{"annotation_id":"ceade684-4f20-4baf-a728-32c5bb9b4300","file_hash":"405ac9cd5ad36fa7303c5d46912c0e7b23cc2b30c278e97262b6a088883b80e7","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"98a64743-8b5a-4e40-ab8d-5dfe0e327c08","block_type":"box","text":"State Street® SPDR® MSCI Europe","page_number":1,"box":{"x":51,"y":71,"width":586,"height":23}},{"id":"7f4fad78-b8da-4010-b1d2-a5b21be7461f","block_type":"box","text":"Utilities UCITS ETF","page_number":1,"box":{"x":52,"y":105,"width":327,"height":19}},{"id":"cae44a32-c8d0-4df1-881d-a13e997b2035","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"d96bd261-f4d3-44c8-8914-29b1b37842c4","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"59beb719-79c9-4cd1-9a38-1a85a64e0f28","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"bf2a6d52-06c8-4f28-ad20-4be4c61eb486","block_type":"box","text":"IE00BKWQ0P07","page_number":1,"box":{"x":754,"y":107,"width":90,"height":6}},{"id":"0a884a79-58ac-426e-b920-217f5c8014c9","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"01039620-4f86-465f-a96c-37019f0190c2","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":"e7a3e0be-2f3f-4b00-adab-b13725113158","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":"2c98bab1-ff8b-4ac3-a22d-f5c71845dd33","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":"6fd86e5a-95dd-4357-acc2-39b063bfe73f","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":"e1bc6e1a-b634-4e7f-b211-37daf0a051cb","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":"87471ead-d675-40a3-8955-4c1cd335bc5e","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"ca6a45cd-cc20-49d7-b810-78a4affa8fa9","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":"97997802-54e3-4ac8-aa06-d92c786e43c7","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":"9b86fb1c-9cfa-4183-8c58-158577386fb6","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":"473e7407-a475-4054-b7f1-1327744a69e2","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"b2088758-811c-4a93-9ad5-22c564c2e9a5","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"a11d71a2-5bad-4ce1-83ab-8f7a39f90c69","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"3816b2f7-dea7-4b03-9f0a-04c23b40e05e","block_type":"box","text":"20.88%","page_number":1,"box":{"x":105,"y":402,"width":60,"height":8}},{"id":"71f97707-df41-4a58-af9a-f87c4d219de3","block_type":"box","text":"24.21%","page_number":1,"box":{"x":338,"y":402,"width":61,"height":8}},{"id":"8edb8c8b-8913-4c5e-bcd6-95b7664ee5c2","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"d91d76c7-4d9a-4049-bef7-1e5bfc6773c5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"470ea1bf-5a23-460c-877c-88d7f3169c48","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"b969ac6f-2134-4439-84d6-868843580cc8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":432,"width":53,"height":6}},{"id":"7e28b550-6ce7-496c-ad1e-8126814488ae","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"9fd812ac-e811-4007-91e1-30cdc56ecead","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"0dd45cbf-81ca-4dea-a1ed-9dda5a7c35a4","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"9587cb24-ad1f-42c5-a48a-eaa42fda220b","block_type":"box","text":"1.49","page_number":1,"box":{"x":105,"y":512,"width":39,"height":8}},{"id":"b5875e56-3939-43b9-bfa4-928ee507699e","block_type":"box","text":"0.04","page_number":1,"box":{"x":338,"y":512,"width":40,"height":8}},{"id":"a9ad46f4-0f37-493b-a01d-9d31481a4876","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"1aac241d-cad3-4902-a613-6d51478481c0","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"5dd9a4a5-d23a-4066-9399-bb9ac87dee83","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":542,"width":53,"height":6}},{"id":"bfb6eb5e-4d3a-4e63-ba9c-32aa3cf3a395","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"420c260a-777b-4ba3-a5e4-1a20fe9c25c7","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"ba4ab728-4dbb-4449-ad4f-19f9b387d735","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"3e9c4a69-f381-4143-9b79-f2f8458fe1a6","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"866ec423-ab17-4741-adbe-7fbfb863b7ad","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"4fe60c6a-676c-4d3a-9e55-7dc88ba164f2","block_type":"box","text":"111.66","page_number":1,"box":{"x":314,"y":617,"width":45,"height":5}},{"id":"d26959ee-d4b4-4749-9a5d-0026719630e1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":617,"width":53,"height":5}},{"id":"0201693c-4c44-46f3-b580-34cd901edfde","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"25c484c2-79e6-4123-bcbb-0b9ecebc16b0","block_type":"box","text":"12.74","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"fa13237c-7c3a-4566-9d9b-10b56e8f7c0d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":633,"width":53,"height":6}},{"id":"3b0a3fd5-2c09-4831-8808-a8a716e46de2","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"c84fa27b-431a-429c-bb38-24c27a47a262","block_type":"box","text":"400.62","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"6dd10cb0-7cba-413c-9e00-5f11c01d7033","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":650,"width":53,"height":6}},{"id":"2a7e6569-1184-4f8a-9376-4cb55d88487d","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"819a091f-8023-4009-b6dc-829667907720","block_type":"box","text":"124.40","page_number":1,"box":{"x":314,"y":666,"width":45,"height":6}},{"id":"56223005-982a-4bcb-ab7c-3a6bd76a2587","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":666,"width":53,"height":6}},{"id":"d7586715-0b91-4350-8546-0064081fce3b","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"9e7e9408-bec2-4086-be4f-ebb0a3fd6951","block_type":"box","text":"550.37","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"1a991d82-6ad5-46f9-83fb-79bf45fc0ece","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":683,"width":53,"height":6}},{"id":"f14c7483-a994-4b4b-b220-b4e35f2fc7ea","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"f0b4b1a3-55e3-4b5c-939a-f8399131c386","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"b69ae45d-26bc-4ddb-9341-6bb425d89e5a","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"11b9b71e-d124-4f1a-ab0e-6c84c1af894d","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"9a81d85f-0728-4752-942e-8f00324ba412","block_type":"box","text":"103,642.54","page_number":1,"box":{"x":765,"y":417,"width":76,"height":7}},{"id":"51c6f863-0bb5-4448-93ba-cf7031514a56","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":417,"width":52,"height":6}},{"id":"dd565be4-b239-4c94-a33b-a67eabbf474c","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"17c5bb2f-de2b-4d5d-ab41-bc2658d6d73b","block_type":"box","text":"11,824.58","page_number":1,"box":{"x":773,"y":433,"width":68,"height":8}},{"id":"27b76987-a7dd-4cb9-80ba-2ee835964fe6","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":433,"width":52,"height":6}},{"id":"7c71c78c-1f01-4dfb-ae77-ec5943e0370e","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"f88ced4c-6703-45e1-a2e8-673bb4df0dfe","block_type":"box","text":"371,854.94","page_number":1,"box":{"x":764,"y":450,"width":77,"height":7}},{"id":"5d175e8c-08f8-4f01-a64a-ab09266f1b66","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":450,"width":52,"height":6}},{"id":"d643e59d-2289-4e38-b87c-6d1b3413582b","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"8618b392-5584-4a8e-ad21-79418ad40edd","block_type":"box","text":"115,465.81","page_number":1,"box":{"x":765,"y":467,"width":76,"height":7}},{"id":"dba0a9e2-bf58-4a92-8f1d-86341694b58c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":467,"width":52,"height":5}},{"id":"ccaee298-0f63-4e68-a5e4-0aa8ae76954f","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"2cc23c66-73cb-4433-a049-17b31495f990","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"46821cce-79c0-469a-8c8e-f08128467401","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"09f4658f-5cbc-4cd1-9b40-5b2f3e7fd5e5","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"e43e65ac-c602-4c6b-b0d4-1bca05f726e3","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"f384b9f0-23b2-41d8-860a-2b2118a84526","block_type":"box","text":"324.69","page_number":1,"box":{"x":795,"y":548,"width":45,"height":6}},{"id":"1163c06e-068b-4769-9975-1aa42b7ca650","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":548,"width":52,"height":6}},{"id":"67b89a11-c851-4eb0-bf39-70914b12514f","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"c8023253-64e3-4bb0-9b23-6a2ac30e92b4","block_type":"box","text":"51.26","page_number":1,"box":{"x":803,"y":564,"width":38,"height":6}},{"id":"333bf994-b4d6-434a-99e1-9b3c481accdb","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":564,"width":52,"height":6}},{"id":"ec287ab7-9be9-4480-811d-57d626f2dcd6","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"2ca3052d-2be7-4053-8c47-13edf52ec622","block_type":"box","text":"1,000.13","page_number":1,"box":{"x":780,"y":581,"width":60,"height":7}},{"id":"afbdc7f0-5366-4b1c-8de8-dc0c4bfd7753","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":581,"width":52,"height":6}},{"id":"2a899ffc-522d-46c7-9c27-bde835fd034f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"617cb8fc-8f8c-4c49-83b8-a0c44b46f517","block_type":"box","text":"375.94","page_number":1,"box":{"x":795,"y":598,"width":46,"height":6}},{"id":"aedbc9cb-ecfb-4d8c-b263-5c1bc1282120","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":598,"width":52,"height":6}},{"id":"4b08274c-0a30-43ad-bb18-0f8e2c9b2390","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"3ef5c1a8-324e-407c-8aa5-7e730721ad22","block_type":"box","text":"1,413.26","page_number":1,"box":{"x":780,"y":614,"width":61,"height":8}},{"id":"5df3a269-a285-427b-9b67-ff340cc4db20","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":614,"width":52,"height":6}},{"id":"aea5c91f-f564-4b4d-bfad-19a080b335e9","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"19c90404-90b1-4c41-a8ce-8e6fbdf35154","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"9da97088-5a07-4b87-ae90-3e6be7189d92","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"cc66dbb8-59c5-48e4-b72b-ab9c6d516c14","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"ec6ff542-132c-4442-88c4-aa65db13822b","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"57c4b164-2b1b-4091-a5ba-2955571f15e6","block_type":"box","text":"-27.52%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"a5b0a036-176a-48f2-a3c7-be8416893756","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":696,"width":52,"height":6}},{"id":"5d0de1b8-fa9b-4113-a26b-b411d0f75d24","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"5309abda-af39-4509-b09b-bbb902b95200","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"7d0ae89e-4902-4739-a27c-445a06d3f102","block_type":"box","text":"8.61%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"f1f51cb7-6496-4212-b398-764469f0befe","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":730,"width":52,"height":5}},{"id":"f327c05f-451c-451c-b0a2-6d63d687d1f0","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"43ce3bf2-91a0-4363-acc9-940d9f3ef724","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"2fa4cb19-f45c-4915-b26c-2f0e66956432","block_type":"box","text":"-0.68%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"1c9b3220-505c-46ae-b42a-ad2d97733035","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":763,"width":52,"height":6}},{"id":"291b77d6-d9ff-464e-8ccf-e536b7ecb226","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"16205e0d-0501-46e4-93d8-303e659b000b","block_type":"box","text":"-2.12%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"4269e808-4784-4eaf-bf77-d8c221ae0cb7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":779,"width":52,"height":6}},{"id":"dbf651ac-290b-4f2c-8ced-0e165cb3680b","block_type":"box","text":"Report ID: 5593057.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"38e1c209-558f-4367-837b-d86c5ccae2d8","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"c91b1b4c-8c2b-4d67-ad48-d9919514c4ca","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"1457ebe0-7df7-4c48-bb20-4accf4c1282b","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"b7f48786-0145-4661-a0b0-7667a73df08a","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"3782e6f6-bceb-42c2-8e51-f9ff51834fd5","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"c38a06ae-4fad-473c-af0f-9f5e296ae375","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"6837a206-ce0b-42e9-9b69-3e5f896ecec9","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"13424020-3fad-4fb7-a255-4da079e920a3","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"ff67a727-308b-498a-97a9-02f87ec70e7d","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"6c907e81-b6e8-43d7-8c71-1d620a394f79","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":"b9d8c97f-ef40-4045-a29a-512e235b4283","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":"638790de-b64b-49e6-b7a7-0fac344d21cf","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"d2fb7456-e742-48e1-ad19-89593f03a5af","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"16121328-d776-4e8c-b664-b3a3b7ba3a61","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"40990c90-3ae4-4df7-a5ed-6ecbc4265424","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"35168037-b58b-4827-a730-cc9beb7265d5","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":"854d4ea5-4d09-4ce9-8075-a850b647e81f","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"837fe856-95c3-497c-8d10-89f164765a58","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"435fcfa6-ed87-4b2c-b177-014dd29f8d00","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"fedcb44d-ecec-4206-9f8c-e2e89d87d96e","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"7d6ccba5-1d72-40cc-827d-fdcf18a0f847","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"8bf2bb89-4943-4d70-8638-5a1841c76aa6","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":"df6e4345-acf4-4c42-bc0d-06d89a9015aa","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":"c9d5f796-74e9-4479-87da-3e8f4a3e3545","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":"3b408351-97c0-4804-9ed3-70a93e002e28","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":"84cf5840-a0ff-41ef-a9ec-6a6011bb3f2d","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":"70221f81-1d30-40ea-b820-3476be26459c","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":"ab08e190-e722-4027-bee5-5aca432119f3","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"5f981fa1-270c-4def-96d1-8d5b6e010b0c","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"90c3bd5c-9524-4ec2-ae0e-2e589fe37666","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"98049066-3e1d-4df5-b381-2c953b8d54ff","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":"d062246c-8d72-4cee-9315-c86e92c2cd7a","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"868066dc-c1e3-483f-9e1d-e8ebd020b937","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"d22157d8-da61-4e29-84d1-47681f509501","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":"08dc741c-a4af-4ba5-9d16-daf8e32ec22f","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":"dedd16e2-c883-49e1-b1c7-6cc9f4b8133c","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":"1afa8d36-e41e-4ff7-9277-6a6528d91b71","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":"42124f29-0ea0-4a7e-ac60-9c1d7eb2c696","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":"38b809a9-78e9-4ab6-9f67-9eaafa162d6c","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"cff93f64-3b80-4a3a-814d-61012433e96c","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"283f99ba-8734-4e6e-bba7-5c74b88633d8","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"4976714d-c39a-43ee-9ee5-f609b2bf92e3","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":"e1314223-9915-491c-b33b-959a86971505","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"92cf5612-2b32-4b59-ab0b-db31625a2a90","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"97022216-0ed7-42bf-b6a9-34391d803fac","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":"ad01c663-22cf-447f-ae23-eb7187ebeee1","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"5ac72733-1575-4710-ab8a-3389143c3c4b","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"fd33a907-0445-4dc3-88e1-b8db85338779","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"9990ed18-c86e-40c1-8b93-832a8f3a7308","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"7bbfa7e1-9c41-4a64-bdd5-4f713aa839e2","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":"770b6cf6-27e2-40e5-ae8f-d14d02b3b8b3","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"e8d0f849-9e80-4d0e-896a-886d4135ff3a","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"67636f20-60eb-4744-9cf0-e20ee99811f6","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"37360f73-ccbd-4c34-b0ef-124328447496","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":"570f3758-7e01-418f-b757-1c7de9c70bfa","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":"86e676da-5385-4019-9818-a8475728a559","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":"78fd7eca-f1ba-405a-a628-c74869484dcb","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":"34aad585-e4c6-4797-b157-0261a971cbe7","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":"74d39606-b6b5-4be6-b63d-8c460ea2366e","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":"b0c48020-d2fb-4134-aeb4-f8056557b381","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":"90b3745d-5a83-497b-b3a4-4a7875496ec4","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":"b32841d2-c4ab-4915-abb5-a32dfde528d7","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"4528a061-c5a9-4786-82a0-09a675b44d4e","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":"cd93333f-08b4-4e05-be7c-d9ea63e187e0","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"39d15f55-30f3-4eae-9f0b-e9d8a886dee0","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"e3dd7a45-151b-4e62-b7b5-75456303a72b","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":"5b05acd8-d343-4ce1-942b-909b3d2f3e2c","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":"9436f41f-9586-4017-83a4-58e3b092df67","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":"b5eeab87-5dd6-4fff-ac07-98533aa5599b","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":"231902c1-f8f5-4871-9993-0f111a1b5ab6","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"8eb5a16a-3d2f-4ba4-8ac1-67a782041f4f","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"1182ab99-8ec8-4648-bcfe-f5a6ea6abecc","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":"572808a6-ef7b-43cc-a070-148111888918","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":"0e0106af-aa92-4a0b-988c-77dbb032d62e","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"8964e99e-2494-4cf2-bba4-b3ab68d633ab","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":"0ec3e9a1-a190-4c38-b8eb-a94cf2e4c514","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"7d3937ab-ab3b-4b28-a0bd-c68dbaf5b746","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":"fbfc9b80-72ef-41d9-b1ff-6b63be0075f1","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":"8c330519-a60e-4a46-b589-b6b7ca0bb7e1","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":"66f5c6d3-0411-4d64-a958-c21065c6fa5d","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"cb76b550-74bc-492a-aa75-692e0c5f65d0","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":"fad69658-b93a-4b67-aed0-75f0da8ce999","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":"b4bd4abd-6126-4eff-bb35-96968d3d67d7","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":"8cf2418b-5fca-4184-8c76-1e87338e2b52","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"581ae1c1-0149-4d01-8ecf-57ca85c2f760","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"856897ea-7647-4fa7-83b6-915d30d36672","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":"349f2857-a176-4704-8da0-0bb84f8a0e29","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"97ae71c4-2f31-4f19-86ac-b38fa9e3bb75","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":"3d095ead-2ab2-449a-9317-66086a9b70bb","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":"059d2eeb-8a8c-4e2e-87f9-f450c1c8317d","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"9e863794-e6ca-4889-8f60-de81d4983e41","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":"c6d81324-9141-43fa-8ef5-79ed9a1c5b83","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":"9f4b3c5e-5e52-42b8-a5a6-6ec916777b0f","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"ca9ccbb9-0abd-44eb-ae19-4fa36ab8d58b","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"ce78d5bd-2d82-4319-bc07-176681a1ae22","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":"a37136cf-8d09-47c6-821d-b773f02f6fdb","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":"dc028c23-85c5-4a04-8d9e-0ecbbe465cfb","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":"d3cd7e26-5336-49ea-8290-86a43f3df79e","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":"517ccd16-f402-431d-9f63-cfaeec575b44","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":"15d165a6-ca69-4f1a-97f7-2e89e290f252","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":"b3d23f3c-00fb-4433-89fb-42add9bf39ae","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":"aba6d67c-e0a9-474d-88e9-e89a0a2af191","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":"0db623eb-df52-46dd-aa82-6534bc9f40c3","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":"3d069aaa-1605-4dbb-9e98-98a720b37814","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":"292e76a3-1ee0-43f4-b35a-390f9a80f3c3","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":"2ac56ff9-1ac1-4aa8-be01-0ccc70b5178f","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":"e7d764d6-edb9-4d69-9722-02673e9be455","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":"7b9752a7-c3ed-434f-a673-5f0e0464a8b6","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"d32d03b8-81b1-43ae-9f49-7f9fa6c6e0aa","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"81d187f4-6d1c-4e50-bfb2-975274493f12","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"b1126c34-635a-4492-9b75-85c14141b783","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"af13628d-7a5a-4553-8b61-6bfd06d26aae","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":"cb865d68-585c-4e37-be16-a3e35a98bc04","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":"94581a39-fd6e-469b-b5f0-79dca83d1262","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"a56d0b73-0ced-406b-81f4-7f960e2a37c9","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"75cebc1f-a889-4794-a996-2403a4f479dd","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"b016156b-fe52-464b-aaed-015ee7facbfe","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"cb8ce5aa-20fd-4a04-8e23-f1da1dc63ddf","block_type":"box","text":"Report ID: 5593057.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"bad3bd0f-dfef-4235-9f05-60cb462f3a19","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"18cd6362-9398-41d5-a260-d1e79da47595","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"d916d0bc-f0d5-4927-b426-6eb436cd9479","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"7290c3d8-af12-4034-9a5a-c9420efe72ab","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"95c8a924-ffb2-4161-ba42-2c314986bcb0","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"eb084a20-8958-4dcd-a594-4bc10b95aaf2","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"0baca14c-15a6-4dbe-87c4-a7d75799e2e4","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e21f423b-23c1-45dc-b4a1-cae6723950a7","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"3c827462-14c9-4a50-9e2c-67e634bc7d46","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"d2ff9f88-3b59-4481-beb1-82fe01c66431","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":"46d101df-7be3-4fa8-91fe-ae3b466e94f2","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"3ac945a3-ec0c-437f-ba41-ccfcf775d0e5","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"eee236c2-4ded-4a7a-aee9-cfa4bed7e1cf","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"bb5d45df-9ec6-4ef2-960b-7dd5f5e2fcc6","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"487adad3-15f8-4253-b9be-8932be3e14a6","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"aec147d7-abbd-4a7d-9b12-c8df1556beaf","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":"890c8173-e0e7-4daf-9aaf-ac263c2e6c77","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":"a9a5d897-f967-47d4-af4a-592e51ccba9a","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":"9687d87f-7384-439d-926e-1804df7698b0","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":"cc547424-9d48-4d53-9d35-56bf7b618317","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":"db32e4cb-6e98-4048-815f-3c1f280e6ef6","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"3e7acbf4-5934-42f8-a1a3-b7dce545124b","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":"0e4aefa2-d064-41e3-bbaa-e67199f53304","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":"e995fd06-76e0-449a-9dcf-2face1f0febc","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":"a7de21e1-c764-4c09-9edf-687c91d027ac","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"df5f4c10-42c1-411b-a786-45bd6468390c","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":"81643efa-951f-461b-a22c-65110e0c765e","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":"7cb85bd1-4372-4e05-8873-a12f10f91fac","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":"225c0904-2b3d-4c64-8f81-2bc35925b3a2","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":"d363454d-0d49-4db8-93ea-d31132640ecd","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":"f4dece2a-cede-404f-b361-971026a23106","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":"4093394d-b50e-4998-87fd-799f0b0c47c9","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":"5289249d-921d-4751-86f8-68f04d0db826","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":"5712caef-e907-4281-8b4b-255dea282cda","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":"787e7488-0eef-4633-bebc-912e7b294b21","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":"6e70fb5d-97f1-43ea-a7ab-fba97d098aff","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":"7ade4af7-6018-4f7c-9223-0baeaddee330","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":"552ae4d0-7ae1-46c8-aa50-a16dc0cae5e8","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":"45aae855-e3c2-4073-b1cf-d8ab7def8191","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":"393d76bb-b4ce-4449-9bd2-09f9c8bb7a57","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":"e58bff53-449a-4000-bfd2-5b89bbc22ecb","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"c7a20f18-4f88-464b-9a36-b8bc0dbde4eb","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":"2833e500-f566-4e76-a416-e0e6ca87a948","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":"5c19d567-59d2-42f3-a24f-8ff8f9d260f7","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":"35cd2d1c-00b5-4a7c-a83d-4d3d1cc4aaaa","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":"0c5a59c6-8626-492a-a044-98dc89dbcc0c","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"ca1f0304-1cd8-46ce-9b2d-e4dab9f90b88","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":"0df39769-9605-496c-b9fa-74532ee07807","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":"bc1ddf61-8b12-4e92-b4ea-c606a1ee4d29","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":"b0e9d539-0740-4c36-88fe-7927fd15b0be","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":"7e5d7f81-2d38-449f-8ec9-9ae63c8ce217","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":"b7995e86-8118-4884-a885-a2b7ed880962","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":"38aa27e1-7a95-4093-b39f-693d79deae8b","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"904d9ddb-d4aa-4aa3-9fb5-4310af26c3a8","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":"7e466863-9641-415e-bf10-ab7e936b2ece","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":"831742ef-f5d3-4d58-89d5-ee504199bb9d","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"df62c40c-6366-44f8-9752-eb8d7a409268","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":"c74707ac-daac-4674-9a62-2fe4184f1aa1","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":"68db0a01-687f-440f-8773-2931eb4c4724","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":"f4d62d4c-d667-477f-a0d4-50e7edec1757","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":"172a012e-c141-41ca-bd2e-b6fa752a9ba9","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":"0c5b8e8d-6005-41b4-8be0-52f01ed6a6ee","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":"81cca5e6-66d4-43eb-ac9b-2a2a4359243a","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":"452e7d28-e058-4aba-a8ff-7cf6e8825e38","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":"8a8e12d3-9b61-43d0-874d-2c1e3b1f1a55","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":"454b97cd-82bd-49b9-b264-0d1e8a000cfc","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":"4d69bc38-b2b0-4805-a1b6-d504da10cb68","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":"f2a2cf9c-f7bf-4d32-997f-234532ca6202","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":"a4ff659b-2fee-4d9d-a0da-e3880a5456d4","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":"b836d96c-8296-47df-9568-4b227b2c7a09","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":"e6c1b627-150a-4f29-8f30-3815c18d1bd5","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":"053e345d-84d8-4234-b771-5b6fb84ac241","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"aca91012-fde4-447a-9906-d97a9b93873d","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":"db3c4ea5-eeb2-4713-b5ab-d3e999a374cb","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":"359fb31e-e4bc-40da-b397-3fa49315be5f","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":"605eff34-251a-4155-8166-d1dbc025c12b","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":"9c2c0d93-0bd5-4696-adf9-65b664e0a48e","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"beca35bb-e70d-4742-b2bf-9ea8b50e19d6","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"11bb78fa-4079-4d53-aaac-481f1be7d86d","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":"e3badba6-eefa-426f-9706-c2be6ca93719","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"762348f0-e691-4f4b-a5c9-f021fc011f66","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":"a3818a00-1dd3-4989-b763-3b684fbeb07b","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":"3bedf640-2ccf-4e88-a18f-49ea97961586","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"864c6cdc-5d9a-495d-acd7-de1bdc76e24c","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":"5747c3d8-d729-439f-a6fe-9030718f0220","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":"edcd59aa-bc24-40cc-8072-cb1f7b321207","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":"476f8e95-0691-4932-8c2c-24b73c8ed962","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":"247356de-08f4-4368-b33e-14c9c1a75842","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":"029885b6-2023-4cf6-a7e1-d5df77f1c0d6","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":"56f2f35e-86fd-4bda-8614-6786f27ca745","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":"c2a52747-ccb6-40b7-974c-c7b4c5fce995","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":"64f87c9f-cba4-4d4b-9368-6f273f539b6b","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":"af86c6e5-13ea-472f-8d6d-2cab59c90905","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":"a925a4e7-d64b-4f0d-b8c1-fe2cba2e1413","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":"06799514-6998-483f-b485-e8a39f123afc","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":"fcd53350-cbff-46a6-9f2a-18dc555fe523","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":"c253e268-edff-4cc7-b639-e5e5e1a246e3","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"556d4aea-f869-4ecf-ae65-273aa660f779","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":"56c10695-dd26-4838-8f22-a9e5127f630f","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":"f1efb060-667e-4b36-8a05-2d4934e61dd2","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":"2f868cf4-681b-45eb-b82f-f542803f474e","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":"4c0f8437-03d2-4296-bda7-3e05f3535e3a","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":"4cd28569-7025-4367-9d20-fe82ef0ae8c9","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"8d9af3d7-47d0-4daf-8b43-de06c6aa6f0c","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":"8058b5c0-b250-4bbd-9e3c-966df852ee57","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":"e3865d5d-94a8-4e39-99ef-e5787e312d6f","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":"8ae5e336-7111-431f-ab6a-151a728e4c5b","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":"15ea88cd-2cc8-4f31-960b-f8859466d53d","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":"b96286a3-da5a-4cac-b0fe-8b9c218f1302","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":"34f9f74a-4bf2-4d8f-aae5-4af1a57ab35b","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":"31f473b2-eded-4312-a6c9-572cb4c21de7","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":"6eeb3506-0dbe-4007-a287-d3ae1c3678dd","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":"f09429d6-ba95-4ad3-8ed1-81304567681c","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":"a03c6077-ac18-4de7-9df8-81c855dda5ad","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":"9151f673-5c8d-4d5c-b439-f27dfb00acd6","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":"ad49e08f-4342-4b24-ae95-c9abb9d490cf","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":"a348260b-c8f8-402a-86f2-38e1d1889ac8","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":"e274a75b-4b11-4cbb-98ac-e59ba88d9b63","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":"5532f86b-7880-47bc-acd4-f81d9ba79eb9","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":"bc7ded07-be52-4d29-9951-82b325b94562","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":"7b97ac0e-3c83-4620-aecc-fea2cee6c42e","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":"8824a2f2-42b2-4292-ac6e-726723afd838","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":"999b560e-3c90-416a-b04c-9d64846b25a4","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":"a9bcea77-c428-4a98-ae7e-b59cef7f4808","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":"76f2cdb9-25e9-4e06-9320-296e294465ff","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":"9fff2dc5-0ff1-4daf-a1ed-25ff565f1d66","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":"33061a31-4cd2-403d-b30b-58498e8b7c3a","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":"cfd7a009-6465-4208-ad6f-16fca7468a1b","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":"dc8a4cef-aebe-4346-a8f1-a69e46928dcd","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":"4cd389a0-90fd-4f62-96fe-089c07ff3d17","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"840cbb34-9f11-4510-a9ec-933360e92919","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":"fbf5c1d6-16b5-43e2-a4d7-00e6a78bf807","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":"1f5539bb-f643-4db5-8bff-42b5f1cb3871","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":"299ed699-0d7a-4705-b623-47e584306789","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":"12dffc7e-5247-424a-ad9e-48600b751bff","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":"522d671b-147b-465d-96a3-45983d07f263","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"6bee3cf8-0ec0-48b2-b9ee-310cb924e980","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":"bf596807-518e-4eb1-b323-558bc7ff2657","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":"13808b2f-099b-4253-86ea-3ee98a4d27a7","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"0eed2223-aee7-4f66-98bb-52b702bdf7e4","block_type":"box","text":"Report ID: 5593057.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"21bb7fe0-e2c6-430e-bd81-19b7e4ac029d","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"d1f13620-72b8-42be-92df-61620f8dfa36","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"3b195cbc-d40c-47b4-bc5b-6ccceaaebdd5","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"7c629e75-8bab-4df2-aa3b-5bb764b1d410","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"1c37808b-4f36-49a8-af17-8b763cd20577","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"28c52e01-cc81-4022-a7ec-16d534d56930","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"255e9367-1c4e-4000-b814-ecca1b376956","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"a8de1420-4fe5-4350-8dff-7175ca3785ad","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"5c019113-fde5-4b0e-a365-88f5c836bb53","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":"3c3355b4-b00b-46e0-b478-971d1c765a47","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":"e2f8232e-1d5f-4ddf-a735-52f02d19f923","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":"4034c7be-6c7c-4e2b-9e89-7faf48586c7a","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":"bfaa0460-cad6-40d5-b1c6-3c2525d97893","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":"c5f56b4f-4bcd-4127-a111-698b1d5f6c26","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"42d37a9e-15b9-4ed1-b718-83b0ec8e0506","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"35abae7c-1e72-4c01-a6eb-103397ae2317","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"6a9626ac-35ce-4a63-b408-e02a803a239a","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":"d1fa3e37-4f96-4478-8d47-e09d1666c35d","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"4ba8f864-4871-4c3e-8801-fde71f043d07","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":"f147f0b1-5b0b-4781-8174-5a4d469d5826","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":"70ec3c43-ed08-4cd4-8327-fee284e114f4","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":"5dd3d71b-2dc2-4102-bb60-80d29bdaa664","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":"04f45b96-c3fb-46db-94ea-6c41c12a2984","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"e22fbfd8-8f19-48b9-9943-4b7f4982ef0c","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":"7513decf-5996-454b-952a-3640203e6c65","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"4509d1dd-f138-4a69-8731-e4c8abcba8cc","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":"56ea9826-1fbf-42e2-a686-eee0a7a48206","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":"43d1754a-204b-4c38-9321-924f0076e404","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":"335052f9-fa54-4971-8b73-cce4e66e9ea1","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":"4db99d27-0c55-4d3f-a08a-e1449253d148","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":"7e0c1f98-e032-4b94-84fe-8f638d51417c","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":"07fa47b5-304b-4f76-8404-5bac2d42c806","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":"d3770006-980a-4563-b901-a474635c2c2c","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":"e17775a8-fdd0-409e-b1c7-f1e3906616db","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":"713da82c-2ae8-4504-832c-edd7a4b40a13","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"0aaa7b44-2bf4-4d75-9dd8-9d01d869c518","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":"a1507607-20f5-45c4-8a5a-6529ce20eb68","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":"a447a3b6-0066-4b10-aeb0-db35f21fc24d","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":"575ebea1-13f7-4def-912d-214f3bfdb952","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":"d5107912-56c5-45ea-91ab-16cf84cd5ac8","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":"aaf2abb5-95f8-4963-88d0-ed3e817c1812","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":"c25348fa-ae96-4cc8-a98a-e3d6dda1350a","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":"7b024259-7989-43a2-a5d3-8305d5388d58","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":"3d186b1b-11c2-408e-bac5-407c53c81dbd","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":"e91b9ff3-b603-4412-8bcd-4b6f03f6e50c","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":"049d1704-648d-46bc-a385-8c3fd076b033","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":"ad21f967-e0d8-4e7f-8746-93d3c83d3d55","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":"a11aacc9-95d9-482a-b077-653d7d541eaf","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":"80023e89-0c41-4dd8-b40c-1fe0fc75420f","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":"8116a3c8-f609-4fcb-9ece-6dfceff0e548","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":"f554b814-9a68-4b7b-940e-cc60fb50fc47","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":"287f5c9a-0eed-49f8-bda1-e462b9b1fcf2","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"e096253c-ecae-4bcc-8291-c8d66248027a","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":"3f839fec-3cc7-4d1d-9255-7d9bfc0dcc5c","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":"f4f16729-bcfd-4a6c-8efa-a825609caf42","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":"08ccab42-5d5c-4660-913f-5dc16a14a9db","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"7c349fd3-0cfd-42cd-a882-9478b4ea7fb4","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"0c1168a6-3d27-4c01-8f8a-ec6edf8d849e","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"5d26236b-e3b7-47a2-9f4d-ca091b978e92","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"30259eb3-add8-43e5-953f-f87f9120c7b0","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"acdb5efd-ea75-4d16-b6e6-661a91cfff17","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"01e70eb9-69b6-4893-9b30-7e1097fc0197","block_type":"box","text":"Report ID: 5593057.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"91b824b6-d5e4-4029-b8f9-8e4bd032775a","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"c0f280a8-a32b-4ed8-9466-336a81331750","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"8fe94c88-1999-4f3d-a139-37cce9972796","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"1d503dec-d3b7-46f2-994a-fd92e047d613","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"c336ab2f-845b-491b-aa1a-20b71f737c81","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"b5f56d51-8a28-4f4d-a807-2d90c9e5e881","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"762f8a5a-852f-4954-88ea-2759a4e1a2f2","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"d73a6649-576f-4fb1-a6e2-3cbbda984175","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":"f91567c3-757d-4762-8d17-3a7bc424e0b1"},"user_id":1000002,"date_created":"2026-10-05T20:59:11.883000Z","date_modified":"2026-10-05T20:59:11.883000Z","private":false}