{"annotation_id":"cebb810f-2d39-44ea-a9a1-499911c2aeff","file_hash":"3171f62804717a59038d7a97cdce897a0292a8c4a531913f333be7918c595f28","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"714992e6-b50e-4bbc-a878-83dd06b7c627","block_type":"box","text":"State Street® SPDR® MSCI Europe","page_number":1,"box":{"x":51,"y":71,"width":586,"height":23}},{"id":"e25b1787-9fa2-4f40-92fd-ff50cfe940be","block_type":"box","text":"Consumer Staples UCITS ETF","page_number":1,"box":{"x":51,"y":105,"width":512,"height":23}},{"id":"7263e471-c1bb-4601-984d-32b32ae555e4","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"2ebce4b0-63f3-481d-b236-1dcf301a3b37","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"98a24e73-b537-4906-8ecf-6a58d8a3726b","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"745faa81-b576-498f-8cf4-dc6926b1662e","block_type":"box","text":"IE00BKWQ0D84","page_number":1,"box":{"x":754,"y":107,"width":91,"height":6}},{"id":"0489b34c-de65-40d0-91db-7e7bb61d698b","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"2dadfa32-96a5-4eba-b62b-ff1dda4aec16","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":"d08812a4-856b-4892-8ba3-ab77ada9a1ad","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":"5f747cef-5775-46cb-8663-bd6698645adc","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":"2e2c8f45-ae0d-49ce-906b-30ff3f9b953d","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":"d66dc41b-61c7-4f00-9260-b2851032e2fc","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":"c7b7ace9-36b0-4113-8b86-4fbeb23b8ea9","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"046a77af-4c93-46ab-9629-0ca250a5eb7d","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":"0b70fec4-76b3-4bf1-8540-1c3b97754a63","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":"2de66615-b577-4dda-817d-8a24b33d2511","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":"d91dbf48-c82a-43f5-a460-75b5c03af79a","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"41c04cd2-d4aa-4fe3-95c4-ec66278c4ccd","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"1ca2ae28-d087-4b16-8aad-3134e420a658","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"dcabcdd3-fb94-4f8a-be4a-cecc6db221aa","block_type":"box","text":"1.14%","page_number":1,"box":{"x":105,"y":402,"width":50,"height":8}},{"id":"4b24a6fa-049a-4361-9216-dcf23b66af43","block_type":"box","text":"0.48%","page_number":1,"box":{"x":338,"y":402,"width":51,"height":8}},{"id":"27ffee98-0eaa-4c52-b63d-a46f065b727a","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"374dcc49-9c27-4a7f-b214-79dcc3a1eaff","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"da86916f-45d7-4a4b-a021-d9aec5c0bedd","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"6f4c4e0b-cb19-4947-926e-6b25a95df787","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":432,"width":53,"height":6}},{"id":"a19d48f9-8366-4333-8d28-5c5aab26ced6","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"915930ef-32d4-4486-9d40-20dd3b2f72e3","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"586e26d8-9abb-4ca3-b6ee-9582a9ff2725","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"863d2f11-41cf-4dc8-8086-b3d4836fc9c1","block_type":"box","text":"1.81","page_number":1,"box":{"x":105,"y":512,"width":39,"height":8}},{"id":"e8c2cda3-45ff-410a-9bbb-e803951e6fcb","block_type":"box","text":"0.00","page_number":1,"box":{"x":338,"y":512,"width":40,"height":8}},{"id":"885a4efc-14b5-49fc-996e-b58012940083","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"7db5f2dc-41f3-4fc2-a63d-c73f37b395b1","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"42c14d82-9bb0-4da7-8489-67908433191c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":542,"width":53,"height":6}},{"id":"eed59b5e-e172-425b-ac5f-8a94ed23d138","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"fcc75524-6578-4620-9d28-ed880b64d3b6","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"25b73fa4-206f-4ea8-aba6-2a0fadcce710","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"8ebd65b8-8ffb-4c3b-ab66-fac2f1b44654","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"42ab21cc-6b27-42e5-95d5-488046719cc2","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"ab075c04-87f6-4f83-b8f6-92c6c9937680","block_type":"box","text":"7.99","page_number":1,"box":{"x":330,"y":617,"width":29,"height":5}},{"id":"37871fab-002f-4389-ab75-92118a61d22f","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":617,"width":53,"height":5}},{"id":"91263409-84d3-45f5-943d-5e8cab48843d","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"693a0b1f-61d7-4fe7-804a-b67568ff4aed","block_type":"box","text":"4.88","page_number":1,"box":{"x":329,"y":633,"width":30,"height":6}},{"id":"70f382cc-123f-46d4-a9cc-0bcf86145ac5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":633,"width":53,"height":6}},{"id":"4cb314af-d8bb-410a-b364-dbfe5a6e0daf","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"9512ff91-3576-4eee-86dc-99b8014e2234","block_type":"box","text":"274.39","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"e61f0d68-d72c-4a9d-bed1-753d74b00e70","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":650,"width":53,"height":6}},{"id":"3a732c7b-b9ef-4101-9e9c-ce6db301d1dd","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"35519fe6-6358-4387-adaa-c1df6b02dc11","block_type":"box","text":"12.86","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"ebe4a64f-28c9-40a7-8d1b-fb562b7d67d3","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":666,"width":53,"height":6}},{"id":"ce2e738f-b70c-4672-845c-f66aa64a0e0c","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"16a3c906-611d-44a4-a1e3-962c761be0bf","block_type":"box","text":"289.70","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"f4efbecc-631e-4778-84c9-7281fdc83caa","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":683,"width":53,"height":6}},{"id":"54388a85-6969-460d-b0ed-8b25af21abc9","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"9aa1dada-e97f-4b7e-ba02-2bec841f59c4","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"8462179c-1eec-4772-baa9-2dda796718ce","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"997de29f-2b92-489b-a5bd-166038468d83","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"2cb3c04d-26c3-477a-af14-70a64293f378","block_type":"box","text":"1,333.97","page_number":1,"box":{"x":780,"y":417,"width":60,"height":7}},{"id":"49f56998-def7-47e4-85de-def015816328","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":417,"width":52,"height":6}},{"id":"1fb38cee-03d0-4946-a188-d5161133510a","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"b05a2819-c08e-4601-881f-d748d008361b","block_type":"box","text":"814.98","page_number":1,"box":{"x":795,"y":433,"width":46,"height":6}},{"id":"b0654dfd-e088-4df5-814c-1b1301b52b0d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":433,"width":52,"height":6}},{"id":"c73ccf2f-8137-4ba4-8c94-f8361a0b6a3c","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"f6d4d909-e48a-4062-b9ea-3e5ea7af5af8","block_type":"box","text":"45,838.65","page_number":1,"box":{"x":772,"y":450,"width":68,"height":7}},{"id":"32075c97-7f53-402d-9c62-48831b4bdeb7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":450,"width":52,"height":6}},{"id":"f899b64e-f3d2-430b-b320-06673042b448","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"19705379-dc9b-4ed1-b63f-0d75eae53393","block_type":"box","text":"2,149.09","page_number":1,"box":{"x":780,"y":467,"width":60,"height":7}},{"id":"d9c2e0a0-2515-441b-97e4-8c8856211ffd","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":467,"width":52,"height":5}},{"id":"bf3050e4-f400-4f95-b759-15320a603f70","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"249529b5-a440-44f1-bdc0-808b048bb548","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"4300be08-0c23-4d98-8781-1bf181df2a68","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"490e312e-6a08-46e3-be94-8817ca758b12","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"27405199-9395-4299-bb75-80c869c00369","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"e7a84841-28fc-41d1-956d-f5ae0df6f71a","block_type":"box","text":"16.97","page_number":1,"box":{"x":803,"y":548,"width":37,"height":6}},{"id":"f42bc91f-7f15-4ab9-85a3-63cc4730896d","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":548,"width":52,"height":6}},{"id":"2ff7a8cd-46c3-470b-9c1e-b96266c6c5a4","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"478d53cb-2aaa-44dd-9cc7-424dfd749236","block_type":"box","text":"9.39","page_number":1,"box":{"x":811,"y":564,"width":29,"height":6}},{"id":"40541507-1d01-49bf-92d6-350a8e096313","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":564,"width":52,"height":6}},{"id":"44f76e20-e663-445e-a137-b93a756be19e","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"7fae55c0-1279-48e3-8021-1780d5553c3e","block_type":"box","text":"620.86","page_number":1,"box":{"x":795,"y":581,"width":46,"height":6}},{"id":"3cb45d95-b301-43d7-95c4-f6e9a563f953","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":581,"width":52,"height":6}},{"id":"7fbb018a-1227-48c3-95a7-ff9f44f39740","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"4d44ace8-33cd-4128-9ecb-ff56d7d5aeb1","block_type":"box","text":"26.36","page_number":1,"box":{"x":803,"y":598,"width":38,"height":6}},{"id":"913da51c-9022-4ed4-a63e-e9caa8f3ccae","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":598,"width":52,"height":6}},{"id":"c513650e-efa9-421c-b6cf-8cf4b18267bf","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"d5e1d177-d5f7-4dd6-8bf6-ee16ecfc1641","block_type":"box","text":"649.20","page_number":1,"box":{"x":795,"y":614,"width":46,"height":6}},{"id":"f8d60e45-1ddc-46bb-b9d3-c1c43ce551be","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":614,"width":52,"height":6}},{"id":"fa860215-0ff0-4667-b77e-ba832b624a22","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"6d1de92e-4dd2-49a6-9164-bf65c17705e6","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"198302e5-3eae-49c6-8f71-627bcdb27d40","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"0b0d2d3d-66f4-411e-b668-146f0d839ff2","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"7692cc5e-8097-4ddf-af4e-4a41a65449fd","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"4fc123c2-73d9-43d0-a44a-b4a94b14c2a5","block_type":"box","text":"-12.96%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"93f92078-4c78-495b-a6f3-9648212cf180","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":696,"width":52,"height":6}},{"id":"8dbe4562-6594-4cb5-9f51-63508c576916","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"a53c5cf8-a882-4572-8f12-2437af0b825c","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"d5576bc2-c5fe-4476-9110-00dbfc2e5565","block_type":"box","text":"0.02%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"5cd8cfb1-4bd3-4c11-95de-4fd94f27a709","block_type":"box","text":"92.84%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"f6d746e0-b5d7-4a50-90af-d2cf4dd8d2b0","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"aad7ec62-e62e-4188-83b4-f37ed4364c05","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"dea20ba2-d484-458e-9d58-24100b5d835c","block_type":"box","text":"-0.48%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"1deb85a0-f44a-4517-917e-d93b87978957","block_type":"box","text":"99.16%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"22ab0c55-c36f-4399-817a-66d4b671b41c","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"eb092f07-e36e-4b65-a93b-6684c0e02b52","block_type":"box","text":"-2.49%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"fbbe4a04-5ad7-4e40-89d0-79edb483b901","block_type":"box","text":"99.16%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"4800a5b5-a844-41d8-a59c-fdce2109599d","block_type":"box","text":"Report ID: 5592763.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"de313d18-2289-4b29-8b85-aaf27dce74d9","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"58a9c24f-2362-495d-b0ea-101f3c24c8a0","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"6c0ddb9b-1b22-4c83-b0e4-3968704ab92d","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"f1bdcd88-a1c0-4344-8b53-f2eb8f85d3a3","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"ee6c0cc1-4d1d-476e-8639-825fa329d9dc","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"00435a6e-206f-40a1-8268-fa01b610d56b","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"3c5aa1c8-bad8-49e3-b0be-e6070ec8b13f","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"6a13ac5d-44c0-442f-ad5e-f1340214b8e1","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"945c3261-d6d1-4918-8330-38ba622856dc","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"b2a3fb21-6b58-4c29-a0de-972e1fc1ecf6","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":"a2b23ef6-bde9-4686-82f8-984fe78da55a","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":"2c4da57c-feb1-4a56-ad60-948c328ae7b1","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"17ca2a66-b35e-4fd4-b665-437791fe6a9c","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"e9a92bec-7334-4143-bc8a-978c28a67c8f","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"31593691-772f-4f57-be0b-e60e5e006eeb","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"6d0077f2-915c-492b-bcfa-d7f8e41fb659","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":"0da48f59-ea5a-4c37-b986-530e9b51a26e","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"81a4aae0-c513-4c8b-beae-3cdf7fdc7201","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"2c6d10ba-957a-4c31-a7a6-8164f114707d","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"f9ebbe76-c77b-43cf-a9d1-d7298f407d4a","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"71e040cf-2e8f-4783-848f-e567f9e5a197","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"f4d1b5c7-d0c6-44bb-ad85-da7f26a04da4","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":"1f7379d4-aae4-4cdf-9b22-9f79ae0150b0","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":"27514e80-5bd7-4ee8-b348-ce24445fb97a","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":"d187c662-c809-4523-b151-04f4e3206d4a","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":"11e5df41-409b-499d-a0b8-88e9ded9642e","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":"14302a44-572a-431a-a32b-1dc21f3822c1","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":"83da94dd-16f2-42ba-babd-c8c211a9d5e5","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"275b3e68-e985-456f-a037-f39e617fe02b","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"f939f1c3-9db2-41dc-ac65-43be9db5eac0","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"33bca318-3103-4083-82f3-5d9375d8cc1f","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":"44f75291-1137-4450-b4b2-fb8f3a72bdf1","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"b282948c-36e1-4e3d-a613-3b633f610461","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"6d4c7a25-d6e5-4b1c-bbf9-8b1589c5a05a","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":"765d5793-755d-4edb-9ecf-cb221d121567","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":"c63837e2-532f-44df-a35b-a457666216c1","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":"49c0493b-1146-4c21-84d1-3862d80d7321","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":"f349e45b-d9d5-42e5-a873-239dd3e7abb5","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":"f22309a1-b6ac-4134-a957-00c2035a3cc7","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"89d0b7d7-cc15-4179-be63-04688ecd8e75","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"94990264-f1b9-4273-bb02-8e278f5960da","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"be971718-ca54-463a-be6c-7e80d0c7a292","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":"73577573-3f07-4454-a6cd-a1bc4743c5cf","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"82eace7f-4a7c-4806-a5b2-f96f91bacaf5","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"fe8d6aa1-1f8c-4a1d-83e0-c0adae6e3d5f","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":"36431714-b001-403a-b271-2bafb5a12d61","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"2aabce2b-8401-4288-8b5a-810af65f4afb","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"d8eb0559-98b3-4599-a151-382a58f98436","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"a560d6b1-8c89-45a1-b363-173a678fae75","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"46e1dffe-1694-4c5a-90a8-a89af9c3d477","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":"780740c9-d3b0-44be-b503-be81934ad026","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"187c47f5-51c1-45fb-be52-92d916965c86","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"4fb1d863-12ff-412b-ab43-2c3c6376ed1b","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"455170ad-a66b-4d67-856b-d9ff2a1c0b5f","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":"798b1612-cab9-4cea-a276-005a3ed612a3","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":"1c643584-518d-4738-9e3d-ef9452ecd51a","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":"7531ea7c-0ddf-4ffd-8a66-1545d7bb8535","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":"5955cb33-1138-4822-9b5d-9eedcdf2f059","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":"5e8d87e9-3e78-4066-87b0-7af8bb4d3e5d","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":"c6582f7a-f59c-4faf-9257-aa320f26b58d","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":"ed974eef-7736-4e59-b6cc-7688edf3e0ca","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":"d73df33f-4a56-4537-bb05-872dce55ad68","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"e80a7214-b32b-4069-8538-83494e32c2b1","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":"53dfb255-52e8-4d5f-8975-c689f748c637","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"e7711b1e-3b1c-4823-b74e-b0b57dd5a01b","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"72d3221c-0b4d-455e-84fd-55220e917fbe","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":"ca90738d-e3b8-4d2e-807e-cd8825dd1082","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":"11aa5a30-aef5-42dc-a429-8344b1a84de9","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":"b1358871-ea1c-4561-8ad7-fd0589c6758e","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":"c7bbabc6-28df-4cdf-8ffb-91e37d5d8346","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"74a35804-7eeb-47cb-900d-f5594d566793","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"6d0db3f4-c21c-42de-b94e-de8b8c442834","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":"d147dc93-2846-4329-82f3-d946449ad11d","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":"cfb83715-20e7-4b13-b2b6-8f4f4f1be49d","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"1f9a3f9d-0eaf-4ca7-9e45-d76415f65bad","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":"c318e0aa-dce3-4899-9f85-230f9eec3152","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"190285db-d162-4b86-b3a8-5de5efedeee5","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":"76a1b0b0-b77f-4baf-9e3c-962540bdd2b8","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":"1c8c4805-d8d6-43f3-b093-39f8ebf22b7b","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":"21d96698-5db5-4236-afcf-cf3e2ae3331f","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"0f4014a5-2c93-4135-8be0-31a48b5c83a6","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":"d4b45244-1707-4693-956d-0e3477a63621","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":"4c7a53dc-e11e-4b42-9628-3dd03a616697","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":"8bc2508d-062a-4416-a1ce-6f54cb5b7d86","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"7e9334dd-14c7-41fd-ac2e-4109d791bf45","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"57417df7-e225-44c7-a00c-e8e4c8e0e44e","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":"542ff1c4-1ffd-48ca-861b-5118318d4a1b","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"0e0696fa-57e3-4bf5-a46d-bf349900c22d","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":"0f29e746-8219-44fe-90ca-c60c5a56fa8d","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":"7bae7394-5ac1-4281-93eb-8df43e127508","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"1f0d6075-b68b-495c-8f9e-3e7980e5fbc8","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":"dd0df5eb-11bb-4721-aa26-7da75a1c410d","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":"ec7d2e2d-04b9-4c30-a06b-de958c8f806e","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"d5464f6c-9baa-4c9c-b472-c6864f25f0ea","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"54fbfa51-e6ce-47f4-81b6-8565ff389a49","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":"1790453b-734c-4999-9d29-befd790f7cf1","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":"ef443376-bd9f-4fc9-8272-cc3a6ef7db5a","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":"ca5f02a4-f147-40a6-8fcf-666c8fab924b","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":"defc630c-4869-46de-bb88-475f8b0c89fc","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":"3b2443cc-1531-4fef-b162-1c237e4ab25a","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":"48bface7-05f5-44fb-99f6-10881818b064","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":"02460ac0-ac5b-4d2c-ad64-6282792fc865","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":"ca0dd09d-2b2d-47d8-9c08-e10c679483a0","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":"b9456394-5a0e-474a-8931-f17449e9dba5","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":"0f33f746-94ab-43c3-8b5c-7091959ac9a0","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":"5a1ebc37-5881-4682-8da7-dd1f35505131","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":"1fd7bc68-430d-4c1e-b3c0-c4b5ca2c9517","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":"35306acd-39b7-4f24-b9de-dca76e3cc8a2","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"62e5b947-5c6d-496a-bab9-f2ef74433210","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"931f461e-20bc-45d6-b24b-07e49be5f53b","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"7a4d106b-e455-4b3a-8280-02897412a935","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"2c13a70a-ea46-45ec-9b43-902555c48e69","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":"83340db3-5e66-403d-8092-7177afe51ba8","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":"8710a99d-45c6-48df-88f8-ffbe5cd7b504","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"40cfd585-c38b-4564-bdf5-e11e5c22ed44","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"afaba0f5-f6a9-4569-8fce-46b751e8272c","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"092372fa-5dea-4740-b835-c33586f9c015","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"a520cc26-249c-483b-a7aa-d95faebd3e8c","block_type":"box","text":"Report ID: 5592763.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"4144eab1-42a3-4ad4-b9c9-cd2c6c052ec7","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"f660582e-459e-475d-ab6d-eddaea561322","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"6a07f36b-1c34-4b98-8600-ba4dac6abc8b","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"1262f8c4-dfcc-4a7a-8178-9dcaeed6d824","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"c822546f-9900-4ffe-8756-dd18a0987109","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"157c7819-3363-423a-b709-a2c81005a279","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"6fcbc01e-a853-4f50-bfcb-1c5ea94f00ed","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"c1062b8e-245e-4336-a0d9-394a2bd36191","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"65e1356b-aaad-4b33-a2bd-3fdb434a89bc","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"8dadc3a3-be9e-46a8-bcd5-8c35da98c18e","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":"236eaf51-f3d4-49cf-a90c-a8471a67391a","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"c75a4474-ac6e-4b89-bf05-25c32bff6548","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"16a5abc6-8693-44c6-b3c9-f6d813387014","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"c8670bff-2b30-4fc6-a63f-5182e4662d2d","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"f58db372-81eb-4fe6-a3a2-ab2a44e9da1a","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"65725771-9c00-4dc0-b1e6-cf66963a60b0","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":"ee3e61e2-9c05-4a18-93af-6753f0f6c913","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":"6663cf96-e26b-4e17-8a59-43dfea0c17a3","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":"2a6f4b38-aa17-4d73-abdf-3d3f0f0d6dd1","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":"5d533e99-c86e-4753-84fb-56c8434d4762","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":"c2772606-9ac0-4738-a239-1b01c4ff5dfc","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"4fdacd3b-1836-432e-b1d3-4081e2ceba70","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":"3e851074-a7a0-4b2f-a1e1-80de8c803904","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":"bca7503a-5c37-4c54-bedd-eef6d5561b4a","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":"921b838e-447e-4fe4-9b03-8153b839ef8c","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"ed1b2dc0-f8f8-47b0-9cb0-404bff13d201","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":"d1a38cbb-ae46-472a-a087-a8fe897d2870","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":"b2380305-9e55-4ea5-8dbd-b56e85adbdce","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":"3d1e872d-344e-4651-9b81-d693c60e77c3","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":"e4302605-a747-45d5-bb96-999cbf9e3369","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":"c787b550-e394-4008-a895-3771ca76d26e","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":"c3a1d347-b240-4067-af11-4437cdefb99a","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":"460b0148-e876-4f88-92c4-1641c7ab3ceb","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":"f2f8e2f8-6f8c-4abe-810f-d1d700de2739","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":"6cb2704e-d3b4-4810-a554-42d4ca72d863","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":"8ab1f09e-7662-4aef-b12e-2b993870a507","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":"61912c3b-785a-41c7-bf7e-a6a312deacb7","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":"9691738b-d23d-4b4c-8a3c-9af7350cb06b","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":"aa71948d-217b-4342-9ab9-5f969e17e6c4","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":"fe985030-52b4-449d-95cd-001e6c89fdce","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":"0feca79c-0c58-4b82-b6a5-1bc8b2dc9d78","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"a6bcdd40-e016-4a92-a5a0-52c395242e58","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":"81ff7de4-a872-434b-8701-615df945eec9","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":"d75db477-5ca6-4755-8389-74f078ce3536","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":"3a12fcff-ff0f-4808-a5e0-2b9dddbe2068","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":"be7e9be4-480d-42bb-b476-2679dd1c1665","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"671eb0f5-bac9-4c5f-89d4-5acd18160fb9","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":"4a911b9c-e15a-45b0-bf29-70a3dfb552eb","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":"88d79631-714e-477f-ac5b-b4775f6157ca","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":"bb470565-45f0-4be5-b5bc-4fe3b5755d92","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":"f6fd9fa6-7980-4352-8332-3e0fd0e7832a","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":"bc8b3fb0-580b-4e8d-9f61-d4f676bf98f1","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":"17326398-d4ba-46af-ade0-238dfe521423","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"488b152a-b514-4e25-bcf3-fe756df9402b","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":"276619c5-ec21-4836-ae0b-55f26efe5d20","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":"0b9b1f51-8434-4c7a-83ff-70bf582d2405","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"6cbcc30e-b81d-4073-951a-a46c97801f32","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":"a063e364-f4e1-4d21-8769-cceeae0b7ab6","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":"e07c582b-8d55-4253-8e27-3df60cb792c1","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":"b2a5566c-d5cd-4328-b70f-acf1d4a3d16d","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":"5797f322-01fc-4506-bf8a-3fc014ba6303","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":"5b79de45-6989-4b68-a5cf-8a8b5797e66a","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":"de95eec2-d232-4869-bf35-447289f84779","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":"521e8139-0f96-470f-9c47-4af60d6abca5","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":"aa46a491-58a4-459d-a0c6-12e76d227d54","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":"38b91372-4b20-4ebb-881f-f22d4da7fb66","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":"11c9825f-57f2-47a2-b32e-87ac93a79bc0","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":"4f7c174f-a4d4-49d6-976c-cb3193db2008","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":"be0b6e26-6630-4ae4-9ad8-6e0b25da9a90","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":"22bcafc0-0cfd-41bd-90c7-4cecb1de40f1","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":"763ded8f-1b6a-4886-9465-b8ebf15f00c1","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":"acf8db72-f2a5-48d8-9c87-8b1d8cf56d49","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"5fbfb86f-3409-4be9-8778-c397d5947f13","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":"6746a0fc-e9d8-4fbc-8129-c3db1439da34","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":"ac35c3f1-824f-453f-af53-b856891a68c4","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":"6dabd5f0-3910-477a-8856-473447dd8f72","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":"b4203ff3-f5c5-42ab-a5b3-982022e0aed6","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"7b3c5eac-f8b0-47ad-b361-785c15a8b89a","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"833514c5-44a9-477c-be0d-057f452c7897","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":"ffb88bb3-1eee-4d2d-98d8-3f3bdbfaae5e","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"47694018-7721-4c9e-bff1-7517830e3973","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":"d2607a22-cdf8-4af2-b9ea-aeef6371f0cd","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":"4f66399e-d6b2-4e8c-8c6d-0c5e5f0404fa","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"ca18d7de-a714-46fd-816c-9db96e8ddf68","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":"90f91877-bfe8-487e-82de-b4ce3ce12068","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":"84e3d32b-d383-4ca5-ad65-8bf726e69252","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":"96ca147a-a92d-4761-85c5-dfc36eab5a3b","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":"c98aaffd-6d4f-43ca-ac8b-2b5cd6398241","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":"c7b14a37-38a2-49e5-8f44-849235e0a003","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":"9ebbf654-5338-4bbd-ae5f-62d95dae0f3e","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":"c57945a1-70f1-4c7a-92ef-64fb736f3113","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":"fd06ced5-689f-4727-9c4a-c04807c044cf","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":"24ff8845-6c86-4268-960a-421236607d9c","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":"c882c66d-4b63-48b4-a7d9-4c18c5d61ec6","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":"8386172d-f753-4306-ad5f-294bd1723493","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":"5da87945-863c-4a9d-b23e-086ccb5be970","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":"62fd3b23-f4c1-43df-9d3a-3f779352cb07","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"900c1e2b-6bcb-4d2e-9e45-1915075215c9","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":"e0492bd3-8e26-4db6-a069-deb460cb2103","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":"0ed3e4c5-3319-43e7-a77f-8bb9fd2a8b70","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":"0ededc5b-de89-4001-8357-bec074f21ea1","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":"8aa3a0a2-c9da-4f2b-b4f5-dfb9270f1946","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":"4b430f8d-9d06-4fb9-b776-1d4e6088f07e","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"fc07b493-0c8a-4cb8-802a-768bb6c409e7","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":"9bb0bf2b-3723-4ea9-8c3d-d9240ae94da0","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":"d05e33a7-f06d-4978-909b-1d394da52d33","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":"636ec163-93be-4b11-841d-c198276c68cf","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":"9e5878d8-346c-4f64-9aa8-56f33a12d835","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":"ed1503a9-add9-46c7-a421-c22528de1c4b","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":"71f58b53-8aab-4db5-9276-aec9eeeb26f4","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":"90ff19fe-f834-4bb9-a30c-fbb7ebdf05ee","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":"aacd7574-cefe-4805-9427-1bc5833dd904","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":"c142c184-d5af-41da-bef9-adb41284f1d0","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":"48adae4b-e720-4088-b1c8-05ee98f4d0d9","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":"3d237294-df01-4c68-bff4-bd0681d20d10","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":"6a7fe9dd-37a1-4d4c-a8df-9d65a4f42f7e","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":"813c6f8d-ef8d-40e2-9f93-42bacab0f033","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":"0b2ef98d-0cce-44d7-b9d6-ce80d480721e","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":"2674b430-30eb-4c6a-8c18-baae7ad62e29","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":"a00cb8cc-038e-4a7f-a233-34ac80d11f6d","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":"14bd7c30-dfd3-4c9d-adac-0af511c9faef","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":"8c02c5c3-f1d4-4fb8-b1bc-ecd2ed22342a","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":"7e8ffcbe-0599-477a-919d-594381128c83","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":"cc0ae632-3cbc-4378-96ac-5a5c6bf6eb9c","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":"4945377d-dbe1-4a88-b2a1-8652633e9809","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":"bac5c793-dddd-46fc-bccd-31e934d60e07","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":"aaca764d-a88d-418e-b5ac-c9ba40cd31c6","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":"0909ee1c-dd4b-462e-ba02-501a9e1474d6","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":"26a69d21-47fd-42bc-9dce-461d2239e53c","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":"abb39439-114c-4050-9f6e-c652c1ba35b2","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"24534ba6-c4eb-45aa-ade1-994c65aa4570","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":"925cd065-0a9d-4c4f-85c7-b9940a241b0c","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":"5227adf4-daa7-46d4-816f-c5a5ed2eccbb","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":"ac140a91-0d13-4032-bd0c-ddaf4e5a8ee6","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":"49660ac4-3c1f-4aef-9029-5f19f3ae9e9f","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":"2983cec9-08c0-4d16-817c-11accde5ad1a","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"b0ef2720-31cc-4f2a-b3e1-0e387363ab6c","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":"8425e7c0-9810-44ad-b850-db39eba45894","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":"f2693dd5-0482-4923-b2fd-ca672f8464f7","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"3c5342c1-ca37-4fb3-9537-bc3713047d65","block_type":"box","text":"Report ID: 5592763.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"b74699b6-a6c1-41f5-a779-5db949c2394b","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"c4d49fec-7562-4754-a2d8-95111a716fbe","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"596d8d4c-dc7b-40a3-a777-48b1f179e3a8","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"838fb12e-405e-4aae-848b-c5b470e16bef","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"34f815f0-5fb9-4e57-8d95-6c776153f8e6","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"666ae8aa-a552-4bb0-a198-a785ecfcb469","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"d39eb7c7-723e-4ff0-af70-d36a314f5477","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"056ce9e8-c949-4aa8-96ba-be43d415ca38","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"5fc482d7-ff8e-4595-956e-3faebbb1e491","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":"9b66278e-ef81-49f9-adec-5affd14580e3","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":"66754834-4bb3-4405-b274-3a176b4c9878","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":"898a0c03-df84-40d3-a888-2fdcc4d2f5ee","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":"7c94b4ea-71cc-4ea0-b978-8abe9753336a","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":"5a955067-0e26-4ca2-ae02-97be82c13fc4","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"f9f04cc0-6c40-4444-aec8-6ef7e06517d7","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"87df9465-db9a-40f5-865d-5ad42508c678","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"57908408-6989-4971-b86f-61409b450f3c","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":"d9834e71-1393-45d5-9453-01e24ad32aad","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"0fc28f3d-62c9-4ba5-b3ad-c22dc2673173","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":"4b4016ea-6881-4a3d-823a-fc022edf8e6e","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":"02fbf2d7-4dd7-4877-9a09-ac78512a9857","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":"8e844d64-0484-4536-a635-1b263d50f47b","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":"2b8f5b0e-6416-4fc2-a887-961ec38bb419","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"0ce15345-fbd8-4327-b9a9-da060e87eb8e","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":"84a0c15e-9713-45a2-b29a-5212580380a3","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"75b56f73-13dc-440a-ac11-ae1344bd2b23","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":"e9024a57-16dc-4d4c-8431-20d9ac097191","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":"bf06a982-77bd-421e-a8a7-024ab383e2ec","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":"07066219-dd6f-45cc-a171-da0691da5930","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":"b31292e3-4f35-4a1b-8f64-d76e8e88c616","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":"ebc86286-c765-4554-9ac5-001479b5b47a","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":"7453d8d6-ceaf-41d1-9964-03111629d192","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":"10d85e87-7266-444b-b5cb-c8dd84e7e157","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":"74cd3758-f78a-49a1-92ac-dd5c303f4eb3","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":"45873cab-5ee5-4df9-b33c-8d1473813fdf","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"c76b4a6a-66b0-460a-8393-750377d9500c","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":"c1ac5272-0459-49d8-9886-0ccbca34eff4","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":"ea336c3b-0d09-4b3a-b34e-288fcfb073f4","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":"43bfe3ec-82a0-4d68-94b5-77b1c3e41e86","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":"7cf30720-ca61-4fd8-bf31-4b53ea2a8562","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":"df9e98fa-756d-4d11-9d32-744947c4e112","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":"d5207791-ee22-4ecc-b728-287e3af6a736","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":"b511e506-fef7-4272-b761-5803ce7547eb","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":"1f0be9cf-53f6-4172-88db-c057c2113d80","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":"934334b7-78b1-461c-a543-ba97a745b1e8","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":"86a4f9e4-c796-4776-8fdb-edfe20eb6316","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":"1814df3f-4607-4428-801b-959928ed3133","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":"9b337148-d9b2-489f-9c5d-dfa1d5800bfa","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":"f34dd69b-8c22-44fc-8936-dbc90c8d803c","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":"b933f99c-d637-4c39-9067-a07086ba49f5","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":"6fc542b9-424e-455e-a456-c6282ef950e0","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":"0e1e85a1-a4e9-411d-8344-14bef9c48e1c","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"c39d838e-ccf2-415f-b5be-10b7d145211f","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":"19a280c6-8a71-4dc7-bb6c-4d1e9e1d95d6","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":"08892e12-359a-484c-be7b-8d4cffb6adcf","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":"8eae4dc2-f0f8-4c4d-8a5f-276fc58f46fa","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"c3b325d9-ca54-4194-b6bb-ba3a02ff9cb9","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"a17d5d00-6285-4fb2-b1d1-f2de062caf57","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"b5de90c8-8193-4544-97a6-06a52ae93907","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"3674495e-c6e3-434f-9418-f9a8117febaa","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"456b0c43-1974-4d1d-9f72-0bd2d1ee41b4","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"bd2dc75d-e22e-4f31-a009-39707afb9307","block_type":"box","text":"Report ID: 5592763.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"c2425311-5ba2-4ba6-bc22-c1c94ec266a5","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"c05af7dc-065d-4bcd-b90e-e99e7be0489f","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"9b02245b-45fe-4dc3-be3b-e28027946d42","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"9204d779-3f74-45fe-be0f-f1bc9efeeba6","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"c8dd9976-0142-43a2-9080-3093a7df7ec3","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"f07d30a3-9277-48d8-826f-e8c3bf7c6e2f","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"9b8fab10-fdea-4a17-9a02-de5088b8cb1f","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"72bdc797-c9f9-41b0-80f3-257013962a06","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":"9bef38b1-9020-4651-b74e-3acb40d4e342"},"user_id":1000002,"date_created":"2026-10-05T21:02:04.171000Z","date_modified":"2026-10-05T21:02:04.171000Z","private":false}