{"annotation_id":"aa606778-a47b-46ce-94d1-8fad0f7590ee","file_hash":"a4c75af13a748f0e3b6d41ff98c5e016480de4799a54ce8c5f6197e5b8f19282","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"9ebdc055-ad32-42b2-adb1-4e17e9347efe","block_type":"box","text":"State Street® SPDR® MSCI USA Value","page_number":1,"box":{"x":51,"y":71,"width":646,"height":18}},{"id":"7c7c41b9-d9e3-421e-84c1-e347ab1dba58","block_type":"box","text":"UCITS ETF","page_number":1,"box":{"x":52,"y":105,"width":188,"height":19}},{"id":"55fd3399-32e9-42d3-80b0-f1850470c8a6","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"425301ae-5e19-43c4-b39f-d4f965101ef9","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"b3974c3e-269d-4c8c-bf9e-2b76ac0c5136","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"01ed5a39-c463-4fdd-9b71-713713dd288e","block_type":"box","text":"IE00BSPLC520","page_number":1,"box":{"x":754,"y":107,"width":84,"height":6}},{"id":"48dfca81-fd16-423a-80aa-e2a3efc3c886","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"cf992656-2df7-442b-9737-3891ad4eb360","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":"acfc3bdf-d2b0-442b-81ce-f782681e8949","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":"8c2c5247-10ce-4865-b387-f0d6674ac9f2","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":"19ed0a9c-e614-4da0-bcaa-e08a3c14502e","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":"03d6f24e-036e-45bc-b971-e834284e73c2","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":"e6a9d334-b72e-41da-86c1-8cb45bd389ce","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"604d6d56-6a28-40ef-9d27-2013fff32f5e","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":"402db5cd-3dbc-46ae-9f46-1243333b2020","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":"221475cb-c2a3-416c-a663-5cdf609460b4","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":"f94e478e-45a2-4463-9393-bb71a65e8762","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"538ee3a3-031a-48bc-8862-a766ef52c1f9","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"2ee0dda4-d69c-4265-bde8-c4675da68a9d","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"4b923623-d4a5-461b-9c11-d13b0e983b35","block_type":"box","text":"5.32%","page_number":1,"box":{"x":105,"y":402,"width":50,"height":8}},{"id":"5e541c91-3f85-4913-9753-4f7ec2b82eb3","block_type":"box","text":"3.36%","page_number":1,"box":{"x":338,"y":402,"width":51,"height":8}},{"id":"d9676b82-1c9c-490e-8691-8e8119562ec1","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"a66820f4-d77a-4762-97e8-dc5fdae35da5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"8997e17a-b4bc-4058-aae5-3025efe1b644","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"637031da-e1d1-4018-9858-e0fd2fc406b7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":432,"width":53,"height":6}},{"id":"1a378715-7fd0-4d5b-8581-d1e1bb0bd7ea","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"fe52bd24-1832-41ea-81a0-72315526d28c","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"4c229e81-e40e-43e5-a72c-8b6deb544d0f","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"8b803bda-18fa-4a4f-a918-e7dda876ae57","block_type":"box","text":"2.52","page_number":1,"box":{"x":105,"y":512,"width":39,"height":8}},{"id":"ebc12dd5-722f-4a39-a07d-ad9c4873e1d4","block_type":"box","text":"0.88","page_number":1,"box":{"x":338,"y":512,"width":40,"height":8}},{"id":"f564fca0-d07b-46d6-b851-877c58fc86bc","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"048046dd-39cf-4f8f-a279-50d5efff41a4","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"44ab448f-5070-4791-8485-2e517ccf0722","block_type":"box","text":"99.78%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"bfd76826-0b76-43af-b2d1-74024b1905ea","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"f1afa110-601a-442e-899d-b0a33cdf61c9","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"77b0170e-c4cf-4033-a30e-344326305885","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"ebcdfdd8-b26a-4de0-85f4-1b922834f21c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"dd7c26d2-a91c-46e1-af72-26be1e0c60ed","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"c7faac03-1edd-416a-bf40-367dd368200f","block_type":"box","text":"24.70","page_number":1,"box":{"x":322,"y":617,"width":37,"height":5}},{"id":"6279055c-13d1-45c2-8574-8c62e2539a0e","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":617,"width":53,"height":5}},{"id":"ffe9ffe5-1b7f-47ae-8497-db8db2fac28d","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"e1d52fd4-c7fb-4239-aea5-2e3717c2c267","block_type":"box","text":"8.17","page_number":1,"box":{"x":330,"y":633,"width":29,"height":6}},{"id":"7393b026-dca5-42ce-b985-6f1498579c57","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":633,"width":53,"height":6}},{"id":"2fc225de-b6bb-4198-b9e1-72991d01fccf","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"0401b4a1-c2f2-42d7-aec0-afd7f78a8bdd","block_type":"box","text":"372.56","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"88e2fdfe-5338-43f9-8f6e-1eb1716347f1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":650,"width":53,"height":6}},{"id":"69b5fbdc-b685-4227-8053-d66e03357149","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"de3d08cf-50e0-422c-9f76-0c35bcf65ad3","block_type":"box","text":"32.87","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"6a381224-d7fe-49f2-ab6b-d3cd74698cdf","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":666,"width":53,"height":6}},{"id":"68cb780b-2199-4021-bb9b-42761a2388e2","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"f56449f7-9f5e-4f62-805d-87333653575d","block_type":"box","text":"398.49","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"af75992b-c57a-476e-a04a-41d2b1562072","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":683,"width":53,"height":6}},{"id":"a821a07e-ea96-4487-a2f4-a5ad4694f562","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"2ffe6dd7-0c20-4cc3-8899-1327e6fbc5f2","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"55470090-71c3-43f5-8b92-062b71d34a26","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"119d8820-43e0-4fe4-9de5-4ab50e4a9f29","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"cf2c2966-ed96-49d1-b4e0-1d53c571dfa8","block_type":"box","text":"8,431.45","page_number":1,"box":{"x":780,"y":417,"width":60,"height":7}},{"id":"d92e8733-83a0-45fc-936d-38d7fa4b1776","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":417,"width":52,"height":6}},{"id":"c1630eae-7122-4b8e-aebe-b9fbed35b9b4","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"15e89248-2a22-4a13-b5cc-06084bacaacb","block_type":"box","text":"2,788.88","page_number":1,"box":{"x":780,"y":433,"width":61,"height":8}},{"id":"54baf05b-72c4-4995-b878-6e30e026470d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":433,"width":52,"height":6}},{"id":"36f8f1d4-6d4e-42d5-91fe-6c24d2ed0c60","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"ed615470-2d88-4fd4-901f-184d42436a69","block_type":"box","text":"127,184.16","page_number":1,"box":{"x":765,"y":450,"width":76,"height":7}},{"id":"862c6660-f80c-48de-b659-4f3746bee729","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":450,"width":52,"height":6}},{"id":"10f6718f-c817-4e18-bab7-cbbe383f378e","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"0f54a575-4117-4844-9872-c6749ccc2cac","block_type":"box","text":"11,220.62","page_number":1,"box":{"x":773,"y":467,"width":67,"height":7}},{"id":"40c1fe6a-4d05-44fa-971c-e07d82cd5729","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":467,"width":52,"height":5}},{"id":"7b9a0524-7236-4c07-bcd2-116f34f2b14c","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"2e463366-3518-43cd-8950-b3926b721b9e","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"c2eb5efd-cabf-4924-a4c0-466c93a2079b","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"933968e3-0c5f-4d4e-9e4e-e8cbb0de681f","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"1d01235a-b574-4c75-a707-07ef609009f9","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"74942843-4430-412a-827d-fc93ac66911c","block_type":"box","text":"48.73","page_number":1,"box":{"x":803,"y":548,"width":37,"height":6}},{"id":"e0151bd2-1454-4bd8-b21e-a8feb8367816","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":548,"width":52,"height":6}},{"id":"55a017f7-cba5-4ebc-b6a1-6ce4293f4350","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"f94f6439-657d-49ca-8703-afafa4867fe7","block_type":"box","text":"22.75","page_number":1,"box":{"x":803,"y":564,"width":37,"height":6}},{"id":"ce1e4790-3db8-4157-b17a-577e20fd66a9","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":564,"width":52,"height":6}},{"id":"8c9ec752-792e-478d-9ad6-b80cec45d298","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"11a0e70c-7702-4c7d-aa8f-fc396da0af63","block_type":"box","text":"691.37","page_number":1,"box":{"x":795,"y":581,"width":45,"height":6}},{"id":"5e0ced41-1881-48f4-baef-9515d30cbc5d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":581,"width":52,"height":6}},{"id":"3a3ade68-00fc-4681-9880-1f7ec07ab266","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"57032b4d-f32e-4135-b591-1b6fb6cd42d8","block_type":"box","text":"71.48","page_number":1,"box":{"x":803,"y":598,"width":38,"height":6}},{"id":"7bde9adc-5d89-4a36-87cf-96ce8b08e4c8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":598,"width":52,"height":6}},{"id":"29bb4505-2075-4102-af5b-b6e913889935","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"28ff9a02-8f0d-4976-a192-ee9bb4c69735","block_type":"box","text":"765.97","page_number":1,"box":{"x":795,"y":614,"width":45,"height":6}},{"id":"51d9b987-235f-4c10-ae8a-0d588b1b67f8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":614,"width":52,"height":6}},{"id":"ce0d104b-0f0d-401f-ae59-8ef90491efc4","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"17b49765-c222-4a12-831e-41330d60eeed","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"2ab5401d-ad5d-4e03-af51-e096a2dfdb8f","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"ceb4b500-a2ad-4e08-89c7-9eb52c58b598","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"237bdf27-f6f2-4f6f-95fe-b45cb61f224c","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"e7cc5969-c8dd-4351-b31d-9bcee183e571","block_type":"box","text":"-13.39%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"5247d687-7b4d-4246-9203-d35c941d22d6","block_type":"box","text":"99.78%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"4450c1e7-0924-4f0d-96e6-5e806cc42dc7","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"1a30830c-9ab0-48e4-867e-0cc35af86cff","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"5470d90c-6050-4d3a-9ccf-c18de27a2b70","block_type":"box","text":"0.45%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"b2bd9967-3ace-4c69-9afb-899cce828d53","block_type":"box","text":"98.20%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"74f4a417-7d39-41d2-8cd2-5b32951c79b3","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"12c1c822-a639-41dd-8012-d54ff95362e4","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"56064d37-f944-48d6-b323-a2fcd1c8deee","block_type":"box","text":"-0.49%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"9f7079b4-bbab-4d3f-b1d2-20b037294b7d","block_type":"box","text":"99.78%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"f38f6982-4b3d-49c6-90eb-a5d3b22f8870","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"a2427880-7281-4d96-bf36-77e49a916c85","block_type":"box","text":"-1.60%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"ccce09ec-4e00-4a0c-a867-43b6223f9f0b","block_type":"box","text":"99.78%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"d295bfda-0848-4568-8655-0e939c352364","block_type":"box","text":"Report ID: 5649066.1","page_number":1,"box":{"x":362,"y":968,"width":118,"height":9}},{"id":"c79cf353-9d03-47bb-9df8-bf18dac59bdc","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"662e3d4d-8ead-4d5a-abd4-688d2d034032","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"da2becf2-a0e0-4713-b6b4-79a9eac47d7e","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"bcac8490-fe69-468a-82e2-97b3f70fdcf6","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"248eedfc-0985-4b71-b502-9b7c71ad965f","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"31bc8f5d-4317-45a1-b670-ec346bf18af2","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"19fc77f1-474e-40a0-9117-83a24c1df41a","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"376a2322-1718-4e8c-bf4f-2b6b5d5661bf","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"3aa10b39-d552-4762-8935-5dff6c5230b1","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"547f4afc-4f3f-4194-934c-4458f033fd8c","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":"a12049c6-e25a-45d3-8cd5-f0ebfc45bf66","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":"08104efb-7b40-44ff-a79f-0360eb201ad6","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"e5b77148-7615-499f-a786-ca89baa50c65","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"406581f9-a062-47b8-9396-f4b2037acbb6","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"539c4a8d-4a0b-4a5a-bec9-5e5a5ed49c33","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"46544e68-5d9c-4b7d-b008-cb763ab84534","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":"4810f492-6961-4835-a8b3-c41848a8ad17","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"fa2642f1-eb28-41e6-999f-f9ae0c45a0af","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"80933030-75e0-4efd-bc94-6b807eff51ee","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"133367c1-5474-4a51-98cb-8ee5a44452ac","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"3b5b5086-aa09-4b05-9646-bf11395afc08","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"9386cd8a-1a9b-4a30-ba82-9dd075608511","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":"e2d6426f-c670-4525-bfa9-0dadd1bb1bc2","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":"1543b816-fe46-482f-a1e7-5858b7ea59d6","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":"1a8b2d9a-5c9e-43b7-ad72-3e5ca7024da7","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":"dcce200e-9f39-445b-9ab9-9419feabc54d","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":"a0df8a2d-284a-47da-a201-5f97d10bde56","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":"6e27f8d1-59c0-413a-92b9-0bf2e0ad7e2b","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"d8127731-1588-4348-95db-6de5740a1a77","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"b0d695c8-7432-4a23-9732-6668355082d2","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"06043be1-ad5d-4928-aff7-3819c9348f30","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":"fa98569c-c0e9-424e-b564-7859c693a196","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"ff3e81cd-f7c4-47ee-80b8-9c8594f0be45","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"f5cb57b9-bb78-4226-a78f-97a9f44c0807","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":"96d6138d-6fa6-47c6-bd49-add1523782f0","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":"3ffa0edb-c52e-4e8f-9fe5-80110cd4b381","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":"0daba32f-ae9a-4e52-9b27-b1ac89689a01","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":"1937a3c7-0e99-4b28-9d74-a6a91f34c7a0","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":"1636e7e9-55fd-4728-a9cf-05d7388d1f1e","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"4943e796-a492-4094-a0a3-cdf2e782bb3f","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"1af09686-8311-4236-83eb-e85e8b044432","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"36de1682-1be3-4eb8-9069-de9a1a6b0cfc","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":"e5c1e9cc-241b-41a3-b062-701419104164","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"2db070bf-6050-4e71-92c3-2611017fd707","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"3c158d66-0b3e-4238-8365-70737073d750","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":"96042356-82b0-4ee7-acc2-91f410f93bfd","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"9b073605-6783-4abc-a5b9-4a9645d4d6ea","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"0f552c29-008b-4464-8402-165ad597e85e","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"920f5377-c03c-43cc-a130-f852c22c067e","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"81642e05-6360-4035-bdfa-84dc43200e7c","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":"97fc7711-626a-475f-8891-23644d4ea2cd","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"00bcc9be-1ce3-40af-9a76-8b6ad0b642aa","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"f92adc8f-3feb-42fe-a9aa-e6b2c2621314","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"b5f22ae8-4504-4cd7-888c-0b41ce5aebb1","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":"c8fa84fe-10b2-4b39-b898-b157844dabc0","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":"26ac5a7d-418f-41e6-95e1-869196ce9172","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":"f354f571-5d44-46f2-823c-24db075515c3","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":"7c1d952f-ae70-46be-85f6-0a8153fd0642","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":"a5a40d74-9010-4a2f-804e-38f75321fa10","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":"0af605cd-9352-4c1f-8e54-66e7c4c05272","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":"3bb5e9e7-6d89-403b-bdd7-441171be7ea6","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":"e7e8e06a-1def-47ba-8e21-52bdc6caa050","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"1a7b7b5d-508f-43c5-b71a-6fe78c96b84e","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":"d06b7bf3-74ad-4e88-bfc9-67702dd569c4","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"c2b701f7-5f88-420c-afc7-8ab26f146db9","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"7518e3bf-b3d0-488c-add6-36ee4eff131f","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":"f4d07747-54ba-417b-bb64-9d1d098fd7b4","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":"e7e988d9-ba0b-44c2-ab61-17a9ad29c36f","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":"3e44e25c-2f24-4f2d-993d-5c8122371269","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":"ffda2cf1-0e4f-4c3c-bb46-4baf81ac364c","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"d69b5bf8-86b0-446d-a227-8c807c08e9b9","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"e24692f0-5500-4472-b43f-33747b8994d0","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":"308c4f9f-11fa-46ee-be86-35b5d17ecec3","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":"e57bde12-65a6-4626-98fb-dc6e8681b64f","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"e167b5cc-ba9c-4140-9f86-eab7356c7951","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":"cc9c06bb-be6e-44f0-acf6-44d56f038cc0","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"326c85a2-11cd-4229-a065-17276488a54a","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":"91c35b81-ddda-4ea5-87d2-97d823d8e7f6","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":"87753417-43e9-406a-bf9a-b9498851bbd0","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":"5d218dbd-0b94-4d1e-b117-c2cb5258794a","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"ba6a7288-f10a-4390-a373-ae26fcbd23bd","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":"26a74e35-b80b-45f7-9dbc-13ea50cf4dec","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":"c05b5d94-d898-4812-ae6c-0e8ae0991d47","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":"082d317f-7c86-460d-a91e-1bac71d29ec9","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"0a7938ff-f683-4e9e-b974-c3b6c171edbe","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"ccb120e0-89f7-4bdc-826b-5c1418f96605","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":"77d71553-0bcf-4c39-8f6f-aff7d4bb2490","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"8279409f-b76e-437a-bb6c-838c4045c8ef","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":"d6bc14d9-bd6a-467f-83b4-fab616f41154","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":"2bdc0539-6dac-4805-88f1-2e647662722e","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"c907d1d5-2cc3-4fb6-90b9-205289c14441","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":"2d56880b-ae81-4dcf-bf40-448b2b73ac54","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":"79ac11a1-ad0b-4203-bd0a-251b2975cf27","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"994d9e34-a500-4a96-9de0-a8ccb31d4e42","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"9fdc4612-7eef-4629-b65c-40bcdde1385d","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":"45695514-ade1-4ec7-a26a-84973976929f","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":"e51512fb-ca71-45c7-9ffe-231c519e78b9","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":"51612bf3-1b3d-404e-a6d8-5e55012cdf63","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":"78242bde-e980-4de9-9d40-0a08a3b7678f","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":"a3e40b8a-f73a-49af-864f-cdb921c1ff30","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":"688c629b-0828-4ce4-9751-ace628f53c51","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":"6c4c97d9-319f-4967-923b-dcaff5ed6a0a","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":"465a0a0d-ca9a-4199-b524-0823069ff637","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":"7c4081eb-3ed5-4cd6-9565-576f4d5e8a6d","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":"d91cac44-cd4c-47c9-84f0-ff1829373923","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":"832bd17e-b4fc-443f-b628-120aff273466","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":"4e501872-6d36-4c29-aa34-733ab9b3eb06","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":"f5419431-dad1-471a-8adc-722fa205dbd8","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"53a3c023-4acc-413d-acb4-2fd8f75ced45","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"3f0e8dfc-5c20-41a8-bcc4-1165711cd83a","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"1190bed3-7e11-49aa-b475-f7c1dc0c9a1e","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"7d960212-db3b-4c91-afa5-5a57f4335417","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":"ffee9409-043e-4576-956d-4f136dc6724d","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":"d3843671-dc94-4516-9e58-2e1c6e4357de","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"bb5b964d-6b7c-476a-af6f-0afc56760cef","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"1889f17a-206c-4412-a0e1-8f5d97d68162","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"ea63fcb9-9c0e-4c47-b872-4e6102806e41","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"87765b45-6f21-4e2a-9e99-101e030308c2","block_type":"box","text":"Report ID: 5649066.1","page_number":2,"box":{"x":362,"y":968,"width":119,"height":9}},{"id":"3549b010-02f2-4f97-8186-184dbd86db43","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"093a65f1-9525-4069-b26d-ba01469707c9","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"1c35a2ce-9097-415f-abe8-3199d4b4be64","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"250a6ad2-159a-4f97-b139-e1422cd6b179","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"783fd674-1867-4b07-bce6-3abdcf938d73","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"f3883b1e-3f70-43e8-aa16-2835739f0836","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"7c476ca2-ed68-49ae-8467-62ba440e17ed","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"73854495-6939-47c6-b72e-d4bcb80ac44c","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"58a7c88d-a77f-439b-a037-950acd560a1d","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"60a5464a-f255-4136-af85-b1345f830755","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":"7cd9332b-ca9e-4632-94dc-7b272c9ef23b","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"320112a9-b0d3-4b22-9ba4-1e000ebb7264","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"416fb7a0-830c-4da5-804f-4e9ced8efa13","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"ac04aaa8-d058-443f-9f8d-080689edc8dc","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"017f06bc-bdea-469b-8e50-8ebf2d1bfe9a","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"925e634b-3fd4-4a0c-b324-f649559a51bf","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":"c1b0eccc-38b5-42c5-a963-2af865f1013e","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":"544fbcac-a037-421b-b3c3-99c043940630","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":"ef2e8027-a9ae-42ac-92c3-619088ca4b32","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":"3bd0e2d6-0378-4654-9c17-4aa5edfae32b","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":"65632153-da04-4323-8916-3ea38d59f545","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"c3f971b0-469a-4b9a-8829-ca8fae6f134f","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":"a6ce7bb6-49e9-4116-b0e9-c99bd5ec813d","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":"826034b7-4301-45dd-abcc-716ddb3da9c8","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":"f324334d-b9bf-414c-8e47-280f1f1f9dcc","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"363c027a-3185-4a9e-97a3-d8cc3789fa03","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":"99c411a2-ab2d-40b8-b5e3-0fade2272f2f","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":"4bf6ba5c-1795-48c1-a532-4eabf49c7665","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":"1517e650-654e-4c1c-a5a0-b150bbc577ee","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":"68c1448e-5f69-4710-9caf-bcf3698d41c1","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":"a19d0926-0ca6-427f-a8d6-c9835e259d38","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":"5e283663-3528-426a-bf6e-d665570b9f0f","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":"2c63cdb6-b867-42fd-8aa3-1c8633cbb9e8","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":"670b196c-4cce-4c0f-94e5-ee03cfb22f14","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":"6b6f69da-abea-4630-9193-3f8fcde0818e","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":"cac26951-baaa-42a4-bb8e-9fb6799ccd45","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":"b071d540-6105-4433-8e55-69e4399d3d7e","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":"d24d857e-46ca-422f-a57b-12f28e365aec","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":"fc2e815e-dfda-41fa-b54f-305b289c93e9","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":"8d1442c0-6522-4061-b3e8-30f873b8c543","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":"62bbd96d-3010-4fee-84e9-5d72d41e28fc","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"56593d4e-3285-4ca1-b2bb-42da6c9cee6f","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":"6e14574f-93c9-44ea-8dd3-780f3fcc213b","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":"d09cfd14-fed0-4623-b55c-d548bd3afb34","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":"39299f71-0d9b-47f0-b80d-9a64d0ac5b51","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":"e2f9c1be-10d3-4c0c-aa5e-2a819ae2e5fd","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"26da272c-c68e-4141-817b-7dc8ee0d9b9c","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":"300dae40-afc9-4515-8f69-9f9be728b234","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":"328e6f1d-3b1f-4b09-ae93-c581d8471c68","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":"6dca5cc0-cdb3-40a5-8d40-78077e484c1e","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":"6addd481-f69c-46eb-878a-05af92635dbe","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":"67f50463-f011-47b6-88f1-c86c18f8d8f5","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":"89f30ea0-928c-4a91-bf38-ed4745135029","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"916af577-a6df-4685-b8df-f840b34e2723","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":"edf856af-a90e-4ee0-ba40-b58c2b740168","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":"0a50c008-7a4e-497a-a4cd-ba1cc97960d8","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"06e9e7d5-4f65-44c9-a31a-ad1b56eacd9a","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":"974b9e6a-508f-44eb-a102-fda350ebfbf7","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":"e1114732-a192-4298-86cd-ca41632eaa20","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":"364fbd28-299f-4c14-9f96-fa6dd8820efb","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":"b0cffeb8-c183-4943-9e90-9e5509dca181","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":"9063bb1c-0adf-4f06-890c-980af14680c5","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":"e0317afb-658c-40b8-9810-7497b988c080","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":"f25b357d-4d13-4c47-91e3-de96b434881e","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":"931efcb1-e734-4669-af97-0402b90b69e2","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":"6dd1c402-569a-44d6-a1c7-5c9c5596bb8b","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":"98bbbcbf-3fd0-4d94-a108-5abaa9c622ae","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":"a446246b-8381-419b-969d-3589d223dd71","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":"58cc2c96-e791-4e3a-a5c1-7dff483be295","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":"e9516fc6-12e5-4152-af59-c41b6f6c66e6","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":"fb6b09ca-5fd2-4e42-ac69-daefec73233b","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":"5d8f809e-f0f9-4202-8087-be22e2214bd5","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"572fdec9-90c0-4fb6-bcf1-43e42b111d65","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":"35e63cd6-f40a-4cda-8d41-1edc35f52dc6","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":"6e3e8302-9c2a-42a7-8a3a-dd3fa346176f","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":"f6aeda49-4b40-44c7-ac60-70c1b29be87e","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":"aa39cb3c-c4d0-41ff-8719-b6920229cb41","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"85cd1303-2f67-4fbb-b84c-1d086acfc6e8","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"0b138e73-45d8-4b0a-a3b3-d79f0212c2ba","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":"370e259a-04be-45fa-825c-0089817f81b3","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"63fb10e1-af67-46d6-b34f-6b857b873540","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":"089960d2-47e1-4bc2-b4bf-0eb6d669dfa8","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":"8da96b1e-3b51-4fc3-ab14-e2de1cc89913","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"ddc287de-258f-4e7d-a776-032c290f7f5a","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":"75742e7a-f9a2-464d-a457-f092af24b3b5","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":"809d4dfe-062c-4188-a8e8-678e1b45257a","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":"ca349a60-d93b-40ea-9741-50341ba82c46","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":"4b2d3b86-7192-4fb3-9c8b-033664987ede","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":"2b3c1a0c-ad68-4d2d-9dbe-937d62cb7507","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":"4e32951a-b3ff-4649-a35d-6673ea5c5d6f","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":"9eb0a2a3-d5ee-4690-9795-995be341acce","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":"a52d2d51-7898-4fa1-929d-51b9d22685dc","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":"60ec6f0c-1de4-4e4a-b4cb-78b6b227e2c7","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":"72658d03-70f4-434d-a362-30a9ba4d4012","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":"66181251-cfbc-457c-a863-5ab0179898ab","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":"b81d61de-0903-430c-9fa5-02bf8921fb55","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":"fa3b4ee8-097f-42dc-b487-e0efbfb425f4","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"89f22040-b138-440e-8bc2-2fd3f028b19f","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":"515b67a1-2c14-4ea8-8a0e-214928b7e583","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":"57c13430-cf85-4666-9d33-9acf2e1e2630","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":"70325036-1d4e-416d-95cf-3e9ef4d81525","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":"cec6b8fe-d698-492a-a546-6be19a21e0f9","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":"d37b2cf2-2471-4eb4-832f-6fdbbc1b14bb","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"bf242084-fe36-4e5b-8c10-b32507fcc5ec","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":"abe3bc71-ddc1-481a-8803-b27beed63c88","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":"2f9783ef-f948-4202-85f9-433630c4e37a","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":"d13b2246-8a24-4964-9a94-66eb47964cdb","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":"f42bb1bf-cf71-47f4-b976-0d54d0303415","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":"5b52f8fc-a896-446b-ab7a-a31fdd9089f0","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":"afd8ade2-abce-4114-9b64-759d2b23334c","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":"8acfa62e-4d37-4bff-9c98-0225946a9c8a","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":"1316ea23-764e-4477-8ca0-a20d33b52ef5","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":"9514187f-393a-416b-9a4d-15bb1c9ff84f","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":"da21054d-4429-4db8-bd87-de1b45fa116d","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":"303a905e-8f65-438e-ba3e-6f510cfe78d3","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":"bf1c737b-7fbe-4588-ac2c-4a9cc15edd98","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":"216527b3-b7a3-44f5-8811-ef6b1356a398","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":"eb13be9c-ff30-4b74-820e-17b62bea289d","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":"f58a0e45-ecb9-4a81-bd28-6bc38179e328","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":"79ef33db-127b-4c73-9c2b-c26490ef8f8b","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":"754324ef-cd3d-42d0-b29d-34cdd73140c3","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":"610c6f7d-fbb6-4f74-9778-22b9df9e1035","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":"ac910e68-b357-4a11-98fc-ab085e0c0a43","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":"e06724f3-3113-4a83-9066-7949f2f33e04","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":"1127f7eb-7fb0-4026-9620-f1d3099513d6","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":"0d61150c-8b5d-4c01-84cc-f594bdecd468","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":"84c08401-d21e-4207-91c4-c7b006ffd946","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":"b5d1bf69-aa4d-4bf5-a905-799e3de2cc7a","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":"34ae6f65-1dff-43c0-a543-e94a21c8841d","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":"0d1bbfb1-257e-493d-a1df-75035148803f","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"22a23289-4874-49a4-a5f0-6c90ee4529a0","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":"384e4f72-70d9-41f7-bacd-d34ef2f0b3d2","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":"3ec27b33-54fd-46f9-8946-cc53f43cb9ff","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":"89877dd5-2ded-41c4-9c75-4beaa78eeb84","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":"891f6d3e-3ba2-4298-b234-0b97bc533ce8","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":"db6e1dc7-8e81-45cd-8cd2-a62e76be81f4","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"0676b6bd-e161-4d74-9793-0a8460981c0e","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":"4b85b740-97ac-4c62-a567-2331b3ab6708","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":"c61de8cf-819e-46cb-9de3-f1a586e9c313","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"c3168761-d062-416a-a677-70ad23d820ac","block_type":"box","text":"Report ID: 5649066.1","page_number":3,"box":{"x":362,"y":968,"width":119,"height":9}},{"id":"8fc66e4e-06e5-48a5-ad99-0244dab56e2d","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"01046b9e-4f51-4109-b919-88caaad58096","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"c4bd2f17-d349-4958-869d-81fa7879b01d","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"0f9431be-bd8b-4e3f-9d21-6c1d871f78dc","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"8e9ea404-412b-4dd9-91c0-6272e7aefc4d","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"e2cba097-ddbc-4c0d-a3b3-a7d9318c4f23","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"9dbce28a-64ae-4efa-91d6-0e7b340c2283","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"c399ccb2-c7fe-4536-9fd0-a99b3c117f8c","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"a9c11950-b2c4-440b-b5df-bbfade7ac753","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":"38a0a12d-ebe0-44e1-a02e-f51598403565","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":"95f335b3-3c59-4938-b27f-61d4c76de5b5","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":"910c314a-e99f-4352-8a12-196957e25702","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":"3b505166-ac5a-4346-a095-426a9e4864ae","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":"1852446e-962b-4e01-abc9-b9ce11b01201","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"6aa02c06-4dc7-4549-a3b5-11bb0c51e5c1","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"2c47a7a1-4f33-4eb3-9fe3-cd2a9df5a24a","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"ad18dda8-d596-4aa7-bd74-74e5f7823213","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":"852c4ebc-3c6e-48c8-bba3-8055761fa8f5","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"acba0d62-68cf-4773-908e-ea7539d75e6f","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":"8a9f3981-539c-4c07-9599-011e6a1704f8","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":"075b54c6-835e-4a02-9233-2738da387c2c","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":"8d0712a8-f730-47bc-b439-913ec1e24f66","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":"270c6b85-9f6b-4ebb-a19b-8ad433671ea4","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"78709954-1251-4e90-ab82-dc5a7b6f64b7","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":"aadbd544-6c49-475e-b68b-7b1754a68551","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"92db2878-9a78-41c1-80ce-7b91dcd52a75","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":"f7516035-cbf4-4648-83ba-c0aa7dc491d3","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":"257d3fbe-38d0-47a1-9632-667eef8b5746","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":"c4b13b89-3a7f-43ed-893b-96b1f72b85b5","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":"884aa89f-8d94-431a-aeaf-59d3fc59ee3d","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":"393c21f1-8480-4744-9041-079a3c5c6d17","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":"a2e003bd-2145-4c14-af23-4e4624a56a8d","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":"76027e32-d504-4e8c-81f9-d2127fbacd16","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":"6c529db5-4a5a-4f00-ab35-8aca53c8593f","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":"8007eeed-e4e7-44dd-a1f3-820b3146eab2","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"ac220b67-fb4e-4b8b-84d6-2a3f225a3b87","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":"a32a9183-b319-477d-995c-6acf76afa51f","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":"3c6fd198-a8a6-4eb8-8f9c-9a86eb517ecb","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":"bb19e92e-483a-4010-aa7e-a5699b25793d","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":"bdb19424-3193-4175-a62e-c9e21901243c","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":"0d8b7d01-e72e-46ad-a416-2946dbda3da0","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":"a0eba2b4-0dbb-41eb-bebf-5d95f231f914","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":"c69b739d-a5fc-4aca-b136-6ec9c9bd57ff","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":"935b5362-fe84-4aca-a85a-3a1533f2f337","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":"483c4bf9-4f77-42ac-9f58-3358c80c6ecf","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":"2102133b-ca7e-437a-8095-c3215bdd4e65","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":"572d8ce9-836a-49df-a4a5-e29ed162c227","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":"81e4620d-8a51-495c-b540-b45b1c9506a9","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":"936badb1-4869-42b5-a073-a05b77e4ff3d","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":"542cd95e-4fea-450a-8f63-30f968e23f83","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":"d90f152e-8996-4cbb-aac2-fa75a0321b02","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":"959e381a-cd4b-44fe-a5e1-c40cf0892a33","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"ef00c922-f964-4f74-acca-85295fa8dd31","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":"4edf357b-b931-41f5-bdde-709f0d306f41","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":"4c736ec2-8fb4-4d17-b988-413957aac617","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":"5cb4ed0d-73a6-433d-b229-32641381a322","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"0cc48081-564e-41af-9727-867995edc1ee","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"95038089-a07f-41e8-8b26-b44c27519e14","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"e4ab261a-25d6-42c3-a223-ae08f951ccbe","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"c63b0f51-a71c-4947-a1d5-fb23fc8a336a","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"443f050d-dc3e-438f-81aa-e1b9373f1db1","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"aa61345a-74f3-463a-98ca-2bc7d124256a","block_type":"box","text":"Report ID: 5649066.1","page_number":4,"box":{"x":362,"y":968,"width":119,"height":9}},{"id":"10ed1e8f-f35d-4bf6-aa44-7d3509a3b192","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"0390c40a-6705-4771-af57-6b869b99d4fe","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"8e2fcb2d-0a70-4e7c-8da3-23c2e4c4825f","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"2faaa1c0-de76-463f-800f-30c3239c05f0","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"fe6c1e2d-2bc6-492f-a54f-b159dc295f54","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"335e08c4-8736-4b1c-8875-2e00f8ffc573","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"0ef96be3-f986-4dbb-9ea3-fb9216325fb0","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"427fe2f8-ea70-4c0b-9efd-64c71dc273de","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":"a2e981b2-2179-4f6c-bb52-ce6289c3001f"},"user_id":1000002,"date_created":"2026-10-17T01:11:26.830000Z","date_modified":"2026-10-17T01:11:26.830000Z","private":false}