Quarterly Report
December 31, 2022
The Select Sector SPDR® Trust
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus from the Distributor, ALPS Portfolio Solutions Distributor, Inc., by calling 1-866-SECTOR-ETF (1-866-732-8673). Please read the prospectus carefully before you invest.
TABLE OF CONTENTS (Unaudited)
Schedules of Investments (Unaudited) | |
1 | |
3 | |
5 | |
7 | |
9 | |
11 | |
13 | |
15 | |
17 | |
19 | |
21 | |
23 |
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus from the Distributor, ALPS Portfolio Solutions Distributor, Inc., by calling 1-866-SECTOR-ETF (1-866-732-8673). Please read the prospectus carefully before you invest.
THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.9% | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 14.6% | ||||||
AT&T, Inc. | 19,249,975 | $354,392,040 | ||||
Lumen Technologies, Inc. (a) | 9,519,821 | 49,693,465 | ||||
Verizon Communications, Inc. | 19,020,608 | 749,411,955 | ||||
1,153,497,460 | ||||||
ENTERTAINMENT — 23.6% | ||||||
Activision Blizzard, Inc. | 4,627,547 | 354,238,723 | ||||
Electronic Arts, Inc. | 2,623,241 | 320,507,585 | ||||
Live Nation Entertainment, Inc. (b) | 1,428,642 | 99,633,493 | ||||
Netflix, Inc. (b) | 1,219,806 | 359,696,393 | ||||
Take-Two Interactive Software, Inc. (b) | 1,577,792 | 164,295,481 | ||||
Walt Disney Co. (b) | 4,084,396 | 354,852,325 | ||||
Warner Bros Discovery, Inc. (b) | 22,102,185 | 209,528,714 | ||||
1,862,752,714 | ||||||
INTERACTIVE MEDIA & SERVICES — 39.9% | ||||||
Alphabet, Inc. Class A (b) | 10,850,055 | 957,300,353 | ||||
Alphabet, Inc. Class C (b) | 9,618,089 | 853,413,037 | ||||
Match Group, Inc. (b) | 2,793,511 | 115,902,771 | ||||
Meta Platforms, Inc. Class A (b) | 10,196,428 | 1,227,038,145 | ||||
3,153,654,306 | ||||||
MEDIA — 17.0% | ||||||
Charter Communications, Inc. Class A (b) | 1,047,617 | 355,246,925 | ||||
Comcast Corp. Class A | 10,133,696 | 354,375,349 | ||||
DISH Network Corp. Class A (b) | 2,513,962 | 35,296,027 | ||||
Fox Corp. Class A | 3,025,282 | 91,877,814 | ||||
Fox Corp. Class B | 1,393,542 | 39,646,270 | ||||
Interpublic Group of Cos., Inc. | 3,885,921 | 129,440,029 | ||||
News Corp. Class A | 3,824,127 | 69,599,111 | ||||
News Corp. Class B | 1,179,159 | 21,743,692 | ||||
Omnicom Group, Inc. | 2,039,492 | 166,361,362 |
Security Description | Shares | Value | ||||
Paramount Global Class B (a) | 5,051,135 | $85,263,159 | ||||
1,348,849,738 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 4.8% | ||||||
T-Mobile US, Inc. (b) | 2,707,940 | 379,111,600 | ||||
TOTAL COMMON STOCKS (Cost $11,557,556,652) | 7,897,865,818 | |||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 7,174,017 | 7,175,452 | ||||
State Street Navigator Securities Lending Portfolio II (e) (f) | 14,421,275 | 14,421,275 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $21,596,486) | 21,596,727 | |||||
TOTAL INVESTMENTS — 100.2% (Cost $11,579,153,138) | 7,919,462,545 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% | (15,914,461) | |||||
NET ASSETS — 100.0% | $7,903,548,084 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $7,897,865,818 | $— | $— | $7,897,865,818 | ||||
Short-Term Investments | 21,596,727 | — | — | 21,596,727 | ||||
TOTAL INVESTMENTS | $7,919,462,545 | $— | $— | $7,919,462,545 |
See accompanying notes to Schedule of Investments.
1
THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 5,928,151 | $5,929,337 | $52,548,313 | $51,301,198 | $(266) | $(734) | 7,174,017 | $7,175,452 | $62,556 | ||||||||
State Street Navigator Securities Lending Portfolio II | 51,992,399 | 51,992,399 | 51,102,951 | 88,674,075 | — | — | 14,421,275 | 14,421,275 | 27,110 | ||||||||
Total | $57,921,736 | $103,651,264 | $139,975,273 | $(266) | $(734) | $21,596,727 | $89,666 |
See accompanying notes to Schedule of Investments.
2
THE CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.9% | ||||||
AUTO COMPONENTS — 1.1% | ||||||
Aptiv PLC (a) | 1,120,280 | $104,331,677 | ||||
BorgWarner, Inc. | 968,181 | 38,969,285 | ||||
143,300,962 | ||||||
AUTOMOBILES — 13.6% | ||||||
Ford Motor Co. | 16,330,335 | 189,921,796 | ||||
General Motors Co. | 5,874,110 | 197,605,060 | ||||
Tesla, Inc. (a) | 10,768,849 | 1,326,506,820 | ||||
1,714,033,676 | ||||||
DISTRIBUTORS — 1.6% | ||||||
Genuine Parts Co. | 582,841 | 101,128,742 | ||||
LKQ Corp. | 1,049,484 | 56,052,941 | ||||
Pool Corp. | 161,474 | 48,818,434 | ||||
206,000,117 | ||||||
HOTELS, RESTAURANTS & LEISURE — 19.5% | ||||||
Booking Holdings, Inc. (a) | 160,248 | 322,944,589 | ||||
Caesars Entertainment, Inc. (a) | 887,132 | 36,904,691 | ||||
Carnival Corp. (a) (b) | 4,140,561 | 33,372,922 | ||||
Chipotle Mexican Grill, Inc. (a) | 114,631 | 159,049,366 | ||||
Darden Restaurants, Inc. (b) | 506,011 | 69,996,502 | ||||
Domino's Pizza, Inc. | 146,390 | 50,709,496 | ||||
Expedia Group, Inc. (a) | 622,583 | 54,538,271 | ||||
Hilton Worldwide Holdings, Inc. | 1,118,247 | 141,301,691 | ||||
Las Vegas Sands Corp. (a) (b) | 1,358,602 | 65,307,998 | ||||
Marriott International, Inc. Class A | 1,112,424 | 165,628,809 | ||||
McDonald's Corp. | 2,231,921 | 588,178,141 | ||||
MGM Resorts International | 1,317,832 | 44,186,907 | ||||
Norwegian Cruise Line Holdings, Ltd. (a) | 1,742,316 | 21,325,948 | ||||
Royal Caribbean Cruises, Ltd. (a) (b) | 907,369 | 44,851,250 | ||||
Starbucks Corp. | 4,746,179 | 470,820,957 | ||||
Wynn Resorts, Ltd. (a) (b) | 426,344 | 35,160,590 | ||||
Yum! Brands, Inc. | 1,164,665 | 149,170,293 | ||||
2,453,448,421 | ||||||
HOUSEHOLD DURABLES — 3.5% | ||||||
D.R. Horton, Inc. (b) | 1,294,114 | 115,357,322 | ||||
Garmin, Ltd. | 633,989 | 58,510,845 | ||||
Lennar Corp. Class A | 1,053,366 | 95,329,623 | ||||
Mohawk Industries, Inc. (a) (b) | 218,075 | 22,291,626 | ||||
Newell Brands, Inc. | 1,556,129 | 20,354,167 | ||||
NVR, Inc. (a) | 12,429 | 57,329,757 | ||||
PulteGroup, Inc. | 941,909 | 42,885,117 | ||||
Whirlpool Corp. (b) | 225,193 | 31,855,802 | ||||
443,914,259 | ||||||
INTERNET & DIRECT MARKETING RETAIL — 24.5% | ||||||
Amazon.com, Inc. (a) | 34,842,480 | 2,926,768,320 | ||||
eBay, Inc. | 2,243,730 | 93,047,483 | ||||
Etsy, Inc. (a) (b) | 519,646 | 62,243,198 | ||||
3,082,059,001 |
Security Description | Shares | Value | ||||
LEISURE EQUIPMENT & PRODUCTS — 0.3% | ||||||
Hasbro, Inc. | 536,832 | $32,752,120 | ||||
MULTILINE RETAIL — 5.1% | ||||||
Dollar General Corp. | 932,669 | 229,669,741 | ||||
Dollar Tree, Inc. (a) | 870,390 | 123,107,962 | ||||
Target Corp. | 1,902,990 | 283,621,629 | ||||
636,399,332 | ||||||
SPECIALTY RETAIL — 25.1% | ||||||
Advance Auto Parts, Inc. | 248,508 | 36,538,131 | ||||
AutoZone, Inc. (a) | 78,484 | 193,555,671 | ||||
Bath & Body Works, Inc. | 944,244 | 39,790,442 | ||||
Best Buy Co., Inc. | 828,425 | 66,447,969 | ||||
CarMax, Inc. (a) (b) | 653,311 | 39,780,107 | ||||
Home Depot, Inc. | 4,107,202 | 1,297,300,824 | ||||
Lowe's Cos., Inc. | 2,566,401 | 511,329,735 | ||||
O'Reilly Automotive, Inc. (a) | 258,768 | 218,407,955 | ||||
Ross Stores, Inc. | 1,434,967 | 166,556,620 | ||||
TJX Cos., Inc. | 4,800,600 | 382,127,760 | ||||
Tractor Supply Co. | 456,655 | 102,733,675 | ||||
Ulta Beauty, Inc. (a) | 211,739 | 99,320,413 | ||||
3,153,889,302 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 5.6% | ||||||
NIKE, Inc. Class B | 5,208,349 | 609,428,917 | ||||
Ralph Lauren Corp. (b) | 169,935 | 17,957,031 | ||||
Tapestry, Inc. | 996,264 | 37,937,733 | ||||
VF Corp. | 1,365,536 | 37,702,449 | ||||
703,026,130 | ||||||
TOTAL COMMON STOCKS (Cost $17,301,406,110) | 12,568,823,320 | |||||
SHORT-TERM INVESTMENTS — 0.9% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 5,392,764 | 5,393,843 | ||||
State Street Navigator Securities Lending Portfolio II (e) (f) | 102,490,587 | 102,490,587 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $107,884,361) | 107,884,430 | |||||
TOTAL INVESTMENTS — 100.8% (Cost $17,409,290,471) | 12,676,707,750 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.8)% | (101,554,863) | |||||
NET ASSETS — 100.0% | $12,575,152,887 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2022. |
See accompanying notes to Schedule of Investments.
3
THE CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $12,568,823,320 | $— | $— | $12,568,823,320 | ||||
Short-Term Investments | 107,884,430 | — | — | 107,884,430 | ||||
TOTAL INVESTMENTS | $12,676,707,750 | $— | $— | $12,676,707,750 |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 17,296,217 | $17,299,677 | $36,993,618 | $48,903,243 | $6,093 | $(2,303) | 5,392,764 | $5,393,843 | $220,467 | ||||||||
State Street Navigator Securities Lending Portfolio II | 115,679,767 | 115,679,767 | 454,095,044 | 467,284,224 | — | — | 102,490,587 | 102,490,587 | 87,921 | ||||||||
Total | $132,979,444 | $491,088,662 | $516,187,467 | $6,093 | $(2,303) | $107,884,430 | $308,388 |
See accompanying notes to Schedule of Investments.
4
THE CONSUMER STAPLES SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.7% | ||||||
BEVERAGES — 27.8% | ||||||
Brown-Forman Corp. Class B | 1,592,483 | $104,594,283 | ||||
Coca-Cola Co. | 29,037,165 | 1,847,054,066 | ||||
Constellation Brands, Inc. Class A | 1,413,799 | 327,647,918 | ||||
Keurig Dr. Pepper, Inc. | 7,400,742 | 263,910,460 | ||||
Molson Coors Beverage Co. Class B (a) | 1,637,429 | 84,360,342 | ||||
Monster Beverage Corp. (b) | 3,317,170 | 336,792,270 | ||||
PepsiCo, Inc. | 10,278,630 | 1,856,937,296 | ||||
4,821,296,635 | ||||||
FOOD & STAPLES RETAILING — 17.9% | ||||||
Costco Wholesale Corp. | 3,302,055 | 1,507,388,108 | ||||
Kroger Co. | 5,673,117 | 252,907,556 | ||||
Sysco Corp. | 4,413,571 | 337,417,503 | ||||
Walgreens Boots Alliance, Inc. | 6,251,579 | 233,558,991 | ||||
Walmart, Inc. | 5,414,513 | 767,723,798 | ||||
3,098,995,956 | ||||||
FOOD PRODUCTS — 19.5% | ||||||
Archer-Daniels-Midland Co. | 4,784,322 | 444,224,298 | ||||
Campbell Soup Co. (a) | 1,749,105 | 99,261,709 | ||||
Conagra Brands, Inc. | 4,173,997 | 161,533,684 | ||||
General Mills, Inc. | 5,169,273 | 433,443,541 | ||||
Hershey Co. | 1,280,003 | 296,410,295 | ||||
Hormel Foods Corp. | 2,521,211 | 114,841,161 | ||||
JM Smucker Co. | 928,112 | 147,068,628 | ||||
Kellogg Co. | 2,229,297 | 158,815,118 | ||||
Kraft Heinz Co. | 6,934,526 | 282,304,553 | ||||
Lamb Weston Holdings, Inc. | 1,252,638 | 111,935,732 | ||||
McCormick & Co., Inc. (a) | 2,182,478 | 180,905,601 | ||||
Mondelez International, Inc. Class A | 11,893,693 | 792,714,638 | ||||
Tyson Foods, Inc. Class A | 2,522,416 | 157,020,396 | ||||
3,380,479,354 | ||||||
HOUSEHOLD PRODUCTS — 23.0% | ||||||
Church & Dwight Co., Inc. | 2,124,002 | 171,215,801 | ||||
Clorox Co. (a) | 1,074,671 | 150,808,581 | ||||
Colgate-Palmolive Co. | 7,274,228 | 573,136,424 |
Security Description | Shares | Value | ||||
Kimberly-Clark Corp. | 2,939,409 | $399,024,772 | ||||
Procter & Gamble Co. | 17,679,508 | 2,679,506,233 | ||||
3,973,691,811 | ||||||
PERSONAL PRODUCTS — 2.9% | ||||||
Estee Lauder Cos., Inc. Class A | 2,014,239 | 499,752,838 | ||||
TOBACCO — 8.6% | ||||||
Altria Group, Inc. | 15,608,615 | 713,469,792 | ||||
Philip Morris International, Inc. | 7,706,711 | 779,996,220 | ||||
1,493,466,012 | ||||||
TOTAL COMMON STOCKS (Cost $18,248,524,929) | 17,267,682,606 | |||||
SHORT-TERM INVESTMENTS — 0.4% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 5,525,363 | 5,526,468 | ||||
State Street Navigator Securities Lending Portfolio II (e) (f) | 64,472,754 | 64,472,754 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $69,998,285) | 69,999,222 | |||||
TOTAL INVESTMENTS — 100.1% (Cost $18,318,523,214) | 17,337,681,828 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.1)% | (14,087,985) | |||||
NET ASSETS — 100.0% | $17,323,593,843 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $17,267,682,606 | $— | $— | $17,267,682,606 | ||||
Short-Term Investments | 69,999,222 | — | — | 69,999,222 | ||||
TOTAL INVESTMENTS | $17,337,681,828 | $— | $— | $17,337,681,828 |
See accompanying notes to Schedule of Investments.
5
THE CONSUMER STAPLES SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 16,130,664 | $16,133,890 | $155,639,236 | $166,248,135 | $1,046 | $431 | 5,525,363 | $5,526,468 | $286,338 | ||||||||
State Street Navigator Securities Lending Portfolio II | 24,693,312 | 24,693,312 | 261,001,769 | 221,222,327 | — | — | 64,472,754 | 64,472,754 | 5,213 | ||||||||
Total | $40,827,202 | $416,641,005 | $387,470,462 | $1,046 | $431 | $69,999,222 | $291,551 |
See accompanying notes to Schedule of Investments.
6
THE ENERGY SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.6% | ||||||
ENERGY EQUIPMENT & SERVICES — 9.4% | ||||||
Baker Hughes Co. (a) | 28,973,066 | $855,574,639 | ||||
Halliburton Co. | 26,270,353 | 1,033,738,390 | ||||
Schlumberger, Ltd. (a) | 36,531,617 | 1,952,980,245 | ||||
3,842,293,274 | ||||||
OIL, GAS & CONSUMABLE FUELS — 90.2% | ||||||
APA Corp. | 9,301,522 | 434,195,047 | ||||
Chevron Corp. (a) | 45,561,590 | 8,177,849,789 | ||||
ConocoPhillips (a) | 15,596,174 | 1,840,348,532 | ||||
Coterra Energy, Inc. (a) | 22,810,822 | 560,461,897 | ||||
Devon Energy Corp. (a) | 18,911,930 | 1,163,272,814 | ||||
Diamondback Energy, Inc. (a) | 5,091,754 | 696,450,112 | ||||
EOG Resources, Inc. (a) | 14,102,812 | 1,826,596,210 | ||||
EQT Corp. (a) | 10,618,862 | 359,236,101 | ||||
Exxon Mobil Corp. | 84,702,587 | 9,342,695,346 | ||||
Hess Corp. (a) | 8,027,593 | 1,138,473,239 | ||||
Kinder Morgan, Inc. (a) | 57,225,107 | 1,034,629,935 | ||||
Marathon Oil Corp. (a) | 18,372,893 | 497,354,213 | ||||
Marathon Petroleum Corp. (a) | 13,558,648 | 1,578,091,041 | ||||
Occidental Petroleum Corp. | 21,036,332 | 1,325,078,553 | ||||
ONEOK, Inc. (a) | 12,930,636 | 849,542,785 | ||||
Phillips 66 (a) | 13,673,520 | 1,423,139,962 | ||||
Pioneer Natural Resources Co. (a) | 6,873,892 | 1,569,928,194 | ||||
Targa Resources Corp. | 6,549,172 | 481,364,142 | ||||
Valero Energy Corp. (a) | 11,153,399 | 1,414,920,197 | ||||
Williams Cos., Inc. | 35,237,464 | 1,159,312,566 | ||||
36,872,940,675 | ||||||
TOTAL COMMON STOCKS (Cost $35,533,201,951) | 40,715,233,949 |
Security Description | Shares | Value | ||||
SHORT-TERM INVESTMENTS — 1.1% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (b) (c) | 126,872,558 | $126,897,933 | ||||
State Street Navigator Securities Lending Portfolio II (d) (e) | 318,708,975 | 318,708,975 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $445,602,527) | 445,606,908 | |||||
TOTAL INVESTMENTS — 100.7% (Cost $35,978,804,478) | 41,160,840,857 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.7)% | (272,044,402) | |||||
NET ASSETS — 100.0% | $40,888,796,455 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(c) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(d) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(e) | Investment of cash collateral for securities loaned. |
At December 31, 2022, open futures contracts were as follows:
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | |||||
E-mini S&P 500 Energy Select Sector (long) | 1,910 | 03/17/2023 | $165,119,500 | $175,796,400 | $10,676,900 |
See accompanying notes to Schedule of Investments.
7
THE ENERGY SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $40,715,233,949 | $— | $— | $40,715,233,949 | ||||
Short-Term Investments | 445,606,908 | — | — | 445,606,908 | ||||
TOTAL INVESTMENTS | $41,160,840,857 | $— | $— | $41,160,840,857 | ||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(a) | $10,676,900 | $— | $— | $10,676,900 | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS: | $10,676,900 | $— | $— | $10,676,900 | ||||
TOTAL INVESTMENTS AND OTHER FINANCIAL INSTRUMENTS | $41,171,517,757 | $— | $— | $41,171,517,757 |
(a) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 97,350,272 | $97,369,742 | $588,262,550 | $558,749,416 | $13,631 | $1,426 | 126,872,558 | $126,897,933 | $1,014,270 | ||||||||
State Street Navigator Securities Lending Portfolio II | 32,065,518 | 32,065,518 | 1,301,368,493 | 1,014,725,036 | — | — | 318,708,975 | 318,708,975 | 101,059 | ||||||||
Total | $129,435,260 | $1,889,631,043 | $1,573,474,452 | $13,631 | $1,426 | $445,606,908 | $1,115,329 |
See accompanying notes to Schedule of Investments.
8
THE FINANCIAL SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.7% | ||||||
BANKS — 32.8% | ||||||
Bank of America Corp. | 58,231,649 | $1,928,632,215 | ||||
Citigroup, Inc. | 16,142,067 | 730,105,690 | ||||
Citizens Financial Group, Inc. | 4,128,948 | 162,556,683 | ||||
Comerica, Inc. | 1,089,783 | 72,851,994 | ||||
Fifth Third Bancorp | 5,715,793 | 187,535,168 | ||||
First Republic Bank (a) | 1,521,980 | 185,514,142 | ||||
Huntington Bancshares, Inc. | 12,012,939 | 169,382,440 | ||||
JPMorgan Chase & Co. (a) | 24,457,734 | 3,279,782,129 | ||||
KeyCorp. (a) | 7,768,901 | 135,334,255 | ||||
M&T Bank Corp. | 1,439,271 | 208,780,651 | ||||
PNC Financial Services Group, Inc. | 3,362,989 | 531,150,483 | ||||
Regions Financial Corp. | 7,783,508 | 167,812,433 | ||||
Signature Bank | 524,239 | 60,402,818 | ||||
SVB Financial Group (b) | 492,180 | 113,270,305 | ||||
Truist Financial Corp. | 11,048,133 | 475,401,163 | ||||
US Bancorp | 11,262,185 | 491,143,888 | ||||
Wells Fargo & Co. | 31,772,532 | 1,311,887,846 | ||||
Zions Bancorp NA | 1,253,506 | 61,622,355 | ||||
10,273,166,658 | ||||||
CAPITAL MARKETS — 26.8% | ||||||
Ameriprise Financial, Inc. | 887,312 | 276,282,337 | ||||
Bank of New York Mellon Corp. | 6,125,540 | 278,834,581 | ||||
BlackRock, Inc. | 1,252,352 | 887,454,198 | ||||
Cboe Global Markets, Inc. (a) | 883,397 | 110,839,822 | ||||
Charles Schwab Corp. | 12,719,328 | 1,059,011,249 | ||||
CME Group, Inc. | 2,999,520 | 504,399,283 | ||||
FactSet Research Systems, Inc. | 316,370 | 126,930,808 | ||||
Franklin Resources, Inc. (a) | 2,366,187 | 62,420,013 | ||||
Goldman Sachs Group, Inc. (a) | 2,823,648 | 969,584,250 | ||||
Intercontinental Exchange, Inc. | 4,651,671 | 477,214,928 | ||||
Invesco, Ltd. | 3,789,075 | 68,165,459 | ||||
MarketAxess Holdings, Inc. | 313,504 | 87,433,131 | ||||
Moody's Corp. | 1,314,596 | 366,272,738 | ||||
Morgan Stanley | 10,992,056 | 934,544,601 | ||||
MSCI, Inc. | 666,616 | 310,089,765 | ||||
Nasdaq, Inc. | 2,823,083 | 173,196,142 | ||||
Northern Trust Corp. | 1,735,707 | 153,592,712 | ||||
Raymond James Financial, Inc. | 1,618,130 | 172,897,190 | ||||
S&P Global, Inc. (a) | 2,776,535 | 929,972,633 | ||||
State Street Corp. (c) | 3,062,395 | 237,549,980 | ||||
T Rowe Price Group, Inc. (a) | 1,863,219 | 203,202,664 | ||||
8,389,888,484 | ||||||
CONSUMER FINANCE — 4.4% | ||||||
American Express Co. (a) | 4,984,547 | 736,466,819 | ||||
Capital One Financial Corp. | 3,182,720 | 295,865,651 | ||||
Discover Financial Services | 2,275,302 | 222,592,795 | ||||
Synchrony Financial | 3,756,675 | 123,444,341 | ||||
1,378,369,606 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 14.8% | ||||||
Berkshire Hathaway, Inc. Class B (b) | 15,023,132 | 4,640,645,475 |
Security Description | Shares | Value | ||||
INSURANCE — 20.9% | ||||||
Aflac, Inc. | 4,717,967 | $339,410,546 | ||||
Allstate Corp. | 2,211,328 | 299,856,077 | ||||
American International Group, Inc. | 6,195,146 | 391,781,033 | ||||
Aon PLC Class A | 1,724,835 | 517,691,977 | ||||
Arch Capital Group, Ltd. (b) | 3,083,999 | 193,613,457 | ||||
Arthur J Gallagher & Co. | 1,758,028 | 331,458,599 | ||||
Assurant, Inc. | 443,274 | 55,435,846 | ||||
Brown & Brown, Inc. | 1,952,710 | 111,245,889 | ||||
Chubb, Ltd. | 3,460,847 | 763,462,848 | ||||
Cincinnati Financial Corp. (a) | 1,310,697 | 134,202,266 | ||||
Everest Re Group, Ltd. | 328,282 | 108,749,978 | ||||
Globe Life, Inc. | 754,611 | 90,968,356 | ||||
Hartford Financial Services Group, Inc. | 2,652,416 | 201,132,705 | ||||
Lincoln National Corp. (a) | 1,290,434 | 39,642,132 | ||||
Loews Corp. | 1,643,294 | 95,853,339 | ||||
Marsh & McLennan Cos., Inc. | 4,135,777 | 684,388,378 | ||||
MetLife, Inc. | 5,495,546 | 397,712,664 | ||||
Principal Financial Group, Inc. | 1,897,517 | 159,239,627 | ||||
Progressive Corp. | 4,878,345 | 632,770,130 | ||||
Prudential Financial, Inc. | 3,068,436 | 305,186,645 | ||||
Travelers Cos., Inc. | 1,953,902 | 366,337,086 | ||||
W R Berkley Corp. | 1,701,383 | 123,469,364 | ||||
Willis Towers Watson PLC | 902,479 | 220,728,314 | ||||
6,564,337,256 | ||||||
TOTAL COMMON STOCKS (Cost $36,445,844,212) | 31,246,407,479 | |||||
SHORT-TERM INVESTMENTS — 0.5% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (d) (e) | 32,181,119 | 32,187,556 | ||||
State Street Navigator Securities Lending Portfolio II (c) (f) | 126,752,434 | 126,752,434 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $158,938,603) | 158,939,990 | |||||
TOTAL INVESTMENTS — 100.2% (Cost $36,604,782,815) | 31,405,347,469 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% | (76,368,198) | |||||
NET ASSETS — 100.0% | $31,328,979,271 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | Non-income producing security. |
(c) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(e) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(f) | Investment of cash collateral for securities loaned. |
See accompanying notes to Schedule of Investments.
9
THE FINANCIAL SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $31,246,407,479 | $— | $— | $31,246,407,479 | ||||
Short-Term Investments | 158,939,990 | — | — | 158,939,990 | ||||
TOTAL INVESTMENTS | $31,405,347,469 | $— | $— | $31,405,347,469 |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Corp. | 2,979,555 | $181,186,739 | $53,054,634 | $46,998,561 | $221,970 | $50,085,197 | 3,062,395 | $237,549,980 | $1,929,835 | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 62,474,114 | 62,486,609 | 266,421,151 | 296,717,604 | 2,404 | (5,004) | 32,181,119 | 32,187,556 | 401,738 | ||||||||
State Street Navigator Securities Lending Portfolio II | 122,805,648 | 122,805,648 | 672,328,248 | 668,381,462 | — | — | 126,752,434 | 126,752,434 | 94,895 | ||||||||
Total | $366,478,996 | $991,804,033 | $1,012,097,627 | $224,374 | $50,080,193 | $396,489,970 | $2,426,468 |
See accompanying notes to Schedule of Investments.
10
THE HEALTH CARE SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.9% | ||||||
BIOTECHNOLOGY — 15.7% | ||||||
AbbVie, Inc. (a) | 14,606,594 | $2,360,571,657 | ||||
Amgen, Inc. | 4,407,084 | 1,157,476,542 | ||||
Biogen, Inc. (a) (b) | 1,189,396 | 329,367,540 | ||||
Gilead Sciences, Inc. (a) | 10,359,279 | 889,344,102 | ||||
Incyte Corp. (b) | 1,525,126 | 122,498,120 | ||||
Moderna, Inc. (a) (b) | 2,728,877 | 490,160,887 | ||||
Regeneron Pharmaceuticals, Inc. (b) | 884,487 | 638,148,526 | ||||
Vertex Pharmaceuticals, Inc. (b) | 2,120,108 | 612,244,788 | ||||
6,599,812,162 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 17.8% | ||||||
Abbott Laboratories | 14,400,859 | 1,581,070,310 | ||||
Align Technology, Inc. (b) | 599,985 | 126,536,837 | ||||
Baxter International, Inc. | 4,163,728 | 212,225,216 | ||||
Becton Dickinson & Co. | 2,355,551 | 599,016,619 | ||||
Boston Scientific Corp. (b) | 11,830,099 | 547,378,681 | ||||
Cooper Cos., Inc. | 407,569 | 134,770,841 | ||||
DENTSPLY SIRONA, Inc. (a) | 1,775,060 | 56,517,910 | ||||
DexCom, Inc. (b) | 3,190,238 | 361,262,551 | ||||
Edwards Lifesciences Corp. (b) | 5,106,475 | 380,994,100 | ||||
Hologic, Inc. (b) | 2,061,960 | 154,255,228 | ||||
IDEXX Laboratories, Inc. (b) | 683,991 | 279,040,968 | ||||
Intuitive Surgical, Inc. (b) | 2,918,795 | 774,502,253 | ||||
Medtronic PLC | 10,977,990 | 853,209,383 | ||||
ResMed, Inc. | 1,209,899 | 251,816,279 | ||||
STERIS PLC (a) | 824,530 | 152,282,446 | ||||
Stryker Corp. (a) | 2,781,811 | 680,124,971 | ||||
Teleflex, Inc. (a) | 387,451 | 96,719,393 | ||||
Zimmer Biomet Holdings, Inc. | 1,733,264 | 220,991,160 | ||||
7,462,715,146 | ||||||
HEALTH CARE PROVIDERS & SERVICES — 23.3% | ||||||
AmerisourceBergen Corp. (a) | 1,337,638 | 221,659,993 | ||||
Cardinal Health, Inc. | 2,165,055 | 166,427,778 | ||||
Centene Corp. (b) | 4,677,006 | 383,561,262 | ||||
Cigna Corp. | 2,525,179 | 836,692,810 | ||||
CVS Health Corp. | 10,852,594 | 1,011,353,235 | ||||
DaVita, Inc. (a) (b) | 457,314 | 34,147,636 | ||||
Elevance Health, Inc. (a) | 1,972,582 | 1,011,875,389 | ||||
HCA Healthcare, Inc. | 1,751,311 | 420,244,588 | ||||
Henry Schein, Inc. (a) (b) | 1,119,588 | 89,421,494 | ||||
Humana, Inc. | 1,045,671 | 535,582,229 | ||||
Laboratory Corp. of America Holdings | 731,745 | 172,311,313 | ||||
McKesson Corp. (a) | 1,171,127 | 439,313,160 | ||||
Molina Healthcare, Inc. (b) | 482,311 | 159,268,738 | ||||
Quest Diagnostics, Inc. (a) | 940,626 | 147,151,531 | ||||
UnitedHealth Group, Inc. | 7,717,138 | 4,091,472,225 | ||||
Universal Health Services, Inc. Class B (a) | 529,927 | 74,661,415 | ||||
9,795,144,796 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 12.3% | ||||||
Agilent Technologies, Inc. (a) | 2,445,161 | 365,918,344 |
Security Description | Shares | Value | ||||
Bio-Rad Laboratories, Inc. Class A (b) | 177,801 | $74,763,542 | ||||
Bio-Techne Corp. | 1,296,497 | 107,453,671 | ||||
Charles River Laboratories International, Inc. (a) (b) | 420,251 | 91,572,693 | ||||
Danaher Corp. | 5,411,290 | 1,436,264,592 | ||||
Illumina, Inc. (a) (b) | 1,299,229 | 262,704,104 | ||||
IQVIA Holdings, Inc. (b) | 1,534,122 | 314,326,257 | ||||
Mettler-Toledo International, Inc. (a) (b) | 184,085 | 266,085,663 | ||||
PerkinElmer, Inc. (a) | 1,042,483 | 146,176,966 | ||||
Thermo Fisher Scientific, Inc. | 3,239,320 | 1,783,861,131 | ||||
Waters Corp. (a) (b) | 490,717 | 168,109,830 | ||||
West Pharmaceutical Services, Inc. | 611,490 | 143,914,171 | ||||
5,161,150,964 | ||||||
PHARMACEUTICALS — 30.8% | ||||||
Bristol-Myers Squibb Co. | 17,560,811 | 1,263,500,351 | ||||
Catalent, Inc. (a) (b) | 1,486,350 | 66,900,614 | ||||
Eli Lilly & Co. (a) | 6,513,762 | 2,382,994,690 | ||||
Johnson & Johnson | 21,594,083 | 3,814,594,762 | ||||
Merck & Co., Inc. (a) | 20,940,905 | 2,323,393,410 | ||||
Organon & Co. (a) | 2,100,920 | 58,678,696 | ||||
Pfizer, Inc. | 46,362,727 | 2,375,626,131 | ||||
Viatris, Inc. | 10,016,080 | 111,478,970 | ||||
Zoetis, Inc. (a) | 3,849,471 | 564,139,975 | ||||
12,961,307,599 | ||||||
TOTAL COMMON STOCKS (Cost $42,124,574,556) | 41,980,130,667 | |||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 15,750,492 | 15,753,642 | ||||
State Street Navigator Securities Lending Portfolio II (e) (f) | 125,593,119 | 125,593,119 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $141,345,487) | 141,346,761 | |||||
TOTAL INVESTMENTS — 100.2% (Cost $42,265,920,043) | 42,121,477,428 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% | (97,343,977) | |||||
NET ASSETS — 100.0% | $42,024,133,451 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(e) | The Fund invested in an affiliated entity. Amounts related to these investments during the year ended December 31, 2022 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
See accompanying notes to Schedule of Investments.
11
THE HEALTH CARE SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $41,980,130,667 | $— | $— | $41,980,130,667 | ||||
Short-Term Investments | 141,346,761 | — | — | 141,346,761 | ||||
TOTAL INVESTMENTS | $42,121,477,428 | $— | $— | $42,121,477,428 |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 40,926,004 | $40,934,189 | $208,358,948 | $233,547,877 | $12,285 | $(3,903) | 15,750,492 | $15,753,642 | $674,460 | ||||||||
State Street Navigator Securities Lending Portfolio II | 158,598,098 | 158,598,098 | 537,072,478 | 570,077,457 | — | — | 125,593,119 | 125,593,119 | 55,457 | ||||||||
Total | $199,532,287 | $745,431,426 | $803,625,334 | $12,285 | $(3,903) | $141,346,761 | $729,917 |
See accompanying notes to Schedule of Investments.
12
THE INDUSTRIAL SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.8% | ||||||
AEROSPACE & DEFENSE — 22.0% | ||||||
Boeing Co. (a) | 2,720,746 | $518,274,905 | ||||
General Dynamics Corp. | 1,093,361 | 271,273,798 | ||||
Howmet Aerospace, Inc. | 1,788,210 | 70,473,356 | ||||
Huntington Ingalls Industries, Inc. | 193,750 | 44,694,250 | ||||
L3Harris Technologies, Inc. | 924,695 | 192,530,746 | ||||
Lockheed Martin Corp. | 1,132,781 | 551,086,629 | ||||
Northrop Grumman Corp. | 702,596 | 383,343,403 | ||||
Raytheon Technologies Corp. | 7,139,377 | 720,505,927 | ||||
Textron, Inc. | 1,013,958 | 71,788,226 | ||||
TransDigm Group, Inc. | 250,815 | 157,925,665 | ||||
2,981,896,905 | ||||||
AIR FREIGHT & LOGISTICS — 7.0% | ||||||
C.H. Robinson Worldwide, Inc. (b) | 571,606 | 52,336,246 | ||||
Expeditors International of Washington, Inc. (b) | 772,841 | 80,313,637 | ||||
FedEx Corp. | 1,162,681 | 201,376,349 | ||||
United Parcel Service, Inc. Class B | 3,544,442 | 616,165,797 | ||||
950,192,029 | ||||||
AIRLINES — 2.4% | ||||||
Alaska Air Group, Inc. (a) (b) | 615,953 | 26,449,022 | ||||
American Airlines Group, Inc. (a) (b) | 3,156,240 | 40,147,373 | ||||
Delta Air Lines, Inc. (a) | 3,113,945 | 102,324,233 | ||||
Southwest Airlines Co. | 2,883,468 | 97,086,367 | ||||
United Airlines Holdings, Inc. (a) | 1,587,661 | 59,854,820 | ||||
325,861,815 | ||||||
BUILDING PRODUCTS — 5.2% | ||||||
A.O. Smith Corp. | 616,130 | 35,267,281 | ||||
Allegion PLC | 426,648 | 44,908,969 | ||||
Carrier Global Corp. | 4,061,383 | 167,532,049 | ||||
Johnson Controls International PLC | 3,344,704 | 214,061,056 | ||||
Masco Corp. (b) | 1,095,299 | 51,117,604 | ||||
Trane Technologies PLC | 1,118,558 | 188,018,414 | ||||
700,905,373 | ||||||
COMMERCIAL SERVICES & SUPPLIES — 5.7% | ||||||
Cintas Corp. | 419,194 | 189,316,394 | ||||
Copart, Inc. (a) | 2,081,111 | 126,718,849 | ||||
Republic Services, Inc. | 997,612 | 128,681,972 | ||||
Rollins, Inc. | 1,124,164 | 41,076,953 | ||||
Waste Management, Inc. | 1,813,683 | 284,530,589 | ||||
770,324,757 | ||||||
CONSTRUCTION & ENGINEERING — 0.7% | ||||||
Quanta Services, Inc. | 694,045 | 98,901,412 | ||||
ELECTRICAL EQUIPMENT — 6.7% | ||||||
AMETEK, Inc. | 1,115,323 | 155,832,930 | ||||
Eaton Corp. PLC (b) | 1,931,496 | 303,148,297 | ||||
Emerson Electric Co. | 2,871,634 | 275,849,162 | ||||
Generac Holdings, Inc. (a) (b) | 307,835 | 30,986,671 |
Security Description | Shares | Value | ||||
Rockwell Automation, Inc. | 557,746 | $143,658,637 | ||||
909,475,697 | ||||||
INDUSTRIAL CONGLOMERATES — 10.9% | ||||||
3M Co. | 2,684,377 | 321,910,490 | ||||
General Electric Co. | 5,306,629 | 444,642,444 | ||||
Honeywell International, Inc. | 3,265,201 | 699,732,574 | ||||
1,466,285,508 | ||||||
MACHINERY — 21.7% | ||||||
Caterpillar, Inc. (b) | 2,527,422 | 605,469,214 | ||||
Cummins, Inc. | 684,882 | 165,940,060 | ||||
Deere & Co. | 1,333,861 | 571,906,242 | ||||
Dover Corp. | 681,617 | 92,297,758 | ||||
Fortive Corp. | 1,718,275 | 110,399,169 | ||||
IDEX Corp. | 366,233 | 83,621,981 | ||||
Illinois Tool Works, Inc. | 1,357,553 | 299,068,926 | ||||
Ingersoll Rand, Inc. | 1,966,587 | 102,754,171 | ||||
Nordson Corp. | 261,192 | 62,090,562 | ||||
Otis Worldwide Corp. | 2,023,207 | 158,437,340 | ||||
PACCAR, Inc. | 1,688,954 | 167,155,777 | ||||
Parker-Hannifin Corp. | 623,556 | 181,454,796 | ||||
Pentair PLC | 798,833 | 35,931,508 | ||||
Snap-on, Inc. | 258,201 | 58,996,346 | ||||
Stanley Black & Decker, Inc. | 718,480 | 53,972,218 | ||||
Westinghouse Air Brake Technologies Corp. | 883,254 | 88,157,582 | ||||
Xylem, Inc. | 875,194 | 96,770,201 | ||||
2,934,423,851 | ||||||
PROFESSIONAL SERVICES — 4.3% | ||||||
CoStar Group, Inc. (a) | 1,975,069 | 152,633,332 | ||||
Equifax, Inc. (b) | 594,649 | 115,575,980 | ||||
Jacobs Solutions, Inc. | 619,702 | 74,407,619 | ||||
Leidos Holdings, Inc. | 663,870 | 69,832,485 | ||||
Robert Half International, Inc. (b) | 526,926 | 38,902,947 | ||||
Verisk Analytics, Inc. | 759,476 | 133,986,756 | ||||
585,339,119 | ||||||
ROAD & RAIL — 10.4% | ||||||
CSX Corp. | 10,210,393 | 316,317,975 | ||||
JB Hunt Transport Services, Inc. | 402,208 | 70,128,987 | ||||
Norfolk Southern Corp. | 1,124,377 | 277,068,980 | ||||
Old Dominion Freight Line, Inc. (b) | 439,926 | 124,842,200 | ||||
Union Pacific Corp. | 2,985,867 | 618,283,480 | ||||
1,406,641,622 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 2.8% | ||||||
Fastenal Co. | 2,781,620 | 131,626,258 | ||||
United Rentals, Inc. (a) | 336,573 | 119,624,776 | ||||
W.W. Grainger, Inc. | 218,255 | 121,404,344 | ||||
372,655,378 | ||||||
TOTAL COMMON STOCKS (Cost $15,884,646,437) | 13,502,903,466 |
See accompanying notes to Schedule of Investments.
13
THE INDUSTRIAL SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
SHORT-TERM INVESTMENTS — 0.9% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 14,135,191 | $14,138,018 | ||||
State Street Navigator Securities Lending Portfolio II (e) (f) | 104,339,704 | 104,339,704 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $118,477,060) | 118,477,722 | |||||
TOTAL INVESTMENTS — 100.7% (Cost $16,003,123,497) | 13,621,381,188 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.7)% | (87,983,372) | |||||
NET ASSETS — 100.0% | $13,533,397,816 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
At December 31, 2022, open futures contracts were as follows:
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | |||||
E-mini S&P 500 Industrial Select Sector Index (long) | 243 | 03/17/2023 | $24,409,350 | $24,210,090 | $(199,260) |
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $13,502,903,466 | $— | $— | $13,502,903,466 | ||||
Short-Term Investments | 118,477,722 | — | — | 118,477,722 | ||||
TOTAL INVESTMENTS | $13,621,381,188 | $— | $— | $13,621,381,188 | ||||
LIABILITIES: | ||||||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(a) | (199,260) | — | — | (199,260) | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS: | $(199,260) | $— | $— | $(199,260) |
(a) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 17,536,831 | $17,540,339 | $84,347,991 | $87,754,130 | $6,047 | $(2,229) | 14,135,191 | $14,138,018 | $234,400 | ||||||||
State Street Navigator Securities Lending Portfolio II | 107,539,396 | 107,539,396 | 493,276,873 | 496,476,565 | — | — | 104,339,704 | 104,339,704 | 87,564 | ||||||||
Total | $125,079,735 | $577,624,864 | $584,230,695 | $6,047 | $(2,229) | $118,477,722 | $321,964 |
See accompanying notes to Schedule of Investments.
14
THE MATERIALS SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.6% | ||||||
CHEMICALS — 68.4% | ||||||
Air Products & Chemicals, Inc. | 1,320,300 | $406,995,678 | ||||
Albemarle Corp. | 697,373 | 151,232,309 | ||||
Celanese Corp. | 593,802 | 60,710,317 | ||||
CF Industries Holdings, Inc. | 1,167,848 | 99,500,650 | ||||
Corteva, Inc. | 4,253,145 | 249,999,863 | ||||
Dow, Inc. | 4,189,249 | 211,096,257 | ||||
DuPont de Nemours, Inc. (a) | 2,957,228 | 202,954,558 | ||||
Eastman Chemical Co. | 714,262 | 58,169,497 | ||||
Ecolab, Inc. | 1,475,077 | 214,712,208 | ||||
FMC Corp. | 749,834 | 93,579,283 | ||||
International Flavors & Fragrances, Inc. | 1,517,704 | 159,116,087 | ||||
Linde PLC | 2,942,884 | 959,909,903 | ||||
LyondellBasell Industries NV Class A | 1,511,906 | 125,533,555 | ||||
Mosaic Co. | 2,026,772 | 88,914,488 | ||||
PPG Industries, Inc. | 1,399,037 | 175,914,912 | ||||
Sherwin-Williams Co. | 1,403,763 | 333,155,073 | ||||
3,591,494,638 | ||||||
CONSTRUCTION MATERIALS — 5.0% | ||||||
Martin Marietta Materials, Inc. | 369,611 | 124,917,430 | ||||
Vulcan Materials Co. | 791,155 | 138,539,152 | ||||
263,456,582 | ||||||
CONTAINERS & PACKAGING — 10.1% | ||||||
Amcor PLC | 8,863,660 | 105,566,191 | ||||
Avery Dennison Corp. | 481,982 | 87,238,742 | ||||
Ball Corp. | 1,868,666 | 95,563,579 | ||||
International Paper Co. | 2,117,186 | 73,318,151 | ||||
Packaging Corp. of America | 550,824 | 70,455,898 | ||||
Sealed Air Corp. | 861,105 | 42,951,917 | ||||
Westrock Co. | 1,513,752 | 53,223,520 | ||||
528,317,998 |
Security Description | Shares | Value | ||||
METALS & MINING — 16.1% | ||||||
Freeport-McMoRan, Inc. | 8,508,326 | $323,316,388 | ||||
Newmont Corp. | 4,724,878 | 223,014,242 | ||||
Nucor Corp. | 1,527,121 | 201,289,819 | ||||
Steel Dynamics, Inc. | 992,855 | 97,001,933 | ||||
844,622,382 | ||||||
TOTAL COMMON STOCKS (Cost $6,231,424,821) | 5,227,891,600 | |||||
SHORT-TERM INVESTMENTS — 1.0% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (b) (c) | 14,348,947 | 14,351,817 | ||||
State Street Navigator Securities Lending Portfolio II (d) (e) | 37,943,080 | 37,943,080 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $52,294,695) | 52,294,897 | |||||
TOTAL INVESTMENTS — 100.6% (Cost $6,283,719,516) | 5,280,186,497 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.6)% | (30,555,566) | |||||
NET ASSETS — 100.0% | $5,249,630,931 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(c) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(d) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(e) | Investment of cash collateral for securities loaned. |
At December 31, 2022, open futures contracts were as follows:
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | |||||
E-mini S&P 500 Material Select Sector Index (long) | 205 | 03/17/2023 | $17,668,591 | $17,002,700 | $(665,891) |
See accompanying notes to Schedule of Investments.
15
THE MATERIALS SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $5,227,891,600 | $— | $— | $5,227,891,600 | ||||
Short-Term Investments | 52,294,897 | — | — | 52,294,897 | ||||
TOTAL INVESTMENTS | $5,280,186,497 | $— | $— | $5,280,186,497 | ||||
LIABILITIES: | ||||||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(a) | (665,891) | — | — | (665,891) | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS: | $(665,891) | $— | $— | $(665,891) |
(a) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 3,340,391 | $3,341,060 | $50,054,177 | $39,044,399 | $1,063 | $(84) | 14,348,947 | $14,351,817 | $90,683 | ||||||||
State Street Navigator Securities Lending Portfolio II | — | — | 240,520,426 | 202,577,346 | — | — | 37,943,080 | 37,943,080 | 27,196 | ||||||||
Total | $3,341,060 | $290,574,603 | $241,621,745 | $1,063 | $(84) | $52,294,897 | $117,879 |
See accompanying notes to Schedule of Investments.
16
THE REAL ESTATE SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.6% | ||||||
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs) — 96.8% | ||||||
Alexandria Real Estate Equities, Inc. REIT | 840,074 | $122,373,580 | ||||
American Tower Corp. REIT | 2,619,573 | 554,982,736 | ||||
AvalonBay Communities, Inc. REIT | 787,082 | 127,129,485 | ||||
Boston Properties, Inc. REIT | 802,557 | 54,236,802 | ||||
Camden Property Trust REIT | 599,374 | 67,057,963 | ||||
Crown Castle, Inc. REIT | 2,436,452 | 330,480,349 | ||||
Digital Realty Trust, Inc. REIT | 1,617,678 | 162,204,573 | ||||
Equinix, Inc. REIT | 520,678 | 341,059,710 | ||||
Equity Residential REIT | 1,913,673 | 112,906,707 | ||||
Essex Property Trust, Inc. REIT | 364,369 | 77,217,078 | ||||
Extra Space Storage, Inc. REIT | 753,496 | 110,899,541 | ||||
Federal Realty Investment Trust REIT | 410,231 | 41,449,740 | ||||
Healthpeak Properties, Inc. REIT | 3,024,270 | 75,818,449 | ||||
Host Hotels & Resorts, Inc. REIT | 4,022,858 | 64,566,871 | ||||
Invitation Homes, Inc. REIT | 3,267,957 | 96,862,246 | ||||
Iron Mountain, Inc. REIT | 1,635,595 | 81,534,411 | ||||
Kimco Realty Corp. REIT | 3,479,641 | 73,698,796 | ||||
Mid-America Apartment Communities, Inc. REIT | 649,706 | 101,997,345 | ||||
Prologis, Inc. REIT | 5,193,421 | 585,454,349 | ||||
Public Storage REIT | 889,328 | 249,180,812 | ||||
Realty Income Corp. REIT | 3,528,534 | 223,814,912 | ||||
Regency Centers Corp. REIT | 864,413 | 54,025,813 | ||||
SBA Communications Corp. REIT | 607,482 | 170,283,279 | ||||
Simon Property Group, Inc. REIT | 1,839,508 | 216,105,400 | ||||
UDR, Inc. REIT | 1,721,635 | 66,678,924 |
Security Description | Shares | Value | ||||
Ventas, Inc. REIT | 2,248,895 | $101,312,720 | ||||
VICI Properties, Inc. REIT | 5,418,590 | 175,562,316 | ||||
Vornado Realty Trust REIT (a) | 904,210 | 18,816,610 | ||||
Welltower, Inc. REIT | 2,658,526 | 174,266,379 | ||||
Weyerhaeuser Co. REIT | 4,140,481 | 128,354,911 | ||||
4,760,332,807 | ||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.8% | ||||||
CBRE Group, Inc. Class A (b) | 1,777,609 | 136,804,789 | ||||
TOTAL COMMON STOCKS (Cost $6,213,458,060) | 4,897,137,596 | |||||
SHORT-TERM INVESTMENT — 0.0% (c) | ||||||
State Street Navigator Securities Lending Portfolio II (d) (e) (Cost $1,585,466) | 1,585,466 | 1,585,466 | ||||
TOTAL INVESTMENTS — 99.6% (Cost $6,215,043,526) | 4,898,723,062 | |||||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.4% | 19,234,295 | |||||
NET ASSETS — 100.0% | $4,917,957,357 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | Non-income producing security. |
(c) | Amount is less than 0.05% of net assets. |
(d) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(e) | Investment of cash collateral for securities loaned. |
REIT | Real Estate Investment Trust |
At December 31, 2022, open futures contracts were as follows:
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | |||||
E-mini S&P 500 Real Estate Select Sector Index (long) | 425 | 03/17/2023 | $20,113,438 | $19,390,625 | $(722,813) |
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $4,897,137,596 | $— | $— | $4,897,137,596 | ||||
Short-Term Investment | 1,585,466 | — | — | 1,585,466 | ||||
TOTAL INVESTMENTS | $4,898,723,062 | $— | $— | $4,898,723,062 |
See accompanying notes to Schedule of Investments.
17
THE REAL ESTATE SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
LIABILITIES: | ||||||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(a) | $(722,813) | $— | $— | $(722,813) | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS: | $(722,813) | $— | $— | $(722,813) |
(a) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 14,197,398 | $14,200,238 | $75,342,722 | $89,543,223 | $263 | $— | — | $— | $46,557 | ||||||||
State Street Navigator Securities Lending Portfolio II | — | — | 12,077,693 | 10,492,227 | — | — | 1,585,466 | 1,585,466 | 919 | ||||||||
Total | $14,200,238 | $87,420,415 | $100,035,450 | $263 | $— | $1,585,466 | $47,476 |
See accompanying notes to Schedule of Investments.
18
THE TECHNOLOGY SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.8% | ||||||
COMMUNICATIONS EQUIPMENT — 3.6% | ||||||
Arista Networks, Inc. (a) | 1,159,125 | $140,659,819 | ||||
Cisco Systems, Inc. | 19,228,703 | 916,055,411 | ||||
F5, Inc. (a) | 280,332 | 40,230,445 | ||||
Juniper Networks, Inc. | 1,519,952 | 48,577,666 | ||||
Motorola Solutions, Inc. | 783,032 | 201,795,177 | ||||
1,347,318,518 | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.5% | ||||||
Amphenol Corp. Class A | 2,786,897 | 212,194,338 | ||||
CDW Corp. | 634,000 | 113,219,720 | ||||
Corning, Inc. | 3,564,913 | 113,863,321 | ||||
Keysight Technologies, Inc. (a) | 837,318 | 143,239,990 | ||||
TE Connectivity, Ltd. | 1,489,621 | 171,008,491 | ||||
Teledyne Technologies, Inc. (a) | 219,528 | 87,791,442 | ||||
Trimble, Inc. (a) | 1,154,939 | 58,393,716 | ||||
Zebra Technologies Corp. Class A (a) | 241,808 | 62,001,989 | ||||
961,713,007 | ||||||
IT SERVICES — 17.7% | ||||||
Accenture PLC Class A | 2,950,721 | 787,370,392 | ||||
Akamai Technologies, Inc. (a) | 736,325 | 62,072,197 | ||||
Automatic Data Processing, Inc. | 1,942,676 | 464,027,589 | ||||
Broadridge Financial Solutions, Inc. | 550,990 | 73,904,289 | ||||
Cognizant Technology Solutions Corp. Class A | 2,406,712 | 137,639,859 | ||||
DXC Technology Co. (a) | 1,077,424 | 28,551,736 | ||||
EPAM Systems, Inc. (a) | 269,316 | 88,265,626 | ||||
Fidelity National Information Services, Inc. | 2,778,827 | 188,543,412 | ||||
Fiserv, Inc. (a) | 2,973,846 | 300,566,615 | ||||
FleetCor Technologies, Inc. (a) | 345,395 | 63,442,154 | ||||
Gartner, Inc. (a) | 370,026 | 124,380,540 | ||||
Global Payments, Inc. | 1,266,362 | 125,775,074 | ||||
International Business Machines Corp. | 4,234,101 | 596,542,490 | ||||
Jack Henry & Associates, Inc. | 341,603 | 59,971,823 | ||||
Mastercard, Inc. Class A | 3,975,421 | 1,382,373,144 | ||||
Paychex, Inc. | 1,502,149 | 173,588,338 | ||||
PayPal Holdings, Inc. (a) | 5,338,872 | 380,234,464 | ||||
VeriSign, Inc. (a) | 431,979 | 88,745,766 | ||||
Visa, Inc. Class A (b) | 7,656,919 | 1,590,801,491 | ||||
6,716,796,999 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 20.1% | ||||||
Advanced Micro Devices, Inc. (a) | 7,550,809 | 489,065,899 | ||||
Analog Devices, Inc. | 2,408,677 | 395,095,288 | ||||
Applied Materials, Inc. | 4,028,910 | 392,335,256 | ||||
Broadcom, Inc. | 1,896,643 | 1,060,470,001 | ||||
Enphase Energy, Inc. (a) | 636,561 | 168,663,203 | ||||
First Solar, Inc. (a) | 464,340 | 69,553,489 | ||||
Intel Corp. | 19,327,170 | 510,817,103 |
Security Description | Shares | Value | ||||
KLA Corp. | 663,690 | $250,231,041 | ||||
Lam Research Corp. | 638,677 | 268,435,943 | ||||
Microchip Technology, Inc. | 2,575,784 | 180,948,826 | ||||
Micron Technology, Inc. | 5,091,355 | 254,465,923 | ||||
Monolithic Power Systems, Inc. | 208,836 | 73,846,498 | ||||
NVIDIA Corp. | 11,660,883 | 1,704,121,442 | ||||
NXP Semiconductors NV | 1,213,505 | 191,770,195 | ||||
ON Semiconductor Corp. (a) | 2,025,078 | 126,304,115 | ||||
Qorvo, Inc. (a) | 474,838 | 43,039,316 | ||||
QUALCOMM, Inc. | 5,249,775 | 577,160,263 | ||||
Skyworks Solutions, Inc. | 751,356 | 68,471,072 | ||||
SolarEdge Technologies, Inc. (a) | 261,772 | 74,152,154 | ||||
Teradyne, Inc. (b) | 729,396 | 63,712,741 | ||||
Texas Instruments, Inc. | 4,250,266 | 702,228,948 | ||||
7,664,888,716 | ||||||
SOFTWARE — 33.0% | ||||||
Adobe, Inc. (a) | 2,177,179 | 732,686,049 | ||||
ANSYS, Inc. (a) | 407,980 | 98,563,888 | ||||
Autodesk, Inc. (a) | 1,010,908 | 188,908,378 | ||||
Cadence Design Systems, Inc. (a) | 1,284,678 | 206,370,674 | ||||
Ceridian HCM Holding, Inc. (a) | 719,305 | 46,143,416 | ||||
Fortinet, Inc. (a) | 3,036,637 | 148,461,183 | ||||
Gen Digital, Inc. | 2,714,859 | 58,179,428 | ||||
Intuit, Inc. | 1,320,046 | 513,788,304 | ||||
Microsoft Corp. | 34,910,083 | 8,372,136,105 | ||||
Oracle Corp. | 7,197,052 | 588,287,031 | ||||
Paycom Software, Inc. (a) | 227,607 | 70,628,728 | ||||
PTC, Inc. (a) | 495,099 | 59,431,684 | ||||
Roper Technologies, Inc. | 496,620 | 214,584,536 | ||||
Salesforce, Inc. (a) | 4,683,116 | 620,934,350 | ||||
ServiceNow, Inc. (a) | 946,017 | 367,310,021 | ||||
Synopsys, Inc. (a) | 716,061 | 228,631,117 | ||||
Tyler Technologies, Inc. (a) | 194,967 | 62,859,310 | ||||
12,577,904,202 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 22.9% | ||||||
Apple, Inc. | 64,407,133 | 8,368,418,791 | ||||
Hewlett Packard Enterprise Co. | 6,025,737 | 96,170,763 | ||||
HP, Inc. | 4,145,592 | 111,392,057 | ||||
NetApp, Inc. | 1,017,940 | 61,137,476 | ||||
Seagate Technology Holdings PLC | 899,143 | 47,303,913 | ||||
Western Digital Corp. (a) | 1,487,610 | 46,934,095 | ||||
8,731,357,095 | ||||||
TOTAL COMMON STOCKS (Cost $42,592,048,192) | 37,999,978,537 | |||||
SHORT-TERM INVESTMENTS — 0.4% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 73,740,438 | 73,755,186 |
See accompanying notes to Schedule of Investments.
19
THE TECHNOLOGY SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
State Street Navigator Securities Lending Portfolio II (e) (f) | 72,323,492 | $72,323,492 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $146,068,414) | 146,078,678 | |||||
TOTAL INVESTMENTS — 100.2% (Cost $42,738,116,606) | 38,146,057,215 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% | (63,651,115) | |||||
NET ASSETS — 100.0% | $38,082,406,100 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
At December 31, 2022, open futures contracts were as follows:
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | |||||
E-mini S&P 500 Technology Select Sector Index (long) | 474 | 03/17/2023 | $63,056,220 | $59,885,160 | $(3,171,060) |
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $37,999,978,537 | $— | $— | $37,999,978,537 | ||||
Short-Term Investments | 146,078,678 | — | — | 146,078,678 | ||||
TOTAL INVESTMENTS | $38,146,057,215 | $— | $— | $38,146,057,215 | ||||
LIABILITIES: | ||||||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(a) | (3,171,060) | — | — | (3,171,060) | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS: | $(3,171,060) | $— | $— | $(3,171,060) |
(a) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 60,823,039 | $60,835,203 | $219,294,635 | $206,375,085 | $6,612 | $(6,180) | 73,740,438 | $73,755,186 | $580,537 | ||||||||
State Street Navigator Securities Lending Portfolio II | 94,660,055 | 94,660,055 | 1,334,175,168 | 1,356,511,731 | — | — | 72,323,492 | 72,323,492 | 297,175 | ||||||||
Total | $155,495,258 | $1,553,469,803 | $1,562,886,816 | $6,612 | $(6,180) | $146,078,678 | $877,712 |
See accompanying notes to Schedule of Investments.
20
THE UTILITIES SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.8% | ||||||
ELECTRIC UTILITIES — 65.6% | ||||||
Alliant Energy Corp. (a) | 3,979,273 | $219,695,662 | ||||
American Electric Power Co., Inc. (a) | 8,145,805 | 773,444,185 | ||||
Constellation Energy Corp. (a) | 5,183,902 | 446,904,191 | ||||
Duke Energy Corp. (a) | 12,207,098 | 1,257,209,023 | ||||
Edison International | 6,053,488 | 385,122,906 | ||||
Entergy Corp. | 3,225,626 | 362,882,925 | ||||
Evergy, Inc. | 3,638,588 | 228,976,343 | ||||
Eversource Energy (a) | 5,521,446 | 462,918,033 | ||||
Exelon Corp. | 15,752,869 | 680,996,527 | ||||
FirstEnergy Corp. | 8,610,362 | 361,118,582 | ||||
NextEra Energy, Inc. (a) | 31,500,818 | 2,633,468,385 | ||||
NRG Energy, Inc. (a) | 3,652,112 | 116,210,204 | ||||
PG&E Corp. (a) (b) | 25,522,539 | 414,996,484 | ||||
Pinnacle West Capital Corp. | 1,793,464 | 136,375,003 | ||||
PPL Corp. | 11,672,218 | 341,062,210 | ||||
Southern Co. | 17,257,740 | 1,232,375,213 | ||||
Xcel Energy, Inc. | 8,675,034 | 608,206,634 | ||||
10,661,962,510 | ||||||
GAS UTILITIES — 1.5% | ||||||
Atmos Energy Corp. (a) | 2,217,581 | 248,524,303 | ||||
INDEPENDENT POWER & RENEWABLE ELECTRICITY PRODUCERS — 1.9% | ||||||
AES Corp. | 10,588,414 | 304,522,787 | ||||
MULTI-UTILITIES — 28.1% | ||||||
Ameren Corp. (a) | 4,098,112 | 364,404,119 | ||||
CenterPoint Energy, Inc. | 9,979,474 | 299,284,425 | ||||
CMS Energy Corp. (a) | 4,601,110 | 291,388,296 | ||||
Consolidated Edison, Inc. (a) | 5,625,317 | 536,148,963 | ||||
Dominion Energy, Inc. (a) | 13,209,201 | 809,988,206 | ||||
DTE Energy Co. | 3,071,261 | 360,965,306 | ||||
NiSource, Inc. (a) | 6,438,141 | 176,533,826 | ||||
Public Service Enterprise Group, Inc. (a) | 7,909,422 | 484,610,286 |
Security Description | Shares | Value | ||||
Sempra Energy (a) | 4,982,863 | $770,051,648 | ||||
WEC Energy Group, Inc. | 5,000,383 | 468,835,910 | ||||
4,562,210,985 | ||||||
WATER UTILITIES — 2.7% | ||||||
American Water Works Co., Inc. | 2,882,406 | 439,336,322 | ||||
TOTAL COMMON STOCKS (Cost $17,053,331,930) | 16,216,556,907 | |||||
SHORT-TERM INVESTMENTS — 0.4% | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 20,158,075 | 20,162,106 | ||||
State Street Navigator Securities Lending Portfolio II (e) (f) | 48,769,670 | 48,769,670 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $68,931,074) | 68,931,776 | |||||
TOTAL INVESTMENTS — 100.2% (Cost $17,122,263,004) | 16,285,488,683 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% | (24,718,234) | |||||
NET ASSETS — 100.0% | $16,260,770,449 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2022. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2022. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | $16,216,556,907 | $— | $— | $16,216,556,907 | ||||
Short-Term Investments | 68,931,776 | — | — | 68,931,776 | ||||
TOTAL INVESTMENTS | $16,285,488,683 | $— | $— | $16,285,488,683 |
See accompanying notes to Schedule of Investments.
21
THE UTILITIES SELECT SECTOR SPDR FUND
SCHEDULE OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
Affiliate Table
Number of Shares Held at 9/30/22 | Value at 9/30/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 12/31/22 | Value at 12/31/22 | Dividend Income | |||||||||
State Street Institutional Liquid Reserves Fund, Premier Class | 27,297,775 | $27,303,235 | $187,819,695 | $194,964,470 | $6,471 | $(2,825) | 20,158,075 | $20,162,106 | $219,886 | ||||||||
State Street Navigator Securities Lending Portfolio II | 92,621,035 | 92,621,035 | 750,183,138 | 794,034,503 | — | — | 48,769,670 | 48,769,670 | 93,546 | ||||||||
Total | $119,924,270 | $938,002,833 | $988,998,973 | $6,471 | $(2,825) | $68,931,776 | $313,432 |
See accompanying notes to Schedule of Investments.
22
THE SELECT SECTOR SPDR TRUST
NOTES TO SCHEDULES OF INVESTMENTS
December 31, 2022 (Unaudited)
Security Valuation
Each Fund's investments are valued at fair value each day that the New York Stock Exchange (“NYSE”) is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of each Fund are valued pursuant to the policy and procedures developed by the Oversight Committee (the “Committee”) and approved by the Board of Trustees of the Trust (the “Board”). The Committee provides oversight of the valuation of investments for the Funds. The Board has responsibility for overseeing the determination of the fair value of investments.
Valuation techniques used to value each Fund’s investments by major category are as follows:
• Equity investments (including registered investment companies that are exchange-traded funds) traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value.
• Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit.
• Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value.
In the event prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Board.
Fair value pricing could result in a difference between the prices used to calculate the Fund’s NAV and the prices used by the Fund’s respective Select Sector Index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s respective Select Sector Index. Various inputs are used in overseeing the determination of the value of the Funds’ investments.
The Funds value their assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.
The three levels of the fair value hierarchy are as follows:
• Level 1 – Unadjusted quoted prices in active markets for an identical asset or liability;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and
• Level 3 – Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments.
The value of each Fund’s investments, according to the fair value hierarchy as of December 31, 2022, is disclosed in each Fund’s respective Schedule of Investments.
23
THE SELECT SECTOR SPDR TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)
December 31, 2022 (Unaudited)
Futures Contracts
The Funds may enter into futures contracts to meet the Funds’ objectives. A futures contract is a standardized, exchange-traded agreement to buy or sell a financial instrument at a set price on a future date. Upon entering into a futures contract, the Fund is required to deposit with the broker, cash or securities in an amount equal to the minimum initial margin requirements of the clearing house. Securities deposited, if any, are designated on the Schedules of Investments and cash deposited, if any, is included in Net cash at broker on the Statements of Assets and Liabilities. Subsequent payments are made or received by Fund equal to the daily change in the contract value, accumulated, exchange rates, and or other transactional fees. The accumulation of those payments are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses. The Fund recognizes a realized gain or loss when the contract is closed.
Losses may arise if the value of a futures contract decreases due to unfavorable changes in the market rates or values of the underlying instrument during the term of the contract or if the counterparty does not perform under the contract. The use of futures contracts also involves the risk that the movements in the price of the futures contracts do not correlate with the movement of the assets underlying such contracts.
Other Transactions with Affiliates
The Funds may invest in affiliated entities, including securities issued by State Street Corporation, affiliated funds, or entities deemed to be affiliates as a result of the Funds owning more than five percent of the entity’s voting securities or outstanding shares. Amounts relating to these transactions during the period ended December 31, 2022 are disclosed in the Schedules of Investments.
Other information regarding the Funds is available in the Funds' most recent Report to Shareholders. This information is also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
24