{"annotation_id":"a91ec52a-df53-498e-95cd-1001fafaf4c8","file_hash":"046d47a7927b132c7bc81175f8a7616409f6c2109f82332ca3cb1f537b22f07c","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"2ef1edb2-8594-44d8-809a-84446f962eb3","block_type":"box","text":"State Street® SPDR® FTSE UK All","page_number":1,"box":{"x":51,"y":71,"width":569,"height":18}},{"id":"fb68e9ae-2063-49b1-a9d7-5fec608430d8","block_type":"box","text":"Share UCITS ETF (Acc)","page_number":1,"box":{"x":51,"y":104,"width":400,"height":22}},{"id":"6d35fa3f-d422-4429-a248-e63e3181c947","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"e8a1d5f8-f748-47c1-9f81-0dedc1defdca","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"792f8cb5-4b59-42cf-8a54-32597b50008c","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"d6b5301f-b0c1-4806-9702-6d41803aa80b","block_type":"box","text":"IE00B7452L46","page_number":1,"box":{"x":754,"y":107,"width":81,"height":6}},{"id":"c69ff19e-ee1b-4e79-aeaf-c92ef1ebfaf6","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"b5571d03-01f5-4ab2-9de6-b169e31a7f43","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":"7b077774-893e-4406-981a-88a27b50c8f9","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":"1cbaf107-286c-4047-a0ae-63534ac9d268","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":"f3b89435-e37c-4db6-afe6-60becb9d144b","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":"1b4bf1dd-4b41-4729-a624-f551ac19e77e","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":"45c54dab-16d0-4625-90d0-30156456bcf6","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"57e2a4b6-43bf-4a9f-9998-e928ee88ca4e","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 31 Aug 2026, sustainability data as of 31 Jul 2026.","page_number":1,"box":{"x":50,"y":307,"width":844,"height":8}},{"id":"46d08684-cf55-4526-87d2-a5d94f823f17","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":"deb65ca9-1caa-4367-b240-ac073b3b70a3","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":"a3d98635-2d80-4b73-a5fc-7ff8fbc535e6","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"393b549a-9f2f-44eb-86da-f508a62836cc","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"93f1c497-73d4-47c6-951e-faa5bf5b9bc3","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"3421fb09-3808-4384-99f2-c85f95a5317b","block_type":"box","text":"2.66%","page_number":1,"box":{"x":105,"y":402,"width":50,"height":8}},{"id":"eac98861-6029-49fb-8bd6-0485d9152308","block_type":"box","text":"10.59%","page_number":1,"box":{"x":339,"y":402,"width":60,"height":8}},{"id":"3d9829ee-6f7e-4182-a274-136d23e6a852","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"18030c75-746c-4c55-b452-522d4009fbf3","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"f4a8e3f9-70d5-4539-a086-5f8dcf39c169","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"de24c639-ef37-4eb3-b8a4-2a4321c01b12","block_type":"box","text":"96.92%","page_number":1,"box":{"x":416,"y":432,"width":45,"height":6}},{"id":"d8cbd015-bb41-465a-a1cf-2dd8f8437d39","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"60bd6064-80be-49b2-887e-2d84053694f5","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"9ab3c564-4393-46b7-b8e0-0a318fe30434","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"96b88a0b-3eb7-44fd-8c9f-82d09e0718b3","block_type":"box","text":"2.88","page_number":1,"box":{"x":105,"y":512,"width":39,"height":8}},{"id":"bd7dfb26-ef25-4881-b624-70db1f804a1e","block_type":"box","text":"2.32","page_number":1,"box":{"x":338,"y":512,"width":39,"height":8}},{"id":"d548e22b-6e3e-43d3-bfd8-d0cc6b2b9c00","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"1eb51e9c-15ba-4a40-9f39-efc5c5076c36","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"14b38be6-86b6-4ee8-9bae-6e3807a7ea6e","block_type":"box","text":"94.33%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"ea033b54-90f8-4c4b-b157-b32b9359f958","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"36f97244-301e-43c3-b3dd-a67a69df5afd","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"4f6d6fc9-bdd9-45f7-888c-dd5513b6981e","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"8cb34ffb-2dfa-426a-9196-c3a60ad0c7c4","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"bdd44362-6b19-4a84-a6f4-e6c8be59c72f","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"88e65e88-c8e0-4c9c-a420-550833f5f134","block_type":"box","text":"42.26","page_number":1,"box":{"x":322,"y":617,"width":37,"height":5}},{"id":"63c8cbdd-bb34-4d76-9e24-084b0bf32ce1","block_type":"box","text":"96.91%","page_number":1,"box":{"x":438,"y":617,"width":45,"height":5}},{"id":"f08d8c2b-cffb-467c-b503-2af6bccfbb58","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"796149ca-2b48-4c91-8603-8dadaf9023cc","block_type":"box","text":"9.43","page_number":1,"box":{"x":330,"y":633,"width":29,"height":6}},{"id":"6c6f06f5-03c1-4c8d-a31d-7ef5c732712d","block_type":"box","text":"96.91%","page_number":1,"box":{"x":438,"y":633,"width":45,"height":6}},{"id":"0c238923-8b6f-4e2a-bcb6-fc17b1214c28","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"66004ba1-8f44-4420-a1d2-2af9e3764dc1","block_type":"box","text":"793.56","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"7c263d67-bdc8-4b7d-92f8-0a1c5ac3599f","block_type":"box","text":"96.91%","page_number":1,"box":{"x":438,"y":650,"width":45,"height":6}},{"id":"79b6fc68-3da2-4bc2-a71a-1d47bfac11b2","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"4fe361e7-d693-4be5-aa99-2f521e4f178d","block_type":"box","text":"51.70","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"ac1acce8-de74-4908-b400-3350306f7fa2","block_type":"box","text":"96.91%","page_number":1,"box":{"x":438,"y":666,"width":45,"height":6}},{"id":"8c41865f-d7ae-4006-b488-3aa07a602d84","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"b4d206ee-ccb9-407e-8ced-4d9a80342b41","block_type":"box","text":"854.57","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"fca4d01e-bb7d-4e17-b8f8-76fe997f9413","block_type":"box","text":"96.91%","page_number":1,"box":{"x":438,"y":683,"width":45,"height":6}},{"id":"d019087d-5eb1-40d9-9c3b-f9ab14dba1bf","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"dccafda3-629b-4a91-9b05-3b97ea47b241","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"b20b2712-4c17-4abe-9761-590da22543d3","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"31cebe75-26e0-4fb8-ab5d-b90c5f0f34a0","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"2def33e6-a751-43a1-8259-d676326da35b","block_type":"box","text":"40,625.69","page_number":1,"box":{"x":772,"y":417,"width":68,"height":7}},{"id":"f6461eef-6c9a-46fc-9633-bdf4033a367f","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":417,"width":45,"height":6}},{"id":"4bc3c103-0cfb-4c01-9ba6-7eb9169157aa","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"4b9f3670-96a3-4cf6-b47b-8f478df0ebc3","block_type":"box","text":"9,070.76","page_number":1,"box":{"x":780,"y":433,"width":61,"height":8}},{"id":"844173f2-bb2b-4c68-9abc-b0dbd1b12039","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":433,"width":45,"height":6}},{"id":"a24276a0-da14-49c3-8748-6cb1779852bd","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"83643d57-1294-40df-90ed-68af12937909","block_type":"box","text":"762,938.33","page_number":1,"box":{"x":764,"y":450,"width":76,"height":7}},{"id":"921e4192-7f46-4e68-aae9-aac642a854ca","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":450,"width":45,"height":6}},{"id":"61a9d16c-e404-47ff-a25f-ace19f215f36","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"794cbe3b-cdec-45ba-824a-4bb4b529a66a","block_type":"box","text":"49,707.63","page_number":1,"box":{"x":772,"y":467,"width":68,"height":7}},{"id":"a2687461-efb0-4bd2-b89b-57159f3b7d04","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":467,"width":45,"height":5}},{"id":"17e07921-e874-4533-997b-20c81ee0088f","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"c763c693-7087-413f-9e6b-df3c6bd076ba","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"e964f201-fc0a-45cb-9aaf-3846a631aa57","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"7a256198-db29-4268-b716-7921bf456603","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"5ae35139-aac4-4b39-a84e-fe87aff14bce","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"300c5c6e-48bf-410c-bf13-dfed89ccd7aa","block_type":"box","text":"62.38","page_number":1,"box":{"x":803,"y":548,"width":38,"height":6}},{"id":"ebc6e565-504b-4b47-b24c-43e4971da5ef","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":548,"width":45,"height":6}},{"id":"ee11e579-fa6d-466a-9070-0baad8ba27a2","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"a74a9eca-db67-4ffb-985d-cf820d292507","block_type":"box","text":"21.05","page_number":1,"box":{"x":803,"y":564,"width":37,"height":6}},{"id":"e7c147a7-53ff-48d5-8d39-a9f784987c5d","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":564,"width":45,"height":6}},{"id":"7d2f5d18-614c-4397-a824-c9a7cd2f85d2","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"7d441e94-a25d-4cc0-b1bf-386920678e0b","block_type":"box","text":"1,199.30","page_number":1,"box":{"x":780,"y":581,"width":61,"height":7}},{"id":"07bb4ca5-9fe3-4b0d-9555-e8c643499752","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":581,"width":45,"height":6}},{"id":"f8a6cb2a-280f-4a92-8a8d-95374d6dddba","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"8be4f3e7-9ae6-48f8-b1b3-130c9cc84fa5","block_type":"box","text":"81.84","page_number":1,"box":{"x":803,"y":598,"width":38,"height":6}},{"id":"d6658cc7-e776-48c2-83d8-64c0e513f20b","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":598,"width":45,"height":6}},{"id":"d66280df-0e30-4d36-9298-391b3f8d2ccd","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"81d16f38-f028-4b1d-b5bc-8064ac78e44b","block_type":"box","text":"1,289.90","page_number":1,"box":{"x":780,"y":614,"width":61,"height":8}},{"id":"94849405-fbba-43be-8ae7-12b7bf2fc921","block_type":"box","text":"96.91%","page_number":1,"box":{"x":903,"y":614,"width":45,"height":6}},{"id":"505c3830-0436-4502-b2bb-fe27e3d59e4e","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"eb2f43fc-51e6-417f-9441-182f7f29e760","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"733fe172-ae71-4afc-95a0-235799d561c4","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"c2334c1f-0df2-457d-81f0-9776cbcaed8d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"3a0fc967-7cc8-4784-8127-a41708d1dfe0","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"4590ebaf-0465-4c59-b036-9ada455f11d5","block_type":"box","text":"-18.98%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"ab1379a8-4ff3-4856-80d1-378584f87b02","block_type":"box","text":"94.35%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"3fad6c1b-749b-490f-8298-57614c183859","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"a0179f86-1a09-4971-8e7d-bee48304bba5","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"26639404-60bc-47af-b0a9-d04be59b916c","block_type":"box","text":"1.17%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"7d91e172-9ae1-4474-af59-cee0b064a39d","block_type":"box","text":"86.80%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"3e4a4c27-f899-41d1-b441-b815feb65bb4","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"46391366-b9d8-4be2-b59c-431514f5c8f6","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"18c263d7-5d57-4272-beab-d8b099e11d40","block_type":"box","text":"-0.32%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"155d7165-016c-4775-8638-48a818e739a9","block_type":"box","text":"68.14%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"806381a5-062a-4d87-93d5-d8ab97989ad9","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"fe30f521-d9a5-4a35-9bb5-da44582a9728","block_type":"box","text":"-1.10%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"2aa57e9b-3e7b-45e5-89b7-78c926dc9c36","block_type":"box","text":"94.07%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"25b8bf90-eee3-4900-9c34-3fc505462125","block_type":"box","text":"Report ID: 5592958.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"2e8b67ce-022c-4bd5-bd60-551109d60df7","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"8dfc33b9-d9c0-420e-81a8-45944ab44ba5","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"7a89c200-f2a7-4faa-b388-176aa4501f55","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"da0bdec2-ce18-415d-bbbb-cbc3e212d0b6","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"1ff283f7-6cb0-46c2-b6e4-c1097e66d369","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"42ffff9e-e5fe-45ce-b4f2-671732e998b9","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"b5ff41f8-9c32-4b93-bdb9-af13c48e86ea","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"777222f8-9f26-46f2-918f-359afaf9d495","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"e0c9ffc5-d6ea-4a69-8022-c9e120f585f5","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"de093746-2326-4e1c-8aff-6ba8687ad6c6","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":"a22aa6fd-ef97-4863-91db-404cca8d34f2","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":"f35b1144-d83f-48b6-b010-b3c8057582e5","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"06fcbeff-0555-4b3d-b0c4-e2b6e209d2e6","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"f427027f-dadb-4a2e-9582-549b3f1588e7","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"552c7954-effd-4d24-9119-407e4937deff","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"ab49f2fc-4126-45a2-9ac0-c125a96135d3","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":"6f372188-3e37-4287-b448-cdbf0fdb74d6","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"706efaae-b767-49e4-baea-306c83291112","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"7d8feb3f-f584-4fe2-b2e3-1237d105a4d6","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"b97ce9a3-c2c8-43df-a1ab-a787a719503f","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"7e7a8df0-d891-43e6-9e98-a322ce701992","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"c31c867a-2d32-4e24-9c98-0be4c53e0045","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":"034410b4-4847-4485-8143-6c50432406a7","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":"91a9b9e0-4a23-4204-a8c1-07fb67fac7e2","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":"4a497a04-326c-4875-8679-6fb9f7811e4d","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":"6a74c2d2-55ff-4cb4-a471-aa396bed89c3","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":"fa0ca29e-b31d-4a64-9326-69459b2d3abc","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":"33f50b8a-602f-4d66-b24f-34f0e71c45d1","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"964999da-0011-46c9-9ce8-dd68cedcaec8","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"3e8aded9-61e7-4c38-b7ba-d0f96d27ec1a","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"15c79246-ec59-49b2-94c0-0244c59bb1e9","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":"a6a1a214-df1c-40de-90b7-28a14310fb47","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"e580b0ed-161c-4700-8677-88fc9121ff59","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"70865d2b-fff8-4bbb-848b-c22c48d0708e","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":"f1d2a167-05a1-4954-9e7a-f606c31d0ef9","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":"2081593a-3fb7-432b-a0bb-4751313f1e54","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":"773dcc36-6544-4636-ad52-cae188149948","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":"db3ae0ee-491c-4bd3-939c-2261516018a8","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":"b0e22f81-ed82-4e00-97ee-cdafdffcb444","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"0a27df7e-ab24-48d2-b5d1-a72c2e8dbcdc","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"f6e165df-ed2e-4abd-ba57-bf18dd8953b0","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"9665dbab-91aa-4076-842d-812917122970","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":"72ab1ec1-62a2-4de1-8825-358d1be194bf","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"302dfd47-6fe0-40ce-97ab-8cb3a7eddc37","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"9450376e-5b1a-4bdf-87a4-9139db39a9c9","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":"55feec3f-617a-4aab-af3e-a23b367bee9e","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"a6edc36d-9a82-4a4e-b9b6-c0b60c1cc08c","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"33c42efe-b3d1-4bec-a656-d6085e166139","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"eaff3fc2-4654-44a9-b12e-8d1c5e376ab6","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"6fac6b8b-fbbd-4c9f-b518-5792eb37e6d4","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":"2e0fe242-abb2-4bff-bc6a-04c08b7a3107","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"92909585-ed11-4402-bc88-5c72895df90b","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"ac5723ba-41f3-4a25-8754-cb1d36d60211","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"bc0a3d1e-79b9-42b8-ad90-3fb6b887204e","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":"1e263bcc-a216-4192-835c-679971c0b8da","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":"446080ba-bd7d-4106-b24b-b0b051c2ca87","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":"af1f649d-e174-4824-ba26-c34813085c5a","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":"7e477edd-b6cd-4041-884a-b276667985a7","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":"3e3e08f6-66c9-4f95-948a-5a856e6a8404","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":"4d135f46-0e1a-418a-97dc-72f32a51cdc7","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":"561faca9-3671-4091-a109-28c4ada6ac2c","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":"d874f667-9daa-4a34-a688-1f8c41f2d8a4","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"4478c17d-348d-4a1f-9f38-68b2fae1bec0","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":"d69db7fe-b930-43ef-8afb-9cd387cc75a6","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"d45f0007-010c-4d1a-b5b2-ba9be89d06c6","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"b46576df-ac17-4e33-be5f-4ba637903052","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":"f4ff450f-e26e-4131-8b93-38426f5cacb8","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":"7cd260f3-e901-4b08-81a7-2e0e72c06469","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":"6d5f3069-2740-465d-acba-d4650d930605","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":"108982ad-5add-4afb-934c-c23c1a5118a6","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"9dccf638-71c3-431e-b13f-6e4bf612c09c","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"11ccaf8d-3924-4a07-a890-94985fc0ac46","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":"facdce57-6f03-4cf7-9871-0bbfd2639263","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":"a33a8d2c-287d-4602-97ab-da782e6df12e","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"176b8be8-3574-428f-8b90-716cee6ca8b7","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":"5cb8e34f-82ed-4840-8bb5-e9315aab2f11","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"229c07cb-0d1f-4d33-b504-a984e8baa508","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":"40a159dc-9952-4274-88f3-fd5744c454ec","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":"f192c6fa-a5d7-4d68-8d82-a44fc92c4065","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":"749f6133-ab22-4a7d-ba19-c5ffeb9d7eb7","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"4473d240-f7a0-498e-b679-3c33ee1c9e70","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":"ee62d884-e011-41f2-90df-1958c821f1c5","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":"eeaa6756-2317-418b-86db-6fcbfd85ceaf","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":"bb0f2de5-039f-4e1c-b700-df867dd481f2","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"e9df32d9-9915-4297-86e3-1349290ec7d7","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"f5d2aa5d-74eb-43b0-91d7-b66e4c32736e","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":"c73cab36-0d6b-4646-99b2-f5cc2b36056e","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"bb1ead6a-9171-4ad8-bc4f-13206a8ad428","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":"89c8e32c-77fc-423c-8dff-f3d8e5bb4a85","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":"3d870038-db73-4b91-9220-5b118efd62f9","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"be5848cd-cbb5-4d38-b832-fe91c54f10fb","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":"c3aeaaf4-550e-4e9e-8605-7f3ba707ce00","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":"5f41b121-2611-442b-af64-98485de5fbe1","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"1db3589d-6a9e-4426-a127-f418d2d691e8","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"3be77e45-270b-4710-97a9-1fb09c96f376","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":"8d5bf065-0339-4c8a-8619-80622a0f3eff","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":"47e29a94-f35b-4fe6-a584-e8734b71435b","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":"8f81019e-b9fa-4650-a490-dc35e31aa3c8","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":"35879ff5-3b5b-4caa-ae48-03d879a79994","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":"1f1d3658-0351-4328-ad80-f68db3f21d6a","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":"75b64dde-e3c2-4c18-97ef-3371bb102341","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":"a18d8bfb-b734-42b8-90d6-5fe2701dbcf2","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":"6d9ce1ac-4086-4e15-890b-1952e7dabc4f","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":"58d96472-1a44-436d-b7ce-dd964a061123","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":"9a2b9d2a-d17c-43d9-8a9e-6e375ff9b68f","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":"696689e2-765d-4521-b591-31f340f1da50","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":"68041d91-0c44-406f-ae35-72ebd8450e63","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":"ff69fb2f-b21c-4421-a43e-1b2a3b82d9c2","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"baaedb0f-88d6-448c-9c3b-18c000141668","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"1dd76a0a-8c75-4566-ad52-0bd464ab2722","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"bda4cddb-0ab7-49d3-a1db-19fe93259adb","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"41b20095-86d4-4680-b149-ff9ed78d0bc9","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":"ee45dbf0-67d2-40b7-8439-90b699242066","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":"066bcb8d-82f8-4a49-9f1f-33e635efc586","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"587afbe6-22d2-47f4-992a-ef60bab1561a","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"da89eec6-9caa-4330-9af9-52c5ddd800b4","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"924dd8d2-9ec9-4a6a-85bd-9f861b14f241","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"83adf7fb-af69-4900-a750-63469fec6930","block_type":"box","text":"Report ID: 5592958.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"6585186e-28a2-4c82-9852-c0e745f2805d","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"b7ad2098-8bc3-4540-addf-fb8833663b26","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"c1704e45-c0c1-447e-8eae-a278a0a57bea","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"e1f6a64d-e228-452b-90f2-03cf7568407c","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"ad348b3f-b4ef-425c-a7c8-8ee1cb8ea410","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"12d52fd3-e29a-46c3-9430-dc63117265e2","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"1ed87de0-8daf-4f88-a9db-b46a4f31376d","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"7124b373-4b21-49f6-9648-69d8793d01a1","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"a701669b-fdfe-4f26-939e-38020704eded","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"a3294057-874e-422c-84ac-154f05edd5e1","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":"9c44b447-1e73-402a-9223-f63f45e771a9","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"48c76d89-b77a-4070-b6d3-55dc2f276482","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"289fd352-a493-4ec7-97f5-318d9eab9c36","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"ed8f4426-4c7c-412d-bf24-6482dc89d999","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"3ab5e79a-baed-4629-9ab0-bc93fd5a8f7a","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"827d0c1f-13af-4e27-a70c-2191b7d79f92","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":"57f2f678-515d-4687-893c-a38d74a12d30","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":"3bb1ad64-6a38-401a-ac5c-5f84995fade9","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":"beaf9257-bc84-48a4-bd5d-fff1fc3c5239","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":"1e5d3a58-7b39-4c4d-b989-5ff42863ed09","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":"be3995c6-c3d1-449f-b00c-7bb0aa169c9c","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"bdf36f30-c88f-4016-a9dd-d71903955ed3","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":"4637e281-4f34-49e1-a3ec-a832c461a58f","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":"40b02026-fa51-4ac4-8f72-581a889bdd90","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":"a352c51e-bbd3-48cf-afba-6b6a57b89d1c","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"77e87fe3-df51-4e80-8f89-4f08320346eb","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":"c7b597de-af52-4347-b267-582e4f30c36f","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":"09ef961e-c489-4ac4-ba91-abe947b24d83","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":"cf5467fd-5976-4b63-80e4-17c7d8e6cdac","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":"e7eda7ee-1848-429a-aa40-cd7094c6fad4","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":"56192269-f8a3-4c68-8d0a-314449bee294","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":"7b82bf0e-4825-4799-a228-281404779cc0","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":"aa00b3b7-e57a-4a64-aded-458732b9c4bc","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":"477a64d0-31f9-499b-ad68-ad7cefd67875","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":"a85ac3f4-b063-49ff-8992-ee2305256eda","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":"adaa57c4-723c-4cf0-bbe9-82bc9b0322e1","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":"9317e3c3-0731-43f3-81fe-4acee6a8c3ad","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":"b35435b8-76bb-4e4c-99d2-1c8c0f698eab","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":"aaf6e591-cd59-45a0-906e-e05bfd7c6c25","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":"b5396137-c539-4f18-b981-68be777444e8","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":"ab4e7b0b-da46-4edb-8bb8-735aff83896e","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"8f46a89b-bb6b-4975-8ff3-a4615e5e23e2","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":"f5b6b1b6-33de-497d-ae23-796901ba4383","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":"5d5f774f-49ca-4faf-85d3-52a14fde5e1d","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":"107e924b-e4e9-413e-a9d7-c76b3021e135","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":"4d898c89-68fd-4453-bde8-8dbbc07cbbd2","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"ee57fcc8-c5b9-4bb1-ad82-41045ed67cfb","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":"54fdec65-321e-4bad-9fb3-45c4c11d0b90","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":"ecb32a7e-de49-405c-87e6-495d1efcda14","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":"48db0eb5-668f-4065-8ad7-9720c62a453f","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":"b8a1968e-e03a-433e-a779-577261cc1bcc","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":"535bb15b-b60c-410e-98a2-608a61b48467","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":"b7b1e672-3c62-4fae-9fb1-a058ff10e2c4","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"60814f8a-83c6-4e9c-93ed-91187ae982ec","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":"00c01627-c7b4-4ed5-8bb0-da583bc17ebb","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":"9f4e58ff-df43-4335-b6e0-889113d566cc","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"1ca82f7b-0497-4bf2-8b15-5677b65ee57c","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":"287f79c6-9da4-4427-995b-64c11ab9e43f","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":"b9d4700c-2157-4e6e-8c7e-7b47596d5bfe","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":"58f40f8f-4e37-4083-993b-e81575f53d6f","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":"66267e10-ca3a-4684-bba2-370e044a3eda","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":"13906aff-4263-478f-8780-45177888d4b0","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":"606f4121-5c77-4a8b-84e7-e200daa7ae37","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":"5a20419e-1728-413d-8f31-c2f504bdbf41","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":"76b8be58-88c2-4160-a933-dce310a42aa6","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":"d859d182-d71f-4d0d-b83b-7504c010956a","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":"7510aa0a-b7d0-46c9-a487-923e7affd3c6","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":"01fa004a-c8a8-4e59-9613-1e4aa9df0833","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":"3ff9ba53-6851-4361-af41-ba2ae66f4043","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":"866a3982-b0a8-4005-8c30-71af732b1c06","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":"43391e44-09fd-4a0d-8219-d30c9c7a2a39","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":"940ae234-0f31-4d3b-ba31-caefb94232d8","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"4caf3272-d5bd-4e97-9da1-f822df24de9f","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":"bc30ff56-5835-4b95-87d1-d863260ba260","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":"3aea3782-03a7-4a57-915d-47909cd13ae3","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":"58e71b32-4932-445c-935c-ed09f678d3c9","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":"78648a2c-7228-444b-b3d4-7de64870e25d","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"82d38222-3bc1-4262-9cb4-e633ca8264ad","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"c01df0fa-bfe8-435d-959d-5a07aa53b80b","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":"fe9aefbd-2a0c-4015-8c81-24067a9210e1","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"ab961d57-6205-431f-b82c-0db89e8ee9d9","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":"8a1062c1-0fbb-4ff5-9b36-05d114dd9adc","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":"478c3f49-b3ff-4752-b8e3-d241e0c2556e","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"84e06a70-5ef9-4036-a186-fede86a2302c","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":"e1e295a3-0cbb-47de-a9d4-959b248e3a1c","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":"b455d42d-99d3-4b6c-899b-bf362c488259","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":"0d125601-d827-4bf0-aa67-27b936689ff6","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":"9c3964ce-e87b-460a-b34d-f5480aafa834","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":"2946e968-1456-4cfc-a006-54db55b2a389","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":"ac3dd78d-aa58-46fb-a7a5-0d6e79e2ce6a","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":"172711e1-39b1-45c6-9a2b-711385e21f9d","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":"6007a607-d52e-44c6-acc9-7ed5e8feae29","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":"e174d22c-8304-430d-8b18-6b546c850f82","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":"818d2990-58b3-488d-93e8-463f0e0c9f78","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":"963cb4da-54bb-44cb-87f1-dfd56493e448","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":"b8c37b9c-61a7-4306-bed3-331251ec2d97","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":"5cf4bae3-cadb-4be3-9e89-e39f734065db","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"ef23d1b6-b015-4d9d-b97b-e0ddd8009486","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":"dc7634da-f1ed-431b-a94e-5f3dcaafe227","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":"96ea93ee-55f9-43e5-9049-e5182271a424","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":"910b54ad-7d44-40cf-891a-a1dfe0419e8f","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":"f917208c-ea66-45f4-8273-148f936e4fbe","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":"4c7f653e-2804-4dff-917c-3db15bf2c1c7","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"e65ef585-519b-4687-b33b-969475402bf9","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":"791a7d66-c39c-4400-8f77-99d8708ce29e","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":"1e94fac1-ca75-45e3-ac17-7e5d550852c0","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":"e7c4cc44-92a5-43f9-b183-a24a0effdfa7","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":"c64720cc-be32-4c7e-ae9d-feaad88d1083","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":"cd5ddf4b-24a3-4512-9c89-a7c2f4171e86","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":"c385a2fc-3c1a-4fe5-8b3b-c90b30f80b69","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":"5e69ef9c-954f-4e44-bf3b-acf52e059510","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":"0787f797-598c-4fd2-a569-fac7c7d7ad55","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":"dedd06d2-18dc-4214-b4ae-e071bd03a53a","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":"a69df423-ea84-46b5-b2e2-1e48a402669c","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":"adcd3bd4-2910-41b2-a268-8c1cc23c49aa","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":"5675b375-ece6-488c-bf6e-1e47f20a45f6","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":"7d1dad29-2841-4a2e-b911-e0086546ef44","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":"64def204-c85e-4ba3-b5ef-5edd891f08c1","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":"fc715a9d-834a-4243-8130-d671b0325b03","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":"2b43d098-fe5c-41bd-80cc-616ff5d00572","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":"5f334eab-2fe8-4b53-8b1f-33de5019ab44","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":"6621e79b-932a-4a21-bbb2-8f445df6062c","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":"45c92c44-3e70-4c25-9c01-e1ce6e078b0e","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":"b0c5ee18-24f4-4e35-a6a0-d680426c8ec4","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":"28c7080a-c444-46c1-b84c-aece2111a544","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":"402104fe-6bd2-465e-bcdd-68c5c84b5e1a","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":"4523a8a8-bf7c-4040-98d4-de6f2d19404f","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":"b71e3051-ea5b-42e8-a948-7393c11e5562","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":"3516f995-bc60-46b0-95be-bee948900a33","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":"99641e14-2619-4767-88d1-6906d5d3268c","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"3c6068cd-acb4-4eff-a212-326ca495dffd","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":"06a88a0e-47ba-4ef5-94f2-129dbde5857f","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":"8223a0d5-5ff9-4197-910c-e1f6a0215c2a","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":"56a547bf-fb90-4032-845a-dfaf5fdcfc69","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":"a3f200d5-f708-4aad-946e-9756a6bb719d","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":"c4481fc3-5a43-49e1-8546-df5c0d3ea9ef","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"edc4ffdd-fd51-4967-85ca-4d0423d37c39","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":"eb334271-fb22-46c5-86c6-121e5d9d5d9f","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":"2005a4a2-9648-4e63-ae4f-67f2cfc6e87d","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"a914f2fa-e0c7-4e8d-b78d-faa56a352476","block_type":"box","text":"Report ID: 5592958.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"a3e8b65f-da71-4ecb-a55b-32f333827ce4","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"03629bb6-71f4-4651-99ee-50e16d9733de","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"f853b2e3-dce8-4b52-9c48-7cccfd0c56a9","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"c98489d7-8937-4b49-bfa2-7d829313b2e1","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"2b681a43-6ec4-41ad-a832-5ffaa94738d0","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"5bac00f9-4493-4996-9a4c-6a3a3209b9cf","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"da19de8b-6096-49bb-8c12-083a9dd5763f","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"c31a4618-e89c-4ec9-aafe-4a9c90f638b5","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"6c85ff1b-4ede-4ab3-ac79-04c7ab7c7bd7","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":"582d1fa2-0e96-4bce-b6a9-3e60c63c5c43","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":"90ff45c2-84fe-49e3-801b-b495d71f8a38","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":"50229221-603b-41f5-b405-8eb552b48a17","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":"a05c21cc-298e-4ae3-9890-27aa53d47cc1","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":"7600a905-1178-4b90-abf0-f5e2d7f4fbd3","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"1450b44a-b7ce-4d51-ab7a-a155d2c7f30f","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"e18d52c5-3711-48da-a684-03e48ba90d0f","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"ef9e1ec0-64f7-45ff-941c-9f73e49962fd","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":"8f2c0ddb-f022-4f73-a827-04f527740938","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"1222e26b-46e5-43a4-85fe-1f9eeb8857ee","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":"589519dd-488b-4482-9220-e5bebb1a531c","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":"1a63dee1-828e-4b89-96b0-deca9020492c","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":"18ae6a9f-4189-4831-9cad-bcc78963bd07","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":"b8e3efc8-4360-465c-82ff-c4ac860c35f0","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"97d4e3e4-02ce-4da8-becc-89c6a5c751ec","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":"f239f2a3-64e8-4289-afe6-6f8ff9c2f322","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"549c7b03-b10a-494e-8921-3d99d5ba79ff","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":"0f597902-c05d-4512-be08-aa1a304ec083","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":"cf7974d0-a4b2-4b23-b4d3-de54cf0560a0","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":"d2e92e44-a799-48b8-a843-c8af42fc7dbc","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":"f4d62412-e890-4d81-aace-df8cdb47f3cb","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":"8de8f20b-38c0-4754-9849-89c4eaf203ae","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":"626b9ad2-48ce-4df5-bbad-2355ca02d247","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":"34ddacd5-8411-4853-809e-c652ff64d51c","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":"f4d53329-9fb9-4055-8609-295f7fdc59fb","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":"21cad555-64ee-4c43-ac89-740a01504a02","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"2d16884a-58fd-4aa2-b0d8-802436623748","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":"fd6498e0-6555-46ac-9058-fd2f9d097439","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":"a25ec89f-a91d-4b22-b910-5f5c9f8bc2d6","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":"750ef7c7-4e6b-4bf3-ad1a-ead3f38126ca","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":"d64af5ea-7978-43f3-ad06-48d7f6e07b83","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":"9b79172b-bd18-47a9-9c0a-0b72440350f1","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":"14a4d066-ee16-4fea-8ece-c32f3dae26fe","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":"afd6b9d3-ecfd-4e40-8d41-b9b223933fdc","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":"f1e14b57-1167-4165-97bd-fcfaf121e88c","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":"64bf5d4a-abc1-4822-9804-a3d31b69fc39","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":"3323a3ed-594f-4022-9d0c-75b966fe5a04","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":"56fb6c36-8b6f-47c1-8d4a-8773afa6f31a","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":"79086b9c-fc9a-4d71-a36e-e31f08b69619","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":"3b29ee6f-e9fb-472e-a9d7-7c928f9aafd4","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":"096266ec-f73c-44b4-85b9-08e35575aff2","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":"0f965201-72a1-4731-ac95-5cbd36bcd6d4","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":"79f89fef-dd8a-4734-b4dd-716de684294a","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"b00c4f09-78cb-4389-94d5-0df489785365","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":"0c2d7d44-09ab-4115-8682-d5dd55eb5eaf","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":"43dea865-493e-4583-82f8-f6be7567832e","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":"fc7b095a-10db-406f-806d-d32384b2cf93","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"c7329349-6139-430e-9a7d-27e468dabb43","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"d62a17d1-74c7-4f4c-a229-a6583c942036","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"45eb5092-93b4-436a-b98f-18f112762729","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"33abc202-d5a2-47a7-8c3b-4d92f8c6a720","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"2f3fec2a-161a-436e-8932-c50db4523e50","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"a5479b06-7ad5-4323-8ed5-6778c54d0b86","block_type":"box","text":"Report ID: 5592958.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"72e8f23d-271d-41e3-83cc-19215f784304","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"56d38660-74a4-49e3-bfb3-4b3179da0161","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"5ee4684c-f2df-4080-8e51-80f20391396e","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"6e33e5ee-26b5-465c-901e-9496b6f7233e","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"430faed3-d7bb-4453-bb40-5b83bde9bb6a","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"25a3589a-abcd-4d3e-b88a-1512f717b25f","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"f6fc62ac-65a8-4460-80b7-87214834ed81","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e5ff49d6-7983-43e1-bf1a-22baadc0f4ec","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":"91ffdaf8-468c-4d77-9513-8ad5b7cf536b"},"user_id":1000002,"date_created":"2026-10-05T20:58:44.203000Z","date_modified":"2026-10-05T20:58:44.203000Z","private":false}