a-8dc0273cd0f3","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"23770a55-d988-42d0-b172-b55195d5e813","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":"b5faa8d4-073f-4732-ba7c-a972c2a6118e","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":"9b18998d-10bc-464c-800c-50685e69475d","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"59af1091-f63c-461f-8a6a-93f7542681fd","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3","page_number":2,"box":{"x":515,"y":237,"width":362,"height":9}},{"id":"9afec4b7-90aa-4c05-a98d-aaace5a46780","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"2e8b821b-f7a8-4c89-9d3f-b53c3076c07d","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":"f60ec7fc-4764-4f08-a424-d0d04bfdd388","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":"1b4617eb-6d35-40e3-89c8-b4b799f429a0","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":"65fdb744-1fe9-41e8-ba7d-559270392435","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"be6b3d13-e6fe-4fe7-972e-59445f1e4c02","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":"b2b6530b-da17-43ba-85bc-1156725511db","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":"a2d35df4-00c7-41f4-ae36-9f9aa3d63b0a","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":"42837725-0fdb-4b46-80f1-7e55b9548fc0","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"4d23ff12-be2e-464c-b547-aa72d9f5c1f4","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"3d0f2078-88c2-426d-8f4c-06d01c4818e3","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":"71c8ee36-a80f-4ad2-9960-5217774e9271","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"52a53b9b-6f7c-4d3c-8d00-cf89ec3d5945","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":"eb81ea38-4496-4d87-a12a-8f5c01bf50cb","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":"e27ee023-3825-4559-9f5e-3613bf7eb719","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"d2f3299f-88db-4a87-bd4d-6541dec14a6e","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":"2f569de6-9f3f-4fed-b932-90e8416d8e64","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":"9a91ac70-43c6-4d41-826f-6cc0ecfbfce6","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"6f6ea8dd-966a-4e7e-a038-ac053134ff5e","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"0fd97ed9-3ea6-43a5-9131-ef7e6fb049a4","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":"0dd6d969-7b50-49f0-8bac-156c3c5ed198","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":"c15152d5-fcf6-4631-9e2f-39d47eeaf82d","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":"4f40936c-eca1-426d-afb7-d58b38a64474","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":"7a4f037f-c91e-48a9-a4c6-cbfb4c6a8cdb","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":"148db712-f2a3-4426-969f-84fb7cb8588c","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":"df9cc0d4-ed54-4fc6-9dab-03a23abc09ba","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":"e04530c8-a902-4664-9d1e-560c66a1d02f","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":"edcc549a-f7d3-4947-b024-5a1ce242376e","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":"d4b760bd-83d8-45a8-9db0-3fcade74b8ed","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":"964e86fd-b8ed-4b74-94c4-b97e05f75ff4","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":"ccd12452-2fbf-4398-8254-143f18f909da","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":"c31445cc-772a-4b01-9962-d91489e01c49","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":"77f1a949-8b20-423b-9f2a-4f4e69c156a4","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"f8a22d26-8446-4fc5-bff8-ad43a287cc5f","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"c621be8a-0e2e-4f45-b541-d71b8b392b30","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"827233cb-0eaf-4a1d-9d66-d5c4465e3c3f","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"d6c29075-30d7-44ff-ac47-80a41c067c30","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":"24eb0d87-f54b-49c6-a73f-f01b493ea61f","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":"17715ce2-7188-462a-84f2-8e5d4c748492","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"d1d8aebc-e0a7-4116-95ff-dbebd151fc48","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"84a9bbbf-599d-4beb-90e8-c1d24a35f3c4","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"2286c2a6-fa19-4217-8cf5-d9e10dd4d0ad","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"bf34e955-f830-4b6d-ac4e-eb3530183b87","block_type":"box","text":"Report ID: 5649060.1","page_number":2,"box":{"x":362,"y":968,"width":119,"height":9}},{"id":"e1ff3813-9c9b-4716-81cc-039cfcba8b0b","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"15970ce3-a47b-4b6f-8ac8-dec77c55c21b","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"4eec84fa-f994-4e90-85a5-98d777a0c0b9","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"3910ff99-894a-4f72-bd44-e8a26b3a7e41","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"6844f2c1-6190-4e46-b3eb-3032b9896178","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"10dff32d-236a-4250-8a4c-2c9e78a2974d","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"829c54c1-eb7f-4c87-849e-8d2475034eb9","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"31e5db4e-07f0-4393-86a1-cd717c6eaaea","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"fea82b6e-325b-49ba-afd6-aa46ead53abd","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"7684336a-c2b2-48c0-8b7b-51f2187e8245","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":"32a9cbe0-4f77-498b-be42-c271cdd0990e","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"695faa44-09a2-4e7b-a48f-296d68bd9df8","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"da877627-ba24-4b24-be3f-bcaa13112d0c","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"49f306a6-0bfe-40ec-acaf-853a0dfb5502","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"0bcffd7a-3fa9-439f-80b0-43e811197be4","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"0589bccb-86e2-46e5-b2d0-7a2beaf40f65","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":"6723db32-2f34-4ba8-b93d-383c1ebe4213","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":"00096424-eff3-43a2-83da-b3083799bf00","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":"bc1906b6-4cce-4113-9c75-49d92e703770","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":"d6c83a3e-c145-4bb7-b614-7353184fd355","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":"b9e427c6-25c1-4385-b26b-95e883b47e67","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"141398e0-fd88-4cdb-b90c-309d4307f121","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":"64d5229f-e775-45aa-bdee-2680299df3a7","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":"fc27c09c-a11e-4abb-b4cb-3440c9365b13","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":"0091fe13-124c-445d-91b1-e3feebd87ae8","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"fb7cf158-384c-4a2e-93b4-cfae1246d738","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":"ad9fa1a6-5e10-416e-9046-41d2be069b87","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":"05d54d85-628e-415c-afa6-dc1b094cd1b9","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":"af5910ff-7651-4f2a-ab38-2394ec8343c4","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":"24ce9395-1789-4904-9a73-40c6383ebcee","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":"62fc194a-630e-4daf-a778-531b43f9433d","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":"4abcd6f2-0672-4f49-bda3-a95e8fd57442","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":"6558e4e7-1c4f-433c-95b2-dcf77aad8f34","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":"4429ab9a-ebee-4aa8-a8c9-9f0c53b90029","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":"c5f76b5e-4cb9-482b-a661-710397131fde","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":"67d6a75c-5a3f-4020-acfe-ec3ba5ab4abe","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":"dade744b-6f64-45ea-b3ab-0c1a425a4b92","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":"b9eff653-9374-4ce7-8b43-a380bcefe5cc","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":"df25b780-d5eb-4ddc-bb16-3eb75f1ae6a6","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":"bab20bb5-6f01-4402-89ad-73e58f85e8d7","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":"ea53186a-2f80-44a0-8ac7-3b39b4e50bde","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"32766a4d-a312-498c-94a6-52420eff8be9","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":"c6940726-bf0d-4a76-8bae-8f819243cef3","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":"3608e098-8084-450b-872d-290f53b7f2ce","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":"89635529-4427-4983-b236-9f21387a49e3","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":"00a67e33-e21c-4461-9583-8cf54ab416b5","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"e93182bc-0e7c-4007-bfe1-70aab52c4f46","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":"a7302a1d-c1df-4383-ac9f-f5991e500a39","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":"45e37004-fcfb-41cc-87d0-9c69d2c88bf6","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":"0d2178cf-e504-47ac-8a2d-15fee0d4796b","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":"0bdcdeab-12e0-459c-8577-42b71c23410c","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":"50f18f7d-f3c5-453c-a78b-ce67121c5f64","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":"d7700ba9-c2af-47c8-9793-149f49a604aa","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"9a090b9b-c8c3-46c2-89fb-88365979e8d4","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":"d2b1181d-2948-4498-8d18-667debe26fa0","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":"acf1d0d9-7d7b-4f10-afb6-6e077b2f8141","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"be88f82c-f02f-4956-94ba-7ad68be8cc94","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":721,"width":430,"height":9}},{"id":"885c55d8-9303-4e61-9fd7-c0f2023da843","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":3,"box":{"x":50,"y":734,"width":420,"height":9}},{"id":"6247b8f4-c5e1-481b-b6de-e5b7e96706ff","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":747,"width":372,"height":9}},{"id":"c819ac2c-6c16-4360-b3bb-172d7cbbc104","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":3,"box":{"x":51,"y":765,"width":414,"height":8}},{"id":"f59dd503-bdff-4770-a74a-7931821ff27a","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":777,"width":400,"height":9}},{"id":"4aa50c29-4428-42fa-9924-977aa38b0e73","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":3,"box":{"x":51,"y":790,"width":396,"height":8}},{"id":"4b0d6010-26c6-4135-a4cd-da580c63bcc8","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":803,"width":416,"height":8}},{"id":"6bb8a7ca-58f6-491b-aba9-f14c9db1835d","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":816,"width":403,"height":9}},{"id":"f5e5fbc6-45bd-4e60-84b8-061558f3f036","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":3,"box":{"x":51,"y":829,"width":407,"height":8}},{"id":"eeeaeeba-27a2-4ee5-a3be-8ba402461fa8","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":842,"width":410,"height":8}},{"id":"e28f9e2d-7e31-4cd8-bcd2-cad64e60578c","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":51,"y":854,"width":414,"height":9}},{"id":"168b2771-e80b-47cb-8653-bca70dbf3530","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":51,"y":867,"width":428,"height":9}},{"id":"cbec0be7-2a4a-4ec1-83bf-0b39ce5d9f2c","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":51,"y":880,"width":432,"height":9}},{"id":"30bc7075-1cfb-47f6-be48-315af3012681","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":51,"y":893,"width":421,"height":9}},{"id":"ed00b7fb-f5b2-4491-8b48-217963ab9583","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":51,"y":906,"width":430,"height":8}},{"id":"7440f031-5e3f-4b26-a659-96ad6a3d6e91","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"42f78fab-41b0-4d5c-93d7-47fd225070b2","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":92,"width":416,"height":9}},{"id":"76c01e23-fdf6-4e55-b3d3-c8a1c1392275","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":105,"width":415,"height":8}},{"id":"2b06d200-6399-40d4-bd5f-c379e8921009","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":118,"width":422,"height":8}},{"id":"a62164b7-cedb-4d1f-be07-4873fdd41403","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":130,"width":307,"height":9}},{"id":"55db8fb0-a6e2-4099-a598-0934f817396f","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"d1cbefa5-13fa-465b-8c3c-98c06b376ca4","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"83de1ea5-805f-4cd5-a844-7169d98654a9","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":143,"width":292,"height":9}},{"id":"93f2e86a-d680-47f1-99f9-569fbc0405a8","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"8874d6a2-079e-4dce-a234-76711085d9fb","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":156,"width":421,"height":9}},{"id":"76b45685-118a-472d-9238-2df3823a913f","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":169,"width":390,"height":9}},{"id":"dfc343cb-86b8-41a7-87c5-67868528de6d","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"a255e7b6-58f0-4a50-92d1-b0345d3ca33b","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":187,"width":418,"height":8}},{"id":"4fda9564-4a46-4ad0-a4f7-70390e470c38","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":199,"width":431,"height":9}},{"id":"2fae6bfe-5e21-415e-9782-887f9e2e3e93","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":212,"width":354,"height":9}},{"id":"3881ff8b-619d-44a4-acb3-5b9da5a708e0","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":230,"width":403,"height":8}},{"id":"19b276b2-2564-4d58-9f9b-b3529ebedf36","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":243,"width":411,"height":8}},{"id":"6fc528c6-aacf-49d0-b00d-272da27b6d49","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":255,"width":401,"height":9}},{"id":"87767506-9d80-44d3-8f8d-35483ffda4d4","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":268,"width":402,"height":9}},{"id":"5b7b55af-e973-44bc-9216-827777f439b5","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":281,"width":416,"height":9}},{"id":"67ea0153-409b-4165-a0b1-01734b547769","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":294,"width":338,"height":9}},{"id":"b1d174f1-75ba-444b-95bd-b1fa938f84e1","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":311,"width":408,"height":9}},{"id":"bed19607-bb1e-4beb-8e51-a95b51c7018a","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":324,"width":416,"height":9}},{"id":"3d8797e9-5960-457c-a750-44038e725d9d","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":337,"width":382,"height":9}},{"id":"5d0e25a7-f3e3-4915-8154-0b390db4e6c5","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":350,"width":397,"height":9}},{"id":"0860f59c-e626-4083-a0ae-c459cc24876b","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"ae2c8523-f164-461f-a396-13abe7389bf1","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":380,"width":398,"height":9}},{"id":"75c53cf9-cb95-437a-81c2-a09a99e8c949","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":3,"box":{"x":516,"y":393,"width":407,"height":9}},{"id":"d0b127c5-37a3-477d-a816-80e378b93010","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":406,"width":427,"height":9}},{"id":"3ef400d2-7756-428f-b946-d6bcbd9e818f","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":3,"box":{"x":516,"y":419,"width":403,"height":7}},{"id":"2e1c9f7c-63ff-422b-bbe0-70f653f02339","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":432,"width":393,"height":8}},{"id":"a953827d-8eeb-4a21-80a4-784b507ef569","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"ee8aa0d9-1d90-4b9a-bb34-9e84845ebc63","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":462,"width":389,"height":9}},{"id":"b2b2003f-9d15-473a-b1ef-990e461dbafa","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":475,"width":379,"height":9}},{"id":"9a17feb6-45a6-48a6-a7d3-bf73e34176c9","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":488,"width":360,"height":8}},{"id":"2ddef8d7-0b08-4665-998f-6151e00101eb","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":505,"width":419,"height":8}},{"id":"bdb6f3e2-5bd7-447c-a030-1d6c35c4d075","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":518,"width":431,"height":9}},{"id":"908328ce-8847-4b6a-8e04-7036f34cca96","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":531,"width":428,"height":9}},{"id":"9e6f9804-ffeb-438c-a954-48cd4616f5d0","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":544,"width":427,"height":9}},{"id":"3e1a20a2-bc00-4961-b9a0-a2a35ac49982","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":557,"width":411,"height":8}},{"id":"4489b2b7-3ae7-419c-976b-67f2c203d341","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":570,"width":395,"height":8}},{"id":"1331d15e-6779-4b4c-9368-03a8b3af519e","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":3,"box":{"x":516,"y":582,"width":411,"height":9}},{"id":"edbd2007-2d5b-4d2f-b2a6-21b9c4ebe171","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":595,"width":396,"height":9}},{"id":"efdc8f1c-54db-4447-b268-27c4d80ec695","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":608,"width":433,"height":9}},{"id":"14f32dbc-56e7-48c9-aaaa-cd073a813e1a","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":621,"width":420,"height":9}},{"id":"a9992f95-e0f4-4cfb-a178-593824245252","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":634,"width":422,"height":8}},{"id":"cbff69d8-c5c0-4300-8e76-699656518c49","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":646,"width":392,"height":9}},{"id":"14c0b0bc-4537-42ee-994f-a6fad03cca92","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":659,"width":407,"height":7}},{"id":"95d4e582-c707-4b34-bd30-03916e4f31b3","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":672,"width":413,"height":7}},{"id":"62fa4a0e-be8a-45a6-ab17-369a93a7a440","block_type":"box","text":"used to determine which securities to buy or sell or when to buy or sell","page_number":3,"box":{"x":516,"y":685,"width":412,"height":9}},{"id":"b6803be4-cde0-4076-abce-b33eb8ca14df","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":698,"width":431,"height":8}},{"id":"839c4ffb-27af-4114-8117-aeca6db7125f","block_type":"box","text":"risk of any use it may make or permit to be made of the Information.","page_number":3,"box":{"x":516,"y":711,"width":398,"height":8}},{"id":"e9630fc5-c926-44a3-addb-7c1119508185","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":723,"width":403,"height":9}},{"id":"a2e15953-6a5e-4c9d-a100-d9ac40c4b219","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":736,"width":401,"height":9}},{"id":"37bbf6e5-ccc7-40fe-b94f-f36613456b18","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":749,"width":418,"height":9}},{"id":"41c079a4-2696-4171-bffb-4dac04bedf89","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":762,"width":428,"height":8}},{"id":"f5297f3e-20d7-4602-abea-4ab543ce7366","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":775,"width":405,"height":8}},{"id":"075879d5-c3d5-4e5f-a57a-b563414137b4","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":787,"width":426,"height":9}},{"id":"4609b6b4-4438-4243-8919-040715a66bb4","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"aadc090a-9d4c-4c6f-a24a-9649ed1c0c71","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":818,"width":429,"height":9}},{"id":"2b5630cb-0d36-4393-878c-a30c35f8ab94","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":831,"width":428,"height":9}},{"id":"17e7fe85-7a52-417c-b715-f6775ffb0331","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":844,"width":415,"height":8}},{"id":"d9d54e2b-46d8-4183-9f15-f809c11437f6","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":3,"box":{"x":515,"y":856,"width":389,"height":9}},{"id":"6d6bab92-c491-479f-ac91-ae9ff07cc5df","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":3,"box":{"x":516,"y":869,"width":432,"height":9}},{"id":"10c6b723-87b8-42a2-8f36-213e0014fc2d","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"4478ab30-586e-4354-a509-ba50560d5ba5","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":3,"box":{"x":516,"y":904,"width":360,"height":9}},{"id":"1c52d498-24d2-4b9e-b789-0e8188d111af","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":3,"box":{"x":515,"y":917,"width":404,"height":9}},{"id":"fa4a4877-e4a6-4d4f-af57-71b90e54e6fd","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"d3c23e15-a284-4200-97b1-3ce74df43d25","block_type":"box","text":"Report ID: 5649060.1","page_number":3,"box":{"x":362,"y":968,"width":119,"height":9}},{"id":"fe3ece3a-78cc-4370-a852-c3636056ab38","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"11ba233c-d170-41ee-947a-4a0dbb324880","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"17a299f8-1223-4c68-aff3-124e02f3fece","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"792fa4c2-6e9f-476f-8022-12a8800da052","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"b3271888-4f40-4420-a7bd-1a39377bd83a","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"862510e8-1759-4073-b4da-6bf2da66b0be","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"e0fd24e9-6cd1-41a8-ad9a-ebe5e07c19d7","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"7b636c52-fec9-483a-bb54-c3f36e46266f","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"85566f41-c2eb-4917-9125-412db03de818","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":51,"y":36,"width":433,"height":8}},{"id":"f19a7aae-5d9d-476e-8c2b-f52b6f5fa828","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":51,"y":48,"width":418,"height":9}},{"id":"6360c839-2f3c-4b78-aeb7-557ce310887a","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":50,"y":61,"width":398,"height":9}},{"id":"a2ad5c07-fc1d-42e3-8779-12f4a1884d9a","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":50,"y":74,"width":413,"height":9}},{"id":"0d7e4648-1fc1-45ef-87a7-e9648e4d02e9","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":50,"y":87,"width":292,"height":7}},{"id":"fa6f9daf-4475-47b4-83b1-3c774e953f1d","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"a36e7a92-32ff-433d-8bd6-009dd5401591","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"0c83761e-0a3b-475f-b8f8-30efac1e16ca","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"6118daf5-9a0a-4f0d-9c0e-35540f89c4fc","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":51,"y":104,"width":387,"height":7}},{"id":"d18a8e74-bbd6-4952-ab31-937c8da5f69e","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"890d84f3-894c-4adb-b3c6-ba8450cbdf70","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":50,"y":135,"width":385,"height":9}},{"id":"db519a28-8ab5-4e1b-98e9-51cfd16fe8d6","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":51,"y":148,"width":403,"height":8}},{"id":"84119f67-1037-4857-8c01-120df437aa91","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":51,"y":160,"width":401,"height":9}},{"id":"e7c673ce-c77a-488b-9312-bd5ff68418d1","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":50,"y":173,"width":412,"height":9}},{"id":"173b9ae9-6a11-48b7-b372-4e632c4100b2","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"32d9d657-c40a-4d51-a8e6-b76a089e7b0a","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":50,"y":204,"width":413,"height":8}},{"id":"1d94f523-d0ba-43cd-9532-7e577b657127","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"31ebb05f-6e7c-4125-b2c9-9218bffc19c1","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":51,"y":229,"width":427,"height":9}},{"id":"bfca76ad-4128-4cba-adf6-ce769d577e9a","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":51,"y":242,"width":394,"height":9}},{"id":"ab79e3be-2498-4f4e-abf5-c182a8d041cb","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":51,"y":255,"width":426,"height":9}},{"id":"893bcda9-fc6b-4009-9c28-9fc319d458c1","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":50,"y":268,"width":369,"height":7}},{"id":"fc84b179-33a1-44c5-98ac-e82b28163aa9","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":51,"y":281,"width":408,"height":8}},{"id":"ae4b39b2-b392-4c65-8a97-90b301414579","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":51,"y":294,"width":413,"height":8}},{"id":"9824456b-fabf-404c-bf04-5c8301a451db","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":50,"y":307,"width":426,"height":8}},{"id":"33ceb73e-ef80-4991-98fc-6046dac4cd2e","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":50,"y":319,"width":277,"height":7}},{"id":"0a3e9fe9-0db3-4f3e-a0da-6c4c9a082d32","block_type":"box","text":"The fund is an alternative investment fund for the purpose of","page_number":4,"box":{"x":50,"y":337,"width":388,"height":8}},{"id":"cdcbb5f2-bd18-4d35-af9c-04522a648c23","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"c9983da9-1cb6-4e10-befe-ea997c883d70","block_type":"box","text":"Directive(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds","page_number":4,"box":{"x":51,"y":362,"width":356,"height":8}},{"id":"a9e3a4ad-993d-4da7-98a3-ebe00f6f91a2","block_type":"box","text":"Management, Inc. or State Street Global Advisors Trust Company is","page_number":4,"box":{"x":515,"y":36,"width":431,"height":8}},{"id":"66423dc9-05fb-4275-b19c-59ea2a3b3b10","block_type":"box","text":"the alternative investment fund manager (“AIFM”) of the fund and is","page_number":4,"box":{"x":515,"y":48,"width":431,"height":9}},{"id":"56a0cf56-15a8-4abe-8ba1-8cbef08d4131","block_type":"box","text":"an affiliate of State Street Global Advisors Limited.","page_number":4,"box":{"x":515,"y":61,"width":323,"height":7}},{"id":"13980b55-6d92-415c-b1a9-c4074b8f2fd9","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":516,"y":79,"width":408,"height":7}},{"id":"7f4a77e1-6e6a-46af-8117-58b169d0fd09","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":515,"y":92,"width":413,"height":8}},{"id":"d23d2b65-db5d-4321-8590-a9c1f7536747","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":515,"y":104,"width":397,"height":9}},{"id":"6ab78eec-c6d1-4a8e-abf8-a7bb8b27afa9","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":515,"y":117,"width":391,"height":9}},{"id":"8c20acbd-b3b8-42e6-b581-5c19fb26172b","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":515,"y":130,"width":428,"height":9}},{"id":"2f7da670-bbd0-4380-91f6-70781b89df58","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":515,"y":143,"width":420,"height":9}},{"id":"30f93384-6f56-45a2-9228-b593895f367f","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":515,"y":156,"width":360,"height":9}},{"id":"9978954a-7a25-4c08-8a1a-f9c875917b22","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":516,"y":169,"width":374,"height":8}},{"id":"6958117f-9c04-4fbd-b8b8-6b5258e6158e","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":515,"y":186,"width":419,"height":9}},{"id":"2da02e7e-5fba-44cd-81e8-c67b8d2ff0f9","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":515,"y":199,"width":404,"height":9}},{"id":"1ccc3ce5-f86b-4ec1-a7d6-513c17a3eaea","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":516,"y":212,"width":401,"height":9}},{"id":"b53e9e4f-8970-4520-b044-9d9eaece48b2","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":515,"y":225,"width":392,"height":8}},{"id":"51ca5edb-bb96-486f-867a-e9e510facebb","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"310e3913-7ba9-4d66-b342-479f7dfa8eac","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":515,"y":255,"width":417,"height":9}},{"id":"980c215a-c56e-4c52-92de-a68d29edf5be","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":515,"y":268,"width":393,"height":9}},{"id":"18602566-8cf7-4fd5-9fcc-0e0ccacc4271","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":515,"y":281,"width":411,"height":8}},{"id":"692eb173-95f4-4733-a55a-3298f260f076","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"c0bf118f-4367-441b-9f33-6fb98390a8c2","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"d2175c56-33c3-4131-86c1-3d6512d892a0","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"15da5b7a-a3c5-444b-882c-7e82f5e7c60f","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"95932443-c119-43a2-895a-85ab0426ed16","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"2cbb78b5-def0-4d33-acb7-81df588cc447","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"9eca1885-e0f4-4529-ac86-121101914e82","block_type":"box","text":"Report ID: 5649060.1","page_number":4,"box":{"x":362,"y":968,"width":119,"height":9}},{"id":"faa6055c-3319-483d-be81-5eb3df0aaab4","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"59cb9281-9d26-48a8-aa75-969be49edda0","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"d13e01bd-8aff-420a-9623-9056d682f6c9","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"f4102cd8-e9d9-4ae7-b963-6b8fd0e6cd8a","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"16df4ba9-755d-4ead-b406-32935fc41eb4","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"1cab17b4-13db-4205-ba1a-56cd0c5e7667","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"7d2a2bcd-9c8f-4274-ac83-913ca3c750a7","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"39a4d3be-922a-47c7-bd5f-b4cfe0b11727","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":"7d804be0-777b-4d62-8b39-d28965eae174"},"user_id":1000002,"date_created":"2026-10-17T01:12:36.310000Z","date_modified":"2026-10-17T01:12:36.310000Z","private":false}