{"annotation_id":"f0336f05-ec3d-4778-96aa-ffd07b213a14","file_hash":"e1e4e067751dc76b5581d677fdacd654e4b51894e0a450b218be2c02214ad946","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"d1320bc8-e4ff-4cff-a9c8-b0fc9affa3e4","block_type":"box","text":"UK Conventional Gilt Jan 2060 Index","page_number":1,"box":{"x":52,"y":71,"width":637,"height":18}},{"id":"07ffd97c-0761-41d5-8a07-6f280cfc7634","block_type":"box","text":"Sub-Fund","page_number":1,"box":{"x":51,"y":105,"width":167,"height":19}},{"id":"3dce02de-96c1-4571-8a31-4c93b7acbd25","block_type":"box","text":"Asset Class","page_number":1,"box":{"x":754,"y":46,"width":58,"height":6}},{"id":"3dbcea96-b647-4e11-a910-41a289b776a8","block_type":"box","text":"Fixed Income","page_number":1,"box":{"x":754,"y":62,"width":71,"height":5}},{"id":"74c0a66a-7b32-46ed-a91e-51da19ab89e4","block_type":"box","text":"Fund Identifier","page_number":1,"box":{"x":754,"y":92,"width":72,"height":6}},{"id":"2d50e8e5-e912-4c27-84e8-17acaf37a1fe","block_type":"box","text":"GB00BDCLKN43","page_number":1,"box":{"x":754,"y":106,"width":93,"height":6}},{"id":"49d71927-396a-4b1f-9a86-884a9dbe868f","block_type":"box","text":"As of 31 Oct 2025","page_number":1,"box":{"x":753,"y":136,"width":92,"height":6}},{"id":"bb160e12-a54b-4542-8dae-c9942aa77ebe","block_type":"box","text":"The information presented is intend to provide transparency to investors around sustainability characteristics of the fund. Presenting this information should not be construed as a","page_number":1,"box":{"x":50,"y":182,"width":883,"height":7}},{"id":"32711c9f-ffc7-41f8-ba38-c8b30a2f1b9a","block_type":"box","text":"representation of the fund’s current or future investment objective, nor should it be viewed as an indicator of the fund manager’s current or future investment decision-making.","page_number":1,"box":{"x":51,"y":192,"width":860,"height":8}},{"id":"919d4858-261f-402e-8026-dda9b5731472","block_type":"box","text":"Source: State Street Investment Management, MSCI, CBI. Holdings as of 31 Oct 2025,","page_number":1,"box":{"x":50,"y":228,"width":424,"height":7}},{"id":"97f8fcc6-1e0c-4e7b-aad7-abbdfa2a4df6","block_type":"box","text":"sustainability data as of 30 Sep 2025.","page_number":1,"box":{"x":50,"y":238,"width":188,"height":8}},{"id":"3a46c041-aab3-44c2-a112-ca1892477923","block_type":"box","text":"See Glossary for definitions and detailed calculation notes such as missing data","page_number":1,"box":{"x":50,"y":247,"width":393,"height":8}},{"id":"c2cac58c-272a-4404-82cb-85657ae9e607","block_type":"box","text":"treatment, data lag and exclusions. The results are estimates based on assumptions","page_number":1,"box":{"x":50,"y":258,"width":416,"height":7}},{"id":"886aa902-5e24-47d2-a343-f36f67717337","block_type":"box","text":"and analysis made by State Street Investment Management. They are not intended to","page_number":1,"box":{"x":50,"y":269,"width":423,"height":7}},{"id":"90b60a4d-7e9a-4a58-bba4-fcd12b701b2d","block_type":"box","text":"represent actual results of any offering.","page_number":1,"box":{"x":51,"y":279,"width":192,"height":8}},{"id":"a25ba817-b798-4c60-bf64-e6d9b7a4999f","block_type":"box","text":"Actual results may differ.","page_number":1,"box":{"x":50,"y":291,"width":123,"height":7}},{"id":"b1963ae0-289a-4d44-9467-7646116ca7e1","block_type":"box","text":"Green Bonds","page_number":1,"box":{"x":50,"y":332,"width":97,"height":8}},{"id":"9461da0e-c821-46e3-a9a5-0b6068c9b2fd","block_type":"box","text":"0.00%","page_number":1,"box":{"x":111,"y":362,"width":51,"height":8}},{"id":"eb7f70da-f444-4c98-b17f-b11f1c24e5dc","block_type":"box","text":"Adverse Sustainability Indicator","page_number":1,"box":{"x":50,"y":411,"width":241,"height":10}},{"id":"3fbf246d-955e-4bbb-acf0-a0407b03514b","block_type":"box","text":"Sovereign - Additional Social","page_number":1,"box":{"x":50,"y":437,"width":154,"height":7}},{"id":"be34bf35-1c8f-4de3-95e2-ba664bf52f24","block_type":"box","text":"Average Income Inequality Score","page_number":1,"box":{"x":50,"y":485,"width":165,"height":7}},{"id":"ac4c1ecf-aa10-4e3d-ba83-66f6b8e4c004","block_type":"box","text":"32.79","page_number":1,"box":{"x":359,"y":486,"width":38,"height":6}},{"id":"936d6b49-2ab6-4459-ad58-d3245e7f75ab","block_type":"box","text":"Average Freedom Of Expression Score","page_number":1,"box":{"x":50,"y":501,"width":195,"height":7}},{"id":"f3cb7e09-f42c-4bb0-b112-bb4a299f04d1","block_type":"box","text":"77.00","page_number":1,"box":{"x":359,"y":502,"width":38,"height":6}},{"id":"601165e4-f70e-4542-959c-150833c7d688","block_type":"box","text":"Sovereign - Governance","page_number":1,"box":{"x":50,"y":522,"width":129,"height":8}},{"id":"5c39878a-9b89-4fc8-b4b4-d81d2cc514ae","block_type":"box","text":"Average Corruption Score","page_number":1,"box":{"x":50,"y":570,"width":131,"height":7}},{"id":"e9afb04c-cf27-4bd6-87a1-1acbb0c3af65","block_type":"box","text":"71.00","page_number":1,"box":{"x":359,"y":571,"width":38,"height":6}},{"id":"e24ef54f-64cb-42f4-92a1-a4d618a17314","block_type":"box","text":"Sovereign - Jurisdictions","page_number":1,"box":{"x":50,"y":592,"width":133,"height":7}},{"id":"33719930-e998-44d9-8399-7131b0b54b0c","block_type":"box","text":"Average Political Stability Score","page_number":1,"box":{"x":50,"y":640,"width":159,"height":7}},{"id":"64b9689f-2eb7-48e9-a8d9-6e7910ba2f86","block_type":"box","text":"7.12","page_number":1,"box":{"x":367,"y":641,"width":30,"height":5}},{"id":"433b261c-fa75-4bb6-ab71-c8f0bd8b2b0a","block_type":"box","text":"Average Rule Of Law Score","page_number":1,"box":{"x":50,"y":655,"width":136,"height":8}},{"id":"06da05bf-2e3f-4168-a878-d9e3ad8343c7","block_type":"box","text":"1.40","page_number":1,"box":{"x":367,"y":656,"width":30,"height":6}},{"id":"732145d6-dcd0-4299-8a2e-20fb18bcee25","block_type":"box","text":"ESG Score","page_number":1,"box":{"x":535,"y":228,"width":79,"height":8}},{"id":"77bddae5-bdf6-43e3-a6e0-9d36a219b6dd","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":608,"y":251,"width":41,"height":6}},{"id":"cbf7a56b-cec6-4b68-8149-6b62e1ae8551","block_type":"box","text":"6.59","page_number":1,"box":{"x":609,"y":263,"width":79,"height":15}},{"id":"c996777a-7d91-4c67-a779-c67ba5a3889c","block_type":"box","text":"ESG Rating","page_number":1,"box":{"x":770,"y":228,"width":84,"height":10}},{"id":"4bcfa0a3-0e3d-4abc-be5a-d2f84cd9fb02","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":842,"y":251,"width":42,"height":6}},{"id":"3a053406-955e-4440-b5f8-f86c8b6cac6a","block_type":"box","text":"A","page_number":1,"box":{"x":842,"y":263,"width":19,"height":15}},{"id":"eba1f895-ad5f-4e26-8625-aa051e93acce","block_type":"box","text":"ESG Rating Distribution","page_number":1,"box":{"x":516,"y":333,"width":176,"height":10}},{"id":"ad36ee67-0e49-48e2-a8bc-fb215bbc54b8","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":907,"y":357,"width":41,"height":6}},{"id":"99a07e2a-e050-45ae-85b6-9a1361db4f25","block_type":"box","text":"ESG Leaders","page_number":1,"box":{"x":516,"y":371,"width":65,"height":6}},{"id":"057c8db3-0a6a-487a-a29a-8e9591ee35e2","block_type":"box","text":"0.00%","page_number":1,"box":{"x":910,"y":372,"width":38,"height":6}},{"id":"86e0045e-2b1e-496a-81ab-bbe545058942","block_type":"box","text":"ESG Average","page_number":1,"box":{"x":516,"y":387,"width":66,"height":7}},{"id":"9c172de5-1313-435b-a942-b64d25970846","block_type":"box","text":"100.00%","page_number":1,"box":{"x":896,"y":388,"width":52,"height":6}},{"id":"863b7b82-53be-4bdc-accc-b18558b7e695","block_type":"box","text":"ESG Laggards","page_number":1,"box":{"x":516,"y":403,"width":71,"height":7}},{"id":"850dddbe-6952-4f9d-853a-94ab432368c0","block_type":"box","text":"0.00%","page_number":1,"box":{"x":910,"y":404,"width":38,"height":6}},{"id":"1d467a19-b27a-48c3-b46e-dc811455ab18","block_type":"box","text":"ESG Not Covered","page_number":1,"box":{"x":516,"y":418,"width":88,"height":6}},{"id":"72ce8ad0-3061-4887-950c-9ad3c820bc64","block_type":"box","text":"0.00%","page_number":1,"box":{"x":910,"y":420,"width":38,"height":5}},{"id":"74541d36-ba3e-441f-8e0d-e45fe923e581","block_type":"box","text":"Weighted Average Carbon Intensity","page_number":1,"box":{"x":515,"y":456,"width":268,"height":10}},{"id":"e10f0040-cf23-4ffc-a85a-5621247b2fc9","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":760,"y":492,"width":39,"height":6}},{"id":"0263c990-59f5-4f9a-9ee0-7216f61d98f3","block_type":"box","text":"Coverage %","page_number":1,"box":{"x":892,"y":482,"width":56,"height":7}},{"id":"e75004c8-a107-471f-83ab-7c014d3929b7","block_type":"box","text":"MV Portfolio","page_number":1,"box":{"x":891,"y":492,"width":57,"height":6}},{"id":"5b747af1-02c0-47c4-b458-63fb04576d0c","block_type":"box","text":"Scope 1 Exclude LULUCF","page_number":1,"box":{"x":515,"y":506,"width":118,"height":7}},{"id":"b2a10844-1875-4da6-8570-ea9c70b8b6f9","block_type":"box","text":"99.03","page_number":1,"box":{"x":764,"y":507,"width":34,"height":5}},{"id":"a0f84461-74f8-4118-a107-7270847eb7aa","block_type":"box","text":"100.00","page_number":1,"box":{"x":906,"y":507,"width":42,"height":5}},{"id":"7865aa78-e9a9-485e-b975-867f5ebd1fc4","block_type":"box","text":"Scope 1 Include LULUCF","page_number":1,"box":{"x":515,"y":521,"width":115,"height":7}},{"id":"c91efadf-11aa-41a6-af8b-387b8b36d788","block_type":"box","text":"103.03","page_number":1,"box":{"x":757,"y":522,"width":41,"height":6}},{"id":"eb99d63a-6e4d-490f-bfd3-e9624565c747","block_type":"box","text":"100.00","page_number":1,"box":{"x":906,"y":522,"width":42,"height":6}},{"id":"f99346ef-8f33-4217-b9b2-bc3c0ea6526e","block_type":"box","text":"Consumption","page_number":1,"box":{"x":516,"y":537,"width":62,"height":6}},{"id":"a9638d68-6551-4dac-86f0-d05d786274a0","block_type":"box","text":"138.85","page_number":1,"box":{"x":757,"y":538,"width":42,"height":5}},{"id":"d0a89769-31e4-4815-9c4e-74608202e659","block_type":"box","text":"100.00","page_number":1,"box":{"x":906,"y":538,"width":42,"height":5}},{"id":"ff167562-e82f-45f5-bb87-c49beb50fadd","block_type":"box","text":"Total Carbon Emissions","page_number":1,"box":{"x":516,"y":574,"width":177,"height":8}},{"id":"ea3e8a06-e722-4889-8dc8-34209fe979fa","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":757,"y":609,"width":42,"height":6}},{"id":"78794fed-e13d-44b8-ac9f-cc7d6c5869f7","block_type":"box","text":"Coverage %","page_number":1,"box":{"x":888,"y":599,"width":60,"height":7}},{"id":"a9649813-687a-47ab-b656-40d2ea493f60","block_type":"box","text":"MV Portfolio","page_number":1,"box":{"x":887,"y":609,"width":61,"height":6}},{"id":"8df84a00-6132-45d7-9d75-a398eac8efe0","block_type":"box","text":"Scope 1 Exclude LULUCF","page_number":1,"box":{"x":516,"y":623,"width":126,"height":8}},{"id":"7c8a02f5-47f2-43ab-a59c-72178c388aaf","block_type":"box","text":"2,998.15","page_number":1,"box":{"x":738,"y":625,"width":60,"height":7}},{"id":"d7a4e91f-d8c2-489b-b7d5-ce5494369ff6","block_type":"box","text":"100.00","page_number":1,"box":{"x":903,"y":625,"width":45,"height":6}},{"id":"bab7cd32-526d-4174-8006-59ffeaad62d4","block_type":"box","text":"Scope 1 Include LULUCF","page_number":1,"box":{"x":516,"y":639,"width":122,"height":7}},{"id":"20a25a9b-a4af-40a7-8589-f155a92c79fd","block_type":"box","text":"3,119.45","page_number":1,"box":{"x":738,"y":640,"width":60,"height":8}},{"id":"1bdd0ce3-59c9-4c8b-a827-eda592e93eca","block_type":"box","text":"100.00","page_number":1,"box":{"x":903,"y":640,"width":45,"height":6}},{"id":"fc5f686d-df26-4618-8da4-f498058fd60f","block_type":"box","text":"Consumption","page_number":1,"box":{"x":516,"y":655,"width":67,"height":7}},{"id":"70a1fd4f-93a4-4ecc-aef7-de85f9a38f1c","block_type":"box","text":"4,203.93","page_number":1,"box":{"x":738,"y":656,"width":60,"height":7}},{"id":"e0034ffc-9800-400b-a498-2eb388007e9b","block_type":"box","text":"100.00","page_number":1,"box":{"x":903,"y":656,"width":45,"height":6}},{"id":"916710cf-791b-4e32-a628-8f01a013fb85","block_type":"box","text":"Government Freedom Status","page_number":1,"box":{"x":516,"y":692,"width":221,"height":8}},{"id":"e14168cc-ffec-4615-9a39-797937646739","block_type":"box","text":"(Market Value)","page_number":1,"box":{"x":516,"y":707,"width":63,"height":5}},{"id":"26e59946-9f4f-49cf-b261-1ecd7d912e7d","block_type":"box","text":"Portfolio","page_number":1,"box":{"x":624,"y":737,"width":39,"height":5}},{"id":"7ebdba49-71dd-4432-af06-0770d7ccc2b6","block_type":"box","text":"Free","page_number":1,"box":{"x":533,"y":756,"width":20,"height":6}},{"id":"3a51a7f1-fe05-473f-b10b-b7d8d4b2dca7","block_type":"box","text":"100.00%","page_number":1,"box":{"x":609,"y":757,"width":53,"height":6}},{"id":"f12ce6ce-ed2f-45c2-a660-05366db09812","block_type":"box","text":"Partially Free","page_number":1,"box":{"x":533,"y":776,"width":60,"height":7}},{"id":"3cf4e527-1dc7-4730-813b-919984346fca","block_type":"box","text":"0.00%","page_number":1,"box":{"x":624,"y":777,"width":38,"height":6}},{"id":"33400a6f-0b1f-43ad-a078-fd6a98eb6eb9","block_type":"box","text":"Not Free","page_number":1,"box":{"x":533,"y":796,"width":39,"height":6}},{"id":"2f030e8b-5607-414b-8b57-f0b7dda794e2","block_type":"box","text":"0.00%","page_number":1,"box":{"x":624,"y":797,"width":38,"height":6}},{"id":"3fa30c14-6553-4ffa-874b-15f7457093a9","block_type":"box","text":"No Data","page_number":1,"box":{"x":533,"y":816,"width":37,"height":6}},{"id":"90b01034-3d18-4b2f-9162-58d6fc092bcd","block_type":"box","text":"0.00%","page_number":1,"box":{"x":624,"y":817,"width":38,"height":6}},{"id":"7458e2c5-434e-44b9-a42f-4c6b0c0f5714","block_type":"box","text":"Report ID: 5088528.1","page_number":1,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"3eff5711-4741-414e-991b-fd4069fb01ba","block_type":"box","text":"Published: 18 Nov 2025","page_number":1,"box":{"x":496,"y":968,"width":129,"height":7}},{"id":"1084ee49-ed6a-43b4-b2d5-0abdaa5e4730","block_type":"box","text":"P","page_number":1,"box":{"x":902,"y":968,"width":5,"height":6}},{"id":"c7de0bdf-eadb-44b1-a167-b638da3de953","block_type":"box","text":"a","page_number":1,"box":{"x":908,"y":970,"width":5,"height":4}},{"id":"7dd13153-4d83-4a92-9928-71e49146d496","block_type":"box","text":"g","page_number":1,"box":{"x":913,"y":970,"width":6,"height":5}},{"id":"c309af05-c274-42fc-bda2-ed285365c4e3","block_type":"box","text":"e","page_number":1,"box":{"x":919,"y":970,"width":5,"height":4}},{"id":"6e4ffb49-8eee-4c05-91d3-bcc102d93497","block_type":"box","text":"1","page_number":1,"box":{"x":927,"y":968,"width":2,"height":6}},{"id":"933c7426-5807-464c-af87-6815f0db931c","block_type":"box","text":"of","page_number":1,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"8118369d-28e2-44d8-ab13-e0edabd60f34","block_type":"box","text":"5","page_number":1,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"ad7bdbcf-cc63-45cc-b43e-3e97f5f47661","block_type":"box","text":"Glossary","page_number":2,"box":{"x":51,"y":57,"width":129,"height":19}},{"id":"1c7eb7ec-497e-49be-a7cd-cdf14c415975","block_type":"box","text":"Sustainability data is as of the date identified in the report sections","page_number":2,"box":{"x":50,"y":92,"width":394,"height":9}},{"id":"e0dd82f5-90d0-4b5e-a326-c635bc620175","block_type":"box","text":"above, usually on a month lag. All metrics are reported in USD unless","page_number":2,"box":{"x":50,"y":105,"width":406,"height":9}},{"id":"afb6b5d5-6a19-4380-9df3-bdd6c5d389a6","block_type":"box","text":"otherwise stated.","page_number":2,"box":{"x":50,"y":118,"width":102,"height":7}},{"id":"52194e91-2044-484a-809c-4e1d54964e5b","block_type":"box","text":"Data Treatments:","page_number":2,"box":{"x":51,"y":135,"width":111,"height":7}},{"id":"36836d3e-4fd9-4fa8-b4f7-0909616ea608","block_type":"box","text":"State Street applies the data treatments where appli","page_number":2,"box":{"x":168,"y":135,"width":310,"height":9}},{"id":"53cf2c96-a93b-4c0f-9c2f-c3ea180213e7","block_type":"box","text":"cable to Sustainability Metrics. To review the data treatments and the","page_number":2,"box":{"x":50,"y":148,"width":413,"height":9}},{"id":"f3b99164-0e90-4982-b998-e5b8033cac1a","block_type":"box","text":"metrics they are applied to please see the data treatments table below.","page_number":2,"box":{"x":51,"y":161,"width":419,"height":9}},{"id":"867aba52-d377-427d-81f6-1c421d56f128","block_type":"box","text":"ESG Score/ESG Rating - MSCI:","page_number":2,"box":{"x":51,"y":178,"width":194,"height":9}},{"id":"406d6c6a-cbe5-4821-80b7-e8b81545a890","block_type":"box","text":"Provide an opinion of sovereign and","page_number":2,"box":{"x":249,"y":178,"width":210,"height":9}},{"id":"a189a55a-c6a8-4967-b16a-95d109ab2890","block_type":"box","text":"sub-sovereign entities’ exposure to and management of ESG risks. MSCI","page_number":2,"box":{"x":50,"y":191,"width":429,"height":9}},{"id":"3a9cd853-51f6-426f-aa14-d547617c1e07","block_type":"box","text":"ESG Research defines ESG risks to sovereign or sub sovereign entities","page_number":2,"box":{"x":51,"y":204,"width":417,"height":9}},{"id":"8a96cd80-fd84-4cb6-927d-7f3a69421eb7","block_type":"box","text":"as environmental, social, or governance-related issues that could impact","page_number":2,"box":{"x":50,"y":217,"width":430,"height":9}},{"id":"10d862e0-e7ed-4646-987d-4422748ebc4b","block_type":"box","text":"the long-term sustainability of their economies. MSCI ESG Government","page_number":2,"box":{"x":50,"y":230,"width":423,"height":9}},{"id":"8fd09e06-0a8b-43ec-b135-c26ba6be7bd6","block_type":"box","text":"Ratings are determined for countries, local authorities, and supranational","page_number":2,"box":{"x":51,"y":243,"width":431,"height":8}},{"id":"51a04266-bde3-408b-8e24-a2a24c2356bb","block_type":"box","text":"administrative bodies and are relative to a global peer set. Each rating","page_number":2,"box":{"x":50,"y":256,"width":413,"height":8}},{"id":"d5ed177c-57d4-4826-b3c0-994f2fccaeb4","block_type":"box","text":"takes into consideration measures of environmental risk and manage","page_number":2,"box":{"x":50,"y":268,"width":410,"height":9}},{"id":"b5c5d45e-7c63-4bf5-afa8-5c6d6df5e2fa","block_type":"box","text":"ment, knowledge and social capital, and the strength of financial, judicial,","page_number":2,"box":{"x":51,"y":281,"width":428,"height":9}},{"id":"2c8d9321-38c9-4af5-ba58-f64e3b515822","block_type":"box","text":"and political systems. ESG Government Scores are calculated for all","page_number":2,"box":{"x":50,"y":294,"width":404,"height":9}},{"id":"8e2a7f7e-607c-4bcf-a58c-7cf8c16a3ce9","block_type":"box","text":"countries and then converted into a letter rating. The AAA rating rep","page_number":2,"box":{"x":50,"y":307,"width":405,"height":9}},{"id":"6d29b47e-6e16-40da-954e-1b7e3d914a9c","block_type":"box","text":"resents the highest ESG Rating (i.e., lower ESG risk exposure and stron","page_number":2,"box":{"x":51,"y":319,"width":416,"height":9}},{"id":"06a99dd5-ce2e-4486-8015-936b4abcb7b6","block_type":"box","text":"ger risk management) whereas the CCC rating represents the lowest","page_number":2,"box":{"x":50,"y":332,"width":408,"height":9}},{"id":"61f87e2f-ceac-43b5-8fbe-b2973b4711b1","block_type":"box","text":"ESG Rating (i.e., higher ESG risk exposure and weaker risk management).","page_number":2,"box":{"x":51,"y":345,"width":432,"height":9}},{"id":"fed639ff-bc69-4a17-8141-3afc74934586","block_type":"box","text":"ESG Ratings Distribution - MSCI","page_number":2,"box":{"x":51,"y":363,"width":203,"height":9}},{"id":"e1e7d4fb-11da-4d87-9134-5885df5848e1","block_type":"box","text":"ESG Leaders: Rated AAA or AA:","page_number":2,"box":{"x":78,"y":380,"width":203,"height":7}},{"id":"0c4c9039-2c97-448c-9566-2a4d05677f81","block_type":"box","text":"Issuers(sovereign) that have","page_number":2,"box":{"x":285,"y":380,"width":167,"height":9}},{"id":"bf0a615f-90bb-4c13-8c7b-ef1569c6e12a","block_type":"box","text":"strong management of financially relevant environmental, social and","page_number":2,"box":{"x":77,"y":393,"width":404,"height":9}},{"id":"91c02c59-b1f9-4462-bf2d-24a80a6f0b2e","block_type":"box","text":"AA governance issues.","page_number":2,"box":{"x":77,"y":406,"width":135,"height":9}},{"id":"2dfdb804-762a-46e5-b67e-50058074fad9","block_type":"box","text":"ESG Average: Rated A, BBB or BB:","page_number":2,"box":{"x":78,"y":424,"width":217,"height":8}},{"id":"af1c6ef7-982e-4fdb-ab55-9b07d8ee0a92","block_type":"box","text":"Issuers(sovereign) that have","page_number":2,"box":{"x":299,"y":423,"width":166,"height":9}},{"id":"09af1d3b-ff55-4c97-9a0a-129526913857","block_type":"box","text":"average management of ESG issues.","page_number":2,"box":{"x":77,"y":436,"width":217,"height":9}},{"id":"65345ab7-3004-4528-b47d-e30a25994498","block_type":"box","text":"ESG Laggards: Rated B or CCC:","page_number":2,"box":{"x":78,"y":454,"width":199,"height":9}},{"id":"17defb54-3466-4fff-a135-f01d670afcbf","block_type":"box","text":"Issuers(sovereign) that do not","page_number":2,"box":{"x":282,"y":454,"width":175,"height":9}},{"id":"51eddd29-2aa1-49b6-833e-24a0fcede201","block_type":"box","text":"demonstrate adequate management of the financially relevant ESG","page_number":2,"box":{"x":77,"y":467,"width":400,"height":9}},{"id":"04ad11f2-4b4d-4bac-9613-29c7d9d8c4ee","block_type":"box","text":"risks that they face.","page_number":2,"box":{"x":78,"y":480,"width":114,"height":8}},{"id":"6dbeac14-e473-4849-9385-ad79803be568","block_type":"box","text":"ESG Not Covered:","page_number":2,"box":{"x":78,"y":497,"width":113,"height":7}},{"id":"7909e769-641f-4f60-828e-b78667917406","block_type":"box","text":"Issuers(sovereign) which have not been evaluat","page_number":2,"box":{"x":195,"y":497,"width":280,"height":9}},{"id":"11393fba-fad7-4c3c-a617-d587c7bf1a42","block_type":"box","text":"ed for ESG sustainability risks.","page_number":2,"box":{"x":77,"y":510,"width":179,"height":9}},{"id":"0ebc3d35-49c8-48d5-b70f-f56cc5a50abf","block_type":"box","text":"Green Bonds – CBI:","page_number":2,"box":{"x":50,"y":528,"width":123,"height":7}},{"id":"cfb17447-0c96-4768-9481-267568798c0d","block_type":"box","text":"Market Value of Securities with Green Bonds as","page_number":2,"box":{"x":177,"y":528,"width":281,"height":7}},{"id":"90c48fb3-2a14-40b1-951b-988359d8416f","block_type":"box","text":"a Percentage of the Total Market Value of all Securities in the Portfolio.","page_number":2,"box":{"x":50,"y":540,"width":416,"height":9}},{"id":"79c30298-f09e-49fd-a4be-1250d30aa23c","block_type":"box","text":"Bonds are identified as green if they meet the criteria for Climate Bonds","page_number":2,"box":{"x":51,"y":553,"width":423,"height":9}},{"id":"55fb7e32-02b0-4bb1-ad02-8a6a65ae41eb","block_type":"box","text":"Initiative’s (CBI) green labelled database. For more information on the","page_number":2,"box":{"x":51,"y":566,"width":408,"height":9}},{"id":"cd2d5144-edb6-488c-a406-354eac6f79f9","block_type":"box","text":"Green Bond Database methodology, please visit","page_number":2,"box":{"x":50,"y":579,"width":286,"height":9}},{"id":"4a757991-1ea1-4e86-9d5f-0d20e4b289eb","block_type":"box","text":"https://www.climate","page_number":2,"box":{"x":340,"y":579,"width":116,"height":9}},{"id":"5c7a1921-f52c-46f8-98d8-f7d8e8007656","block_type":"box","text":"bonds.net/data-insights/market-data/green-bond-dataset-methodology","page_number":2,"box":{"x":51,"y":592,"width":431,"height":9}},{"id":"0134b0eb-3c84-4de3-bade-c522058c8ac9","block_type":"box","text":"Adverse Sustainability Indicators(Weighted Average) - MSCI","page_number":2,"box":{"x":50,"y":609,"width":387,"height":9}},{"id":"2ebada1a-3220-44fa-b4ec-a45ce183aa6b","block_type":"box","text":"Average Income Inequality Score(Weighted):","page_number":2,"box":{"x":77,"y":627,"width":286,"height":9}},{"id":"887b480f-11ea-464e-bd16-07bc1061b6b2","block_type":"box","text":"measures the","page_number":2,"box":{"x":367,"y":627,"width":80,"height":7}},{"id":"64e0b337-0597-404a-9854-49c45b183289","block_type":"box","text":"extent to which the distribution of income (or, in some cases, con","page_number":2,"box":{"x":77,"y":640,"width":382,"height":8}},{"id":"9dbc5e55-55a2-4a05-9688-17b5275ba44c","block_type":"box","text":"sumption expenditure) among individuals or households within an","page_number":2,"box":{"x":77,"y":652,"width":388,"height":9}},{"id":"f68f59c9-c0b8-485c-930b-5a5d01c64231","block_type":"box","text":"economy deviates from a perfectly equal distribution.","page_number":2,"box":{"x":77,"y":665,"width":317,"height":9}},{"id":"55e24b68-1074-4f34-b1fe-4c85ca400d71","block_type":"box","text":"Average Corruption Score(Weighted):","page_number":2,"box":{"x":77,"y":683,"width":242,"height":9}},{"id":"cc56e1b7-4697-459f-8a75-4a2af9223096","block_type":"box","text":"Perceptions of public-sec","page_number":2,"box":{"x":324,"y":683,"width":151,"height":9}},{"id":"bd846414-5628-4eb4-bea4-5d831aa4006a","block_type":"box","text":"tor corruption, including bribery, diversion of public funds, use of","page_number":2,"box":{"x":77,"y":696,"width":381,"height":9}},{"id":"481c796a-6d12-4023-a23a-78aa3704f655","block_type":"box","text":"public office for private gain, nepotism in the civil service, state","page_number":2,"box":{"x":78,"y":709,"width":369,"height":8}},{"id":"af3b9ae8-0c63-4f6a-8d69-29abe1e59d0e","block_type":"box","text":"capture and mechanisms available to prevent corruption.","page_number":2,"box":{"x":77,"y":722,"width":339,"height":8}},{"id":"eb2d5410-b4c4-4fa3-b506-132b7e630bde","block_type":"box","text":"Average Rule of Law Score(Weighted):","page_number":2,"box":{"x":77,"y":739,"width":245,"height":9}},{"id":"a4f68959-3aaa-4ba5-b939-09f873b47188","block_type":"box","text":"measures the strength","page_number":2,"box":{"x":326,"y":739,"width":133,"height":9}},{"id":"e0f2f330-e5e7-444d-a4e8-952e017b93f0","block_type":"box","text":"and predictability of a country’s legal system and institutions. As","page_number":2,"box":{"x":77,"y":752,"width":379,"height":9}},{"id":"65cd4a79-b94b-46cb-ba62-8488593e40ee","block_type":"box","text":"sesses factors like: Protection of property rights, Contract enforce","page_number":2,"box":{"x":77,"y":765,"width":392,"height":8}},{"id":"ff93fd19-c93e-4000-a6b3-5bb57f412fef","block_type":"box","text":"ment, Absence of corruption, Public safety and security.","page_number":2,"box":{"x":78,"y":778,"width":331,"height":8}},{"id":"d274f15e-f83a-43dc-9748-c4d276f59ab1","block_type":"box","text":"Average Freedom of Expression Score(Weighted):","page_number":2,"box":{"x":77,"y":795,"width":319,"height":9}},{"id":"e17469d6-5411-4154-83ac-e4234b9ea805","block_type":"box","text":"assesses","page_number":2,"box":{"x":399,"y":797,"width":55,"height":5}},{"id":"75af7fed-32f7-4e95-b854-13a945bc2792","block_type":"box","text":"the extent to which countries and their citizens enjoy freedom of","page_number":2,"box":{"x":77,"y":808,"width":381,"height":9}},{"id":"c1a3d609-5554-4ea4-b0ad-8a69bf18e666","block_type":"box","text":"expression. It evaluates the protection and promotion of fundamen","page_number":2,"box":{"x":77,"y":821,"width":395,"height":8}},{"id":"870e3374-8c72-4a0b-9db3-e590eefa62c7","block_type":"box","text":"tal freedoms, including freedom of speech, press, assembly, and","page_number":2,"box":{"x":77,"y":834,"width":379,"height":8}},{"id":"3bd2ba8f-dd2a-440a-b06f-d4986107616b","block_type":"box","text":"association.","page_number":2,"box":{"x":77,"y":847,"width":70,"height":6}},{"id":"53a0838a-9f21-4b37-a248-4a1340fc1da7","block_type":"box","text":"Average Political Stability Score(Weighted):","page_number":2,"box":{"x":77,"y":864,"width":280,"height":9}},{"id":"8b098fdb-c8ab-4dca-9c65-d75aa2aa0d6d","block_type":"box","text":"assesses the poten","page_number":2,"box":{"x":361,"y":864,"width":114,"height":9}},{"id":"b98e2ca2-0bef-4b62-a741-a9cfe37ab61e","block_type":"box","text":"tial adverse impacts of investment decisions on sustainability fac","page_number":2,"box":{"x":77,"y":877,"width":385,"height":8}},{"id":"77467903-58a6-48e4-887c-b2e8670a7aff","block_type":"box","text":"tors. Analyzes various factors related to political stability, including","page_number":2,"box":{"x":77,"y":890,"width":393,"height":8}},{"id":"3984dd02-f104-4b3a-bd11-df92f6d4f3c7","block_type":"box","text":"government stability, internal conflict, and external conflict.","page_number":2,"box":{"x":77,"y":902,"width":350,"height":9}},{"id":"c7f7af92-ad26-496a-a37b-51c84adb80a6","block_type":"box","text":"Sovereign - Weighted Average Carbon Intensity - MSCI:","page_number":2,"box":{"x":50,"y":920,"width":355,"height":9}},{"id":"9e762ca0-c883-48b7-b1a5-4762aae1b23a","block_type":"box","text":"Weighted","page_number":2,"box":{"x":409,"y":920,"width":56,"height":9}},{"id":"594822ee-c6d0-42ae-b460-e181b7a3cfda","block_type":"box","text":"Average Carbon Intensity (WACI) evaluates a portfolio’s relative expo","page_number":2,"box":{"x":515,"y":92,"width":409,"height":9}},{"id":"98b4f9d1-93a4-4104-99f9-7d3115040b43","block_type":"box","text":"sure to carbon intensive economies. Portfolio-weighted GHG emis","page_number":2,"box":{"x":515,"y":105,"width":393,"height":9}},{"id":"3548f66d-dfbf-45a5-bd11-32e88bbd2ce0","block_type":"box","text":"sions per sovereign GDP. (PPP GDP (PPP-adjusted GDP of the country","page_number":2,"box":{"x":515,"y":117,"width":418,"height":9}},{"id":"6737d37c-7c2a-4191-8572-e7cc312c9f0c","block_type":"box","text":"expressed in millions of US dollars.)","page_number":2,"box":{"x":515,"y":130,"width":209,"height":9}},{"id":"477d9b01-212c-4cb9-8609-e80d0afba9b5","block_type":"box","text":"Scope 1 (exclude LULUCF) – MSCI:","page_number":2,"box":{"x":542,"y":148,"width":218,"height":9}},{"id":"215cb21b-c2d4-4f26-9241-c1e1b2bcaf77","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":766,"y":148,"width":180,"height":9}},{"id":"6f8d414f-0624-4632-8c10-be7add2e8186","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":161,"width":401,"height":9}},{"id":"d51c0300-bd0f-4954-aeba-678f25c1e5d3","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":174,"width":406,"height":8}},{"id":"6060800c-89d0-43aa-b408-9e153bbd128d","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located with","page_number":2,"box":{"x":542,"y":187,"width":400,"height":7}},{"id":"4a6419e8-562a-4bfc-b4dc-eed6276e7ce4","block_type":"box","text":"in the country/territory. Values exclude land use, land-use change","page_number":2,"box":{"x":542,"y":199,"width":387,"height":9}},{"id":"66f05fc0-dbf8-4cbd-b724-95db81b52f8d","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":212,"width":138,"height":9}},{"id":"0452584b-aa29-45b0-82c8-96aaf433a61c","block_type":"box","text":"Scope 1 (include LULUCF) – MSCI:","page_number":2,"box":{"x":542,"y":230,"width":215,"height":8}},{"id":"df6afbe8-75b3-46ef-98eb-e2d335183913","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":761,"y":230,"width":179,"height":8}},{"id":"59811200-7818-448e-9d02-603c95928dc2","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":242,"width":401,"height":9}},{"id":"7995237d-3ec8-41ff-8a7f-54ac1b87bc51","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":255,"width":406,"height":9}},{"id":"971c744d-d182-423b-bb15-8809302ae326","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located","page_number":2,"box":{"x":542,"y":268,"width":373,"height":7}},{"id":"af86d431-0512-4199-a3ca-7a71bd551aae","block_type":"box","text":"within the country territory. Values include land use, land-use change","page_number":2,"box":{"x":542,"y":281,"width":407,"height":9}},{"id":"84d63352-07f8-4d02-93a0-5d64aa6a67dd","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":294,"width":138,"height":9}},{"id":"e4201486-648a-4613-aee4-e038dc3dfe22","block_type":"box","text":"Consumption (Scope 1 exclude LULUCF + scope 2+3 - exported","page_number":2,"box":{"x":542,"y":311,"width":402,"height":9}},{"id":"590dec5d-03b0-4b1e-a040-b3fb3a45b075","block_type":"box","text":"emissions) – MSCI:","page_number":2,"box":{"x":542,"y":324,"width":119,"height":8}},{"id":"69e863c8-e31d-4547-a162-d5c3d141d2cc","block_type":"box","text":"The estimated consumption emissions for the","page_number":2,"box":{"x":665,"y":324,"width":272,"height":9}},{"id":"984433d6-7d55-4348-9ae5-57c7fa08bba3","block_type":"box","text":"country/territory (if available), in tons of CO2 equivalent per year","page_number":2,"box":{"x":542,"y":337,"width":382,"height":9}},{"id":"09cc8bdf-254f-4643-8096-a138dfee6981","block_type":"box","text":"(tCO2e/yr). MSCI ESG Research calculates consumption emissions","page_number":2,"box":{"x":542,"y":350,"width":401,"height":9}},{"id":"fa7a4bc0-8fb4-470a-9ff6-eaa4aca1c807","block_type":"box","text":"based on Scope 1 emissions excl. LULUCF plus Scope 2 and Scope","page_number":2,"box":{"x":542,"y":363,"width":397,"height":8}},{"id":"f4cea774-68ba-487c-b146-f025099bb37a","block_type":"box","text":"3 emissions minus exported emissions.","page_number":2,"box":{"x":542,"y":376,"width":231,"height":8}},{"id":"7ae66088-1680-48ba-bff8-c1cce7d56592","block_type":"box","text":"Total Carbon Emissions – MSCI:","page_number":2,"box":{"x":515,"y":393,"width":202,"height":7}},{"id":"54e8798b-2d1c-40a3-9c86-5efa8de7151f","block_type":"box","text":"Total carbon emissions includes all","page_number":2,"box":{"x":723,"y":393,"width":206,"height":7}},{"id":"67470b74-09c3-4330-9fd2-ab7d1486a976","block_type":"box","text":"greenhouse gas emissions produced within a country’s borders from all","page_number":2,"box":{"x":515,"y":406,"width":421,"height":9}},{"id":"e7391a54-d8e3-4d9a-8ee0-7287abcb1aa6","block_type":"box","text":"sources, including energy production, industry, agriculture, and trans","page_number":2,"box":{"x":515,"y":419,"width":405,"height":9}},{"id":"900e0019-900f-41b3-ac0d-e499714055cb","block_type":"box","text":"portation apportioned by","page_number":2,"box":{"x":515,"y":432,"width":150,"height":8}},{"id":"03ec2505-bc77-4c92-8cdc-71ad4e0d1740","block_type":"box","text":"PPP GDP","page_number":2,"box":{"x":668,"y":432,"width":58,"height":7}},{"id":"be4ccd18-7c9c-44c0-a6b5-e8f52a5f3cdf","block_type":"box","text":"(PPP-adjusted GDP of the country","page_number":2,"box":{"x":729,"y":431,"width":203,"height":9}},{"id":"097d299c-b6bd-4a27-9203-e196b2fe08f4","block_type":"box","text":"expressed in millions of US dollar).","page_number":2,"box":{"x":515,"y":444,"width":202,"height":9}},{"id":"df2b8401-1472-425c-a716-7377cf200c79","block_type":"box","text":"Scope 1 (excluding LULUCF) MSCI:","page_number":2,"box":{"x":542,"y":462,"width":220,"height":9}},{"id":"6f271b40-271b-419b-91db-93b842760ec6","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":765,"y":462,"width":180,"height":9}},{"id":"e41bb4a5-5608-4990-aa8b-0185c7aee57d","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":475,"width":401,"height":9}},{"id":"7b80fec2-eb31-4075-9fcb-005826ab9046","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":488,"width":406,"height":8}},{"id":"7b203214-223f-4a14-a7df-990e44a46e9e","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located with","page_number":2,"box":{"x":542,"y":501,"width":400,"height":7}},{"id":"e47b7c70-9b6c-4dfb-b9cd-7af86b5e29ed","block_type":"box","text":"in the country/territory. Values exclude land use, land-use change","page_number":2,"box":{"x":542,"y":513,"width":387,"height":9}},{"id":"d42497d7-19af-48eb-af0f-479b9229c657","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":526,"width":138,"height":9}},{"id":"62595861-76a0-4445-a320-c3e3a504f1d2","block_type":"box","text":"Scope 1 (including LULUCF) MSCI:","page_number":2,"box":{"x":542,"y":544,"width":217,"height":9}},{"id":"dd64a359-cba8-4123-958a-20b04ef8d5fe","block_type":"box","text":"The most recently reported or","page_number":2,"box":{"x":762,"y":544,"width":180,"height":8}},{"id":"77739b17-373b-413c-a9a1-3307ec4d335d","block_type":"box","text":"estimated Scope 1 greenhouse gas emissions for the country/territo","page_number":2,"box":{"x":542,"y":556,"width":401,"height":9}},{"id":"391ef55f-08c9-4948-9705-2b6589e06142","block_type":"box","text":"ry (if available), in tons of CO2 equivalent per year (tCO2e/yr). Scope","page_number":2,"box":{"x":542,"y":569,"width":406,"height":9}},{"id":"44ca2285-efff-4e2e-85de-f3f42b5f4951","block_type":"box","text":"1 emissions are domestic GHG emissions from sources located","page_number":2,"box":{"x":542,"y":582,"width":373,"height":7}},{"id":"b5806f15-419d-479e-bbd0-93f0f006d29b","block_type":"box","text":"within the country territory. Values include land use, land-use change","page_number":2,"box":{"x":542,"y":595,"width":407,"height":9}},{"id":"b4cea31f-a79b-49aa-b1c3-6647221268b9","block_type":"box","text":"and forestry (LULUCF).","page_number":2,"box":{"x":542,"y":608,"width":138,"height":9}},{"id":"16d29ecf-9e82-4a91-afc2-aa5b6d7102af","block_type":"box","text":"Consumption (Scope 1 exclude LULUCF + scope 2+3 - exported","page_number":2,"box":{"x":542,"y":625,"width":402,"height":9}},{"id":"72e563e9-dada-4e37-a979-f2a5bcb4fb9b","block_type":"box","text":"emissions) – MSCI:","page_number":2,"box":{"x":542,"y":638,"width":119,"height":8}},{"id":"f9a160f9-f080-44b7-998f-792c104ac9c1","block_type":"box","text":"The estimated consumption emissions for the","page_number":2,"box":{"x":665,"y":638,"width":272,"height":9}},{"id":"91c69e7b-4f37-449b-8cf6-1e2344e97a15","block_type":"box","text":"country/territory (if available), in tons of CO2 equivalent per year","page_number":2,"box":{"x":542,"y":651,"width":382,"height":9}},{"id":"0dfdee6a-5be0-40b6-aabd-6fc2dd8fef83","block_type":"box","text":"(tCO2e/yr). MSCI ESG Research calculates consumption emissions","page_number":2,"box":{"x":542,"y":664,"width":401,"height":9}},{"id":"0020532b-26fd-4a92-80cb-a2874f431c3e","block_type":"box","text":"based on Scope 1 emissions excl. LULUCF plus Scope 2 and Scope","page_number":2,"box":{"x":542,"y":677,"width":397,"height":8}},{"id":"ea8d85f4-4ed6-4124-82ce-cc5d00858374","block_type":"box","text":"3 emissions minus exported emissions.","page_number":2,"box":{"x":542,"y":690,"width":231,"height":8}},{"id":"ceb7bee2-a00c-49dd-822e-bf0f673230ed","block_type":"box","text":"Government Freedom Status MSCI:","page_number":2,"box":{"x":515,"y":707,"width":226,"height":7}},{"id":"fb6f37d8-62f7-48e6-bc0a-990acd8ceaf4","block_type":"box","text":"Free:","page_number":2,"box":{"x":542,"y":725,"width":31,"height":7}},{"id":"ce5d63fc-2642-41c0-bd2d-20d76570f212","block_type":"box","text":"Countries with strong political rights and civil liberties.","page_number":2,"box":{"x":577,"y":725,"width":318,"height":9}},{"id":"772a6589-ee60-4f2d-b089-6185eb652bf5","block_type":"box","text":"Partially Free:","page_number":2,"box":{"x":542,"y":742,"width":88,"height":9}},{"id":"8dab6108-30a8-4714-b13c-f16bc82d16d7","block_type":"box","text":"Countries where some political rights and civil liber","page_number":2,"box":{"x":634,"y":742,"width":301,"height":9}},{"id":"cad4b3be-fca9-40d4-a28c-35d88f61ad1b","block_type":"box","text":"ties are present, but there are challenges and limitations.","page_number":2,"box":{"x":542,"y":755,"width":334,"height":9}},{"id":"8fa6c92c-3696-4067-ab20-735f82077977","block_type":"box","text":"Not Free:","page_number":2,"box":{"x":542,"y":773,"width":57,"height":7}},{"id":"812e5316-ba73-423f-a3b3-b7f5eb61948a","block_type":"box","text":"Countries where political rights and civil liberties are","page_number":2,"box":{"x":603,"y":773,"width":308,"height":9}},{"id":"8781e50d-4800-4939-bdd7-4f8310244e52","block_type":"box","text":"largely absent.","page_number":2,"box":{"x":542,"y":786,"width":86,"height":8}},{"id":"6747127b-6d61-447a-958d-cf10caf18e57","block_type":"box","text":"No Data:","page_number":2,"box":{"x":542,"y":803,"width":54,"height":7}},{"id":"7b4655a3-6301-4f8b-b5d9-b88bb486e786","block_type":"box","text":"No data available to evaluate a country’s government","page_number":2,"box":{"x":600,"y":803,"width":314,"height":9}},{"id":"b4a5d660-4319-491e-8b23-a40357037397","block_type":"box","text":"based on political rights and civil liberties.","page_number":2,"box":{"x":542,"y":816,"width":245,"height":9}},{"id":"23d07f8b-2e9a-4b7f-820b-9d81348711b5","block_type":"box","text":"Report ID: 5088528.1","page_number":2,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"a877b338-06f7-4490-9ae0-9b665868a0ec","block_type":"box","text":"Published: 18 Nov 2025","page_number":2,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"acf5cd33-06bc-4c41-9b3d-594f2a947e13","block_type":"box","text":"P","page_number":2,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"f964e84d-567a-41e2-8afd-a1695739a67a","block_type":"box","text":"a","page_number":2,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"f37584a7-508c-4227-b7bd-254ba60fb1a6","block_type":"box","text":"g","page_number":2,"box":{"x":911,"y":970,"width":5,"height":5}},{"id":"cfa857f6-79b2-438c-98cc-bae2a958d21a","block_type":"box","text":"e","page_number":2,"box":{"x":916,"y":970,"width":6,"height":4}},{"id":"c5ca7b3c-fe7a-4899-b43f-a6ca6bcaf74d","block_type":"box","text":"2","page_number":2,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"d1c33256-5c6a-47cc-95a0-725a276346e6","block_type":"box","text":"of","page_number":2,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"18d79f84-025e-455e-8766-f079c5d545ef","block_type":"box","text":"5","page_number":2,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"5d546d22-f260-4145-a7e5-dd54c7745a31","block_type":"box","text":"Sustainability Sovereign Bond Portfolio Characteristics","page_number":3,"box":{"x":50,"y":44,"width":441,"height":11}},{"id":"2253abe7-8981-4b49-967a-ed8c393edefe","block_type":"box","text":"Data Treatments:","page_number":3,"box":{"x":51,"y":81,"width":92,"height":6}},{"id":"d154a386-b929-4603-b479-3710b66d4d34","block_type":"box","text":"1. Exclusions - Exclude positions for specific security types that are not expected to have a score / rating. (Cash*, Cash Equivalents**, Derivatives, Rights and Warrants)","page_number":3,"box":{"x":50,"y":96,"width":821,"height":8}},{"id":"68aa9b71-ea10-4242-a746-9a0e2d217f47","block_type":"box","text":"2. Exclude securities without a value for a particular metric.","page_number":3,"box":{"x":50,"y":112,"width":291,"height":7}},{"id":"b710f250-f81e-4c08-9908-9096b454adc0","block_type":"box","text":"3. Rebalance the position weights of covered securities.","page_number":3,"box":{"x":50,"y":128,"width":274,"height":7}},{"id":"67b66497-dead-4914-bfc8-26039c5170b4","block_type":"box","text":"Attributes","page_number":3,"box":{"x":50,"y":162,"width":55,"height":6}},{"id":"f37b5b22-a142-4385-bb46-b9220ad9e176","block_type":"box","text":"Exclusions","page_number":3,"box":{"x":345,"y":162,"width":56,"height":6}},{"id":"dfa4b295-b071-4854-9874-412e159c8b9d","block_type":"box","text":"Additional Exclusions","page_number":3,"box":{"x":569,"y":162,"width":115,"height":6}},{"id":"c1be7839-df31-4afc-979b-68a3f6865981","block_type":"box","text":"Missing Data Treatment","page_number":3,"box":{"x":767,"y":162,"width":127,"height":8}},{"id":"9c6bacae-d285-4fee-a9c1-8033b653291d","block_type":"box","text":"MSCI ESG Score","page_number":3,"box":{"x":51,"y":178,"width":83,"height":6}},{"id":"3ffecb3f-58f4-4976-b7e4-a620b1fdefc3","block_type":"box","text":"1.Cash and Cash Equivalents*","page_number":3,"box":{"x":344,"y":224,"width":146,"height":7}},{"id":"a6e9a9d7-791c-40ce-92ee-16c870ae5b9c","block_type":"box","text":"2. Derivatives **","page_number":3,"box":{"x":344,"y":235,"width":79,"height":5}},{"id":"9a5972b4-b0c6-40f5-8381-1ea173f560f3","block_type":"box","text":"3. Rights and Warrants","page_number":3,"box":{"x":344,"y":245,"width":112,"height":8}},{"id":"8661b0ae-c970-4608-a5cd-5546d57f4a9a","block_type":"box","text":"4.Securities without a Score or Rating","page_number":3,"box":{"x":344,"y":256,"width":186,"height":7}},{"id":"c6d93b6d-a431-4718-b258-24c40f4fe85e","block_type":"box","text":"N/A","page_number":3,"box":{"x":569,"y":240,"width":19,"height":6}},{"id":"20755770-ab03-462e-a73c-453565be93dc","block_type":"box","text":"N/A","page_number":3,"box":{"x":767,"y":240,"width":19,"height":6}},{"id":"9a402d02-5704-4be1-8dca-22fc032a81d4","block_type":"box","text":"MSCI ESG Rating","page_number":3,"box":{"x":51,"y":194,"width":86,"height":7}},{"id":"3fa0b00e-32d1-46a1-8008-ad3c3ec47e99","block_type":"box","text":"MSCI Weighted Average Carbon Intensity","page_number":3,"box":{"x":51,"y":209,"width":206,"height":7}},{"id":"52712bc4-90dd-453d-965b-279a0711718d","block_type":"box","text":"MSCI Carbon Emissions","page_number":3,"box":{"x":51,"y":224,"width":119,"height":6}},{"id":"657f12b4-836a-4246-baa6-3b3f25be62ce","block_type":"box","text":"MSCI Average Income Inequality Score(Weighted)","page_number":3,"box":{"x":51,"y":240,"width":248,"height":7}},{"id":"b3c9cef7-e198-4844-977b-aa2b21fbf789","block_type":"box","text":"MSCI Average Freedom of Expression Score(Weighted)","page_number":3,"box":{"x":51,"y":255,"width":275,"height":8}},{"id":"69c450d3-de56-4b00-9e2e-9deee69c5534","block_type":"box","text":"MSCI Average Corruption Score(Weighted)","page_number":3,"box":{"x":51,"y":271,"width":214,"height":7}},{"id":"58451e96-4d4c-4bb1-a128-fdc4c8eb2f9f","block_type":"box","text":"MSCI Average Political Stability Score(Weighted)","page_number":3,"box":{"x":51,"y":286,"width":242,"height":8}},{"id":"a41692e0-dd08-42a7-9394-222f759e8b96","block_type":"box","text":"Average Rule of Law Score(Weighted)","page_number":3,"box":{"x":50,"y":302,"width":188,"height":7}},{"id":"1dde4e90-ec71-42b9-b091-22bb2b906bf4","block_type":"box","text":"MSCI ESG Ratings Distribution","page_number":3,"box":{"x":51,"y":317,"width":151,"height":7}},{"id":"80816e0e-b40c-4b6d-b4cc-e27920090b5d","block_type":"box","text":"1. Cash and Cash Equivalents *","page_number":3,"box":{"x":344,"y":330,"width":151,"height":7}},{"id":"7ff3cca8-0d5d-48b6-9ce4-a90936a4c715","block_type":"box","text":"2. Derivatives **","page_number":3,"box":{"x":344,"y":340,"width":79,"height":6}},{"id":"5ac5b9aa-c98d-472a-881e-6f56bba104b9","block_type":"box","text":"3. Rights and Warrants","page_number":3,"box":{"x":344,"y":351,"width":112,"height":7}},{"id":"46564e0d-5067-44f2-ab44-d6f7f299d6b1","block_type":"box","text":"N/A","page_number":3,"box":{"x":569,"y":340,"width":19,"height":7}},{"id":"29dbf80c-0ca6-4deb-a596-31234f036602","block_type":"box","text":"N/A","page_number":3,"box":{"x":767,"y":340,"width":19,"height":7}},{"id":"e64c4df0-78f4-4c10-be38-eaffd8bd0d94","block_type":"box","text":"Government Freedom Status","page_number":3,"box":{"x":50,"y":333,"width":145,"height":5}},{"id":"84ba770e-9394-4b70-add6-f6863f40c652","block_type":"box","text":"CBI Green Bonds","page_number":3,"box":{"x":50,"y":348,"width":86,"height":6}},{"id":"962638b5-ec87-4d84-bbe2-8ef13c13cd88","block_type":"box","text":"Coverage for each ESG Attributes","page_number":3,"box":{"x":50,"y":363,"width":169,"height":8}},{"id":"c0052961-ad36-45c3-afcb-9caf9f2a34a7","block_type":"box","text":"* Cash and Cash Equivalents: Cash, Cash Collateral, Money Market, Money Market Fund","page_number":3,"box":{"x":50,"y":379,"width":464,"height":7}},{"id":"d5479559-d423-4af5-8a05-2321a63c1e9d","block_type":"box","text":"** Derivatives: Futures, Options, Swaps, Swaptions, Forwards","page_number":3,"box":{"x":50,"y":389,"width":324,"height":8}},{"id":"ffcafb59-b626-4c37-b159-726562af0799","block_type":"box","text":"Report ID: 5088528.1","page_number":3,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"f9560eb0-fb65-46cc-8640-39f6fe98e3e9","block_type":"box","text":"Published: 18 Nov 2025","page_number":3,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"d64512b2-5e45-4dfb-aafb-7165badd3ed2","block_type":"box","text":"P","page_number":3,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"40156fca-9d10-447c-880e-c70382255013","block_type":"box","text":"a","page_number":3,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"0173f6e4-89b5-42b4-a828-129b86b713d6","block_type":"box","text":"g","page_number":3,"box":{"x":911,"y":970,"width":5,"height":5}},{"id":"c4f43aa1-e386-4adc-84ca-9dd8c646d1ae","block_type":"box","text":"e","page_number":3,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"845c0d8e-b452-456d-b855-347f49e36be9","block_type":"box","text":"3","page_number":3,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"91f7705b-2333-4bea-822a-3ea763450ad9","block_type":"box","text":"of","page_number":3,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e2f6cc61-c62a-4f05-a453-6ecac4be44cc","block_type":"box","text":"5","page_number":3,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"f08e1411-dbb0-42dc-8c28-367af1739707","block_type":"box","text":"Disclosures","page_number":4,"box":{"x":52,"y":58,"width":166,"height":15}},{"id":"cde5e502-8f15-4ecd-9b1f-7067cdf43361","block_type":"box","text":"State Street Global Advisors (SSGA) is now State Street Investment","page_number":4,"box":{"x":50,"y":92,"width":433,"height":8}},{"id":"5bafab35-99b6-4dae-889f-88fbb9f26425","block_type":"box","text":"Management. Please click here for more information.","page_number":4,"box":{"x":51,"y":105,"width":336,"height":9}},{"id":"221846d2-0f82-4ee5-bb3b-7994ae547e30","block_type":"box","text":"Marketing Communication","page_number":4,"box":{"x":51,"y":122,"width":170,"height":9}},{"id":"2b19a04a-e650-41d0-b349-9bc1fb36e73e","block_type":"box","text":"For institutional / professional investors use only.","page_number":4,"box":{"x":51,"y":140,"width":310,"height":9}},{"id":"8f97d468-ac93-4d4c-b2d2-6450c7cd7fba","block_type":"box","text":"The information presented above is intended to provide transparency","page_number":4,"box":{"x":50,"y":158,"width":414,"height":8}},{"id":"683aedc9-f0ce-4266-9dbf-ec69f8ef183f","block_type":"box","text":"to investors around sustainability characteristics of the fund. Present","page_number":4,"box":{"x":50,"y":170,"width":408,"height":9}},{"id":"c041d9d7-db4b-47dc-b97c-34ff17fb50b1","block_type":"box","text":"ing this information should not be construed as a representation of the","page_number":4,"box":{"x":51,"y":183,"width":415,"height":9}},{"id":"40547c5f-0491-4df5-8c03-e9655184f12e","block_type":"box","text":"fund’s current or future investment objective, nor should it be viewed as","page_number":4,"box":{"x":50,"y":196,"width":422,"height":9}},{"id":"3b887f14-59a1-4873-8903-25f6200eed84","block_type":"box","text":"an indicator of the fund manager’s current or future investment deci","page_number":4,"box":{"x":50,"y":209,"width":401,"height":9}},{"id":"b8139a8e-6c79-4e6c-91d4-ada2f61a2d88","block_type":"box","text":"sion-making.","page_number":4,"box":{"x":50,"y":222,"width":76,"height":8}},{"id":"fbc4243f-4244-429e-8a94-530ba4461343","block_type":"box","text":"Investing involves risk including the risk of loss of principal.","page_number":4,"box":{"x":51,"y":239,"width":344,"height":9}},{"id":"809ebe74-6f6c-4c60-8398-94af0df4626f","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or","page_number":4,"box":{"x":50,"y":257,"width":405,"height":9}},{"id":"e0719835-505d-40bc-85aa-85ceb57e5514","block_type":"box","text":"transmitted or any of its contents disclosed to third parties without SS","page_number":4,"box":{"x":50,"y":270,"width":414,"height":8}},{"id":"03d8ada5-ce3e-4c73-8302-c80c4f6608d4","block_type":"box","text":"GA’s express written consent.","page_number":4,"box":{"x":50,"y":283,"width":176,"height":8}},{"id":"c66b1e72-9703-4b8b-a0e5-523b40928535","block_type":"box","text":"All information is from SSGA unless otherwise noted and has been","page_number":4,"box":{"x":50,"y":300,"width":393,"height":7}},{"id":"d6285fec-1c8b-4c6a-818e-e71ddec2fc03","block_type":"box","text":"obtained from sources believed to be reliable, but its accuracy is not","page_number":4,"box":{"x":50,"y":313,"width":404,"height":9}},{"id":"ed321ff4-36e1-4872-8ae7-b0432ce44540","block_type":"box","text":"guaranteed. There is no representation or warranty as to the current","page_number":4,"box":{"x":50,"y":326,"width":407,"height":9}},{"id":"c7d2840b-f8bb-4303-b527-0d15bdb4dfee","block_type":"box","text":"accuracy, reliability or completeness of, nor liability for, decisions based","page_number":4,"box":{"x":50,"y":339,"width":422,"height":8}},{"id":"e5e443f8-3e94-4aaa-976f-91d642d63f67","block_type":"box","text":"on such information and it should not be relied on as such.","page_number":4,"box":{"x":50,"y":351,"width":342,"height":7}},{"id":"d8f96706-b7f8-416d-9db4-4d1c9d50d881","block_type":"box","text":"The information provided does not constitute investment advice as such","page_number":4,"box":{"x":50,"y":369,"width":430,"height":9}},{"id":"4692b699-e1eb-4f3a-8fbc-0a7fc70304b2","block_type":"box","text":"term is defined under the Markets in Financial Instruments Directive","page_number":4,"box":{"x":50,"y":382,"width":402,"height":7}},{"id":"df7f7d7d-f5cb-4415-a1c5-fff09f047ca6","block_type":"box","text":"(2014/65/EU) or applicable Swiss regulation and it should not be relied on","page_number":4,"box":{"x":51,"y":394,"width":432,"height":9}},{"id":"018336e7-2d23-4aa1-9e63-82acd68805fc","block_type":"box","text":"as such. It should not be considered a solicitation to buy or an offer to sell","page_number":4,"box":{"x":50,"y":407,"width":431,"height":9}},{"id":"b5f0bedb-7800-4fae-b79d-25f0bfef3cb8","block_type":"box","text":"any investment. It does not take into account any investor’s or potential","page_number":4,"box":{"x":50,"y":420,"width":421,"height":9}},{"id":"b7672701-980d-4639-8076-bbd7a079e7e5","block_type":"box","text":"investor’s particular investment objectives, strategies, tax status, risk ap","page_number":4,"box":{"x":51,"y":433,"width":425,"height":9}},{"id":"11dc23cd-d9af-4d7f-a8c2-57aa42d0783d","block_type":"box","text":"petite or investment horizon. If you require investment advice you should","page_number":4,"box":{"x":51,"y":446,"width":428,"height":9}},{"id":"eb26a1d4-3902-454a-8fb9-201e95590654","block_type":"box","text":"consult your tax and financial or other professional advisor.","page_number":4,"box":{"x":50,"y":459,"width":349,"height":8}},{"id":"d1eee8ad-d76f-4773-9a47-8488b5fe1eed","block_type":"box","text":"The information contained in this communication is not a research","page_number":4,"box":{"x":50,"y":476,"width":422,"height":7}},{"id":"4e4f0124-8a35-4b78-8b30-26e608eec593","block_type":"box","text":"recommendation or ‘investment research’ and is classified as a","page_number":4,"box":{"x":51,"y":489,"width":399,"height":7}},{"id":"ce2786d7-f0ce-48c3-bc46-c7f80859a46f","block_type":"box","text":"‘Marketing Communication’ in accordance with the applicable","page_number":4,"box":{"x":50,"y":502,"width":395,"height":9}},{"id":"8a380445-434b-488c-89ec-88cf9aedc2d0","block_type":"box","text":"regional regulation. This means that this marketing communication","page_number":4,"box":{"x":51,"y":515,"width":426,"height":9}},{"id":"b9090519-dbd7-4227-a2f9-f1625ef073a9","block_type":"box","text":"(a) has not been prepared in accordance with legal requirements","page_number":4,"box":{"x":51,"y":527,"width":411,"height":9}},{"id":"ab22b73a-2175-4014-ba63-e58487f7de25","block_type":"box","text":"designed to promote the independence of investment research (b)","page_number":4,"box":{"x":50,"y":540,"width":422,"height":9}},{"id":"bf8f14ae-bf74-40ef-b563-d47c7f135ab2","block_type":"box","text":"is not subject to any prohibition on dealing ahead of the dissemina","page_number":4,"box":{"x":51,"y":553,"width":418,"height":9}},{"id":"87144b89-3737-4967-b2e3-40c989f5e58e","block_type":"box","text":"tion of investment research.","page_number":4,"box":{"x":50,"y":566,"width":178,"height":7}},{"id":"fa92918d-b9a7-4ab2-852c-13781ecac6e6","block_type":"box","text":"This communication is directed at professional clients (this includes","page_number":4,"box":{"x":50,"y":584,"width":402,"height":8}},{"id":"55544c3f-401a-4be7-9476-7e60909979e6","block_type":"box","text":"eligible counterparties as defined by the appropriate EU regulator) who","page_number":4,"box":{"x":50,"y":596,"width":421,"height":9}},{"id":"c94c424b-1e3c-4a76-8c2d-16120d98d32a","block_type":"box","text":"are deemed both knowledgeable and experienced in matters relating to","page_number":4,"box":{"x":50,"y":609,"width":425,"height":9}},{"id":"5a3147f3-76eb-4287-9707-88153f95be36","block_type":"box","text":"investments. The products and services to which this communication","page_number":4,"box":{"x":51,"y":622,"width":410,"height":9}},{"id":"eb0080ed-0e18-410a-ab7e-dd8c9350104c","block_type":"box","text":"relates are only available to such persons and persons of any other de","page_number":4,"box":{"x":51,"y":635,"width":412,"height":9}},{"id":"a4ee6bb5-5618-4148-ac33-123bc4162e9c","block_type":"box","text":"scription (including retail clients) should not rely on this communication.","page_number":4,"box":{"x":50,"y":648,"width":424,"height":9}},{"id":"1adbab80-5980-4eb8-8a19-8f03f01682db","block_type":"box","text":"Bonds generally present less short-term risk and volatility than stocks,","page_number":4,"box":{"x":51,"y":666,"width":415,"height":8}},{"id":"643515a9-9ee5-4b1c-a63d-619eaa6d2390","block_type":"box","text":"but contain interest rate risk (as interest rates raise, bond prices usually","page_number":4,"box":{"x":51,"y":678,"width":422,"height":9}},{"id":"60dadf51-0762-4429-b146-e3f7ee8c0b00","block_type":"box","text":"fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk.","page_number":4,"box":{"x":50,"y":691,"width":418,"height":9}},{"id":"e10bd244-6d1e-4e72-91bd-8a2e24500c1a","block_type":"box","text":"These effects are usually pronounced for longer-term securities. Any","page_number":4,"box":{"x":50,"y":704,"width":409,"height":9}},{"id":"dec6bf29-1879-4dfb-ba8a-1e4e2bcaeba8","block_type":"box","text":"fixed income security sold or redeemed prior to maturity may be subject","page_number":4,"box":{"x":50,"y":717,"width":429,"height":8}},{"id":"21a8701c-eb33-4294-ac3d-06506f052e95","block_type":"box","text":"to a substantial gain or loss.","page_number":4,"box":{"x":50,"y":730,"width":163,"height":8}},{"id":"72f1b779-871d-40b0-a590-e7dd15996db0","block_type":"box","text":"ETFs trade like stocks, are subject to investment risk, fluctuate in market","page_number":4,"box":{"x":51,"y":747,"width":429,"height":9}},{"id":"18b23b98-5afd-446b-8151-c8c2a12a6918","block_type":"box","text":"value and may trade at prices above or below the ETFs net asset value.","page_number":4,"box":{"x":50,"y":760,"width":419,"height":9}},{"id":"eae6a53e-de00-4d83-bfd5-d86226fa7482","block_type":"box","text":"Brokerage commissions and ETF expenses will reduce returns.","page_number":4,"box":{"x":51,"y":773,"width":372,"height":9}},{"id":"997a6feb-b38d-4936-8189-19b0d30f2d46","block_type":"box","text":"The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its","page_number":4,"box":{"x":50,"y":790,"width":415,"height":9}},{"id":"fe34b623-06cf-41db-a632-a0d03a3acea1","block_type":"box","text":"affiliates (“S&P DJI”) and have been licensed for use by State Street","page_number":4,"box":{"x":50,"y":803,"width":400,"height":9}},{"id":"647be3d3-89a4-4888-9698-e018ac562414","block_type":"box","text":"Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are","page_number":4,"box":{"x":50,"y":816,"width":396,"height":8}},{"id":"a588814e-0f2f-43fc-bfbc-cc98776fe580","block_type":"box","text":"trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow","page_number":4,"box":{"x":50,"y":829,"width":415,"height":8}},{"id":"39a2e80f-cffb-46e8-bfe6-be607481e2fc","block_type":"box","text":"Jones® is a registered trademark of Dow Jones Trademark Holdings","page_number":4,"box":{"x":50,"y":842,"width":404,"height":8}},{"id":"6c78ecf2-f06b-4d44-a2fa-8e9787e2fdcd","block_type":"box","text":"LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones","page_number":4,"box":{"x":51,"y":854,"width":407,"height":9}},{"id":"6e49c9fd-8a83-4e55-b455-c9f0d4071508","block_type":"box","text":"Indices; and these trademarks have been licensed for use by S&P DJI","page_number":4,"box":{"x":51,"y":867,"width":409,"height":9}},{"id":"6dca5429-7f0d-4fbe-861d-950167c3990c","block_type":"box","text":"and sublicensed for certain purposes by State Street Global Advisors.","page_number":4,"box":{"x":50,"y":880,"width":414,"height":9}},{"id":"bd017949-1985-4a28-83ac-941f57804cf4","block_type":"box","text":"The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow","page_number":4,"box":{"x":50,"y":893,"width":428,"height":9}},{"id":"e23ebe34-cbe5-49e6-a6bc-ef908a064c7f","block_type":"box","text":"Jones, S&P, their respective affiliates, and none of such parties make any","page_number":4,"box":{"x":50,"y":906,"width":432,"height":8}},{"id":"3d9bdc84-7ef4-40d0-a480-84437e05c0aa","block_type":"box","text":"representation regarding the advisability of investing in such product(s)","page_number":4,"box":{"x":51,"y":918,"width":421,"height":9}},{"id":"5354ac3f-22ac-4ff6-a9fe-7cf5d4d434f4","block_type":"box","text":"nor do they have any liability for any errors, omissions, or interruptions of","page_number":4,"box":{"x":515,"y":92,"width":430,"height":9}},{"id":"46a6dc41-93e7-4f63-9810-3fbb832f9160","block_type":"box","text":"these indices.","page_number":4,"box":{"x":515,"y":105,"width":81,"height":7}},{"id":"a4514128-bb7f-404c-979e-5a0adba6bc47","block_type":"box","text":"Please refer to the Fund’s latest Key Information Document (KID)/","page_number":4,"box":{"x":515,"y":122,"width":416,"height":9}},{"id":"d80a0995-e09c-4e55-a545-b3712bbfce9c","block_type":"box","text":"Key Investor Information Document (KIID) and Prospectus before","page_number":4,"box":{"x":515,"y":135,"width":415,"height":9}},{"id":"58ff99f9-aeb0-4d6a-80ff-2f21035254a4","block_type":"box","text":"making any final investment decision. The latest English version of","page_number":4,"box":{"x":515,"y":148,"width":423,"height":9}},{"id":"d56a250f-5557-497b-afa9-0b0ba81f06ab","block_type":"box","text":"the prospectus and the KID/KIID can be found at","page_number":4,"box":{"x":515,"y":161,"width":306,"height":8}},{"id":"01d52993-68eb-412a-8abf-9303ebfc966b","block_type":"box","text":"www.ssga.com","page_number":4,"box":{"x":824,"y":163,"width":97,"height":7}},{"id":"6777eda9-dcad-45b6-83ae-46931e065ccf","block_type":"box","text":". A","page_number":4,"box":{"x":923,"y":161,"width":15,"height":7}},{"id":"850b6066-9ed6-4fd4-a455-4cce152d38d9","block_type":"box","text":"summary of investor rights can be found here:","page_number":4,"box":{"x":515,"y":174,"width":292,"height":8}},{"id":"c4abb1d9-a4f4-4f7f-87ea-e65ab16b3bc6","block_type":"box","text":"https://www.ssga.","page_number":4,"box":{"x":811,"y":174,"width":116,"height":8}},{"id":"3b4f06f5-295f-450a-bbd1-4f0c69546a76","block_type":"box","text":"com/library-content/products/fund-docs/summary-of-inves","page_number":4,"box":{"x":515,"y":186,"width":396,"height":9}},{"id":"7d7a9498-cffa-4e11-9864-21b92e8bbc29","block_type":"box","text":"tor-rights/ssga-investors-rights-summary-template-non-etf-Lux.","page_number":4,"box":{"x":515,"y":199,"width":426,"height":9}},{"id":"dd65c0fb-7a4c-45a8-9101-c970c62e123f","block_type":"box","text":"pdf.","page_number":4,"box":{"x":515,"y":212,"width":24,"height":9}},{"id":"944286c5-0eed-4728-aca4-9a293378b10f","block_type":"box","text":"Note that the Management Company may decide to terminate the","page_number":4,"box":{"x":515,"y":230,"width":418,"height":8}},{"id":"5a407fbe-a169-4c7a-a912-7a354d6e9e8c","block_type":"box","text":"arrangements made for marketing and proceed with de-notification","page_number":4,"box":{"x":515,"y":243,"width":431,"height":8}},{"id":"cc8a613b-78f2-44c6-bb63-6a81e47d32c6","block_type":"box","text":"in compliance with Article 93a of Directive 2009/65/EC.","page_number":4,"box":{"x":515,"y":255,"width":355,"height":9}},{"id":"6b2a7518-580d-4566-b22f-394ad98c86ea","block_type":"box","text":"Investors should not evaluate an investment in the fund based solely on","page_number":4,"box":{"x":516,"y":273,"width":420,"height":9}},{"id":"cd89ebf8-10f2-4d94-8d53-c3a6fa34a38c","block_type":"box","text":"the information above, but should consider other factors, including the","page_number":4,"box":{"x":515,"y":286,"width":415,"height":9}},{"id":"41d222f3-0518-46a0-ab32-dfab3c3f1268","block_type":"box","text":"fund’s overall investment objective and risk profile. Investors are encour","page_number":4,"box":{"x":515,"y":299,"width":424,"height":8}},{"id":"c25d43b4-6aeb-4c53-bf8f-61d3bb2f8d62","block_type":"box","text":"aged to review the fund’s prospectus [https://www.ssga.com/fund-find","page_number":4,"box":{"x":515,"y":311,"width":414,"height":9}},{"id":"6e94ba9f-4fdb-42d0-b5cb-0128c6f695cb","block_type":"box","text":"er?tab=documents] and KIID for more information regarding the fund","page_number":4,"box":{"x":515,"y":324,"width":412,"height":9}},{"id":"0e38324b-3d82-4254-9d17-148150c2545b","block_type":"box","text":"and where applicable, the fund’s SFDR category.","page_number":4,"box":{"x":515,"y":337,"width":286,"height":9}},{"id":"bb5259aa-8e44-4357-8c3f-66c86a41dd7f","block_type":"box","text":"Sustainability data is sourced from external providers. This data may","page_number":4,"box":{"x":515,"y":355,"width":407,"height":8}},{"id":"19d2dd48-b519-4549-9740-1b5cbc477802","block_type":"box","text":"be incomplete, inaccurate, or unavailable for certain companies, which","page_number":4,"box":{"x":515,"y":368,"width":417,"height":8}},{"id":"703bf4f4-550a-4772-8419-686bef92c021","block_type":"box","text":"could limit the ability to fully capture or reflect their sustainability charac","page_number":4,"box":{"x":515,"y":380,"width":427,"height":9}},{"id":"2bb090e7-8019-4635-b3cb-aab2cef82262","block_type":"box","text":"teristics. As a result, there may be limitations reported in the sustainabili","page_number":4,"box":{"x":515,"y":393,"width":425,"height":9}},{"id":"32a0f372-1e8a-42fe-9cc6-3e5010a46a0f","block_type":"box","text":"ty metrics or indicators.","page_number":4,"box":{"x":515,"y":406,"width":140,"height":9}},{"id":"5bd6b01f-381b-46b7-8e20-5b49593b9bab","block_type":"box","text":"The third-party information above has been obtained from sources","page_number":4,"box":{"x":515,"y":424,"width":398,"height":8}},{"id":"702ac051-d663-4dd5-b02c-59d10c3ccb5d","block_type":"box","text":"believed to be reliable as of the date indicated, but its accuracy is not","page_number":4,"box":{"x":515,"y":436,"width":408,"height":9}},{"id":"9f48414f-6465-47f9-8ca2-7554e23ada3d","block_type":"box","text":"guaranteed by SSGA. SSGA is not liable for investment decisions based","page_number":4,"box":{"x":515,"y":449,"width":426,"height":9}},{"id":"c7ad738b-7f38-4ba6-bf2e-ff488d5d6b7e","block_type":"box","text":"on this information and it should not be relied on as such. There is no","page_number":4,"box":{"x":515,"y":462,"width":403,"height":7}},{"id":"32dfb9f7-331e-4641-9418-cc6a772520ad","block_type":"box","text":"representation or warranty as to the current accuracy, reliability or com","page_number":4,"box":{"x":515,"y":475,"width":422,"height":9}},{"id":"eaa898ea-daf1-40ea-b5e9-7c8e45f96016","block_type":"box","text":"pleteness of this information.","page_number":4,"box":{"x":515,"y":488,"width":171,"height":8}},{"id":"0e8a035b-5df3-4eda-aa1c-0b45b7c34e61","block_type":"box","text":"Data and metrics have been sourced as follows from the following con","page_number":4,"box":{"x":516,"y":505,"width":413,"height":9}},{"id":"d95d93df-f0ad-413a-be84-50addb6fee9d","block_type":"box","text":"tributors as of the date of this report, and are subject to their disclosures","page_number":4,"box":{"x":515,"y":518,"width":428,"height":9}},{"id":"76662925-ba09-4a8e-9f49-0365aec547ab","block_type":"box","text":"below. All other data has been sourced by SSGA.","page_number":4,"box":{"x":515,"y":531,"width":289,"height":9}},{"id":"ebedaa93-41b8-42b7-8a10-9f0c907ed1c0","block_type":"box","text":"Source: MSCI: Certain information contained herein (the “Information”)","page_number":4,"box":{"x":515,"y":548,"width":419,"height":8}},{"id":"f0e9df7a-1db9-46d3-a296-b194e64cec12","block_type":"box","text":"is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their","page_number":4,"box":{"x":515,"y":561,"width":431,"height":9}},{"id":"2450c254-d9a4-4b62-96c3-cebc48bb0f49","block_type":"box","text":"affiliates (“MSCI”), or information providers (together the “MSCI Parties”)","page_number":4,"box":{"x":515,"y":574,"width":428,"height":9}},{"id":"a2e8057c-09e2-4160-a21e-4ec70bad47e4","block_type":"box","text":"and may have been used to calculate scores, signals, or other indica","page_number":4,"box":{"x":515,"y":587,"width":402,"height":9}},{"id":"22698f41-9fb4-47e1-8f8b-fd21a043ad1b","block_type":"box","text":"tors. The Information is for internal use only and may not be reproduced","page_number":4,"box":{"x":515,"y":600,"width":424,"height":8}},{"id":"f639e60f-2f78-4fc8-9fc7-956d7598469b","block_type":"box","text":"or disseminated in whole or part without prior written permission. The","page_number":4,"box":{"x":515,"y":613,"width":411,"height":8}},{"id":"7d0833d0-16da-45ff-bc33-c033f01a676f","block_type":"box","text":"Information may not be used for, nor does it constitute, an offer to buy","page_number":4,"box":{"x":516,"y":625,"width":410,"height":9}},{"id":"1d80070a-1c69-445b-ad45-9809b46bc477","block_type":"box","text":"or sell, or a promotion or recommendation of, any security, financial","page_number":4,"box":{"x":515,"y":638,"width":396,"height":9}},{"id":"bcdcbb50-e66d-4c3a-a711-44d92a6e912c","block_type":"box","text":"instrument or product, trading strategy, or index, nor should it be taken as","page_number":4,"box":{"x":515,"y":651,"width":434,"height":9}},{"id":"c371db52-43c3-46d6-9db6-255e8e881580","block_type":"box","text":"an indication or guarantee of any future performance. Some funds may","page_number":4,"box":{"x":515,"y":664,"width":420,"height":9}},{"id":"dc829078-39d9-4792-9aa1-0227c737f1c8","block_type":"box","text":"be based on or linked to MSCI indexes, and MSCI may be compensated","page_number":4,"box":{"x":515,"y":677,"width":422,"height":8}},{"id":"3b305c24-edde-4146-b256-b4e8eafe592d","block_type":"box","text":"based on the fund’s assets under management or other measures. MSCI","page_number":4,"box":{"x":515,"y":690,"width":428,"height":8}},{"id":"e0e81bc1-03aa-40cf-9f38-7f78321dcd38","block_type":"box","text":"has established an information barrier between index research and cer","page_number":4,"box":{"x":515,"y":702,"width":420,"height":7}},{"id":"ac469605-a300-4f11-9a54-f2995f182666","block_type":"box","text":"tain Information. None of the Information in and of itself can be used to","page_number":4,"box":{"x":515,"y":715,"width":415,"height":7}},{"id":"7a3ae941-d5a7-467a-a9b0-967f027c5242","block_type":"box","text":"determine which securities to buy or sell or when to buy or sell them. The","page_number":4,"box":{"x":515,"y":728,"width":429,"height":9}},{"id":"9714617b-1649-4cdf-9735-dd4b3271b712","block_type":"box","text":"Information is provided “as is” and the user assumes the entire risk of any","page_number":4,"box":{"x":516,"y":741,"width":430,"height":9}},{"id":"b65be234-6094-4b5d-8d83-46a067305bbb","block_type":"box","text":"use it may make or permit to be made of the Information. No MSCI Party","page_number":4,"box":{"x":515,"y":754,"width":426,"height":8}},{"id":"248e0c64-9b1f-4316-8c7a-ededa5e77d0e","block_type":"box","text":"warrants or guarantees the originality, accuracy and/or completeness of","page_number":4,"box":{"x":515,"y":766,"width":428,"height":9}},{"id":"52ff8375-8cdc-4fff-ad60-ca55300acab3","block_type":"box","text":"the Information and each expressly disclaims all express or implied war","page_number":4,"box":{"x":515,"y":779,"width":421,"height":9}},{"id":"c766f826-cc65-4664-83d9-474c1b277eca","block_type":"box","text":"ranties. No MSCI Party shall have any liability for any errors or omissions","page_number":4,"box":{"x":515,"y":792,"width":426,"height":9}},{"id":"b3fea10a-8e89-45ab-ac4b-3cb18def70da","block_type":"box","text":"in connection with any Information herein, or any liability for any direct,","page_number":4,"box":{"x":515,"y":805,"width":416,"height":9}},{"id":"be4c1c05-b0db-4493-ab3f-10b941aa2f51","block_type":"box","text":"indirect, special, punitive, consequential or any other damages (including","page_number":4,"box":{"x":515,"y":818,"width":431,"height":9}},{"id":"439c3a9c-6562-4f00-8a34-46a57850308c","block_type":"box","text":"lost profits) even if notified of the possibility of such damages.","page_number":4,"box":{"x":515,"y":831,"width":363,"height":9}},{"id":"83f8f20e-5308-413a-ac18-32d79e844f15","block_type":"box","text":"The returns on a portfolio of securities which exclude companies that do","page_number":4,"box":{"x":515,"y":848,"width":428,"height":9}},{"id":"3ae71028-78bc-4314-880f-c017eb814437","block_type":"box","text":"not meet the portfolio’s sustainable strategy criteria may trail the returns","page_number":4,"box":{"x":515,"y":861,"width":428,"height":9}},{"id":"13695757-bb81-455b-9384-be4991382d67","block_type":"box","text":"on a portfolio of securities which include such companies. A portfolio’s","page_number":4,"box":{"x":515,"y":874,"width":415,"height":9}},{"id":"79cd1f66-b28d-471f-b1d3-7eda82ed2861","block_type":"box","text":"sustainable strategy criteria may result in the portfolio investing in indus","page_number":4,"box":{"x":515,"y":887,"width":424,"height":9}},{"id":"a99837ea-2236-4514-b4da-715b793ef8ce","block_type":"box","text":"try sectors or securities which underperform the market as a whole.","page_number":4,"box":{"x":515,"y":900,"width":400,"height":8}},{"id":"c8a13444-8104-4e4b-ac9f-0b0071d05c3a","block_type":"box","text":"R-Factor scoring is designed by State Street to reflect certain sustain","page_number":4,"box":{"x":516,"y":917,"width":408,"height":9}},{"id":"42f6d7b2-1acb-4a4d-817e-d4ed5df48f2c","block_type":"box","text":"Report ID: 5088528.1","page_number":4,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"8f98e800-6b4c-4756-8fa9-97c2bd84defe","block_type":"box","text":"Published: 18 Nov 2025","page_number":4,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"f25188ed-30bd-4118-a2a5-ff908c43c8e3","block_type":"box","text":"P","page_number":4,"box":{"x":899,"y":968,"width":5,"height":6}},{"id":"d4773303-57ec-4222-9b88-25c539cfe9eb","block_type":"box","text":"a","page_number":4,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"07d2550d-a753-4870-bf84-aa5dfe573f8b","block_type":"box","text":"g","page_number":4,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"5b0b2426-2863-4d5c-850c-15a6ab85158f","block_type":"box","text":"e","page_number":4,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"35063e0b-fce0-411c-82b9-1080ef902c88","block_type":"box","text":"4","page_number":4,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"1afd9edb-660a-4475-bb97-2bc543a080d7","block_type":"box","text":"of","page_number":4,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"d7364d44-3020-4227-ab4f-5167ac2b02cd","block_type":"box","text":"5","page_number":4,"box":{"x":944,"y":968,"width":5,"height":6}},{"id":"ccb720a2-fd88-4d27-aa60-80c40b295482","block_type":"box","text":"ability factors and does not represent investment performance. Results","page_number":5,"box":{"x":50,"y":35,"width":423,"height":9}},{"id":"a97b6fcd-5141-461f-ae6f-30a1d48abb3b","block_type":"box","text":"generated out of the scoring model are based on sustainability dimen","page_number":5,"box":{"x":50,"y":48,"width":410,"height":9}},{"id":"1c1ed62d-b96d-4aae-b5ac-da40f6beb0d4","block_type":"box","text":"sions of a scored entity.","page_number":5,"box":{"x":50,"y":61,"width":139,"height":8}},{"id":"118fe62f-f538-4dfc-926a-13e4d49f24df","block_type":"box","text":"In the UK, this document has been issued by State Street Global Advisors","page_number":5,"box":{"x":51,"y":78,"width":433,"height":9}},{"id":"d6ab5f40-38a5-4611-9758-e476719d4904","block_type":"box","text":"Limited (“SSGAL”). Authorized and regulated by the Financial Conduct","page_number":5,"box":{"x":51,"y":91,"width":418,"height":9}},{"id":"bd04007b-7781-473d-a5c4-5ed6ba442d2b","block_type":"box","text":"Authority, Registered No.2509928. VAT No. 5776591 81. Registered of","page_number":5,"box":{"x":50,"y":104,"width":415,"height":9}},{"id":"ecd39318-bfd0-4bbe-a825-65d9a9f7a0b8","block_type":"box","text":"f","page_number":5,"box":{"x":464,"y":108,"width":4,"height":0}},{"id":"b13ce3ab-91fa-43e2-9a9f-2ca9568a7160","block_type":"box","text":"fice: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone: 020","page_number":5,"box":{"x":50,"y":117,"width":430,"height":8}},{"id":"3559adb5-ce8b-4d8d-91a3-00c4e34fd508","block_type":"box","text":"3395 6000. Facsimile: 020 3395 6350 Web:","page_number":5,"box":{"x":50,"y":130,"width":264,"height":7}},{"id":"9c51b5ba-2e76-444b-b55e-58df1f36de53","block_type":"box","text":"www.ssga.com","page_number":5,"box":{"x":317,"y":131,"width":88,"height":7}},{"id":"ba513336-6cb0-4ce4-af28-bd19284a3748","block_type":"box","text":".","page_number":5,"box":{"x":406,"y":135,"width":1,"height":1}},{"id":"a704d587-8f8f-4665-aed0-1e8d3de02e24","block_type":"box","text":"© 2025 State Street Corporation - All Rights Reserved.","page_number":5,"box":{"x":50,"y":159,"width":326,"height":9}},{"id":"628cfb2d-1508-4e96-8c18-40365616b62a","block_type":"box","text":"Tracking Code: 7765755.1.5.EMEA.INST","page_number":5,"box":{"x":50,"y":171,"width":236,"height":9}},{"id":"10aba682-534a-447d-b31d-0999d72d12b9","block_type":"box","text":"Expiration Date: 10/31/2026","page_number":5,"box":{"x":51,"y":183,"width":163,"height":8}},{"id":"f7d3e072-bcbe-4b3a-8d32-ba61698ee17f","block_type":"box","text":"State Street Global Advisors Worldwide Entities","page_number":5,"box":{"x":50,"y":195,"width":284,"height":7}},{"id":"7eea4813-b919-4a24-8cff-dc5eaa9219cb","block_type":"box","text":"Report ID: 5088528.1","page_number":5,"box":{"x":362,"y":968,"width":117,"height":9}},{"id":"8a5f37c6-73a3-4083-afaf-8e727ae926e7","block_type":"box","text":"Published: 18 Nov 2025","page_number":5,"box":{"x":496,"y":968,"width":130,"height":7}},{"id":"ae8c0d1b-a30f-4533-86d9-05158737c377","block_type":"box","text":"P","page_number":5,"box":{"x":899,"y":968,"width":6,"height":6}},{"id":"f536ef31-4fd2-4bca-91e5-c1aa94563b4c","block_type":"box","text":"a","page_number":5,"box":{"x":905,"y":970,"width":5,"height":4}},{"id":"06f4572c-b245-48b2-9ecd-016318fec5c8","block_type":"box","text":"g","page_number":5,"box":{"x":910,"y":970,"width":6,"height":5}},{"id":"51f73f16-b928-45d6-86d6-de0911a72d1b","block_type":"box","text":"e","page_number":5,"box":{"x":916,"y":970,"width":5,"height":4}},{"id":"1749fd1b-ae4a-4e77-9e53-3f02436a90b3","block_type":"box","text":"5","page_number":5,"box":{"x":924,"y":968,"width":6,"height":6}},{"id":"1e31e2a2-ef0e-4d2f-b1c1-771b85a23dfa","block_type":"box","text":"of","page_number":5,"box":{"x":932,"y":968,"width":10,"height":6}},{"id":"e872c461-7071-42c1-aa46-a5418099c2fa","block_type":"box","text":"5","page_number":5,"box":{"x":944,"y":968,"width":5,"height":6}}],"unit":"per_mille","page_width":595,"page_height":[{"value":841,"pages":[1]},{"value":842,"pages":[2,3,4,5]}],"attributes":{"chunk_type":"page_range","start_page":1,"end_page":5}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"f9ee148e-c379-47f5-9e6f-e9e1175bf37b"},"user_id":1000002,"date_created":"2026-10-05T20:49:59.915000Z","date_modified":"2026-10-05T20:49:59.915000Z","private":false}