State Street Climate ESG International Equity Fund

• Climate Focus – seeks to achieve results through a powerful mix of mitigation of current impacts and adaptation to future climate risks.
• Aligns with Paris Accord – aims to align with the most ambitious goals stemming from the landmark 2015 Paris Agreement — including limiting climate change to the 2° Celsius warming scenario over post-industrial levels.¹
• ESG Scoring - seeks increased exposure to sustainable companies that score well on our ‘Responsibility Factor’ (R-Factor™)
• Exclusionary Screening - screens out companies with ESG risk and reputational issues.
• Asset Stewardship Impact - active engagement with portfolio companies on issues that promote long-term value creation.

The State Street Climate ESG International Equity Fund (“the Fund”) seeks to achieve capital growth and income in line with the MSCI World ex-Australia Index, subject to delivering climate and ESG objectives.

The MSCI World ex-Australia Index ("the Index") represents large- and mid-cap stocks across 22 developed markets countries. The Index is an industry benchmark used by professional investors for global equity portfolios.

The Fund allows investors to deploy capital across multiple dimensions of ESG and Climate themes via:

• Climate Mitigation - aims to reduce the flow of heat-trapping greenhouse gases into the atmosphere and increase exposure to new energy and green companies.
• Climate Adaptation - increases exposure to companies working proactively to minimise their exposure to actual or expected physical, economic and regulatory impacts of climate change. This includes companies benefitting from low carbon technologies and demonstrating preparedness for the inevitable risks posed by climate change.
• Sustainable & Transparent ESG - increases exposure to companies that score well on financially material sustainability issues relative to their industry peers, as well as performance against market specific corporate governance codes.
• Screening - excludes companies involved in activities related to: controversial weapons, tobacco, thermal coal, severe ESG controversies and violations of the UN Global Compact.

The Fund uses an optimised portfolio construction framework to achieve the most efficient trade-off between climate targets, ESG improvement, tracking error and diversification, while seeking long-term returns broadly in line with the Index.