{"annotation_id":"e7a6ac29-0236-4486-8780-d33a579aa04e","file_hash":"b1f9167733ad7ed773a4d4884d39652f5bf6e90d666e70b238544659c756033c","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"0f7558ba-1105-4f6a-b425-28d17bd16e87","block_type":"box","text":"Fundamental Index® Global Equity","page_number":1,"box":{"x":52,"y":71,"width":590,"height":23}},{"id":"797f5971-a511-4298-85be-bf355bb6872a","block_type":"box","text":"(Developed 75% Hedged) Sub-Fund","page_number":1,"box":{"x":52,"y":104,"width":606,"height":24}},{"id":"9bd5d72c-6185-4016-927b-c945bc722bbb","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"b2f5279c-3932-46e3-9d93-ad0d1c3e937d","block_type":"box","text":"Equity","page_number":1,"box":{"x":754,"y":62,"width":34,"height":7}},{"id":"fb983ee8-9205-44b1-81fb-a62e5de430f6","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"3e4e70b6-1e84-463b-a4ca-5d79fb4fbd9c","block_type":"box","text":"GB00BWDBJM86","page_number":1,"box":{"x":754,"y":107,"width":97,"height":6}},{"id":"cfae233a-8d86-4e0b-b0c4-53de3b6c0db5","block_type":"box","text":"As of 30 Sep 2026","page_number":1,"box":{"x":753,"y":138,"width":97,"height":7}},{"id":"07399f72-3ef7-480d-a42e-7a403aff855f","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":"36075713-4193-4c14-aa7d-32ee4ec3a92a","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":"1f8cb415-b891-48cd-9617-0982e05a072a","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":"44a93d4a-9654-4940-8d46-df3b6315d2ef","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":"3bb181d6-0e1c-4883-aa7f-7d2596cb77b4","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":"ae24b98a-e48e-4b59-87c6-c6766e2ec009","block_type":"box","text":"Climate Metrics","page_number":1,"box":{"x":51,"y":274,"width":225,"height":16}},{"id":"7eff0a10-b13d-4729-9b1d-2813b6ff4c14","block_type":"box","text":"Source: State Street Investment Management, MSCI,Task Force on Climate-related Financial Disclosures. Holdings as of 30 Sep 2026, sustainability data as of 31 Aug 2026.","page_number":1,"box":{"x":50,"y":307,"width":852,"height":8}},{"id":"dae8349a-ec04-42b4-a7ae-1538bb7762c9","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":"1ffa7683-d8cd-47c5-a07b-6b12c0322c17","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":"f222a0b2-3a1c-459a-bd1b-908b7b3bf2e7","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":346,"width":123,"height":7}},{"id":"f3b5b9e1-792d-408c-a6a3-20966ec5c2af","block_type":"box","text":"Green Revenues","page_number":1,"box":{"x":50,"y":377,"width":123,"height":8}},{"id":"c6015c3f-1e81-447b-a45d-ac9de3585ccd","block_type":"box","text":"Brown Revenues","page_number":1,"box":{"x":284,"y":377,"width":125,"height":8}},{"id":"8b6c95a0-d287-478d-b041-7beaafc20953","block_type":"box","text":"4.70%","page_number":1,"box":{"x":104,"y":402,"width":51,"height":8}},{"id":"13237444-6607-4c31-952e-13e07d8c2555","block_type":"box","text":"10.61%","page_number":1,"box":{"x":339,"y":402,"width":60,"height":8}},{"id":"6155e57e-4468-4ef4-9078-ce72f446ccfb","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":431,"width":93,"height":7}},{"id":"275bb2cd-37cf-4235-ac54-bbbe50ce96bb","block_type":"box","text":"100.00%","page_number":1,"box":{"x":175,"y":432,"width":53,"height":6}},{"id":"8231cf0f-0515-4a15-b700-db6403c8dbbe","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":284,"y":431,"width":93,"height":7}},{"id":"2c4e5d95-97ba-4b03-89f9-493fe2f93660","block_type":"box","text":"92.05%","page_number":1,"box":{"x":416,"y":432,"width":45,"height":6}},{"id":"84d7dab6-a4a4-435d-a516-aad4434f0a9f","block_type":"box","text":"Implied Temperature","page_number":1,"box":{"x":51,"y":473,"width":162,"height":10}},{"id":"de2c73d4-08b2-4f94-9a01-37c579a398b0","block_type":"box","text":"Rise (°C)","page_number":1,"box":{"x":51,"y":488,"width":64,"height":9}},{"id":"31ed2d7f-0d59-409c-bce9-6394943fed12","block_type":"box","text":"Potential Emissions","page_number":1,"box":{"x":284,"y":473,"width":146,"height":8}},{"id":"64784ec9-2799-45f0-9c00-5f654574838e","block_type":"box","text":"3.20","page_number":1,"box":{"x":104,"y":512,"width":40,"height":8}},{"id":"9d01bb20-721f-453a-8ccb-cd9b6188b766","block_type":"box","text":"2.30","page_number":1,"box":{"x":338,"y":512,"width":40,"height":8}},{"id":"17b6d5a6-5dec-4a9a-8f6a-6eff89646cdf","block_type":"box","text":"ktCO2-eq per $mn invested","page_number":1,"box":{"x":338,"y":528,"width":111,"height":6}},{"id":"b3270470-cafd-4033-8d69-51d01db2b0f2","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":51,"y":541,"width":93,"height":7}},{"id":"3dae2783-27e4-4fb5-b7a7-15329b63828c","block_type":"box","text":"91.77%","page_number":1,"box":{"x":182,"y":542,"width":46,"height":6}},{"id":"ff5eb725-a48f-48df-8f17-c0699955428a","block_type":"box","text":"Carbon Footprint","page_number":1,"box":{"x":50,"y":582,"width":133,"height":10}},{"id":"18e8bacc-137b-4510-b2c7-c17c2112f7a1","block_type":"box","text":"(t CO2e/$M EVIC)","page_number":1,"box":{"x":184,"y":585,"width":76,"height":6}},{"id":"a8314aeb-e823-471b-8a8e-28828f5e996f","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":318,"y":601,"width":41,"height":6}},{"id":"2f5b9a97-c936-4fb9-a0ed-5ee131a25c5c","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":390,"y":601,"width":93,"height":8}},{"id":"bc947a0d-d7ee-49d6-b3ec-37b6f301c130","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":50,"y":615,"width":37,"height":8}},{"id":"340fa2e5-f3a6-4a75-ba87-eb7adb7b120c","block_type":"box","text":"68.15","page_number":1,"box":{"x":322,"y":617,"width":37,"height":5}},{"id":"39685050-7cfc-42bd-b738-0258e9ae6004","block_type":"box","text":"92.05%","page_number":1,"box":{"x":438,"y":617,"width":45,"height":5}},{"id":"ea286a81-c5aa-4522-9a66-f51db549d694","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":50,"y":632,"width":41,"height":7}},{"id":"0839d4e9-af59-48c3-8b47-d32497a7e331","block_type":"box","text":"14.06","page_number":1,"box":{"x":322,"y":633,"width":37,"height":6}},{"id":"024c76f6-f718-43e1-8589-79caba6ef382","block_type":"box","text":"92.05%","page_number":1,"box":{"x":438,"y":633,"width":45,"height":6}},{"id":"9b5338a7-085b-4b1c-b2e0-01bc6bd3a3f0","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":50,"y":649,"width":41,"height":7}},{"id":"2ae026a6-c79b-47bd-b968-67f582bdb10d","block_type":"box","text":"666.26","page_number":1,"box":{"x":314,"y":650,"width":45,"height":6}},{"id":"39b687ee-f002-4a69-b5d0-e49b4c74e730","block_type":"box","text":"92.05%","page_number":1,"box":{"x":438,"y":650,"width":45,"height":6}},{"id":"9395542c-d617-40f0-a718-a8193af01050","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":50,"y":665,"width":52,"height":7}},{"id":"293b4bc4-5271-4c33-b672-91042f8f4ed5","block_type":"box","text":"82.24","page_number":1,"box":{"x":322,"y":666,"width":37,"height":6}},{"id":"b0f714cb-d1bc-4d55-90e1-dc545a770b7d","block_type":"box","text":"92.05%","page_number":1,"box":{"x":438,"y":666,"width":45,"height":6}},{"id":"ba3ca9e1-e4f5-443e-8592-8a866fe9602b","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":50,"y":682,"width":66,"height":7}},{"id":"d3781e29-f864-41b9-85cb-d3bddc691292","block_type":"box","text":"767.10","page_number":1,"box":{"x":314,"y":683,"width":45,"height":6}},{"id":"b7b81bf6-1117-41ec-967f-bb29925ba3f2","block_type":"box","text":"92.05%","page_number":1,"box":{"x":438,"y":683,"width":45,"height":6}},{"id":"e44a05ec-68f5-4089-9adb-3ac157caa012","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":378,"width":177,"height":8}},{"id":"e4dc4de2-a2ee-4537-9ae6-206db9f14172","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":401,"width":42,"height":6}},{"id":"cf5bf96d-c2d0-4423-a484-09602c296711","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":401,"width":93,"height":8}},{"id":"ab33e4b8-3bdd-4e82-ae44-512ef546fb1e","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":415,"width":37,"height":8}},{"id":"c6991242-62d7-4f65-8383-b5cd60ab29f5","block_type":"box","text":"116,084.17","page_number":1,"box":{"x":765,"y":417,"width":75,"height":7}},{"id":"ed499633-d52a-4382-9289-e5f8aa2d2966","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":417,"width":45,"height":6}},{"id":"dca548ea-5de2-438c-9384-41784bd1fdaf","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":432,"width":40,"height":7}},{"id":"1aacf1db-1ad2-408b-9e26-8225fbc3c4f5","block_type":"box","text":"23,944.60","page_number":1,"box":{"x":772,"y":433,"width":69,"height":8}},{"id":"1078ad8f-7d4b-4eda-9a17-9b974fb7985e","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":433,"width":45,"height":6}},{"id":"03a6d07d-6b36-4922-88ec-537e7910602b","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":449,"width":40,"height":7}},{"id":"f7378032-c49b-4746-b937-34f7e5e6b82e","block_type":"box","text":"1,134,868.38","page_number":1,"box":{"x":749,"y":450,"width":92,"height":7}},{"id":"f9ef42f1-9acd-44e0-a627-5079e597bb66","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":450,"width":45,"height":6}},{"id":"acaccae0-196a-421a-9689-377b61b1c3f2","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":465,"width":51,"height":8}},{"id":"4c604e20-5194-4ce7-8417-a654a8f5ce08","block_type":"box","text":"140,074.60","page_number":1,"box":{"x":765,"y":467,"width":76,"height":7}},{"id":"b25d2872-15a4-4840-a84b-12c44b171822","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":467,"width":45,"height":5}},{"id":"24db57d6-79e1-4d61-b37a-26caa8701dcb","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":509,"width":271,"height":10}},{"id":"ae34b973-01dc-4864-b161-0dc953549439","block_type":"box","text":"(t CO2e/$M Sales)","page_number":1,"box":{"x":787,"y":512,"width":77,"height":6}},{"id":"26e8f283-710e-475c-9972-8c3e751bc033","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":533,"width":42,"height":5}},{"id":"dbc8bcd7-90f5-41f2-910a-7c96ecb00c70","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":533,"width":93,"height":7}},{"id":"650dc709-b8e9-47e2-ae67-b32311f2924c","block_type":"box","text":"Scope 1","page_number":1,"box":{"x":516,"y":547,"width":37,"height":7}},{"id":"d0f3bc08-472c-4df8-8896-577067c95317","block_type":"box","text":"128.48","page_number":1,"box":{"x":796,"y":548,"width":45,"height":6}},{"id":"68e1a201-9436-4cb5-b392-356685f7da91","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":548,"width":45,"height":6}},{"id":"f39323bd-68e0-4ff6-8e65-d46789dcbafd","block_type":"box","text":"Scope 2","page_number":1,"box":{"x":516,"y":563,"width":40,"height":7}},{"id":"7c00ef57-7f9e-46ae-87ce-22260474dfca","block_type":"box","text":"28.90","page_number":1,"box":{"x":803,"y":564,"width":38,"height":6}},{"id":"e3df4955-a0a9-4112-b6bb-e806084ebce2","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":564,"width":45,"height":6}},{"id":"350dfaf6-ec19-4b37-808b-79e7b3cdcb77","block_type":"box","text":"Scope 3","page_number":1,"box":{"x":516,"y":580,"width":40,"height":7}},{"id":"5def0af2-205e-4b3c-a5c6-8bff70fa04ce","block_type":"box","text":"990.34","page_number":1,"box":{"x":795,"y":581,"width":46,"height":6}},{"id":"f593db59-79fb-4fd0-beb5-616983614e76","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":581,"width":45,"height":6}},{"id":"a8d0c662-9538-4e4b-b441-53339f7ff16e","block_type":"box","text":"Scope 1+2","page_number":1,"box":{"x":516,"y":597,"width":51,"height":7}},{"id":"a0edd8b9-c6ea-429c-89b6-494b653d8324","block_type":"box","text":"157.26","page_number":1,"box":{"x":796,"y":598,"width":45,"height":6}},{"id":"ccb25958-116c-4cc2-a7b2-c0d6a0dc0fbb","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":598,"width":45,"height":6}},{"id":"d05ce5c7-ea71-4736-91a0-2af35e934818","block_type":"box","text":"Scope 1+2+3","page_number":1,"box":{"x":516,"y":613,"width":66,"height":7}},{"id":"f5cd8ddc-c68e-4610-8f85-0e06924eb9e1","block_type":"box","text":"1,150.26","page_number":1,"box":{"x":780,"y":614,"width":61,"height":8}},{"id":"de4fd6b1-e022-421e-a458-76a379eca247","block_type":"box","text":"92.05%","page_number":1,"box":{"x":903,"y":614,"width":45,"height":6}},{"id":"b86092ef-6766-4620-a445-6f83811c46e2","block_type":"box","text":"Climate Value at Risk","page_number":1,"box":{"x":516,"y":656,"width":189,"height":9}},{"id":"ff77e542-cfb5-46dc-9753-2ceef6554882","block_type":"box","text":"Policy Risk VaR","page_number":1,"box":{"x":516,"y":681,"width":82,"height":7}},{"id":"694c3816-baf0-449c-88f3-f197329fcd86","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":799,"y":681,"width":42,"height":6}},{"id":"e2f818d5-ec9e-4a9f-a6ed-ad25c5d17651","block_type":"box","text":"Portfolio Coverage","page_number":1,"box":{"x":855,"y":681,"width":93,"height":7}},{"id":"24bb721d-9f5c-4cee-bd22-eef7edb92370","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":695,"width":127,"height":7}},{"id":"b22412b5-f060-43ac-8c3b-2e6fb4229db0","block_type":"box","text":"-20.31%","page_number":1,"box":{"x":789,"y":696,"width":52,"height":6}},{"id":"4be162d6-e486-4890-8ff0-7b6e8dd8dfcd","block_type":"box","text":"91.78%","page_number":1,"box":{"x":903,"y":696,"width":45,"height":6}},{"id":"8fd6e44d-5793-4304-988b-95caba6848e3","block_type":"box","text":"Technology Opportunities VaR","page_number":1,"box":{"x":516,"y":712,"width":164,"height":7}},{"id":"00292b28-bac5-4b7f-bd64-bcdc2c5a0e76","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":728,"width":127,"height":8}},{"id":"bf0cd564-c3a7-43b4-826c-12b162178b00","block_type":"box","text":"1.67%","page_number":1,"box":{"x":803,"y":730,"width":38,"height":5}},{"id":"155e9cf1-73e4-4cae-8256-6cd0b9f40eb5","block_type":"box","text":"84.93%","page_number":1,"box":{"x":903,"y":730,"width":45,"height":5}},{"id":"6d7f9229-1635-4b0e-bd71-f1d42ed4c94c","block_type":"box","text":"Physical Risk VaR","page_number":1,"box":{"x":516,"y":745,"width":95,"height":7}},{"id":"0c40ddad-0be2-4aa4-8c8c-82b633a25371","block_type":"box","text":"Orderly Transition (1.5 °C)","page_number":1,"box":{"x":516,"y":762,"width":127,"height":7}},{"id":"fbb9cb0b-aa32-4d9f-8fb7-9bb961a27eec","block_type":"box","text":"-0.62%","page_number":1,"box":{"x":797,"y":763,"width":44,"height":6}},{"id":"da9cab0f-7cd7-46cf-b0c2-7f5e32afba25","block_type":"box","text":"91.60%","page_number":1,"box":{"x":903,"y":763,"width":45,"height":6}},{"id":"1e581702-6497-464b-a897-d14ba8c820f2","block_type":"box","text":"Hothouse (3 °C)","page_number":1,"box":{"x":516,"y":778,"width":79,"height":7}},{"id":"feb408cd-8d59-4996-90ae-c0656a99f960","block_type":"box","text":"-1.95%","page_number":1,"box":{"x":797,"y":779,"width":44,"height":6}},{"id":"9ad1af88-0bf4-4f8c-8f80-06550b7ac99a","block_type":"box","text":"91.60%","page_number":1,"box":{"x":903,"y":779,"width":45,"height":6}},{"id":"fc6bfc39-699e-427a-bb63-ae8908d3ae8f","block_type":"box","text":"Report ID: 5648621.1","page_number":1,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"eb95f70a-f8e8-4cb1-846a-274862c0a0aa","block_type":"box","text":"Published: 13 Oct 2026","page_number":1,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"030687c7-a32f-4b4c-895c-e8c3e3cdf890","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"53e6bbc1-6f43-4058-89f3-ae5934f1b557","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"593ae69f-4826-4929-8318-c0f2b4f4dff1","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"feca2d00-773e-45db-95b6-476e53f4a76a","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"be55701a-3b6a-4291-8b23-f8a7f5df0f4e","block_type":"box","text":"1","page_number":1,"box":{"x":926,"y":968,"width":3,"height":6}},{"id":"10a02a4b-ee6f-4477-af87-ce2ce5e24379","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"1ef79375-40f0-4576-9655-6936c94644f6","block_type":"box","text":"4","page_number":1,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"88abbf2d-1014-4059-83b9-c8b31b4c0a2a","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":59,"width":129,"height":19}},{"id":"e468a703-af5b-4304-b187-5df1bc413c9c","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":"1731f8e9-02b8-4de4-b96c-dd2a2f82b226","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":"bf6ddf57-85da-40d1-8ada-5713518e1e9d","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":51,"y":120,"width":102,"height":7}},{"id":"bc6d9fb9-2e25-42a0-9594-f860cb6b30bc","block_type":"box","text":"Climate Metrics","page_number":2,"box":{"x":51,"y":152,"width":157,"height":11}},{"id":"0899c768-f0ab-4aa7-b564-80460a3b40bb","block_type":"box","text":"Data Treatments","page_number":2,"box":{"x":51,"y":173,"width":108,"height":7}},{"id":"8a695bec-ef7a-487f-b9f5-f6f966393a3e","block_type":"box","text":"- State Street applies the data treatments where","page_number":2,"box":{"x":163,"y":173,"width":286,"height":9}},{"id":"65ed247f-4367-495d-a444-4e742d46ca0f","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":"04062587-1bd2-4156-9fd9-49880dcd5f27","block_type":"box","text":"metrics they are applied to please","page_number":2,"box":{"x":51,"y":199,"width":201,"height":9}},{"id":"b5d558a7-81f1-4f7b-b4c9-49659d61e471","block_type":"box","text":"click","page_number":2,"box":{"x":255,"y":199,"width":28,"height":7}},{"id":"12d171b5-62ab-4ebb-a11f-2e5b0f7fe9ef","block_type":"box","text":"here","page_number":2,"box":{"x":286,"y":199,"width":26,"height":7}},{"id":"20be94be-c652-410a-be5f-137f8104ae53","block_type":"box","text":".","page_number":2,"box":{"x":313,"y":205,"width":2,"height":1}},{"id":"7385bae6-624e-4a8d-8fa3-63877fa18e77","block_type":"box","text":"Portfolio Coverage","page_number":2,"box":{"x":51,"y":217,"width":119,"height":8}},{"id":"8f5a9f67-5091-4e33-8f54-a8b06ed0c189","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":"2eed4965-aca0-410a-a198-343ec295f4fb","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":"105cab7c-e757-4037-b5fb-9b036f989fc3","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":"103be230-ea6a-4980-a1ae-1af7392a846f","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":"39ad2476-1fcc-4490-975a-2da27ded2817","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":"0f1ee65e-ee48-4b7b-9aed-78338e619296","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":"b395f286-e9a9-41a1-a4c3-27abd8eefc35","block_type":"box","text":"estimated data to fill these gaps.","page_number":2,"box":{"x":51,"y":293,"width":191,"height":9}},{"id":"a460cea0-b0bd-4bc0-ada6-752b676fbb04","block_type":"box","text":"Green Revenues – MSCI:","page_number":2,"box":{"x":51,"y":311,"width":156,"height":7}},{"id":"03fc9022-7a04-4777-8705-7cd97f54ddd4","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":210,"y":311,"width":224,"height":9}},{"id":"a5ebfbda-f58b-4875-b0c1-ec35d252e98d","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":"e460f8a6-e585-40ac-b370-a1b5e5774008","block_type":"box","text":"Brown Revenues:","page_number":2,"box":{"x":51,"y":342,"width":110,"height":6}},{"id":"709f992c-d18c-4798-b680-47e82552ebbe","block_type":"box","text":"Percentage of revenue from “brown” sectors and","page_number":2,"box":{"x":165,"y":341,"width":287,"height":9}},{"id":"aef195bc-3688-40d4-a966-89e3e50a9164","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":"a71cd32c-2518-47ef-9bb6-f86b06ea5722","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":"92033b67-377b-4009-b6e4-cccc12bafadc","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":"78dd7fda-7e22-4d14-a61f-f1ba0b6eadd2","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":"f8a44b02-3541-4510-9139-9bd44ee4cbee","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":"ece18f81-9e6e-41c9-b97b-7fea9a685d68","block_type":"box","text":"value chains.","page_number":2,"box":{"x":50,"y":419,"width":76,"height":6}},{"id":"0bfc7c72-e072-4de8-a44e-fb8533774608","block_type":"box","text":"Brown Revenues– MSCI:","page_number":2,"box":{"x":51,"y":436,"width":155,"height":7}},{"id":"11c12673-1f65-4b1b-8f34-872140c3756e","block_type":"box","text":"Weighted Average of each Underlying","page_number":2,"box":{"x":209,"y":436,"width":225,"height":9}},{"id":"d9f07da3-5cb5-4e9f-b741-b0a9a2b543f3","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":"b4efac74-a22f-4be9-881c-b46ede8c0459","block_type":"box","text":"Potential Emissions – MSCI:","page_number":2,"box":{"x":51,"y":466,"width":176,"height":7}},{"id":"edc4ee44-f262-494b-8237-334940d71eb6","block_type":"box","text":"Sum of Weighted Average Total Potential","page_number":2,"box":{"x":230,"y":466,"width":243,"height":9}},{"id":"d30875f7-e04f-44ef-9500-41d663ff324b","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":"8b226d33-056e-44ae-8838-56ce567ec7d1","block_type":"box","text":"per $MN invested) on the Portfolio Level.","page_number":2,"box":{"x":51,"y":491,"width":241,"height":10}},{"id":"95dd387a-ce57-4aac-9732-8f71c240c234","block_type":"box","text":"Carbon Footprint(t CO2e/$M EVIC):","page_number":2,"box":{"x":51,"y":509,"width":229,"height":9}},{"id":"4b38f474-7313-40e8-bffc-45bf4612b1e0","block_type":"box","text":"Scope 1+2+3- MSCI:","page_number":2,"box":{"x":91,"y":527,"width":128,"height":9}},{"id":"0aa25f2c-d567-47c7-9941-e3ca3724e28d","block_type":"box","text":"Weighted average Scope 1, Scope 2 and","page_number":2,"box":{"x":222,"y":527,"width":236,"height":9}},{"id":"cf1fe168-32be-4532-b3bb-a61a412f2f50","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":"31009119-ec9e-4c49-8d66-c1c2853c9865","block_type":"box","text":"value including cash.","page_number":2,"box":{"x":91,"y":553,"width":122,"height":9}},{"id":"7f3ee466-a10e-48ae-96d3-845d94cefc97","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":51,"y":570,"width":202,"height":7}},{"id":"c4600921-6755-4ad2-b3e1-1e2ae7f3e025","block_type":"box","text":"Total Carbon Emissions measures","page_number":2,"box":{"x":256,"y":570,"width":203,"height":7}},{"id":"b883ecfb-7209-4f0b-8810-9cab74caf767","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":"a831687b-1ab9-4728-ab61-67759221054e","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":"d7f4d831-abf6-4295-b8c3-e0094f8479f9","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":"af158378-7ffe-4f8f-a7a3-b4f28c5a4b35","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":"a798dd54-c70a-4db0-95c6-68357034294f","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":"a2ba1ac4-1b07-4f0b-8571-da06f0e0e5b9","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":"8e005a06-b650-46ab-a64d-410d9bbb90bb","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":"3b9b5fff-783b-493d-8c3d-2cde9e5d2088","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":"c9715ecb-6e5e-4d49-ac28-aa2fd3d6907f","block_type":"box","text":"Scope 1","page_number":2,"box":{"x":556,"y":95,"width":47,"height":8}},{"id":"01e05208-f006-47b2-bc49-ce72a3b16936","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":"49b874c5-3476-45e0-b7d9-3673dfa85f18","block_type":"box","text":"owned or controlled by the company.","page_number":2,"box":{"x":556,"y":108,"width":219,"height":8}},{"id":"5e94d667-4772-40c0-8fbf-b88e762a76d1","block_type":"box","text":"Scope 2","page_number":2,"box":{"x":556,"y":125,"width":51,"height":9}},{"id":"7d4d0ea1-e05e-4c16-9df7-2b3c85d8b726","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":"8c597100-432c-469c-9a74-e1ab29b3cfe3","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":"011f6e9a-0fc2-4b36-a19e-e7658d077a9c","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":"7b1b8dae-4d33-47a3-aa55-0ac26b1e261e","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":"dc3ef366-b367-44b2-a2e8-b92909ed2cf8","block_type":"box","text":"station.","page_number":2,"box":{"x":556,"y":176,"width":43,"height":7}},{"id":"5bb0e6bd-0bac-48b3-abd4-3ad2c4960a95","block_type":"box","text":"Scope 3","page_number":2,"box":{"x":556,"y":194,"width":51,"height":9}},{"id":"d9e5e6b6-71df-4d90-9433-151e4fa54856","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":"4964c229-5237-4d56-a8ef-1a4b0b456fb4","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":"34e8719f-8810-4d71-8edd-348f72d30658","block_type":"box","text":"control.","page_number":2,"box":{"x":556,"y":220,"width":44,"height":7}},{"id":"6021df0b-2379-40b0-88ee-afd9f10320fb","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":"eedd7544-5c77-4fcc-b34e-cfb227cb3940","block_type":"box","text":"-","page_number":2,"box":{"x":881,"y":241,"width":3,"height":1}},{"id":"14a80117-e6b0-4b46-8780-1b083d7caca1","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":"ca7c0a1c-893d-45b9-937c-f932a794ce4f","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":"a09ca7ee-9efe-448a-9f56-298d21d89d34","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":"111ddc2c-732f-4796-bb9d-a4365edcf08c","block_type":"box","text":"by portfolio weight.","page_number":2,"box":{"x":516,"y":288,"width":112,"height":9}},{"id":"4a9fb9c8-de86-4d5a-a232-63befd353aec","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":"afd3d2ae-6061-4a6e-83c9-802368d6e952","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":"20c706a6-b037-420e-b584-b6a21c695676","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":"000edaa8-ae54-4b26-9771-8b60c3e813ec","block_type":"box","text":"This may occur for a","page_number":2,"box":{"x":796,"y":332,"width":122,"height":8}},{"id":"62c8b05d-44bd-4283-ac58-a249af256686","block_type":"box","text":"few reasons.","page_number":2,"box":{"x":515,"y":345,"width":74,"height":7}},{"id":"873f5f01-bd3b-4ba9-8c8e-4741c9d1aee2","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":"5fd794ca-b3c5-4868-8429-83ce25e931c5","block_type":"box","text":"vendor.","page_number":2,"box":{"x":515,"y":357,"width":44,"height":7}},{"id":"dbac01d1-d560-457c-9a12-3316dc30abc6","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":"4f586abc-483c-40f7-9b94-000ab64fc8c9","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":"a93c4c53-d484-4315-9794-9e9293832a71","block_type":"box","text":"Data is","page_number":2,"box":{"x":872,"y":370,"width":40,"height":7}},{"id":"29b0b525-2ab1-4875-947b-84d2f50a12ce","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":"8e0942e8-67c2-4d7d-aa4c-f6bf32e49a6b","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":"91dcae52-d741-40ac-9f8e-ef3d5b1ed36d","block_type":"box","text":"Implied Temperature Rise (°C) – MSCI:","page_number":2,"box":{"x":516,"y":413,"width":244,"height":9}},{"id":"a7edf9b4-492a-4915-886a-a40d3e5caaff","block_type":"box","text":"The climate scenario","page_number":2,"box":{"x":763,"y":414,"width":125,"height":6}},{"id":"df561dc9-542e-4766-b84d-2077086520e2","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":"a07675c6-aeb2-45c8-9e94-73ca1a76b737","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":"9b5530cf-0c41-43d0-ba26-6539b1274512","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":"4519df41-b36e-40d7-8bd1-4cbf476ffab6","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":"27972caa-ff4f-4cda-93d1-d662d21b4f55","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":"005e36f8-af1c-400c-81dc-86bdb36035ae","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":"575ed4b8-f77b-41b6-83be-a5458b6ce15e","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":"8d103059-2aac-48af-9fb7-52e82f2a375b","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":"4391fc26-fe26-4d79-bc85-39a4b450aa1d","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":"8bf4d6e4-d777-492f-a348-707913768879","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":"fdf1354f-3e57-42bd-8874-8134adc3f947","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":"cad96e2f-78e7-432d-8c28-2d8a24c745f8","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":"c3cee6b6-ab22-4631-a424-6eb8d3241841","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":"e043520e-4821-4efd-82ae-17197ddffe3e","block_type":"box","text":"to evolve and mature. Portfolio level.","page_number":2,"box":{"x":515,"y":593,"width":214,"height":7}},{"id":"af6e191d-ddb9-48d6-a041-d45b7428180f","block_type":"box","text":"Climate Value at Risk- MSCI:","page_number":2,"box":{"x":515,"y":611,"width":181,"height":7}},{"id":"f13f0933-c5a0-4896-a07f-ed99db8ac0b1","block_type":"box","text":"(Climate VaR)","page_number":2,"box":{"x":700,"y":610,"width":88,"height":8}},{"id":"9dea2db8-7342-489d-a9d4-ba138472efa5","block_type":"box","text":"is a measure to estimate","page_number":2,"box":{"x":792,"y":611,"width":144,"height":7}},{"id":"916062d3-d2b3-4fd1-add6-447a7a0a4d35","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":"1f4e51a8-c778-422d-a2c2-11e4d29eb5cc","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":"af46a301-0654-40ce-a463-f02cad996ab1","block_type":"box","text":"Risk metrics included on this report","page_number":2,"box":{"x":516,"y":649,"width":210,"height":9}},{"id":"6535b4de-4c7f-414d-88de-0570d31c4f91","block_type":"box","text":"click","page_number":2,"box":{"x":729,"y":649,"width":28,"height":7}},{"id":"0f7a3816-8b36-41ad-a248-80f9cc65db12","block_type":"box","text":"here","page_number":2,"box":{"x":760,"y":649,"width":26,"height":7}},{"id":"e80277a5-f334-4598-b2bf-3d21bcdab152","block_type":"box","text":".","page_number":2,"box":{"x":787,"y":655,"width":2,"height":1}},{"id":"5bd3f7d0-e8ae-40a2-a540-abab644c86ed","block_type":"box","text":"Report ID: 5648621.1","page_number":2,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"2ac32a6b-a612-4e33-84ce-d96a504f4c3f","block_type":"box","text":"Published: 13 Oct 2026","page_number":2,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"c16a6b83-5fd7-4a3a-88b7-822f748761a2","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"ee8602f2-e97d-457b-a958-3fb418c9ed8a","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"f6275135-a2f6-40d4-bae4-38d4396dc121","block_type":"box","text":"g","page_number":2,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"3d814c53-dea4-4979-b306-e02c7b4b76a3","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"b7418596-9870-4e92-ba57-d6c73c7411d0","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"da5d562c-6520-4859-91fb-9b1c533d900e","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"d008c2fc-2994-41b5-a82b-fa570e7d49ae","block_type":"box","text":"4","page_number":2,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"2b75db21-d7d3-4977-9030-22f09abf9792","block_type":"box","text":"Disclosures","page_number":3,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"1dde80fd-04d9-46d0-a967-d505d973dac0","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":"59f7f801-43be-4da7-9ab5-657d2bc71084","block_type":"box","text":"Management. Please","page_number":3,"box":{"x":51,"y":105,"width":132,"height":9}},{"id":"b707ca45-96cb-4b4b-bdd7-8a5515a0bd82","block_type":"box","text":"click here","page_number":3,"box":{"x":187,"y":105,"width":63,"height":7}},{"id":"275b303e-aa62-4fc3-94ff-c47e1e5b72de","block_type":"box","text":"for more information.","page_number":3,"box":{"x":253,"y":105,"width":135,"height":7}},{"id":"d2c2774d-79b2-49d2-9015-5f63818b79f5","block_type":"box","text":"Marketing Communication","page_number":3,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"5fb60566-c276-4bf3-a325-2129d22d3e9e","block_type":"box","text":"For institutional / professional investors use only.","page_number":3,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"caea2a79-2b5c-4f2d-bf08-ae62f877e956","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":"8c179ca9-f3a4-47d6-bbd9-8cb8916fabc0","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":"0f70758f-dec2-42e7-860a-4b69332252e7","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":"0a248185-3b14-45dc-8b41-569d86e769b3","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":"00071856-e729-4729-a4d7-5addba46cd88","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":"a44042ce-b4da-4624-99b8-1b2c0f976d0b","block_type":"box","text":"making.","page_number":3,"box":{"x":51,"y":222,"width":46,"height":8}},{"id":"38b07222-f9f4-46cb-8350-c935d3bfefd9","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":"b38e3ae8-a409-4386-9c38-ebce41bd6f5d","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":"3f768510-9f27-4d40-8984-d2c248079ffc","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":"ea94a321-76bd-4e31-9f0b-b65cc28deb8a","block_type":"box","text":"SSGA’s express written consent.","page_number":3,"box":{"x":51,"y":283,"width":192,"height":8}},{"id":"ee66a139-165c-4762-a326-12affc60256f","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":"c18f7c18-feb5-46c4-86fc-1ff975ac3d35","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":"03eed487-6428-4ff2-93c9-dae543a64fba","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":"aa80a9d3-4304-4394-ab70-06d3898f5159","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":"9e1e0ed0-5008-457e-9588-2eab95f4bac2","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":"4ba46b71-5b37-4aae-ae34-45826100bb5f","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":"42723ddd-ea83-4f7b-a2e9-3ced8a0a25e7","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":"dd95a8ea-f26a-498c-95b6-18117db03e50","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":"eb9a253a-0fd1-4415-8435-7bc39d0e2fbf","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":"9d447ae5-dec0-4222-8431-33563aa300e2","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":"c2f905ac-6eb8-4209-b76c-29b6e3b54669","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":"d8fb6fd7-3847-4186-8cc9-76698590de55","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":"55aff1bd-4531-4b21-92c4-0a1ad9d4aa13","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":"e0853a1b-7ad8-4d1a-a977-647257d8d273","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":"453e7a71-5872-4fc3-b027-a6939194782b","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":"9906a656-604d-42a8-a856-44f3abff4791","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":3,"box":{"x":51,"y":502,"width":394,"height":9}},{"id":"74e6a486-6882-43c3-b0ff-7dd42a25d3c7","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":"fed8b091-5025-4bc6-b07c-d93b5beafd99","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":"650648bb-2b0d-4878-a942-2cd083ede140","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":"00165e1d-fe5c-437c-9ec0-9756e30bcb16","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":"7adc9924-a309-4422-be39-769916bffcc7","block_type":"box","text":"dissemination of investment research.","page_number":3,"box":{"x":51,"y":566,"width":243,"height":7}},{"id":"64c4c9d7-89aa-4f74-b01f-b9889ca46323","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":"4f6e163b-cd35-43ce-9e34-f477395e6a2b","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":"3af8a63b-f8fe-41a1-9ef1-b7c903a1b0dd","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":"590758fc-a72d-4034-b998-e76bb4cc2d97","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":"63e68221-06d6-46c6-ac56-766e7a6eab34","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":"5ba3aad2-35d2-4a00-96e9-df6835c8adf2","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":"2ce7d8b8-3489-4a67-9e20-3ec1c24cd129","block_type":"box","text":"communication.","page_number":3,"box":{"x":51,"y":661,"width":95,"height":7}},{"id":"da297851-0916-4acd-b176-9b7dd5b09657","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":"23849b69-d9c4-446c-b064-f9bffcc84a9b","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":"263b970f-0818-4766-ad23-c15446ff160b","block_type":"box","text":"and economic conditions.","page_number":3,"box":{"x":51,"y":704,"width":152,"height":7}},{"id":"68b8b81e-7f96-4326-b8ae-9cba76b75006","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":"d2f63990-9751-41e7-918c-326156140eaf","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":"b5bd8f70-40b1-43c0-89fb-e8dd0355e16b","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":"b051dc2a-f98b-4df6-bfd8-6baa65959d3b","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":"34ca51fb-2ebd-4050-a5c7-16f82ef9f63c","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":"70376e1d-fa39-41af-915b-c046409d3b3d","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":"6eae2d8f-cb36-4a07-90b6-043778396256","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":"47655938-f71f-4a60-8429-3e6e3d201369","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":"b68f553e-4863-4adf-bcc0-8d0087ae8a95","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":"441d4e78-8890-4c37-b362-db2d26f30fe8","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":"63eb8382-c388-42eb-ad15-40f52b7ab35e","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":"ce1b65be-3149-485a-8bb4-938208edd040","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":"78020cd6-0616-4bac-9dcd-0a40e3015802","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":"07920fea-da4c-4972-a7de-f4f0803d8183","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":"d0367ff5-2ad3-4cd7-8da7-eacb33836679","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":"86b090c8-7430-4307-bc5b-6c514cecee55","block_type":"box","text":"these indices.","page_number":3,"box":{"x":50,"y":919,"width":82,"height":7}},{"id":"50e30f4a-d281-4693-b128-55ee3db3539e","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":"f364684b-39c0-4b0c-8af7-a6c74442257e","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":"9e1eb4f6-29e9-4015-af41-2590f165d082","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":"e140188c-8eeb-4e95-b2ea-376d793e43d9","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":"d40d8bd2-444e-49c4-a642-03f902b0baaf","block_type":"box","text":"www.ssga.com","page_number":3,"box":{"x":825,"y":132,"width":97,"height":7}},{"id":"89b39500-55ac-43ee-942d-6735d6ff4aad","block_type":"box","text":". A","page_number":3,"box":{"x":923,"y":131,"width":16,"height":6}},{"id":"b7d11e53-42b8-48c5-a2ea-31ce75d7f1c8","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":"a18647f1-e87c-4406-88d7-b1eb4a9b1593","block_type":"box","text":"https://www.ssga.","page_number":3,"box":{"x":811,"y":143,"width":116,"height":9}},{"id":"4076814f-e531-4d91-861f-15a55ba03850","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":"4582279b-c31c-4eeb-b1c4-5b7b91f57646","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":"7ef01717-9dd4-4f76-bf74-613406ed91a0","block_type":"box","text":"x.pdf","page_number":3,"box":{"x":906,"y":169,"width":35,"height":9}},{"id":"9570910d-4d6f-4a34-8f24-e86417fd22ab","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":"1c713984-a607-4017-8af3-3706644e66a3","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":"fe1362c5-8303-4446-88fa-9ed74ff658fa","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":"1bb57816-5081-4864-8ea7-f0ef25c5d51d","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":"a079f9a5-ecc6-499e-95d4-13fd91a78094","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":"3f1a16dd-fd90-4cab-88c7-7344a0541402","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":"6cd736b9-28ea-428d-97e0-6a8526ff01f7","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":"84499b4f-aa9b-4932-83a1-442792f4ab97","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":"8f5dba5d-7a1d-4c4b-9cbe-3c2eec614067","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":"b212c574-6624-48ee-a50d-5b356cfdcb0a","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":"840e7fbb-799e-46b6-a0cc-0f643755e421","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":"46fce1b0-9024-4565-9386-5762da5c1416","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":"9694c53f-2966-4270-842f-6c9c595ebe0d","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":"44001fe0-8291-4978-a015-b3a114ddf785","block_type":"box","text":"sustainability metrics or indicators.","page_number":3,"box":{"x":515,"y":363,"width":207,"height":8}},{"id":"85bb28ec-14b1-4a1e-9cce-aa88bea775bc","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":"11dfda0a-ce05-4b90-a7c8-fbe138469a93","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":"e18b7fc8-b6b0-424c-987f-001bf0dfc226","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":"b3b55539-cdab-4e33-91a0-70228bac3207","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":"918cda09-7a62-4a55-99bf-d70e21613e02","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":"f2993313-4ef3-4b39-9f06-bd4aa72617bd","block_type":"box","text":"completeness of this information.","page_number":3,"box":{"x":516,"y":445,"width":197,"height":8}},{"id":"bcf1cbc7-e60c-40ca-aa09-ee73f53fb4fd","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":"a2eed1fb-6c99-4ce2-b5da-b60ed282f819","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":"0fc469ce-4f41-4b4d-a074-1ebe298f446e","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":"4d68657a-8b1f-4e21-9259-06a659bb57ca","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":"3a93fd79-d555-4744-ad13-724e54c555d2","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":"820265a4-8ce9-4202-a9b2-1bb3ce33b5ae","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":"368677a7-644a-4787-b6f4-a6b611ee2af6","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":"9af8aa91-b306-4cf3-97a9-b7f49484037c","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":"226605f1-78cf-4731-8b3d-631c7cece386","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":"69883291-0e8a-417c-b103-d4423c7a3b63","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":"7477f2ee-d2ed-44a9-9f9a-eaeefc2d4625","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":"d693eed1-028c-429d-89dc-a7d66d3c9513","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":"e8befbd7-fa18-404d-85d2-869ed8d97fa5","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":"95e4233c-5313-4967-ab1c-c72c4b13a160","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":"8b96d2b1-46a0-4e33-a40b-c79fd4b67e05","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":"9c9fa30f-bca4-4e26-9341-24e339322385","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":"2940f03d-8d6f-4243-849c-b7bf4bd14951","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":"5c08cc15-3c70-410f-abeb-992598739926","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":"5cdf9775-13f7-4fbe-b68c-ad06dda49710","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":"5ee33f83-290c-401e-a6d5-af4172d0c697","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":"a4b2df36-5242-4ff2-904d-daf0924c04b7","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":"57eff605-c239-46b0-b35b-0ed2ae165769","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":"b4cd000d-19d2-4dfd-851a-beae6e84af17","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":"4016d83f-79e9-40cf-9ddc-9a0a901d0ce0","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":"8b89aedc-a6c1-486a-b336-40fc42d97066","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":"f5f0c194-0238-44d4-9adb-caf63a2446d0","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":"1505fc24-9498-49fc-a39c-de024a331e1e","block_type":"box","text":"such damages.","page_number":3,"box":{"x":515,"y":800,"width":89,"height":9}},{"id":"6e71b9e1-7c9a-43a4-8542-3b2857f9c761","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":"031e3180-b901-4362-9e64-b185404ec6f5","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":"7012a018-6ff0-4d6a-a6f0-5224fec6612e","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":"0dcdcfa7-7e61-4cd5-8d41-55a3878dd838","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":"cc8422b8-263d-43d9-af09-1ae37971639e","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":"b174f0ea-e347-4210-8815-6a8b81ac6362","block_type":"box","text":"For AIFMD Funds where applicable:","page_number":3,"box":{"x":516,"y":887,"width":224,"height":8}},{"id":"58c39b7e-e814-4d34-9c2e-e944f6130f3b","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":"d65c22a6-9556-4a34-a096-fb84ca4a4ad3","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":"11b53a0a-ed86-4ce2-a2d1-b64a52e91b1b","block_type":"box","text":"public distribution.","page_number":3,"box":{"x":516,"y":930,"width":119,"height":9}},{"id":"41c83319-e911-43e8-b66c-198021857c23","block_type":"box","text":"Report ID: 5648621.1","page_number":3,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"5ceea870-d5d4-445a-a134-31d19b3200f1","block_type":"box","text":"Published: 13 Oct 2026","page_number":3,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"733522b9-e17b-4359-b58e-ea968d92cdf0","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"404a0f28-25a3-40c4-ab77-d714674f775b","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"74fb2c50-855f-43b4-96d4-f6d442392dc6","block_type":"box","text":"g","page_number":3,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"da2aba0c-0f78-412f-b675-0e32c10bac0a","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"d459e41f-d67e-412e-86f0-7e17c5f600ea","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":5,"height":6}},{"id":"ce219796-27ba-41ea-a11f-903d8925e330","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"7c1f84ce-0f0f-4a1e-9dc0-4dec4928e03c","block_type":"box","text":"4","page_number":3,"box":{"x":943,"y":968,"width":7,"height":6}},{"id":"9a5dd41e-f88c-4951-a43d-c5b52916bc48","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":"2a9b7bd8-20c0-4e3d-825e-01e1f34324fe","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":"a1758275-3ac1-4c97-8dcb-d1c2390d46f6","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":"a3036212-e97e-4591-b6a0-4bd4a8baa085","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":"9d719f8a-cff1-4dc8-9345-e66228579663","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":"191fcd23-26fb-4610-9fec-d5838dece99f","block_type":"box","text":"www.ssga","page_number":4,"box":{"x":346,"y":89,"width":58,"height":7}},{"id":"836fc23c-3958-40d1-b4b5-6bff9c02e90f","block_type":"box","text":".com","page_number":4,"box":{"x":405,"y":89,"width":28,"height":5}},{"id":"9f8338b8-499f-44f3-b75b-08058ad4697d","block_type":"box","text":".","page_number":4,"box":{"x":434,"y":93,"width":2,"height":1}},{"id":"b939f017-a3c1-41dc-960b-89cfc289e970","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":"e493af83-1f0b-4c38-8289-d34cd359904c","block_type":"box","text":"(“EEA”)","page_number":4,"box":{"x":51,"y":117,"width":47,"height":8}},{"id":"eac3269e-ba93-4784-afd8-7bfa5ca08275","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":"7d62da76-56a2-4870-8863-2f42f030025d","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":"98399c73-5fb5-4d09-9379-56cbc4173d0f","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":"68314e62-5208-45b6-a293-6f75409daf1f","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":"c168bafc-eec6-4743-a3fc-8f662c433361","block_type":"box","text":"professional client/qualified investor).","page_number":4,"box":{"x":51,"y":186,"width":221,"height":9}},{"id":"68cbd84f-4898-4836-9361-c7e7114915be","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":"680bb6ed-452c-4d49-a07f-1b3e4b45a854","block_type":"box","text":"European Union Alternative Investment Fund Managers Directive","page_number":4,"box":{"x":51,"y":217,"width":415,"height":8}},{"id":"ffec57ad-ed3c-482e-9e4d-cd8744619288","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":"51192777-861d-4d38-848d-4dac047554c6","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":"edae38d9-ab48-41e4-93c7-deef72babb8d","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":"759dcef4-a419-4cbb-a011-1a5524ae268d","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":"ec333687-eb51-4d0a-ac97-20b2e9745b87","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":"27dd2af9-15bd-4c74-8cb5-a35cb12a1e53","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":"bd022a25-5ce0-4eaa-9a8d-d19d480c0284","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":"aea3d461-ca77-4751-9237-f83557832d75","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":"66251bd1-5b22-4651-9eb1-3903c52fede7","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":"0ae603e2-457c-47c2-b131-2a04fd85533f","block_type":"box","text":"the European Union Alternative Investment Fund Managers","page_number":4,"box":{"x":50,"y":350,"width":378,"height":8}},{"id":"5d28e002-6840-46a0-8d19-1e048e31574d","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":"f548ff2e-3efb-4fbe-be1d-a17c83f3d641","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":"657c6ed8-3edb-4134-96e5-eab794b28de6","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":"09ccb808-63b9-459b-8b43-127b7e9e036f","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":"ba7d1ea7-21da-4d2e-be2a-7bbaee0af936","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":"6f211afd-ea4a-414b-95b6-85a71863584d","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":"a7f8d03a-46f8-4c63-8b70-0c452f8f50ea","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":"6ff4fe2d-b581-44f3-b566-c2da9e5a5e1a","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":"8e5306a5-4f7d-46f3-b63e-befaae03e88f","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":"5acea280-ce57-4226-9804-7543fb063c4a","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":"cb4a283f-6c25-4b3d-8e26-19ca23ab9a11","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":"62e777d5-74e8-4281-a13e-e4fa5a42c170","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":"1d862141-3719-40d0-afbf-0d4e79a94e68","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":"e91bfbbe-14ba-4b01-89b1-399012132f96","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":"1c6147eb-4095-4eb4-911a-cee7ceeb94d5","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":"2eb8e6e5-f5ff-49d9-93de-919594b72a71","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":"16da8553-b34d-47c6-ac9c-30c8759352f9","block_type":"box","text":"Advisors Limited.","page_number":4,"box":{"x":515,"y":238,"width":103,"height":6}},{"id":"1d78449c-5d6f-44ff-9d74-ca6b312b6b7d","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":"4d2a4538-c855-4e1d-abc9-ac8c9ab97661","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":"1ed89968-a8d9-41f3-8dd4-ab14bef4df70","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":"2ba01d49-8de0-48a6-8dc4-1f369c9dc441","block_type":"box","text":"advisor. Read it carefully before investing.","page_number":4,"box":{"x":515,"y":294,"width":266,"height":8}},{"id":"1a5709aa-9cda-47a3-8139-0fa5091b5a14","block_type":"box","text":"© 2026 State Street Corporation - All Rights Reserved.","page_number":4,"box":{"x":515,"y":319,"width":326,"height":9}},{"id":"f3fe7f2e-89d0-47a6-b110-c2d666d062d6","block_type":"box","text":"Tracking Code : 8886773.1.1.EMEA.INST","page_number":4,"box":{"x":515,"y":332,"width":236,"height":9}},{"id":"4104ac5e-208c-4e84-88bd-672009bbd812","block_type":"box","text":"Expiration Date : 04.30.2027","page_number":4,"box":{"x":516,"y":345,"width":169,"height":9}},{"id":"caad1523-d24e-4a6d-a0be-655e15f6af44","block_type":"box","text":"State Street Global Advisors Worldwide Ent","page_number":4,"box":{"x":515,"y":358,"width":259,"height":7}},{"id":"413116dc-b3d4-420a-8dad-ac9110f85c92","block_type":"box","text":"ities","page_number":4,"box":{"x":775,"y":358,"width":23,"height":7}},{"id":"7ad33614-9134-468c-b429-5153281cf92b","block_type":"box","text":"Report ID: 5648621.1","page_number":4,"box":{"x":362,"y":968,"width":113,"height":9}},{"id":"1b8c6d8c-808b-42b6-a734-176012772919","block_type":"box","text":"Published: 13 Oct 2026","page_number":4,"box":{"x":496,"y":968,"width":128,"height":7}},{"id":"9d939b3f-a5ef-4876-a84c-6c60d3b80d4c","block_type":"box","text":"P","page_number":4,"box":{"x":898,"y":968,"width":6,"height":6}},{"id":"07536d9f-17dc-4255-86eb-7f2ec132393c","block_type":"box","text":"a","page_number":4,"box":{"x":904,"y":970,"width":6,"height":4}},{"id":"fa80ccd9-a8f3-491a-b02b-225957699532","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":5,"height":5}},{"id":"a12abd82-acf6-4633-bac2-a61e9cee7987","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"a919eaaa-2b4e-4ce4-9360-afc33644815e","block_type":"box","text":"4","page_number":4,"box":{"x":923,"y":968,"width":7,"height":6}},{"id":"ddf4df86-cecf-4592-b567-b27e4b143f2e","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"8cce7455-5870-4e5d-bf5d-c26ad4b8558d","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":"d9c2c65c-0d14-4dcf-8abd-399fce0b7098"},"user_id":1000002,"date_created":"2026-10-17T01:04:39.088000Z","date_modified":"2026-10-17T01:04:39.088000Z","private":false}