{"annotation_id":"e2fd9abc-1c76-4486-a190-c8c26750427f","file_hash":"cf0dbf6fb9085ce4f6d5241792aaa528aadc9861afde13872632dec324e22dcc","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"b12f5946-6d13-4abb-b7b5-e41a009f5dd1","block_type":"box","text":"State Street Emerging Markets","page_number":1,"box":{"x":51,"y":71,"width":536,"height":23}},{"id":"999c7df8-d173-44fe-ba5f-41dd7bd8a22d","block_type":"box","text":"Screened Enhanced Equity Fund- P","page_number":1,"box":{"x":51,"y":105,"width":602,"height":23}},{"id":"0c045e02-f965-4632-9ba6-531ab0673c4c","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"8ef9a237-9296-4e1f-aca3-433b459f36b6","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"34a573af-391e-4881-a7e7-d8abba444e32","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"383d67ca-fe32-4036-8205-c7cbf2cdf372","block_type":"box","text":"LU0446997701","page_number":1,"box":{"x":754,"y":107,"width":82,"height":6}},{"id":"f0fe551f-1377-452d-a4e9-868de78050d5","block_type":"box","text":"As of 31 Aug 2026","page_number":1,"box":{"x":753,"y":138,"width":95,"height":7}},{"id":"12babe36-214e-4393-9fb7-adebd634252b","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":188,"width":225,"height":15}},{"id":"ac6b8b05-9e95-4622-a395-c1aecaa66e1f","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":221,"width":844,"height":7}},{"id":"0760ffb8-38ff-4bb6-850f-d57afd772b8c","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":235,"width":875,"height":7}},{"id":"72828a2d-bc79-44fc-82fb-ff1ba0929a84","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":245,"width":481,"height":8}},{"id":"84850969-8b69-453d-a27a-52b362a4d09d","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":259,"width":123,"height":7}},{"id":"04bc6277-b977-449f-ba71-7a7b98437597","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":290,"width":123,"height":8}},{"id":"479cbf53-c491-4e21-b8c9-393d3e1e1202","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":290,"width":125,"height":8}},{"id":"15b3c766-5a23-48d9-9a99-6dce10cee06d","block_type":"box","text":"3.22%","page_number":1,"box":{"x":104,"y":315,"width":51,"height":8}},{"id":"2bd1f75f-9876-4f6f-863e-51344ca47718","block_type":"box","text":"4.18%","page_number":1,"box":{"x":338,"y":315,"width":51,"height":8}},{"id":"c962f89a-0c47-49a1-8d75-95590e609bfa","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":344,"width":93,"height":8}},{"id":"21e73bf3-4b1b-4345-a49c-cca2c5d40443","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":346,"width":53,"height":5}},{"id":"793a4747-67fd-47a1-af3c-be38c3c71ca6","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":344,"width":93,"height":8}},{"id":"b16514e1-1e8d-4d1e-8908-3821d3ba4fd1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":408,"y":346,"width":53,"height":5}},{"id":"f8dbbb81-343b-4bb3-9f49-610f6b87b91c","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":387,"width":162,"height":10}},{"id":"9a085475-fcf8-45ac-8e99-b1620c9ec17e","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":401,"width":64,"height":10}},{"id":"08ddf2a6-678e-4ac4-b5c3-f4f713b6138c","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":387,"width":146,"height":8}},{"id":"8b11fb5c-4975-4a67-aaad-b18699de1630","block_type":"box","text":"2.88","page_number":1,"box":{"x":105,"y":425,"width":39,"height":8}},{"id":"06c248ff-8acb-4572-81f8-06a0996e37da","block_type":"box","text":"0.79","page_number":1,"box":{"x":338,"y":425,"width":39,"height":8}},{"id":"f40fcd9b-fd4e-43c4-8324-1792503b62de","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":441,"width":111,"height":7}},{"id":"c9f132d7-097d-49c1-a6f6-c1f58725d6d2","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":454,"width":93,"height":8}},{"id":"b5ec819a-093c-4598-9a59-ea658e4ee25f","block_type":"box","text":"97.37%","page_number":1,"box":{"x":182,"y":456,"width":46,"height":5}},{"id":"89793301-e636-43a3-b333-0f74807a473c","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":496,"width":133,"height":10}},{"id":"e27c4e96-d11a-4234-9ec2-aa2edb67d857","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":499,"width":76,"height":5}},{"id":"eafb8963-6298-4446-abdd-33307f0ca19a","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":515,"width":41,"height":6}},{"id":"c964e811-d5e8-4ed7-925c-be0565f3298b","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":515,"width":93,"height":7}},{"id":"b105570e-6f21-4528-8cf0-fa42c1b60700","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":529,"width":37,"height":7}},{"id":"88f23ee0-9f42-4096-b781-8d204da450a1","block_type":"box","text":"62.88","page_number":1,"box":{"x":322,"y":530,"width":37,"height":6}},{"id":"be1942b3-5609-492e-8277-8aea25f57b98","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":530,"width":53,"height":6}},{"id":"e2c44f70-6d74-459c-b13f-d1763735d0f6","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":545,"width":41,"height":8}},{"id":"29e26706-009b-4f29-bf88-ce09530bf43c","block_type":"box","text":"19.58","page_number":1,"box":{"x":322,"y":547,"width":37,"height":5}},{"id":"5f67d216-7aae-4317-9b77-3a6f7d707bd4","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":547,"width":53,"height":5}},{"id":"1c67ce06-ea0f-4c21-9c6d-883187f4e344","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":562,"width":41,"height":7}},{"id":"a0a1cf41-6e99-44d7-9e40-acf236b9f8d2","block_type":"box","text":"523.39","page_number":1,"box":{"x":314,"y":563,"width":45,"height":6}},{"id":"173a5c6c-6c36-49cb-a30e-302f45355dc1","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":563,"width":53,"height":6}},{"id":"23058e00-a22d-441b-bc5b-a18df44dd62f","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":579,"width":52,"height":7}},{"id":"d5e00778-df7e-4642-b22e-d21a42f42e8d","block_type":"box","text":"82.91","page_number":1,"box":{"x":322,"y":580,"width":37,"height":6}},{"id":"0281fe43-f333-49e8-99c5-4daddd24b853","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":580,"width":53,"height":6}},{"id":"46030e47-99ec-47c8-95a9-38d656072f69","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":595,"width":66,"height":8}},{"id":"0ccc8605-032c-411c-b37d-fce962584809","block_type":"box","text":"636.51","page_number":1,"box":{"x":314,"y":597,"width":45,"height":5}},{"id":"f548cef7-183a-4d7e-8f2c-1d5c67ca1c78","block_type":"box","text":"100.00%","page_number":1,"box":{"x":430,"y":597,"width":53,"height":5}},{"id":"507b2d83-bb86-4702-b841-439f2e91de42","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":291,"width":177,"height":8}},{"id":"9bdbdc50-ef84-4d72-8990-5f51324a670a","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":315,"width":42,"height":6}},{"id":"55d502a4-becf-4efb-a200-4e5017e4746d","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":315,"width":93,"height":7}},{"id":"113917df-8ffb-40ac-b5e8-c03e2a06db59","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":329,"width":37,"height":7}},{"id":"1fec8383-ebbe-4c08-9fe6-95846a254fec","block_type":"box","text":"85,819.73","page_number":1,"box":{"x":772,"y":330,"width":68,"height":7}},{"id":"f3cd551e-8288-4124-84b2-8d8b27299130","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":330,"width":52,"height":6}},{"id":"70b6bfd6-a508-4454-b809-89ba336b7113","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":346,"width":40,"height":7}},{"id":"bc4a6ce2-7d12-4231-91a1-e6cc1df8a2af","block_type":"box","text":"26,717.28","page_number":1,"box":{"x":772,"y":347,"width":69,"height":7}},{"id":"5ebc79f5-27b4-4dd2-baca-ebace544f887","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":347,"width":52,"height":6}},{"id":"55c6373a-a127-425b-9392-800f3321f4f0","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":362,"width":40,"height":7}},{"id":"d6ce95de-92a9-4dfe-bca1-3c7801284de0","block_type":"box","text":"714,335.86","page_number":1,"box":{"x":764,"y":363,"width":77,"height":8}},{"id":"ce0e8b4f-d9d5-4968-a325-fdb033c0601c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":363,"width":52,"height":6}},{"id":"dcd0e3d8-2c72-4afc-88b1-499bf525a5e8","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":379,"width":51,"height":7}},{"id":"878dd1c2-b396-4ece-9ed1-c237cb8260c2","block_type":"box","text":"113,160.22","page_number":1,"box":{"x":765,"y":380,"width":75,"height":7}},{"id":"b631b650-1009-462e-bf78-e3f8f90bb668","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":380,"width":52,"height":6}},{"id":"4cd2a425-de5f-4ae1-880d-dc84663c2a97","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":422,"width":271,"height":10}},{"id":"c0918ab4-56d9-4004-ba93-5a499990b106","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":425,"width":77,"height":6}},{"id":"47a25830-77f7-4c61-b62b-08333c3c4c38","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":446,"width":42,"height":6}},{"id":"11144abd-836a-48c5-b346-94874d4ae796","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":446,"width":93,"height":7}},{"id":"d7ee162d-83f0-44ef-9679-9d69f3d09000","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":460,"width":37,"height":7}},{"id":"0cc010a2-a82c-479d-b8a5-77b75139acfc","block_type":"box","text":"112.97","page_number":1,"box":{"x":796,"y":461,"width":44,"height":6}},{"id":"da284542-bd5f-4749-92fa-495f3caf20f5","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":461,"width":52,"height":6}},{"id":"ac8fdc25-52f3-4d18-8bad-5eefe516a291","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":477,"width":40,"height":7}},{"id":"67d1e70d-5b3b-4494-81a6-da279f27df34","block_type":"box","text":"62.39","page_number":1,"box":{"x":803,"y":478,"width":37,"height":6}},{"id":"41d2fa48-27e3-4cf1-8cd5-b1604aa6a14a","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":478,"width":52,"height":6}},{"id":"d6876398-9827-4cec-8124-33e5534e6279","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":493,"width":40,"height":8}},{"id":"286dc13d-4d82-40b0-be24-785193089088","block_type":"box","text":"833.89","page_number":1,"box":{"x":795,"y":495,"width":45,"height":5}},{"id":"b6c87783-03e8-4c1b-a85f-d6348138da8c","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":495,"width":52,"height":5}},{"id":"e0e3cd62-f2e5-4ecb-a3d3-2b690cec21a5","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":510,"width":51,"height":7}},{"id":"d0839279-c39c-43c9-aa56-f9cec325f063","block_type":"box","text":"175.51","page_number":1,"box":{"x":796,"y":511,"width":45,"height":6}},{"id":"905e8daa-c5dd-4ad4-9223-4b523f5fc5d8","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":511,"width":52,"height":6}},{"id":"de687680-5bba-444e-a607-04b8af18e2bd","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":527,"width":66,"height":7}},{"id":"8a571ef4-62d4-49f7-9840-408bd00bdca9","block_type":"box","text":"1,010.79","page_number":1,"box":{"x":780,"y":528,"width":60,"height":7}},{"id":"1ffc8755-7d2d-4b89-9791-b84480c62865","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":528,"width":52,"height":6}},{"id":"26292e09-77a2-4b70-ba00-bd2066cc7211","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":569,"width":189,"height":10}},{"id":"d25a11c3-7e6b-4d31-bcee-2333ca546010","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":595,"width":82,"height":7}},{"id":"0e8a7b86-5b9d-4975-9be4-cc8af0534a72","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":595,"width":42,"height":5}},{"id":"9c3992d1-b039-4921-a325-e59b6c995e04","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":595,"width":93,"height":7}},{"id":"d5c94995-c8f7-4e71-932e-1cd88fd0d7d4","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":609,"width":127,"height":7}},{"id":"24ba99c3-8d8a-48a6-b89e-459b0983bffe","block_type":"box","text":"-12.44%","page_number":1,"box":{"x":789,"y":610,"width":52,"height":6}},{"id":"73da1b5d-8815-4229-a731-a661a982aa64","block_type":"box","text":"97.51%","page_number":1,"box":{"x":903,"y":610,"width":45,"height":6}},{"id":"13ffaf5b-051a-49e8-a34e-f121e4974943","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":625,"width":164,"height":7}},{"id":"7fb59d52-559f-4e8b-94c0-60e12acebe38","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":642,"width":127,"height":7}},{"id":"5598a040-2fb5-44bb-9f82-2d28cc2215bd","block_type":"box","text":"2.38%","page_number":1,"box":{"x":803,"y":643,"width":38,"height":6}},{"id":"278bdc50-4e8b-4ef5-bd61-50cc34fb9e85","block_type":"box","text":"79.33%","page_number":1,"box":{"x":903,"y":643,"width":45,"height":6}},{"id":"adf7421a-8c2f-41aa-8b2b-48b268ba033e","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":659,"width":95,"height":7}},{"id":"de0c19f0-7df6-42db-b611-d916626abe00","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":675,"width":127,"height":7}},{"id":"eabac4bb-5286-48cc-ba20-69f0375bec7a","block_type":"box","text":"-0.81%","page_number":1,"box":{"x":797,"y":676,"width":44,"height":6}},{"id":"bfb69b69-e0db-4a3a-a7fa-5c177a7f170e","block_type":"box","text":"96.38%","page_number":1,"box":{"x":903,"y":676,"width":45,"height":6}},{"id":"169265a3-2aa0-43c6-9700-082144319c7a","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":692,"width":79,"height":6}},{"id":"dde903d1-8a5b-4a9e-82c2-551112be5d91","block_type":"box","text":"-2.48%","page_number":1,"box":{"x":797,"y":693,"width":44,"height":6}},{"id":"a52f6e50-2843-4919-bc98-f6422d7efe37","block_type":"box","text":"96.38%","page_number":1,"box":{"x":903,"y":693,"width":45,"height":6}},{"id":"baafae7f-35e7-4c8c-920b-1e22ba051e50","block_type":"box","text":"Report ID: 5592744.1","page_number":1,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"ba58280d-1363-4f8c-adc6-cb7f7f8892a3","block_type":"box","text":"Published: 12 Sep 2026","page_number":1,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"66ff9e2c-5ed1-407b-97e0-6d68f299ca04","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"39407276-2218-4ac2-b72d-56eec5f54bd0","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"3c343083-3761-4252-af87-139fb2f0ecd4","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"2a352ee6-21c9-449b-98b6-2a280f12a71c","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"a47263ed-4c83-4708-8ed2-7116cfcfdbe4","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"d493903c-1ce7-455a-bc60-34f9cf1ef74e","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"ea760c33-b54f-45bd-a57d-a07de69e109e","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"8153cd04-6884-4d8a-b67d-218387954887","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"d35c4b9d-d904-4708-abfd-0ff3bc411df9","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":"c4bc4a00-d8cb-4592-b7eb-d02739feb7d6","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":"dc45fdcb-909d-4fd1-a0f5-702028e26525","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"1162983e-f24a-42f8-88a2-a9b57de38934","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"cc178498-b601-4fc2-8696-0f66c3ecc896","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"e279ae7d-2000-4868-95af-46d0636d1d6f","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"bb9c992f-5ef3-40ef-ad7c-e85152f208e4","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":"fbc4ad21-f9d3-4b9f-9a1d-b2c0c37247d2","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"55de90d5-0878-4b5e-8837-b49d504913e7","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"5a62fc93-6d84-4b87-a4de-dd8cb0ba2700","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"c81df98d-a02f-4577-88fc-b8605bf45690","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"874e4fac-7618-4cc9-8a5f-b0809549a442","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"4a9182f5-a4ac-4a4b-8ae1-8e058ec781e3","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":"77f2869e-2d22-4c3c-a9bc-90495bc16c7f","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":"6eed223a-923d-481f-ba16-de3069742b97","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":"7672348a-0bb6-4514-b228-205493a423af","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":"84f160e6-cec0-4976-a11b-3fe9a6e20e08","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":"95e2145f-e6fb-4c77-8daf-c62ed8991f54","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":"f2f1f580-6deb-4a27-9ae6-922d576b635f","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"29de8328-1ddc-4589-ba09-1c6def760439","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"ee329e56-fd23-4daf-b40b-6a338c1ea72f","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"b5de38f3-88a0-465b-8751-9b0f776ca751","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":"c120edd6-b650-43cf-b08a-a596d1e8e63c","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"4fbce616-63d6-412d-8b85-b41edd876f8f","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"609b67da-694e-4774-bcb6-26eacc6910f3","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":"1bd0ef8a-42fd-413f-a05d-81df1a9dcff0","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":"06dc05c7-9ca7-4ade-a57f-dc08777337a0","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":"48a6f81b-f872-401d-b514-52c9b59b6ee5","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":"b572ddeb-0107-421d-8126-613db94027c8","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":"a955e2ef-26f8-4c0a-8422-f34de6632a61","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"b01168bc-b79d-46c9-9c65-7c4b6373607c","block_type":"box","text":"Brown Revenues – MSCI:","page_number":2,"box":{"x":51,"y":436,"width":158,"height":7}},{"id":"48d8b528-56b6-4b12-a79b-441dfdb427db","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":212,"y":436,"width":225,"height":9}},{"id":"dccbd220-8599-4900-b1a9-8aac39717dc5","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":"e52b23cd-f8a8-4e46-b6e9-322e4e337fd1","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"d3f9de38-5057-42c2-974c-59bb5edaabb4","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"ea0ea7e6-9599-41c0-a217-f29c61ca7f3d","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":"1f608ddd-7379-4bf9-aa7d-59b6e6fd4f42","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"a0073bef-9333-4891-8431-09dd91a1af9b","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"c101936d-2373-4962-98cf-23cc895b4cfb","block_type":"box","text":"Scope 1+2+3- MSCI*:","page_number":2,"box":{"x":91,"y":527,"width":133,"height":9}},{"id":"a3bc2155-6ce1-4660-8652-39bccb7265ef","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":228,"y":527,"width":236,"height":9}},{"id":"e85fc1c7-51b3-4b79-92b1-634c3af7302c","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":"57bdcec8-3940-4079-b8e5-f198c25eea2a","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"8f4e10da-39d0-4705-8cf6-787f5a77d443","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"4f4d4cc8-7ade-43c3-a588-be3c30137a64","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"8c72730c-72ff-4a08-a01a-ba9fa337594e","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":"6a7232c5-6bc5-4085-b989-760b5b362545","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":"e3491e41-286c-41be-85f5-d03dd2e198e1","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":"dd9933b4-ce7d-40d6-890f-1ab389c1caba","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":"cfb38e67-1e7a-4300-ae28-19d5e6c69b9c","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":"6c8d735b-0d90-46c8-851a-be27d8b729ac","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":"35cd8898-c3be-421f-9d06-bff2e88e3e75","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":"3b4a6494-af86-4841-a315-cd5e7f09ad33","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":"70c6a0f4-78d3-47c0-9432-17658729f845","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"75402b34-dccb-4407-8edd-93b7f89e927c","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":"1e1a7c4d-98fc-443a-9ce7-aebd5be5d291","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"a70ad3e5-117e-47ad-8ef3-82cb7bf3d980","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"225dc8dd-a4e5-4bee-bbfb-7828adb7cfb6","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":"b6fff1e7-be0f-4d05-8107-8e56a35db6d3","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":"141cff2d-6b3f-4ac5-80bd-206bdffa4a38","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":"702b078e-c14c-49f3-b2bc-f781e658e4f9","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":"9f6a0b17-d9a1-48c7-97d2-a55efd0fda96","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"9e7d0a16-495e-42c7-bc45-dbc46d4926c0","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"47ae3585-8047-42aa-ba80-d81b52e1da73","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":"8ef6299e-1e83-48fe-a501-ea95573a80d5","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":"eef27735-288d-4605-831c-35ab46dd49a5","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"ef02a31c-5bd3-42dd-ae45-82aa8ebc7ae8","block_type":"box","text":"Weighted Average Carbon Intensity - MSCI: Scope 1+2+3 -","page_number":2,"box":{"x":515,"y":237,"width":370,"height":9}},{"id":"a437c21e-d307-4d92-a7c3-ccd031490d7c","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":"f7293cc9-cfa2-4aca-9ad5-eba44c88f1d2","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":"ec70cb81-84da-4b57-8368-f8b72622e9cd","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":"545c5004-6374-424c-95d0-c6ed321467f9","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"d826a19c-7d56-4ccf-a6f7-0a1bec6455c4","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":"b217a0e4-9c69-4206-8293-32f6acc65553","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":"5a8040dc-7386-49a3-94ce-0e9b2fbce0b1","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":"b204db5e-88f7-4f7e-ac91-1ced19f74905","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"71fcb8a5-739e-4399-a43e-a6e862e6675d","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"5741bae9-dbd5-4cd0-9c6e-c6dcde9b3f5c","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":"80eb7338-d3e6-421c-bb74-3c7a89899e48","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"2738ad9e-fda9-421e-b5ca-0c6d1acb810e","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":"4eb3433b-6ad1-4f65-aeac-49a94444cf9e","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":"edf7100c-4ad5-492b-a544-3a3f82377f3a","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"e550891b-4677-4090-a64f-4d97779d45f9","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":"4c4ae3dc-0b35-4f46-9dff-d285e257360d","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":"bf8cf0ec-3db5-4a98-a931-e5541aa6909a","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"51eb321e-d06e-4236-9846-622de0884311","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"8140fcba-9726-4d55-9c31-50184c346e98","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":"5a99da0d-df69-4926-9aaf-aac185546392","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":"c828c882-323a-4417-a66e-0e0aa3fd084d","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":"7c01a060-0218-4d0a-a3ed-b7f6ad839989","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":"93afd9f8-12d9-4648-b6a0-e4a4dfb6eca1","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":"93b78577-96de-452c-bf0d-9fb6f0b3b091","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":"334b819a-0473-4562-a539-ffa45d6aed31","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":"79accb02-41be-4f8a-a950-5a66f97562de","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":"b9669d0e-63ea-41a9-aa4b-88ec6d1a7c09","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":"bc622128-a94e-4aa6-a866-0ab0d4be576a","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":"a1109516-1395-4bdc-8632-1e18bd8bd785","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":"e38ffec3-8e9c-484e-8308-684fb7c14f6e","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":"ad192bbe-7a3e-4d7c-b25f-58b844650dd0","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":"80e7178a-79f2-4e72-a627-0bfe75e2177a","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"89394970-bb91-4d26-b577-e479ef167ec9","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"56b25ea6-95a2-442f-af85-8140cf394a3b","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"d538da6b-2db8-4001-a91c-9aaba6701dba","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"7e304813-b774-43f0-bbbc-542e910fad3e","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":"2427bfdb-3c72-4260-98ca-c6594af4a25d","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":"69304636-1852-4c34-9ff6-8dfb61be58f3","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"9e3cc406-862c-4915-9570-2440b0a4e0db","block_type":"box","text":"click he","page_number":2,"box":{"x":729,"y":649,"width":45,"height":7}},{"id":"e2fa4877-8172-473e-9af1-fa0f35350bac","block_type":"box","text":"re","page_number":2,"box":{"x":775,"y":651,"width":11,"height":5}},{"id":"c64f8ac2-bb2a-46cf-85e0-6190f63f52e1","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"ee059c1f-4f20-4b46-bfd7-ad503a7bc581","block_type":"box","text":"Report ID: 5592744.1","page_number":2,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"2fa5e41f-f804-4d03-853c-09b37a6f90ef","block_type":"box","text":"Published: 12 Sep 2026","page_number":2,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"3723627d-36e8-425e-b751-cc0a89a5b88c","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"a6a05cfd-f06b-42f2-81ca-7878d63333e3","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"3000e4b1-d4ad-4626-a809-38ec6f245f73","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"431c841e-7d76-4175-b5cd-93d71de53a66","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"c43f3a00-37a6-464a-b828-1d063bf6652e","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"4c3e1461-378f-42c8-8eb2-e4e2ece7b11f","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"2831acdd-5996-4ef3-986a-9c2462574cd1","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"22f52839-3edc-461a-9ffa-e6ed1af0dcba","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"6bb1abc1-66e0-4021-9083-62d11316abdb","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":"be5bc276-1783-46d6-b06b-7a7cf0a537bb","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"c0a2c581-9bd1-428a-a511-874fb5728f5e","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"876a913f-c00b-4d0b-87c7-6a0c88233703","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"2a677e87-61e5-4d3e-97b1-df880986a09b","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"81c5ec05-9c7b-4d8c-801f-6928bc805ca8","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"7e7a86e0-8e4a-4134-8d08-ea0c64381421","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":"54e3cb6d-2db1-4172-ba4b-555857cedc60","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":"e5690bbf-9842-43a4-bdf8-6b0450221558","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":"a3d4c374-9570-40b4-aaaa-2bae0a8b10d6","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":"3f762f48-d4c1-4b60-aeaf-4b8e9b54953d","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":"eb273f56-ab86-4743-a91b-bbf5ede05537","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"e2faae29-118c-4d69-a0d7-302415b02380","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":"4e20a635-9b1c-4588-b4b8-285bc2234bf8","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":"6445b408-6c32-43fe-a248-94bbb8b325f6","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":"1b563131-49f7-4d1e-9e21-91b0e3b47b5b","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"1b52c4e7-913b-499a-ab6f-68873fd97b5a","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":"1a30405d-caba-46b7-904b-9c69e493c43e","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":"97a38339-f585-40aa-b07b-5f005c80e9af","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":"ddf41805-a065-4a19-9b15-69edf327ac2f","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":"0cb3e9dc-4983-4b85-befa-c934e12915d0","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":"e1b5e9cd-79a7-469f-a30d-2e3ffa6ec890","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":"49d6e45b-2349-4660-a56a-df15c83f526e","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":"f1f7b7fa-cb89-4293-9a8b-6fba3e446d91","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":"9d64fedf-eb46-40de-8145-fc1dc379cb0a","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":"6b9bdb2b-c3be-4e7c-802d-8354a2ea11b7","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":"2b306a00-9006-45ad-8d83-2c2d9e045f73","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":"64d16c14-9702-43d3-aada-755cc3728e88","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":"55a12778-56a2-4191-b0cd-e9197cd466fd","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":"1ae96015-4b45-4e66-86a4-b3c787eea528","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":"d19377ea-6fc7-458c-bc6c-63e0078b1d91","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":"9a4c417c-b184-4971-b721-9cfa02e08b9b","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"5d2008ec-6086-418c-9d6d-5f41a55021d6","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":"a9850643-0b49-40a6-b88b-a6efbe52bae1","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":"0fa6b22e-5b14-4c4e-8d7c-bac2a2d18e98","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":"d64e1b82-61c9-457d-bb38-c8a4947900b0","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":"86e75972-f2cb-48a1-8b86-b2cecacd2452","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"d3650c54-0abd-44b0-8ff5-89e3274ccdd1","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":"4aa7c242-cecd-45ba-9d31-e2c54860fd5c","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":"b6357a9b-6732-4a46-b2dc-f5fab3d8b347","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":"12b7e37f-11fc-4b78-86f2-7e3234751740","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":"dada4a17-8d06-4e4a-8d94-48c9bd6bf3e9","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":"ea7a0aa1-2a58-48a0-8954-52d1a2a4f30b","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":"0d91005c-429c-4b9b-a714-b8db510ba355","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"7366b484-8f1c-49d6-8556-3b472c0fe51d","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":"b79ef97a-7acd-4169-847a-a21a2a40ad2c","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":"43fc89da-de2d-4277-a68a-289ebbccc7ed","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"95b1cdb0-40a5-4218-9221-0fc4764dba26","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":3,"box":{"x":51,"y":722,"width":415,"height":8}},{"id":"32b2b324-27f0-4fef-a96b-e0496c461656","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":3,"box":{"x":51,"y":734,"width":423,"height":9}},{"id":"714a2331-1d66-40db-ab7e-11ccf5ee876a","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":3,"box":{"x":50,"y":747,"width":418,"height":9}},{"id":"e611798f-773e-4f6c-94c3-6851df1ccd8f","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":3,"box":{"x":51,"y":760,"width":408,"height":9}},{"id":"ab4f936d-b4b7-4f2d-be37-282ea8549d0d","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":3,"box":{"x":50,"y":773,"width":429,"height":9}},{"id":"bfd7f8c6-f9b0-40e6-aa95-0dafcb67a552","block_type":"box","text":"to a substantial gain or loss.","page_number":3,"box":{"x":50,"y":786,"width":163,"height":8}},{"id":"6e305bf2-b6cb-4f89-bdac-d3ddd5b2d318","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":3,"box":{"x":51,"y":803,"width":430,"height":9}},{"id":"3447dd49-d521-45d8-b379-fdf65e63b621","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":816,"width":420,"height":9}},{"id":"c6074750-7ce2-4fa2-b9d4-05125e47bcf2","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":3,"box":{"x":51,"y":829,"width":372,"height":9}},{"id":"2deca200-970e-4439-a6b7-18fba6cd0aec","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":846,"width":414,"height":9}},{"id":"78bd6a09-26bc-456e-b0d0-b530a1ffbc41","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":3,"box":{"x":51,"y":859,"width":400,"height":9}},{"id":"58d678b8-514d-48c2-b1b5-6835f35e8890","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":872,"width":396,"height":8}},{"id":"8fa2f146-3d29-4652-99c0-ceb867b23a26","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":3,"box":{"x":50,"y":885,"width":416,"height":8}},{"id":"fed5614a-bab8-4a20-b4fb-00df78971982","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":3,"box":{"x":51,"y":898,"width":403,"height":8}},{"id":"8a110591-df56-4d53-91af-c04524736021","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":910,"width":407,"height":9}},{"id":"e146fa6b-84ef-46f6-a929-f09891b92f44","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":3,"box":{"x":51,"y":923,"width":410,"height":9}},{"id":"0d648066-c67d-472d-b71b-ca8cdcb5da25","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":3,"box":{"x":516,"y":92,"width":414,"height":9}},{"id":"b4a8347d-1790-43ba-b54d-b09265d6e846","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":3,"box":{"x":515,"y":105,"width":429,"height":8}},{"id":"5105a11a-fd89-42a3-aabe-eca8728affcf","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":3,"box":{"x":515,"y":118,"width":432,"height":8}},{"id":"540ae152-aae9-4048-9c60-9a96ea986be7","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":3,"box":{"x":516,"y":130,"width":421,"height":9}},{"id":"7546c706-441a-4bfc-99b3-b81ebd92992e","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":3,"box":{"x":516,"y":143,"width":429,"height":9}},{"id":"d0e31ef9-99e2-48ad-b5c1-3727aff1c448","block_type":"box","text":"these indices.","page_number":3,"box":{"x":515,"y":156,"width":81,"height":7}},{"id":"2b111960-1200-4eb6-9eaa-2feb845a0caf","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":3,"box":{"x":516,"y":174,"width":416,"height":8}},{"id":"caf9fd9d-591b-4897-8568-b4045015ac83","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":3,"box":{"x":516,"y":186,"width":415,"height":9}},{"id":"7ac1a6f4-91ae-4d24-9ee4-9d31fcc80e2d","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":3,"box":{"x":516,"y":199,"width":422,"height":9}},{"id":"f22e6f24-3451-49e6-991f-d4766e287707","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":3,"box":{"x":515,"y":212,"width":307,"height":9}},{"id":"edf64b96-9d36-40fd-8a02-6ed8dbde596f","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":214,"width":97,"height":7}},{"id":"d3d1ce1b-ef03-44d7-af46-7bb898128916","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":212,"width":16,"height":7}},{"id":"b77183d6-41b1-4fed-b522-9a899830086e","block_type":"box","text":"summary of investor rights can be found here:","page_number":3,"box":{"x":515,"y":225,"width":292,"height":9}},{"id":"d2acf42c-71ad-4e1e-83b4-2d87609e6bdc","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":225,"width":116,"height":9}},{"id":"ed3c2996-c73d-4de5-ae21-f956c626b556","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-investor","page_number":3,"box":{"x":515,"y":238,"width":421,"height":8}},{"id":"430f38a6-58d3-4f58-890e-1a439f504fec","block_type":"box","text":"rights/ssga-investors-rights-summary-template-non-etf-Lu","page_number":3,"box":{"x":516,"y":250,"width":390,"height":9}},{"id":"e0982416-4f97-429c-a6de-8585ae99a078","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":251,"width":35,"height":8}},{"id":"a01e5de6-e5e6-4c56-b4d9-01559fd9111e","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":3,"box":{"x":516,"y":268,"width":418,"height":9}},{"id":"11d2f451-5ae8-4c52-a24b-9416606c23c3","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":3,"box":{"x":515,"y":281,"width":431,"height":9}},{"id":"0806f94a-6590-47ee-a5ec-ea871892985a","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":3,"box":{"x":516,"y":294,"width":354,"height":8}},{"id":"9ded010a-9ec1-427d-bdf2-9d05ca0c6094","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely","page_number":3,"box":{"x":516,"y":311,"width":403,"height":9}},{"id":"ec28352a-1492-4c6d-a637-ca70ff85cd47","block_type":"box","text":"on the information above, but should consider other factors, including","page_number":3,"box":{"x":516,"y":324,"width":411,"height":9}},{"id":"979abbaa-eb39-4ef9-b701-b75a39f7369a","block_type":"box","text":"the fund’s overall investment objective and risk profile. Investors are","page_number":3,"box":{"x":515,"y":337,"width":401,"height":9}},{"id":"58cc93ee-7962-410d-830b-5428fd4a8fcd","block_type":"box","text":"encouraged to review the fund’s prospectus [https://www.ssga.com/","page_number":3,"box":{"x":516,"y":350,"width":402,"height":9}},{"id":"7e24d725-4d14-406a-8029-7a442c308a87","block_type":"box","text":"fund-finder?tab=documents] and KIID for more information regarding","page_number":3,"box":{"x":515,"y":363,"width":416,"height":9}},{"id":"97cbdfd2-48f2-4b61-b5e2-81f4b1333bc9","block_type":"box","text":"the fund and where applicable, the fund’s SFDR category.","page_number":3,"box":{"x":515,"y":376,"width":338,"height":8}},{"id":"8cd54d5f-2de6-4f4c-ad30-639c341301e4","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":3,"box":{"x":515,"y":393,"width":408,"height":9}},{"id":"fd65c4fc-7c29-4f7e-8a9b-40c92bddd225","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":3,"box":{"x":516,"y":406,"width":416,"height":9}},{"id":"1527f873-5b5a-42ea-a817-05e678ade7ff","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability","page_number":3,"box":{"x":516,"y":419,"width":382,"height":8}},{"id":"8ea4a1d1-6d70-4337-86cb-7e90a87de07e","block_type":"box","text":"characteristics. As a result, there may be limitations reported in the","page_number":3,"box":{"x":516,"y":432,"width":397,"height":8}},{"id":"b1097c00-0fc3-4b17-93bc-45ef01985b47","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":445,"width":207,"height":8}},{"id":"d18c4ec9-c776-416d-b129-1c0990ed0173","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":3,"box":{"x":515,"y":462,"width":398,"height":9}},{"id":"65d3e047-bd4e-4612-94ed-e64aec0083d0","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":475,"width":407,"height":9}},{"id":"86a9e62a-adbb-49e0-8b61-4360e4b2c934","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":3,"box":{"x":515,"y":488,"width":427,"height":9}},{"id":"7c2fe9a3-4b1f-4f4a-b21d-3391351f2661","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":501,"width":403,"height":7}},{"id":"80f59d3c-317c-41c5-8011-414a93199270","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or","page_number":3,"box":{"x":516,"y":514,"width":393,"height":8}},{"id":"1920c46e-4c9e-40c3-b986-164974d26e36","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":526,"width":197,"height":9}},{"id":"885fb95e-6270-430c-b5c1-258a5138a9a8","block_type":"box","text":"Data and metrics have been sourced as follows from the following","page_number":3,"box":{"x":516,"y":544,"width":389,"height":9}},{"id":"8fe12471-f270-42fa-9f5e-809e1a942cc6","block_type":"box","text":"contributors as of the date of this report, and are subject to their","page_number":3,"box":{"x":516,"y":557,"width":379,"height":8}},{"id":"b4490b32-3195-4b96-922a-c939286117f9","block_type":"box","text":"disclosures below. All other data has been sourced by SSGA.","page_number":3,"box":{"x":516,"y":569,"width":360,"height":9}},{"id":"6ccdac8f-eb94-4ba7-91d4-43286668ec4c","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":3,"box":{"x":515,"y":587,"width":419,"height":8}},{"id":"7e16f295-105f-438c-9f51-7c1674e7e161","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":3,"box":{"x":516,"y":600,"width":431,"height":9}},{"id":"01feae95-c49d-418d-8cd4-d9f50cce45ee","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":3,"box":{"x":516,"y":612,"width":428,"height":9}},{"id":"044aff88-99f3-4317-941f-53632f738d2e","block_type":"box","text":"and may have been used to calculate scores, signals, or other indicators.","page_number":3,"box":{"x":516,"y":626,"width":427,"height":8}},{"id":"8b7507f6-bd1c-4b51-b322-76ee2058ec9b","block_type":"box","text":"The Information is for internal use only and may not be reproduced or","page_number":3,"box":{"x":515,"y":638,"width":411,"height":9}},{"id":"9ac22846-d40f-43d3-a046-63278e33eb39","block_type":"box","text":"disseminated in whole or part without prior written permission. The","page_number":3,"box":{"x":516,"y":651,"width":395,"height":9}},{"id":"5e482e87-4cf8-4b8d-8809-7cd018261984","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":664,"width":411,"height":9}},{"id":"170ef66b-5602-4ee7-9a69-94f284a0bb0b","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":3,"box":{"x":516,"y":677,"width":396,"height":8}},{"id":"f063ed96-4b09-444b-b9c6-beb4c1ef9695","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":3,"box":{"x":516,"y":690,"width":433,"height":8}},{"id":"52978afa-70d1-4369-a78a-8c635eae27b2","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":3,"box":{"x":516,"y":702,"width":420,"height":9}},{"id":"498ec26f-0a1b-4c4f-b1e2-0598db2af130","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":3,"box":{"x":516,"y":715,"width":422,"height":9}},{"id":"52695219-470e-4faa-8e7f-68196062dd01","block_type":"box","text":"based on the fund’s assets under management or other measures.","page_number":3,"box":{"x":516,"y":728,"width":392,"height":9}},{"id":"c2a0a1b7-210f-4e24-85c0-b3fa9e8bf2d3","block_type":"box","text":"MSCI has established an information barrier between index research","page_number":3,"box":{"x":516,"y":741,"width":407,"height":7}},{"id":"509d13a3-1e3e-4f8f-b267-1cd18a3bc54a","block_type":"box","text":"and certain Information. None of the Information in and of itself can be","page_number":3,"box":{"x":516,"y":754,"width":413,"height":7}},{"id":"db92b63f-cb5f-4296-b15d-3f5f98753f7c","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":767,"width":412,"height":8}},{"id":"d86230b0-7f48-4597-8af3-0fa07f8628f9","block_type":"box","text":"them. The Information is provided “as is” and the user assumes the entire","page_number":3,"box":{"x":515,"y":779,"width":431,"height":9}},{"id":"6415077e-f61e-4b53-98bd-89458ba400d3","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":792,"width":398,"height":9}},{"id":"1705963a-581e-454a-a40e-bf8b52fa898f","block_type":"box","text":"No MSCI Party warrants or guarantees the originality, accuracy and/","page_number":3,"box":{"x":516,"y":805,"width":403,"height":9}},{"id":"4b850ab6-f070-4e19-bde8-039e467f25bb","block_type":"box","text":"or completeness of the Information and each expressly disclaims all","page_number":3,"box":{"x":516,"y":818,"width":401,"height":9}},{"id":"7c9411fa-5390-49a6-af26-1fc1924db2ee","block_type":"box","text":"express or implied warranties. No MSCI Party shall have any liability for","page_number":3,"box":{"x":516,"y":831,"width":418,"height":8}},{"id":"441e3d4d-141d-4944-a69c-fff2bf82e8c2","block_type":"box","text":"any errors or omissions in connection with any Information herein, or any","page_number":3,"box":{"x":516,"y":844,"width":428,"height":8}},{"id":"f70e6936-b59c-423f-a774-e4bb0262039a","block_type":"box","text":"liability for any direct, indirect, special, punitive, consequential or any","page_number":3,"box":{"x":516,"y":856,"width":405,"height":9}},{"id":"a71f1172-e494-4336-a5db-74693f3fe9a1","block_type":"box","text":"other damages (including lost profits) even if notified of the possibility of","page_number":3,"box":{"x":516,"y":869,"width":426,"height":9}},{"id":"7324ed6d-36d5-40d5-beb0-5afa9c8d19aa","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":882,"width":89,"height":9}},{"id":"c0ab6d01-1e50-4f04-a71c-e0dd7e3035c3","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":3,"box":{"x":515,"y":900,"width":429,"height":8}},{"id":"0b1bfc66-3279-4883-9596-a1f8b718d08b","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":3,"box":{"x":516,"y":912,"width":428,"height":9}},{"id":"0aa1e400-295f-41fc-b911-51608ff74bac","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":3,"box":{"x":516,"y":925,"width":415,"height":9}},{"id":"be25f7d6-941f-49bf-82e4-5a6fc56f5267","block_type":"box","text":"Report ID: 5592744.1","page_number":3,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"1a9af997-f073-408f-a5a9-6cd87839630b","block_type":"box","text":"Published: 12 Sep 2026","page_number":3,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"424eb987-dc29-46c9-81c3-d7a9348eb85f","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"54b6b21a-103f-4e59-be0f-baa9c30584ea","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"73ca73f7-dc5f-4acf-be61-c3e85c55a5eb","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"2b2feaad-3e5d-4919-a797-55ebff2c5685","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"93285ca2-97ed-46aa-a6fc-5e7ae9ad17f8","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"f4ce0098-4383-4052-9f48-e2d801e54507","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"b44644af-4ef2-4367-b32d-8c8427d9d51e","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"0361e4d8-6a8d-4e60-bf2f-611907c5e344","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in","page_number":4,"box":{"x":47,"y":36,"width":389,"height":8}},{"id":"e49e070e-1ab9-4a0c-9c3e-7515a7126066","block_type":"box","text":"industry sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":47,"y":48,"width":433,"height":9}},{"id":"43a10cf5-6ecf-4613-b3c0-a61fe6704993","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":4,"box":{"x":47,"y":66,"width":225,"height":9}},{"id":"7b8d0d9d-15f2-4737-8230-93e820891d1d","block_type":"box","text":"For Professional Client/Qualified Investor Use Only in the","page_number":4,"box":{"x":47,"y":83,"width":361,"height":9}},{"id":"e0ea3cc2-9b2c-4d51-a495-66482a94c695","block_type":"box","text":"Switzerland, Netherlands, Sweden and United Kingdom. Not for","page_number":4,"box":{"x":47,"y":96,"width":403,"height":9}},{"id":"1b00b747-7e92-43e4-824f-54c63ea6dffa","block_type":"box","text":"public distribution.","page_number":4,"box":{"x":47,"y":109,"width":120,"height":9}},{"id":"302c4003-360d-4213-9006-4fdba8f9dd6a","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":4,"box":{"x":47,"y":127,"width":434,"height":8}},{"id":"e5780444-3911-424f-92a7-4fc03b481673","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":4,"box":{"x":47,"y":139,"width":419,"height":9}},{"id":"34cf38f0-d762-49b6-ab37-da654c4e5824","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered","page_number":4,"box":{"x":47,"y":152,"width":398,"height":9}},{"id":"d206a957-ddb3-4236-aff1-a81a2a1c3e87","block_type":"box","text":"office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone:","page_number":4,"box":{"x":47,"y":165,"width":413,"height":9}},{"id":"fb33ac1c-981d-4505-adf7-987d4386ce74","block_type":"box","text":"020 3395 6000. Facsimile: 020 3395 6350 Web:","page_number":4,"box":{"x":47,"y":178,"width":292,"height":7}},{"id":"3a38a1fc-bd3a-41de-9b6a-36b159388bf1","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":342,"y":180,"width":59,"height":7}},{"id":"046e2d38-4761-4d05-b090-fe1a6e5fb6e3","block_type":"box","text":".com","page_number":4,"box":{"x":401,"y":180,"width":28,"height":5}},{"id":"574c5eec-6860-4c24-bdc6-c7a2a926412c","block_type":"box","text":".","page_number":4,"box":{"x":431,"y":184,"width":1,"height":1}},{"id":"d9e90bf7-b09f-4094-a0ea-4e2e81ed2598","block_type":"box","text":"NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA","page_number":4,"box":{"x":47,"y":196,"width":388,"height":7}},{"id":"f9fd0e99-54cb-4a5f-989f-93b1436690e9","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":47,"y":208,"width":48,"height":8}},{"id":"bd67ce52-1f49-4288-bb00-4a552d211e80","block_type":"box","text":"The fund is permitted to market into the relevant EEA jurisdiction","page_number":4,"box":{"x":47,"y":226,"width":385,"height":9}},{"id":"337e0826-8b19-4fbb-a5a0-39566effd37a","block_type":"box","text":"pursuant to either Article 42 of AIFMD (if and as implemented under","page_number":4,"box":{"x":47,"y":239,"width":403,"height":9}},{"id":"90de10ea-cc15-4431-88a7-c2874d1438ed","block_type":"box","text":"national laws of such member state); or (ii) can otherwise be lawfully","page_number":4,"box":{"x":47,"y":252,"width":402,"height":8}},{"id":"9f3574fd-3f00-446a-a8aa-cd699b582b30","block_type":"box","text":"offered or sold (including on the basis of an unsolicited request from a","page_number":4,"box":{"x":47,"y":264,"width":412,"height":9}},{"id":"78124112-a99e-4da5-a033-cc9d41c000bb","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":47,"y":277,"width":222,"height":9}},{"id":"4c01eab2-7a98-4ae0-bc51-22fc4fa79452","block_type":"box","text":"The Fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":47,"y":295,"width":412,"height":9}},{"id":"798f0c4e-f340-44b5-90d2-6bef07fd6fe2","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":47,"y":308,"width":415,"height":9}},{"id":"d035357d-95de-4af6-9b1c-56be52ff3cd3","block_type":"box","text":"(Directive 2011/61/ EU) (the “AIFMD”). It is not a regulated collective","page_number":4,"box":{"x":47,"y":320,"width":427,"height":9}},{"id":"b8a44c1d-16d4-4171-8abe-cd817ae301e5","block_type":"box","text":"investment scheme for purposes of the Financial Services and","page_number":4,"box":{"x":47,"y":333,"width":395,"height":9}},{"id":"66dbea65-ab9c-438c-8e7a-21e32e5bf860","block_type":"box","text":"Markets Act 2000 of the United Kingdom (“FSMA”). The promotion","page_number":4,"box":{"x":47,"y":346,"width":426,"height":9}},{"id":"c3641083-a39f-4d32-a9b7-ddf30b8a1ea7","block_type":"box","text":"of the fund and the distribution of this material in the UK is","page_number":4,"box":{"x":47,"y":359,"width":369,"height":7}},{"id":"3b808770-0115-4f27-86e5-eb9098c322ea","block_type":"box","text":"restricted by law to Professional Investors Only. The information","page_number":4,"box":{"x":47,"y":372,"width":409,"height":9}},{"id":"fab2d13c-3495-4312-a95c-3e75e2459b18","block_type":"box","text":"provided does not constitute tax advice, investors should consult","page_number":4,"box":{"x":47,"y":385,"width":414,"height":8}},{"id":"f8447230-264d-460d-b7a5-c99e64b658bc","block_type":"box","text":"their tax advisors with respect to their particular tax situations and","page_number":4,"box":{"x":47,"y":398,"width":426,"height":8}},{"id":"3d7f5ab3-d209-4ddd-b77e-e2a9841e3076","block_type":"box","text":"the tax effects of an investment in the Fund.","page_number":4,"box":{"x":47,"y":410,"width":277,"height":7}},{"id":"e72a5705-df08-4aed-bb90-acf186acf317","block_type":"box","text":"The fund is an alternative investment fund for the purpose of the","page_number":4,"box":{"x":512,"y":36,"width":409,"height":8}},{"id":"1b6e6445-6901-43b2-9aa0-62c9aa48c499","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":512,"y":49,"width":415,"height":8}},{"id":"dd18fd59-b8a1-471e-95e4-c742f4eaa5c1","block_type":"box","text":"(Directive 2011/61/ EU) (“AIFMD”). SSGA Funds Management, Inc.","page_number":4,"box":{"x":512,"y":61,"width":414,"height":9}},{"id":"d0e6f91b-7cde-4b18-93a7-e4f1a59f036d","block_type":"box","text":"or State Street Global Advisors Trust Company is the alternative","page_number":4,"box":{"x":512,"y":74,"width":411,"height":9}},{"id":"dee0383c-0569-43b1-a7a2-3ec53d309eca","block_type":"box","text":"investment fund manager (“AIFM”) of the fund and is an affiliate of","page_number":4,"box":{"x":512,"y":87,"width":421,"height":9}},{"id":"5d338891-dfa7-4d1b-8cca-0a813ea37e11","block_type":"box","text":"State Street Global Advisors Limited.","page_number":4,"box":{"x":512,"y":100,"width":237,"height":7}},{"id":"e5a2b8e2-4eff-4534-9fd0-fa359e22bffb","block_type":"box","text":"For Switzerland Qualified Investor: The distribution of interests of U.S.","page_number":4,"box":{"x":512,"y":117,"width":409,"height":7}},{"id":"36ba50bf-022a-4062-a049-1007c31c0962","block_type":"box","text":"SPDR ETFs in Switzerland will be exclusively made to, and directed at,","page_number":4,"box":{"x":512,"y":130,"width":413,"height":9}},{"id":"4dc3f27c-10cd-43aa-8e23-ed4853f47c91","block_type":"box","text":"qualified investors according to Article 10(3) and (3ter) of the Swiss","page_number":4,"box":{"x":512,"y":143,"width":396,"height":9}},{"id":"9ac5f021-83fe-4792-a5c5-f971fb9f25db","block_type":"box","text":"Collective Investment Schemes Act (“CISA”) and its implementing","page_number":4,"box":{"x":512,"y":156,"width":391,"height":9}},{"id":"9bc7ed13-a75c-4b79-958d-f538f3bdb9ee","block_type":"box","text":"ordinance. The legal documents of U.S. SPDR ETFs can be obtained free","page_number":4,"box":{"x":512,"y":169,"width":428,"height":8}},{"id":"2d3f920d-4faf-4bf1-aa6d-e41eb5f57300","block_type":"box","text":"of charge from the representative in Switzerland. Swiss Representative","page_number":4,"box":{"x":512,"y":181,"width":419,"height":9}},{"id":"ee16f965-b551-4a53-90b7-1838e9fe9a1b","block_type":"box","text":"& Swiss Paying Agent: State Street Bank International GmbH","page_number":4,"box":{"x":512,"y":194,"width":359,"height":9}},{"id":"1cd89065-1973-4b7e-b9f8-833a16f2a220","block_type":"box","text":"Kalanderplatz 5, 8045 Zürich, Switzerland Tel: +41 44 560 500.","page_number":4,"box":{"x":512,"y":207,"width":374,"height":9}},{"id":"1b327b8c-15bd-4490-b7b4-113b3afb93fc","block_type":"box","text":"SSGA Funds Management, Inc. serves as the investment advisor to the","page_number":4,"box":{"x":512,"y":225,"width":419,"height":8}},{"id":"18a222da-5bac-4c36-bd4b-254956723eb0","block_type":"box","text":"SPDR ETFs that are registered with the United States Securities and","page_number":4,"box":{"x":512,"y":237,"width":403,"height":9}},{"id":"ca91a5cb-9a9c-47de-ae8e-d057dda0bc01","block_type":"box","text":"Exchange Commission under the Investment Company Act of 1940.","page_number":4,"box":{"x":512,"y":250,"width":402,"height":9}},{"id":"4ffceb53-7c5e-4015-99c2-f134e9ddcd3a","block_type":"box","text":"SSGA Funds Management, Inc. is an affiliate of State Street Global","page_number":4,"box":{"x":512,"y":263,"width":391,"height":9}},{"id":"4ee563d3-2538-41a6-87ca-d1b0d7144d52","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":511,"y":276,"width":104,"height":7}},{"id":"2e9b4584-d98e-490f-bc90-a120d799aadf","block_type":"box","text":"Before investing, consider the funds’ investment objectives, risks,","page_number":4,"box":{"x":512,"y":294,"width":416,"height":8}},{"id":"884297bd-4af4-4dd4-a9f6-dd6c81b2aa11","block_type":"box","text":"charges and expenses. To obtain a prospectus which contains","page_number":4,"box":{"x":512,"y":307,"width":393,"height":8}},{"id":"d5184791-ac30-47c2-bb48-374d8c56dbf0","block_type":"box","text":"this and other information, visit ssga.com or talk to your financial","page_number":4,"box":{"x":511,"y":319,"width":412,"height":9}},{"id":"51aa0986-df4e-469b-95a8-ef98e6d0cff2","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":512,"y":332,"width":266,"height":9}},{"id":"e11e3b01-c2c2-43e9-939c-a606547d7c8e","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":512,"y":358,"width":326,"height":8}},{"id":"5093b421-85ce-4a7d-8819-47c70196d49a","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":512,"y":371,"width":235,"height":8}},{"id":"45bcc884-df0e-40d3-8d85-1dabe0a2cc0e","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":512,"y":383,"width":170,"height":9}},{"id":"e87ae8ba-738f-47e5-ad71-c67f775bc1db","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":512,"y":396,"width":259,"height":7}},{"id":"7e277f70-1d61-49ec-a85f-762eb89afd4a","block_type":"box","text":"ities","page_number":4,"box":{"x":772,"y":396,"width":23,"height":7}},{"id":"3881a798-5f3e-4602-9d01-32a6169eacfc","block_type":"box","text":"Report ID: 5592744.1","page_number":4,"box":{"x":362,"y":968,"width":116,"height":9}},{"id":"0b4db35e-4056-45c7-8c38-66063fe9a602","block_type":"box","text":"Published: 12 Sep 2026","page_number":4,"box":{"x":496,"y":968,"width":129,"height":9}},{"id":"28bf6eca-3e3f-4926-9663-26ec725616a8","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"47e2e907-11f8-468a-9e25-c58b80f9fef7","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"7087ca21-1061-426c-a846-4cc5c874222b","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"ca4e96fe-cccd-4502-90a5-d74c8a02b46f","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"eab1db77-2ab9-421e-896a-e050c5e1eeb2","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"23bbf241-a94f-48cd-a979-d73b9620615e","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"f2888b06-39d3-4190-8833-f801fe8da4a2","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":"e28a5000-8670-4da5-ba3c-e69ec455a0ff"},"user_id":1000002,"date_created":"2026-10-05T20:50:57.018000Z","date_modified":"2026-10-05T20:50:57.018000Z","private":false}