UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-08839
SPDR® SERIES TRUST
(Exact name of registrant as specified in charter)
One Lincoln Street, Boston, MA 02111
(Address of principal executive offices) (zip code)
Ryan M. Louvar, Esq.
State Street Bank and Trust Company
One Lincoln Street/CPH0326
Boston, MA 02111
(Name and address of agent for service)
State Street Bank and Trust Company
One Lincoln Street/CPH0326
Boston, MA 02111
(Name and address of agent for service)
Copy to:
W. John McGuire, Esq.
Bingham McCutchen LLP
2020 K Street, N.W.
Washington, DC 20006
Bingham McCutchen LLP
2020 K Street, N.W.
Washington, DC 20006
Registrant’s telephone number, including area code: (866) 787-2257
Date of fiscal year end: June 30
Date of reporting period: December 31, 2012
TABLE OF CONTENTS
Item 1: Reports to Shareholders
SPDR® Series Trust – Equity Funds Semi-Annual Report December 31, 2012 Precise in a world that isn’t. SM |
TABLE OF CONTENTS
Performance & Portfolio Summary | ||
SPDR Dow Jones Total Market ETF (TMW) | 1 | |
SPDR Dow Jones Large Cap ETF (ELR) | 4 | |
SPDR S&P® 500 Growth ETF (SPYG) | 7 | |
SPDR S&P 500 Value ETF (SPYV) | 10 | |
SPDR Dow Jones Mid Cap ETF (EMM) | 13 | |
SPDR S&P 400 Mid Cap Growth ETF (MDYG) | 16 | |
SPDR S&P 400 Mid Cap Value ETF (MDYV) | 19 | |
SPDR S&P 600 Small Cap ETF (SLY) | 22 | |
SPDR S&P 600 Small Cap Growth ETF (SLYG) | 25 | |
SPDR S&P 600 Small Cap Value ETF (SLYV) | 28 | |
SPDR Global Dow ETF (DGT) | 31 | |
SPDR Dow Jones REIT ETF (RWR) | 34 | |
SPDR S&P Bank ETF (KBE) | 37 | |
SPDR S&P Capital Markets ETF (KCE) | 40 | |
SPDR S&P Insurance ETF (KIE) | 43 | |
SPDR S&P Mortgage Finance ETF (KME) | 46 | |
SPDR S&P Regional Banking ETF (KRE) | 49 | |
SPDR Morgan Stanley Technology ETF (MTK) | 52 | |
SPDR S&P Dividend ETF (SDY) | 55 | |
SPDR S&P Aerospace & Defense ETF (XAR) | 58 | |
SPDR S&P Biotech ETF (XBI) | 61 | |
SPDR S&P Health Care Equipment ETF (XHE) | 64 | |
SPDR S&P Health Care Services ETF (XHS) | 67 | |
SPDR S&P Homebuilders ETF (XHB) | 70 | |
SPDR S&P Metals & Mining ETF (XME) | 73 | |
SPDR S&P Oil & Gas Equipment & Services ETF (XES) | 76 | |
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) | 79 | |
SPDR S&P Pharmaceuticals ETF (XPH) | 82 | |
SPDR S&P Retail ETF (XRT) | 85 | |
SPDR S&P Semiconductor ETF (XSD) | 88 | |
SPDR S&P Software & Services ETF (XSW) | 91 | |
SPDR S&P Telecom ETF (XTL) | 94 | |
SPDR S&P Transportation ETF (XTN) | 97 | |
SPDR S&P 1500 Momentum Tilt ETF (MMTM) | 100 | |
SPDR S&P 1500 Value Tilt ETF (VLU) | 101 | |
SPDR Wells Fargo® Preferred Stock ETF (PSK) | 102 | |
Schedules of Investments | ||
SPDR Dow Jones Total Market ETF (TMW) | 105 | |
SPDR Dow Jones Large Cap ETF (ELR) | 116 | |
SPDR S&P 500 Growth ETF (SPYG) | 125 | |
SPDR S&P 500 Value ETF (SPYV) | 129 |
SPDR Dow Jones Mid Cap ETF (EMM) | 134 | |
SPDR S&P 400 Mid Cap Growth ETF (MDYG) | 140 | |
SPDR S&P 400 Mid Cap Value ETF (MDYV) | 144 | |
SPDR S&P 600 Small Cap ETF (SLY) | 148 | |
SPDR S&P 600 Small Cap Growth ETF (SLYG) | 155 | |
SPDR S&P 600 Small Cap Value ETF (SLYV) | 160 | |
SPDR Global Dow ETF (DGT) | 166 | |
SPDR Dow Jones REIT ETF (RWR) | 169 | |
SPDR S&P Bank ETF (KBE) | 171 | |
SPDR S&P Capital Markets ETF (KCE) | 172 | |
SPDR S&P Insurance ETF (KIE) | 173 | |
SPDR S&P Mortgage Finance ETF (KME) | 174 | |
SPDR S&P Regional Banking ETF (KRE) | 175 | |
SPDR Morgan Stanley Technology ETF (MTK) | 176 | |
SPDR S&P Dividend ETF (SDY) | 177 | |
SPDR S&P Aerospace & Defense ETF (XAR) | 179 | |
SPDR S&P Biotech ETF (XBI) | 180 | |
SPDR S&P Health Care Equipment ETF (XHE) | 181 | |
SPDR S&P Health Care Services ETF (XHS) | 182 | |
SPDR S&P Homebuilders ETF (XHB) | 183 | |
SPDR S&P Metals & Mining ETF (XME) | 184 | |
SPDR S&P Oil & Gas Equipment & Services ETF (XES) | 185 | |
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) | 186 | |
SPDR S&P Pharmaceuticals ETF (XPH) | 187 | |
SPDR S&P Retail ETF (XRT) | 188 | |
SPDR S&P Semiconductor ETF (XSD) | 190 | |
SPDR S&P Software & Services ETF (XSW) | 191 | |
SPDR S&P Telecom ETF (XTL) | 193 | |
SPDR S&P Transportation ETF (XTN) | 194 | |
SPDR S&P 1500 Momentum Tilt ETF (MMTM) | 195 | |
SPDR S&P 1500 Value Tilt ETF (VLU) | 209 | |
SPDR Wells Fargo® Preferred Stock ETF (PSK) | 224 | |
Financial Statements | 228 | |
Financial Highlights | 258 | |
Notes to Financial Statements | 289 | |
Other Information | 306 |
SPDR Dow Jones Total Market ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Dow Jones Total Market ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
DOW JONES U.S. | DOW JONES U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | TOTAL STOCK MARKET | NET ASSET | MARKET | TOTAL STOCK MARKET | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 6.10% | 6.10% | 6.38% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 15.94% | 16.01% | 16.38% | 15.94% | 16.01% | 16.38% | ||||||||||||||||||
THREE YEARS | 37.00% | 37.08% | 38.22% | 11.06% | 11.08% | 11.39% | ||||||||||||||||||
FIVE YEARS | 10.91% | 10.50% | 11.54% | 2.09% | 2.02% | 2.21% | ||||||||||||||||||
TEN YEARS (1) | 100.15% | 100.16% | 114.82% | 7.19% | 7.19% | 7.95% | ||||||||||||||||||
(1) | Effective June 14, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Total Stock Market Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to June 14, 2005. |
1
SPDR Dow Jones Total Market ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective June 14, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Total Stock Market Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to June 14, 2005. |
2
SPDR Dow Jones Total Market ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
INTERNATIONAL | ||||||||||
DESCRIPTION | APPLE, INC. | EXXON MOBIL CORP. | BUSINESS MACHINES CORP. | GENERAL ELECTRIC CO. | CHEVRON CORP. | |||||
MARKET VALUE | $13,253,258 | 11,593,546 | 6,277,668 | 6,203,154 | 6,047,621 | |||||
% OF NET ASSETS | 3.1 | 2.7 | 1.5 | 1.4 | 1.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 8.3 | % | ||||
Pharmaceuticals | 5.3 | |||||
Computers & Peripherals | 4.2 | |||||
Insurance | 4.0 | |||||
Media | 4.0 | |||||
Software | 3.6 | |||||
IT Services | 3.4 | |||||
Commercial Banks | 3.2 | |||||
Real Estate Investment Trusts | 3.2 | |||||
Diversified Financial Services | 2.9 | |||||
Specialty Retail | 2.7 | |||||
Machinery | 2.5 | |||||
Diversified Telecommunication Services | 2.4 | |||||
Health Care Providers & Services | 2.3 | |||||
Chemicals | 2.2 | |||||
Food & Staples Retailing | 2.2 | |||||
Semiconductors & Semiconductor Equipment | 2.2 | |||||
Biotechnology | 2.2 | |||||
Aerospace & Defense | 2.2 | |||||
Hotels, Restaurants & Leisure | 2.1 | |||||
Industrial Conglomerates | 2.0 | |||||
Beverages | 2.0 | |||||
Household Products | 2.0 | |||||
Communications Equipment | 2.0 | |||||
Internet Software & Services | 1.9 | |||||
Energy Equipment & Services | 1.9 | |||||
Capital Markets | 1.8 | |||||
Health Care Equipment & Supplies | 1.8 | |||||
Electric Utilities | 1.7 | |||||
Tobacco | 1.7 | |||||
Food Products | 1.6 | |||||
Road & Rail | 1.0 | |||||
Internet & Catalog Retail | 0.9 | |||||
Multi-Utilities | 0.9 | |||||
Multiline Retail | 0.9 | |||||
Metals & Mining | 0.8 | |||||
Electronic Equipment, Instruments & Components | 0.8 | |||||
Electrical Equipment | 0.8 | |||||
Consumer Finance | 0.8 | |||||
Air Freight & Logistics | 0.7 | |||||
Life Sciences Tools & Services | 0.6 | |||||
Household Durables | 0.6 | |||||
Textiles, Apparel & Luxury Goods | 0.6 | |||||
Commercial Services & Supplies | 0.6 | |||||
Automobiles | 0.4 | |||||
Wireless Telecommunication Services | 0.4 | |||||
Paper & Forest Products | 0.3 | |||||
Auto Components | 0.3 | |||||
Construction & Engineering | 0.3 | |||||
Professional Services | 0.2 | |||||
Trading Companies & Distributors | 0.2 | |||||
Building Products | 0.2 | |||||
Personal Products | 0.2 | |||||
Airlines | 0.2 | |||||
Leisure Equipment & Products | 0.2 | |||||
Thrifts & Mortgage Finance | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Independent Power Producers & Energy Traders | 0.2 | |||||
Distributors | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Office Electronics | 0.1 | |||||
Construction Materials | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Water Utilities | 0.1 | |||||
Gas Utilities | 0.0 | ** | ||||
Marine | 0.0 | ** | ||||
Short Term Investments | 3.5 | |||||
Other Assets & Liabilities | (3.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount represent less than 0.05% of net assets. |
3
SPDR Dow Jones Large Cap ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Dow Jones Large Cap ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
DOW JONES U.S. | DOW JONES U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | LARGE-CAP TOTAL | NET ASSET | MARKET | LARGE-CAP TOTAL | |||||||||||||||||||
VALUE | VALUE | STOCK MARKET INDEX | VALUE | VALUE | STOCK MARKET INDEX | |||||||||||||||||||
SIX MONTHS | 6.00% | 6.06% | 6.13% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 15.91% | 15.98% | 16.12% | 15.91% | 15.98% | 16.12% | ||||||||||||||||||
THREE YEARS | 36.41% | 36.56% | 37.08% | 10.90% | 10.95% | 11.08% | ||||||||||||||||||
FIVE YEARS | 9.23% | 9.47% | 9.56% | 1.78% | 1.83% | 1.84% | ||||||||||||||||||
SINCE INCEPTION (1) | 37.58% | 37.65% | 38.57% | 4.57% | 4.57% | 4.67% | ||||||||||||||||||
(1) | For the period November 8, 2005 to December 31, 2012. |
4
SPDR Dow Jones Large Cap ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
5
SPDR Dow Jones Large Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
INTERNATIONAL | ||||||||||
DESCRIPTION | APPLE, INC. | EXXON MOBIL CORP. | GENERAL ELECTRIC CO. | CHEVRON CORP. | BUSINESS MACHINES CORP. | |||||
MARKET VALUE | $1,559,113 | 1,229,529 | 681,776 | 662,682 | 632,690 | |||||
% OF NET ASSETS | 3.6 | 2.8 | 1.6 | 1.5 | 1.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 8.7 | % | ||||
Pharmaceuticals | 5.7 | |||||
Computers & Peripherals | 4.6 | |||||
Insurance | 4.2 | |||||
IT Services | 3.7 | |||||
Media | 3.6 | |||||
Software | 3.6 | |||||
Diversified Financial Services | 3.3 | |||||
Real Estate Investment Trusts | 2.8 | |||||
Commercial Banks | 2.6 | |||||
Chemicals | 2.6 | |||||
Diversified Telecommunication Services | 2.5 | |||||
Internet Software & Services | 2.3 | |||||
Specialty Retail | 2.3 | |||||
Aerospace & Defense | 2.3 | |||||
Industrial Conglomerates | 2.2 | |||||
Beverages | 2.2 | |||||
Food & Staples Retailing | 2.2 | |||||
Household Products | 2.0 | |||||
Energy Equipment & Services | 2.0 | |||||
Capital Markets | 2.0 | |||||
Semiconductors & Semiconductor Equipment | 2.0 | |||||
Machinery | 1.9 | |||||
Hotels, Restaurants & Leisure | 1.9 | |||||
Electric Utilities | 1.9 | |||||
Health Care Providers & Services | 1.9 | |||||
Communications Equipment | 1.8 | |||||
Food Products | 1.8 | |||||
Health Care Equipment & Supplies | 1.8 | |||||
Biotechnology | 1.7 | |||||
Tobacco | 1.7 | |||||
Multi-Utilities | 1.2 | |||||
Internet & Catalog Retail | 1.1 | |||||
Road & Rail | 0.8 | |||||
Consumer Finance | 0.8 | |||||
Multiline Retail | 0.8 | |||||
Metals & Mining | 0.7 | |||||
Electrical Equipment | 0.7 | |||||
Air Freight & Logistics | 0.7 | |||||
Textiles, Apparel & Luxury Goods | 0.7 | |||||
Automobiles | 0.6 | |||||
Electronic Equipment, Instruments & Components | 0.6 | |||||
Commercial Services & Supplies | 0.6 | |||||
Life Sciences Tools & Services | 0.5 | |||||
Household Durables | 0.5 | |||||
Wireless Telecommunication Services | 0.4 | |||||
Auto Components | 0.3 | |||||
Professional Services | 0.3 | |||||
Paper & Forest Products | 0.3 | |||||
Containers & Packaging | 0.2 | |||||
Construction & Engineering | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Trading Companies & Distributors | 0.2 | |||||
Airlines | 0.2 | |||||
Personal Products | 0.2 | |||||
Leisure Equipment & Products | 0.2 | |||||
Independent Power Producers & Energy Traders | 0.1 | |||||
Distributors | 0.1 | |||||
Building Products | 0.1 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Construction Materials | 0.1 | |||||
Water Utilities | 0.1 | |||||
Office Electronics | 0.1 | |||||
Short Term Investments | 7.3 | |||||
Other Assets & Liabilities | (7.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
6
SPDR S&P 500 Growth ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P 500 Growth ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P 500 | NET ASSET | MARKET | S&P 500 | |||||||||||||||||||
VALUE | VALUE | GROWTH INDEX | VALUE | VALUE | GROWTH INDEX | |||||||||||||||||||
SIX MONTHS | 4.09% | 3.95% | 4.22% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 14.33% | 14.33% | 14.61% | 14.33% | 14.33% | 14.61% | ||||||||||||||||||
THREE YEARS (1) | 38.90% | 38.90% | 38.00% | 11.57% | 11.57% | 11.33% | ||||||||||||||||||
FIVE YEARS (1) | 19.06% | 18.62% | 18.16% | 3.55% | 3.47% | 3.39% | ||||||||||||||||||
TEN YEARS (1) | 100.73% | 99.87% | 96.79% | 7.22% | 7.17% | 7.00% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P 500 Growth Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
7
SPDR S&P 500 Growth ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P 500 Growth Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
8
SPDR S&P 500 Growth ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
GOOGLE, INC. | PHILIP MORRIS | |||||||||
DESCRIPTION | APPLE, INC. | EXXON MOBIL CORP. | (CLASS A) | THE COCA-COLA CO. | INTERNATIONAL, INC. | |||||
MARKET VALUE | $16,473,292 | 6,999,558 | 6,209,116 | 4,593,455 | 4,588,072 | |||||
% OF NET ASSETS | 7.6 | 3.3 | 2.9 | 2.1 | 2.1 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Computers & Peripherals | 8.7 | % | ||||
Pharmaceuticals | 8.1 | |||||
Media | 6.0 | |||||
Oil, Gas & Consumable Fuels | 5.3 | |||||
IT Services | 5.2 | |||||
Software | 5.0 | |||||
Internet Software & Services | 4.3 | |||||
Beverages | 4.3 | |||||
Specialty Retail | 3.7 | |||||
Biotechnology | 3.2 | |||||
Semiconductors & Semiconductor Equipment | 3.1 | |||||
Chemicals | 3.1 | |||||
Tobacco | 3.0 | |||||
Communications Equipment | 2.6 | |||||
Real Estate Investment Trusts | 2.5 | |||||
Health Care Equipment & Supplies | 2.2 | |||||
Household Products | 2.2 | |||||
Diversified Financial Services | 2.1 | |||||
Hotels, Restaurants & Leisure | 2.1 | |||||
Internet & Catalog Retail | 2.1 | |||||
Machinery | 1.8 | |||||
Aerospace & Defense | 1.6 | |||||
Commercial Banks | 1.4 | |||||
Capital Markets | 1.3 | |||||
Consumer Finance | 1.3 | |||||
Energy Equipment & Services | 1.2 | |||||
Textiles, Apparel & Luxury Goods | 1.0 | |||||
Food Products | 0.9 | |||||
Road & Rail | 0.9 | |||||
Diversified Telecommunication Services | 0.9 | |||||
Industrial Conglomerates | 0.8 | |||||
Electrical Equipment | 0.7 | |||||
Life Sciences Tools & Services | 0.7 | |||||
Wireless Telecommunication Services | 0.6 | |||||
Air Freight & Logistics | 0.5 | |||||
Food & Staples Retailing | 0.5 | |||||
Health Care Providers & Services | 0.5 | |||||
Insurance | 0.5 | |||||
Multiline Retail | 0.5 | |||||
Household Durables | 0.4 | |||||
Commercial Services & Supplies | 0.3 | |||||
Trading Companies & Distributors | 0.3 | |||||
Auto Components | 0.3 | |||||
Electronic Equipment, Instruments & Components | 0.3 | |||||
Leisure Equipment & Products | 0.2 | |||||
Health Care Technology | 0.2 | |||||
Professional Services | 0.2 | |||||
Containers & Packaging | 0.1 | |||||
Personal Products | 0.1 | |||||
Multi-Utilities | 0.1 | |||||
Airlines | 0.1 | |||||
Automobiles | 0.1 | |||||
Metals & Mining | 0.1 | |||||
Building Products | 0.1 | |||||
Construction & Engineering | 0.1 | |||||
Construction Materials | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Diversified Consumer Services | 0.0 | ** | ||||
Short Term Investments | 1.8 | |||||
Other Assets & Liabilities | (1.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount represent less than 0.05% of net assets. |
9
SPDR S&P 500 Value ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P 500 Value ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P 500 | NET ASSET | MARKET | S&P 500 | |||||||||||||||||||
VALUE | VALUE | VALUE INDEX | VALUE | VALUE | VALUE INDEX | |||||||||||||||||||
SIX MONTHS | 7.90% | 7.91% | 8.04% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.38% | 17.40% | 17.68% | 17.38% | 17.40% | 17.68% | ||||||||||||||||||
THREE YEARS (1) | 34.54% | 34.56% | 34.80% | 10.40% | 10.40% | 10.46% | ||||||||||||||||||
FIVE YEARS (1) | 0.12% | 0.26% | −0.73% | 0.02% | 0.05% | −0.15% | ||||||||||||||||||
TEN YEARS (1) | 85.35% | 85.52% | 99.39% | 6.37% | 6.38% | 7.14% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund has changed its benchmark index to the S&P 500 Value Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
10
SPDR S&P 500 Value ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P 500 Value Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
11
SPDR S&P 500 Value ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
GENERAL | ||||||||||
DESCRIPTION | ELECTRIC CO. | CHEVRON CORP. | AT&T, INC. | EXXON MOBIL CORP. | WELLS FARGO & CO. | |||||
MARKET VALUE | $4,079,553 | 3,928,294 | 3,548,787 | 3,367,228 | 3,109,936 | |||||
% OF NET ASSETS | 3.6 | 3.4 | 3.1 | 2.9 | 2.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 13.1 | % | ||||
Insurance | 7.7 | |||||
Diversified Financial Services | 5.1 | |||||
Diversified Telecommunication Services | 4.7 | |||||
Food & Staples Retailing | 4.3 | |||||
Commercial Banks | 4.3 | |||||
Industrial Conglomerates | 4.2 | |||||
Electric Utilities | 4.1 | |||||
Pharmaceuticals | 4.1 | |||||
Health Care Providers & Services | 3.4 | |||||
Aerospace & Defense | 3.2 | |||||
Capital Markets | 2.7 | |||||
Food Products | 2.5 | |||||
Energy Equipment & Services | 2.5 | |||||
Multi-Utilities | 2.4 | |||||
IT Services | 2.3 | |||||
Household Products | 2.1 | |||||
Machinery | 2.0 | |||||
Chemicals | 2.0 | |||||
Software | 1.9 | |||||
Real Estate Investment Trusts | 1.9 | |||||
Hotels, Restaurants & Leisure | 1.5 | |||||
Metals & Mining | 1.4 | |||||
Communications Equipment | 1.3 | |||||
Health Care Equipment & Supplies | 1.3 | |||||
Multiline Retail | 1.1 | |||||
Computers & Peripherals | 1.1 | |||||
Air Freight & Logistics | 1.0 | |||||
Media | 0.9 | |||||
Automobiles | 0.9 | |||||
Commercial Services & Supplies | 0.8 | |||||
Semiconductors & Semiconductor Equipment | 0.8 | |||||
Road & Rail | 0.7 | |||||
Electrical Equipment | 0.6 | |||||
Electronic Equipment, Instruments & Components | 0.6 | |||||
Tobacco | 0.5 | |||||
Consumer Finance | 0.5 | |||||
Specialty Retail | 0.5 | |||||
Auto Components | 0.4 | |||||
Paper & Forest Products | 0.4 | |||||
Beverages | 0.3 | |||||
Household Durables | 0.3 | |||||
Textiles, Apparel & Luxury Goods | 0.2 | |||||
Construction & Engineering | 0.2 | |||||
Independent Power Producers & Energy Traders | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Personal Products | 0.2 | |||||
Life Sciences Tools & Services | 0.2 | |||||
Distributors | 0.2 | |||||
Office Electronics | 0.1 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Trading Companies & Distributors | 0.1 | |||||
Leisure Equipment & Products | 0.1 | |||||
Professional Services | 0.1 | |||||
Real Estate Management & Development | 0.0 | ** | ||||
Construction Materials | 0.0 | ** | ||||
Internet & Catalog Retail | 0.0 | ** | ||||
Wireless Telecommunication Services | 0.0 | ** | ||||
Short Term Investments | 3.1 | |||||
Other Assets & Liabilities | (2.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount represent less than 0.05% of net assets. |
12
SPDR Dow Jones Mid Cap ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Dow Jones Mid Cap ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
DOW JONES U.S. | DOW JONES U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | MID-CAP TOTAL STOCK | NET ASSET | MARKET | MID-CAP TOTAL STOCK | |||||||||||||||||||
VALUE | VALUE | MARKET INDEX | VALUE | VALUE | MARKET INDEX | |||||||||||||||||||
SIX MONTHS | 9.37% | 9.39% | 9.56% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.28% | 17.28% | 17.56% | 17.28% | 17.28% | 17.56% | ||||||||||||||||||
THREE YEARS | 45.40% | 45.39% | 46.42% | 13.29% | 13.29% | 13.55% | ||||||||||||||||||
FIVE YEARS | 28.46% | 28.11% | 29.40% | 5.14% | 5.08% | 5.29% | ||||||||||||||||||
SINCE INCEPTION (1) | 60.36% | 60.30% | 61.93% | 6.83% | 6.82% | 6.98% | ||||||||||||||||||
(1) | For the period November 8, 2005 to December 31, 2012. |
13
SPDR Dow Jones Mid Cap ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
14
SPDR Dow Jones Mid Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
SBA COMMUNICATIONS | UNITED CONTINENTAL | |||||||||
DESCRIPTION | PENTAIR LTD. | CORP. (CLASS A) | PVH CORP. | WHIRLPOOL CORP. | HOLDINGS, INC. | |||||
MARKET VALUE | $457,685 | 398,919 | 351,902 | 346,764 | 345,182 | |||||
% OF NET ASSETS | 0.6 | 0.5 | 0.5 | 0.5 | 0.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 8.6 | % | ||||
Insurance | 5.9 | |||||
Machinery | 5.5 | |||||
Specialty Retail | 4.0 | |||||
Household Durables | 3.7 | |||||
Oil, Gas & Consumable Fuels | 3.5 | |||||
Chemicals | 3.3 | |||||
Software | 3.1 | |||||
IT Services | 2.9 | |||||
Energy Equipment & Services | 2.8 | |||||
Commercial Banks | 2.8 | |||||
Electronic Equipment, Instruments & Components | 2.5 | |||||
Health Care Providers & Services | 2.5 | |||||
Multi-Utilities | 2.3 | |||||
Electric Utilities | 2.2 | |||||
Commercial Services & Supplies | 2.1 | |||||
Health Care Equipment & Supplies | 2.0 | |||||
Semiconductors & Semiconductor Equipment | 1.9 | |||||
Capital Markets | 1.8 | |||||
Metals & Mining | 1.8 | |||||
Food Products | 1.7 | |||||
Containers & Packaging | 1.7 | |||||
Biotechnology | 1.7 | |||||
Hotels, Restaurants & Leisure | 1.6 | |||||
Construction & Engineering | 1.6 | |||||
Media | 1.5 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Gas Utilities | 1.4 | |||||
Life Sciences Tools & Services | 1.2 | |||||
Professional Services | 1.2 | |||||
Auto Components | 1.1 | |||||
Communications Equipment | 1.1 | |||||
Building Products | 1.1 | |||||
Internet & Catalog Retail | 1.0 | |||||
Aerospace & Defense | 1.0 | |||||
Wireless Telecommunication Services | 0.9 | |||||
Road & Rail | 0.9 | |||||
Thrifts & Mortgage Finance | 0.9 | |||||
Electrical Equipment | 0.8 | |||||
Diversified Consumer Services | 0.8 | |||||
Internet Software & Services | 0.8 | |||||
Trading Companies & Distributors | 0.7 | |||||
Diversified Telecommunication Services | 0.7 | |||||
Real Estate Management & Development | 0.7 | |||||
Construction Materials | 0.6 | |||||
Water Utilities | 0.6 | |||||
Leisure Equipment & Products | 0.6 | |||||
Diversified Financial Services | 0.5 | |||||
Food & Staples Retailing | 0.5 | |||||
Paper & Forest Products | 0.5 | |||||
Airlines | 0.5 | |||||
Independent Power Producers & Energy Traders | 0.4 | |||||
Pharmaceuticals | 0.4 | |||||
Distributors | 0.4 | |||||
Computers & Peripherals | 0.4 | |||||
Beverages | 0.3 | |||||
Household Products | 0.3 | |||||
Industrial Conglomerates | 0.3 | |||||
Multiline Retail | 0.2 | |||||
Marine | 0.2 | |||||
Automobiles | 0.1 | |||||
Office Electronics | 0.1 | |||||
Personal Products | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Short Term Investments | 9.7 | |||||
Other Assets & Liabilities | (9.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
15
SPDR S&P 400 Mid Cap Growth ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P 400 Mid Cap Growth ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P MIDCAP 400 | NET ASSET | MARKET | S&P MIDCAP 400 | |||||||||||||||||||
VALUE | VALUE | GROWTH INDEX | VALUE | VALUE | GROWTH INDEX | |||||||||||||||||||
SIX MONTHS | 8.72% | 8.86% | 8.98% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.05% | 17.16% | 17.27% | 17.05% | 17.16% | 17.27% | ||||||||||||||||||
THREE YEARS (1) | 46.71% | 46.77% | 51.67% | 13.63% | 13.64% | 14.89% | ||||||||||||||||||
FIVE YEARS (1) | 33.23% | 32.89% | 33.50% | 5.91% | 5.85% | 5.95% | ||||||||||||||||||
SINCE INCEPTION (1) (2) | 71.89% | 71.94% | 66.07% | 7.87% | 7.88% | 7.36% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund has changed its benchmark index to the S&P MidCap 400 Growth Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. | |
(2) | For the period November 8, 2005 to December 31, 2012. |
16
SPDR S&P 400 Mid Cap Growth ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P MidCap 400 Growth Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
17
SPDR S&P 400 Mid Cap Growth ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
REGENERON | HOLLYFRONTIER | VERTEX | ||||||||
DESCRIPTION | PHARMACEUTICALS, INC. | EQUINIX, INC. | CORP. | AMETEK, INC. | PHARMACEUTICALS, INC. | |||||
MARKET VALUE | $1,424,329 | 1,110,387 | 1,047,375 | 1,013,413 | 1,010,292 | |||||
% OF NET ASSETS | 2.1 | 1.6 | 1.5 | 1.5 | 1.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 7.5 | % | ||||
Specialty Retail | 6.1 | |||||
Machinery | 5.3 | |||||
Software | 5.3 | |||||
IT Services | 4.7 | |||||
Biotechnology | 4.0 | |||||
Health Care Equipment & Supplies | 3.5 | |||||
Textiles, Apparel & Luxury Goods | 3.4 | |||||
Capital Markets | 3.4 | |||||
Internet Software & Services | 3.4 | |||||
Household Durables | 3.3 | |||||
Oil, Gas & Consumable Fuels | 3.3 | |||||
Chemicals | 3.0 | |||||
Electronic Equipment, Instruments & Components | 2.9 | |||||
Semiconductors & Semiconductor Equipment | 2.5 | |||||
Electrical Equipment | 2.5 | |||||
Road & Rail | 2.4 | |||||
Commercial Services & Supplies | 2.3 | |||||
Food Products | 2.2 | |||||
Commercial Banks | 2.2 | |||||
Insurance | 2.0 | |||||
Energy Equipment & Services | 1.8 | |||||
Hotels, Restaurants & Leisure | 1.8 | |||||
Metals & Mining | 1.5 | |||||
Health Care Providers & Services | 1.4 | |||||
Trading Companies & Distributors | 1.3 | |||||
Media | 1.2 | |||||
Communications Equipment | 1.2 | |||||
Building Products | 1.2 | |||||
Aerospace & Defense | 1.2 | |||||
Distributors | 1.0 | |||||
Leisure Equipment & Products | 0.9 | |||||
Life Sciences Tools & Services | 0.8 | |||||
Containers & Packaging | 0.8 | |||||
Diversified Consumer Services | 0.7 | |||||
Household Products | 0.7 | |||||
Diversified Telecommunication Services | 0.6 | |||||
Diversified Financial Services | 0.6 | |||||
Real Estate Management & Development | 0.6 | |||||
Construction & Engineering | 0.5 | |||||
Airlines | 0.5 | |||||
Auto Components | 0.4 | |||||
Computers & Peripherals | 0.4 | |||||
Paper & Forest Products | 0.4 | |||||
Industrial Conglomerates | 0.4 | |||||
Construction Materials | 0.3 | |||||
Internet & Catalog Retail | 0.3 | |||||
Water Utilities | 0.3 | |||||
Marine | 0.3 | |||||
Thrifts & Mortgage Finance | 0.3 | |||||
Automobiles | 0.3 | |||||
Pharmaceuticals | 0.3 | |||||
Food & Staples Retailing | 0.2 | |||||
Office Electronics | 0.2 | |||||
Professional Services | 0.1 | |||||
Electric Utilities | 0.1 | |||||
Short Term Investments | 7.0 | |||||
Other Assets & Liabilities | (6.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
18
SPDR S&P 400 Mid Cap Value ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P 400 Mid Cap Value ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P MIDCAP 400 | NET ASSET | MARKET | S&P MIDCAP 400 | |||||||||||||||||||
VALUE | VALUE | VALUE INDEX | VALUE | VALUE | VALUE INDEX | |||||||||||||||||||
SIX MONTHS | 9.18% | 9.36% | 9.53% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 18.29% | 18.42% | 18.53% | 18.29% | 18.42% | 18.53% | ||||||||||||||||||
THREE YEARS (1) | 40.21% | 40.26% | 41.99% | 11.92% | 11.94% | 12.39% | ||||||||||||||||||
FIVE YEARS (1) | 20.63% | 20.37% | 23.67% | 3.82% | 3.78% | 4.34% | ||||||||||||||||||
SINCE INCEPTION (1) (2) | 43.12% | 43.14% | 49.92% | 5.14% | 5.15% | 5.83% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P MidCap 400 Value Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. | |
(2) | For the period November 8, 2005 to December 31, 2012. |
19
SPDR S&P 400 Mid Cap Value ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P MidCap 400 Value Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
20
SPDR S&P 400 Mid Cap Value ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
SL GREEN | NEW YORK | EVEREST RE | ENERGIZER | |||||||
DESCRIPTION | REALTY CORP. | COMMUNITY BANCORP, INC. | GROUP, LTD. | OGE ENERGY CORP. | HOLDINGS, INC. | |||||
MARKET VALUE | $284,831 | 236,861 | 234,414 | 227,436 | 204,989 | |||||
% OF NET ASSETS | 1.2 | 1.0 | 1.0 | 0.9 | 0.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 11.4 | % | ||||
Insurance | 7.3 | |||||
Commercial Banks | 5.5 | |||||
Machinery | 5.5 | |||||
Health Care Providers & Services | 4.8 | |||||
Electric Utilities | 4.2 | |||||
Energy Equipment & Services | 3.8 | |||||
Oil, Gas & Consumable Fuels | 3.3 | |||||
Chemicals | 3.2 | |||||
Software | 3.1 | |||||
Gas Utilities | 2.9 | |||||
Electronic Equipment, Instruments & Components | 2.4 | |||||
Containers & Packaging | 2.3 | |||||
Food Products | 2.3 | |||||
Multi-Utilities | 2.2 | |||||
Specialty Retail | 2.1 | |||||
IT Services | 2.0 | |||||
Metals & Mining | 2.0 | |||||
Construction & Engineering | 1.9 | |||||
Health Care Equipment & Supplies | 1.7 | |||||
Aerospace & Defense | 1.6 | |||||
Commercial Services & Supplies | 1.6 | |||||
Capital Markets | 1.5 | |||||
Professional Services | 1.5 | |||||
Road & Rail | 1.4 | |||||
Household Products | 1.4 | |||||
Semiconductors & Semiconductor Equipment | 1.3 | |||||
Media | 1.2 | |||||
Thrifts & Mortgage Finance | 1.1 | |||||
Electrical Equipment | 1.0 | |||||
Hotels, Restaurants & Leisure | 1.0 | |||||
Computers & Peripherals | 1.0 | |||||
Household Durables | 1.0 | |||||
Diversified Consumer Services | 0.8 | |||||
Communications Equipment | 0.8 | |||||
Life Sciences Tools & Services | 0.8 | |||||
Trading Companies & Distributors | 0.7 | |||||
Food & Staples Retailing | 0.6 | |||||
Paper & Forest Products | 0.5 | |||||
Marine | 0.4 | |||||
Diversified Financial Services | 0.4 | |||||
Wireless Telecommunication Services | 0.4 | |||||
Construction Materials | 0.4 | |||||
Internet Software & Services | 0.4 | |||||
Water Utilities | 0.3 | |||||
Health Care Technology | 0.3 | |||||
Industrial Conglomerates | 0.3 | |||||
Textiles, Apparel & Luxury Goods | 0.2 | |||||
Pharmaceuticals | 0.2 | |||||
Air Freight & Logistics | 0.2 | |||||
Airlines | 0.2 | |||||
Real Estate Management & Development | 0.2 | |||||
Tobacco | 0.2 | |||||
Multiline Retail | 0.2 | |||||
Office Electronics | 0.2 | |||||
Short Term Investments | 18.5 | |||||
Other Assets & Liabilities | (17.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
21
SPDR S&P 600 Small Cap ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P 600 Small Cap ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P SMALLCAP | NET ASSET | MARKET | S&P SMALLCAP | |||||||||||||||||||
VALUE | VALUE | 600 INDEX | VALUE | VALUE | 600 INDEX | |||||||||||||||||||
SIX MONTHS | 7.64% | 7.58% | 7.73% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 16.14% | 16.24% | 16.33% | 16.14% | 16.24% | 16.33% | ||||||||||||||||||
THREE YEARS (1) | 49.30% | 49.51% | 48.42% | 14.29% | 14.35% | 14.06% | ||||||||||||||||||
FIVE YEARS (1) | 31.83% | 31.52% | 28.46% | 5.68% | 5.63% | 5.13% | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 61.91% | 61.94% | 49.48% | 6.97% | 6.98% | 5.79% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P SmallCap 600 Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. | |
(2) | For the period November 8, 2005 to December 31, 2012. |
22
SPDR S&P 600 Small Cap ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P SmallCap 600 Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
23
SPDR S&P 600 Small Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2011
EXTRA SPACE | TANGER FACTORY | COMMVAULT | ||||||||
DESCRIPTION | STORAGE, INC. | KILROY REALTY CORP. | OUTLET CENTERS, INC. | SYSTEMS, INC. | CYMER, INC. | |||||
MARKET VALUE | $1,657,637 | 1,560,510 | 1,425,285 | 1,312,430 | 1,246,849 | |||||
% OF NET ASSETS | 0.7 | 0.7 | 0.6 | 0.6 | 0.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 8.7 | % | ||||
Commercial Banks | 6.1 | |||||
Semiconductors & Semiconductor Equipment | 4.6 | |||||
Specialty Retail | 4.6 | |||||
Electronic Equipment, Instruments & Components | 4.2 | |||||
Machinery | 3.8 | |||||
Health Care Equipment & Supplies | 3.5 | |||||
Health Care Providers & Services | 3.4 | |||||
Software | 3.3 | |||||
Hotels, Restaurants & Leisure | 3.0 | |||||
Chemicals | 2.7 | |||||
Commercial Services & Supplies | 2.4 | |||||
Food Products | 2.4 | |||||
Energy Equipment & Services | 2.3 | |||||
Textiles, Apparel & Luxury Goods | 2.3 | |||||
Insurance | 2.2 | |||||
Internet Software & Services | 2.0 | |||||
Aerospace & Defense | 2.0 | |||||
Electrical Equipment | 1.8 | |||||
Oil, Gas & Consumable Fuels | 1.8 | |||||
Gas Utilities | 1.8 | |||||
IT Services | 1.7 | |||||
Metals & Mining | 1.7 | |||||
Communications Equipment | 1.7 | |||||
Household Durables | 1.6 | |||||
Pharmaceuticals | 1.5 | |||||
Building Products | 1.5 | |||||
Capital Markets | 1.4 | |||||
Consumer Finance | 1.3 | |||||
Paper & Forest Products | 1.2 | |||||
Electric Utilities | 1.2 | |||||
Professional Services | 1.1 | |||||
Computers & Peripherals | 1.1 | |||||
Biotechnology | 1.0 | |||||
Thrifts & Mortgage Finance | 1.0 | |||||
Diversified Consumer Services | 1.0 | |||||
Leisure Equipment & Products | 0.9 | |||||
Construction & Engineering | 0.9 | |||||
Construction Materials | 0.8 | |||||
Road & Rail | 0.8 | |||||
Multi-Utilities | 0.7 | |||||
Media | 0.7 | |||||
Food & Staples Retailing | 0.6 | |||||
Life Sciences Tools & Services | 0.6 | |||||
Trading Companies & Distributors | 0.5 | |||||
Diversified Telecommunication Services | 0.4 | |||||
Air Freight & Logistics | 0.4 | |||||
Distributors | 0.4 | |||||
Health Care Technology | 0.4 | |||||
Diversified Financial Services | 0.4 | |||||
Airlines | 0.3 | |||||
Personal Products | 0.3 | |||||
Auto Components | 0.3 | |||||
Beverages | 0.2 | |||||
Household Products | 0.2 | |||||
Internet & Catalog Retail | 0.2 | |||||
Water Utilities | 0.2 | |||||
Multiline Retail | 0.1 | |||||
Industrial Conglomerates | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Automobiles | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Wireless Telecommunication Services | 0.1 | |||||
Tobacco | 0.1 | |||||
Short Term Investments | 8.3 | |||||
Other Assets & Liabilities | (8.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
24
SPDR S&P 600 Small Cap Growth ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P 600 Small Cap Growth ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P SMALLCAP 600 | NET ASSET | MARKET | S&P SMALLCAP 600 | |||||||||||||||||||
VALUE | VALUE | GROWTH INDEX | VALUE | VALUE | GROWTH INDEX | |||||||||||||||||||
SIX MONTHS | 5.36% | 5.38% | 5.43% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 14.39% | 14.51% | 14.56% | 14.39% | 14.51% | 14.56% | ||||||||||||||||||
THREE YEARS (1) | 54.17% | 54.29% | 51.94% | 15.52% | 15.55% | 14.96% | ||||||||||||||||||
FIVE YEARS (1) | 33.58% | 33.19% | 30.77% | 5.96% | 5.90% | 5.51% | ||||||||||||||||||
TEN YEARS (1) | 202.91% | 202.60% | 181.03% | 11.72% | 11.71% | 10.88% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P SmallCap 600 Growth Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
25
SPDR S&P 600 Small Cap Growth ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT(BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P 600 Growth Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
26
SPDR S&P 600 Small Cap Growth ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
EXTRA SPACE | COMMVAULT | POST | EAGLE | |||||||
DESCRIPTION | STORAGE, INC. | SYSTEMS, INC. | CYMER, INC. | PROPERTIES, INC. | MATERIALS, INC. | |||||
MARKET VALUE | $2,357,053 | 1,855,541 | 1,769,806 | 1,720,778 | 1,720,485 | |||||
% OF NET ASSETS | 1.4 | 1.1 | 1.1 | 1.1 | 1.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 8.7 | % | ||||
Semiconductors & Semiconductor Equipment | 6.6 | |||||
Commercial Banks | 6.2 | |||||
Health Care Equipment & Supplies | 5.2 | |||||
Software | 4.8 | |||||
Electronic Equipment, Instruments & Components | 3.8 | |||||
Specialty Retail | 3.7 | |||||
Machinery | 3.4 | |||||
Internet Software & Services | 3.1 | |||||
Pharmaceuticals | 2.8 | |||||
Hotels, Restaurants & Leisure | 2.8 | |||||
Health Care Providers & Services | 2.8 | |||||
Chemicals | 2.6 | |||||
Textiles, Apparel & Luxury Goods | 2.4 | |||||
Food Products | 2.4 | |||||
Household Durables | 2.3 | |||||
Electrical Equipment | 2.2 | |||||
IT Services | 2.1 | |||||
Communications Equipment | 2.1 | |||||
Construction Materials | 1.7 | |||||
Consumer Finance | 1.7 | |||||
Commercial Services & Supplies | 1.6 | |||||
Computers & Peripherals | 1.6 | |||||
Leisure Equipment & Products | 1.6 | |||||
Oil, Gas & Consumable Fuels | 1.5 | |||||
Biotechnology | 1.5 | |||||
Metals & Mining | 1.3 | |||||
Building Products | 1.3 | |||||
Capital Markets | 1.2 | |||||
Energy Equipment & Services | 1.2 | |||||
Road & Rail | 1.2 | |||||
Diversified Consumer Services | 1.1 | |||||
Life Sciences Tools & Services | 1.1 | |||||
Distributors | 0.8 | |||||
Thrifts & Mortgage Finance | 0.7 | |||||
Health Care Technology | 0.7 | |||||
Aerospace & Defense | 0.7 | |||||
Personal Products | 0.6 | |||||
Professional Services | 0.6 | |||||
Paper & Forest Products | 0.6 | |||||
Diversified Telecommunication Services | 0.6 | |||||
Diversified Financial Services | 0.5 | |||||
Air Freight & Logistics | 0.5 | |||||
Trading Companies & Distributors | 0.5 | |||||
Beverages | 0.4 | |||||
Airlines | 0.4 | |||||
Auto Components | 0.3 | |||||
Insurance | 0.3 | |||||
Media | 0.3 | |||||
Industrial Conglomerates | 0.2 | |||||
Water Utilities | 0.2 | |||||
Automobiles | 0.2 | |||||
Multi-Utilities | 0.2 | |||||
Construction & Engineering | 0.2 | |||||
Household Products | 0.1 | |||||
Internet & Catalog Retail | 0.1 | |||||
Multiline Retail | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Short Term Investments | 7.9 | |||||
Other Assets & Liabilities | (7.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
27
SPDR S&P 600 Small Cap Value ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P 600 Small Cap Value ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P SMALLCAP 600 | NET ASSET | S&P SMALLCAP 600 | ||||||||||||||||||||
VALUE | VALUE | VALUE INDEX | VALUE | MARKET VALUE | VALUE INDEX | |||||||||||||||||||
SIX MONTHS | 10.06% | 10.02% | 10.17% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 18.00% | 18.00% | 18.21% | 18.00% | 18.00% | 18.21% | ||||||||||||||||||
THREE YEARS (1) | 44.31% | 44.31% | 45.40% | 13.01% | 13.00% | 13.29% | ||||||||||||||||||
FIVE YEARS (1) | 30.91% | 30.55% | 25.92% | 5.53% | 5.48% | 4.72% | ||||||||||||||||||
TEN YEARS (1) | 167.79% | 167.83% | 159.42% | 10.35% | 10.35% | 10.00% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund has changed its benchmark index to the S&P SmallCap 600 Value Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
28
SPDR S&P 600 Small Cap Value ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the S&P SmallCap 600 Value Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. |
29
SPDR S&P 600 Small Cap Value ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
PROASSURANCE | LASALLE HOTEL | EMCOR GROUP, | PIEDMONT NATURAL | |||||||
DESCRIPTION | CORP. | PROPERTIES | INC. | GAS CO., INC. | EPR PROPERTIES | |||||
MARKET VALUE | $1,324,766 | 1,230,907 | 1,179,370 | 1,154,775 | 1,107,009 | |||||
% OF NET ASSETS | 1.0 | 0.9 | 0.9 | 0.9 | 0.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 8.6 | % | ||||
Commercial Banks | 6.0 | |||||
Specialty Retail | 5.4 | |||||
Electronic Equipment, Instruments & Components | 4.5 | |||||
Insurance | 4.2 | |||||
Machinery | 4.1 | |||||
Health Care Providers & Services | 3.9 | |||||
Gas Utilities | 3.7 | |||||
Energy Equipment & Services | 3.4 | |||||
Aerospace & Defense | 3.3 | |||||
Hotels, Restaurants & Leisure | 3.2 | |||||
Commercial Services & Supplies | 3.2 | |||||
Chemicals | 2.7 | |||||
Semiconductors & Semiconductor Equipment | 2.5 | |||||
Electric Utilities | 2.4 | |||||
Food Products | 2.3 | |||||
Textiles, Apparel & Luxury Goods | 2.2 | |||||
Oil, Gas & Consumable Fuels | 2.1 | |||||
Metals & Mining | 2.1 | |||||
Paper & Forest Products | 1.9 | |||||
Health Care Equipment & Supplies | 1.8 | |||||
Building Products | 1.7 | |||||
Professional Services | 1.7 | |||||
Construction & Engineering | 1.6 | |||||
Capital Markets | 1.5 | |||||
Software | 1.5 | |||||
Electrical Equipment | 1.4 | |||||
IT Services | 1.4 | |||||
Food & Staples Retailing | 1.3 | |||||
Multi-Utilities | 1.3 | |||||
Communications Equipment | 1.2 | |||||
Thrifts & Mortgage Finance | 1.2 | |||||
Media | 1.0 | |||||
Consumer Finance | 1.0 | |||||
Internet Software & Services | 0.9 | |||||
Household Durables | 0.8 | |||||
Diversified Consumer Services | 0.8 | |||||
Trading Companies & Distributors | 0.6 | |||||
Computers & Peripherals | 0.6 | |||||
Biotechnology | 0.6 | |||||
Road & Rail | 0.4 | |||||
Air Freight & Logistics | 0.4 | |||||
Auto Components | 0.3 | |||||
Health Care Technology | 0.3 | |||||
Household Products | 0.3 | |||||
Diversified Telecommunication Services | 0.3 | |||||
Airlines | 0.2 | |||||
Real Estate Management & Development | 0.2 | |||||
Internet & Catalog Retail | 0.2 | |||||
Diversified Financial Services | 0.2 | |||||
Leisure Equipment & Products | 0.2 | |||||
Wireless Telecommunication Services | 0.2 | |||||
Multiline Retail | 0.2 | |||||
Water Utilities | 0.2 | |||||
Pharmaceuticals | 0.2 | |||||
Tobacco | 0.1 | |||||
Life Sciences Tools & Services | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Distributors | 0.0 | ** | ||||
Short Term Investments | 7.7 | |||||
Other Assets & Liabilities | (7.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount represent less than 0.05% of net assets. |
30
SPDR Global Dow ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Global Dow ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.50%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | GLOBAL DOW | NET ASSET | MARKET | GLOBAL DOW | |||||||||||||||||||
VALUE | VALUE | INDEX (2) | VALUE | VALUE | INDEX (2) | |||||||||||||||||||
SIX MONTHS | 9.96% | 10.70% | 10.04% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 13.54% | 14.74% | 13.41% | 13.54% | 14.74% | 13.41% | ||||||||||||||||||
THREE YEARS (1) | 5.14% | 5.92% | 7.36% | 1.69% | 1.94% | 2.39% | ||||||||||||||||||
FIVE YEARS (1) | −19.20% | −18.60% | N/A | −4.17% | −4.03% | N/A | ||||||||||||||||||
TEN YEARS (1) | 41.53% | 42.65% | N/A | 3.53% | 3.62% | N/A | ||||||||||||||||||
(1) | Effective May 2, 2011 the Fund changed its benchmark index to the Global Dow Index from the Dow Jones Global Titans 50 Index U.S. Close (“DJ Global Titans 50 Index”). As of July 31, 2012, the DJ Global Titans 50 Index has been discontinued. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track the DJ Global Titans 50 Index for periods prior to May 2, 2011. | |
(2) | The Global Dow Index inception date is November 9, 2008. |
31
SPDR Global Dow ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective May 2, 2011, the Fund changed its benchmark index to the Global Dow Index from the Dow Jones Global Titans 50 Index U.S. Close (“DJ Global Titans 50 Index”). As of July 31, 2012, the DJ Global Titans 50 Index has been discontinued. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track the DJ Global Titans 50 Index for periods prior to May 2, 2011. | |
(2) | The Global Dow Index inception date is November 9, 2008. Returns represent DJ Global Titans 50 Index (12/31/02-5/1/11) and Global Dow Index (5/2/11-12/31/12). |
32
SPDR Global Dow ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
INDUSTRIAL & | ||||||||||
COMMERCIAL BANK OF | BHARTI | CHINA CONSTRUCTION | CHINA PETROLEUM & | BANK OF | ||||||
DESCRIPTION | CHINA (CLASS H) | AIRTEL, LTD. | BANK CORP. (CLASS H) | CHEMICAL CORP. (CLASS H) | AMERICA CORP. | |||||
MARKET VALUE | $744,550 | 736,165 | 722,522 | 717,388 | 714,862 | |||||
% OF NET ASSETS | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Commercial Banks | 9.3 | % | ||||
Oil, Gas & Consumable Fuels | 8.4 | |||||
Metals & Mining | 6.1 | |||||
Pharmaceuticals | 5.2 | |||||
Capital Markets | 3.6 | |||||
Insurance | 2.8 | |||||
Wireless Telecommunication Services | 2.7 | |||||
Industrial Conglomerates | 2.7 | |||||
Aerospace & Defense | 2.7 | |||||
Chemicals | 2.6 | |||||
Food & Staples Retailing | 2.6 | |||||
Diversified Telecommunication Services | 2.4 | |||||
Multi-Utilities | 2.3 | |||||
Diversified Financial Services | 2.2 | |||||
Machinery | 2.2 | |||||
Automobiles | 2.1 | |||||
Semiconductors & Semiconductor Equipment | 2.1 | |||||
Media | 2.0 | |||||
Communications Equipment | 2.0 | |||||
Health Care Equipment & Supplies | 2.0 | |||||
Hotels, Restaurants & Leisure | 1.9 | |||||
IT Services | 1.9 | |||||
Electric Utilities | 1.9 | |||||
Software | 1.9 | |||||
Household Durables | 1.8 | |||||
Computers & Peripherals | 1.8 | |||||
Biotechnology | 1.5 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Internet Software & Services | 1.3 | |||||
Trading Companies & Distributors | 1.3 | |||||
Air Freight & Logistics | 1.3 | |||||
Electrical Equipment | 1.3 | |||||
Household Products | 1.3 | |||||
Specialty Retail | 1.3 | |||||
Beverages | 1.3 | |||||
Health Care Providers & Services | 1.2 | |||||
Food Products | 1.1 | |||||
Building Products | 0.8 | |||||
Airlines | 0.7 | |||||
Office Electronics | 0.7 | |||||
Auto Components | 0.7 | |||||
Construction & Engineering | 0.7 | |||||
Consumer Finance | 0.6 | |||||
Internet & Catalog Retail | 0.6 | |||||
Tobacco | 0.6 | |||||
Energy Equipment & Services | 0.6 | |||||
Short Term Investments | 3.2 | |||||
Other Assets & Liabilities | (2.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
33
SPDR Dow Jones REIT ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Dow Jones REIT ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | DOW JONES U.S. | NET ASSET | MARKET | DOW JONES U.S. | |||||||||||||||||||
VALUE | VALUE | SELECT REIT INDEX | VALUE | VALUE | SELECT REIT INDEX | |||||||||||||||||||
SIX MONTHS | 1.79% | 1.84% | 1.93% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 16.80% | 16.79% | 17.12% | 16.80% | 16.79% | 17.12% | ||||||||||||||||||
THREE YEARS | 62.98% | 63.00% | 64.05% | 17.68% | 17.69% | 17.93% | ||||||||||||||||||
FIVE YEARS | 27.89% | 28.18% | 28.13% | 5.04% | 5.09% | 5.08% | ||||||||||||||||||
TEN YEARS | 191.36% | 190.90% | 196.45% | 11.29% | 11.27% | 11.48% | ||||||||||||||||||
34
SPDR Dow Jones REIT ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
35
SPDR Dow Jones REIT ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
DESCRIPTION | SIMON PROPERTY GROUP, INC. | PUBLIC STORAGE | HCP, INC. | VENTAS, INC. | EQUITY RESIDENTIAL | |||||
MARKET VALUE | $223,276,673 | 95,429,777 | 93,248,312 | 87,333,233 | 83,243,696 | |||||
% OF NET ASSETS | 11.8 | 5.1 | 4.9 | 4.6 | 4.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Specialized REITs | 27.7 | % | ||||
Retail REITs | 26.8 | |||||
Residential REITs | 18.6 | |||||
Office REITs | 15.3 | |||||
Industrial REITs | 5.7 | |||||
Diversified REITs | 5.6 | |||||
Short Term Investments | 4.4 | |||||
Other Assets & Liabilities | (4.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
36
SPDR S&P Bank ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Bank ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
S&P BANKS | ||||||||||||||||||||||||||||||||
NET ASSET | MARKET | S&P BANKS SELECT | NET ASSET | MARKET | KBW BANK | SELECT | ||||||||||||||||||||||||||
VALUE | VALUE | KBW BANK INDEX | INDUSTRY INDEX (3) | VALUE | VALUE | INDEX | INDUSTRY INDEX (3) | |||||||||||||||||||||||||
SIX MONTHS | 9.39% | 9.45% | 13.13% | 9.66% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR | 22.66% | 22.74% | 32.92% | 23.18% | 22.66% | 22.74% | 32.92% | 23.18% | ||||||||||||||||||||||||
THREE YEARS (1) | 17.37% | 17.47% | 25.98% | N/A | 5.48% | 5.51% | 8.00% | N/A | ||||||||||||||||||||||||
FIVE YEARS (1) | −39.14% | −39.06% | −35.09% | N/A | −9.46% | −9.43% | −8.28% | N/A | ||||||||||||||||||||||||
SINCE INCEPTION (1)(2) | −42.46% | −42.42% | −38.31% | N/A | −7.44% | −7.43% | −6.54% | N/A | ||||||||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Banks Select Industry Index from the KBW Bank Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to October 24, 2011. | |
(2) | For the period November 8, 2005 to December 31, 2012. | |
(3) | The S&P Banks Select Industry Index inception date is September 12, 2011. |
37
SPDR S&P Bank ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Banks Select Industry Index from the KBW Bank Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to October 24, 2011. | |
(2) | The S&P Banks Select Industry Index inception date is September 12, 2011. |
38
SPDR S&P Bank ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
BANK OF AMERICA | NORTHERN TRUST | REGIONS FINANCIAL | ||||||||
DESCRIPTION | CORP. | CORP. | CORP. | COMERICA, INC. | FIFTH THIRD BANCORP | |||||
MARKET VALUE | $44,972,771 | 43,665,784 | 43,589,224 | 43,420,909 | 43,388,124 | |||||
% OF NET ASSETS | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Regional Banks | 66.8 | % | ||||
Thrifts & Mortgage Finance | 12.4 | |||||
Other Diversified Financial Services | 7.7 | |||||
Diversified Banks | 7.6 | |||||
Asset Management & Custody Banks | 5.1 | |||||
Short Term Investments | 7.4 | |||||
Other Assets & Liabilities | (7.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
39
SPDR S&P Capital Markets ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Capital Markets ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
S&P CAPITAL | ||||||||||||||||||||||||||||||||
KBW | MARKETS | KBW | S&P CAPITAL | |||||||||||||||||||||||||||||
CAPITAL | SELECT | CAPITAL | MARKETS | |||||||||||||||||||||||||||||
NET ASSET | MARKET | MARKETS | INDUSTRY | NET ASSET | MARKET | MARKETS | SELECT INDUSTRY | |||||||||||||||||||||||||
VALUE | VALUE | INDEX | INDEX (3) | VALUE | VALUE | INDEX | INDEX (3) | |||||||||||||||||||||||||
SIX MONTHS | 12.77% | 12.97% | 11.94% | 13.06% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR | 26.75% | 26.91% | 20.36% | 27.20% | 26.75% | 26.91% | 20.36% | 27.20% | ||||||||||||||||||||||||
THREE YEARS (1) | 0.52% | 0.61% | −4.19% | N/A | 0.17% | 0.20% | −1.42% | N/A | ||||||||||||||||||||||||
FIVE YEARS (1) | −43.72% | −43.83% | −46.16% | N/A | −10.86% | −10.90% | −11.64% | N/A | ||||||||||||||||||||||||
SINCE INCEPTION (1)(2) | −24.88% | −24.81% | −27.58% | N/A | −3.92% | −3.91% | −4.42% | N/A | ||||||||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Capital Markets Select Industry Index from the KBW Capital Markets Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index prior to October 24, 2011. | |
(2) | For the period November 8, 2005 to December 31, 2012. | |
(3) | The S&P Capital Markets Select Industry Index inception date is September 12, 2011. |
40
SPDR S&P Capital Markets ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Capital Markets Select Industry Index from the KBW Capital Markets Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to October 24, 2011. | |
(2) | The S&P Capital Markets Select Industry Index inception date is September 12, 2011. |
41
SPDR S&P Capital Markets ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
E*TRADE | THE GOLDMAN | NORTHERN | ||||||||
DESCRIPTION | FINANCIAL CORP. | SACHS GROUP, INC. | TRUST CORP. | MORGAN STANLEY | SEI INVESTMENTS CO. | |||||
MARKET VALUE | $577,078 | 574,020 | 571,774 | 568,935 | 564,945 | |||||
% OF NET ASSETS | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Asset Management & Custody Banks | 63.4 | % | ||||
Investment Banking & Brokerage | 33.4 | |||||
Mortgage REIT’s | 2.5 | |||||
Short Term Investments | 18.0 | |||||
Other Assets & Liabilities | (17.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
42
SPDR S&P Insurance ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Insurance ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
S&P INSURANCE | S&P INSURANCE | |||||||||||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||||||||||
VALUE | VALUE | KBW INSURANCE INDEX | INDEX (3) | VALUE | VALUE | KBW INSURANCE INDEX | INDEX (3) | |||||||||||||||||||||||||
SIX MONTHS | 9.62% | 9.67% | 12.22% | 9.89% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR | 20.82% | 20.81% | 17.39% | 21.32% | 20.82% | 20.81% | 17.39% | 21.32% | ||||||||||||||||||||||||
THREE YEARS (1) | 33.80% | 33.80% | 30.37% | N/A | 10.19% | 10.19% | 9.24% | N/A | ||||||||||||||||||||||||
FIVE YEARS (1) | −8.55% | −8.47% | −10.43% | N/A | −1.77% | −1.76% | −2.18% | N/A | ||||||||||||||||||||||||
SINCE INCEPTION (1)(2) | −4.21% | −4.21% | −5.45% | N/A | −0.60% | −0.60% | −0.78% | N/A | ||||||||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Insurance Select Industry Index from the KBW Insurance Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index prior to October 24, 2011. | |
(2) | For the period November 8, 2005 to December 31, 2012. | |
(3) | The S&P Insurance Select Industry Index inception date is September 12, 2011. |
43
SPDR S&P Insurance ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Insurance Select Industry Index from the KBW Insurance Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to October 24, 2011. | |
(2) | The S&P Insurance Select Industry Index inception date is September 12, 2011. |
44
SPDR S&P Insurance ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
AMERICAN | ||||||||||
GENWORTH FINANCIAL, | HARTFORD FINANCIAL | PRUDENTIAL | INTERNATIONAL | |||||||
DESCRIPTION | INC. (CLASS A) | SERVICES GROUP, INC. | FINANCIAL, INC. | GROUP, INC. | EVEREST RE GROUP, LTD. | |||||
MARKET VALUE | $3,491,294 | 3,410,476 | 3,388,215 | 3,365,114 | 3,360,952 | |||||
% OF NET ASSETS | 2.4 | 2.4 | 2.4 | 2.4 | 2.3 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Property & Casualty Insurance | 35.8 | % | ||||
Life & Health Insurance | 20.8 | |||||
Reinsurance | 18.0 | |||||
Multi-line Insurance | 16.3 | |||||
Insurance Brokers | 9.0 | |||||
Short Term Investments | 3.8 | |||||
Other Assets & Liabilities | (3.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
45
SPDR S&P Mortgage Finance ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (4/29/09, 4/30/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Mortgage Finance ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
S&P MORTGAGE | S&P MORTGAGE | |||||||||||||||||||||||||||||||
NET ASSET | MARKET | KBW MORTGAGE | FINANCE SELECT | NET ASSET | MARKET | KBW MORTGAGE | FINANCE SELECT | |||||||||||||||||||||||||
VALUE | VALUE | FINANCE INDEX | INDUSTRY INDEX (3) | VALUE | VALUE | FINANCE INDEX | INDUSTRY INDEX (3) | |||||||||||||||||||||||||
SIX MONTHS | 12.77% | 12.88% | 24.16% | 13.07% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR | 32.74% | 32.94% | 69.13% | 33.31% | 32.74% | 32.94% | 69.13% | 33.31% | ||||||||||||||||||||||||
THREE YEARS (1) | 12.68% | 12.74% | 41.32% | N/A | 4.06% | 4.08% | 12.22% | N/A | ||||||||||||||||||||||||
SINCE INCEPTION (1)(2) | 14.30% | 14.35% | 43.66% | N/A | 3.70% | 3.72% | 10.36% | N/A | ||||||||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Mortgage Finance Select Industry Index from the KBW Mortgage Finance Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index prior to October 24, 2011. | |
(2) | For the period April 29, 2009 to December 31, 2012. | |
(3) | The S&P Mortgage Finance Select Industry Index inception date is September 12, 2011. |
46
SPDR S&P Mortgage Finance ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Mortgage Finance Select Industry Index from the KBW Mortgage Finance Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to October 24, 2011. | |
(2) | The S&P Mortgage Finance Select Industry Index inception date is September 12, 2011. |
47
SPDR S&P Mortgage Finance ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
STANDARD PACIFIC | ||||||||||
DESCRIPTION | CORP. | THE RYLAND GROUP, INC. | M.D.C. HOLDINGS, INC. | PULTE GROUP, INC. | D.R. HORTON, INC. | |||||
MARKET VALUE | $135,115 | 130,743 | 129,358 | 127,574 | 127,087 | |||||
% OF NET ASSETS | 3.1 | 3.0 | 3.0 | 3.0 | 3.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Insurance | 56.8 | % | ||||
Household Durables | 23.8 | |||||
Thrifts & Mortgage Finance | 18.6 | |||||
Short Term Investments | 25.9 | |||||
Other Assets & Liabilities | (25.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
48
SPDR S&P Regional Banking ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/19/06, 6/22/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Regional Banking ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
S&P REGIONAL BANKS | S&P REGIONAL BANKS | |||||||||||||||||||||||||||||||
NET ASSET | MARKET | KBW REGIONAL | SELECT INDUSTRY | NET ASSET | MARKET | KBW REGIONAL | SELECT INDUSTRY | |||||||||||||||||||||||||
VALUE | VALUE | BANKING INDEX | INDEX (3) | VALUE | VALUE | BANKING INDEX | INDEX (3) | |||||||||||||||||||||||||
SIX MONTHS | 3.53% | 3.46% | 1.19% | 3.77% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR | 16.87% | 16.81% | 13.25% | 17.37% | 16.87% | 16.81% | 13.25% | 17.37% | ||||||||||||||||||||||||
THREE YEARS (1) | 32.38% | 32.46% | 29.36% | N/A | 9.80% | 9.82% | 8.96% | N/A | ||||||||||||||||||||||||
FIVE YEARS (1) | −15.67% | −15.84% | −17.97% | N/A | −3.35% | −3.39% | −3.88% | N/A | ||||||||||||||||||||||||
SINCE INCEPTION (1)(2) | −30.33% | −30.31% | −31.55% | N/A | −5.38% | −5.38% | −5.64% | N/A | ||||||||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Regional Banks Select Industry Index from the KBW Regional Banking Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index prior to October 24, 2011. | |
(2) | For the period June 19, 2006 to December 31, 2012. | |
(3) | The S&P Regional Banks Select Industry Index inception date is September 12, 2011. |
49
SPDR S&P Regional Banking ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Regional Banks Select Industry Index from the KBW Regional Banks Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to October 24, 2011. | |
(2) | The S&P Regional Banks Select Industry Index inception date is September 12, 2011. |
50
SPDR S&P Regional Banking ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
PNC FINANCIAL | ||||||||||
FIRST HORIZON | SERVICES GROUP, | |||||||||
DESCRIPTION | REGIONS FINANCIAL CORP. | FIFTH THIRD BANCORP | NATIONAL CORP. | SUNTRUST BANKS, INC. | INC. | |||||
MARKET VALUE | $21,832,740 | 21,733,199 | 21,659,276 | 21,515,184 | 21,448,051 | |||||
% OF NET ASSETS | 1.9 | 1.9 | 1.9 | 1.8 | 1.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Regional Banks | 95.3 | % | ||||
Thrifts & Mortgage Finance | 4.6 | |||||
Short Term Investments | 6.4 | |||||
Other Assets & Liabilities | (6.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
51
SPDR Morgan Stanley Technology ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Morgan Stanley Technology ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.50%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | MORGAN STANLEY | NET ASSET | MARKET | MORGAN STANLEY | |||||||||||||||||||
VALUE | VALUE | TECHNOLOGY INDEX | VALUE | VALUE | TECHNOLOGY INDEX | |||||||||||||||||||
SIX MONTHS | 6.95% | 6.91% | 7.20% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.61% | 17.65% | 18.16% | 17.61% | 17.65% | 18.16% | ||||||||||||||||||
THREE YEARS | 21.35% | 21.29% | 23.01% | 6.66% | 6.64% | 7.15% | ||||||||||||||||||
FIVE YEARS | 13.79% | 13.30% | 16.27% | 2.62% | 2.53% | 3.06% | ||||||||||||||||||
TEN YEARS | 145.80% | 146.15% | 157.57% | 9.41% | 9.43% | 9.92% | ||||||||||||||||||
52
SPDR Morgan Stanley Technology ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
53
SPDR Morgan Stanley Technology ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
MOTOROLA | FACEBOOK, INC. | |||||||||
DESCRIPTION | APPLE, INC. | SOLUTIONS, INC. | (CLASS A) | SAP AG ADR | QUALCOMM, INC. | |||||
MARKET VALUE | $4,814,860 | 4,794,048 | 4,766,770 | 4,746,600 | 4,730,079 | |||||
% OF NET ASSETS | 3 | 2.9 | 2.9 | 2.9 | 2.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Communications Equipment | 20.0 | % | ||||
Semiconductors & Semiconductor Equipment | 17.2 | |||||
Computers & Peripherals | 17.1 | |||||
Software | 14.2 | |||||
Internet Software & Services | 8.6 | |||||
IT Services | 8.5 | |||||
Electronic Equipment, Instruments & Components | 5.7 | |||||
Internet & Catalog Retail | 5.7 | |||||
Office Electronics | 2.8 | |||||
Short Term Investments | 4.9 | |||||
Other Assets & Liabilities | (4.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
54
SPDR S&P Dividend ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/8/05, 11/15/05, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Dividend ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P HIGH YIELD | S&P HIGH YIELD | |||||||||||||||||||||||
NET ASSET | MARKET | DIVIDEND | NET ASSET | MARKET | DIVIDEND | |||||||||||||||||||
VALUE | VALUE | ARISTOCRATS INDEX | VALUE | VALUE | ARISTOCRATS INDEX | |||||||||||||||||||
SIX MONTHS | 6.30% | 6.31% | 6.45% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 11.49% | 11.55% | 11.88% | 11.49% | 11.55% | 11.88% | ||||||||||||||||||
THREE YEARS | 39.21% | 39.25% | 40.64% | 11.66% | 11.67% | 12.04% | ||||||||||||||||||
FIVE YEARS | 27.65% | 26.98% | 28.79% | 5.00% | 4.89% | 5.19% | ||||||||||||||||||
SINCE INCEPTION (1) | 43.09% | 43.15% | 44.84% | 5.14% | 5.15% | 5.32% | ||||||||||||||||||
(1) | For the period November 8, 2005 to December 31, 2012. |
55
SPDR S&P Dividend ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
56
SPDR S&P Dividend ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
DESCRIPTION | AVON PRODUCTS, INC. | HCP, INC. | AT&T, INC. | NUCOR CORP. | LEGGETT & PLATT, INC. | |||||
MARKET VALUE | $238,025,817 | 221,084,264 | 217,172,967 | 209,998,805 | 206,001,259 | |||||
% OF NET ASSETS | 2.5 | 2.4 | 2.3 | 2.2 | 2.2 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Machinery | 6.7 | % | ||||
Chemicals | 6.6 | |||||
Household Products | 6.5 | |||||
Insurance | 6.2 | |||||
Real Estate Investment Trusts | 5.3 | |||||
Gas Utilities | 5.1 | |||||
Food & Staples Retailing | 4.5 | |||||
Capital Markets | 3.7 | |||||
Beverages | 3.6 | |||||
Food Products | 3.5 | |||||
Pharmaceuticals | 3.4 | |||||
Multi-Utilities | 3.3 | |||||
Oil, Gas & Consumable Fuels | 3.3 | |||||
Health Care Equipment & Supplies | 2.8 | |||||
Commercial Services & Supplies | 2.6 | |||||
Personal Products | 2.5 | |||||
Diversified Telecommunication Services | 2.3 | |||||
Industrial Conglomerates | 2.2 | |||||
Metals & Mining | 2.2 | |||||
Household Durables | 2.2 | |||||
Containers & Packaging | 2.2 | |||||
Electrical Equipment | 1.9 | |||||
Multiline Retail | 1.8 | |||||
Distributors | 1.8 | |||||
Aerospace & Defense | 1.7 | |||||
Hotels, Restaurants & Leisure | 1.7 | |||||
IT Services | 1.4 | |||||
Health Care Providers & Services | 1.3 | |||||
Specialty Retail | 1.3 | |||||
Water Utilities | 1.0 | |||||
Media | 1.0 | |||||
Computers & Peripherals | 0.9 | |||||
Textiles, Apparel & Luxury Goods | 0.9 | |||||
Commercial Banks | 0.8 | |||||
Trading Companies & Distributors | 0.7 | |||||
Wireless Telecommunication Services | 0.7 | |||||
Short Term Investments | 5.0 | |||||
Other Assets & Liabilities | (4.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
57
SPDR S&P Aerospace & Defense ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/28/11, 9/29/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Aerospace & Defense ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P AEROSPACE & | S&P AEROSPACE & | |||||||||||||||||||||||
NET ASSET | MARKET | DEFENSE SELECT | NET ASSET | MARKET | DEFENSE SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 10.15% | 10.11% | 10.37% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.42% | 17.46% | 17.86% | 17.42% | 17.46% | 17.86% | ||||||||||||||||||
SINCE INCEPTION (1) | 30.92% | 30.89% | 31.48% | 23.85% | 23.82% | 24.27% | ||||||||||||||||||
(1) | For the period September 28, 2011 to December 31, 2012. |
58
SPDR S&P Aerospace & Defense ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
59
SPDR S&P Aerospace & Defense ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
SPIRIT AEROSYSTEMS | ||||||||||
HOLDINGS, INC. | LOCKHEED MARTIN | |||||||||
DESCRIPTION | TRANSDIGM GROUP, INC. | (CLASS A) | HEXCEL CORP. | CORP. | TRIUMPH GROUP, INC. | |||||
MARKET VALUE | $604,075 | 589,962 | 586,030 | 576,997 | 576,599 | |||||
% OF NET ASSETS | 4.8 | 4.6 | 4.6 | 4.5 | 4.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Aerospace & Defense | 99.7 | % | ||||
Short Term Investments | 19.0 | |||||
Other Assets & Liabilities | (18.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
60
SPDR S&P Biotech ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/31/06, 2/6/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Biotech ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P BIOTECHNOLOGY | S&P BIOTECHNOLOGY | |||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | −0.32% | −0.29% | −0.36% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 32.85% | 32.87% | 32.91% | 32.85% | 32.87% | 32.91% | ||||||||||||||||||
THREE YEARS | 64.44% | 64.44% | 65.41% | 18.03% | 18.03% | 18.26% | ||||||||||||||||||
FIVE YEARS | 50.66% | 50.53% | 52.24% | 8.54% | 8.52% | 8.77% | ||||||||||||||||||
SINCE INCEPTION (1) | 80.72% | 80.72% | 84.06% | 8.93% | 8.93% | 9.22% | ||||||||||||||||||
(1) | For the period January 31, 2006 to December 31, 2012. |
61
SPDR S&P Biotech ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
62
SPDR S&P Biotech ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
DYNAVAX | UNITED | ISIS | ||||||||
DESCRIPTION | TECHNOLOGIES CORP. | DENDREON CORP. | THERAPEUTICS CORP. | PHARMACEUTICALS, INC. | CEPHEID, INC. | |||||
MARKET VALUE | $17,581,372 | 17,341,680 | 17,273,250 | 17,073,523 | 16,895,838 | |||||
% OF NET ASSETS | 2.8 | 2.8 | 2.7 | 2.7 | 2.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Biotechnology | 99.9 | % | ||||
Short Term Investments | 16.8 | |||||
Other Assets & Liabilities | (16.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
63
SPDR S&P Health Care Equipment ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/26/11, 1/27/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Health Care Equipment ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P HEALTH CARE | S&P HEALTH CARE | |||||||||||||||||||||||
NET ASSET | MARKET | EQUIPMENT SELECT | NET ASSET | MARKET | EQUIPMENT SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | −0.19% | −0.09% | 0.03% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 16.51% | 16.50% | 16.98% | 16.51% | 16.50% | 16.98% | ||||||||||||||||||
SINCE INCEPTION (1) | 14.16% | 14.03% | 15.00% | 7.09% | 7.03% | 7.51% | ||||||||||||||||||
(1) | For the period January 26, 2011 to December 31, 2012. |
64
SPDR S&P Health Care Equipment ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
65
SPDR S&P Health Care Equipment ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
ALIGN | SIRONA DENTAL | |||||||||
DESCRIPTION | NUVASIVE, INC. | TECHNOLOGY, INC. | SYSTEMS, INC. | ABIOMED, INC. | TELEFLEX, INC. | |||||
MARKET VALUE | $493,329 | 492,451 | 490,154 | 488,100 | 485,478 | |||||
% OF NET ASSETS | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Health Care Equipment | 80.3 | % | ||||
Health Care Supplies | 19.5 | |||||
Short Term Investments | 2.0 | |||||
Other Assets & Liabilities | (1.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
66
SPDR S&P Health Care Services ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/28/11, 9/29/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Health Care Services ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P HEALTH CARE | S&P HEALTH CARE | |||||||||||||||||||||||
NET ASSET | MARKET | SERVICES SELECT | NET ASSET | MARKET | SERVICES SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 11.08% | 11.22% | 11.34% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 22.60% | 22.66% | 23.12% | 22.60% | 22.66% | 23.12% | ||||||||||||||||||
SINCE INCEPTION (1) | 38.13% | 38.21% | 38.86% | 29.24% | 29.30% | 29.78% | ||||||||||||||||||
(1) | For the period September 28, 2011 to December 31, 2012. |
67
SPDR S&P Health Care Services ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
68
SPDR S&P Health Care Services ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
HEALTH MANAGEMENT | UNIVERSAL HEALTH | |||||||||
ASSOCIATES, INC. | SERVICES, INC. | TENET | BROOKDALE SENIOR | LIFEPOINT | ||||||
DESCRIPTION | (CLASS A) | (CLASS B) | HEALTHCARE CORP. | LIVING, INC. | HOSPITALS, INC. | |||||
MARKET VALUE | $349,603 | 324,574 | 324,083 | 319,868 | 318,648 | |||||
% OF NET ASSETS | 2.6 | 2.5 | 2.4 | 2.4 | 2.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Health Care Facilities | 29.0 | % | ||||
Health Care Services | 28.0 | |||||
Managed Health Care | 25.0 | |||||
Health Care Distributors | 17.6 | |||||
Short Term Investments | 23.7 | |||||
Other Assets & Liabilities | (23.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
69
SPDR S&P Homebuilders ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/31/06, 2/6/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Homebuilders ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P HOMEBUILDERS | S&P HOMEBUILDERS | |||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 25.01% | 25.06% | 25.24% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 57.51% | 57.57% | 58.03% | 57.51% | 57.57% | 58.03% | ||||||||||||||||||
THREE YEARS | 83.41% | 83.60% | 85.16% | 22.41% | 22.45% | 22.79% | ||||||||||||||||||
FIVE YEARS | 48.42% | 48.64% | 48.76% | 8.22% | 8.25% | 8.26% | ||||||||||||||||||
SINCE INCEPTION (1) | −37.79% | −37.72% | −37.65% | −6.63% | −6.62% | −6.60% | ||||||||||||||||||
(1) | For the period January 31, 2006 to December 31, 2012. |
70
SPDR S&P Homebuilders ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
71
SPDR S&P Homebuilders ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
HOVNANIAN | ||||||||||
ENTERPRISES, INC. | STANDARD | MOHAWK | THE RYLAND | LUMBER LIQUIDATORS | ||||||
DESCRIPTION | (CLASS A) | PACIFIC CORP. | INDUSTRIES, INC. | GROUP, INC. | HOLDINGS, INC. | |||||
MARKET VALUE | $90,616,617 | 76,989,633 | 76,163,798 | 74,507,961 | 74,049,170 | |||||
% OF NET ASSETS | 4.1 | 3.5 | 3.4 | 3.4 | 3.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Homebuilding | 32.1 | % | ||||
Building Products | 25.4 | |||||
Home Furnishing Retail | 15.4 | |||||
Home Furnishings | 13.2 | |||||
Home Improvement Retail | 9.7 | |||||
Household Appliances | 4.0 | |||||
Short Term Investments | 8.0 | |||||
Other Assets & Liabilities | (7.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
72
SPDR S&P Metals & Mining ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/19/06, 6/22/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Metals & Mining ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P METALS & MINING | S&P METALS & MINING | |||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 9.64% | 9.60% | 9.80% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −6.52% | −6.61% | −6.39% | −6.52% | −6.61% | −6.39% | ||||||||||||||||||
THREE YEARS | −10.01% | −10.05% | −9.39% | −3.45% | −3.47% | −3.23% | ||||||||||||||||||
FIVE YEARS | −31.56% | −31.63% | −30.87% | −7.30% | −7.32% | −7.11% | ||||||||||||||||||
SINCE INCEPTION (1) | 11.14% | 11.07% | 12.80% | 1.63% | 1.62% | 1.86% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2012. |
73
SPDR S&P Metals & Mining ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
74
SPDR S&P Metals & Mining ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
CLIFFS NATURAL | ALLEGHENY | STILLWATER | NEWMONT MINING | RELIANCE STEEL & | ||||||
DESCRIPTION | RESOURCES, INC. | TECHNOLOGIES, INC. | MINING CO. | CORP. | ALUMINUM CO. | |||||
MARKET VALUE | $37,735,741 | 35,475,235 | 35,363,154 | 34,845,093 | 34,833,939 | |||||
% OF NET ASSETS | 3.7 | 3.5 | 3.5 | 3.5 | 3.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Steel | 35.8 | % | ||||
Diversified Metals & Mining | 18.8 | |||||
Coal & Consumable Fuels | 15.8 | |||||
Precious Metals & Minerals | 12.4 | |||||
Gold | 10.0 | |||||
Aluminum | 7.0 | |||||
Short Term Investments | 8.9 | |||||
Other Assets & Liabilities | (8.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
75
SPDR S&P Oil & Gas Equipment & Services ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/19/06, 6/22/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Oil & Gas Equipment & Services ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P OIL & GAS EQUIPMENT & | S&P OIL & GAS EQUIPMENT & | |||||||||||||||||||||||
NET ASSET | MARKET | SERVICES SELECT INDUSTRY | NET ASSET | MARKET | SERVICES SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 13.19% | 13.23% | 13.26% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.63% | 0.63% | 0.70% | 0.63% | 0.63% | 0.70% | ||||||||||||||||||
THREE YEARS | 24.20% | 24.23% | 25.06% | 7.49% | 7.50% | 7.74% | ||||||||||||||||||
FIVE YEARS | −11.80% | −12.16% | −10.85% | −2.48% | −2.56% | −2.27% | ||||||||||||||||||
SINCE INCEPTION (1) | 28.63% | 28.65% | 30.70% | 3.93% | 3.93% | 4.18% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2012. |
76
SPDR S&P Oil & Gas Equipment & Services ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
77
SPDR S&P Oil & Gas Equipment & Services ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
HERCULES | BASIC ENERGY | HELIX ENERGY | OIL STATES | DRESSER-RAND | ||||||
DESCRIPTION | OFFSHORE, INC. | SERVICES, INC. | SOLUTIONS GROUP, INC. | INTERNATIONAL, INC. | GROUP, INC. | |||||
MARKET VALUE | $8,236,074 | 7,595,854 | 7,430,730 | 7,342,365 | 7,316,670 | |||||
% OF NET ASSETS | 3 | 2.7 | 2.7 | 2.7 | 2.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil & Gas Equipment & Services | 70.8 | % | ||||
Oil & Gas Drilling | 28.9 | |||||
Short Term Investments | 9.7 | |||||
Other Assets & Liabilities | (9.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
78
SPDR S&P Oil & Gas Exploration & Production ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/19/06, 6/22/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Oil & Gas Exploration & Production ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P OIL & GAS EXPLORATION & | S&P OIL & GAS EXPLORATION & | |||||||||||||||||||||||
NET ASSET | MARKET | PRODUCTION SELECT | NET ASSET | MARKET | PRODUCTION SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 8.13% | 8.24% | 8.22% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.95% | 3.95% | 3.95% | 3.95% | 3.95% | 3.95% | ||||||||||||||||||
THREE YEARS | 34.84% | 34.89% | 35.54% | 10.48% | 10.49% | 10.67% | ||||||||||||||||||
FIVE YEARS | 8.04% | 7.77% | 9.05% | 1.56% | 1.51% | 1.75% | ||||||||||||||||||
SINCE INCEPTION (1) | 67.10% | 67.19% | 69.45% | 8.17% | 8.18% | 8.40% | ||||||||||||||||||
(1) For the period June 19, 2006 to December 31, 2012 |
79
SPDR S&P Oil & Gas Exploration & Production ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
80
SPDR S&P Oil & Gas Exploration & Production ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
MAGNUM HUNTER | ||||||||||
DESCRIPTION | RESOURCES CORP. | SM ENERGY CO. | REX ENERGY CORP. | OASIS PETROLEUM, INC. | ROSETTA RESOURCES, INC. | |||||
MARKET VALUE | $11,236,670 | 11,126,734 | 11,055,256 | 10,792,920 | 10,789,420 | |||||
% OF NET ASSETS | 1.6 | 1.6 | 1.5 | 1.5 | 1.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil & Gas Exploration & Production | 74.3 | % | ||||
Oil & Gas Refining & Marketing | 15.4 | |||||
Integrated Oil & Gas | 10.0 | |||||
Short Term Investments | 7.7 | |||||
Other Assets & Liabilities | (7.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
81
SPDR S&P Pharmaceuticals ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/19/06, 6/22/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Pharmaceuticals ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P PHARMACEUTICALS | S&P PHARMACEUTICALS | |||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | −4.39% | −4.43% | −4.24% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 11.01% | 10.96% | 11.37% | 11.01% | 10.96% | 11.37% | ||||||||||||||||||
THREE YEARS | 53.10% | 53.04% | 54.24% | 15.25% | 15.24% | 15.54% | ||||||||||||||||||
FIVE YEARS | 78.06% | 77.54% | 79.47% | 12.23% | 12.17% | 12.40% | ||||||||||||||||||
SINCE INCEPTION (1) | 94.25% | 94.16% | 96.79% | 10.69% | 10.69% | 10.91% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2012. |
82
SPDR S&P Pharmaceuticals ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
83
SPDR S&P Pharmaceuticals ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
ENDO PHARMACEUTICAL | ||||||||||
DESCRIPTION | VIVUS, INC. | JAZZ PHARMACEUTICALS PLC | ELI LILLY & CO. | WARNER CHILCOTT PLC | HOLDINGS, INC. | |||||
MARKET VALUE | $15,433,027 | 13,774,225 | 13,624,650 | 13,597,253 | 13,536,931 | |||||
% OF NET ASSETS | 5.0 | 4.5 | 4.4 | 4.4 | 4.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Pharmaceuticals | 99.9 | % | ||||
Short Term Investments | 5.8 | |||||
Other Assets & Liabilities | (5.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
84
SPDR S&P Retail ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/19/06, 6/22/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Retail ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P RETAIL SELECT | NET ASSET | MARKET | S&P RETAIL SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 6.95% | 6.98% | 7.02% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 20.72% | 20.77% | 20.88% | 20.72% | 20.77% | 20.88% | ||||||||||||||||||
THREE YEARS | 81.51% | 81.66% | 82.51% | 21.98% | 22.02% | 22.20% | ||||||||||||||||||
FIVE YEARS | 97.37% | 96.78% | 99.88% | 14.57% | 14.50% | 14.85% | ||||||||||||||||||
SINCE INCEPTION (1) | 83.80% | 83.90% | 87.22% | 9.76% | 9.77% | 10.07% | ||||||||||||||||||
(1) For the period June 19, 2006 to December 31, 2012 |
85
SPDR S&P Retail ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
86
SPDR S&P Retail ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
ASBURY AUTOMOTIVE | MONRO MUFFLER | |||||||||
DESCRIPTION | RITE AID CORP. | SHUTTERFLY, INC. | GROUP, INC. | BRAKE, INC. | CONN’S, INC. | |||||
MARKET VALUE | $7,998,485 | 6,806,626 | 6,641,132 | 6,640,698 | 6,532,877 | |||||
% OF NET ASSETS | 1.4 | 1.2 | 1.1 | 1.1 | 1.1 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Apparel Retail | 28.8 | % | ||||
Specialty Stores | 15.5 | |||||
Automotive Retail | 12.9 | |||||
Internet Retail | 9.5 | |||||
Food Retail | 8.4 | |||||
Department Stores | 7.2 | |||||
General Merchandise Stores | 6.8 | |||||
Drug Retail | 3.4 | |||||
Hypermarkets & Super Centers | 3.1 | |||||
Computer & Electronics Retail | 3.0 | |||||
Catalog Retail | 1.1 | |||||
Short Term Investments | 7.1 | |||||
Other Assets & Liabilities | (6.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
87
SPDR S&P Semiconductor ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/31/06, 2/6/06, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Semiconductor ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P SEMICONDUCTOR | S&P SEMICONDUCTOR | |||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 1.57% | 1.62% | 1.67% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 2.62% | 2.59% | 2.86% | 2.62% | 2.59% | 2.86% | ||||||||||||||||||
THREE YEARS | −2.81% | −2.83% | −2.43% | −0.95% | −0.95% | −0.82% | ||||||||||||||||||
FIVE YEARS | 1.04% | 0.78% | 0.08% | 0.21% | 0.15% | 0.02% | ||||||||||||||||||
SINCE INCEPTION(1) | −11.31% | −11.32% | −11.59% | −1.72% | −1.72% | −1.77% | ||||||||||||||||||
(1) | For the period January 31, 2006 to December 31, 2012. |
88
SPDR S&P Semiconductor ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
89
SPDR S&P Semiconductor ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
DESCRIPTION | ATMEL CORP. | CIRRUS LOGIC, INC. | ALTERA CORP. | LSI CORP. | TRIQUINT SEMICONDUCTOR, INC. | |||||
MARKET VALUE | $974,267 | 958,270 | 888,690 | 888,143 | 875,503 | |||||
% OF NET ASSETS | 2.9 | 2.8 | 2.6 | 2.6 | 2.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Semiconductors | 99.9 | % | ||||
Short Term Investments | 15.6 | |||||
Other Assets &Liabilities | (15.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
90
SPDR S&P Software & Services ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/28/11, 9/29/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Software & Services ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P SOFTWARE & | S&P SOFTWARE & | |||||||||||||||||||||||
NET ASSET | MARKET | SERVICES SELECT | NET ASSET | MARKET | SERVICES SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 5.10% | 5.04% | 5.30% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 15.43% | 15.37% | 15.87% | 15.43% | 15.37% | 15.87% | ||||||||||||||||||
SINCE INCEPTION (1) | 29.53% | 29.43% | 30.15% | 22.81% | 22.73% | 23.27% | ||||||||||||||||||
(1) | For the period September 28, 2011 to December 31, 2012. |
91
SPDR S&P Software & Services ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
92
SPDR S&P Software & Services ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
CORNERSTONE | ||||||||||
DESCRIPTION | COMPUWARE CORP. | BROADSOFT, INC. | ONDEMAND, INC. | EXACTTARGET, INC. | LOGMEIN, INC. | |||||
MARKET VALUE | $97,069 | 96,638 | 96,504 | 93,100 | 92,755 | |||||
% OF NET ASSETS | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Application Software | 30.6 | % | ||||
Internet Software & Services | 22.8 | |||||
Data Processing & Outsourced Services | 20.3 | |||||
Systems Software | 11.7 | |||||
IT Consulting & Other Services | 9.8 | |||||
Home Entertainment Software | 2.5 | |||||
Diversified Commercial & Professional Services | 1.4 | |||||
Communications Equipment | 0.7 | |||||
Short Term Investments | 30.6 | |||||
Other Assets &Liabilities | (30.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
93
SPDR S&P Telecom ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/26/11, 1/27/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Telecom ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P TELECOM SELECT | NET ASSET | MARKET | S&P TELECOM SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 13.36% | 13.30% | 13.66% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 11.97% | 11.79% | 12.47% | 11.97% | 11.79% | 12.47% | ||||||||||||||||||
SINCE INCEPTION (1) | −7.40% | −7.42% | −6.75% | −3.90% | −3.91% | −3.56% | ||||||||||||||||||
(1) | For the period January 26, 2011 to December 31, 2012. |
94
SPDR S&P Telecom ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
95
SPDR S&P Telecom ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
LEVEL 3 | ||||||||||
DESCRIPTION | NII HOLDINGS, INC. | RIVERBED TECHNOLOGY, INC. | FINISAR CORP. | NETGEAR, INC. | COMMUNICATIONS, INC. | |||||
MARKET VALUE | $121,467 | 119,543 | 117,148 | 116,289 | 116,267 | |||||
% OF NET ASSETS | 2.7 | 2.6 | 2.6 | 2.6 | 2.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Communications Equipment | 57.3 | % | ||||
Wireless Telecommunication Services | 19.8 | |||||
Integrated Telecommunication Services | 14.7 | |||||
Alternative Carriers | 7.9 | |||||
Short Term Investments | 2.7 | |||||
Other Assets & Liabilities | (2.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
96
SPDR S&P Transportation ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/26/11, 1/27/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR S&P Transportation ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P TRANSPORTATION | NET ASSET | MARKET | S&P TRANSPORTATION | |||||||||||||||||||
VALUE | VALUE | SELECT INDUSTRY INDEX | VALUE | VALUE | SELECT INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 9.23% | 9.26% | 9.51% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 20.38% | 20.48% | 20.90% | 20.38% | 20.48% | 20.90% | ||||||||||||||||||
SINCE INCEPTION (1) | 7.15% | 7.11% | 7.95% | 3.64% | 3.62% | 4.04% | ||||||||||||||||||
(1) | For the period January 26, 2011 to December 31, 2012. |
97
SPDR S&P Transportation ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
98
SPDR S&P Transportation ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
J.B. HUNT TRANSPORT | ||||||||||
DESCRIPTION | KIRBY CORP. | DELTA AIR LINES, INC. | LANDSTAR SYSTEM, INC. | US AIRWAYS GROUP, INC. | SERVICES, INC. | |||||
MARKET VALUE | $470,116 | 467,381 | 465,897 | 464,859 | 463,947 | |||||
% OF NET ASSETS | 3.5 | 3.5 | 3.5 | 3.4 | 3.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Trucking | 33.6 | % | ||||
Airlines | 24.7 | |||||
Air Freight & Logistics | 20.4 | |||||
Railroads | 16.6 | |||||
Marine | 4.5 | |||||
Short Term Investments | 0.7 | |||||
Other Assets & Liabilities | (0.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
99
SPDR S&P 1500 Momentum Tilt ETF —
Portfolio Summary
Portfolio Summary
The Fund had less than six months of operations at reporting period end and therefore does not have performance history to provide in this report.
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
DESCRIPTION | APPLE, INC. | EXXON MOBIL CORP. | GENERAL ELECTRIC CO. | AT&T, INC. | PFIZER, INC. | |||||
MARKET VALUE | $410,966 | 176,822 | 163,512 | 127,019 | 122,365 | |||||
% OF NET ASSETS | 6.8 | 3.0 | 2.7 | 2.1 | 2.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Computers & Peripherals | 7.4 | % | ||||
Oil, Gas & Consumable Fuels | 7.1 | |||||
Pharmaceuticals | 6.5 | |||||
Media | 5.3 | |||||
Commercial Banks | 4.5 | |||||
IT Services | 3.8 | |||||
Diversified Telecommunication Services | 3.6 | |||||
Specialty Retail | 3.5 | |||||
Industrial Conglomerates | 3.4 | |||||
Insurance | 3.3 | |||||
Internet Software & Services | 3.1 | |||||
Diversified Financial Services | 3.0 | |||||
Food & Staples Retailing | 2.7 | |||||
Biotechnology | 2.7 | |||||
Real Estate Investment Trusts | 2.7 | |||||
Chemicals | 2.6 | |||||
Software | 2.4 | |||||
Tobacco | 2.3 | |||||
Health Care Equipment & Supplies | 1.9 | |||||
Beverages | 1.9 | |||||
Health Care Providers & Services | 1.7 | |||||
Household Products | 1.7 | |||||
Machinery | 1.7 | |||||
Aerospace & Defense | 1.6 | |||||
Capital Markets | 1.5 | |||||
Hotels, Restaurants & Leisure | 1.5 | |||||
Communications Equipment | 1.4 | |||||
Electric Utilities | 1.3 | |||||
Food Products | 1.1 | |||||
Internet & Catalog Retail | 1.1 | |||||
Consumer Finance | 1.0 | |||||
Household Durables | 0.8 | |||||
Multi-Utilities | 0.8 | |||||
Energy Equipment & Services | 0.7 | |||||
Road & Rail | 0.7 | |||||
Electrical Equipment | 0.6 | |||||
Multiline Retail | 0.6 | |||||
Wireless Telecommunication Services | 0.6 | |||||
Semiconductors & Semiconductor Equipment | 0.5 | |||||
Commercial Services & Supplies | 0.5 | |||||
Paper & Forest Products | 0.5 | |||||
Textiles, Apparel & Luxury Goods | 0.4 | |||||
Life Sciences Tools & Services | 0.4 | |||||
Electronic Equipment, Instruments & Components | 0.4 | |||||
Trading Companies & Distributors | 0.3 | |||||
Metals & Mining | 0.3 | |||||
Air Freight & Logistics | 0.2 | |||||
Building Products | 0.2 | |||||
Leisure Equipment & Products | 0.2 | |||||
Containers & Packaging | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Construction & Engineering | 0.2 | |||||
Construction Materials | 0.2 | |||||
Professional Services | 0.2 | |||||
Personal Products | 0.1 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Distributors | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Automobiles | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Airlines | 0.0 | |||||
Water Utilities | 0.0 | |||||
Auto Components | 0.0 | |||||
Independent Power Producers & Energy Traders | 0.0 | |||||
Office Electronics | 0.0 | |||||
Marine | 0.0 | |||||
Short Term Investments | 0.7 | |||||
Other Assets & Liabilities | (0.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (See Note 2). |
100
SPDR S&P 1500 Value Tilt ETF —
Portfolio Summary
Portfolio Summary
The Fund had less than six months of operations at reporting period end and therefore does not have performance history to provide in this report.
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
DESCRIPTION | EXXON MOBIL CORP. | BANK OF AMERICA CORP. | AT&T, INC. | CHEVRON CORP. | WAL-MART STORES, INC. | |||||
MARKET VALUE | $190,237 | 135,523 | 125,873 | 124,577 | 124,315 | |||||
% OF NET ASSETS | 3.1 | 2.2 | 2.1 | 2.1 | 2.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 9.8 | % | ||||
Insurance | 6.4 | |||||
Diversified Financial Services | 5.7 | |||||
Pharmaceuticals | 4.8 | |||||
Food & Staples Retailing | 3.8 | |||||
Diversified Telecommunication Services | 3.7 | |||||
Commercial Banks | 3.3 | |||||
Media | 3.1 | |||||
Computers & Peripherals | 3.0 | |||||
Health Care Providers & Services | 3.0 | |||||
Electric Utilities | 2.7 | |||||
Capital Markets | 2.5 | |||||
Software | 2.5 | |||||
IT Services | 2.5 | |||||
Aerospace & Defense | 2.4 | |||||
Specialty Retail | 2.3 | |||||
Industrial Conglomerates | 2.0 | |||||
Machinery | 1.9 | |||||
Food Products | 1.9 | |||||
Chemicals | 1.8 | |||||
Real Estate Investment Trusts | 1.8 | |||||
Semiconductors & Semiconductor Equipment | 1.7 | |||||
Household Products | 1.7 | |||||
Multi-Utilities | 1.6 | |||||
Beverages | 1.6 | |||||
Energy Equipment & Services | 1.5 | |||||
Internet Software & Services | 1.5 | |||||
Hotels, Restaurants & Leisure | 1.4 | |||||
Health Care Equipment & Supplies | 1.4 | |||||
Tobacco | 1.3 | |||||
Communications Equipment | 1.1 | |||||
Biotechnology | 1.0 | |||||
Metals & Mining | 0.9 | |||||
Automobiles | 0.9 | |||||
Consumer Finance | 0.9 | |||||
Electronic Equipment, Instruments & Components | 0.9 | |||||
Multiline Retail | 0.7 | |||||
Commercial Services & Supplies | 0.7 | |||||
Road & Rail | 0.7 | |||||
Electrical Equipment | 0.7 | |||||
Air Freight & Logistics | 0.6 | |||||
Household Durables | 0.5 | |||||
Internet & Catalog Retail | 0.5 | |||||
Textiles, Apparel & Luxury Goods | 0.5 | |||||
Wireless Telecommunication Services | 0.5 | |||||
Life Sciences Tools & Services | 0.4 | |||||
Paper & Forest Products | 0.4 | |||||
Construction & Engineering | 0.4 | |||||
Gas Utilities | 0.3 | |||||
Auto Components | 0.3 | |||||
Containers & Packaging | 0.3 | |||||
Independent Power Producers & Energy Traders | 0.2 | |||||
Thrifts & Mortgage Finance | 0.2 | |||||
Professional Services | 0.2 | |||||
Trading Companies & Distributors | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Airlines | 0.2 | |||||
Leisure Equipment & Products | 0.1 | |||||
Building Products | 0.1 | |||||
Personal Products | 0.1 | |||||
Office Electronics | 0.1 | |||||
Distributors | 0.1 | |||||
Construction Materials | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Real Estate Management & Development | 0.0 | |||||
Water Utilities | 0.0 | |||||
Marine | 0.0 | |||||
Short Term Investments | 0.8 | |||||
Other Assets & Liabilities | (0.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (See Note 2). |
101
SPDR Wells Fargo Preferred Stock ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/16/09, 9/23/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Wells Fargo Preferred Stock ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.45%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
WELLS FARGO HYBRID | WELLS FARGO HYBRID | |||||||||||||||||||||||
AND PREFERRED | AND PREFERRED | |||||||||||||||||||||||
NET ASSET | MARKET | SECURITIES | NET ASSET | MARKET | SECURITIES | |||||||||||||||||||
VALUE | VALUE | AGGREGATE INDEX | VALUE | VALUE | AGGREGATE INDEX | |||||||||||||||||||
SIX MONTHS | 3.14% | 2.98% | 3.19% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 13.51% | 13.52% | 13.76% | 13.51% | 13.52% | 13.76% | ||||||||||||||||||
THREE YEARS | 31.02% | 30.93% | 31.93% | 9.42% | 9.40% | 9.67% | ||||||||||||||||||
SINCE INCEPTION (1) | 38.72% | 38.73% | 40.05% | 10.45% | 10.46% | 10.78% | ||||||||||||||||||
(1) For the period September 16, 2009 to December 31, 2012. |
102
SPDR Wells Fargo Preferred Stock ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
103
SPDR Wells Fargo Preferred Stock ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
PNC FINANCIAL SERVICES | BARCLAYS BANK PLC | HSBC HOLDINGS | CREDIT SUISSE | METLIFE, INC. | ||||||
DESCRIPTION | GROUP, INC., 6.13% | SERIES 5, 8.13% | PLC, 8.00% | GUERNSEY, 7.90% | SERIES B, 6.50% | |||||
MARKET VALUE | $7,197,977 | 7,185,221 | 6,907,473 | 6,697,120 | 6,548,575 | |||||
% OF NET ASSETS | 2.2 | 2.2 | 2.2 | 2.1 | 2.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Commercial Banks | 27.6 | % | ||||
Diversified Financial Services | 22.6 | |||||
Insurance | 18.8 | |||||
Real Estate Investment Trusts | 11.0 | |||||
Electric Utilities | 5.6 | |||||
Capital Markets | 4.8 | |||||
Diversified Telecommunication Services | 3.5 | |||||
Multi-Utilities | 2.0 | |||||
Machinery | 1.1 | |||||
Automobiles | 0.8 | |||||
Wireless Telecommunication Services | 0.5 | |||||
Consumer Finance | 0.5 | |||||
Independent Power Producers & Energy Traders | 0.5 | |||||
Media | 0.4 | |||||
Short Term Investments | 8.7 | |||||
Other Assets & Liabilities | (8.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
104
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AEROSPACE & DEFENSE — 2.2% | ||||||||
BE Aerospace, Inc. (a) | 5,497 | $ | 271,552 | |||||
Engility Holdings, Inc. (a)(b) | 658 | 12,673 | ||||||
Exelis, Inc. | 6,381 | 71,914 | ||||||
General Dynamics Corp. | 8,590 | 595,029 | ||||||
Honeywell International, Inc. | 19,025 | 1,207,517 | ||||||
Huntington Ingalls Industries, Inc. | 1,619 | 70,167 | ||||||
L-3 Communications Holdings, Inc. | 3,950 | 302,649 | ||||||
Lockheed Martin Corp. | 8,887 | 820,181 | ||||||
National Presto Industries, Inc. (b) | 1,284 | 88,724 | ||||||
Northrop Grumman Corp. | 9,716 | 656,607 | ||||||
Precision Castparts Corp. | 3,464 | 656,151 | ||||||
Raytheon Co. | 12,527 | 721,054 | ||||||
Rockwell Collins, Inc. | 6,227 | 362,225 | ||||||
Textron, Inc. | 7,848 | 194,552 | ||||||
The Boeing Co. | 18,522 | 1,395,818 | ||||||
United Technologies Corp. | 23,787 | 1,950,772 | ||||||
9,377,585 | ||||||||
AIR FREIGHT & LOGISTICS — 0.7% | ||||||||
C.H. Robinson Worldwide, Inc. | 4,524 | 286,007 | ||||||
Expeditors International of Washington, Inc. | 6,630 | 262,216 | ||||||
FedEx Corp. | 8,169 | 749,261 | ||||||
Forward Air Corp. (b) | 6,059 | 212,126 | ||||||
United Parcel Service, Inc. (Class B) | 20,715 | 1,527,317 | ||||||
UTI Worldwide, Inc. | 6,568 | 88,011 | ||||||
3,124,938 | ||||||||
AIRLINES — 0.2% | ||||||||
Delta Air Lines, Inc. (a) | 17,465 | 207,310 | ||||||
JetBlue Airways Corp. (a)(b) | 9,536 | 54,451 | ||||||
Republic Airways Holdings, Inc. (a)(b) | 36,056 | 204,798 | ||||||
Southwest Airlines Co. | 20,634 | 211,292 | ||||||
United Continental Holdings, Inc. (a)(b) | 8,911 | 208,339 | ||||||
US Airways Group, Inc. (a)(b) | 5,266 | 71,091 | ||||||
957,281 | ||||||||
AUTO COMPONENTS — 0.3% | ||||||||
American Axle & Manufacturing Holdings, Inc. (a)(b) | 1,380 | 15,456 | ||||||
BorgWarner, Inc. (a) | 2,677 | 191,727 | ||||||
Gentex Corp. (b) | 9,641 | 181,443 | ||||||
Johnson Controls, Inc. | 18,853 | 578,787 | ||||||
Modine Manufacturing Co. (a) | 12,799 | 104,056 | ||||||
The Goodyear Tire & Rubber Co. (a) | 9,463 | 130,684 | ||||||
1,202,153 | ||||||||
AUTOMOBILES — 0.4% | ||||||||
Ford Motor Co. | 88,139 | 1,141,400 | ||||||
Harley-Davidson, Inc. | 8,493 | 414,798 | ||||||
Thor Industries, Inc. | 981 | 36,719 | ||||||
1,592,917 | ||||||||
BEVERAGES — 2.0% | ||||||||
Beam, Inc. | 4,276 | 261,221 | ||||||
Central European Distribution Corp. (a)(b) | 1,473 | 3,196 | ||||||
Coca-Cola Enterprises, Inc. | 10,773 | 341,827 | ||||||
Constellation Brands, Inc. (Class A) (a) | 7,692 | 272,220 | ||||||
Dr. Pepper Snapple Group, Inc. | 7,204 | 318,273 | ||||||
Molson Coors Brewing Co. (Class B) | 4,037 | 172,743 | ||||||
Monster Beverage Corp. (a) | 4,530 | 239,546 | ||||||
PepsiCo, Inc. | 42,551 | 2,911,765 | ||||||
The Coca-Cola Co. | 112,359 | 4,073,014 | ||||||
8,593,805 | ||||||||
BIOTECHNOLOGY — 2.2% | ||||||||
Acorda Therapeutics, Inc. (a) | 2,433 | 60,484 | ||||||
Alexion Pharmaceuticals, Inc. (a) | 4,612 | 432,652 | ||||||
Alkermes PLC (a) | 4,528 | 83,858 | ||||||
Alnylam Pharmaceuticals, Inc. (a) | 2,088 | 38,106 | ||||||
AMAG Pharmaceuticals, Inc. (a) | 568 | 8,355 | ||||||
Amgen, Inc. | 29,027 | 2,505,611 | ||||||
Biogen Idec, Inc. (a) | 8,346 | 1,224,108 | ||||||
BioMarin Pharmaceutical, Inc. (a) | 3,640 | 179,270 | ||||||
Celgene Corp. (a) | 13,282 | 1,045,559 | ||||||
Chelsea Therapeutics International, Ltd. (a)(b) | 12,876 | 9,786 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 2,443 | 102,753 | ||||||
Dendreon Corp. (a)(b) | 7,531 | 39,764 | ||||||
Gilead Sciences, Inc. (a) | 25,737 | 1,890,383 | ||||||
Incyte Corp. (a)(b) | 2,760 | 45,844 | ||||||
InterMune, Inc. (a)(b) | 1,117 | 10,824 | ||||||
Isis Pharmaceuticals, Inc. (a)(b) | 4,355 | 45,553 | ||||||
Medivation, Inc. (a) | 11,020 | 563,783 | ||||||
Myriad Genetics, Inc. (a) | 2,661 | 72,512 | ||||||
Neurocrine Biosciences, Inc. (a)(b) | 3,714 | 27,781 | ||||||
Novavax, Inc. (a)(b) | 6,800 | 12,852 | ||||||
Onyx Pharmaceuticals, Inc. (a)(b) | 2,169 | 163,825 | ||||||
PDL BioPharma, Inc. (b) | 6,723 | 47,397 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 1,708 | 292,187 | ||||||
Rigel Pharmaceuticals, Inc. (a)(b) | 16,100 | 104,650 | ||||||
Sarepta Therapeutics, Inc. (a) | 3,493 | 90,119 | ||||||
SIGA Technologies, Inc. (a) | 14,177 | 37,144 | ||||||
Spectrum Pharmaceuticals, Inc. (b) | 5,901 | 66,032 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 4,464 | 187,220 | ||||||
9,388,412 | ||||||||
BUILDING PRODUCTS — 0.2% | ||||||||
Builders FirstSource, Inc. (a)(b) | 48,639 | 271,406 | ||||||
Fortune Brands Home & Security, Inc. (a) | 4,276 | 124,945 | ||||||
Masco Corp. | 11,258 | 187,558 | ||||||
Quanex Building Products Corp. (b) | 1,060 | 21,634 | ||||||
Simpson Manufacturing Co., Inc. (b) | 2,671 | 87,582 | ||||||
USG Corp. (a)(b) | 10,425 | 292,630 | ||||||
985,755 | ||||||||
CAPITAL MARKETS — 1.8% | ||||||||
Affiliated Managers Group, Inc. (a) | 1,282 | 166,852 | ||||||
Ameriprise Financial, Inc. | 6,974 | 436,782 | ||||||
BlackRock, Inc. | 1,066 | 220,353 | ||||||
Diamond Hill Investment Group, Inc. (b) | 238 | 16,151 | ||||||
E*TRADE Financial Corp. (a) | 5,757 | 51,525 | ||||||
Eaton Vance Corp. (b) | 3,632 | 115,679 | ||||||
Federated Investors, Inc. (Class B) (b) | 1,698 | 34,351 |
See accompanying notes to financial statements.
105
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Franklin Resources, Inc. | 4,221 | $ | 530,580 | |||||
Intl. FCStone, Inc. (a)(b) | 5,016 | 87,329 | ||||||
Invesco, Ltd. | 12,302 | 320,959 | ||||||
Janus Capital Group, Inc. (b) | 10,429 | 88,855 | ||||||
Jefferies Group, Inc. | 4,050 | 75,208 | ||||||
KBW, Inc. | 1,464 | 22,399 | ||||||
Knight Capital Group, Inc. (Class A) (a) | 1,308 | 4,591 | ||||||
Legg Mason, Inc. | 6,140 | 157,921 | ||||||
Medallion Financial Corp. | 1,858 | 21,813 | ||||||
Morgan Stanley | 33,246 | 635,664 | ||||||
Northern Trust Corp. | 6,543 | 328,197 | ||||||
Raymond James Financial, Inc. | 3,090 | 119,058 | ||||||
SEI Investments Co. | 9,883 | 230,669 | ||||||
State Street Corp. (c) | 13,932 | 654,943 | ||||||
T. Rowe Price Group, Inc. | 7,366 | 479,748 | ||||||
TD Ameritrade Holding Corp. | 7,526 | 126,512 | ||||||
The Bank of New York Mellon Corp. | 31,632 | 812,942 | ||||||
The Charles Schwab Corp. (b) | 27,606 | 396,422 | ||||||
The Goldman Sachs Group, Inc. | 12,056 | 1,537,863 | ||||||
Waddell & Reed Financial, Inc. (Class A) (b) | 5,514 | 191,997 | ||||||
Walter Investment Management Corp. (a) | 803 | 34,545 | ||||||
7,899,908 | ||||||||
CHEMICALS — 2.2% | ||||||||
Air Products & Chemicals, Inc. | 5,355 | 449,927 | ||||||
Airgas, Inc. | 2,437 | 222,474 | ||||||
Ashland, Inc. | 3,062 | 246,215 | ||||||
Cabot Corp. | 3,492 | 138,947 | ||||||
Calgon Carbon Corp. (a) | 3,005 | 42,611 | ||||||
Celanese Corp. (Series A) | 5,112 | 227,637 | ||||||
CF Industries Holdings, Inc. | 2,098 | 426,230 | ||||||
E. I. du Pont de Nemours & Co. | 25,301 | 1,137,786 | ||||||
Eastman Chemical Co. | 7,133 | 485,401 | ||||||
Ecolab, Inc. | 11,157 | 802,188 | ||||||
FMC Corp. | 4,216 | 246,720 | ||||||
Monsanto Co. | 15,786 | 1,494,145 | ||||||
PPG Industries, Inc. | 5,495 | 743,748 | ||||||
Praxair, Inc. | 9,543 | 1,044,481 | ||||||
Sigma-Aldrich Corp. (b) | 2,988 | 219,857 | ||||||
Stepan Co. | 3,086 | 171,397 | ||||||
The Dow Chemical Co. | 29,291 | 946,685 | ||||||
The Mosaic Co. | 5,024 | 284,509 | ||||||
The Sherwin-Williams Co. | 2,253 | 346,557 | ||||||
9,677,515 | ||||||||
COMMERCIAL BANKS — 3.2% | ||||||||
Bank of Hawaii Corp. | 1,447 | 63,740 | ||||||
Banner Corp. | 7,327 | 225,159 | ||||||
BB&T Corp. | 18,300 | 532,713 | ||||||
BBCN Bancorp, Inc. | 16,679 | 192,976 | ||||||
CapitalSource, Inc. | 3,070 | 23,271 | ||||||
Cathay General Bancorp | 2,016 | 39,312 | ||||||
Centerstate Banks, Inc. | 11,633 | 99,229 | ||||||
CIT Group, Inc. (a) | 5,583 | 215,727 | ||||||
Columbia Banking System, Inc. (b) | 7,847 | 140,775 | ||||||
Comerica, Inc. | 4,057 | 123,089 | ||||||
CVB Financial Corp. | 12,305 | 127,972 | ||||||
East West Bancorp, Inc. | 3,560 | 76,504 | ||||||
F.N.B. Corp. (b) | 11,154 | 118,455 | ||||||
Fifth Third Bancorp | 21,431 | 325,537 | ||||||
First Bancorp (b) | 10,586 | 135,713 | ||||||
First Commonwealth Financial Corp. (b) | 39,274 | 267,849 | ||||||
First Financial Bancorp | 12,532 | 183,218 | ||||||
First Horizon National Corp. (b) | 6,956 | 68,934 | ||||||
First Merchants Corp. | 8,817 | 130,844 | ||||||
First Niagara Financial Group, Inc. | 15,958 | 126,547 | ||||||
Huntington Bancshares, Inc. | 13,906 | 88,859 | ||||||
Independent Bank Corp.-Massachusetts (b) | 5,669 | 164,118 | ||||||
International Bancshares Corp. | 10,977 | 198,135 | ||||||
Keycorp | 14,390 | 121,164 | ||||||
M&T Bank Corp. | 2,356 | 231,995 | ||||||
MB Financial, Inc. | 12,532 | 247,507 | ||||||
National Penn Bancshares, Inc. (b) | 12,135 | 113,098 | ||||||
Old National Bancorp | 2,349 | 27,883 | ||||||
PacWest Bancorp | 3,306 | 81,923 | ||||||
PNC Financial Services Group, Inc. | 16,363 | 954,127 | ||||||
Popular, Inc. (a) | 17,963 | 373,451 | ||||||
Regions Financial Corp. | 25,156 | 179,111 | ||||||
Sandy Spring Bancorp, Inc. | 9,436 | 183,247 | ||||||
Simmons First National Corp. (b) | 5,904 | 149,725 | ||||||
SunTrust Banks, Inc. | 14,085 | 399,310 | ||||||
Susquehanna Bancshares, Inc. | 10,602 | 111,109 | ||||||
Trustmark Corp. (b) | 2,253 | 50,602 | ||||||
U.S. Bancorp | 48,197 | 1,539,412 | ||||||
Umpqua Holdings Corp. | 9,387 | 110,673 | ||||||
United Bankshares, Inc. (b) | 1,715 | 41,709 | ||||||
United Community Banks, Inc. (a)(b) | 5,998 | 56,501 | ||||||
Wells Fargo & Co. | 136,052 | 4,650,257 | ||||||
Western Alliance Bancorp (a)(b) | 15,039 | 158,361 | ||||||
Wilshire Bancorp, Inc. (a) | 27,862 | 163,550 | ||||||
Zions Bancorporation | 5,823 | 124,612 | ||||||
13,738,003 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.6% | ||||||||
ACCO Brands Corp. (a) | 1,222 | 8,969 | ||||||
Avery Dennison Corp. | 4,382 | 153,019 | ||||||
Cintas Corp. | 6,054 | 247,609 | ||||||
Courier Corp. | 5,193 | 57,123 | ||||||
Covanta Holding Corp. | 4,286 | 78,948 | ||||||
Ennis, Inc. | 9,723 | 150,415 | ||||||
Herman Miller, Inc. (b) | 5,667 | 121,387 | ||||||
Iron Mountain, Inc. | 8,453 | 262,466 | ||||||
Pitney Bowes, Inc. (b) | 7,277 | 77,427 | ||||||
R.R. Donnelley & Sons Co. (b) | 9,218 | 82,962 | ||||||
Republic Services, Inc. | 7,847 | 230,153 | ||||||
Stericycle, Inc. (a) | 2,088 | 194,748 | ||||||
The ADT Corp. | 3,158 | 146,815 | ||||||
Tyco International, Ltd. | 6,317 | 184,772 | ||||||
Waste Connections, Inc. (b) | 4,144 | 140,026 | ||||||
Waste Management, Inc. | 13,686 | 461,766 | ||||||
2,598,605 | ||||||||
COMMUNICATIONS EQUIPMENT — 2.0% | ||||||||
Arris Group, Inc. (a) | 7,378 | 110,227 |
See accompanying notes to financial statements.
106
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Brocade Communications Systems, Inc. (a) | 7,842 | $ | 41,798 | |||||
Ciena Corp. (a)(b) | 8,662 | 135,993 | ||||||
Cisco Systems, Inc. | 161,443 | 3,172,355 | ||||||
Comtech Telecommunications Corp. | 1,473 | 37,385 | ||||||
EchoStar Corp. (Class A) (a) | 1,783 | 61,014 | ||||||
Emulex Corp. (a) | 1,055 | 7,701 | ||||||
F5 Networks, Inc. (a) | 2,825 | 274,449 | ||||||
Finisar Corp. (a)(b) | 6,946 | 113,220 | ||||||
Harmonic, Inc. (a) | 4,124 | 20,909 | ||||||
Harris Corp. | 5,247 | 256,893 | ||||||
InterDigital, Inc. (b) | 2,198 | 90,338 | ||||||
JDS Uniphase Corp. (a) | 10,030 | 135,806 | ||||||
Juniper Networks, Inc. (a) | 16,740 | 329,276 | ||||||
Motorola Solutions, Inc. | 9,070 | 505,018 | ||||||
Plantronics, Inc. | 1,447 | 53,351 | ||||||
Polycom, Inc. (a) | 6,708 | 70,166 | ||||||
QUALCOMM, Inc. | 46,275 | 2,869,975 | ||||||
Riverbed Technology, Inc. (a) | 5,414 | 106,764 | ||||||
Tellabs, Inc. | 18,367 | 41,877 | ||||||
8,434,515 | ||||||||
COMPUTERS & PERIPHERALS — 4.2% | ||||||||
Apple, Inc. | 24,864 | 13,253,258 | ||||||
Avid Technology, Inc. (a) | 2,417 | 18,321 | ||||||
Dell, Inc. | 49,846 | 504,940 | ||||||
EMC Corp. (a) | 56,855 | 1,438,431 | ||||||
Hewlett-Packard Co. | 67,703 | 964,768 | ||||||
Lexmark International, Inc. (Class A) | 3,061 | 70,985 | ||||||
NCR Corp. (a) | 6,713 | 171,047 | ||||||
NetApp, Inc. (a) | 12,465 | 418,201 | ||||||
Novatel Wireless, Inc. (a)(b) | 8,550 | 11,457 | ||||||
QLogic Corp. (a) | 8,348 | 81,226 | ||||||
SanDisk Corp. (a) | 9,712 | 423,055 | ||||||
Seagate Technology PLC | 14,576 | 444,276 | ||||||
Western Digital Corp. | 8,344 | 354,536 | ||||||
18,154,501 | ||||||||
CONSTRUCTION & ENGINEERING — 0.3% | ||||||||
Aecom Technology Corp. (a) | 2,439 | 58,048 | ||||||
EMCOR Group, Inc. | 2,362 | 81,749 | ||||||
Fluor Corp. | 5,502 | 323,187 | ||||||
Jacobs Engineering Group, Inc. (a) | 3,634 | 154,699 | ||||||
KBR, Inc. | 4,466 | 133,623 | ||||||
Quanta Services, Inc. (a) | 5,347 | 145,920 | ||||||
The Shaw Group, Inc. (a) | 2,588 | 120,627 | ||||||
URS Corp. | 2,281 | 89,552 | ||||||
1,107,405 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Eagle Materials, Inc. | 2,362 | 138,177 | ||||||
Martin Marietta Materials, Inc. (b) | 1,700 | 160,276 | ||||||
Vulcan Materials Co. | 3,562 | 185,402 | ||||||
483,855 | ||||||||
CONSUMER FINANCE — 0.8% | ||||||||
American Express Co. | 30,478 | 1,751,875 | ||||||
Capital One Financial Corp. | 13,183 | 763,691 | ||||||
Discover Financial Services | 13,125 | 505,969 | ||||||
SLM Corp. | 14,469 | 247,854 | ||||||
3,269,389 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Crown Holdings, Inc. (a) | 7,459 | 274,566 | ||||||
Owens-Illinois, Inc. (a) | 6,154 | 130,895 | ||||||
Sealed Air Corp. (b) | 8,349 | 146,191 | ||||||
551,652 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. | 3,060 | 194,555 | ||||||
LKQ Corp. (a) | 10,386 | 219,144 | ||||||
Pool Corp. | 5,340 | 225,989 | ||||||
639,688 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
Apollo Group, Inc. (Class A) (a) | 4,279 | 89,517 | ||||||
Ascent Media Corp. (Class A) (a) | 786 | 48,685 | ||||||
Capella Education Co. (a) | 1,308 | 36,925 | ||||||
Career Education Corp. (a)(b) | 4,691 | 16,512 | ||||||
Corinthian Colleges, Inc. (a)(b) | 3,576 | 8,725 | ||||||
DeVry, Inc. (b) | 1,847 | 43,829 | ||||||
H&R Block, Inc. | 9,137 | 169,674 | ||||||
ITT Educational Services, Inc. (a) | 1,463 | 25,325 | ||||||
Service Corp. International | 19,487 | 269,115 | ||||||
Sotheby’s (b) | 1,954 | 65,694 | ||||||
Strayer Education, Inc. (b) | 500 | 28,085 | ||||||
802,086 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 2.9% | ||||||||
Bank of America Corp. | 279,630 | 3,243,708 | ||||||
Citigroup, Inc. | 64,108 | 2,536,112 | ||||||
CME Group, Inc. | 9,700 | 491,887 | ||||||
IntercontinentalExchange, Inc. (a) | 2,349 | 290,830 | ||||||
JPMorgan Chase & Co. | 111,750 | 4,913,647 | ||||||
Leucadia National Corp. | 7,200 | 171,288 | ||||||
Moody’s Corp. | 6,869 | 345,648 | ||||||
MSCI, Inc. (Class A) (a) | 3,005 | 93,125 | ||||||
NYSE Euronext | 9,383 | 295,940 | ||||||
PHH Corp. (a) | 1,941 | 44,158 | ||||||
The NASDAQ OMX Group, Inc. | 5,663 | 141,632 | ||||||
12,567,975 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.4% | ||||||||
AT&T, Inc. | 163,082 | 5,497,494 | ||||||
CenturyLink, Inc. | 16,669 | 652,091 | ||||||
Cogent Communications Group, Inc. (b) | 5,016 | 113,562 | ||||||
Consolidated Communications Holdings, Inc. (b) | 7,168 | 114,115 | ||||||
Frontier Communications Corp. (b) | 35,701 | 152,800 | ||||||
Level 3 Communications, Inc. (a)(b) | 1,686 | 38,964 | ||||||
tw telecom, Inc. (a) | 6,706 | 170,802 | ||||||
Verizon Communications, Inc. | 77,168 | 3,339,060 | ||||||
Windstream Corp. (b) | 14,987 | 124,092 | ||||||
10,202,980 | ||||||||
ELECTRIC UTILITIES — 1.7% | ||||||||
American Electric Power Co., Inc. | 11,880 | 507,038 | ||||||
Duke Energy Corp. | 15,922 | 1,015,824 | ||||||
Edison International | 9,638 | 435,541 | ||||||
Entergy Corp. | 5,180 | 330,225 |
See accompanying notes to financial statements.
107
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Exelon Corp. | 23,725 | $ | 705,582 | |||||
FirstEnergy Corp. | 13,367 | 558,206 | ||||||
Hawaiian Electric Industries, Inc. | 400 | 10,056 | ||||||
MGE Energy, Inc. (b) | 5,598 | 285,218 | ||||||
NextEra Energy, Inc. | 10,280 | 711,273 | ||||||
Northeast Utilities | 4,144 | 161,948 | ||||||
Pepco Holdings, Inc. (b) | 11,975 | 234,830 | ||||||
Pinnacle West Capital Corp. | 3,240 | 165,175 | ||||||
PNM Resources, Inc. (b) | 8,017 | 164,429 | ||||||
PPL Corp. | 11,641 | 333,282 | ||||||
The Southern Co. | 22,569 | 966,179 | ||||||
Unitil Corp. | 11,083 | 287,271 | ||||||
Xcel Energy, Inc. | 15,764 | 421,056 | ||||||
7,293,133 | ||||||||
ELECTRICAL EQUIPMENT — 0.8% | ||||||||
Capstone Turbine Corp. (a)(b) | 38,203 | 34,001 | ||||||
Eaton Corp. PLC | 11,535 | 625,197 | ||||||
Emerson Electric Co. | 21,685 | 1,148,438 | ||||||
General Cable Corp. (a) | 3,010 | 91,534 | ||||||
GrafTech International, Ltd. (a)(b) | 4,922 | 46,217 | ||||||
Hubbell, Inc. (Class B) | 3,808 | 322,271 | ||||||
Rockwell Automation, Inc. | 5,109 | 429,105 | ||||||
Roper Industries, Inc. | 4,303 | 479,698 | ||||||
The Babcock & Wilcox Co. | 4,143 | 108,547 | ||||||
3,285,008 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.8% | ||||||||
Amphenol Corp. (Class A) | 6,800 | 439,960 | ||||||
Arrow Electronics, Inc. (a) | 6,550 | 249,424 | ||||||
Avnet, Inc. (a) | 7,526 | 230,371 | ||||||
Benchmark Electronics, Inc. (a) | 5,515 | 91,659 | ||||||
Corning, Inc. | 43,058 | 543,392 | ||||||
Dolby Laboratories, Inc. (Class A) (b) | 2,008 | 58,895 | ||||||
FEI Co. (b) | 3,899 | 216,238 | ||||||
FLIR Systems, Inc. | 4,779 | 106,619 | ||||||
Itron, Inc. (a) | 1,227 | 54,663 | ||||||
Jabil Circuit, Inc. | 7,373 | 142,225 | ||||||
Molex, Inc. | 7,033 | 192,212 | ||||||
National Instruments Corp. | 4,132 | 106,647 | ||||||
Power-One, Inc. (a)(b) | 2,360 | 9,700 | ||||||
Sanmina Corp. (a) | 4,460 | 49,372 | ||||||
TE Connectivity, Ltd. | 6,705 | 248,890 | ||||||
Tech Data Corp. (a) | 4,764 | 216,905 | ||||||
Trimble Navigation, Ltd. (a) | 6,702 | 400,646 | ||||||
Vishay Intertechnology, Inc. (a)(b) | 10,507 | 111,689 | ||||||
Vishay Precision Group, Inc. (a)(b) | 738 | 9,756 | ||||||
3,479,263 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.9% | ||||||||
Baker Hughes, Inc. | 13,846 | 565,471 | ||||||
Basic Energy Services, Inc. (a)(b) | 11,827 | 134,946 | ||||||
Cameron International Corp. (a) | 7,192 | 406,060 | ||||||
Diamond Offshore Drilling, Inc. | 1,447 | 98,338 | ||||||
Dresser-Rand Group, Inc. (a) | 734 | 41,207 | ||||||
Exterran Holdings, Inc. (a)(b) | 3,558 | 77,991 | ||||||
FMC Technologies, Inc. (a) | 7,539 | 322,895 | ||||||
Halliburton Co. | 27,201 | 943,603 | ||||||
Helix Energy Solutions Group, Inc. (a) | 2,036 | 42,023 | ||||||
Helmerich & Payne, Inc. | 3,708 | 207,685 | ||||||
ION Geophysical Corp. (a)(b) | 34,302 | 223,306 | ||||||
McDermott International, Inc. (a) | 8,333 | 91,830 | ||||||
Nabors Industries, Ltd. (a) | 10,357 | 149,659 | ||||||
National Oilwell Varco, Inc. | 13,442 | 918,761 | ||||||
Noble Corp. | 3,476 | 121,034 | ||||||
Oceaneering International, Inc. | 1,222 | 65,732 | ||||||
Patterson-UTI Energy, Inc. (b) | 8,491 | 158,187 | ||||||
Rowan Cos. PLC (a) | 6,805 | 212,792 | ||||||
Schlumberger, Ltd. | 39,848 | 2,761,068 | ||||||
Superior Energy Services, Inc. (a) | 8,349 | 172,991 | ||||||
TGC Industries, Inc. (b) | 11,251 | 92,146 | ||||||
Tidewater, Inc. | 2,038 | 91,058 | ||||||
Weatherford International, Ltd. (a) | 11,986 | 134,123 | ||||||
8,032,906 | ||||||||
FOOD & STAPLES RETAILING — 2.2% | ||||||||
Costco Wholesale Corp. | 12,461 | 1,230,773 | ||||||
CVS Caremark Corp. | 41,570 | 2,009,910 | ||||||
Safeway, Inc. (b) | 13,336 | 241,248 | ||||||
SUPERVALU, Inc. (b) | 7,529 | 18,597 | ||||||
Sysco Corp. | 18,118 | 573,616 | ||||||
The Kroger Co. | 16,658 | 433,441 | ||||||
Wal-Mart Stores, Inc. | 52,187 | 3,560,719 | ||||||
Walgreen Co. | 26,124 | 966,849 | ||||||
Whole Foods Market, Inc. | 4,143 | 378,380 | ||||||
9,413,533 | ||||||||
FOOD PRODUCTS — 1.6% | ||||||||
Archer-Daniels-Midland Co. | 16,838 | 461,193 | ||||||
Bunge, Ltd. | 4,133 | 300,428 | ||||||
Campbell Soup Co. (b) | 9,236 | 322,244 | ||||||
ConAgra Foods, Inc. | 16,681 | 492,090 | ||||||
Dean Foods Co. (a) | 6,559 | 108,289 | ||||||
Flowers Foods, Inc. | 9,130 | 212,455 | ||||||
General Mills, Inc. | 20,082 | 811,514 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 2,440 | 100,918 | ||||||
H.J. Heinz Co. | 8,726 | 503,316 | ||||||
Kellogg Co. | 5,987 | 334,374 | ||||||
Kraft Foods Group, Inc. | 13,453 | 611,708 | ||||||
McCormick & Co., Inc. | 3,231 | 205,265 | ||||||
Mead Johnson Nutrition Co. | 5,583 | 367,864 | ||||||
Mondelez International, Inc. (Class A) | 40,360 | 1,027,969 | ||||||
Sanderson Farms, Inc. | 330 | 15,692 | ||||||
Smithfield Foods, Inc. (a) | 4,618 | 99,610 | ||||||
The Hershey Co. | 5,083 | 367,094 | ||||||
The J.M. Smucker Co. | 2,847 | 245,525 | ||||||
TreeHouse Foods, Inc. (a)(b) | 2,686 | 140,021 | ||||||
Tyson Foods, Inc. (Class A) | 10,827 | 210,044 | ||||||
6,937,613 | ||||||||
GAS UTILITIES — 0.0% (d) | ||||||||
Delta Natural Gas Co., Inc. (b) | 4,375 | 85,531 | ||||||
Gas Natural, Inc. (b) | 2,981 | 27,813 | ||||||
Questar Corp. | 4,297 | 84,909 | ||||||
198,253 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.8% | ||||||||
ABIOMED, Inc. (a)(b) | 3,394 | 45,683 | ||||||
Alere, Inc. (a) | 3,232 | 59,792 |
See accompanying notes to financial statements.
108
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Baxter International, Inc. | 17,237 | $ | 1,149,018 | |||||
Becton, Dickinson and Co. | 7,050 | 551,239 | ||||||
Boston Scientific Corp. (a) | 39,882 | 228,524 | ||||||
C.R. Bard, Inc. | 3,712 | 362,811 | ||||||
CareFusion Corp. (a) | 5,494 | 157,019 | ||||||
Covidien PLC | 7,698 | 444,482 | ||||||
DENTSPLY International, Inc. | 3,473 | 137,566 | ||||||
Edwards Lifesciences Corp. (a) | 5,651 | 509,551 | ||||||
Hologic, Inc. (a) | 10,185 | 204,006 | ||||||
Intuitive Surgical, Inc. (a) | 973 | 477,130 | ||||||
MAKO Surgical Corp. (a)(b) | 1,144 | 14,723 | ||||||
Masimo Corp. (b) | 2,265 | 47,588 | ||||||
Medtronic, Inc. | 32,365 | 1,327,612 | ||||||
NuVasive, Inc. (a) | 1,634 | 25,262 | ||||||
ResMed, Inc. (b) | 4,542 | 188,811 | ||||||
St. Jude Medical, Inc. | 10,129 | 366,062 | ||||||
Stryker Corp. | 7,925 | 434,448 | ||||||
Thoratec Corp. (a)(b) | 2,012 | 75,490 | ||||||
Varian Medical Systems, Inc. (a)(b) | 4,603 | 323,315 | ||||||
Vascular Solutions, Inc. (a) | 2,096 | 33,117 | ||||||
Zimmer Holdings, Inc. | 6,306 | 420,358 | ||||||
7,583,607 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.3% | ||||||||
Aetna, Inc. | 12,550 | 581,065 | ||||||
Amedisys, Inc. (a) | 1,361 | 15,338 | ||||||
AmerisourceBergen Corp. | 7,687 | 331,925 | ||||||
athenahealth, Inc. (a) | 1,308 | 96,073 | ||||||
Cardinal Health, Inc. | 10,989 | 452,527 | ||||||
Cigna Corp. | 9,077 | 485,256 | ||||||
Community Health Systems, Inc. | 1,874 | 57,607 | ||||||
Coventry Health Care, Inc. | 5,412 | 242,620 | ||||||
DaVita, Inc. (a) | 4,049 | 447,536 | ||||||
Express Scripts Holding Co. (a) | 25,335 | 1,368,090 | ||||||
Health Management Associates, Inc. (Class A) (a) | 8,330 | 77,636 | ||||||
Health Net, Inc. (a) | 5,422 | 131,755 | ||||||
HealthSouth Corp. (a) | 5,589 | 117,984 | ||||||
Healthways, Inc. (a) | 724 | 7,747 | ||||||
Henry Schein, Inc. (a) | 4,549 | 366,012 | ||||||
Humana, Inc. | 5,662 | 388,583 | ||||||
Laboratory Corp. of America Holdings (a) | 2,921 | 253,017 | ||||||
McKesson Corp. | 8,893 | 862,265 | ||||||
Omnicare, Inc. (b) | 4,680 | 168,948 | ||||||
Patterson Cos., Inc. | 4,683 | 160,299 | ||||||
PSS World Medical, Inc. (a) | 4,220 | 121,874 | ||||||
Quest Diagnostics, Inc. | 3,801 | 221,484 | ||||||
Tenet Healthcare Corp. (a) | 4,251 | 138,030 | ||||||
UnitedHealth Group, Inc. | 32,919 | 1,785,526 | ||||||
VCA Antech, Inc. (a)(b) | 4,932 | 103,819 | ||||||
WellCare Health Plans, Inc. (a) | 640 | 31,162 | ||||||
WellPoint, Inc. | 14,469 | 881,451 | ||||||
9,895,629 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 2.1% | ||||||||
Biglari Holdings, Inc. (a) | 340 | 132,607 | ||||||
Bob Evans Farms, Inc. (b) | 7,754 | 311,711 | ||||||
Brinker International, Inc. | 4,112 | 127,431 | ||||||
Carnival Corp. | 11,825 | 434,805 | ||||||
Darden Restaurants, Inc. | 5,010 | 225,800 | ||||||
International Game Technology | 11,411 | 161,694 | ||||||
Interval Leisure Group, Inc. (b) | 1,610 | 31,218 | ||||||
Las Vegas Sands Corp. | 13,095 | 604,465 | ||||||
Marriott International, Inc. (Class A) | 11,403 | 424,990 | ||||||
Marriott Vacations Worldwide Corp. (a) | 1,364 | 56,838 | ||||||
McDonald’s Corp. | 27,485 | 2,424,452 | ||||||
MGM Resorts International (a) | 7,767 | 90,408 | ||||||
Panera Bread Co. (Class A) (a) | 1,290 | 204,891 | ||||||
Penn National Gaming, Inc. (a)(b) | 3,724 | 182,885 | ||||||
Royal Caribbean Cruises, Ltd. | 3,487 | 118,558 | ||||||
Ryman Hospitality Properties | 1,157 | 44,498 | ||||||
Scientific Games Corp. (Class A) (a) | 5,670 | 49,159 | ||||||
Starbucks Corp. | 20,782 | 1,114,331 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 6,805 | 390,335 | ||||||
The Cheesecake Factory, Inc. (b) | 5,893 | 192,819 | ||||||
Wyndham Worldwide Corp. | 10,363 | 551,415 | ||||||
Wynn Resorts, Ltd. | 3,408 | 383,366 | ||||||
Yum! Brands, Inc. | 14,977 | 994,473 | ||||||
9,253,149 | ||||||||
HOUSEHOLD DURABLES — 0.6% | ||||||||
American Greetings Corp. (Class A) (b) | 5,974 | 100,901 | ||||||
D.R. Horton, Inc. | 10,130 | 200,371 | ||||||
Garmin, Ltd. (b) | 4,840 | 197,569 | ||||||
Harman International Industries, Inc. | 3,145 | 140,393 | ||||||
KB Home (b) | 5,590 | 88,322 | ||||||
Leggett & Platt, Inc. | 8,162 | 222,170 | ||||||
Lennar Corp. (Class A) (b) | 6,798 | 262,879 | ||||||
Mohawk Industries, Inc. (a) | 1,447 | 130,910 | ||||||
NACCO Industries, Inc. | 1,349 | 81,871 | ||||||
Newell Rubbermaid, Inc. | 11,155 | 248,422 | ||||||
NVR, Inc. (a) | 243 | 223,560 | ||||||
Pulte Group, Inc. (a) | 14,825 | 269,222 | ||||||
The Ryland Group, Inc. (b) | 2,337 | 85,300 | ||||||
Toll Brothers, Inc. (a) | 4,695 | 151,789 | ||||||
Whirlpool Corp. | 2,581 | 262,617 | ||||||
2,666,296 | ||||||||
HOUSEHOLD PRODUCTS — 2.0% | ||||||||
Church & Dwight Co., Inc. | 8,168 | 437,560 | ||||||
Colgate-Palmolive Co. | 13,323 | 1,392,787 | ||||||
Energizer Holdings, Inc. | 2,433 | 194,591 | ||||||
Kimberly-Clark Corp. | 10,268 | 866,927 | ||||||
The Clorox Co. | 3,806 | 278,675 | ||||||
The Procter & Gamble Co. | 77,852 | 5,285,372 | ||||||
8,455,912 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
Calpine Corp. (a) | 9,883 | 179,179 | ||||||
NRG Energy, Inc. | 14,509 | 333,562 | ||||||
The AES Corp. | 20,805 | 222,613 | ||||||
735,354 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.0% | ||||||||
3M Co. | 17,695 | 1,642,981 | ||||||
Danaher Corp. | 12,937 | 723,178 |
See accompanying notes to financial statements.
109
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
General Electric Co. | 295,529 | $ | 6,203,154 | |||||
Raven Industries, Inc. (b) | 5,014 | 132,169 | ||||||
8,701,482 | ||||||||
INSURANCE — 4.0% | ||||||||
ACE, Ltd. | 4,898 | 390,860 | ||||||
Aflac, Inc. | 13,605 | 722,698 | ||||||
American International Group, Inc. (a) | 25,116 | 886,595 | ||||||
Aon PLC | 7,686 | 427,342 | ||||||
Arthur J. Gallagher & Co. | 2,998 | 103,881 | ||||||
Assurant, Inc. | 4,211 | 146,122 | ||||||
Assured Guaranty, Ltd. | 4,360 | 62,043 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | 53,279 | 4,779,126 | ||||||
Cincinnati Financial Corp. (b) | 4,612 | 180,606 | ||||||
Eastern Insurance Holdings, Inc. (b) | 5,520 | 94,282 | ||||||
Everest Re Group, Ltd. | 1,878 | 206,486 | ||||||
Fidelity National Financial, Inc. (Class A) | 7,674 | 180,723 | ||||||
Genworth Financial, Inc. (Class A) (a) | 14,072 | 105,681 | ||||||
Hartford Financial Services Group, Inc. | 12,392 | 278,076 | ||||||
Lincoln National Corp. | 12,461 | 322,740 | ||||||
Loews Corp. | 13,103 | 533,947 | ||||||
Marsh & McLennan Cos., Inc. | 13,354 | 460,312 | ||||||
MBIA, Inc. (a)(b) | 5,738 | 45,043 | ||||||
MetLife, Inc. | 15,950 | 525,393 | ||||||
Old Republic International Corp. | 11,734 | 124,967 | ||||||
PartnerRe, Ltd. | 2,091 | 168,304 | ||||||
Principal Financial Group, Inc. | 11,557 | 329,606 | ||||||
ProAssurance Corp. | 7,100 | 299,549 | ||||||
Protective Life Corp. (b) | 874 | 24,979 | ||||||
Prudential Financial, Inc. | 13,108 | 699,050 | ||||||
Reinsurance Group of America, Inc. | 2,182 | 116,781 | ||||||
RenaissanceRe Holdings, Ltd. | 2,346 | 190,636 | ||||||
Seabright Holdings, Inc. | 9,620 | 106,493 | ||||||
Selective Insurance Group, Inc. | 7,272 | 140,131 | ||||||
Stewart Information Services Corp. (b) | 8,967 | 233,142 | ||||||
The Allstate Corp. | 16,347 | 656,659 | ||||||
The Chubb Corp. | 10,693 | 805,397 | ||||||
The Hanover Insurance Group, Inc. | 3,227 | 125,014 | ||||||
The Phoenix Cos, Inc. (a)(b) | 2,645 | 65,411 | ||||||
The Progressive Corp. | 18,196 | 383,936 | ||||||
The Travelers Cos., Inc. | 17,319 | 1,243,850 | ||||||
Torchmark Corp. | 3,643 | 188,234 | ||||||
Unum Group | 12,772 | 265,913 | ||||||
Validus Holdings, Ltd. | 4,299 | 148,659 | ||||||
W.R. Berkley Corp. | 4,056 | 153,073 | ||||||
XL Group PLC | 9,067 | 227,219 | ||||||
17,148,959 | ||||||||
INTERNET & CATALOG RETAIL — 0.9% | ||||||||
Amazon.com, Inc. (a) | 9,156 | 2,299,438 | ||||||
Expedia, Inc. | 4,709 | 289,368 | ||||||
HSN, Inc. | 1,610 | 88,679 | ||||||
Liberty Interactive Corp. (Class A) (a) | 18,274 | 359,632 | ||||||
Liberty Ventures, (Series A) (a) | 947 | 64,169 | ||||||
Netflix, Inc. (a)(b) | 1,132 | 105,027 | ||||||
Priceline.com, Inc. (a) | 1,065 | 661,578 | ||||||
TripAdvisor, Inc. (a)(b) | 4,709 | 197,589 | ||||||
4,065,480 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.9% | ||||||||
Akamai Technologies, Inc. (a) | 6,226 | 254,706 | ||||||
AOL, Inc. (a) | 3,319 | 98,275 | ||||||
EarthLink, Inc. | 10,912 | 70,491 | ||||||
eBay, Inc. (a) | 28,741 | 1,466,366 | ||||||
Equinix, Inc. (a) | 1,149 | 236,924 | ||||||
Facebook, Inc. (Class A) (a) | 8,676 | 231,042 | ||||||
Google, Inc. (Class A) (a) | 6,478 | 4,595,299 | ||||||
IAC/InterActiveCorp. | 4,199 | 198,613 | ||||||
Internap Network Services Corp. (a) | 13,762 | 95,508 | ||||||
Local Corp. (a)(b) | 19,973 | 40,944 | ||||||
Monster Worldwide, Inc. (a)(b) | 6,079 | 34,164 | ||||||
VeriSign, Inc. (a) | 6,384 | 247,827 | ||||||
WebMD Health Corp. (a) | 799 | 11,458 | ||||||
Yahoo!, Inc. (a) | 32,931 | 655,327 | ||||||
8,236,944 | ||||||||
IT SERVICES — 3.4% | ||||||||
Accenture PLC (Class A) | 10,239 | 680,894 | ||||||
Alliance Data Systems Corp. (a)(b) | 1,866 | 270,122 | ||||||
Automatic Data Processing, Inc. | 15,285 | 871,398 | ||||||
Broadridge Financial Solutions, Inc. | 5,329 | 121,928 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 9,962 | 737,686 | ||||||
Computer Sciences Corp. | 5,676 | 227,324 | ||||||
Fidelity National Information Services, Inc. | 12,882 | 448,422 | ||||||
Fiserv, Inc. (a) | 6,476 | 511,798 | ||||||
International Business Machines Corp. | 32,773 | 6,277,668 | ||||||
Jack Henry & Associates, Inc. | 4,046 | 158,846 | ||||||
Lender Processing Services, Inc. | 3,810 | 93,802 | ||||||
Mastercard, Inc. (Class A) | 2,362 | 1,160,403 | ||||||
Paychex, Inc. | 10,666 | 332,139 | ||||||
SAIC, Inc. | 6,162 | 69,754 | ||||||
Teradata Corp. (a) | 6,703 | 414,849 | ||||||
The Western Union Co. | 18,699 | 254,493 | ||||||
Total System Services, Inc. | 5,988 | 128,263 | ||||||
Unisys Corp. (a)(b) | 2,281 | 39,461 | ||||||
VeriFone Systems, Inc. (a) | 1,066 | 31,639 | ||||||
Visa, Inc. (Class A) | 12,796 | 1,939,618 | ||||||
14,770,507 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Brunswick Corp. | 4,944 | 143,821 | ||||||
Hasbro, Inc. (b) | 6,406 | 229,975 | ||||||
Mattel, Inc. | 14,904 | 545,785 | ||||||
919,581 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.6% | ||||||||
Affymetrix, Inc. (a)(b) | 3,084 | 9,777 | ||||||
Agilent Technologies, Inc. | 12,299 | 503,521 | ||||||
Charles River Laboratories International, Inc. (a) | 1,958 | 73,366 | ||||||
Covance, Inc. (a) | 1,795 | 103,697 | ||||||
Illumina, Inc. (a)(b) | 3,732 | 207,462 | ||||||
Life Technologies Corp. (a) | 6,147 | 301,695 | ||||||
PerkinElmer, Inc. | 6,811 | 216,181 | ||||||
Sequenom, Inc. (a)(b) | 2,412 | 11,385 | ||||||
Techne Corp. | 2,836 | 193,812 | ||||||
Thermo Fisher Scientific, Inc. | 12,931 | 824,739 |
See accompanying notes to financial statements.
110
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Waters Corp. (a) | 3,816 | $ | 332,450 | |||||
2,778,085 | ||||||||
MACHINERY — 2.5% | ||||||||
AGCO Corp. (a) | 2,181 | 107,131 | ||||||
Caterpillar, Inc. | 16,969 | 1,520,083 | ||||||
CLARCOR, Inc. | 2,013 | 96,181 | ||||||
Commercial Vehicle Group, Inc. (a)(b) | 23,882 | 196,071 | ||||||
Crane Co. | 3,887 | 179,890 | ||||||
Cummins, Inc. | 5,027 | 544,675 | ||||||
Deere & Co. | 11,744 | 1,014,916 | ||||||
Donaldson Co., Inc. | 4,454 | 146,269 | ||||||
Dover Corp. | 5,098 | 334,990 | ||||||
Federal Signal Corp. (a) | 11,183 | 85,103 | ||||||
Flowserve Corp. | 1,466 | 215,209 | ||||||
Graco, Inc. | 580 | 29,864 | ||||||
Harsco Corp. | 3,979 | 93,507 | ||||||
Hyster-Yale Materials Handling, Inc. (b) | 2,698 | 131,662 | ||||||
IDEX Corp. | 6,963 | 323,988 | ||||||
Illinois Tool Works, Inc. | 17,391 | 1,057,547 | ||||||
Ingersoll-Rand PLC | 4,292 | 205,844 | ||||||
ITT Corp. | 3,169 | 74,345 | ||||||
John Bean Technologies Corp. | 811 | 14,411 | ||||||
Joy Global, Inc. | 4,119 | 262,710 | ||||||
Lincoln Electric Holdings, Inc. | 3,634 | 176,903 | ||||||
Meritor, Inc. (a) | 37,710 | 178,368 | ||||||
Mueller Water Products, Inc. (Class A) | 57,534 | 322,766 | ||||||
Navistar International Corp. (a)(b) | 2,256 | 49,113 | ||||||
Oshkosh Corp. (a) | 4,385 | 130,015 | ||||||
PACCAR, Inc. | 9,386 | 424,341 | ||||||
Pall Corp. | 6,891 | 415,252 | ||||||
Parker Hannifin Corp. | 5,746 | 488,755 | ||||||
Pentair, Ltd. | 6,211 | 305,271 | ||||||
SPX Corp. | 2,509 | 176,006 | ||||||
Stanley Black & Decker, Inc. | 3,807 | 281,604 | ||||||
Terex Corp. (a) | 4,053 | 113,930 | ||||||
The Manitowoc Co., Inc. (b) | 24,292 | 380,899 | ||||||
Timken Co. | 5,330 | 254,934 | ||||||
WABCO Holdings, Inc. (a) | 2,766 | 180,316 | ||||||
Watts Water Technologies, Inc. (Class A) (b) | 4,679 | 201,150 | ||||||
Xylem, Inc. | 6,381 | 172,925 | ||||||
10,886,944 | ||||||||
MARINE — 0.0% (d) | ||||||||
Genco Shipping & Trading, Ltd. (a)(b) | 800 | 2,792 | ||||||
MEDIA — 4.0% | ||||||||
AMC Networks, Inc. (Class A) (a) | 1,958 | 96,921 | ||||||
Cablevision Systems Corp. (Class A) | 7,940 | 118,624 | ||||||
CBS Corp. | 19,514 | 742,508 | ||||||
Comcast Corp. (Class A) | 77,013 | 2,878,746 | ||||||
DIRECTV (Class A) (a) | 28,071 | 1,408,041 | ||||||
Discovery Communications, Inc. (Series A) (a) | 8,889 | 564,274 | ||||||
DISH Network Corp. (Class A) | 8,969 | 326,472 | ||||||
Gannett Co., Inc. | 11,976 | 215,688 | ||||||
Journal Communications, Inc. (Class A) (a) | 10,427 | 56,410 | ||||||
Lamar Advertising Co. (Class A) (a) | 3,571 | 138,376 | ||||||
Liberty Global, Inc. (Series A) (a) | 11,486 | 723,503 | ||||||
Liberty Media Corp. — Liberty Capital (Class A) (a) | 4,936 | 572,625 | ||||||
Live Nation Entertainment, Inc. (a) | 4,367 | 40,657 | ||||||
News Corp. (Class A) | 63,110 | 1,611,829 | ||||||
Omnicom Group, Inc. | 8,652 | 432,254 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 2,014 | 116,651 | ||||||
Sirius XM Radio, Inc. (b) | 98,873 | 285,743 | ||||||
The Interpublic Group of Cos., Inc. | 16,664 | 183,637 | ||||||
The Madison Square Garden Co. (Class A) (a) | 1,958 | 86,837 | ||||||
The McGraw-Hill Cos., Inc. | 11,004 | 601,589 | ||||||
The New York Times Co. (Class A) (a)(b) | 3,317 | 28,294 | ||||||
The Walt Disney Co. | 50,414 | 2,510,113 | ||||||
Time Warner Cable, Inc. | 8,749 | 850,315 | ||||||
Time Warner, Inc. | 35,888 | 1,716,523 | ||||||
Valassis Communications, Inc. (b) | 400 | 10,312 | ||||||
Viacom, Inc. (Class B) | 15,038 | 793,104 | ||||||
17,110,046 | ||||||||
METALS & MINING — 0.8% | ||||||||
AK Steel Holding Corp. (b) | 7,280 | 33,488 | ||||||
Alcoa, Inc. | 25,166 | 218,441 | ||||||
Allegheny Technologies, Inc. | 2,836 | 86,101 | ||||||
Allied Nevada Gold Corp. (a)(b) | 1,552 | 46,762 | ||||||
Century Aluminum Co. (a) | 2,825 | 24,747 | ||||||
Cliffs Natural Resources, Inc. (b) | 4,540 | 175,062 | ||||||
Coeur d’Alene Mines Corp. (a) | 1,206 | 29,668 | ||||||
Commercial Metals Co. | 4,536 | 67,405 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 25,826 | 883,249 | ||||||
McEwen Mining, Inc. (a) | 81,127 | 310,716 | ||||||
Molycorp, Inc. (a)(b) | 1,308 | 12,347 | ||||||
Newmont Mining Corp. | 13,579 | 630,609 | ||||||
Nucor Corp. | 8,253 | 356,364 | ||||||
Reliance Steel & Aluminum Co. | 1,522 | 94,516 | ||||||
Royal Gold, Inc. | 2,444 | 198,722 | ||||||
Schnitzer Steel Industries, Inc. (Class A) | 1,132 | 34,334 | ||||||
Steel Dynamics, Inc. | 6,137 | 84,261 | ||||||
SunCoke Energy, Inc. (a) | 2,352 | 36,668 | ||||||
United States Steel Corp. (b) | 5,496 | 131,189 | ||||||
Walter Energy, Inc. (b) | 2,187 | 78,470 | ||||||
Worthington Industries, Inc. | 1,624 | 42,208 | ||||||
3,575,327 | ||||||||
MULTI-UTILITIES — 0.9% | ||||||||
Alliant Energy Corp. | 1,220 | 53,570 | ||||||
Ameren Corp. | 5,739 | 176,302 | ||||||
CMS Energy Corp. | 11,314 | 275,835 | ||||||
Consolidated Edison, Inc. | 7,524 | 417,883 | ||||||
Dominion Resources, Inc. | 17,244 | 893,239 | ||||||
DTE Energy Co. | 3,415 | 205,071 | ||||||
NiSource, Inc. | 8,091 | 201,385 | ||||||
PG&E Corp. | 9,875 | 396,777 |
See accompanying notes to financial statements.
111
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Public Service Enterprise Group, Inc. | 12,611 | $ | 385,897 | |||||
Sempra Energy | 6,634 | 470,616 | ||||||
TECO Energy, Inc. (b) | 11,961 | 200,466 | ||||||
Wisconsin Energy Corp. | 5,670 | 208,940 | ||||||
3,885,981 | ||||||||
MULTILINE RETAIL — 0.9% | ||||||||
Big Lots, Inc. (a) | 5,105 | 145,288 | ||||||
Dillard’s, Inc. (Class A) | 1,784 | 149,446 | ||||||
Dollar Tree, Inc. (a) | 11,169 | 453,015 | ||||||
Family Dollar Stores, Inc. | 4,785 | 303,417 | ||||||
J.C. Penney Co., Inc. (b) | 6,558 | 129,258 | ||||||
Kohl’s Corp. (b) | 8,330 | 358,023 | ||||||
Macy’s, Inc. | 14,643 | 571,370 | ||||||
Nordstrom, Inc. | 7,360 | 393,760 | ||||||
Sears Holdings Corp. (a)(b) | 2,362 | 97,692 | ||||||
Target Corp. | 18,030 | 1,066,835 | ||||||
3,668,104 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. | 48,075 | 327,872 | ||||||
Zebra Technologies Corp. (Class A) (a) | 4,225 | 165,958 | ||||||
493,830 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 8.3% | ||||||||
Abraxas Petroleum Corp. (a)(b) | 40,458 | 88,603 | ||||||
Adams Resources & Energy, Inc. | 714 | 25,040 | ||||||
Alpha Natural Resources, Inc. (a)(b) | 10,689 | 104,111 | ||||||
Anadarko Petroleum Corp. | 14,735 | 1,094,958 | ||||||
Apache Corp. | 10,373 | 814,281 | ||||||
Approach Resources, Inc. (a) | 7,594 | 189,926 | ||||||
Arch Coal, Inc. (b) | 5,744 | 42,046 | ||||||
BPZ Resources, Inc. (a)(b) | 27,446 | 86,455 | ||||||
Cabot Oil & Gas Corp. | 4,548 | 226,218 | ||||||
Chesapeake Energy Corp. (b) | 16,751 | 278,402 | ||||||
Chevron Corp. | 55,924 | 6,047,621 | ||||||
Cimarex Energy Co. | 1,698 | 98,026 | ||||||
Clayton Williams Energy, Inc. (a) | 1,058 | 42,320 | ||||||
Cobalt International Energy, Inc. (a) | 4,684 | 115,039 | ||||||
Concho Resources, Inc. (a) | 3,068 | 247,158 | ||||||
ConocoPhillips | 36,902 | 2,139,947 | ||||||
CONSOL Energy, Inc. (b) | 5,814 | 186,629 | ||||||
Contango Oil & Gas Co. | 476 | 20,163 | ||||||
Denbury Resources, Inc. (a) | 11,102 | 179,852 | ||||||
Devon Energy Corp. | 12,298 | 639,988 | ||||||
EOG Resources, Inc. | 7,363 | 889,377 | ||||||
EXCO Resources, Inc. (b) | 6,054 | 40,986 | ||||||
Exxon Mobil Corp. | 133,952 | 11,593,546 | ||||||
Forest Oil Corp. (a)(b) | 3,492 | 23,361 | ||||||
Goodrich Petroleum Corp. (a) | 2,280 | 21,250 | ||||||
Hess Corp. | 8,090 | 428,446 | ||||||
Hollyfrontier Corp. | 8,737 | 406,707 | ||||||
Houston American Energy Corp. (a)(b) | 13,845 | 3,046 | ||||||
Kinder Morgan, Inc. | 9,696 | 342,560 | ||||||
Marathon Oil Corp. | 20,723 | 635,367 | ||||||
Marathon Petroleum Corp. | 10,361 | 652,743 | ||||||
Murphy Oil Corp. | 5,662 | 337,172 | ||||||
Newfield Exploration Co. (a) | 3,808 | 101,978 | ||||||
Noble Energy, Inc. | 5,841 | 594,263 | ||||||
Occidental Petroleum Corp. | 22,889 | 1,753,526 | ||||||
Panhandle Oil & Gas, Inc. (b) | 714 | 20,156 | ||||||
Peabody Energy Corp. | 7,763 | 206,573 | ||||||
Phillips 66 | 18,476 | 981,076 | ||||||
Pioneer Natural Resources Co. | 5,112 | 544,888 | ||||||
Plains Exploration & Production Co. (a) | 6,298 | 295,628 | ||||||
QEP Resources, Inc. | 4,298 | 130,100 | ||||||
Quicksilver Resources, Inc. (a)(b) | 1,378 | 3,941 | ||||||
Range Resources Corp. | 5,918 | 371,828 | ||||||
Rex Energy Corp. (a) | 2,676 | 34,842 | ||||||
SandRidge Energy, Inc. (a)(b) | 16,496 | 104,750 | ||||||
SM Energy Co. | 5,433 | 283,657 | ||||||
Southwestern Energy Co. (a) | 10,674 | 356,618 | ||||||
Spectra Energy Corp. | 17,329 | 474,468 | ||||||
Tesoro Corp. | 6,400 | 281,920 | ||||||
The Williams Cos., Inc. | 17,730 | 580,480 | ||||||
Ultra Petroleum Corp. (a)(b) | 3,900 | 70,707 | ||||||
Valero Energy Corp. | 15,532 | 529,952 | ||||||
WPX Energy, Inc. (a) | 5,911 | 87,956 | ||||||
ZaZa Energy Corp. (a) | 11,637 | 23,856 | ||||||
Zion Oil & Gas, Inc. (a)(b) | 4,629 | 8,193 | ||||||
35,882,700 | ||||||||
PAPER & FOREST PRODUCTS — 0.3% | ||||||||
Domtar Corp. | 501 | 41,844 | ||||||
International Paper Co. | 15,210 | 605,966 | ||||||
Louisiana-Pacific Corp. (a) | 6,948 | 134,235 | ||||||
MeadWestvaco Corp. | 9,457 | 301,395 | ||||||
Weyerhaeuser Co. | 15,222 | 423,476 | ||||||
1,506,916 | ||||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
Avon Products, Inc. | 13,354 | 191,763 | ||||||
Herbalife, Ltd. (b) | 5,266 | 173,462 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 9,959 | 596,146 | ||||||
961,371 | ||||||||
PHARMACEUTICALS — 5.3% | ||||||||
Abbott Laboratories | 40,676 | 2,664,278 | ||||||
Allergan, Inc. | 8,573 | 786,401 | ||||||
Auxilium Pharmaceuticals, Inc. (a) | 1,709 | 31,668 | ||||||
Bristol-Myers Squibb Co. | 51,846 | 1,689,661 | ||||||
Eli Lilly & Co. | 25,882 | 1,276,500 | ||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 3,724 | 97,829 | ||||||
Forest Laboratories, Inc. (a) | 9,807 | 346,383 | ||||||
Hospira, Inc. (a) | 6,217 | 194,219 | ||||||
Johnson & Johnson | 72,996 | 5,117,020 | ||||||
MAP Pharmaceuticals, Inc. (a)(b) | 12,920 | 202,973 | ||||||
Merck & Co., Inc. | 85,022 | 3,480,801 | ||||||
Mylan, Inc. (a) | 10,913 | 299,889 | ||||||
Nektar Therapeutics (a)(b) | 2,172 | 16,095 | ||||||
Perrigo Co. (b) | 3,141 | 326,758 | ||||||
Pfizer, Inc. | 221,909 | 5,565,478 | ||||||
Questcor Pharmaceuticals, Inc. | 2,575 | 68,804 | ||||||
ViroPharma, Inc. (a) | 3,738 | 85,077 | ||||||
VIVUS, Inc. (a)(b) | 7,430 | 99,711 |
See accompanying notes to financial statements.
112
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Watson Pharmaceuticals, Inc. (a) | 4,932 | $ | 424,152 | |||||
22,773,697 | ||||||||
PROFESSIONAL SERVICES — 0.2% | ||||||||
Dun & Bradstreet Corp. (b) | 2,684 | 211,097 | ||||||
Equifax, Inc. | 5,839 | 316,007 | ||||||
IHS, Inc. (Class A) (a) | 1,714 | 164,544 | ||||||
Manpower, Inc. | 2,658 | 112,805 | ||||||
Robert Half International, Inc. | 7,926 | 252,205 | ||||||
1,056,658 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 3.2% | ||||||||
Agree Realty Corp. | 14,356 | 384,597 | ||||||
American Assets Trust, Inc. | 6,557 | 183,137 | ||||||
American Campus Communities, Inc. | 3,333 | 153,751 | ||||||
American Tower Corp. | 12,285 | 949,262 | ||||||
Annaly Capital Management, Inc. (b) | 18,049 | 253,408 | ||||||
Apartment Investment & Management Co. (Class A) | 6,542 | 177,027 | ||||||
Apollo Commercial Real Estate Finance, Inc. (b) | 23,909 | 388,043 | ||||||
Ashford Hospitality Trust, Inc. (b) | 16,177 | 170,020 | ||||||
AvalonBay Communities, Inc. | 2,522 | 341,958 | ||||||
BioMed Realty Trust, Inc. | 5,498 | 106,276 | ||||||
Boston Properties, Inc. | 6,225 | 658,667 | ||||||
BRE Properties, Inc. | 2,095 | 106,489 | ||||||
Camden Property Trust | 1,118 | 76,259 | ||||||
CBL & Associates Properties, Inc. | 4,697 | 99,623 | ||||||
Cedar Realty Trust, Inc. (b) | 4,789 | 25,286 | ||||||
Colonial Properties Trust | 980 | 20,943 | ||||||
Coresite Realty Corp. (b) | 6,845 | 189,333 | ||||||
Corporate Office Properties Trust | 4,540 | 113,409 | ||||||
Cousins Properties, Inc. | 18,895 | 157,773 | ||||||
DDR Corp. | 5,003 | 78,347 | ||||||
Digital Realty Trust, Inc. | 2,117 | 143,723 | ||||||
Duke Realty Corp. | 5,508 | 76,396 | ||||||
Equity Residential | 10,037 | 568,797 | ||||||
Extra Space Storage, Inc. | 4,124 | 150,072 | ||||||
Glimcher Realty Trust | 8,490 | 94,154 | ||||||
HCP, Inc. | 8,673 | 391,846 | ||||||
Health Care REIT, Inc. | 2,903 | 177,925 | ||||||
Home Properties, Inc. | 1,456 | 89,267 | ||||||
Hospitality Properties Trust | 4,467 | 104,617 | ||||||
Host Hotels & Resorts, Inc. | 20,247 | 317,271 | ||||||
Investors Real Estate Trust | 18,691 | 163,172 | ||||||
iStar Financial, Inc. (a)(b) | 39,333 | 320,564 | ||||||
Kimco Realty Corp. | 9,456 | 182,690 | ||||||
LaSalle Hotel Properties (b) | 6,628 | 168,285 | ||||||
Lexington Realty Trust (b) | 4,298 | 44,914 | ||||||
Liberty Property Trust | 3,168 | 113,319 | ||||||
Monmouth Real Estate Investment Corp. | 11,987 | 124,185 | ||||||
National Retail Properties, Inc. | 8,091 | 252,439 | ||||||
Pennsylvania Real Estate Investment Trust | 6,060 | 106,898 | ||||||
Plum Creek Timber Co., Inc. (b) | 6,469 | 287,030 | ||||||
Post Properties, Inc. | 1,060 | 52,947 | ||||||
ProLogis | 8,404 | 306,662 | ||||||
Public Storage | 3,075 | 445,752 | ||||||
Realty Income Corp. (b) | 4,124 | 165,826 | ||||||
Regency Centers Corp. | 890 | 41,937 | ||||||
Retail Opportunity Investments Corp. (b) | 25,549 | 328,560 | ||||||
RLJ Lodging Trust | 7,615 | 147,503 | ||||||
Senior Housing Properties Trust | 3,626 | 85,719 | ||||||
Simon Property Group, Inc. | 7,449 | 1,177,612 | ||||||
SL Green Realty Corp. | 1,946 | 149,161 | ||||||
Strategic Hotels & Resorts, Inc. (a) | 52,748 | 337,587 | ||||||
Sunstone Hotel Investors, Inc. (a) | 1,548 | 16,579 | ||||||
Tanger Factory Outlet Centers, Inc. | 7,518 | 257,116 | ||||||
The Macerich Co. | 5,027 | 293,074 | ||||||
UDR, Inc. | 5,265 | 125,202 | ||||||
Ventas, Inc. | 6,459 | 418,027 | ||||||
Vornado Realty Trust | 8,402 | 672,832 | ||||||
Weingarten Realty Investors (b) | 3,232 | 86,521 | ||||||
13,619,789 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
CBRE Group, Inc. (a) | 11,396 | 226,780 | ||||||
Forestar Group, Inc. (a) | 1,532 | 26,550 | ||||||
Jones Lang LaSalle, Inc. | 1,856 | 155,793 | ||||||
The St. Joe Co. (a)(b) | 2,661 | 61,416 | ||||||
470,539 | ||||||||
ROAD & RAIL — 1.0% | ||||||||
Avis Budget Group, Inc. (a)(b) | 2,760 | 54,703 | ||||||
Con-way, Inc. | 800 | 22,256 | ||||||
CSX Corp. | 36,991 | 729,832 | ||||||
J.B. Hunt Transport Services, Inc. | 7,514 | 448,661 | ||||||
Kansas City Southern | 3,482 | 290,677 | ||||||
Landstar System, Inc. | 4,773 | 250,392 | ||||||
Norfolk Southern Corp. | 11,977 | 740,658 | ||||||
Union Pacific Corp. | 13,332 | 1,676,099 | ||||||
4,213,278 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.2% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 15,956 | 38,294 | ||||||
Altera Corp. | 9,378 | 322,978 | ||||||
Anadigics, Inc. (a)(b) | 5,091 | 12,829 | ||||||
Analog Devices, Inc. | 10,038 | 422,198 | ||||||
Applied Materials, Inc. | 40,636 | 464,876 | ||||||
AXT, Inc. (a) | 15,385 | 43,232 | ||||||
Broadcom Corp. (Class A) (a) | 15,199 | 504,759 | ||||||
Cirrus Logic, Inc. (a)(b) | 3,160 | 91,545 | ||||||
Cree, Inc. (a)(b) | 1,056 | 35,883 | ||||||
Cypress Semiconductor Corp. (a)(b) | 4,791 | 51,935 | ||||||
First Solar, Inc. (a)(b) | 1,554 | 47,988 | ||||||
Intel Corp. | 154,975 | 3,197,134 | ||||||
International Rectifier Corp. (a)(b) | 3,314 | 58,757 | ||||||
Intersil Corp. (Class A) | 8,731 | 72,380 | ||||||
KLA-Tencor Corp. | 7,862 | 375,489 | ||||||
Lam Research Corp. (a) | 13,784 | 498,016 | ||||||
Linear Technology Corp. | 8,808 | 302,114 | ||||||
LSI Corp. (a) | 18,537 | 131,242 | ||||||
Marvell Technology Group, Ltd. | 13,513 | 98,104 | ||||||
Maxim Integrated Products, Inc. | 5,837 | 171,608 | ||||||
MEMC Electronic Materials, Inc. (a) | 8,091 | 25,972 | ||||||
Microchip Technology, Inc. | 7,275 | 237,092 | ||||||
Micron Technology, Inc. (a) | 22,572 | 143,332 |
See accompanying notes to financial statements.
113
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Microsemi Corp. (a) | 4,614 | $ | 97,079 | |||||
MKS Instruments, Inc. | 574 | 14,798 | ||||||
NVIDIA Corp. | 18,279 | 224,649 | ||||||
ON Semiconductor Corp. (a) | 8,574 | 60,447 | ||||||
Rambus, Inc. (a) | 4,121 | 20,111 | ||||||
Sigma Designs, Inc. (a)(b) | 1,198 | 6,170 | ||||||
Skyworks Solutions, Inc. (a) | 2,981 | 60,514 | ||||||
SunPower Corp. (a) | 259 | 1,456 | ||||||
Teradyne, Inc. (a)(b) | 9,698 | 163,799 | ||||||
Texas Instruments, Inc. | 36,412 | 1,126,587 | ||||||
Xilinx, Inc. | 7,943 | 285,154 | ||||||
9,408,521 | ||||||||
SOFTWARE — 3.6% | ||||||||
Activision Blizzard, Inc. | 18,125 | 192,488 | ||||||
Adobe Systems, Inc. (a) | 18,449 | 695,158 | ||||||
Autodesk, Inc. (a) | 9,883 | 349,364 | ||||||
BMC Software, Inc. (a) | 6,891 | 273,297 | ||||||
CA, Inc. | 13,282 | 291,938 | ||||||
Cadence Design Systems, Inc. (a)(b) | 13,660 | 184,547 | ||||||
Citrix Systems, Inc. (a) | 8,106 | 532,970 | ||||||
Compuware Corp. (a) | 15,308 | 166,398 | ||||||
Comverse Technology, Inc. (a) | 110 | 422 | ||||||
Comverse, Inc. (a) | 10 | 285 | ||||||
Concur Technologies, Inc. (a)(b) | 2,436 | 164,479 | ||||||
Electronic Arts, Inc. (a) | 8,916 | 129,549 | ||||||
Intuit, Inc. | 10,761 | 640,279 | ||||||
Microsoft Corp. | 215,544 | 5,761,491 | ||||||
Nuance Communications, Inc. (a)(b) | 8,496 | 189,631 | ||||||
Oracle Corp. | 109,944 | 3,663,334 | ||||||
Parametric Technology Corp. (a) | 9,217 | 207,475 | ||||||
Red Hat, Inc. (a) | 7,835 | 414,942 | ||||||
Rovi Corp. (a) | 1,716 | 26,478 | ||||||
Salesforce.com, Inc. (a) | 3,143 | 528,338 | ||||||
Smith Micro Software, Inc. (a)(b) | 5,675 | 8,569 | ||||||
Solera Holdings, Inc. | 3,172 | 169,607 | ||||||
Symantec Corp. (a) | 25,900 | 487,179 | ||||||
Synopsys, Inc. (a) | 7,593 | 241,761 | ||||||
TiVo, Inc. (a) | 5,660 | 69,731 | ||||||
VMware, Inc. (Class A) (a) | 1,128 | 106,190 | ||||||
Websense, Inc. (a) | 1,297 | 19,507 | ||||||
15,515,407 | ||||||||
SPECIALTY RETAIL — 2.7% | ||||||||
Abercrombie & Fitch Co. (Class A) | 3,884 | 186,315 | ||||||
Advance Auto Parts, Inc. | 4,224 | 305,606 | ||||||
Aeropostale, Inc. (a)(b) | 2,264 | 29,455 | ||||||
American Eagle Outfitters, Inc. | 7,839 | 160,778 | ||||||
AutoNation, Inc. (a) | 7,842 | 311,327 | ||||||
AutoZone, Inc. (a) | 1,279 | 453,316 | ||||||
Bed Bath & Beyond, Inc. (a) | 8,727 | 487,927 | ||||||
Best Buy Co., Inc. (b) | 9,394 | 111,319 | ||||||
Chico’s FAS, Inc. | 4,850 | 89,531 | ||||||
Dick’s Sporting Goods, Inc. (b) | 3,072 | 139,745 | ||||||
Foot Locker, Inc. | 6,957 | 223,459 | ||||||
GameStop Corp. (Class A) (b) | 4,283 | 107,460 | ||||||
Genesco, Inc. (a) | 715 | 39,325 | ||||||
Limited Brands, Inc. | 10,845 | 510,366 | ||||||
Lowe’s Cos., Inc. | 38,129 | 1,354,342 | ||||||
O’Reilly Automotive, Inc. (a) | 5,760 | 515,059 | ||||||
Office Depot, Inc. (a)(b) | 10,994 | 36,060 | ||||||
OfficeMax, Inc. | 1,958 | 19,110 | ||||||
PetSmart, Inc. | 6,469 | 442,091 | ||||||
Pier 1 Imports, Inc. (b) | 1,780 | 35,600 | ||||||
RadioShack Corp. (b) | 6,313 | 13,384 | ||||||
Rent-A-Center, Inc. | 4,387 | 150,737 | ||||||
Ross Stores, Inc. | 10,911 | 590,831 | ||||||
Staples, Inc. (b) | 20,803 | 237,154 | ||||||
The Gap, Inc. | 16,170 | 501,917 | ||||||
The Home Depot, Inc. | 48,311 | 2,988,035 | ||||||
The Men’s Wearhouse, Inc. | 1,447 | 45,089 | ||||||
Tiffany & Co. | 4,781 | 274,143 | ||||||
TJX Cos., Inc. | 22,577 | 958,394 | ||||||
Urban Outfitters, Inc. (a) | 5,087 | 200,224 | ||||||
Williams-Sonoma, Inc. | 3,950 | 172,892 | ||||||
11,690,991 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.6% | ||||||||
Carter’s, Inc. (a) | 2,822 | 157,044 | ||||||
Coach, Inc. | 10,347 | 574,362 | ||||||
Crocs, Inc. (a) | 980 | 14,102 | ||||||
Fifth & Pacific Cos, Inc. (a) | 7,934 | 98,778 | ||||||
Hanesbrands, Inc. (a)(b) | 3,900 | 139,698 | ||||||
Iconix Brand Group, Inc. (a)(b) | 1,290 | 28,793 | ||||||
NIKE, Inc. (Class B) | 16,006 | 825,910 | ||||||
Quiksilver, Inc. (a) | 9,542 | 40,554 | ||||||
The Jones Group, Inc. (b) | 6,622 | 73,239 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 3,254 | 157,917 | ||||||
V.F. Corp. | 1,930 | 291,372 | ||||||
Wolverine World Wide, Inc. (b) | 6,299 | 258,133 | ||||||
2,659,902 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.2% | ||||||||
Astoria Financial Corp. (b) | 3,642 | 34,089 | ||||||
Berkshire Hills Bancorp, Inc. | 4,781 | 114,075 | ||||||
Doral Financial Corp. (a)(b) | 86,253 | 62,456 | ||||||
Hudson City Bancorp, Inc. | 8,888 | 72,259 | ||||||
MGIC Investment Corp. (a)(b) | 8,490 | 22,583 | ||||||
New York Community Bancorp, Inc. (b) | 8,322 | 109,018 | ||||||
OceanFirst Financial Corp. | 15,457 | 212,534 | ||||||
People’s United Financial, Inc. (b) | 9,800 | 118,482 | ||||||
Radian Group, Inc. (b) | 10,288 | 62,860 | ||||||
TrustCo Bank Corp. NY (b) | 16,575 | 87,516 | ||||||
895,872 | ||||||||
TOBACCO — 1.7% | ||||||||
Altria Group, Inc. | 57,032 | 1,791,945 | ||||||
Lorillard, Inc. | 4,056 | 473,214 | ||||||
Philip Morris International, Inc. | 52,719 | 4,409,417 | ||||||
Reynolds American, Inc. | 11,561 | 478,972 | ||||||
7,153,548 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.2% | ||||||||
Fastenal Co. | 11,639 | 543,425 | ||||||
Kaman Corp. (b) | 5,083 | 187,054 | ||||||
W.W. Grainger, Inc. | 1,280 | 259,034 | ||||||
Willis Lease Finance Corp. (a)(b) | 3,657 | 52,332 | ||||||
1,041,845 | ||||||||
See accompanying notes to financial statements.
114
SPDR Dow Jones Total Market ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
WATER UTILITIES — 0.1% | ||||||||
Aqua America, Inc. | 3,231 | $ | 82,132 | |||||
Artesian Resources Corp. (Class A) (b) | 5,006 | 112,285 | ||||||
Cadiz, Inc. (a)(b) | 4,425 | 35,046 | ||||||
Connecticut Water Service, Inc. (b) | 6,408 | 190,830 | ||||||
420,293 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.4% | ||||||||
Crown Castle International Corp. (a) | 8,427 | 608,092 | ||||||
Leap Wireless International, Inc. (a)(b) | 2,592 | 17,237 | ||||||
MetroPCS Communications, Inc. (a) | 6,540 | 65,008 | ||||||
NII Holdings, Inc. (a)(b) | 5,750 | 40,997 | ||||||
SBA Communications Corp. (Class A) (a)(b) | 4,050 | 287,631 | ||||||
Sprint Nextel Corp. (a) | 73,736 | 418,083 | ||||||
Telephone & Data Systems, Inc. | 4,541 | 100,538 | ||||||
1,537,586 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $400,888,791) | 429,633,554 | |||||||
SHORT TERM INVESTMENTS — 3.5% | ||||||||
MONEY MARKET FUNDS — 3.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 11,065,191 | 11,065,191 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (f)(g) | 3,880,905 | 3,880,905 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $14,946,096) | 14,946,096 | |||||||
TOTAL INVESTMENTS — 103.1% (h) | ||||||||
(Cost $415,834,887) | 444,579,650 | |||||||
OTHER ASSETS & LIABILITIES — (3.1)% | (13,447,028 | ) | ||||||
NET ASSETS — 100.0% | $ | 431,132,622 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(e) | Investments of cash collateral for securities loaned. | |||||
(f) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(g) | The rate shown is the annualized seven-day yield at period end. | |||||
(h) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
115
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AEROSPACE & DEFENSE — 2.3% | ||||||||
BE Aerospace, Inc. (a) | 300 | $ | 14,820 | |||||
General Dynamics Corp. | 1,033 | 71,556 | ||||||
Honeywell International, Inc. | 2,394 | 151,947 | ||||||
L-3 Communications Holdings, Inc. | 326 | 24,978 | ||||||
Lockheed Martin Corp. | 823 | 75,955 | ||||||
Northrop Grumman Corp. | 757 | 51,158 | ||||||
Precision Castparts Corp. | 441 | 83,534 | ||||||
Raytheon Co. | 989 | 56,927 | ||||||
Rockwell Collins, Inc. (b) | 455 | 26,467 | ||||||
Spirit Aerosystems Holdings, Inc. (Class A) (a) | 322 | 5,464 | ||||||
Textron, Inc. (b) | 853 | 21,146 | ||||||
The Boeing Co. | 2,140 | 161,271 | ||||||
TransDigm Group, Inc. | 139 | 18,954 | ||||||
United Technologies Corp. | 2,647 | 217,081 | ||||||
981,258 | ||||||||
AIR FREIGHT & LOGISTICS — 0.7% | ||||||||
C.H. Robinson Worldwide, Inc. (b) | 512 | 32,369 | ||||||
Expeditors International of Washington, Inc. | 677 | 26,775 | ||||||
FedEx Corp. | 918 | 84,199 | ||||||
United Parcel Service, Inc. (Class B) | 2,256 | 166,335 | ||||||
309,678 | ||||||||
AIRLINES — 0.2% | ||||||||
Delta Air Lines, Inc. (a) | 2,565 | 30,447 | ||||||
Southwest Airlines Co. | 2,337 | 23,931 | ||||||
United Continental Holdings, Inc. (a) | 972 | 22,725 | ||||||
77,103 | ||||||||
AUTO COMPONENTS — 0.3% | ||||||||
Allison Transmission Holdings, Inc. (b) | 100 | 2,042 | ||||||
BorgWarner, Inc. (a)(b) | 359 | 25,711 | ||||||
Gentex Corp. (b) | 435 | 8,187 | ||||||
Johnson Controls, Inc. | 2,083 | 63,948 | ||||||
Lear Corp. | 313 | 14,661 | ||||||
The Goodyear Tire & Rubber Co. (a) | 747 | 10,316 | ||||||
TRW Automotive Holdings Corp. (a) | 277 | 14,850 | ||||||
139,715 | ||||||||
AUTOMOBILES — 0.6% | ||||||||
Ford Motor Co. (b) | 11,699 | 151,502 | ||||||
General Motors Co. (a) | 2,424 | 69,884 | ||||||
Harley-Davidson, Inc. | 754 | 36,825 | ||||||
258,211 | ||||||||
BEVERAGES — 2.2% | ||||||||
Beam, Inc. | 485 | 29,629 | ||||||
Brown-Forman Corp. (Class B) | 502 | 31,752 | ||||||
Coca-Cola Enterprises, Inc. | 896 | 28,430 | ||||||
Constellation Brands, Inc. (Class A) (a) | 504 | 17,837 | ||||||
Dr. Pepper Snapple Group, Inc. (b) | 669 | 29,556 | ||||||
Molson Coors Brewing Co. (Class B) | 455 | 19,469 | ||||||
Monster Beverage Corp. (a) | 462 | 24,431 | ||||||
PepsiCo, Inc. | 4,761 | 325,795 | ||||||
The Coca-Cola Co. | 12,018 | 435,652 | ||||||
942,551 | ||||||||
BIOTECHNOLOGY — 1.7% | ||||||||
Alexion Pharmaceuticals, Inc. (a) | 604 | 56,661 | ||||||
Amgen, Inc. | 2,380 | 205,442 | ||||||
Biogen Idec, Inc. (a) | 736 | 107,949 | ||||||
BioMarin Pharmaceutical, Inc. (a)(b) | 400 | 19,700 | ||||||
Celgene Corp. (a) | 1,266 | 99,660 | ||||||
Gilead Sciences, Inc. (a)(b) | 2,323 | 170,624 | ||||||
Onyx Pharmaceuticals, Inc. (a)(b) | 200 | 15,106 | ||||||
Pharmacyclics, Inc. (a) | 200 | 11,580 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 220 | 37,636 | ||||||
United Therapeutics Corp. (a)(b) | 158 | 8,440 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 668 | 28,016 | ||||||
760,814 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Fortune Brands Home & Security, Inc. (a)(b) | 485 | 14,172 | ||||||
Masco Corp. | 1,174 | 19,559 | ||||||
Owens Corning, Inc. (a)(b) | 371 | 13,723 | ||||||
47,454 | ||||||||
CAPITAL MARKETS — 2.0% | ||||||||
Affiliated Managers Group, Inc. (a)(b) | 157 | 20,434 | ||||||
Ameriprise Financial, Inc. | 603 | 37,766 | ||||||
BlackRock, Inc. | 401 | 82,891 | ||||||
E*TRADE Financial Corp. (a) | 754 | 6,748 | ||||||
Eaton Vance Corp. (b) | 363 | 11,562 | ||||||
Franklin Resources, Inc. | 429 | 53,925 | ||||||
Invesco, Ltd. | 1,380 | 36,004 | ||||||
Jefferies Group, Inc. | 380 | 7,057 | ||||||
Legg Mason, Inc. (b) | 442 | 11,368 | ||||||
LPL Investment Holdings, Inc. | 145 | 4,083 | ||||||
Morgan Stanley | 4,319 | 82,579 | ||||||
Northern Trust Corp. (b) | 669 | 33,557 | ||||||
Raymond James Financial, Inc. | 307 | 11,829 | ||||||
SEI Investments Co. | 422 | 9,849 | ||||||
State Street Corp. (c) | 1,471 | 69,152 | ||||||
T. Rowe Price Group, Inc. | 762 | 49,629 | ||||||
TD Ameritrade Holding Corp. (b) | 768 | 12,910 | ||||||
The Bank of New York Mellon Corp. | 3,564 | 91,595 | ||||||
The Charles Schwab Corp. (b) | 3,469 | 49,815 | ||||||
The Goldman Sachs Group, Inc. | 1,397 | 178,201 | ||||||
860,954 | ||||||||
CHEMICALS — 2.6% | ||||||||
Air Products & Chemicals, Inc. | 630 | 52,933 | ||||||
Airgas, Inc. | 218 | 19,901 | ||||||
Albemarle Corp. (b) | 286 | 17,766 | ||||||
Ashland, Inc. | 219 | 17,610 | ||||||
Celanese Corp. (Series A) | 470 | 20,929 | ||||||
CF Industries Holdings, Inc. | 192 | 39,007 | ||||||
E. I. du Pont de Nemours & Co. | 2,899 | 130,368 | ||||||
Eastman Chemical Co. | 507 | 34,501 | ||||||
Ecolab, Inc. | 856 | 61,546 | ||||||
FMC Corp. (b) | 472 | 27,621 | ||||||
Huntsman Corp. (b) | 543 | 8,634 | ||||||
International Flavors & Fragrances, Inc. (b) | 249 | 16,569 | ||||||
LyondellBasell Industries NV | 1,222 | 69,764 | ||||||
Monsanto Co. | 1,668 | 157,876 |
See accompanying notes to financial statements.
116
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
PPG Industries, Inc. | 488 | $ | 66,051 | |||||
Praxair, Inc. | 935 | 102,336 | ||||||
Rockwood Holdings, Inc. | 213 | 10,535 | ||||||
Sigma-Aldrich Corp. (b) | 341 | 25,091 | ||||||
The Dow Chemical Co. | 3,732 | 120,618 | ||||||
The Mosaic Co. | 851 | 48,192 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 138 | 6,079 | ||||||
The Sherwin-Williams Co. | 261 | 40,147 | ||||||
Valspar Corp. | 291 | 18,158 | ||||||
W.R. Grace & Co. (a)(b) | 200 | 13,446 | ||||||
Westlake Chemical Corp. | 100 | 7,930 | ||||||
1,133,608 | ||||||||
COMMERCIAL BANKS — 2.6% | ||||||||
BB&T Corp. | 2,190 | 63,751 | ||||||
BOK Financial Corp. (b) | 69 | 3,758 | ||||||
CIT Group, Inc. (a) | 571 | 22,063 | ||||||
City National Corp. (b) | 131 | 6,487 | ||||||
Comerica, Inc. | 567 | 17,203 | ||||||
Commerce Bancshares, Inc. (b) | 228 | 7,994 | ||||||
Cullen/Frost Bankers, Inc. (b) | 176 | 9,551 | ||||||
Fifth Third Bancorp | 2,817 | 42,790 | ||||||
First Republic Bank | 219 | 7,179 | ||||||
Huntington Bancshares, Inc. | 2,679 | 17,119 | ||||||
Keycorp | 2,932 | 24,687 | ||||||
M&T Bank Corp. (b) | 380 | 37,419 | ||||||
PNC Financial Services Group, Inc. | 1,647 | 96,037 | ||||||
Regions Financial Corp. | 4,524 | 32,211 | ||||||
SunTrust Banks, Inc. | 1,636 | 46,381 | ||||||
U.S. Bancorp | 5,843 | 186,625 | ||||||
Wells Fargo & Co. | 15,114 | 516,596 | ||||||
Zions Bancorporation (b) | 456 | 9,758 | ||||||
1,147,609 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.6% | ||||||||
Avery Dennison Corp. (b) | 377 | 13,165 | ||||||
Cintas Corp. | 350 | 14,315 | ||||||
Copart, Inc. (a) | 372 | 10,974 | ||||||
Iron Mountain, Inc. (b) | 519 | 16,115 | ||||||
Pitney Bowes, Inc. (b) | 486 | 5,171 | ||||||
Republic Services, Inc. | 977 | 28,655 | ||||||
Stericycle, Inc. (a) | 286 | 26,675 | ||||||
The ADT Corp. | 724 | 33,659 | ||||||
Tyco International, Ltd. | 1,448 | 42,354 | ||||||
Waste Connections, Inc. (b) | 374 | 12,638 | ||||||
Waste Management, Inc. (b) | 1,376 | 46,426 | ||||||
250,147 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.8% | ||||||||
Cisco Systems, Inc. | 16,430 | 322,849 | ||||||
F5 Networks, Inc. (a) | 245 | 23,802 | ||||||
Harris Corp. | 360 | 17,626 | ||||||
JDS Uniphase Corp. (a)(b) | 699 | 9,464 | ||||||
Juniper Networks, Inc. (a) | 1,672 | 32,888 | ||||||
Motorola Solutions, Inc. | 856 | 47,662 | ||||||
Palo Alto Networks, Inc. (a)(b) | 100 | 5,352 | ||||||
QUALCOMM, Inc. | 5,280 | 327,466 | ||||||
Riverbed Technology, Inc. (a) | 432 | 8,519 | ||||||
795,628 | ||||||||
COMPUTERS & PERIPHERALS — 4.6% | ||||||||
Apple, Inc. | 2,925 | 1,559,113 | ||||||
Dell, Inc. | 4,524 | 45,828 | ||||||
EMC Corp. (a) | 6,507 | 164,627 | ||||||
Hewlett-Packard Co. | 6,176 | 88,008 | ||||||
NCR Corp. (a) | 528 | 13,453 | ||||||
NetApp, Inc. (a) | 1,124 | 37,710 | ||||||
SanDisk Corp. (a) | 716 | 31,189 | ||||||
Seagate Technology PLC (b) | 1,096 | 33,406 | ||||||
Western Digital Corp. (b) | 689 | 29,276 | ||||||
2,002,610 | ||||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
Fluor Corp. (b) | 537 | 31,543 | ||||||
Jacobs Engineering Group, Inc. (a) | 388 | 16,517 | ||||||
KBR, Inc. | 463 | 13,853 | ||||||
Quanta Services, Inc. (a) | 609 | 16,620 | ||||||
URS Corp. | 267 | 10,483 | ||||||
89,016 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Martin Marietta Materials, Inc. (b) | 126 | 11,880 | ||||||
Vulcan Materials Co. | 365 | 18,998 | ||||||
30,878 | ||||||||
CONSUMER FINANCE — 0.8% | ||||||||
American Express Co. | 2,980 | 171,291 | ||||||
Capital One Financial Corp. | 1,791 | 103,753 | ||||||
Discover Financial Services | 1,548 | 59,675 | ||||||
SLM Corp. | 1,479 | 25,335 | ||||||
360,054 | ||||||||
CONTAINERS & PACKAGING — 0.2% | ||||||||
AptarGroup, Inc. (b) | 207 | 9,878 | ||||||
Ball Corp. (b) | 504 | 22,554 | ||||||
Bemis Co., Inc. (b) | 318 | 10,640 | ||||||
Crown Holdings, Inc. (a) | 505 | 18,589 | ||||||
Owens-Illinois, Inc. (a) | 544 | 11,571 | ||||||
Rock-Tenn Co. (Class A) | 200 | 13,982 | ||||||
Sealed Air Corp. (b) | 526 | 9,210 | ||||||
Sonoco Products Co. | 310 | 9,217 | ||||||
105,641 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. (b) | 513 | 32,617 | ||||||
LKQ Corp. (a)(b) | 900 | 18,990 | ||||||
51,607 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
Apollo Group, Inc. (Class A) (a) | 379 | 7,929 | ||||||
H&R Block, Inc. (b) | 942 | 17,493 | ||||||
Weight Watchers International, Inc. (b) | 120 | 6,283 | ||||||
31,705 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 3.3% | ||||||||
Bank of America Corp. | 33,406 | 387,510 | ||||||
CBOE Holdings, Inc. | 312 | 9,192 | ||||||
Citigroup, Inc. | 9,136 | 361,420 | ||||||
CME Group, Inc. | 985 | 49,949 | ||||||
IntercontinentalExchange, Inc. (a) | 229 | 28,352 | ||||||
JPMorgan Chase & Co. | 11,840 | 520,605 | ||||||
Leucadia National Corp. (b) | 522 | 12,418 |
See accompanying notes to financial statements.
117
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Moody’s Corp. | 606 | $ | 30,494 | |||||
MSCI, Inc. (Class A) (a)(b) | 370 | 11,466 | ||||||
NYSE Euronext | 820 | 25,863 | ||||||
The NASDAQ OMX Group, Inc. | 361 | 9,029 | ||||||
1,446,298 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.5% | ||||||||
AT&T, Inc. | 17,630 | 594,307 | ||||||
CenturyLink, Inc. | 1,971 | 77,106 | ||||||
Frontier Communications Corp. (b) | 3,148 | 13,473 | ||||||
Level 3 Communications, Inc. (a)(b) | 500 | 11,555 | ||||||
Verizon Communications, Inc. | 8,884 | 384,411 | ||||||
Windstream Corp. (b) | 1,769 | 14,647 | ||||||
1,095,499 | ||||||||
ELECTRIC UTILITIES — 1.9% | ||||||||
American Electric Power Co., Inc. | 1,509 | 64,404 | ||||||
Duke Energy Corp. | 2,166 | 138,191 | ||||||
Edison International | 952 | 43,021 | ||||||
Entergy Corp. | 550 | 35,062 | ||||||
Exelon Corp. | 2,641 | 78,543 | ||||||
FirstEnergy Corp. | 1,317 | 54,998 | ||||||
ITC Holdings Corp. (b) | 155 | 11,921 | ||||||
NextEra Energy, Inc. | 1,346 | 93,130 | ||||||
Northeast Utilities | 1,030 | 40,252 | ||||||
NV Energy, Inc. | 741 | 13,442 | ||||||
OGE Energy Corp. | 298 | 16,780 | ||||||
Pepco Holdings, Inc. (b) | 680 | 13,335 | ||||||
Pinnacle West Capital Corp. | 319 | 16,263 | ||||||
PPL Corp. | 1,733 | 49,616 | ||||||
The Southern Co. | 2,705 | 115,801 | ||||||
Westar Energy, Inc. (b) | 342 | 9,788 | ||||||
Xcel Energy, Inc. | 1,520 | 40,599 | ||||||
835,146 | ||||||||
ELECTRICAL EQUIPMENT — 0.7% | ||||||||
AMETEK, Inc. | 745 | 27,990 | ||||||
Eaton Corp. PLC | 1,448 | 78,482 | ||||||
Emerson Electric Co. | 2,225 | 117,836 | ||||||
Hubbell, Inc. (Class B) | 169 | 14,302 | ||||||
Rockwell Automation, Inc. | 455 | 38,215 | ||||||
Roper Industries, Inc. | 281 | 31,326 | ||||||
The Babcock & Wilcox Co. | 358 | 9,380 | ||||||
317,531 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.6% | ||||||||
Amphenol Corp. (Class A) | 515 | 33,321 | ||||||
Arrow Electronics, Inc. (a) | 384 | 14,623 | ||||||
Avnet, Inc. (a) | 464 | 14,203 | ||||||
Corning, Inc. | 4,732 | 59,718 | ||||||
Dolby Laboratories, Inc. (Class A) (b) | 168 | 4,927 | ||||||
FLIR Systems, Inc. | 435 | 9,705 | ||||||
Jabil Circuit, Inc. | 660 | 12,731 | ||||||
Mettler-Toledo International, Inc. (a) | 104 | 20,103 | ||||||
Molex, Inc. (b) | 425 | 11,615 | ||||||
TE Connectivity, Ltd. | 1,292 | 47,959 | ||||||
Trimble Navigation, Ltd. (a)(b) | 407 | 24,331 | ||||||
253,236 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.0% | ||||||||
Baker Hughes, Inc. | 1,338 | 54,644 | ||||||
Cameron International Corp. (a) | 758 | 42,797 | ||||||
Diamond Offshore Drilling, Inc. | 211 | 14,340 | ||||||
Ensco PLC (Class A) | 700 | 41,496 | ||||||
FMC Technologies, Inc. (a)(b) | 738 | 31,608 | ||||||
Halliburton Co. | 2,826 | 98,034 | ||||||
Helmerich & Payne, Inc. (b) | 295 | 16,523 | ||||||
McDermott International, Inc. (a)(b) | 721 | 7,945 | ||||||
Nabors Industries, Ltd. (a) | 906 | 13,092 | ||||||
National Oilwell Varco, Inc. | 1,293 | 88,377 | ||||||
Noble Corp. | 832 | 28,970 | ||||||
Oceaneering International, Inc. | 354 | 19,042 | ||||||
Oil States International, Inc. (a) | 160 | 11,446 | ||||||
Patterson-UTI Energy, Inc. (b) | 493 | 9,185 | ||||||
Rowan Cos. PLC (a) | 342 | 10,694 | ||||||
Schlumberger, Ltd. | 4,150 | 287,553 | ||||||
Superior Energy Services, Inc. (a) | 500 | 10,360 | ||||||
Tidewater, Inc. (b) | 166 | 7,417 | ||||||
Transocean, Ltd. | 1,100 | 49,115 | ||||||
Weatherford International, Ltd. (a) | 2,230 | 24,954 | ||||||
867,592 | ||||||||
FOOD & STAPLES RETAILING — 2.2% | ||||||||
Costco Wholesale Corp. | 1,359 | 134,228 | ||||||
CVS Caremark Corp. | 3,847 | 186,003 | ||||||
Safeway, Inc. (b) | 778 | 14,074 | ||||||
Sysco Corp. (b) | 1,867 | 59,109 | ||||||
The Kroger Co. | 1,538 | 40,019 | ||||||
Wal-Mart Stores, Inc. | 5,235 | 357,184 | ||||||
Walgreen Co. (b) | 2,690 | 99,557 | ||||||
Whole Foods Market, Inc. | 507 | 46,304 | ||||||
936,478 | ||||||||
FOOD PRODUCTS — 1.8% | ||||||||
Archer-Daniels-Midland Co. | 2,062 | 56,478 | ||||||
Bunge, Ltd. (b) | 481 | 34,964 | ||||||
Campbell Soup Co. (b) | 539 | 18,806 | ||||||
ConAgra Foods, Inc. | 1,261 | 37,200 | ||||||
General Mills, Inc. | 1,968 | 79,527 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 385 | 15,924 | ||||||
H.J. Heinz Co. (b) | 994 | 57,334 | ||||||
Hillshire Brands Co. | 385 | 10,834 | ||||||
Hormel Foods Corp. (b) | 471 | 14,700 | ||||||
Ingredion, Inc. | 236 | 15,206 | ||||||
Kellogg Co. | 754 | 42,111 | ||||||
Kraft Foods Group, Inc. | 1,828 | 83,119 | ||||||
McCormick & Co., Inc. (b) | 427 | 27,127 | ||||||
Mead Johnson Nutrition Co. | 631 | 41,577 | ||||||
Mondelez International, Inc. (Class A) | 5,486 | 139,728 | ||||||
Ralcorp Holdings, Inc. (a)(b) | 182 | 16,316 | ||||||
Smithfield Foods, Inc. (a)(b) | 402 | 8,671 | ||||||
The Hershey Co. | 415 | 29,971 | ||||||
The J.M. Smucker Co. (b) | 335 | 28,890 | ||||||
Tyson Foods, Inc. (Class A) | 923 | 17,906 | ||||||
776,389 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Resources, Inc. | 356 | 14,229 |
See accompanying notes to financial statements.
118
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Atmos Energy Corp. | 290 | $ | 10,185 | |||||
National Fuel Gas Co. | 214 | 10,848 | ||||||
ONEOK, Inc. | 626 | 26,761 | ||||||
Questar Corp. | 550 | 10,868 | ||||||
UGI Corp. | 339 | 11,089 | ||||||
83,980 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.8% | ||||||||
Baxter International, Inc. | 1,653 | 110,189 | ||||||
Becton, Dickinson and Co. (b) | 624 | 48,791 | ||||||
Boston Scientific Corp. (a) | 4,654 | 26,667 | ||||||
C.R. Bard, Inc. | 247 | 24,142 | ||||||
CareFusion Corp. (a) | 655 | 18,720 | ||||||
Covidien PLC | 1,487 | 85,859 | ||||||
DENTSPLY International, Inc. | 429 | 16,993 | ||||||
Edwards Lifesciences Corp. (a) | 356 | 32,101 | ||||||
Hologic, Inc. (a)(b) | 800 | 16,024 | ||||||
IDEXX Laboratories, Inc. (a)(b) | 193 | 17,910 | ||||||
Intuitive Surgical, Inc. (a)(b) | 119 | 58,354 | ||||||
Medtronic, Inc. | 3,116 | 127,818 | ||||||
ResMed, Inc. (b) | 475 | 19,746 | ||||||
St. Jude Medical, Inc. | 994 | 35,923 | ||||||
Stryker Corp. | 920 | 50,434 | ||||||
The Cooper Cos., Inc. | 140 | 12,947 | ||||||
Varian Medical Systems, Inc. (a)(b) | 362 | 25,427 | ||||||
Zimmer Holdings, Inc. | 557 | 37,130 | ||||||
765,175 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.9% | ||||||||
Aetna, Inc. (b) | 1,050 | 48,615 | ||||||
AmerisourceBergen Corp. (b) | 731 | 31,565 | ||||||
Cardinal Health, Inc. | 1,076 | 44,310 | ||||||
Cigna Corp. | 875 | 46,777 | ||||||
Coventry Health Care, Inc. | 470 | 21,070 | ||||||
DaVita, Inc. (a) | 269 | 29,732 | ||||||
Express Scripts Holding Co. (a) | 2,537 | 136,998 | ||||||
HCA Holdings, Inc. | 553 | 16,684 | ||||||
Henry Schein, Inc. (a)(b) | 294 | 23,655 | ||||||
Humana, Inc. | 500 | 34,315 | ||||||
Laboratory Corp. of America Holdings (a) | 313 | 27,112 | ||||||
McKesson Corp. | 733 | 71,072 | ||||||
Omnicare, Inc. (b) | 331 | 11,949 | ||||||
Patterson Cos., Inc. (b) | 313 | 10,714 | ||||||
Quest Diagnostics, Inc. | 454 | 26,455 | ||||||
UnitedHealth Group, Inc. | 3,200 | 173,568 | ||||||
Universal Health Services, Inc. (Class B) (b) | 292 | 14,118 | ||||||
WellPoint, Inc. | 936 | 57,021 | ||||||
825,730 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Cerner Corp. (a) | 441 | 34,239 | ||||||
HOTELS, RESTAURANTS & LEISURE — 1.9% | ||||||||
Burger King Worldwide, Inc. | 300 | 4,932 | ||||||
Carnival Corp. | 1,344 | 49,419 | ||||||
Chipotle Mexican Grill, Inc. (a)(b) | 99 | 29,449 | ||||||
Darden Restaurants, Inc. (b) | 416 | 18,749 | ||||||
Dunkin’ Brands Group, Inc. (b) | 256 | 8,494 | ||||||
Hyatt Hotels Corp. (Class A) (a)(b) | 122 | 4,706 | ||||||
International Game Technology | 951 | 13,476 | ||||||
Las Vegas Sands Corp. | 1,114 | 51,422 | ||||||
Marriott International, Inc. (Class A) | 810 | 30,189 | ||||||
McDonald’s Corp. (b) | 3,115 | 274,774 | ||||||
MGM Resorts International (a) | 966 | 11,244 | ||||||
Panera Bread Co. (Class A) (a) | 100 | 15,883 | ||||||
Penn National Gaming, Inc. (a)(b) | 209 | 10,264 | ||||||
Royal Caribbean Cruises, Ltd. (b) | 437 | 14,858 | ||||||
Starbucks Corp. | 2,314 | 124,077 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 621 | 35,621 | ||||||
Wyndham Worldwide Corp. | 483 | 25,700 | ||||||
Wynn Resorts, Ltd. (b) | 250 | 28,122 | ||||||
Yum! Brands, Inc. | 1,363 | 90,503 | ||||||
841,882 | ||||||||
HOUSEHOLD DURABLES — 0.5% | ||||||||
D.R. Horton, Inc. (b) | 864 | 17,090 | ||||||
Garmin, Ltd. (b) | 392 | 16,001 | ||||||
Harman International Industries, Inc. (b) | 165 | 7,366 | ||||||
Jarden Corp. (a) | 200 | 10,340 | ||||||
Leggett & Platt, Inc. (b) | 510 | 13,882 | ||||||
Lennar Corp. (Class A) (b) | 547 | 21,152 | ||||||
Mohawk Industries, Inc. (a) | 170 | 15,380 | ||||||
Newell Rubbermaid, Inc. | 871 | 19,397 | ||||||
NVR, Inc. (a)(b) | 16 | 14,720 | ||||||
Pulte Group, Inc. (a)(b) | 1,000 | 18,160 | ||||||
Toll Brothers, Inc. (a) | 429 | 13,870 | ||||||
Tupperware Brands Corp. (b) | 187 | 11,987 | ||||||
Whirlpool Corp. | 234 | 23,809 | ||||||
203,154 | ||||||||
HOUSEHOLD PRODUCTS — 2.0% | ||||||||
Church & Dwight Co., Inc. (b) | 438 | 23,463 | ||||||
Colgate-Palmolive Co. | 1,391 | 145,415 | ||||||
Energizer Holdings, Inc. (b) | 214 | 17,116 | ||||||
Kimberly-Clark Corp. | 1,209 | 102,076 | ||||||
The Clorox Co. (b) | 386 | 28,263 | ||||||
The Procter & Gamble Co. | 8,474 | 575,300 | ||||||
891,633 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
Calpine Corp. (a) | 1,142 | 20,704 | ||||||
NRG Energy, Inc. | 1,045 | 24,025 | ||||||
The AES Corp. | 1,979 | 21,175 | ||||||
65,904 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.2% | ||||||||
3M Co. | 1,971 | 183,008 | ||||||
Danaher Corp. | 1,777 | 99,334 | ||||||
General Electric Co. | 32,481 | 681,776 | ||||||
964,118 | ||||||||
INSURANCE — 4.2% | ||||||||
ACE, Ltd. | 1,086 | 86,663 | ||||||
Aflac, Inc. | 1,476 | 78,405 | ||||||
Alleghany Corp. (a) | 50 | 16,771 | ||||||
Allied World Assurance Company Holdings, Ltd. | 108 | 8,510 | ||||||
American Financial Group, Inc. | 245 | 9,682 |
See accompanying notes to financial statements.
119
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
American International Group, Inc. (a)(b) | 4,644 | $ | 163,933 | |||||
Aon PLC | 1,007 | 55,989 | ||||||
Arch Capital Group, Ltd. (a)(b) | 364 | 16,023 | ||||||
Arthur J. Gallagher & Co. | 400 | 13,860 | ||||||
Assurant, Inc. | 292 | 10,132 | ||||||
Assured Guaranty, Ltd. | 436 | 6,204 | ||||||
Axis Capital Holdings, Ltd. | 353 | 12,228 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | 5,659 | 507,612 | ||||||
Brown & Brown, Inc. | 358 | 9,115 | ||||||
Cincinnati Financial Corp. (b) | 477 | 18,679 | ||||||
CNA Financial Corp. | 85 | 2,381 | ||||||
Erie Indemnity Co. (Class A) | 85 | 5,884 | ||||||
Everest Re Group, Ltd. | 139 | 15,283 | ||||||
Fidelity National Financial, Inc. (Class A) | 684 | 16,108 | ||||||
Genworth Financial, Inc. (Class A) (a) | 1,614 | 12,121 | ||||||
Hartford Financial Services Group, Inc. | 1,363 | 30,586 | ||||||
HCC Insurance Holdings, Inc. | 365 | 13,582 | ||||||
Lincoln National Corp. | 960 | 24,864 | ||||||
Loews Corp. | 935 | 38,101 | ||||||
Markel Corp. (a) | 30 | 13,003 | ||||||
Marsh & McLennan Cos., Inc. | 1,711 | 58,978 | ||||||
MetLife, Inc. | 3,319 | 109,328 | ||||||
PartnerRe, Ltd. (b) | 224 | 18,030 | ||||||
Principal Financial Group, Inc. (b) | 842 | 24,014 | ||||||
Prudential Financial, Inc. | 1,400 | 74,662 | ||||||
Reinsurance Group of America, Inc. | 230 | 12,310 | ||||||
RenaissanceRe Holdings, Ltd. | 159 | 12,920 | ||||||
The Allstate Corp. | 1,522 | 61,139 | ||||||
The Chubb Corp. | 780 | 58,750 | ||||||
The Progressive Corp. | 1,856 | 39,162 | ||||||
The Travelers Cos., Inc. | 1,182 | 84,891 | ||||||
Torchmark Corp. (b) | 324 | 16,741 | ||||||
Unum Group | 935 | 19,467 | ||||||
Validus Holdings, Ltd. | 319 | 11,031 | ||||||
W.R. Berkley Corp. (b) | 376 | 14,190 | ||||||
White Mountains Insurance Group, Ltd. (b) | 20 | 10,300 | ||||||
XL Group PLC | 996 | 24,960 | ||||||
1,836,592 | ||||||||
INTERNET & CATALOG RETAIL — 1.1% | ||||||||
Amazon.com, Inc. (a) | 1,117 | 280,523 | ||||||
Expedia, Inc. | 329 | 20,217 | ||||||
Groupon, Inc. (a)(b) | 1,033 | 5,041 | ||||||
Liberty Interactive Corp. (Class A) (a) | 1,649 | 32,452 | ||||||
Netflix, Inc. (a)(b) | 166 | 15,402 | ||||||
Priceline.com, Inc. (a) | 156 | 96,907 | ||||||
TripAdvisor, Inc. (a)(b) | 329 | 13,805 | ||||||
464,347 | ||||||||
INTERNET SOFTWARE & SERVICES — 2.3% | ||||||||
Akamai Technologies, Inc. (a) | 524 | 21,437 | ||||||
eBay, Inc. (a) | 3,565 | 181,886 | ||||||
Equinix, Inc. (a)(b) | 155 | 31,961 | ||||||
Facebook, Inc. (Class A) (a) | 1,600 | 42,608 | ||||||
Google, Inc. (Class A) (a) | 826 | 585,940 | ||||||
IAC/InterActiveCorp. | 252 | 11,920 | ||||||
LinkedIn Corp. (Class A) (a) | 197 | 22,619 | ||||||
Rackspace Hosting, Inc. (a)(b) | 351 | 26,069 | ||||||
VeriSign, Inc. (a) | 515 | 19,992 | ||||||
Yahoo!, Inc. (a) | 3,251 | 64,695 | ||||||
1,009,127 | ||||||||
IT SERVICES — 3.7% | ||||||||
Accenture PLC (Class A) | 2,019 | 134,263 | ||||||
Alliance Data Systems Corp. (a)(b) | 164 | 23,741 | ||||||
Automatic Data Processing, Inc. | 1,520 | 86,655 | ||||||
Broadridge Financial Solutions, Inc. | 455 | 10,410 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 951 | 70,422 | ||||||
Computer Sciences Corp. | 480 | 19,224 | ||||||
Fidelity National Information Services, Inc. | 775 | 26,978 | ||||||
Fiserv, Inc. (a) | 424 | 33,509 | ||||||
Gartner, Inc. (a)(b) | 300 | 13,806 | ||||||
Genpact, Ltd. | 326 | 5,053 | ||||||
Global Payments, Inc. | 251 | 11,370 | ||||||
International Business Machines Corp. | 3,303 | 632,690 | ||||||
Mastercard, Inc. (Class A) | 343 | 168,509 | ||||||
Paychex, Inc. (b) | 1,029 | 32,043 | ||||||
SAIC, Inc. (b) | 915 | 10,358 | ||||||
Teradata Corp. (a) | 536 | 33,173 | ||||||
The Western Union Co. | 1,991 | 27,098 | ||||||
Total System Services, Inc. | 538 | 11,524 | ||||||
Vantiv, Inc. (a)(b) | 100 | 2,042 | ||||||
VeriFone Systems, Inc. (a)(b) | 300 | 8,904 | ||||||
Visa, Inc. (Class A) (b) | 1,625 | 246,317 | ||||||
1,608,089 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Hasbro, Inc. (b) | 407 | 14,611 | ||||||
Mattel, Inc. | 1,058 | 38,744 | ||||||
Polaris Industries, Inc. (b) | 200 | 16,830 | ||||||
70,185 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.5% | ||||||||
Agilent Technologies, Inc. | 1,063 | 43,519 | ||||||
Covance, Inc. (a) | 206 | 11,901 | ||||||
Illumina, Inc. (a)(b) | 391 | 21,736 | ||||||
Life Technologies Corp. (a) | 534 | 26,209 | ||||||
PerkinElmer, Inc. | 379 | 12,029 | ||||||
Techne Corp. (b) | 117 | 7,996 | ||||||
Thermo Fisher Scientific, Inc. | 1,084 | 69,137 | ||||||
Waters Corp. (a) | 294 | 25,613 | ||||||
218,140 | ||||||||
MACHINERY — 1.9% | ||||||||
AGCO Corp. (a) | 284 | 13,950 | ||||||
Caterpillar, Inc. | 2,029 | 181,758 | ||||||
Cummins, Inc. | 548 | 59,376 | ||||||
Deere & Co. (b) | 1,209 | 104,482 | ||||||
Donaldson Co., Inc. | 428 | 14,056 | ||||||
Dover Corp. | 600 | 39,426 | ||||||
Flowserve Corp. (b) | 163 | 23,928 | ||||||
Gardner Denver, Inc. | 161 | 11,029 | ||||||
Illinois Tool Works, Inc. (b) | 1,299 | 78,992 | ||||||
Ingersoll-Rand PLC | 916 | 43,931 | ||||||
Joy Global, Inc. | 341 | 21,749 | ||||||
Lincoln Electric Holdings, Inc. (b) | 258 | 12,559 |
See accompanying notes to financial statements.
120
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
PACCAR, Inc. (b) | 1,084 | $ | 49,008 | |||||
Pall Corp. | 383 | 23,080 | ||||||
Parker Hannifin Corp. | 470 | 39,978 | ||||||
Pentair, Ltd. | 656 | 32,242 | ||||||
Snap-On, Inc. | 200 | 15,798 | ||||||
SPX Corp. (b) | 174 | 12,206 | ||||||
Stanley Black & Decker, Inc. (b) | 500 | 36,985 | ||||||
Timken Co. | 264 | 12,627 | ||||||
Xylem, Inc. | 575 | 15,582 | ||||||
842,742 | ||||||||
MEDIA — 3.6% | ||||||||
AMC Networks, Inc. (Class A) (a) | 180 | 8,910 | ||||||
Cablevision Systems Corp. (Class A) | 721 | 10,772 | ||||||
CBS Corp. | 1,826 | 69,479 | ||||||
Charter Communications, Inc. (Class A) (a) | 100 | 7,624 | ||||||
Comcast Corp. (Class A) | 8,322 | 311,076 | ||||||
DIRECTV (Class A) (a) | 1,877 | 94,150 | ||||||
Discovery Communications, Inc. (Series A) (a) | 722 | 45,833 | ||||||
DISH Network Corp. (Class A) | 673 | 24,497 | ||||||
Gannett Co., Inc. (b) | 598 | 10,770 | ||||||
John Wiley & Sons, Inc. (Class A) (b) | 159 | 6,190 | ||||||
Liberty Global, Inc. (Series A) (a) | 735 | 46,298 | ||||||
Liberty Media Corp. — Liberty Capital (Class A) (a) | 352 | 40,835 | ||||||
News Corp. (Class A) | 6,339 | 161,898 | ||||||
Omnicom Group, Inc. | 781 | 39,019 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 259 | 15,001 | ||||||
Sirius XM Radio, Inc. (b) | 11,045 | 31,920 | ||||||
The Interpublic Group of Cos., Inc. (b) | 1,534 | 16,905 | ||||||
The McGraw-Hill Cos., Inc. | 835 | 45,649 | ||||||
The Walt Disney Co. | 5,516 | 274,642 | ||||||
The Washington Post Co. (Class B) (b) | 19 | 6,939 | ||||||
Time Warner Cable, Inc. (b) | 957 | 93,011 | ||||||
Time Warner, Inc. | 2,912 | 139,281 | ||||||
Viacom, Inc. (Class B) | 1,451 | 76,526 | ||||||
1,577,225 | ||||||||
METALS & MINING — 0.7% | ||||||||
Alcoa, Inc. | 3,213 | 27,889 | ||||||
Allegheny Technologies, Inc. | 301 | 9,138 | ||||||
Allied Nevada Gold Corp. (a)(b) | 253 | 7,623 | ||||||
Cliffs Natural Resources, Inc. | 422 | 16,272 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 2,907 | 99,420 | ||||||
Newmont Mining Corp. | 1,504 | 69,846 | ||||||
Nucor Corp. (b) | 1,012 | 43,698 | ||||||
Reliance Steel & Aluminum Co. | 203 | 12,606 | ||||||
Royal Gold, Inc. (b) | 168 | 13,660 | ||||||
Steel Dynamics, Inc. | 570 | 7,826 | ||||||
United States Steel Corp. (b) | 447 | 10,670 | ||||||
318,648 | ||||||||
MULTI-UTILITIES — 1.2% | ||||||||
Alliant Energy Corp. | 352 | 15,456 | ||||||
Ameren Corp. | 739 | 22,702 | ||||||
CenterPoint Energy, Inc. | 1,219 | 23,466 | ||||||
CMS Energy Corp. (b) | 889 | 21,674 | ||||||
Consolidated Edison, Inc. | 913 | 50,708 | ||||||
Dominion Resources, Inc. | 1,755 | 90,909 | ||||||
DTE Energy Co. | 519 | 31,166 | ||||||
Integrys Energy Group, Inc. (b) | 246 | 12,846 | ||||||
MDU Resources Group, Inc. | 530 | 11,257 | ||||||
NiSource, Inc. | 859 | 21,380 | ||||||
PG&E Corp. | 1,346 | 54,082 | ||||||
Public Service Enterprise Group, Inc. | 1,611 | 49,297 | ||||||
SCANA Corp. (b) | 350 | 15,974 | ||||||
Sempra Energy | 714 | 50,651 | ||||||
TECO Energy, Inc. (b) | 631 | 10,576 | ||||||
Wisconsin Energy Corp. | 748 | 27,564 | ||||||
509,708 | ||||||||
MULTILINE RETAIL — 0.8% | ||||||||
Dillard’s, Inc. (Class A) (b) | 100 | 8,377 | ||||||
Dollar General Corp. (a)(b) | 810 | 35,713 | ||||||
Dollar Tree, Inc. (a) | 752 | 30,501 | ||||||
Family Dollar Stores, Inc. (b) | 321 | 20,355 | ||||||
J.C. Penney Co., Inc. (b) | 493 | 9,717 | ||||||
Kohl’s Corp. (b) | 710 | 30,516 | ||||||
Macy’s, Inc. | 1,227 | 47,877 | ||||||
Nordstrom, Inc. | 440 | 23,540 | ||||||
Sears Holdings Corp. (a)(b) | 133 | 5,501 | ||||||
Target Corp. | 1,986 | 117,512 | ||||||
329,609 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. (b) | 4,188 | 28,562 | ||||||
OIL, GAS & CONSUMABLE FUELS — 8.7% | ||||||||
Anadarko Petroleum Corp. | 1,552 | 115,329 | ||||||
Apache Corp. | 1,232 | 96,712 | ||||||
Cabot Oil & Gas Corp. | 678 | 33,724 | ||||||
Chesapeake Energy Corp. (b) | 1,576 | 26,193 | ||||||
Chevron Corp. | 6,128 | 662,682 | ||||||
Cimarex Energy Co. | 255 | 14,721 | ||||||
Cobalt International Energy, Inc. (a)(b) | 525 | 12,894 | ||||||
Concho Resources, Inc. (a)(b) | 315 | 25,376 | ||||||
ConocoPhillips | 3,730 | 216,303 | ||||||
CONSOL Energy, Inc. (b) | 653 | 20,961 | ||||||
Continental Resources, Inc. (a)(b) | 178 | 13,081 | ||||||
Denbury Resources, Inc. (a)(b) | 1,210 | 19,602 | ||||||
Devon Energy Corp. | 1,185 | 61,667 | ||||||
Energen Corp. | 197 | 8,883 | ||||||
EOG Resources, Inc. | 827 | 99,893 | ||||||
EQT Corp. | 461 | 27,190 | ||||||
Exxon Mobil Corp. | 14,206 | 1,229,529 | ||||||
Hess Corp. | 933 | 49,412 | ||||||
Hollyfrontier Corp. | 597 | 27,790 | ||||||
Kinder Morgan, Inc. | 1,982 | 70,024 | ||||||
Marathon Oil Corp. | 2,147 | 65,827 | ||||||
Marathon Petroleum Corp. | 1,073 | 67,599 | ||||||
Murphy Oil Corp. (b) | 598 | 35,611 | ||||||
Newfield Exploration Co. (a) | 409 | 10,953 | ||||||
Noble Energy, Inc. | 539 | 54,838 | ||||||
Occidental Petroleum Corp. | 2,517 | 192,827 | ||||||
Peabody Energy Corp. | 860 | 22,885 | ||||||
Phillips 66 | 1,914 | 101,633 | ||||||
Pioneer Natural Resources Co. (b) | 361 | 38,479 | ||||||
Plains Exploration & Production Co. (a) | 402 | 18,870 |
See accompanying notes to financial statements.
121
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
QEP Resources, Inc. | 550 | $ | 16,648 | |||||
Range Resources Corp. (b) | 489 | 30,724 | ||||||
SandRidge Energy, Inc. (a)(b) | 1,125 | 7,144 | ||||||
SM Energy Co. | 170 | 8,876 | ||||||
Southwestern Energy Co. (a)(b) | 1,085 | 36,250 | ||||||
Spectra Energy Corp. | 2,000 | 54,760 | ||||||
Tesoro Corp. | 400 | 17,620 | ||||||
The Williams Cos., Inc. | 2,135 | 69,900 | ||||||
Ultra Petroleum Corp. (a)(b) | 478 | 8,666 | ||||||
Valero Energy Corp. | 1,680 | 57,322 | ||||||
Whiting Petroleum Corp. (a) | 380 | 16,481 | ||||||
WPX Energy, Inc. (a)(b) | 612 | 9,107 | ||||||
3,774,986 | ||||||||
PAPER & FOREST PRODUCTS — 0.3% | ||||||||
International Paper Co. | 1,313 | 52,310 | ||||||
MeadWestvaco Corp. | 529 | 16,859 | ||||||
Weyerhaeuser Co. | 1,636 | 45,514 | ||||||
114,683 | ||||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
Avon Products, Inc. | 1,361 | 19,544 | ||||||
Herbalife, Ltd. (b) | 372 | 12,254 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 748 | 44,775 | ||||||
76,573 | ||||||||
PHARMACEUTICALS — 5.7% | ||||||||
Abbott Laboratories | 4,928 | 322,784 | ||||||
Allergan, Inc. | 950 | 87,143 | ||||||
Bristol-Myers Squibb Co. (b) | 5,201 | 169,501 | ||||||
Eli Lilly & Co. | 3,197 | 157,676 | ||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 329 | 8,643 | ||||||
Forest Laboratories, Inc. (a) | 787 | 27,797 | ||||||
Hospira, Inc. (a) | 501 | 15,651 | ||||||
Johnson & Johnson | 8,612 | 603,701 | ||||||
Merck & Co., Inc. | 9,490 | 388,521 | ||||||
Mylan, Inc. (a) | 1,324 | 36,383 | ||||||
Perrigo Co. (b) | 271 | 28,192 | ||||||
Pfizer, Inc. | 22,821 | 572,351 | ||||||
Warner Chilcott PLC (Class A) | 554 | 6,670 | ||||||
Watson Pharmaceuticals, Inc. (a) | 418 | 35,948 | ||||||
2,460,961 | ||||||||
PROFESSIONAL SERVICES — 0.3% | ||||||||
Dun & Bradstreet Corp. (b) | 130 | 10,225 | ||||||
Equifax, Inc. (b) | 409 | 22,135 | ||||||
IHS, Inc. (Class A) (a) | 148 | 14,208 | ||||||
Manpower, Inc. | 244 | 10,355 | ||||||
Nielsen Holdings NV (a) | 385 | 11,777 | ||||||
Robert Half International, Inc. (b) | 448 | 14,256 | ||||||
Towers Watson & Co. (Class A) | 182 | 10,230 | ||||||
Verisk Analytics, Inc. (Class A) (a) | 472 | 24,072 | ||||||
117,258 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.8% | ||||||||
Alexandria Real Estate Equities, Inc. | 176 | 12,200 | ||||||
American Campus Communities, Inc. | 300 | 13,839 | ||||||
American Capital Agency Corp. | 1,098 | 31,776 | ||||||
American Tower Corp. | 1,245 | 96,201 | ||||||
Annaly Capital Management, Inc. (b) | 2,994 | 42,036 | ||||||
AvalonBay Communities, Inc. (b) | 351 | 47,592 | ||||||
Boston Properties, Inc. | 458 | 48,461 | ||||||
BRE Properties, Inc. (b) | 231 | 11,742 | ||||||
Camden Property Trust (b) | 219 | 14,938 | ||||||
Chimera Investment Corp. | 3,129 | 8,167 | ||||||
DDR Corp. (b) | 699 | 10,946 | ||||||
Digital Realty Trust, Inc. (b) | 415 | 28,174 | ||||||
Equity Residential | 1,009 | 57,180 | ||||||
Essex Property Trust, Inc. (b) | 104 | 15,252 | ||||||
Federal Realty Investment Trust | 180 | 18,724 | ||||||
General Growth Properties, Inc. | 1,440 | 28,584 | ||||||
HCP, Inc. | 1,350 | 60,993 | ||||||
Health Care REIT, Inc. | 819 | 50,197 | ||||||
Host Hotels & Resorts, Inc. (b) | 2,246 | 35,195 | ||||||
Kimco Realty Corp. (b) | 1,292 | 24,961 | ||||||
Liberty Property Trust | 393 | 14,058 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) | 550 | 9,927 | ||||||
Plum Creek Timber Co., Inc. (b) | 548 | 24,315 | ||||||
ProLogis | 1,450 | 52,910 | ||||||
Public Storage | 435 | 63,058 | ||||||
Rayonier, Inc. (b) | 369 | 19,125 | ||||||
Realty Income Corp. (b) | 394 | 15,843 | ||||||
Regency Centers Corp. | 301 | 14,183 | ||||||
Senior Housing Properties Trust (b) | 500 | 11,820 | ||||||
Simon Property Group, Inc. | 946 | 149,553 | ||||||
SL Green Realty Corp. | 250 | 19,162 | ||||||
Taubman Centers, Inc. | 200 | 15,744 | ||||||
The Macerich Co. (b) | 421 | 24,544 | ||||||
UDR, Inc. | 713 | 16,955 | ||||||
Ventas, Inc. | 897 | 58,054 | ||||||
Vornado Realty Trust | 523 | 41,882 | ||||||
1,208,291 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
CBRE Group, Inc. (a) | 989 | 19,681 | ||||||
Jones Lang LaSalle, Inc. | 130 | 10,912 | ||||||
Realogy Holdings Corp. (a) | 100 | 4,196 | ||||||
34,789 | ||||||||
ROAD & RAIL — 0.8% | ||||||||
CSX Corp. | 3,305 | 65,208 | ||||||
Hertz Global Holdings, Inc. (a)(b) | 768 | 12,495 | ||||||
J.B. Hunt Transport Services, Inc. (b) | 271 | 16,181 | ||||||
Kansas City Southern (b) | 339 | 28,300 | ||||||
Norfolk Southern Corp. | 927 | 57,326 | ||||||
Union Pacific Corp. | 1,462 | 183,802 | ||||||
363,312 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.0% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 1,741 | 4,178 | ||||||
Altera Corp. | 1,044 | 35,955 | ||||||
Analog Devices, Inc. (b) | 926 | 38,948 | ||||||
Applied Materials, Inc. | 3,554 | 40,658 | ||||||
Atmel Corp. (a) | 1,377 | 9,019 | ||||||
Broadcom Corp. (Class A) (a) | 1,621 | 53,834 | ||||||
Cree, Inc. (a)(b) | 337 | 11,451 | ||||||
Intel Corp. | 15,455 | 318,837 | ||||||
KLA-Tencor Corp. | 550 | 26,268 | ||||||
Lam Research Corp. (a) | 562 | 20,305 |
See accompanying notes to financial statements.
122
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Linear Technology Corp. | 652 | $ | 22,364 | |||||
LSI Corp. (a) | 1,752 | 12,404 | ||||||
Marvell Technology Group, Ltd. | 1,501 | 10,897 | ||||||
Maxim Integrated Products, Inc. | 931 | 27,371 | ||||||
Microchip Technology, Inc. (b) | 580 | 18,902 | ||||||
Micron Technology, Inc. (a) | 2,831 | 17,977 | ||||||
NVIDIA Corp. | 1,900 | 23,351 | ||||||
ON Semiconductor Corp. (a)(b) | 1,266 | 8,925 | ||||||
Skyworks Solutions, Inc. (a) | 612 | 12,424 | ||||||
Texas Instruments, Inc. | 3,547 | 109,744 | ||||||
Xilinx, Inc. | 782 | 28,074 | ||||||
851,886 | ||||||||
SOFTWARE — 3.6% | ||||||||
Activision Blizzard, Inc. (b) | 1,304 | 13,849 | ||||||
Adobe Systems, Inc. (a) | 1,560 | 58,781 | ||||||
Ansys, Inc. (a) | 289 | 19,461 | ||||||
Autodesk, Inc. (a) | 720 | 25,452 | ||||||
BMC Software, Inc. (a) | 484 | 19,195 | ||||||
CA, Inc. | 1,089 | 23,936 | ||||||
Citrix Systems, Inc. (a) | 572 | 37,609 | ||||||
Concur Technologies, Inc. (a)(b) | 100 | 6,752 | ||||||
Electronic Arts, Inc. (a) | 1,006 | 14,617 | ||||||
Factset Research Systems, Inc. (b) | 141 | 12,417 | ||||||
Fortinet, Inc. (a)(b) | 400 | 8,428 | ||||||
Informatica Corp. (a) | 359 | 10,885 | ||||||
Intuit, Inc. (b) | 846 | 50,337 | ||||||
MICROS Systems, Inc. (a)(b) | 200 | 8,488 | ||||||
Microsoft Corp. | 23,530 | 628,957 | ||||||
NetSuite, Inc. (a) | 100 | 6,730 | ||||||
Nuance Communications, Inc. (a)(b) | 676 | 15,088 | ||||||
Oracle Corp. | 11,594 | 386,312 | ||||||
Red Hat, Inc. (a) | 601 | 31,829 | ||||||
Salesforce.com, Inc. (a)(b) | 398 | 66,904 | ||||||
Solarwinds, Inc. (a) | 200 | 10,490 | ||||||
Solera Holdings, Inc. (b) | 217 | 11,603 | ||||||
Symantec Corp. (a) | 2,212 | 41,608 | ||||||
Synopsys, Inc. (a) | 443 | 14,105 | ||||||
TIBCO Software, Inc. (a) | 523 | 11,511 | ||||||
VMware, Inc. (Class A) (a)(b) | 255 | 24,006 | ||||||
1,559,350 | ||||||||
SPECIALTY RETAIL — 2.3% | ||||||||
Abercrombie & Fitch Co. (Class A) | 271 | 13,000 | ||||||
Advance Auto Parts, Inc. | 228 | 16,496 | ||||||
American Eagle Outfitters, Inc. (b) | 566 | 11,609 | ||||||
AutoNation, Inc. (a) | 137 | 5,439 | ||||||
AutoZone, Inc. (a) | 116 | 41,114 | ||||||
Bed Bath & Beyond, Inc. (a)(b) | 670 | 37,460 | ||||||
Best Buy Co., Inc. (b) | 938 | 11,115 | ||||||
CarMax, Inc. (a)(b) | 698 | 26,203 | ||||||
Dick’s Sporting Goods, Inc. | 259 | 11,782 | ||||||
Foot Locker, Inc. | 500 | 16,060 | ||||||
GNC Holdings, Inc. (Class A) (b) | 200 | 6,656 | ||||||
Limited Brands, Inc. (b) | 709 | 33,365 | ||||||
Lowe’s Cos., Inc. | 3,519 | 124,995 | ||||||
O’Reilly Automotive, Inc. (a) | 363 | 32,459 | ||||||
PetSmart, Inc. | 350 | 23,919 | ||||||
Ross Stores, Inc. | 646 | 34,981 | ||||||
Sally Beauty Holdings, Inc. (a)(b) | 400 | 9,428 | ||||||
Signet Jewelers, Ltd. (b) | 300 | 16,020 | ||||||
Staples, Inc. (b) | 2,231 | 25,433 | ||||||
The Gap, Inc. | 944 | 29,302 | ||||||
The Home Depot, Inc. | 4,609 | 285,067 | ||||||
Tiffany & Co. (b) | 394 | 22,592 | ||||||
TJX Cos., Inc. | 2,280 | 96,786 | ||||||
Tractor Supply Co. | 220 | 19,439 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. | 193 | 18,964 | ||||||
Urban Outfitters, Inc. (a) | 352 | 13,855 | ||||||
Williams-Sonoma, Inc. (b) | 300 | 13,131 | ||||||
996,670 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.7% | ||||||||
Coach, Inc. (b) | 867 | 48,127 | ||||||
Fossil, Inc. (a) | 165 | 15,362 | ||||||
Michael Kors Holdings Ltd. (a)(b) | 366 | 18,677 | ||||||
NIKE, Inc. (Class B) | 2,294 | 118,370 | ||||||
PVH Corp. | 224 | 24,866 | ||||||
Ralph Lauren Corp. | 181 | 27,136 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 200 | 9,706 | ||||||
V.F. Corp. | 274 | 41,366 | ||||||
303,610 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Hudson City Bancorp, Inc. | 1,552 | 12,618 | ||||||
New York Community Bancorp, Inc. (b) | 1,291 | 16,912 | ||||||
People’s United Financial, Inc. (b) | 1,123 | 13,577 | ||||||
TFS Financial Corp. (a) | 299 | 2,876 | ||||||
45,983 | ||||||||
TOBACCO — 1.7% | ||||||||
Altria Group, Inc. | 6,292 | 197,695 | ||||||
Lorillard, Inc. | 420 | 49,001 | ||||||
Philip Morris International, Inc. | 5,196 | 434,593 | ||||||
Reynolds American, Inc. (b) | 1,065 | 44,123 | ||||||
725,412 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.2% | ||||||||
Fastenal Co. (b) | 801 | 37,399 | ||||||
MSC Industrial Direct Co., Inc. (Class A) | 137 | 10,327 | ||||||
W.W. Grainger, Inc. | 179 | 36,224 | ||||||
83,950 | ||||||||
WATER UTILITIES — 0.1% | ||||||||
American Water Works Co., Inc. | 524 | 19,456 | ||||||
Aqua America, Inc. (b) | 423 | 10,753 | ||||||
30,209 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.4% | ||||||||
Crown Castle International Corp. (a) | 941 | 67,903 | ||||||
MetroPCS Communications, Inc. (a) | 790 | 7,853 | ||||||
SBA Communications Corp. (Class A) (a)(b) | 367 | 26,064 | ||||||
Sprint Nextel Corp. (a) | 8,927 | 50,616 | ||||||
Telephone & Data Systems, Inc. | 360 | 7,970 | ||||||
US Cellular Corp. (a)(b) | 52 | 1,832 | ||||||
162,238 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $38,012,974) | 43,303,360 | |||||||
See accompanying notes to financial statements.
123
SPDR Dow Jones Large Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
SHORT TERM INVESTMENTS — 7.3% | ||||||||
MONEY MARKET FUNDS — 7.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 2,798,680 | $ | 2,798,680 | |||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 377,140 | 377,140 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,175,820) | 3,175,820 | |||||||
TOTAL INVESTMENTS — 107.1% (g) | ||||||||
(Cost $41,188,794) | 46,479,180 | |||||||
OTHER ASSETS & LIABILITIES — (7.1)% | (3,072,224 | ) | ||||||
NET ASSETS — 100.0% | $ | 43,406,956 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
124
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AEROSPACE & DEFENSE — 1.6% | ||||||||
Honeywell International, Inc. | 12,399 | $ | 786,964 | |||||
Lockheed Martin Corp. | 3,958 | 365,284 | ||||||
Precision Castparts Corp. | 2,665 | 504,804 | ||||||
Rockwell Collins, Inc. | 2,182 | 126,927 | ||||||
The Boeing Co. | 22,341 | 1,683,618 | ||||||
3,467,597 | ||||||||
AIR FREIGHT & LOGISTICS — 0.5% | ||||||||
C.H. Robinson Worldwide, Inc. | 2,740 | 173,223 | ||||||
Expeditors International of Washington, Inc. | 3,193 | 126,283 | ||||||
United Parcel Service, Inc. (Class B) | 11,957 | 881,590 | ||||||
1,181,096 | ||||||||
AIRLINES — 0.1% | ||||||||
Southwest Airlines Co. | 24,300 | 248,832 | ||||||
AUTO COMPONENTS — 0.3% | ||||||||
BorgWarner, Inc. (a)(b) | 3,892 | 278,745 | ||||||
Delphi Automotive PLC (a) | 9,700 | 371,025 | ||||||
649,770 | ||||||||
AUTOMOBILES — 0.1% | ||||||||
Harley-Davidson, Inc. | 4,477 | 218,657 | ||||||
BEVERAGES — 4.3% | ||||||||
Brown-Forman Corp. (Class B) | 4,948 | 312,961 | ||||||
Coca-Cola Enterprises, Inc. | 5,300 | 168,169 | ||||||
Constellation Brands, Inc. (Class A) (a) | 5,000 | 176,950 | ||||||
Dr. Pepper Snapple Group, Inc. (b) | 6,861 | 303,119 | ||||||
Monster Beverage Corp. (a) | 4,779 | 252,714 | ||||||
PepsiCo, Inc. | 50,777 | 3,474,670 | ||||||
The Coca-Cola Co. | 126,716 | 4,593,455 | ||||||
9,282,038 | ||||||||
BIOTECHNOLOGY — 3.2% | ||||||||
Alexion Pharmaceuticals, Inc. (a) | 6,396 | 600,009 | ||||||
Amgen, Inc. | 25,176 | 2,173,192 | ||||||
Biogen Idec, Inc. (a) | 7,771 | 1,139,772 | ||||||
Celgene Corp. (a) | 13,880 | 1,092,634 | ||||||
Gilead Sciences, Inc. (a) | 24,864 | 1,826,261 | ||||||
6,831,868 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Masco Corp. | 11,733 | 195,472 | ||||||
CAPITAL MARKETS — 1.3% | ||||||||
Ameriprise Financial, Inc. | 6,800 | 425,884 | ||||||
BlackRock, Inc. | 2,492 | 515,121 | ||||||
Franklin Resources, Inc. | 4,517 | 567,787 | ||||||
Invesco, Ltd. | 9,500 | 247,855 | ||||||
T. Rowe Price Group, Inc. | 8,349 | 543,771 | ||||||
The Bank of New York Mellon Corp. | 19,600 | 503,720 | ||||||
2,804,138 | ||||||||
CHEMICALS — 3.1% | ||||||||
Airgas, Inc. | 1,299 | 118,586 | ||||||
CF Industries Holdings, Inc. | 2,076 | 421,760 | ||||||
E. I. du Pont de Nemours & Co. | 15,058 | 677,158 | ||||||
Eastman Chemical Co. | 5,074 | 345,286 | ||||||
Ecolab, Inc. | 8,654 | 622,222 | ||||||
FMC Corp. | 4,513 | 264,101 | ||||||
International Flavors & Fragrances, Inc. | 1,562 | 103,935 | ||||||
Monsanto Co. | 17,580 | 1,663,947 | ||||||
PPG Industries, Inc. | 5,019 | 679,322 | ||||||
Praxair, Inc. | 5,541 | 606,462 | ||||||
Sigma-Aldrich Corp. | 2,270 | 167,027 | ||||||
The Mosaic Co. | 9,079 | 514,144 | ||||||
The Sherwin-Williams Co. | 2,835 | 436,080 | ||||||
6,620,030 | ||||||||
COMMERCIAL BANKS — 1.4% | ||||||||
Comerica, Inc. | 2,800 | 84,952 | ||||||
First Horizon National Corp. (b) | 4,000 | 39,640 | ||||||
Huntington Bancshares, Inc. | 28,200 | 180,198 | ||||||
Keycorp | 15,700 | 132,194 | ||||||
M&T Bank Corp. | 2,600 | 256,022 | ||||||
Regions Financial Corp. | 22,300 | 158,776 | ||||||
U.S. Bancorp | 61,800 | 1,973,892 | ||||||
Zions Bancorporation | 6,100 | 130,540 | ||||||
2,956,214 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.3% | ||||||||
Cintas Corp. | 3,500 | 143,150 | ||||||
Iron Mountain, Inc. | 2,709 | 84,114 | ||||||
Stericycle, Inc. (a) | 2,814 | 262,462 | ||||||
The ADT Corp. | 4,596 | 213,668 | ||||||
703,394 | ||||||||
COMMUNICATIONS EQUIPMENT — 2.6% | ||||||||
Cisco Systems, Inc. | 82,000 | 1,611,300 | ||||||
F5 Networks, Inc. (a) | 2,510 | 243,846 | ||||||
Harris Corp. | 2,100 | 102,816 | ||||||
JDS Uniphase Corp. (a) | 7,700 | 104,258 | ||||||
QUALCOMM, Inc. | 55,977 | 3,471,694 | ||||||
5,533,914 | ||||||||
COMPUTERS & PERIPHERALS — 8.7% | ||||||||
Apple, Inc. | 30,905 | 16,473,292 | ||||||
EMC Corp. (a) | 69,263 | 1,752,354 | ||||||
NetApp, Inc. (a) | 7,466 | 250,484 | ||||||
Seagate Technology PLC (b) | 11,062 | 337,170 | ||||||
18,813,300 | ||||||||
CONSTRUCTION & ENGINEERING — 0.1% | ||||||||
Quanta Services, Inc. (a) | 7,000 | 191,030 | ||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Vulcan Materials Co. | 2,900 | 150,945 | ||||||
CONSUMER FINANCE — 1.3% | ||||||||
American Express Co. | 31,982 | 1,838,325 | ||||||
Discover Financial Services | 16,600 | 639,930 | ||||||
SLM Corp. | 15,200 | 260,376 | ||||||
2,738,631 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Ball Corp. | 5,113 | 228,807 | ||||||
Bemis Co., Inc. | 1,400 | 46,844 | ||||||
Sealed Air Corp. | 3,200 | 56,032 | ||||||
331,683 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.0% (c) | ||||||||
H&R Block, Inc. | 3,900 | 72,423 | ||||||
See accompanying notes to financial statements.
125
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
DIVERSIFIED FINANCIAL SERVICES — 2.1% | ||||||||
Bank of America Corp. | 354,100 | $ | 4,107,560 | |||||
IntercontinentalExchange, Inc. (a) | 1,575 | 195,001 | ||||||
Moody’s Corp. | 6,356 | 319,834 | ||||||
4,622,395 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.9% | ||||||||
Verizon Communications, Inc. | 44,127 | 1,909,375 | ||||||
ELECTRICAL EQUIPMENT — 0.7% | ||||||||
Eaton Corp. PLC | 7,400 | 401,080 | ||||||
Emerson Electric Co. | 10,726 | 568,049 | ||||||
Rockwell Automation, Inc. | 2,937 | 246,678 | ||||||
Roper Industries, Inc. | 3,241 | 361,307 | ||||||
1,577,114 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.3% | ||||||||
Amphenol Corp. (Class A) | 5,123 | 331,458 | ||||||
Molex, Inc. | 2,400 | 65,592 | ||||||
TE Connectivity, Ltd. | 6,300 | 233,856 | ||||||
630,906 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.2% | ||||||||
Cameron International Corp. (a) | 3,796 | 214,322 | ||||||
FMC Technologies, Inc. (a) | 3,580 | 153,331 | ||||||
Halliburton Co. | 13,126 | 455,341 | ||||||
Schlumberger, Ltd. | 26,603 | 1,843,322 | ||||||
2,666,316 | ||||||||
FOOD & STAPLES RETAILING — 0.5% | ||||||||
Costco Wholesale Corp. | 6,088 | 601,312 | ||||||
Whole Foods Market, Inc. | 5,692 | 519,850 | ||||||
1,121,162 | ||||||||
FOOD PRODUCTS — 0.9% | ||||||||
Campbell Soup Co. (b) | 3,046 | 106,275 | ||||||
General Mills, Inc. | 9,549 | 385,875 | ||||||
H.J. Heinz Co. (b) | 5,517 | 318,221 | ||||||
Kellogg Co. | 4,307 | 240,546 | ||||||
McCormick & Co., Inc. | 4,327 | 274,894 | ||||||
Mead Johnson Nutrition Co. | 3,519 | 231,867 | ||||||
The Hershey Co. | 4,911 | 354,672 | ||||||
The J.M. Smucker Co. | 1,849 | 159,458 | ||||||
2,071,808 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.2% | ||||||||
Baxter International, Inc. | 18,062 | 1,204,013 | ||||||
Becton, Dickinson and Co. | 3,232 | 252,710 | ||||||
Boston Scientific Corp. (a) | 19,500 | 111,735 | ||||||
C.R. Bard, Inc. | 1,634 | 159,707 | ||||||
Covidien PLC | 9,772 | 564,235 | ||||||
DENTSPLY International, Inc. | 2,684 | 106,313 | ||||||
Edwards Lifesciences Corp. (a) | 3,747 | 337,867 | ||||||
Intuitive Surgical, Inc. (a)(b) | 1,333 | 653,663 | ||||||
Medtronic, Inc. | 16,322 | 669,529 | ||||||
Stryker Corp. | 5,157 | 282,707 | ||||||
Varian Medical Systems, Inc. (a) | 2,371 | 166,539 | ||||||
Zimmer Holdings, Inc. | 4,083 | 272,173 | ||||||
4,781,191 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.5% | ||||||||
DaVita, Inc. (a) | 2,681 | 296,331 | ||||||
Express Scripts Holding Co. (a) | 14,486 | 782,244 | ||||||
1,078,575 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Cerner Corp. (a) | 4,791 | 371,973 | ||||||
HOTELS, RESTAURANTS & LEISURE — 2.1% | ||||||||
Chipotle Mexican Grill, Inc. (a) | 685 | 203,760 | ||||||
Marriott International, Inc. (Class A) | 4,575 | 170,510 | ||||||
McDonald’s Corp. | 17,184 | 1,515,801 | ||||||
Starbucks Corp. | 24,440 | 1,310,473 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 3,929 | 225,367 | ||||||
Wyndham Worldwide Corp. | 4,600 | 244,766 | ||||||
Wynn Resorts, Ltd. | 2,530 | 284,600 | ||||||
Yum! Brands, Inc. | 9,673 | 642,287 | ||||||
4,597,564 | ||||||||
HOUSEHOLD DURABLES — 0.4% | ||||||||
D.R. Horton, Inc. | 9,200 | 181,976 | ||||||
Leggett & Platt, Inc. (b) | 4,700 | 127,934 | ||||||
Lennar Corp. (Class A) | 5,400 | 208,818 | ||||||
Newell Rubbermaid, Inc. | 9,500 | 211,565 | ||||||
Pulte Group, Inc. (a)(b) | 11,186 | 203,138 | ||||||
933,431 | ||||||||
HOUSEHOLD PRODUCTS — 2.2% | ||||||||
Colgate-Palmolive Co. | 9,039 | 944,937 | ||||||
Kimberly-Clark Corp. | 7,421 | 626,555 | ||||||
The Clorox Co. | 2,340 | 171,335 | ||||||
The Procter & Gamble Co. | 44,027 | 2,988,993 | ||||||
4,731,820 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.8% | ||||||||
3M Co. | 11,960 | 1,110,486 | ||||||
Danaher Corp. | 11,492 | 642,403 | ||||||
1,752,889 | ||||||||
INSURANCE — 0.5% | ||||||||
Aon PLC | 6,485 | 360,566 | ||||||
Marsh & McLennan Cos., Inc. | 9,100 | 313,677 | ||||||
Prudential Financial, Inc. | 7,000 | 373,310 | ||||||
1,047,553 | ||||||||
INTERNET & CATALOG RETAIL — 2.1% | ||||||||
Amazon.com, Inc. (a) | 11,909 | 2,990,826 | ||||||
Expedia, Inc. | 2,065 | 126,894 | ||||||
Netflix, Inc. (a)(b) | 1,819 | 168,767 | ||||||
Priceline.com, Inc. (a) | 1,638 | 1,017,526 | ||||||
TripAdvisor, Inc. (a)(b) | 3,655 | 153,364 | ||||||
4,457,377 | ||||||||
INTERNET SOFTWARE & SERVICES — 4.3% | ||||||||
Akamai Technologies, Inc. (a) | 5,882 | 240,633 | ||||||
eBay, Inc. (a) | 38,302 | 1,954,168 | ||||||
Google, Inc. (Class A) (a) | 8,753 | 6,209,116 | ||||||
VeriSign, Inc. (a) | 5,097 | 197,865 | ||||||
Yahoo!, Inc. (a) | 34,200 | 680,580 | ||||||
9,282,362 | ||||||||
IT SERVICES — 5.2% | ||||||||
Accenture PLC (Class A) | 13,627 | 906,196 | ||||||
Automatic Data Processing, Inc. | 9,302 | 530,307 |
See accompanying notes to financial statements.
126
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 9,917 | $ | 734,354 | |||||
Computer Sciences Corp. | 3,200 | 128,160 | ||||||
Fidelity National Information Services, Inc. | 5,700 | 198,417 | ||||||
Fiserv, Inc. (a) | 4,371 | 345,440 | ||||||
International Business Machines Corp. | 18,151 | 3,476,824 | ||||||
Mastercard, Inc. (Class A) | 3,511 | 1,724,884 | ||||||
Paychex, Inc. | 6,062 | 188,771 | ||||||
Teradata Corp. (a) | 5,552 | 343,613 | ||||||
Total System Services, Inc. | 2,600 | 55,692 | ||||||
Visa, Inc. (Class A) | 17,161 | 2,601,264 | ||||||
11,233,922 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Mattel, Inc. | 11,257 | 412,231 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.7% | ||||||||
Agilent Technologies, Inc. | 11,417 | 467,412 | ||||||
Life Technologies Corp. (a) | 5,549 | 272,345 | ||||||
PerkinElmer, Inc. | 3,800 | 120,612 | ||||||
Thermo Fisher Scientific, Inc. | 8,006 | 510,623 | ||||||
Waters Corp. (a) | 1,758 | 153,157 | ||||||
1,524,149 | ||||||||
MACHINERY — 1.8% | ||||||||
Cummins, Inc. | 5,858 | 634,714 | ||||||
Deere & Co. | 8,721 | 753,669 | ||||||
Dover Corp. | 3,286 | 215,923 | ||||||
Flowserve Corp. | 990 | 145,332 | ||||||
Illinois Tool Works, Inc. | 14,060 | 854,989 | ||||||
Ingersoll-Rand PLC | 5,300 | 254,188 | ||||||
PACCAR, Inc. | 11,600 | 524,436 | ||||||
Pall Corp. | 1,984 | 119,556 | ||||||
Pentair, Ltd. | 3,636 | 178,709 | ||||||
Snap-On, Inc. | 1,877 | 148,264 | ||||||
Xylem, Inc. | 2,800 | 75,880 | ||||||
3,905,660 | ||||||||
MEDIA — 6.0% | ||||||||
CBS Corp. | 19,400 | 738,170 | ||||||
Comcast Corp. (Class A) | 87,300 | 3,263,274 | ||||||
DIRECTV (Class A) (a) | 19,847 | 995,526 | ||||||
Discovery Communications, Inc. (Series A) (a) | 7,896 | 501,238 | ||||||
Gannett Co., Inc. | 3,500 | 63,035 | ||||||
News Corp. (Class A) | 66,300 | 1,693,302 | ||||||
Omnicom Group, Inc. | 4,865 | 243,055 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 2,710 | 156,963 | ||||||
The Interpublic Group of Cos., Inc. | 6,100 | 67,222 | ||||||
The McGraw-Hill Cos., Inc. | 5,947 | 325,122 | ||||||
The Walt Disney Co. | 40,800 | 2,031,432 | ||||||
Time Warner Cable, Inc. | 9,908 | 962,959 | ||||||
Time Warner, Inc. | 31,100 | 1,487,513 | ||||||
Viacom, Inc. (Class B) | 8,477 | 447,077 | ||||||
12,975,888 | ||||||||
METALS & MINING — 0.1% | ||||||||
Nucor Corp. | 5,000 | 215,900 | ||||||
MULTI-UTILITIES — 0.1% | ||||||||
Sempra Energy | 3,700 | 262,478 | ||||||
MULTILINE RETAIL — 0.5% | ||||||||
Dollar General Corp. (a) | 5,772 | 254,487 | ||||||
Dollar Tree, Inc. (a) | 7,246 | 293,898 | ||||||
Family Dollar Stores, Inc. | 3,066 | 194,415 | ||||||
Nordstrom, Inc. | 5,026 | 268,891 | ||||||
1,011,691 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 5.3% | ||||||||
Anadarko Petroleum Corp. | 8,338 | 619,597 | ||||||
Cabot Oil & Gas Corp. | 4,156 | 206,720 | ||||||
Denbury Resources, Inc. (a) | 12,700 | 205,740 | ||||||
EOG Resources, Inc. | 8,937 | 1,079,500 | ||||||
EQT Corp. | 2,239 | 132,056 | ||||||
Exxon Mobil Corp. | 80,873 | 6,999,558 | ||||||
Marathon Petroleum Corp. | 5,100 | 321,300 | ||||||
Noble Energy, Inc. | 5,895 | 599,757 | ||||||
Pioneer Natural Resources Co. (b) | 4,102 | 437,232 | ||||||
Range Resources Corp. | 3,177 | 199,611 | ||||||
Southwestern Energy Co. (a) | 6,021 | 201,162 | ||||||
Tesoro Corp. | 4,600 | 202,630 | ||||||
The Williams Cos., Inc. | 10,851 | 355,262 | ||||||
11,560,125 | ||||||||
PAPER & FOREST PRODUCTS — 0.1% | ||||||||
Weyerhaeuser Co. | 11,200 | 311,584 | ||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
The Estee Lauder Cos., Inc. (Class A) | 4,844 | 289,962 | ||||||
PHARMACEUTICALS — 8.1% | ||||||||
Abbott Laboratories | 32,675 | 2,140,212 | ||||||
Allergan, Inc. | 6,457 | 592,301 | ||||||
Bristol-Myers Squibb Co. | 30,334 | 988,585 | ||||||
Eli Lilly & Co. | 33,568 | 1,655,574 | ||||||
Johnson & Johnson | 48,213 | 3,379,731 | ||||||
Merck & Co., Inc. | 99,852 | 4,087,941 | ||||||
Mylan, Inc. (a) | 13,427 | 368,974 | ||||||
Perrigo Co. | 2,888 | 300,439 | ||||||
Pfizer, Inc. | 142,700 | 3,578,916 | ||||||
Watson Pharmaceuticals, Inc. (a) | 4,199 | 361,114 | ||||||
17,453,787 | ||||||||
PROFESSIONAL SERVICES — 0.2% | ||||||||
Dun & Bradstreet Corp. (b) | 751 | 59,066 | ||||||
Equifax, Inc. | 3,955 | 214,045 | ||||||
Robert Half International, Inc. | 2,837 | 90,273 | ||||||
363,384 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.4% | ||||||||
American Tower Corp. | 12,988 | 1,003,583 | ||||||
Apartment Investment & Management Co. (Class A) | 2,589 | 70,058 | ||||||
AvalonBay Communities, Inc. | 2,005 | 271,858 | ||||||
Boston Properties, Inc. | 2,640 | 279,338 | ||||||
Equity Residential | 5,659 | 320,696 | ||||||
HCP, Inc. | 8,278 | 374,000 | ||||||
Health Care REIT, Inc. | 8,518 | 522,068 | ||||||
Kimco Realty Corp. | 7,100 | 137,172 | ||||||
Plum Creek Timber Co., Inc. (b) | 2,864 | 127,076 | ||||||
Public Storage | 2,512 | 364,139 |
See accompanying notes to financial statements.
127
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Simon Property Group, Inc. | 6,434 | $ | 1,017,151 | |||||
Ventas, Inc. | 6,526 | 422,363 | ||||||
Vornado Realty Trust | 2,844 | 227,748 | ||||||
5,137,250 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
CBRE Group, Inc. (a) | 6,000 | 119,400 | ||||||
ROAD & RAIL — 0.9% | ||||||||
Union Pacific Corp. | 15,434 | 1,940,362 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.1% | ||||||||
Altera Corp. | 5,744 | 197,823 | ||||||
Analog Devices, Inc. | 6,647 | 279,573 | ||||||
Applied Materials, Inc. | 39,400 | 450,736 | ||||||
Broadcom Corp. (Class A) (a) | 17,010 | 564,902 | ||||||
Intel Corp. | 163,504 | 3,373,088 | ||||||
KLA-Tencor Corp. | 5,457 | 260,626 | ||||||
Lam Research Corp. (a) | 3,328 | 120,241 | ||||||
Linear Technology Corp. | 5,081 | 174,278 | ||||||
LSI Corp. (a) | 18,223 | 129,019 | ||||||
Microchip Technology, Inc. (b) | 4,009 | 130,653 | ||||||
Micron Technology, Inc. (a) | 14,400 | 91,440 | ||||||
Teradyne, Inc. (a)(b) | 6,220 | 105,056 | ||||||
Texas Instruments, Inc. | 22,493 | 695,933 | ||||||
Xilinx, Inc. | 5,370 | 192,783 | ||||||
6,766,151 | ||||||||
SOFTWARE — 5.0% | ||||||||
Adobe Systems, Inc. (a) | 16,315 | 614,749 | ||||||
Autodesk, Inc. (a) | 4,792 | 169,397 | ||||||
BMC Software, Inc. (a) | 2,927 | 116,085 | ||||||
Citrix Systems, Inc. (a) | 3,564 | 234,333 | ||||||
Intuit, Inc. | 9,128 | 543,116 | ||||||
Microsoft Corp. | 136,897 | 3,659,257 | ||||||
Oracle Corp. | 123,475 | 4,114,187 | ||||||
Red Hat, Inc. (a) | 6,359 | 336,773 | ||||||
Salesforce.com, Inc. (a)(b) | 4,262 | 716,442 | ||||||
Symantec Corp. (a) | 13,973 | 262,832 | ||||||
10,767,171 | ||||||||
SPECIALTY RETAIL — 3.7% | ||||||||
AutoNation, Inc. (a) | 600 | 23,820 | ||||||
AutoZone, Inc. (a) | 1,213 | 429,923 | ||||||
Bed Bath & Beyond, Inc. (a) | 3,792 | 212,011 | ||||||
CarMax, Inc. (a) | 4,700 | 176,438 | ||||||
Limited Brands, Inc. (b) | 7,886 | 371,115 | ||||||
Lowe’s Cos., Inc. | 37,000 | 1,314,240 | ||||||
O’Reilly Automotive, Inc. (a) | 3,752 | 335,504 | ||||||
PetSmart, Inc. | 3,392 | 231,809 | ||||||
Ross Stores, Inc. | 7,294 | 394,970 | ||||||
The Gap, Inc. | 9,800 | 304,192 | ||||||
The Home Depot, Inc. | 49,132 | 3,038,814 | ||||||
Tiffany & Co. (b) | 1,947 | 111,641 | ||||||
TJX Cos., Inc. | 24,004 | 1,018,970 | ||||||
Urban Outfitters, Inc. (a) | 3,627 | 142,759 | ||||||
8,106,206 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.0% | ||||||||
Coach, Inc. | 9,364 | 519,796 | ||||||
Fossil, Inc. (a) | 1,696 | 157,898 | ||||||
NIKE, Inc. (Class B) | 13,974 | 721,058 | ||||||
Ralph Lauren Corp. | 1,952 | 292,644 | ||||||
V.F. Corp. | 2,888 | 436,001 | ||||||
2,127,397 | ||||||||
TOBACCO — 3.0% | ||||||||
Altria Group, Inc. | 37,902 | 1,190,881 | ||||||
Lorillard, Inc. | 4,256 | 496,548 | ||||||
Philip Morris International, Inc. | 54,855 | 4,588,072 | ||||||
Reynolds American, Inc. (b) | 5,001 | 207,191 | ||||||
6,482,692 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.3% | ||||||||
Fastenal Co. (b) | 8,842 | 412,833 | ||||||
W.W. Grainger, Inc. | 1,216 | 246,082 | ||||||
658,915 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.6% | ||||||||
Crown Castle International Corp. (a) | 9,642 | 695,767 | ||||||
MetroPCS Communications, Inc. (a) | 5,400 | 53,676 | ||||||
Sprint Nextel Corp. (a) | 98,800 | 560,195 | ||||||
1,309,638 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $172,217,647) | 215,560,786 | |||||||
SHORT TERM INVESTMENTS — 1.8% | ||||||||
MONEY MARKET FUNDS — 1.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 1,894,941 | 1,894,941 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 1,896,594 | 1,896,594 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,791,535) | 3,791,535 | |||||||
TOTAL INVESTMENTS — 101.4% (g) | ||||||||
(Cost $176,009,182) | 219,352,321 | |||||||
OTHER ASSETS & LIABILITIES — (1.4)% | (2,995,473 | ) | ||||||
NET ASSETS — 100.0% | $ | 216,356,848 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
128
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AEROSPACE & DEFENSE — 3.2% | ||||||||
General Dynamics Corp. | 6,120 | $ | 423,932 | |||||
Honeywell International, Inc. | 7,572 | 480,595 | ||||||
L-3 Communications Holdings, Inc. | 1,725 | 132,170 | ||||||
Lockheed Martin Corp. | 2,700 | 249,183 | ||||||
Northrop Grumman Corp. (a) | 4,532 | 306,273 | ||||||
Precision Castparts Corp. | 1,192 | 225,789 | ||||||
Raytheon Co. | 6,163 | 354,742 | ||||||
Rockwell Collins, Inc. (a) | 1,344 | 78,180 | ||||||
Textron, Inc. | 5,142 | 127,470 | ||||||
United Technologies Corp. | 15,668 | 1,284,933 | ||||||
3,663,267 | ||||||||
AIR FREIGHT & LOGISTICS — 1.0% | ||||||||
C.H. Robinson Worldwide, Inc. | 1,500 | 94,830 | ||||||
Expeditors International of Washington, Inc. | 2,043 | 80,801 | ||||||
FedEx Corp. | 5,453 | 500,149 | ||||||
United Parcel Service, Inc. (Class B) | 6,500 | 479,245 | ||||||
1,155,025 | ||||||||
AUTO COMPONENTS — 0.4% | ||||||||
Johnson Controls, Inc. | 12,706 | 390,074 | ||||||
The Goodyear Tire & Rubber Co. (b) | 4,954 | 68,415 | ||||||
458,489 | ||||||||
AUTOMOBILES — 0.9% | ||||||||
Ford Motor Co. | 70,772 | 916,498 | ||||||
Harley-Davidson, Inc. | 1,618 | 79,023 | ||||||
995,521 | ||||||||
BEVERAGES — 0.3% | ||||||||
Beam, Inc. | 2,885 | 176,245 | ||||||
Coca-Cola Enterprises, Inc. | 2,006 | 63,650 | ||||||
Molson Coors Brewing Co. (Class B) | 2,873 | 122,936 | ||||||
362,831 | ||||||||
CAPITAL MARKETS — 2.7% | ||||||||
BlackRock, Inc. | 900 | 186,039 | ||||||
E*TRADE Financial Corp. (b) | 5,171 | 46,280 | ||||||
Invesco, Ltd. | 2,888 | 75,348 | ||||||
Legg Mason, Inc. | 2,058 | 52,932 | ||||||
Morgan Stanley | 25,654 | 490,504 | ||||||
Northern Trust Corp. | 3,999 | 200,590 | ||||||
State Street Corp. (c) | 8,580 | 403,346 | ||||||
The Bank of New York Mellon Corp. | 10,618 | 272,882 | ||||||
The Charles Schwab Corp. | 20,294 | 291,422 | ||||||
The Goldman Sachs Group, Inc. | 8,228 | 1,049,564 | ||||||
3,068,907 | ||||||||
CHEMICALS — 2.0% | ||||||||
Air Products & Chemicals, Inc. | 3,898 | 327,510 | ||||||
Airgas, Inc. | 576 | 52,583 | ||||||
E. I. du Pont de Nemours & Co. | 8,789 | 395,241 | ||||||
International Flavors & Fragrances, Inc. | 600 | 39,924 | ||||||
LyondellBasell Industries NV | 7,082 | 404,311 | ||||||
Praxair, Inc. | 2,400 | 262,680 | ||||||
Sigma-Aldrich Corp. | 900 | 66,222 | ||||||
The Dow Chemical Co. | 22,227 | 718,377 | ||||||
2,266,848 | ||||||||
COMMERCIAL BANKS — 4.3% | ||||||||
BB&T Corp. | 12,977 | 377,761 | ||||||
Comerica, Inc. | 1,911 | 57,980 | ||||||
Fifth Third Bancorp | 16,632 | 252,640 | ||||||
First Horizon National Corp. (a) | 2,279 | 22,585 | ||||||
Keycorp | 8,350 | 70,307 | ||||||
M&T Bank Corp. | 741 | 72,966 | ||||||
PNC Financial Services Group, Inc. | 9,855 | 574,645 | ||||||
Regions Financial Corp. | 13,462 | 95,849 | ||||||
SunTrust Banks, Inc. | 9,998 | 283,443 | ||||||
Wells Fargo & Co. | 90,987 | 3,109,936 | ||||||
4,918,112 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.8% | ||||||||
Avery Dennison Corp. | 1,738 | 60,691 | ||||||
Iron Mountain, Inc. | 1,450 | 45,022 | ||||||
Pitney Bowes, Inc. (a) | 4,056 | 43,156 | ||||||
Republic Services, Inc. | 5,570 | 163,368 | ||||||
The ADT Corp. | 1,699 | 78,987 | ||||||
Tyco International, Ltd. | 8,603 | 251,638 | ||||||
Waste Management, Inc. (a) | 8,058 | 271,877 | ||||||
914,739 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.3% | ||||||||
Cisco Systems, Inc. | 52,283 | 1,027,361 | ||||||
Harris Corp. | 959 | 46,953 | ||||||
Juniper Networks, Inc. (b) | 9,554 | 187,927 | ||||||
Motorola Solutions, Inc. | 5,189 | 288,923 | ||||||
1,551,164 | ||||||||
COMPUTERS & PERIPHERALS — 1.1% | ||||||||
Dell, Inc. | 27,064 | 274,158 | ||||||
Hewlett-Packard Co. (a) | 36,481 | 519,854 | ||||||
NetApp, Inc. (b) | 2,400 | 80,520 | ||||||
SanDisk Corp. (b) | 4,500 | 196,020 | ||||||
Western Digital Corp. | 4,087 | 173,657 | ||||||
1,244,209 | ||||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
Fluor Corp. (a) | 3,058 | 179,627 | ||||||
Jacobs Engineering Group, Inc. (b) | 2,551 | 108,596 | ||||||
288,223 | ||||||||
CONSTRUCTION MATERIALS — 0.0% (d) | ||||||||
Vulcan Materials Co. | 773 | 40,235 | ||||||
CONSUMER FINANCE — 0.5% | ||||||||
Capital One Financial Corp. | 10,760 | 623,327 | ||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Bemis Co., Inc. | 1,070 | 35,802 | ||||||
Owens-Illinois, Inc. (b) | 3,322 | 70,659 | ||||||
Sealed Air Corp. | 1,828 | 32,008 | ||||||
138,469 | ||||||||
DISTRIBUTORS — 0.2% | ||||||||
Genuine Parts Co. | 2,875 | 182,792 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
Apollo Group, Inc. (Class A) (b) | 1,800 | 37,656 | ||||||
H&R Block, Inc. | 2,775 | 51,532 | ||||||
89,188 | ||||||||
See accompanying notes to financial statements.
129
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
DIVERSIFIED FINANCIAL SERVICES — 5.1% | ||||||||
Citigroup, Inc. | 54,500 | $ | 2,156,020 | |||||
CME Group, Inc. | 5,669 | 287,475 | ||||||
IntercontinentalExchange, Inc. (b) | 500 | 61,905 | ||||||
JPMorgan Chase & Co. | 70,426 | 3,096,631 | ||||||
Leucadia National Corp. (a) | 3,780 | 89,926 | ||||||
NYSE Euronext | 4,475 | 141,141 | ||||||
The NASDAQ OMX Group, Inc. | 2,361 | 59,049 | ||||||
5,892,147 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.7% | ||||||||
AT&T, Inc. | 105,274 | 3,548,787 | ||||||
CenturyLink, Inc. | 11,627 | 454,848 | ||||||
Frontier Communications Corp. (a) | 19,203 | 82,189 | ||||||
Verizon Communications, Inc. | 28,100 | 1,215,887 | ||||||
Windstream Corp. (a) | 11,226 | 92,951 | ||||||
5,394,662 | ||||||||
ELECTRIC UTILITIES — 4.1% | ||||||||
American Electric Power Co., Inc. | 9,024 | 385,144 | ||||||
Duke Energy Corp. | 13,064 | 833,483 | ||||||
Edison International | 5,986 | 270,507 | ||||||
Entergy Corp. | 3,255 | 207,506 | ||||||
Exelon Corp. | 15,814 | 470,308 | ||||||
FirstEnergy Corp. | 7,725 | 322,596 | ||||||
NextEra Energy, Inc. | 7,840 | 542,450 | ||||||
Northeast Utilities | 5,846 | 228,462 | ||||||
Pepco Holdings, Inc. (a) | 4,390 | 86,088 | ||||||
Pinnacle West Capital Corp. | 1,970 | 100,431 | ||||||
PPL Corp. | 10,770 | 308,345 | ||||||
The Southern Co. | 16,267 | 696,390 | ||||||
Xcel Energy, Inc. | 8,998 | 240,337 | ||||||
4,692,047 | ||||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||||
Eaton Corp. PLC | 4,315 | 233,873 | ||||||
Emerson Electric Co. | 7,356 | 389,574 | ||||||
Rockwell Automation, Inc. | 900 | 75,591 | ||||||
699,038 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.6% | ||||||||
Corning, Inc. | 27,424 | 346,091 | ||||||
FLIR Systems, Inc. | 2,701 | 60,259 | ||||||
Jabil Circuit, Inc. | 3,668 | 70,756 | ||||||
Molex, Inc. | 1,169 | 31,949 | ||||||
TE Connectivity, Ltd. | 4,313 | 160,098 | ||||||
669,153 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.5% | ||||||||
Baker Hughes, Inc. | 8,152 | 332,928 | ||||||
Cameron International Corp. (b) | 2,400 | 135,504 | ||||||
Diamond Offshore Drilling, Inc. | 1,300 | 88,348 | ||||||
Ensco PLC (Class A) (a) | 4,291 | 254,370 | ||||||
FMC Technologies, Inc. (b) | 2,400 | 102,792 | ||||||
Halliburton Co. | 9,795 | 339,788 | ||||||
Helmerich & Payne, Inc. | 1,900 | 106,419 | ||||||
Nabors Industries, Ltd. (b) | 5,719 | 82,640 | ||||||
National Oilwell Varco, Inc. | 7,943 | 542,904 | ||||||
Noble Corp. | 4,863 | 169,330 | ||||||
Rowan Cos. PLC (b) | 2,205 | 68,950 | ||||||
Schlumberger, Ltd. | 9,600 | 665,184 | ||||||
2,889,157 | ||||||||
FOOD & STAPLES RETAILING — 4.3% | ||||||||
Costco Wholesale Corp. | 4,601 | 454,441 | ||||||
CVS Caremark Corp. | 23,199 | 1,121,672 | ||||||
Safeway, Inc. (a) | 4,684 | 84,734 | ||||||
Sysco Corp. (a) | 10,927 | 345,949 | ||||||
The Kroger Co. | 9,477 | 246,591 | ||||||
Wal-Mart Stores, Inc. | 31,089 | 2,121,202 | ||||||
Walgreen Co. | 15,905 | 588,644 | ||||||
4,963,233 | ||||||||
FOOD PRODUCTS — 2.5% | ||||||||
Archer-Daniels-Midland Co. | 12,181 | 333,638 | ||||||
Campbell Soup Co. (a) | 1,569 | 54,742 | ||||||
ConAgra Foods, Inc. | 7,561 | 223,050 | ||||||
Dean Foods Co. (b) | 3,573 | 58,990 | ||||||
General Mills, Inc. | 6,578 | 265,817 | ||||||
H.J. Heinz Co. | 2,879 | 166,061 | ||||||
Hormel Foods Corp. (a) | 2,485 | 77,557 | ||||||
Kellogg Co. | 2,100 | 117,285 | ||||||
Kraft Foods Group, Inc. | 10,983 | 499,397 | ||||||
Mead Johnson Nutrition Co. | 1,800 | 118,602 | ||||||
Mondelez International, Inc. (Class A) | 32,985 | 840,128 | ||||||
The J.M. Smucker Co. | 914 | 78,823 | ||||||
Tyson Foods, Inc. (Class A) | 5,280 | 102,432 | ||||||
2,936,522 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Resources, Inc. | 2,154 | 86,095 | ||||||
ONEOK, Inc. | 3,826 | 163,562 | ||||||
249,657 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.3% | ||||||||
Becton, Dickinson and Co. | 1,800 | 140,742 | ||||||
Boston Scientific Corp. (b) | 14,396 | 82,489 | ||||||
C.R. Bard, Inc. | 500 | 48,870 | ||||||
CareFusion Corp. (b) | 4,287 | 122,523 | ||||||
Covidien PLC | 3,245 | 187,366 | ||||||
DENTSPLY International, Inc. | 1,025 | 40,600 | ||||||
Medtronic, Inc. | 9,570 | 392,561 | ||||||
St. Jude Medical, Inc. | 5,700 | 205,998 | ||||||
Stryker Corp. | 2,500 | 137,050 | ||||||
Varian Medical Systems, Inc. (b) | 700 | 49,168 | ||||||
Zimmer Holdings, Inc. | 900 | 59,994 | ||||||
1,467,361 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.4% | ||||||||
Aetna, Inc. | 6,195 | 286,829 | ||||||
AmerisourceBergen Corp. (a) | 4,355 | 188,049 | ||||||
Cardinal Health, Inc. | 6,288 | 258,940 | ||||||
Cigna Corp. | 5,303 | 283,498 | ||||||
Coventry Health Care, Inc. | 2,568 | 115,123 | ||||||
Express Scripts Holding Co. (b) | 7,000 | 378,000 | ||||||
Humana, Inc. | 2,904 | 199,302 | ||||||
Laboratory Corp. of America Holdings (b) | 1,700 | 147,254 | ||||||
McKesson Corp. | 4,411 | 427,691 | ||||||
Patterson Cos., Inc. | 1,506 | 51,550 | ||||||
Quest Diagnostics, Inc. | 2,900 | 168,983 |
See accompanying notes to financial statements.
130
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Tenet Healthcare Corp. (a)(b) | 2,003 | $ | 65,037 | |||||
UnitedHealth Group, Inc. | 19,000 | 1,030,560 | ||||||
WellPoint, Inc. | 5,588 | 340,421 | ||||||
3,941,237 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.5% | ||||||||
Carnival Corp. | 8,277 | 304,345 | ||||||
Chipotle Mexican Grill, Inc. (b) | 200 | 59,492 | ||||||
Darden Restaurants, Inc. | 2,366 | 106,636 | ||||||
International Game Technology | 5,234 | 74,166 | ||||||
Marriott International, Inc. (Class A) | 1,945 | 72,490 | ||||||
McDonald’s Corp. | 9,000 | 793,890 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 1,353 | 77,608 | ||||||
Yum! Brands, Inc. | 2,900 | 192,560 | ||||||
1,681,187 | ||||||||
HOUSEHOLD DURABLES — 0.3% | ||||||||
Garmin, Ltd. (a) | 2,000 | 81,640 | ||||||
Harman International Industries, Inc. | 1,360 | 60,710 | ||||||
Whirlpool Corp. | 1,506 | 153,236 | ||||||
295,586 | ||||||||
HOUSEHOLD PRODUCTS — 2.1% | ||||||||
Colgate-Palmolive Co. | 3,100 | 324,074 | ||||||
Kimberly-Clark Corp. | 3,000 | 253,290 | ||||||
The Clorox Co. | 1,088 | 79,663 | ||||||
The Procter & Gamble Co. | 25,932 | 1,760,524 | ||||||
2,417,551 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
NRG Energy, Inc. | 5,841 | 134,285 | ||||||
The AES Corp. | 11,180 | 119,626 | ||||||
253,911 | ||||||||
INDUSTRIAL CONGLOMERATES — 4.2% | ||||||||
3M Co. | 5,070 | 470,749 | ||||||
Danaher Corp. | 4,265 | 238,414 | ||||||
General Electric Co. | 194,357 | 4,079,553 | ||||||
4,788,716 | ||||||||
INSURANCE — 7.7% | ||||||||
ACE, Ltd. | 6,327 | 504,895 | ||||||
Aflac, Inc. | 8,700 | 462,144 | ||||||
American International Group, Inc. (b) | 27,402 | 967,291 | ||||||
Aon PLC | 2,098 | 116,649 | ||||||
Assurant, Inc. | 1,554 | 53,924 | ||||||
Berkshire Hathaway, Inc. (Class B) (b) | 33,847 | 3,036,076 | ||||||
Cincinnati Financial Corp. | 2,829 | 110,784 | ||||||
Genworth Financial, Inc. (Class A) (b) | 9,888 | 74,259 | ||||||
Hartford Financial Services Group, Inc. | 8,049 | 180,619 | ||||||
Lincoln National Corp. | 5,053 | 130,873 | ||||||
Loews Corp. | 5,737 | 233,783 | ||||||
Marsh & McLennan Cos., Inc. | 4,960 | 170,971 | ||||||
MetLife, Inc. | 20,215 | 665,882 | ||||||
Principal Financial Group, Inc. | 4,987 | 142,229 | ||||||
Prudential Financial, Inc. | 4,671 | 249,104 | ||||||
The Allstate Corp. | 8,955 | 359,722 | ||||||
The Chubb Corp. | 4,879 | 367,486 | ||||||
The Progressive Corp. | 10,298 | 217,288 | ||||||
The Travelers Cos., Inc. (a) | 7,065 | 507,408 | ||||||
Torchmark Corp. | 1,871 | 96,675 | ||||||
Unum Group | 5,053 | 105,203 | ||||||
XL Group PLC | 5,586 | 139,985 | ||||||
8,893,250 | ||||||||
INTERNET & CATALOG RETAIL — 0.0% (d) | ||||||||
Expedia, Inc. | 501 | 30,786 | ||||||
IT SERVICES — 2.3% | ||||||||
Accenture PLC (Class A) | 4,135 | 274,977 | ||||||
Automatic Data Processing, Inc. | 3,800 | 216,638 | ||||||
Computer Sciences Corp. | 1,049 | 42,012 | ||||||
Fidelity National Information Services, Inc. | 1,385 | 48,212 | ||||||
International Business Machines Corp. | 9,400 | 1,800,570 | ||||||
Paychex, Inc. (a) | 2,507 | 78,068 | ||||||
SAIC, Inc. | 5,356 | 60,630 | ||||||
The Western Union Co. | 11,010 | 149,846 | ||||||
Total System Services, Inc. | 1,504 | 32,216 | ||||||
2,703,169 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Hasbro, Inc. (a) | 2,149 | 77,149 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.2% | ||||||||
Thermo Fisher Scientific, Inc. | 2,120 | 135,214 | ||||||
Waters Corp. (b) | 600 | 52,272 | ||||||
187,486 | ||||||||
MACHINERY — 2.0% | ||||||||
Caterpillar, Inc. | 12,137 | 1,087,233 | ||||||
Deere & Co. | 2,300 | 198,766 | ||||||
Dover Corp. | 1,407 | 92,454 | ||||||
Flowserve Corp. | 348 | 51,086 | ||||||
Ingersoll-Rand PLC | 2,168 | 103,977 | ||||||
Joy Global, Inc. | 2,000 | 127,560 | ||||||
Pall Corp. | 1,000 | 60,260 | ||||||
Parker Hannifin Corp. | 2,768 | 235,446 | ||||||
Pentair, Ltd. | 1,885 | 92,648 | ||||||
Stanley Black & Decker, Inc. (a) | 3,127 | 231,304 | ||||||
Xylem, Inc. | 1,828 | 49,539 | ||||||
2,330,273 | ||||||||
MEDIA — 0.9% | ||||||||
Cablevision Systems Corp. (Class A) (a) | 4,317 | 64,496 | ||||||
Gannett Co., Inc. | 2,242 | 40,378 | ||||||
Omnicom Group, Inc. | 2,231 | 111,461 | ||||||
The Interpublic Group of Cos., Inc. | 4,464 | 49,193 | ||||||
The McGraw-Hill Cos., Inc. | 1,803 | 98,570 | ||||||
The Walt Disney Co. | 9,838 | 489,834 | ||||||
The Washington Post Co. (Class B) | 84 | 30,678 | ||||||
Viacom, Inc. (Class B) | 3,800 | 200,412 | ||||||
1,085,022 | ||||||||
METALS & MINING — 1.4% | ||||||||
Alcoa, Inc. | 19,762 | 171,534 | ||||||
Allegheny Technologies, Inc. | 2,034 | 61,752 | ||||||
Cliffs Natural Resources, Inc. | 2,600 | 100,256 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 17,621 | 602,638 | ||||||
Newmont Mining Corp. | 9,200 | 427,248 | ||||||
Nucor Corp. (a) | 3,078 | 132,908 |
See accompanying notes to financial statements.
131
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Titanium Metals Corp. | 1,605 | $ | 26,499 | |||||
United States Steel Corp. (a) | 2,790 | 66,597 | ||||||
1,589,432 | ||||||||
MULTI-UTILITIES — 2.4% | ||||||||
Ameren Corp. | 4,704 | 144,507 | ||||||
CenterPoint Energy, Inc. | 8,253 | 158,870 | ||||||
CMS Energy Corp. | 5,110 | 124,582 | ||||||
Consolidated Edison, Inc. | 5,467 | 303,637 | ||||||
Dominion Resources, Inc. | 10,626 | 550,427 | ||||||
DTE Energy Co. | 3,151 | 189,217 | ||||||
Integrys Energy Group, Inc. | 1,531 | 79,949 | ||||||
NiSource, Inc. | 5,591 | 139,160 | ||||||
PG&E Corp. | 7,923 | 318,346 | ||||||
Public Service Enterprise Group, Inc. | 9,392 | 287,395 | ||||||
SCANA Corp. (a) | 2,417 | 110,312 | ||||||
Sempra Energy | 2,122 | 150,535 | ||||||
TECO Energy, Inc. (a) | 3,946 | 66,135 | ||||||
Wisconsin Energy Corp. | 4,178 | 153,959 | ||||||
2,777,031 | ||||||||
MULTILINE RETAIL — 1.1% | ||||||||
Big Lots, Inc. (b) | 1,012 | 28,802 | ||||||
Dollar General Corp. (b) | 1,600 | 70,544 | ||||||
J.C. Penney Co., Inc. (a) | 2,852 | 56,213 | ||||||
Kohl’s Corp. | 3,927 | 168,782 | ||||||
Macy’s, Inc. | 7,318 | 285,548 | ||||||
Target Corp. | 12,097 | 715,780 | ||||||
1,325,669 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. | 23,386 | 159,493 | ||||||
OIL, GAS & CONSUMABLE FUELS — 13.1% | ||||||||
Anadarko Petroleum Corp. | 4,497 | 334,172 | ||||||
Apache Corp. | 7,251 | 569,203 | ||||||
Cabot Oil & Gas Corp. | 1,500 | 74,610 | ||||||
Chesapeake Energy Corp. (a) | 9,601 | 159,569 | ||||||
Chevron Corp. | 36,326 | 3,928,294 | ||||||
ConocoPhillips | 22,521 | 1,305,993 | ||||||
CONSOL Energy, Inc. | 4,159 | 133,504 | ||||||
Devon Energy Corp. | 6,994 | 363,968 | ||||||
EQT Corp. | 1,472 | 86,819 | ||||||
Exxon Mobil Corp. | 38,905 | 3,367,228 | ||||||
Hess Corp. | 5,546 | 293,716 | ||||||
Kinder Morgan, Inc. | 11,706 | 413,573 | ||||||
Marathon Oil Corp. | 13,119 | 402,228 | ||||||
Marathon Petroleum Corp. | 3,339 | 210,357 | ||||||
Murphy Oil Corp. | 3,409 | 203,006 | ||||||
Newfield Exploration Co. (b) | 2,509 | 67,191 | ||||||
Occidental Petroleum Corp. | 15,046 | 1,152,674 | ||||||
Peabody Energy Corp. | 4,900 | 130,389 | ||||||
Phillips 66 | 11,646 | 618,403 | ||||||
QEP Resources, Inc. | 3,249 | 98,347 | ||||||
Range Resources Corp. | 1,243 | 78,098 | ||||||
Southwestern Energy Co. (b) | 3,100 | 103,571 | ||||||
Spectra Energy Corp. | 12,325 | 337,458 | ||||||
The Williams Cos., Inc. | 6,371 | 208,586 | ||||||
Valero Energy Corp. | 10,275 | 350,583 | ||||||
WPX Energy, Inc. (b) | 3,599 | 53,553 | ||||||
15,045,093 | ||||||||
PAPER & FOREST PRODUCTS — 0.5% | ||||||||
International Paper Co. | 8,186 | 326,130 | ||||||
MeadWestvaco Corp. | 3,232 | 103,004 | ||||||
Weyerhaeuser Co. | 3,708 | 103,157 | ||||||
532,291 | ||||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
Avon Products, Inc. | 8,353 | 119,949 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 1,700 | 101,762 | ||||||
221,711 | ||||||||
PHARMACEUTICALS — 4.1% | ||||||||
Abbott Laboratories | 10,900 | 713,950 | ||||||
Allergan, Inc. | 2,000 | 183,460 | ||||||
Bristol-Myers Squibb Co. | 13,442 | 438,075 | ||||||
Forest Laboratories, Inc. (b) | 4,294 | 151,664 | ||||||
Hospira, Inc. (b) | 3,203 | 100,062 | ||||||
Johnson & Johnson | 24,200 | 1,696,420 | ||||||
Pfizer, Inc. | 56,063 | 1,406,060 | ||||||
4,689,691 | ||||||||
PROFESSIONAL SERVICES — 0.1% | ||||||||
Dun & Bradstreet Corp. (a) | 400 | 31,460 | ||||||
Robert Half International, Inc. | 990 | 31,502 | ||||||
62,962 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.8% | ||||||||
Apartment Investment & Management Co. (Class A) | 1,179 | 31,904 | ||||||
AvalonBay Communities, Inc. | 1,058 | 143,454 | ||||||
Boston Properties, Inc. | 1,284 | 135,860 | ||||||
Equity Residential | 2,796 | 158,449 | ||||||
HCP, Inc. | 3,715 | 167,844 | ||||||
Host Hotels & Resorts, Inc. | 13,248 | 207,596 | ||||||
Kimco Realty Corp. (a) | 3,471 | 67,060 | ||||||
Plum Creek Timber Co., Inc. (a) | 1,429 | 63,405 | ||||||
ProLogis | 8,583 | 313,194 | ||||||
Public Storage | 1,196 | 173,372 | ||||||
Simon Property Group, Inc. | 2,103 | 332,463 | ||||||
Ventas, Inc. | 1,800 | 116,496 | ||||||
Vornado Realty Trust | 1,577 | 126,286 | ||||||
2,037,383 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (d) | ||||||||
CBRE Group, Inc. (b) | 2,177 | 43,322 | ||||||
ROAD & RAIL — 0.7% | ||||||||
CSX Corp. | 19,117 | 377,178 | ||||||
Norfolk Southern Corp. | 5,862 | 362,506 | ||||||
Ryder Systems, Inc. | 1,033 | 51,578 | ||||||
791,262 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.8% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 11,294 | 27,106 | ||||||
Altera Corp. | 2,700 | 92,988 | ||||||
Analog Devices, Inc. | 1,776 | 74,698 | ||||||
First Solar, Inc. (a)(b) | 1,100 | 33,968 | ||||||
Lam Research Corp. (b) | 1,300 | 46,969 | ||||||
Linear Technology Corp. | 1,569 | 53,817 | ||||||
Microchip Technology, Inc. | 1,300 | 42,367 | ||||||
Micron Technology, Inc. (b) | 10,597 | 67,291 |
See accompanying notes to financial statements.
132
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
NVIDIA��Corp. | 11,489 | $ | 141,200 | |||||
Texas Instruments, Inc. | 8,044 | 248,881 | ||||||
Xilinx, Inc. | 1,800 | 64,620 | ||||||
893,905 | ||||||||
SOFTWARE — 1.9% | ||||||||
Autodesk, Inc. (b) | 1,473 | 52,070 | ||||||
BMC Software, Inc. (b) | 719 | 28,515 | ||||||
CA, Inc. | 6,195 | 136,166 | ||||||
Citrix Systems, Inc. (b) | 1,400 | 92,050 | ||||||
Electronic Arts, Inc. (b) | 5,607 | 81,470 | ||||||
Microsoft Corp. | 63,164 | 1,688,374 | ||||||
Symantec Corp. (b) | 4,923 | 92,602 | ||||||
2,171,247 | ||||||||
SPECIALTY RETAIL — 0.5% | ||||||||
Abercrombie & Fitch Co. (Class A) | 1,453 | 69,701 | ||||||
AutoNation, Inc. (b) | 380 | 15,086 | ||||||
Bed Bath & Beyond, Inc. (b) | 2,100 | 117,411 | ||||||
Best Buy Co., Inc. | 5,323 | 63,078 | ||||||
CarMax, Inc. (b) | 1,606 | 60,289 | ||||||
GameStop Corp. (Class A) (a) | 2,114 | 53,040 | ||||||
Staples, Inc. (a) | 12,386 | 141,200 | ||||||
Tiffany & Co. (a) | 1,100 | 63,074 | ||||||
582,879 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.2% | ||||||||
NIKE, Inc. (Class B) | 5,600 | 288,960 | ||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Hudson City Bancorp, Inc. | 9,299 | 75,601 | ||||||
People’s United Financial, Inc. | 6,752 | 81,632 | ||||||
157,233 | ||||||||
TOBACCO — 0.5% | ||||||||
Altria Group, Inc. | 16,186 | 508,564 | ||||||
Reynolds American, Inc. (a) | 2,929 | 121,349 | ||||||
629,913 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.1% | ||||||||
W.W. Grainger, Inc. | 400 | 80,948 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.0% (d) | ||||||||
MetroPCS Communications, Inc. (b) | 2,766 | 27,493 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $112,545,595) | 114,607,564 | |||||||
SHORT TERM INVESTMENTS — 3.1% | ||||||||
MONEY MARKET FUNDS — 3.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 2,176,281 | 2,176,281 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (f)(g) | 1,385,066 | 1,385,066 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,561,347) | 3,561,347 | |||||||
TOTAL INVESTMENTS — 102.6% (h) | ||||||||
(Cost $116,106,942) | 118,168,911 | |||||||
OTHER ASSETS & LIABILITIES — (2.6)% | (3,022,898 | ) | ||||||
NET ASSETS — 100.0% | $ | 115,146,013 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(e) | Investments of cash collateral for securities loaned. | |||||
(f) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(g) | The rate shown is the annualized seven-day yield at period end. | |||||
(h) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
133
SPDR Dow Jones Mid Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AEROSPACE & DEFENSE — 1.0% | ||||||||
BE Aerospace, Inc. (a) | 4,612 | $ | 227,833 | |||||
Spirit Aerosystems Holdings, Inc. (Class A) (a) | 4,971 | 84,358 | ||||||
TransDigm Group, Inc. | 2,003 | 273,129 | ||||||
Triumph Group, Inc. | 2,210 | 144,313 | ||||||
729,633 | ||||||||
AIRLINES — 0.5% | ||||||||
United Continental Holdings, Inc. (a) | 14,764 | 345,182 | ||||||
AUTO COMPONENTS — 1.1% | ||||||||
Allison Transmission Holdings, Inc. (b) | 1,400 | 28,588 | ||||||
Gentex Corp. (b) | 6,296 | 118,491 | ||||||
Lear Corp. | 4,262 | 199,632 | ||||||
The Goodyear Tire & Rubber Co. (a) | 10,879 | 150,239 | ||||||
TRW Automotive Holdings Corp. (a) | 4,549 | 243,872 | ||||||
Visteon Corp. (a) | 2,377 | 127,930 | ||||||
868,752 | ||||||||
AUTOMOBILES — 0.1% | ||||||||
Tesla Motors, Inc. (a)(b) | 3,200 | 108,384 | ||||||
BEVERAGES — 0.3% | ||||||||
Constellation Brands, Inc. (Class A) (a) | 6,740 | 238,529 | ||||||
BIOTECHNOLOGY — 1.7% | ||||||||
ARIAD Pharmaceuticals, Inc. (a) | 7,400 | 141,932 | ||||||
BioMarin Pharmaceutical, Inc. (a)(b) | 5,479 | 269,841 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 2,900 | 121,974 | ||||||
Medivation, Inc. (a) | 3,300 | 168,828 | ||||||
Onyx Pharmaceuticals, Inc. (a)(b) | 2,933 | 221,530 | ||||||
Pharmacyclics, Inc. (a) | 2,200 | 127,380 | ||||||
Seattle Genetics, Inc. (a)(b) | 4,600 | 106,720 | ||||||
United Therapeutics Corp. (a) | 2,051 | 109,564 | ||||||
1,267,769 | ||||||||
BUILDING PRODUCTS — 1.1% | ||||||||
Armstrong World Industries, Inc. | 980 | 49,715 | ||||||
Fortune Brands Home & Security, Inc. (a) | 7,200 | 210,384 | ||||||
Lennox International, Inc. | 2,030 | 106,616 | ||||||
Masco Corp. | 15,868 | 264,361 | ||||||
Owens Corning, Inc. (a) | 5,200 | 192,348 | ||||||
823,424 | ||||||||
CAPITAL MARKETS — 1.8% | ||||||||
Affiliated Managers Group, Inc. (a) | 2,286 | 297,523 | ||||||
E*TRADE Financial Corp. (a) | 11,387 | 101,914 | ||||||
Eaton Vance Corp. (b) | 5,132 | 163,454 | ||||||
Federated Investors, Inc. (Class B) (b) | 4,155 | 84,056 | ||||||
Jefferies Group, Inc. | 5,691 | 105,682 | ||||||
Legg Mason, Inc. | 5,215 | 134,130 | ||||||
LPL Investment Holdings, Inc. | 1,595 | 44,915 | ||||||
Raymond James Financial, Inc. | 4,990 | 192,265 | ||||||
SEI Investments Co. | 5,993 | 139,876 | ||||||
Waddell & Reed Financial, Inc. (Class A) (b) | 3,808 | 132,594 | ||||||
1,396,409 | ||||||||
CHEMICALS — 3.3% | ||||||||
Airgas, Inc. | 3,114 | 284,277 | ||||||
Albemarle Corp. | 3,915 | 243,200 | ||||||
Ashland, Inc. | 3,252 | 261,493 | ||||||
Cabot Corp. | 2,600 | 103,454 | ||||||
Cytec Industries, Inc. | 1,998 | 137,522 | ||||||
Huntsman Corp. | 8,474 | 134,737 | ||||||
International Flavors & Fragrances, Inc. | 3,641 | 242,272 | ||||||
Kronos Worldwide, Inc. (b) | 862 | 16,809 | ||||||
NewMarket Corp. | 481 | 126,118 | ||||||
Rockwood Holdings, Inc. | 3,423 | 169,302 | ||||||
RPM International, Inc. | 5,897 | 173,136 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 1,722 | 75,854 | ||||||
Tronox Ltd. (Class A) | 970 | 17,702 | ||||||
Valhi, Inc. | 900 | 11,250 | ||||||
Valspar Corp. | 3,720 | 232,128 | ||||||
W.R. Grace & Co. (a) | 3,103 | 208,615 | ||||||
Westlake Chemical Corp. | 877 | 69,546 | ||||||
2,507,415 | ||||||||
COMMERCIAL BANKS — 2.8% | ||||||||
Associated Banc-Corp. | 7,663 | 100,539 | ||||||
Bank of Hawaii Corp. (b) | 1,968 | 86,690 | ||||||
BankUnited, Inc. (b) | 2,026 | 49,516 | ||||||
BOK Financial Corp. | 1,179 | 64,208 | ||||||
City National Corp. (b) | 2,066 | 102,308 | ||||||
Commerce Bancshares, Inc. | 3,433 | 120,361 | ||||||
Cullen/Frost Bankers, Inc. | 2,760 | 149,785 | ||||||
East West Bancorp, Inc. | 6,253 | 134,377 | ||||||
First Citizens BancShares, Inc. (Class A) | 252 | 41,202 | ||||||
First Horizon National Corp. (b) | 11,030 | 109,307 | ||||||
First Niagara Financial Group, Inc. | 15,826 | 125,500 | ||||||
First Republic Bank | 3,015 | 98,832 | ||||||
Fulton Financial Corp. | 8,849 | 85,039 | ||||||
Hancock Holding Co. | 3,812 | 120,993 | ||||||
Huntington Bancshares, Inc. | 37,971 | 242,635 | ||||||
Prosperity Bancshares, Inc. (b) | 1,946 | 81,732 | ||||||
Signature Bank (a) | 2,047 | 146,033 | ||||||
Valley National Bancorp (b) | 8,647 | 80,417 | ||||||
Zions Bancorporation | 8,176 | 174,966 | ||||||
2,114,440 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.1% | ||||||||
Avery Dennison Corp. | 4,422 | 154,416 | ||||||
Cintas Corp. | 4,691 | 191,862 | ||||||
Clean Harbors, Inc. (a) | 2,353 | 129,439 | ||||||
Copart, Inc. (a) | 4,674 | 137,883 | ||||||
Corrections Corp. of America | 4,391 | 155,749 | ||||||
Covanta Holding Corp. | 5,862 | 107,978 | ||||||
Iron Mountain, Inc. | 7,405 | 229,925 | ||||||
KAR Auction Services, Inc. | 3,542 | 71,690 | ||||||
Pitney Bowes, Inc. (b) | 8,959 | 95,324 | ||||||
R.R. Donnelley & Sons Co. (b) | 8,019 | 72,171 | ||||||
Rollins, Inc. | 2,930 | 64,577 | ||||||
Waste Connections, Inc. (b) | 5,413 | 182,905 | ||||||
1,593,919 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.1% | ||||||||
Brocade Communications Systems, Inc. (a) | 20,255 | 107,959 | ||||||
EchoStar Corp. (Class A) (a) | 1,711 | 58,551 | ||||||
Harris Corp. | 5,000 | 244,800 |
See accompanying notes to financial statements.
134
SPDR Dow Jones Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
JDS Uniphase Corp. (a) | 10,369 | $ | 140,396 | |||||
Palo Alto Networks, Inc. (a)(b) | 1,400 | 74,928 | ||||||
Polycom, Inc. (a) | 7,897 | 82,603 | ||||||
Riverbed Technology, Inc. (a) | 7,156 | 141,116 | ||||||
850,353 | ||||||||
COMPUTERS & PERIPHERALS — 0.4% | ||||||||
Diebold, Inc. | 2,809 | 85,984 | ||||||
NCR Corp. (a) | 7,092 | 180,704 | ||||||
266,688 | ||||||||
CONSTRUCTION & ENGINEERING — 1.6% | ||||||||
Aecom Technology Corp. (a) | 4,824 | 114,811 | ||||||
Foster Wheeler AG (a) | 4,666 | 113,477 | ||||||
Jacobs Engineering Group, Inc. (a) | 5,799 | 246,863 | ||||||
KBR, Inc. | 6,505 | 194,630 | ||||||
Quanta Services, Inc. (a) | 9,509 | 259,501 | ||||||
The Shaw Group, Inc. (a) | 2,961 | 138,012 | ||||||
URS Corp. | 3,381 | 132,738 | ||||||
1,200,032 | ||||||||
CONSTRUCTION MATERIALS — 0.6% | ||||||||
Martin Marietta Materials, Inc. (b) | 2,030 | 191,388 | ||||||
Vulcan Materials Co. | 5,721 | 297,778 | ||||||
489,166 | ||||||||
CONTAINERS & PACKAGING — 1.7% | ||||||||
AptarGroup, Inc. | 2,924 | 139,533 | ||||||
Bemis Co., Inc. | 4,551 | 152,276 | ||||||
Greif, Inc. (Class A) | 1,380 | 61,410 | ||||||
Owens-Illinois, Inc. (a) | 7,303 | 155,335 | ||||||
Packaging Corp. of America | 4,380 | 168,499 | ||||||
Rock-Tenn Co. (Class A) | 3,187 | 222,803 | ||||||
Sealed Air Corp. (b) | 8,710 | 152,512 | ||||||
Silgan Holdings, Inc. | 2,144 | 89,169 | ||||||
Sonoco Products Co. | 4,423 | 131,496 | ||||||
1,273,033 | ||||||||
DISTRIBUTORS — 0.4% | ||||||||
LKQ Corp. (a) | 13,168 | 277,845 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.8% | ||||||||
Apollo Group, Inc. (Class A) (a) | 4,500 | 94,140 | ||||||
H&R Block, Inc. (b) | 12,032 | 223,434 | ||||||
Service Corp. International | 9,424 | 130,146 | ||||||
Sotheby’s (b) | 2,981 | 100,221 | ||||||
Weight Watchers International, Inc. (b) | 1,144 | 59,900 | ||||||
607,841 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.5% | ||||||||
CBOE Holdings, Inc. | 3,844 | 113,244 | ||||||
MSCI, Inc. (Class A) (a) | 5,398 | 167,284 | ||||||
The NASDAQ OMX Group, Inc. | 5,246 | 131,203 | ||||||
411,731 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.7% | ||||||||
Frontier Communications Corp. (b) | 44,300 | 189,604 | ||||||
Level 3 Communications, Inc. (a)(b) | 7,157 | 165,398 | ||||||
tw telecom, Inc. (a) | 6,722 | 171,210 | ||||||
526,212 | ||||||||
ELECTRIC UTILITIES — 2.2% | ||||||||
Cleco Corp. | 2,669 | 106,787 | ||||||
Great Plains Energy, Inc. | 6,787 | 137,844 | ||||||
Hawaiian Electric Industries, Inc. | 4,329 | 108,831 | ||||||
IDACORP, Inc. | 2,199 | 95,327 | ||||||
ITC Holdings Corp. (b) | 2,302 | 177,047 | ||||||
NV Energy, Inc. | 10,426 | 189,127 | ||||||
OGE Energy Corp. | 4,342 | 244,498 | ||||||
Pepco Holdings, Inc. (b) | 10,179 | 199,610 | ||||||
Pinnacle West Capital Corp. | 4,849 | 247,202 | ||||||
Westar Energy, Inc. | 5,587 | 159,900 | ||||||
1,666,173 | ||||||||
ELECTRICAL EQUIPMENT — 0.8% | ||||||||
Acuity Brands, Inc. (b) | 1,885 | 127,671 | ||||||
Hubbell, Inc. (Class B) | 2,414 | 204,297 | ||||||
Regal-Beloit Corp. | 2,020 | 142,349 | ||||||
The Babcock & Wilcox Co. | 5,259 | 137,786 | ||||||
612,103 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.5% | ||||||||
Anixter International, Inc. | 1,230 | 78,695 | ||||||
Arrow Electronics, Inc. (a) | 4,706 | 179,204 | ||||||
Avnet, Inc. (a) | 6,137 | 187,854 | ||||||
AVX Corp. | 2,104 | 22,681 | ||||||
Dolby Laboratories, Inc. (Class A) (b) | 2,156 | 63,235 | ||||||
FLIR Systems, Inc. | 6,689 | 149,232 | ||||||
Ingram Micro, Inc. (Class A) (a) | 6,656 | 112,620 | ||||||
IPG Photonics Corp. (b) | 1,301 | 86,712 | ||||||
Jabil Circuit, Inc. | 8,351 | 161,091 | ||||||
Mettler-Toledo International, Inc. (a) | 1,385 | 267,720 | ||||||
Molex, Inc. (b) | 6,145 | 167,943 | ||||||
National Instruments Corp. | 4,173 | 107,705 | ||||||
Trimble Navigation, Ltd. (a) | 5,574 | 333,214 | ||||||
1,917,906 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.8% | ||||||||
Atwood Oceanics, Inc. (a) | 2,547 | 116,627 | ||||||
Dresser-Rand Group, Inc. (a)(b) | 3,324 | 186,609 | ||||||
Dril-Quip, Inc. (a) | 1,602 | 117,026 | ||||||
Helmerich & Payne, Inc. | 4,688 | 262,575 | ||||||
McDermott International, Inc. (a) | 10,518 | 115,908 | ||||||
Nabors Industries, Ltd. (a) | 12,900 | 186,405 | ||||||
Oceaneering International, Inc. | 4,838 | 260,236 | ||||||
Oil States International, Inc. (a) | 2,460 | 175,989 | ||||||
Patterson-UTI Energy, Inc. (b) | 6,669 | 124,244 | ||||||
Rowan Cos. PLC (a) | 5,468 | 170,984 | ||||||
RPC, Inc. (b) | 2,980 | 36,475 | ||||||
SEACOR Holdings, Inc. | 897 | 75,169 | ||||||
Superior Energy Services, Inc. (a) | 6,992 | 144,874 | ||||||
Tidewater, Inc. | 2,255 | 100,753 | ||||||
Unit Corp. (a) | 1,896 | 85,415 | ||||||
2,159,289 | ||||||||
FOOD & STAPLES RETAILING — 0.5% | ||||||||
Safeway, Inc. (b) | 10,700 | 193,563 | ||||||
The Fresh Market, Inc. (a)(b) | 1,800 | 86,562 | ||||||
United Natural Foods, Inc. (a) | 2,200 | 117,898 | ||||||
398,023 | ||||||||
FOOD PRODUCTS — 1.7% | ||||||||
Dean Foods Co. (a) | 8,214 | 135,613 |
See accompanying notes to financial statements.
135
SPDR Dow Jones Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Flowers Foods, Inc. | 5,121 | $ | 119,166 | |||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 5,500 | 227,480 | ||||||
Hain Celestial Group, Inc. (a)(b) | 2,000 | 108,440 | ||||||
Hillshire Brands Co. | 5,400 | 151,956 | ||||||
Ingredion, Inc. | 3,386 | 218,160 | ||||||
Ralcorp Holdings, Inc. (a) | 2,450 | 219,642 | ||||||
Smithfield Foods, Inc. (a) | 5,601 | 120,814 | ||||||
WhiteWave Foods Co. (a) | 1,000 | 15,540 | ||||||
1,316,811 | ||||||||
GAS UTILITIES — 1.4% | ||||||||
AGL Resources, Inc. | 5,199 | 207,804 | ||||||
Atmos Energy Corp. | 3,959 | 139,040 | ||||||
National Fuel Gas Co. | 3,693 | 187,198 | ||||||
Piedmont Natural Gas Co., Inc. | 3,239 | 101,413 | ||||||
Questar Corp. | 7,759 | 153,318 | ||||||
UGI Corp. | 5,028 | 164,466 | ||||||
WGL Holdings, Inc. | 2,271 | 89,001 | ||||||
1,042,240 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.0% | ||||||||
DENTSPLY International, Inc. | 6,314 | 250,098 | ||||||
Hologic, Inc. (a) | 11,812 | 236,594 | ||||||
IDEXX Laboratories, Inc. (a)(b) | 2,440 | 226,432 | ||||||
ResMed, Inc. (b) | 6,391 | 265,674 | ||||||
Sirona Dental Systems, Inc. (a) | 2,400 | 154,704 | ||||||
STERIS Corp. | 2,595 | 90,124 | ||||||
Teleflex, Inc. | 1,799 | 128,287 | ||||||
The Cooper Cos., Inc. | 2,174 | 201,051 | ||||||
1,552,964 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.5% | ||||||||
athenahealth, Inc. (a) | 1,600 | 117,520 | ||||||
Brookdale Senior Living, Inc. (a) | 4,329 | 109,610 | ||||||
Community Health Systems, Inc. | 4,079 | 125,388 | ||||||
Coventry Health Care, Inc. | 6,018 | 269,787 | ||||||
Health Net, Inc. (a) | 3,621 | 87,990 | ||||||
HMS Holdings Corp. (a) | 3,800 | 98,496 | ||||||
LifePoint Hospitals, Inc. (a)(b) | 2,167 | 81,804 | ||||||
MEDNAX, Inc. (a) | 2,191 | 174,228 | ||||||
Omnicare, Inc. | 4,917 | 177,504 | ||||||
Owens & Minor, Inc. (b) | 2,801 | 79,857 | ||||||
Patterson Cos., Inc. (b) | 3,748 | 128,294 | ||||||
Tenet Healthcare Corp. (a) | 4,672 | 151,700 | ||||||
Universal Health Services, Inc. (Class B) | 3,902 | 188,662 | ||||||
WellCare Health Plans, Inc. (a) | 1,900 | 92,511 | ||||||
1,883,351 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 7,629 | 71,865 | ||||||
HOTELS, RESTAURANTS & LEISURE — 1.6% | ||||||||
Bally Technologies, Inc. (a) | 1,851 | 82,758 | ||||||
Brinker International, Inc. | 3,210 | 99,478 | ||||||
Burger King Worldwide, Inc. | 2,800 | 46,032 | ||||||
Choice Hotels International, Inc. (b) | 1,239 | 41,655 | ||||||
Dunkin’ Brands Group, Inc. | 3,254 | 107,968 | ||||||
International Game Technology | 11,899 | 168,609 | ||||||
MGM Resorts International (a) | 16,539 | 192,514 | ||||||
Panera Bread Co. (Class A) (a) | 1,261 | 200,285 | ||||||
Penn National Gaming, Inc. (a) | 2,975 | 146,102 | ||||||
Six Flags Entertainment Corp. | 2,400 | 146,880 | ||||||
1,232,281 | ||||||||
HOUSEHOLD DURABLES — 3.7% | ||||||||
D.R. Horton, Inc. | 12,345 | 244,184 | ||||||
Harman International Industries, Inc. | 3,033 | 135,393 | ||||||
Jarden Corp. (a) | 3,252 | 168,129 | ||||||
Leggett & Platt, Inc. (b) | 6,224 | 169,417 | ||||||
Lennar Corp. (Class A) (b) | 7,252 | 280,435 | ||||||
Mohawk Industries, Inc. (a) | 2,580 | 233,413 | ||||||
Newell Rubbermaid, Inc. | 12,804 | 285,145 | ||||||
NVR, Inc. (a) | 206 | 189,520 | ||||||
Pulte Group, Inc. (a) | 15,063 | 273,544 | ||||||
Tempur-Pedic International, Inc. (a)(b) | 2,662 | 83,826 | ||||||
Toll Brothers, Inc. (a) | 6,616 | 213,895 | ||||||
Tupperware Brands Corp. | 2,431 | 155,827 | ||||||
Whirlpool Corp. | 3,408 | 346,764 | ||||||
2,779,492 | ||||||||
HOUSEHOLD PRODUCTS — 0.3% | ||||||||
Energizer Holdings, Inc. | 2,701 | 216,026 | ||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.4% | ||||||||
NRG Energy, Inc. | 14,259 | 327,814 | ||||||
INDUSTRIAL CONGLOMERATES — 0.3% | ||||||||
Carlisle Cos., Inc. | 2,748 | 161,473 | ||||||
Seaboard Corp. | 14 | 35,418 | ||||||
196,891 | ||||||||
INSURANCE — 5.9% | ||||||||
Alleghany Corp. (a) | 750 | 251,565 | ||||||
Allied World Assurance Company Holdings, Ltd. | 1,560 | 122,928 | ||||||
American Financial Group, Inc. | 3,406 | 134,605 | ||||||
American National Insurance Co. | 333 | 22,741 | ||||||
Arch Capital Group, Ltd. (a) | 6,021 | 265,044 | ||||||
Arthur J. Gallagher & Co. | 5,533 | 191,718 | ||||||
Aspen Insurance Holdings, Ltd. | 3,197 | 102,560 | ||||||
Assurant, Inc. | 3,469 | 120,374 | ||||||
Assured Guaranty, Ltd. | 8,701 | 123,815 | ||||||
Axis Capital Holdings, Ltd. | 5,060 | 175,278 | ||||||
Brown & Brown, Inc. | 5,182 | 131,934 | ||||||
Cincinnati Financial Corp. | 6,499 | 254,501 | ||||||
Erie Indemnity Co. (Class A) | 1,104 | 76,419 | ||||||
Everest Re Group, Ltd. | 2,319 | 254,974 | ||||||
Fidelity National Financial, Inc. (Class A) | 9,384 | 220,993 | ||||||
Genworth Financial, Inc. (Class A) (a) | 21,872 | 164,259 | ||||||
HCC Insurance Holdings, Inc. | 4,460 | 165,957 | ||||||
Markel Corp. (a) | 407 | 176,402 | ||||||
Mercury General Corp. | 1,576 | 62,551 | ||||||
Old Republic International Corp. | 10,786 | 114,871 | ||||||
PartnerRe, Ltd. | 2,724 | 219,255 | ||||||
ProAssurance Corp. | 2,766 | 116,697 | ||||||
Reinsurance Group of America, Inc. | 3,309 | 177,098 | ||||||
RenaissanceRe Holdings, Ltd. | 2,184 | 177,472 | ||||||
Torchmark Corp. | 4,235 | 218,822 | ||||||
Validus Holdings, Ltd. | 4,496 | 155,472 | ||||||
W.R. Berkley Corp. | 4,859 | 183,379 |
See accompanying notes to financial statements.
136
SPDR Dow Jones Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
White Mountains Insurance Group, Ltd. | 247 | $ | 127,205 | |||||
4,508,889 | ||||||||
INTERNET & CATALOG RETAIL — 1.0% | ||||||||
Expedia, Inc. | 4,100 | 251,945 | ||||||
Groupon, Inc. (a)(b) | 12,000 | 58,560 | ||||||
HomeAway, Inc. (a)(b) | 1,392 | 30,624 | ||||||
Netflix, Inc. (a) | 2,500 | 231,950 | ||||||
TripAdvisor, Inc. (a) | 4,900 | 205,604 | ||||||
778,683 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.8% | ||||||||
Akamai Technologies, Inc. (a) | 7,833 | 320,448 | ||||||
AOL, Inc. (a) | 3,700 | 109,557 | ||||||
IAC/InterActiveCorp. | 3,565 | 168,625 | ||||||
598,630 | ||||||||
IT SERVICES — 2.9% | ||||||||
Alliance Data Systems Corp. (a)(b) | 2,238 | 323,973 | ||||||
Booz Allen Hamilton Holding Corp. (b) | 1,788 | 24,889 | ||||||
Broadridge Financial Solutions, Inc. | 5,411 | 123,804 | ||||||
Computer Sciences Corp. | 6,879 | 275,504 | ||||||
DST Systems, Inc. | 1,314 | 79,628 | ||||||
FleetCor Technologies, Inc. (a) | 1,849 | 99,199 | ||||||
Gartner, Inc. (a) | 4,107 | 189,004 | ||||||
Genpact, Ltd. | 6,017 | 93,264 | ||||||
Global Payments, Inc. | 3,488 | 158,006 | ||||||
Jack Henry & Associates, Inc. | 3,780 | 148,403 | ||||||
Lender Processing Services, Inc. | 3,744 | 92,177 | ||||||
NeuStar, Inc. (Class A) (a) | 2,917 | 122,310 | ||||||
SAIC, Inc. | 12,700 | 143,764 | ||||||
Total System Services, Inc. | 7,112 | 152,339 | ||||||
Vantiv, Inc. (a) | 1,900 | 38,798 | ||||||
VeriFone Systems, Inc. (a)(b) | 4,752 | 141,039 | ||||||
2,206,101 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.6% | ||||||||
Hasbro, Inc. (b) | 5,100 | 183,090 | ||||||
Polaris Industries, Inc. | 2,888 | 243,025 | ||||||
426,115 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 1.2% | ||||||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 872 | 91,604 | ||||||
Bruker Corp. (a) | 4,063 | 62,042 | ||||||
Charles River Laboratories International, Inc. (a) | 2,171 | 81,347 | ||||||
Covance, Inc. (a) | 2,443 | 141,132 | ||||||
Illumina, Inc. (a)(b) | 5,500 | 305,745 | ||||||
PerkinElmer, Inc. | 5,075 | 161,080 | ||||||
Techne Corp. | 1,534 | 104,834 | ||||||
947,784 | ||||||||
MACHINERY — 5.5% | ||||||||
AGCO Corp. (a) | 4,317 | 212,051 | ||||||
CLARCOR, Inc. | 2,207 | 105,450 | ||||||
Colfax Corp. (a)(b) | 3,000 | 121,050 | ||||||
Crane Co. | 2,120 | 98,114 | ||||||
Donaldson Co., Inc. | 5,974 | 196,186 | ||||||
Gardner Denver, Inc. | 2,135 | 146,248 | ||||||
Graco, Inc. | 2,699 | 138,972 | ||||||
IDEX Corp. | 3,635 | 169,137 | ||||||
Kennametal, Inc. | 3,511 | 140,440 | ||||||
Lincoln Electric Holdings, Inc. | 3,722 | 181,187 | ||||||
Nordson Corp. | 2,536 | 160,072 | ||||||
Oshkosh Corp. (a) | 4,082 | 121,031 | ||||||
Pall Corp. | 4,956 | 298,649 | ||||||
Pentair, Ltd. | 9,312 | 457,685 | ||||||
Sauer-Danfoss, Inc. | 500 | 26,685 | ||||||
Snap-On, Inc. | 2,569 | 202,925 | ||||||
SPX Corp. | 2,250 | 157,837 | ||||||
Terex Corp. (a) | 4,875 | 137,036 | ||||||
Timken Co. | 3,533 | 168,983 | ||||||
Trinity Industries, Inc. | 3,500 | 125,370 | ||||||
Valmont Industries, Inc. | 1,050 | 143,378 | ||||||
WABCO Holdings, Inc. (a) | 2,760 | 179,924 | ||||||
Wabtec Corp. | 2,155 | 188,649 | ||||||
Woodward, Inc. (b) | 2,644 | 100,816 | ||||||
Xylem, Inc. | 8,200 | 222,220 | ||||||
4,200,095 | ||||||||
MARINE — 0.2% | ||||||||
Kirby Corp. (a)(b) | 2,456 | 152,002 | ||||||
MEDIA — 1.5% | ||||||||
AMC Networks, Inc. (Class A) (a) | 2,563 | 126,868 | ||||||
Cablevision Systems Corp. (Class A) (b) | 9,600 | 143,424 | ||||||
Clear Channel Outdoor Holdings, Inc. (Class A) (a) | 1,802 | 12,650 | ||||||
Gannett Co., Inc. (b) | 10,187 | 183,468 | ||||||
John Wiley & Sons, Inc. (Class A) | 2,077 | 80,858 | ||||||
Lamar Advertising Co. (Class A) (a)(b) | 2,498 | 96,797 | ||||||
Morningstar, Inc. (b) | 1,038 | 65,217 | ||||||
Regal Entertainment Group (b) | 3,483 | 48,588 | ||||||
The Interpublic Group of Cos., Inc. | 19,247 | 212,102 | ||||||
The Madison Square Garden Co. (Class A) (a) | 2,700 | 119,745 | ||||||
The Washington Post Co. (Class B) | 203 | 74,138 | ||||||
1,163,855 | ||||||||
METALS & MINING — 1.8% | ||||||||
Allegheny Technologies, Inc. | 4,751 | 144,240 | ||||||
Allied Nevada Gold Corp. (a) | 3,615 | 108,920 | ||||||
Coeur d’Alene Mines Corp. (a) | 4,023 | 98,966 | ||||||
Compass Minerals International, Inc. (b) | 1,487 | 111,094 | ||||||
Reliance Steel & Aluminum Co. | 3,326 | 206,544 | ||||||
Royal Gold, Inc. | 2,838 | 230,758 | ||||||
Steel Dynamics, Inc. | 9,812 | 134,719 | ||||||
Titanium Metals Corp. | 3,274 | 54,054 | ||||||
United States Steel Corp. (b) | 6,407 | 152,935 | ||||||
Walter Energy, Inc. (b) | 2,753 | 98,778 | ||||||
1,341,008 | ||||||||
MULTI-UTILITIES — 2.3% | ||||||||
Alliant Energy Corp. | 4,937 | 216,783 | ||||||
CMS Energy Corp. | 11,674 | 284,612 | ||||||
Integrys Energy Group, Inc. | 3,445 | 179,898 | ||||||
MDU Resources Group, Inc. | 8,424 | 178,926 | ||||||
NiSource, Inc. | 13,737 | 341,914 | ||||||
SCANA Corp. (b) | 5,870 | 267,907 | ||||||
TECO Energy, Inc. (b) | 9,118 | 152,818 | ||||||
Vectren Corp. | 3,644 | 107,133 | ||||||
1,729,991 | ||||||||
See accompanying notes to financial statements.
137
SPDR Dow Jones Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
MULTILINE RETAIL — 0.2% | ||||||||
Big Lots, Inc. (a) | 2,539 | $ | 72,260 | |||||
Dillard’s, Inc. (Class A) | 1,363 | 114,178 | ||||||
186,438 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Zebra Technologies Corp. (Class A) (a) | 2,257 | 88,655 | ||||||
OIL, GAS & CONSUMABLE FUELS — 3.5% | ||||||||
Berry Petroleum Co. (Class A) (b) | 2,042 | 68,509 | ||||||
Cheniere Energy, Inc. (a) | 9,900 | 185,922 | ||||||
Cimarex Energy Co. | 3,800 | 219,374 | ||||||
Energen Corp. | 3,247 | 146,407 | ||||||
Laredo Petroleum Holdings, Inc. (a)(b) | 1,000 | 18,160 | ||||||
Newfield Exploration Co. (a) | 6,000 | 160,680 | ||||||
Oasis Petroleum, Inc. (a)(b) | 3,181 | 101,156 | ||||||
Plains Exploration & Production Co. (a) | 5,700 | 267,558 | ||||||
QEP Resources, Inc. | 7,900 | 239,133 | ||||||
Rosetta Resources, Inc. (a) | 2,300 | 104,328 | ||||||
SandRidge Energy, Inc. (a)(b) | 15,562 | 98,819 | ||||||
SM Energy Co. | 2,905 | 151,670 | ||||||
Teekay Corp. | 1,630 | 52,323 | ||||||
Tesoro Corp. | 6,234 | 274,608 | ||||||
Ultra Petroleum Corp. (a) | 6,800 | 123,284 | ||||||
Whiting Petroleum Corp. (a) | 5,200 | 225,524 | ||||||
World Fuel Services Corp. | 3,203 | 131,867 | ||||||
WPX Energy, Inc. (a) | 8,900 | 132,432 | ||||||
2,701,754 | ||||||||
PAPER & FOREST PRODUCTS — 0.5% | ||||||||
Domtar Corp. | 1,540 | 128,621 | ||||||
MeadWestvaco Corp. | 7,732 | 246,419 | ||||||
375,040 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Nu Skin Enterprises, Inc. (Class A) | 2,392 | 88,624 | ||||||
PHARMACEUTICALS — 0.4% | ||||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 5,042 | 132,454 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 2,252 | 91,161 | ||||||
Warner Chilcott PLC (Class A) | 7,731 | 93,081 | ||||||
316,696 | ||||||||
PROFESSIONAL SERVICES — 1.2% | ||||||||
Dun & Bradstreet Corp. (b) | 2,010 | 158,087 | ||||||
Equifax, Inc. | 5,342 | 289,109 | ||||||
Manpower, Inc. | 3,501 | 148,582 | ||||||
Robert Half International, Inc. | 6,240 | 198,557 | ||||||
Towers Watson & Co. (Class A) | 2,520 | 141,649 | ||||||
935,984 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 8.6% | ||||||||
Alexandria Real Estate Equities, Inc. | 2,832 | 196,314 | ||||||
American Campus Communities, Inc. | 4,643 | 214,182 | ||||||
Apartment Investment & Management Co. (Class A) | 6,441 | 174,294 | ||||||
BioMed Realty Trust, Inc. | 6,850 | 132,411 | ||||||
BRE Properties, Inc. | 3,399 | 172,771 | ||||||
Camden Property Trust | 3,740 | 255,105 | ||||||
CBL & Associates Properties, Inc. | 7,100 | 150,591 | ||||||
Chimera Investment Corp. | 45,398 | 118,489 | ||||||
DDR Corp. (b) | 10,576 | 165,620 | ||||||
Douglas Emmett, Inc. | 5,760 | 134,208 | ||||||
Duke Realty Corp. | 12,036 | 166,939 | ||||||
Equity Lifestyle Properties, Inc. | 1,722 | 115,873 | ||||||
Essex Property Trust, Inc. | 1,629 | 238,893 | ||||||
Extra Space Storage, Inc. | 4,500 | 163,755 | ||||||
Federal Realty Investment Trust | 2,872 | 298,745 | ||||||
Hatteras Financial Corp. | 4,400 | 109,164 | ||||||
Healthcare Trust of America, Inc. | 2,400 | 23,760 | ||||||
Highwoods Properties, Inc. | 3,405 | 113,897 | ||||||
Home Properties, Inc. | 2,277 | 139,603 | ||||||
Hospitality Properties Trust | 5,453 | 127,709 | ||||||
Kilroy Realty Corp. | 3,300 | 156,321 | ||||||
Liberty Property Trust | 5,240 | 187,435 | ||||||
Mack-Cali Realty Corp. | 3,705 | 96,738 | ||||||
MFA Financial, Inc. | 15,885 | 128,827 | ||||||
Mid-America Apartment Communities, Inc. | 1,925 | 124,644 | ||||||
National Retail Properties, Inc. | 4,847 | 151,226 | ||||||
OMEGA Healthcare Investors, Inc. | 4,911 | 117,127 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) | 7,491 | 135,213 | ||||||
Rayonier, Inc. (b) | 5,434 | 281,644 | ||||||
Realty Income Corp. (b) | 5,951 | 239,290 | ||||||
Regency Centers Corp. | 4,057 | 191,166 | ||||||
Retail Properties of America, Inc. (Class A) (b) | 1,400 | 16,758 | ||||||
Senior Housing Properties Trust | 7,831 | 185,125 | ||||||
SL Green Realty Corp. | 4,031 | 308,976 | ||||||
Tanger Factory Outlet Centers, Inc. | 4,200 | 143,640 | ||||||
Taubman Centers, Inc. | 2,698 | 212,387 | ||||||
Two Harbors Investment Corp. | 13,200 | 146,256 | ||||||
UDR, Inc. | 11,112 | 264,243 | ||||||
Washington Real Estate Investment Trust | 2,922 | 76,410 | ||||||
Weingarten Realty Investors (b) | 4,983 | 133,395 | ||||||
6,509,144 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.7% | ||||||||
CBRE Group, Inc. (a) | 13,437 | 267,396 | ||||||
Jones Lang LaSalle, Inc. | 1,955 | 164,103 | ||||||
Realogy Holdings Corp. (a) | 2,000 | 83,920 | ||||||
515,419 | ||||||||
ROAD & RAIL — 0.9% | ||||||||
Hertz Global Holdings, Inc. (a) | 13,340 | 217,042 | ||||||
J.B. Hunt Transport Services, Inc. | 4,037 | 241,049 | ||||||
Landstar System, Inc. | 2,018 | 105,864 | ||||||
Ryder Systems, Inc. | 2,266 | 113,142 | ||||||
677,097 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.9% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 26,917 | 64,601 | ||||||
Atmel Corp. (a) | 19,644 | 128,668 | ||||||
Cree, Inc. (a)(b) | 5,205 | 176,866 | ||||||
Cypress Semiconductor Corp. (a)(b) | 5,812 | 63,002 | ||||||
First Solar, Inc. (a)(b) | 2,700 | 83,376 | ||||||
Lam Research Corp. (a) | 7,640 | 276,033 | ||||||
LSI Corp. (a) | 24,589 | 174,090 | ||||||
ON Semiconductor Corp. (a) | 19,934 | 140,535 | ||||||
Skyworks Solutions, Inc. (a) | 8,693 | 176,468 |
See accompanying notes to financial statements.
138
SPDR Dow Jones Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Teradyne, Inc. (a)(b) | 8,400 | $ | 141,876 | |||||
1,425,515 | ||||||||
SOFTWARE — 3.1% | ||||||||
Ansys, Inc. (a) | 4,109 | 276,700 | ||||||
Cadence Design Systems, Inc. (a) | 12,482 | 168,632 | ||||||
Compuware Corp. (a) | 9,545 | 103,754 | ||||||
Concur Technologies, Inc. (a)(b) | 2,047 | 138,213 | ||||||
Electronic Arts, Inc. (a) | 13,600 | 197,608 | ||||||
Factset Research Systems, Inc. (b) | 1,835 | 161,590 | ||||||
Fortinet, Inc. (a) | 5,867 | 123,618 | ||||||
Informatica Corp. (a) | 4,765 | 144,475 | ||||||
MICROS Systems, Inc. (a) | 3,555 | 150,874 | ||||||
NetSuite, Inc. (a)(b) | 1,200 | 80,760 | ||||||
Parametric Technology Corp. (a) | 5,268 | 118,583 | ||||||
ServiceNow, Inc. (a)(b) | 500 | 15,015 | ||||||
Solarwinds, Inc. (a) | 2,700 | 141,615 | ||||||
Solera Holdings, Inc. | 3,061 | 163,672 | ||||||
Splunk, Inc. (a) | 1,200 | 34,824 | ||||||
Synopsys, Inc. (a) | 6,618 | 210,717 | ||||||
TIBCO Software, Inc. (a) | 6,842 | 150,592 | ||||||
2,381,242 | ||||||||
SPECIALTY RETAIL — 4.0% | ||||||||
Aaron’s, Inc. | 3,126 | 88,403 | ||||||
Abercrombie & Fitch Co. (Class A) | 3,491 | 167,463 | ||||||
Advance Auto Parts, Inc. | 3,247 | 234,920 | ||||||
American Eagle Outfitters, Inc. | 7,942 | 162,890 | ||||||
Ascena Retail Group, Inc. (a) | 5,500 | 101,695 | ||||||
AutoNation, Inc. (a) | 1,705 | 67,689 | ||||||
Cabela’s, Inc. (a)(b) | 2,100 | 87,675 | ||||||
Chico’s FAS, Inc. | 7,404 | 136,678 | ||||||
Dick’s Sporting Goods, Inc. | 4,372 | 198,882 | ||||||
Foot Locker, Inc. | 6,679 | 214,530 | ||||||
GameStop Corp. (Class A) (b) | 5,365 | 134,608 | ||||||
GNC Holdings, Inc. (Class A) | 3,300 | 109,824 | ||||||
Guess?, Inc. | 2,719 | 66,724 | ||||||
Sally Beauty Holdings, Inc. (a) | 6,904 | 162,727 | ||||||
Signet Jewelers, Ltd. | 3,632 | 193,949 | ||||||
Tractor Supply Co. | 3,090 | 273,032 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. | 2,619 | 257,343 | ||||||
Urban Outfitters, Inc. (a) | 4,849 | 190,857 | ||||||
Williams-Sonoma, Inc. | 3,863 | 169,084 | ||||||
3,018,973 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.4% | ||||||||
Carter’s, Inc. (a)(b) | 2,300 | 127,995 | ||||||
Deckers Outdoor Corp. (a)(b) | 1,532 | 61,694 | ||||||
Fossil, Inc. (a) | 2,432 | 226,419 | ||||||
Hanesbrands, Inc. (a) | 4,352 | 155,888 | ||||||
PVH Corp. | 3,170 | 351,902 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 3,476 | 168,690 | ||||||
1,092,588 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.9% | ||||||||
Capitol Federal Financial, Inc. | 6,234 | 72,876 | ||||||
Hudson City Bancorp, Inc. | 21,210 | 172,437 | ||||||
Ocwen Financial Corp. (a) | 5,200 | 179,868 | ||||||
People’s United Financial, Inc. (b) | 15,403 | 186,222 | ||||||
TFS Financial Corp. (a) | 3,621 | 34,834 | ||||||
646,237 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.7% | ||||||||
Air Lease Corp. (a) | 2,973 | 63,920 | ||||||
MRC Global, Inc. (a) | 1,000 | 27,780 | ||||||
MSC Industrial Direct Co., Inc. (Class A) | 2,043 | 154,001 | ||||||
United Rentals, Inc. (a)(b) | 4,100 | 186,632 | ||||||
WESCO International, Inc. (a)(b) | 1,900 | 128,117 | ||||||
560,450 | ||||||||
WATER UTILITIES — 0.6% | ||||||||
American Water Works Co., Inc. | 7,801 | 289,651 | ||||||
Aqua America, Inc. (b) | 6,215 | 157,985 | ||||||
447,636 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.9% | ||||||||
Clearwire Corp. (Class A) (a) | 19,494 | 56,338 | ||||||
MetroPCS Communications, Inc. (a) | 14,113 | 140,283 | ||||||
SBA Communications Corp. (Class A) (a)(b) | 5,617 | 398,919 | ||||||
Telephone & Data Systems, Inc. | 4,543 | 100,582 | ||||||
US Cellular Corp. (a) | 558 | 19,664 | ||||||
715,786 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $65,869,640) | 76,006,417 | |||||||
SHORT TERM INVESTMENTS — 9.7% | ||||||||
MONEY MARKET FUNDS — 9.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 6,215,327 | 6,215,327 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 1,157,613 | 1,157,613 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $7,372,940) | 7,372,940 | |||||||
TOTAL INVESTMENTS — 109.5% (f) | ||||||||
(Cost $73,242,580) | 83,379,357 | |||||||
OTHER ASSETS & LIABILITIES — (9.5)% | (7,233,795 | ) | ||||||
NET ASSETS — 100.0% | $ | 76,145,562 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
139
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AEROSPACE & DEFENSE — 1.2% | ||||||||
BE Aerospace, Inc. (a) | 11,517 | $ | 568,940 | |||||
Triumph Group, Inc. | 3,362 | 219,538 | ||||||
788,478 | ||||||||
AIRLINES — 0.5% | ||||||||
Alaska Air Group, Inc. (a) | 7,933 | 341,833 | ||||||
AUTO COMPONENTS — 0.4% | ||||||||
Gentex Corp. (b) | 15,867 | 298,617 | ||||||
AUTOMOBILES — 0.3% | ||||||||
Thor Industries, Inc. | 4,900 | 183,407 | ||||||
BIOTECHNOLOGY — 4.0% | ||||||||
Regeneron Pharmaceuticals, Inc. (a) | 8,326 | 1,424,329 | ||||||
United Therapeutics Corp. (a) | 5,259 | 280,936 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 24,089 | 1,010,292 | ||||||
2,715,557 | ||||||||
BUILDING PRODUCTS — 1.2% | ||||||||
Fortune Brands Home & Security, Inc. (a) | 18,008 | 526,194 | ||||||
Lennox International, Inc. | 5,100 | 267,852 | ||||||
794,046 | ||||||||
CAPITAL MARKETS — 3.4% | ||||||||
Affiliated Managers Group, Inc. (a) | 5,779 | 752,137 | ||||||
Eaton Vance Corp. (b) | 12,755 | 406,247 | ||||||
Greenhill & Co., Inc. | 1,648 | 85,679 | ||||||
Jefferies Group, Inc. | 14,200 | 263,694 | ||||||
Raymond James Financial, Inc. | 7,200 | 277,416 | ||||||
SEI Investments Co. | 8,679 | 202,568 | ||||||
Waddell & Reed Financial, Inc. (Class A) (b) | 9,526 | 331,695 | ||||||
2,319,436 | ||||||||
CHEMICALS — 3.0% | ||||||||
Albemarle Corp. | 5,986 | 371,850 | ||||||
Ashland, Inc. | 4,200 | 337,722 | ||||||
Cytec Industries, Inc. | 3,100 | 213,373 | ||||||
NewMarket Corp. (b) | 1,191 | 312,280 | ||||||
RPM International, Inc. | 7,200 | 211,392 | ||||||
Valspar Corp. | 9,319 | 581,506 | ||||||
2,028,123 | ||||||||
COMMERCIAL BANKS — 2.2% | ||||||||
Cathay General Bancorp (b) | 8,100 | 157,950 | ||||||
City National Corp. | 5,200 | 257,504 | ||||||
Fulton Financial Corp. | 12,400 | 119,164 | ||||||
Signature Bank (a) | 5,111 | 364,619 | ||||||
SVB Financial Group (a) | 4,934 | 276,156 | ||||||
Synovus Financial Corp. | 87,200 | 213,640 | ||||||
Webster Financial Corp. | 4,900 | 100,695 | ||||||
1,489,728 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.3% | ||||||||
Clean Harbors, Inc. (a) | 5,891 | 324,064 | ||||||
Copart, Inc. (a) | 11,723 | 345,828 | ||||||
Corrections Corp. of America | 11,100 | 393,717 | ||||||
Deluxe Corp. | 2,400 | 77,376 | ||||||
Herman Miller, Inc. | 2,900 | 62,118 | ||||||
Mine Safety Appliances Co. | 1,652 | 70,557 | ||||||
Rollins, Inc. | 4,048 | 89,218 | ||||||
Waste Connections, Inc. (b) | 6,914 | 233,624 | ||||||
1,596,502 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.2% | ||||||||
Ciena Corp. (a)(b) | 11,147 | 175,008 | ||||||
InterDigital, Inc. (b) | 4,499 | 184,909 | ||||||
Plantronics, Inc. | 2,863 | 105,559 | ||||||
Riverbed Technology, Inc. (a) | 18,105 | 357,030 | ||||||
822,506 | ||||||||
COMPUTERS & PERIPHERALS — 0.4% | ||||||||
NCR Corp. (a) | 11,700 | 298,116 | ||||||
CONSTRUCTION & ENGINEERING — 0.5% | ||||||||
The Shaw Group, Inc. (a) | 7,400 | 344,914 | ||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
Martin Marietta Materials, Inc. (b) | 2,464 | 232,306 | ||||||
CONTAINERS & PACKAGING — 0.8% | ||||||||
Packaging Corp. of America | 10,868 | 418,092 | ||||||
Silgan Holdings, Inc. | 2,612 | 108,633 | ||||||
526,725 | ||||||||
DISTRIBUTORS — 1.0% | ||||||||
LKQ Corp. (a) | 32,992 | 696,131 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.7% | ||||||||
Service Corp. International | 23,600 | 325,916 | ||||||
Sotheby’s (b) | 5,006 | 168,302 | ||||||
494,218 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.6% | ||||||||
CBOE Holdings, Inc. | 5,852 | 172,400 | ||||||
MSCI, Inc. (Class A) (a) | 8,136 | 252,135 | ||||||
424,535 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6% | ||||||||
tw telecom, Inc. (a) | 16,804 | 427,998 | ||||||
ELECTRIC UTILITIES — 0.1% | ||||||||
PNM Resources, Inc. | 4,600 | 94,346 | ||||||
ELECTRICAL EQUIPMENT — 2.5% | ||||||||
Acuity Brands, Inc. (b) | 2,941 | 199,194 | ||||||
AMETEK, Inc. | 26,974 | 1,013,413 | ||||||
Hubbell, Inc. (Class B) | 3,434 | 290,620 | ||||||
Regal-Beloit Corp. | 2,588 | 182,376 | ||||||
1,685,603 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.9% | ||||||||
Itron, Inc. (a) | 4,300 | 191,565 | ||||||
Mettler-Toledo International, Inc. (a) | 3,382 | 653,741 | ||||||
National Instruments Corp. | 10,478 | 270,437 | ||||||
Trimble Navigation, Ltd. (a) | 14,030 | 838,713 | ||||||
1,954,456 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.8% | ||||||||
CARBO Ceramics, Inc. | 1,094 | 85,704 | ||||||
Dresser-Rand Group, Inc. (a)(b) | 3,809 | 213,837 | ||||||
Dril-Quip, Inc. (a) | 2,032 | 148,438 | ||||||
Oceaneering International, Inc. | 6,975 | 375,185 | ||||||
Oil States International, Inc. (a) | 3,495 | 250,032 |
See accompanying notes to financial statements.
140
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Patterson-UTI Energy, Inc. (b) | 8,400 | $ | 156,492 | |||||
1,229,688 | ||||||||
FOOD & STAPLES RETAILING — 0.2% | ||||||||
SUPERVALU, Inc. (b) | 10,700 | 26,429 | ||||||
United Natural Foods, Inc. (a) | 2,700 | 144,693 | ||||||
171,122 | ||||||||
FOOD PRODUCTS — 2.2% | ||||||||
Flowers Foods, Inc. | 6,224 | 144,832 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 8,887 | 367,566 | ||||||
Ingredion, Inc. | 8,544 | 550,490 | ||||||
Lancaster Colony Corp. | 1,046 | 72,373 | ||||||
Ralcorp Holdings, Inc. (a) | 3,797 | 340,401 | ||||||
Tootsie Roll Industries, Inc. (b) | 1,140 | 29,549 | ||||||
1,505,211 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 3.5% | ||||||||
Hologic, Inc. (a) | 15,667 | 313,810 | ||||||
IDEXX Laboratories, Inc. (a)(b) | 6,066 | 562,925 | ||||||
Masimo Corp. (b) | 3,202 | 67,274 | ||||||
ResMed, Inc. (b) | 15,986 | 664,538 | ||||||
The Cooper Cos., Inc. | 5,367 | 496,340 | ||||||
Thoratec Corp. (a)(b) | 6,592 | 247,332 | ||||||
2,352,219 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.4% | ||||||||
Henry Schein, Inc. (a) | 5,779 | 464,978 | ||||||
HMS Holdings Corp. (a) | 9,795 | 253,887 | ||||||
MEDNAX, Inc. (a) | 2,825 | 224,644 | ||||||
943,509 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.8% | ||||||||
Bally Technologies, Inc. (a) | 4,503 | 201,329 | ||||||
Bob Evans Farms, Inc. | 3,100 | 124,620 | ||||||
Brinker International, Inc. | 5,600 | 173,544 | ||||||
Life Time Fitness, Inc. (a)(b) | 2,127 | 104,670 | ||||||
Panera Bread Co. (Class A) (a) | 3,158 | 501,585 | ||||||
The Cheesecake Factory, Inc. (b) | 3,149 | 103,035 | ||||||
1,208,783 | ||||||||
HOUSEHOLD DURABLES — 3.3% | ||||||||
Jarden Corp. (a) | 8,163 | 422,027 | ||||||
KB Home | 8,500 | 134,300 | ||||||
M.D.C. Holdings, Inc. | 4,300 | 158,068 | ||||||
Mohawk Industries, Inc. (a) | 4,100 | 370,927 | ||||||
NVR, Inc. (a) | 320 | 294,400 | ||||||
Tempur-Pedic International, Inc. (a)(b) | 3,889 | 122,465 | ||||||
Toll Brothers, Inc. (a) | 16,600 | 536,678 | ||||||
Tupperware Brands Corp. | 3,688 | 236,401 | ||||||
2,275,266 | ||||||||
HOUSEHOLD PRODUCTS — 0.7% | ||||||||
Church & Dwight Co., Inc. | 8,867 | 475,005 | ||||||
INDUSTRIAL CONGLOMERATES — 0.4% | ||||||||
Carlisle Cos., Inc. | 4,075 | 239,447 | ||||||
INSURANCE — 2.0% | ||||||||
Alleghany Corp. (a) | 990 | 332,066 | ||||||
Arthur J. Gallagher & Co. | 7,212 | 249,896 | ||||||
Brown & Brown, Inc. | 7,241 | 184,356 | ||||||
Fidelity National Financial, Inc. (Class A) | 12,900 | 303,795 | ||||||
First American Financial Corp. | 11,800 | 284,262 | ||||||
1,354,375 | ||||||||
INTERNET & CATALOG RETAIL — 0.3% | ||||||||
HSN, Inc. | 3,995 | 220,045 | ||||||
INTERNET SOFTWARE & SERVICES — 3.4% | ||||||||
AOL, Inc. (a) | 4,000 | 118,440 | ||||||
Equinix, Inc. (a) | 5,385 | 1,110,387 | ||||||
Rackspace Hosting, Inc. (a) | 12,220 | 907,580 | ||||||
ValueClick, Inc. (a)(b) | 7,820 | 151,786 | ||||||
2,288,193 | ||||||||
IT SERVICES — 4.7% | ||||||||
Acxiom Corp. (a) | 5,200 | 90,792 | ||||||
Alliance Data Systems Corp. (a)(b) | 5,540 | 801,970 | ||||||
Broadridge Financial Solutions, Inc. | 6,105 | 139,682 | ||||||
CoreLogic, Inc. (a) | 10,800 | 290,736 | ||||||
Gartner, Inc. (a) | 10,507 | 483,532 | ||||||
Global Payments, Inc. | 4,563 | 206,704 | ||||||
Jack Henry & Associates, Inc. | 6,029 | 236,699 | ||||||
Lender Processing Services, Inc. | 4,736 | 116,600 | ||||||
NeuStar, Inc. (Class A) (a) | 7,305 | 306,299 | ||||||
VeriFone Systems, Inc. (a)(b) | 5,808 | 172,382 | ||||||
WEX, Inc. (a) | 4,302 | 324,242 | ||||||
3,169,638 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.9% | ||||||||
Polaris Industries, Inc. | 7,164 | 602,851 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.8% | ||||||||
Charles River Laboratories International, Inc. (a) | 5,392 | 202,038 | ||||||
Covance, Inc. (a) | 3,616 | 208,896 | ||||||
Techne Corp. | 1,985 | 135,655 | ||||||
546,589 | ||||||||
MACHINERY — 5.3% | ||||||||
CLARCOR, Inc. | 2,403 | 114,815 | ||||||
Donaldson Co., Inc. | 9,164 | 300,946 | ||||||
Graco, Inc. | 6,679 | 343,902 | ||||||
IDEX Corp. | 6,144 | 285,880 | ||||||
ITT Corp. | 4,900 | 114,954 | ||||||
Lincoln Electric Holdings, Inc. | 9,240 | 449,803 | ||||||
Nordson Corp. | 6,213 | 392,165 | ||||||
Terex Corp. (a) | 12,300 | 345,753 | ||||||
Timken Co. | 8,800 | 420,904 | ||||||
Valmont Industries, Inc. | 2,604 | 355,576 | ||||||
Wabtec Corp. | 5,371 | 470,177 | ||||||
3,594,875 | ||||||||
MARINE — 0.3% | ||||||||
Kirby Corp. (a)(b) | 3,403 | 210,612 | ||||||
MEDIA — 1.2% | ||||||||
AMC Networks, Inc. (Class A) (a) | 6,355 | 314,572 | ||||||
Cinemark Holdings, Inc. | 11,316 | 293,990 | ||||||
Lamar Advertising Co. (Class A) (a)(b) | 6,116 | 236,995 | ||||||
845,557 | ||||||||
METALS & MINING — 1.5% | ||||||||
Carpenter Technology Corp. | 3,416 | 176,368 |
See accompanying notes to financial statements.
141
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Compass Minerals International, Inc. (b) | 1,662 | $ | 124,168 | |||||
Royal Gold, Inc. | 7,236 | 588,359 | ||||||
Worthington Industries, Inc. | 5,800 | 150,742 | ||||||
1,039,637 | ||||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Zebra Technologies Corp. (Class A) (a) | 3,271 | 128,485 | ||||||
OIL, GAS & CONSUMABLE FUELS — 3.3% | ||||||||
Cimarex Energy Co. | 4,102 | 236,808 | ||||||
Forest Oil Corp. (a) | 6,600 | 44,154 | ||||||
Hollyfrontier Corp. | 22,500 | 1,047,375 | ||||||
Northern Oil and Gas, Inc. (a) | 6,553 | 110,221 | ||||||
Plains Exploration & Production Co. (a) | 8,405 | 394,531 | ||||||
Quicksilver Resources, Inc. (a)(b) | 6,200 | 17,732 | ||||||
Rosetta Resources, Inc. (a) | 3,350 | 151,956 | ||||||
SM Energy Co. | 4,222 | 220,431 | ||||||
2,223,208 | ||||||||
PAPER & FOREST PRODUCTS — 0.4% | ||||||||
Louisiana-Pacific Corp. (a) | 15,300 | 295,596 | ||||||
PHARMACEUTICALS — 0.3% | ||||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 6,671 | 175,247 | ||||||
PROFESSIONAL SERVICES — 0.1% | ||||||||
The Corporate Executive Board Co. | 2,089 | 99,144 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 7.5% | ||||||||
American Campus Communities, Inc. | 5,609 | 258,743 | ||||||
BRE Properties, Inc. | 3,488 | 177,295 | ||||||
Camden Property Trust | 4,674 | 318,813 | ||||||
Corporate Office Properties Trust | 3,700 | 92,426 | ||||||
Duke Realty Corp. | 13,700 | 190,019 | ||||||
Equity One, Inc. | 3,000 | 63,030 | ||||||
Essex Property Trust, Inc. | 1,989 | 291,687 | ||||||
Federal Realty Investment Trust | 4,112 | 427,730 | ||||||
Highwoods Properties, Inc. | 5,200 | 173,940 | ||||||
Home Properties, Inc. | 2,561 | 157,015 | ||||||
National Retail Properties, Inc. | 5,909 | 184,361 | ||||||
OMEGA Healthcare Investors, Inc. | 12,414 | 296,074 | ||||||
Potlatch Corp. | 2,584 | 101,267 | ||||||
Rayonier, Inc. | 8,306 | 430,500 | ||||||
Realty Income Corp. (b) | 8,402 | 337,844 | ||||||
Regency Centers Corp. | 5,575 | 262,694 | ||||||
Senior Housing Properties Trust | 9,740 | 230,254 | ||||||
Taubman Centers, Inc. | 4,057 | 319,367 | ||||||
The Macerich Co. | 6,533 | 380,874 | ||||||
UDR, Inc. | 11,688 | 277,941 | ||||||
Weingarten Realty Investors | 6,100 | 163,297 | ||||||
5,135,171 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.6% | ||||||||
Jones Lang LaSalle, Inc. | 4,900 | 411,306 | ||||||
ROAD & RAIL — 2.4% | ||||||||
Genesee & Wyoming, Inc. (Class A) (a) | 2,964 | 225,501 | ||||||
J.B. Hunt Transport Services, Inc. | 10,173 | 607,430 | ||||||
Kansas City Southern | 7,435 | 620,674 | ||||||
Landstar System, Inc. | 3,192 | 167,452 | ||||||
1,621,057 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.5% | ||||||||
Atmel Corp. (a) | 48,698 | 318,972 | ||||||
Cree, Inc. (a)(b) | 12,853 | 436,745 | ||||||
Cypress Semiconductor Corp. (a)(b) | 6,844 | 74,189 | ||||||
Integrated Device Technology, Inc. (a) | 8,500 | 62,050 | ||||||
RF Micro Devices, Inc. (a) | 13,900 | 62,272 | ||||||
Semtech Corp. (a)(b) | 7,463 | 216,054 | ||||||
Silicon Laboratories, Inc. (a) | 2,210 | 92,400 | ||||||
Skyworks Solutions, Inc. (a) | 21,566 | 437,790 | ||||||
1,700,472 | ||||||||
SOFTWARE — 5.3% | ||||||||
ACI Worldwide, Inc. (a) | 4,372 | 191,013 | ||||||
Advent Software, Inc. (a)(b) | 1,737 | 37,137 | ||||||
Ansys, Inc. (a) | 6,588 | 443,636 | ||||||
Cadence Design Systems, Inc. (a)(b) | 31,019 | 419,067 | ||||||
Concur Technologies, Inc. (a)(b) | 5,021 | 339,018 | ||||||
Factset Research Systems, Inc. (b) | 2,590 | 228,075 | ||||||
Fair Isaac Corp. | 3,876 | 162,908 | ||||||
Mentor Graphics Corp. (a) | 10,500 | 178,710 | ||||||
MICROS Systems, Inc. (a) | 4,319 | 183,298 | ||||||
Parametric Technology Corp. (a) | 6,222 | 140,057 | ||||||
Solarwinds, Inc. (a) | 6,877 | 360,699 | ||||||
Solera Holdings, Inc. | 4,776 | 255,373 | ||||||
Synopsys, Inc. (a) | 8,603 | 273,919 | ||||||
TIBCO Software, Inc. (a) | 17,295 | 380,663 | ||||||
3,593,573 | ||||||||
SPECIALTY RETAIL — 6.1% | ||||||||
Advance Auto Parts, Inc. | �� | 4,274 | 309,224 | |||||
American Eagle Outfitters, Inc. | 20,000 | 410,200 | ||||||
ANN, Inc. (a) | 5,400 | 182,736 | ||||||
Ascena Retail Group, Inc. (a) | 14,011 | 259,063 | ||||||
Cabela’s, Inc. (a)(b) | 5,100 | 212,925 | ||||||
Chico’s FAS, Inc. | 18,500 | 341,510 | ||||||
Dick’s Sporting Goods, Inc. | 10,838 | 493,021 | ||||||
Foot Locker, Inc. | 16,700 | 536,404 | ||||||
Office Depot, Inc. (a) | 16,800 | 55,104 | ||||||
Signet Jewelers, Ltd. | 4,103 | 219,100 | ||||||
Tractor Supply Co. | 7,779 | 687,352 | ||||||
Williams-Sonoma, Inc. | 9,588 | 419,667 | ||||||
4,126,306 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 3.4% | ||||||||
Carter’s, Inc. (a)(b) | 5,701 | 317,261 | ||||||
Hanesbrands, Inc. (a) | 10,900 | 390,438 | ||||||
PVH Corp. | 7,838 | 870,096 | ||||||
The Warnaco Group, Inc. (a) | 4,573 | 327,290 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 8,549 | 414,883 | ||||||
2,319,968 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.3% | ||||||||
Washington Federal, Inc. | 11,800 | 199,066 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 1.3% | ||||||||
MSC Industrial Direct Co., Inc. (Class A) | 5,157 | 388,735 | ||||||
United Rentals, Inc. (a)(b) | 7,095 | 322,964 | ||||||
Watsco, Inc. (b) | 1,993 | 149,276 | ||||||
860,975 | ||||||||
See accompanying notes to financial statements.
142
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
WATER UTILITIES — 0.3% | ||||||||
Aqua America, Inc. (b) | 8,513 | $ | 216,400 | |||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $59,432,532) | 67,936,177 | |||||||
SHORT TERM INVESTMENTS — 7.0% | ||||||||
MONEY MARKET FUNDS — 7.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 4,347,524 | 4,347,524 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 446,831 | 446,831 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $4,794,355) | 4,794,355 | |||||||
TOTAL INVESTMENTS — 106.8% (f) | ||||||||
(Cost $64,226,887) | 72,730,532 | |||||||
OTHER ASSETS & LIABILITIES — (6.8)% | (4,638,572 | ) | ||||||
NET ASSETS — 100.0% | $ | 68,091,960 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
143
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
AEROSPACE & DEFENSE — 1.6% | ||||||||
Alliant Techsystems, Inc. | 1,359 | $ | 84,204 | |||||
Esterline Technologies Corp. (a) | 1,298 | 82,566 | ||||||
Exelis, Inc. (b) | 7,669 | 86,429 | ||||||
Huntington Ingalls Industries, Inc. | 2,035 | 88,197 | ||||||
Triumph Group, Inc. | 800 | 52,240 | ||||||
393,636 | ||||||||
AIR FREIGHT & LOGISTICS — 0.2% | ||||||||
UTI Worldwide, Inc. | 4,247 | 56,910 | ||||||
AIRLINES — 0.2% | ||||||||
JetBlue Airways Corp. (a)(b) | 9,409 | 53,725 | ||||||
CAPITAL MARKETS — 1.5% | ||||||||
Apollo Investment Corp. (b) | 8,352 | 69,823 | ||||||
Federated Investors, Inc. (Class B) | 3,800 | 76,874 | ||||||
Greenhill & Co., Inc. | 489 | 25,423 | ||||||
Janus Capital Group, Inc. (b) | 7,708 | 65,672 | ||||||
Raymond James Financial, Inc. | 1,898 | 73,130 | ||||||
SEI Investments Co. | 2,374 | 55,409 | ||||||
366,331 | ||||||||
CHEMICALS — 3.2% | ||||||||
Albemarle Corp. | 1,470 | 91,316 | ||||||
Ashland, Inc. | 1,447 | 116,353 | ||||||
Cabot Corp. (b) | 2,443 | 97,207 | ||||||
Cytec Industries, Inc. | 735 | 50,590 | ||||||
Intrepid Potash, Inc. (b) | 2,200 | 46,838 | ||||||
Minerals Technologies, Inc. (b) | 1,478 | 59,002 | ||||||
Olin Corp. (b) | 3,292 | 71,074 | ||||||
RPM International, Inc. | 2,738 | 80,388 | ||||||
Sensient Technologies Corp. | 2,089 | 74,285 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 1,617 | 71,229 | ||||||
758,282 | ||||||||
COMMERCIAL BANKS — 5.5% | ||||||||
Associated Banc-Corp. | 7,048 | 92,470 | ||||||
BancorpSouth, Inc. | 3,420 | 49,727 | ||||||
Bank of Hawaii Corp. (b) | 1,834 | 80,788 | ||||||
Commerce Bancshares, Inc. (b) | 3,166 | 111,000 | ||||||
Cullen/Frost Bankers, Inc. (b) | 2,506 | 136,001 | ||||||
East West Bancorp, Inc. | 5,840 | 125,501 | ||||||
First Niagara Financial Group, Inc. (b) | 14,469 | 114,739 | ||||||
FirstMerit Corp. | 4,501 | 63,869 | ||||||
Fulton Financial Corp. (b) | 3,635 | 34,932 | ||||||
Hancock Holding Co. (b) | 3,479 | 110,423 | ||||||
International Bancshares Corp. | 2,246 | 40,540 | ||||||
Prosperity Bancshares, Inc. (b) | 1,781 | 74,802 | ||||||
TCF Financial Corp. (b) | 6,691 | 81,296 | ||||||
Trustmark Corp. (b) | 2,654 | 59,609 | ||||||
Valley National Bancorp (b) | 8,106 | 75,386 | ||||||
Webster Financial Corp. | 1,502 | 30,866 | ||||||
Westamerica Bancorporation (b) | 1,127 | 47,999 | ||||||
1,329,948 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.6% | ||||||||
Deluxe Corp. | 1,176 | 37,914 | ||||||
Herman Miller, Inc. (b) | 1,396 | 29,902 | ||||||
HNI Corp. (b) | 1,869 | 56,182 | ||||||
Mine Safety Appliances Co. | 670 | 28,616 | ||||||
R.R. Donnelley & Sons Co. (b) | 7,400 | 66,600 | ||||||
Rollins, Inc. | 1,252 | 27,594 | ||||||
The Brink’s Co. | 1,958 | 55,862 | ||||||
Waste Connections, Inc. (b) | 2,477 | 83,698 | ||||||
386,368 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.8% | ||||||||
ADTRAN, Inc. | 2,600 | 50,804 | ||||||
Plantronics, Inc. (b) | 745 | 27,468 | ||||||
Polycom, Inc. (a) | 7,195 | 75,260 | ||||||
Tellabs, Inc. (b) | 14,152 | 32,266 | ||||||
185,798 | ||||||||
COMPUTERS & PERIPHERALS — 1.0% | ||||||||
Diebold, Inc. | 2,601 | 79,616 | ||||||
Lexmark International, Inc. (Class A) (b) | 2,647 | 61,384 | ||||||
NCR Corp. (a) | 2,235 | 56,948 | ||||||
QLogic Corp. (a)(b) | 3,871 | 37,665 | ||||||
235,613 | ||||||||
CONSTRUCTION & ENGINEERING — 1.9% | ||||||||
Aecom Technology Corp. (a) | 4,443 | 105,743 | ||||||
Granite Construction, Inc. (b) | 1,457 | 48,984 | ||||||
KBR, Inc. | 6,069 | 181,585 | ||||||
URS Corp. (b) | 3,161 | 124,101 | ||||||
460,413 | ||||||||
CONSTRUCTION MATERIALS — 0.4% | ||||||||
Martin Marietta Materials, Inc. (b) | 963 | 90,792 | ||||||
CONTAINERS & PACKAGING — 2.3% | ||||||||
AptarGroup, Inc. | 2,700 | 128,844 | ||||||
Greif, Inc. (Class A) | 1,239 | 55,136 | ||||||
Rock-Tenn Co. (Class A) | 2,900 | 202,739 | ||||||
Silgan Holdings, Inc. | 1,083 | 45,042 | ||||||
Sonoco Products Co. | 4,136 | 122,963 | ||||||
554,724 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.8% | ||||||||
DeVry, Inc. (b) | 2,400 | 56,952 | ||||||
Matthews International Corp. (Class A) (b) | 1,163 | 37,332 | ||||||
Regis Corp. (b) | 2,367 | 40,050 | ||||||
Sotheby’s (b) | 908 | 30,527 | ||||||
Strayer Education, Inc. | 500 | 28,085 | ||||||
192,946 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.4% | ||||||||
CBOE Holdings, Inc. | 1,442 | 42,481 | ||||||
MSCI, Inc. (Class A) (a) | 2,000 | 61,980 | ||||||
104,461 | ||||||||
ELECTRIC UTILITIES — 4.2% | ||||||||
Cleco Corp. | 2,514 | 100,585 | ||||||
Great Plains Energy, Inc. | 6,310 | 128,156 | ||||||
Hawaiian Electric Industries, Inc. | 3,988 | 100,258 | ||||||
IDACORP, Inc. | 2,058 | 89,214 | ||||||
NV Energy, Inc. | 9,713 | 176,194 | ||||||
OGE Energy Corp. | 4,039 | 227,436 | ||||||
PNM Resources, Inc. | 1,562 | 32,037 |
See accompanying notes to financial statements.
144
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Westar Energy, Inc. (b) | 5,203 | $ | 148,910 | |||||
1,002,790 | ||||||||
ELECTRICAL EQUIPMENT — 1.0% | ||||||||
Acuity Brands, Inc. (b) | 669 | 45,311 | ||||||
General Cable Corp. (a)(b) | 2,036 | 61,915 | ||||||
Hubbell, Inc. (Class B) | 919 | 77,775 | ||||||
Regal-Beloit Corp. | 863 | 60,816 | ||||||
245,817 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.4% | ||||||||
Arrow Electronics, Inc. (a) | 4,374 | 166,562 | ||||||
Avnet, Inc. (a) | 5,619 | 171,997 | ||||||
Ingram Micro, Inc. (Class A) (a) | 6,164 | 104,295 | ||||||
Tech Data Corp. (a) | 1,554 | 70,754 | ||||||
Vishay Intertechnology, Inc. (a)(b) | 5,421 | 57,625 | ||||||
571,233 | ||||||||
ENERGY EQUIPMENT & SERVICES — 3.8% | ||||||||
Atwood Oceanics, Inc. (a)(b) | 2,320 | 106,233 | ||||||
CARBO Ceramics, Inc. | 400 | 31,336 | ||||||
Dresser-Rand Group, Inc. (a) | 1,700 | 95,438 | ||||||
Dril-Quip, Inc. (a) | 750 | 54,787 | ||||||
Helix Energy Solutions Group, Inc. (a)(b) | 3,998 | 82,519 | ||||||
Oceaneering International, Inc. | 1,900 | 102,201 | ||||||
Oil States International, Inc. (a) | 950 | 67,963 | ||||||
Patterson-UTI Energy, Inc. (b) | 3,033 | 56,505 | ||||||
Superior Energy Services, Inc. (a) | 6,470 | 134,058 | ||||||
Tidewater, Inc. (b) | 2,046 | 91,415 | ||||||
Unit Corp. (a) | 1,772 | 79,829 | ||||||
902,284 | ||||||||
FOOD & STAPLES RETAILING — 0.6% | ||||||||
Harris Teeter Supermarkets, Inc. | 2,029 | 78,238 | ||||||
SUPERVALU, Inc. (b) | 4,884 | 12,064 | ||||||
United Natural Foods, Inc. (a) | 1,000 | 53,590 | ||||||
143,892 | ||||||||
FOOD PRODUCTS — 2.3% | ||||||||
Flowers Foods, Inc. (b) | 2,408 | 56,034 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 1,800 | 74,448 | ||||||
Hillshire Brands Co. | 5,080 | 142,951 | ||||||
Lancaster Colony Corp. | 400 | 27,676 | ||||||
Post Holdings, Inc. (a) | 1,337 | 45,792 | ||||||
Ralcorp Holdings, Inc. (a)(b) | 844 | 75,665 | ||||||
Smithfield Foods, Inc. (a)(b) | 5,127 | 110,589 | ||||||
Tootsie Roll Industries, Inc. (b) | 417 | 10,809 | ||||||
543,964 | ||||||||
GAS UTILITIES — 2.9% | ||||||||
Atmos Energy Corp. | 3,714 | 130,436 | ||||||
National Fuel Gas Co. (b) | 3,435 | 174,120 | ||||||
Questar Corp. (b) | 7,254 | 143,339 | ||||||
UGI Corp. | 4,631 | 151,480 | ||||||
WGL Holdings, Inc. (b) | 2,169 | 85,003 | ||||||
684,378 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.7% | ||||||||
Hill-Rom Holdings, Inc. | 2,500 | 71,250 | ||||||
Hologic, Inc. (a)(b) | 5,173 | 103,615 | ||||||
Masimo Corp. (b) | 920 | 19,329 | ||||||
STERIS Corp. (b) | 2,378 | 82,588 | ||||||
Teleflex, Inc. (b) | 1,691 | 120,586 | ||||||
397,368 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 4.8% | ||||||||
Community Health Systems, Inc. | 3,741 | 114,998 | ||||||
Health Management Associates, Inc. (Class A) (a) | 10,538 | 98,214 | ||||||
Health Net, Inc. (a) | 3,343 | 81,235 | ||||||
Henry Schein, Inc. (a) | 1,500 | 120,690 | ||||||
LifePoint Hospitals, Inc. (a)(b) | 2,009 | 75,840 | ||||||
MEDNAX, Inc. (a)(b) | 1,000 | 79,520 | ||||||
Omnicare, Inc. (b) | 4,586 | 165,555 | ||||||
Owens & Minor, Inc. (b) | 2,609 | 74,383 | ||||||
Universal Health Services, Inc. (Class B) | 3,598 | 173,963 | ||||||
VCA Antech, Inc. (a)(b) | 3,596 | 75,696 | ||||||
WellCare Health Plans, Inc. (a) | 1,770 | 86,181 | ||||||
1,146,275 | ||||||||
HEALTH CARE TECHNOLOGY — 0.3% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 7,100 | 66,882 | ||||||
HOTELS, RESTAURANTS & LEISURE — 1.0% | ||||||||
Brinker International, Inc. | 938 | 29,069 | ||||||
International Speedway Corp. (Class A) | 1,052 | 29,056 | ||||||
Life Time Fitness, Inc. (a) | 900 | 44,289 | ||||||
Scientific Games Corp. (Class A) (a) | 2,214 | 19,195 | ||||||
The Cheesecake Factory, Inc. (b) | 861 | 28,172 | ||||||
The Wendy’s Co. (b) | 11,577 | 54,412 | ||||||
WMS Industries, Inc. (a)(b) | 2,250 | 39,375 | ||||||
243,568 | ||||||||
HOUSEHOLD DURABLES — 1.0% | ||||||||
Mohawk Industries, Inc. (a) | 862 | 77,985 | ||||||
NVR, Inc. (a)(b) | 69 | 63,480 | ||||||
Tempur-Pedic International, Inc. (a)(b) | 1,000 | 31,490 | ||||||
Tupperware Brands Corp. | 900 | 57,690 | ||||||
230,645 | ||||||||
HOUSEHOLD PRODUCTS — 1.4% | ||||||||
Church & Dwight Co., Inc. (b) | 2,500 | 133,925 | ||||||
Energizer Holdings, Inc. (b) | 2,563 | 204,989 | ||||||
338,914 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.3% | ||||||||
Carlisle Cos., Inc. | 1,116 | 65,576 | ||||||
INSURANCE — 7.3% | ||||||||
Alleghany Corp. (a)(b) | 334 | 112,030 | ||||||
American Financial Group, Inc. | 3,144 | 124,251 | ||||||
Arthur J. Gallagher & Co. | 2,433 | 84,304 | ||||||
Aspen Insurance Holdings, Ltd. | 2,929 | 93,962 | ||||||
Brown & Brown, Inc. | 2,202 | 56,063 | ||||||
Everest Re Group, Ltd. | 2,132 | 234,414 | ||||||
Fidelity National Financial, Inc. (Class A) | 3,964 | 93,352 | ||||||
HCC Insurance Holdings, Inc. | 4,152 | 154,496 | ||||||
Kemper Corp. (b) | 2,237 | 65,992 | ||||||
Mercury General Corp. (b) | 1,488 | 59,059 | ||||||
Old Republic International Corp. (b) | 9,908 | 105,520 | ||||||
Protective Life Corp. (b) | 3,288 | 93,971 |
See accompanying notes to financial statements.
145
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Reinsurance Group of America, Inc. | 3,027 | $ | 162,005 | |||||
StanCorp Financial Group, Inc. (b) | 1,811 | 66,409 | ||||||
The Hanover Insurance Group, Inc. | 1,841 | 71,320 | ||||||
W.R. Berkley Corp. (b) | 4,566 | 172,321 | ||||||
1,749,469 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.4% | ||||||||
AOL, Inc. (a)(b) | 1,945 | 57,592 | ||||||
Monster Worldwide, Inc. (a)(b) | 4,921 | 27,656 | ||||||
85,248 | ||||||||
IT SERVICES — 2.0% | ||||||||
Acxiom Corp. (a) | 1,106 | 19,311 | ||||||
Broadridge Financial Solutions, Inc. | 2,665 | 60,975 | ||||||
Convergys Corp. (b) | 4,607 | 75,601 | ||||||
DST Systems, Inc. | 1,259 | 76,295 | ||||||
Global Payments, Inc. | 1,560 | 70,668 | ||||||
Jack Henry & Associates, Inc. | 1,300 | 51,038 | ||||||
Lender Processing Services, Inc. | 1,712 | 42,150 | ||||||
ManTech International Corp. (Class A) (b) | 946 | 24,539 | ||||||
VeriFone Systems, Inc. (a)(b) | 2,300 | 68,264 | ||||||
488,841 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.8% | ||||||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 830 | 87,191 | ||||||
Covance, Inc. (a) | 900 | 51,993 | ||||||
Techne Corp. | 670 | 45,788 | ||||||
184,972 | ||||||||
MACHINERY — 5.5% | ||||||||
AGCO Corp. (a) | 4,009 | 196,922 | ||||||
CLARCOR, Inc. (b) | 1,165 | 55,663 | ||||||
Crane Co. | 1,971 | 91,218 | ||||||
Donaldson Co., Inc. | 2,200 | 72,248 | ||||||
Gardner Denver, Inc. | 2,000 | 137,000 | ||||||
Harsco Corp. | 3,310 | 77,785 | ||||||
IDEX Corp. (b) | 1,094 | 50,904 | ||||||
ITT Corp. (b) | 2,000 | 46,920 | ||||||
Kennametal, Inc. (b) | 3,287 | 131,480 | ||||||
Oshkosh Corp. (a) | 3,765 | 111,632 | ||||||
SPX Corp. | 2,065 | 144,860 | ||||||
Trinity Industries, Inc. (b) | 3,246 | 116,272 | ||||||
Woodward, Inc. (b) | 2,500 | 95,325 | ||||||
1,328,229 | ||||||||
MARINE — 0.4% | ||||||||
Kirby Corp. (a)(b) | 1,038 | 64,242 | ||||||
Matson, Inc. | 1,741 | 43,037 | ||||||
107,279 | ||||||||
MEDIA — 1.2% | ||||||||
DreamWorks Animation SKG, Inc. (Class A) (a)(b) | 2,929 | 48,533 | ||||||
John Wiley & Sons, Inc. (Class A) (b) | 1,947 | 75,797 | ||||||
Meredith Corp. (b) | 1,491 | 51,365 | ||||||
Scholastic Corp. (b) | 1,071 | 31,659 | ||||||
The New York Times Co. (Class A) (a) | 4,999 | 42,641 | ||||||
Valassis Communications, Inc. (b) | 1,642 | 42,331 | ||||||
292,326 | ||||||||
METALS & MINING — 2.0% | ||||||||
Carpenter Technology Corp. | 547 | 28,242 | ||||||
Commercial Metals Co. (b) | 4,785 | 71,105 | ||||||
Compass Minerals International, Inc. (b) | 760 | 56,780 | ||||||
Reliance Steel & Aluminum Co. | 3,100 | 192,510 | ||||||
Steel Dynamics, Inc. (b) | 9,017 | 123,803 | ||||||
472,440 | ||||||||
MULTI-UTILITIES — 2.2% | ||||||||
Alliant Energy Corp. | 4,567 | 200,537 | ||||||
Black Hills Corp. | 1,813 | 65,885 | ||||||
MDU Resources Group, Inc. | 7,761 | 164,844 | ||||||
Vectren Corp. (b) | 3,371 | 99,107 | ||||||
530,373 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Saks, Inc. (a)(b) | 4,206 | 44,205 | ||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Zebra Technologies Corp. (Class A) (a) | 900 | 35,352 | ||||||
OIL, GAS & CONSUMABLE FUELS — 3.3% | ||||||||
Alpha Natural Resources, Inc. (a)(b) | 9,107 | 88,702 | ||||||
Arch Coal, Inc. | 8,770 | 64,196 | ||||||
Bill Barrett Corp. (a)(b) | 2,000 | 35,580 | ||||||
Cimarex Energy Co. | 2,000 | 115,460 | ||||||
Energen Corp. | 2,982 | 134,458 | ||||||
Forest Oil Corp. (a)(b) | 2,408 | 16,110 | ||||||
Plains Exploration & Production Co. (a) | 2,150 | 100,921 | ||||||
Quicksilver Resources, Inc. (a)(b) | 2,570 | 7,350 | ||||||
Rosetta Resources, Inc. (a) | 900 | 40,824 | ||||||
SM Energy Co. | 1,150 | 60,042 | ||||||
World Fuel Services Corp. (b) | 2,959 | 121,822 | ||||||
785,465 | ||||||||
PAPER & FOREST PRODUCTS — 0.5% | ||||||||
Domtar Corp. | 1,450 | 121,104 | ||||||
PHARMACEUTICALS — 0.2% | ||||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 2,200 | 57,794 | ||||||
PROFESSIONAL SERVICES — 1.5% | ||||||||
FTI Consulting, Inc. (a) | 1,700 | 56,100 | ||||||
Manpower, Inc. (b) | 3,255 | 138,142 | ||||||
The Corporate Executive Board Co. (b) | 602 | 28,571 | ||||||
Towers Watson & Co. (Class A) (b) | 2,348 | 131,981 | ||||||
354,794 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 11.4% | ||||||||
Alexandria Real Estate Equities, Inc. | 2,621 | 181,688 | ||||||
American Campus Communities, Inc. (b) | 2,226 | 102,685 | ||||||
BioMed Realty Trust, Inc. (b) | 6,348 | 122,707 | ||||||
BRE Properties, Inc. (b) | 1,834 | 93,222 | ||||||
Camden Property Trust (b) | 1,730 | 118,003 | ||||||
Corporate Office Properties Trust (b) | 1,972 | 49,261 | ||||||
Duke Realty Corp. (b) | 6,215 | 86,202 | ||||||
Equity One, Inc. | 1,419 | 29,813 | ||||||
Essex Property Trust, Inc. (b) | 770 | 112,920 | ||||||
Federal Realty Investment Trust | 1,140 | 118,583 | ||||||
Highwoods Properties, Inc. (b) | 1,293 | 43,251 | ||||||
Home Properties, Inc. | 1,160 | 71,120 | ||||||
Hospitality Properties Trust | 5,077 | 118,903 | ||||||
Liberty Property Trust | 4,896 | 175,130 | ||||||
Mack-Cali Realty Corp. | 3,426 | 89,453 |
See accompanying notes to financial statements.
146
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
National Retail Properties, Inc. | 2,415 | $ | 75,348 | |||||
Potlatch Corp. | 703 | 27,551 | ||||||
Rayonier, Inc. (b) | 1,964 | 101,794 | ||||||
Realty Income Corp. (b) | 2,338 | 94,011 | ||||||
Regency Centers Corp. | 1,660 | 78,219 | ||||||
Senior Housing Properties Trust (b) | 3,589 | 84,844 | ||||||
SL Green Realty Corp. | 3,716 | 284,831 | ||||||
Taubman Centers, Inc. | 1,040 | 81,869 | ||||||
The Macerich Co. (b) | 3,233 | 188,484 | ||||||
UDR, Inc. | 6,028 | 143,346 | ||||||
Weingarten Realty Investors (b) | 2,390 | 63,980 | ||||||
2,737,218 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2% | ||||||||
Alexander & Baldwin, Inc. (a) | 1,723 | 50,605 | ||||||
ROAD & RAIL — 1.4% | ||||||||
Con-way, Inc. (b) | 2,298 | 63,930 | ||||||
Genesee & Wyoming, Inc. (Class A) (a) | 700 | 53,256 | ||||||
Kansas City Southern (b) | 1,785 | 149,012 | ||||||
Landstar System, Inc. | 712 | 37,352 | ||||||
Werner Enterprises, Inc. (b) | 1,821 | 39,461 | ||||||
343,011 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.3% | ||||||||
Cypress Semiconductor Corp. (a) | 2,862 | 31,024 | ||||||
Fairchild Semiconductor International, Inc. (a)(b) | 5,186 | 74,678 | ||||||
Integrated Device Technology, Inc. (a) | 2,815 | 20,550 | ||||||
International Rectifier Corp. (a)(b) | 2,844 | 50,424 | ||||||
Intersil Corp. (Class A) | 5,232 | 43,373 | ||||||
MEMC Electronic Materials, Inc. (a)(b) | 9,475 | 30,415 | ||||||
RF Micro Devices, Inc. (a)(b) | 6,368 | 28,529 | ||||||
Silicon Laboratories, Inc. (a) | 700 | 29,267 | ||||||
308,260 | ||||||||
SOFTWARE — 3.1% | ||||||||
Advent Software, Inc. (a) | 700 | 14,966 | ||||||
Ansys, Inc. (a) | 1,400 | 94,276 | ||||||
Compuware Corp. (a) | 8,861 | 96,319 | ||||||
Factset Research Systems, Inc. (b) | 700 | 61,642 | ||||||
Informatica Corp. (a) | 4,400 | 133,408 | ||||||
MICROS Systems, Inc. (a)(b) | 1,700 | 72,148 | ||||||
Parametric Technology Corp. (a) | 2,572 | 57,896 | ||||||
Rovi Corp. (a) | 4,300 | 66,349 | ||||||
Solera Holdings, Inc. (b) | 1,050 | 56,143 | ||||||
Synopsys, Inc. (a) | 2,902 | 92,400 | ||||||
745,547 | ||||||||
SPECIALTY RETAIL — 2.1% | ||||||||
Aaron’s, Inc. | 2,859 | 80,852 | ||||||
Advance Auto Parts, Inc. | 1,450 | 104,907 | ||||||
Aeropostale, Inc. (a)(b) | 3,266 | 42,491 | ||||||
Barnes & Noble, Inc. (a)(b) | 1,573 | 23,737 | ||||||
Guess?, Inc. (b) | 2,520 | 61,841 | ||||||
Office Depot, Inc. (a)(b) | 5,521 | 18,109 | ||||||
Rent-A-Center, Inc. (b) | 2,426 | 83,357 | ||||||
Signet Jewelers, Ltd. (b) | 1,764 | 94,198 | ||||||
509,492 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.2% | ||||||||
Deckers Outdoor Corp. (a) | 1,450 | 58,392 | ||||||
THRIFTS & MORTGAGE FINANCE — 1.1% | ||||||||
Astoria Financial Corp. (b) | 3,350 | 31,356 | ||||||
New York Community Bancorp, Inc. (b) | 18,081 | 236,861 | ||||||
268,217 | ||||||||
TOBACCO — 0.2% | ||||||||
Universal Corp. (b) | 954 | 47,614 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.7% | ||||||||
GATX Corp. | 1,903 | 82,400 | ||||||
United Rentals, Inc. (a)(b) | 1,224 | 55,716 | ||||||
Watsco, Inc. | 500 | 37,450 | ||||||
175,566 | ||||||||
WATER UTILITIES — 0.3% | ||||||||
Aqua America, Inc. (b) | 2,641 | 67,134 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.4% | ||||||||
Telephone & Data Systems, Inc. | 4,150 | 91,881 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $23,056,081) | 23,794,361 | |||||||
SHORT TERM INVESTMENTS — 18.5% | ||||||||
MONEY MARKET FUNDS — 18.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 4,003,347 | 4,003,347 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 441,912 | 441,912 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $4,445,259) | 4,445,259 | |||||||
TOTAL INVESTMENTS — 117.7% (f) | ||||||||
(Cost $27,501,340) | 28,239,620 | |||||||
OTHER ASSETS & LIABILITIES — (17.7)% | (4,242,884 | ) | ||||||
NET ASSETS — 100.0% | $ | 23,996,736 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
147
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AEROSPACE & DEFENSE — 2.0% | ||||||||
AAR Corp. | 17,729 | $ | 331,178 | |||||
Aerovironment, Inc. (a) | 8,455 | 183,812 | ||||||
American Science & Engineering, Inc. | 3,644 | 237,625 | ||||||
Cubic Corp. | 7,118 | 341,450 | ||||||
Curtiss-Wright Corp. | 20,855 | 684,670 | ||||||
Engility Holdings, Inc. (a)(b) | 7,173 | 138,152 | ||||||
GenCorp, Inc. (a)(b) | 26,827 | 245,467 | ||||||
Moog, Inc. (Class A) (a) | 20,118 | 825,441 | ||||||
National Presto Industries, Inc. (b) | 2,134 | 147,459 | ||||||
Orbital Sciences Corp. (a) | 26,254 | 361,518 | ||||||
Teledyne Technologies, Inc. (a) | 16,352 | 1,064,025 | ||||||
4,560,797 | ||||||||
AIR FREIGHT & LOGISTICS — 0.4% | ||||||||
Forward Air Corp. | 12,865 | 450,404 | ||||||
HUB Group, Inc. (Class A) (a) | 15,780 | 530,208 | ||||||
980,612 | ||||||||
AIRLINES — 0.3% | ||||||||
Allegiant Travel Co. (b) | 6,777 | 497,499 | ||||||
SkyWest, Inc. (b) | 22,584 | 281,397 | ||||||
778,896 | ||||||||
AUTO COMPONENTS — 0.3% | ||||||||
Drew Industries, Inc. | 8,378 | 270,191 | ||||||
Spartan Motors, Inc. | 13,586 | 66,979 | ||||||
Standard Motor Products, Inc. | �� | 8,636 | 191,892 | |||||
Superior Industries International, Inc. | 10,283 | 209,773 | ||||||
738,835 | ||||||||
AUTOMOBILES — 0.1% | ||||||||
Winnebago Industries, Inc. (a)(b) | 12,580 | 215,495 | ||||||
BEVERAGES — 0.2% | ||||||||
Boston Beer Co., Inc. (Class A) (a)(b) | 3,742 | 503,112 | ||||||
BIOTECHNOLOGY — 1.0% | ||||||||
Acorda Therapeutics, Inc. (a) | 17,872 | 444,298 | ||||||
ArQule, Inc. (a) | 25,674 | 71,630 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 28,458 | 1,196,944 | ||||||
Emergent Biosolutions, Inc. (a) | 11,272 | 180,803 | ||||||
Momenta Pharmaceuticals, Inc. (a)(b) | 20,312 | 239,275 | ||||||
Spectrum Pharmaceuticals, Inc. (b) | 23,213 | 259,754 | ||||||
2,392,704 | ||||||||
BUILDING PRODUCTS — 1.5% | ||||||||
A.O. Smith Corp. | 17,203 | 1,084,993 | ||||||
AAON, Inc. (b) | 8,322 | 173,680 | ||||||
Apogee Enterprises, Inc. | 12,478 | 299,098 | ||||||
Gibraltar Industries, Inc. (a) | 12,877 | 205,002 | ||||||
Griffon Corp. | 20,427 | 234,093 | ||||||
NCI Building Systems, Inc. (a) | 8,374 | 116,398 | ||||||
Quanex Building Products Corp. (b) | 16,319 | 333,071 | ||||||
Simpson Manufacturing Co., Inc. | 17,792 | 583,400 | ||||||
Universal Forest Products, Inc. | 8,695 | 330,758 | ||||||
3,360,493 | ||||||||
CAPITAL MARKETS — 1.4% | ||||||||
Calamos Asset Management, Inc. (Class A) | 9,040 | 95,553 | ||||||
Financial Engines, Inc. (a)(b) | 18,124 | 502,941 | ||||||
HFF, Inc. (Class A) (b) | 14,464 | 215,514 | ||||||
Investment Technology Group, Inc. (a) | 16,727 | 150,543 | ||||||
Piper Jaffray Co., Inc. (a) | 7,293 | 234,324 | ||||||
Prospect Capital Corp. | 81,433 | 885,177 | ||||||
Stifel Financial Corp. (a) | 22,156 | 708,327 | ||||||
SWS Group, Inc. (a) | 12,926 | 68,379 | ||||||
Virtus Investment Partners, Inc. (a) | 2,543 | 307,550 | ||||||
3,168,308 | ||||||||
CHEMICALS — 2.7% | ||||||||
A. Schulman, Inc. | 13,095 | 378,838 | ||||||
American Vanguard Corp. | 10,546 | 327,664 | ||||||
Balchem Corp. | 12,987 | 472,727 | ||||||
Calgon Carbon Corp. (a)(b) | 25,219 | 357,605 | ||||||
H.B. Fuller Co. | 22,166 | 771,820 | ||||||
Hawkins, Inc. (b) | 4,052 | 156,569 | ||||||
Innophos Holdings, Inc. | 9,621 | 447,377 | ||||||
Koppers Holdings, Inc. | 9,155 | 349,263 | ||||||
Kraton Performance Polymers, Inc. (a) | 14,425 | 346,633 | ||||||
LSB Industries, Inc. (a) | 8,305 | 294,163 | ||||||
OM Group, Inc. (a) | 14,330 | 318,126 | ||||||
PolyOne Corp. | 39,424 | 805,038 | ||||||
Quaker Chemical Corp. | 5,745 | 309,426 | ||||||
Stepan Co. | 7,368 | 409,219 | ||||||
Tredegar Corp. | 10,743 | 219,372 | ||||||
Zep, Inc. | 9,767 | 141,036 | ||||||
6,104,876 | ||||||||
COMMERCIAL BANKS — 6.1% | ||||||||
Bank of the Ozarks, Inc. (b) | 13,144 | 439,930 | ||||||
Banner Corp. | 7,654 | 235,207 | ||||||
BBCN Bancorp, Inc. | 34,691 | 401,375 | ||||||
Boston Private Financial Holdings, Inc. | 34,750 | 313,097 | ||||||
City Holding Co. (b) | 6,616 | 230,568 | ||||||
Columbia Banking System, Inc. | 17,541 | 314,686 | ||||||
Community Bank System, Inc. (b) | 17,440 | 477,158 | ||||||
CVB Financial Corp. | 39,239 | 408,086 | ||||||
F.N.B. Corp. (b) | 61,980 | 658,228 | ||||||
First BanCorp- Puerto Rico (a)(b) | 31,261 | 143,175 | ||||||
First Commonwealth Financial Corp. (b) | 45,419 | 309,758 | ||||||
First Financial Bancorp | 25,880 | 378,366 | ||||||
First Financial Bankshares, Inc. (b) | 13,341 | 520,432 | ||||||
First Midwest Bancorp, Inc. | 33,262 | 416,440 | ||||||
Glacier Bancorp, Inc. (b) | 31,994 | 470,632 | ||||||
Hanmi Financial Corp. (a) | 13,908 | 189,010 | ||||||
Home Bancshares, Inc. | 10,176 | 336,011 | ||||||
Independent Bank Corp.-Massachusetts (b) | 10,059 | 291,208 | ||||||
National Penn Bancshares, Inc. | 53,763 | 501,071 | ||||||
NBT Bancorp, Inc. | 15,051 | 305,084 | ||||||
Old National Bancorp | 44,865 | 532,548 | ||||||
PacWest Bancorp | 14,375 | 356,212 | ||||||
Pinnacle Financial Partners, Inc. (a) | 14,479 | 272,784 | ||||||
PrivateBancorp, Inc. | 27,727 | 424,778 | ||||||
S&T Bancorp, Inc. | 12,849 | 232,181 | ||||||
Simmons First National Corp. (b) | 7,367 | 186,827 | ||||||
Sterling Bancorp | 13,762 | 125,372 | ||||||
Susquehanna Bancshares, Inc. | 83,082 | 870,699 | ||||||
Texas Capital Bancshares, Inc. (a) | 17,872 | 801,023 |
See accompanying notes to financial statements.
148
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Tompkins Financial Corp. | 5,134 | $ | 203,512 | |||||
UMB Financial Corp. (b) | 14,434 | 632,787 | ||||||
Umpqua Holdings Corp. | 49,728 | 586,293 | ||||||
United Bankshares, Inc. (b) | 20,325 | 494,304 | ||||||
United Community Banks, Inc. (a) | 20,527 | 193,364 | ||||||
Wilshire Bancorp, Inc. (a) | 27,638 | 162,235 | ||||||
Wintrust Financial Corp. (b) | 16,120 | 591,604 | ||||||
14,006,045 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.4% | ||||||||
ABM Industries, Inc. | 22,516 | 449,194 | ||||||
Consolidated Graphics, Inc. (a) | 3,596 | 125,572 | ||||||
G & K Services, Inc. (Class A) | 8,429 | 287,850 | ||||||
Healthcare Services Group, Inc. | 30,032 | 697,643 | ||||||
Interface, Inc. | 25,391 | 408,287 | ||||||
Mobile Mini, Inc. (a)(b) | 16,876 | 351,527 | ||||||
Sykes Enterprises, Inc. (a) | 17,265 | 262,773 | ||||||
Tetra Tech, Inc. (a) | 28,426 | 751,868 | ||||||
The Geo Group, Inc. | 32,538 | 917,572 | ||||||
UniFirst Corp. | 6,662 | 488,458 | ||||||
United Stationers, Inc. | 17,861 | 553,513 | ||||||
Viad Corp. | 8,968 | 243,571 | ||||||
5,537,828 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.7% | ||||||||
Arris Group, Inc. (a) | 50,443 | 753,618 | ||||||
Bel Fuse, Inc. (Class B) | 4,541 | 88,777 | ||||||
Black Box Corp. | 7,356 | 179,045 | ||||||
Comtech Telecommunications Corp. | 7,732 | 196,238 | ||||||
Digi International, Inc. (a) | 11,335 | 107,343 | ||||||
Harmonic, Inc. (a) | 51,249 | 259,832 | ||||||
Ixia (a) | 23,470 | 398,521 | ||||||
Netgear, Inc. (a) | 16,870 | 665,015 | ||||||
Oplink Communications, Inc. (a) | 8,458 | 131,776 | ||||||
PC-Tel, Inc. | 7,916 | 56,995 | ||||||
Procera Networks, Inc. (a) | 8,600 | 159,530 | ||||||
Symmetricom, Inc. (a) | 17,980 | 103,745 | ||||||
ViaSat, Inc. (a)(b) | 17,696 | 688,374 | ||||||
3,788,809 | ||||||||
COMPUTERS & PERIPHERALS — 1.1% | ||||||||
3D Systems Corp. (a)(b) | 21,743 | 1,159,989 | ||||||
Avid Technology, Inc. (a) | 13,046 | 98,889 | ||||||
Electronics for Imaging, Inc. (a) | 20,680 | 392,713 | ||||||
Intermec, Inc. (a) | 24,943 | 245,938 | ||||||
Intevac, Inc. (a) | 10,406 | 47,555 | ||||||
Super Micro Computer, Inc. (a)(b) | 11,657 | 118,901 | ||||||
Synaptics, Inc. (a) | 14,616 | 438,042 | ||||||
2,502,027 | ||||||||
CONSTRUCTION & ENGINEERING — 0.9% | ||||||||
Aegion Corp. (a)(b) | 17,403 | 386,173 | ||||||
Comfort Systems USA, Inc. | 16,663 | 202,622 | ||||||
Dycom Industries, Inc. (a) | 14,389 | 284,902 | ||||||
EMCOR Group, Inc. | 29,555 | 1,022,899 | ||||||
Orion Marine Group, Inc. (a) | 11,994 | 87,676 | ||||||
1,984,272 | ||||||||
CONSTRUCTION MATERIALS — 0.8% | ||||||||
Eagle Materials, Inc. | 20,652 | 1,208,142 | ||||||
Headwaters, Inc. (a) | 31,616 | 270,633 | ||||||
Texas Industries, Inc. (a)(b) | 9,232 | 470,924 | ||||||
1,949,699 | ||||||||
CONSUMER FINANCE — 1.3% | ||||||||
Cash America International, Inc. | 12,871 | 510,593 | ||||||
Encore Capital Group, Inc. (a) | 10,318 | 315,937 | ||||||
Ezcorp, Inc. (Class A) (a) | 20,128 | 399,742 | ||||||
First Cash Financial Services, Inc. (a) | 11,702 | 580,653 | ||||||
Portfolio Recovery Associates, Inc. (a) | 7,491 | 800,488 | ||||||
World Acceptance Corp. (a)(b) | 5,721 | 426,558 | ||||||
3,033,971 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Myers Industries, Inc. | 13,790 | 208,919 | ||||||
DISTRIBUTORS — 0.4% | ||||||||
Pool Corp. | 20,793 | 879,960 | ||||||
VOXX International Corp. (a) | 8,324 | 56,020 | ||||||
935,980 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 1.0% | ||||||||
American Public Education, Inc. (a)(b) | 7,939 | 286,677 | ||||||
Capella Education Co. (a) | 5,001 | 141,178 | ||||||
Career Education Corp. (a) | 22,330 | 78,602 | ||||||
Coinstar, Inc. (a)(b) | 13,427 | 698,338 | ||||||
Corinthian Colleges, Inc. (a)(b) | 34,582 | 84,380 | ||||||
Hillenbrand, Inc. | 27,722 | 626,795 | ||||||
ITT Educational Services, Inc. (a) | 6,900 | 119,439 | ||||||
Lincoln Educational Services Corp. (b) | 9,868 | 55,162 | ||||||
Universal Technical Institute, Inc. | 9,554 | 95,922 | ||||||
2,186,493 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.4% | ||||||||
Interactive Brokers Group, Inc. (Class A) | 18,181 | 248,716 | ||||||
MarketAxess Holdings, Inc. | 16,588 | 585,556 | ||||||
834,272 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.4% | ||||||||
Atlantic Tele-Network, Inc. | 4,156 | 152,567 | ||||||
Cbeyond, Inc. (a) | 13,442 | 121,516 | ||||||
Cincinnati Bell, Inc. (a)(b) | 87,337 | 478,607 | ||||||
General Communication, Inc. (Class A) (a) | 14,532 | 139,362 | ||||||
Lumos Networks Corp. | 6,527 | 65,400 | ||||||
Neutral Tandem, Inc. | 13,874 | 35,656 | ||||||
993,108 | ||||||||
ELECTRIC UTILITIES — 1.2% | ||||||||
ALLETE, Inc. | 15,386 | 630,518 | ||||||
El Paso Electric Co. | 17,821 | 568,668 | ||||||
UIL Holdings Corp. | 22,398 | 802,073 | ||||||
UNS Energy Corp. | 18,390 | 780,104 | ||||||
2,781,363 | ||||||||
ELECTRICAL EQUIPMENT — 1.8% | ||||||||
AZZ, Inc. | 11,213 | 430,916 | ||||||
Belden, Inc. | 19,568 | 880,364 | ||||||
Brady Corp. (Class A) | 20,405 | 681,527 | ||||||
Encore Wire Corp. | 8,299 | 251,543 | ||||||
EnerSys (a) | 21,338 | 802,949 | ||||||
Franklin Electric Co., Inc. | 8,565 | 532,486 |
See accompanying notes to financial statements.
149
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
II-VI, Inc. (a) | 24,297 | $ | 443,906 | |||||
Powell Industries, Inc. (a) | 4,002 | 166,203 | ||||||
Vicor Corp. (a) | 8,686 | 47,078 | ||||||
4,236,972 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.2% | ||||||||
Agilysys, Inc. (a) | 6,127 | 51,283 | ||||||
Anixter International, Inc. | 11,877 | 759,891 | ||||||
Badger Meter, Inc. | 6,308 | 299,062 | ||||||
Benchmark Electronics, Inc. (a) | 24,585 | 408,603 | ||||||
Checkpoint Systems, Inc. (a) | 17,807 | 191,247 | ||||||
Cognex Corp. | 17,744 | 653,334 | ||||||
Coherent, Inc. | 10,496 | 531,308 | ||||||
CTS Corp. | 14,925 | 158,653 | ||||||
Daktronics, Inc. | 16,404 | 181,592 | ||||||
DTS, Inc. (a) | 8,359 | 139,595 | ||||||
Electro Scientific Industries, Inc. | 10,743 | 106,893 | ||||||
FARO Technologies, Inc. (a) | 7,497 | 267,493 | ||||||
FEI Co. | 16,941 | 939,548 | ||||||
Insight Enterprises, Inc. (a) | 19,561 | 339,775 | ||||||
Littelfuse, Inc. | 9,724 | 600,068 | ||||||
Measurement Specialties, Inc. (a) | 6,807 | 233,889 | ||||||
Mercury Computer Systems, Inc. (a) | 13,633 | 125,424 | ||||||
Methode Electronics, Inc. (Class A) | 15,661 | 157,080 | ||||||
MTS Systems Corp. | 6,927 | 352,792 | ||||||
Newport Corp. (a) | 16,901 | 227,318 | ||||||
OSI Systems, Inc. (a) | 8,279 | 530,187 | ||||||
Park Electrochemical Corp. | 8,621 | 221,818 | ||||||
Plexus Corp. (a) | 15,463 | 398,945 | ||||||
RadiSys Corp. (a) | 10,100 | 30,098 | ||||||
Rofin-Sinar Technologies, Inc. (a)(b) | 12,438 | 269,656 | ||||||
Rogers Corp. (a) | 7,290 | 362,021 | ||||||
Scansource, Inc. (a) | 12,182 | 387,022 | ||||||
SYNNEX Corp. (a)(b) | 11,766 | 404,515 | ||||||
TTM Technologies, Inc. (a) | 23,359 | 214,903 | ||||||
9,544,013 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.3% | ||||||||
Basic Energy Services, Inc. (a) | 12,291 | 140,240 | ||||||
Bristow Group, Inc. | 15,908 | 853,623 | ||||||
Exterran Holdings, Inc. (a)(b) | 28,795 | 631,186 | ||||||
Geospace Technologies Corp. (a) | 5,626 | 499,983 | ||||||
Gulf Island Fabrication, Inc. | 6,433 | 154,585 | ||||||
Hornbeck Offshore Services, Inc. (a) | 14,221 | 488,349 | ||||||
ION Geophysical Corp. (a)(b) | 53,447 | 347,940 | ||||||
Lufkin Industries, Inc. (b) | 14,892 | 865,672 | ||||||
Matrix Service Co. (a) | 11,322 | 130,203 | ||||||
Pioneer Energy Services Corp. (a) | 27,273 | 198,002 | ||||||
SEACOR Holdings, Inc. | 8,776 | 735,429 | ||||||
Tetra Technologies, Inc. (a) | 34,520 | 262,007 | ||||||
5,307,219 | ||||||||
FOOD & STAPLES RETAILING — 0.6% | ||||||||
Casey’s General Stores, Inc. | 16,992 | 902,275 | ||||||
Nash Finch Co. | 5,382 | 114,529 | ||||||
Spartan Stores, Inc. | 9,584 | 147,211 | ||||||
The Andersons, Inc. (b) | 7,668 | 328,957 | ||||||
1,492,972 | ||||||||
FOOD PRODUCTS — 2.4% | ||||||||
B&G Foods, Inc. | 23,138 | 655,037 | ||||||
Cal-Maine Foods, Inc. | 6,138 | 246,870 | ||||||
Calavo Growers, Inc. (b) | 5,591 | 140,949 | ||||||
Darling International, Inc. (a) | 52,405 | 840,576 | ||||||
Diamond Foods, Inc. (b) | 9,780 | 133,693 | ||||||
Hain Celestial Group, Inc. (a)(b) | 19,932 | 1,080,713 | ||||||
J&J Snack Foods Corp. | 6,602 | 422,132 | ||||||
Sanderson Farms, Inc. | 8,912 | 423,766 | ||||||
Seneca Foods Corp. (a) | 3,494 | 106,218 | ||||||
Snyders-Lance, Inc. | 21,417 | 516,364 | ||||||
TreeHouse Foods, Inc. (a)(b) | 16,058 | 837,103 | ||||||
5,403,421 | ||||||||
GAS UTILITIES — 1.8% | ||||||||
New Jersey Resources Corp. (b) | 18,478 | 732,098 | ||||||
Northwest Natural Gas Co. | 11,874 | 524,831 | ||||||
Piedmont Natural Gas Co., Inc. | 31,988 | 1,001,544 | ||||||
South Jersey Industries, Inc. | 13,733 | 691,182 | ||||||
Southwest Gas Corp. | 20,460 | 867,709 | ||||||
The Laclede Group, Inc. (b) | 9,368 | 361,698 | ||||||
4,179,062 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 3.5% | ||||||||
Abaxis, Inc. (b) | 9,149 | 339,428 | ||||||
ABIOMED, Inc. (a) | 15,926 | 214,364 | ||||||
Align Technology, Inc. (a)(b) | 31,898 | 885,169 | ||||||
Analogic Corp. | 5,412 | 402,112 | ||||||
Cantel Medical Corp. | 9,509 | 282,703 | ||||||
CONMED Corp. | 12,503 | 349,459 | ||||||
CryoLife, Inc. | 11,102 | 69,165 | ||||||
Cyberonics, Inc. (a) | 10,568 | 555,137 | ||||||
Greatbatch, Inc. (a)(b) | 10,395 | 241,580 | ||||||
Haemonetics Corp. (a) | 22,906 | 935,481 | ||||||
HealthStream, Inc. (a) | 8,688 | 211,205 | ||||||
ICU Medical, Inc. (a)(b) | 5,588 | 340,477 | ||||||
Integra LifeSciences Holdings Corp. (a) | 8,670 | 337,870 | ||||||
Invacare Corp. | 12,925 | 210,678 | ||||||
Meridian Bioscience, Inc. (b) | 18,432 | 373,248 | ||||||
Merit Medical Systems, Inc. (a) | 17,608 | 244,751 | ||||||
Natus Medical, Inc. (a) | 13,023 | 145,597 | ||||||
Neogen Corp. (a) | 9,896 | 448,487 | ||||||
NuVasive, Inc. (a) | 19,369 | 299,445 | ||||||
Palomar Medical Technologies, Inc. (a) | 7,933 | 73,063 | ||||||
SurModics, Inc. (a) | 5,429 | 121,392 | ||||||
Symmetry Medical, Inc. (a) | 15,987 | 168,183 | ||||||
West Pharmaceutical Services, Inc. (b) | 15,142 | 829,024 | ||||||
8,078,018 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.4% | ||||||||
Air Methods Corp. (b) | 15,327 | 565,413 | ||||||
Almost Family, Inc. | 3,641 | 73,767 | ||||||
Amedisys, Inc. (a) | 13,702 | 154,421 | ||||||
AMN Healthcare Services, Inc. (a) | 19,765 | 228,286 | ||||||
AmSurg Corp. (a) | 14,029 | 421,010 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 10,769 | 308,963 | ||||||
Centene Corp. (a) | 22,953 | 941,073 | ||||||
Chemed Corp. (b) | 8,540 | 585,759 |
See accompanying notes to financial statements.
150
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Corvel Corp. (a) | 2,703 | $ | 121,175 | |||||
Cross Country Healthcare, Inc. (a) | 13,839 | 66,427 | ||||||
Gentiva Health Services, Inc. (a) | 12,669 | 127,323 | ||||||
Hanger, Inc. (a) | 15,188 | 415,544 | ||||||
Healthways, Inc. (a)(b) | 14,723 | 157,536 | ||||||
IPC The Hospitalist Co. (a) | 7,324 | 290,836 | ||||||
Kindred Healthcare, Inc. (a) | 23,487 | 254,129 | ||||||
Landauer, Inc. | 4,201 | 257,143 | ||||||
LHC Group, Inc. (a) | 6,486 | 138,152 | ||||||
Magellan Health Services, Inc. (a) | 12,197 | 597,653 | ||||||
Molina Healthcare, Inc. (a) | 13,293 | 359,709 | ||||||
MWI Veterinary Supply, Inc. (a) | 5,298 | 582,780 | ||||||
PharMerica Corp. (a) | 13,074 | 186,174 | ||||||
PSS World Medical, Inc. (a) | 22,285 | 643,591 | ||||||
The Ensign Group, Inc. | 7,777 | 211,457 | ||||||
7,688,321 | ||||||||
HEALTH CARE TECHNOLOGY — 0.4% | ||||||||
Computer Programs and Systems, Inc. | 4,642 | 233,678 | ||||||
Medidata Solutions, Inc. (a) | 9,878 | 387,119 | ||||||
Omnicell, Inc. (a) | 14,712 | 218,768 | ||||||
839,565 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.0% | ||||||||
Biglari Holdings, Inc. (a) | 538 | 209,831 | ||||||
BJ’s Restaurants, Inc. (a)(b) | 10,928 | 359,531 | ||||||
Boyd Gaming Corp. (a)(b) | 25,074 | 166,491 | ||||||
Buffalo Wild Wings, Inc. (a)(b) | 8,242 | 600,182 | ||||||
CEC Entertainment, Inc. | 7,531 | 249,954 | ||||||
Cracker Barrel Old Country Store, Inc. | 10,534 | 676,915 | ||||||
DineEquity, Inc. (a) | 6,862 | 459,754 | ||||||
Interval Leisure Group, Inc. (b) | 17,105 | 331,666 | ||||||
Jack in the Box, Inc. (a) | 18,997 | 543,314 | ||||||
Marcus Corp. | 8,868 | 110,584 | ||||||
Marriott Vacations Worldwide Corp. (a) | 12,745 | 531,084 | ||||||
Monarch Casino & Resort, Inc. (a) | 4,195 | 45,768 | ||||||
Multimedia Games Holding Co., Inc. (a) | 12,181 | 179,183 | ||||||
Papa John’s International, Inc. (a) | 7,645 | 420,016 | ||||||
Pinnacle Entertainment, Inc. (a) | 26,096 | 413,100 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 5,772 | 203,694 | ||||||
Ruby Tuesday, Inc. (a)(b) | 26,824 | 210,837 | ||||||
Ruth’s Hospitality Group, Inc. (a) | 15,582 | 113,281 | ||||||
SHFL Entertainment, Inc. (a) | 24,778 | 359,281 | ||||||
Sonic Corp. (a) | 24,314 | 253,109 | ||||||
Texas Roadhouse, Inc. (Class A) | 26,003 | 436,850 | ||||||
6,874,425 | ||||||||
HOUSEHOLD DURABLES — 1.6% | ||||||||
American Greetings Corp. (Class A) (b) | 14,058 | 237,440 | ||||||
Blyth, Inc. (b) | 5,092 | 79,181 | ||||||
Ethan Allen Interiors, Inc. | 11,512 | 295,974 | ||||||
Helen of Troy, Ltd. (a) | 14,061 | 469,497 | ||||||
iRobot Corp. (a) | 11,563 | 216,691 | ||||||
La-Z-Boy, Inc. | 23,328 | 330,091 | ||||||
M/I Homes, Inc. (a) | 9,299 | 246,423 | ||||||
Meritage Homes Corp. (a) | 13,731 | 512,853 | ||||||
Standard Pacific Corp. (a)(b) | 49,257 | 362,039 | ||||||
The Ryland Group, Inc. | 19,945 | 727,992 | ||||||
Universal Electronics, Inc. (a) | 6,507 | 125,910 | ||||||
3,604,091 | ||||||||
HOUSEHOLD PRODUCTS — 0.2% | ||||||||
Central Garden & Pet Co. (Class A) (a) | 18,276 | 190,984 | ||||||
WD-40 Co. | 6,525 | 307,393 | ||||||
498,377 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.1% | ||||||||
Standex International Corp. | 5,636 | 289,070 | ||||||
INSURANCE — 2.2% | ||||||||
AMERISAFE, Inc. (a) | 8,099 | 220,698 | ||||||
eHealth, Inc. (a) | 8,814 | 242,209 | ||||||
Employers Holdings, Inc. | 13,656 | 281,040 | ||||||
Horace Mann Educators Corp. | 17,428 | 347,863 | ||||||
Infinity Property & Casualty Corp. | 5,128 | 298,655 | ||||||
Meadowbrook Insurance Group, Inc. | 20,871 | 120,634 | ||||||
National Financial Partners Corp. (a)(b) | 17,635 | 302,264 | ||||||
ProAssurance Corp. | 27,336 | 1,153,306 | ||||||
RLI Corp. | 7,504 | 485,209 | ||||||
Safety Insurance Group, Inc. | 5,625 | 259,706 | ||||||
Selective Insurance Group, Inc. | 24,401 | 470,207 | ||||||
Stewart Information Services Corp. (b) | 7,909 | 205,634 | ||||||
The Navigators Group, Inc. (a) | 4,628 | 236,352 | ||||||
Tower Group, Inc. | 15,444 | 274,440 | ||||||
United Fire Group, Inc. | 9,773 | 213,442 | ||||||
5,111,659 | ||||||||
INTERNET & CATALOG RETAIL — 0.2% | ||||||||
Blue Nile, Inc. (a)(b) | 5,456 | 210,056 | ||||||
NutriSystem, Inc. | 12,645 | 103,562 | ||||||
PetMed Express, Inc. (b) | 8,918 | 98,990 | ||||||
412,608 | ||||||||
INTERNET SOFTWARE & SERVICES — 2.0% | ||||||||
Blucora, Inc. (a) | 17,786 | 279,418 | ||||||
comScore, Inc. (a) | 14,293 | 196,957 | ||||||
DealerTrack Holdings, Inc. (a) | 18,987 | 545,307 | ||||||
Dice Holdings, Inc. (a) | 22,134 | 203,190 | ||||||
Digital River, Inc. (a) | 15,859 | 228,211 | ||||||
j2 Global, Inc. (b) | 19,131 | 585,026 | ||||||
Liquidity Services, Inc. (a)(b) | 10,734 | 438,591 | ||||||
LivePerson, Inc. (a) | 22,307 | 293,114 | ||||||
LogMeIn, Inc. (a)(b) | 9,893 | 221,702 | ||||||
NIC, Inc. | 26,158 | 427,422 | ||||||
OpenTable, Inc. (a) | 10,029 | 489,415 | ||||||
Perficient, Inc. (a) | 14,700 | 173,166 | ||||||
QuinStreet, Inc. (a) | 11,586 | 77,858 | ||||||
Stamps.com, Inc. (a) | 6,171 | 155,509 | ||||||
United Online, Inc. (b) | 40,283 | 225,182 | ||||||
XO Group, Inc. (a) | 10,769 | 100,152 | ||||||
4,640,220 | ||||||||
IT SERVICES — 1.7% | ||||||||
CACI International, Inc. (Class A) (a) | 10,028 | 551,841 | ||||||
Cardtronics, Inc. (a) | 19,588 | 465,019 | ||||||
CIBER, Inc. (a) | 29,643 | 99,008 | ||||||
CSG Systems International, Inc. (a) | 15,021 | 273,082 |
See accompanying notes to financial statements.
151
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
ExlService Holdings, Inc. (a) | 11,567 | $ | 306,526 | |||||
Forrester Research, Inc. | 6,373 | 170,796 | ||||||
Heartland Payment Systems, Inc. (b) | 16,686 | 492,237 | ||||||
Higher One Holdings, Inc. (a)(b) | 13,969 | 147,233 | ||||||
iGate Corp. (a) | 13,333 | 210,261 | ||||||
MAXIMUS, Inc. | 15,137 | 956,961 | ||||||
TeleTech Holdings, Inc. (a) | 9,991 | 177,840 | ||||||
Virtusa Corp. (a) | 8,894 | 146,128 | ||||||
3,996,932 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.9% | ||||||||
Arctic Cat, Inc. (a) | 5,848 | 195,265 | ||||||
Brunswick Corp. | 39,874 | 1,159,934 | ||||||
Callaway Golf Co. (b) | 31,346 | 203,749 | ||||||
JAKKS Pacific, Inc. | 9,186 | 115,009 | ||||||
Sturm Ruger & Co, Inc. (b) | 8,473 | 384,674 | ||||||
2,058,631 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.6% | ||||||||
Affymetrix, Inc. (a)(b) | 31,403 | 99,547 | ||||||
Cambrex Corp. (a) | 13,070 | 148,737 | ||||||
Enzo Biochem, Inc. (a)(b) | 14,636 | 39,517 | ||||||
Luminex Corp. (a) | 16,825 | 281,987 | ||||||
PAREXEL International Corp. (a) | 26,084 | 771,826 | ||||||
1,341,614 | ||||||||
MACHINERY — 3.8% | ||||||||
Actuant Corp. (Class A) (b) | 32,449 | 905,651 | ||||||
Albany International Corp. (Class A) | 12,808 | 290,485 | ||||||
Astec Industries, Inc. | 9,320 | 310,636 | ||||||
Barnes Group, Inc. | 20,896 | 469,324 | ||||||
Briggs & Stratton Corp. (b) | 21,119 | 445,188 | ||||||
CIRCOR International, Inc. | 7,679 | 304,012 | ||||||
EnPro Industries, Inc. (a)(b) | 9,152 | 374,317 | ||||||
ESCO Technologies, Inc. | 11,822 | 442,261 | ||||||
Federal Signal Corp. (a) | 27,724 | 210,980 | ||||||
John Bean Technologies Corp. | 12,735 | 226,301 | ||||||
Kaydon Corp. | 14,176 | 339,232 | ||||||
Lindsay Corp. (b) | 5,658 | 453,319 | ||||||
Lydall, Inc. (a) | 7,609 | 109,113 | ||||||
Mueller Industries, Inc. | 12,474 | 624,074 | ||||||
Robbins & Myers, Inc. | 18,862 | 1,121,346 | ||||||
Tennant Co. | 8,198 | 360,302 | ||||||
The Toro Co. | 26,130 | 1,123,067 | ||||||
Watts Water Technologies, Inc. (Class A) | 12,318 | 529,551 | ||||||
8,639,159 | ||||||||
MEDIA — 0.7% | ||||||||
Arbitron, Inc. | 11,622 | 542,515 | ||||||
Digital Generation, Inc. (a)(b) | 11,308 | 122,805 | ||||||
Harte-Hanks, Inc. | 19,402 | 114,472 | ||||||
Live Nation Entertainment, Inc. (a) | 62,857 | 585,198 | ||||||
The E.W. Scripps Co. (Class A) (a) | 12,627 | 136,498 | ||||||
1,501,488 | ||||||||
METALS & MINING — 1.7% | ||||||||
A.M. Castle & Co. (a)(b) | 7,307 | 107,924 | ||||||
AK Steel Holding Corp. (b) | 58,968 | 271,253 | ||||||
AMCOL International Corp. (b) | 11,193 | 343,401 | ||||||
Century Aluminum Co. (a)(b) | 22,861 | 200,262 | ||||||
Globe Specialty Metals, Inc. | 28,416 | 390,720 | ||||||
Haynes International, Inc. | 5,457 | 283,054 | ||||||
Kaiser Aluminum Corp. (b) | 7,475 | 461,133 | ||||||
Materion Corp. | 9,056 | 233,464 | ||||||
Olympic Steel, Inc. (b) | 4,040 | 89,446 | ||||||
RTI International Metals, Inc. (a)(b) | 13,423 | 369,938 | ||||||
Stillwater Mining Co. (a) | 51,604 | 659,499 | ||||||
SunCoke Energy, Inc. (a) | 31,108 | 484,974 | ||||||
3,895,068 | ||||||||
MULTI-UTILITIES — 0.7% | ||||||||
Avista Corp. | 26,130 | 629,995 | ||||||
CH Energy Group, Inc. | 6,637 | 432,865 | ||||||
NorthWestern Corp. | 16,507 | 573,288 | ||||||
1,636,148 | ||||||||
MULTILINE RETAIL — 0.1% | ||||||||
Fred’s, Inc. (Class A) | 15,015 | 199,849 | ||||||
Tuesday Morning Corp. (a) | 18,703 | 116,894 | ||||||
316,743 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 1.8% | ||||||||
Approach Resources, Inc. (a) | 14,748 | 368,848 | ||||||
Carrizo Oil & Gas, Inc. (a)(b) | 16,164 | 338,151 | ||||||
Cloud Peak Energy, Inc. (a) | 27,009 | 522,084 | ||||||
Comstock Resources, Inc. (a)(b) | 19,946 | 301,783 | ||||||
Contango Oil & Gas Co. | 5,644 | 239,080 | ||||||
Gulfport Energy Corp. (a) | 26,368 | 1,007,785 | ||||||
PDC Energy, Inc. (a) | 13,429 | 445,977 | ||||||
Penn Virginia Corp. (b) | 24,293 | 107,132 | ||||||
PetroQuest Energy, Inc. (a) | 25,197 | 124,725 | ||||||
Stone Energy Corp. (a) | 21,987 | 451,173 | ||||||
Swift Energy Co. (a) | 18,962 | 291,825 | ||||||
4,198,563 | ||||||||
PAPER & FOREST PRODUCTS — 1.2% | ||||||||
Buckeye Technologies, Inc. | 17,142 | 492,147 | ||||||
Clearwater Paper Corp. (a) | 10,301 | 403,387 | ||||||
Deltic Timber Corp. | 4,793 | 338,482 | ||||||
KapStone Paper and Packaging Corp. | 17,006 | 377,363 | ||||||
Neenah Paper, Inc. | 7,061 | 201,027 | ||||||
P.H. Glatfelter Co. | 19,048 | 332,959 | ||||||
Schweitzer-Mauduit International, Inc. | 13,782 | 537,911 | ||||||
Wausau Paper Corp. | 20,635 | 178,699 | ||||||
2,861,975 | ||||||||
PERSONAL PRODUCTS — 0.3% | ||||||||
Inter Parfums, Inc. | 7,106 | 138,283 | ||||||
Medifast, Inc. (a) | 6,059 | 159,897 | ||||||
Prestige Brands Holdings, Inc. (a) | 22,430 | 449,273 | ||||||
747,453 | ||||||||
PHARMACEUTICALS — 1.5% | ||||||||
Akorn, Inc. (a)(b) | 29,881 | 399,210 | ||||||
Hi-Tech Pharmacal Co., Inc. (b) | 4,696 | 164,266 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 25,946 | 693,277 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 22,237 | 900,154 | ||||||
The Medicines Co. (a) | 23,868 | 572,116 | ||||||
ViroPharma, Inc. (a) | 29,250 | 665,730 | ||||||
3,394,753 | ||||||||
See accompanying notes to financial statements.
152
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
PROFESSIONAL SERVICES — 1.1% | ||||||||
CDI Corp. (b) | 6,177 | $ | 105,812 | |||||
Exponent, Inc. (a) | 5,875 | 328,001 | ||||||
Heidrick & Struggles International, Inc. | 7,271 | 110,955 | ||||||
Insperity, Inc. | 9,742 | 317,200 | ||||||
Kelly Services, Inc. (Class A) | 12,088 | 190,265 | ||||||
Korn/Ferry International (a) | 21,408 | 339,531 | ||||||
Navigant Consulting, Inc. (a) | 22,653 | 252,808 | ||||||
On Assignment, Inc. (a) | 19,123 | 387,814 | ||||||
Resources Connection, Inc. | 18,320 | 218,741 | ||||||
The Dolan Co. (a) | 12,500 | 48,625 | ||||||
TrueBlue, Inc. (a) | 17,888 | 281,736 | ||||||
2,581,488 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 8.7% | ||||||||
Acadia Realty Trust | 22,476 | 563,698 | ||||||
Cedar Realty Trust, Inc. | 24,077 | 127,127 | ||||||
Colonial Properties Trust | 36,892 | 788,382 | ||||||
Cousins Properties, Inc. | 40,372 | 337,106 | ||||||
DiamondRock Hospitality Co. | 86,623 | 779,607 | ||||||
EastGroup Properties, Inc. | 12,998 | 699,422 | ||||||
EPR Properties | 20,807 | 959,411 | ||||||
Extra Space Storage, Inc. | 45,552 | 1,657,637 | ||||||
Franklin Street Properties Corp. | 32,102 | 395,176 | ||||||
Getty Realty Corp. (b) | 11,973 | 216,232 | ||||||
Government Properties Income Trust (b) | 19,260 | 461,662 | ||||||
Healthcare Realty Trust, Inc. | 38,702 | 929,235 | ||||||
Inland Real Estate Corp. | 34,272 | 287,199 | ||||||
Kilroy Realty Corp. | 32,943 | 1,560,510 | ||||||
Kite Realty Group Trust | 32,270 | 180,389 | ||||||
LaSalle Hotel Properties | 41,860 | 1,062,826 | ||||||
Lexington Realty Trust (b) | 67,397 | 704,299 | ||||||
LTC Properties, Inc. | 13,563 | 477,282 | ||||||
Medical Properties Trust, Inc. (b) | 60,138 | 719,251 | ||||||
Mid-America Apartment Communities, Inc. | 18,794 | 1,216,912 | ||||||
Parkway Properties, Inc. (b) | 14,819 | 207,318 | ||||||
Pennsylvania Real Estate Investment Trust | 23,477 | 414,134 | ||||||
Post Properties, Inc. | 24,128 | 1,205,194 | ||||||
PS Business Parks, Inc. | 7,986 | 518,930 | ||||||
Sabra Healthcare REIT, Inc. | 16,361 | 355,361 | ||||||
Saul Centers, Inc. | 5,684 | 243,218 | ||||||
Sovran Self Storage, Inc. | 13,543 | 841,020 | ||||||
Tanger Factory Outlet Centers, Inc. | 41,675 | 1,425,285 | ||||||
Universal Health Realty Income Trust | 5,599 | 283,365 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 11,333 | 223,034 | ||||||
19,840,222 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
Forestar Group, Inc. (a) | 15,455 | 267,835 | ||||||
ROAD & RAIL — 0.8% | ||||||||
Arkansas Best Corp. (b) | 10,450 | 99,797 | ||||||
Heartland Express, Inc. (b) | 20,372 | 266,262 | ||||||
Knight Transportation, Inc. | 26,101 | 381,858 | ||||||
Old Dominion Freight Line, Inc. (a) | 31,449 | 1,078,072 | ||||||
1,825,989 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.6% | ||||||||
Advanced Energy Industries, Inc. (a) | 15,629 | 215,836 | ||||||
ATMI, Inc. (a) | 14,109 | 294,596 | ||||||
Brooks Automation, Inc. | 29,502 | 237,491 | ||||||
Cabot Microelectronics Corp. (b) | 10,287 | 365,291 | ||||||
CEVA, Inc. (a) | 9,864 | 155,358 | ||||||
Cirrus Logic, Inc. (a)(b) | 28,774 | 833,583 | ||||||
Cohu, Inc. | 10,110 | 109,592 | ||||||
Cymer, Inc. (a) | 13,788 | 1,246,849 | ||||||
Diodes, Inc. (a) | 15,913 | 276,091 | ||||||
DSP Group, Inc. (a) | 10,007 | 57,640 | ||||||
Entropic Communications, Inc. (a) | 38,836 | 205,442 | ||||||
Exar Corp. (a) | 20,084 | 178,748 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 53,056 | 160,229 | ||||||
Hittite Microwave Corp. (a) | 12,047 | 748,119 | ||||||
Kopin Corp. (a)(b) | 27,497 | 91,565 | ||||||
Kulicke & Soffa Industries, Inc. (a) | 32,863 | 394,027 | ||||||
Micrel, Inc. | 20,803 | 197,629 | ||||||
Microsemi Corp. (a) | 39,691 | 835,099 | ||||||
MKS Instruments, Inc. | 23,385 | 602,865 | ||||||
Monolithic Power Systems, Inc. | 13,843 | 308,422 | ||||||
Nanometrics, Inc. (a) | 9,474 | 136,615 | ||||||
Pericom Semiconductor Corp. (a) | 9,486 | 76,173 | ||||||
Power Integrations, Inc. (b) | 12,822 | 430,947 | ||||||
Rubicon Technology, Inc. (a) | 7,740 | 47,291 | ||||||
Rudolph Technologies, Inc. (a)(b) | 14,228 | 191,367 | ||||||
Sigma Designs, Inc. (a) | 14,207 | 73,166 | ||||||
STR Holdings, Inc. (a)(b) | 16,795 | 42,323 | ||||||
Supertex, Inc. | 4,565 | 80,116 | ||||||
Tessera Technologies, Inc. | 23,106 | 379,401 | ||||||
TriQuint Semiconductor, Inc. (a) | 72,899 | 352,831 | ||||||
Ultratech, Inc. (a) | 11,954 | 445,884 | ||||||
Veeco Instruments, Inc. (a) | 17,457 | 515,331 | ||||||
Volterra Semiconductor Corp. (a) | 11,199 | 192,287 | ||||||
10,478,204 | ||||||||
SOFTWARE — 3.3% | ||||||||
Blackbaud, Inc. | 19,948 | 455,413 | ||||||
Bottomline Technologies, Inc. (a) | 16,268 | 429,313 | ||||||
CommVault Systems, Inc. (a) | 18,827 | 1,312,430 | ||||||
Ebix, Inc. (b) | 14,187 | 227,985 | ||||||
EPIQ Systems, Inc. | 14,073 | 179,853 | ||||||
Interactive Intelligence Group (a) | 6,625 | 222,203 | ||||||
Manhattan Associates, Inc. (a) | 8,776 | 529,544 | ||||||
MicroStrategy, Inc. (a) | 3,906 | 364,742 | ||||||
Monotype Imaging Holdings, Inc. | 16,063 | 256,687 | ||||||
Netscout Systems, Inc. (a) | 15,998 | 415,788 | ||||||
Progress Software Corp. (a) | 28,295 | 593,912 | ||||||
Quality Systems, Inc. (b) | 17,579 | 305,171 | ||||||
Sourcefire, Inc. (a)(b) | 13,346 | 630,198 | ||||||
Synchronoss Technologies, Inc. (a) | 12,024 | 253,586 | ||||||
Take-Two Interactive Software, Inc. (a) | 39,883 | 439,112 | ||||||
Tyler Technologies, Inc. (a) | 11,605 | 562,146 | ||||||
Vasco Data Security International (a) | 12,681 | 103,477 |
See accompanying notes to financial statements.
153
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Websense, Inc. (a) | 16,184 | $ | 243,407 | |||||
7,524,967 | ||||||||
SPECIALTY RETAIL — 4.6% | ||||||||
Big 5 Sporting Goods Corp. | 7,573 | 99,206 | ||||||
Brown Shoe Co., Inc. | 18,104 | 332,570 | ||||||
Christopher & Banks Corp. (a) | 15,687 | 85,494 | ||||||
Coldwater Creek, Inc. (a)(b) | 8,740 | 42,039 | ||||||
Genesco, Inc. (a) | 10,739 | 590,645 | ||||||
Group 1 Automotive, Inc. (b) | 9,497 | 588,719 | ||||||
Haverty Furniture Cos., Inc. | 8,452 | 137,852 | ||||||
Hibbett Sports, Inc. (a)(b) | 11,488 | 605,418 | ||||||
Hot Topic, Inc. (b) | 18,821 | 181,623 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 12,404 | 528,162 | ||||||
Kirkland’s, Inc. (a) | 6,625 | 70,159 | ||||||
Lithia Motors, Inc. (Class A) | 9,223 | 345,125 | ||||||
Lumber Liquidators Holdings, Inc. (a) | 12,032 | 635,651 | ||||||
MarineMax, Inc. (a) | 10,458 | 93,495 | ||||||
Monro Muffler Brake, Inc. (b) | 12,994 | 454,400 | ||||||
OfficeMax, Inc. | 38,133 | 372,178 | ||||||
Pep Boys-Manny, Moe & Jack | 23,391 | 229,934 | ||||||
Rue21, Inc. (a)(b) | 6,950 | 197,310 | ||||||
Select Comfort Corp. (a) | 24,911 | 651,921 | ||||||
Sonic Automotive, Inc. (Class A) | 16,223 | 338,898 | ||||||
Stage Stores, Inc. | 13,984 | 346,524 | ||||||
Stein Mart, Inc. | 11,900 | 89,726 | ||||||
The Buckle, Inc. (b) | 12,104 | 540,323 | ||||||
The Cato Corp. (Class A) | 11,967 | 328,255 | ||||||
The Children’s Place Retail Stores, Inc. (a) | 10,415 | 461,280 | ||||||
The Finish Line, Inc. (Class A) | 22,611 | 428,026 | ||||||
The Men’s Wearhouse, Inc. | 21,292 | 663,459 | ||||||
Vitamin Shoppe, Inc. (a)(b) | 13,254 | 760,249 | ||||||
Zale Corp. (a) | 11,603 | 47,688 | ||||||
Zumiez, Inc. (a) | 9,891 | 191,984 | ||||||
10,438,313 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 2.3% | ||||||||
Crocs, Inc. (a) | 39,964 | 575,082 | ||||||
Fifth & Pacific Cos, Inc. (a) | 50,431 | 627,866 | ||||||
Iconix Brand Group, Inc. (a)(b) | 30,401 | 678,550 | ||||||
K-Swiss, Inc. (Class A) (a) | 10,435 | 35,062 | ||||||
Maidenform Brands, Inc. (a) | 10,447 | 203,612 | ||||||
Movado Group, Inc. | 7,769 | 238,353 | ||||||
Oxford Industries, Inc. | 6,290 | 291,605 | ||||||
Perry Ellis International, Inc. | 5,397 | 107,400 | ||||||
Quiksilver, Inc. (a) | 54,220 | 230,435 | ||||||
Skechers U.S.A., Inc. (a) | 16,952 | 313,612 | ||||||
Steven Madden, Ltd. (a) | 18,185 | 768,680 | ||||||
True Religion Apparel, Inc. | 10,770 | 273,773 | ||||||
Wolverine World Wide, Inc. (b) | 21,781 | 892,585 | ||||||
5,236,615 | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.0% | ||||||||
Bank Mutual Corp. | 18,882 | 81,193 | ||||||
Brookline Bancorp, Inc. | 31,197 | 265,174 | ||||||
Dime Community Bancshares | 12,553 | 174,361 | ||||||
Northwest Bancshares, Inc. | 43,454 | 527,531 | ||||||
Oritani Financial Corp. | 17,312 | 265,220 | ||||||
Provident Financial Services, Inc. | 23,872 | 356,170 | ||||||
TrustCo Bank Corp. NY (b) | 41,385 | 218,513 | ||||||
ViewPoint Financial Group | 15,790 | 330,643 | ||||||
2,218,805 | ||||||||
TOBACCO — 0.1% | ||||||||
Alliance One International, Inc. (a)(b) | 36,572 | 133,122 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.5% | ||||||||
Applied Industrial Technologies, Inc. | 18,645 | 783,276 | ||||||
Kaman Corp. | 11,715 | 431,112 | ||||||
1,214,388 | ||||||||
WATER UTILITIES — 0.2% | ||||||||
American States Water Co. | 8,357 | 400,969 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.1% | ||||||||
NTELOS Holdings Corp. | 6,678 | 87,548 | ||||||
USA Mobility, Inc. | 9,754 | 113,927 | ||||||
201,475 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $216,507,655) | 228,697,846 | |||||||
SHORT TERM INVESTMENTS — 8.3% | ||||||||
MONEY MARKET FUNDS — 8.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 16,748,675 | 16,748,675 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 2,433,828 | 2,433,828 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $19,182,503) | 19,182,503 | |||||||
TOTAL INVESTMENTS — 108.1% (f) | ||||||||
(Cost $235,690,158) | 247,880,349 | |||||||
OTHER ASSETS & LIABILITIES — (8.1)% | (18,676,866 | ) | ||||||
NET ASSETS — 100.0% | $ | 229,203,483 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
154
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AEROSPACE & DEFENSE — 0.7% | ||||||||
American Science & Engineering, Inc. | 1,931 | $ | 125,921 | |||||
Cubic Corp. | 4,563 | 218,887 | ||||||
GenCorp, Inc. (a)(b) | 23,900 | 218,685 | ||||||
Teledyne Technologies, Inc. (a) | 8,593 | 559,146 | ||||||
1,122,639 | ||||||||
AIR FREIGHT & LOGISTICS — 0.5% | ||||||||
Forward Air Corp. | 11,472 | 401,635 | ||||||
HUB Group, Inc. (Class A) (a) | 11,637 | 391,003 | ||||||
792,638 | ||||||||
AIRLINES — 0.4% | ||||||||
Allegiant Travel Co. (b) | 9,610 | 705,470 | ||||||
AUTO COMPONENTS — 0.3% | ||||||||
Drew Industries, Inc. | 11,800 | 380,550 | ||||||
Superior Industries International, Inc. | 7,300 | 148,920 | ||||||
529,470 | ||||||||
AUTOMOBILES — 0.2% | ||||||||
Winnebago Industries, Inc. (a) | 17,800 | 304,914 | ||||||
BEVERAGES — 0.4% | ||||||||
Boston Beer Co., Inc. (Class A) (a)(b) | 5,285 | 710,568 | ||||||
BIOTECHNOLOGY — 1.5% | ||||||||
Acorda Therapeutics, Inc. (a) | 25,342 | 630,002 | ||||||
ArQule, Inc. (a) | 39,801 | 111,045 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 24,562 | 1,033,078 | ||||||
Momenta Pharmaceuticals, Inc. (a)(b) | 28,540 | 336,201 | ||||||
Spectrum Pharmaceuticals, Inc. (b) | 33,342 | 373,097 | ||||||
2,483,423 | ||||||||
BUILDING PRODUCTS — 1.3% | ||||||||
A.O. Smith Corp. | 12,334 | 777,906 | ||||||
AAON, Inc. (b) | 5,524 | 115,286 | ||||||
Apogee Enterprises, Inc. | 9,600 | 230,112 | ||||||
NCI Building Systems, Inc. (a) | 6,371 | 88,557 | ||||||
Quanex Building Products Corp. | 23,200 | 473,512 | ||||||
Simpson Manufacturing Co., Inc. | 11,808 | 387,184 | ||||||
2,072,557 | ||||||||
CAPITAL MARKETS — 1.2% | ||||||||
Financial Engines, Inc. (a) | 13,693 | 379,981 | ||||||
HFF, Inc. (Class A) (b) | 20,444 | 304,615 | ||||||
Piper Jaffray Co., Inc. (a) | 6,100 | 195,993 | ||||||
Prospect Capital Corp. | 65,300 | 709,811 | ||||||
Virtus Investment Partners, Inc. (a) | 3,672 | 444,092 | ||||||
2,034,492 | ||||||||
CHEMICALS — 2.6% | ||||||||
American Vanguard Corp. (b) | 14,992 | 465,801 | ||||||
Balchem Corp. | 9,437 | 343,507 | ||||||
Calgon Carbon Corp. (a) | 14,353 | 203,526 | ||||||
H.B. Fuller Co. | 31,697 | 1,103,689 | ||||||
Hawkins, Inc. (b) | 2,445 | 94,475 | ||||||
Koppers Holdings, Inc. | 5,042 | 192,352 | ||||||
LSB Industries, Inc. (a) | 4,497 | 159,284 | ||||||
PolyOne Corp. | 56,000 | 1,143,520 | ||||||
Quaker Chemical Corp. | 8,185 | 440,844 | ||||||
Tredegar Corp. | 9,200 | 187,864 | ||||||
4,334,862 | ||||||||
COMMERCIAL BANKS — 6.2% | ||||||||
Bank of the Ozarks, Inc. | 18,570 | 621,538 | ||||||
BBCN Bancorp, Inc. | 49,000 | 566,930 | ||||||
Boston Private Financial Holdings, Inc. | 49,600 | 446,896 | ||||||
City Holding Co. (b) | 3,496 | 121,836 | ||||||
Columbia Banking System, Inc. | 12,700 | 227,838 | ||||||
CVB Financial Corp. | 19,397 | 201,729 | ||||||
F.N.B. Corp. | 87,800 | 932,436 | ||||||
First Commonwealth Financial Corp. (b) | 64,500 | 439,890 | ||||||
First Financial Bankshares, Inc. (b) | 10,314 | 402,349 | ||||||
First Midwest Bancorp, Inc. | 21,200 | 265,424 | ||||||
Glacier Bancorp, Inc. | 17,200 | 253,012 | ||||||
Home Bancshares, Inc. | 14,382 | 474,894 | ||||||
Independent Bank Corp.-Massachusetts | 6,000 | 173,700 | ||||||
National Penn Bancshares, Inc. | 76,100 | 709,252 | ||||||
PacWest Bancorp | 20,222 | 501,101 | ||||||
Pinnacle Financial Partners, Inc. (a) | 20,500 | 386,220 | ||||||
PrivateBancorp, Inc. | 39,300 | 602,076 | ||||||
Susquehanna Bancshares, Inc. | 63,300 | 663,384 | ||||||
Texas Capital Bancshares, Inc. (a) | 25,516 | 1,143,627 | ||||||
UMB Financial Corp. | 8,812 | 386,318 | ||||||
Wilshire Bancorp, Inc. (a) | 39,000 | 228,930 | ||||||
Wintrust Financial Corp. | 10,800 | 396,360 | ||||||
10,145,740 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.6% | ||||||||
Healthcare Services Group, Inc. | 42,539 | 988,181 | ||||||
Interface, Inc. | 22,700 | 365,016 | ||||||
The Geo Group, Inc. | 38,700 | 1,091,340 | ||||||
UniFirst Corp. | 3,674 | 269,378 | ||||||
2,713,915 | ||||||||
COMMUNICATIONS EQUIPMENT — 2.1% | ||||||||
Arris Group, Inc. (a) | 71,200 | 1,063,728 | ||||||
Ixia (a) | 33,200 | 563,736 | ||||||
Netgear, Inc. (a) | 24,313 | 958,418 | ||||||
Oplink Communications, Inc. (a) | 4,812 | 74,971 | ||||||
PC-Tel, Inc. | 4,900 | 35,280 | ||||||
Procera Networks, Inc. (a) | 12,300 | 228,165 | ||||||
Symmetricom, Inc. (a) | 14,100 | 81,357 | ||||||
ViaSat, Inc. (a)(b) | 9,555 | 371,690 | ||||||
3,377,345 | ||||||||
COMPUTERS & PERIPHERALS — 1.6% | ||||||||
3D Systems Corp. (a)(b) | 31,014 | 1,654,597 | ||||||
Electronics for Imaging, Inc. (a) | 29,300 | 556,407 | ||||||
Intermec, Inc. (a) | 19,000 | 187,340 | ||||||
Synaptics, Inc. (a) | 7,420 | 222,377 | ||||||
2,620,721 | ||||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
Aegion Corp. (a) | 11,400 | 252,966 | ||||||
CONSTRUCTION MATERIALS — 1.7% | ||||||||
Eagle Materials, Inc. | 29,410 | 1,720,485 | ||||||
Headwaters, Inc. (a) | 44,297 | 379,182 |
See accompanying notes to financial statements.
155
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Texas Industries, Inc. (a)(b) | 13,200 | $ | 673,332 | |||||
2,772,999 | ||||||||
CONSUMER FINANCE — 1.7% | ||||||||
Encore Capital Group, Inc. (a) | 14,599 | 447,021 | ||||||
First Cash Financial Services, Inc. (a) | 16,563 | 821,856 | ||||||
Portfolio Recovery Associates, Inc. (a) | 10,644 | 1,137,418 | ||||||
World Acceptance Corp. (a)(b) | 4,524 | 337,310 | ||||||
2,743,605 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Myers Industries, Inc. | 9,400 | 142,410 | ||||||
DISTRIBUTORS — 0.8% | ||||||||
Pool Corp. | 29,617 | 1,253,391 | ||||||
DIVERSIFIED CONSUMER SERVICES — 1.1% | ||||||||
American Public Education, Inc. (a)(b) | 11,317 | 408,657 | ||||||
Coinstar, Inc. (a) | 18,960 | 986,110 | ||||||
Hillenbrand, Inc. | 17,674 | 399,609 | ||||||
1,794,376 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.5% | ||||||||
MarketAxess Holdings, Inc. | 23,480 | 828,844 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6% | ||||||||
Atlantic Tele-Network, Inc. | 2,788 | 102,348 | ||||||
Cincinnati Bell, Inc. (a) | 125,300 | 686,644 | ||||||
General Communication, Inc. (Class A) (a) | 12,458 | 119,472 | ||||||
Lumos Networks Corp. | 4,400 | 44,088 | ||||||
952,552 | ||||||||
ELECTRICAL EQUIPMENT — 2.2% | ||||||||
AZZ, Inc. | 15,858 | 609,423 | ||||||
Belden, Inc. | 15,260 | 686,548 | ||||||
Brady Corp. (Class A) | 11,600 | 387,440 | ||||||
Encore Wire Corp. | 6,500 | 197,015 | ||||||
EnerSys (a) | 17,700 | 666,051 | ||||||
Franklin Electric Co., Inc. | 12,089 | 751,573 | ||||||
II-VI, Inc. (a) | 21,608 | 394,778 | ||||||
3,692,828 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.8% | ||||||||
Agilysys, Inc. (a) | 3,800 | 31,806 | ||||||
Badger Meter, Inc. | 9,009 | 427,117 | ||||||
Cognex Corp. | 25,113 | 924,661 | ||||||
Coherent, Inc. | 9,200 | 465,704 | ||||||
Daktronics, Inc. | 9,100 | 100,737 | ||||||
DTS, Inc. (a) | 4,396 | 73,413 | ||||||
Electro Scientific Industries, Inc. | 7,700 | 76,615 | ||||||
FARO Technologies, Inc. (a) | 6,007 | 214,330 | ||||||
FEI Co. | 24,104 | 1,336,808 | ||||||
Littelfuse, Inc. | 13,703 | 845,612 | ||||||
Measurement Specialties, Inc. (a) | 9,668 | 332,192 | ||||||
MTS Systems Corp. | 6,570 | 334,610 | ||||||
OSI Systems, Inc. (a) | 7,578 | 485,295 | ||||||
Rofin-Sinar Technologies, Inc. (a) | 7,556 | 163,814 | ||||||
Rogers Corp. (a) | 6,470 | 321,300 | ||||||
TTM Technologies, Inc. (a) | 13,200 | 121,440 | ||||||
6,255,454 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.2% | ||||||||
Exterran Holdings, Inc. (a) | 19,200 | 420,864 | ||||||
Geospace Technologies Corp. (a) | 8,044 | 714,870 | ||||||
ION Geophysical Corp. (a)(b) | 33,995 | 221,308 | ||||||
Lufkin Industries, Inc. (b) | 10,994 | 639,081 | ||||||
1,996,123 | ||||||||
FOOD PRODUCTS — 2.4% | ||||||||
B&G Foods, Inc. | 20,517 | 580,836 | ||||||
Cal-Maine Foods, Inc. | 4,900 | 197,078 | ||||||
Calavo Growers, Inc. (b) | 3,410 | 85,966 | ||||||
Darling International, Inc. (a) | 74,003 | 1,187,008 | ||||||
Hain Celestial Group, Inc. (a)(b) | 28,429 | 1,541,421 | ||||||
J&J Snack Foods Corp. | 5,167 | 330,378 | ||||||
3,922,687 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 5.2% | ||||||||
Abaxis, Inc. (b) | 13,058 | 484,452 | ||||||
ABIOMED, Inc. (a) | 14,300 | 192,478 | ||||||
Align Technology, Inc. (a)(b) | 45,004 | 1,248,861 | ||||||
Analogic Corp. | 7,664 | 569,435 | ||||||
Cantel Medical Corp. | 13,479 | 400,731 | ||||||
CryoLife, Inc. | 6,000 | 37,380 | ||||||
Cyberonics, Inc. (a) | 15,030 | 789,526 | ||||||
Greatbatch, Inc. (a) | 14,911 | 346,532 | ||||||
Haemonetics Corp. (a) | 32,686 | 1,334,896 | ||||||
HealthStream, Inc. (a) | 12,372 | 300,763 | ||||||
ICU Medical, Inc. (a)(b) | 8,063 | 491,279 | ||||||
Integra LifeSciences Holdings Corp. (a) | 6,234 | 242,939 | ||||||
Meridian Bioscience, Inc. (b) | 14,011 | 283,723 | ||||||
Merit Medical Systems, Inc. (a) | 9,267 | 128,811 | ||||||
Natus Medical, Inc. (a) | 11,900 | 133,042 | ||||||
Neogen Corp. (a)(b) | 14,257 | 646,127 | ||||||
Palomar Medical Technologies, Inc. (a) | 4,700 | 43,287 | ||||||
SurModics, Inc. (a) | 4,246 | 94,941 | ||||||
West Pharmaceutical Services, Inc. | 14,107 | 772,358 | ||||||
8,541,561 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.8% | ||||||||
Air Methods Corp. (b) | 22,092 | 814,974 | ||||||
AMN Healthcare Services, Inc. (a) | 16,200 | 187,110 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 15,343 | 440,191 | ||||||
Chemed Corp. (b) | 7,399 | 507,497 | ||||||
Corvel Corp. (a) | 1,876 | 84,101 | ||||||
Hanger, Inc. (a) | 21,500 | 588,240 | ||||||
Healthways, Inc. (a) | 12,200 | 130,540 | ||||||
IPC The Hospitalist Co. (a) | 5,173 | 205,420 | ||||||
Landauer, Inc. | 5,923 | 362,547 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 7,549 | 830,390 | ||||||
PSS World Medical, Inc. (a) | 14,270 | 412,117 | ||||||
4,563,127 | ||||||||
HEALTH CARE TECHNOLOGY — 0.6% | ||||||||
Computer Programs and Systems, Inc. | 4,111 | 206,948 | ||||||
Medidata Solutions, Inc. (a) | 14,217 | 557,164 | ||||||
Omnicell, Inc. (a) | 12,674 | 188,462 | ||||||
952,574 | ||||||||
See accompanying notes to financial statements.
156
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
HOTELS, RESTAURANTS & LEISURE — 2.8% | ||||||||
BJ’s Restaurants, Inc. (a)(b) | 7,288 | $ | 239,775 | |||||
Buffalo Wild Wings, Inc. (a)(b) | 11,678 | 850,392 | ||||||
DineEquity, Inc. (a) | 3,974 | 266,258 | ||||||
Interval Leisure Group, Inc. (b) | 24,313 | 471,429 | ||||||
Jack in the Box, Inc. (a) | 10,200 | 291,720 | ||||||
Marriott Vacations Worldwide Corp. (a) | 9,900 | 412,533 | ||||||
Multimedia Games Holding Co., Inc. (a) | 17,792 | 261,720 | ||||||
Papa John’s International, Inc. (a) | 11,064 | 607,856 | ||||||
Ruth’s Hospitality Group, Inc. (a) | 22,300 | 162,121 | ||||||
SHFL Entertainment, Inc. (a) | 35,123 | 509,284 | ||||||
Sonic Corp. (a) | 17,800 | 185,298 | ||||||
Texas Roadhouse, Inc. (Class A) | 19,863 | 333,699 | ||||||
4,592,085 | ||||||||
HOUSEHOLD DURABLES — 2.3% | ||||||||
Ethan Allen Interiors, Inc. | 16,300 | 419,073 | ||||||
Helen of Troy, Ltd. (a) | 10,197 | 340,478 | ||||||
iRobot Corp. (a) | 16,502 | 309,247 | ||||||
La-Z-Boy, Inc. | 19,400 | 274,510 | ||||||
M/I Homes, Inc. (a) | 13,500 | 357,750 | ||||||
Meritage Homes Corp. (a) | 19,500 | 728,325 | ||||||
Standard Pacific Corp. (a) | 45,700 | 335,895 | ||||||
The Ryland Group, Inc. | 28,395 | 1,036,418 | ||||||
3,801,696 | ||||||||
HOUSEHOLD PRODUCTS — 0.1% | ||||||||
WD-40 Co. | 5,149 | 242,569 | ||||||
INDUSTRIAL CONGLOMERATES — 0.2% | ||||||||
Standex International Corp. | 8,000 | 410,320 | ||||||
INSURANCE — 0.3% | ||||||||
eHealth, Inc. (a) | 12,748 | 350,315 | ||||||
Employers Holdings, Inc. | 7,700 | 158,466 | ||||||
508,781 | ||||||||
INTERNET & CATALOG RETAIL — 0.1% | ||||||||
Blue Nile, Inc. (a)(b) | 4,662 | 179,487 | ||||||
PetMed Express, Inc. | 5,500 | 61,050 | ||||||
240,537 | ||||||||
INTERNET SOFTWARE & SERVICES — 3.1% | ||||||||
Blucora, Inc. (a) | 25,680 | 403,433 | ||||||
comScore, Inc. (a) | 9,610 | 132,426 | ||||||
DealerTrack Holdings, Inc. (a) | 26,815 | 770,127 | ||||||
Dice Holdings, Inc. (a) | 31,422 | 288,454 | ||||||
j2 Global, Inc. (b) | 15,485 | 473,531 | ||||||
Liquidity Services, Inc. (a)(b) | 15,698 | 641,420 | ||||||
LivePerson, Inc. (a)(b) | 31,868 | 418,745 | ||||||
LogMeIn, Inc. (a) | 4,907 | 109,966 | ||||||
NIC, Inc. | 37,000 | 604,580 | ||||||
OpenTable, Inc. (a) | 14,297 | 697,694 | ||||||
Perficient, Inc. (a) | 20,800 | 245,024 | ||||||
Stamps.com, Inc. (a) | 8,841 | 222,793 | ||||||
XO Group, Inc. (a) | 15,400 | 143,220 | ||||||
5,151,413 | ||||||||
IT SERVICES — 2.1% | ||||||||
Cardtronics, Inc. (a) | 15,081 | 358,023 | ||||||
CSG Systems International, Inc. (a) | 11,900 | 216,342 | ||||||
ExlService Holdings, Inc. (a) | 16,359 | 433,514 | ||||||
Forrester Research, Inc. | 3,788 | 101,518 | ||||||
Heartland Payment Systems, Inc. (b) | 14,593 | 430,494 | ||||||
Higher One Holdings, Inc. (a)(b) | 7,569 | 79,777 | ||||||
iGate Corp. (a) | 19,207 | 302,894 | ||||||
MAXIMUS, Inc. | 21,451 | 1,356,132 | ||||||
Virtusa Corp. (a) | 7,095 | 116,571 | ||||||
3,395,265 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 1.6% | ||||||||
Arctic Cat, Inc. (a) | 8,300 | 277,137 | ||||||
Brunswick Corp. | 56,699 | 1,649,374 | ||||||
Callaway Golf Co. | 18,700 | 121,550 | ||||||
Sturm Ruger & Co, Inc. (b) | 12,107 | 549,658 | ||||||
2,597,719 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 1.1% | ||||||||
Cambrex Corp. (a) | 18,800 | 213,944 | ||||||
Enzo Biochem, Inc. (a)(b) | 15,230 | 41,121 | ||||||
Luminex Corp. (a) | 23,767 | 398,335 | ||||||
PAREXEL International Corp. (a) | 37,334 | 1,104,713 | ||||||
1,758,113 | ||||||||
MACHINERY — 3.4% | ||||||||
Actuant Corp. (Class A) | 31,100 | 868,001 | ||||||
EnPro Industries, Inc. (a) | 6,900 | 282,210 | ||||||
ESCO Technologies, Inc. | 7,900 | 295,539 | ||||||
Kaydon Corp. | 7,224 | 172,870 | ||||||
Lindsay Corp. (b) | 8,043 | 644,405 | ||||||
Lydall, Inc. (a) | 10,700 | 153,438 | ||||||
Mueller Industries, Inc. | 11,100 | 555,333 | ||||||
Robbins & Myers, Inc. | 14,724 | 875,342 | ||||||
Tennant Co. | 4,830 | 212,279 | ||||||
The Toro Co. | 36,928 | 1,587,165 | ||||||
5,646,582 | ||||||||
MEDIA — 0.3% | ||||||||
Arbitron, Inc. | 8,205 | 383,009 | ||||||
Digital Generation, Inc. (a)(b) | 8,000 | 86,880 | ||||||
469,889 | ||||||||
METALS & MINING — 1.3% | ||||||||
AK Steel Holding Corp. | 34,200 | 157,320 | ||||||
AMCOL International Corp. (b) | 5,725 | 175,643 | ||||||
Globe Specialty Metals, Inc. | 40,047 | 550,646 | ||||||
Stillwater Mining Co. (a) | 44,000 | 562,320 | ||||||
SunCoke Energy, Inc. (a) | 44,000 | 685,960 | ||||||
2,131,889 | ||||||||
MULTI-UTILITIES — 0.2% | ||||||||
CH Energy Group, Inc. | 4,000 | 260,880 | ||||||
MULTILINE RETAIL — 0.1% | ||||||||
Tuesday Morning Corp. (a) | 26,700 | 166,875 | ||||||
OIL, GAS & CONSUMABLE FUELS — 1.5% | ||||||||
Approach Resources, Inc. (a) | 11,271 | 281,888 | ||||||
Carrizo Oil & Gas, Inc. (a)(b) | 12,600 | 263,592 | ||||||
Comstock Resources, Inc. (a) | 11,300 | 170,969 | ||||||
Gulfport Energy Corp. (a) | 37,650 | 1,438,983 | ||||||
PDC Energy, Inc. (a) | 7,185 | 238,614 |
See accompanying notes to financial statements.
157
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
PetroQuest Energy, Inc. (a) | 19,500 | $ | 96,525 | |||||
2,490,571 | ||||||||
PAPER & FOREST PRODUCTS — 0.6% | ||||||||
Deltic Timber Corp. | 6,863 | 484,665 | ||||||
Neenah Paper, Inc. | 5,800 | 165,126 | ||||||
Schweitzer-Mauduit International, Inc. | 7,763 | 302,990 | ||||||
952,781 | ||||||||
PERSONAL PRODUCTS — 0.6% | ||||||||
Inter Parfums, Inc. | 10,198 | 198,453 | ||||||
Medifast, Inc. (a) | 8,575 | 226,294 | ||||||
Prestige Brands Holdings, Inc. (a) | 31,700 | 634,951 | ||||||
1,059,698 | ||||||||
PHARMACEUTICALS — 2.8% | ||||||||
Akorn, Inc. (a)(b) | 43,294 | 578,408 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 37,080 | 990,778 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 31,684 | 1,282,568 | ||||||
The Medicines Co. (a) | 33,811 | 810,450 | ||||||
ViroPharma, Inc. (a) | 41,382 | 941,854 | ||||||
4,604,058 | ||||||||
PROFESSIONAL SERVICES — 0.6% | ||||||||
Exponent, Inc. (a) | 4,657 | 260,000 | ||||||
On Assignment, Inc. (a) | 27,400 | 555,672 | ||||||
Resources Connection, Inc. | 15,400 | 183,876 | ||||||
999,548 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 8.7% | ||||||||
Acadia Realty Trust | 18,147 | 455,127 | ||||||
Cedar Realty Trust, Inc. | 15,100 | 79,728 | ||||||
Colonial Properties Trust | 20,784 | 444,154 | ||||||
Cousins Properties, Inc. | 29,600 | 247,160 | ||||||
EastGroup Properties, Inc. | 10,403 | 559,785 | ||||||
Extra Space Storage, Inc. | 64,772 | 2,357,053 | ||||||
Getty Realty Corp. | 7,100 | 128,226 | ||||||
Government Properties Income Trust (b) | 10,300 | 246,891 | ||||||
Healthcare Realty Trust, Inc. | 29,582 | 710,264 | ||||||
Inland Real Estate Corp. | 23,903 | 200,307 | ||||||
Kilroy Realty Corp. | 22,048 | 1,044,414 | ||||||
Lexington Realty Trust (b) | 40,100 | 419,045 | ||||||
LTC Properties, Inc. | 9,421 | 331,525 | ||||||
Medical Properties Trust, Inc. | 39,200 | 468,832 | ||||||
Mid-America Apartment Communities, Inc. | 13,000 | 841,750 | ||||||
Parkway Properties, Inc. | 8,600 | 120,314 | ||||||
Pennsylvania Real Estate Investment Trust | 19,800 | 349,272 | ||||||
Post Properties, Inc. | 34,450 | 1,720,778 | ||||||
PS Business Parks, Inc. | 6,239 | 405,410 | ||||||
Sabra Healthcare REIT, Inc. | 23,295 | 505,967 | ||||||
Saul Centers, Inc. | 4,835 | 206,890 | ||||||
Sovran Self Storage, Inc. | 12,078 | 750,044 | ||||||
Tanger Factory Outlet Centers, Inc. | 33,090 | 1,131,678 | ||||||
Universal Health Realty Income Trust | 8,009 | 405,336 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 7,508 | 147,757 | ||||||
14,277,707 | ||||||||
ROAD & RAIL — 1.2% | ||||||||
Heartland Express, Inc. (b) | 13,536 | 176,915 | ||||||
Knight Transportation, Inc. | 18,533 | 271,138 | ||||||
Old Dominion Freight Line, Inc. (a) | 44,761 | 1,534,407 | ||||||
1,982,460 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 6.6% | ||||||||
Advanced Energy Industries, Inc. (a) | 22,100 | 305,201 | ||||||
ATMI, Inc. (a) | 10,056 | 209,969 | ||||||
Cabot Microelectronics Corp. (b) | 7,336 | 260,501 | ||||||
CEVA, Inc. (a) | 5,500 | 86,625 | ||||||
Cirrus Logic, Inc. (a) | 41,542 | 1,203,472 | ||||||
Cymer, Inc. (a) | 19,571 | 1,769,806 | ||||||
Diodes, Inc. (a) | 13,513 | 234,451 | ||||||
Entropic Communications, Inc. (a) | 56,125 | 296,901 | ||||||
Exar Corp. (a) | 29,006 | 258,153 | ||||||
Hittite Microwave Corp. (a) | 17,033 | 1,057,749 | ||||||
Kopin Corp. (a) | 13,914 | 46,334 | ||||||
Kulicke & Soffa Industries, Inc. (a) | 47,013 | 563,686 | ||||||
Micrel, Inc. | 13,885 | 131,908 | ||||||
Microsemi Corp. (a) | 57,306 | 1,205,718 | ||||||
MKS Instruments, Inc. | 16,230 | 418,409 | ||||||
Monolithic Power Systems, Inc. | 19,838 | 441,991 | ||||||
Nanometrics, Inc. (a) | 13,406 | 193,315 | ||||||
Power Integrations, Inc. (b) | 9,059 | 304,473 | ||||||
Rudolph Technologies, Inc. (a)(b) | 20,300 | 273,035 | ||||||
Sigma Designs, Inc. (a) | 8,000 | 41,200 | ||||||
Ultratech, Inc. (a) | 16,935 | 631,675 | ||||||
Veeco Instruments, Inc. (a) | 24,582 | 725,661 | ||||||
Volterra Semiconductor Corp. (a) | 10,250 | 175,992 | ||||||
10,836,225 | ||||||||
SOFTWARE — 4.9% | ||||||||
Blackbaud, Inc. | 13,939 | 318,227 | ||||||
Bottomline Technologies, Inc. (a) | 13,397 | 353,547 | ||||||
CommVault Systems, Inc. (a) | 26,618 | 1,855,541 | ||||||
Ebix, Inc. (b) | 9,828 | 157,936 | ||||||
Interactive Intelligence Group (a) | 9,293 | 311,687 | ||||||
Manhattan Associates, Inc. (a) | 12,469 | 752,379 | ||||||
MicroStrategy, Inc. (a) | 3,075 | 287,144 | ||||||
Monotype Imaging Holdings, Inc. | 13,987 | 223,512 | ||||||
Netscout Systems, Inc. (a) | 22,551 | 586,100 | ||||||
Progress Software Corp. (a) | 16,058 | 337,057 | ||||||
Quality Systems, Inc. (b) | 11,747 | 203,928 | ||||||
Sourcefire, Inc. (a)(b) | 18,907 | 892,789 | ||||||
Synchronoss Technologies, Inc. (a) | 8,357 | 176,249 | ||||||
Take-Two Interactive Software, Inc. (a) | 30,200 | 332,502 | ||||||
Tyler Technologies, Inc. (a) | 16,521 | 800,277 | ||||||
Vasco Data Security International (a) | 18,105 | 147,737 | ||||||
Websense, Inc. (a) | 22,988 | 345,740 | ||||||
8,082,352 | ||||||||
SPECIALTY RETAIL — 3.7% | ||||||||
Brown Shoe Co., Inc. | 12,000 | 220,440 | ||||||
Christopher & Banks Corp. (a) | 13,000 | 70,850 | ||||||
Coldwater Creek, Inc. (a) | 7,000 | 33,670 | ||||||
Haverty Furniture Cos., Inc. | 5,300 | 86,443 | ||||||
Hibbett Sports, Inc. (a)(b) | 16,261 | 856,955 |
See accompanying notes to financial statements.
158
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Hot Topic, Inc. (b) | 10,100 | $ | 97,465 | |||||
Lithia Motors, Inc. (Class A) | 6,700 | 250,714 | ||||||
Lumber Liquidators Holdings, Inc. (a) | 17,069 | 901,755 | ||||||
Monro Muffler Brake, Inc. (b) | 7,756 | 271,227 | ||||||
Rue21, Inc. (a)(b) | 9,817 | 278,705 | ||||||
Select Comfort Corp. (a) | 35,206 | 921,341 | ||||||
Stage Stores, Inc. | 12,400 | 307,272 | ||||||
The Buckle, Inc. (b) | 10,660 | 475,862 | ||||||
Vitamin Shoppe, Inc. (a) | 19,113 | 1,096,322 | ||||||
Zale Corp. (a) | 7,900 | 32,469 | ||||||
Zumiez, Inc. (a) | 8,927 | 173,273 | ||||||
6,074,763 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 2.4% | ||||||||
Crocs, Inc. (a) | 35,464 | 510,327 | ||||||
Fifth & Pacific Cos, Inc. (a) | 33,408 | 415,930 | ||||||
Iconix Brand Group, Inc. (a) | 20,606 | 459,926 | ||||||
Movado Group, Inc. | 11,100 | 340,548 | ||||||
Oxford Industries, Inc. | 9,000 | 417,240 | ||||||
Steven Madden, Ltd. (a) | 25,679 | 1,085,451 | ||||||
Wolverine World Wide, Inc. (b) | 17,261 | 707,356 | ||||||
3,936,778 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.7% | ||||||||
Brookline Bancorp, Inc. | 26,800 | 227,800 | ||||||
Dime Community Bancshares | 10,100 | 140,289 | ||||||
Oritani Financial Corp. | 24,495 | 375,263 | ||||||
ViewPoint Financial Group | 22,403 | 469,119 | ||||||
1,212,471 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.5% | ||||||||
Applied Industrial Technologies, Inc. | 12,905 | 542,139 | ||||||
Kaman Corp. | 6,299 | 231,803 | ||||||
773,942 | ||||||||
WATER UTILITIES — 0.2% | ||||||||
American States Water Co. | 6,797 | 326,120 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $144,256,715) | 163,598,338 | |||||||
SHORT TERM INVESTMENTS — 7.9% | ||||||||
MONEY MARKET FUNDS — 7.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 10,942,712 | 10,942,712 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 2,006,780 | 2,006,780 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $12,949,492) | 12,949,492 | |||||||
TOTAL INVESTMENTS — 107.4% (f) | ||||||||
(Cost $157,206,207) | 176,547,830 | |||||||
OTHER ASSETS & LIABILITIES — (7.4)% | (12,132,374 | ) | ||||||
NET ASSETS — 100.0% | $ | 164,415,456 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
159
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 3.3% | ||||||||
AAR Corp. | 20,592 | $ | 384,659 | |||||
Aerovironment, Inc. (a) | 9,800 | 213,052 | ||||||
American Science & Engineering, Inc. | 2,700 | 176,067 | ||||||
Cubic Corp. | 4,500 | 215,865 | ||||||
Curtiss-Wright Corp. | 23,998 | 787,854 | ||||||
Engility Holdings, Inc. (a) | 8,466 | 163,055 | ||||||
GenCorp, Inc. (a)(b) | 11,432 | 104,603 | ||||||
Moog, Inc. (Class A) (a) | 23,197 | 951,773 | ||||||
National Presto Industries, Inc. | 2,500 | 172,750 | ||||||
Orbital Sciences Corp. (a) | 30,405 | 418,677 | ||||||
Teledyne Technologies, Inc. (a) | 11,900 | 774,333 | ||||||
4,362,688 | ||||||||
AIR FREIGHT & LOGISTICS — 0.4% | ||||||||
Forward Air Corp. | 5,700 | 199,557 | ||||||
HUB Group, Inc. (Class A) (a) | 8,760 | 294,336 | ||||||
493,893 | ||||||||
AIRLINES — 0.2% | ||||||||
SkyWest, Inc. | 26,331 | 328,084 | ||||||
AUTO COMPONENTS — 0.3% | ||||||||
Spartan Motors, Inc. | 16,022 | 78,988 | ||||||
Standard Motor Products, Inc. | 10,021 | 222,667 | ||||||
Superior Industries International, Inc. | 5,921 | 120,788 | ||||||
422,443 | ||||||||
BIOTECHNOLOGY — 0.6% | ||||||||
Cubist Pharmaceuticals, Inc. (a) | 13,200 | 555,192 | ||||||
Emergent Biosolutions, Inc. (a) | 12,994 | 208,424 | ||||||
763,616 | ||||||||
BUILDING PRODUCTS — 1.7% | ||||||||
A.O. Smith Corp. | 9,966 | 628,556 | ||||||
AAON, Inc. (b) | 5,104 | 106,520 | ||||||
Apogee Enterprises, Inc. | 6,658 | 159,592 | ||||||
Gibraltar Industries, Inc. (a) | 14,789 | 235,441 | ||||||
Griffon Corp. | 23,671 | 271,270 | ||||||
NCI Building Systems, Inc. (a) | 4,457 | 61,952 | ||||||
Simpson Manufacturing Co., Inc. | 10,909 | 357,706 | ||||||
Universal Forest Products, Inc. | 10,227 | 389,035 | ||||||
2,210,072 | ||||||||
CAPITAL MARKETS — 1.5% | ||||||||
Calamos Asset Management, Inc. (Class A) | 10,322 | 109,103 | ||||||
Financial Engines, Inc. (a) | 9,900 | 274,725 | ||||||
Investment Technology Group, Inc. (a) | 19,401 | 174,609 | ||||||
Piper Jaffray Co., Inc. (a) | 3,337 | 107,218 | ||||||
Prospect Capital Corp. | 40,747 | 442,920 | ||||||
Stifel Financial Corp. (a) | 25,524 | 816,002 | ||||||
SWS Group, Inc. (a) | 14,499 | 76,700 | ||||||
2,001,277 | ||||||||
CHEMICALS — 2.7% | ||||||||
A. Schulman, Inc. | 14,972 | 433,140 | ||||||
Balchem Corp. | 7,400 | 269,360 | ||||||
Calgon Carbon Corp. (a)(b) | 17,505 | 248,221 | ||||||
Hawkins, Inc. | 2,700 | 104,328 | ||||||
Innophos Holdings, Inc. | 11,100 | 516,150 | ||||||
Koppers Holdings, Inc. | 6,410 | 244,542 | ||||||
Kraton Performance Polymers, Inc. (a) | 16,583 | 398,489 | ||||||
LSB Industries, Inc. (a) | 5,974 | 211,599 | ||||||
OM Group, Inc. (a) | 16,532 | 367,010 | ||||||
Stepan Co. | 8,494 | 471,757 | ||||||
Tredegar Corp. | 4,768 | 97,363 | ||||||
Zep, Inc. | 11,255 | 162,522 | ||||||
3,524,481 | ||||||||
COMMERCIAL BANKS — 6.0% | ||||||||
Banner Corp. | 8,990 | 276,263 | ||||||
City Holding Co. (b) | 4,787 | 166,827 | ||||||
Columbia Banking System, Inc. | 9,939 | 178,306 | ||||||
Community Bank System, Inc. (b) | 20,279 | 554,833 | ||||||
CVB Financial Corp. | 29,350 | 305,240 | ||||||
First BanCorp- Puerto Rico (a)(b) | 35,966 | 164,724 | ||||||
First Financial Bancorp | 29,972 | 438,191 | ||||||
First Financial Bankshares, Inc. (b) | 6,917 | 269,832 | ||||||
First Midwest Bancorp, Inc. | 21,097 | 264,134 | ||||||
Glacier Bancorp, Inc. (b) | 22,866 | 336,359 | ||||||
Hanmi Financial Corp. (a) | 16,115 | 219,003 | ||||||
Independent Bank Corp.-Massachusetts (b) | 6,759 | 195,673 | ||||||
NBT Bancorp, Inc. (b) | 17,359 | 351,867 | ||||||
Old National Bancorp | 52,147 | 618,985 | ||||||
S&T Bancorp, Inc. | 15,273 | 275,983 | ||||||
Simmons First National Corp. (b) | 8,554 | 216,929 | ||||||
Sterling Bancorp | 15,882 | 144,685 | ||||||
Susquehanna Bancshares, Inc. | 43,954 | 460,638 | ||||||
Tompkins Financial Corp. | 5,887 | 233,361 | ||||||
UMB Financial Corp. (b) | 9,525 | 417,576 | ||||||
Umpqua Holdings Corp. | 57,559 | 678,621 | ||||||
United Bankshares, Inc. (b) | 23,533 | 572,322 | ||||||
United Community Banks, Inc. (a) | 23,761 | 223,829 | ||||||
Wintrust Financial Corp. (b) | 9,876 | 362,449 | ||||||
7,926,630 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 3.2% | ||||||||
ABM Industries, Inc. | 25,945 | 517,603 | ||||||
Consolidated Graphics, Inc. (a) | 4,200 | 146,664 | ||||||
G & K Services, Inc. (Class A) | 9,666 | 330,094 | ||||||
Interface, Inc. | 10,870 | 174,790 | ||||||
Mobile Mini, Inc. (a)(b) | 19,506 | 406,310 | ||||||
Sykes Enterprises, Inc. (a) | 20,127 | 306,333 | ||||||
Tetra Tech, Inc. (a) | 32,682 | 864,439 | ||||||
The Geo Group, Inc. | 6,775 | 191,055 | ||||||
UniFirst Corp. | 4,642 | 340,351 | ||||||
United Stationers, Inc. | 20,590 | 638,084 | ||||||
Viad Corp. | 10,302 | 279,802 | ||||||
4,195,525 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.2% | ||||||||
Bel Fuse, Inc. (Class B) | 5,456 | 106,665 | ||||||
Black Box Corp. | 8,503 | 206,963 | ||||||
Comtech Telecommunications Corp. | 9,083 | 230,527 | ||||||
Digi International, Inc. (a) | 13,203 | 125,032 | ||||||
Harmonic, Inc. (a) | 59,349 | 300,899 | ||||||
Oplink Communications, Inc. (a) | 5,892 | 91,797 | ||||||
PC-Tel, Inc. | 4,930 | 35,496 | ||||||
Symmetricom, Inc. (a) | 9,449 | 54,521 |
See accompanying notes to financial statements.
160
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
ViaSat, Inc. (a)(b) | 12,700 | $ | 494,030 | |||||
1,645,930 | ||||||||
COMPUTERS & PERIPHERALS — 0.6% | ||||||||
Avid Technology, Inc. (a) | 16,047 | 121,636 | ||||||
Intermec, Inc. (a) | 13,237 | 130,517 | ||||||
Intevac, Inc. (a) | 11,802 | 53,935 | ||||||
Super Micro Computer, Inc. (a)(b) | 13,424 | 136,925 | ||||||
Synaptics, Inc. (a) | 10,800 | 323,676 | ||||||
766,689 | ||||||||
CONSTRUCTION & ENGINEERING — 1.6% | ||||||||
Aegion Corp. (a)(b) | 10,877 | 241,361 | ||||||
Comfort Systems USA, Inc. | 18,894 | 229,751 | ||||||
Dycom Industries, Inc. (a) | 16,732 | 331,294 | ||||||
EMCOR Group, Inc. | 34,076 | 1,179,370 | ||||||
Orion Marine Group, Inc. (a) | 13,972 | 102,135 | ||||||
2,083,911 | ||||||||
CONSUMER FINANCE — 1.0% | ||||||||
Cash America International, Inc. | 14,900 | 591,083 | ||||||
Ezcorp, Inc. (Class A) (a) | 23,200 | 460,752 | ||||||
World Acceptance Corp. (a)(b) | 2,900 | 216,224 | ||||||
1,268,059 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Myers Industries, Inc. | 8,261 | 125,154 | ||||||
DISTRIBUTORS — 0.0% (c) | ||||||||
VOXX International Corp. (a) | 9,274 | 62,414 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.8% | ||||||||
Capella Education Co. (a) | 5,900 | 166,557 | ||||||
Career Education Corp. (a) | 27,198 | 95,737 | ||||||
Corinthian Colleges, Inc. (a)(b) | 40,010 | 97,624 | ||||||
Hillenbrand, Inc. | 17,619 | 398,366 | ||||||
ITT Educational Services, Inc. (a) | 8,000 | 138,480 | ||||||
Lincoln Educational Services Corp. | 11,704 | 65,425 | ||||||
Universal Technical Institute, Inc. | 11,090 | 111,344 | ||||||
1,073,533 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.2% | ||||||||
Interactive Brokers Group, Inc. (Class A) | 20,938 | 286,432 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.3% | ||||||||
Atlantic Tele-Network, Inc. | 2,500 | 91,775 | ||||||
Cbeyond, Inc. (a) | 15,536 | 140,446 | ||||||
General Communication, Inc. (Class A) (a) | 6,496 | 62,297 | ||||||
Lumos Networks Corp. | 4,064 | 40,721 | ||||||
Neutral Tandem, Inc. | 15,506 | 39,850 | ||||||
375,089 | ||||||||
ELECTRIC UTILITIES — 2.4% | ||||||||
ALLETE, Inc. | 17,938 | 735,099 | ||||||
El Paso Electric Co. | 20,546 | 655,623 | ||||||
UIL Holdings Corp. | 25,879 | 926,727 | ||||||
UNS Energy Corp. | 21,192 | 898,965 | ||||||
3,216,414 | ||||||||
ELECTRICAL EQUIPMENT — 1.4% | ||||||||
Belden, Inc. | 10,218 | 459,708 | ||||||
Brady Corp. (Class A) | 14,112 | 471,341 | ||||||
Encore Wire Corp. | 4,179 | 126,665 | ||||||
EnerSys (a) | 10,442 | 392,932 | ||||||
II-VI, Inc. (a) | 10,300 | 188,181 | ||||||
Powell Industries, Inc. (a) | 4,767 | 197,974 | ||||||
Vicor Corp. (a) | 10,090 | 54,688 | ||||||
1,891,489 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.5% | ||||||||
Agilysys, Inc. (a) | 4,140 | 34,652 | ||||||
Anixter International, Inc. | 13,704 | 876,782 | ||||||
Benchmark Electronics, Inc. (a) | 28,386 | 471,775 | ||||||
Checkpoint Systems, Inc. (a) | 20,824 | 223,650 | ||||||
Coherent, Inc. (a) | 4,800 | 242,976 | ||||||
CTS Corp. | 17,611 | 187,205 | ||||||
Daktronics, Inc. | 11,664 | 129,121 | ||||||
DTS, Inc. (a) | 6,000 | 100,200 | ||||||
Electro Scientific Industries, Inc. | 6,565 | 65,322 | ||||||
FARO Technologies, Inc. (a) | 3,800 | 135,584 | ||||||
Insight Enterprises, Inc. (a) | 22,958 | 398,780 | ||||||
Mercury Computer Systems, Inc. (a) | 16,476 | 151,579 | ||||||
Methode Electronics, Inc. (Class A) | 18,059 | 181,132 | ||||||
MTS Systems Corp. | 2,700 | 137,511 | ||||||
Newport Corp. (a) | 19,670 | 264,562 | ||||||
OSI Systems, Inc. (a) | 3,500 | 224,140 | ||||||
Park Electrochemical Corp. | 9,955 | 256,142 | ||||||
Plexus Corp. (a) | 18,120 | 467,496 | ||||||
RadiSys Corp. (a) | 11,676 | 34,794 | ||||||
Rofin-Sinar Technologies, Inc. (a)(b) | 8,252 | 178,903 | ||||||
Rogers Corp. (a) | 3,267 | 162,239 | ||||||
Scansource, Inc. (a) | 14,297 | 454,216 | ||||||
SYNNEX Corp. (a)(b) | 13,517 | 464,714 | ||||||
TTM Technologies, Inc. (a) | 16,118 | 148,286 | ||||||
5,991,761 | ||||||||
ENERGY EQUIPMENT & SERVICES — 3.4% | ||||||||
Basic Energy Services, Inc. (a) | 13,979 | 159,500 | ||||||
Bristow Group, Inc. | 18,401 | 987,398 | ||||||
Exterran Holdings, Inc. (a)(b) | 17,614 | 386,099 | ||||||
Gulf Island Fabrication, Inc. | 7,348 | 176,572 | ||||||
Hornbeck Offshore Services, Inc. (a) | 16,292 | 559,467 | ||||||
ION Geophysical Corp. (a)(b) | 33,849 | 220,357 | ||||||
Lufkin Industries, Inc. (b) | 8,300 | 482,479 | ||||||
Matrix Service Co. (a) | 13,232 | 152,168 | ||||||
Pioneer Energy Services Corp. (a) | 31,735 | 230,396 | ||||||
SEACOR Holdings, Inc. (a) | 10,100 | 846,380 | ||||||
Tetra Technologies, Inc. (a) | 39,930 | 303,069 | ||||||
4,503,885 | ||||||||
FOOD & STAPLES RETAILING — 1.3% | ||||||||
Casey’s General Stores, Inc. | 19,600 | 1,040,760 | ||||||
Nash Finch Co. | 6,214 | 132,234 | ||||||
Spartan Stores, Inc. | 11,205 | 172,109 | ||||||
The Andersons, Inc. | 8,902 | 381,896 | ||||||
1,726,999 | ||||||||
FOOD PRODUCTS — 2.3% | ||||||||
B&G Foods, Inc. | 10,282 | 291,084 | ||||||
Cal-Maine Foods, Inc. | 3,141 | 126,331 | ||||||
Calavo Growers, Inc. (b) | 3,692 | 93,075 | ||||||
Diamond Foods, Inc. (b) | 11,273 | 154,102 |
See accompanying notes to financial statements.
161
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
J&J Snack Foods Corp. | 3,400 | $ | 217,396 | |||||
Sanderson Farms, Inc. | 10,200 | 485,010 | ||||||
Seneca Foods Corp. (a) | 3,971 | 120,718 | ||||||
Snyders-Lance, Inc. | 24,613 | 593,420 | ||||||
TreeHouse Foods, Inc. (a) | 18,500 | 964,405 | ||||||
3,045,541 | ||||||||
GAS UTILITIES — 3.7% | ||||||||
New Jersey Resources Corp. (b) | 21,319 | 844,659 | ||||||
Northwest Natural Gas Co. | 13,794 | 609,695 | ||||||
Piedmont Natural Gas Co., Inc. | 36,882 | 1,154,775 | ||||||
South Jersey Industries, Inc. | 16,000 | 805,280 | ||||||
Southwest Gas Corp. | 23,653 | 1,003,124 | ||||||
The Laclede Group, Inc. (b) | 10,795 | 416,795 | ||||||
4,834,328 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.8% | ||||||||
ABIOMED, Inc. (a) | 6,800 | 91,528 | ||||||
CONMED Corp. | 14,618 | 408,573 | ||||||
CryoLife, Inc. | 7,913 | 49,298 | ||||||
Integra LifeSciences Holdings Corp. (a) | 4,896 | 190,797 | ||||||
Invacare Corp. | 14,858 | 242,185 | ||||||
Meridian Bioscience, Inc. (b) | 9,773 | 197,903 | ||||||
Merit Medical Systems, Inc. (a) | 12,846 | 178,559 | ||||||
Natus Medical, Inc. (a) | 5,709 | 63,827 | ||||||
NuVasive, Inc. (a) | 22,300 | 344,758 | ||||||
Palomar Medical Technologies, Inc. (a) | 5,285 | 48,675 | ||||||
SurModics, Inc. (a) | 2,746 | 61,401 | ||||||
Symmetry Medical, Inc. (a) | 18,638 | 196,072 | ||||||
West Pharmaceutical Services, Inc. | 6,057 | 331,621 | ||||||
2,405,197 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.9% | ||||||||
Almost Family, Inc. | 4,190 | 84,889 | ||||||
Amedisys, Inc. (a) | 15,647 | 176,342 | ||||||
AMN Healthcare Services, Inc. (a) | 9,528 | 110,048 | ||||||
AmSurg Corp. (a) | 16,197 | 486,072 | ||||||
Centene Corp. (a) | 26,500 | 1,086,500 | ||||||
Chemed Corp. | 3,900 | 267,501 | ||||||
Corvel Corp. (a) | 1,600 | 71,728 | ||||||
Cross Country Healthcare, Inc. (a) | 15,142 | 72,682 | ||||||
Gentiva Health Services, Inc. (a) | 14,638 | 147,112 | ||||||
Healthways, Inc. (a)(b) | 7,468 | 79,908 | ||||||
IPC The Hospitalist Co. (a) | 4,400 | 174,724 | ||||||
Kindred Healthcare, Inc. (a) | 27,222 | 294,542 | ||||||
LHC Group, Inc. (a) | 7,530 | 160,389 | ||||||
Magellan Health Services, Inc. (a) | 14,200 | 695,800 | ||||||
Molina Healthcare, Inc. (a) | 15,307 | 414,207 | ||||||
PharMerica Corp. (a) | 15,107 | 215,124 | ||||||
PSS World Medical, Inc. (a) | 14,199 | 410,067 | ||||||
The Ensign Group, Inc. | 9,000 | 244,710 | ||||||
5,192,345 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Computer Programs and Systems, Inc. | 2,000 | 100,680 | ||||||
Omnicell, Inc. (a) | 6,630 | 98,588 | ||||||
199,268 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.2% | ||||||||
Biglari Holdings, Inc. (a) | 620 | 241,812 | ||||||
BJ’s Restaurants, Inc. (a)(b) | 6,700 | 220,430 | ||||||
Boyd Gaming Corp. (a)(b) | 28,928 | 192,082 | ||||||
CEC Entertainment, Inc. | 8,600 | 285,434 | ||||||
Cracker Barrel Old Country Store, Inc. | 12,090 | 776,903 | ||||||
DineEquity, Inc. (a) | 4,700 | 314,900 | ||||||
Jack in the Box, Inc. (a) | 13,654 | 390,504 | ||||||
Marcus Corp. | 9,966 | 124,276 | ||||||
Marriott Vacations Worldwide Corp. (a) | 6,636 | 276,522 | ||||||
Monarch Casino & Resort, Inc. (a) | 4,845 | 52,859 | ||||||
Pinnacle Entertainment, Inc. (a) | 30,516 | 483,068 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 6,736 | 237,714 | ||||||
Ruby Tuesday, Inc. (a) | 30,880 | 242,717 | ||||||
Sonic Corp. (a) | 13,429 | 139,796 | ||||||
Texas Roadhouse, Inc. (Class A) | 13,792 | 231,706 | ||||||
4,210,723 | ||||||||
HOUSEHOLD DURABLES — 0.8% | ||||||||
American Greetings Corp. (Class A) (b) | 16,458 | 277,976 | ||||||
Blyth, Inc. (b) | 5,816 | 90,439 | ||||||
Helen of Troy, Ltd. (a) | 8,024 | 267,921 | ||||||
La-Z-Boy, Inc. | 10,976 | 155,310 | ||||||
Standard Pacific Corp. (a)(b) | 19,180 | 140,973 | ||||||
Universal Electronics, Inc. (a) | 7,580 | 146,673 | ||||||
1,079,292 | ||||||||
HOUSEHOLD PRODUCTS — 0.3% | ||||||||
Central Garden & Pet Co. (Class A) (a) | 21,436 | 224,006 | ||||||
WD-40 Co. | 3,300 | 155,463 | ||||||
379,469 | ||||||||
INSURANCE — 4.2% | ||||||||
AMERISAFE, Inc. (a) | 9,345 | 254,651 | ||||||
Employers Holdings, Inc. | 9,482 | 195,140 | ||||||
Horace Mann Educators Corp. | 20,088 | 400,957 | ||||||
Infinity Property & Casualty Corp. | 6,000 | 349,440 | ||||||
Meadowbrook Insurance Group, Inc. | 24,079 | 139,177 | ||||||
National Financial Partners Corp. (a)(b) | 20,589 | 352,895 | ||||||
ProAssurance Corp. | 31,400 | 1,324,766 | ||||||
RLI Corp. | 8,700 | 562,542 | ||||||
Safety Insurance Group, Inc. | 6,500 | 300,105 | ||||||
Selective Insurance Group, Inc. | 28,205 | 543,510 | ||||||
Stewart Information Services Corp. (b) | 9,176 | 238,576 | ||||||
The Navigators Group, Inc. (a) | 5,435 | 277,565 | ||||||
Tower Group, Inc. | 17,725 | 314,973 | ||||||
United Fire Group, Inc. | 11,208 | 244,783 | ||||||
5,499,080 | ||||||||
INTERNET & CATALOG RETAIL — 0.2% | ||||||||
Blue Nile, Inc. (a)(b) | 2,600 | 100,100 | ||||||
NutriSystem, Inc. | 15,177 | 124,300 | ||||||
PetMed Express, Inc. (b) | 5,714 | 63,425 | ||||||
287,825 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.9% | ||||||||
comScore, Inc. (a) | 8,800 | 121,264 | ||||||
Digital River, Inc. (a) | 18,306 | 263,423 | ||||||
j2 Global, Inc. | 9,500 | 290,510 | ||||||
LogMeIn, Inc. (a) | 7,400 | 165,834 | ||||||
QuinStreet, Inc. (a) | 13,198 | 88,691 |
See accompanying notes to financial statements.
162
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
United Online, Inc. | 46,639 | $ | 260,712 | |||||
1,190,434 | ||||||||
IT SERVICES — 1.4% | ||||||||
CACI International, Inc. (Class A) (a) | 11,700 | 643,851 | ||||||
Cardtronics, Inc. (a) | 10,474 | 248,652 | ||||||
CIBER, Inc. (a) | 34,212 | 114,268 | ||||||
CSG Systems International, Inc. (a) | 7,588 | 137,950 | ||||||
Forrester Research, Inc. | 4,300 | 115,240 | ||||||
Heartland Payment Systems, Inc. | 7,326 | 216,117 | ||||||
Higher One Holdings, Inc. (a)(b) | 10,000 | 105,400 | ||||||
TeleTech Holdings, Inc. (a) | 11,526 | 205,163 | ||||||
Virtusa Corp. (a) | 4,572 | 75,118 | ||||||
1,861,759 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Callaway Golf Co. (b) | 21,107 | 137,195 | ||||||
JAKKS Pacific, Inc. | 10,613 | 132,875 | ||||||
270,070 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.1% | ||||||||
Affymetrix, Inc. (a)(b) | 36,180 | 114,690 | ||||||
Enzo Biochem, Inc. (a)(b) | 7,394 | 19,964 | ||||||
134,654 | ||||||||
MACHINERY — 4.1% | ||||||||
Actuant Corp. (Class A) (b) | 11,937 | 333,162 | ||||||
Albany International Corp. (Class A) | 14,814 | 335,981 | ||||||
Astec Industries, Inc. | 10,755 | 358,464 | ||||||
Barnes Group, Inc. | 24,149 | 542,386 | ||||||
Briggs & Stratton Corp. (b) | 24,399 | 514,331 | ||||||
CIRCOR International, Inc. | 8,956 | 354,568 | ||||||
EnPro Industries, Inc. (a)(b) | 4,986 | 203,927 | ||||||
ESCO Technologies, Inc. | 7,227 | 270,362 | ||||||
Federal Signal Corp. (a) | 31,930 | 242,987 | ||||||
John Bean Technologies Corp. | 14,787 | 262,765 | ||||||
Kaydon Corp. | 10,548 | 252,414 | ||||||
Mueller Industries, Inc. | 5,286 | 264,459 | ||||||
Robbins & Myers, Inc. | 9,835 | 584,691 | ||||||
Tennant Co. | 5,584 | 245,417 | ||||||
Watts Water Technologies, Inc. (Class A) | 14,392 | 618,712 | ||||||
5,384,626 | ||||||||
MEDIA — 1.0% | ||||||||
Arbitron, Inc. | 6,700 | 312,756 | ||||||
Digital Generation, Inc. (a)(b) | 6,546 | 71,090 | ||||||
Harte-Hanks, Inc. | 22,159 | 130,738 | ||||||
Live Nation Entertainment, Inc. (a) | 72,499 | 674,966 | ||||||
The E.W. Scripps Co. (Class A) (a) | 14,613 | 157,966 | ||||||
1,347,516 | ||||||||
METALS & MINING — 2.1% | ||||||||
A.M. Castle & Co. (a)(b) | 8,501 | 125,560 | ||||||
AK Steel Holding Corp. (b) | 41,780 | 192,188 | ||||||
AMCOL International Corp. (b) | 8,304 | 254,767 | ||||||
Century Aluminum Co. (a)(b) | 26,391 | 231,185 | ||||||
Haynes International, Inc. | 6,269 | 325,173 | ||||||
Kaiser Aluminum Corp. (b) | 8,645 | 533,310 | ||||||
Materion Corp. | 10,376 | 267,493 | ||||||
Olympic Steel, Inc. (b) | 4,702 | 104,102 | ||||||
RTI International Metals, Inc. (a)(b) | 15,717 | 433,161 | ||||||
Stillwater Mining Co. (a) | 23,980 | 306,464 | ||||||
2,773,403 | ||||||||
MULTI-UTILITIES — 1.3% | ||||||||
Avista Corp. | 30,662 | 739,261 | ||||||
CH Energy Group, Inc. | 4,372 | 285,142 | ||||||
NorthWestern Corp. | 19,030 | 660,912 | ||||||
1,685,315 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Fred’s, Inc. (Class A) | 17,291 | 230,143 | ||||||
OIL, GAS & CONSUMABLE FUELS — 2.1% | ||||||||
Approach Resources, Inc. (a) | 7,800 | 195,078 | ||||||
Carrizo Oil & Gas, Inc. (a)(b) | 8,402 | 175,770 | ||||||
Cloud Peak Energy, Inc. (a) | 31,348 | 605,957 | ||||||
Comstock Resources, Inc. (a)(b) | 13,816 | 209,036 | ||||||
Contango Oil & Gas Co. | 6,500 | 275,340 | ||||||
PDC Energy, Inc. (a) | 9,660 | 320,809 | ||||||
Penn Virginia Corp. (b) | 27,916 | 123,109 | ||||||
PetroQuest Energy, Inc. (a) | 13,046 | 64,578 | ||||||
Stone Energy Corp. (a) | 25,329 | 519,751 | ||||||
Swift Energy Co. (a) | 21,860 | 336,425 | ||||||
2,825,853 | ||||||||
PAPER & FOREST PRODUCTS — 1.9% | ||||||||
Buckeye Technologies, Inc. | 19,782 | 567,941 | ||||||
Clearwater Paper Corp. (a) | 11,880 | 465,221 | ||||||
KapStone Paper and Packaging Corp. | 19,692 | 436,966 | ||||||
Neenah Paper, Inc. | 3,420 | 97,367 | ||||||
P.H. Glatfelter Co. | 21,976 | 384,140 | ||||||
Schweitzer-Mauduit International, Inc. | 9,500 | 370,785 | ||||||
Wausau Paper Corp. | 23,827 | 206,342 | ||||||
2,528,762 | ||||||||
PHARMACEUTICALS — 0.2% | ||||||||
Hi-Tech Pharmacal Co., Inc. (a)(b) | 5,700 | 199,386 | ||||||
PROFESSIONAL SERVICES — 1.7% | ||||||||
CDI Corp. (b) | 7,105 | 121,709 | ||||||
Exponent, Inc. (a) | 3,000 | 167,490 | ||||||
Heidrick & Struggles International, Inc. | 8,420 | 128,489 | ||||||
Insperity, Inc. | 11,408 | 371,444 | ||||||
Kelly Services, Inc. (Class A) | 13,751 | 216,441 | ||||||
Korn/Ferry International (a) | 24,640 | 390,790 | ||||||
Navigant Consulting, Inc. (a) | 26,474 | 295,450 | ||||||
Resources Connection, Inc. | 8,682 | 103,663 | ||||||
The Dolan Co. (a) | 14,800 | 57,572 | ||||||
TrueBlue, Inc. (a) | 20,838 | 328,199 | ||||||
2,181,247 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 8.6% | ||||||||
Acadia Realty Trust | 11,137 | 279,316 | ||||||
Cedar Realty Trust, Inc. (b) | 15,710 | 82,949 | ||||||
Colonial Properties Trust | 25,437 | 543,589 | ||||||
Cousins Properties, Inc. | 22,268 | 185,938 | ||||||
DiamondRock Hospitality Co. | 100,124 | 901,116 | ||||||
EastGroup Properties, Inc. | 6,800 | 365,908 | ||||||
EPR Properties | 24,008 | 1,107,009 | ||||||
Franklin Street Properties Corp. | 36,933 | 454,645 | ||||||
Getty Realty Corp. (b) | 7,984 | 144,191 | ||||||
Government Properties Income Trust | 13,724 | 328,964 | ||||||
Healthcare Realty Trust, Inc. | 20,531 | 492,949 |
See accompanying notes to financial statements.
163
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Inland Real Estate Corp. | 20,295 | $ | 170,072 | |||||
Kilroy Realty Corp. | 20,206 | 957,158 | ||||||
Kite Realty Group Trust | 36,529 | 204,197 | ||||||
LaSalle Hotel Properties | 48,480 | 1,230,907 | ||||||
Lexington Realty Trust (b) | 45,151 | 471,828 | ||||||
LTC Properties, Inc. | 7,972 | 280,535 | ||||||
Medical Properties Trust, Inc. (b) | 37,505 | 448,560 | ||||||
Mid-America Apartment Communities, Inc. | 11,000 | 712,250 | ||||||
Parkway Properties, Inc. | 10,098 | 141,271 | ||||||
Pennsylvania Real Estate Investment Trust | 10,815 | 190,777 | ||||||
PS Business Parks, Inc. | 4,100 | 266,418 | ||||||
Saul Centers, Inc. | 2,584 | 110,569 | ||||||
Sovran Self Storage, Inc. | 5,748 | 356,951 | ||||||
Tanger Factory Outlet Centers, Inc. | 21,142 | 723,057 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 6,805 | 133,922 | ||||||
11,285,046 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2% | ||||||||
Forestar Group, Inc. (a) | 17,770 | 307,954 | ||||||
ROAD & RAIL — 0.4% | ||||||||
Arkansas Best Corp. (b) | 11,934 | 113,970 | ||||||
Heartland Express, Inc. (b) | 12,490 | 163,244 | ||||||
Knight Transportation, Inc. | 15,115 | 221,132 | ||||||
498,346 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.5% | ||||||||
ATMI, Inc. (a) | 8,164 | 170,464 | ||||||
Brooks Automation, Inc. | 33,964 | 273,410 | ||||||
Cabot Microelectronics Corp. (a)(b) | 5,900 | 209,509 | ||||||
CEVA, Inc. (a) | 7,000 | 110,250 | ||||||
Cohu, Inc. | 11,667 | 126,470 | ||||||
Diodes, Inc. (a) | 7,198 | 124,885 | ||||||
DSP Group, Inc. (a) | 11,666 | 67,196 | ||||||
GT Advanced Technologies, Inc. (a) | 61,000 | 184,220 | ||||||
Kopin Corp. (a) | 20,240 | 67,399 | ||||||
Micrel, Inc. (b) | 12,796 | 121,562 | ||||||
MKS Instruments, Inc. | 13,776 | 355,145 | ||||||
Pericom Semiconductor Corp. (a) | 11,011 | 88,418 | ||||||
Power Integrations, Inc. | 7,400 | 248,714 | ||||||
Rubicon Technology, Inc. (a) | 8,800 | 53,768 | ||||||
Sigma Designs, Inc. (a) | 10,623 | 54,709 | ||||||
STR Holdings, Inc. (a) | 19,824 | 49,957 | ||||||
Supertex, Inc. | 5,339 | 93,700 | ||||||
Tessera Technologies, Inc. | 26,808 | 440,188 | ||||||
TriQuint Semiconductor, Inc. (a) | 85,182 | 412,281 | ||||||
Volterra Semiconductor Corp. (a) | 4,500 | 77,265 | ||||||
3,329,510 | ||||||||
SOFTWARE — 1.6% | ||||||||
Blackbaud, Inc. | 11,800 | 269,394 | ||||||
Bottomline Technologies, Inc. (a) | 8,280 | 218,509 | ||||||
Ebix, Inc. (b) | 8,400 | 134,988 | ||||||
EPIQ Systems, Inc. | 16,387 | 209,426 | ||||||
MicroStrategy, Inc. (a) | 2,000 | 186,760 | ||||||
Monotype Imaging Holdings, Inc. | 7,607 | 121,560 | ||||||
Progress Software Corp. (a) | 19,618 | 411,782 | ||||||
Quality Systems, Inc. | 10,800 | 187,488 | ||||||
Synchronoss Technologies, Inc. (a) | 7,100 | 149,739 | ||||||
Take-Two Interactive Software, Inc. (a) | 21,814 | 240,172 | ||||||
2,129,818 | ||||||||
SPECIALTY RETAIL — 5.4% | ||||||||
Big 5 Sporting Goods Corp. | 8,653 | 113,354 | ||||||
Brown Shoe Co., Inc. (b) | 11,024 | 202,511 | ||||||
Christopher & Banks Corp. (a) | 8,305 | 45,262 | ||||||
Coldwater Creek, Inc. (a)(b) | 4,654 | 22,386 | ||||||
Genesco, Inc. (a) | 12,400 | 682,000 | ||||||
Group 1 Automotive, Inc. (b) | 10,967 | 679,844 | ||||||
Haverty Furniture Cos., Inc. | 5,770 | 94,109 | ||||||
Hot Topic, Inc. (b) | 13,395 | 129,262 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 14,300 | 608,894 | ||||||
Kirkland’s, Inc. (a) | 7,714 | 81,691 | ||||||
Lithia Motors, Inc. (Class A) | 5,269 | 197,166 | ||||||
MarineMax, Inc. (a) | 12,472 | 111,500 | ||||||
Monro Muffler Brake, Inc. | 8,700 | 304,239 | ||||||
OfficeMax, Inc. | 44,474 | 434,066 | ||||||
Pep Boys-Manny, Moe & Jack | 27,572 | 271,033 | ||||||
Sonic Automotive, Inc. (Class A) (b) | 18,793 | 392,586 | ||||||
Stage Stores, Inc. | 6,173 | 152,967 | ||||||
Stein Mart, Inc. | 14,735 | 111,102 | ||||||
The Buckle, Inc. | 5,300 | 236,592 | ||||||
The Cato Corp. (Class A) | 13,767 | 377,629 | ||||||
The Children’s Place Retail Stores, Inc. (a) | 12,100 | 535,909 | ||||||
The Finish Line, Inc. (Class A) | 26,057 | 493,259 | ||||||
The Men’s Wearhouse, Inc. | 24,444 | 761,675 | ||||||
Zale Corp. (a)(b) | 7,030 | 28,893 | ||||||
Zumiez, Inc. (a) | 4,090 | 79,387 | ||||||
7,147,316 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 2.2% | ||||||||
Crocs, Inc. (a) | 17,746 | 255,365 | ||||||
Fifth & Pacific Cos, Inc. (a) | 30,771 | 383,099 | ||||||
Iconix Brand Group, Inc. (a) | 18,218 | 406,626 | ||||||
K-Swiss, Inc. (Class A) (a) | 13,360 | 44,890 | ||||||
Maidenform Brands, Inc. (a) | 12,086 | 235,556 | ||||||
Perry Ellis International, Inc. | 6,097 | 121,330 | ||||||
Quiksilver, Inc. (a) | 63,956 | 271,813 | ||||||
Skechers U.S.A., Inc. (a) | 19,545 | 361,582 | ||||||
True Religion Apparel, Inc. | 12,400 | 315,208 | ||||||
Wolverine World Wide, Inc. (b) | 11,000 | 450,780 | ||||||
2,846,249 | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.2% | ||||||||
Bank Mutual Corp. | 22,777 | 97,941 | ||||||
Brookline Bancorp, Inc. | 14,018 | 119,153 | ||||||
Dime Community Bancshares | 6,544 | 90,896 | ||||||
Northwest Bancshares, Inc. | 50,294 | 610,570 | ||||||
Provident Financial Services, Inc. | 27,626 | 412,180 | ||||||
TrustCo Bank Corp. NY (b) | 48,272 | 254,876 | ||||||
1,585,616 | ||||||||
TOBACCO — 0.1% | ||||||||
Alliance One International, Inc. (a)(b) | 42,210 | 153,644 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.6% | ||||||||
Applied Industrial Technologies, Inc. | 10,945 | 459,800 |
See accompanying notes to financial statements.
164
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Kaman Corp. (b) | 8,463 | $ | 311,438 | |||||
771,238 | ||||||||
WATER UTILITIES — 0.2% | ||||||||
American States Water Co. | 4,300 | 206,314 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.2% | ||||||||
NTELOS Holdings Corp. | 8,024 | 105,195 | ||||||
USA Mobility, Inc. | 11,365 | 132,743 | ||||||
237,938 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $133,863,503) | 131,491,693 | |||||||
SHORT TERM INVESTMENTS — 7.7% | ||||||||
MONEY MARKET FUNDS — 7.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 8,487,941 | 8,487,941 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 1,662,465 | 1,662,465 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $10,150,406) | 10,150,406 | |||||||
TOTAL INVESTMENTS — 107.4% (g) | ||||||||
(Cost $144,013,909) | 141,642,099 | |||||||
OTHER ASSETS & LIABILITIES — (7.4)% | (9,805,729 | ) | ||||||
NET ASSETS — 100.0% | $ | 131,836,370 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
165
SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AUSTRALIA — 1.4% | ||||||||
BHP Billiton, Ltd. | 16,917 | $ | 651,595 | |||||
National Australia Bank, Ltd. | 22,044 | 572,152 | ||||||
1,223,747 | ||||||||
BELGIUM — 0.7% | ||||||||
Anheuser-Busch InBev NV | 6,874 | 595,781 | ||||||
BRAZIL — 1.8% | ||||||||
Cia Energetica de Minas Gerais | 44,419 | 490,290 | ||||||
Petroleo Brasileiro SA ADR | 24,889 | 480,358 | ||||||
Petroleo Brasileiro SA Preference Shares | 1,500 | 14,301 | ||||||
Vale SA Preference Shares | 31,677 | 632,302 | ||||||
1,617,251 | ||||||||
CANADA — 1.9% | ||||||||
Canadian Oil Sands, Ltd. | 25,944 | 525,550 | ||||||
Potash Corp. of Saskatchewan, Inc. (a) | 13,687 | 556,442 | ||||||
Royal Bank of Canada (a) | 10,148 | 610,287 | ||||||
1,692,279 | ||||||||
CHINA — 3.2% | ||||||||
China Construction Bank Corp. | 900,347 | 722,522 | ||||||
China Petroleum & Chemical Corp. | 633,299 | 717,388 | ||||||
Industrial & Commercial Bank of China | 1,049,254 | 744,550 | ||||||
PetroChina Co., Ltd. | 475,487 | 673,584 | ||||||
2,858,044 | ||||||||
DENMARK — 0.6% | ||||||||
Vestas Wind Systems A/S (a)(b) | 96,806 | 545,005 | ||||||
FINLAND — 0.7% | ||||||||
Sampo Oyj (Class A) | 18,897 | 606,402 | ||||||
FRANCE — 6.3% | ||||||||
BNP Paribas | 11,720 | 658,008 | ||||||
Carrefour SA | 26,697 | 680,892 | ||||||
Compagnie de Saint-Gobain | 15,787 | 670,614 | ||||||
GDF Suez | 22,993 | 472,140 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 3,650 | 667,928 | ||||||
Societe Generale (b) | 18,769 | 701,275 | ||||||
Total SA | 10,972 | 564,299 | ||||||
Veolia Environnement SA | 48,063 | 580,118 | ||||||
Vinci SA | 12,651 | 599,780 | ||||||
5,595,054 | ||||||||
GERMANY — 4.7% | ||||||||
Allianz SE | 4,758 | 657,405 | ||||||
BASF SE | 6,900 | 647,249 | ||||||
Daimler AG | 11,626 | 633,341 | ||||||
Deutsche Bank AG | 13,931 | 605,181 | ||||||
E.ON SE | 22,976 | 426,808 | ||||||
SAP AG | 8,242 | 659,473 | ||||||
Siemens AG | 5,726 | 620,541 | ||||||
4,249,998 | ||||||||
HONG KONG — 3.3% | ||||||||
China Mobile, Ltd. | 55,547 | 646,783 | ||||||
China Unicom (Hong Kong), Ltd. (a) | 347,372 | 556,630 | ||||||
CLP Holdings, Ltd. | 70,286 | 588,071 | ||||||
Esprit Holdings, Ltd. (a) | 382,079 | 529,429 | ||||||
Hutchison Whampoa, Ltd. | 61,693 | 643,925 | ||||||
2,964,838 | ||||||||
INDIA — 2.8% | ||||||||
Bharti Airtel, Ltd. | 127,198 | 736,165 | ||||||
Infosys Technologies, Ltd. ADR | 12,565 | 531,499 | ||||||
Reliance Industries, Ltd. | 11,321 | 172,956 | ||||||
Reliance Industries, Ltd. GDR (c) | 14,430 | 440,404 | ||||||
Tata Steel, Ltd. GDR | 82,826 | 658,467 | ||||||
2,539,491 | ||||||||
ITALY — 1.4% | ||||||||
Assicurazioni Generali SpA | 36,081 | 653,601 | ||||||
UniCredit SpA (a)(b) | 121,392 | 593,120 | ||||||
1,246,721 | ||||||||
JAPAN — 10.8% | ||||||||
Bridgestone Corp. | 23,571 | 606,279 | ||||||
Canon, Inc. (a) | 16,697 | 644,978 | ||||||
Honda Motor Co., Ltd. | 17,089 | 621,580 | ||||||
Komatsu, Ltd. | 28,285 | 714,444 | ||||||
Mitsubishi Corp. | 30,955 | 589,636 | ||||||
Mitsubishi UFJ Financial Group, Inc. (a) | 121,539 | 648,002 | ||||||
Mitsui & Co., Ltd. | 40,175 | 596,132 | ||||||
Mizuho Financial Group, Inc. | 342,371 | 621,665 | ||||||
Nintendo Co., Ltd. | 4,956 | 525,606 | ||||||
Nippon Steel Corp. | 271,067 | 658,348 | ||||||
Panasonic Corp. (a) | 82,002 | 495,056 | ||||||
Seven & I Holdings Co., Ltd. | 18,820 | 530,438 | ||||||
Sony Corp. | 47,904 | 530,759 | ||||||
Takeda Pharmaceutical Co., Ltd. | 12,289 | 547,899 | ||||||
Toshiba Corp. | 177,523 | 691,901 | ||||||
Toyota Motor Corp. | 14,164 | 656,067 | ||||||
9,678,790 | ||||||||
LUXEMBOURG — 0.7% | ||||||||
ArcelorMittal | 36,590 | 623,988 | ||||||
MEXICO — 0.6% | ||||||||
America Movil SAB de CV (a) | 463,826 | 532,189 | ||||||
NETHERLANDS ANTILLES — 0.6% | ||||||||
Schlumberger, Ltd. | 7,661 | 530,831 | ||||||
PORTUGAL — 0.7% | ||||||||
EDP — Energias de Portugal SA | 203,023 | 612,954 | ||||||
RUSSIA — 0.6% | ||||||||
Gazprom OAO ADR | 57,646 | 545,331 | ||||||
SOUTH KOREA — 1.5% | ||||||||
LG Electronics, Inc. (a)(b) | 8,867 | 609,589 | ||||||
Samsung Electronics Co., Ltd. GDR | 994 | 700,770 | ||||||
1,310,359 | ||||||||
SPAIN — 2.0% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 69,986 | 642,196 | ||||||
Banco Santander SA | 74,997 | 603,144 | ||||||
Telefonica SA | 39,655 | 532,745 | ||||||
1,778,085 | ||||||||
SWEDEN — 0.7% | ||||||||
Telefonaktiebolaget LM Ericsson (Class B) | 61,630 | 616,731 | ||||||
See accompanying notes to financial statements.
166
SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
SWITZERLAND — 4.2% | ||||||||
ABB, Ltd. (b) | 30,017 | $ | 614,867 | |||||
Credit Suisse Group AG (b) | 25,975 | 631,675 | ||||||
Nestle SA | 9,276 | 603,976 | ||||||
Novartis AG | 9,802 | 615,202 | ||||||
Roche Holding AG | 3,109 | 624,959 | ||||||
UBS AG (b) | 45,227 | 705,074 | ||||||
3,795,753 | ||||||||
TAIWAN — 0.8% | ||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 40,447 | 694,071 | ||||||
UNITED KINGDOM — 7.2% | ||||||||
Anglo American PLC | 18,806 | 578,980 | ||||||
AstraZeneca PLC | 12,349 | 584,033 | ||||||
BAE Systems PLC | 106,601 | 583,781 | ||||||
BP PLC | 80,797 | 557,914 | ||||||
GlaxoSmithKline PLC | 24,967 | 541,795 | ||||||
HSBC Holdings PLC | 63,262 | 665,223 | ||||||
National Grid PLC | 52,403 | 598,823 | ||||||
Rio Tinto PLC | 11,678 | 666,574 | ||||||
Royal Dutch Shell PLC (Class A) | 16,371 | 560,632 | ||||||
Tesco PLC | 105,055 | 573,777 | ||||||
Vodafone Group PLC | 202,613 | 508,677 | ||||||
6,420,209 | ||||||||
UNITED STATES — 40.3% | ||||||||
3M Co. | 6,286 | 583,655 | ||||||
Abbott Laboratories | 8,377 | 548,693 | ||||||
Alcoa, Inc. | 60,135 | 521,972 | ||||||
Amazon.com, Inc. (b) | 2,218 | 557,028 | ||||||
American Express Co. | 9,806 | 563,649 | ||||||
Amgen, Inc. | 6,946 | 599,579 | ||||||
Apple, Inc. | 866 | 461,604 | ||||||
AT&T, Inc. | 15,188 | 511,987 | ||||||
Bank of America Corp. | 61,626 | 714,862 | ||||||
Baxter International, Inc. | 9,547 | 636,403 | ||||||
Carnival Corp. | 15,329 | 563,647 | ||||||
Caterpillar, Inc. | 6,457 | 578,418 | ||||||
Chevron Corp. | 4,954 | 535,726 | ||||||
Cisco Systems, Inc. | 29,901 | 587,555 | ||||||
Colgate-Palmolive Co. | 5,524 | 577,479 | ||||||
ConocoPhillips | 10,060 | 583,379 | ||||||
Deere & Co. | 7,221 | 624,039 | ||||||
E. I. du Pont de Nemours & Co. | 11,310 | 508,611 | ||||||
eBay, Inc. (b) | 11,854 | 604,791 | ||||||
Express Scripts Holding Co. (b) | 9,188 | 496,152 | ||||||
Exxon Mobil Corp. | 6,347 | 549,333 | ||||||
FedEx Corp. | 6,412 | 588,109 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 13,856 | 473,875 | ||||||
General Electric Co. | 26,316 | 552,373 | ||||||
Gilead Sciences, Inc. (b) | 9,690 | 711,730 | ||||||
Google, Inc. (Class A) (b) | 836 | 593,033 | ||||||
Hewlett-Packard Co. | 31,745 | 452,366 | ||||||
Honeywell International, Inc. | 9,489 | 602,267 | ||||||
Intel Corp. | 24,764 | 510,881 | ||||||
International Business Machines Corp. | 2,801 | 536,532 | ||||||
Johnson & Johnson | 8,491 | 595,219 | ||||||
JPMorgan Chase & Co. | 13,995 | 615,360 | ||||||
McDonald’s Corp. | 6,322 | 557,664 | ||||||
Medtronic, Inc. | 13,679 | 561,113 | ||||||
Merck & Co., Inc. | 12,983 | 531,524 | ||||||
Microsoft Corp. | 18,711 | 500,145 | ||||||
Mondelez International, Inc. (Class A) | 14,442 | 367,838 | ||||||
Monsanto Co. | 6,447 | 610,209 | ||||||
News Corp. (Class A) | 23,757 | 606,754 | ||||||
NIKE, Inc. (Class B) | 11,682 | 602,791 | ||||||
Pfizer, Inc. | 23,892 | 599,211 | ||||||
Philip Morris International, Inc. | 6,428 | 537,638 | ||||||
QUALCOMM, Inc. | 9,049 | 561,219 | ||||||
Southwest Airlines Co. | 63,566 | 650,916 | ||||||
Starbucks Corp. | 11,208 | 600,973 | ||||||
The Bank of New York Mellon Corp. | 24,685 | 634,404 | ||||||
The Boeing Co. | 8,090 | 609,662 | ||||||
The Coca-Cola Co. | 15,104 | 547,520 | ||||||
The Goldman Sachs Group, Inc. | 4,810 | 613,564 | ||||||
The Home Depot, Inc. | 9,941 | 614,851 | ||||||
The NASDAQ OMX Group, Inc. | 23,949 | 598,964 | ||||||
The Procter & Gamble Co. | 8,386 | 569,325 | ||||||
The Travelers Cos., Inc. | 8,446 | 606,592 | ||||||
The Walt Disney Co. | 11,011 | 548,238 | ||||||
The Williams Cos., Inc. | 16,689 | 546,398 | ||||||
Time Warner, Inc. | 13,048 | 624,086 | ||||||
United Parcel Service, Inc. (Class B) | 7,764 | 572,440 | ||||||
United Technologies Corp. | 7,206 | 590,964 | ||||||
UnitedHealth Group, Inc. | 10,731 | 582,049 | ||||||
Verizon Communications, Inc. | 12,704 | 549,702 | ||||||
Visa, Inc. (Class A) | 4,305 | 652,552 | ||||||
Wal-Mart Stores, Inc. | 7,719 | 526,667 | ||||||
Wells Fargo & Co. | 16,295 | 556,963 | ||||||
35,973,243 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $97,097,242) | 88,847,145 | |||||||
SHORT TERM INVESTMENTS — 3.2% | ||||||||
MONEY MARKET FUNDS — 3.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 2,212,771 | 2,212,771 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 602,721 | 602,721 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $2,815,492) | 2,815,492 | |||||||
TOTAL INVESTMENTS — 102.7% (g) | ||||||||
(Cost $99,912,734) | 91,662,637 | |||||||
OTHER ASSETS & LIABILITIES — (2.7)% | (2,412,574 | ) | ||||||
NET ASSETS — 100.0% | $ | 89,250,063 | ||||||
See accompanying notes to financial statements.
167
SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.5% of net assets as of December 31, 2012, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(d) | Investment of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
168
SPDR Dow Jones REIT ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
DIVERSIFIED REITS — 5.6% | ||||||||
Colonial Properties Trust | 378,123 | $ | 8,080,489 | |||||
Cousins Properties, Inc. | 412,910 | 3,447,798 | ||||||
Liberty Property Trust | 539,822 | 19,309,433 | ||||||
PS Business Parks, Inc. | 82,085 | 5,333,883 | ||||||
Vornado Realty Trust | 773,417 | 61,935,233 | ||||||
Washington Real Estate Investment Trust (a) | 302,771 | 7,917,462 | ||||||
106,024,298 | ||||||||
INDUSTRIAL REITS — 5.7% | ||||||||
DCT Industrial Trust, Inc. (a) | 1,229,186 | 7,977,417 | ||||||
DuPont Fabros Technology, Inc. | 288,573 | 6,971,924 | ||||||
EastGroup Properties, Inc. | 136,166 | 7,327,092 | ||||||
First Industrial Realty Trust, Inc. (a)(b) | 408,117 | 5,746,287 | ||||||
First Potomac Realty Trust (a) | 238,299 | 2,945,376 | ||||||
ProLogis | 2,104,348 | 76,787,659 | ||||||
107,755,755 | ||||||||
OFFICE REITS — 15.3% | ||||||||
Alexandria Real Estate Equities, Inc. | 290,792 | 20,157,701 | ||||||
BioMed Realty Trust, Inc. (a) | 704,559 | 13,619,126 | ||||||
Boston Properties, Inc. | 688,831 | 72,885,208 | ||||||
Brandywine Realty Trust (a) | 654,949 | 7,983,828 | ||||||
CommonWealth REIT | 382,046 | 6,051,609 | ||||||
Corporate Office Properties Trust | 368,897 | 9,215,047 | ||||||
Digital Realty Trust, Inc. (a) | 563,201 | 38,235,716 | ||||||
Douglas Emmett, Inc. | 597,608 | 13,924,266 | ||||||
Duke Realty Corp. | 1,255,702 | 17,416,587 | ||||||
Franklin Street Properties Corp. (a) | 328,961 | 4,049,510 | ||||||
Highwoods Properties, Inc. (a) | 358,581 | 11,994,534 | ||||||
Kilroy Realty Corp. (a) | 340,541 | 16,131,427 | ||||||
Mack-Cali Realty Corp. | 379,264 | 9,902,583 | ||||||
Parkway Properties, Inc. (a) | 154,716 | 2,164,477 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) | 766,341 | 13,832,455 | ||||||
SL Green Realty Corp. | 412,572 | 31,623,644 | ||||||
289,187,718 | ||||||||
RESIDENTIAL REITS — 18.6% | ||||||||
American Campus Communities, Inc. | 477,701 | 22,036,347 | ||||||
Apartment Investment & Management Co. (Class A) | 664,464 | 17,980,396 | ||||||
AvalonBay Communities, Inc. | 522,239 | 70,810,386 | ||||||
BRE Properties, Inc. | 350,854 | 17,833,909 | ||||||
Camden Property Trust | 384,024 | 26,194,277 | ||||||
Education Realty Trust, Inc. | 516,878 | 5,499,582 | ||||||
Equity Lifestyle Properties, Inc. | 177,780 | 11,962,816 | ||||||
Equity Residential | 1,468,920 | 83,243,696 | ||||||
Essex Property Trust, Inc. | 166,751 | 24,454,034 | ||||||
Home Properties, Inc. | 233,963 | 14,344,272 | ||||||
Mid-America Apartment Communities, Inc. | 192,954 | 12,493,772 | ||||||
Post Properties, Inc. | 248,423 | 12,408,729 | ||||||
Sun Communities, Inc. (a) | 124,678 | 4,973,405 | ||||||
UDR, Inc. | 1,142,026 | 27,157,378 | ||||||
351,392,999 | ||||||||
RETAIL REITS — 26.8% | ||||||||
Acadia Realty Trust (a) | 231,333 | 5,801,832 | ||||||
CBL & Associates Properties, Inc. | 735,175 | 15,593,062 | ||||||
Cedar Realty Trust, Inc. (a) | 254,025 | 1,341,252 | ||||||
DDR Corp. (a) | 1,103,159 | 17,275,470 | ||||||
Equity One, Inc. | 281,710 | 5,918,727 | ||||||
Federal Realty Investment Trust | 295,100 | 30,696,302 | ||||||
General Growth Properties, Inc. | 2,057,590 | 40,843,162 | ||||||
Glimcher Realty Trust | 648,422 | 7,191,000 | ||||||
Inland Real Estate Corp. | 362,251 | 3,035,663 | ||||||
Kimco Realty Corp. (a) | 1,861,021 | 35,954,926 | ||||||
Kite Realty Group Trust | 333,610 | 1,864,880 | ||||||
Pennsylvania Real Estate Investment Trust | 239,875 | 4,231,395 | ||||||
Ramco-Gershenson Properties Trust | 218,214 | 2,904,428 | ||||||
Regency Centers Corp. | 412,693 | 19,446,094 | ||||||
Rouse Properties, Inc. (a) | 106,410 | 1,800,457 | ||||||
Saul Centers, Inc. | 59,359 | 2,539,972 | ||||||
Simon Property Group, Inc. | 1,412,339 | 223,276,673 | ||||||
Tanger Factory Outlet Centers, Inc. | 428,727 | 14,662,463 | ||||||
Taubman Centers, Inc. | 281,672 | 22,173,220 | ||||||
The Macerich Co. | 623,708 | 36,362,176 | ||||||
Weingarten Realty Investors (a) | 509,774 | 13,646,650 | ||||||
506,559,804 | ||||||||
SPECIALIZED REITS — 27.7% | ||||||||
Ashford Hospitality Trust, Inc. (a) | 282,723 | 2,971,419 | ||||||
CubeSmart | 543,114 | 7,913,171 | ||||||
DiamondRock Hospitality Co. | 890,991 | 8,018,919 | ||||||
Extra Space Storage, Inc. | 467,620 | 17,016,692 | ||||||
FelCor Lodging Trust, Inc. (b) | 517,891 | 2,418,551 | ||||||
HCP, Inc. | 2,063,929 | 93,248,312 | ||||||
Health Care REIT, Inc. | 1,185,630 | 72,667,263 | ||||||
Healthcare Realty Trust, Inc. (a) | 398,235 | 9,561,622 | ||||||
Hersha Hospitality Trust | 787,391 | 3,936,955 | ||||||
Hospitality Properties Trust | 564,466 | 13,219,794 | ||||||
Host Hotels & Resorts, Inc. | 3,308,961 | 51,851,419 | ||||||
LaSalle Hotel Properties | 430,402 | 10,927,907 | ||||||
LTC Properties, Inc. | 139,073 | 4,893,979 | ||||||
Pebblebrook Hotel Trust (a) | 277,493 | 6,410,088 | ||||||
Public Storage | 658,318 | 95,429,777 | ||||||
Senior Housing Properties Trust | 806,086 | 19,055,873 | ||||||
Sovran Self Storage, Inc. | 138,915 | 8,626,621 | ||||||
Sunstone Hotel Investors, Inc. (b) | 623,536 | 6,678,070 | ||||||
Universal Health Realty Income Trust | 57,875 | 2,929,054 | ||||||
Ventas, Inc. | 1,349,401 | 87,333,233 | ||||||
525,108,719 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,707,566,815) | 1,886,029,293 | |||||||
SHORT TERM INVESTMENTS — 4.4% | ||||||||
MONEY MARKET FUNDS — 4.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 63,370,606 | 63,370,606 |
See accompanying notes to financial statements.
169
SPDR Dow Jones REIT ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 20,093,937 | $ | 20,093,937 | |||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $83,464,543) | �� | 83,464,543 | ||||||
TOTAL INVESTMENTS — 104.1% (f) | ||||||||
(Cost $1,791,031,358) | 1,969,493,836 | |||||||
OTHER ASSETS & LIABILITIES — (4.1)% | (77,322,733 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,892,171,103 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
170
SPDR S&P Bank ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
ASSET MANAGEMENT & CUSTODY BANKS — 5.1% | ||||||||
Northern Trust Corp. | 870,530 | $ | 43,665,784 | |||||
The Bank of New York Mellon Corp. | 1,659,274 | 42,643,342 | ||||||
86,309,126 | ||||||||
DIVERSIFIED BANKS — 7.6% | ||||||||
Comerica, Inc. | 1,431,144 | 43,420,909 | ||||||
U.S. Bancorp | 1,306,311 | 41,723,573 | ||||||
Wells Fargo & Co. | 1,237,337 | 42,292,179 | ||||||
127,436,661 | ||||||||
OTHER DIVERSIFIED FINANCIAL SERVICES — 7.7% | ||||||||
Bank of America Corp. | 3,876,963 | 44,972,771 | ||||||
Citigroup, Inc. | 1,090,885 | 43,155,411 | ||||||
JPMorgan Chase & Co. | 958,121 | 42,128,580 | ||||||
130,256,762 | ||||||||
REGIONAL BANKS — 66.8% | ||||||||
Associated Banc-Corp. | 3,219,595 | 42,241,086 | ||||||
Bank of Hawaii Corp. (a) | 941,637 | 41,479,110 | ||||||
BB&T Corp. | 1,449,898 | 42,206,531 | ||||||
CapitalSource, Inc. | 5,375,859 | 40,749,011 | ||||||
CIT Group, Inc. (b) | 1,081,458 | 41,787,537 | ||||||
City National Corp. (a) | 842,268 | 41,709,111 | ||||||
Commerce Bancshares, Inc. | 1,168,312 | 40,961,019 | ||||||
Cullen/Frost Bankers, Inc. (a) | 761,410 | 41,321,721 | ||||||
East West Bancorp, Inc. | 1,956,931 | 42,054,447 | ||||||
Fifth Third Bancorp | 2,856,361 | 43,388,124 | ||||||
First Horizon National Corp. (a) | 4,363,570 | 43,242,979 | ||||||
First Republic Bank | 1,281,040 | 41,992,491 | ||||||
Fulton Financial Corp. | 3,701,038 | 35,566,975 | ||||||
Hancock Holding Co. | 1,261,758 | 40,048,199 | ||||||
Huntington Bancshares, Inc. | 6,658,768 | 42,549,528 | ||||||
Keycorp | 5,039,081 | 42,429,062 | ||||||
M&T Bank Corp. | 418,909 | 41,249,969 | ||||||
PNC Financial Services Group, Inc. | 734,424 | 42,824,264 | ||||||
Popular, Inc. (b) | 2,016,589 | 41,924,885 | ||||||
Prosperity Bancshares, Inc. (a) | 981,719 | 41,232,198 | ||||||
Regions Financial Corp. | 6,122,082 | 43,589,224 | ||||||
Signature Bank (b) | 598,130 | 42,670,594 | ||||||
SunTrust Banks, Inc. | 1,515,274 | 42,958,018 | ||||||
SVB Financial Group (b) | 763,096 | 42,710,483 | ||||||
TCF Financial Corp. (a) | 3,502,800 | 42,559,020 | ||||||
Valley National Bancorp (a) | 3,836,487 | 35,679,329 | ||||||
Zions Bancorporation (a) | 1,991,135 | 42,610,289 | ||||||
1,123,735,204 | ||||||||
THRIFTS & MORTGAGE FINANCE — 12.4% | ||||||||
First Niagara Financial Group, Inc. | 5,368,821 | 42,574,751 | ||||||
Hudson City Bancorp, Inc. | 5,133,692 | 41,736,916 | ||||||
New York Community Bancorp, Inc. (a) | 3,217,061 | 42,143,499 | ||||||
Ocwen Financial Corp. (b) | �� | 1,188,963 | 41,126,230 | |||||
People’s United Financial, Inc. (a) | 3,373,190 | 40,781,867 | ||||||
208,363,263 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,702,393,139) | 1,676,101,016 | |||||||
SHORT TERM INVESTMENTS — 7.4% | ||||||||
MONEY MARKET FUNDS — 7.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 104,231,373 | 104,231,373 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 20,955,607 | 20,955,607 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $125,186,980) | 125,186,980 | |||||||
TOTAL INVESTMENTS — 107.0% (f) | ||||||||
(Cost $1,827,580,119) | 1,801,287,996 | |||||||
OTHER ASSETS & LIABILITIES — (7.0)% | (117,662,155 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,683,625,841 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
171
SPDR S&P Capital Markets ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
ASSET MANAGEMENT & CUSTODY BANKS — 63.4% | ||||||||
Affiliated Managers Group, Inc. (a)(b) | 4,199 | $ | 546,500 | |||||
American Capital, Ltd. (a) | 44,025 | 528,300 | ||||||
Ameriprise Financial, Inc. | 8,773 | 549,453 | ||||||
Apollo Investment Corp. (b) | 59,577 | 498,064 | ||||||
Ares Capital Corp. | 31,781 | 556,167 | ||||||
BlackRock Kelso Capital Corp. (b) | 19,586 | 197,035 | ||||||
BlackRock, Inc. | 2,665 | 550,882 | ||||||
Cohen & Steers, Inc. (b) | 7,153 | 217,952 | ||||||
Eaton Vance Corp. (b) | 17,326 | 551,833 | ||||||
Federated Investors, Inc. (Class B) (b) | 27,306 | 552,400 | ||||||
Fifth Street Finance Corp. | 41,813 | 435,691 | ||||||
Financial Engines, Inc. (a) | 8,004 | 222,111 | ||||||
Franklin Resources, Inc. | 4,229 | 531,585 | ||||||
Hercules Technology Growth Capital, Inc. (b) | 12,226 | 136,075 | ||||||
Invesco, Ltd. | 21,096 | 550,395 | ||||||
Janus Capital Group, Inc. (b) | 65,025 | 554,013 | ||||||
Legg Mason, Inc. (b) | 21,416 | 550,820 | ||||||
Main Street Capital Corp. (b) | 11,554 | 352,513 | ||||||
MCG Capital Corp. (b) | 16,599 | 76,355 | ||||||
Northern Trust Corp. (b) | 11,399 | 571,774 | ||||||
PennantPark Investment Corp. (b) | 28,681 | 315,348 | ||||||
Prospect Capital Corp. | 50,438 | 548,261 | ||||||
SEI Investments Co. (b) | 24,205 | 564,945 | ||||||
State Street Corp. (c) | 11,817 | 555,517 | ||||||
T. Rowe Price Group, Inc. | 8,395 | 546,766 | ||||||
The Bank of New York Mellon Corp. | 21,727 | 558,384 | ||||||
TICC Capital Corp. | 16,444 | 166,413 | ||||||
Triangle Capital Corp. (b) | 10,237 | 260,941 | ||||||
Virtus Investment Partners, Inc. (a) | 1,257 | 152,022 | ||||||
Waddell & Reed Financial, Inc. (Class A) (b) | 16,217 | 564,676 | ||||||
12,963,191 | ||||||||
INVESTMENT BANKING & BROKERAGE — 33.4% | ||||||||
BGC Partners, Inc. (Class A) (b) | 61,311 | 212,136 | ||||||
E*TRADE Financial Corp. (a) | 64,478 | 577,078 | ||||||
Evercore Partners, Inc. (Class A) | 9,008 | 271,952 | ||||||
Greenhill & Co., Inc. (b) | 10,389 | 540,124 | ||||||
Investment Technology Group, Inc. (a)(b) | 8,331 | 74,979 | ||||||
Jefferies Group, Inc. | 29,674 | 551,046 | ||||||
KBW, Inc. | 23,643 | 361,738 | ||||||
Lazard, Ltd. (Class A) | 17,987 | 536,732 | ||||||
LPL Investment Holdings, Inc. | 13,345 | 375,795 | ||||||
Morgan Stanley | 29,756 | 568,935 | ||||||
Piper Jaffray Co., Inc. (a)(b) | 3,280 | 105,387 | ||||||
Raymond James Financial, Inc. | 14,338 | 552,443 | ||||||
Stifel Financial Corp. (a) | 13,057 | 417,432 | ||||||
TD Ameritrade Holding Corp. (b) | 32,414 | 544,879 | ||||||
The Charles Schwab Corp. | 39,205 | 562,984 | ||||||
The Goldman Sachs Group, Inc. | 4,500 | 574,020 | ||||||
6,827,660 | ||||||||
MORTGAGE REIT’S — 2.5% | ||||||||
Walter Investment Management Corp. (a) | 11,997 | 516,111 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $23,749,513) | 20,306,962 | |||||||
SHORT TERM INVESTMENTS — 18.0% | ||||||||
MONEY MARKET FUNDS — 18.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 3,200,856 | 3,200,856 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 487,017 | 487,017 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,687,873) | 3,687,873 | |||||||
TOTAL INVESTMENTS — 117.3% (g) | ||||||||
(Cost $27,437,386) | 23,994,835 | |||||||
OTHER ASSETS & LIABILITIES — (17.3)% | (3,546,902 | ) | ||||||
NET ASSETS — 100.0% | $ | 20,447,933 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
172
SPDR S&P Insurance ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
INSURANCE BROKERS — 9.0% | ||||||||
Aon PLC | 57,572 | $ | 3,201,003 | |||||
Arthur J. Gallagher & Co. | 91,878 | 3,183,573 | ||||||
Brown & Brown, Inc. | 125,562 | 3,196,808 | ||||||
Marsh & McLennan Cos., Inc. | 94,381 | 3,253,313 | ||||||
12,834,697 | ||||||||
LIFE & HEALTH INSURANCE — 20.8% | ||||||||
Aflac, Inc. | 60,594 | 3,218,753 | ||||||
CNO Financial Group, Inc. (a) | 348,680 | 3,253,184 | ||||||
Lincoln National Corp. | 127,606 | 3,304,995 | ||||||
MetLife, Inc. | 101,628 | 3,347,626 | ||||||
Principal Financial Group, Inc. | 117,630 | 3,354,808 | ||||||
Protective Life Corp. (a) | 116,818 | 3,338,659 | ||||||
Prudential Financial, Inc. | 63,533 | 3,388,215 | ||||||
Torchmark Corp. | 63,965 | 3,305,072 | ||||||
Unum Group | 155,327 | 3,233,908 | ||||||
29,745,220 | ||||||||
MULTI-LINE INSURANCE — 16.3% | ||||||||
American Financial Group, Inc. | 82,212 | 3,249,018 | ||||||
American International Group, Inc. (b) | 95,329 | 3,365,114 | ||||||
Assurant, Inc. | 93,670 | 3,250,349 | ||||||
Genworth Financial, Inc. (Class A) (b) | 464,886 | 3,491,294 | ||||||
Hartford Financial Services Group, Inc. | 151,982 | 3,410,476 | ||||||
HCC Insurance Holdings, Inc. | 88,858 | 3,306,406 | ||||||
Loews Corp. | 79,587 | 3,243,170 | ||||||
23,315,827 | ||||||||
PROPERTY & CASUALTY INSURANCE — 35.8% | ||||||||
ACE, Ltd. | 40,793 | 3,255,281 | ||||||
Alleghany Corp. (b) | 9,871 | 3,310,931 | ||||||
Allied World Assurance Company Holdings, Ltd. | 40,702 | 3,207,318 | ||||||
Aspen Insurance Holdings, Ltd. | 104,064 | 3,338,373 | ||||||
Assured Guaranty, Ltd. | 229,978 | 3,272,587 | ||||||
Axis Capital Holdings, Ltd. | 90,899 | 3,148,741 | ||||||
Cincinnati Financial Corp. | 81,667 | 3,198,080 | ||||||
Fidelity National Financial, Inc. (Class A) | 141,855 | 3,340,685 | ||||||
First American Financial Corp. | 138,050 | 3,325,625 | ||||||
Old Republic International Corp. | 304,961 | 3,247,835 | ||||||
ProAssurance Corp. | 63,635 | 2,684,761 | ||||||
The Allstate Corp. | 80,533 | 3,235,011 | ||||||
The Chubb Corp. | 42,369 | 3,191,233 | ||||||
The Progressive Corp. | 154,154 | 3,252,649 | ||||||
The Travelers Cos., Inc. | 44,093 | 3,166,759 | ||||||
W.R. Berkley Corp. (a) | 82,961 | 3,130,948 | ||||||
51,306,817 | ||||||||
REINSURANCE — 18.0% | ||||||||
Alterra Capital Holdings, Ltd. | 96,205 | 2,712,019 | ||||||
Arch Capital Group, Ltd. (a)(b) | 73,591 | 3,239,476 | ||||||
Everest Re Group, Ltd. | 30,568 | 3,360,952 | ||||||
PartnerRe, Ltd. | 39,688 | 3,194,487 | ||||||
Reinsurance Group of America, Inc. | 62,774 | 3,359,665 | ||||||
RenaissanceRe Holdings, Ltd. | 40,994 | 3,331,172 | ||||||
Validus Holdings, Ltd. | 93,309 | 3,226,625 | ||||||
XL Group PLC | 133,204 | 3,338,092 | ||||||
25,762,488 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $143,035,658) | 142,965,049 | |||||||
SHORT TERM INVESTMENTS — 3.8% | ||||||||
MONEY MARKET FUNDS — 3.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 3,471,890 | 3,471,890 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 1,988,668 | 1,988,668 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $5,460,558) | 5,460,558 | |||||||
TOTAL INVESTMENTS — 103.7% (f) | ||||||||
(Cost $148,496,216) | 148,425,607 | |||||||
OTHER ASSETS & LIABILITIES — (3.7)% | (5,321,937 | ) | ||||||
NET ASSETS — 100.0% | $ | 143,103,670 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
173
SPDR S&P Mortgage Finance ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
HOUSEHOLD DURABLES — 23.8% | ||||||||
D.R. Horton, Inc. (a) | 6,425 | $ | 127,087 | |||||
Lennar Corp. (Class A) (a) | 3,227 | 124,788 | ||||||
M.D.C. Holdings, Inc. (a) | 3,519 | 129,358 | ||||||
NVR, Inc. (a)(b) | 131 | 120,520 | ||||||
Pulte Group, Inc. (a)(b) | 7,025 | 127,574 | ||||||
Standard Pacific Corp. (a)(b) | 18,383 | 135,115 | ||||||
The Ryland Group, Inc. (a) | 3,582 | 130,743 | ||||||
Toll Brothers, Inc. (a)(b) | 3,903 | 126,184 | ||||||
1,021,369 | ||||||||
INSURANCE — 56.8% | ||||||||
ACE, Ltd. | 1,518 | 121,136 | ||||||
Allied World Assurance Company Holdings, Ltd. (a) | 1,446 | 113,945 | ||||||
Amtrust Financial Services, Inc. (a) | 1,792 | 51,412 | ||||||
Arch Capital Group, Ltd. (a)(b) | 2,738 | 120,527 | ||||||
Aspen Insurance Holdings, Ltd. (a) | 3,495 | 112,120 | ||||||
Assured Guaranty, Ltd. | 8,558 | 121,780 | ||||||
Axis Capital Holdings, Ltd. | 3,382 | 117,152 | ||||||
Cincinnati Financial Corp. (a) | 3,039 | 119,007 | ||||||
CNA Financial Corp. | 1,165 | 32,632 | ||||||
Employers Holdings, Inc. (a) | 891 | 18,337 | ||||||
Fidelity National Financial, Inc. (Class A) | 5,279 | 124,320 | ||||||
First American Financial Corp. (a) | 5,137 | 123,750 | ||||||
MBIA, Inc. (a)(b) | 15,146 | 118,896 | ||||||
Mercury General Corp. | 1,398 | 55,487 | ||||||
Old Republic International Corp. (a) | 11,348 | 120,856 | ||||||
ProAssurance Corp. | 1,888 | 79,655 | ||||||
RLI Corp. (a) | 604 | 39,055 | ||||||
The Allstate Corp. | 2,997 | 120,390 | ||||||
The Chubb Corp. (a) | 1,582 | 119,156 | ||||||
The Hanover Insurance Group, Inc. (a) | 2,271 | 87,979 | ||||||
The Progressive Corp. (a) | 5,736 | 121,030 | ||||||
The Travelers Cos., Inc. | 1,641 | 117,857 | ||||||
Tower Group, Inc. (a) | 2,237 | 39,751 | ||||||
W.R. Berkley Corp. | 3,097 | 116,881 | ||||||
XL Group PLC | 4,957 | 124,222 | ||||||
2,437,333 | ||||||||
THRIFTS & MORTGAGE FINANCE — 18.6% | ||||||||
Astoria Financial Corp. | 4,851 | 45,405 | ||||||
Brookline Bancorp, Inc. (a) | 1,945 | 16,533 | ||||||
Capitol Federal Financial, Inc. | 7,262 | 84,893 | ||||||
Hudson City Bancorp, Inc. | 15,070 | 122,519 | ||||||
New York Community Bancorp, Inc. (a) | 9,444 | 123,716 | ||||||
Northwest Bancshares, Inc. (a) | 3,103 | 37,671 | ||||||
Ocwen Financial Corp. (b) | 3,490 | 120,719 | ||||||
Oritani Financial Corp. (a) | 1,384 | 21,203 | ||||||
People’s United Financial, Inc. (a) | 9,902 | 119,715 | ||||||
Provident Financial Services, Inc. (a) | 1,383 | 20,634 | ||||||
TFS Financial Corp. (b) | 2,194 | 21,106 | ||||||
Washington Federal, Inc. | 3,629 | 61,221 | ||||||
795,335 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $3,372,398) | 4,254,037 | |||||||
SHORT TERM INVESTMENTS — 25.9% | ||||||||
MONEY MARKET FUNDS — 25.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 1,027,148 | 1,027,148 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 83,776 | 83,776 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $1,110,924) | 1,110,924 | |||||||
TOTAL INVESTMENTS — 125.1% (f) | ||||||||
(Cost $4,483,322) | 5,364,961 | |||||||
OTHER ASSETS & LIABILITIES — (25.1)% | (1,075,037 | ) | ||||||
NET ASSETS — 100.0% | $ | 4,289,924 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
174
SPDR S&P Regional Banking ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
REGIONAL BANKS — 95.3% | ||||||||
Associated Banc-Corp. | 1,612,671 | $ | 21,158,244 | |||||
BancorpSouth, Inc. | 1,269,450 | 18,457,803 | ||||||
Bank of Hawaii Corp. (a) | 471,686 | 20,777,768 | ||||||
Bank of the Ozarks, Inc. | 326,718 | 10,935,251 | ||||||
Banner Corp. | 465,642 | 14,309,179 | ||||||
BB&T Corp. | 726,193 | 21,139,478 | ||||||
BBCN Bancorp, Inc. | 785,002 | 9,082,473 | ||||||
BOK Financial Corp. | 142,701 | 7,771,496 | ||||||
Boston Private Financial Holdings, Inc. | 753,797 | 6,791,711 | ||||||
CapitalSource, Inc. | 2,692,602 | 20,409,923 | ||||||
Cathay General Bancorp | 702,744 | 13,703,508 | ||||||
Chemical Financial Corp. | 106,848 | 2,538,709 | ||||||
CIT Group, Inc. (b) | 541,691 | 20,930,940 | ||||||
Citizens Republic Bancorp, Inc. (b) | 1,110,567 | 21,067,456 | ||||||
City Holding Co. | 96,397 | 3,359,435 | ||||||
City National Corp. | 421,894 | 20,892,191 | ||||||
Columbia Banking System, Inc. | 573,334 | 10,285,612 | ||||||
Commerce Bancshares, Inc. | 585,189 | 20,516,726 | ||||||
Community Bank System, Inc. (a) | 338,500 | 9,261,360 | ||||||
Cullen/Frost Bankers, Inc. (a) | 381,326 | 20,694,562 | ||||||
CVB Financial Corp. | 1,387,357 | 14,428,513 | ||||||
East West Bancorp, Inc. | 980,262 | 21,065,830 | ||||||
F.N.B. Corp. (a) | 1,472,900 | 15,642,198 | ||||||
Fifth Third Bancorp | 1,430,757 | 21,733,199 | ||||||
First Commonwealth Financial Corp. (a) | 1,122,032 | 7,652,258 | ||||||
First Financial Bancorp | 507,453 | 7,418,963 | ||||||
First Financial Bankshares, Inc. (a) | 161,417 | 6,296,877 | ||||||
First Horizon National Corp. (a) | 2,185,598 | 21,659,276 | ||||||
First Midwest Bancorp, Inc. | 940,096 | 11,770,002 | ||||||
First Republic Bank | 641,583 | 21,031,091 | ||||||
FirstMerit Corp. | 1,481,184 | 21,018,001 | ||||||
Fulton Financial Corp. | 2,146,787 | 20,630,623 | ||||||
Glacier Bancorp, Inc. | 599,477 | 8,818,307 | ||||||
Hancock Holding Co. | 658,059 | 20,886,793 | ||||||
Home Bancshares, Inc. | 205,307 | 6,779,237 | ||||||
Huntington Bancshares, Inc. | 3,335,193 | 21,311,883 | ||||||
IBERIABANK Corp. | 412,229 | 20,248,689 | ||||||
Independent Bank Corp.-Massachusetts (a) | 114,927 | 3,327,137 | ||||||
International Bancshares Corp. | 434,957 | 7,850,974 | ||||||
Investors Bancorp, Inc. | 417,168 | 7,417,247 | ||||||
Keycorp | 2,523,912 | 21,251,339 | ||||||
M&T Bank Corp. | 209,798 | 20,658,809 | ||||||
MB Financial, Inc. | 522,254 | 10,314,517 | ||||||
National Penn Bancshares, Inc. (a) | 1,414,918 | 13,187,036 | ||||||
NBT Bancorp, Inc. | 244,183 | 4,949,589 | ||||||
Old National Bancorp | 1,327,975 | 15,763,063 | ||||||
Oriental Financial Group, Inc. | 671,712 | 8,967,355 | ||||||
PacWest Bancorp | 446,773 | 11,071,035 | ||||||
Park National Corp. (a) | 73,021 | 4,719,347 | ||||||
Pinnacle Financial Partners, Inc. (b) | 282,173 | 5,316,139 | ||||||
PNC Financial Services Group, Inc. | 367,828 | 21,448,051 | ||||||
Popular, Inc. (b) | 1,010,011 | 20,998,129 | ||||||
PrivateBancorp, Inc. | 1,390,054 | 21,295,627 | ||||||
Prosperity Bancshares, Inc. (a) | 491,767 | 20,654,214 | ||||||
Regions Financial Corp. | 3,066,396 | 21,832,740 | ||||||
S&T Bancorp, Inc. | 133,671 | 2,415,435 | ||||||
Signature Bank (b) | 299,587 | 21,372,537 | ||||||
State Bank Financial Corp. | 177,428 | 2,817,557 | ||||||
Sterling Financial Corp. | 437,682 | 9,138,800 | ||||||
SunTrust Banks, Inc. | 758,913 | 21,515,184 | ||||||
Susquehanna Bancshares, Inc. | 2,038,148 | 21,359,791 | ||||||
SVB Financial Group (b) | 382,259 | 21,395,036 | ||||||
Synovus Financial Corp. | 8,596,216 | 21,060,729 | ||||||
TCF Financial Corp. (a) | 1,754,434 | 21,316,373 | ||||||
Texas Capital Bancshares, Inc. (a)(b) | 462,776 | 20,741,620 | ||||||
Trustmark Corp. (a) | 568,925 | 12,778,056 | ||||||
UMB Financial Corp. (a) | 370,865 | 16,258,722 | ||||||
Umpqua Holdings Corp. (a) | 1,241,160 | 14,633,276 | ||||||
United Bankshares, Inc. (a) | 503,095 | 12,235,270 | ||||||
Valley National Bancorp (a) | 2,218,686 | 20,633,780 | ||||||
Westamerica Bancorporation (a) | 281,788 | 12,001,351 | ||||||
Western Alliance Bancorp (b) | 927,851 | 9,770,271 | ||||||
Wintrust Financial Corp. (a) | 548,624 | 20,134,501 | ||||||
Zions Bancorporation | 997,318 | 21,342,605 | ||||||
1,106,418,807 | ||||||||
THRIFTS & MORTGAGE FINANCE — 4.6% | ||||||||
BankUnited, Inc. | 459,816 | 11,237,903 | ||||||
First Niagara Financial Group, Inc. | 2,689,157 | 21,325,015 | ||||||
Webster Financial Corp. | 1,003,120 | 20,614,115 | ||||||
53,177,033 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,208,074,766) | 1,159,595,840 | |||||||
SHORT TERM INVESTMENTS — 6.4% | ||||||||
MONEY MARKET FUNDS — 6.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 64,355,505 | 64,355,505 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 9,811,786 | 9,811,786 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $74,167,291) | 74,167,291 | |||||||
TOTAL INVESTMENTS — 106.3% (f) | ||||||||
(Cost $1,282,242,057) | 1,233,763,131 | |||||||
OTHER ASSETS & LIABILITIES — (6.3)% | (72,800,991 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,160,962,140 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
175
SPDR Morgan Stanley Technology ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
COMMUNICATIONS EQUIPMENT — 20.0% | ||||||||
Cisco Systems, Inc. | 235,486 | $ | 4,627,300 | |||||
F5 Networks, Inc. (a) | 48,246 | 4,687,099 | ||||||
Juniper Networks, Inc. (a) | 233,238 | 4,587,792 | ||||||
Motorola Solutions, Inc. | 86,100 | 4,794,048 | ||||||
Nokia Oyj ADR (b) | 1,178,004 | 4,653,116 | ||||||
QUALCOMM, Inc. | 76,267 | 4,730,079 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) ADR | 467,211 | 4,718,831 | ||||||
32,798,265 | ||||||||
COMPUTERS & PERIPHERALS — 17.1% | ||||||||
Apple, Inc. | 9,033 | 4,814,860 | ||||||
Dell, Inc. | 451,939 | 4,578,142 | ||||||
EMC Corp. (a) | 183,153 | 4,633,771 | ||||||
Hewlett-Packard Co. | 328,844 | 4,686,027 | ||||||
NetApp, Inc. (a) | 139,300 | 4,673,515 | ||||||
Seagate Technology PLC (b) | 154,348 | 4,704,527 | ||||||
28,090,842 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.7% | ||||||||
Corning, Inc. | 373,000 | 4,707,260 | ||||||
Flextronics International, Ltd. (a) | 753,265 | 4,677,776 | ||||||
9,385,036 | ||||||||
INTERNET & CATALOG RETAIL — 5.7% | ||||||||
Amazon.com, Inc. (a) | 18,307 | 4,597,620 | ||||||
Priceline.com, Inc. (a) | 7,570 | 4,702,484 | ||||||
9,300,104 | ||||||||
INTERNET SOFTWARE & SERVICES — 8.6% | ||||||||
eBay, Inc. (a) | 91,579 | 4,672,361 | ||||||
Facebook, Inc. (Class A) (a) | 179,000 | 4,766,770 | ||||||
Google, Inc. (Class A) (a) | 6,570 | 4,660,561 | ||||||
14,099,692 | ||||||||
IT SERVICES — 8.5% | ||||||||
Accenture PLC (Class A) | 69,674 | 4,633,321 | ||||||
Automatic Data Processing, Inc. | 81,600 | 4,652,016 | ||||||
International Business Machines Corp. | 24,348 | 4,663,859 | ||||||
13,949,196 | ||||||||
OFFICE ELECTRONICS — 2.8% | ||||||||
Canon Inc, ADR (b) | 115,300 | 4,520,913 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 17.2% | ||||||||
Analog Devices, Inc. | 111,423 | 4,686,451 | ||||||
Applied Materials, Inc. | 408,735 | 4,675,928 | ||||||
Broadcom Corp. (Class A) (a) | 141,758 | 4,707,783 | ||||||
Intel Corp. | 226,398 | 4,670,591 | ||||||
NVIDIA Corp. | 380,631 | 4,677,955 | ||||||
Texas Instruments, Inc. | 151,706 | 4,693,784 | ||||||
28,112,492 | ||||||||
SOFTWARE — 14.2% | ||||||||
Microsoft Corp. | 171,411 | 4,581,816 | ||||||
Oracle Corp. | 139,252 | 4,639,876 | ||||||
Salesforce.com, Inc. (a)(b) | 27,911 | 4,691,839 | ||||||
SAP AG ADR (b) | 59,052 | 4,746,600 | ||||||
VMware, Inc. (Class A) (a) | 49,092 | 4,621,521 | ||||||
23,281,652 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $168,236,395) | 163,538,192 | |||||||
SHORT TERM INVESTMENTS — 4.9% | ||||||||
MONEY MARKET FUNDS — 4.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 7,182,252 | 7,182,252 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 822,343 | 822,343 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $8,004,595) | 8,004,595 | |||||||
TOTAL INVESTMENTS — 104.7% (f) | ||||||||
(Cost $176,240,990) | 171,542,787 | |||||||
OTHER ASSETS & LIABILITIES — (4.7)% | (7,721,151 | ) | ||||||
NET ASSETS — 100.0% | $ | 163,821,636 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investment of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
ADR = American Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
176
SPDR S&P Dividend ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AEROSPACE & DEFENSE — 1.7% | ||||||||
General Dynamics Corp. | 2,295,033 | $ | 158,976,936 | |||||
BEVERAGES — 3.6% | ||||||||
Brown-Forman Corp. (Class B) | 1,074,343 | 67,952,195 | ||||||
PepsiCo, Inc. | 2,132,458 | 145,924,101 | ||||||
The Coca-Cola Co. | 3,458,640 | 125,375,700 | ||||||
339,251,996 | ||||||||
CAPITAL MARKETS — 3.7% | ||||||||
Eaton Vance Corp. (a) | 3,910,387 | 124,545,826 | ||||||
Franklin Resources, Inc. | 333,561 | 41,928,618 | ||||||
SEI Investments Co. | 3,248,362 | 75,816,769 | ||||||
T. Rowe Price Group, Inc. | 1,662,339 | 108,268,139 | ||||||
350,559,352 | ||||||||
CHEMICALS — 6.6% | ||||||||
Air Products & Chemicals, Inc. | 1,856,157 | 155,954,311 | ||||||
Ecolab, Inc. | 916,269 | 65,879,741 | ||||||
PPG Industries, Inc. | 884,609 | 119,731,828 | ||||||
RPM International, Inc. | 3,288,481 | 96,549,802 | ||||||
Sigma-Aldrich Corp. (a) | 760,036 | 55,923,449 | ||||||
The Sherwin-Williams Co. | 345,245 | 53,105,586 | ||||||
Valspar Corp. | 1,240,751 | 77,422,863 | ||||||
624,567,580 | ||||||||
COMMERCIAL BANKS — 0.8% | ||||||||
Commerce Bancshares, Inc. (a) | 2,179,576 | 76,415,935 | ||||||
COMMERCIAL SERVICES & SUPPLIES — 2.6% | ||||||||
Cintas Corp. | 1,530,262 | 62,587,716 | ||||||
Pitney Bowes, Inc. (a)(b) | 17,097,781 | 181,920,390 | ||||||
244,508,106 | ||||||||
COMPUTERS & PERIPHERALS — 0.9% | ||||||||
Diebold, Inc. | 2,931,988 | 89,748,153 | ||||||
CONTAINERS & PACKAGING — 2.2% | ||||||||
Bemis Co., Inc. | 3,966,593 | 132,722,202 | ||||||
Sonoco Products Co. | 2,404,644 | 71,490,066 | ||||||
204,212,268 | ||||||||
DISTRIBUTORS — 1.8% | ||||||||
Genuine Parts Co. | 2,602,697 | 165,479,475 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.3% | ||||||||
AT&T, Inc. | 6,442,390 | 217,172,967 | ||||||
ELECTRICAL EQUIPMENT — 1.9% | ||||||||
Emerson Electric Co. | 3,370,799 | 178,517,515 | ||||||
FOOD & STAPLES RETAILING — 4.5% | ||||||||
Sysco Corp. | 5,434,263 | 172,048,766 | ||||||
Wal-Mart Stores, Inc. | 1,397,325 | 95,339,485 | ||||||
Walgreen Co. | 4,129,809 | 152,844,231 | ||||||
420,232,482 | ||||||||
FOOD PRODUCTS — 3.5% | ||||||||
Archer-Daniels-Midland Co. | 4,514,467 | 123,651,251 | ||||||
Hormel Foods Corp. (a) | 3,499,610 | 109,222,828 | ||||||
McCormick & Co., Inc. (a) | 1,591,264 | 101,093,002 | ||||||
333,967,081 | ||||||||
GAS UTILITIES — 5.1% | ||||||||
Atmos Energy Corp. | 2,166,033 | 76,071,079 | ||||||
National Fuel Gas Co. (a) | 1,921,268 | 97,389,075 | ||||||
Piedmont Natural Gas Co., Inc. | 1,416,511 | 44,350,959 | ||||||
Questar Corp. | 5,544,494 | 109,559,202 | ||||||
UGI Corp. | 2,978,296 | 97,420,062 | ||||||
WGL Holdings, Inc. (a) | 1,473,551 | 57,748,464 | ||||||
482,538,841 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.8% | ||||||||
Becton, Dickinson and Co. | 1,470,337 | 114,965,650 | ||||||
C.R. Bard, Inc. | 372,191 | 36,377,948 | ||||||
Medtronic, Inc. | 2,754,729 | 112,998,984 | ||||||
264,342,582 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.3% | ||||||||
Cardinal Health, Inc. | 2,931,380 | 120,714,228 | ||||||
HOTELS, RESTAURANTS & LEISURE — 1.7% | ||||||||
McDonald’s Corp. | 1,784,258 | 157,389,398 | ||||||
HOUSEHOLD DURABLES — 2.2% | ||||||||
Leggett & Platt, Inc. (a)(b) | 7,568,011 | 206,001,259 | ||||||
HOUSEHOLD PRODUCTS — 6.5% | ||||||||
Colgate-Palmolive Co. | 1,054,146 | 110,200,423 | ||||||
Kimberly-Clark Corp. | 1,980,950 | 167,251,608 | ||||||
The Clorox Co. | 2,366,957 | 173,308,592 | ||||||
The Procter & Gamble Co. | 2,345,553 | 159,239,593 | ||||||
610,000,216 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.2% | ||||||||
3M Co. | 1,353,739 | 125,694,666 | ||||||
Carlisle Cos., Inc. (a) | 1,460,291 | 85,806,699 | ||||||
211,501,365 | ||||||||
INSURANCE — 6.2% | ||||||||
Aflac, Inc. | 2,815,845 | 149,577,686 | ||||||
Cincinnati Financial Corp. (a) | 4,221,856 | 165,327,881 | ||||||
Mercury General Corp. | 1,101,392 | 43,714,249 | ||||||
Old Republic International Corp. (a) | 11,199,619 | 119,275,942 | ||||||
The Chubb Corp. | 1,373,096 | 103,421,591 | ||||||
581,317,349 | ||||||||
IT SERVICES — 1.4% | ||||||||
Automatic Data Processing, Inc. | 2,270,896 | 129,463,781 | ||||||
MACHINERY — 6.7% | ||||||||
CLARCOR, Inc. | 1,331,259 | 63,607,555 | ||||||
Dover Corp. | 2,091,276 | 137,417,746 | ||||||
Illinois Tool Works, Inc. | 2,146,378 | 130,521,246 | ||||||
Nordson Corp. | 883,901 | 55,791,831 | ||||||
Pentair, Ltd. | 2,241,143 | 110,152,179 | ||||||
Stanley Black & Decker, Inc. | 1,803,965 | 133,439,291 | ||||||
630,929,848 | ||||||||
MEDIA — 1.0% | ||||||||
The McGraw-Hill Cos., Inc. | 1,659,550 | 90,727,599 | ||||||
METALS & MINING — 2.2% | ||||||||
Nucor Corp. | 4,863,335 | 209,998,805 | ||||||
MULTI-UTILITIES — 3.3% | ||||||||
Consolidated Edison, Inc. | 3,320,685 | 184,430,845 | ||||||
MDU Resources Group, Inc. (a) | 3,320,559 | 70,528,673 | ||||||
Vectren Corp. | 1,920,021 | 56,448,617 | ||||||
311,408,135 | ||||||||
See accompanying notes to financial statements.
177
SPDR S&P Dividend ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
MULTILINE RETAIL — 1.8% | ||||||||
Family Dollar Stores, Inc. | 938,171 | $ | 59,489,423 | |||||
Target Corp. | 1,813,315 | 107,293,849 | ||||||
166,783,272 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 3.3% | ||||||||
Chevron Corp. | 1,355,104 | 146,540,946 | ||||||
Energen Corp. | 1,036,486 | 46,735,154 | ||||||
Exxon Mobil Corp. | 1,346,654 | 116,552,904 | ||||||
309,829,004 | ||||||||
PERSONAL PRODUCTS — 2.5% | ||||||||
Avon Products, Inc. | 16,575,614 | 238,025,817 | ||||||
PHARMACEUTICALS — 3.4% | ||||||||
Abbott Laboratories | 2,111,762 | 138,320,411 | ||||||
Johnson & Johnson | 2,561,424 | 179,555,822 | ||||||
317,876,233 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 5.3% | ||||||||
Federal Realty Investment Trust | 1,268,916 | 131,992,642 | ||||||
HCP, Inc. | 4,893,410 | 221,084,264 | ||||||
National Retail Properties, Inc. | 4,585,360 | 143,063,232 | ||||||
496,140,138 | ||||||||
SPECIALTY RETAIL — 1.3% | ||||||||
Lowe’s Cos., Inc. | 3,337,416 | 118,545,016 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.9% | ||||||||
V.F. Corp. | 549,417 | 82,945,485 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.7% | ||||||||
W.W. Grainger, Inc. | 351,831 | 71,200,039 | ||||||
WATER UTILITIES — 1.0% | ||||||||
Aqua America, Inc. (a) | 3,645,743 | 92,674,787 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.7% | ||||||||
Telephone & Data Systems, Inc. | 3,018,954 | 66,839,642 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $8,406,674,445) | 9,370,802,685 | |||||||
SHORT TERM INVESTMENTS — 5.0% | ||||||||
MONEY MARKET FUNDS — 5.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 346,003,039 | 346,003,039 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 123,200,644 | 123,200,644 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $469,203,683) | 469,203,683 | |||||||
TOTAL INVESTMENTS — 104.6% (f) | ||||||||
(Cost $8,875,878,128) | 9,840,006,368 | |||||||
OTHER ASSETS & LIABILITIES — (4.6)% | (429,369,485 | ) | ||||||
NET ASSETS — 100.0% | $ | 9,410,636,883 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Affiliated issuer. (Note 3) | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
178
SPDR S&P Aerospace & Defense ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 99.7% | ||||||||
AAR Corp. | 8,035 | $ | 150,094 | |||||
Aerovironment, Inc. (a)(b) | 4,971 | 108,070 | ||||||
Alliant Techsystems, Inc. | 9,041 | 560,180 | ||||||
American Science & Engineering, Inc. (b) | 1,127 | 73,492 | ||||||
BE Aerospace, Inc. (a) | 11,613 | 573,682 | ||||||
Cubic Corp. | 1,801 | 86,394 | ||||||
Curtiss-Wright Corp. (b) | 5,950 | 195,338 | ||||||
DigitalGlobe, Inc. (a)(b) | 10,580 | 258,575 | ||||||
Esterline Technologies Corp. (a) | 6,074 | 386,367 | ||||||
Exelis, Inc. (b) | 21,534 | 242,688 | ||||||
GenCorp, Inc. (a)(b) | 14,544 | 133,078 | ||||||
General Dynamics Corp. | 8,241 | 570,854 | ||||||
GeoEye, Inc. (a) | 4,519 | 138,869 | ||||||
HEICO Corp. (b) | 3,718 | 166,418 | ||||||
Hexcel Corp. (a) | 21,737 | 586,030 | ||||||
Honeywell International, Inc. | 9,038 | 573,642 | ||||||
Huntington Ingalls Industries, Inc. (b) | 9,004 | 390,233 | ||||||
L-3 Communications Holdings, Inc. | 7,388 | 566,069 | ||||||
Lockheed Martin Corp. (b) | 6,252 | 576,997 | ||||||
Moog, Inc. (Class A) (a)(b) | 2,373 | 97,364 | ||||||
National Presto Industries, Inc. | 711 | 49,130 | ||||||
Northrop Grumman Corp. (b) | 8,326 | 562,671 | ||||||
Orbital Sciences Corp. (a)(b) | 7,553 | 104,005 | ||||||
Precision Castparts Corp. | 3,020 | 572,048 | ||||||
Raytheon Co. | 9,675 | 556,893 | ||||||
Rockwell Collins, Inc. (b) | 9,864 | 573,789 | ||||||
Spirit Aerosystems Holdings, Inc. (Class A) (a) | 34,765 | 589,962 | ||||||
Taser International, Inc. (a)(b) | 17,165 | 153,455 | ||||||
Teledyne Technologies, Inc. (a)(b) | 3,842 | 249,999 | ||||||
Textron, Inc. (b) | 22,928 | 568,385 | ||||||
The Boeing Co. | 7,515 | 566,330 | ||||||
TransDigm Group, Inc. | 4,430 | 604,075 | ||||||
Triumph Group, Inc. (b) | 8,830 | 576,599 | ||||||
United Technologies Corp. | 6,953 | 570,216 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $11,270,406) | 12,731,991 | |||||||
SHORT TERM INVESTMENTS — 19.0% | ||||||||
MONEY MARKET FUNDS — 19.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 2,160,603 | 2,160,603 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 257,912 | 257,912 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $2,418,515) | 2,418,515 | |||||||
TOTAL INVESTMENTS — 118.7% (f) | ||||||||
(Cost $13,688,921) | 15,150,506 | |||||||
OTHER ASSETS & LIABILITIES — (18.7)% | (2,385,582 | ) | ||||||
NET ASSETS — 100.0% | $ | 12,764,924 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
179
SPDR S&P Biotech ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
BIOTECHNOLOGY — 99.9% | ||||||||
Achillion Pharmaceuticals, Inc. (a)(b) | 1,885,919 | $ | 15,125,070 | |||||
Acorda Therapeutics, Inc. (a) | 612,617 | 15,229,659 | ||||||
Affymax, Inc. (a) | 716,383 | 13,611,277 | ||||||
Alexion Pharmaceuticals, Inc. (a) | 174,456 | 16,365,717 | ||||||
Alkermes PLC (a) | 859,681 | 15,921,292 | ||||||
Alnylam Pharmaceuticals, Inc. (a) | 351,380 | 6,412,685 | ||||||
Amgen, Inc. | 182,655 | 15,766,780 | ||||||
Arena Pharmaceuticals, Inc. (a)(b) | 1,774,606 | 16,006,946 | ||||||
ARIAD Pharmaceuticals, Inc. (a) | 860,072 | 16,496,181 | ||||||
Array BioPharma, Inc. (a) | 1,890,441 | 7,032,441 | ||||||
Biogen Idec, Inc. (a) | 107,721 | 15,799,439 | ||||||
BioMarin Pharmaceutical, Inc. (a) | 329,653 | 16,235,410 | ||||||
Celgene Corp. (a) | 205,286 | 16,160,114 | ||||||
Cepheid, Inc. (a)(b) | 499,729 | 16,895,838 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 383,966 | 16,149,610 | ||||||
Dendreon Corp. (a)(b) | 3,284,409 | 17,341,680 | ||||||
Dynavax Technologies Corp. (a)(b) | 6,147,333 | 17,581,372 | ||||||
Emergent Biosolutions, Inc. (a) | 196,315 | 3,148,893 | ||||||
Enzon Pharmaceuticals, Inc. (b) | 307,880 | 1,363,908 | ||||||
Exact Sciences Corp. (a) | 776,583 | 8,224,014 | ||||||
Exelixis, Inc. (a)(b) | 3,458,708 | 15,806,296 | ||||||
Genomic Health, Inc. (a)(b) | 371,575 | 10,129,135 | ||||||
Gilead Sciences, Inc. (a) | 219,458 | 16,119,190 | ||||||
Halozyme Therapeutics, Inc. (a)(b) | 1,111,709 | 7,459,567 | ||||||
Idenix Pharmaceuticals, Inc. (a)(b) | 2,037,524 | 9,881,991 | ||||||
ImmunoGen, Inc. (a)(b) | 861,301 | 10,981,588 | ||||||
Incyte Corp. (a)(b) | 1,015,582 | 16,868,817 | ||||||
Infinity Pharmaceuticals, Inc. (a) | 425,301 | 14,885,535 | ||||||
InterMune, Inc. (a)(b) | 1,458,438 | 14,132,264 | ||||||
Ironwood Pharmaceuticals, Inc. (a)(b) | 824,290 | 9,141,376 | ||||||
Isis Pharmaceuticals, Inc. (a)(b) | 1,632,268 | 17,073,523 | ||||||
Medivation, Inc. (a) | 296,853 | 15,186,999 | ||||||
Momenta Pharmaceuticals, Inc. (a)(b) | 508,672 | 5,992,156 | ||||||
Myriad Genetics, Inc. (a) | 604,488 | 16,472,298 | ||||||
Neurocrine Biosciences, Inc. (a) | 394,219 | 2,948,758 | ||||||
NPS Pharmaceuticals, Inc. (a)(b) | 1,667,380 | 15,173,158 | ||||||
Onyx Pharmaceuticals, Inc. (a) | 206,699 | 15,611,975 | ||||||
Opko Health, Inc. (a)(b) | 1,382,638 | 6,650,489 | ||||||
Pharmacyclics, Inc. (a) | 266,793 | 15,447,315 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 90,635 | 15,504,929 | ||||||
Rigel Pharmaceuticals, Inc. (a) | 806,583 | 5,242,790 | ||||||
Sarepta Therapeutics, Inc. (a) | 644,964 | 16,640,071 | ||||||
Seattle Genetics, Inc. (a)(b) | 693,460 | 16,088,272 | ||||||
Spectrum Pharmaceuticals, Inc. (b) | 1,479,571 | 16,556,400 | ||||||
Synageva BioPharma Corp. (a)(b) | 142,896 | 6,614,656 | ||||||
Theravance, Inc. (a)(b) | 489,565 | 10,902,613 | ||||||
United Therapeutics Corp. (a) | 323,348 | 17,273,250 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 389,784 | 16,347,541 | ||||||
ZIOPHARM Oncology, Inc. (a)(b) | 1,106,376 | 4,602,524 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $652,771,652) | 628,603,802 | |||||||
SHORT TERM INVESTMENTS — 16.8% | ||||||||
MONEY MARKET FUNDS — 16.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 103,798,412 | 103,798,412 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 1,822,572 | 1,822,572 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $105,620,984) | 105,620,984 | |||||||
TOTAL INVESTMENTS — 116.7% (f) | ||||||||
(Cost $758,392,636) | 734,224,786 | |||||||
OTHER ASSETS & LIABILITIES — (16.7)% | (105,009,143 | ) | ||||||
NET ASSETS — 100.0% | $ | 629,215,643 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
180
SPDR S&P Health Care Equipment ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
HEALTH CARE EQUIPMENT — 80.3% | ||||||||
Abaxis, Inc. (a) | 4,548 | $ | 168,731 | |||||
ABIOMED, Inc. (a) | 36,263 | 488,100 | ||||||
Accuray, Inc. (a) | 25,163 | 161,798 | ||||||
Analogic Corp. | 4,624 | 343,563 | ||||||
ArthroCare Corp. (a) | 5,208 | 180,145 | ||||||
Baxter International, Inc. | 7,093 | 472,819 | ||||||
Becton, Dickinson and Co. | 6,019 | 470,626 | ||||||
Boston Scientific Corp. (a) | 82,503 | 472,742 | ||||||
C.R. Bard, Inc. | 4,862 | 475,212 | ||||||
Cantel Medical Corp. | 3,437 | 102,182 | ||||||
CareFusion Corp. (a) | 16,659 | 476,114 | ||||||
Conceptus, Inc. (a) | 6,968 | 146,398 | ||||||
CONMED Corp. | 3,428 | 95,813 | ||||||
Covidien PLC | 8,171 | 471,794 | ||||||
Cyberonics, Inc. (a) | 9,181 | 482,278 | ||||||
DexCom, Inc. (a) | 17,212 | 234,255 | ||||||
Edwards Lifesciences Corp. (a) | 5,139 | 463,384 | ||||||
Greatbatch, Inc. (a) | 3,468 | 80,596 | ||||||
HeartWare International, Inc. (a) | 5,772 | 484,559 | ||||||
Hill-Rom Holdings, Inc. | 16,136 | 459,876 | ||||||
Hologic, Inc. (a) | 23,746 | 475,632 | ||||||
IDEXX Laboratories, Inc. (a) | 4,889 | 453,699 | ||||||
Insulet Corp. (a) | 9,714 | 206,131 | ||||||
Integra LifeSciences Holdings Corp. (a) | 6,169 | 240,406 | ||||||
Intuitive Surgical, Inc. (a) | 877 | 430,055 | ||||||
Invacare Corp. | 5,604 | 91,345 | ||||||
MAKO Surgical Corp. (a) | 37,544 | 483,191 | ||||||
Masimo Corp. (a) | 15,517 | 326,012 | ||||||
Medtronic, Inc. | 11,175 | 458,399 | ||||||
NuVasive, Inc. (a) | 31,910 | 493,329 | ||||||
NxStage Medical, Inc. (a) | 16,333 | 183,746 | ||||||
Orthofix International NV (a) | 3,896 | 153,230 | ||||||
Quidel Corp. (a) | 3,949 | 73,728 | ||||||
ResMed, Inc. | 11,146 | 463,339 | ||||||
Sirona Dental Systems, Inc. (a) | 7,604 | 490,154 | ||||||
St. Jude Medical, Inc. | 13,233 | 478,241 | ||||||
STERIS Corp. | 11,095 | 385,329 | ||||||
Stryker Corp. | 8,386 | 459,721 | ||||||
Teleflex, Inc. | 6,808 | 485,478 | ||||||
Thoratec Corp. (a) | 12,448 | 467,049 | ||||||
Varian Medical Systems, Inc. (a) | 6,589 | 462,811 | ||||||
Volcano Corp. (a) | 20,146 | 475,647 | ||||||
Wright Medical Group, Inc. (a) | 16,666 | 349,819 | ||||||
Zimmer Holdings, Inc. | 6,955 | 463,620 | ||||||
15,781,096 | ||||||||
HEALTH CARE SUPPLIES — 19.5% | ||||||||
Alere, Inc. (a) | 24,556 | 454,286 | ||||||
Align Technology, Inc. (a) | 17,746 | 492,451 | ||||||
Antares Pharma, Inc. (a) | 48,912 | 186,355 | ||||||
DENTSPLY International, Inc. | 11,780 | 466,606 | ||||||
Endologix, Inc. (a) | 19,783 | 281,710 | ||||||
Haemonetics Corp. (a) | 11,250 | 459,450 | ||||||
ICU Medical, Inc. (a) | 2,991 | 182,242 | ||||||
Meridian Bioscience, Inc. | 6,141 | 124,355 | ||||||
Merit Medical Systems, Inc. (a) | 6,838 | 95,048 | ||||||
Neogen Corp. (a) | 3,746 | 169,769 | ||||||
OraSure Technologies, Inc. (a) | 27,805 | 199,640 | ||||||
The Cooper Cos., Inc. | 4,899 | 453,059 | ||||||
West Pharmaceutical Services, Inc. | 4,861 | 266,140 | ||||||
3,831,111 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $19,628,235) | 19,612,207 | |||||||
SHORT TERM INVESTMENT — 2.0% | ||||||||
MONEY MARKET FUND — 2.0% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (b)(c) (Cost $391,182) | 391,182 | 391,182 | ||||||
TOTAL INVESTMENTS — 101.8% (d) | ||||||||
(Cost $20,019,417) | 20,003,389 | |||||||
OTHER ASSETS & LIABILITIES — (1.8)% | (350,362 | ) | ||||||
NET ASSETS — 100.0% | $ | 19,653,027 | ||||||
(a) | Non-income producing security. | |||||
(b) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(c) | The rate shown is the annualized seven-day yield at period end. | |||||
(d) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
181
SPDR S&P Health Care Services ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
HEALTH CARE DISTRIBUTORS — 17.6% | ||||||||
AmerisourceBergen Corp. (a) | 7,051 | $ | 304,462 | |||||
Cardinal Health, Inc. | 7,224 | 297,484 | ||||||
Henry Schein, Inc. (a)(b) | 3,758 | 302,369 | ||||||
McKesson Corp. | 3,112 | 301,740 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 1,237 | 136,070 | ||||||
Owens & Minor, Inc. (a) | 10,930 | 311,614 | ||||||
Patterson Cos., Inc. | 9,183 | 314,334 | ||||||
PharMerica Corp. (b) | 4,321 | 61,531 | ||||||
PSS World Medical, Inc. (a)(b) | 10,761 | 310,778 | ||||||
2,340,382 | ||||||||
HEALTH CARE FACILITIES — 29.0% | ||||||||
Acadia Healthcare Co., Inc. (a)(b) | 4,771 | 111,307 | ||||||
AmSurg Corp. (a)(b) | 3,241 | 97,262 | ||||||
Brookdale Senior Living, Inc. (b) | 12,633 | 319,868 | ||||||
Community Health Systems, Inc. | 10,293 | 316,407 | ||||||
Emeritus Corp. (a)(b) | 6,621 | 163,671 | ||||||
Hanger, Inc. (a)(b) | 3,976 | 108,783 | ||||||
HCA Holdings, Inc. | 9,942 | 299,950 | ||||||
Health Management Associates, Inc. (Class A) (a)(b) | 37,511 | 349,603 | ||||||
HealthSouth Corp. (a)(b) | 14,607 | 308,354 | ||||||
Kindred Healthcare, Inc. (a)(b) | 8,222 | 88,962 | ||||||
LifePoint Hospitals, Inc. (a)(b) | 8,441 | 318,648 | ||||||
Select Medical Holdings Corp. (a) | 9,924 | 93,583 | ||||||
Sunrise Assisted Living, Inc. (a)(b) | 21,245 | 305,503 | ||||||
Tenet Healthcare Corp. (a)(b) | 9,981 | 324,083 | ||||||
The Ensign Group, Inc. (a) | 1,968 | 53,510 | ||||||
Universal Health Services, Inc. (Class B) | 6,713 | 324,574 | ||||||
VCA Antech, Inc. (a)(b) | 12,216 | 257,147 | ||||||
3,841,215 | ||||||||
HEALTH CARE SERVICES — 28.0% | ||||||||
Accretive Health, Inc. (a)(b) | 19,146 | 221,328 | ||||||
Air Methods Corp. (a) | 6,429 | 237,166 | ||||||
Amedisys, Inc. (b) | 8,199 | 92,403 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 8,320 | 238,701 | ||||||
BioScrip, Inc. (b) | 8,502 | 91,566 | ||||||
Chemed Corp. (a) | 3,247 | 222,712 | ||||||
DaVita, Inc. (b) | 2,803 | 309,816 | ||||||
Express Scripts Holding Co. (a)(b) | 5,583 | 301,482 | ||||||
HMS Holdings Corp. (a)(b) | 12,084 | 313,217 | ||||||
IPC The Hospitalist Co. (a)(b) | 3,412 | 135,490 | ||||||
Laboratory Corp. of America Holdings (a)(b) | 3,510 | 304,036 | ||||||
Landauer, Inc. (a) | 524 | 32,074 | ||||||
MEDNAX, Inc. (a)(b) | 3,887 | 309,094 | ||||||
Omnicare, Inc. | 8,523 | 307,680 | ||||||
Quest Diagnostics, Inc. (a) | 5,167 | 301,081 | ||||||
Team Health Holdings, Inc. (b) | 10,488 | 301,740 | ||||||
3,719,586 | ||||||||
MANAGED HEALTH CARE — 25.0% | ||||||||
Aetna, Inc. (a) | 6,707 | 310,534 | ||||||
Centene Corp. (b) | 7,508 | 307,828 | ||||||
Cigna Corp. | 5,766 | 308,250 | ||||||
Coventry Health Care, Inc. (a) | 6,878 | 308,341 | ||||||
Health Net, Inc. (b) | 12,273 | 298,234 | ||||||
Humana, Inc. | 4,624 | 317,345 | ||||||
Magellan Health Services, Inc. (b) | 4,659 | 228,291 | ||||||
Molina Healthcare, Inc. (b) | 10,716 | 289,975 | ||||||
UnitedHealth Group, Inc. | 5,656 | 306,781 | ||||||
WellCare Health Plans, Inc. (a)(b) | 6,510 | 316,972 | ||||||
WellPoint, Inc. (a) | 5,227 | 318,429 | ||||||
3,310,980 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $12,482,654) | 13,212,163 | |||||||
SHORT TERM INVESTMENTS — 23.7% | ||||||||
MONEY MARKET FUNDS — 23.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 2,588,064 | 2,588,064 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 562,521 | 562,521 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,150,585) | 3,150,585 | |||||||
TOTAL INVESTMENTS — 123.3% (f) | ||||||||
(Cost $15,633,239) | 16,362,748 | |||||||
OTHER ASSETS & LIABILITIES — (23.3)% | (3,092,510 | ) | ||||||
NET ASSETS — 100.0% | $ | 13,270,238 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
182
SPDR S&P Homebuilders ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
BUILDING PRODUCTS — 25.4% | ||||||||
A.O. Smith Corp. | 1,123,966 | $ | 70,888,535 | |||||
Armstrong World Industries, Inc. (a) | 1,437,476 | 72,923,157 | ||||||
Fortune Brands Home & Security, Inc. (b) | 2,340,054 | 68,376,378 | ||||||
Lennox International, Inc. | 1,347,082 | 70,748,747 | ||||||
Masco Corp. | 4,256,205 | 70,908,375 | ||||||
Owens Corning, Inc. (b) | 1,926,175 | 71,249,213 | ||||||
Quanex Building Products Corp. (a) | 1,087,712 | 22,200,202 | ||||||
Simpson Manufacturing Co., Inc. (a) | 813,844 | 26,685,945 | ||||||
Universal Forest Products, Inc. (a) | 364,842 | 13,878,590 | ||||||
USG Corp. (a)(b) | 2,620,682 | 73,562,544 | ||||||
561,421,686 | ||||||||
HOME FURNISHINGS — 13.2% | ||||||||
Ethan Allen Interiors, Inc. (a)(c) | 1,643,614 | 42,257,316 | ||||||
La-Z-Boy, Inc. | 2,173,710 | 30,757,996 | ||||||
Leggett & Platt, Inc. (a) | 2,602,833 | 70,849,114 | ||||||
Mohawk Industries, Inc. (b) | 841,868 | 76,163,798 | ||||||
Tempur-Pedic International, Inc. (a)(b) | 2,279,448 | 71,779,818 | ||||||
291,808,042 | ||||||||
HOME FURNISHING RETAIL — 15.4% | ||||||||
Aaron’s, Inc. | 2,170,038 | 61,368,675 | ||||||
Bed Bath & Beyond, Inc. (b) | 1,178,498 | 65,889,823 | ||||||
Pier 1 Imports, Inc. (a) | 3,540,264 | 70,805,280 | ||||||
Select Comfort Corp. (a)(b)(c) | 2,802,662 | 73,345,664 | ||||||
Williams-Sonoma, Inc. | 1,588,887 | 69,545,584 | ||||||
340,955,026 | ||||||||
HOME IMPROVEMENT RETAIL — 9.7% | ||||||||
Lowe’s Cos., Inc. | 1,990,966 | 70,719,112 | ||||||
Lumber Liquidators Holdings, Inc. (b)(c) | 1,401,650 | 74,049,170 | ||||||
The Home Depot, Inc. | 1,105,523 | 68,376,598 | ||||||
213,144,880 | ||||||||
HOMEBUILDING — 32.1% | ||||||||
D.R. Horton, Inc. (a) | 3,661,147 | 72,417,488 | ||||||
Hovnanian Enterprises, Inc. (Class A) (a)(b)(c) | 12,945,231 | 90,616,617 | ||||||
Lennar Corp. (Class A) (a) | 1,838,908 | 71,110,572 | ||||||
M.D.C. Holdings, Inc. | 2,004,937 | 73,701,484 | ||||||
M/I Homes, Inc. (b)(c) | 1,367,654 | 36,242,831 | ||||||
NVR, Inc. (b) | 74,769 | 68,787,480 | ||||||
Pulte Group, Inc. (b) | 4,002,918 | 72,692,991 | ||||||
Standard Pacific Corp. (a)(b) | 10,474,780 | 76,989,633 | ||||||
The Ryland Group, Inc. (a) | 2,041,314 | 74,507,961 | ||||||
Toll Brothers, Inc. (b) | 2,224,040 | 71,903,213 | ||||||
708,970,270 | ||||||||
HOUSEHOLD APPLIANCES — 4.0% | ||||||||
Helen of Troy, Ltd. (b) | 582,276 | 19,442,196 | ||||||
Whirlpool Corp. | 685,403 | 69,739,755 | ||||||
89,181,951 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $2,023,068,688) | 2,205,481,855 | |||||||
SHORT TERM INVESTMENTS — 8.0% | ||||||||
MONEY MARKET FUNDS — 8.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 166,166,781 | 166,166,781 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 10,707,691 | 10,707,691 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $176,874,472) | 176,874,472 | |||||||
TOTAL INVESTMENTS — 107.8% (g) | ||||||||
(Cost $2,199,943,160) | 2,382,356,327 | |||||||
OTHER ASSETS & LIABILITIES — (7.8)% | (173,353,887 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,209,002,440 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Non-income producing security. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
183
SPDR S&P Metals & Mining ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
ALUMINUM — 7.0% | ||||||||
Alcoa, Inc. | 3,802,349 | $ | 33,004,389 | |||||
Century Aluminum Co. (a)(b) | 2,121,746 | 18,586,495 | ||||||
Kaiser Aluminum Corp. | 235,021 | 14,498,445 | ||||||
Noranda Aluminium Holding Corp. | 839,614 | 5,130,042 | ||||||
71,219,371 | ||||||||
COAL & CONSUMABLE FUELS — 15.8% | ||||||||
Alpha Natural Resources, Inc. (a)(b) | 3,433,132 | 33,438,706 | ||||||
Arch Coal, Inc. | 4,338,474 | 31,757,630 | ||||||
Cloud Peak Energy, Inc. (a) | 1,621,834 | 31,350,051 | ||||||
CONSOL Energy, Inc. | 986,127 | 31,654,677 | ||||||
Peabody Energy Corp. | 1,200,565 | 31,947,034 | ||||||
160,148,098 | ||||||||
DIVERSIFIED METALS & MINING — 18.8% | ||||||||
AMCOL International Corp. (b) | 205,422 | 6,302,347 | ||||||
Compass Minerals International, Inc. (b) | 446,603 | 33,365,710 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 983,842 | 33,647,396 | ||||||
Globe Specialty Metals, Inc. | 773,940 | 10,641,675 | ||||||
Horsehead Holding Corp. (a) | 562,518 | 5,743,309 | ||||||
Materion Corp. | 235,936 | 6,082,430 | ||||||
Molycorp, Inc. (a)(b) | 3,306,751 | 31,215,730 | ||||||
RTI International Metals, Inc. (a)(b) | 539,432 | 14,866,746 | ||||||
SunCoke Energy, Inc. (a) | 1,093,149 | 17,042,193 | ||||||
Walter Energy, Inc. (b) | 893,067 | 32,043,244 | ||||||
190,950,780 | ||||||||
GOLD — 10.0% | ||||||||
Allied Nevada Gold Corp. (a) | 1,098,635 | 33,101,872 | ||||||
Newmont Mining Corp. | 750,325 | 34,845,093 | ||||||
Royal Gold, Inc. | 411,128 | 33,428,818 | ||||||
101,375,783 | ||||||||
PRECIOUS METALS & MINERALS — 12.4% | ||||||||
Coeur d’Alene Mines Corp. (a) | 1,412,318 | 34,743,023 | ||||||
Hecla Mining Co. (b) | 5,799,808 | 33,812,881 | ||||||
McEwen Mining, Inc. (a) | 5,850,729 | 22,408,292 | ||||||
Stillwater Mining Co. (a) | 2,767,070 | 35,363,154 | ||||||
126,327,350 | ||||||||
STEEL — 35.8% | ||||||||
AK Steel Holding Corp. (b)(c) | 7,552,962 | 34,743,625 | ||||||
Allegheny Technologies, Inc. | 1,168,486 | 35,475,235 | ||||||
Carpenter Technology Corp. | 664,383 | 34,302,094 | ||||||
Cliffs Natural Resources, Inc. (b) | 978,624 | 37,735,741 | ||||||
Commercial Metals Co. | 1,771,315 | 26,321,741 | ||||||
Haynes International, Inc. | 159,281 | 8,261,906 | ||||||
Nucor Corp. | 786,016 | 33,940,171 | ||||||
Reliance Steel & Aluminum Co. | 560,933 | 34,833,939 | ||||||
Schnitzer Steel Industries, Inc. (Class A) (b) | 743,484 | 22,549,870 | ||||||
Steel Dynamics, Inc. | 2,445,402 | 33,575,370 | ||||||
United States Steel Corp. (b) | 1,393,366 | 33,259,646 | ||||||
Worthington Industries, Inc. (b) | 1,107,233 | 28,776,986 | ||||||
363,776,324 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,256,269,399) | 1,013,797,706 | |||||||
SHORT TERM INVESTMENTS — 8.9% | ||||||||
MONEY MARKET FUNDS — 8.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 84,515,039 | 84,515,039 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 5,876,561 | 5,876,561 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $90,391,600) | 90,391,600 | |||||||
TOTAL INVESTMENTS — 108.7% (g) | ||||||||
(Cost $1,346,660,999) | 1,104,189,306 | |||||||
OTHER ASSETS & LIABILITIES — (8.7)% | (88,579,532 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,015,609,774 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
184
SPDR S&P Oil & Gas Equipment & Services ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
OIL & GAS DRILLING — 28.9% | ||||||||
Atwood Oceanics, Inc. (a) | 152,754 | $ | 6,994,606 | |||||
Diamond Offshore Drilling, Inc. | 101,465 | 6,895,561 | ||||||
Ensco PLC (Class A) | 119,184 | 7,065,228 | ||||||
Helmerich & Payne, Inc. | 127,344 | 7,132,537 | ||||||
Hercules Offshore, Inc. (a)(b) | 1,332,698 | 8,236,074 | ||||||
Nabors Industries, Ltd. (a) | 498,690 | 7,206,071 | ||||||
Noble Corp. | 201,877 | 7,029,357 | ||||||
Parker Drilling Co. (a) | 267,264 | 1,229,414 | ||||||
Patterson-UTI Energy, Inc. (b) | 392,251 | 7,307,636 | ||||||
Pioneer Energy Services Corp. (a) | 358,987 | 2,606,246 | ||||||
Rowan Cos. PLC (a) | 217,264 | 6,793,845 | ||||||
Transocean, Ltd. | 153,066 | 6,834,397 | ||||||
Unit Corp. (a) | 106,608 | 4,802,690 | ||||||
80,133,662 | ||||||||
OIL & GAS EQUIPMENT & SERVICES — 70.8% | ||||||||
Baker Hughes, Inc. | 166,428 | 6,796,920 | ||||||
Basic Energy Services, Inc. (a)(b) | 665,719 | 7,595,854 | ||||||
Bristow Group, Inc. | 88,783 | 4,764,096 | ||||||
Cameron International Corp. (a) | 128,501 | 7,255,166 | ||||||
CARBO Ceramics, Inc. (b) | 85,600 | 6,705,904 | ||||||
Core Laboratories NV | 64,677 | 7,069,843 | ||||||
Dresser-Rand Group, Inc. (a) | 130,329 | 7,316,670 | ||||||
Dril-Quip, Inc. (a) | 96,458 | 7,046,257 | ||||||
Exterran Holdings, Inc. (a)(b) | 307,711 | 6,745,025 | ||||||
FMC Technologies, Inc. (a) | 168,383 | 7,211,844 | ||||||
Forum Energy Technologies, Inc. (a) | 219,954 | 5,443,861 | ||||||
Geospace Technologies Corp. (a) | 41,876 | 3,721,520 | ||||||
Gulfmark Offshore, Inc. (Class A) | 92,233 | 3,177,427 | ||||||
Halliburton Co. | 204,715 | 7,101,563 | ||||||
Heckmann Corp. (a)(b) | 1,647,351 | 6,638,825 | ||||||
Helix Energy Solutions Group, Inc. (a) | 360,016 | 7,430,730 | ||||||
Hornbeck Offshore Services, Inc. (a)(b) | 193,793 | 6,654,852 | ||||||
ION Geophysical Corp. (a)(b) | 542,313 | 3,530,458 | ||||||
Key Energy Services, Inc. (a) | 1,048,550 | 7,287,422 | ||||||
Lufkin Industries, Inc. (b) | 122,693 | 7,132,144 | ||||||
McDermott International, Inc. (a) | 646,782 | 7,127,538 | ||||||
National Oilwell Varco, Inc. | 105,375 | 7,202,381 | ||||||
Newpark Resources, Inc. (a)(b) | 285,092 | 2,237,972 | ||||||
Oceaneering International, Inc. | 132,409 | 7,122,280 | ||||||
Oil States International, Inc. (a) | 102,633 | 7,342,365 | ||||||
RPC, Inc. (b) | 402,305 | 4,924,213 | ||||||
Schlumberger, Ltd. | 99,252 | 6,877,171 | ||||||
SEACOR Holdings, Inc. | 32,234 | 2,701,209 | ||||||
Superior Energy Services, Inc. (a) | 345,093 | 7,150,327 | ||||||
Tetra Technologies, Inc. (a) | 346,927 | 2,633,176 | ||||||
Tidewater, Inc. | 154,144 | 6,887,154 | ||||||
Weatherford International, Ltd. (a) | 640,091 | 7,162,618 | ||||||
195,994,785 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $308,141,129) | 276,128,447 | |||||||
SHORT TERM INVESTMENTS — 9.7% | ||||||||
MONEY MARKET FUNDS — 9.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 25,057,867 | 25,057,867 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 1,793,884 | 1,793,884 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $26,851,751) | 26,851,751 | |||||||
TOTAL INVESTMENTS — 109.4% (f) | ||||||||
(Cost $334,992,880) | 302,980,198 | |||||||
OTHER ASSETS & LIABILITIES — (9.4)% | (25,908,761 | ) | ||||||
NET ASSETS — 100.0% | $ | 277,071,437 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
185
SPDR S&P Oil & Gas Exploration & Production ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
INTEGRATED OIL & GAS — 10.0% | ||||||||
Chevron Corp. | 93,987 | $ | 10,163,754 | |||||
ConocoPhillips | 175,790 | 10,194,062 | ||||||
Exxon Mobil Corp. | 115,104 | 9,962,251 | ||||||
Hess Corp. | 197,286 | 10,448,267 | ||||||
Marathon Oil Corp. | 328,941 | 10,085,331 | ||||||
Murphy Oil Corp. | 170,834 | 10,173,165 | ||||||
Occidental Petroleum Corp. | 133,125 | 10,198,706 | ||||||
71,225,536 | ||||||||
OIL & GAS EXPLORATION & PRODUCTION — 74.3% | ||||||||
Anadarko Petroleum Corp. | 135,879 | 10,097,169 | ||||||
Apache Corp. | 131,585 | 10,329,423 | ||||||
Approach Resources, Inc. (a) | 407,357 | 10,187,999 | ||||||
Berry Petroleum Co. (Class A) (b) | 308,872 | 10,362,656 | ||||||
Bill Barrett Corp. (a)(b) | 545,389 | 9,702,470 | ||||||
Bonanza Creek Energy, Inc. (a) | 387,433 | 10,766,763 | ||||||
Cabot Oil & Gas Corp. | 216,619 | 10,774,629 | ||||||
Carrizo Oil & Gas, Inc. (a)(b) | 500,683 | 10,474,288 | ||||||
Chesapeake Energy Corp. (b) | 612,249 | 10,175,578 | ||||||
Cimarex Energy Co. | 180,151 | 10,400,117 | ||||||
Cobalt International Energy, Inc. (a) | 404,879 | 9,943,828 | ||||||
Comstock Resources, Inc. (a)(b) | 660,123 | 9,987,661 | ||||||
Concho Resources, Inc. (a) | 123,068 | 9,914,358 | ||||||
Contango Oil & Gas Co. | 177,262 | 7,508,818 | ||||||
Continental Resources, Inc. (a) | 139,337 | 10,239,876 | ||||||
Denbury Resources, Inc. (a) | 638,379 | 10,341,740 | ||||||
Devon Energy Corp. | 195,281 | 10,162,423 | ||||||
Energen Corp. | 228,436 | 10,300,179 | ||||||
Energy XXI Bermuda, Ltd. (b) | 322,430 | 10,379,022 | ||||||
EOG Resources, Inc. | 85,201 | 10,291,429 | ||||||
EPL Oil & Gas, Inc. (a) | 346,154 | 7,805,773 | ||||||
EQT Corp. | 178,922 | 10,552,820 | ||||||
EXCO Resources, Inc. (b) | 1,355,376 | 9,175,896 | ||||||
Forest Oil Corp. (a)(b) | 1,574,326 | 10,532,241 | ||||||
Gulfport Energy Corp. (a) | 261,946 | 10,011,576 | ||||||
Halcon Resources Corp. (a) | 1,425,868 | 9,867,007 | ||||||
Kodiak Oil & Gas Corp. (a) | 1,135,249 | 10,046,954 | ||||||
Laredo Petroleum Holdings, Inc. (a)(b) | 570,216 | 10,355,123 | ||||||
Magnum Hunter Resources Corp. (a)(b) | 2,816,208 | 11,236,670 | ||||||
McMoRan Exploration Co. (a) | 653,210 | 10,484,021 | ||||||
Newfield Exploration Co. (a) | 393,539 | 10,538,974 | ||||||
Noble Energy, Inc. | 101,457 | 10,322,235 | ||||||
Northern Oil and Gas, Inc. (a) | 624,319 | 10,501,046 | ||||||
Oasis Petroleum, Inc. (a) | 339,400 | 10,792,920 | ||||||
PDC Energy, Inc. (a)(b) | 314,542 | 10,445,940 | ||||||
Pioneer Natural Resources Co. (b) | 98,491 | 10,498,156 | ||||||
Plains Exploration & Production Co. (a) | 219,998 | 10,326,706 | ||||||
QEP Resources, Inc. | 341,741 | 10,344,500 | ||||||
Quicksilver Resources, Inc. (a)(b) | 3,129,148 | 8,949,363 | ||||||
Range Resources Corp. | 163,140 | 10,250,086 | ||||||
Resolute Energy Corp. (a) | 541,473 | 4,402,175 | ||||||
Rex Energy Corp. (a) | 849,098 | 11,055,256 | ||||||
Rosetta Resources, Inc. (a) | 237,862 | 10,789,420 | ||||||
SandRidge Energy, Inc. (a)(b) | 1,513,230 | 9,609,011 | ||||||
SM Energy Co. | 213,115 | 11,126,734 | ||||||
Southwestern Energy Co. (a) | 307,881 | 10,286,304 | ||||||
Stone Energy Corp. (a) | 508,637 | 10,437,231 | ||||||
Swift Energy Co. (a) | 655,873 | 10,093,885 | ||||||
Ultra Petroleum Corp. (a)(b) | 525,048 | 9,519,120 | ||||||
VAALCO Energy, Inc. (a) | 669,249 | 5,789,004 | ||||||
W&T Offshore, Inc. (b) | 607,863 | 9,744,044 | ||||||
Whiting Petroleum Corp. (a) | 241,911 | 10,491,680 | ||||||
WPX Energy, Inc. (a) | 654,488 | 9,738,781 | ||||||
528,461,078 | ||||||||
OIL & GAS REFINING & MARKETING — 15.4% | ||||||||
Clean Energy Fuels Corp. (a)(b) | 801,397 | 9,977,393 | ||||||
CVR Energy, Inc. (a) | 215,771 | 10,527,467 | ||||||
Delek US Holdings, Inc. | 386,284 | 9,780,711 | ||||||
Hollyfrontier Corp. | 217,531 | 10,126,068 | ||||||
Marathon Petroleum Corp. | 161,380 | 10,166,940 | ||||||
Phillips 66 | 189,632 | 10,069,459 | ||||||
Rentech, Inc. (b) | 3,094,736 | 8,139,156 | ||||||
Tesoro Corp. | 232,214 | 10,229,027 | ||||||
Valero Energy Corp. | 303,819 | 10,366,304 | ||||||
Western Refining, Inc. | 339,803 | 9,579,046 | ||||||
World Fuel Services Corp. | 256,176 | 10,546,766 | ||||||
109,508,337 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $883,598,717) | 709,194,951 | |||||||
WARRANT — 0.0% | ||||||||
OIL & GAS EXPLORATION & PRODUCTION — 0.0% | ||||||||
Magnum Hunter Resources (expiring 10/14/13) (c) (Cost $0) | 161,074 | 0 | ||||||
SHORT TERM INVESTMENTS — 7.7% | ||||||||
MONEY MARKET FUNDS — 7.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 47,691,332 | 47,691,332 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 6,928,474 | 6,928,474 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $54,619,806) | 54,619,806 | |||||||
TOTAL INVESTMENTS — 107.4% (g) | ||||||||
(Cost $938,218,523) | 763,814,757 | |||||||
OTHER ASSETS & LIABILITIES — (7.4)% | (52,774,546 | ) | ||||||
NET ASSETS — 100.0% | $ | 711,040,211 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs. (Note 2) | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
186
SPDR S&P Pharmaceuticals ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
PHARMACEUTICALS — 99.9% | ||||||||
Abbott Laboratories | 202,021 | $ | 13,232,375 | |||||
Akorn, Inc. (a)(b) | 581,452 | 7,768,199 | ||||||
Allergan, Inc. | 144,110 | 13,219,210 | ||||||
Auxilium Pharmaceuticals, Inc. (a) | 345,899 | 6,409,508 | ||||||
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b) | 882,809 | 2,321,788 | ||||||
Bristol-Myers Squibb Co. | 403,361 | 13,145,535 | ||||||
Eli Lilly & Co. | 276,250 | 13,624,650 | ||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 515,300 | 13,536,931 | ||||||
Forest Laboratories, Inc. (a) | 369,803 | 13,061,442 | ||||||
Hi-Tech Pharmacal Co., Inc. (b) | 79,865 | 2,793,678 | ||||||
Hospira, Inc. (a) | 414,636 | 12,953,229 | ||||||
Impax Laboratories, Inc. (a) | 480,879 | 9,853,211 | ||||||
Jazz Pharmaceuticals PLC (a) | 258,914 | 13,774,225 | ||||||
Johnson & Johnson | 186,759 | 13,091,806 | ||||||
MAP Pharmaceuticals, Inc. (a) | 163,956 | 2,575,749 | ||||||
Merck & Co., Inc. | 303,215 | 12,413,622 | ||||||
Mylan, Inc. (a) | 472,005 | 12,970,697 | ||||||
Nektar Therapeutics (a)(b) | 1,022,736 | 7,578,474 | ||||||
Optimer Pharmaceuticals, Inc. (a)(b) | 474,137 | 4,290,940 | ||||||
Perrigo Co. | 126,697 | 13,180,289 | ||||||
Pfizer, Inc. | 524,721 | 13,160,003 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 475,918 | 12,716,529 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 316,444 | 12,809,653 | ||||||
Santarus, Inc. (a) | 394,119 | 4,327,426 | ||||||
The Medicines Co. (a) | 330,368 | 7,918,921 | ||||||
ViroPharma, Inc. (a) | 552,849 | 12,582,843 | ||||||
VIVUS, Inc. (a)(b) | 1,150,002 | 15,433,027 | ||||||
Warner Chilcott PLC | 1,129,340 | 13,597,253 | ||||||
Watson Pharmaceuticals, Inc. (a) | 150,466 | 12,940,076 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $315,550,150) | 307,281,289 | |||||||
SHORT TERM INVESTMENTS — 5.8% | ||||||||
MONEY MARKET FUNDS — 5.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 16,404,186 | 16,404,186 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 1,650,419 | 1,650,419 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $18,054,605) | 18,054,605 | |||||||
TOTAL INVESTMENTS — 105.7% (f) | ||||||||
(Cost $333,604,755) | 325,335,894 | |||||||
OTHER ASSETS & LIABILITIES — (5.7)% | (17,678,865 | ) | ||||||
NET ASSETS — 100.0% | $ | 307,657,029 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
187
SPDR S&P Retail ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
APPAREL RETAIL — 28.8% | ||||||||
Abercrombie & Fitch Co. (Class A) | 129,479 | $ | 6,211,108 | |||||
Aeropostale, Inc. (a) | 453,230 | 5,896,522 | ||||||
American Eagle Outfitters, Inc. | 294,508 | 6,040,359 | ||||||
ANN, Inc. (a) | 185,339 | 6,271,872 | ||||||
Ascena Retail Group, Inc. (a) | 328,653 | 6,076,794 | ||||||
Brown Shoe Co., Inc. | 329,884 | 6,059,969 | ||||||
Chico’s FAS, Inc. | 337,256 | 6,225,746 | ||||||
DSW, Inc. (Class A) | 94,216 | 6,189,049 | ||||||
Express, Inc. (a) | 410,693 | 6,197,357 | ||||||
Foot Locker, Inc. | 186,335 | 5,985,080 | ||||||
Francesca’s Holdings Corp. (a)(b) | 245,659 | 6,377,308 | ||||||
Genesco, Inc. (a) | 117,591 | 6,467,505 | ||||||
Guess?, Inc. | 248,045 | 6,087,024 | ||||||
Hot Topic, Inc. (b) | 624,453 | 6,025,972 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 143,274 | 6,100,607 | ||||||
Limited Brands, Inc. | 120,166 | 5,655,012 | ||||||
Ross Stores, Inc. | 113,916 | 6,168,551 | ||||||
Rue21, Inc. (a)(b) | 213,271 | 6,054,764 | ||||||
Stage Stores, Inc. | 249,167 | 6,174,358 | ||||||
The Buckle, Inc. (b) | 140,928 | 6,291,026 | ||||||
The Cato Corp. (Class A) | 129,264 | 3,545,712 | ||||||
The Children’s Place Retail Stores, Inc. (a) | 133,801 | 5,926,046 | ||||||
The Finish Line, Inc. (Class A) | 337,256 | 6,384,256 | ||||||
The Gap, Inc. | 192,630 | 5,979,235 | ||||||
The Men’s Wearhouse, Inc. | 200,300 | 6,241,348 | ||||||
TJX Cos., Inc. | 142,162 | 6,034,777 | ||||||
Urban Outfitters, Inc. (a) | 156,982 | 6,178,812 | ||||||
Zumiez, Inc. (a) | 314,540 | 6,105,221 | ||||||
168,951,390 | ||||||||
AUTOMOTIVE RETAIL — 12.9% | ||||||||
Advance Auto Parts, Inc. | 83,432 | 6,036,305 | ||||||
Asbury Automotive Group, Inc. (a) | 207,341 | 6,641,132 | ||||||
AutoNation, Inc. (a) | 157,674 | 6,259,658 | ||||||
AutoZone, Inc. (a) | 16,890 | 5,986,323 | ||||||
CarMax, Inc. (a) | 172,705 | 6,483,346 | ||||||
Group 1 Automotive, Inc. (b) | 102,460 | 6,351,495 | ||||||
Lithia Motors, Inc. (Class A) | 174,162 | 6,517,142 | ||||||
Monro Muffler Brake, Inc. (b) | 189,897 | 6,640,698 | ||||||
O’Reilly Automotive, Inc. (a) | 67,714 | 6,054,986 | ||||||
Penske Automotive Group, Inc. (b) | 210,790 | 6,342,671 | ||||||
Pep Boys-Manny, Moe & Jack | 603,366 | 5,931,088 | ||||||
Sonic Automotive, Inc. (Class A) (b) | 303,317 | 6,336,292 | ||||||
75,581,136 | ||||||||
CATALOG RETAIL — 1.1% | ||||||||
HSN, Inc. (b) | 113,540 | 6,253,783 | ||||||
COMPUTER & ELECTRONICS RETAIL — 3.0% | ||||||||
Best Buy Co., Inc. (b) | 502,746 | 5,957,540 | ||||||
GameStop Corp. (Class A) (b) | 220,226 | 5,525,470 | ||||||
Rent-A-Center, Inc. | 172,227 | 5,917,720 | ||||||
17,400,730 | ||||||||
DEPARTMENT STORES — 7.2% | ||||||||
Dillard’s, Inc. (Class A) | 73,604 | 6,165,807 | ||||||
J.C. Penney Co., Inc. (b) | 288,745 | 5,691,164 | ||||||
Kohl’s Corp. | 138,256 | 5,942,243 | ||||||
Macy’s, Inc. | 159,149 | 6,209,994 | ||||||
Nordstrom, Inc. | 116,057 | 6,209,049 | ||||||
Saks, Inc. (a)(b) | 568,286 | 5,972,686 | ||||||
Sears Holdings Corp. (a)(b) | 143,331 | 5,928,170 | ||||||
42,119,113 | ||||||||
DRUG RETAIL — 3.4% | ||||||||
CVS Caremark Corp. | 123,014 | 5,947,727 | ||||||
Rite Aid Corp. (a)(b) | 5,881,239 | 7,998,485 | ||||||
Walgreen Co. | 164,745 | 6,097,212 | ||||||
20,043,424 | ||||||||
FOOD RETAIL — 8.4% | ||||||||
Casey’s General Stores, Inc. | 122,156 | 6,486,484 | ||||||
Harris Teeter Supermarkets, Inc. | 163,321 | 6,297,658 | ||||||
Safeway, Inc. (b) | 343,367 | 6,211,509 | ||||||
SUPERVALU, Inc. (b) | 2,277,272 | 5,624,862 | ||||||
Susser Holdings Corp. (a) | 177,659 | 6,127,459 | ||||||
The Fresh Market, Inc. (a)(b) | 127,245 | 6,119,212 | ||||||
The Kroger Co. | 230,471 | 5,996,855 | ||||||
Whole Foods Market, Inc. | 68,456 | 6,252,086 | ||||||
49,116,125 | ||||||||
GENERAL MERCHANDISE STORES — 6.8% | ||||||||
Big Lots, Inc. (a) | 222,637 | 6,336,249 | ||||||
Conn’s, Inc. (a) | 212,936 | 6,532,877 | ||||||
Dollar General Corp. (a) | 138,177 | 6,092,224 | ||||||
Dollar Tree, Inc. (a) | 156,908 | 6,364,189 | ||||||
Family Dollar Stores, Inc. | 91,974 | 5,832,071 | ||||||
Fred’s, Inc. (Class A) | 194,581 | 2,589,873 | ||||||
Target Corp. | 100,107 | 5,923,331 | ||||||
39,670,814 | ||||||||
HYPERMARKETS & SUPER CENTERS — 3.1% | ||||||||
Costco Wholesale Corp. | 62,476 | 6,170,755 | ||||||
PriceSmart, Inc. (b) | 81,120 | 6,250,296 | ||||||
Wal-Mart Stores, Inc. | 88,096 | 6,010,790 | ||||||
18,431,841 | ||||||||
INTERNET RETAIL — 9.5% | ||||||||
Amazon.com, Inc. (a) | 24,284 | 6,098,684 | ||||||
Blue Nile, Inc. (a)(b) | 159,816 | 6,152,916 | ||||||
Expedia, Inc. | 102,648 | 6,307,720 | ||||||
Groupon, Inc. (a)(b) | 1,228,741 | 5,996,256 | ||||||
HomeAway, Inc. (a) | 287,095 | 6,316,090 | ||||||
Netflix, Inc. (a) | 64,943 | 6,025,411 | ||||||
Priceline.com, Inc. (a) | 9,843 | 6,114,472 | ||||||
Shutterfly, Inc. (a)(b) | 227,875 | 6,806,626 | ||||||
TripAdvisor, Inc. (a) | 145,409 | 6,101,362 | ||||||
55,919,537 | ||||||||
SPECIALTY STORES — 15.5% | ||||||||
Barnes & Noble, Inc. (a)(b) | 383,657 | 5,789,384 | ||||||
Cabela’s, Inc. (a) | 137,883 | 5,756,615 | ||||||
Dick’s Sporting Goods, Inc. | 134,204 | 6,104,940 | ||||||
GNC Holdings, Inc. (Class A) | 183,934 | 6,121,324 | ||||||
Hibbett Sports, Inc. (a) | 119,066 | 6,274,778 | ||||||
Office Depot, Inc. (a)(b) | 1,771,271 | 5,809,769 | ||||||
OfficeMax, Inc. | 627,712 | 6,126,469 | ||||||
PetSmart, Inc. | 87,461 | 5,977,085 | ||||||
Sally Beauty Holdings, Inc. (a) | 258,866 | 6,101,472 | ||||||
Signet Jewelers, Ltd. | 111,168 | 5,936,371 |
See accompanying notes to financial statements.
188
SPDR S&P Retail ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Staples, Inc. | 518,605 | $ | 5,912,097 | |||||
Tiffany & Co. | 104,255 | 5,977,982 | ||||||
Tractor Supply Co. | 71,190 | 6,290,348 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. | 63,751 | 6,264,173 | ||||||
Vitamin Shoppe, Inc. (a) | 108,797 | 6,240,596 | ||||||
90,683,403 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $661,462,672) | 584,171,296 | |||||||
SHORT TERM INVESTMENTS — 7.1% | ||||||||
MONEY MARKET FUNDS — 7.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 34,189,684 | 34,189,684 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 7,486,675 | 7,486,675 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $41,676,359) | 41,676,359 | |||||||
TOTAL INVESTMENTS — 106.8% (f) | ||||||||
(Cost $703,139,031) | 625,847,655 | |||||||
OTHER ASSETS & LIABILITIES — (6.8)% | (39,595,258 | ) | ||||||
NET ASSETS — 100.0% | $ | 586,252,397 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
189
SPDR S&P Semiconductor ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
SEMICONDUCTORS — 99.9% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 354,135 | $ | 849,924 | |||||
Altera Corp. | 25,804 | 888,690 | ||||||
Analog Devices, Inc. | 20,428 | 859,202 | ||||||
Applied Micro Circuits Corp. (a) | 24,885 | 209,034 | ||||||
Atmel Corp. (a) | 148,743 | 974,267 | ||||||
Avago Technologies Ltd. | 27,200 | 861,152 | ||||||
Broadcom Corp. (Class A) (a) | 26,355 | 875,249 | ||||||
Cavium, Inc. (a)(b) | 24,968 | 779,251 | ||||||
CEVA, Inc. (a) | 16,238 | 255,748 | ||||||
Cirrus Logic, Inc. (a)(b) | 33,078 | 958,270 | ||||||
Cree, Inc. (a)(b) | 24,995 | 849,330 | ||||||
Cypress Semiconductor Corp. (a)(b) | 78,732 | 853,455 | ||||||
Diodes, Inc. (a)(b) | 19,659 | 341,084 | ||||||
Entropic Communications, Inc. (a)(b) | 64,816 | 342,877 | ||||||
Fairchild Semiconductor International, Inc. (a) | 60,569 | 872,194 | ||||||
First Solar, Inc. (a)(b) | 25,991 | 802,602 | ||||||
Freescale Semiconductor Holdings I, Ltd. (a)(b) | 59,046 | 650,096 | ||||||
Hittite Microwave Corp. (a) | 8,452 | 524,869 | ||||||
Integrated Device Technology, Inc. (a) | 105,077 | 767,062 | ||||||
Intel Corp. | 41,221 | 850,389 | ||||||
International Rectifier Corp. (a)(b) | 37,093 | 657,659 | ||||||
Intersil Corp. (Class A) (b) | 104,620 | 867,300 | ||||||
Lattice Semiconductor Corp. (a)(b) | 85,835 | 342,482 | ||||||
Linear Technology Corp. (b) | 25,218 | 864,977 | ||||||
LSI Corp. (a) | 125,444 | 888,143 | ||||||
Marvell Technology Group, Ltd. | 103,014 | 747,882 | ||||||
Maxim Integrated Products, Inc. | 28,672 | 842,957 | ||||||
Micrel, Inc. (b) | 15,217 | 144,561 | ||||||
Microchip Technology, Inc. (b) | 26,747 | 871,685 | ||||||
Micron Technology, Inc. (a) | 123,701 | 785,501 | ||||||
Microsemi Corp. (a) | 29,348 | 617,482 | ||||||
MIPS Technologies, Inc. (a)(b) | 85,500 | 668,610 | ||||||
Monolithic Power Systems, Inc. (b) | 16,770 | 373,636 | ||||||
NVIDIA Corp. | 67,222 | 826,158 | ||||||
OmniVision Technologies, Inc. (a)(b) | 60,982 | 858,626 | ||||||
ON Semiconductor Corp. (a) | 122,349 | 862,560 | ||||||
PMC-Sierra, Inc. (a)(b) | 156,438 | 815,042 | ||||||
Power Integrations, Inc. (b) | 13,897 | 467,078 | ||||||
Rambus, Inc. (a) | 48,640 | 237,363 | ||||||
RF Micro Devices, Inc. (a) | 182,406 | 817,179 | ||||||
Semtech Corp. (a)(b) | 28,067 | 812,540 | ||||||
Silicon Image, Inc. (a)(b) | 52,347 | 259,641 | ||||||
Silicon Laboratories, Inc. (a) | 16,570 | 692,792 | ||||||
Skyworks Solutions, Inc. (a) | 42,746 | 867,744 | ||||||
Spansion, Inc. (Class A) (a) | 13,869 | 192,918 | ||||||
Texas Instruments, Inc. | 27,502 | 850,912 | ||||||
TriQuint Semiconductor, Inc. (a)(b) | 180,889 | 875,503 | ||||||
Volterra Semiconductor Corp. (a) | 27,482 | 471,866 | ||||||
Xilinx, Inc. | 23,882 | 857,364 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $37,242,728) | 33,802,906 | |||||||
SHORT TERM INVESTMENTS — 15.6% | ||||||||
MONEY MARKET FUNDS — 15.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 5,121,367 | 5,121,367 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 173,001 | 173,001 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $5,294,368) | 5,294,368 | |||||||
TOTAL INVESTMENTS — 115.5% (f) | ||||||||
(Cost $42,537,096) | 39,097,274 | |||||||
OTHER ASSETS & LIABILITIES — (15.5)% | (5,245,733 | ) | ||||||
NET ASSETS — 100.0% | $ | 33,851,541 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
190
SPDR S&P Software & Services ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
APPLICATION SOFTWARE — 30.6% | ||||||||
ACI Worldwide, Inc. (a) | 1,988 | $ | 86,856 | |||||
Adobe Systems, Inc. (a)(b) | 2,264 | 85,308 | ||||||
Advent Software, Inc. (a)(b) | 3,865 | 82,634 | ||||||
Ansys, Inc. (a)(b) | 1,268 | 85,387 | ||||||
Aspen Technology, Inc. (a) | 3,304 | 91,323 | ||||||
Autodesk, Inc. (a)(b) | 2,487 | 87,915 | ||||||
Blackbaud, Inc. (b) | 3,965 | 90,521 | ||||||
Bottomline Technologies, Inc. (a)(b) | 3,223 | 85,055 | ||||||
BroadSoft, Inc. (a) | 2,660 | 96,638 | ||||||
Cadence Design Systems, Inc. (a)(b) | 6,457 | 87,234 | ||||||
Citrix Systems, Inc. (a) | 1,309 | 86,067 | ||||||
Compuware Corp. (a) | 8,930 | 97,069 | ||||||
Comverse, Inc. (a)(b) | 2,482 | 70,811 | ||||||
Concur Technologies, Inc. (a)(b) | 1,302 | 87,911 | ||||||
Ebix, Inc. (b) | 5,389 | 86,601 | ||||||
Factset Research Systems, Inc. (b) | 905 | 79,694 | ||||||
Fair Isaac Corp. (b) | 2,043 | 85,867 | ||||||
Guidewire Software, Inc. (a)(b) | 2,772 | 82,384 | ||||||
Informatica Corp. (a) | 2,900 | 87,928 | ||||||
Interactive Intelligence Group (a)(b) | 1,276 | 42,797 | ||||||
Intuit, Inc. (b) | 1,414 | 84,133 | ||||||
Manhattan Associates, Inc. (a)(b) | 1,498 | 90,389 | ||||||
Mentor Graphics Corp. (a)(b) | 5,322 | 90,580 | ||||||
MicroStrategy, Inc. (a)(b) | 933 | 87,124 | ||||||
Monotype Imaging Holdings, Inc. (b) | 2,865 | 45,783 | ||||||
Netscout Systems, Inc. (a)(b) | 3,486 | 90,601 | ||||||
Nuance Communications, Inc. (a)(b) | 3,866 | 86,289 | ||||||
Parametric Technology Corp. (a)(b) | 3,852 | 86,709 | ||||||
Pegasystems, Inc. (b) | 3,811 | 86,434 | ||||||
QLIK Technologies, Inc. (a)(b) | 4,270 | 92,744 | ||||||
RealPage, Inc. (a)(b) | 4,178 | 90,120 | ||||||
Salesforce.com, Inc. (a)(b) | 510 | 85,731 | ||||||
Solarwinds, Inc. (a) | 1,570 | 82,347 | ||||||
Solera Holdings, Inc. (b) | 1,605 | 85,819 | ||||||
Splunk, Inc. (a) | 3,087 | 89,585 | ||||||
SS&C Technologies Holdings, Inc. (a)(b) | 3,896 | 90,076 | ||||||
Synchronoss Technologies, Inc. (a)(b) | 4,249 | 89,611 | ||||||
Synopsys, Inc. (a)(b) | 2,671 | 85,045 | ||||||
Tangoe, Inc. (a)(b) | 6,998 | 83,066 | ||||||
TIBCO Software, Inc. (a)(b) | 4,135 | 91,011 | ||||||
TiVo, Inc. (a)(b) | 6,706 | 82,618 | ||||||
Tyler Technologies, Inc. (a)(b) | 1,803 | 87,337 | ||||||
Ultimate Software Group, Inc. (a) | 920 | 86,857 | ||||||
Verint Systems, Inc. (a) | 3,090 | 90,722 | ||||||
VirnetX Holding Corp. (a)(b) | 2,567 | 75,162 | ||||||
3,821,893 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.7% | ||||||||
Comverse Technology, Inc. (a) | 23,904 | 91,791 | ||||||
DATA PROCESSING & OUTSOURCED SERVICES — 20.3% | ||||||||
Alliance Data Systems Corp. (a)(b) | 591 | 85,553 | ||||||
Automatic Data Processing, Inc. | 1,483 | 84,546 | ||||||
Broadridge Financial Solutions, Inc. | 3,690 | 84,427 | ||||||
Cardtronics, Inc. (a) | 3,806 | 90,354 | ||||||
Computer Sciences Corp. | 2,149 | 86,067 | ||||||
Convergys Corp. (b) | 5,234 | 85,890 | ||||||
CoreLogic, Inc. (a) | 3,100 | 83,452 | ||||||
CSG Systems International, Inc. (a)(b) | 4,765 | 86,628 | ||||||
DST Systems, Inc. (b) | 1,393 | 84,416 | ||||||
Euronet Worldwide, Inc. (a)(b) | 3,630 | 85,668 | ||||||
ExlService Holdings, Inc. (a)(b) | 3,193 | 84,615 | ||||||
Fidelity National Information Services, Inc. | 2,398 | 83,474 | ||||||
Fiserv, Inc. (a)(b) | 1,068 | 84,404 | ||||||
FleetCor Technologies, Inc. (a)(b) | 1,688 | 90,561 | ||||||
Genpact, Ltd. | 5,487 | 85,049 | ||||||
Global Payments, Inc. (b) | 1,924 | 87,157 | ||||||
Heartland Payment Systems, Inc. (b) | 2,987 | 88,117 | ||||||
Jack Henry & Associates, Inc. (b) | 2,213 | 86,882 | ||||||
Lender Processing Services, Inc. (b) | 3,416 | 84,102 | ||||||
Mastercard, Inc. (Class A) | 176 | 86,465 | ||||||
NeuStar, Inc. (Class A) (a)(b) | 2,041 | 85,579 | ||||||
Paychex, Inc. (b) | 2,524 | 78,597 | ||||||
Syntel, Inc. | 1,584 | 84,887 | ||||||
TeleTech Holdings, Inc. (a)(b) | 2,765 | 49,217 | ||||||
The Western Union Co. | 6,491 | 88,343 | ||||||
Total System Services, Inc. | 3,875 | 83,003 | ||||||
Vantiv, Inc. (a) | 4,014 | 81,966 | ||||||
VeriFone Systems, Inc. (a)(b) | 2,875 | 85,330 | ||||||
Visa, Inc. (Class A) | 580 | 87,916 | ||||||
WEX, Inc. (a)(b) | 1,186 | 89,389 | ||||||
2,532,054 | ||||||||
DIVERSIFIED COMMERCIAL & PROFESSIONAL SERVICES — 1.4% | ||||||||
CoStar Group, Inc. (a)(b) | 993 | 88,744 | ||||||
Global Cash Access Holdings, Inc. (a) | 11,227 | 88,020 | ||||||
176,764 | ||||||||
HOME ENTERTAINMENT SOFTWARE — 2.5% | ||||||||
Activision Blizzard, Inc. (b) | 7,458 | 79,204 | ||||||
Electronic Arts, Inc. (a)(b) | 5,562 | 80,816 | ||||||
Take-Two Interactive Software, Inc. (a)(b) | 6,496 | 71,521 | ||||||
Zynga, Inc. (Class A) (a) | 33,503 | 79,402 | ||||||
310,943 | ||||||||
INTERNET SOFTWARE & SERVICES — 22.8% | ||||||||
Akamai Technologies, Inc. (a) | 2,184 | 89,347 | ||||||
AOL, Inc. (a)(b) | 2,793 | 82,701 | ||||||
Bankrate, Inc. (a)(b) | 6,690 | 83,290 | ||||||
Blucora, Inc. (a) | 5,805 | 91,197 | ||||||
comScore, Inc. (a)(b) | 5,497 | 75,749 | ||||||
Constant Contact, Inc. (a)(b) | 6,308 | 89,637 | ||||||
Cornerstone OnDemand, Inc. (a) | 3,268 | 96,504 | ||||||
DealerTrack Holdings, Inc. (a)(b) | 3,114 | 89,434 | ||||||
Dice Holdings, Inc. (a)(b) | 10,035 | 92,121 | ||||||
Digital River, Inc. (a) | 5,943 | 85,520 | ||||||
EarthLink, Inc. (b) | 13,359 | 86,299 | ||||||
eBay, Inc. (a)(b) | 1,690 | 86,224 | ||||||
Equinix, Inc. (a) | 429 | 88,460 | ||||||
ExactTarget, Inc. (a) | 4,655 | 93,100 | ||||||
Facebook, Inc. (Class A) (a)(b) | 3,174 | 84,524 | ||||||
Google, Inc. (Class A) (a) | 121 | 85,834 | ||||||
IAC/InterActiveCorp. (b) | 1,885 | 89,160 | ||||||
j2 Global, Inc. (b) | 2,774 | 84,829 |
See accompanying notes to financial statements.
191
SPDR S&P Software & Services ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
LinkedIn Corp. (Class A) (a)(b) | 753 | $ | 86,459 | |||||
Liquidity Services, Inc. (a)(b) | 2,133 | 87,154 | ||||||
LivePerson, Inc. (a)(b) | 6,964 | 91,507 | ||||||
LogMeIn, Inc. (a)(b) | 4,139 | 92,755 | ||||||
Monster Worldwide, Inc. (a)(b) | 14,956 | 84,053 | ||||||
NIC, Inc. (b) | 4,660 | 76,144 | ||||||
OpenTable, Inc. (a)(b) | 1,782 | 86,962 | ||||||
Rackspace Hosting, Inc. (a)(b) | 1,238 | 91,946 | ||||||
United Online, Inc. (b) | 14,484 | 80,966 | ||||||
ValueClick, Inc. (a)(b) | 4,366 | 84,744 | ||||||
VeriSign, Inc. (a)(b) | 2,370 | 92,003 | ||||||
Vocus, Inc. (a)(b) | 3,753 | 65,227 | ||||||
Web.com Group, Inc. (a)(b) | 6,040 | 89,392 | ||||||
WebMD Health Corp. (a) | 5,466 | 78,382 | ||||||
Yahoo!, Inc. (a)(b) | 4,333 | 86,227 | ||||||
2,847,851 | ||||||||
IT CONSULTING & OTHER SERVICES — 9.8% | ||||||||
Accenture PLC (Class A) | 1,212 | 80,598 | ||||||
Acxiom Corp. (a)(b) | 4,811 | 84,000 | ||||||
Booz Allen Hamilton Holding Corp. (b) | 6,035 | 84,007 | ||||||
CACI International, Inc. (Class A) (a) | 1,565 | 86,122 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 1,173 | 86,861 | ||||||
Forrester Research, Inc. (b) | 2,050 | 54,940 | ||||||
Gartner, Inc. (a)(b) | 1,835 | 84,447 | ||||||
iGate Corp. (a) | 3,862 | 60,904 | ||||||
International Business Machines Corp. (b) | 444 | 85,048 | ||||||
ManTech International Corp. (Class A) (b) | 3,369 | 87,392 | ||||||
MAXIMUS, Inc. | 1,351 | 85,410 | ||||||
SAIC, Inc. (b) | 7,292 | 82,545 | ||||||
Sapient Corp. (a) | 8,351 | 88,187 | ||||||
Teradata Corp. (a) | 1,432 | 88,626 | ||||||
Unisys Corp. (a) | 4,953 | 85,687 | ||||||
1,224,774 | ||||||||
SYSTEMS SOFTWARE — 11.7% | ||||||||
BMC Software, Inc. (a) | 2,118 | 84,000 | ||||||
CA, Inc. | 3,893 | 85,568 | ||||||
CommVault Systems, Inc. (a)(b) | 1,252 | 87,277 | ||||||
Fortinet, Inc. (a)(b) | 4,052 | 85,376 | ||||||
Infoblox, Inc. (a)(b) | 4,702 | 84,495 | ||||||
MICROS Systems, Inc. (a)(b) | 2,142 | 90,907 | ||||||
Microsoft Corp. | 3,174 | 84,841 | ||||||
NetSuite, Inc. (a)(b) | 1,321 | 88,903 | ||||||
Oracle Corp. | 2,663 | 88,731 | ||||||
Progress Software Corp. (a) | 4,169 | 87,507 | ||||||
Red Hat, Inc. (a)(b) | 1,695 | 89,767 | ||||||
Rovi Corp. (a) | 5,452 | 84,124 | ||||||
ServiceNow, Inc. (a) | 2,786 | 83,664 | ||||||
Sourcefire, Inc. (a)(b) | 1,874 | 88,490 | ||||||
Symantec Corp. (a) | 4,556 | 85,698 | ||||||
VMware, Inc. (Class A) (a)(b) | 920 | 86,609 | ||||||
Websense, Inc. (a)(b) | 5,346 | 80,404 | ||||||
1,466,361 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $12,259,422) | 12,472,431 | |||||||
SHORT TERM INVESTMENTS — 30.6% | ||||||||
MONEY MARKET FUNDS — 30.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 3,345,124 | 3,345,124 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 485,855 | 485,855 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,830,979) | 3,830,979 | |||||||
TOTAL INVESTMENTS — 130.4% (f) | ||||||||
(Cost $16,090,401) | 16,303,410 | |||||||
OTHER ASSETS & LIABILITIES — (30.4)% | (3,801,459 | ) | ||||||
NET ASSETS — 100.0% | $ | 12,501,951 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
192
SPDR S&P Telecom ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
ALTERNATIVE CARRIERS — 7.9% | ||||||||
8x8, Inc. (a) | 6,249 | $ | 46,180 | |||||
Cogent Communications Group, Inc. | 2,431 | 55,038 | ||||||
Iridium Communications, Inc. (a) | 5,027 | 33,882 | ||||||
Level 3 Communications, Inc. (a) | 5,031 | 116,267 | ||||||
tw telecom, Inc. (a) | 4,305 | 109,648 | ||||||
361,015 | ||||||||
COMMUNICATIONS EQUIPMENT — 57.3% | ||||||||
Acme Packet, Inc. (a) | 4,710 | 104,185 | ||||||
ADTRAN, Inc. | 5,527 | 107,998 | ||||||
Arris Group, Inc. (a) | 5,927 | 88,549 | ||||||
Aruba Networks, Inc. (a) | 5,301 | 109,996 | ||||||
Black Box Corp. | 508 | 12,365 | ||||||
Brocade Communications Systems, Inc. (a) | 19,719 | 105,102 | ||||||
Ciena Corp. (a) | 6,853 | 107,592 | ||||||
Cisco Systems, Inc. | 5,421 | 106,523 | ||||||
Comtech Telecommunications Corp. | 905 | 22,969 | ||||||
EchoStar Corp. (Class A) (a) | 1,301 | 44,520 | ||||||
Emulex Corp. (a) | 8,323 | 60,758 | ||||||
F5 Networks, Inc. (a) | 1,191 | 115,706 | ||||||
Finisar Corp. (a) | 7,187 | 117,148 | ||||||
Harmonic, Inc. (a) | 3,350 | 16,984 | ||||||
Harris Corp. | 2,235 | 109,426 | ||||||
Infinera Corp. (a) | 6,302 | 36,615 | ||||||
InterDigital, Inc. | 2,516 | 103,408 | ||||||
Ixia (a) | 3,576 | 60,720 | ||||||
JDS Uniphase Corp. (a) | 8,558 | 115,875 | ||||||
Juniper Networks, Inc. (a) | 5,496 | 108,106 | ||||||
Loral Space & Communications, Inc. | 1,988 | 108,664 | ||||||
Motorola Solutions, Inc. | 1,992 | 110,915 | ||||||
Netgear, Inc. (a) | 2,950 | 116,289 | ||||||
Plantronics, Inc. | 1,626 | 59,951 | ||||||
Polycom, Inc. (a) | 10,303 | 107,769 | ||||||
Procera Networks, Inc. (a) | 2,561 | 47,506 | ||||||
QUALCOMM, Inc. | 1,800 | 111,636 | ||||||
Riverbed Technology, Inc. (a) | 6,062 | 119,543 | ||||||
Sonus Networks, Inc. (a) | 13,139 | 22,336 | ||||||
Tellabs, Inc. | 25,146 | 57,333 | ||||||
ViaSat, Inc. (a) | 2,288 | 89,003 | ||||||
2,605,490 | ||||||||
INTEGRATED TELECOMMUNICATION SERVICES — 14.7% | ||||||||
AT&T, Inc. | 3,166 | 106,726 | ||||||
CenturyLink, Inc. | 2,756 | 107,815 | ||||||
Cincinnati Bell, Inc. (a) | 20,906 | 114,565 | ||||||
Consolidated Communications Holdings, Inc. | 1,871 | 29,786 | ||||||
Frontier Communications Corp. | 23,405 | 100,173 | ||||||
Verizon Communications, Inc. | 2,435 | 105,362 | ||||||
Windstream Corp. | 12,235 | 101,306 | ||||||
665,733 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 19.8% | ||||||||
Clearwire Corp. (Class A) (a) | 31,948 | 92,330 | ||||||
Crown Castle International Corp. (a) | 1,513 | 109,178 | ||||||
Leap Wireless International, Inc. (a) | 16,437 | 109,306 | ||||||
MetroPCS Communications, Inc. (a) | 10,713 | 106,487 | ||||||
NII Holdings, Inc. (a) | 17,036 | 121,467 | ||||||
SBA Communications Corp. (Class A) (a) | 1,546 | 109,797 | ||||||
Sprint Nextel Corp. (a) | 19,399 | 109,992 | ||||||
Telephone & Data Systems, Inc. | 4,870 | 107,822 | ||||||
US Cellular Corp. (a) | 978 | 34,465 | ||||||
900,844 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,246,678) | 4,533,082 | |||||||
SHORT TERM INVESTMENT — 2.7% | ||||||||
MONEY MARKET FUND — 2.7% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (b)(c) (Cost $121,249) | 121,249 | 121,249 | ||||||
TOTAL INVESTMENTS — 102.4% (d) | ||||||||
(Cost $5,367,927) | 4,654,331 | |||||||
OTHER ASSETS & LIABILITIES — (2.4)% | (109,542 | ) | ||||||
NET ASSETS — 100.0% | $ | 4,544,789 | ||||||
(a) | Non-income producing security. | |||||
(b) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(c) | The rate shown is the annualized seven-day yield at period end. | |||||
(d) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
193
SPDR S&P Transportation ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AIR FREIGHT & LOGISTICS — 20.4% | ||||||||
Atlas Air Worldwide Holdings, Inc. (a) | 7,546 | $ | 334,363 | |||||
C.H. Robinson Worldwide, Inc. | 7,180 | 453,920 | ||||||
Expeditors International of Washington, Inc. | 11,559 | 457,158 | ||||||
FedEx Corp. | 4,904 | 449,795 | ||||||
Forward Air Corp. | 3,603 | 126,141 | ||||||
HUB Group, Inc. (Class A) (a) | 7,377 | 247,867 | ||||||
United Parcel Service, Inc. (Class B) | 6,064 | 447,099 | ||||||
UTI Worldwide, Inc. | 17,092 | 229,033 | ||||||
2,745,376 | ||||||||
AIRLINES — 24.7% | ||||||||
Alaska Air Group, Inc. (a) | 10,236 | 441,069 | ||||||
Allegiant Travel Co. | 2,587 | 189,912 | ||||||
Delta Air Lines, Inc. (a) | 39,375 | 467,381 | ||||||
JetBlue Airways Corp. (a) | 79,889 | 456,166 | ||||||
SkyWest, Inc. | 10,239 | 127,578 | ||||||
Southwest Airlines Co. | 43,355 | 443,955 | ||||||
Spirit Airlines, Inc. (a) | 15,845 | 280,774 | ||||||
United Continental Holdings, Inc. (a) | 19,200 | 448,896 | ||||||
US Airways Group, Inc. (a) | 34,434 | 464,859 | ||||||
3,320,590 | ||||||||
MARINE — 4.5% | ||||||||
Kirby Corp. (a) | 7,596 | 470,116 | ||||||
Matson, Inc. | 5,408 | 133,686 | ||||||
603,802 | ||||||||
RAILROADS — 16.6% | ||||||||
CSX Corp. | 22,346 | 440,886 | ||||||
Genesee & Wyoming, Inc. (Class A) (a) | 6,007 | 457,012 | ||||||
Kansas City Southern | 5,395 | 450,375 | ||||||
Norfolk Southern Corp. | 7,200 | 445,248 | ||||||
Union Pacific Corp. | 3,554 | 446,809 | ||||||
2,240,330 | ||||||||
TRUCKING — 33.6% | ||||||||
AMERCO, Inc. | 855 | 108,423 | ||||||
Avis Budget Group, Inc. (a) | 23,094 | 457,723 | ||||||
Con-way, Inc. | 15,739 | 437,859 | ||||||
Heartland Express, Inc. | 11,600 | 151,612 | ||||||
Hertz Global Holdings, Inc. (a) | 27,733 | 451,216 | ||||||
J.B. Hunt Transport Services, Inc. | 7,770 | 463,947 | ||||||
Knight Transportation, Inc. | 16,143 | 236,172 | ||||||
Landstar System, Inc. | 8,881 | 465,897 | ||||||
Old Dominion Freight Line, Inc. (a) | 13,310 | 456,267 | ||||||
Ryder Systems, Inc. | 8,907 | 444,726 | ||||||
Swift Transportation Co. (a) | 44,014 | 401,408 | ||||||
Werner Enterprises, Inc. | 20,465 | 443,476 | ||||||
4,518,726 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $12,627,289) | 13,428,824 | |||||||
SHORT TERM INVESTMENT — 0.7% | ||||||||
MONEY MARKET FUND — 0.7% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (b)(c) (Cost $95,189) | 95,189 | 95,189 | ||||||
TOTAL INVESTMENTS — 100.5% (d) | ||||||||
(Cost $12,722,478) | 13,524,013 | |||||||
OTHER ASSETS & LIABILITIES — (0.5)% | (73,807 | ) | ||||||
NET ASSETS — 100.0% | $ | 13,450,206 | ||||||
(a) | Non-income producing security. | |||||
(b) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(c) | The rate shown is the annualized seven-day yield at period end. | |||||
(d) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
See accompanying notes to financial statements.
194
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 1.6% | ||||||||
BE Aerospace, Inc. (a) | 28 | $ | 1,383 | |||||
Cubic Corp. | 4 | 192 | ||||||
Curtiss-Wright Corp. | 4 | 131 | ||||||
Engility Holdings, Inc. (a) | 2 | 39 | ||||||
Esterline Technologies Corp. (a) | 4 | 254 | ||||||
Exelis, Inc. | 12 | 135 | ||||||
GenCorp, Inc. (a) | 50 | 458 | ||||||
General Dynamics Corp. | 64 | 4,433 | ||||||
Honeywell International, Inc. | 314 | 19,930 | ||||||
Huntington Ingalls Industries, Inc. | 36 | 1,560 | ||||||
L-3 Communications Holdings, Inc. | 30 | 2,299 | ||||||
Lockheed Martin Corp. | 154 | 14,213 | ||||||
Moog, Inc. (Class A) (a) | 4 | 164 | ||||||
Northrop Grumman Corp. | 110 | 7,434 | ||||||
Orbital Sciences Corp. (a) | 4 | 55 | ||||||
Precision Castparts Corp. | 16 | 3,031 | ||||||
Raytheon Co. | 204 | 11,742 | ||||||
Rockwell Collins, Inc. | 16 | 931 | ||||||
Teledyne Technologies, Inc. (a) | 14 | 911 | ||||||
Textron, Inc. | 184 | 4,561 | ||||||
The Boeing Co. | 158 | 11,907 | ||||||
Triumph Group, Inc. | 10 | 653 | ||||||
United Technologies Corp. | 124 | 10,169 | ||||||
96,585 | ||||||||
AIR FREIGHT & LOGISTICS — 0.2% | ||||||||
C.H. Robinson Worldwide, Inc. | 4 | 253 | ||||||
Expeditors International of Washington, Inc. | 4 | 158 | ||||||
FedEx Corp. | 44 | 4,036 | ||||||
Forward Air Corp. | 2 | 70 | ||||||
HUB Group, Inc. (Class A) (a) | 2 | 67 | ||||||
United Parcel Service, Inc. (Class B) | 136 | 10,027 | ||||||
UTI Worldwide, Inc. | 6 | 81 | ||||||
14,692 | ||||||||
AIRLINES — 0.0% (b) | ||||||||
Alaska Air Group, Inc. (a) | 14 | 603 | ||||||
Allegiant Travel Co. (a) | 8 | 587 | ||||||
JetBlue Airways Corp. (a) | 44 | 251 | ||||||
SkyWest, Inc. | 2 | 25 | ||||||
Southwest Airlines Co. | 110 | 1,127 | ||||||
2,593 | ||||||||
AUTO COMPONENTS — 0.0% (b) | ||||||||
BorgWarner, Inc. (a) | 8 | 573 | ||||||
Drew Industries, Inc. (a) | 10 | 322 | ||||||
Gentex Corp. | 4 | 75 | ||||||
Johnson Controls, Inc. | 14 | 430 | ||||||
Spartan Motors, Inc. | 4 | 20 | ||||||
Standard Motor Products, Inc. | 10 | 222 | ||||||
Superior Industries International, Inc. | 2 | 41 | ||||||
The Goodyear Tire & Rubber Co. (a) | 6 | 83 | ||||||
1,766 | ||||||||
AUTOMOBILES — 0.1% | ||||||||
Ford Motor Co. | 80 | 1,036 | ||||||
Harley-Davidson, Inc. | 52 | 2,539 | ||||||
Thor Industries, Inc. | 30 | 1,123 | ||||||
Winnebago Industries, Inc. (a) | 22 | 377 | ||||||
5,075 | ||||||||
BEVERAGES — 1.9% | ||||||||
Beam, Inc. | 64 | 3,910 | ||||||
Boston Beer Co., Inc. (Class A) (a) | 4 | 538 | ||||||
Brown-Forman Corp. (Class B) | 92 | 5,819 | ||||||
Coca-Cola Enterprises, Inc. | 122 | 3,871 | ||||||
Constellation Brands, Inc. (Class A) (a) | 116 | 4,105 | ||||||
Dr. Pepper Snapple Group, Inc. | 112 | 4,948 | ||||||
Molson Coors Brewing Co. (Class B) | 36 | 1,541 | ||||||
Monster Beverage Corp. (a) | 74 | 3,913 | ||||||
PepsiCo, Inc. | 626 | 42,837 | ||||||
The Coca-Cola Co. | 1,228 | 44,515 | ||||||
115,997 | ||||||||
BIOTECHNOLOGY — 2.7% | ||||||||
Alexion Pharmaceuticals, Inc. (a) | 160 | 15,010 | ||||||
Amgen, Inc. | 570 | 49,203 | ||||||
ArQule, Inc. (a) | 2 | 6 | ||||||
Biogen Idec, Inc. (a) | 134 | 19,654 | ||||||
Celgene Corp. (a) | 174 | 13,697 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 34 | 1,430 | ||||||
Gilead Sciences, Inc. (a) | 592 | 43,482 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 4 | 47 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 62 | 10,606 | ||||||
Spectrum Pharmaceuticals, Inc. | 10 | 112 | ||||||
United Therapeutics Corp. (a) | 28 | 1,496 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 160 | 6,710 | ||||||
161,453 | ||||||||
BUILDING PRODUCTS — 0.2% | ||||||||
A.O. Smith Corp. | 30 | 1,892 | ||||||
AAON, Inc. | 2 | 42 | ||||||
Apogee Enterprises, Inc. | 24 | 575 | ||||||
Fortune Brands Home & Security, Inc. (a) | 132 | 3,857 | ||||||
Gibraltar Industries, Inc. (a) | 10 | 159 | ||||||
Griffon Corp. | 10 | 115 | ||||||
Lennox International, Inc. | 36 | 1,891 | ||||||
Masco Corp. | 280 | 4,665 | ||||||
NCI Building Systems, Inc. (a) | 4 | 56 | ||||||
Quanex Building Products Corp. | 22 | 449 | ||||||
Simpson Manufacturing Co., Inc. | 2 | 65 | ||||||
Universal Forest Products, Inc. | 14 | 532 | ||||||
14,298 | ||||||||
CAPITAL MARKETS — 1.5% | ||||||||
Affiliated Managers Group, Inc. (a) | 32 | 4,165 | ||||||
Ameriprise Financial, Inc. | 112 | 7,014 | ||||||
Apollo Investment Corp. | 38 | 318 | ||||||
BlackRock, Inc. | 50 | 10,335 | ||||||
Calamos Asset Management, Inc. (Class A) | 2 | 21 | ||||||
E*TRADE Financial Corp. (a) | 6 | 54 | ||||||
Eaton Vance Corp. | 32 | 1,019 | ||||||
Federated Investors, Inc. (Class B) | 26 | 526 | ||||||
Financial Engines, Inc. (a) | 8 | 222 | ||||||
Franklin Resources, Inc. | 68 | 8,547 | ||||||
Greenhill & Co., Inc. | 20 | 1,040 | ||||||
HFF, Inc. (Class A) (a) | 22 | 328 | ||||||
Invesco, Ltd. | 254 | 6,627 | ||||||
Janus Capital Group, Inc. | 138 | 1,176 |
See accompanying notes to financial statements.
195
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Jefferies Group, Inc. | 24 | $ | 446 | |||||
Legg Mason, Inc. | 8 | 206 | ||||||
Morgan Stanley | 88 | 1,682 | ||||||
Northern Trust Corp. | 88 | 4,414 | ||||||
Piper Jaffray Co., Inc. (a) | 8 | 257 | ||||||
Prospect Capital Corp. | 94 | 1,022 | ||||||
Raymond James Financial, Inc. | 60 | 2,312 | ||||||
SEI Investments Co. | 88 | 2,054 | ||||||
State Street Corp. (c) | 92 | 4,325 | ||||||
Stifel Financial Corp. (a) | 10 | 320 | ||||||
SWS Group, Inc. (a) | 6 | 32 | ||||||
T. Rowe Price Group, Inc. | 134 | 8,727 | ||||||
The Bank of New York Mellon Corp. | 274 | 7,042 | ||||||
The Charles Schwab Corp. | 208 | 2,987 | ||||||
The Goldman Sachs Group, Inc. | 86 | 10,970 | ||||||
Virtus Investment Partners, Inc. (a) | 4 | 484 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 42 | 1,462 | ||||||
90,134 | ||||||||
CHEMICALS — 2.6% | ||||||||
A. Schulman, Inc. | 10 | 289 | ||||||
Air Products & Chemicals, Inc. | 22 | 1,848 | ||||||
Airgas, Inc. | 34 | 3,104 | ||||||
Albemarle Corp. | 10 | 621 | ||||||
American Vanguard Corp. | 20 | 621 | ||||||
Ashland, Inc. | 50 | 4,021 | ||||||
Balchem Corp. | 4 | 146 | ||||||
Cabot Corp. | 32 | 1,273 | ||||||
Calgon Carbon Corp. (a) | 2 | 28 | ||||||
CF Industries Holdings, Inc. | 44 | 8,939 | ||||||
Cytec Industries, Inc. | 34 | 2,340 | ||||||
E. I. du Pont de Nemours & Co. | 216 | 9,714 | ||||||
Eastman Chemical Co. | 114 | 7,758 | ||||||
Ecolab, Inc. | 128 | 9,203 | ||||||
FMC Corp. | 102 | 5,969 | ||||||
H.B. Fuller Co. | 36 | 1,254 | ||||||
Hawkins, Inc. | 2 | 77 | ||||||
Innophos Holdings, Inc. | 6 | 279 | ||||||
International Flavors & Fragrances, Inc. | 8 | 532 | ||||||
Intrepid Potash, Inc. (a) | 2 | 43 | ||||||
Koppers Holdings, Inc. | 4 | 153 | ||||||
Kraton Performance Polymers, Inc. (a) | 20 | 481 | ||||||
LSB Industries, Inc. (a) | 10 | 354 | ||||||
LyondellBasell Industries NV | 280 | 15,985 | ||||||
Minerals Technologies, Inc. | 20 | 798 | ||||||
Monsanto Co. | 282 | 26,691 | ||||||
NewMarket Corp. | 6 | 1,573 | ||||||
Olin Corp. | 36 | 777 | ||||||
PolyOne Corp. | 66 | 1,348 | ||||||
PPG Industries, Inc. | 106 | 14,347 | ||||||
Praxair, Inc. | 56 | 6,129 | ||||||
Quaker Chemical Corp. | 10 | 539 | ||||||
RPM International, Inc. | 80 | 2,349 | ||||||
Sensient Technologies Corp. | 8 | 285 | ||||||
Sigma-Aldrich Corp. | 34 | 2,502 | ||||||
Stepan Co. | 8 | 444 | ||||||
The Dow Chemical Co. | 228 | 7,369 | ||||||
The Mosaic Co. | 30 | 1,699 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 2 | 88 | ||||||
The Sherwin-Williams Co. | 70 | 10,767 | ||||||
Tredegar Corp. | 2 | 41 | ||||||
Valspar Corp. | 66 | 4,118 | ||||||
Zep, Inc. | 2 | 29 | ||||||
156,925 | ||||||||
COMMERCIAL BANKS — 4.5% | ||||||||
Associated Banc-Corp. | 76 | 997 | ||||||
BancorpSouth, Inc. | 62 | 901 | ||||||
Bank of Hawaii Corp. | 12 | 529 | ||||||
Bank of the Ozarks, Inc. | 20 | 669 | ||||||
BB&T Corp. | 518 | 15,079 | ||||||
BBCN Bancorp, Inc. | 58 | 671 | ||||||
Boston Private Financial Holdings, Inc. | 46 | 414 | ||||||
Cathay General Bancorp | 38 | 741 | ||||||
City Holding Co. | 4 | 139 | ||||||
City National Corp. | 24 | 1,189 | ||||||
Columbia Banking System, Inc. | 6 | 108 | ||||||
Comerica, Inc. | 102 | 3,095 | ||||||
Commerce Bancshares, Inc. | 21 | 736 | ||||||
Community Bank System, Inc. | 14 | 383 | ||||||
Cullen/Frost Bankers, Inc. | 30 | 1,628 | ||||||
CVB Financial Corp. | 46 | 478 | ||||||
East West Bancorp, Inc. | 34 | 731 | ||||||
F.N.B. Corp. | 56 | 595 | ||||||
Fifth Third Bancorp | 564 | 8,567 | ||||||
First BanCorp- Puerto Rico (a) | 38 | 174 | ||||||
First Commonwealth Financial Corp. | 82 | 559 | ||||||
First Financial Bancorp | 14 | 205 | ||||||
First Financial Bankshares, Inc. | 12 | 468 | ||||||
First Horizon National Corp. | 174 | 1,724 | ||||||
First Midwest Bancorp, Inc. | 52 | 651 | ||||||
First Niagara Financial Group, Inc. | 22 | 174 | ||||||
FirstMerit Corp. | 26 | 369 | ||||||
Fulton Financial Corp. | 38 | 365 | ||||||
Glacier Bancorp, Inc. | 54 | 794 | ||||||
Hancock Holding Co. | 16 | 508 | ||||||
Hanmi Financial Corp. (a) | 24 | 326 | ||||||
Home Bancshares, Inc. | 18 | 594 | ||||||
Huntington Bancshares, Inc. | 598 | 3,821 | ||||||
Independent Bank Corp.-Massachusetts | 10 | 290 | ||||||
International Bancshares Corp. | 10 | 181 | ||||||
Keycorp | 498 | 4,193 | ||||||
M&T Bank Corp. | 68 | 6,696 | ||||||
National Penn Bancshares, Inc. | 60 | 559 | ||||||
NBT Bancorp, Inc. | 6 | 122 | ||||||
Old National Bancorp | 50 | 594 | ||||||
PacWest Bancorp | 22 | 545 | ||||||
Pinnacle Financial Partners, Inc. (a) | 18 | 339 | ||||||
PNC Financial Services Group, Inc. | 234 | 13,645 | ||||||
PrivateBancorp, Inc. | 46 | 705 | ||||||
Prosperity Bancshares, Inc. | 12 | 504 | ||||||
Regions Financial Corp. | 1,166 | 8,302 | ||||||
S&T Bancorp, Inc. | 4 | 72 | ||||||
Signature Bank (a) | 22 | 1,570 | ||||||
Simmons First National Corp. | 2 | 51 | ||||||
Sterling Bancorp | 16 | 146 | ||||||
SunTrust Banks, Inc. | 398 | 11,283 | ||||||
Susquehanna Bancshares, Inc. | 138 | 1,446 | ||||||
SVB Financial Group (a) | 28 | 1,567 | ||||||
Synovus Financial Corp. | 616 | 1,509 |
See accompanying notes to financial statements.
196
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
TCF Financial Corp. | 52 | $ | 632 | |||||
Texas Capital Bancshares, Inc. (a) | 34 | 1,524 | ||||||
Tompkins Financial Corp. | 2 | 79 | ||||||
Trustmark Corp. | 24 | 539 | ||||||
U.S. Bancorp | 1,322 | 42,225 | ||||||
UMB Financial Corp. | 22 | 964 | ||||||
Umpqua Holdings Corp. | 40 | 472 | ||||||
United Bankshares, Inc. | 10 | 243 | ||||||
United Community Banks, Inc. (a) | 14 | 132 | ||||||
Valley National Bancorp | 12 | 112 | ||||||
Webster Financial Corp. | 38 | 781 | ||||||
Wells Fargo & Co. | 3,415 | 116,725 | ||||||
Westamerica Bancorporation | 6 | 256 | ||||||
Wilshire Bancorp, Inc. (a) | 52 | 305 | ||||||
Wintrust Financial Corp. | 22 | 807 | ||||||
Zions Bancorporation | 82 | 1,755 | ||||||
270,252 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.5% | ||||||||
ABM Industries, Inc. | 4 | 80 | ||||||
Avery Dennison Corp. | 54 | 1,886 | ||||||
Cintas Corp. | 80 | 3,272 | ||||||
Clean Harbors, Inc. (a) | 2 | 110 | ||||||
Copart, Inc. (a) | 62 | 1,829 | ||||||
Corrections Corp. of America | 78 | 2,767 | ||||||
Deluxe Corp. | 34 | 1,096 | ||||||
G & K Services, Inc. (Class A) | 10 | 341 | ||||||
Healthcare Services Group, Inc. | 44 | 1,022 | ||||||
Herman Miller, Inc. | 4 | 86 | ||||||
HNI Corp. | 10 | 301 | ||||||
Interface, Inc. | 8 | 129 | ||||||
Iron Mountain, Inc. | 48 | 1,490 | ||||||
Mine Safety Appliances Co. | 12 | 512 | ||||||
Mobile Mini, Inc. (a) | 2 | 42 | ||||||
Pitney Bowes, Inc. | 4 | 43 | ||||||
R.R. Donnelley & Sons Co. | 4 | 36 | ||||||
Republic Services, Inc. | 32 | 938 | ||||||
Rollins, Inc. | 16 | 353 | ||||||
Stericycle, Inc. (a) | 20 | 1,865 | ||||||
Tetra Tech, Inc. (a) | 30 | 793 | ||||||
The ADT Corp. | 14 | 651 | ||||||
The Brink’s Co. | 4 | 114 | ||||||
The Geo Group, Inc. | 57 | 1,607 | ||||||
Tyco International, Ltd. | 244 | 7,137 | ||||||
UniFirst Corp. | 8 | 587 | ||||||
Viad Corp. | 2 | 54 | ||||||
Waste Connections, Inc. | 2 | 68 | ||||||
Waste Management, Inc. | 46 | 1,552 | ||||||
30,761 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.4% | ||||||||
ADTRAN, Inc. | 2 | 39 | ||||||
Arris Group, Inc. (a) | 50 | 747 | ||||||
Bel Fuse, Inc. (Class B) | 2 | 39 | ||||||
Black Box Corp. | 2 | 49 | ||||||
Ciena Corp. (a) | 14 | 220 | ||||||
Cisco Systems, Inc. | 782 | 15,366 | ||||||
F5 Networks, Inc. (a) | 8 | 777 | ||||||
Harmonic, Inc. (a) | 2 | 10 | ||||||
Harris Corp. | 78 | 3,819 | ||||||
JDS Uniphase Corp. (a) | 34 | 460 | ||||||
Juniper Networks, Inc. (a) | 12 | 236 | ||||||
Motorola Solutions, Inc. | 66 | 3,675 | ||||||
Netgear, Inc. (a) | 8 | 315 | ||||||
Oplink Communications, Inc. (a) | 2 | 31 | ||||||
PC-Tel, Inc. | 2 | 15 | ||||||
Plantronics, Inc. | 8 | 295 | ||||||
Polycom, Inc. (a) | 4 | 42 | ||||||
QUALCOMM, Inc. | 900 | 55,818 | ||||||
Riverbed Technology, Inc. (a) | 4 | 79 | ||||||
Symmetricom, Inc. (a) | 28 | 162 | ||||||
Tellabs, Inc. | 8 | 18 | ||||||
82,212 | ||||||||
COMPUTERS & PERIPHERALS — 7.4% | ||||||||
3D Systems Corp. (a) | 40 | 2,134 | ||||||
Apple, Inc. | 771 | 410,966 | ||||||
Avid Technology, Inc. (a) | 24 | 182 | ||||||
Dell, Inc. | 30 | 304 | ||||||
Diebold, Inc. | 12 | 367 | ||||||
EMC Corp. (a) | 576 | 14,573 | ||||||
Hewlett-Packard Co. | 42 | 599 | ||||||
Intermec, Inc. (a) | 2 | 20 | ||||||
Lexmark International, Inc. (Class A) | 2 | 46 | ||||||
NCR Corp. (a) | 84 | 2,140 | ||||||
NetApp, Inc. (a) | 8 | 269 | ||||||
QLogic Corp. (a) | 2 | 20 | ||||||
SanDisk Corp. (a) | 6 | 261 | ||||||
Seagate Technology PLC | 292 | 8,900 | ||||||
Western Digital Corp. | 164 | 6,968 | ||||||
447,749 | ||||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
Aecom Technology Corp. (a) | 12 | 285 | ||||||
Aegion Corp. (a) | 22 | 488 | ||||||
Comfort Systems USA, Inc. | 4 | 49 | ||||||
EMCOR Group, Inc. | 24 | 831 | ||||||
Fluor Corp. | 18 | 1,057 | ||||||
Granite Construction, Inc. | 22 | 740 | ||||||
Jacobs Engineering Group, Inc. (a) | 20 | 851 | ||||||
KBR, Inc. | 28 | 838 | ||||||
Orion Marine Group, Inc. (a) | 6 | 44 | ||||||
Quanta Services, Inc. (a) | 86 | 2,347 | ||||||
The Shaw Group, Inc. (a) | 54 | 2,517 | ||||||
URS Corp. | 8 | 314 | ||||||
10,361 | ||||||||
CONSTRUCTION MATERIALS — 0.2% | ||||||||
Eagle Materials, Inc. | 38 | 2,223 | ||||||
Headwaters, Inc. (a) | 50 | 428 | ||||||
Martin Marietta Materials, Inc. | 18 | 1,697 | ||||||
Texas Industries, Inc. (a) | 14 | 714 | ||||||
Vulcan Materials Co. | 96 | 4,997 | ||||||
10,059 | ||||||||
CONSUMER FINANCE — 1.0% | ||||||||
American Express Co. | 312 | 17,934 | ||||||
Capital One Financial Corp. | 308 | 17,842 | ||||||
Discover Financial Services | 424 | 16,345 | ||||||
Encore Capital Group, Inc. (a) | 4 | 123 | ||||||
First Cash Financial Services, Inc. (a) | 6 | 298 |
See accompanying notes to financial statements.
197
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Portfolio Recovery Associates, Inc. (a) | 12 | $ | 1,282 | |||||
SLM Corp. | 208 | 3,563 | ||||||
World Acceptance Corp. (a) | 2 | 149 | ||||||
57,536 | ||||||||
CONTAINERS & PACKAGING — 0.2% | ||||||||
AptarGroup, Inc. | 16 | 764 | ||||||
Ball Corp. | 82 | 3,669 | ||||||
Bemis Co., Inc. | 42 | 1,405 | ||||||
Greif, Inc. (Class A) | 4 | 178 | ||||||
Myers Industries, Inc. | 20 | 303 | ||||||
Owens-Illinois, Inc. (a) | 10 | 213 | ||||||
Packaging Corp. of America | 72 | 2,770 | ||||||
Rock-Tenn Co. (Class A) | 38 | 2,657 | ||||||
Sealed Air Corp. | 4 | 70 | ||||||
Silgan Holdings, Inc. | 20 | 832 | ||||||
Sonoco Products Co. | 14 | 416 | ||||||
13,277 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. | 36 | 2,289 | ||||||
LKQ Corp. (a) | 170 | 3,587 | ||||||
Pool Corp. | 34 | 1,439 | ||||||
VOXX International Corp. (a) | 4 | 27 | ||||||
7,342 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
American Public Education, Inc. (a) | 2 | 72 | ||||||
Apollo Group, Inc. (Class A) (a) | 2 | 42 | ||||||
Capella Education Co. (a) | 2 | 56 | ||||||
Career Education Corp. (a) | 2 | 7 | ||||||
Coinstar, Inc. (a) | 2 | 104 | ||||||
Corinthian Colleges, Inc. (a) | 42 | 103 | ||||||
DeVry, Inc. | 2 | 47 | ||||||
H&R Block, Inc. | 120 | 2,228 | ||||||
Hillenbrand, Inc. | 2 | 45 | ||||||
Regis Corp. | 18 | 305 | ||||||
Service Corp. International | 150 | 2,072 | ||||||
Sotheby’s | 4 | 135 | ||||||
Universal Technical Institute, Inc. | 2 | 20 | ||||||
5,236 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 3.0% | ||||||||
Bank of America Corp. | 6,606 | 76,630 | ||||||
CBOE Holdings, Inc. | 32 | 943 | ||||||
Citigroup, Inc. | 434 | 17,169 | ||||||
CME Group, Inc. | 72 | 3,651 | ||||||
Interactive Brokers Group, Inc. (Class A) | 2 | 27 | ||||||
IntercontinentalExchange, Inc. (a) | 10 | 1,238 | ||||||
JPMorgan Chase & Co. | 1,686 | 74,134 | ||||||
Leucadia National Corp. | 4 | 95 | ||||||
MarketAxess Holdings, Inc. | 8 | 282 | ||||||
Moody’s Corp. | 110 | 5,535 | ||||||
MSCI, Inc. (Class A) (a) | 24 | 744 | ||||||
NYSE Euronext | 26 | 820 | ||||||
The NASDAQ OMX Group, Inc. | 8 | 200 | ||||||
181,468 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.6% | ||||||||
AT&T, Inc. | 3,768 | 127,019 | ||||||
Atlantic Tele-Network, Inc. | 4 | 147 | ||||||
Cbeyond, Inc. (a) | 14 | 126 | ||||||
CenturyLink, Inc. | 330 | 12,910 | ||||||
Cincinnati Bell, Inc. (a) | 162 | 888 | ||||||
Frontier Communications Corp. | 22 | 94 | ||||||
General Communication, Inc. (Class A) (a) | 4 | 38 | ||||||
tw telecom, Inc. (a) | 112 | 2,853 | ||||||
Verizon Communications, Inc. | 1,626 | 70,357 | ||||||
Windstream Corp. | 38 | 315 | ||||||
214,747 | ||||||||
ELECTRIC UTILITIES — 1.3% | ||||||||
ALLETE, Inc. | 8 | 328 | ||||||
American Electric Power Co., Inc. | 194 | 8,280 | ||||||
Cleco Corp. | 24 | 960 | ||||||
Duke Energy Corp. | 164 | 10,463 | ||||||
Edison International | 130 | 5,875 | ||||||
El Paso Electric Co. | 10 | 319 | ||||||
Entergy Corp. | 34 | 2,168 | ||||||
Exelon Corp. | 18 | 535 | ||||||
FirstEnergy Corp. | 62 | 2,589 | ||||||
Great Plains Energy, Inc. | 42 | 853 | ||||||
Hawaiian Electric Industries, Inc. | 22 | 553 | ||||||
IDACORP, Inc. | 12 | 520 | ||||||
NextEra Energy, Inc. | 242 | 16,744 | ||||||
Northeast Utilities | 112 | 4,377 | ||||||
NV Energy, Inc. | 94 | 1,705 | ||||||
OGE Energy Corp. | 22 | 1,239 | ||||||
Pepco Holdings, Inc. | 24 | 471 | ||||||
Pinnacle West Capital Corp. | 48 | 2,447 | ||||||
PNM Resources, Inc. | 36 | 738 | ||||||
PPL Corp. | 86 | 2,462 | ||||||
The Southern Co. | 240 | 10,274 | ||||||
UIL Holdings Corp. | 12 | 430 | ||||||
UNS Energy Corp. | 16 | 679 | ||||||
Westar Energy, Inc. | 40 | 1,145 | ||||||
Xcel Energy, Inc. | 134 | 3,579 | ||||||
79,733 | ||||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||||
Acuity Brands, Inc. | 30 | 2,032 | ||||||
AMETEK, Inc. | 158 | 5,936 | ||||||
AZZ, Inc. | 20 | 769 | ||||||
Belden, Inc. | 16 | 720 | ||||||
Brady Corp. (Class A) | 6 | 200 | ||||||
Eaton Corp. PLC | 103 | 5,582 | ||||||
Emerson Electric Co. | 108 | 5,720 | ||||||
Encore Wire Corp. | 4 | 121 | ||||||
EnerSys (a) | 38 | 1,430 | ||||||
Franklin Electric Co., Inc. | 12 | 746 | ||||||
General Cable Corp. (a) | 10 | 304 | ||||||
Hubbell, Inc. (Class B) | 38 | 3,216 | ||||||
II-VI, Inc. (a) | 6 | 110 | ||||||
Powell Industries, Inc. (a) | 4 | 166 | ||||||
Regal-Beloit Corp. | 28 | 1,973 | ||||||
Rockwell Automation, Inc. | 26 | 2,184 | ||||||
Roper Industries, Inc. | 68 | 7,581 | ||||||
38,790 | ||||||||
See accompanying notes to financial statements.
198
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.4% | ||||||||
Agilysys, Inc. (a) | 2 | $ | 17 | |||||
Amphenol Corp. (Class A) | 86 | 5,564 | ||||||
Anixter International, Inc. | 6 | 384 | ||||||
Arrow Electronics, Inc. (a) | 6 | 228 | ||||||
Avnet, Inc. (a) | 8 | 245 | ||||||
Badger Meter, Inc. | 4 | 190 | ||||||
Benchmark Electronics, Inc. (a) | 16 | 266 | ||||||
Cognex Corp. | 6 | 221 | ||||||
Corning, Inc. | 94 | 1,186 | ||||||
CTS Corp. | 8 | 85 | ||||||
Daktronics, Inc. | 4 | 44 | ||||||
Electro Scientific Industries, Inc. | 2 | 20 | ||||||
FARO Technologies, Inc. (a) | 2 | 71 | ||||||
FEI Co. | 24 | 1,331 | ||||||
FLIR Systems, Inc. | 4 | 89 | ||||||
Ingram Micro, Inc. (Class A) (a) | 4 | 68 | ||||||
Insight Enterprises, Inc. (a) | 6 | 104 | ||||||
Itron, Inc. (a) | 16 | 713 | ||||||
Jabil Circuit, Inc. | 12 | 231 | ||||||
Littelfuse, Inc. | 8 | 494 | ||||||
Measurement Specialties, Inc. (a) | 2 | 69 | ||||||
Methode Electronics, Inc. (Class A) | 6 | 60 | ||||||
Mettler-Toledo International, Inc. (a) | 8 | 1,546 | ||||||
Molex, Inc. | 32 | 875 | ||||||
MTS Systems Corp. | 12 | 611 | ||||||
National Instruments Corp. | 6 | 155 | ||||||
OSI Systems, Inc. (a) | 16 | 1,025 | ||||||
Plexus Corp. (a) | 14 | 361 | ||||||
Rogers Corp. (a) | 2 | 99 | ||||||
Scansource, Inc. (a) | 2 | 64 | ||||||
SYNNEX Corp. (a) | 8 | 275 | ||||||
TE Connectivity, Ltd. | 46 | 1,708 | ||||||
Tech Data Corp. (a) | 2 | 91 | ||||||
Trimble Navigation, Ltd. (a) | 50 | 2,989 | ||||||
TTM Technologies, Inc. (a) | 2 | 18 | ||||||
Vishay Intertechnology, Inc. (a) | 8 | 85 | ||||||
21,582 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.7% | ||||||||
Atwood Oceanics, Inc. (a) | 10 | 458 | ||||||
Baker Hughes, Inc. | 10 | 408 | ||||||
Bristow Group, Inc. | 6 | 322 | ||||||
Cameron International Corp. (a) | 78 | 4,404 | ||||||
Diamond Offshore Drilling, Inc. | 14 | 951 | ||||||
Dresser-Rand Group, Inc. (a) | 24 | 1,347 | ||||||
Dril-Quip, Inc. (a) | 8 | 584 | ||||||
Ensco PLC (Class A) | 64 | 3,794 | ||||||
Exterran Holdings, Inc. (a) | 54 | 1,184 | ||||||
FMC Technologies, Inc. (a) | 36 | 1,542 | ||||||
Geospace Technologies Corp. (a) | 10 | 889 | ||||||
Gulf Island Fabrication, Inc. | 2 | 48 | ||||||
Halliburton Co. | 58 | 2,012 | ||||||
Helix Energy Solutions Group, Inc. (a) | 10 | 206 | ||||||
Helmerich & Payne, Inc. | 6 | 336 | ||||||
Hornbeck Offshore Services, Inc. (a) | 8 | 275 | ||||||
ION Geophysical Corp. (a) | 8 | 52 | ||||||
Lufkin Industries, Inc. | 2 | 116 | ||||||
Matrix Service Co. (a) | 2 | 23 | ||||||
Nabors Industries, Ltd. (a) | 6 | 87 | ||||||
National Oilwell Varco, Inc. | 118 | 8,065 | ||||||
Noble Corp. | 26 | 905 | ||||||
Oceaneering International, Inc. | 70 | 3,765 | ||||||
Oil States International, Inc. (a) | 18 | 1,288 | ||||||
Patterson-UTI Energy, Inc. | 4 | 75 | ||||||
Pioneer Energy Services Corp. (a) | 2 | 15 | ||||||
Rowan Cos. PLC (a) | 14 | 438 | ||||||
Schlumberger, Ltd. | 140 | 9,701 | ||||||
SEACOR Holdings, Inc. (a) | 2 | 168 | ||||||
Superior Energy Services, Inc. (a) | 4 | 83 | ||||||
Tetra Technologies, Inc. (a) | 2 | 15 | ||||||
Tidewater, Inc. | 6 | 268 | ||||||
43,824 | ||||||||
FOOD & STAPLES RETAILING — 2.7% | ||||||||
Casey’s General Stores, Inc. | 16 | 850 | ||||||
Costco Wholesale Corp. | 210 | 20,742 | ||||||
CVS Caremark Corp. | 834 | 40,324 | ||||||
Harris Teeter Supermarkets, Inc. | 4 | 154 | ||||||
Safeway, Inc. | 6 | 108 | ||||||
Spartan Stores, Inc. | 2 | 31 | ||||||
SUPERVALU, Inc. | 4 | 10 | ||||||
Sysco Corp. | 236 | 7,472 | ||||||
The Andersons, Inc. | 2 | 86 | ||||||
The Kroger Co. | 80 | 2,082 | ||||||
United Natural Foods, Inc. (a) | 38 | 2,036 | ||||||
Wal-Mart Stores, Inc. | 1,030 | 70,277 | ||||||
Walgreen Co. | 236 | 8,734 | ||||||
Whole Foods Market, Inc. | 120 | 10,959 | ||||||
163,865 | ||||||||
FOOD PRODUCTS — 1.1% | ||||||||
Archer-Daniels-Midland Co. | 42 | 1,150 | ||||||
B&G Foods, Inc. | 38 | 1,076 | ||||||
Cal-Maine Foods, Inc. | 10 | 402 | ||||||
Calavo Growers, Inc. | 4 | 101 | ||||||
Campbell Soup Co. | 34 | 1,186 | ||||||
ConAgra Foods, Inc. | 112 | 3,304 | ||||||
Darling International, Inc. (a) | 72 | 1,155 | ||||||
Dean Foods Co. (a) | 152 | 2,510 | ||||||
Flowers Foods, Inc. | 18 | 419 | ||||||
General Mills, Inc. | 124 | 5,011 | ||||||
Green Mountain Coffee Roasters, Inc. (a) | 2 | 83 | ||||||
H.J. Heinz Co. | 74 | 4,268 | ||||||
Hain Celestial Group, Inc. (a) | 38 | 2,060 | ||||||
Hillshire Brands Co. | 32 | 900 | ||||||
Hormel Foods Corp. | 14 | 437 | ||||||
Ingredion, Inc. | 28 | 1,804 | ||||||
J&J Snack Foods Corp. | 4 | 256 | ||||||
Kellogg Co. | 26 | 1,452 | ||||||
Lancaster Colony Corp. | 6 | 415 | ||||||
McCormick & Co., Inc. | 82 | 5,209 | ||||||
Mead Johnson Nutrition Co. | 30 | 1,977 | ||||||
Mondelez International, Inc. (Class A) | 862 | 21,955 | ||||||
Post Holdings, Inc. (a) | 8 | 274 | ||||||
Ralcorp Holdings, Inc. (a) | 10 | 897 | ||||||
Sanderson Farms, Inc. | 2 | 95 | ||||||
Seneca Foods Corp. (a) | 6 | 182 | ||||||
Smithfield Foods, Inc. (a) | 2 | 43 |
See accompanying notes to financial statements.
199
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Snyders-Lance, Inc. | 24 | $ | 579 | |||||
The Hershey Co. | 86 | 6,211 | ||||||
The J.M. Smucker Co. | 40 | 3,450 | ||||||
Tootsie Roll Industries, Inc. | 6 | 156 | ||||||
Tyson Foods, Inc. (Class A) | 6 | 116 | ||||||
69,133 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Resources, Inc. | 18 | 720 | ||||||
Atmos Energy Corp. | 20 | 702 | ||||||
National Fuel Gas Co. | 6 | 304 | ||||||
New Jersey Resources Corp. | 4 | 159 | ||||||
Northwest Natural Gas Co. | 6 | 265 | ||||||
ONEOK, Inc. | 126 | 5,387 | ||||||
Piedmont Natural Gas Co., Inc. | 10 | 313 | ||||||
Questar Corp. | 40 | 790 | ||||||
South Jersey Industries, Inc. | 4 | 201 | ||||||
Southwest Gas Corp. | 16 | 679 | ||||||
The Laclede Group, Inc. | 6 | 232 | ||||||
UGI Corp. | 40 | 1,308 | ||||||
WGL Holdings, Inc. | 6 | 235 | ||||||
11,295 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.9% | ||||||||
Abaxis, Inc. (a) | 12 | 445 | ||||||
Align Technology, Inc. (a) | 56 | 1,554 | ||||||
Analogic Corp. | 10 | 743 | ||||||
Baxter International, Inc. | 150 | 9,999 | ||||||
Becton, Dickinson and Co. | 30 | 2,346 | ||||||
Boston Scientific Corp. (a) | 150 | 859 | ||||||
C.R. Bard, Inc. | 42 | 4,105 | ||||||
Cantel Medical Corp. | 16 | 476 | ||||||
CareFusion Corp. (a) | 52 | 1,486 | ||||||
CONMED Corp. | 6 | 168 | ||||||
Covidien PLC | 274 | 15,821 | ||||||
CryoLife, Inc. | 18 | 112 | ||||||
Cyberonics, Inc. (a) | 20 | 1,051 | ||||||
DENTSPLY International, Inc. | 20 | 792 | ||||||
Edwards Lifesciences Corp. (a) | 86 | 7,755 | ||||||
Greatbatch, Inc. (a) | 6 | 139 | ||||||
Haemonetics Corp. (a) | 32 | 1,307 | ||||||
HealthStream, Inc. (a) | 16 | 389 | ||||||
Hill-Rom Holdings, Inc. | 2 | 57 | ||||||
Hologic, Inc. (a) | 140 | 2,804 | ||||||
ICU Medical, Inc. (a) | 10 | 609 | ||||||
IDEXX Laboratories, Inc. (a) | 38 | 3,526 | ||||||
Integra LifeSciences Holdings Corp. (a) | 12 | 468 | ||||||
Intuitive Surgical, Inc. (a) | 14 | 6,865 | ||||||
Masimo Corp. (a) | 20 | 420 | ||||||
Medtronic, Inc. | 540 | 22,151 | ||||||
Meridian Bioscience, Inc. | 10 | 203 | ||||||
Merit Medical Systems, Inc. (a) | 10 | 139 | ||||||
Natus Medical, Inc. (a) | 24 | 268 | ||||||
Neogen Corp. (a) | 6 | 272 | ||||||
NuVasive, Inc. (a) | 34 | 526 | ||||||
Palomar Medical Technologies, Inc. (a) | 4 | 37 | ||||||
ResMed, Inc. | 106 | 4,406 | ||||||
St. Jude Medical, Inc. | 74 | 2,674 | ||||||
STERIS Corp. | 24 | 834 | ||||||
Stryker Corp. | 116 | 6,359 | ||||||
SurModics, Inc. (a) | 10 | 224 | ||||||
Symmetry Medical, Inc. (a) | 8 | 84 | ||||||
Teleflex, Inc. | 16 | 1,141 | ||||||
The Cooper Cos., Inc. | 34 | 3,144 | ||||||
Thoratec Corp. (a) | 4 | 150 | ||||||
Varian Medical Systems, Inc. (a) | 16 | 1,124 | ||||||
West Pharmaceutical Services, Inc. | 24 | 1,314 | ||||||
Zimmer Holdings, Inc. | 100 | 6,666 | ||||||
116,012 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.7% | ||||||||
Aetna, Inc. | 36 | 1,667 | ||||||
Air Methods Corp. (a) | 24 | 885 | ||||||
Almost Family, Inc. (a) | 2 | 41 | ||||||
Amedisys, Inc. (a) | 6 | 68 | ||||||
AmerisourceBergen Corp. | 16 | 691 | ||||||
AMN Healthcare Services, Inc. (a) | 34 | 393 | ||||||
AmSurg Corp. (a) | 8 | 240 | ||||||
Bio-Reference Laboratories, Inc. (a) | 18 | 516 | ||||||
Cardinal Health, Inc. | 8 | 329 | ||||||
Centene Corp. (a) | 10 | 410 | ||||||
Chemed Corp. | 8 | 549 | ||||||
Cigna Corp. | 54 | 2,887 | ||||||
Community Health Systems, Inc. (a) | 74 | 2,275 | ||||||
Coventry Health Care, Inc. | 82 | 3,676 | ||||||
Cross Country Healthcare, Inc. (a) | 2 | 10 | ||||||
DaVita, Inc. (a) | 62 | 6,853 | ||||||
Express Scripts Holding Co. (a) | 566 | 30,564 | ||||||
Gentiva Health Services, Inc. (a) | 24 | 241 | ||||||
Hanger, Inc. (a) | 26 | 711 | ||||||
Health Management Associates, Inc. (Class A) (a) | 16 | 149 | ||||||
Health Net, Inc. (a) | 2 | 49 | ||||||
Healthways, Inc. (a) | 26 | 278 | ||||||
Henry Schein, Inc. (a) | 32 | 2,575 | ||||||
HMS Holdings Corp. (a) | 60 | 1,555 | ||||||
Humana, Inc. | 4 | 274 | ||||||
IPC The Hospitalist Co. (a) | 4 | 159 | ||||||
Kindred Healthcare, Inc. (a) | 6 | 65 | ||||||
Laboratory Corp. of America Holdings (a) | 22 | 1,906 | ||||||
Landauer, Inc. | 4 | 245 | ||||||
LHC Group, Inc. (a) | 6 | 128 | ||||||
LifePoint Hospitals, Inc. (a) | 12 | 453 | ||||||
Magellan Health Services, Inc. (a) | 2 | 98 | ||||||
McKesson Corp. | 44 | 4,266 | ||||||
MEDNAX, Inc. (a) | 16 | 1,272 | ||||||
Molina Healthcare, Inc. (a) | 14 | 379 | ||||||
MWI Veterinary Supply, Inc. (a) | 8 | 880 | ||||||
Omnicare, Inc. | 40 | 1,444 | ||||||
Owens & Minor, Inc. | 10 | 285 | ||||||
Patterson Cos., Inc. | 20 | 685 | ||||||
PSS World Medical, Inc. (a) | 8 | 231 | ||||||
Quest Diagnostics, Inc. | 58 | 3,380 | ||||||
Tenet Healthcare Corp. (a) | 64 | 2,078 | ||||||
The Ensign Group, Inc. | 12 | 326 | ||||||
UnitedHealth Group, Inc. | 414 | 22,455 | ||||||
Universal Health Services, Inc. (Class B) | 32 | 1,547 | ||||||
VCA Antech, Inc. (a) | 10 | 210 | ||||||
WellCare Health Plans, Inc. (a) | 16 | 779 |
See accompanying notes to financial statements.
200
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
WellPoint, Inc. | 6 | $ | 365 | |||||
101,522 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 4 | 38 | ||||||
Cerner Corp. (a) | 70 | 5,435 | ||||||
Computer Programs and Systems, Inc. | 2 | 100 | ||||||
Medidata Solutions, Inc. (a) | 18 | 705 | ||||||
Omnicell, Inc. (a) | 2 | 30 | ||||||
6,308 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.5% | ||||||||
Bally Technologies, Inc. (a) | 28 | 1,252 | ||||||
Bob Evans Farms, Inc. | 14 | 563 | ||||||
Boyd Gaming Corp. (a) | 14 | 93 | ||||||
Brinker International, Inc. | 58 | 1,797 | ||||||
Buffalo Wild Wings, Inc. (a) | 10 | 728 | ||||||
Carnival Corp. | 86 | 3,162 | ||||||
CEC Entertainment, Inc. | 2 | 66 | ||||||
Chipotle Mexican Grill, Inc. (a) | 2 | 595 | ||||||
Cracker Barrel Old Country Store, Inc. | 18 | 1,157 | ||||||
Darden Restaurants, Inc. | 56 | 2,524 | ||||||
DineEquity, Inc. (a) | 6 | 402 | ||||||
International Game Technology | 6 | 85 | ||||||
International Speedway Corp. (Class A) | 12 | 331 | ||||||
Interval Leisure Group, Inc. | 26 | 504 | ||||||
Jack in the Box, Inc. (a) | 32 | 915 | ||||||
Life Time Fitness, Inc. (a) | 8 | 394 | ||||||
Marcus Corp. | 2 | 25 | ||||||
Marriott International, Inc. (Class A) | 154 | 5,740 | ||||||
Marriott Vacations Worldwide Corp. (a) | 24 | 1,000 | ||||||
McDonald’s Corp. | 150 | 13,232 | ||||||
Multimedia Games Holding Co., Inc. (a) | 22 | 324 | ||||||
Panera Bread Co. (Class A) (a) | 16 | 2,541 | ||||||
Papa John’s International, Inc. (a) | 14 | 769 | ||||||
Pinnacle Entertainment, Inc. (a) | 12 | 190 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 8 | 282 | ||||||
Ruby Tuesday, Inc. (a) | 2 | 16 | ||||||
Ruth’s Hospitality Group, Inc. (a) | 24 | 174 | ||||||
Scientific Games Corp. (Class A) (a) | 4 | 35 | ||||||
SHFL Entertainment, Inc. (a) | 42 | 609 | ||||||
Sonic Corp. (a) | 38 | 396 | ||||||
Starbucks Corp. | 370 | 19,839 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 78 | 4,474 | ||||||
Texas Roadhouse, Inc. (Class A) | 28 | 470 | ||||||
The Cheesecake Factory, Inc. | 28 | 916 | ||||||
The Wendy’s Co. | 18 | 85 | ||||||
WMS Industries, Inc. (a) | 2 | 35 | ||||||
Wyndham Worldwide Corp. | 112 | 5,960 | ||||||
Wynn Resorts, Ltd. | 6 | 675 | ||||||
Yum! Brands, Inc. | 240 | 15,936 | ||||||
88,291 | ||||||||
HOUSEHOLD DURABLES — 0.8% | ||||||||
American Greetings Corp. (Class A) | 8 | 135 | ||||||
D.R. Horton, Inc. | 230 | 4,549 | ||||||
Ethan Allen Interiors, Inc. | 8 | 206 | ||||||
Harman International Industries, Inc. | 12 | 536 | ||||||
Helen of Troy, Ltd. (a) | 8 | 267 | ||||||
Jarden Corp. (a) | 58 | 2,999 | ||||||
KB Home | 64 | 1,011 | ||||||
La-Z-Boy, Inc. | 38 | 538 | ||||||
Leggett & Platt, Inc. | 68 | 1,851 | ||||||
Lennar Corp. (Class A) | 134 | 5,182 | ||||||
M.D.C. Holdings, Inc. | 32 | 1,176 | ||||||
M/I Homes, Inc. (a) | 16 | 424 | ||||||
Meritage Homes Corp. (a) | 26 | 971 | ||||||
Mohawk Industries, Inc. (a) | 46 | 4,162 | ||||||
Newell Rubbermaid, Inc. | 178 | 3,964 | ||||||
NVR, Inc. (a) | 2 | 1,840 | ||||||
Pulte Group, Inc. (a) | 278 | 5,048 | ||||||
Standard Pacific Corp. (a) | 92 | 676 | ||||||
Tempur-Pedic International, Inc. (a) | 2 | 63 | ||||||
The Ryland Group, Inc. | 36 | 1,314 | ||||||
Toll Brothers, Inc. (a) | 124 | 4,009 | ||||||
Tupperware Brands Corp. | 6 | 385 | ||||||
Whirlpool Corp. | 64 | 6,512 | ||||||
47,818 | ||||||||
HOUSEHOLD PRODUCTS — 1.7% | ||||||||
Central Garden & Pet Co. (Class A) (a) | 28 | 293 | ||||||
Church & Dwight Co., Inc. | 74 | 3,964 | ||||||
Colgate-Palmolive Co. | 216 | 22,581 | ||||||
Energizer Holdings, Inc. | 10 | 800 | ||||||
Kimberly-Clark Corp. | 226 | 19,081 | ||||||
The Clorox Co. | 30 | 2,196 | ||||||
The Procter & Gamble Co. | 756 | 51,325 | ||||||
WD-40 Co. | 8 | 377 | ||||||
100,617 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.0% (b) | ||||||||
NRG Energy, Inc. | 24 | 552 | ||||||
The AES Corp. | 66 | 706 | ||||||
1,258 | ||||||||
INDUSTRIAL CONGLOMERATES — 3.4% | ||||||||
3M Co. | 310 | 28,783 | ||||||
Carlisle Cos., Inc. | 34 | 1,998 | ||||||
Danaher Corp. | 210 | 11,739 | ||||||
General Electric Co. | 7,790 | 163,512 | ||||||
Standex International Corp. | 6 | 308 | ||||||
206,340 | ||||||||
INSURANCE — 3.3% | ||||||||
ACE, Ltd. | 64 | 5,107 | ||||||
Aflac, Inc. | 108 | 5,737 | ||||||
Alleghany Corp. (a) | 4 | 1,342 | ||||||
American Financial Group, Inc. | 16 | 632 | ||||||
American International Group, Inc. (a) | 898 | 31,699 | ||||||
AMERISAFE, Inc. (a) | 10 | 273 | ||||||
Aon PLC | 102 | 5,671 | ||||||
Arthur J. Gallagher & Co. | 58 | 2,010 | ||||||
Aspen Insurance Holdings, Ltd. | 28 | 898 | ||||||
Assurant, Inc. | 8 | 278 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | 582 | 52,206 | ||||||
Brown & Brown, Inc. | 52 | 1,324 | ||||||
Cincinnati Financial Corp. | 102 | 3,994 | ||||||
eHealth, Inc. (a) | 12 | 330 | ||||||
Employers Holdings, Inc. | 12 | 247 | ||||||
Everest Re Group, Ltd. | 26 | 2,859 |
See accompanying notes to financial statements.
201
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Fidelity National Financial, Inc. (Class A) | 156 | $ | 3,674 | |||||
First American Financial Corp. | 88 | 2,120 | ||||||
Genworth Financial, Inc. (Class A) (a) | 10 | 75 | ||||||
Hartford Financial Services Group, Inc. | 64 | 1,436 | ||||||
HCC Insurance Holdings, Inc. | 62 | 2,307 | ||||||
Horace Mann Educators Corp. | 28 | 559 | ||||||
Infinity Property & Casualty Corp. | 2 | 117 | ||||||
Kemper Corp. | 22 | 649 | ||||||
Lincoln National Corp. | 160 | 4,144 | ||||||
Loews Corp. | 60 | 2,445 | ||||||
Marsh & McLennan Cos., Inc. | 172 | 5,929 | ||||||
Mercury General Corp. | 2 | 79 | ||||||
MetLife, Inc. | 112 | 3,689 | ||||||
National Financial Partners Corp. (a) | 22 | 377 | ||||||
Old Republic International Corp. | 76 | 809 | ||||||
Principal Financial Group, Inc. | 64 | 1,825 | ||||||
ProAssurance Corp. | 28 | 1,181 | ||||||
Protective Life Corp. | 60 | 1,715 | ||||||
Prudential Financial, Inc. | 68 | 3,627 | ||||||
Reinsurance Group of America, Inc. | 20 | 1,070 | ||||||
RLI Corp. | 2 | 129 | ||||||
Safety Insurance Group, Inc. | 4 | 185 | ||||||
Selective Insurance Group, Inc. | 30 | 578 | ||||||
StanCorp Financial Group, Inc. | 2 | 73 | ||||||
Stewart Information Services Corp. | 14 | 364 | ||||||
The Allstate Corp. | 380 | 15,265 | ||||||
The Chubb Corp. | 106 | 7,984 | ||||||
The Hanover Insurance Group, Inc. | 4 | 155 | ||||||
The Navigators Group, Inc. (a) | 2 | 102 | ||||||
The Progressive Corp. | 154 | 3,249 | ||||||
The Travelers Cos., Inc. | 188 | 13,502 | ||||||
Torchmark Corp. | 54 | 2,790 | ||||||
United Fire Group, Inc. | 16 | 350 | ||||||
Unum Group | 6 | 125 | ||||||
W.R. Berkley Corp. | 26 | 981 | ||||||
XL Group PLC | 84 | 2,105 | ||||||
200,371 | ||||||||
INTERNET & CATALOG RETAIL — 1.1% | ||||||||
Amazon.com, Inc. (a) | 160 | 40,183 | ||||||
Expedia, Inc. | 78 | 4,793 | ||||||
HSN, Inc. | 26 | 1,432 | ||||||
Netflix, Inc. (a) | 2 | 186 | ||||||
NutriSystem, Inc. | 2 | 16 | ||||||
PetMed Express, Inc. | 4 | 44 | ||||||
Priceline.com, Inc. (a) | 24 | 14,909 | ||||||
TripAdvisor, Inc. (a) | 48 | 2,014 | ||||||
63,577 | ||||||||
INTERNET SOFTWARE & SERVICES — 3.1% | ||||||||
Akamai Technologies, Inc. (a) | 132 | 5,400 | ||||||
AOL, Inc. (a) | 62 | 1,836 | ||||||
Blucora, Inc. (a) | 34 | 534 | ||||||
DealerTrack Holdings, Inc. (a) | 24 | 689 | ||||||
Dice Holdings, Inc. (a) | 2 | 18 | ||||||
Digital River, Inc. (a) | 2 | 29 | ||||||
eBay, Inc. (a) | 908 | 46,326 | ||||||
Equinix, Inc. (a) | 40 | 8,248 | ||||||
Google, Inc. (Class A) (a) | 151 | 107,115 | ||||||
j2 Global, Inc. | 10 | 306 | ||||||
Liquidity Services, Inc. (a) | 18 | 735 | ||||||
LivePerson, Inc. (a) | 38 | 499 | ||||||
Monster Worldwide, Inc. (a) | 2 | 11 | ||||||
OpenTable, Inc. (a) | 2 | 98 | ||||||
Perficient, Inc. (a) | 18 | 212 | ||||||
Rackspace Hosting, Inc. (a) | 84 | 6,239 | ||||||
United Online, Inc. | 10 | 56 | ||||||
ValueClick, Inc. (a) | 8 | 155 | ||||||
VeriSign, Inc. (a) | 116 | 4,503 | ||||||
XO Group, Inc. (a) | 2 | 19 | ||||||
Yahoo!, Inc. (a) | 154 | 3,065 | ||||||
186,093 | ||||||||
IT SERVICES — 3.8% | ||||||||
Accenture PLC (Class A) | 254 | 16,891 | ||||||
Acxiom Corp. (a) | 52 | 908 | ||||||
Alliance Data Systems Corp. (a) | 34 | 4,922 | ||||||
Automatic Data Processing, Inc. | 174 | 9,920 | ||||||
Broadridge Financial Solutions, Inc. | 24 | 549 | ||||||
CACI International, Inc. (Class A) (a) | 2 | 110 | ||||||
Cardtronics, Inc. (a) | 20 | 475 | ||||||
CIBER, Inc. (a) | 8 | 27 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 18 | 1,333 | ||||||
Computer Sciences Corp. | 30 | 1,201 | ||||||
Convergys Corp. | 84 | 1,378 | ||||||
CoreLogic, Inc. (a) | 73 | 1,965 | ||||||
CSG Systems International, Inc. (a) | 26 | 473 | ||||||
DST Systems, Inc. | 10 | 606 | ||||||
ExlService Holdings, Inc. (a) | 8 | 212 | ||||||
Fidelity National Information Services, Inc. | 122 | 4,247 | ||||||
Fiserv, Inc. (a) | 72 | 5,690 | ||||||
Gartner, Inc. (a) | 42 | 1,933 | ||||||
Global Payments, Inc. | 6 | 272 | ||||||
Heartland Payment Systems, Inc. | 28 | 826 | ||||||
iGate Corp. (a) | 20 | 315 | ||||||
International Business Machines Corp. | 340 | 65,127 | ||||||
Jack Henry & Associates, Inc. | 34 | 1,335 | ||||||
Lender Processing Services, Inc. | 66 | 1,625 | ||||||
Mastercard, Inc. (Class A) | 65 | 31,933 | ||||||
MAXIMUS, Inc. | 26 | 1,644 | ||||||
NeuStar, Inc. (Class A) (a) | 36 | 1,509 | ||||||
Paychex, Inc. | 130 | 4,048 | ||||||
SAIC, Inc. | 30 | 340 | ||||||
TeleTech Holdings, Inc. (a) | 2 | 36 | ||||||
Teradata Corp. (a) | 90 | 5,570 | ||||||
The Western Union Co. | 114 | 1,551 | ||||||
Total System Services, Inc. | 78 | 1,671 | ||||||
VeriFone Systems, Inc. (a) | 2 | 59 | ||||||
Virtusa Corp. (a) | 4 | 66 | ||||||
Visa, Inc. (Class A) | 386 | 58,510 | ||||||
WEX, Inc. (a) | 28 | 2,110 | ||||||
231,387 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Arctic Cat, Inc. (a) | 10 | 334 | ||||||
Brunswick Corp. | 52 | 1,513 | ||||||
Callaway Golf Co. | 14 | 91 | ||||||
Hasbro, Inc. | 18 | 646 | ||||||
Mattel, Inc. | 208 | 7,617 |
See accompanying notes to financial statements.
202
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Polaris Industries, Inc. | 40 | $ | 3,366 | |||||
Sturm Ruger & Co, Inc. | 16 | 726 | ||||||
14,293 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.4% | ||||||||
Affymetrix, Inc. (a) | 2 | 6 | ||||||
Agilent Technologies, Inc. | 66 | 2,702 | ||||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 4 | 420 | ||||||
Cambrex Corp. (a) | 24 | 273 | ||||||
Charles River Laboratories International, Inc. (a) | 26 | 974 | ||||||
Covance, Inc. (a) | 4 | 231 | ||||||
Life Technologies Corp. (a) | 86 | 4,221 | ||||||
PAREXEL International Corp. (a) | 42 | 1,243 | ||||||
PerkinElmer, Inc. | 84 | 2,666 | ||||||
Techne Corp. | 6 | 410 | ||||||
Thermo Fisher Scientific, Inc. | 146 | 9,312 | ||||||
Waters Corp. (a) | 12 | 1,046 | ||||||
23,504 | ||||||||
MACHINERY — 1.7% | ||||||||
Actuant Corp. (Class A) | 42 | 1,172 | ||||||
AGCO Corp. (a) | 22 | 1,081 | ||||||
Albany International Corp. (Class A) | 4 | 91 | ||||||
Astec Industries, Inc. (a) | 2 | 67 | ||||||
Barnes Group, Inc. | 10 | 225 | ||||||
Briggs & Stratton Corp. | 30 | 632 | ||||||
Cascade Corp. | 6 | 386 | ||||||
Caterpillar, Inc. | 42 | 3,762 | ||||||
CIRCOR International, Inc. | 4 | 158 | ||||||
CLARCOR, Inc. | 4 | 191 | ||||||
Crane Co. | 4 | 185 | ||||||
Cummins, Inc. | 12 | 1,300 | ||||||
Deere & Co. | 108 | 9,333 | ||||||
Donaldson Co., Inc. | 32 | 1,051 | ||||||
Dover Corp. | 42 | 2,760 | ||||||
EnPro Industries, Inc. (a) | 4 | 164 | ||||||
ESCO Technologies, Inc. | 16 | 598 | ||||||
Federal Signal Corp. (a) | 40 | 304 | ||||||
Flowserve Corp. | 36 | 5,285 | ||||||
Gardner Denver, Inc. | 2 | 137 | ||||||
Graco, Inc. | 26 | 1,339 | ||||||
Harsco Corp. | 6 | 141 | ||||||
IDEX Corp. | 38 | 1,768 | ||||||
Illinois Tool Works, Inc. | 228 | 13,865 | ||||||
Ingersoll-Rand PLC | 212 | 10,167 | ||||||
ITT Corp. | 60 | 1,408 | ||||||
John Bean Technologies Corp. | 4 | 71 | ||||||
Joy Global, Inc. | 2 | 127 | ||||||
Kaydon Corp. | 4 | 96 | ||||||
Kennametal, Inc. | 8 | 320 | ||||||
Lincoln Electric Holdings, Inc. | 20 | 974 | ||||||
Lindsay Corp. | 6 | 481 | ||||||
Lydall, Inc. (a) | 10 | 143 | ||||||
Mueller Industries, Inc. | 5 | 250 | ||||||
Nordson Corp. | 32 | 2,020 | ||||||
Oshkosh Corp. (a) | 56 | 1,660 | ||||||
PACCAR, Inc. | 22 | 995 | ||||||
Pall Corp. | 62 | 3,736 | ||||||
Parker Hannifin Corp. | 28 | 2,382 | ||||||
Pentair, Ltd. | 110 | 5,406 | ||||||
Robbins & Myers, Inc. | 28 | 1,665 | ||||||
Snap-On, Inc. | 40 | 3,159 | ||||||
SPX Corp. | 24 | 1,684 | ||||||
Stanley Black & Decker, Inc. | 88 | 6,509 | ||||||
Tennant Co. | 6 | 264 | ||||||
Terex Corp. (a) | 72 | 2,024 | ||||||
The Toro Co. | 44 | 1,891 | ||||||
Timken Co. | 2 | 96 | ||||||
Trinity Industries, Inc. | 22 | 788 | ||||||
Valmont Industries, Inc. | 18 | 2,458 | ||||||
Wabtec Corp. | 22 | 1,926 | ||||||
Watts Water Technologies, Inc. (Class A) | 14 | 602 | ||||||
Woodward, Inc. | 6 | 229 | ||||||
Xylem, Inc. | 12 | 325 | ||||||
99,851 | ||||||||
MARINE — 0.0% (b) | ||||||||
Kirby Corp. (a) | 2 | 124 | ||||||
Matson, Inc. | 4 | 99 | ||||||
223 | ||||||||
MEDIA — 5.3% | ||||||||
AMC Networks, Inc. (Class A) (a) | 36 | 1,782 | ||||||
Arbitron, Inc. | 2 | 93 | ||||||
Cablevision Systems Corp. (Class A) | 78 | 1,165 | ||||||
CBS Corp. | 440 | 16,742 | ||||||
Cinemark Holdings, Inc. | 28 | 727 | ||||||
Comcast Corp. (Class A) | 2,092 | 78,199 | ||||||
DIRECTV (Class A) (a) | 226 | 11,336 | ||||||
Discovery Communications, Inc. (Series A) (a) | 172 | 10,919 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a) | 10 | 166 | ||||||
Gannett Co., Inc. | 180 | 3,242 | ||||||
John Wiley & Sons, Inc. (Class A) | 4 | 156 | ||||||
Lamar Advertising Co. (Class A) (a) | 44 | 1,705 | ||||||
Live Nation Entertainment, Inc. (a) | 8 | 74 | ||||||
Meredith Corp. | 26 | 896 | ||||||
News Corp. (Class A) | 1,506 | 38,463 | ||||||
Omnicom Group, Inc. | 106 | 5,296 | ||||||
Scholastic Corp. | 12 | 355 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 64 | 3,707 | ||||||
The E.W. Scripps Co. (Class A) (a) | 16 | 173 | ||||||
The Interpublic Group of Cos., Inc. | 212 | 2,336 | ||||||
The McGraw-Hill Cos., Inc. | 172 | 9,403 | ||||||
The New York Times Co. (Class A) (a) | 70 | 597 | ||||||
The Walt Disney Co. | 1,404 | 69,905 | ||||||
Time Warner Cable, Inc. | 240 | 23,326 | ||||||
Time Warner, Inc. | 582 | 27,837 | ||||||
Valassis Communications, Inc. | 22 | 567 | ||||||
Viacom, Inc. (Class B) | 250 | 13,185 | ||||||
322,352 | ||||||||
METALS & MINING — 0.3% | ||||||||
A.M. Castle & Co. (a) | 2 | 30 | ||||||
AK Steel Holding Corp. | 2 | 9 | ||||||
Alcoa, Inc. | 22 | 191 | ||||||
Allegheny Technologies, Inc. | 2 | 61 | ||||||
AMCOL International Corp. | 10 | 307 |
See accompanying notes to financial statements.
203
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Carpenter Technology Corp. | 2 | $ | 103 | |||||
Century Aluminum Co. (a) | 2 | 17 | ||||||
Cliffs Natural Resources, Inc. | 4 | 154 | ||||||
Commercial Metals Co. | 28 | 416 | ||||||
Compass Minerals International, Inc. | 4 | 299 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 100 | 3,420 | ||||||
Globe Specialty Metals, Inc. | 4 | 55 | ||||||
Kaiser Aluminum Corp. | 10 | 617 | ||||||
Materion Corp. | 2 | 52 | ||||||
Newmont Mining Corp. | 10 | 464 | ||||||
Nucor Corp. | 60 | 2,591 | ||||||
Reliance Steel & Aluminum Co. | 36 | 2,236 | ||||||
Royal Gold, Inc. | 42 | 3,415 | ||||||
RTI International Metals, Inc. (a) | 2 | 55 | ||||||
Steel Dynamics, Inc. | 14 | 192 | ||||||
SunCoke Energy, Inc. (a) | 40 | 624 | ||||||
Titanium Metals Corp. | 2 | 33 | ||||||
United States Steel Corp. | 4 | 95 | ||||||
Worthington Industries, Inc. | 30 | 780 | ||||||
16,216 | ||||||||
MULTI-UTILITIES — 0.8% | ||||||||
Alliant Energy Corp. | 26 | 1,142 | ||||||
Ameren Corp. | 46 | 1,413 | ||||||
Avista Corp. | 12 | 289 | ||||||
Black Hills Corp. | 10 | 363 | ||||||
CenterPoint Energy, Inc. | 82 | 1,578 | ||||||
CH Energy Group, Inc. | 8 | 522 | ||||||
CMS Energy Corp. | 106 | 2,584 | ||||||
Consolidated Edison, Inc. | 56 | 3,110 | ||||||
Dominion Resources, Inc. | 110 | 5,698 | ||||||
DTE Energy Co. | 76 | 4,564 | ||||||
Integrys Energy Group, Inc. | 12 | 627 | ||||||
MDU Resources Group, Inc. | 44 | 935 | ||||||
NiSource, Inc. | 114 | 2,837 | ||||||
NorthWestern Corp. | 8 | 278 | ||||||
PG&E Corp. | 64 | 2,572 | ||||||
Public Service Enterprise Group, Inc. | 54 | 1,652 | ||||||
SCANA Corp. | 58 | 2,647 | ||||||
Sempra Energy | 118 | 8,371 | ||||||
TECO Energy, Inc. | 22 | 369 | ||||||
Vectren Corp. | 16 | 470 | ||||||
Wisconsin Energy Corp. | 102 | 3,759 | ||||||
45,780 | ||||||||
MULTILINE RETAIL — 0.6% | ||||||||
Big Lots, Inc. (a) | 2 | 57 | ||||||
Dollar Tree, Inc. (a) | 112 | 4,543 | ||||||
Family Dollar Stores, Inc. | 34 | 2,156 | ||||||
Fred’s, Inc. (Class A) | 14 | 186 | ||||||
J.C. Penney Co., Inc. | 4 | 79 | ||||||
Kohl’s Corp. | 22 | 946 | ||||||
Macy’s, Inc. | 212 | 8,272 | ||||||
Nordstrom, Inc. | 42 | 2,247 | ||||||
Saks, Inc. (a) | 10 | 105 | ||||||
Target Corp. | 264 | 15,621 | ||||||
Tuesday Morning Corp. (a) | 34 | 212 | ||||||
34,424 | ||||||||
OFFICE ELECTRONICS — 0.0% (b) | ||||||||
Xerox Corp. | 82 | 559 | ||||||
Zebra Technologies Corp. (Class A) (a) | 10 | 393 | ||||||
952 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 7.1% | ||||||||
Alpha Natural Resources, Inc. (a) | 4 | 39 | ||||||
Anadarko Petroleum Corp. | 10 | 743 | ||||||
Apache Corp. | 8 | 628 | ||||||
Approach Resources, Inc. (a) | 18 | 450 | ||||||
Arch Coal, Inc. | 4 | 29 | ||||||
Bill Barrett Corp. (a) | 2 | 36 | ||||||
Cabot Oil & Gas Corp. | 84 | 4,178 | ||||||
Chesapeake Energy Corp. | 10 | 166 | ||||||
Chevron Corp. | 702 | 75,914 | ||||||
Cimarex Energy Co. | 6 | 346 | ||||||
Cloud Peak Energy, Inc. (a) | 2 | 39 | ||||||
Comstock Resources, Inc. (a) | 4 | 61 | ||||||
ConocoPhillips | 334 | 19,369 | ||||||
CONSOL Energy, Inc. | 4 | 128 | ||||||
Denbury Resources, Inc. (a) | 58 | 940 | ||||||
Devon Energy Corp. | 24 | 1,249 | ||||||
Energen Corp. | 14 | 631 | ||||||
EOG Resources, Inc. | 142 | 17,152 | ||||||
EQT Corp. | 10 | 590 | ||||||
Exxon Mobil Corp. | 2,043 | 176,822 | ||||||
Forest Oil Corp. (a) | 2 | 13 | ||||||
Gulfport Energy Corp. (a) | 6 | 229 | ||||||
Hess Corp. | 6 | 318 | ||||||
Hollyfrontier Corp. | 150 | 6,982 | ||||||
Kinder Morgan, Inc. | 362 | 12,789 | ||||||
Marathon Oil Corp. | 284 | 8,707 | ||||||
Marathon Petroleum Corp. | 264 | 16,632 | ||||||
Murphy Oil Corp. | 20 | 1,191 | ||||||
Newfield Exploration Co. (a) | 2 | 54 | ||||||
Noble Energy, Inc. | 34 | 3,459 | ||||||
Northern Oil and Gas, Inc. (a) | 2 | 34 | ||||||
Occidental Petroleum Corp. | 52 | 3,984 | ||||||
PDC Energy, Inc. (a) | 14 | 465 | ||||||
Peabody Energy Corp. | 6 | 160 | ||||||
Penn Virginia Corp. | 10 | 44 | ||||||
PetroQuest Energy, Inc. (a) | 4 | 20 | ||||||
Phillips 66 | 438 | 23,258 | ||||||
Pioneer Natural Resources Co. | 66 | 7,035 | ||||||
Plains Exploration & Production Co. (a) | 58 | 2,723 | ||||||
QEP Resources, Inc. | 4 | 121 | ||||||
Quicksilver Resources, Inc. (a) | 2 | 6 | ||||||
Range Resources Corp. | 24 | 1,508 | ||||||
Rosetta Resources, Inc. (a) | 10 | 454 | ||||||
SM Energy Co. | 2 | 104 | ||||||
Southwestern Energy Co. (a) | 8 | 267 | ||||||
Spectra Energy Corp. | 124 | 3,395 | ||||||
Stone Energy Corp. (a) | 8 | 164 | ||||||
Tesoro Corp. | 110 | 4,845 | ||||||
The Williams Cos., Inc. | 464 | 15,191 | ||||||
Valero Energy Corp. | 338 | 11,533 | ||||||
World Fuel Services Corp. | 2 | 82 | ||||||
WPX Energy, Inc. (a) | 4 | 60 | ||||||
425,337 | ||||||||
See accompanying notes to financial statements.
204
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
PAPER & FOREST PRODUCTS — 0.5% | ||||||||
Buckeye Technologies, Inc. | 8 | $ | 230 | |||||
Clearwater Paper Corp. (a) | 12 | 470 | ||||||
Deltic Timber Corp. | 2 | 141 | ||||||
Domtar Corp. | 4 | 334 | ||||||
International Paper Co. | 286 | 11,394 | ||||||
KapStone Paper and Packaging Corp. (a) | 26 | 577 | ||||||
Louisiana-Pacific Corp. (a) | 114 | 2,202 | ||||||
MeadWestvaco Corp. | 100 | 3,187 | ||||||
Neenah Paper, Inc. | 14 | 399 | ||||||
Schweitzer-Mauduit International, Inc. | 2 | 78 | ||||||
Wausau Paper Corp. | 24 | 208 | ||||||
Weyerhaeuser Co. | 398 | 11,072 | ||||||
30,292 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. | 28 | 402 | ||||||
Inter Parfums, Inc. | 2 | 39 | ||||||
Medifast, Inc. (a) | 10 | 264 | ||||||
Prestige Brands Holdings, Inc. (a) | 40 | 801 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 126 | 7,542 | ||||||
9,048 | ||||||||
PHARMACEUTICALS — 6.5% | ||||||||
Abbott Laboratories | 962 | 63,011 | ||||||
Akorn, Inc. (a) | 50 | 668 | ||||||
Allergan, Inc. | 72 | 6,605 | ||||||
Bristol-Myers Squibb Co. | 390 | 12,710 | ||||||
Eli Lilly & Co. | 670 | 33,044 | ||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 12 | 315 | ||||||
Forest Laboratories, Inc. (a) | 74 | 2,614 | ||||||
Hospira, Inc. (a) | 32 | 1,000 | ||||||
Johnson & Johnson | 642 | 45,004 | ||||||
Merck & Co., Inc. | 2,124 | 86,957 | ||||||
Mylan, Inc. (a) | 214 | 5,881 | ||||||
Perrigo Co. | 50 | 5,202 | ||||||
Pfizer, Inc. | 4,879 | 122,365 | ||||||
Questcor Pharmaceuticals, Inc. | 2 | 53 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 26 | 1,052 | ||||||
The Medicines Co. (a) | 38 | 911 | ||||||
ViroPharma, Inc. (a) | 50 | 1,138 | ||||||
Watson Pharmaceuticals, Inc. (a) | 72 | 6,192 | ||||||
394,722 | ||||||||
PROFESSIONAL SERVICES — 0.2% | ||||||||
CDI Corp. | 10 | 171 | ||||||
Dun & Bradstreet Corp. | 22 | 1,730 | ||||||
Equifax, Inc. | 78 | 4,221 | ||||||
Exponent, Inc. (a) | 6 | 335 | ||||||
Insperity, Inc. | 2 | 65 | ||||||
Korn/Ferry International (a) | 4 | 64 | ||||||
Manpower, Inc. | 2 | 85 | ||||||
Navigant Consulting, Inc. (a) | 6 | 67 | ||||||
On Assignment, Inc. (a) | 36 | 730 | ||||||
Resources Connection, Inc. | 20 | 239 | ||||||
Robert Half International, Inc. | 20 | 636 | ||||||
The Corporate Executive Board Co. | 24 | 1,139 | ||||||
Towers Watson & Co. (Class A) | 2 | 113 | ||||||
TrueBlue, Inc. (a) | 18 | 284 | ||||||
9,879 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.7% | ||||||||
Acadia Realty Trust | 24 | 602 | ||||||
Alexandria Real Estate Equities, Inc. | 22 | 1,525 | ||||||
American Campus Communities, Inc. | 36 | 1,661 | ||||||
American Tower Corp. | 242 | 18,699 | ||||||
Apartment Investment & Management Co. (Class A) | 34 | 920 | ||||||
AvalonBay Communities, Inc. | 18 | 2,441 | ||||||
BioMed Realty Trust, Inc. | 36 | 696 | ||||||
Boston Properties, Inc. | 48 | 5,079 | ||||||
BRE Properties, Inc. | 4 | 203 | ||||||
Camden Property Trust | 20 | 1,364 | ||||||
Cedar Realty Trust, Inc. | 40 | 211 | ||||||
Colonial Properties Trust | 16 | 342 | ||||||
Corporate Office Properties Trust | 16 | 400 | ||||||
Cousins Properties, Inc. | 48 | 401 | ||||||
DiamondRock Hospitality Co. | 46 | 414 | ||||||
Duke Realty Corp. | 142 | 1,969 | ||||||
EastGroup Properties, Inc. | 16 | 861 | ||||||
EPR Properties | 8 | 369 | ||||||
Equity One, Inc. | 36 | 756 | ||||||
Equity Residential | 32 | 1,813 | ||||||
Essex Property Trust, Inc. | 6 | 880 | ||||||
Extra Space Storage, Inc. | 72 | 2,620 | ||||||
Federal Realty Investment Trust | 34 | 3,537 | ||||||
Franklin Street Properties Corp. | 4 | 49 | ||||||
Getty Realty Corp. | 10 | 181 | ||||||
HCP, Inc. | 182 | 8,223 | ||||||
Health Care REIT, Inc. | 92 | 5,639 | ||||||
Healthcare Realty Trust, Inc. | 50 | 1,200 | ||||||
Highwoods Properties, Inc. | 20 | 669 | ||||||
Home Properties, Inc. | 12 | 736 | ||||||
Hospitality Properties Trust | 24 | 562 | ||||||
Host Hotels & Resorts, Inc. | 260 | 4,074 | ||||||
Inland Real Estate Corp. | 32 | 268 | ||||||
Kilroy Realty Corp. | 40 | 1,895 | ||||||
Kimco Realty Corp. | 180 | 3,477 | ||||||
Kite Realty Group Trust | 40 | 224 | ||||||
LaSalle Hotel Properties | 30 | 762 | ||||||
Lexington Realty Trust | 90 | 940 | ||||||
Liberty Property Trust | 52 | 1,860 | ||||||
LTC Properties, Inc. | 12 | 422 | ||||||
Mack-Cali Realty Corp. | 8 | 209 | ||||||
Medical Properties Trust, Inc. | 38 | 454 | ||||||
Mid-America Apartment Communities, Inc. | 8 | 518 | ||||||
National Retail Properties, Inc. | 44 | 1,373 | ||||||
OMEGA Healthcare Investors, Inc. | 72 | 1,717 | ||||||
Parkway Properties, Inc. | 4 | 56 | ||||||
Pennsylvania Real Estate Investment Trust | 42 | 741 | ||||||
Plum Creek Timber Co., Inc. | 78 | 3,461 | ||||||
Post Properties, Inc. | 24 | 1,199 | ||||||
Potlatch Corp. | 18 | 705 | ||||||
ProLogis | 224 | 8,174 | ||||||
PS Business Parks, Inc. | 10 | 650 | ||||||
Public Storage | 40 | 5,798 | ||||||
Rayonier, Inc. | 60 | 3,110 | ||||||
Realty Income Corp. | 76 | 3,056 | ||||||
Regency Centers Corp. | 48 | 2,262 | ||||||
Sabra Healthcare REIT, Inc. | 30 | 652 |
See accompanying notes to financial statements.
205
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Saul Centers, Inc. | 8 | $ | 342 | |||||
Senior Housing Properties Trust | 26 | 615 | ||||||
Simon Property Group, Inc. | 148 | 23,397 | ||||||
SL Green Realty Corp. | 36 | 2,759 | ||||||
Sovran Self Storage, Inc. | 20 | 1,242 | ||||||
Tanger Factory Outlet Centers, Inc. | 38 | 1,300 | ||||||
Taubman Centers, Inc. | 36 | 2,834 | ||||||
The Macerich Co. | 60 | 3,498 | ||||||
UDR, Inc. | 38 | 904 | ||||||
Universal Health Realty Income Trust | 8 | 405 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 10 | 197 | ||||||
Ventas, Inc. | 118 | 7,637 | ||||||
Vornado Realty Trust | 18 | 1,441 | ||||||
Weingarten Realty Investors | 64 | 1,713 | ||||||
161,363 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
Alexander & Baldwin, Inc. (a) | 12 | 352 | ||||||
CBRE Group, Inc. (a) | 44 | 875 | ||||||
Forestar Group, Inc. (a) | 20 | 347 | ||||||
Jones Lang LaSalle, Inc. | 20 | 1,679 | ||||||
3,253 | ||||||||
ROAD & RAIL — 0.7% | ||||||||
Con-way, Inc. | 4 | 111 | ||||||
CSX Corp. | 66 | 1,302 | ||||||
Heartland Express, Inc. | 4 | 52 | ||||||
J.B. Hunt Transport Services, Inc. | 48 | 2,866 | ||||||
Kansas City Southern | 54 | 4,508 | ||||||
Knight Transportation, Inc. | 4 | 58 | ||||||
Landstar System, Inc. | 8 | 420 | ||||||
Norfolk Southern Corp. | 6 | 371 | ||||||
Old Dominion Freight Line, Inc. (a) | 38 | 1,303 | ||||||
Ryder Systems, Inc. | 2 | 100 | ||||||
Union Pacific Corp. | 230 | 28,916 | ||||||
Werner Enterprises, Inc. | 2 | 43 | ||||||
40,050 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.5% | ||||||||
Advanced Energy Industries, Inc. (a) | 22 | 304 | ||||||
Advanced Micro Devices, Inc. (a) | 12 | 29 | ||||||
Altera Corp. | 20 | 689 | ||||||
Analog Devices, Inc. | 70 | 2,944 | ||||||
Applied Materials, Inc. | 78 | 892 | ||||||
Atmel Corp. (a) | 10 | 65 | ||||||
ATMI, Inc. (a) | 2 | 42 | ||||||
Broadcom Corp. (Class A) (a) | 54 | 1,793 | ||||||
Brooks Automation, Inc. | 2 | 16 | ||||||
Cabot Microelectronics Corp. (a) | 14 | 497 | ||||||
Cirrus Logic, Inc. (a) | 54 | 1,564 | ||||||
Cree, Inc. (a) | 8 | 272 | ||||||
Cymer, Inc. (a) | 12 | 1,085 | ||||||
Cypress Semiconductor Corp. (a) | 2 | 22 | ||||||
DSP Group, Inc. (a) | 2 | 12 | ||||||
Entropic Communications, Inc. (a) | 10 | 53 | ||||||
Exar Corp. (a) | 28 | 249 | ||||||
Fairchild Semiconductor International, Inc. (a) | 2 | 29 | ||||||
First Solar, Inc. (a) | 2 | 62 | ||||||
GT Advanced Technologies, Inc. (a) | 2 | 6 | ||||||
Hittite Microwave Corp. (a) | 6 | 373 | ||||||
Integrated Device Technology, Inc. (a) | 10 | 73 | ||||||
Intel Corp. | 318 | 6,560 | ||||||
International Rectifier Corp. (a) | 2 | 35 | ||||||
Intersil Corp. (Class A) | 2 | 17 | ||||||
KLA-Tencor Corp. | 32 | 1,528 | ||||||
Kopin Corp. (a) | 4 | 13 | ||||||
Kulicke & Soffa Industries, Inc. (a) | 14 | 168 | ||||||
Lam Research Corp. (a) | 4 | 145 | ||||||
Linear Technology Corp. | 24 | 823 | ||||||
LSI Corp. (a) | 130 | 920 | ||||||
MEMC Electronic Materials, Inc. (a) | 4 | 13 | ||||||
Micrel, Inc. | 4 | 38 | ||||||
Microchip Technology, Inc. | 12 | 391 | ||||||
Micron Technology, Inc. (a) | 194 | 1,232 | ||||||
Microsemi Corp. (a) | 20 | 421 | ||||||
MKS Instruments, Inc. | 6 | 155 | ||||||
Monolithic Power Systems, Inc. (a) | 24 | 535 | ||||||
NVIDIA Corp. | 40 | 492 | ||||||
Pericom Semiconductor Corp. (a) | 4 | 32 | ||||||
RF Micro Devices, Inc. (a) | 6 | 27 | ||||||
Rubicon Technology, Inc. (a) | 2 | 12 | ||||||
Rudolph Technologies, Inc. (a) | 24 | 323 | ||||||
Semtech Corp. (a) | 10 | 289 | ||||||
Skyworks Solutions, Inc. (a) | 84 | 1,705 | ||||||
Supertex, Inc. (a) | 2 | 35 | ||||||
Teradyne, Inc. (a) | 20 | 338 | ||||||
Tessera Technologies, Inc. | 6 | 99 | ||||||
Texas Instruments, Inc. | 72 | 2,228 | ||||||
TriQuint Semiconductor, Inc. (a) | 10 | 48 | ||||||
Ultratech, Inc. (a) | 20 | 746 | ||||||
Veeco Instruments, Inc. (a) | 10 | 295 | ||||||
Volterra Semiconductor Corp. (a) | 2 | 34 | ||||||
Xilinx, Inc. | 38 | 1,364 | ||||||
32,132 | ||||||||
SOFTWARE — 2.4% | ||||||||
ACI Worldwide, Inc. (a) | 28 | 1,223 | ||||||
Adobe Systems, Inc. (a) | 114 | 4,295 | ||||||
Ansys, Inc. (a) | 60 | 4,040 | ||||||
Autodesk, Inc. (a) | 14 | 495 | ||||||
BMC Software, Inc. (a) | 66 | 2,618 | ||||||
Bottomline Technologies, Inc. (a) | 4 | 106 | ||||||
CA, Inc. | 180 | 3,956 | ||||||
Cadence Design Systems, Inc. (a) | 110 | 1,486 | ||||||
Citrix Systems, Inc. (a) | 36 | 2,367 | ||||||
CommVault Systems, Inc. (a) | 30 | 2,091 | ||||||
Compuware Corp. (a) | 86 | 935 | ||||||
Concur Technologies, Inc. (a) | 36 | 2,431 | ||||||
Ebix, Inc. | 22 | 354 | ||||||
Electronic Arts, Inc. (a) | 6 | 87 | ||||||
EPIQ Systems, Inc. | 2 | 26 | ||||||
Factset Research Systems, Inc. | 4 | 352 | ||||||
Fair Isaac Corp. | 26 | 1,093 | ||||||
Informatica Corp. (a) | 2 | 61 | ||||||
Interactive Intelligence Group (a) | 4 | 134 | ||||||
Intuit, Inc. | 64 | 3,808 | ||||||
Manhattan Associates, Inc. (a) | 14 | 845 | ||||||
Mentor Graphics Corp. (a) | 66 | 1,123 |
See accompanying notes to financial statements.
206
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
MICROS Systems, Inc. (a) | 8 | $ | 339 | |||||
Microsoft Corp. | 2,712 | 72,492 | ||||||
MicroStrategy, Inc. (a) | 2 | 187 | ||||||
Monotype Imaging Holdings, Inc. | 14 | 224 | ||||||
Netscout Systems, Inc. (a) | 28 | 728 | ||||||
Oracle Corp. | 402 | 13,395 | ||||||
Parametric Technology Corp. (a) | 22 | 495 | ||||||
Progress Software Corp. (a) | 6 | 126 | ||||||
Red Hat, Inc. (a) | 70 | 3,707 | ||||||
Rovi Corp. (a) | 2 | 31 | ||||||
Salesforce.com, Inc. (a) | 46 | 7,733 | ||||||
Solarwinds, Inc. (a) | 50 | 2,622 | ||||||
Solera Holdings, Inc. | 2 | 107 | ||||||
Sourcefire, Inc. (a) | 24 | 1,133 | ||||||
Symantec Corp. (a) | 134 | 2,520 | ||||||
Synopsys, Inc. (a) | 78 | 2,483 | ||||||
Take-Two Interactive Software, Inc. (a) | 2 | 22 | ||||||
TIBCO Software, Inc. (a) | 30 | 660 | ||||||
Tyler Technologies, Inc. (a) | 18 | 872 | ||||||
Vasco Data Security International (a) | 10 | 82 | ||||||
143,884 | ||||||||
SPECIALTY RETAIL — 3.5% | ||||||||
Aaron’s, Inc. | 10 | 283 | ||||||
Abercrombie & Fitch Co. (Class A) | 2 | 96 | ||||||
Advance Auto Parts, Inc. | 14 | 1,013 | ||||||
Aeropostale, Inc. (a) | 8 | 104 | ||||||
American Eagle Outfitters, Inc. | 148 | 3,035 | ||||||
ANN, Inc. (a) | 36 | 1,218 | ||||||
Ascena Retail Group, Inc. (a) | 92 | 1,701 | ||||||
AutoNation, Inc. (a) | 10 | 397 | ||||||
AutoZone, Inc. (a) | 13 | 4,608 | ||||||
Barnes & Noble, Inc. (a) | 6 | 90 | ||||||
Bed Bath & Beyond, Inc. (a) | 34 | 1,901 | ||||||
Best Buy Co., Inc. | 6 | 71 | ||||||
Big 5 Sporting Goods Corp. | 12 | 157 | ||||||
Brown Shoe Co., Inc. | 34 | 625 | ||||||
Cabela’s, Inc. (a) | 38 | 1,586 | ||||||
CarMax, Inc. (a) | 14 | 526 | ||||||
Chico’s FAS, Inc. | 122 | 2,252 | ||||||
Christopher & Banks Corp. (a) | 8 | 44 | ||||||
Dick’s Sporting Goods, Inc. | 64 | 2,911 | ||||||
Foot Locker, Inc. | 118 | 3,790 | ||||||
GameStop Corp. (Class A) | 2 | 50 | ||||||
Genesco, Inc. (a) | 8 | 440 | ||||||
Group 1 Automotive, Inc. | 14 | 868 | ||||||
Guess?, Inc. | 2 | 49 | ||||||
Haverty Furniture Cos., Inc. | 10 | 163 | ||||||
Hibbett Sports, Inc. (a) | 20 | 1,054 | ||||||
Hot Topic, Inc. | 16 | 154 | ||||||
Jos. A. Bank Clothiers, Inc. (a) | 2 | 85 | ||||||
Limited Brands, Inc. | 126 | 5,930 | ||||||
Lithia Motors, Inc. (Class A) | 16 | 599 | ||||||
Lowe’s Cos., Inc. | 844 | 29,979 | ||||||
Lumber Liquidators Holdings, Inc. (a) | 22 | 1,162 | ||||||
MarineMax, Inc. (a) | 4 | 36 | ||||||
Monro Muffler Brake, Inc. | 2 | 70 | ||||||
O’Reilly Automotive, Inc. (a) | 28 | 2,504 | ||||||
Office Depot, Inc. (a) | 78 | 256 | ||||||
OfficeMax, Inc. | 68 | 664 | ||||||
Pep Boys-Manny, Moe & Jack | 2 | 20 | ||||||
PetSmart, Inc. | 80 | 5,467 | ||||||
Rent-A-Center, Inc. | 12 | 412 | ||||||
Ross Stores, Inc. | 166 | 8,989 | ||||||
Rue21, Inc. (a) | 6 | 170 | ||||||
Select Comfort Corp. (a) | 42 | 1,099 | ||||||
Signet Jewelers, Ltd. | 26 | 1,388 | ||||||
Sonic Automotive, Inc. (Class A) | 22 | 460 | ||||||
Stage Stores, Inc. | 22 | 545 | ||||||
Staples, Inc. | 14 | 160 | ||||||
Stein Mart, Inc. (a) | 12 | 90 | ||||||
The Buckle, Inc. | 4 | 179 | ||||||
The Cato Corp. (Class A) | 12 | 329 | ||||||
The Children’s Place Retail Stores, Inc. (a) | 14 | 620 | ||||||
The Finish Line, Inc. (Class A) | 18 | 341 | ||||||
The Gap, Inc. | 246 | 7,636 | ||||||
The Home Depot, Inc. | 1,242 | 76,818 | ||||||
The Men’s Wearhouse, Inc. | 16 | 499 | ||||||
Tiffany & Co. | 2 | 115 | ||||||
TJX Cos., Inc. | 576 | 24,451 | ||||||
Tractor Supply Co. | 50 | 4,418 | ||||||
Urban Outfitters, Inc. (a) | 76 | 2,991 | ||||||
Vitamin Shoppe, Inc. (a) | 24 | 1,377 | ||||||
Williams-Sonoma, Inc. | 38 | 1,663 | ||||||
Zale Corp. (a) | 22 | 90 | ||||||
Zumiez, Inc. (a) | 10 | 194 | ||||||
210,992 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.4% | ||||||||
Carter’s, Inc. (a) | 38 | 2,115 | ||||||
Coach, Inc. | 6 | 333 | ||||||
Crocs, Inc. (a) | 6 | 86 | ||||||
Fifth & Pacific Cos, Inc. (a) | 88 | 1,096 | ||||||
Fossil, Inc. (a) | 2 | 186 | ||||||
Hanesbrands, Inc. (a) | 48 | 1,719 | ||||||
Iconix Brand Group, Inc. (a) | 8 | 179 | ||||||
Movado Group, Inc. | 14 | 429 | ||||||
NIKE, Inc. (Class B) | 76 | 3,922 | ||||||
Oxford Industries, Inc. | 10 | 464 | ||||||
PVH Corp. | 38 | 4,218 | ||||||
Quiksilver, Inc. (a) | 14 | 59 | ||||||
Ralph Lauren Corp. | 4 | 600 | ||||||
Skechers U.S.A., Inc. (a) | 28 | 518 | ||||||
Steven Madden, Ltd. (a) | 16 | 676 | ||||||
The Warnaco Group, Inc. (a) | 8 | 573 | ||||||
Under Armour, Inc. (Class A) (a) | 48 | 2,329 | ||||||
V.F. Corp. | 36 | 5,435 | ||||||
Wolverine World Wide, Inc. | 20 | 820 | ||||||
25,757 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Astoria Financial Corp. | 44 | 412 | ||||||
Bank Mutual Corp. | 30 | 129 | ||||||
Brookline Bancorp, Inc. | 16 | 136 | ||||||
Dime Community Bancshares | 16 | 222 | ||||||
Hudson City Bancorp, Inc. | 292 | 2,374 | ||||||
New York Community Bancorp, Inc. | 158 | 2,070 | ||||||
Northwest Bancshares, Inc. | 14 | 170 | ||||||
Oritani Financial Corp. | 18 | 276 | ||||||
People’s United Financial, Inc. | 38 | 459 |
See accompanying notes to financial statements.
207
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Provident Financial Services, Inc. | 28 | $ | 418 | |||||
TrustCo Bank Corp. NY | 46 | 243 | ||||||
ViewPoint Financial Group | 26 | 544 | ||||||
Washington Federal, Inc. | 56 | 945 | ||||||
8,398 | ||||||||
TOBACCO — 2.3% | ||||||||
Alliance One International, Inc. (a) | 40 | 146 | ||||||
Altria Group, Inc. | 1,160 | 36,447 | ||||||
Lorillard, Inc. | 30 | 3,500 | ||||||
Philip Morris International, Inc. | 1,104 | 92,338 | ||||||
Reynolds American, Inc. | 132 | 5,469 | ||||||
Universal Corp. | 12 | 599 | ||||||
138,499 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.3% | ||||||||
Applied Industrial Technologies, Inc. | 22 | 924 | ||||||
Fastenal Co. | 86 | 4,015 | ||||||
GATX Corp. | 16 | 693 | ||||||
Kaman Corp. | 6 | 221 | ||||||
MSC Industrial Direct Co., Inc. (Class A) | 4 | 302 | ||||||
United Rentals, Inc. (a) | 64 | 2,913 | ||||||
W.W. Grainger, Inc. | 32 | 6,476 | ||||||
Watsco, Inc. | 16 | 1,198 | ||||||
16,742 | ||||||||
WATER UTILITIES — 0.0% (b) | ||||||||
American States Water Co. | 12 | 576 | ||||||
Aqua America, Inc. | 50 | 1,271 | ||||||
1,847 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.6% | ||||||||
Crown Castle International Corp. (a) | 230 | 16,597 | ||||||
MetroPCS Communications, Inc. (a) | 220 | 2,187 | ||||||
Sprint Nextel Corp. (a) | 2,474 | 14,028 | ||||||
Telephone & Data Systems, Inc. | 54 | 1,195 | ||||||
USA Mobility, Inc. | 2 | 23 | ||||||
34,030 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,981,239) | 6,012,154 | |||||||
SHORT TERM INVESTMENT — 0.7% | ||||||||
MONEY MARKET FUND — 0.7% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) (Cost $44,469) | 44,469 | 44,469 | ||||||
TOTAL INVESTMENTS — 100.4% (f) | ||||||||
(Cost $6,025,708) | 6,056,623 | |||||||
OTHER ASSETS & LIABILITIES — (0.4)% | (25,779 | ) | ||||||
NET ASSETS — 100.0% | $ | 6,030,844 | ||||||
(a) | Non-income producing security. | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
208
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 2.4% | ||||||||
AAR Corp. | 30 | $ | 560 | |||||
Aerovironment, Inc. (a) | 6 | 131 | ||||||
Alliant Techsystems, Inc. | 36 | 2,231 | ||||||
American Science & Engineering, Inc. | 2 | 130 | ||||||
BE Aerospace, Inc. (a) | 30 | 1,482 | ||||||
Cubic Corp. | 10 | 480 | ||||||
Curtiss-Wright Corp. | 22 | 722 | ||||||
Esterline Technologies Corp. (a) | 14 | 891 | ||||||
Exelis, Inc. | 82 | 924 | ||||||
GenCorp, Inc. (a) | 32 | 293 | ||||||
General Dynamics Corp. | 178 | 12,330 | ||||||
Honeywell International, Inc. | 258 | 16,375 | ||||||
Huntington Ingalls Industries, Inc. | 30 | 1,300 | ||||||
L-3 Communications Holdings, Inc. | 106 | 8,122 | ||||||
Lockheed Martin Corp. | 196 | 18,089 | ||||||
Moog, Inc. (Class A) (a) | 22 | 903 | ||||||
National Presto Industries, Inc. | 4 | 276 | ||||||
Northrop Grumman Corp. | 180 | 12,164 | ||||||
Orbital Sciences Corp. (a) | 32 | 441 | ||||||
Precision Castparts Corp. | 22 | 4,167 | ||||||
Raytheon Co. | 216 | 12,433 | ||||||
Rockwell Collins, Inc. | 46 | 2,676 | ||||||
Teledyne Technologies, Inc. (a) | 14 | 911 | ||||||
Textron, Inc. | 108 | 2,677 | ||||||
The Boeing Co. | 258 | 19,443 | ||||||
Triumph Group, Inc. | 18 | 1,175 | ||||||
United Technologies Corp. | 308 | 25,259 | ||||||
146,585 | ||||||||
AIR FREIGHT & LOGISTICS — 0.6% | ||||||||
C.H. Robinson Worldwide, Inc. | 44 | 2,782 | ||||||
Expeditors International of Washington, Inc. | 44 | 1,740 | ||||||
FedEx Corp. | 130 | 11,924 | ||||||
Forward Air Corp. | 6 | 210 | ||||||
HUB Group, Inc. (Class A) (a) | 14 | 470 | ||||||
United Parcel Service, Inc. (Class B) | 222 | 16,368 | ||||||
UTI Worldwide, Inc. | 50 | 670 | ||||||
34,164 | ||||||||
AIRLINES — 0.2% | ||||||||
Alaska Air Group, Inc. (a) | 42 | 1,810 | ||||||
Allegiant Travel Co. | 6 | 440 | ||||||
JetBlue Airways Corp. (a) | 248 | 1,416 | ||||||
SkyWest, Inc. | 56 | 698 | ||||||
Southwest Airlines Co. | 540 | 5,530 | ||||||
9,894 | ||||||||
AUTO COMPONENTS — 0.3% | ||||||||
BorgWarner, Inc. (a) | 26 | 1,862 | ||||||
Drew Industries, Inc. | 8 | 258 | ||||||
Gentex Corp. | 32 | 602 | ||||||
Johnson Controls, Inc. | 328 | 10,070 | ||||||
Spartan Motors, Inc. | 22 | 108 | ||||||
Standard Motor Products, Inc. | 14 | 311 | ||||||
Superior Industries International, Inc. | 16 | 326 | ||||||
The Goodyear Tire & Rubber Co. (a) | 266 | 3,674 | ||||||
17,211 | ||||||||
AUTOMOBILES — 0.9% | ||||||||
Ford Motor Co. | 4,135 | 53,548 | ||||||
Harley-Davidson, Inc. | 58 | 2,833 | ||||||
Thor Industries, Inc. | 24 | 899 | ||||||
Winnebago Industries, Inc. (a) | 10 | 171 | ||||||
57,451 | ||||||||
BEVERAGES — 1.6% | ||||||||
Beam, Inc. | 58 | 3,543 | ||||||
Boston Beer Co., Inc. (Class A) (a) | 2 | 269 | ||||||
Brown-Forman Corp. (Class B) | 46 | 2,910 | ||||||
Coca-Cola Enterprises, Inc. | 110 | 3,490 | ||||||
Constellation Brands, Inc. (Class A) (a) | 80 | 2,831 | ||||||
Dr. Pepper Snapple Group, Inc. | 84 | 3,711 | ||||||
Molson Coors Brewing Co. (Class B) | 92 | 3,937 | ||||||
Monster Beverage Corp. (a) | 24 | 1,269 | ||||||
PepsiCo, Inc. | 514 | 35,173 | ||||||
The Coca-Cola Co. | 1,042 | 37,773 | ||||||
94,906 | ||||||||
BIOTECHNOLOGY — 1.0% | ||||||||
Amgen, Inc. | 238 | 20,544 | ||||||
ArQule, Inc. (a) | 8 | 22 | ||||||
Biogen Idec, Inc. (a) | 54 | 7,920 | ||||||
Celgene Corp. (a) | 88 | 6,927 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 16 | 673 | ||||||
Emergent Biosolutions, Inc. (a) | 14 | 225 | ||||||
Gilead Sciences, Inc. (a) | 234 | 17,187 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 20 | 236 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 12 | 2,053 | ||||||
United Therapeutics Corp. (a) | 14 | 748 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 34 | 1,426 | ||||||
57,961 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
A.O. Smith Corp. | 18 | 1,135 | ||||||
AAON, Inc. | 6 | 125 | ||||||
Apogee Enterprises, Inc. | 18 | 431 | ||||||
Fortune Brands Home & Security, Inc. (a) | 36 | 1,052 | ||||||
Gibraltar Industries, Inc. (a) | 16 | 255 | ||||||
Griffon Corp. | 34 | 390 | ||||||
Lennox International, Inc. | 20 | 1,050 | ||||||
Masco Corp. | 158 | 2,632 | ||||||
NCI Building Systems, Inc. (a) | 14 | 195 | ||||||
Quanex Building Products Corp. | 14 | 286 | ||||||
Simpson Manufacturing Co., Inc. | 14 | 459 | ||||||
Universal Forest Products, Inc. | 12 | 457 | ||||||
8,467 | ||||||||
CAPITAL MARKETS — 2.5% | ||||||||
Affiliated Managers Group, Inc. (a) | 14 | 1,822 | ||||||
Ameriprise Financial, Inc. | 100 | 6,263 | ||||||
Apollo Investment Corp. | 220 | 1,839 | ||||||
BlackRock, Inc. | 75 | 15,503 | ||||||
Calamos Asset Management, Inc. (Class A) | 22 | 233 | ||||||
E*TRADE Financial Corp. (a) | 186 | 1,665 | ||||||
Eaton Vance Corp. | 32 | 1,019 | ||||||
Federated Investors, Inc. (Class B) | 44 | 890 | ||||||
Financial Engines, Inc. (a) | 6 | 167 | ||||||
Franklin Resources, Inc. | 52 | 6,536 | ||||||
Greenhill & Co., Inc. | 10 | 520 |
See accompanying notes to financial statements.
209
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Invesco, Ltd. | 146 | $ | 3,809 | |||||
Investment Technology Group, Inc. (a) | 28 | 252 | ||||||
Janus Capital Group, Inc. | 82 | 699 | ||||||
Jefferies Group, Inc. | 70 | 1,300 | ||||||
Legg Mason, Inc. | 88 | 2,263 | ||||||
Morgan Stanley | 1,504 | 28,757 | ||||||
Northern Trust Corp. | 90 | 4,514 | ||||||
Piper Jaffray Co., Inc. (a) | 18 | 578 | ||||||
Prospect Capital Corp. | 78 | 848 | ||||||
Raymond James Financial, Inc. | 46 | 1,772 | ||||||
SEI Investments Co. | 44 | 1,027 | ||||||
State Street Corp. (b) | 176 | 8,274 | ||||||
Stifel Financial Corp. (a) | 16 | 512 | ||||||
SWS Group, Inc. (a) | 30 | 159 | ||||||
T. Rowe Price Group, Inc. | 56 | 3,647 | ||||||
The Bank of New York Mellon Corp. | 636 | 16,345 | ||||||
The Charles Schwab Corp. | 362 | 5,198 | ||||||
The Goldman Sachs Group, Inc. | 292 | 37,248 | ||||||
Virtus Investment Partners, Inc. (a) | 2 | 242 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 26 | 905 | ||||||
154,806 | ||||||||
CHEMICALS — 1.8% | ||||||||
A. Schulman, Inc. | 18 | 521 | ||||||
Air Products & Chemicals, Inc. | 74 | 6,218 | ||||||
Airgas, Inc. | 22 | 2,008 | ||||||
Albemarle Corp. | 24 | 1,491 | ||||||
American Vanguard Corp. | 6 | 186 | ||||||
Ashland, Inc. | 40 | 3,216 | ||||||
Balchem Corp. | 4 | 146 | ||||||
Cabot Corp. | 28 | 1,114 | ||||||
Calgon Carbon Corp. (a) | 18 | 255 | ||||||
CF Industries Holdings, Inc. | 20 | 4,063 | ||||||
Cytec Industries, Inc. | 20 | 1,377 | ||||||
E. I. du Pont de Nemours & Co. | 326 | 14,660 | ||||||
Eastman Chemical Co. | 60 | 4,083 | ||||||
Ecolab, Inc. | 40 | 2,876 | ||||||
FMC Corp. | 28 | 1,639 | ||||||
H.B. Fuller Co. | 16 | 557 | ||||||
Hawkins, Inc. | 4 | 155 | ||||||
International Flavors & Fragrances, Inc. | 24 | 1,597 | ||||||
Intrepid Potash, Inc. (a) | 22 | 468 | ||||||
Koppers Holdings, Inc. | 10 | 382 | ||||||
Kraton Performance Polymers, Inc. (a) | 18 | 433 | ||||||
LSB Industries, Inc. (a) | 8 | 283 | ||||||
Minerals Technologies, Inc. | 12 | 479 | ||||||
Monsanto Co. | 120 | 11,358 | ||||||
NewMarket Corp. | 4 | 1,049 | ||||||
Olin Corp. | 44 | 950 | ||||||
OM Group, Inc. (a) | 24 | 533 | ||||||
PolyOne Corp. | 48 | 980 | ||||||
PPG Industries, Inc. | 60 | 8,121 | ||||||
Praxair, Inc. | 76 | 8,318 | ||||||
Quaker Chemical Corp. | 6 | 323 | ||||||
RPM International, Inc. | 58 | 1,703 | ||||||
Sensient Technologies Corp. | 20 | 711 | ||||||
Sigma-Aldrich Corp. | 24 | 1,766 | ||||||
Stepan Co. | 8 | 444 | ||||||
The Dow Chemical Co. | 476 | 15,384 | ||||||
The Mosaic Co. | 122 | 6,909 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 18 | 793 | ||||||
The Sherwin-Williams Co. | 22 | 3,384 | ||||||
Tredegar Corp. | 14 | 286 | ||||||
Valspar Corp. | 24 | 1,498 | ||||||
Zep, Inc. | 10 | 144 | ||||||
112,861 | ||||||||
COMMERCIAL BANKS — 3.3% | ||||||||
Associated Banc-Corp. | 82 | 1,076 | ||||||
BancorpSouth, Inc. | 60 | 872 | ||||||
Bank of Hawaii Corp. | 20 | 881 | ||||||
Bank of the Ozarks, Inc. | 8 | 268 | ||||||
BB&T Corp. | 376 | 10,945 | ||||||
BBCN Bancorp, Inc. | 18 | 208 | ||||||
Boston Private Financial Holdings, Inc. | 26 | 234 | ||||||
Cathay General Bancorp | 26 | 507 | ||||||
City Holding Co. | 8 | 279 | ||||||
City National Corp. | 20 | 990 | ||||||
Columbia Banking System, Inc. | 12 | 215 | ||||||
Comerica, Inc. | 92 | 2,791 | ||||||
Commerce Bancshares, Inc. | 33 | 1,157 | ||||||
Community Bank System, Inc. | 16 | 438 | ||||||
Cullen/Frost Bankers, Inc. | 28 | 1,520 | ||||||
CVB Financial Corp. | 42 | 437 | ||||||
East West Bancorp, Inc. | 44 | 946 | ||||||
F.N.B. Corp. | 76 | 807 | ||||||
Fifth Third Bancorp | 496 | 7,534 | ||||||
First BanCorp- Puerto Rico (a) | 76 | 348 | ||||||
First Commonwealth Financial Corp. | 56 | 382 | ||||||
First Financial Bancorp | 32 | 468 | ||||||
First Financial Bankshares, Inc. | 10 | 390 | ||||||
First Horizon National Corp. | 134 | 1,328 | ||||||
First Midwest Bancorp, Inc. | 34 | 426 | ||||||
First Niagara Financial Group, Inc. | 156 | 1,237 | ||||||
FirstMerit Corp. | 52 | 738 | ||||||
Fulton Financial Corp. | 88 | 846 | ||||||
Glacier Bancorp, Inc. | 34 | 500 | ||||||
Hancock Holding Co. | 22 | 698 | ||||||
Hanmi Financial Corp. (a) | 16 | 217 | ||||||
Home Bancshares, Inc. | 8 | 264 | ||||||
Huntington Bancshares, Inc. | 462 | 2,952 | ||||||
Independent Bank Corp.-Massachusetts | 8 | 232 | ||||||
International Bancshares Corp. | 36 | 650 | ||||||
Keycorp | 556 | 4,682 | ||||||
M&T Bank Corp. | 58 | 5,711 | ||||||
National Penn Bancshares, Inc. | 54 | 503 | ||||||
NBT Bancorp, Inc. | 18 | 365 | ||||||
Old National Bancorp | 42 | 499 | ||||||
PacWest Bancorp | 12 | 297 | ||||||
Pinnacle Financial Partners, Inc. (a) | 16 | 301 | ||||||
PNC Financial Services Group, Inc. | 286 | 16,677 | ||||||
PrivateBancorp, Inc. | 28 | 429 | ||||||
Prosperity Bancshares, Inc. | 16 | 672 | ||||||
Regions Financial Corp. | 1,028 | 7,319 | ||||||
S&T Bancorp, Inc. | 16 | 289 | ||||||
Signature Bank (a) | 12 | 856 | ||||||
Simmons First National Corp. | 8 | 203 | ||||||
Sterling Bancorp | 14 | 128 | ||||||
SunTrust Banks, Inc. | 392 | 11,113 | ||||||
Susquehanna Bancshares, Inc. | 82 | 859 |
See accompanying notes to financial statements.
210
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
SVB Financial Group (a) | 14 | $ | 784 | |||||
Synovus Financial Corp. | 856 | 2,097 | ||||||
TCF Financial Corp. | 96 | 1,166 | ||||||
Texas Capital Bancshares, Inc. (a) | 10 | 448 | ||||||
Tompkins Financial Corp. | 8 | 317 | ||||||
Trustmark Corp. | 30 | 674 | ||||||
U.S. Bancorp | 722 | 23,061 | ||||||
UMB Financial Corp. | 16 | 701 | ||||||
Umpqua Holdings Corp. | 50 | 590 | ||||||
United Bankshares, Inc. | 22 | 535 | ||||||
United Community Banks, Inc. (a) | 50 | 471 | ||||||
Valley National Bancorp | 106 | 986 | ||||||
Webster Financial Corp. | 34 | 699 | ||||||
Wells Fargo & Co. | 2,026 | 69,249 | ||||||
Westamerica Bancorporation | 10 | 426 | ||||||
Wilshire Bancorp, Inc. (a) | 30 | 176 | ||||||
Wintrust Financial Corp. | 16 | 587 | ||||||
Zions Bancorporation | 108 | 2,311 | ||||||
199,962 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.7% | ||||||||
ABM Industries, Inc. | 36 | 718 | ||||||
Avery Dennison Corp. | 74 | 2,584 | ||||||
Cintas Corp. | 48 | 1,963 | ||||||
Clean Harbors, Inc. (a) | 12 | 660 | ||||||
Consolidated Graphics, Inc. (a) | 10 | 349 | ||||||
Copart, Inc. (a) | 34 | 1,003 | ||||||
Corrections Corp. of America | 42 | 1,490 | ||||||
Deluxe Corp. | 32 | 1,032 | ||||||
G & K Services, Inc. (Class A) | 10 | 341 | ||||||
Healthcare Services Group, Inc. | 18 | 418 | ||||||
Herman Miller, Inc. | 20 | 428 | ||||||
HNI Corp. | 22 | 661 | ||||||
Interface, Inc. | 18 | 289 | ||||||
Iron Mountain, Inc. | 52 | 1,615 | ||||||
Mine Safety Appliances Co. | 12 | 513 | ||||||
Mobile Mini, Inc. (a) | 16 | 333 | ||||||
Pitney Bowes, Inc. | 218 | 2,320 | ||||||
R.R. Donnelley & Sons Co. | 196 | 1,764 | ||||||
Republic Services, Inc. | 162 | 4,751 | ||||||
Rollins, Inc. | 28 | 617 | ||||||
Stericycle, Inc. (a) | 18 | 1,679 | ||||||
Sykes Enterprises, Inc. (a) | 24 | 365 | ||||||
Tetra Tech, Inc. (a) | 26 | 688 | ||||||
The Brink’s Co. | 52 | 1,484 | ||||||
The Geo Group, Inc. | 40 | 1,128 | ||||||
Tyco International, Ltd. | 176 | 5,148 | ||||||
UniFirst Corp. | 8 | 587 | ||||||
United Stationers, Inc. | 30 | 930 | ||||||
Viad Corp. | 12 | 326 | ||||||
Waste Connections, Inc. | 32 | 1,081 | ||||||
Waste Management, Inc. | 234 | 7,895 | ||||||
45,160 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.1% | ||||||||
ADTRAN, Inc. | 16 | 313 | ||||||
Arris Group, Inc. (a) | 50 | 747 | ||||||
Bel Fuse, Inc. (Class B) | 6 | 117 | ||||||
Black Box Corp. | 12 | 292 | ||||||
Ciena Corp. (a) | 22 | 345 | ||||||
Cisco Systems, Inc. | 1,514 | 29,750 | ||||||
Comtech Telecommunications Corp. | 10 | 254 | ||||||
Digi International, Inc. (a) | 12 | 114 | ||||||
F5 Networks, Inc. (a) | 12 | 1,166 | ||||||
Harmonic, Inc. (a) | 42 | 213 | ||||||
Harris Corp. | 54 | 2,644 | ||||||
JDS Uniphase Corp. (a) | 60 | 812 | ||||||
Juniper Networks, Inc. (a) | 174 | 3,423 | ||||||
Motorola Solutions, Inc. | 100 | 5,568 | ||||||
Netgear, Inc. (a) | 12 | 473 | ||||||
Oplink Communications, Inc. (a) | 8 | 125 | ||||||
PC-Tel, Inc. | 6 | 43 | ||||||
Plantronics, Inc. | 10 | 369 | ||||||
Polycom, Inc. (a) | 50 | 523 | ||||||
QUALCOMM, Inc. | 260 | 16,125 | ||||||
Riverbed Technology, Inc. (a) | 25 | 493 | ||||||
Symmetricom, Inc. (a) | 16 | 92 | ||||||
Tellabs, Inc. | 186 | 424 | ||||||
ViaSat, Inc. (a) | 10 | 389 | ||||||
64,814 | ||||||||
COMPUTERS & PERIPHERALS — 3.0% | ||||||||
Apple, Inc. | 210 | 111,936 | ||||||
Avid Technology, Inc. (a) | 20 | 151 | ||||||
Dell, Inc. | 1,058 | 10,717 | ||||||
Diebold, Inc. | 28 | 857 | ||||||
EMC Corp. (a) | 566 | 14,320 | ||||||
Hewlett-Packard Co. | 2,140 | 30,495 | ||||||
Intermec, Inc. (a) | 30 | 296 | ||||||
Intevac, Inc. (a) | 10 | 46 | ||||||
Lexmark International, Inc. (Class A) | 46 | 1,067 | ||||||
NCR Corp. (a) | 66 | 1,682 | ||||||
NetApp, Inc. (a) | 94 | 3,154 | ||||||
QLogic Corp. (a) | 36 | 350 | ||||||
SanDisk Corp. (a) | 92 | 4,007 | ||||||
Super Micro Computer, Inc. (a) | 12 | 122 | ||||||
Synaptics, Inc. (a) | 10 | 300 | ||||||
Western Digital Corp. | 132 | 5,609 | ||||||
185,109 | ||||||||
CONSTRUCTION & ENGINEERING — 0.4% | ||||||||
Aecom Technology Corp. (a) | 82 | 1,952 | ||||||
Aegion Corp. (a) | 18 | 399 | ||||||
Comfort Systems USA, Inc. | 28 | 341 | ||||||
Dycom Industries, Inc. (a) | 14 | 277 | ||||||
EMCOR Group, Inc. | 44 | 1,523 | ||||||
Fluor Corp. | 80 | 4,699 | ||||||
Granite Construction, Inc. | 20 | 672 | ||||||
Jacobs Engineering Group, Inc. (a) | 70 | 2,980 | ||||||
KBR, Inc. | 70 | 2,094 | ||||||
Orion Marine Group, Inc. (a) | 16 | 117 | ||||||
Quanta Services, Inc. (a) | 88 | 2,402 | ||||||
The Shaw Group, Inc. (a) | 48 | 2,237 | ||||||
URS Corp. | 56 | 2,199 | ||||||
21,892 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Eagle Materials, Inc. | 10 | 585 | ||||||
Headwaters, Inc. (a) | 40 | 342 | ||||||
Martin Marietta Materials, Inc. | 14 | 1,320 |
See accompanying notes to financial statements.
211
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Texas Industries, Inc. (a) | 6 | $ | 306 | |||||
Vulcan Materials Co. | 42 | 2,186 | ||||||
4,739 | ||||||||
CONSUMER FINANCE — 0.9% | ||||||||
American Express Co. | 376 | 21,613 | ||||||
Capital One Financial Corp. | 314 | 18,190 | ||||||
Cash America International, Inc. | 16 | 635 | ||||||
Discover Financial Services | 228 | 8,789 | ||||||
Encore Capital Group, Inc. (a) | 12 | 367 | ||||||
Ezcorp, Inc. (Class A) (a) | 18 | 358 | ||||||
First Cash Financial Services, Inc. (a) | 4 | 198 | ||||||
Portfolio Recovery Associates, Inc. (a) | 6 | 641 | ||||||
SLM Corp. | 194 | 3,323 | ||||||
World Acceptance Corp. (a) | 8 | 597 | ||||||
54,711 | ||||||||
CONTAINERS & PACKAGING — 0.3% | ||||||||
AptarGroup, Inc. | 20 | 954 | ||||||
Ball Corp. | 54 | 2,417 | ||||||
Bemis Co., Inc. | 56 | 1,874 | ||||||
Greif, Inc. (Class A) | 32 | 1,424 | ||||||
Myers Industries, Inc. | 14 | 212 | ||||||
Owens-Illinois, Inc. (a) | 88 | 1,872 | ||||||
Packaging Corp. of America | 44 | 1,693 | ||||||
Rock-Tenn Co. (Class A) | 24 | 1,678 | ||||||
Sealed Air Corp. | 94 | 1,646 | ||||||
Silgan Holdings, Inc. | 24 | 998 | ||||||
Sonoco Products Co. | 54 | 1,605 | ||||||
16,373 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. | 68 | 4,323 | ||||||
LKQ Corp. (a) | 84 | 1,772 | ||||||
Pool Corp. | 14 | 593 | ||||||
VOXX International Corp. (a) | 20 | 135 | ||||||
6,823 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
American Public Education, Inc. (a) | 4 | 145 | ||||||
Apollo Group, Inc. (Class A) (a) | 60 | 1,255 | ||||||
Capella Education Co. (a) | 6 | 169 | ||||||
Career Education Corp. (a) | 56 | 197 | ||||||
Coinstar, Inc. (a) | 12 | 624 | ||||||
Corinthian Colleges, Inc. (a) | 84 | 205 | ||||||
DeVry, Inc. | 32 | 759 | ||||||
H&R Block, Inc. | 146 | 2,711 | ||||||
Hillenbrand, Inc. | 26 | 588 | ||||||
ITT Educational Services, Inc. (a) | 12 | 208 | ||||||
Lincoln Educational Services Corp. | 24 | 134 | ||||||
Matthews International Corp. (Class A) | 12 | 385 | ||||||
Regis Corp. | 38 | 643 | ||||||
Service Corp. International | 96 | 1,326 | ||||||
Sotheby’s | 16 | 538 | ||||||
Strayer Education, Inc. | 6 | 337 | ||||||
Universal Technical Institute, Inc. | 10 | 101 | ||||||
10,325 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 5.7% | ||||||||
Bank of America Corp. | 11,683 | 135,523 | ||||||
CBOE Holdings, Inc. | 14 | 412 | ||||||
Citigroup, Inc. | 2,123 | 83,986 | ||||||
CME Group, Inc. | 136 | 6,896 | ||||||
Interactive Brokers Group, Inc. (Class A) | 44 | 602 | ||||||
IntercontinentalExchange, Inc. (a) | 18 | 2,229 | ||||||
JPMorgan Chase & Co. | 2,459 | 108,122 | ||||||
Leucadia National Corp. | 106 | 2,522 | ||||||
Moody’s Corp. | 44 | 2,214 | ||||||
MSCI, Inc. (Class A) (a) | 18 | 558 | ||||||
NYSE Euronext | 132 | 4,163 | ||||||
The NASDAQ OMX Group, Inc. | 86 | 2,151 | ||||||
349,378 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.7% | ||||||||
AT&T, Inc. | 3,734 | 125,873 | ||||||
Atlantic Tele-Network, Inc. | 10 | 367 | ||||||
Cbeyond, Inc. (a) | 20 | 181 | ||||||
CenturyLink, Inc. | 192 | 7,511 | ||||||
Cincinnati Bell, Inc. (a) | 128 | 701 | ||||||
Frontier Communications Corp. | 1,086 | 4,648 | ||||||
General Communication, Inc. (Class A) (a) | 36 | 345 | ||||||
Lumos Networks Corp. | 4 | 40 | ||||||
Neutral Tandem, Inc. | 14 | 36 | ||||||
tw telecom, Inc. (a) | 50 | 1,274 | ||||||
Verizon Communications, Inc. | 1,844 | 79,790 | ||||||
Windstream Corp. | 346 | 2,865 | ||||||
223,631 | ||||||||
ELECTRIC UTILITIES — 2.7% | ||||||||
ALLETE, Inc. | 20 | 820 | ||||||
American Electric Power Co.,��Inc. | 316 | 13,487 | ||||||
Cleco Corp. | 26 | 1,040 | ||||||
Duke Energy Corp. | 414 | 26,413 | ||||||
Edison International | 212 | 9,580 | ||||||
El Paso Electric Co. | 18 | 574 | ||||||
Entergy Corp. | 192 | 12,240 | ||||||
Exelon Corp. | 460 | 13,680 | ||||||
FirstEnergy Corp. | 226 | 9,438 | ||||||
Great Plains Energy, Inc. | 100 | 2,031 | ||||||
Hawaiian Electric Industries, Inc. | 58 | 1,458 | ||||||
IDACORP, Inc. | 28 | 1,214 | ||||||
NextEra Energy, Inc. | 228 | 15,775 | ||||||
Northeast Utilities | 150 | 5,862 | ||||||
NV Energy, Inc. | 140 | 2,540 | ||||||
OGE Energy Corp. | 44 | 2,478 | ||||||
Pepco Holdings, Inc. | 166 | 3,255 | ||||||
Pinnacle West Capital Corp. | 64 | 3,263 | ||||||
PNM Resources, Inc. | 58 | 1,190 | ||||||
PPL Corp. | 314 | 8,990 | ||||||
The Southern Co. | 388 | 16,610 | ||||||
UIL Holdings Corp. | 24 | 859 | ||||||
UNS Energy Corp. | 30 | 1,273 | ||||||
Westar Energy, Inc. | 56 | 1,603 | ||||||
Xcel Energy, Inc. | 234 | 6,250 | ||||||
161,923 | ||||||||
ELECTRICAL EQUIPMENT — 0.7% | ||||||||
Acuity Brands, Inc. | 10 | 677 | ||||||
AMETEK, Inc. | 50 | 1,879 | ||||||
AZZ, Inc. | 8 | 307 | ||||||
Belden, Inc. | 16 | 720 |
See accompanying notes to financial statements.
212
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Brady Corp. (Class A) | 20 | $ | 668 | |||||
Eaton Corp. PLC | 198 | 10,732 | ||||||
Emerson Electric Co. | 266 | 14,087 | ||||||
Encore Wire Corp. | 8 | 243 | ||||||
EnerSys (a) | 22 | 828 | ||||||
Franklin Electric Co., Inc. | 8 | 497 | ||||||
General Cable Corp. (a) | 54 | 1,642 | ||||||
Hubbell, Inc. (Class B) | 18 | 1,523 | ||||||
II-VI, Inc. (a) | 16 | 292 | ||||||
Powell Industries, Inc. (a) | 6 | 249 | ||||||
Regal-Beloit Corp. | 16 | 1,128 | ||||||
Rockwell Automation, Inc. | 36 | 3,024 | ||||||
Roper Industries, Inc. | 20 | 2,230 | ||||||
Vicor Corp. (a) | 22 | 119 | ||||||
40,845 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.9% | ||||||||
Agilysys, Inc. (a) | 10 | 84 | ||||||
Amphenol Corp. (Class A) | 34 | 2,200 | ||||||
Anixter International, Inc. | 16 | 1,024 | ||||||
Arrow Electronics, Inc. (a) | 118 | 4,493 | ||||||
Avnet, Inc. (a) | 154 | 4,714 | ||||||
Badger Meter, Inc. | 4 | 190 | ||||||
Benchmark Electronics, Inc. (a) | 40 | 665 | ||||||
Checkpoint Systems, Inc. (a) | 26 | 279 | ||||||
Cognex Corp. | 6 | 221 | ||||||
Corning, Inc. | 878 | 11,080 | ||||||
CTS Corp. | 16 | 170 | ||||||
Daktronics, Inc. | 20 | 221 | ||||||
DTS, Inc. (a) | 4 | 67 | ||||||
Electro Scientific Industries, Inc. | 8 | 80 | ||||||
FARO Technologies, Inc. (a) | 2 | 71 | ||||||
FEI Co. | 10 | 555 | ||||||
FLIR Systems, Inc. | 38 | 848 | ||||||
Ingram Micro, Inc. (Class A) (a) | 164 | 2,775 | ||||||
Insight Enterprises, Inc. (a) | 48 | 834 | ||||||
Itron, Inc. (a) | 18 | 802 | ||||||
Jabil Circuit, Inc. | 122 | 2,353 | ||||||
Littelfuse, Inc. | 6 | 370 | ||||||
Measurement Specialties, Inc. (a) | 6 | 206 | ||||||
Mercury Computer Systems, Inc. (a) | 12 | 110 | ||||||
Methode Electronics, Inc. (Class A) | 18 | 181 | ||||||
Mettler-Toledo International, Inc. (a) | 6 | 1,160 | ||||||
Molex, Inc. | 66 | 1,804 | ||||||
MTS Systems Corp. | 4 | 204 | ||||||
National Instruments Corp. | 24 | 619 | ||||||
Newport Corp. (a) | 16 | 215 | ||||||
OSI Systems, Inc. (a) | 6 | 384 | ||||||
Park Electrochemical Corp. | 6 | 154 | ||||||
Plexus Corp. (a) | 18 | 464 | ||||||
RadiSys Corp. (a) | 12 | 36 | ||||||
Rofin-Sinar Technologies, Inc. (a) | 12 | 260 | ||||||
Rogers Corp. (a) | 6 | 298 | ||||||
Scansource, Inc. (a) | 16 | 508 | ||||||
SYNNEX Corp. (a) | 28 | 963 | ||||||
TE Connectivity, Ltd. | 178 | 6,607 | ||||||
Tech Data Corp. (a) | 42 | 1,912 | ||||||
Trimble Navigation, Ltd. (a) | 26 | 1,554 | ||||||
TTM Technologies, Inc. (a) | 38 | 350 | ||||||
Vishay Intertechnology, Inc. (a) | 96 | 1,021 | ||||||
53,106 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.5% | ||||||||
Atwood Oceanics, Inc. (a) | 26 | 1,191 | ||||||
Baker Hughes, Inc. | 194 | 7,923 | ||||||
Basic Energy Services, Inc. (a) | 20 | 228 | ||||||
Bristow Group, Inc. | 14 | 751 | ||||||
Cameron International Corp. (a) | 70 | 3,952 | ||||||
CARBO Ceramics, Inc. | 4 | 313 | ||||||
Diamond Offshore Drilling, Inc. | 76 | 5,165 | ||||||
Dresser-Rand Group, Inc. (a) | 24 | 1,347 | ||||||
Dril-Quip, Inc. (a) | 10 | 731 | ||||||
Exterran Holdings, Inc. (a) | 70 | 1,534 | ||||||
FMC Technologies, Inc. (a) | 48 | 2,056 | ||||||
Geospace Technologies Corp. (a) | 2 | 178 | ||||||
Gulf Island Fabrication, Inc. | 6 | 144 | ||||||
Halliburton Co. | 340 | 11,795 | ||||||
Helix Energy Solutions Group, Inc. (a) | 52 | 1,073 | ||||||
Helmerich & Payne, Inc. | 36 | 2,016 | ||||||
Hornbeck Offshore Services, Inc. (a) | 10 | 343 | ||||||
ION Geophysical Corp. (a) | 46 | 299 | ||||||
Lufkin Industries, Inc. | 6 | 349 | ||||||
Matrix Service Co. (a) | 14 | 161 | ||||||
Nabors Industries, Ltd. (a) | 212 | 3,063 | ||||||
National Oilwell Varco, Inc. | 122 | 8,339 | ||||||
Noble Corp. | 104 | 3,621 | ||||||
Oceaneering International, Inc. | 22 | 1,183 | ||||||
Oil States International, Inc. (a) | 20 | 1,431 | ||||||
Patterson-UTI Energy, Inc. | 98 | 1,826 | ||||||
Pioneer Energy Services Corp. (a) | 36 | 261 | ||||||
Rowan Cos. PLC (a) | 54 | 1,689 | ||||||
Schlumberger, Ltd. | 340 | 23,559 | ||||||
SEACOR Holdings, Inc. | 12 | 1,006 | ||||||
Superior Energy Services, Inc. (a) | 54 | 1,119 | ||||||
Tetra Technologies, Inc. (a) | 42 | 319 | ||||||
Tidewater, Inc. | 22 | 983 | ||||||
Unit Corp. (a) | 32 | 1,442 | ||||||
91,390 | ||||||||
FOOD & STAPLES RETAILING — 3.8% | ||||||||
Casey’s General Stores, Inc. | 20 | 1,062 | ||||||
Costco Wholesale Corp. | 192 | 18,964 | ||||||
CVS Caremark Corp. | 608 | 29,397 | ||||||
Harris Teeter Supermarkets, Inc. | 26 | 1,003 | ||||||
Nash Finch Co. | 14 | 298 | ||||||
Safeway, Inc. | 260 | 4,703 | ||||||
Spartan Stores, Inc. | 24 | 369 | ||||||
SUPERVALU, Inc. | 232 | 573 | ||||||
Sysco Corp. | 346 | 10,954 | ||||||
The Andersons, Inc. | 18 | 772 | ||||||
The Kroger Co. | 557 | 14,493 | ||||||
United Natural Foods, Inc. (a) | 20 | 1,072 | ||||||
Wal-Mart Stores, Inc. | 1,822 | 124,315 | ||||||
Walgreen Co. | 556 | 20,577 | ||||||
Whole Foods Market, Inc. | 36 | 3,288 | ||||||
231,840 | ||||||||
FOOD PRODUCTS — 1.9% | ||||||||
Archer-Daniels-Midland Co. | 716 | 19,611 |
See accompanying notes to financial statements.
213
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
B&G Foods, Inc. | 18 | $ | 510 | |||||
Cal-Maine Foods, Inc. | 16 | 643 | ||||||
Calavo Growers, Inc. | 4 | 101 | ||||||
Campbell Soup Co. | 130 | 4,536 | ||||||
ConAgra Foods, Inc. | 218 | 6,431 | ||||||
Darling International, Inc. (a) | 38 | 610 | ||||||
Dean Foods Co. (a) | 202 | 3,335 | ||||||
Diamond Foods, Inc. | 10 | 137 | ||||||
Flowers Foods, Inc. | 50 | 1,163 | ||||||
General Mills, Inc. | 248 | 10,022 | ||||||
Green Mountain Coffee Roasters, Inc. (a) | 26 | 1,075 | ||||||
H.J. Heinz Co. | 118 | 6,806 | ||||||
Hain Celestial Group, Inc. (a) | 12 | 651 | ||||||
Hormel Foods Corp. | 98 | 3,059 | ||||||
Ingredion, Inc. | 30 | 1,933 | ||||||
J&J Snack Foods Corp. | 6 | 384 | ||||||
Kellogg Co. | 134 | 7,484 | ||||||
Lancaster Colony Corp. | 8 | 554 | ||||||
McCormick & Co., Inc. | 38 | 2,414 | ||||||
Mead Johnson Nutrition Co. | 32 | 2,108 | ||||||
Mondelez International, Inc. (Class A) | 734 | 18,695 | ||||||
Post Holdings, Inc. (a) | 10 | 342 | ||||||
Ralcorp Holdings, Inc. (a) | 20 | 1,793 | ||||||
Sanderson Farms, Inc. | 10 | 475 | ||||||
Seneca Foods Corp. (a) | 8 | 243 | ||||||
Smithfield Foods, Inc. (a) | 146 | 3,149 | ||||||
Snyders-Lance, Inc. | 20 | 482 | ||||||
The Hershey Co. | 54 | 3,900 | ||||||
The J.M. Smucker Co. | 38 | 3,277 | ||||||
Tootsie Roll Industries, Inc. | 14 | 363 | ||||||
TreeHouse Foods, Inc. (a) | 14 | 730 | ||||||
Tyson Foods, Inc. (Class A) | 316 | 6,130 | ||||||
113,146 | ||||||||
GAS UTILITIES — 0.3% | ||||||||
AGL Resources, Inc. | 52 | 2,078 | ||||||
Atmos Energy Corp. | 66 | 2,318 | ||||||
National Fuel Gas Co. | 36 | 1,825 | ||||||
New Jersey Resources Corp. | 22 | 872 | ||||||
Northwest Natural Gas Co. | 14 | 619 | ||||||
ONEOK, Inc. | 98 | 4,189 | ||||||
Piedmont Natural Gas Co., Inc. | 34 | 1,064 | ||||||
Questar Corp. | 104 | 2,055 | ||||||
South Jersey Industries, Inc. | 12 | 604 | ||||||
Southwest Gas Corp. | 24 | 1,018 | ||||||
The Laclede Group, Inc. | 16 | 618 | ||||||
UGI Corp. | 82 | 2,682 | ||||||
WGL Holdings, Inc. | 30 | 1,176 | ||||||
21,118 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.4% | ||||||||
Abaxis, Inc. (a) | 4 | 148 | ||||||
Align Technology, Inc. (a) | 16 | 444 | ||||||
Analogic Corp. | 4 | 297 | ||||||
Baxter International, Inc. | 170 | 11,332 | ||||||
Becton, Dickinson and Co. | 76 | 5,942 | ||||||
Boston Scientific Corp. (a) | 836 | 4,790 | ||||||
C.R. Bard, Inc. | 20 | 1,955 | ||||||
Cantel Medical Corp. | 6 | 178 | ||||||
CareFusion Corp. (a) | 98 | 2,801 | ||||||
CONMED Corp. | 12 | 335 | ||||||
Covidien PLC | 148 | 8,546 | ||||||
CryoLife, Inc. | 12 | 75 | ||||||
Cyberonics, Inc. (a) | 6 | 315 | ||||||
DENTSPLY International, Inc. | 36 | 1,426 | ||||||
Edwards Lifesciences Corp. (a) | 24 | 2,164 | ||||||
Greatbatch, Inc. (a) | 12 | 279 | ||||||
Haemonetics Corp. (a) | 16 | 653 | ||||||
Hill-Rom Holdings, Inc. | 22 | 627 | ||||||
Hologic, Inc. (a) | 76 | 1,522 | ||||||
ICU Medical, Inc. (a) | 4 | 244 | ||||||
IDEXX Laboratories, Inc. (a) | 12 | 1,114 | ||||||
Integra LifeSciences Holdings Corp. (a) | 10 | 390 | ||||||
Intuitive Surgical, Inc. (a) | 6 | 2,942 | ||||||
Invacare Corp. | 32 | 522 | ||||||
Masimo Corp. (a) | 8 | 168 | ||||||
Medtronic, Inc. | 390 | 15,998 | ||||||
Meridian Bioscience, Inc. | 12 | 243 | ||||||
Merit Medical Systems, Inc. (a) | 14 | 195 | ||||||
Natus Medical, Inc. (a) | 10 | 112 | ||||||
Neogen Corp. (a) | 4 | 181 | ||||||
NuVasive, Inc. (a) | 16 | 247 | ||||||
Palomar Medical Technologies, Inc. (a) | 6 | 55 | ||||||
ResMed, Inc. | 40 | 1,663 | ||||||
St. Jude Medical, Inc. | 80 | 2,891 | ||||||
STERIS Corp. | 22 | 764 | ||||||
Stryker Corp. | 96 | 5,263 | ||||||
SurModics, Inc. (a) | 4 | 89 | ||||||
Symmetry Medical, Inc. (a) | 24 | 253 | ||||||
Teleflex, Inc. | 18 | 1,284 | ||||||
The Cooper Cos., Inc. | 10 | 925 | ||||||
Thoratec Corp. (a) | 14 | 525 | ||||||
Varian Medical Systems, Inc. (a) | 28 | 1,967 | ||||||
West Pharmaceutical Services, Inc. | 12 | 657 | ||||||
Zimmer Holdings, Inc. | 66 | 4,400 | ||||||
86,921 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.0% | ||||||||
Aetna, Inc. | 196 | 9,075 | ||||||
Air Methods Corp. (a) | 12 | 443 | ||||||
Almost Family, Inc. (a) | 6 | 122 | ||||||
Amedisys, Inc. (a) | 34 | 383 | ||||||
AmerisourceBergen Corp. | 255 | 11,011 | ||||||
AMN Healthcare Services, Inc. (a) | 30 | 346 | ||||||
AmSurg Corp. (a) | 18 | 540 | ||||||
Bio-Reference Laboratories, Inc. (a) | 8 | 230 | ||||||
Cardinal Health, Inc. | 372 | 15,319 | ||||||
Centene Corp. (a) | 24 | 984 | ||||||
Chemed Corp. | 8 | 549 | ||||||
Cigna Corp. | 138 | 7,377 | ||||||
Community Health Systems, Inc. (a) | 98 | 3,012 | ||||||
Corvel Corp. (a) | 4 | 179 | ||||||
Coventry Health Care, Inc. | 98 | 4,393 | ||||||
Cross Country Healthcare, Inc. (a) | 34 | 163 | ||||||
DaVita, Inc. (a) | 30 | 3,316 | ||||||
Express Scripts Holding Co. (a) | 310 | 16,740 | ||||||
Gentiva Health Services, Inc. (a) | 30 | 301 | ||||||
Hanger, Inc. (a) | 16 | 438 | ||||||
Health Management Associates, Inc. (Class A) (a) | 278 | 2,591 |
See accompanying notes to financial statements.
214
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Health Net, Inc. (a) | 60 | $ | 1,458 | |||||
Healthways, Inc. (a) | 36 | 385 | ||||||
Henry Schein, Inc. (a) | 36 | 2,897 | ||||||
HMS Holdings Corp. (a) | 14 | 363 | ||||||
Humana, Inc. | 96 | 6,588 | ||||||
IPC The Hospitalist Co. (a) | 6 | 238 | ||||||
Kindred Healthcare, Inc. (a) | 58 | 628 | ||||||
Laboratory Corp. of America Holdings (a) | 34 | 2,945 | ||||||
Landauer, Inc. | 4 | 245 | ||||||
LHC Group, Inc. (a) | 12 | 256 | ||||||
LifePoint Hospitals, Inc. (a) | 36 | 1,359 | ||||||
Magellan Health Services, Inc. (a) | 20 | 980 | ||||||
McKesson Corp. | 256 | 24,822 | ||||||
MEDNAX, Inc. (a) | 16 | 1,272 | ||||||
Molina Healthcare, Inc. (a) | 32 | 866 | ||||||
MWI Veterinary Supply, Inc. (a) | 4 | 440 | ||||||
Omnicare, Inc. | 54 | 1,949 | ||||||
Owens & Minor, Inc. | 46 | 1,311 | ||||||
Patterson Cos., Inc. | 38 | 1,301 | ||||||
PharMerica Corp. (a) | 32 | 456 | ||||||
PSS World Medical, Inc. (a) | 22 | 635 | ||||||
Quest Diagnostics, Inc. | 56 | 3,263 | ||||||
Tenet Healthcare Corp. (a) | 114 | 3,702 | ||||||
The Ensign Group, Inc. | 10 | 272 | ||||||
UnitedHealth Group, Inc. | 494 | 26,795 | ||||||
Universal Health Services, Inc. (Class B) | 42 | 2,031 | ||||||
VCA Antech, Inc. (a) | 34 | 716 | ||||||
WellCare Health Plans, Inc. (a) | 20 | 974 | ||||||
WellPoint, Inc. | 220 | 13,402 | ||||||
180,061 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 44 | 414 | ||||||
Cerner Corp. (a) | 30 | 2,329 | ||||||
Computer Programs and Systems, Inc. | 2 | 101 | ||||||
Medidata Solutions, Inc. (a) | 4 | 157 | ||||||
Omnicell, Inc. (a) | 10 | 149 | ||||||
3,150 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.4% | ||||||||
Bally Technologies, Inc. (a) | 12 | 537 | ||||||
BJ’s Restaurants, Inc. (a) | 6 | 197 | ||||||
Bob Evans Farms, Inc. | 16 | 643 | ||||||
Boyd Gaming Corp. (a) | 62 | 412 | ||||||
Brinker International, Inc. | 36 | 1,116 | ||||||
Buffalo Wild Wings, Inc. (a) | 4 | 291 | ||||||
Carnival Corp. | 486 | 17,870 | ||||||
CEC Entertainment, Inc. | 8 | 266 | ||||||
Chipotle Mexican Grill, Inc. (a) | 4 | 1,190 | ||||||
Cracker Barrel Old Country Store, Inc. | 12 | 771 | ||||||
Darden Restaurants, Inc. | 62 | 2,794 | ||||||
DineEquity, Inc. (a) | 6 | 402 | ||||||
International Game Technology | 88 | 1,247 | ||||||
International Speedway Corp. (Class A) | 18 | 497 | ||||||
Interval Leisure Group, Inc. | 16 | 310 | ||||||
Jack in the Box, Inc. (a) | 26 | 744 | ||||||
Life Time Fitness, Inc. (a) | 14 | 689 | ||||||
Marcus Corp. | 22 | 274 | ||||||
Marriott International, Inc. (Class A) | 78 | 2,907 | ||||||
Marriott Vacations Worldwide Corp. (a) | 20 | 833 | ||||||
McDonald’s Corp. | 288 | 25,405 | ||||||
Monarch Casino & Resort, Inc. (a) | 6 | 65 | ||||||
Multimedia Games Holding Co., Inc. (a) | 12 | 177 | ||||||
Panera Bread Co. (Class A) (a) | 6 | 953 | ||||||
Papa John’s International, Inc. (a) | 10 | 549 | ||||||
Pinnacle Entertainment, Inc. (a) | 34 | 538 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 10 | 353 | ||||||
Ruby Tuesday, Inc. (a) | 40 | 314 | ||||||
Ruth’s Hospitality Group, Inc. (a) | 16 | 116 | ||||||
Scientific Games Corp. (Class A) (a) | 34 | 295 | ||||||
SHFL Entertainment, Inc. (a) | 12 | 174 | ||||||
Sonic Corp. (a) | 26 | 271 | ||||||
Starbucks Corp. | 116 | 6,220 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 44 | 2,524 | ||||||
Texas Roadhouse, Inc. (Class A) | 24 | 403 | ||||||
The Cheesecake Factory, Inc. | 20 | 654 | ||||||
The Wendy’s Co. | 182 | 855 | ||||||
WMS Industries, Inc. (a) | 24 | 420 | ||||||
Wyndham Worldwide Corp. | 46 | 2,448 | ||||||
Wynn Resorts, Ltd. | 46 | 5,175 | ||||||
Yum! Brands, Inc. | 94 | 6,242 | ||||||
88,141 | ||||||||
HOUSEHOLD DURABLES — 0.5% | ||||||||
American Greetings Corp. (Class A) | 34 | 574 | ||||||
Blyth, Inc. | 8 | 124 | ||||||
D.R. Horton, Inc. | 110 | 2,176 | ||||||
Ethan Allen Interiors, Inc. | 10 | 257 | ||||||
Harman International Industries, Inc. | 24 | 1,071 | ||||||
Helen of Troy, Ltd. (a) | 16 | 534 | ||||||
iRobot Corp. (a) | 8 | 150 | ||||||
KB Home | 84 | 1,327 | ||||||
La-Z-Boy, Inc. | 22 | 311 | ||||||
Leggett & Platt, Inc. | 82 | 2,232 | ||||||
Lennar Corp. (Class A) | 50 | 1,934 | ||||||
M.D.C. Holdings, Inc. | 22 | 809 | ||||||
M/I Homes, Inc. (a) | 12 | 318 | ||||||
Meritage Homes Corp. (a) | 12 | 448 | ||||||
Mohawk Industries, Inc. (a) | 34 | 3,076 | ||||||
Newell Rubbermaid, Inc. | 120 | 2,672 | ||||||
NVR, Inc. (a) | 2 | 1,840 | ||||||
Pulte Group, Inc. (a) | 150 | 2,724 | ||||||
Standard Pacific Corp. (a) | 80 | 588 | ||||||
The Ryland Group, Inc. | 18 | 657 | ||||||
Toll Brothers, Inc. (a) | 50 | 1,617 | ||||||
Tupperware Brands Corp. | 18 | 1,154 | ||||||
Universal Electronics, Inc. (a) | 8 | 155 | ||||||
Whirlpool Corp. | 56 | 5,698 | ||||||
32,446 | ||||||||
HOUSEHOLD PRODUCTS — 1.7% | ||||||||
Central Garden & Pet Co. (Class A) (a) | 44 | 460 | ||||||
Church & Dwight Co., Inc. | 32 | 1,714 | ||||||
Colgate-Palmolive Co. | 92 | 9,618 | ||||||
Energizer Holdings, Inc. | 28 | 2,239 | ||||||
Kimberly-Clark Corp. | 164 | 13,847 | ||||||
The Clorox Co. | 46 | 3,368 | ||||||
The Procter & Gamble Co. | 1,047 | 71,081 |
See accompanying notes to financial statements.
215
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
WD-40 Co. | 4 | $ | 188 | |||||
102,515 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
NRG Energy, Inc. | 349 | 8,024 | ||||||
The AES Corp. | 452 | 4,836 | ||||||
12,860 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.0% | ||||||||
3M Co. | 222 | 20,613 | ||||||
Carlisle Cos., Inc. | 24 | 1,410 | ||||||
Danaher Corp. | 158 | 8,832 | ||||||
General Electric Co. | 4,354 | 91,391 | ||||||
Standex International Corp. | 4 | 205 | ||||||
122,451 | ||||||||
INSURANCE — 6.4% | ||||||||
ACE, Ltd. | 182 | 14,524 | ||||||
Aflac, Inc. | 340 | 18,061 | ||||||
Alleghany Corp. (a) | 6 | 2,012 | ||||||
American Financial Group, Inc. | 86 | 3,399 | ||||||
American International Group, Inc. (a) | 1,590 | 56,127 | ||||||
AMERISAFE, Inc. (a) | 8 | 218 | ||||||
Aon PLC | 100 | 5,560 | ||||||
Arthur J. Gallagher & Co. | 42 | 1,455 | ||||||
Aspen Insurance Holdings, Ltd. | 78 | 2,502 | ||||||
Assurant, Inc. | 88 | 3,054 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | 1,077 | 96,607 | ||||||
Brown & Brown, Inc. | 44 | 1,120 | ||||||
Cincinnati Financial Corp. | 86 | 3,368 | ||||||
eHealth, Inc. (a) | 6 | 165 | ||||||
Employers Holdings, Inc. | 16 | 329 | ||||||
Everest Re Group, Ltd. | 38 | 4,178 | ||||||
Fidelity National Financial, Inc. (Class A) | 124 | 2,920 | ||||||
First American Financial Corp. | 70 | 1,686 | ||||||
Genworth Financial, Inc. (Class A) (a) | 534 | 4,010 | ||||||
Hartford Financial Services Group, Inc. | 474 | 10,636 | ||||||
HCC Insurance Holdings, Inc. | 60 | 2,233 | ||||||
Horace Mann Educators Corp. | 28 | 559 | ||||||
Infinity Property & Casualty Corp. | 8 | 466 | ||||||
Kemper Corp. | 40 | 1,180 | ||||||
Lincoln National Corp. | 202 | 5,232 | ||||||
Loews Corp. | 228 | 9,291 | ||||||
Marsh & McLennan Cos., Inc. | 190 | 6,549 | ||||||
Meadowbrook Insurance Group, Inc. | 50 | 289 | ||||||
Mercury General Corp. | 40 | 1,588 | ||||||
MetLife, Inc. | 772 | 25,430 | ||||||
National Financial Partners Corp. (a) | 22 | 377 | ||||||
Old Republic International Corp. | 176 | 1,874 | ||||||
Principal Financial Group, Inc. | 202 | 5,761 | ||||||
ProAssurance Corp. | 20 | 844 | ||||||
Protective Life Corp. | 88 | 2,515 | ||||||
Prudential Financial, Inc. | 338 | 18,025 | ||||||
Reinsurance Group of America, Inc. | 80 | 4,282 | ||||||
RLI Corp. | 8 | 517 | ||||||
Safety Insurance Group, Inc. | 10 | 462 | ||||||
Selective Insurance Group, Inc. | 40 | 771 | ||||||
StanCorp Financial Group, Inc. | 32 | 1,173 | ||||||
Stewart Information Services Corp. | 20 | 520 | ||||||
The Allstate Corp. | 528 | 21,210 | ||||||
The Chubb Corp. | 144 | 10,846 | ||||||
The Hanover Insurance Group, Inc. | 32 | 1,240 | ||||||
The Navigators Group, Inc. (a) | 12 | 613 | ||||||
The Progressive Corp. | 248 | 5,233 | ||||||
The Travelers Cos., Inc. | 228 | 16,375 | ||||||
Torchmark Corp. | 52 | 2,687 | ||||||
Tower Group, Inc. | 26 | 462 | ||||||
United Fire Group, Inc. | 24 | 524 | ||||||
Unum Group | 204 | 4,247 | ||||||
W.R. Berkley Corp. | 72 | 2,717 | ||||||
XL Group PLC | 164 | 4,110 | ||||||
392,133 | ||||||||
INTERNET & CATALOG RETAIL — 0.5% | ||||||||
Amazon.com, Inc. (a) | 74 | 18,584 | ||||||
Blue Nile, Inc. (a) | 4 | 154 | ||||||
Expedia, Inc. | 68 | 4,179 | ||||||
HSN, Inc. | 18 | 991 | ||||||
Netflix, Inc. (a) | 12 | 1,113 | ||||||
NutriSystem, Inc. | 20 | 164 | ||||||
PetMed Express, Inc. | 10 | 111 | ||||||
Priceline.com, Inc. (a) | 8 | 4,970 | ||||||
TripAdvisor, Inc. (a) | 32 | 1,343 | ||||||
31,609 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.5% | ||||||||
Akamai Technologies, Inc. (a) | 46 | 1,882 | ||||||
AOL, Inc. (a) | 58 | 1,717 | ||||||
Blucora, Inc. (a) | 14 | 220 | ||||||
comScore, Inc. (a) | 6 | 83 | ||||||
DealerTrack Holdings, Inc. (a) | 10 | 287 | ||||||
Digital River, Inc. (a) | 18 | 259 | ||||||
eBay, Inc. (a) | 358 | 18,265 | ||||||
Equinix, Inc. (a) | 10 | 2,062 | ||||||
Google, Inc. (Class A) (a) | 75 | 53,203 | ||||||
j2 Global, Inc. | 12 | 367 | ||||||
Liquidity Services, Inc. (a) | 4 | 163 | ||||||
LivePerson, Inc. (a) | 8 | 105 | ||||||
LogMeIn, Inc. (a) | 4 | 90 | ||||||
Monster Worldwide, Inc. (a) | 56 | 315 | ||||||
Perficient, Inc. (a) | 10 | 118 | ||||||
Rackspace Hosting, Inc. (a) | 16 | 1,188 | ||||||
Stamps.com, Inc. (a) | 4 | 101 | ||||||
United Online, Inc. | 98 | 548 | ||||||
ValueClick, Inc. (a) | 22 | 427 | ||||||
VeriSign, Inc. (a) | 36 | 1,398 | ||||||
XO Group, Inc. (a) | 8 | 74 | ||||||
Yahoo!, Inc. (a) | 398 | 7,920 | ||||||
90,792 | ||||||||
IT SERVICES — 2.5% | ||||||||
Accenture PLC (Class A) | 170 | 11,305 | ||||||
Acxiom Corp. (a) | 30 | 524 | ||||||
Alliance Data Systems Corp. (a) | 14 | 2,027 | ||||||
Automatic Data Processing, Inc. | 150 | 8,551 | ||||||
Broadridge Financial Solutions, Inc. | 48 | 1,098 | ||||||
CACI International, Inc. (Class A) (a) | 14 | 770 | ||||||
Cardtronics, Inc. (a) | 12 | 285 | ||||||
CIBER, Inc. (a) | 72 | 240 |
See accompanying notes to financial statements.
216
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 62 | $ | 4,591 | |||||
Computer Sciences Corp. | 170 | 6,809 | ||||||
Convergys Corp. | 74 | 1,214 | ||||||
CoreLogic, Inc. (a) | 56 | 1,508 | ||||||
CSG Systems International, Inc. (a) | 20 | 364 | ||||||
DST Systems, Inc. | 20 | 1,212 | ||||||
Fidelity National Information Services, Inc. | 110 | 3,829 | ||||||
Fiserv, Inc. (a) | 44 | 3,477 | ||||||
Forrester Research, Inc. | 4 | 107 | ||||||
Gartner, Inc. (a) | 20 | 920 | ||||||
Global Payments, Inc. | 22 | 997 | ||||||
Heartland Payment Systems, Inc. | 12 | 354 | ||||||
Higher One Holdings, Inc. (a) | 8 | 84 | ||||||
iGate Corp. (a) | 14 | 221 | ||||||
International Business Machines Corp. | 274 | 52,485 | ||||||
Jack Henry & Associates, Inc. | 22 | 864 | ||||||
Lender Processing Services, Inc. | 40 | 985 | ||||||
ManTech International Corp. (Class A) | 26 | 674 | ||||||
Mastercard, Inc. (Class A) | 16 | 7,860 | ||||||
MAXIMUS, Inc. | 10 | 632 | ||||||
NCI, Inc. (Class A) (a) | 10 | 47 | ||||||
NeuStar, Inc. (Class A) (a) | 18 | 755 | ||||||
Paychex, Inc. | 118 | 3,675 | ||||||
SAIC, Inc. | 308 | 3,487 | ||||||
TeleTech Holdings, Inc. (a) | 24 | 427 | ||||||
Teradata Corp. (a) | 34 | 2,104 | ||||||
The Western Union Co. | 198 | 2,695 | ||||||
Total System Services, Inc. | 56 | 1,200 | ||||||
VeriFone Systems, Inc. (a) | 16 | 475 | ||||||
Virtusa Corp. (a) | 8 | 131 | ||||||
Visa, Inc. (Class A) | 134 | 20,312 | ||||||
WEX, Inc. (a) | 8 | 603 | ||||||
149,898 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Arctic Cat, Inc. (a) | 4 | 134 | ||||||
Brunswick Corp. | 24 | 698 | ||||||
Callaway Golf Co. | 46 | 299 | ||||||
Hasbro, Inc. | 56 | 2,010 | ||||||
JAKKS Pacific, Inc. | 12 | 150 | ||||||
Mattel, Inc. | 120 | 4,395 | ||||||
Polaris Industries, Inc. | 14 | 1,178 | ||||||
Sturm Ruger & Co, Inc. | 2 | 91 | ||||||
8,955 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.4% | ||||||||
Affymetrix, Inc. (a) | 34 | 108 | ||||||
Agilent Technologies, Inc. | 100 | 4,094 | ||||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 10 | 1,050 | ||||||
Cambrex Corp. (a) | 12 | 137 | ||||||
Charles River Laboratories International, Inc. (a) | 20 | 749 | ||||||
Covance, Inc. (a) | 22 | 1,271 | ||||||
Enzo Biochem, Inc. (a) | 14 | 38 | ||||||
Life Technologies Corp. (a) | 58 | 2,847 | ||||||
PAREXEL International Corp. (a) | 20 | 592 | ||||||
PerkinElmer, Inc. | 38 | 1,206 | ||||||
Techne Corp. | 8 | 547 | ||||||
Thermo Fisher Scientific, Inc. | 152 | 9,694 | ||||||
Waters Corp. (a) | 20 | 1,742 | ||||||
24,075 | ||||||||
MACHINERY — 1.9% | ||||||||
Actuant Corp. (Class A) | 20 | 558 | ||||||
AGCO Corp. (a) | 58 | 2,849 | ||||||
Albany International Corp. (Class A) | 16 | 363 | ||||||
Astec Industries, Inc. (a) | 10 | 333 | ||||||
Barnes Group, Inc. | 20 | 449 | ||||||
Briggs & Stratton Corp. | 34 | 717 | ||||||
Cascade Corp. | 4 | 257 | ||||||
Caterpillar, Inc. | 216 | 19,349 | ||||||
CIRCOR International, Inc. | 6 | 238 | ||||||
CLARCOR, Inc. | 12 | 573 | ||||||
Crane Co. | 18 | 833 | ||||||
Cummins, Inc. | 48 | 5,201 | ||||||
Deere & Co. | 136 | 11,753 | ||||||
Donaldson Co., Inc. | 28 | 920 | ||||||
Dover Corp. | 68 | 4,468 | ||||||
EnPro Industries, Inc. (a) | 10 | 409 | ||||||
ESCO Technologies, Inc. | 8 | 299 | ||||||
Federal Signal Corp. (a) | 36 | 274 | ||||||
Flowserve Corp. | 16 | 2,349 | ||||||
Gardner Denver, Inc. | 16 | 1,096 | ||||||
Graco, Inc. | 12 | 618 | ||||||
Harsco Corp. | 58 | 1,363 | ||||||
IDEX Corp. | 26 | 1,210 | ||||||
Illinois Tool Works, Inc. | 158 | 9,608 | ||||||
Ingersoll-Rand PLC | 126 | 6,043 | ||||||
ITT Corp. | 100 | 2,346 | ||||||
John Bean Technologies Corp. | 14 | 249 | ||||||
Joy Global, Inc. | 28 | 1,786 | ||||||
Kaydon Corp. | 16 | 383 | ||||||
Kennametal, Inc. | 26 | 1,040 | ||||||
Lincoln Electric Holdings, Inc. | 24 | 1,168 | ||||||
Lindsay Corp. | 2 | 160 | ||||||
Lydall, Inc. (a) | 10 | 143 | ||||||
Mueller Industries, Inc. | 10 | 500 | ||||||
Nordson Corp. | 12 | 757 | ||||||
Oshkosh Corp. (a) | 100 | 2,965 | ||||||
PACCAR, Inc. | 124 | 5,606 | ||||||
Pall Corp. | 26 | 1,567 | ||||||
Parker Hannifin Corp. | 62 | 5,274 | ||||||
Pentair, Ltd. | 64 | 3,146 | ||||||
Robbins & Myers, Inc. | 8 | 476 | ||||||
Snap-On, Inc. | 22 | 1,738 | ||||||
SPX Corp. | 20 | 1,403 | ||||||
Stanley Black & Decker, Inc. | 52 | 3,846 | ||||||
Tennant Co. | 6 | 264 | ||||||
Terex Corp. (a) | 66 | 1,855 | ||||||
The Toro Co. | 18 | 774 | ||||||
Timken Co. | 36 | 1,722 | ||||||
Trinity Industries, Inc. | 34 | 1,218 | ||||||
Valmont Industries, Inc. | 8 | 1,092 | ||||||
Wabtec Corp. | 10 | 875 | ||||||
Watts Water Technologies, Inc. (Class A) | 14 | 602 | ||||||
Woodward, Inc. | 16 | 610 | ||||||
Xylem, Inc. | 38 | 1,030 | ||||||
116,725 | ||||||||
See accompanying notes to financial statements.
217
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
MARINE — 0.0% (c) | ||||||||
Kirby Corp. (a) | 18 | $ | 1,114 | |||||
Matson, Inc. | 16 | 396 | ||||||
1,510 | ||||||||
MEDIA — 3.1% | ||||||||
AMC Networks, Inc. (Class A) (a) | 12 | 594 | ||||||
Arbitron, Inc. | 6 | 280 | ||||||
Cablevision Systems Corp. (Class A) | 234 | 3,496 | ||||||
CBS Corp. | 196 | 7,458 | ||||||
Comcast Corp. (Class A) | 1,062 | 39,697 | ||||||
Digital Generation, Inc. (a) | 18 | 195 | ||||||
DIRECTV (Class A) (a) | 230 | 11,537 | ||||||
Discovery Communications, Inc. (Series A) (a) | 82 | 5,205 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a) | 38 | 630 | ||||||
Gannett Co., Inc. | 168 | 3,026 | ||||||
Harte-Hanks, Inc. | 48 | 283 | ||||||
John Wiley & Sons, Inc. (Class A) | 20 | 779 | ||||||
Lamar Advertising Co. (Class A) (a) | 20 | 775 | ||||||
Live Nation Entertainment, Inc. (a) | 102 | 950 | ||||||
Meredith Corp. | 24 | 827 | ||||||
News Corp. (Class A) | 808 | 20,636 | ||||||
Omnicom Group, Inc. | 110 | 5,495 | ||||||
Scholastic Corp. | 20 | 591 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 30 | 1,737 | ||||||
The E.W. Scripps Co. (Class A) (a) | 30 | 324 | ||||||
The Interpublic Group of Cos., Inc. | 194 | 2,138 | ||||||
The McGraw-Hill Cos., Inc. | 92 | 5,030 | ||||||
The New York Times Co. (Class A) (a) | 88 | 751 | ||||||
The Walt Disney Co. | 592 | 29,476 | ||||||
The Washington Post Co. (Class B) | 4 | 1,461 | ||||||
Time Warner Cable, Inc. | 136 | 13,218 | ||||||
Time Warner, Inc. | 512 | 24,489 | ||||||
Valassis Communications, Inc. | 28 | 722 | ||||||
Viacom, Inc. (Class B) | 146 | 7,700 | ||||||
189,500 | ||||||||
METALS & MINING — 0.9% | ||||||||
A.M. Castle & Co. (a) | 18 | 266 | ||||||
AK Steel Holding Corp. | 120 | 552 | ||||||
Alcoa, Inc. | 776 | 6,736 | ||||||
Allegheny Technologies, Inc. | 42 | 1,275 | ||||||
AMCOL International Corp. | 12 | 368 | ||||||
Carpenter Technology Corp. | 14 | 723 | ||||||
Century Aluminum Co. (a) | 56 | 491 | ||||||
Cliffs Natural Resources, Inc. | 64 | 2,468 | ||||||
Commercial Metals Co. | 126 | 1,872 | ||||||
Compass Minerals International, Inc. | 10 | 747 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 420 | 14,364 | ||||||
Haynes International, Inc. | 4 | 207 | ||||||
Kaiser Aluminum Corp. | 12 | 740 | ||||||
Materion Corp. | 12 | 309 | ||||||
Newmont Mining Corp. | 174 | 8,081 | ||||||
Nucor Corp. | 172 | 7,427 | ||||||
Olympic Steel, Inc. | 10 | 221 | ||||||
Reliance Steel & Aluminum Co. | 40 | 2,484 | ||||||
RTI International Metals, Inc. (a) | 14 | 386 | ||||||
Steel Dynamics, Inc. | 142 | 1,950 | ||||||
SunCoke Energy, Inc. (a) | 32 | 499 | ||||||
Titanium Metals Corp. | 44 | 726 | ||||||
United States Steel Corp. | 156 | 3,724 | ||||||
Worthington Industries, Inc. | 38 | 988 | ||||||
57,604 | ||||||||
MULTI-UTILITIES — 1.6% | ||||||||
Alliant Energy Corp. | 60 | 2,635 | ||||||
Ameren Corp. | 176 | 5,407 | ||||||
Avista Corp. | 38 | 916 | ||||||
Black Hills Corp. | 26 | 945 | ||||||
CenterPoint Energy, Inc. | 252 | 4,851 | ||||||
CH Energy Group, Inc. | 8 | 522 | ||||||
CMS Energy Corp. | 142 | 3,462 | ||||||
Consolidated Edison, Inc. | 158 | 8,775 | ||||||
Dominion Resources, Inc. | 254 | 13,157 | ||||||
DTE Energy Co. | 112 | 6,725 | ||||||
Integrys Energy Group, Inc. | 56 | 2,924 | ||||||
MDU Resources Group, Inc. | 90 | 1,912 | ||||||
NiSource, Inc. | 154 | 3,833 | ||||||
NorthWestern Corp. | 22 | 764 | ||||||
PG&E Corp. | 252 | 10,125 | ||||||
Public Service Enterprise Group, Inc. | 328 | 10,037 | ||||||
SCANA Corp. | 86 | 3,925 | ||||||
Sempra Energy | 122 | 8,655 | ||||||
TECO Energy, Inc. | 132 | 2,212 | ||||||
Vectren Corp. | 54 | 1,588 | ||||||
Wisconsin Energy Corp. | 96 | 3,538 | ||||||
96,908 | ||||||||
MULTILINE RETAIL — 0.7% | ||||||||
Big Lots, Inc. (a) | 32 | 911 | ||||||
Dollar Tree, Inc. (a) | 60 | 2,434 | ||||||
Family Dollar Stores, Inc. | 32 | 2,029 | ||||||
Fred’s, Inc. (Class A) | 24 | 319 | ||||||
J.C. Penney Co., Inc. | 154 | 3,035 | ||||||
Kohl’s Corp. | 116 | 4,986 | ||||||
Macy’s, Inc. | 166 | 6,477 | ||||||
Nordstrom, Inc. | 68 | 3,638 | ||||||
Saks, Inc. (a) | 40 | 420 | ||||||
Target Corp. | 354 | 20,946 | ||||||
Tuesday Morning Corp. (a) | 46 | 288 | ||||||
45,483 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. | 950 | 6,479 | ||||||
Zebra Technologies Corp. (Class A) (a) | 16 | 628 | ||||||
7,107 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 9.8% | ||||||||
Alpha Natural Resources, Inc. (a) | 144 | 1,403 | ||||||
Anadarko Petroleum Corp. | 128 | 9,512 | ||||||
Apache Corp. | 174 | 13,659 | ||||||
Approach Resources, Inc. (a) | 8 | 200 | ||||||
Arch Coal, Inc. | 154 | 1,127 | ||||||
Bill Barrett Corp. (a) | 36 | 640 | ||||||
Cabot Oil & Gas Corp. | 32 | 1,592 | ||||||
Chesapeake Energy Corp. | 306 | 5,086 | ||||||
Chevron Corp. | 1,152 | 124,577 | ||||||
Cimarex Energy Co. | 30 | 1,732 | ||||||
Cloud Peak Energy, Inc. (a) | 44 | 851 |
See accompanying notes to financial statements.
218
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Comstock Resources, Inc. (a) | 32 | $ | 484 | |||||
ConocoPhillips | 882 | 51,147 | ||||||
CONSOL Energy, Inc. | 90 | 2,889 | ||||||
Contango Oil & Gas Co. (a) | 6 | 254 | ||||||
Denbury Resources, Inc. (a) | 156 | 2,527 | ||||||
Devon Energy Corp. | 202 | 10,512 | ||||||
Energen Corp. | 32 | 1,443 | ||||||
EOG Resources, Inc. | 70 | 8,455 | ||||||
EQT Corp. | 50 | 2,949 | ||||||
Exxon Mobil Corp. | 2,198 | 190,237 | ||||||
Forest Oil Corp. (a) | 86 | 575 | ||||||
Gulfport Energy Corp. (a) | 14 | 535 | ||||||
Hess Corp. | 216 | 11,439 | ||||||
Hollyfrontier Corp. | 110 | 5,120 | ||||||
Marathon Oil Corp. | 768 | 23,547 | ||||||
Marathon Petroleum Corp. | 368 | 23,184 | ||||||
Murphy Oil Corp. | 134 | 7,980 | ||||||
Newfield Exploration Co. (a) | 88 | 2,357 | ||||||
Noble Energy, Inc. | 48 | 4,883 | ||||||
Northern Oil and Gas, Inc. (a) | 12 | 202 | ||||||
Occidental Petroleum Corp. | 308 | 23,596 | ||||||
PDC Energy, Inc. (a) | 14 | 465 | ||||||
Peabody Energy Corp. | 144 | 3,832 | ||||||
Penn Virginia Corp. | 58 | 256 | ||||||
PetroQuest Energy, Inc. (a) | 30 | 148 | ||||||
Pioneer Natural Resources Co. | 26 | 2,771 | ||||||
Plains Exploration & Production Co. (a) | 52 | 2,441 | ||||||
QEP Resources, Inc. | 74 | 2,240 | ||||||
Quicksilver Resources, Inc. (a) | 130 | 372 | ||||||
Range Resources Corp. | 24 | 1,508 | ||||||
SM Energy Co. | 14 | 731 | ||||||
Southwestern Energy Co. (a) | 122 | 4,076 | ||||||
Spectra Energy Corp. | 250 | 6,845 | ||||||
Stone Energy Corp. (a) | 30 | 616 | ||||||
Swift Energy Co. (a) | 24 | 369 | ||||||
Tesoro Corp. | 152 | 6,696 | ||||||
The Williams Cos., Inc. | 218 | 7,137 | ||||||
Valero Energy Corp. | 600 | 20,472 | ||||||
World Fuel Services Corp. | 78 | 3,211 | ||||||
WPX Energy, Inc. (a) | 70 | 1,042 | ||||||
599,922 | ||||||||
PAPER & FOREST PRODUCTS — 0.4% | ||||||||
Buckeye Technologies, Inc. | 14 | 402 | ||||||
Clearwater Paper Corp. (a) | 16 | 627 | ||||||
Deltic Timber Corp. | 2 | 141 | ||||||
Domtar Corp. | 26 | 2,172 | ||||||
International Paper Co. | 236 | 9,402 | ||||||
KapStone Paper and Packaging Corp. (a) | 22 | 488 | ||||||
Louisiana-Pacific Corp. (a) | 42 | 811 | ||||||
MeadWestvaco Corp. | 84 | 2,677 | ||||||
Neenah Paper, Inc. | 8 | 228 | ||||||
Schweitzer-Mauduit International, Inc. | 10 | 390 | ||||||
Wausau Paper Corp. | 24 | 208 | ||||||
Weyerhaeuser Co. | 166 | 4,618 | ||||||
22,164 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. | 232 | 3,332 | ||||||
Inter Parfums, Inc. | 12 | 234 | ||||||
Medifast, Inc. (a) | 6 | 158 | ||||||
Prestige Brands Holdings, Inc. (a) | 16 | 320 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 64 | 3,831 | ||||||
7,875 | ||||||||
PHARMACEUTICALS — 4.8% | ||||||||
Abbott Laboratories | 548 | 35,894 | ||||||
Akorn, Inc. (a) | 10 | 134 | ||||||
Allergan, Inc. | 48 | 4,403 | ||||||
Bristol-Myers Squibb Co. | 694 | 22,617 | ||||||
Eli Lilly & Co. | 602 | 29,691 | ||||||
Endo Pharmaceuticals Holdings, Inc. (a) | 38 | 998 | ||||||
Forest Laboratories, Inc. (a) | 112 | 3,956 | ||||||
Hi-Tech Pharmacal Co., Inc. (a) | 4 | 140 | ||||||
Hospira, Inc. (a) | 60 | 1,874 | ||||||
Johnson & Johnson | 1,091 | 76,479 | ||||||
Merck & Co., Inc. | 1,001 | 40,981 | ||||||
Mylan, Inc. (a) | 126 | 3,463 | ||||||
Perrigo Co. | 14 | 1,456 | ||||||
Pfizer, Inc. | 2,731 | 68,494 | ||||||
Questcor Pharmaceuticals, Inc. | 10 | 267 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 8 | 324 | ||||||
The Medicines Co. (a) | 18 | 431 | ||||||
ViroPharma, Inc. (a) | 22 | 501 | ||||||
Watson Pharmaceuticals, Inc. (a) | 36 | 3,096 | ||||||
295,199 | ||||||||
PROFESSIONAL SERVICES — 0.2% | ||||||||
CDI Corp. | 16 | 274 | ||||||
Dun & Bradstreet Corp. | 12 | 944 | ||||||
Equifax, Inc. | 30 | 1,624 | ||||||
Exponent, Inc. (a) | 4 | 223 | ||||||
FTI Consulting, Inc. (a) | 20 | 660 | ||||||
Heidrick & Struggles International, Inc. | 8 | 122 | ||||||
Insperity, Inc. | 14 | 456 | ||||||
Kelly Services, Inc. (Class A) | 30 | 472 | ||||||
Korn/Ferry International (a) | 22 | 349 | ||||||
Manpower, Inc. | 86 | 3,650 | ||||||
Navigant Consulting, Inc. (a) | 22 | 245 | ||||||
On Assignment, Inc. (a) | 14 | 284 | ||||||
Resources Connection, Inc. | 14 | 167 | ||||||
Robert Half International, Inc. | 40 | 1,273 | ||||||
The Corporate Executive Board Co. | 6 | 285 | ||||||
The Dolan Co. (a) | 18 | 70 | ||||||
Towers Watson & Co. (Class A) | 22 | 1,237 | ||||||
TrueBlue, Inc. (a) | 18 | 283 | ||||||
12,618 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.8% | ||||||||
Acadia Realty Trust | 14 | 351 | ||||||
Alexandria Real Estate Equities, Inc. | 18 | 1,248 | ||||||
American Campus Communities, Inc. | 18 | 830 | ||||||
American Tower Corp. | 60 | 4,636 | ||||||
Apartment Investment & Management Co. (Class A) | 32 | 866 | ||||||
AvalonBay Communities, Inc. | 20 | 2,712 | ||||||
BioMed Realty Trust, Inc. | 50 | 967 | ||||||
Boston Properties, Inc. | 34 | 3,598 | ||||||
BRE Properties, Inc. | 20 | 1,017 | ||||||
Camden Property Trust | 22 | 1,501 |
See accompanying notes to financial statements.
219
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Cedar Realty Trust, Inc. | 40 | $ | 211 | |||||
Colonial Properties Trust | 22 | 470 | ||||||
Corporate Office Properties Trust | 28 | 699 | ||||||
Cousins Properties, Inc. | 34 | 284 | ||||||
DiamondRock Hospitality Co. | 64 | 576 | ||||||
Duke Realty Corp. | 120 | 1,664 | ||||||
EastGroup Properties, Inc. | 8 | 430 | ||||||
EPR Properties | 16 | 738 | ||||||
Equity One, Inc. | 40 | 840 | ||||||
Equity Residential | 78 | 4,420 | ||||||
Essex Property Trust, Inc. | 6 | 880 | ||||||
Extra Space Storage, Inc. | 20 | 728 | ||||||
Federal Realty Investment Trust | 14 | 1,456 | ||||||
Franklin Street Properties Corp. | 52 | 640 | ||||||
Getty Realty Corp. | 30 | 542 | ||||||
HCP, Inc. | 140 | 6,325 | ||||||
Health Care REIT, Inc. | 78 | 4,781 | ||||||
Healthcare Realty Trust, Inc. | 32 | 768 | ||||||
Highwoods Properties, Inc. | 30 | 1,004 | ||||||
Home Properties, Inc. | 14 | 858 | ||||||
Hospitality Properties Trust | 72 | 1,686 | ||||||
Host Hotels & Resorts, Inc. | 186 | 2,915 | ||||||
Inland Real Estate Corp. | 34 | 285 | ||||||
Kilroy Realty Corp. | 18 | 853 | ||||||
Kimco Realty Corp. | 126 | 2,434 | ||||||
Kite Realty Group Trust | 38 | 212 | ||||||
LaSalle Hotel Properties | 22 | 559 | ||||||
Lexington Realty Trust | 54 | 564 | ||||||
Liberty Property Trust | 52 | 1,860 | ||||||
LTC Properties, Inc. | 12 | 422 | ||||||
Mack-Cali Realty Corp. | 26 | 679 | ||||||
Medical Properties Trust, Inc. | 64 | 765 | ||||||
Mid-America Apartment Communities, Inc. | 10 | 648 | ||||||
National Retail Properties, Inc. | 42 | 1,310 | ||||||
OMEGA Healthcare Investors, Inc. | 30 | 716 | ||||||
Parkway Properties, Inc. | 24 | 336 | ||||||
Pennsylvania Real Estate Investment Trust | 26 | 459 | ||||||
Plum Creek Timber Co., Inc. | 54 | 2,396 | ||||||
Post Properties, Inc. | 12 | 599 | ||||||
Potlatch Corp. | 18 | 705 | ||||||
ProLogis | 104 | 3,795 | ||||||
PS Business Parks, Inc. | 8 | 520 | ||||||
Public Storage | 38 | 5,508 | ||||||
Rayonier, Inc. | 40 | 2,073 | ||||||
Realty Income Corp. | 44 | 1,769 | ||||||
Regency Centers Corp. | 28 | 1,319 | ||||||
Saul Centers, Inc. | 6 | 257 | ||||||
Senior Housing Properties Trust | 78 | 1,844 | ||||||
Simon Property Group, Inc. | 46 | 7,272 | ||||||
SL Green Realty Corp. | 32 | 2,453 | ||||||
Sovran Self Storage, Inc. | 10 | 621 | ||||||
Tanger Factory Outlet Centers, Inc. | 14 | 479 | ||||||
Taubman Centers, Inc. | 12 | 945 | ||||||
The Macerich Co. | 34 | 1,982 | ||||||
UDR, Inc. | 56 | 1,332 | ||||||
Universal Health Realty Income Trust | 6 | 304 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 14 | 276 | ||||||
Ventas, Inc. | 66 | 4,272 | ||||||
Vornado Realty Trust | 52 | 4,164 | ||||||
Weingarten Realty Investors | 38 | 1,017 | ||||||
108,645 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (c) | ||||||||
CBRE Group, Inc. (a) | 82 | 1,632 | ||||||
Forestar Group, Inc. (a) | 12 | 208 | ||||||
Jones Lang LaSalle, Inc. | 12 | 1,007 | ||||||
2,847 | ||||||||
ROAD & RAIL — 0.7% | ||||||||
Arkansas Best Corp. | 18 | 172 | ||||||
Con-way, Inc. | 32 | 890 | ||||||
CSX Corp. | 414 | 8,168 | ||||||
Heartland Express, Inc. | 18 | 235 | ||||||
J.B. Hunt Transport Services, Inc. | 28 | 1,672 | ||||||
Kansas City Southern | 28 | 2,338 | ||||||
Knight Transportation, Inc. | 26 | 380 | ||||||
Landstar System, Inc. | 10 | 525 | ||||||
Norfolk Southern Corp. | 142 | 8,781 | ||||||
Old Dominion Freight Line, Inc. (a) | 24 | 823 | ||||||
Ryder Systems, Inc. | 38 | 1,897 | ||||||
Union Pacific Corp. | 146 | 18,355 | ||||||
Werner Enterprises, Inc. | 28 | 607 | ||||||
44,843 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.7% | ||||||||
Advanced Energy Industries, Inc. (a) | 16 | 221 | ||||||
Advanced Micro Devices, Inc. (a) | 266 | 638 | ||||||
Altera Corp. | 48 | 1,653 | ||||||
Analog Devices, Inc. | 92 | 3,870 | ||||||
Applied Materials, Inc. | 548 | 6,269 | ||||||
Atmel Corp. (a) | 118 | 773 | ||||||
ATMI, Inc. (a) | 10 | 209 | ||||||
Broadcom Corp. (Class A) (a) | 116 | 3,852 | ||||||
Brooks Automation, Inc. | 24 | 193 | ||||||
Cabot Microelectronics Corp. (a) | 8 | 284 | ||||||
CEVA, Inc. (a) | 4 | 63 | ||||||
Cirrus Logic, Inc. (a) | 18 | 521 | ||||||
Cohu, Inc. | 10 | 108 | ||||||
Cree, Inc. (a) | 36 | 1,223 | ||||||
Cymer, Inc. (a) | 10 | 904 | ||||||
Cypress Semiconductor Corp. (a) | 30 | 325 | ||||||
Diodes, Inc. (a) | 16 | 278 | ||||||
DSP Group, Inc. (a) | 12 | 69 | ||||||
Entropic Communications, Inc. (a) | 30 | 159 | ||||||
Exar Corp. (a) | 12 | 107 | ||||||
Fairchild Semiconductor International, Inc. (a) | 60 | 864 | ||||||
First Solar, Inc. (a) | 66 | 2,038 | ||||||
GT Advanced Technologies, Inc. (a) | 64 | 193 | ||||||
Hittite Microwave Corp. (a) | 6 | 373 | ||||||
Integrated Device Technology, Inc. (a) | 56 | 409 | ||||||
Intel Corp. | 1,986 | 40,971 | ||||||
International Rectifier Corp. (a) | 28 | 496 | ||||||
Intersil Corp. (Class A) | 68 | 564 | ||||||
KLA-Tencor Corp. | 48 | 2,293 | ||||||
Kopin Corp. (a) | 20 | 67 | ||||||
Kulicke & Soffa Industries, Inc. (a) | 32 | 384 | ||||||
Lam Research Corp. (a) | 65 | 2,348 |
See accompanying notes to financial statements.
220
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Linear Technology Corp. | 62 | $ | 2,127 | |||||
LSI Corp. (a) | 150 | 1,062 | ||||||
MEMC Electronic Materials, Inc. (a) | 252 | 809 | ||||||
Micrel, Inc. | 20 | 190 | ||||||
Microchip Technology, Inc. | 64 | 2,086 | ||||||
Micron Technology, Inc. (a) | 662 | 4,204 | ||||||
Microsemi Corp. (a) | 24 | 505 | ||||||
MKS Instruments, Inc. | 18 | 464 | ||||||
Monolithic Power Systems, Inc. (a) | 10 | 223 | ||||||
Nanometrics, Inc. (a) | 8 | 115 | ||||||
NVIDIA Corp. | 192 | 2,360 | ||||||
Pericom Semiconductor Corp. (a) | 12 | 96 | ||||||
Power Integrations, Inc. | 6 | 202 | ||||||
RF Micro Devices, Inc. (a) | 106 | 475 | ||||||
Rubicon Technology, Inc. (a) | 10 | 61 | ||||||
Rudolph Technologies, Inc. (a) | 12 | 161 | ||||||
Semtech Corp. (a) | 16 | 463 | ||||||
Sigma Designs, Inc. (a) | 36 | 185 | ||||||
Silicon Laboratories, Inc. (a) | 10 | 418 | ||||||
Skyworks Solutions, Inc. (a) | 48 | 974 | ||||||
STR Holdings, Inc. (a) | 28 | 71 | ||||||
Supertex, Inc. (a) | 4 | 70 | ||||||
Teradyne, Inc. (a) | 72 | 1,216 | ||||||
Tessera Technologies, Inc. | 20 | 328 | ||||||
Texas Instruments, Inc. | 352 | 10,891 | ||||||
TriQuint Semiconductor, Inc. (a) | 72 | 349 | ||||||
Ultratech, Inc. (a) | 6 | 224 | ||||||
Veeco Instruments, Inc. (a) | 22 | 649 | ||||||
Volterra Semiconductor Corp. (a) | 4 | 69 | ||||||
Xilinx, Inc. | 74 | 2,657 | ||||||
106,423 | ||||||||
SOFTWARE — 2.5% | ||||||||
ACI Worldwide, Inc. (a) | 8 | 349 | ||||||
Adobe Systems, Inc. (a) | 140 | 5,275 | ||||||
Advent Software, Inc. (a) | 10 | 214 | ||||||
Ansys, Inc. (a) | 18 | 1,212 | ||||||
Autodesk, Inc. (a) | 46 | 1,626 | ||||||
Blackbaud, Inc. | 6 | 137 | ||||||
BMC Software, Inc. (a) | 48 | 1,904 | ||||||
Bottomline Technologies, Inc. (a) | 6 | 158 | ||||||
CA, Inc. | 142 | 3,121 | ||||||
Cadence Design Systems, Inc. (a) | 62 | 838 | ||||||
Citrix Systems, Inc. (a) | 38 | 2,498 | ||||||
CommVault Systems, Inc. (a) | 6 | 418 | ||||||
Compuware Corp. (a) | 82 | 891 | ||||||
Concur Technologies, Inc. (a) | 6 | 405 | ||||||
Ebix, Inc. | 8 | 129 | ||||||
Electronic Arts, Inc. (a) | 98 | 1,424 | ||||||
EPIQ Systems, Inc. | 14 | 179 | ||||||
Factset Research Systems, Inc. | 6 | 528 | ||||||
Fair Isaac Corp. | 8 | 336 | ||||||
Informatica Corp. (a) | 16 | 485 | ||||||
Interactive Intelligence Group (a) | 4 | 134 | ||||||
Intuit, Inc. | 42 | 2,499 | ||||||
Manhattan Associates, Inc. (a) | 6 | 362 | ||||||
Mentor Graphics Corp. (a) | 32 | 545 | ||||||
MICROS Systems, Inc. (a) | 18 | 764 | ||||||
Microsoft Corp. | 2,759 | 73,748 | ||||||
MicroStrategy, Inc. (a) | 2 | 187 | ||||||
Monotype Imaging Holdings, Inc. | 10 | 160 | ||||||
Netscout Systems, Inc. (a) | 12 | 312 | ||||||
Oracle Corp. | 1,090 | 36,319 | ||||||
Parametric Technology Corp. (a) | 26 | 585 | ||||||
Progress Software Corp. (a) | 20 | 420 | ||||||
Quality Systems, Inc. | 8 | 139 | ||||||
Red Hat, Inc. (a) | 30 | 1,589 | ||||||
Rovi Corp. (a) | 28 | 432 | ||||||
Salesforce.com, Inc. (a) | 20 | 3,362 | ||||||
Solera Holdings, Inc. | 10 | 535 | ||||||
Sourcefire, Inc. (a) | 4 | 189 | ||||||
Symantec Corp. (a) | 268 | 5,041 | ||||||
Synchronoss Technologies, Inc. (a) | 6 | 127 | ||||||
Synopsys, Inc. (a) | 50 | 1,592 | ||||||
Take-Two Interactive Software, Inc. (a) | 24 | 264 | ||||||
TIBCO Software, Inc. (a) | 24 | 528 | ||||||
Tyler Technologies, Inc. (a) | 6 | 291 | ||||||
Websense, Inc. (a) | 10 | 150 | ||||||
152,401 | ||||||||
SPECIALTY RETAIL — 2.3% | ||||||||
Aaron’s, Inc. | 26 | 735 | ||||||
Abercrombie & Fitch Co. (Class A) | 28 | 1,343 | ||||||
Advance Auto Parts, Inc. | 22 | 1,592 | ||||||
Aeropostale, Inc. (a) | 38 | 494 | ||||||
American Eagle Outfitters, Inc. | 80 | 1,641 | ||||||
ANN, Inc. (a) | 20 | 677 | ||||||
Ascena Retail Group, Inc. (a) | 46 | 851 | ||||||
AutoNation, Inc. (a) | 42 | 1,667 | ||||||
AutoZone, Inc. (a) | 14 | 4,962 | ||||||
Barnes & Noble, Inc. (a) | 42 | 634 | ||||||
Bed Bath & Beyond, Inc. (a) | 72 | 4,026 | ||||||
Best Buy Co., Inc. | 290 | 3,436 | ||||||
Big 5 Sporting Goods Corp. | 18 | 236 | ||||||
Brown Shoe Co., Inc. | 44 | 808 | ||||||
Cabela’s, Inc. (a) | 30 | 1,252 | ||||||
CarMax, Inc. (a) | 76 | 2,853 | ||||||
Chico’s FAS, Inc. | 52 | 960 | ||||||
Christopher & Banks Corp. (a) | 40 | 218 | ||||||
Coldwater Creek, Inc. (a) | 22 | 106 | ||||||
Dick’s Sporting Goods, Inc. | 30 | 1,365 | ||||||
Foot Locker, Inc. | 62 | 1,991 | ||||||
GameStop Corp. (Class A) | 134 | 3,362 | ||||||
Genesco, Inc. (a) | 10 | 550 | ||||||
Group 1 Automotive, Inc. | 16 | 992 | ||||||
Guess?, Inc. | 40 | 982 | ||||||
Haverty Furniture Cos., Inc. | 14 | 228 | ||||||
Hibbett Sports, Inc. (a) | 6 | 316 | ||||||
Hot Topic, Inc. | 18 | 174 | ||||||
Jos. A. Bank Clothiers, Inc. (a) | 10 | 426 | ||||||
Kirkland’s, Inc. (a) | 8 | 85 | ||||||
Limited Brands, Inc. | 84 | 3,953 | ||||||
Lithia Motors, Inc. (Class A) | 16 | 599 | ||||||
Lowe’s Cos., Inc. | 504 | 17,902 | ||||||
Lumber Liquidators Holdings, Inc. (a) | 8 | 423 | ||||||
MarineMax, Inc. (a) | 26 | 232 | ||||||
Monro Muffler Brake, Inc. | 6 | 210 | ||||||
O’Reilly Automotive, Inc. (a) | 34 | 3,040 | ||||||
Office Depot, Inc. (a) | 310 | 1,017 | ||||||
OfficeMax, Inc. | 94 | 917 |
See accompanying notes to financial statements.
221
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
Pep Boys-Manny, Moe & Jack | 28 | $ | 275 | |||||
PetSmart, Inc. | 30 | 2,050 | ||||||
Rent-A-Center, Inc. | 28 | 962 | ||||||
Ross Stores, Inc. | 46 | 2,491 | ||||||
Rue21, Inc. (a) | 6 | 170 | ||||||
Select Comfort Corp. (a) | 12 | 314 | ||||||
Signet Jewelers, Ltd. | 28 | 1,495 | ||||||
Sonic Automotive, Inc. (Class A) | 40 | 836 | ||||||
Stage Stores, Inc. | 34 | 843 | ||||||
Staples, Inc. | 496 | 5,654 | ||||||
Stein Mart, Inc. (a) | 30 | 226 | ||||||
The Buckle, Inc. | 14 | 625 | ||||||
The Cato Corp. (Class A) | 12 | 329 | ||||||
The Children’s Place Retail Stores, Inc. (a) | 12 | 531 | ||||||
The Finish Line, Inc. (Class A) | 20 | 379 | ||||||
The Gap, Inc. | 216 | 6,705 | ||||||
The Home Depot, Inc. | 526 | 32,533 | ||||||
The Men’s Wearhouse, Inc. | 18 | 561 | ||||||
Tiffany & Co. | 26 | 1,491 | ||||||
TJX Cos., Inc. | 188 | 7,981 | ||||||
Tractor Supply Co. | 10 | 884 | ||||||
Urban Outfitters, Inc. (a) | 44 | 1,732 | ||||||
Vitamin Shoppe, Inc. (a) | 8 | 459 | ||||||
Williams-Sonoma, Inc. | 30 | 1,313 | ||||||
Zale Corp. (a) | 28 | 115 | ||||||
Zumiez, Inc. (a) | 6 | 116 | ||||||
138,325 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.5% | ||||||||
Carter’s, Inc. (a) | 16 | 890 | ||||||
Coach, Inc. | 44 | 2,442 | ||||||
Crocs, Inc. (a) | 24 | 345 | ||||||
Deckers Outdoor Corp. (a) | 12 | 483 | ||||||
Fifth & Pacific Cos, Inc. (a) | 30 | 374 | ||||||
Fossil, Inc. (a) | 12 | 1,117 | ||||||
Hanesbrands, Inc. (a) | 40 | 1,433 | ||||||
Iconix Brand Group, Inc. (a) | 30 | 670 | ||||||
K-Swiss, Inc. (Class A) (a) | 18 | 61 | ||||||
Maidenform Brands, Inc. (a) | 8 | 156 | ||||||
Movado Group, Inc. | 8 | 245 | ||||||
NIKE, Inc. (Class B) | 152 | 7,843 | ||||||
Oxford Industries, Inc. | 4 | 185 | ||||||
Perry Ellis International, Inc. (a) | 12 | 239 | ||||||
PVH Corp. | 16 | 1,776 | ||||||
Quiksilver, Inc. (a) | 136 | 578 | ||||||
Ralph Lauren Corp. | 16 | 2,399 | ||||||
Skechers U.S.A., Inc. (a) | 42 | 777 | ||||||
Steven Madden, Ltd. (a) | 10 | 423 | ||||||
The Warnaco Group, Inc. (a) | 16 | 1,145 | ||||||
True Religion Apparel, Inc. | 8 | 203 | ||||||
Under Armour, Inc. (Class A) (a) | 16 | 777 | ||||||
V.F. Corp. | 30 | 4,529 | ||||||
Wolverine World Wide, Inc. | 16 | 656 | ||||||
29,746 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.2% | ||||||||
Astoria Financial Corp. | 88 | 824 | ||||||
Bank Mutual Corp. | 32 | 138 | ||||||
Brookline Bancorp, Inc. | 28 | 238 | ||||||
Dime Community Bancshares | 18 | 250 | ||||||
Hudson City Bancorp, Inc. | 346 | 2,813 | ||||||
New York Community Bancorp, Inc. | 286 | 3,747 | ||||||
Northwest Bancshares, Inc. | 44 | 534 | ||||||
Oritani Financial Corp. | 12 | 184 | ||||||
People’s United Financial, Inc. | 190 | 2,297 | ||||||
Provident Financial Services, Inc. | 32 | 477 | ||||||
TrustCo Bank Corp. NY | 50 | 264 | ||||||
ViewPoint Financial Group | 10 | 209 | ||||||
Washington Federal, Inc. | 48 | 810 | ||||||
12,785 | ||||||||
TOBACCO — 1.3% | ||||||||
Alliance One International, Inc. (a) | 90 | 328 | ||||||
Altria Group, Inc. | 808 | 25,387 | ||||||
Lorillard, Inc. | 46 | 5,367 | ||||||
Philip Morris International, Inc. | 454 | 37,972 | ||||||
Reynolds American, Inc. | 238 | 9,860 | ||||||
Universal Corp. | 26 | 1,298 | ||||||
80,212 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.2% | ||||||||
Applied Industrial Technologies, Inc. | 16 | 672 | ||||||
Fastenal Co. | 42 | 1,961 | ||||||
GATX Corp. | 22 | 953 | ||||||
Kaman Corp. | 10 | 368 | ||||||
MSC Industrial Direct Co., Inc. (Class A) | 12 | 904 | ||||||
United Rentals, Inc. (a) | 36 | 1,639 | ||||||
W.W. Grainger, Inc. | 16 | 3,238 | ||||||
Watsco, Inc. | 14 | 1,048 | ||||||
10,783 | ||||||||
WATER UTILITIES — 0.0% (c) | ||||||||
American States Water Co. | 8 | 384 | ||||||
Aqua America, Inc. | 48 | 1,220 | ||||||
1,604 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.5% | ||||||||
Crown Castle International Corp. (a) | 44 | 3,175 | ||||||
MetroPCS Communications, Inc. (a) | 344 | 3,419 | ||||||
NTELOS Holdings Corp. | 16 | 210 | ||||||
Sprint Nextel Corp. (a) | 3,264 | 18,507 | ||||||
Telephone & Data Systems, Inc. | 110 | 2,436 | ||||||
USA Mobility, Inc. | 24 | 279 | ||||||
28,026 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,982,311) | 6,085,853 | |||||||
SHORT TERM INVESTMENT — 0.8% | ||||||||
MONEY MARKET FUND — 0.8% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) (Cost $46,560) | 46,560 | 46,560 | ||||||
TOTAL INVESTMENTS — 100.5% (f) | ||||||||
(Cost $6,028,871) | 6,132,413 | |||||||
OTHER ASSETS & LIABILITIES — (0.5)% | (29,169 | ) | ||||||
�� | ||||||||
NET ASSETS — 100.0% | $ | 6,103,244 | ||||||
See accompanying notes to financial statements.
222
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
(a) | Non-income producing security. | |||||
(b) | Affiliated issuer. (Note 3) | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
223
SPDR Wells Fargo Preferred Stock ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
PREFERRED STOCKS — 99.7% | ||||||||
AUTOMOBILES — 0.8% | ||||||||
Ford Motor Co., 7.50% (a) | 102,319 | $ | 2,650,062 | |||||
CAPITAL MARKETS — 4.8% | ||||||||
State Street Corp., 5.25% (a)(b) | 86,863 | 2,207,189 | ||||||
The Bank of New York Mellon Corp., 5.20% (a) | 100,550 | 2,526,821 | ||||||
The Charles Schwab Corp., 6.00% | 83,720 | 2,189,278 | ||||||
The Goldman Sachs Group, Inc., 6.50% (a) | 99,256 | 2,658,076 | ||||||
The Goldman Sachs Group, Inc., 6.13% (a) | 229,501 | 5,994,566 | ||||||
15,575,930 | ||||||||
COMMERCIAL BANKS — 27.6% | ||||||||
Barclays Bank PLC Series 2, 6.63% (a) | 80,642 | 2,016,050 | ||||||
Barclays Bank PLC Series 3, 7.10% (a) | 146,606 | 3,673,946 | ||||||
Barclays Bank PLC Series 4, 7.75% | 122,548 | 3,085,759 | ||||||
Barclays Bank PLC Series 5, 8.13% | 282,549 | 7,185,221 | ||||||
BB&T Corp., 5.85% (a) | 99,256 | 2,578,671 | ||||||
BB&T Corp., 5.63% (a) | 199,144 | 5,074,189 | ||||||
BB&T Corp., 5.20% (a) | 77,250 | 1,898,033 | ||||||
HSBC Holdings PLC, 8.13% (a) | 145,104 | 3,681,288 | ||||||
HSBC Holdings PLC, 8.00% (a) | 250,634 | 6,907,473 | ||||||
HSBC Holdings PLC, Series A, 6.20% | 96,251 | 2,409,163 | ||||||
HSBC USA, Inc. Series F, 3.50% (a) | 34,702 | 753,727 | ||||||
HSBC USA, Inc. Series G, 4.00% (a) | 25,063 | 568,930 | ||||||
Lloyds Banking Group PLC, 7.75% (a) | 149,333 | 4,094,711 | ||||||
M&T Capital Trust IV, 8.50% (a) | 60,516 | 1,534,081 | ||||||
PNC Financial Services Group, Inc., 6.13% (a) | 259,761 | 7,197,977 | ||||||
PNC Financial Services Group, Inc., 5.38% | 82,995 | 2,070,725 | ||||||
UBS Preferred Funding Trust IV Series D, 0.91% (a) | 51,001 | 758,385 | ||||||
US Bancorp Series B, 3.50% (a) | 173,206 | 4,271,260 | ||||||
US Bancorp Series D, 7.88% (a) | 86,855 | 2,223,488 | ||||||
US Bancorp Series F, 6.50% (a) | 190,497 | 5,455,834 | ||||||
US Bancorp Series G, 6.00% (a) | 187,902 | 5,212,402 | ||||||
Wells Fargo & Co., 5.20% (a) | 73,375 | 1,847,583 | ||||||
Wells Fargo & Co., 5.13% (a) | 63,887 | 1,590,786 | ||||||
Wells Fargo & Co. Series J, 8.00% (a) | 211,354 | 6,203,240 | ||||||
Wells Fargo Capital IX, 5.63% (a) | 48,914 | 1,226,763 | ||||||
Wells Fargo Capital VII, 5.85% (a) | 48,914 | 1,251,709 | ||||||
Wells Fargo Capital XII, 7.88% | 154,185 | 3,905,506 | ||||||
88,676,900 | ||||||||
CONSUMER FINANCE — 0.5% | ||||||||
HSBC Finance Corp., 6.36% | 37,948 | 950,977 | ||||||
HSBC USA, Inc. Series H, 6.50% (a) | 25,063 | 629,833 | ||||||
1,580,810 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 22.6% | ||||||||
Credit Suisse Guernsey, 7.90% | 264,082 | 6,697,120 | ||||||
Deutsche Bank Capital Funding Trust IX, 6.63% (a) | 103,901 | 2,604,798 | ||||||
Deutsche Bank Capital Funding Trust VIII, 6.38% (a) | 54,209 | 1,357,935 | ||||||
Deutsche Bank Capital Funding Trust X, 7.35% (a) | 72,731 | 1,823,366 | ||||||
Deutsche Bank Contingent Capital Trust II, 6.55% (a) | 72,279 | 1,855,402 | ||||||
Deutsche Bank Contingent Capital Trust III, 7.60% (a) | 178,439 | 4,807,147 | ||||||
Deutsche Bank Contingent Capital Trust V, 8.05% (a) | 125,133 | 3,417,382 | ||||||
General Electric Capital Corp., 6.50% (a) | 43,155 | 1,186,762 | ||||||
General Electric Capital Corp., 6.05% (a) | 103,571 | 2,718,739 | ||||||
General Electric Capital Corp., 6.00% (a) | 172,619 | 4,505,356 | ||||||
General Electric Capital Corp., 5.88% | 129,464 | 3,366,064 | ||||||
General Electric Capital Corp., 4.88% | 142,411 | 3,630,056 | ||||||
ING Groep NV, 8.50% (a) | 166,691 | 4,265,623 | ||||||
ING Groep NV, 7.38% (a) | 125,018 | 3,124,200 | ||||||
ING Groep NV, 7.20% (a) | 91,680 | 2,299,334 | ||||||
ING Groep NV, 7.05% | 66,676 | 1,667,567 | ||||||
ING Groep NV, 6.38% (a) | 88,093 | 2,130,970 | ||||||
ING Groep NV, 6.20% (a) | 42,008 | 1,025,835 | ||||||
ING Groep NV, 6.13% (a) | 58,860 | 1,407,343 | ||||||
JP Morgan Chase & Co., 8.63% (a) | 119,571 | 3,105,259 | ||||||
JP Morgan Chase & Co., 5.50% (a) | 84,422 | 2,122,369 | ||||||
JP Morgan Chase Capital X, 7.00% | 66,428 | 1,695,243 | ||||||
JP Morgan Chase Capital XI Series K, 5.88% (a) | 71,410 | 1,797,390 | ||||||
JP Morgan Chase Capital XII, 6.25% | 27,377 | 696,471 | ||||||
JP Morgan Chase Capital XIV, 6.20% (a) | 40,119 | 1,020,627 | ||||||
JP Morgan Chase Capital XIX Series S, 6.63% | 37,598 | 950,477 | ||||||
JP Morgan Chase Capital XVI, 6.35% (a) | 33,397 | 844,276 | ||||||
JP Morgan Chase Capital XXIV Series X, 6.88% | 46,836 | 1,193,850 | ||||||
JP Morgan Chase Capital XXIX, 6.70% (a) | 99,642 | 2,545,853 | ||||||
KKR Financial Holdings LLC, 8.38% | 44,739 | 1,245,086 | ||||||
Raymond James Financial, Inc., 6.90% (a) | 60,516 | 1,650,271 | ||||||
72,758,171 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.5% | ||||||||
Qwest Corp., 7.50% (a) | 99,256 | 2,676,934 | ||||||
Qwest Corp., 7.38% (a) | 114,144 | 3,060,201 | ||||||
Qwest Corp., 7.00% (a) | 91,164 | 2,406,730 | ||||||
Qwest Corp., 7.00% (a) | 69,162 | 1,797,520 | ||||||
Telephone & Data Systems, 7.00% | 51,873 | 1,373,597 | ||||||
11,314,982 | ||||||||
ELECTRIC UTILITIES — 5.6% | ||||||||
BGE Capital Trust II, 6.20% | 42,681 | 1,088,792 | ||||||
Constellation Energy Group, Inc. Series A, 8.63% (a) | 77,808 | 1,986,438 | ||||||
FPC Capital I Series A, 7.10% (a) | 51,873 | 1,325,874 | ||||||
FPL Group Capital Trust I, 5.88% (a) | 51,873 | 1,324,837 | ||||||
NextEra Energy Capital Holdings, Inc., 8.75% | 64,839 | 1,731,850 | ||||||
NextEra Energy Capital Holdings, Inc., 6.60% | 60,516 | 1,514,110 |
See accompanying notes to financial statements.
224
SPDR Wells Fargo Preferred Stock ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
NextEra Energy Capital Holdings, Inc., 5.70% | 69,162 | $ | 1,803,053 | |||||
NextEra Energy Capital Holdings, Inc., 5.63% | 60,516 | 1,574,626 | ||||||
NextEra Energy Capital Holdings, Inc., 5.13% (a) | 85,831 | 2,153,500 | ||||||
SCE Trust I, 5.63% | 81,331 | 2,098,340 | ||||||
Tennessee Valley Authority Series A, 4.15% (a) | 46,701 | 1,236,176 | ||||||
17,837,596 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.5% | ||||||||
Tennessee Valley Authority Series D, 4.06% | 57,110 | 1,519,697 | ||||||
INSURANCE — 18.8% | ||||||||
Aegon NV, 8.00% (a) | 85,492 | 2,392,066 | ||||||
Aegon NV, 7.25% (a) | 170,200 | 4,266,914 | ||||||
Aegon NV, 6.88% | 89,502 | 2,237,550 | ||||||
Aegon NV, 6.50% (a) | 81,048 | 2,015,664 | ||||||
Aegon NV, 6.38% (a) | 162,096 | 4,078,335 | ||||||
Aegon NV Series 1, 4.00% (a) | 40,511 | 943,096 | ||||||
Aflac, Inc., 5.50% (a) | 86,859 | 2,210,562 | ||||||
American International Group, Inc., 7.70% (a) | 190,497 | 4,838,624 | ||||||
American International Group, Inc. Series A-4, 6.45% (a) | 129,882 | 3,236,659 | ||||||
Arch Capital Group, Ltd., 6.75% (a) | 56,197 | 1,507,765 | ||||||
Aviva PLC, 8.25% (a) | 69,162 | 1,922,704 | ||||||
Axis Capital Holdings Series C, 6.88% | 69,162 | 1,846,625 | ||||||
Everest RE Capital Trust II Series B, 6.20% (a) | 55,330 | 1,390,443 | ||||||
MetLife, Inc. Series A, 4.00% (a) | 103,571 | 2,603,775 | ||||||
MetLife, Inc. Series B, 6.50% (a) | 259,761 | 6,548,575 | ||||||
PartnerRe, Ltd. Series C, 6.75% | 50,142 | 1,264,080 | ||||||
PartnerRe, Ltd. Series E, 7.25% | 64,623 | 1,746,760 | ||||||
Principal Financial Group, Inc. Series B, 6.52% | 42,681 | 1,098,609 | ||||||
Protective Life Corp., 6.25% | 49,709 | 1,295,914 | ||||||
Prudential Financial, Inc., 9.00% (a) | 159,378 | 4,115,140 | ||||||
Prudential Financial, Inc., 5.75% | 99,256 | 2,531,028 | ||||||
Prudential PLC, 6.75% | 42,581 | 1,068,783 | ||||||
Prudential PLC, 6.50% (a) | 51,873 | 1,312,387 | ||||||
Reinsurance Group of America, Inc., 6.20% | 69,162 | 1,874,982 | ||||||
RenaissanceRe Holdings, Ltd. Series C, 6.08% (a) | 42,581 | 1,068,357 | ||||||
W.R. Berkley Capital Trust II, 6.75% (a) | 42,581 | 1,073,041 | ||||||
60,488,438 | ||||||||
MACHINERY — 1.1% | ||||||||
Stanley Black & Decker, Inc., 5.75% (a) | 129,882 | 3,370,438 | ||||||
MEDIA — 0.4% | ||||||||
Comcast Corp., 5.00% | 49,628 | 1,299,757 | ||||||
MULTI-UTILITIES — 2.0% | ||||||||
Dominion Resources, Inc. Series A, 8.38% (a) | 118,643 | 3,195,056 | ||||||
DTE Energy Co., 6.50% | 48,413 | 1,321,191 | ||||||
Xcel Energy, Inc., 7.60% (a) | 69,162 | 1,749,798 | ||||||
6,266,045 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 11.0% | ||||||||
Digital Realty Trust, Inc. Series E, 7.00% (a) | 49,709 | 1,325,739 | ||||||
Harris Preferred Capital Corp. Series A, 7.38% (a) | 42,581 | 1,078,577 | ||||||
Health Care REIT, Inc. Series J, 6.50% (a) | 49,709 | 1,337,172 | ||||||
Hospitality Properties Trust Series J, 7.13% (a) | 50,142 | 1,333,777 | ||||||
Kimco Realty Corp. Series I, 6.00% (a) | 69,162 | 1,771,239 | ||||||
National Retail Properties, Inc. Series D, 6.63% (a) | 49,709 | 1,319,774 | ||||||
PS Business Parks, Inc., 6.00% (a) | 60,516 | 1,560,708 | ||||||
Public Storage, 5.90% (a) | 79,536 | 2,079,866 | ||||||
Public Storage, 5.63% (a) | 49,709 | 1,291,440 | ||||||
Public Storage, 5.38% (a) | 85,991 | 2,218,568 | ||||||
Public Storage Series Q, 6.50% (a) | 64,839 | 1,759,730 | ||||||
Public Storage Series R, 6.35% (a) | 84,678 | 2,267,677 | ||||||
Public Storage Series T, 5.75% (a) | 79,171 | 2,056,071 | ||||||
Realty Income Corp. Series F, 6.63% | 70,676 | 1,874,327 | ||||||
Regency Centers Corp. Series 6, 6.63% (a) | 42,681 | 1,134,034 | ||||||
Senior Housing Properties Trust, 5.63% (a) | 60,516 | 1,489,299 | ||||||
Vornado Realty LP, 7.88% | 79,921 | 2,164,261 | ||||||
Vornado Realty Trust, 5.70% (a) | 51,873 | 1,324,318 | ||||||
Vornado Realty Trust Series I, 6.63% (a) | 46,085 | 1,154,890 | ||||||
Wachovia Preferred Funding Corp. Series A, 7.25% (a) | 129,882 | 3,430,184 | ||||||
Weingarten Realty Investors Series F, 6.50% (a) | 60,516 | 1,510,479 | ||||||
35,482,130 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.5% | ||||||||
US Cellular Corp., 6.95% | 59,135 | 1,627,985 | ||||||
TOTAL PREFERRED STOCKS — | ||||||||
(Cost $317,022,101) | 320,448,941 | |||||||
SHORT TERM INVESTMENTS — 8.7% | ||||||||
MONEY MARKET FUNDS — 8.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 21,709,108 | 21,709,108 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 6,279,113 | 6,279,113 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $27,988,221) | 27,988,221 | |||||||
TOTAL INVESTMENTS — 108.4% (f) | ||||||||
(Cost $345,010,322) | 348,437,162 | |||||||
OTHER ASSETS & LIABILITIES — (8.4)% | (26,984,093 | ) | ||||||
NET ASSETS — 100.0% | $ | 321,453,069 | ||||||
See accompanying notes to financial statements.
225
SPDR Wells Fargo Preferred Stock ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Affiliated issuer. (Note 3) | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
226
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227
SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES
STATEMENTS OF ASSETS AND LIABILITIES
December 31, 2012 (Unaudited)
SPDR S&P | ||||||||||||||||||||||||||||||||||||||||
SPDR S&P | SPDR S&P | SPDR S&P | 600 | |||||||||||||||||||||||||||||||||||||
SPDR Dow Jones Total Market | SPDR Dow Jones | SPDR S&P 500 Growth | 500 | SPDR S&P 400 Mid Cap Growth | 400 Mid Cap | 600 | SPDR S&P 600 Small Cap Growth | Small Cap | ||||||||||||||||||||||||||||||||
ETF | Large Cap ETF | ETF | Value ETF | SPDR Dow Jones Mid Cap ETF | ETF | Value ETF | Small Cap ETF | ETF | Value ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 428,978,611 | $ | 43,234,208 | $ | 215,560,786 | $ | 114,204,218 | $ | 76,006,417 | $ | 67,936,177 | $ | 23,794,361 | $ | 228,697,846 | $ | 163,598,338 | $ | 131,491,693 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 15,601,039 | 3,244,972 | 3,791,535 | 3,964,693 | 7,372,940 | 4,794,355 | 4,445,259 | 19,182,503 | 12,949,492 | 10,150,406 | ||||||||||||||||||||||||||||||
Total Investments | 444,579,650 | 46,479,180 | 219,352,321 | 118,168,911 | 83,379,357 | 72,730,532 | 28,239,620 | 247,880,349 | 176,547,830 | 141,642,099 | ||||||||||||||||||||||||||||||
Cash | 10,208 | 797 | — | 315 | 2,530 | — | 2,791 | — | 95,200 | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | 527 | — | — | 36,232 | 639 | 753 | 73,432 | 16,323 | — | 19,076 | ||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | — | — | 207 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Dividends receivable — unaffiliated issuers | 463,543 | 48,482 | 225,386 | 134,781 | 67,218 | 20,605 | 22,544 | 160,544 | 67,931 | 137,377 | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 10,749 | 1,064 | 780 | 3,138 | 4,751 | 2,685 | 1,045 | 23,299 | 24,503 | 7,022 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 445,064,677 | 46,529,523 | 219,578,694 | 118,343,377 | 83,454,495 | 72,754,575 | 28,339,432 | 248,080,515 | 176,735,464 | 141,805,574 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 11,065,191 | 2,798,680 | 1,894,941 | 2,176,281 | 6,215,327 | 4,347,524 | 4,003,347 | 16,748,675 | 10,942,712 | 8,487,941 | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | 23,469 | — | — | — | 25,872 | 131,057 | 278,878 | 228,042 | 138,474 | ||||||||||||||||||||||||||||||
Due to custodian | — | — | — | — | — | — | — | 130,519 | — | 177,043 | ||||||||||||||||||||||||||||||
Distributions payable | 2,792,857 | 292,964 | 1,289,317 | 1,001,361 | 1,077,315 | 274,806 | 203,197 | 1,681,274 | 1,114,649 | 1,136,950 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 73,225 | 7,379 | 37,185 | 19,546 | 16,163 | 14,304 | 5,055 | 37,362 | 34,350 | 28,569 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 782 | 75 | 403 | 176 | 128 | 109 | 40 | 324 | 255 | 227 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 13,932,055 | 3,122,567 | 3,221,846 | 3,197,364 | 7,308,933 | 4,662,615 | 4,342,696 | 18,877,032 | 12,320,008 | 9,969,204 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 431,132,622 | $ | 43,406,956 | $ | 216,356,848 | $ | 115,146,013 | $ | 76,145,562 | $ | 68,091,960 | $ | 23,996,736 | $ | 229,203,483 | $ | 164,415,456 | $ | 131,836,370 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 414,795,555 | $ | 39,314,218 | $ | 220,403,357 | $ | 130,399,769 | $ | 66,144,300 | $ | 67,165,283 | $ | 23,237,278 | $ | 217,409,249 | $ | 171,353,913 | $ | 132,867,749 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 11,605 | (4,764 | ) | 4,644 | (104,908 | ) | (58,707 | ) | (16,605 | ) | (19,582 | ) | (76,652 | ) | (26,548 | ) | (102,153 | ) | ||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (12,419,301 | ) | (1,192,884 | ) | (47,394,292 | ) | (17,210,817 | ) | (76,808 | ) | (7,560,363 | ) | 40,760 | (319,305 | ) | (26,253,532 | ) | 1,442,584 | ||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 28,744,763 | 5,290,386 | 43,343,139 | 2,061,969 | 10,136,777 | 8,503,645 | 738,280 | 12,190,191 | 19,341,623 | (2,371,810 | ) | |||||||||||||||||||||||||||||
NET ASSETS | $ | 431,132,622 | $ | 43,406,956 | $ | 216,356,848 | $ | 115,146,013 | $ | 76,145,562 | $ | 68,091,960 | $ | 23,996,736 | $ | 229,203,483 | $ | 164,415,456 | $ | 131,836,370 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 106.45 | $ | 66.78 | $ | 65.56 | $ | 71.93 | $ | 66.21 | $ | 85.11 | $ | 59.99 | $ | 75.15 | $ | 126.46 | $ | 77.49 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 4,050,138 | 650,000 | 3,300,130 | 1,600,870 | 1,150,000 | 800,000 | 400,000 | 3,050,023 | 1,300,107 | 1,701,340 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 400,212,780 | $ | 37,946,242 | $ | 172,217,647 | $ | 112,155,751 | $ | 65,869,640 | $ | 59,432,532 | $ | 23,056,081 | $ | 216,507,655 | $ | 144,256,715 | $ | 133,863,503 | ||||||||||||||||||||
Affiliated issuers | 15,622,107 | 3,242,552 | 3,791,535 | 3,951,191 | 7,372,940 | 4,794,355 | 4,445,259 | 19,182,503 | 12,949,492 | 10,150,406 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 415,834,887 | $ | 41,188,794 | $ | 176,009,182 | $ | 116,106,942 | $ | 73,242,580 | $ | 64,226,887 | $ | 27,501,340 | $ | 235,690,158 | $ | 157,206,207 | $ | 144,013,909 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 10,968,827 | $ | 2,903,911 | $ | 1,887,645 | $ | 2,191,300 | $ | 6,264,340 | $ | 4,318,896 | $ | 3,961,823 | $ | 16,529,288 | $ | 10,610,610 | $ | 8,449,624 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
December 31, 2012 (Unaudited)
SPDR Morgan | ||||||||||||||||||||||||||||||||||||||||
SPDR S&P Capital | SPDR S&P Mortgage | SPDR S&P Regional | Stanley | |||||||||||||||||||||||||||||||||||||
SPDR Dow Jones | SPDR S&P | Markets | SPDR S&P Insurance | Finance | Banking | Technology | SPDR S&P Dividend | SPDR S&P Aerospace & Defense | ||||||||||||||||||||||||||||||||
SPDR Global Dow ETF | REIT ETF | Bank ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 88,847,145 | $ | 1,886,029,293 | $ | 1,676,101,016 | $ | 19,751,445 | $ | 142,965,049 | $ | 4,254,037 | $ | 1,159,595,840 | $ | 163,538,192 | $ | 8,982,881,036 | $ | 12,731,991 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 2,815,492 | 83,464,543 | 125,186,980 | 4,243,390 | 5,460,558 | 1,110,924 | 74,167,291 | 8,004,595 | 857,125,332 | 2,418,515 | ||||||||||||||||||||||||||||||
Total Investments | 91,662,637 | 1,969,493,836 | 1,801,287,996 | 23,994,835 | 148,425,607 | 5,364,961 | 1,233,763,131 | 171,542,787 | 9,840,006,368 | 15,150,506 | ||||||||||||||||||||||||||||||
Cash | — | — | — | 4,856 | 44,076 | 1,683 | — | — | — | 7,464 | ||||||||||||||||||||||||||||||
Foreign currency, at value | 59,314 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | 126,874 | — | — | — | — | — | — | 4,152 | — | — | ||||||||||||||||||||||||||||||
Dividends receivable — unaffiliated issuers | 169,816 | 6,154,318 | 1,614,862 | 49,922 | 99,552 | 2,785 | 1,489,521 | 57,312 | 13,401,053 | 8,241 | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 3,796 | 11,352 | 20,622 | 4,715 | 822 | 203 | 20,672 | 9,034 | 301,425 | 680 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 92,022,437 | 1,975,659,506 | 1,802,923,480 | 24,054,328 | 148,570,057 | 5,369,632 | 1,235,273,324 | 171,613,285 | 9,853,708,846 | 15,166,891 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 2,212,771 | 63,370,606 | 104,231,373 | 3,200,856 | 3,471,890 | 1,027,148 | 64,355,505 | 7,182,252 | 346,003,039 | 2,160,603 | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | 3,078,364 | — | 2,371 | 497,942 | — | — | — | — | 10,816 | ||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | 396 | — | 2,415 | — | 11,065 | — | 487 | — | ||||||||||||||||||||||||||||||
Distributions payable | 516,617 | 16,636,885 | 14,573,775 | 397,094 | 1,452,487 | 51,275 | 9,599,842 | 539,096 | 94,238,365 | 226,050 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 37,675 | 398,767 | 489,862 | 6,027 | 41,494 | 1,278 | 342,742 | 69,991 | 2,813,534 | 4,471 | ||||||||||||||||||||||||||||||
Deferred foreign taxes payable | 5,150 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 161 | 3,781 | 2,233 | 47 | 159 | 7 | 2,030 | 310 | 16,538 | 27 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 2,772,374 | 83,488,403 | 119,297,639 | 3,606,395 | 5,466,387 | 1,079,708 | 74,311,184 | 7,791,649 | 443,071,963 | 2,401,967 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 89,250,063 | $ | 1,892,171,103 | $ | 1,683,625,841 | $ | 20,447,933 | $ | 143,103,670 | $ | 4,289,924 | $ | 1,160,962,140 | $ | 163,821,636 | $ | 9,410,636,883 | $ | 12,764,924 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 131,072,864 | $ | 2,045,882,578 | $ | 2,537,283,045 | $ | 110,796,966 | $ | 187,238,504 | $ | 4,377,358 | $ | 1,602,882,909 | $ | 211,737,504 | $ | 8,487,242,705 | $ | 11,282,981 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 77,395 | 316,983 | (900,919 | ) | (1,601 | ) | (157,455 | ) | 93 | (167,109 | ) | 38,272 | (7,646,129 | ) | (970 | ) | ||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (33,649,728 | ) | (332,490,936 | ) | (826,464,162 | ) | (86,904,881 | ) | (43,906,770 | ) | (969,166 | ) | (393,274,734 | ) | (43,255,937 | ) | (33,087,933 | ) | 21,328 | |||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $5,150, $0, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | (8,255,247 | ) | 178,462,478 | (26,292,123 | ) | (3,442,551 | ) | (70,609 | ) | 881,639 | (48,478,926 | ) | (4,698,203 | ) | 964,128,240 | 1,461,585 | ||||||||||||||||||||||||
Foreign currency | 4,779 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 89,250,063 | $ | 1,892,171,103 | $ | 1,683,625,841 | $ | 20,447,933 | $ | 143,103,670 | $ | 4,289,924 | $ | 1,160,962,140 | $ | 163,821,636 | $ | 9,410,636,883 | $ | 12,764,924 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 55.76 | $ | 72.97 | $ | 23.81 | $ | 34.08 | $ | 44.03 | $ | 42.90 | $ | 27.97 | $ | 68.26 | $ | 58.12 | $ | 63.82 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 1,600,583 | 25,931,892 | 70,702,118 | 600,000 | 3,250,000 | 100,000 | 41,502,585 | 2,400,108 | 161,903,658 | 200,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 97,097,242 | $ | 1,707,566,815 | $ | 1,702,393,139 | $ | 22,963,111 | $ | 143,035,658 | $ | 3,372,398 | $ | 1,208,074,766 | $ | 168,236,395 | $ | 7,926,979,595 | $ | 11,270,406 | ||||||||||||||||||||
Affiliated issuers | 2,815,492 | 83,464,543 | 125,186,980 | 4,474,275 | 5,460,558 | 1,110,924 | 74,167,291 | 8,004,595 | 948,898,533 | 2,418,515 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 99,912,734 | $ | 1,791,031,358 | $ | 1,827,580,119 | $ | 27,437,386 | $ | 148,496,216 | $ | 4,483,322 | $ | 1,282,242,057 | $ | 176,240,990 | $ | 8,875,878,128 | $ | 13,688,921 | ||||||||||||||||||||
Foreign currency, at cost | $ | 59,150 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 2,343,152 | $ | 62,405,151 | $ | 102,347,695 | $ | 3,163,080 | $ | 3,429,939 | $ | 1,019,096 | $ | 63,269,943 | $ | 7,285,778 | $ | 343,763,123 | $ | 2,144,544 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
December 31, 2012 (Unaudited)
SPDR S&P Health | SPDR S&P Health | |||||||||||||||||||||||||||||||||||||||
SPDR S&P Biotech | Care Equipment | Care Services | SPDR S&P Homebuilders | SPDR S&P Metals & Mining | SPDR S&P Oil & Gas Equipment & Services | SPDR S&P Oil & Gas Exploration & Production | SPDR S&P Pharmaceuticals | SPDR S&P Retail | SPDR S&P Semiconductor | |||||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 628,603,802 | $ | 19,612,207 | $ | 13,212,163 | $ | 1,888,970,257 | $ | 979,054,081 | $ | 276,128,447 | $ | 709,194,951 | $ | 307,281,289 | $ | 584,171,296 | $ | 33,802,906 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 105,620,984 | 391,182 | 3,150,585 | 493,386,070 | 125,135,225 | 26,851,751 | 54,619,806 | 18,054,605 | 41,676,359 | 5,294,368 | ||||||||||||||||||||||||||||||
Total Investments | 734,224,786 | 20,003,389 | 16,362,748 | 2,382,356,327 | 1,104,189,306 | 302,980,198 | 763,814,757 | 325,335,894 | 625,847,655 | 39,097,274 | ||||||||||||||||||||||||||||||
Cash | — | — | — | — | 182,467 | — | — | — | 47,766 | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | — | — | — | — | — | — | — | — | — | 8,661 | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | 151 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Dividends receivable — unaffiliated issuers | — | 11,567 | 5,019 | 101,608 | 579,896 | 26,519 | 12,984 | 143,966 | 463,453 | — | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 345,333 | 18 | 516 | 75,802 | 194,638 | 48,339 | 161,000 | 29,769 | 82,275 | 4,897 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 734,570,270 | 20,014,974 | 16,368,283 | 2,382,533,737 | 1,105,146,307 | 303,055,056 | 763,988,741 | 325,509,629 | 626,441,149 | 39,110,832 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 103,798,412 | — | 2,588,064 | 166,166,781 | 84,515,039 | 25,057,867 | 47,691,332 | 16,404,186 | 34,189,684 | 5,121,367 | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | — | — | — | — | — | — | — | — | 17,699 | ||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | — | 5,906 | 4,527 | — | 2,476 | — | 926 | — | ||||||||||||||||||||||||||||||
Distributions payable | 1,366,189 | 356,008 | 506,104 | 6,708,605 | 4,719,130 | 844,654 | 5,022,805 | 1,351,075 | 5,811,347 | 109,982 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 188,775 | 5,901 | 3,860 | 647,967 | 296,847 | 80,588 | 230,590 | 96,444 | 185,485 | 10,172 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 1,251 | 38 | 17 | 2,038 | 990 | 510 | 1,327 | 895 | 1,310 | 71 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 105,354,627 | 361,947 | 3,098,045 | 173,531,297 | 89,536,533 | 25,983,619 | 52,948,530 | 17,852,600 | 40,188,752 | 5,259,291 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 629,215,643 | $ | 19,653,027 | $ | 13,270,238 | $ | 2,209,002,440 | $ | 1,015,609,774 | $ | 277,071,437 | $ | 711,040,211 | $ | 307,657,029 | $ | 586,252,397 | $ | 33,851,541 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 863,434,191 | $ | 19,801,723 | $ | 12,562,276 | $ | 2,287,595,567 | $ | 1,849,867,894 | $ | 403,204,650 | $ | 1,181,308,933 | $ | 314,725,501 | $ | 762,133,629 | $ | 76,528,714 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 29,067 | (311 | ) | (12,432 | ) | (581,234 | ) | (679,443 | ) | 15,662 | (684,490 | ) | (22,647 | ) | 189,105 | (2,820 | ) | |||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | (210,079,765 | ) | (132,357 | ) | (9,115 | ) | (260,425,060 | ) | (591,106,984 | ) | (94,136,193 | ) | (295,180,466 | ) | 1,223,036 | (98,778,961 | ) | (39,234,531 | ) | |||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (24,167,850 | ) | (16,028 | ) | 729,509 | 182,413,167 | (242,471,693 | ) | (32,012,682 | ) | (174,403,766 | ) | (8,268,861 | ) | (77,291,376 | ) | (3,439,822 | ) | ||||||||||||||||||||||
NET ASSETS | $ | 629,215,643 | $ | 19,653,027 | $ | 13,270,238 | $ | 2,209,002,440 | $ | 1,015,609,774 | $ | 277,071,437 | $ | 711,040,211 | $ | 307,657,029 | $ | 586,252,397 | $ | 33,851,541 | ||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 88.00 | $ | 56.15 | $ | 66.35 | $ | 26.60 | $ | 45.14 | $ | 34.63 | $ | 54.07 | $ | 55.94 | $ | 62.37 | $ | 45.14 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 7,150,000 | 350,000 | 200,000 | 83,050,016 | 22,500,230 | 8,000,000 | 13,150,000 | 5,500,135 | 9,400,113 | 750,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 652,771,652 | $ | 19,628,235 | $ | 12,482,654 | $ | 1,718,104,029 | $ | 1,195,775,372 | $ | 308,141,129 | $ | 883,598,717 | $ | 315,550,150 | $ | 661,462,672 | $ | 37,242,728 | ||||||||||||||||||||
Affiliated issuers | 105,620,984 | 391,182 | 3,150,585 | 481,839,131 | 150,885,627 | 26,851,751 | 54,619,806 | 18,054,605 | 41,676,359 | 5,294,368 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 758,392,636 | $ | 20,019,417 | $ | 15,633,239 | $ | 2,199,943,160 | $ | 1,346,660,999 | $ | 334,992,880 | $ | 938,218,523 | $ | 333,604,755 | $ | 703,139,031 | $ | 42,537,096 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 102,023,582 | $ | — | $ | 2,560,719 | $ | 168,185,147 | $ | 92,360,734 | $ | 25,206,912 | $ | 50,632,519 | $ | 16,164,558 | $ | 35,328,421 | $ | 5,095,157 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
December 31, 2012 (Unaudited)
SPDR S&P | ||||||||||||||||||||||||
1500 | ||||||||||||||||||||||||
SPDR S&P Software & Services | SPDR S&P Telecom | SPDR S&P Transportation | SPDR S&P 1500 Momentum | Value | SPDR Wells Fargo Preferred | |||||||||||||||||||
ETF | ETF | ETF | Tilt ETF | Tilt ETF | Stock ETF | |||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 12,472,431 | $ | 4,533,082 | $ | 13,428,824 | $ | 6,007,829 | $ | 6,077,579 | $ | 318,241,752 | ||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 3,830,979 | 121,249 | 95,189 | 48,794 | 54,834 | 30,195,410 | ||||||||||||||||||
Total Investments | 16,303,410 | 4,654,331 | 13,524,013 | 6,056,623 | 6,132,413 | 348,437,162 | ||||||||||||||||||
Cash | 84,768 | — | — | — | 215 | 73,640 | ||||||||||||||||||
Receivable for investments sold | — | — | — | — | 3 | 8,153,579 | ||||||||||||||||||
Dividends receivable — unaffiliated issuers | 2,625 | 3,666 | 2,881 | 7,202 | 6,151 | 897,648 | ||||||||||||||||||
Dividends receivable — affiliated issuers | 1,792 | 5 | 6 | 25 | 47 | 26,157 | ||||||||||||||||||
TOTAL ASSETS | 16,392,595 | 4,658,002 | 13,526,900 | 6,063,850 | 6,138,829 | 357,588,186 | ||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||
Payable upon return of securities loaned | 3,345,124 | — | — | — | — | 21,709,108 | ||||||||||||||||||
Payable for investments purchased | 165,237 | — | — | — | — | 8,185,445 | ||||||||||||||||||
Due to custodian | — | — | — | 23 | — | — | ||||||||||||||||||
Payable for fund shares repurchased | — | — | — | — | — | 3,793 | ||||||||||||||||||
Distributions payable | 375,946 | 111,858 | 72,753 | 31,158 | 33,745 | 6,113,357 | ||||||||||||||||||
Accrued advisory fee (Note 3) | 4,302 | 1,348 | 3,919 | 1,795 | 1,810 | 122,898 | ||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 35 | 7 | 22 | 30 | 30 | 516 | ||||||||||||||||||
TOTAL LIABILITIES | 3,890,644 | 113,213 | 76,694 | 33,006 | 35,585 | 36,135,117 | ||||||||||||||||||
NET ASSETS | $ | 12,501,951 | $ | 4,544,789 | $ | 13,450,206 | $ | 6,030,844 | $ | 6,103,244 | $ | 321,453,069 | ||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 12,125,757 | $ | 6,500,040 | $ | 13,396,390 | $ | 6,000,000 | $ | 6,000,000 | $ | 323,944,858 | ||||||||||||
Undistributed (distribution in excess of) net investment income | (599 | ) | (45,902 | ) | (435 | ) | (1,530 | ) | (1,927 | ) | (1,086,902 | ) | ||||||||||||
Accumulated net realized gain (loss) on investments | 163,784 | (1,195,753 | ) | (747,284 | ) | 1,459 | 1,629 | (4,831,727 | ) | |||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investments | 213,009 | (713,596 | ) | 801,535 | 30,915 | 103,542 | 3,426,840 | |||||||||||||||||
NET ASSETS | $ | 12,501,951 | $ | 4,544,789 | $ | 13,450,206 | $ | 6,030,844 | $ | 6,103,244 | $ | 321,453,069 | ||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||
Net asset value per share | $ | 62.51 | $ | 45.45 | $ | 53.80 | $ | 60.31 | $ | 61.03 | $ | 44.96 | ||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 200,000 | 100,000 | 250,000 | 100,000 | 100,000 | 7,150,000 | ||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||
Unaffiliated issuers | $ | 12,259,422 | $ | 5,246,678 | $ | 12,627,289 | $ | 5,977,167 | $ | 5,974,522 | $ | 314,835,286 | ||||||||||||
Affiliated issuers | 3,830,979 | 121,249 | 95,189 | 48,541 | 54,349 | 30,175,036 | ||||||||||||||||||
Total cost of investments | $ | 16,090,401 | $ | 5,367,927 | $ | 12,722,478 | $ | 6,025,708 | $ | 6,028,871 | $ | 345,010,322 | ||||||||||||
* Includes investments in securities on loan, at value | $ | 3,309,201 | $ | — | $ | — | $ | — | $ | — | $ | 21,223,060 | ||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS
For the Six Months Ended December 31, 2012 (Unaudited)
SPDR S&P | ||||||||||||||||||||||||||||||||||||||||
SPDR S&P | SPDR S&P | SPDR S&P | 600 | |||||||||||||||||||||||||||||||||||||
SPDR Dow Jones Total Market | SPDR Dow Jones | SPDR S&P 500 Growth | 500 | SPDR S&P 400 Mid Cap Growth | 400 Mid Cap | 600 | SPDR S&P 600 Small Cap Growth | Small Cap | ||||||||||||||||||||||||||||||||
ETF | Large Cap ETF | ETF | Value ETF | SPDR Dow Jones Mid Cap ETF | ETF | Value ETF | Small Cap ETF | ETF | Value ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 5,282,860 | $ | 540,336 | $ | 2,570,334 | $ | 1,475,223 | $ | 862,478 | $ | 458,266 | $ | 300,195 | $ | 2,275,599 | $ | 1,543,247 | $ | 1,634,844 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 8,574 | 810 | 473 | 4,374 | 196 | 140 | 69 | 470 | 294 | 228 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 51,365 | 6,696 | 9,203 | 10,587 | 29,533 | 20,146 | 9,629 | 108,274 | 119,232 | 41,477 | ||||||||||||||||||||||||||||||
Foreign taxes withheld | (46 | ) | (517 | ) | (3,043 | ) | (1,276 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 5,342,753 | 547,325 | 2,576,967 | 1,488,908 | 892,207 | 478,552 | 309,893 | 2,384,343 | 1,662,773 | 1,676,549 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 432,750 | 43,280 | 228,706 | 104,916 | 92,942 | 78,894 | 29,022 | 203,978 | 202,074 | 167,332 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 4,225 | 501 | 2,695 | 1,423 | 871 | 760 | 293 | 1,899 | 1,884 | 1,564 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | 59 | — | 76 | — | 59 | — | — | — | — | — | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 437,034 | 43,781 | 231,477 | 106,339 | 93,872 | 79,654 | 29,315 | 205,877 | 203,958 | 168,896 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 4,905,719 | 503,544 | 2,345,490 | 1,382,569 | 798,335 | 398,898 | 280,578 | 2,178,466 | 1,458,815 | 1,507,653 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 6,365,490 | (91,065 | ) | 7,827,112 | (3,052,753 | ) | 362,942 | (593,464 | ) | 1,646,088 | 421,062 | (2,284,998 | ) | 9,259,236 | ||||||||||||||||||||||||||
Investments in securities of affiliated issuers | 52 | (3,189 | ) | — | 397 | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Foreign currency transactions | — | 751 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 14,323,030 | 2,084,903 | (1,333,859 | ) | 9,761,370 | 5,503,496 | 5,482,101 | 163,021 | 12,365,927 | 8,635,898 | 2,186,010 | |||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 20,688,572 | 1,991,400 | 6,493,253 | 6,709,014 | 5,866,438 | 4,888,637 | 1,809,109 | 12,786,989 | 6,350,900 | 11,445,246 | ||||||||||||||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 25,594,291 | $ | 2,494,944 | $ | 8,838,743 | $ | 8,091,583 | $ | 6,664,773 | $ | 5,287,535 | $ | 2,089,687 | $ | 14,965,455 | $ | 7,809,715 | $ | 12,952,899 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
SPDR Morgan | ||||||||||||||||||||||||||||||||||||||||
SPDR S&P Capital | SPDR S&P Mortgage | SPDR S&P Regional | Stanley | |||||||||||||||||||||||||||||||||||||
SPDR Dow Jones | SPDR S&P | Markets | SPDR S&P Insurance | Finance | Banking | Technology | SPDR S&P Dividend | SPDR S&P Aerospace & Defense | ||||||||||||||||||||||||||||||||
SPDR Global Dow ETF | REIT ETF | Bank ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 1,163,881 | $ | 35,532,928 | $ | 21,913,503 | $ | 488,545 | $ | 1,739,928 | $ | 75,308 | $ | 16,565,415 | $ | 1,153,889 | $ | 159,644,547 | $ | 207,922 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 78 | 2,431 | 3,787 | 5,971 | 205 | 14 | 2,670 | 280 | 18,517,191 | 47 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 20,750 | 107,614 | 112,050 | 13,711 | 8,043 | 1,252 | 154,924 | 39,041 | 1,948,290 | 7,170 | ||||||||||||||||||||||||||||||
Foreign taxes withheld | (48,085 | ) | — | — | — | — | — | (9,513 | ) | (9,257 | ) | — | — | |||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 1,136,624 | 35,642,973 | 22,029,340 | 508,227 | 1,748,176 | 76,574 | 16,713,496 | 1,183,953 | 180,110,028 | 215,139 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 227,844 | 2,468,536 | 2,741,436 | 36,204 | 199,975 | 7,244 | 2,127,228 | 420,202 | 16,442,329 | 26,592 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 1,148 | 23,143 | 17,348 | 332 | 1,321 | 45 | 13,091 | 2,112 | 108,205 | 138 | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 228,992 | 2,491,679 | 2,758,784 | 36,536 | 201,296 | 7,289 | 2,140,319 | 422,314 | 16,550,534 | 26,730 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 907,632 | 33,151,294 | 19,270,556 | 471,691 | 1,546,880 | 69,285 | 14,573,177 | 761,639 | 163,559,494 | 188,409 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (3,753,809 | ) | 32,614,621 | 38,654,214 | (2,605,882 | ) | 2,677,233 | 99,336 | 34,727,203 | 11,614,666 | 146,547,500 | 733,097 | ||||||||||||||||||||||||||||
Investments in securities of affiliated issuers | — | — | — | (138,482 | ) | — | — | — | — | (59,460,872 | ) | — | ||||||||||||||||||||||||||||
Foreign currency transactions | (2,885 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $5,150, $0, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | 11,066,129 | (33,346,372 | ) | 69,313,401 | 4,069,701 | 6,332,489 | 326,893 | (19,296,462 | ) | (862,953 | ) | 317,980,264 | 585,719 | |||||||||||||||||||||||||||
Foreign currency transactions | 6,507 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 7,315,942 | (731,751 | ) | 107,967,615 | 1,325,337 | 9,009,722 | 426,229 | 15,430,741 | 10,751,713 | 405,066,892 | 1,318,816 | |||||||||||||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 8,223,574 | $ | 32,419,543 | $ | 127,238,171 | $ | 1,797,028 | $ | 10,556,602 | $ | 495,514 | $ | 30,003,918 | $ | 11,513,352 | $ | 568,626,386 | $ | 1,507,225 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
SPDR S&P Health | SPDR S&P Health | |||||||||||||||||||||||||||||||||||||||
SPDR S&P Biotech | Care Equipment | Care Services | SPDR S&P Homebuilders | SPDR S&P Metals & Mining | SPDR S&P Oil & Gas Equipment & Services | SPDR S&P Oil & Gas Exploration & Production | SPDR S&P Pharmaceuticals | SPDR S&P Retail | SPDR S&P Semiconductor | |||||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 1,033,605 | $ | 91,019 | $ | 107,909 | $ | 10,270,762 | $ | 7,700,458 | $ | 1,373,501 | $ | 6,875,525 | $ | 6,274,984 | $ | 8,669,100 | $ | 194,940 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 878 | 76 | 47 | 972,024 | 1,763 | 468 | 1,798 | 1,010 | 1,570 | 37 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 1,530,001 | — | 2,998 | 497,393 | 668,495 | 455,892 | 1,214,982 | 213,313 | 960,703 | 28,691 | ||||||||||||||||||||||||||||||
Foreign taxes withheld | — | (6 | ) | — | — | — | (4,858 | ) | — | — | — | — | ||||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 2,564,484 | 91,089 | 110,954 | 11,740,179 | 8,370,716 | 1,825,003 | 8,092,305 | 6,489,307 | 9,631,373 | 223,668 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 1,159,676 | 34,942 | 17,683 | 3,176,638 | 1,582,029 | 506,536 | 1,504,583 | 725,453 | 1,260,464 | 61,857 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 7,484 | 253 | 96 | 16,074 | 8,975 | 3,728 | 10,478 | 4,970 | 8,939 | 517 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | 2,068 | — | — | — | — | — | — | — | 17,176 | — | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 1,169,228 | 35,195 | 17,779 | 3,192,712 | 1,591,004 | 510,264 | 1,515,061 | 730,423 | 1,286,579 | 62,374 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 1,395,256 | 55,894 | 93,175 | 8,547,467 | 6,779,712 | 1,314,739 | 6,577,244 | 5,758,884 | 8,344,794 | 161,294 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 60,034,079 | 664,695 | 915,846 | 143,654,761 | (44,590,492 | ) | 4,064,437 | 42,162,182 | 52,257,485 | 41,525,989 | (3,176,792 | ) | ||||||||||||||||||||||||||||
Investments in securities of affiliated issuers | — | — | — | 21,805,910 | 99,860 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (72,186,838 | ) | (1,067,138 | ) | 179,407 | 180,692,217 | 96,501,594 | 29,213,121 | 22,329,893 | (76,467,030 | ) | 4,229,057 | 3,661,465 | |||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | (12,152,759 | ) | (402,443 | ) | 1,095,253 | 346,152,888 | 52,010,962 | 33,277,558 | 64,492,075 | (24,209,545 | ) | 45,755,046 | 484,673 | |||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (10,757,503 | ) | $ | (346,549 | ) | $ | 1,188,428 | $ | 354,700,355 | $ | 58,790,674 | $ | 34,592,297 | $ | 71,069,319 | $ | (18,450,661 | ) | $ | 54,099,840 | $ | 645,967 | |||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
SPDR S&P | ||||||||||||||||||||||||
1500 | ||||||||||||||||||||||||
Value | ||||||||||||||||||||||||
SPDR S&P Software & Services | SPDR S&P Telecom | SPDR S&P Transportation | SPDR S&P 1500 Momentum | Tilt | SPDR Wells Fargo Preferred | |||||||||||||||||||
ETF | ETF | ETF | Tilt ETF (1) | ETF (1) | Stock ETF | |||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 169,473 | $ | 84,213 | $ | 104,973 | $ | 33,665 | $ | 35,720 | $ | 9,946,047 | ||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 57 | 14 | 26 | 27 | 49 | 35,804 | ||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 10,632 | — | — | — | — | 168,486 | ||||||||||||||||||
Foreign taxes withheld | — | — | — | (132 | ) | — | — | |||||||||||||||||
TOTAL INVESTMENT INCOME | 180,162 | 84,227 | 104,999 | 33,560 | 35,769 | 10,150,337 | ||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||
Advisory fee (Note 3) | 29,031 | 7,661 | 21,796 | 3,902 | 3,920 | 673,696 | ||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 176 | 62 | 149 | 30 | 31 | 2,940 | ||||||||||||||||||
Miscellaneous expenses | — | — | — | — | — | 1,331 | ||||||||||||||||||
TOTAL EXPENSES | 29,207 | 7,723 | 21,945 | 3,932 | 3,951 | 677,967 | ||||||||||||||||||
NET INVESTMENT INCOME | 150,955 | 76,504 | 83,054 | 29,628 | 31,818 | 9,472,370 | ||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||
Investments | 1,424,526 | (82,705 | ) | 391,144 | 1,459 | 1,629 | 1,218,567 | |||||||||||||||||
Investments in securities of affiliated issuers | — | — | — | — | — | (1,164 | ) | |||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investments | (640,770 | ) | 559,043 | 614,102 | 30,915 | 103,542 | (2,092,482 | ) | ||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | 783,756 | 476,338 | 1,005,246 | 32,374 | 105,171 | (875,079 | ) | |||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 934,711 | $ | 552,842 | $ | 1,088,300 | $ | 62,002 | $ | 136,989 | $ | 8,597,291 | ||||||||||||
(1) | For the period October 24, 2012 (commencement of operations) to December 31, 2012. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS
STATEMENTS OF CHANGES IN NET ASSETS
SPDR Dow Jones Total Market ETF | SPDR Dow Jones Large Cap ETF | SPDR S&P 500 Growth ETF | SPDR S&P 500 Value ETF | SPDR Dow Jones Mid Cap ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 4,905,719 | $ | 4,130,807 | $ | 503,544 | $ | 752,127 | $ | 2,345,490 | $ | 3,486,473 | $ | 1,382,569 | $ | 3,540,651 | $ | 798,335 | $ | 919,986 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 6,365,542 | 9,123,087 | (93,503 | ) | 5,348,946 | 7,827,112 | (2,701,457 | ) | (3,052,356 | ) | 16,647,674 | 362,942 | 3,631,649 | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 14,323,030 | (8,786,745 | ) | 2,084,903 | (4,297,173 | ) | (1,333,859 | ) | 16,076,175 | 9,761,370 | (15,217,974 | ) | 5,503,496 | (7,492,221 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 25,594,291 | 4,467,149 | 2,494,944 | 1,803,900 | 8,838,743 | 16,861,191 | 8,091,583 | 4,970,351 | 6,664,773 | (2,940,586 | ) | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (46,004 | ) | 449,967 | — | 1,129 | (41,784 | ) | 41,336 | 50,682 | (132,046 | ) | — | 305 | |||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (4,899,695 | ) | (4,394,238 | ) | (525,082 | ) | (729,312 | ) | (2,341,495 | ) | (3,532,003 | ) | (1,635,221 | ) | (3,345,581 | ) | (857,042 | ) | (931,681 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | (555,408 | ) | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (4,899,695 | ) | (4,394,238 | ) | (525,082 | ) | (729,312 | ) | (2,341,495 | ) | (3,532,003 | ) | (1,635,221 | ) | (3,345,581 | ) | (1,412,450 | ) | (931,681 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 261,016,427 | — | 20,974,824 | 6,416,697 | 25,926,694 | 10,569,593 | — | — | 5,697,898 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (15,670,583 | ) | (28,506,737 | ) | — | (17,865,138 | ) | (16,098,016 | ) | (12,300,602 | ) | — | (75,222,569 | ) | — | (11,260,897 | ) | |||||||||||||||||||||||
Net income equalization (Note 2) | 46,004 | (449,967 | ) | — | (1,129 | ) | 41,784 | (41,336 | ) | (50,682 | ) | 132,046 | — | (305 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (15,624,579 | ) | 232,059,723 | — | 3,108,557 | (9,639,535 | ) | 13,584,756 | 10,518,911 | (75,090,523 | ) | — | (5,563,304 | ) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 5,024,013 | 232,582,601 | 1,969,862 | 4,184,274 | (3,184,071 | ) | 26,955,280 | 17,025,955 | (73,597,799 | ) | 5,252,323 | (9,435,266 | ) | |||||||||||||||||||||||||||
Net assets at beginning of period | 426,108,609 | 193,526,008 | 41,437,094 | 37,252,820 | 219,540,919 | 192,585,639 | 98,120,058 | 171,717,857 | 70,893,239 | 80,328,505 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 431,132,622 | $ | 426,108,609 | $ | 43,406,956 | $ | 41,437,094 | $ | 216,356,848 | $ | 219,540,919 | $ | 115,146,013 | $ | 98,120,058 | $ | 76,145,562 | $ | 70,893,239 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | 2,550,000 | — | 350,000 | 100,000 | 450,000 | 150,000 | — | — | 100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (150,000 | ) | (300,000 | ) | — | (300,000 | ) | (250,000 | ) | (200,000 | ) | — | (1,100,000 | ) | — | (200,000 | ) | |||||||||||||||||||||||
Net increase (decrease) | (150,000 | ) | 2,250,000 | — | 50,000 | (150,000 | ) | 250,000 | 150,000 | (1,100,000 | ) | — | (100,000 | ) | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 11,605 | $ | 5,581 | $ | (4,764 | ) | $ | 16,774 | $ | 4,644 | $ | 649 | $ | (104,908 | ) | $ | 147,744 | $ | (58,707 | ) | $ | — | |||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P 400 Mid Cap Growth ETF | SPDR S&P 400 Mid Cap Value ETF | SPDR S&P 600 Small Cap ETF | SPDR S&P 600 Small Cap Growth ETF | SPDR S&P 600 Small Cap Value ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 398,898 | $ | 411,665 | $ | 280,578 | $ | 448,760 | $ | 2,178,466 | $ | 1,311,322 | $ | 1,458,815 | $ | 1,311,179 | $ | 1,507,653 | $ | 1,911,676 | ||||||||||||||||||||
Net realized gain (loss) on investments | (593,464 | ) | (629,729 | ) | 1,646,088 | 824,768 | 421,062 | 1,627,774 | (2,284,998 | ) | (3,273,099 | ) | 9,259,236 | 2,042,553 | ||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 5,482,101 | (3,141,012 | ) | 163,021 | (1,066,207 | ) | 12,365,927 | (3,156,642 | ) | 8,635,898 | (958,799 | ) | 2,186,010 | (5,568,215 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 5,287,535 | (3,359,076 | ) | 2,089,687 | 207,321 | 14,965,455 | (217,546 | ) | 7,809,715 | (2,920,719 | ) | 12,952,899 | (1,613,986 | ) | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 7,103 | (12,015 | ) | — | (15,419 | ) | 17,699 | 199,599 | 26,309 | (26,184 | ) | (44,447 | ) | (62,686 | ) | |||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (415,503 | ) | (452,506 | ) | (307,477 | ) | (441,443 | ) | (2,255,118 | ) | (1,491,547 | ) | (1,485,333 | ) | (1,421,931 | ) | (1,611,847 | ) | (1,915,201 | ) | ||||||||||||||||||||
Total distributions to shareholders | (415,503 | ) | (452,506 | ) | (307,477 | ) | (441,443 | ) | (2,255,118 | ) | (1,491,547 | ) | (1,485,333 | ) | (1,421,931 | ) | (1,611,847 | ) | (1,915,201 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 4,205,825 | 7,274,294 | — | 4,846,941 | 33,111,093 | 113,978,100 | 19,012,813 | 10,339,216 | 7,105,807 | 25,390,475 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (3,932,992 | ) | (14,656,114 | ) | — | (5,269,214 | ) | — | (6,479,908 | ) | (12,275,270 | ) | (42,075,299 | ) | (7,811,300 | ) | (25,509,619 | ) | ||||||||||||||||||||||
Net income equalization (Note 2) | (7,103 | ) | 12,015 | — | 15,419 | (17,699 | ) | (199,599 | ) | (26,309 | ) | 26,184 | 44,447 | 62,686 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 265,730 | (7,369,805 | ) | — | (406,854 | ) | 33,093,394 | 107,298,593 | 6,711,234 | (31,709,899 | ) | (661,046 | ) | (56,458 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 5,144,865 | (11,193,402 | ) | 1,782,210 | (656,395 | ) | 45,821,430 | 105,789,099 | 13,061,925 | (36,078,733 | ) | 10,635,559 | (3,648,331 | ) | ||||||||||||||||||||||||||
Net assets at beginning of period | 62,947,095 | 74,140,497 | 22,214,526 | 22,870,921 | 183,382,053 | 77,592,954 | 151,353,531 | 187,432,264 | 121,200,811 | 124,849,142 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 68,091,960 | $ | 62,947,095 | $ | 23,996,736 | $ | 22,214,526 | $ | 229,203,483 | $ | 183,382,053 | $ | 164,415,456 | $ | 151,353,531 | $ | 131,836,370 | $ | 121,200,811 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 50,000 | 100,000 | — | 100,000 | 450,000 | 1,600,000 | 150,000 | 100,000 | 100,000 | 350,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (50,000 | ) | (200,000 | ) | — | (100,000 | ) | — | (100,000 | ) | (100,000 | ) | (400,000 | ) | (100,000 | ) | (400,000 | ) | ||||||||||||||||||||||
Net increase (decrease) | — | (100,000 | ) | — | — | 450,000 | 1,500,000 | 50,000 | (300,000 | ) | — | (50,000 | ) | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (16,605 | ) | $ | — | $ | (19,582 | ) | $ | 7,317 | $ | (76,652 | ) | $ | — | $ | (26,548 | ) | $ | (30 | ) | $ | (102,153 | ) | $ | 2,041 | ||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Global Dow ETF | SPDR Dow Jones REIT ETF | SPDR S&P Bank ETF | SPDR S&P Capital Markets ETF | SPDR S&P Insurance ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 907,632 | $ | 2,531,741 | $ | 33,151,294 | $ | 41,426,732 | $ | 19,270,556 | $ | 25,373,194 | $ | 471,691 | $ | 817,644 | $ | 1,546,880 | $ | 2,336,093 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (3,756,694 | ) | (3,335,452 | ) | 32,614,621 | 24,684,854 | 38,654,214 | (309,216,318 | ) | (2,744,364 | ) | (23,649,554 | ) | 2,677,233 | (24,332,654 | ) | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 11,072,636 | (15,594,251 | ) | (33,346,372 | ) | 133,961,050 | 69,313,401 | 140,087,935 | 4,069,701 | 13,837,420 | 6,332,489 | 13,606,264 | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 8,223,574 | (16,397,962 | ) | 32,419,543 | 200,072,636 | 127,238,171 | (143,755,189 | ) | 1,797,028 | (8,994,490 | ) | 10,556,602 | (8,390,297 | ) | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (31,995 | ) | (75,487 | ) | (421,359 | ) | 698,627 | 913,805 | (1,430,145 | ) | (10,389 | ) | (98,339 | ) | 139,731 | (170,856 | ) | |||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (897,054 | ) | (2,227,067 | ) | (32,834,160 | ) | (51,476,711 | ) | (22,116,195 | ) | (24,865,506 | ) | (547,680 | ) | (860,313 | ) | (1,955,242 | ) | (2,097,855 | ) | ||||||||||||||||||||
Total distributions to shareholders | (897,054 | ) | (2,227,067 | ) | (32,834,160 | ) | (51,476,711 | ) | (22,116,195 | ) | (24,865,506 | ) | (547,680 | ) | (860,313 | ) | (1,955,242 | ) | (2,097,855 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | — | 136,924,961 | 501,811,785 | 819,048,716 | 3,384,569,461 | 35,455,221 | 71,684,881 | 105,348,138 | 500,701,017 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (10,279,815 | ) | (37,957,764 | ) | (204,091,024 | ) | (247,741,681 | ) | (691,175,245 | ) | (3,449,976,308 | ) | (39,520,117 | ) | (107,693,287 | ) | (64,543,990 | ) | (611,411,776 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | 31,995 | 75,487 | 421,359 | (698,627 | ) | (913,805 | ) | 1,430,145 | 10,389 | 98,339 | (139,731 | ) | 170,856 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (10,247,820 | ) | (37,882,277 | ) | (66,744,704 | ) | 253,371,477 | 126,959,666 | (63,976,702 | ) | (4,054,507 | ) | (35,910,067 | ) | 40,664,417 | (110,539,903 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (2,953,295 | ) | (56,582,793 | ) | (67,580,680 | ) | 402,666,029 | 232,995,447 | (234,027,542 | ) | (2,815,548 | ) | (45,863,209 | ) | 49,405,508 | (121,198,911 | ) | |||||||||||||||||||||||
Net assets at beginning of period | 92,203,358 | 148,786,151 | 1,959,751,783 | 1,557,085,754 | 1,450,630,394 | 1,684,657,936 | 23,263,481 | 69,126,690 | 93,698,162 | 214,897,073 | ||||||||||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 89,250,063 | $ | 92,203,358 | $ | 1,892,171,103 | $ | 1,959,751,783 | $ | 1,683,625,841 | $ | 1,450,630,394 | $ | 20,447,933 | $ | 23,263,481 | $ | 143,103,670 | $ | 93,698,162 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | — | 1,850,000 | 7,450,000 | 34,750,000 | 166,350,000 | 1,150,000 | 2,450,000 | 2,450,000 | 13,650,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (200,000 | ) | (700,000 | ) | (2,800,000 | ) | (3,950,000 | ) | (29,850,000 | ) | (170,750,000 | ) | (1,300,000 | ) | (3,650,000 | ) | (1,500,000 | ) | (16,500,000 | ) | ||||||||||||||||||||
Net increase (decrease) | (200,000 | ) | (700,000 | ) | (950,000 | ) | 3,500,000 | 4,900,000 | (4,400,000 | ) | (150,000 | ) | (1,200,000 | ) | 950,000 | (2,850,000 | ) | |||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 77,395 | $ | 66,817 | $ | 316,983 | $ | (151 | ) | $ | (900,919 | ) | $ | 1,944,720 | $ | (1,601 | ) | $ | 74,388 | $ | (157,455 | ) | $ | 250,907 | ||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P Mortgage Finance ETF | SPDR S&P Regional Banking ETF | SPDR Morgan Stanley Technology ETF | SPDR S&P Dividend ETF | SPDR S&P Aerospace & Defense ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | For the Period | |||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | 9/28/11*- | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 69,285 | $ | 76,410 | $ | 14,573,177 | $ | 13,593,141 | $ | 761,639 | $ | 1,384,381 | $ | 163,559,494 | $ | 261,591,734 | $ | 188,409 | $ | 99,854 | ||||||||||||||||||||
Net realized gain (loss) on investments | 99,336 | (961,018 | ) | 34,727,203 | (8,137,780 | ) | 11,614,666 | (5,802,619 | ) | 87,086,628 | 245,169,450 | 733,097 | 202,475 | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 326,893 | 987,906 | (19,296,462 | ) | 76,282,609 | (862,953 | ) | (1,371,092 | ) | 317,980,264 | 99,034,538 | 585,719 | 875,866 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 495,514 | 103,298 | 30,003,918 | 81,737,970 | 11,513,352 | (5,789,330 | ) | 568,626,386 | 605,795,722 | 1,507,225 | 1,178,195 | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | 90,550 | 645,878 | (22,995 | ) | (23,994 | ) | (252,384 | ) | 8,633,086 | 1,165 | (339 | ) | ||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (72,387 | ) | (74,216 | ) | (15,089,503 | ) | (14,745,467 | ) | (723,338 | ) | (1,408,564 | ) | (171,205,623 | ) | (269,726,465 | ) | (189,379 | ) | (100,392 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | (85,206 | ) | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (72,387 | ) | (74,216 | ) | (15,089,503 | ) | (14,745,467 | ) | (723,338 | ) | (1,408,564 | ) | (171,205,623 | ) | (269,726,465 | ) | (274,585 | ) | (100,392 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | — | 1,221,843,617 | 3,325,683,791 | 3,269,171 | 15,551,641 | 373,461,177 | 3,804,836,094 | — | 16,145,781 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | — | (1,243,448,847 | ) | (2,783,712,798 | ) | (16,890,687 | ) | (47,819,613 | ) | (483,552,500 | ) | (999,839,688 | ) | (3,198,676 | ) | (2,492,624 | ) | ||||||||||||||||||||||
Net income equalization (Note 2) | — | — | (90,550 | ) | (645,878 | ) | 22,995 | 23,994 | 252,384 | (8,633,086 | ) | (1,165 | ) | 339 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | — | — | (21,695,780 | ) | 541,325,115 | (13,598,521 | ) | (32,243,978 | ) | (109,838,939 | ) | 2,796,363,320 | (3,199,841 | ) | 13,653,496 | |||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 423,127 | 29,082 | (6,690,815 | ) | 608,963,496 | (2,831,502 | ) | (39,465,866 | ) | 287,329,440 | 3,141,065,663 | (1,966,036 | ) | 14,730,960 | ||||||||||||||||||||||||||
Net assets at beginning of period | 3,866,797 | 3,837,715 | 1,167,652,955 | 558,689,459 | 166,653,138 | 206,119,004 | 9,123,307,443 | 5,982,241,780 | 14,730,960 | — | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 4,289,924 | $ | 3,866,797 | $ | 1,160,962,140 | $ | 1,167,652,955 | $ | 163,821,636 | $ | 166,653,138 | $ | 9,410,636,883 | $ | 9,123,307,443 | $ | 12,764,924 | $ | 14,730,960 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | — | 43,400,000 | 133,600,000 | 50,000 | 250,000 | 6,450,000 | 71,650,000 | — | 300,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | — | (44,600,000 | ) | (112,850,000 | ) | (250,000 | ) | (800,000 | ) | (8,450,000 | ) | (18,400,000 | ) | (50,000 | ) | (50,000 | ) | ||||||||||||||||||||||
Net increase (decrease) | — | — | (1,200,000 | ) | 20,750,000 | (200,000 | ) | (550,000 | ) | (2,000,000 | ) | 53,250,000 | (50,000 | ) | 250,000 | |||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 93 | $ | 3,195 | $ | (167,109 | ) | $ | 349,217 | $ | 38,272 | $ | (29 | ) | $ | (7,646,129 | ) | $ | — | $ | (970 | ) | $ | — | ||||||||||||||||
* | Commencement of operations. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P Biotech ETF | SPDR S&P Health Care Equipment ETF | SPDR S&P Health Care Services ETF | SPDR S&P Homebuilders ETF | SPDR S&P Metals & Mining ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | For the Period | Six Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | 9/28/11*- | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 1,395,256 | $ | (750,375 | ) | $ | 55,894 | $ | 43,324 | $ | 93,175 | $ | 26,248 | $ | 8,547,467 | $ | 12,922,621 | $ | 6,779,712 | $ | 8,544,811 | |||||||||||||||||||
Net realized gain (loss) on investments | 60,034,079 | 68,481,476 | 664,695 | 760,343 | 915,846 | 467,395 | 165,460,671 | 147,157,774 | (44,490,632 | ) | (215,076,622 | ) | ||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (72,186,838 | ) | 9,116,867 | (1,067,138 | ) | 163,732 | 179,407 | 550,102 | 180,692,217 | 30,905,609 | 96,501,594 | (263,538,536 | ) | |||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (10,757,503 | ) | 76,847,968 | (346,549 | ) | 967,399 | 1,188,428 | 1,043,745 | 354,700,355 | 190,986,004 | 58,790,674 | (470,070,347 | ) | |||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (57,821 | ) | 542,426 | (1,676 | ) | (484 | ) | 12,345 | 21 | 624,388 | 637,765 | 623,217 | (402,237 | ) | ||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (1,366,189 | ) | — | (61,226 | ) | (38,785 | ) | (107,573 | ) | (24,282 | ) | (9,128,701 | ) | (13,716,137 | ) | (7,939,982 | ) | (8,231,843 | ) | |||||||||||||||||||||
Net realized gains | — | — | (307,664 | ) | (70,845 | ) | (405,154 | ) | — | — | — | — | — | |||||||||||||||||||||||||||
Total distributions to shareholders | (1,366,189 | ) | — | (368,890 | ) | (109,630 | ) | (512,727 | ) | (24,282 | ) | (9,128,701 | ) | (13,716,137 | ) | (7,939,982 | ) | (8,231,843 | ) | |||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 421,081,185 | 593,826,223 | 3,016,364 | 10,099,145 | 6,619,032 | 11,109,362 | 1,807,546,762 | 3,121,179,045 | 1,447,867,930 | 4,958,888,773 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (421,193,855 | ) | (671,860,849 | ) | (5,566,399 | ) | (7,322,085 | ) | (3,325,986 | ) | (2,827,334 | ) | (1,265,518,014 | ) | (2,751,427,523 | ) | (1,252,788,490 | ) | (4,842,095,682 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | 57,821 | (542,426 | ) | 1,676 | 484 | (12,345 | ) | (21 | ) | (624,388 | ) | (637,765 | ) | (623,217 | ) | 402,237 | ||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (54,849 | ) | (78,577,052 | ) | (2,548,359 | ) | 2,777,544 | 3,280,701 | 8,282,007 | 541,404,360 | 369,113,757 | 194,456,223 | 117,195,328 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (12,236,362 | ) | (1,186,658 | ) | (3,265,474 | ) | 3,634,829 | 3,968,747 | 9,301,491 | 887,600,402 | 547,021,389 | 245,930,132 | (361,509,099 | ) | ||||||||||||||||||||||||||
Net assets at beginning of period | 641,452,005 | 642,638,663 | 22,918,501 | 19,283,672 | 9,301,491 | — | 1,321,402,038 | 774,380,649 | 769,679,642 | 1,131,188,741 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 629,215,643 | $ | 641,452,005 | $ | 19,653,027 | $ | 22,918,501 | $ | 13,270,238 | $ | 9,301,491 | $ | 2,209,002,440 | $ | 1,321,402,038 | $ | 1,015,609,774 | $ | 769,679,642 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 4,650,000 | 8,050,000 | 50,000 | 200,000 | 100,000 | 200,000 | 72,650,000 | 164,100,000 | 33,500,000 | 96,350,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (4,750,000 | ) | (9,600,000 | ) | (100,000 | ) | (150,000 | ) | (50,000 | ) | (50,000 | ) | (51,450,000 | ) | (145,150,000 | ) | (29,550,000 | ) | (94,100,000 | ) | ||||||||||||||||||||
Net increase (decrease) | (100,000 | ) | (1,550,000 | ) | (50,000 | ) | 50,000 | 50,000 | 150,000 | 21,200,000 | 18,950,000 | 3,950,000 | 2,250,000 | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 29,067 | $ | — | $ | (311 | ) | $ | 5,021 | $ | (12,432 | ) | $ | 1,966 | $ | (581,234 | ) | $ | — | $ | (679,443 | ) | $ | 480,827 | ||||||||||||||||
* | Commencement of operations. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P Oil & Gas Equipment & Services ETF | SPDR S&P Oil & Gas Exploration & Production ETF | SPDR S&P Pharmaceuticals ETF | SPDR S&P Retail ETF | SPDR S&P Semiconductor ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 1,314,739 | $ | 1,342,707 | $ | 6,577,244 | $ | 7,117,673 | $ | 5,758,884 | $ | 2,530,766 | $ | 8,344,794 | $ | 7,655,624 | $ | 161,294 | $ | 479,248 | ||||||||||||||||||||
Net realized gain (loss) on investments | 4,064,437 | 4,738,646 | 42,162,182 | (56,699,273 | ) | 52,257,485 | 21,577,201 | 41,525,989 | 63,503,674 | (3,176,792 | ) | (16,775,557 | ) | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 29,213,121 | (117,397,531 | ) | 22,329,893 | (132,972,116 | ) | (76,467,030 | ) | 35,531,916 | 4,229,057 | (52,761,882 | ) | 3,661,465 | (3,936,228 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 34,592,297 | (111,316,178 | ) | 71,069,319 | (182,553,716 | ) | (18,450,661 | ) | 59,639,883 | 54,099,840 | 18,397,416 | 645,967 | (20,232,537 | ) | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (12,700 | ) | (7,603 | ) | 659,351 | 141,307 | (255,106 | ) | 149,285 | (235,334 | ) | 344,544 | (6,148 | ) | (19,156 | ) | ||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (1,316,364 | ) | (1,325,420 | ) | (7,261,734 | ) | (7,389,791 | ) | (5,781,531 | ) | (2,797,862 | ) | (8,155,689 | ) | (7,667,018 | ) | (164,114 | ) | (460,261 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | (419,092 | ) | — | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (1,316,364 | ) | (1,325,420 | ) | (7,261,734 | ) | (7,389,791 | ) | (5,781,531 | ) | (3,216,954 | ) | (8,155,689 | ) | (7,667,018 | ) | (164,114 | ) | (460,261 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 147,575,485 | 262,772,380 | 3,569,115,137 | 9,735,660,439 | 50,612,828 | 263,960,676 | 3,807,490,296 | 14,428,165,620 | 113,613,172 | 287,873,381 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (152,751,801 | ) | (390,608,855 | ) | (3,788,724,295 | ) | (9,272,446,311 | ) | (190,516,642 | ) | (92,888,386 | ) | (3,987,393,571 | ) | (14,266,849,435 | ) | (118,195,259 | ) | (344,070,246 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | 12,700 | 7,603 | (659,351 | ) | (141,307 | ) | 255,106 | (149,285 | ) | 235,334 | (344,544 | ) | 6,148 | 19,156 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (5,163,616 | ) | (127,828,872 | ) | (220,268,509 | ) | 463,072,821 | (139,648,708 | ) | 170,923,005 | (179,667,941 | ) | 160,971,641 | (4,575,939 | ) | (56,177,709 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 28,099,617 | (240,478,073 | ) | (155,801,573 | ) | 273,270,621 | (164,136,006 | ) | 227,495,219 | (133,959,124 | ) | 172,046,583 | (4,100,234 | ) | (76,889,663 | ) | ||||||||||||||||||||||||
Net assets at beginning of period | 248,971,820 | 489,449,893 | 866,841,784 | 593,571,163 | 471,793,035 | 244,297,816 | 720,211,521 | 548,164,938 | 37,951,775 | 114,841,438 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 277,071,437 | $ | 248,971,820 | $ | 711,040,211 | $ | 866,841,784 | $ | 307,657,029 | $ | 471,793,035 | $ | 586,252,397 | $ | 720,211,521 | $ | 33,851,541 | $ | 37,951,775 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 4,350,000 | 7,800,000 | 66,750,000 | 181,800,000 | 850,000 | 4,900,000 | 61,900,000 | 265,200,000 | 2,650,000 | 6,200,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (4,450,000 | ) | (11,500,000 | ) | (70,800,000 | ) | (174,700,000 | ) | (3,300,000 | ) | (1,750,000 | ) | (64,700,000 | ) | (263,250,000 | ) | (2,750,000 | ) | (7,400,000 | ) | ||||||||||||||||||||
Net increase (decrease) | (100,000 | ) | (3,700,000 | ) | (4,050,000 | ) | 7,100,000 | (2,450,000 | ) | 3,150,000 | (2,800,000 | ) | 1,950,000 | (100,000 | ) | (1,200,000 | ) | |||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 15,662 | $ | 17,287 | $ | (684,490 | ) | $ | — | $ | (22,647 | ) | $ | — | $ | 189,105 | $ | — | $ | (2,820 | ) | $ | — | |||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P Software & Services ETF | SPDR S&P Telecom ETF | SPDR S&P Transportation ETF | SPDR S&P 1500 Momentum Tilt ETF | SPDR S&P 1500 Value Tilt ETF | SPDR Wells Fargo Preferred Stock ETF | |||||||||||||||||||||||||||||||||||
Six Months Ended | For the Period | Six Months Ended | Six Months Ended | For the Period | For the Period | Six Months Ended | ||||||||||||||||||||||||||||||||||
12/31/12 | 9/28/11*- | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 10/24/12*- | 10/24/12*- | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | 12/31/12 | 12/31/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 150,955 | $ | 39,277 | $ | 76,504 | $ | 68,054 | $ | 83,054 | $ | 60,688 | $ | 29,628 | $ | 31,818 | $ | 9,472,370 | $ | 10,668,940 | ||||||||||||||||||||
Net realized gain (loss) on investments | 1,424,526 | 746,478 | (82,705 | ) | (779,291 | ) | 391,144 | (961,532 | ) | 1,459 | 1,629 | 1,217,403 | (1,246,149 | ) | ||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (640,770 | ) | 853,779 | 559,043 | (1,136,396 | ) | 614,102 | (391,058 | ) | 30,915 | 103,542 | (2,092,482 | ) | 1,465,698 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 934,711 | 1,639,534 | 552,842 | (1,847,633 | ) | 1,088,300 | (1,291,902 | ) | 62,002 | 136,989 | 8,597,291 | 10,888,489 | ||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (16,706 | ) | (2,016 | ) | — | (10,206 | ) | (240 | ) | (2,511 | ) | — | — | 543,676 | 628,830 | |||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (153,045 | ) | (37,786 | ) | (122,406 | ) | (56,064 | ) | (85,895 | ) | (58,282 | ) | (31,158 | ) | (33,745 | ) | (11,186,064 | ) | (10,454,723 | ) | ||||||||||||||||||||
Net realized gains | (293,905 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (446,950 | ) | (37,786 | ) | (122,406 | ) | (56,064 | ) | (85,895 | ) | (58,282 | ) | (31,158 | ) | (33,745 | ) | (11,186,064 | ) | (10,454,723 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 19,902,446 | — | 4,644,593 | 2,543,098 | — | 6,000,000 | 6,000,000 | 107,455,934 | 156,456,286 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (6,431,068 | ) | (3,058,936 | ) | — | (8,944,593 | ) | (2,486,133 | ) | (2,181,987 | ) | — | — | (36,587,734 | ) | (22,325,527 | ) | |||||||||||||||||||||||
Net income equalization (Note 2) | 16,706 | 2,016 | — | 10,206 | 240 | 2,511 | — | — | (543,676 | ) | (628,830 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (6,414,362 | ) | 16,845,526 | — | (4,289,794 | ) | 57,205 | (2,179,476 | ) | 6,000,000 | 6,000,000 | 70,324,524 | 133,501,929 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (5,943,307 | ) | 18,445,258 | 430,436 | (6,203,697 | ) | 1,059,370 | (3,532,171 | ) | 6,030,844 | 6,103,244 | 68,279,427 | 134,564,525 | |||||||||||||||||||||||||||
Net assets at beginning of period | 18,445,258 | — | 4,114,353 | 10,318,050 | 12,390,836 | 15,923,007 | — | — | 253,173,642 | 118,609,117 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 12,501,951 | $ | 18,445,258 | $ | 4,544,789 | $ | 4,114,353 | $ | 13,450,206 | $ | 12,390,836 | $ | 6,030,844 | $ | 6,103,244 | $ | 321,453,069 | $ | 253,173,642 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | 350,000 | — | 100,000 | 50,000 | — | 100,000 | 100,000 | 2,350,000 | 3,500,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (100,000 | ) | (50,000 | ) | — | (200,000 | ) | (50,000 | ) | (50,000 | ) | — | — | (800,000 | ) | (500,000 | ) | |||||||||||||||||||||||
Net increase (decrease) | (100,000 | ) | 300,000 | — | (100,000 | ) | — | (50,000 | ) | 100,000 | 100,000 | 1,550,000 | 3,000,000 | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (599 | ) | $ | 1,491 | $ | (45,902 | ) | $ | — | $ | (435 | ) | $ | 2,406 | $ | (1,530 | ) | $ | (1,927 | ) | $ | (1,086,902 | ) | $ | 626,792 | ||||||||||||||
* | Commencement of operations. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
Selected data for a share outstanding throughout each period
SPDR Dow Jones Total Market ETF | SPDR Dow Jones Large Cap ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 101.45 | $ | 99.24 | $ | 76.77 | $ | 67.33 | $ | 93.41 | $ | 108.50 | $ | 63.75 | $ | 62.09 | $ | 48.17 | $ | 42.69 | $ | 59.55 | $ | 68.91 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.20 | (1) | 1.90 | (1) | 1.59 | (1) | 1.41 | (1) | 1.66 | (1) | 1.74 | 0.77 | (1) | 1.21 | (1) | 1.04 | (1) | 0.93 | (1) | 1.09 | (1) | 1.18 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 5.02 | 1.89 | 22.46 | 9.36 | (26.18 | ) | (15.07 | ) | 3.07 | 1.62 | 13.92 | 5.38 | (17.02 | ) | (9.26 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 6.22 | 3.79 | 24.05 | 10.77 | (24.52 | ) | (13.33 | ) | 3.84 | 2.83 | 14.96 | 6.31 | (15.93 | ) | (8.08 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.01 | ) | 0.21 | (0.01 | ) | (0.03 | ) | 0.09 | 0.03 | — | (0.00 | )(3) | (0.00 | )(3) | (0.02 | ) | 0.21 | (0.00 | )(3) | |||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.21 | ) | (1.79 | ) | (1.57 | ) | (1.30 | ) | (1.65 | ) | (1.79 | ) | (0.81 | ) | (1.17 | ) | (1.04 | ) | (0.81 | ) | (1.14 | ) | (1.18 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | — | — | — | (0.10 | ) | |||||||||||||||||||||||||||||||||||
Total distributions | (1.21 | ) | (1.79 | ) | (1.57 | ) | (1.30 | ) | (1.65 | ) | (1.79 | ) | (0.81 | ) | (1.17 | ) | (1.04 | ) | (0.81 | ) | (1.14 | ) | (1.28 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 106.45 | $ | 101.45 | $ | 99.24 | $ | 76.77 | $ | 67.33 | $ | 93.41 | $ | 66.78 | $ | 63.75 | $ | 62.09 | $ | 48.17 | $ | 42.69 | $ | 59.55 | ||||||||||||||||||||||||
Total return (4) | 6.10 | % | 4.16 | % | 31.45 | % | 15.87 | % | (26.18 | )% | (12.36 | )% | 6.00 | % | 4.69 | % | 31.17 | % | 14.67 | % | (26.44 | )% | (11.84 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 431,133 | $ | 426,109 | $ | 193,526 | $ | 157,382 | $ | 158,238 | $ | 126,113 | $ | 43,407 | $ | 41,437 | $ | 37,253 | $ | 33,720 | $ | 38,419 | $ | 8,933 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.20 | % | 0.22 | % | 0.20 | % | 0.21 | % | 0.20 | % | 0.20 | %(5) | 0.20 | % | 0.22 | % | 0.20 | % | 0.23 | % | 0.20 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.27 | %(5) | 1.97 | % | 1.73 | % | 1.76 | % | 2.42 | % | 1.74 | % | 2.33 | %(5) | 1.99 | % | 1.80 | % | 1.84 | % | 2.63 | % | 1.80 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 1 | % | 3 | % | 2 | % | 2 | % | 10 | % | 1 | % | 3 | % | 4 | % | 5 | % | 5 | % | 10 | % | 7 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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259
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P 500 Growth ETF | SPDR S&P 500 Value ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 63.63 | $ | 60.18 | $ | 45.21 | $ | 39.70 | $ | 54.02 | $ | 57.36 | $ | 67.63 | $ | 67.32 | $ | 54.02 | $ | 48.38 | $ | 69.18 | $ | 87.77 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.68 | (1) | 1.01 | (1) | 0.67 | (1) | 0.39 | (1) | 0.52 | (1) | 0.44 | 0.93 | (1) | 1.52 | (1) | 1.51 | (1) | 1.51 | (1) | 1.93 | (1) | 2.37 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.95 | 3.45 | 14.96 | 5.52 | (14.31 | ) | (3.33 | ) | 4.40 | 0.32 | 13.19 | 5.54 | (20.78 | ) | (18.59 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 2.63 | 4.46 | 15.63 | 5.91 | (13.79 | ) | (2.89 | ) | 5.33 | 1.84 | 14.70 | 7.05 | (18.85 | ) | (16.22 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.01 | ) | 0.01 | 0.00 | (3) | — | (0.03 | ) | 0.01 | 0.03 | (0.06 | ) | 0.11 | (0.03 | ) | 0.07 | (0.09 | ) | ||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.69 | ) | (1.02 | ) | (0.66 | ) | (0.37 | ) | (0.50 | ) | (0.46 | ) | (1.06 | ) | (1.47 | ) | (1.51 | ) | (1.38 | ) | (2.02 | ) | (2.28 | ) | ||||||||||||||||||||||||
Return of capital | — | — | — | (0.03 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.69 | ) | (1.02 | ) | (0.66 | ) | (0.40 | ) | (0.50 | ) | (0.46 | ) | (1.06 | ) | (1.47 | ) | (1.51 | ) | (1.38 | ) | (2.02 | ) | (2.28 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 65.56 | $ | 63.63 | $ | 60.18 | $ | 45.21 | $ | 39.70 | $ | 54.02 | $ | 71.93 | $ | 67.63 | $ | 67.32 | $ | 54.02 | $ | 48.38 | $ | 69.18 | ||||||||||||||||||||||||
Total return (4) | 4.09 | % | 7.54 | % | 34.65 | % | 14.83 | % | (25.58 | )% | (5.04 | )% | 7.90 | % | �� | 2.81 | % | 27.58 | % | 14.39 | % | (27.33 | )% | (18.85 | )% | |||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 216,357 | $ | 219,541 | $ | 192,586 | $ | 167,284 | $ | 154,817 | $ | 289,015 | $ | 115,146 | $ | 98,120 | $ | 171,718 | $ | 99,985 | $ | 99,221 | $ | 93,428 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.20 | % | 0.22 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | 0.20 | % | 0.22 | % | 0.20 | % | 0.21 | % | 0.20 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.05 | %(5) | 1.69 | % | 1.22 | % | 0.83 | % | 1.27 | % | 0.81 | % | 2.64 | %(5) | 2.37 | % | 2.36 | % | 2.66 | % | 3.73 | % | 2.80 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 26 | % | 21 | % | 46 | % | 15 | % | 32 | % | 14 | % | 32 | % | 25 | % | 41 | % | 15 | % | 36 | % | 13 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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261
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Dow Jones Mid Cap ETF | SPDR S&P 400 Mid Cap Growth ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 61.65 | $ | 64.26 | $ | 46.60 | $ | 36.78 | $ | 52.05 | $ | 62.63 | $ | 78.68 | $ | 82.38 | $ | 57.07 | $ | 45.20 | $ | 62.82 | $ | 68.88 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.69 | (1) | 0.80 | (1) | 0.76 | (1) | 0.69 | (1) | 0.74 | (1) | 0.65 | 0.52 | (1) | 0.50 | (1) | 0.36 | (1) | 0.30 | (1) | 0.33 | (1) | 0.28 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 5.10 | (2.60 | ) | 17.65 | 9.67 | (15.32 | ) | (7.80 | ) | 6.43 | (3.62 | ) | 25.31 | 11.84 | (17.64 | ) | (5.01 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | 5.79 | (1.80 | ) | 18.41 | 10.36 | (14.58 | ) | (7.15 | ) | 6.95 | (3.12 | ) | 25.67 | 12.14 | (17.31 | ) | (4.73 | ) | ||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | 0.00 | (3) | 0.01 | 0.04 | 0.06 | (0.01 | ) | 0.01 | (0.01 | ) | (0.01 | ) | 0.01 | 0.01 | (0.00 | )(3) | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.75 | ) | (0.81 | ) | (0.76 | ) | (0.58 | ) | (0.75 | ) | (0.72 | ) | (0.53 | ) | (0.57 | ) | (0.35 | ) | (0.28 | ) | (0.32 | ) | (0.29 | ) | ||||||||||||||||||||||||
Net realized gains | (0.48 | ) | — | — | — | — | (2.70 | ) | — | — | — | — | — | (1.04 | ) | |||||||||||||||||||||||||||||||||
Total distributions | (1.23 | ) | (0.81 | ) | (0.76 | ) | (0.58 | ) | (0.75 | ) | (3.42 | ) | (0.53 | ) | (0.57 | ) | (0.35 | ) | (0.28 | ) | (0.32 | ) | (1.33 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 66.21 | $ | 61.65 | $ | 64.26 | $ | 46.60 | $ | 36.78 | $ | 52.05 | $ | 85.11 | $ | 78.68 | $ | 82.38 | $ | 57.07 | $ | 45.20 | $ | 62.82 | ||||||||||||||||||||||||
Total return (4) | 9.37 | % | (2.73 | )% | 39.67 | % | 28.26 | % | (27.89 | )% | (11.53 | )% | 8.72 | % | (3.66 | )% | 45.01 | % | 26.86 | % | (27.51 | )% | (6.85 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 76,146 | $ | 70,893 | $ | 80,329 | $ | 53,585 | $ | 31,260 | $ | 20,820 | $ | 68,092 | $ | 62,947 | $ | 74,140 | $ | 59,923 | $ | 42,939 | $ | 43,977 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.25 | %(5) | 0.25 | % | 0.27 | % | 0.26 | % | 0.30 | % | 0.25 | % | 0.25 | %(5) | 0.25 | % | 0.28 | % | 0.26 | % | 0.28 | % | 0.25 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.15 | %(5) | 1.34 | % | 1.31 | % | 1.47 | % | 2.02 | % | 1.17 | % | 1.26 | %(5) | 0.65 | % | 0.50 | % | 0.52 | % | 0.75 | % | 0.45 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 12 | % | 20 | % | 23 | % | 31 | % | 58 | % | 45 | % | 37 | % | 33 | % | 88 | % | 45 | % | 74 | % | 59 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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263
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P 400 Mid Cap Value ETF | SPDR S&P 600 Small Cap ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 55.54 | $ | 57.18 | $ | 44.81 | $ | 35.29 | $ | 50.34 | $ | 63.10 | $ | 70.53 | $ | 70.54 | $ | 51.57 | $ | 41.18 | $ | 55.27 | $ | 66.57 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.70 | (1) | 0.97 | (1) | 1.05 | (1) | 1.17 | (1) | 1.30 | (1) | 1.28 | 0.78 | (1) | 0.95 | (1) | 0.70 | (1) | 0.67 | (1) | 0.86 | (1) | 0.69 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 4.52 | (1.60 | ) | 12.42 | 9.32 | (14.89 | ) | (12.58 | ) | 4.61 | (0.20 | ) | 19.03 | 10.28 | (14.20 | ) | (11.19 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | 5.22 | (0.63 | ) | 13.47 | 10.49 | (13.59 | ) | (11.30 | ) | 5.39 | 0.75 | 19.73 | 10.95 | (13.34 | ) | (10.50 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | (0.03 | ) | (0.03 | ) | 0.08 | (0.09 | ) | (0.10 | ) | 0.01 | 0.14 | (0.01 | ) | 0.01 | 0.06 | 0.04 | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.77 | ) | (0.98 | ) | (1.07 | ) | (0.85 | ) | (1.37 | ) | (1.36 | ) | (0.78 | ) | (0.90 | ) | (0.71 | ) | (0.57 | ) | (0.81 | ) | (0.84 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | (0.04 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Return of capital | — | — | — | (0.20 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.77 | ) | (0.98 | ) | (1.07 | ) | (1.05 | ) | (1.37 | ) | (1.36 | ) | (0.78 | ) | (0.90 | ) | (0.75 | ) | (0.57 | ) | (0.81 | ) | (0.84 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 59.99 | $ | 55.54 | $ | 57.18 | $ | 44.81 | $ | 35.29 | $ | 50.34 | $ | 75.15 | $ | 70.53 | $ | 70.54 | $ | 51.57 | $ | 41.18 | $ | 55.27 | ||||||||||||||||||||||||
Total return (3) | 9.18 | % | (0.82 | )% | 30.15 | % | 29.92 | % | (27.27 | )% | (18.18 | )% | 7.64 | % | 1.35 | % | 38.37 | % | 26.57 | % | (23.98 | )% | (15.76 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 23,997 | $ | 22,215 | $ | 22,871 | $ | 20,164 | $ | 8,823 | $ | 10,068 | $ | 229,203 | $ | 183,382 | $ | 77,593 | $ | 51,570 | $ | 22,651 | $ | 13,817 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.25 | %(4) | 0.25 | % | 0.28 | % | 0.26 | % | 0.34 | % | 0.25 | % | 0.20 | %(4) | 0.20 | % | 0.24 | % | 0.26 | % | 0.32 | % | 0.25 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.42 | %(4) | 1.81 | % | 2.00 | % | 2.56 | % | 3.52 | % | 2.18 | % | 2.14 | %(4) | 1.40 | % | 1.11 | % | 1.27 | % | 2.16 | % | 1.34 | % | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 36 | % | 28 | % | 82 | % | 50 | % | 73 | % | 51 | % | 5 | % | 13 | % | 82 | % | 20 | % | 28 | % | 24 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(4) | Annualized | |
(5) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
264
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265
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P 600 Small Cap Growth ETF | SPDR S&P 600 Small Cap Value ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 121.07 | $ | 120.92 | $ | 82.62 | $ | 67.19 | $ | 90.65 | $ | 104.00 | $ | 71.24 | $ | 71.29 | $ | 55.88 | $ | 43.64 | $ | 57.92 | $ | 75.01 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.12 | (1) | 0.97 | (1) | 0.61 | (1) | 0.26 | (1) | 0.56 | (1) | 0.42 | 0.84 | (1) | 1.09 | (1) | 1.03 | (1) | 1.30 | (1) | 1.52 | (1) | 1.25 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 5.37 | 0.28 | 38.10 | 15.35 | (23.51 | ) | (11.83 | ) | 6.36 | 0.01 | 15.55 | 11.96 | (14.33 | ) | (16.50 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 6.49 | 1.25 | 38.71 | 15.61 | (22.95 | ) | (11.41 | ) | 7.20 | 1.10 | 16.58 | 13.26 | (12.81 | ) | (15.25 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.02 | (0.02 | ) | (0.00 | )(3) | (0.00 | )(3) | 0.04 | (0.00 | )(3) | (0.02 | ) | (0.04 | ) | (0.07 | ) | 0.06 | (0.02 | ) | 0.01 | ||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.12 | ) | (1.08 | ) | (0.57 | ) | (0.18 | ) | (0.55 | ) | (0.45 | ) | (0.93 | ) | (1.11 | ) | (1.10 | ) | (1.08 | ) | (1.28 | ) | (1.56 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (1.49 | ) | — | — | — | — | (0.17 | ) | (0.29 | ) | |||||||||||||||||||||||||||||||||
Total distributions | (1.12 | ) | (1.08 | ) | (0.57 | ) | (0.18 | ) | (0.55 | ) | (1.94 | ) | (0.93 | ) | (1.11 | ) | (1.10 | ) | (1.08 | ) | (1.45 | ) | (1.85 | ) | ||||||||||||||||||||||||
Voluntary contribution from Adviser | — | — | 0.16 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 126.46 | $ | 121.07 | $ | 120.92 | $ | 82.62 | $ | 67.19 | $ | 90.65 | $ | 77.49 | $ | 71.24 | $ | 71.29 | $ | 55.88 | $ | 43.64 | $ | 57.92 | ||||||||||||||||||||||||
Total return (4) | 5.36 | % | 1.07 | % | 47.08 | %(5) | 23.22 | % | (25.21 | )% | (11.01 | )% | 10.06 | % | 1.61 | % | 29.68 | % | 30.49 | % | (22.20 | )% | (20.46 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 164,415 | $ | 151,354 | $ | 187,432 | $ | 123,946 | $ | 94,077 | $ | 86,129 | $ | 131,836 | $ | 121,201 | $ | 124,849 | $ | 142,564 | $ | 69,885 | $ | 89,856 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.25 | %(6) | 0.25 | % | 0.27 | % | 0.25 | % | 0.26 | % | 0.25 | % | 0.25 | %(6) | 0.25 | % | 0.27 | % | 0.26 | % | 0.27 | % | 0.25 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.80 | %(6) | 0.85 | % | 0.58 | % | 0.31 | % | 0.88 | % | 0.46 | % | 2.25 | %(6) | 1.60 | % | 1.56 | % | 2.29 | % | 3.32 | % | 2.12 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 39 | % | 37 | % | 102 | % | 34 | % | 42 | % | 38 | % | 38 | % | 34 | % | 88 | % | 35 | % | 38 | % | 28 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | If the Adviser had not made a voluntary contribution during the Year Ended 6/30/11, the total return would have been 46.88%. | |
(6) | Annualized | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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267
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Global Dow ETF | SPDR Dow Jones REIT ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 51.21 | $ | 59.50 | $ | 48.39 | $ | 47.27 | $ | 66.79 | $ | 79.11 | $ | 72.90 | $ | 66.59 | $ | 51.05 | $ | 34.00 | $ | 65.40 | $ | 80.93 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.54 | (1) | 1.29 | (1) | 1.54 | (1) | 1.33 | (1) | 1.64 | (1) | 1.89 | 1.23 | (1) | 1.71 | (1) | 1.47 | (1) | 1.39 | (1) | 1.91 | (1) | 2.43 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 4.58 | (8.35 | ) | 10.91 | 1.21 | (19.47 | ) | (12.28 | ) | 0.10 | 6.67 | 15.98 | 17.37 | (31.15 | ) | (14.86 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 5.12 | (7.06 | ) | 12.45 | 2.54 | (17.83 | ) | (10.39 | ) | 1.33 | 8.38 | 17.45 | 18.76 | (29.24 | ) | (12.43 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.02 | ) | (0.04 | ) | 0.07 | 0.01 | (0.09 | ) | 0.03 | (0.02 | ) | 0.03 | 0.02 | 0.01 | 0.11 | 0.16 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.55 | ) | (1.19 | ) | (1.41 | ) | (1.43 | ) | (1.60 | ) | (1.96 | ) | (1.24 | ) | (2.10 | ) | (1.93 | ) | (1.72 | ) | (2.27 | ) | (3.26 | ) | ||||||||||||||||||||||||
Total distributions | (0.55 | ) | (1.19 | ) | (1.41 | ) | (1.43 | ) | (1.60 | ) | (1.96 | ) | (1.24 | ) | (2.10 | ) | (1.93 | ) | (1.72 | ) | (2.27 | ) | (3.26 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 55.76 | $ | 51.21 | $ | 59.50 | $ | 48.39 | $ | 47.27 | $ | 66.79 | $ | 72.97 | $ | 72.90 | $ | 66.59 | $ | 51.05 | $ | 34.00 | $ | 65.40 | ||||||||||||||||||||||||
Total return (3) | 9.96 | % | (11.90 | )% | 25.99 | % | 5.10 | % | (26.89 | )% | (13.28 | )% | 1.79 | % | 13.05 | % | 34.55 | % | 55.42 | % | (44.96 | )% | (15.41 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 89,250 | $ | 92,203 | $ | 148,786 | $ | 79,871 | $ | 70,923 | $ | 163,654 | $ | 1,892,171 | $ | 1,959,752 | $ | 1,557,086 | $ | 1,137,458 | $ | 908,890 | $ | 1,289,796 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(4) | 0.50 | % | 0.52 | % | 0.50 | % | 0.51 | % | 0.50 | % | 0.25 | %(4) | 0.25 | % | 0.26 | % | 0.25 | % | 0.25 | % | (0.25 | )% | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.99 | %(4) | 2.44 | % | 2.66 | % | 2.45 | % | 3.20 | % | 2.55 | % | 3.36 | %(4) | 2.60 | % | 2.40 | % | 2.94 | % | 4.58 | % | 2.79 | % | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 12 | % | 11 | % | 108 | % | 6 | % | 10 | % | 15 | % | 5 | % | 7 | % | 10 | % | 10 | % | 15 | % | 14 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(4) | Annualized | |
(5) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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269
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Bank ETF | SPDR S&P Capital Markets ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 22.05 | $ | 24.00 | $ | 22.90 | $ | 18.08 | $ | 28.58 | $ | 55.44 | $ | 31.02 | $ | 35.45 | $ | 31.10 | $ | 33.41 | $ | 45.12 | $ | 68.80 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.29 | (1) | 0.41 | (1) | 0.23 | (1) | 0.18 | (1) | 0.94 | (1) | 1.60 | 0.74 | (1) | 0.73 | (1) | 0.73 | (1) | 0.22 | (1) | 0.52 | (1) | 0.53 | (1) | |||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.77 | (1.92 | ) | 1.08 | 4.80 | (10.67 | ) | (27.35 | ) | 3.25 | (4.09 | ) | 4.36 | (2.26 | ) | (11.79 | ) | (23.68 | ) | |||||||||||||||||||||||||||||
Total from investment operations | 2.06 | (1.51 | ) | 1.31 | 4.98 | (9.73 | ) | (25.75 | ) | 3.99 | (3.36 | ) | 5.09 | (2.04 | ) | (11.27 | ) | (23.15 | ) | |||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.01 | (0.02 | ) | (0.01 | ) | — | 0.03 | 0.66 | (0.02 | ) | (0.09 | ) | (0.07 | ) | (0.01 | ) | (0.03 | ) | 0.10 | |||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.31 | ) | (0.42 | ) | (0.20 | ) | (0.16 | ) | (0.80 | ) | (1.77 | ) | (0.91 | ) | (0.98 | ) | (0.67 | ) | (0.24 | ) | (0.41 | ) | (0.63 | ) | ||||||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | — | — | (0.02 | ) | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.31 | ) | (0.42 | ) | (0.20 | ) | (0.16 | ) | (0.80 | ) | (1.77 | ) | (0.91 | ) | (0.98 | ) | (0.67 | ) | (0.26 | ) | (0.41 | ) | (0.63 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 23.81 | $ | 22.05 | $ | 24.00 | $ | 22.90 | $ | 18.08 | $ | 28.58 | $ | 34.08 | $ | 31.02 | $ | 35.45 | $ | 31.10 | $ | 33.41 | $ | 45.12 | ||||||||||||||||||||||||
Total return (3) | 9.39 | % | (6.22 | )% | 5.63 | % | 27.55 | % | (34.54 | )% | (46.07 | )% | 12.77 | % | (9.53 | )% | 16.04 | % | (6.28 | )% | (24.98 | )% | (33.71 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,683,626 | $ | 1,450,630 | $ | 1,684,658 | $ | 746,684 | $ | 821,694 | $ | 883,280 | $ | 20,448 | $ | 23,263 | $ | 69,127 | $ | 51,307 | $ | 80,188 | $ | 117,300 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(4) | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | %(4) | 0.36 | % | 0.38 | % | 0.35 | % | 0.36 | % | 0.35 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.46 | %(4) | 1.92 | % | 0.92 | % | 0.79 | % | 4.29 | % | 4.46 | % | 4.56 | %(4) | 2.40 | % | 2.00 | % | 0.60 | % | 1.65 | % | 0.89 | % | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 10 | % | 55 | % | 16 | % | 18 | % | 51 | % | 23 | % | 15 | % | 64 | % | 14 | % | 9 | % | 52 | % | 52 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(4) | Annualized | |
(5) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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271
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Insurance ETF | SPDR S&P Mortgage Finance ETF | |||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | 4/29/09*- | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 40.74 | $ | 41.73 | $ | 35.26 | $ | 26.52 | $ | 40.89 | $ | 59.41 | $ | 38.67 | $ | 38.38 | $ | 39.15 | $ | 36.18 | $ | 41.19 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.58 | (1) | 0.69 | (1) | 0.67 | (1) | 0.54 | (1) | 0.67 | (1) | 1.02 | (1) | 0.69 | (1) | 0.76 | (1) | 0.80 | (1) | 0.78 | (1) | 0.15 | (1) | ||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 3.30 | (0.98 | ) | 6.49 | 8.67 | (14.55 | ) | (18.56 | ) | 4.26 | 0.27 | (0.40 | ) | 3.18 | (5.02 | ) | ||||||||||||||||||||||||||||
Total from investment operations | 3.88 | (0.29 | ) | 7.16 | 9.21 | (13.88 | ) | (17.54 | ) | 4.95 | 1.03 | 0.40 | 3.96 | (4.87 | ) | |||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.05 | (0.05 | ) | 0.03 | (0.02 | ) | 0.14 | 0.12 | — | — | (0.01 | ) | (0.06 | ) | 0.04 | |||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.64 | ) | (0.65 | ) | (0.72 | ) | (0.45 | ) | (0.63 | ) | (1.10 | ) | (0.72 | ) | (0.74 | ) | (0.92 | ) | (0.73 | ) | (0.18 | ) | ||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | (0.24 | ) | (0.20 | ) | — | |||||||||||||||||||||||||||||||
Total distributions | (0.64 | ) | (0.65 | ) | (0.72 | ) | (0.45 | ) | (0.63 | ) | (1.10 | ) | (0.72 | ) | (0.74 | ) | (1.16 | ) | (0.93 | ) | (0.18 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 44.03 | $ | 40.74 | $ | 41.73 | $ | 35.26 | $ | 26.52 | $ | 40.89 | $ | 42.90 | $ | 38.67 | $ | 38.38 | $ | 39.15 | $ | 36.18 | ||||||||||||||||||||||
Total return (3) | 9.62 | % | (0.65 | )% | 20.35 | % | 34.65 | % | (33.69 | )% | (29.67 | )% | 12.77 | % | 2.96 | % | 0.77 | % | 10.67 | % | (11.73 | )% | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 143,104 | $ | 93,698 | $ | 214,897 | $ | 163,972 | $ | 139,205 | $ | 63,374 | $ | 4,290 | $ | 3,867 | $ | 3,838 | $ | 3,915 | $ | 5,427 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(4) | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | %(4) | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | %(4) | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.71 | %(4) | 1.82 | % | 1.62 | % | 1.49 | % | 2.56 | % | 1.99 | % | 3.35 | %(4) | 2.22 | % | 1.95 | % | 1.84 | % | 2.38 | %(4) | ||||||||||||||||||||||
Portfolio turnover rate (5) | 11 | % | 62 | % | 9 | % | 14 | % | 53 | % | 18 | % | 19 | % | 91 | % | 35 | % | 27 | % | 5 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(4) | Annualized | |
(5) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
272
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273
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Regional Banking ETF | SPDR Morgan Stanley Technology ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 27.34 | $ | 25.45 | $ | 23.05 | $ | 18.31 | $ | 26.56 | $ | 45.90 | $ | 64.09 | $ | 65.43 | $ | 51.32 | $ | 44.96 | $ | 55.15 | $ | 61.90 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.34 | (1) | 0.45 | (1) | 0.37 | (1) | 0.40 | (1) | 0.94 | (1) | 1.43 | 0.30 | (1) | 0.50 | (1) | 0.36 | (1) | 0.23 | (1) | 0.23 | (1) | 0.15 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.64 | 1.90 | 2.42 | 4.66 | (8.04 | ) | (18.58 | ) | 4.18 | (1.30 | ) | 14.15 | 6.39 | (10.18 | ) | (6.74 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 0.98 | 2.35 | 2.79 | 5.06 | (7.10 | ) | (17.15 | ) | 4.48 | (0.80 | ) | 14.51 | 6.62 | (9.95 | ) | (6.59 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | 0.02 | (0.02 | ) | 0.01 | 0.07 | (0.60 | ) | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.03 | ) | (0.00 | )(3) | (0.01 | ) | |||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.35 | ) | (0.48 | ) | (0.37 | ) | (0.33 | ) | (1.22 | ) | (1.59 | ) | (0.30 | ) | (0.53 | ) | (0.39 | ) | (0.23 | ) | (0.24 | ) | (0.15 | ) | ||||||||||||||||||||||||
Total distributions | (0.35 | ) | (0.48 | ) | (0.37 | ) | (0.33 | ) | (1.22 | ) | (1.59 | ) | (0.30 | ) | (0.53 | ) | (0.39 | ) | (0.23 | ) | (0.24 | ) | (0.15 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 27.97 | $ | 27.34 | $ | 25.45 | $ | 23.05 | $ | 18.31 | $ | 26.56 | $ | 68.26 | $ | 64.09 | $ | 65.43 | $ | 51.32 | $ | 44.96 | $ | 55.15 | ||||||||||||||||||||||||
Total return (4) | 3.53 | % | 9.59 | % | 12.00 | % | 27.70 | % | (27.94 | )% | (39.51 | )% | 6.95 | % | (1.21 | )% | 28.27 | % | 14.62 | % | (17.97 | )% | (10.67 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,160,962 | $ | 1,167,653 | $ | 558,689 | $ | 703,213 | $ | 434,937 | $ | 709,284 | $ | 163,822 | $ | 166,653 | $ | 206,119 | $ | 182,188 | $ | 197,818 | $ | 228,870 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.50 | %(5) | 0.50 | % | 0.53 | % | 0.50 | % | 0.50 | % | 0.50 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.40 | %(5) | 1.77 | % | 1.50 | % | 1.72 | % | 3.68 | % | 4.04 | % | 0.91 | %(5) | 0.79 | % | 0.57 | % | 0.42 | % | 0.56 | % | 0.26 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 16 | % | 44 | % | 13 | % | 23 | % | 51 | % | 35 | % | 28 | % | 21 | % | 10 | % | 17 | % | 19 | % | 24 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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275
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Dividend ETF | SPDR S&P Aerospace & Defense ETF | SPDR S&P Biotech ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | 9/28/11*- | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 55.66 | $ | 54.06 | $ | 45.13 | $ | 37.96 | $ | 44.30 | $ | 62.57 | $ | 58.92 | $ | 50.00 | $ | 88.48 | $ | 73.03 | $ | 51.82 | $ | 50.71 | $ | 57.47 | $ | 50.93 | ||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 1.01 | (1) | 1.80 | (1) | 1.73 | (1) | 1.71 | (1) | 1.97 | (1) | 2.19 | (1) | 0.76 | (1) | 0.52 | (1) | 0.19 | (1) | (0.11 | )(1) | (0.20 | )(1) | (0.12 | )(1) | 0.44 | (1) | 0.66 | |||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 2.51 | 1.53 | 8.80 | 6.97 | (6.47 | ) | (17.49 | ) | 5.24 | 8.90 | (0.46 | ) | 15.48 | 21.42 | 1.23 | (7.23 | ) | 6.59 | ||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.52 | 3.33 | 10.53 | 8.68 | (4.50 | ) | (15.30 | ) | 6.00 | 9.42 | (0.27 | ) | 15.37 | 21.22 | 1.11 | (6.79 | ) | 7.25 | ||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(3) | 0.06 | 0.14 | 0.15 | 0.16 | 0.02 | 0.00 | (3) | (0.00 | )(3) | (0.01 | ) | 0.08 | (0.01 | ) | 0.00 | (3) | 0.00 | (3) | (0.02 | ) | ||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.06 | ) | (1.79 | ) | (1.74 | ) | (1.57 | ) | (2.00 | ) | (2.19 | ) | (0.76 | ) | (0.50 | ) | (0.20 | ) | — | — | — | (0.16 | ) | (0.69 | ) | |||||||||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (0.80 | ) | (0.34 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Return of capital | — | — | — | (0.09 | ) | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Total distributions | (1.06 | ) | (1.79 | ) | (1.74 | ) | (1.66 | ) | (2.00 | ) | (2.99 | ) | (1.10 | ) | (0.50 | ) | (0.20 | ) | — | — | — | (0.16 | ) | (0.69 | ) | |||||||||||||||||||||||||||||||
Voluntary contribution from Adviser | — | — | — | — | — | — | — | — | — | — | — | — | 0.19 | — | ||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 58.12 | $ | 55.66 | $ | 54.06 | $ | 45.13 | $ | 37.96 | $ | 44.30 | $ | 63.82 | $ | 58.92 | $ | 88.00 | $ | 88.48 | $ | 73.03 | $ | 51.82 | $ | 50.71 | $ | 57.47 | ||||||||||||||||||||||||||||
Total return (4) | 6.30 | % | 6.46 | % | 23.82 | % | 23.25 | % | (10.06 | )% | (25.05 | )% | 10.15 | % | 18.86 | % | (0.32 | )% | 21.15 | % | 40.92 | % | 2.20 | % | (11.46 | )%(5) | 14.15 | % | ||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 9,410,637 | $ | 9,123,307 | $ | 5,982,242 | $ | 1,949,711 | $ | 658,655 | $ | 230,378 | $ | 12,765 | $ | 14,731 | $ | 629,216 | $ | 641,452 | $ | 642,639 | $ | 450,860 | $ | 428,508 | $ | 264,342 | ||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(6) | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | %(6) | 0.35 | %(6) | 0.35 | %(6) | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 3.48 | %(6) | 3.34 | % | 3.31 | % | 3.70 | % | 5.10 | % | 3.92 | % | 2.48 | %(6) | 1.18 | %(6) | 0.42 | %(6) | (0.15 | )% | (0.31 | )% | (0.23 | )% | 0.83 | % | 1.48 | % | ||||||||||||||||||||||||||||
Portfolio turnover rate (7) | 29 | % | 94 | % | 52 | % | 44 | % | 105 | % | 48 | % | 21 | % | 23 | % | 31 | % | 61 | % | 74 | % | 80 | % | 78 | % | 79 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | If the Adviser had not made a voluntary contribution during the Year Ended 6/30/09, the total return would have been (11.79)%. | |
(6) | Annualized | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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277
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Health Care Equipment ETF | SPDR S&P Health Care Services ETF | SPDR S&P Homebuilders ETF | ||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | ||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 1/26/11*- | 12/31/12 | 9/28/11*- | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 57.30 | $ | 55.10 | $ | 50.37 | $ | 62.01 | $ | 50.00 | $ | 21.36 | $ | 18.05 | $ | 14.32 | $ | 11.77 | $ | 16.53 | $ | 30.37 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.16 | (1) | 0.10 | (1) | 0.03 | (1) | 0.61 | (1) | 0.19 | (1) | 0.12 | (1) | 0.24 | (1) | 0.13 | (1) | 0.13 | (1) | 0.24 | (1) | 0.36 | |||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.25 | ) | 2.35 | 4.72 | 6.23 | 11.99 | 5.22 | 3.29 | 3.93 | 2.55 | (4.72 | ) | (13.82 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | (0.09 | ) | 2.45 | 4.75 | 6.84 | 12.18 | 5.34 | 3.53 | 4.06 | 2.68 | (4.48 | ) | (13.46 | ) | ||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(3) | (0.00 | )(3) | 0.00 | (3) | 0.08 | 0.00 | (3) | 0.01 | 0.01 | 0.01 | (0.01 | ) | 0.01 | (0.06 | ) | |||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.18 | ) | (0.09 | ) | (0.02 | ) | (0.55 | ) | (0.17 | ) | (0.11 | ) | (0.23 | ) | (0.34 | ) | (0.12 | ) | (0.29 | ) | (0.32 | ) | ||||||||||||||||||||||
Net realized gains | (0.88 | ) | (0.16 | ) | — | (2.03 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total distributions | (1.06 | ) | (0.25 | ) | (0.02 | ) | (2.58 | ) | (0.17 | ) | (0.11 | ) | (0.23 | ) | (0.34 | ) | (0.12 | ) | (0.29 | ) | (0.32 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 56.15 | $ | 57.30 | $ | 55.10 | $ | 66.35 | $ | 62.01 | $ | 26.60 | $ | 21.36 | $ | 18.05 | $ | 14.32 | $ | 11.77 | $ | 16.53 | ||||||||||||||||||||||
Total return (4) | (0.19 | )% | 4.51 | % | 9.43 | % | 11.08 | % | 24.35 | % | 25.01 | % | 19.85 | % | 28.59 | % | 22.61 | % | (27.30 | )% | (44.63 | )% | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 19,653 | $ | 22,919 | $ | 19,284 | $ | 13,270 | $ | 9,301 | $ | 2,209,002 | $ | 1,321,402 | $ | 774,381 | $ | 700,790 | $ | 556,111 | $ | 535,553 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.35 | %(5) | 0.35 | %(5) | 0.35 | %(5) | 0.35 | %(5) | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.56 | %(5) | 0.20 | % | 0.12 | %(5) | 1.84 | %(5) | 0.42 | %(5) | 0.94 | %(5) | 1.30 | % | 0.78 | % | 0.84 | % | 1.84 | % | 1.80 | % | ||||||||||||||||||||||
Portfolio turnover rate (6) | 18 | % | 42 | % | 21 | % | 25 | % | 25 | % | 19 | % | 46 | % | 38 | % | 48 | % | 82 | % | 76 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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279
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Metals & Mining ETF | SPDR S&P Oil & Gas Equipment & Services ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 41.49 | $ | 69.40 | $ | 45.67 | $ | 37.07 | $ | 94.16 | $ | 62.63 | $ | 30.74 | $ | 41.48 | $ | 25.04 | $ | 21.76 | $ | 50.90 | $ | 36.90 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.33 | (1) | 0.55 | (1) | 0.40 | (1) | 0.38 | (1) | 0.55 | (1) | 0.39 | 0.15 | (1) | 0.14 | (1) | 0.28 | (1) | 0.16 | (1) | 0.18 | (1) | 0.11 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 3.64 | (27.86 | ) | 23.76 | 8.59 | (57.11 | ) | 31.54 | 3.90 | (10.73 | ) | 16.44 | 3.27 | (29.14 | ) | 14.11 | ||||||||||||||||||||||||||||||||
Total from investment operations | 3.97 | (27.31 | ) | 24.16 | 8.97 | (56.56 | ) | 31.93 | 4.05 | (10.59 | ) | 16.72 | 3.43 | (28.96 | ) | 14.22 | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.03 | (0.03 | ) | (0.01 | ) | (0.02 | ) | 0.04 | — | 0.00 | (3) | 0.00 | (3) | 0.02 | (0.00 | )(3) | (0.00 | )(3) | (0.00 | )(3) | ||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.35 | ) | (0.57 | ) | (0.42 | ) | (0.35 | ) | (0.57 | ) | (0.40 | ) | (0.16 | ) | (0.15 | ) | (0.30 | ) | (0.15 | ) | (0.18 | ) | (0.12 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | — | — | — | (0.10 | ) | |||||||||||||||||||||||||||||||||||
Total distributions | (0.35 | ) | (0.57 | ) | (0.42 | ) | (0.35 | ) | (0.57 | ) | (0.40 | ) | (0.16 | ) | (0.15 | ) | (0.30 | ) | (0.15 | ) | (0.18 | ) | (0.22 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 45.14 | $ | 41.49 | $ | 69.40 | $ | 45.67 | $ | 37.07 | $ | 94.16 | $ | 34.63 | $ | 30.74 | $ | 41.48 | $ | 25.04 | $ | 21.76 | $ | 50.90 | ||||||||||||||||||||||||
Total return (4) | 9.64 | % | (39.46 | )% | 52.93 | % | 24.08 | % | (59.95 | )% | 51.22 | % | 13.19 | % | (25.56 | )% | 67.00 | % | 15.71 | % | (56.87 | )% | 38.61 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,015,610 | $ | 769,680 | $ | 1,131,189 | $ | 698,812 | $ | 602,423 | $ | 819,193 | $ | 277,071 | $ | 248,972 | $ | 489,450 | $ | 249,145 | $ | 199,101 | $ | 279,948 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | %(5) | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | 0.36 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.50 | %(5) | 1.06 | % | 0.63 | % | 0.78 | % | 1.43 | % | 0.59 | % | 0.91 | %(5) | 0.39 | % | 0.77 | % | 0.56 | % | 0.75 | % | 0.28 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 20 | % | 32 | % | 68 | % | 43 | % | 68 | % | 59 | % | 15 | % | 30 | % | 96 | % | 39 | % | 42 | % | 51 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
280
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281
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Oil & Gas Exploration & Production ETF | SPDR S&P Pharmaceuticals ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 50.40 | $ | 58.77 | $ | 39.02 | $ | 31.67 | $ | 70.10 | $ | 45.93 | $ | 59.34 | $ | 50.89 | $ | 38.66 | $ | 30.00 | $ | 31.08 | $ | 35.57 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.41 | (1) | 0.44 | (1) | 0.48 | (1) | 0.24 | (1) | 0.29 | (1) | 0.13 | 0.82 | (1) | 0.45 | (1) | 0.44 | (1) | 0.38 | (1) | 0.45 | (1) | 0.32 | (1) | |||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 3.65 | (8.37 | ) | 19.76 | 7.38 | (38.46 | ) | 24.16 | (3.33 | ) | 8.53 | 12.40 | 8.56 | (1.07 | ) | (4.51 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 4.06 | (7.93 | ) | 20.24 | 7.62 | (38.17 | ) | 24.29 | (2.51 | ) | 8.98 | 12.84 | 8.94 | (0.62 | ) | (4.19 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.04 | 0.01 | (0.01 | ) | (0.04 | ) | 0.02 | 0.02 | (0.04 | ) | 0.03 | (0.00 | )(3) | 0.04 | 0.03 | 0.03 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.43 | ) | (0.45 | ) | (0.48 | ) | (0.23 | ) | (0.28 | ) | (0.14 | ) | (0.85 | ) | (0.48 | ) | (0.41 | ) | (0.32 | ) | (0.44 | ) | (0.33 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | (0.08 | ) | (0.20 | ) | — | (0.05 | ) | — | |||||||||||||||||||||||||||||||||
Total distributions | (0.43 | ) | (0.45 | ) | (0.48 | ) | (0.23 | ) | (0.28 | ) | (0.14 | ) | (0.85 | ) | (0.56 | ) | (0.61 | ) | (0.32 | ) | (0.49 | ) | (0.33 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 54.07 | $ | 50.40 | $ | 58.77 | $ | 39.02 | $ | 31.67 | $ | 70.10 | $ | 55.94 | $ | 59.34 | $ | 50.89 | $ | 38.66 | $ | 30.00 | $ | 31.08 | ||||||||||||||||||||||||
Total return (4) | 8.13 | % | (13.49 | )% | 51.84 | % | 23.92 | % | (54.44 | )% | 52.99 | % | (4.39 | )% | 17.86 | % | 33.35 | % | 30.00 | % | (1.89 | )% | (11.73 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 711,040 | $ | 866,842 | $ | 593,571 | $ | 536,504 | $ | 280,282 | $ | 311,952 | $ | 307,657 | $ | 471,793 | $ | 244,298 | $ | 143,064 | $ | 40,499 | $ | 9,328 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | %(5) | 0.35 | % | 0.36 | % | 0.36 | % | 0.36 | % | 0.35 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.53 | %(5) | 0.82 | % | 0.92 | % | 0.60 | % | 0.82 | % | 0.28 | % | 2.78 | %(5) | 0.86 | % | 0.96 | % | 1.00 | % | 1.59 | % | 0.97 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 23 | % | 42 | % | 87 | % | 33 | % | 45 | % | 44 | % | 22 | % | 31 | % | 50 | % | 47 | % | 80 | % | 50 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Retail ETF | SPDR S&P Semiconductor ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 59.03 | $ | 53.48 | $ | 35.65 | $ | 27.70 | $ | 29.26 | $ | 43.54 | $ | 44.65 | $ | 56.02 | $ | 41.86 | $ | 33.86 | $ | 41.62 | $ | 53.22 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.72 | (1) | 0.60 | (1) | 0.46 | (1) | 0.36 | (1) | 0.40 | (1) | 0.37 | 0.20 | (1) | 0.43 | (1) | 0.21 | (1) | 0.38 | (1) | 0.35 | (1) | 0.24 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 3.42 | 5.50 | 17.69 | 8.30 | (1.70 | ) | (14.39 | ) | 0.51 | (11.41 | ) | 14.30 | 8.01 | (7.84 | ) | (11.58 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 4.14 | 6.10 | 18.15 | 8.66 | (1.30 | ) | (14.02 | ) | 0.71 | (10.98 | ) | 14.51 | 8.39 | (7.49 | ) | (11.34 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.02 | ) | 0.03 | 0.14 | (0.16 | ) | (0.01 | ) | (0.09 | ) | (0.01 | ) | (0.02 | ) | (0.02 | ) | (0.02 | ) | 0.02 | 0.01 | ||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.78 | ) | (0.58 | ) | (0.46 | ) | (0.55 | ) | (0.43 | ) | (0.31 | ) | (0.21 | ) | (0.37 | ) | (0.33 | ) | (0.37 | ) | (0.29 | ) | (0.27 | ) | ||||||||||||||||||||||||
Total distributions | (0.78 | ) | (0.58 | ) | (0.46 | ) | (0.55 | ) | (0.43 | ) | (0.31 | ) | (0.21 | ) | (0.37 | ) | (0.33 | ) | (0.37 | ) | (0.29 | ) | (0.27 | ) | ||||||||||||||||||||||||
Voluntary contribution from Adviser | — | — | — | 0.00 | (3) | 0.18 | 0.14 | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 62.37 | $ | 59.03 | $ | 53.48 | $ | 35.65 | $ | 27.70 | $ | 29.26 | $ | 45.14 | $ | 44.65 | $ | 56.02 | $ | 41.86 | $ | 33.86 | $ | 41.62 | ||||||||||||||||||||||||
Total return (4) | 6.95 | % | 11.56 | % | 51.46 | % | 30.67 | %(5) | (3.61 | )%(5) | (32.11 | )%(5) | 1.57 | % | (19.65 | )% | 34.66 | % | 24.66 | % | (17.88 | )% | (21.30 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 586,252 | $ | 720,212 | $ | 548,165 | $ | 689,757 | $ | 1,018,007 | $ | 263,380 | $ | 33,852 | $ | 37,952 | $ | 114,841 | $ | 104,662 | $ | 103,282 | $ | 39,538 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.36 | %(6) | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | %(6) | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.32 | %(6) | 1.10 | % | 1.01 | % | 0.99 | % | 1.61 | % | 1.40 | % | 0.91 | %(6) | 0.89 | % | 0.40 | % | 0.87 | % | 1.12 | % | 0.52 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 17 | % | 39 | % | 69 | % | 26 | % | 69 | % | 50 | % | 19 | % | 36 | % | 88 | % | 19 | % | 41 | % | 65 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | If the Adviser had not made a voluntary contribution during the Year Ended 6/30/10, the total return would have decreased by less than 0.005%. If the Adviser had not made a voluntary contribution during the Year Ended 6/30/09, the total return would have been (3.62)%. If the Adviser had not made a voluntary contribution during the Year Ended 6/30/08, the total return would have been (32.44)%. | |
(6) | Annualized | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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285
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||||||||||
1500 | 1500 | |||||||||||||||||||||||||||||||||||||||
Momentum | Value | |||||||||||||||||||||||||||||||||||||||
SPDR S&P Software & Services ETF | SPDR S&P Telecom ETF | SPDR S&P Transportation ETF | Tilt ETF | Tilt ETF | ||||||||||||||||||||||||||||||||||||
For the | For the | |||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | Period | Period | |||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | 10/24/12*- | 10/24/12*- | |||||||||||||||||||||||||||||||||
12/31/12 | 9/28/11*- | 12/31/12 | Year Ended | 1/26/11*- | 12/31/12 | Year Ended | 1/26/11*- | 12/31/12 | 12/31/12 | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/12 | 6/30/11 | (Unaudited) | (Unaudited) | |||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 61.48 | $ | 50.00 | $ | 41.14 | $ | 51.59 | $ | 51.00 | $ | 49.56 | $ | 53.08 | $ | 50.88 | $ | 60.00 | $ | 60.00 | ||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.58 | (1) | 0.16 | (1) | 0.77 | (1) | 0.44 | (1) | 0.15 | (1) | 0.34 | (1) | 0.23 | (1) | 0.09 | (1) | 0.30 | (1) | 0.32 | (1) | ||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 2.67 | 11.47 | 4.76 | (10.42 | ) | 0.45 | 4.24 | (3.51 | ) | 2.18 | 0.32 | 1.05 | ||||||||||||||||||||||||||||
Total from investment operations | 3.25 | 11.63 | 5.53 | (9.98 | ) | 0.60 | 4.58 | (3.28 | ) | 2.27 | 0.62 | 1.37 | ||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.06 | ) | (0.01 | ) | — | (0.07 | ) | 0.13 | (0.00 | )(3) | (0.01 | ) | 0.03 | — | — | |||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.69 | ) | (0.14 | ) | (1.22 | ) | (0.40 | ) | (0.14 | ) | (0.34 | ) | (0.23 | ) | (0.08 | ) | (0.31 | ) | (0.34 | ) | ||||||||||||||||||||
Net realized gains | (1.47 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | (0.02 | ) | — | — | |||||||||||||||||||||||||||||
Total distributions | (2.16 | ) | (0.14 | ) | (1.22 | ) | (0.40 | ) | (0.14 | ) | (0.34 | ) | (0.23 | ) | (0.10 | ) | (0.31 | ) | (0.34 | ) | ||||||||||||||||||||
Net asset value, end of period | $ | 62.51 | $ | 61.48 | $ | 45.45 | $ | 41.14 | $ | 51.59 | $ | 53.80 | $ | 49.56 | $ | 53.08 | $ | 60.31 | $ | 61.03 | ||||||||||||||||||||
Total return (4) | 5.10 | % | 23.25 | % | 13.36 | % | (19.47 | )% | 1.43 | % | 9.23 | % | (6.14 | )% | 4.52 | % | 1.02 | % | 2.27 | % | ||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 12,502 | $ | 18,445 | $ | 4,545 | $ | 4,114 | $ | 10,318 | $ | 13,450 | $ | 12,391 | $ | 15,923 | $ | 6,031 | $ | 6,103 | ||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | %(5) | 0.35 | %(5) | 0.35 | %(5) | ||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.82 | %(5) | 0.35 | %(5) | 3.50 | %(5) | 1.01 | % | 0.67 | %(5) | 1.33 | %(5) | 0.50 | % | 0.41 | %(5) | 2.66 | %(5) | 2.84 | %(5) | ||||||||||||||||||||
Portfolio turnover rate (6) | 20 | % | 32 | % | 19 | % | 50 | % | 64 | % | 21 | % | 25 | % | 19 | % | — | %(7) | — | %(7) |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(7) | Amount shown represents less than 0.5%. |
286
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287
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Wells Fargo Preferred Stock ETF | ||||||||||||||||
Six Months | For the | |||||||||||||||
Ended | Period | |||||||||||||||
12/31/12 | Year Ended | Year Ended | 9/16/09*- | |||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | |||||||||||||
Net asset value, beginning of period | $ | 45.21 | $ | 45.62 | $ | 42.15 | $ | 40.00 | ||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income | 1.46 | (1) | 3.09 | (1) | 2.98 | (1) | 2.41 | (1) | ||||||||
Net realized and unrealized gain (loss) (2) | (0.16 | ) | (0.84 | ) | 3.32 | 0.95 | ||||||||||
Total from investment operations | 1.30 | 2.25 | 6.30 | 3.36 | ||||||||||||
Net equalization credits and charges (1) | 0.08 | 0.18 | 0.22 | 0.63 | ||||||||||||
Distributions to shareholders from: | ||||||||||||||||
Net investment income | (1.63 | ) | (2.84 | ) | (3.05 | ) | (1.84 | ) | ||||||||
Total distributions | (1.63 | ) | (2.84 | ) | (3.05 | ) | (1.84 | ) | ||||||||
Net asset value, end of period | $ | 44.96 | $ | 45.21 | $ | 45.62 | $ | 42.15 | ||||||||
Total return (3) | 3.14 | % | 5.70 | % | 15.64 | % | 10.04 | % | ||||||||
Net assets, end of period (in 000’s) | $ | 321,453 | $ | 253,174 | $ | 118,609 | $ | 65,340 | ||||||||
Ratio of expenses to average net assets | 0.45 | %(4) | 0.45 | % | 0.46 | % | 0.45 | %(4) | ||||||||
Ratio of net investment income (loss) to average net assets | 6.33 | %(4) | 6.99 | % | 6.57 | % | 7.25 | %(4) | ||||||||
Portfolio turnover rate (5) | 30 | % | 69 | % | 26 | % | 22 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(4) | Annualized | |
(5) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
288
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS
NOTES TO FINANCIAL STATEMENTS
December 31, 2012 (Unaudited)
1. | Organization |
SPDR Series Trust (the “Trust”), which is registered under the Investment Company Act of 1940, as amended (“1940 Act”), is an open-end investment management company that was organized as a Massachusetts business trust on June 12, 1998.
As of December 31, 2012, the Trust offered sixty-five (65) portfolios, each of which represents a separate series of beneficial interest in the Trust (each referred to as a “Fund”, collectively as the “Funds”). The financial statements herein relate to the following thirty-six (36) Funds: SPDR Dow Jones Total Market ETF, SPDR Dow Jones Large Cap ETF, SPDR S&P 500 Growth ETF, SPDR S&P 500 Value ETF, SPDR Dow Jones Mid Cap ETF, SPDR S&P 400 Mid Cap Growth ETF, SPDR S&P 400 Mid Cap Value ETF, SPDR S&P 600 Small Cap ETF, SPDR S&P 600 Small Cap Growth ETF, SPDR S&P 600 Small Cap Value ETF, SPDR Global Dow ETF, SPDR Dow Jones REIT ETF, SPDR S&P Bank ETF (formerly SPDR KBW Bank ETF), SPDR S&P Capital Markets ETF (formerly SPDR KBW Capital Markets ETF), SPDR S&P Insurance ETF (formerly SPDR KBW Insurance ETF), SPDR S&P Mortgage Finance ETF (formerly SPDR KBW Mortgage Finance ETF), SPDR S&P Regional Banking ETF (formerly SPDR KBW Regional Banking ETF), SPDR Morgan Stanley Technology ETF, SPDR S&P Dividend ETF, SPDR S&P Aerospace & Defense ETF, SPDR S&P Biotech ETF, SPDR S&P Health Care Equipment ETF, SPDR S&P Health Care Services ETF, SPDR S&P Homebuilders ETF, SPDR S&P Metals & Mining ETF, SPDR S&P Oil & Gas Equipment & Services ETF, SPDR S&P Oil & Gas Exploration & Production ETF, SPDR S&P Pharmaceuticals ETF, SPDR S&P Retail ETF, SPDR S&P Semiconductor ETF, SPDR S&P Software & Services ETF, SPDR S&P Telecom ETF, SPDR Transportation ETF, SPDR S&P 1500 Momentum Tilt ETF, SPDR S&P 1500 Value Tilt ETF and SPDR Wells Fargo Preferred Stock ETF. Each Fund operates as a non-diversified investment company. The other twenty-nine (29) Funds are included in a separate Semi-Annual Report.
Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this could involve future claims that may be made against the Trust that have not yet occurred. However, based on experience, the Trust expects the risk of loss to be remote.
The Trust invests in various investments which are exposed to risks, such as market risk. Due to the level of risk associated with certain investments it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could be material.
An investment in a Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The value of each Fund’s shares will decline, more or less, in correlation with any decline in the value of the Fund’s benchmark index. The values of equity securities could decline generally or could underperform other investments. Generally, a Fund will not sell an equity security because the security’s issuer is in financial trouble, unless that security is removed from the Fund’s respective benchmark index.
2. | Summary of Significant Accounting Policies |
The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements:
The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. These financial statements are presented in United States dollars.
Security Valuation
The value of each Fund’s portfolio securities is based on the market price of the securities, which generally means a valuation obtained from an exchange or other market (or based on a price quotation or other equivalent indication of
289
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
value supplied by an exchange or other market) or a valuation obtained from an independent pricing service. Investments in open-end investment companies are valued at their net asset value each business day. If a security’s market price is not readily available or does not otherwise accurately reflect the fair value of the security, the security will be valued by another method that the Board of Trustees of the Trust (the “Board”) believes will better reflect fair value in accordance with the Trust’s valuation policies and procedures. The Board has delegated the process of valuing securities for which market quotations are not readily available or do not otherwise accurately reflect the fair value of the security to the Pricing and Investment Committee (the “Committee”). The Committee, subject to oversight by the Board, may use fair value pricing in a variety of circumstances, including but not limited to, situations when trading in a security has been suspended or halted. Accordingly, a Fund’s net asset value may reflect certain portfolio securities’ fair values rather than their market prices. Fair value pricing involves subjective judgements and it is possible that the fair value determination for a security is materially different than the value that could be received on the sale of the security.
The Funds continue to follow the authoritative guidance for fair value measurements and the fair value option for financial assets and financial liabilities. The guidance for the fair value option for financial assets and financial liabilities provides funds the irrevocable option to measure many financial assets and liabilities at fair value with changes in fair value recognized in earnings. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The guidance establishes three levels of inputs that may be used to measure fair value:
• | Level 1 — quoted prices in active markets for identical investments |
• | Level 2 — other significant observable inputs (including, but not limited to, quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments) |
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which the Funds’ net assets are computed and that may materially affect the value of the Funds’ investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict, acts of terrorism, and significant market fluctuations.
Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Fund’s benchmark index, which, in turn, could result in a difference between the Fund’s performance and the performance of the Fund’s benchmark index. The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The type of inputs used to value each security is identified in the Schedule of Investments, which also includes a breakdown of the Funds’ investments by industry.
The following table summarizes the inputs used in valuing the Funds’ investments as of December 31, 2012:
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
SPDR Series Trust | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR Dow Jones Total Market ETF | $ | 444,579,650 | $ | — | $ | — | $ | 444,579,650 | ||||||||
SPDR Dow Jones Large Cap ETF | 46,479,180 | — | — | 46,479,180 |
290
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
SPDR Series Trust | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR S&P 500 Growth ETF | $ | 219,352,321 | $ | — | $ | — | $ | 219,352,321 | ||||||||
SPDR S&P 500 Value ETF | 118,168,911 | — | — | 118,168,911 | ||||||||||||
SPDR Dow Jones Mid Cap ETF | 83,379,357 | — | — | 83,379,357 | ||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 72,730,532 | — | — | 72,730,532 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 28,239,620 | — | — | 28,239,620 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 247,880,349 | — | — | 247,880,349 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 176,547,830 | — | — | 176,547,830 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 141,642,099 | — | — | 141,642,099 | ||||||||||||
SPDR Global Dow ETF | 91,662,637 | — | — | 91,662,637 | ||||||||||||
SPDR Dow Jones REIT ETF | 1,969,493,836 | — | — | 1,969,493,836 | ||||||||||||
SPDR S&P Bank ETF | 1,801,287,996 | — | — | 1,801,287,996 | ||||||||||||
SPDR S&P Capital Markets ETF | 23,994,835 | — | — | 23,994,835 | ||||||||||||
SPDR S&P Insurance ETF | 148,425,607 | — | — | 148,425,607 | ||||||||||||
SPDR S&P Mortgage Finance ETF | 5,364,961 | — | — | 5,364,961 | ||||||||||||
SPDR S&P Regional Banking ETF | 1,233,763,131 | — | — | 1,233,763,131 | ||||||||||||
SPDR Morgan Stanley Technology ETF | 171,542,787 | — | — | 171,542,787 | ||||||||||||
SPDR S&P Dividend ETF | 9,840,006,368 | — | — | 9,840,006,368 | ||||||||||||
SPDR S&P Aerospace & Defense ETF | 15,150,506 | — | — | 15,150,506 | ||||||||||||
SPDR S&P Biotech ETF | 734,224,786 | — | — | 734,224,786 | ||||||||||||
SPDR S&P Health Care Equipment ETF | 20,003,389 | — | — | 20,003,389 | ||||||||||||
SPDR S&P Health Care Services ETF | 16,362,748 | — | — | 16,362,748 | ||||||||||||
SPDR S&P Homebuilders ETF | 2,382,356,327 | — | — | 2,382,356,327 | ||||||||||||
SPDR S&P Metals & Mining ETF | 1,104,189,306 | — | — | 1,104,189,306 | ||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 302,980,198 | — | — | 302,980,198 | ||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 763,814,757 | — | * | — | 763,814,757 | |||||||||||
SPDR S&P Pharmaceuticals ETF | 325,335,894 | — | — | 325,335,894 | ||||||||||||
SPDR S&P Retail ETF | 625,847,655 | — | — | 625,847,655 | ||||||||||||
SPDR S&P Semiconductor ETF | 39,097,274 | — | — | 39,097,274 | ||||||||||||
SPDR S&P Software & Services ETF | 16,303,410 | — | — | 16,303,410 | ||||||||||||
SPDR S&P Telecom ETF | 4,654,331 | — | — | 4,654,331 | ||||||||||||
SPDR S&P Transportation ETF | 13,524,013 | — | — | 13,524,013 | ||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 6,056,623 | — | — | 6,056,623 | ||||||||||||
SPDR S&P 1500 Value Tilt ETF | 6,132,413 | — | — | 6,132,413 | ||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 348,437,162 | — | — | 348,437,162 |
* | Fund held Level 2 securities that were valued at $0 at December 31, 2012. |
There were no transfers between levels for the period ended December 31, 2012.
Investment Income
Dividend income is recorded on the ex-dividend date. Interest income, if any, is recorded on the accrual basis. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis
291
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
of such securities. Certain Funds invest in Real Estate Investment Trusts (REITs). REITs will determine the characterization of their income annually and may characterize a portion of their distributions as a return of capital or capital gain. The Funds’ policy is to record all REIT distributions as dividend income initially and re-designate the prior calendar year’s return of capital or capital gain distributions at year end.
Expenses
Advisory fees and other expenses, which are directly identifiable to a specific Fund, are applied to that Fund. Trustees’ fees and other expenses which cannot be attributed to a Fund are allocated in such a manner as deemed equitable, taking into consideration the relative net assets of the Funds.
Equalization
The Funds follow the accounting practice known as “Equalization” by which a portion of the proceeds from sales and costs of reacquiring Fund shares, equivalent on a per share basis to the amount of distributable net investment income on the date of the transaction, is credited or charged to undistributed net investment income. As a result, undistributed net investment income per share is unaffected by sales or reacquisition of Fund shares. Amounts related to Equalization can be found on the Statements of Changes in Net Assets.
Investment Transactions
Investment transactions are recorded on the trade date. Realized gains and losses from the sale or disposition of securities and foreign exchange transactions are recorded on the identified cost basis. Corporate actions (including cash dividends) are recorded net of foreign tax withholdings on the ex-dividend date.
Foreign Currency Translation and Foreign Investments
The accounting records of the Funds are maintained in U.S. dollars. Portfolio securities and other assets and liabilities denominated in a foreign currency are translated to U.S. dollars at the prevailing rates of exchange at period end. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the prevailing exchange rate on the respective dates of transactions. The effects of changes in foreign currency exchange rates on portfolio investments are included in the net realized and unrealized gains and losses on investments and foreign currency transactions on the Statements of Operations. Net gains and losses on foreign currency transactions include disposition of foreign currencies, and currency gains and losses between the accrual and receipt dates of portfolio investment income and between the trade and settlement dates of portfolio investment transactions.
Investing in securities of foreign companies and foreign governments involves special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. government. These risks include revaluation of currencies and the risk of expropriation. Moreover, the markets for securities of many foreign companies and foreign governments may be less liquid and the prices of such securities may be more volatile than those of comparable U.S. companies and the U.S. government.
Some foreign markets in which the Funds invest are considered emerging markets. Investment in these emerging markets subjects a Fund to a greater risk of loss than investments in a developed market. This is due to, among other things, greater market volatility, lower trading volume, political and economic instability, higher levels of inflation, deflation or currency devaluation, greater risk of market shut down, and more governmental limitations on foreign investment policy than those typically found in a developed market.
Federal Income Tax
The Funds have qualified and intend to continue to qualify for and elect treatment as “regulated investment companies” under Subchapter M of the Internal Revenue Code of 1986, as amended. By so qualifying and electing, each Fund will not be subject to federal income taxes to the extent it distributes its taxable income, including any net realized capital gains, for each fiscal year. In addition, by distributing during each calendar year substantially all of their net investment income and capital gains, if any, the Funds will not be subject to federal excise tax. Income and
292
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
capital gain distributions are determined in accordance with income tax regulations which may differ from U.S. generally accepted accounting principles. These book-tax differences are primarily due to differing treatments for tax equalization, in-kind transactions, foreign currencies, REITs and losses deferred due to wash sales.
Additionally, based on the Funds’ understanding of the tax rules and rates related to income, gains and transactions for the foreign jurisdictions in which the applicable Funds invest, the Funds will provide for foreign taxes and, where appropriate, deferred foreign taxes.
The Funds have reviewed the tax positions for the open tax years as of June 30, 2012 and have determined that no provision for income tax is required in the Funds’ Financial Statements. The Funds’ federal tax returns for the prior three fiscal years remain subject to examination by the Funds’ major tax jurisdictions, which include the United States of America and the Commonwealth of Massachusetts. The Funds recognized interest and penalties, if any, related to tax liabilities as income tax expense in the Statements of Operations.
For the six months ended December 31, 2012, the following Funds reclassified non-taxable security gains and losses realized on the in-kind redemption of Creation Units (Note 4) as an increase or decrease to paid in capital in the Statements of Assets and Liabilities as follows:
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR Dow Jones Total Market ETF | $ | 5,684,588 | ||
SPDR Dow Jones Large Cap ETF | — | |||
SPDR S&P 500 Growth ETF | 4,744,855 | |||
SPDR S&P 500 Value ETF | — | |||
SPDR Dow Jones Mid Cap ETF | — | |||
SPDR S&P 400 Mid Cap Growth ETF | 493,528 | |||
SPDR S&P 400 Mid Cap Value ETF | — | |||
SPDR S&P 600 Small Cap ETF | — | |||
SPDR S&P 600 Small Cap Growth ETF | 2,187,463 | |||
SPDR S&P 600 Small Cap Value ETF | 1,668,294 | |||
SPDR Global Dow ETF | (333,999 | ) | ||
SPDR Dow Jones REIT ETF | 57,441,481 | |||
SPDR S&P Bank ETF | 46,917,964 | |||
SPDR S&P Capital Markets ETF | (1,062,192 | ) | ||
SPDR S&P Insurance ETF | 5,145,405 | |||
SPDR S&P Mortgage Finance ETF | — | |||
SPDR S&P Regional Banking ETF | 50,268,524 | |||
SPDR Morgan Stanley Technology ETF | 4,001,850 | |||
SPDR S&P Dividend ETF | 76,246,378 | |||
SPDR S&P Aerospace & Defense ETF | 711,494 | |||
SPDR S&P Biotech ETF | 87,664,158 | |||
SPDR S&P Health Care Equipment ETF | 701,725 | |||
SPDR S&P Health Care Services ETF | 679,105 | |||
SPDR S&P Homebuilders ETF | 172,637,063 | |||
SPDR S&P Metals & Mining ETF | 44,442,453 | |||
SPDR S&P Oil & Gas Equipment & Services ETF | 11,580,563 | |||
SPDR S&P Oil & Gas Exploration & Production ETF | 74,662,846 | |||
SPDR S&P Pharmaceuticals ETF | 45,647,707 |
293
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR S&P Retail ETF | $ | 63,319,039 | ||
SPDR S&P Semiconductor ETF | (677,870 | ) | ||
SPDR S&P Software & Services ETF | 1,145,861 | |||
SPDR S&P Telecom ETF | — | |||
SPDR S&P Transportation ETF | 356,911 | |||
SPDR S&P 1500 Momentum Tilt ETF | — | |||
SPDR S&P 1500 Value Tilt ETF | — | |||
SPDR Wells Fargo Preferred Stock ETF | 2,972,485 |
At December 31, 2012, the Funds had capital loss carryforwards which may be utilized to offset any net realized capital gains expiring June 30:
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Short Term | Long Term | ||||||||||||||||||||||||||||
SPDR Dow Jones Total Market ETF | $ | (153,659 | ) | $ | (4,842,998 | ) | $ | — | $ | — | $ | (1,378,715 | ) | $ | (4,870,723 | ) | $ | (1,146,926 | ) | $ | — | $ | — | |||||||||||||
SPDR Dow Jones Large Cap ETF | — | — | — | — | (131,432 | ) | (526,163 | ) | (227,965 | ) | — | (86,355 | ) | |||||||||||||||||||||||
SPDR S&P 500 Growth ETF | (309,686 | ) | (3,652,975 | ) | — | — | (6,452,641 | ) | (26,035,843 | ) | (4,526,393 | ) | (51,773 | ) | (9,309,802 | ) | ||||||||||||||||||||
SPDR S&P 500 Value ETF | — | — | — | — | — | (13,363,719 | ) | — | — | — | ||||||||||||||||||||||||||
SPDR Dow Jones Mid Cap ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | — | — | — | — | (1,189,015 | ) | (3,258,647 | ) | — | (85,582 | ) | (1,840,757 | ) | |||||||||||||||||||||||
SPDR S&P 400 Mid Cap Value ETF | — | — | — | — | (258,758 | ) | (1,312,574 | ) | — | — | — | |||||||||||||||||||||||||
SPDR S&P 600 Small Cap ETF | — | — | — | — | — | — | — | — | (510,725 | ) | ||||||||||||||||||||||||||
SPDR S&P 600 Small Cap Growth ETF | — | — | — | — | (2,152,440 | ) | (4,620,622 | ) | (597,565 | ) | — | (13,909,318 | ) | |||||||||||||||||||||||
SPDR S&P 600 Small Cap Value ETF | — | — | — | — | — | (4,540,155 | ) | — | — | (1,256,290 | ) | |||||||||||||||||||||||||
SPDR Global Dow ETF | — | — | (282,717 | ) | — | (12,535,918 | ) | (9,895,403 | ) | (1,919,341 | ) | — | (5,393,973 | ) | ||||||||||||||||||||||
SPDR Dow Jones REIT ETF | — | — | — | — | (1,122,565 | ) | (192,486,170 | ) | (41,263,965 | ) | — | (63,530,134 | ) | |||||||||||||||||||||||
SPDR S&P Bank ETF | — | — | — | (435,385 | ) | (118,852,502 | ) | (300,189,040 | ) | (58,102,723 | ) | (160,618,353 | ) | (179,889,024 | ) | |||||||||||||||||||||
SPDR S&P Capital Markets ETF | — | — | — | (9,042,847 | ) | (23,772,407 | ) | (28,551,883 | ) | (3,599,019 | ) | (2,091,546 | ) | (18,161,491 | ) | |||||||||||||||||||||
SPDR S&P Insurance ETF | — | — | — | (514,950 | ) | (1,401,569 | ) | (15,750,318 | ) | (2,228,942 | ) | (8,924,643 | ) | (12,584,216 | ) | |||||||||||||||||||||
SPDR S&P Mortgage Finance ETF | — | — | — | — | — | — | (4,121 | ) | (522,029 | ) | (541,405 | ) | ||||||||||||||||||||||||
SPDR S&P Regional Banking ETF | — | — | — | — | (24,075,194 | ) | (150,464,974 | ) | (69,415,296 | ) | (10,910,095 | ) | (122,351,768 | ) | ||||||||||||||||||||||
SPDR Morgan Stanley Technology ETF | (8,746,932 | ) | (3,784,746 | ) | (2,360,832 | ) | (745,443 | ) | (2,659,957 | ) | (20,984,667 | ) | — | (347,105 | ) | (11,067,251 | ) | |||||||||||||||||||
SPDR S&P Dividend ETF | — | — | — | — | — | (20,923,750 | ) | (11,266,407 | ) | — | — | |||||||||||||||||||||||||
SPDR S&P Aerospace & Defense ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P Biotech ETF | — | — | (2,145,212 | ) | (733,614 | ) | (24,363,945 | ) | (73,086,286 | ) | (31,726,818 | ) | (16,250,473 | ) | (32,470,397 | ) | ||||||||||||||||||||
SPDR S&P Health Care Equipment ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P Health Care Services ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P Homebuilders ETF | — | — | (4,745,039 | ) | (8,203,751 | ) | (24,813,335 | ) | (116,404,014 | ) | (6,579,404 | ) | (49,354,688 | ) | (43,104,204 | ) | ||||||||||||||||||||
SPDR S&P Metals & Mining ETF | — | — | (104,652 | ) | — | (49,841,508 | ) | (215,129,022 | ) | (37,272,818 | ) | (142,380,127 | ) | (57,608,684 | ) | |||||||||||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | — | — | — | — | (1,830,538 | ) | (54,465,863 | ) | (10,490,714 | ) | (16,208,120 | ) | (3,563,911 | ) |
294
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Short Term | Long Term | ||||||||||||||||||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | $ | — | $ | — | $ | — | $ | — | $ | (11,779,459 | ) | $ | (112,377,725 | ) | $ | (24,606,261 | ) | $ | (91,846,768 | ) | $ | (21,712,807 | ) | |||||||||||||
SPDR S&P Pharmaceuticals ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P Retail ETF | — | — | — | (1,022,978 | ) | (250,690 | ) | (32,271,270 | ) | (5,453,137 | ) | (35,812,546 | ) | (2,047,801 | ) | |||||||||||||||||||||
SPDR S&P Semiconductor ETF | — | — | (1,832,423 | ) | — | (12,113,199 | ) | (5,691,659 | ) | (1,965,596 | ) | (12,762,146 | ) | (2,316,368 | ) | |||||||||||||||||||||
SPDR S&P Software & Services ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P Telecom ETF | — | — | — | — | — | — | — | (997,870 | ) | (103,701 | ) | |||||||||||||||||||||||||
SPDR S&P Transportation ETF | — | — | — | — | — | — | — | (728,484 | ) | (51,140 | ) | |||||||||||||||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P 1500 Value Tilt ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | — | — | — | — | — | (18,976 | ) | (173,528 | ) | (1,845,404 | ) | (636,000 | ) |
During the tax year ended June 30, 2012, the Funds utilized/expired capital loss carryforwards in the following amounts:
Amount Utilized | Amount Expired | |||||||
SPDR Dow Jones Total Market ETF | $ | 209,466 | $ | 1,139,028 | ||||
SPDR S&P 500 Growth ETF | — | 2,821,107 | ||||||
SPDR S&P 500 Value ETF | 4,289,002 | — | ||||||
SPDR S&P 400 Mid Cap Value ETF | 19,723 | — | ||||||
SPDR Global Dow ETF | — | 984,760 | ||||||
SPDR Morgan Stanley Technology ETF | — | 19,143,628 | ||||||
SPDR S&P Dividend ETF | 70,701,386 | — |
Under current tax laws, certain capital and foreign currency losses realized after October 31 and ordinary income losses realized after December 31, may be deferred and treated as occurring on the first day of the following fiscal year. The Funds elected for federal income tax purposes to defer the following current year post October 31 and post December 31 losses, as applicable, as though the losses were incurred on the first day of the next fiscal year:
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
SPDR Dow Jones Total Market ETF | $ | (598,566 | ) | $ | — | |||
SPDR Dow Jones Large Cap ETF | — | — | ||||||
SPDR S&P 500 Growth ETF | — | — | ||||||
SPDR S&P 500 Value ETF | — | — | ||||||
SPDR Dow Jones Mid Cap ETF | — | — | ||||||
SPDR S&P 400 Mid Cap Growth ETF | — | — | ||||||
SPDR S&P 400 Mid Cap Value ETF | — | — | ||||||
SPDR S&P 600 Small Cap ETF | — | — | ||||||
SPDR S&P 600 Small Cap Growth ETF | — | — | ||||||
SPDR S&P 600 Small Cap Value ETF | — | — | ||||||
SPDR Global Dow ETF | — | — | ||||||
SPDR Dow Jones REIT ETF | — | — | ||||||
SPDR S&P Bank ETF | — | — | ||||||
SPDR S&P Capital Markets ETF | — | — |
295
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
SPDR S&P Insurance ETF | $ | — | $ | — | ||||
SPDR S&P Mortgage Finance ETF | — | — | ||||||
SPDR S&P Regional Banking ETF | — | — | ||||||
SPDR Morgan Stanley Technology ETF | — | — | ||||||
SPDR S&P Dividend ETF | — | — | ||||||
SPDR S&P Aerospace & Defense ETF | — | — | ||||||
SPDR S&P Biotech ETF | — | — | ||||||
SPDR S&P Health Care Equipment ETF | — | — | ||||||
SPDR S&P Health Care Services ETF | — | — | ||||||
SPDR S&P Homebuilders ETF | — | — | ||||||
SPDR S&P Metals & Mining ETF | — | — | ||||||
SPDR S&P Oil & Gas Equipment & Services ETF | — | — | ||||||
SPDR S&P Oil & Gas Exploration & Production ETF | — | — | ||||||
SPDR S&P Pharmaceuticals ETF | (5,299,413 | ) | — | |||||
SPDR S&P Retail ETF | — | — | ||||||
SPDR S&P Semiconductor ETF | — | — | ||||||
SPDR S&P Software & Services ETF | — | — | ||||||
SPDR S&P Telecom ETF | — | — | ||||||
SPDR S&P Transportation ETF | — | — | ||||||
SPDR S&P 1500 Momentum Tilt ETF | — | — | ||||||
SPDR S&P 1500 Value Tilt ETF | — | — | ||||||
SPDR Wells Fargo Preferred Stock ETF | — | — |
Distributions
Each Fund declares and distributes dividends from net investment income, if any, to its shareholders quarterly. The Trust declares and distributes net realized capital gains, if any, at least annually. Distributions are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles.
3. | Fees and Compensation Paid to Affiliates and Other Related Party Transactions |
Advisory Fee
Each Fund has entered into an Investment Advisory Agreement with SSgA Funds Management, Inc. (the “Adviser” or “SSgA FM”). As compensation for the services rendered, facilities furnished, and expenses borne by the Adviser, each Fund pays the Adviser a fee accrued daily and paid monthly, based on a percentage of each Fund’s average daily net assets as shown in the following table:
Annual Rate | ||||
SPDR Dow Jones Total Market ETF | 0.20 | % | ||
SPDR Dow Jones Large Cap ETF | 0.20 | |||
SPDR S&P 500 Growth ETF | 0.20 | |||
SPDR S&P 500 Value ETF | 0.20 | |||
SPDR Dow Jones Mid Cap ETF | 0.25 | |||
SPDR S&P 400 Mid Cap Growth ETF | 0.25 |
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NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Annual Rate | ||||
SPDR S&P 400 Mid Cap Value ETF | 0.25 | % | ||
SPDR S&P 600 Small Cap ETF | 0.20 | |||
SPDR S&P 600 Small Cap Growth ETF | 0.25 | |||
SPDR S&P 600 Small Cap Value ETF | 0.25 | |||
SPDR Global Dow ETF | 0.50 | |||
SPDR Dow Jones REIT ETF | 0.25 | |||
SPDR S&P Bank ETF | 0.35 | |||
SPDR S&P Capital Markets ETF | 0.35 | |||
SPDR S&P Insurance ETF | 0.35 | |||
SPDR S&P Mortgage Finance ETF | 0.35 | |||
SPDR S&P Regional Banking ETF | 0.35 | |||
SPDR Morgan Stanley Technology ETF | 0.50 | |||
SPDR S&P Dividend ETF | 0.35 | |||
SPDR S&P Aerospace & Defense ETF | 0.35 | |||
SPDR S&P Biotech ETF | 0.35 | |||
SPDR S&P Health Care Equipment ETF | 0.35 | |||
SPDR S&P Health Care Services ETF | 0.35 | |||
SPDR S&P Homebuilders ETF | 0.35 | |||
SPDR S&P Metals & Mining ETF | 0.35 | |||
SPDR S&P Oil & Gas Equipment & Services ETF | 0.35 | |||
SPDR S&P Oil & Gas Exploration & Production ETF | 0.35 | |||
SPDR S&P Pharmaceuticals ETF | 0.35 | |||
SPDR S&P Retail ETF | 0.35 | |||
SPDR S&P Semiconductor ETF | 0.35 | |||
SPDR S&P Software & Services ETF | 0.35 | |||
SPDR S&P Telecom ETF | 0.35 | |||
SPDR S&P Transportation ETF | 0.35 | |||
SPDR S&P 1500 Momentum Tilt ETF | 0.35 | |||
SPDR S&P 1500 Value Tilt ETF | 0.35 | |||
SPDR Wells Fargo Preferred Stock ETF | 0.45 |
The Adviser pays all operating expenses of each Fund other than management fee, distribution fee pursuant to each Fund’s Distribution and Service Plan, if any, brokerage, taxes, interest, fees and expenses of the Independent Trustees (including any Trustees’ counsel fees), litigation expenses, acquired fund fees and expenses and other extraordinary expenses.
State Street Bank and Trust Company (“State Street”), an affiliate of the Adviser, receives fees for its services as Custodian, Administrator and Transfer Agent from the Adviser. See also Note 4.
State Street also acts as the securities lending agent for the Funds and receives a portion of any lending income. In addition, cash collateral from lending activities is invested in the State Street Navigator Securities Lending Prime Portfolio (“Prime Portfolio”) for which SSgA FM serves as the investment adviser. Prime Portfolio is a series of State Street Navigator Securities Lending Trust, a registered investment company under the 1940 Act, and operates as a money market fund in compliance with Rule 2a-7 under the 1940 Act. See Note 8 for additional information regarding securities lending.
297
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
For the period ended December 31, 2012, State Street earned securities lending agent fees from the following Funds:
Securities Lending | ||||
Agent Fees | ||||
SPDR Dow Jones Total Market ETF | $ | 9,051 | ||
SPDR Dow Jones Large Cap ETF | 1,164 | |||
SPDR S&P 500 Growth ETF | 1,623 | |||
SPDR S&P 500 Value ETF | 1,870 | |||
SPDR Dow Jones Mid Cap ETF | 5,211 | |||
SPDR S&P 400 Mid Cap Growth ETF | 3,554 | |||
SPDR S&P 400 Mid Cap Value ETF | 1,701 | |||
SPDR S&P 600 Small Cap ETF | 19,088 | |||
SPDR S&P 600 Small Cap Growth ETF | 21,042 | |||
SPDR S&P 600 Small Cap Value ETF | 7,319 | |||
SPDR Global Dow ETF | 3,662 | |||
SPDR Dow Jones REIT ETF | 18,994 | |||
SPDR S&P Bank ETF | 19,776 | |||
SPDR S&P Capital Markets ETF | 2,419 | |||
SPDR S&P Insurance ETF | 1,420 | |||
SPDR S&P Mortgage Finance ETF | 221 | |||
SPDR S&P Regional Banking ETF | 27,344 | |||
SPDR Morgan Stanley Technology ETF | 6,890 | |||
SPDR S&P Dividend ETF | 343,815 | |||
SPDR S&P Aerospace & Defense ETF | 1,267 | |||
SPDR S&P Biotech ETF | 270,010 | |||
SPDR S&P Health Care Equipment ETF | — | |||
SPDR S&P Health Care Services ETF | 527 | |||
SPDR S&P Homebuilders ETF | 87,775 | |||
SPDR S&P Metals & Mining ETF | 117,972 | |||
SPDR S&P Oil & Gas Equipment & Services ETF | 80,454 | |||
SPDR S&P Oil & Gas Exploration & Production ETF | 214,411 | |||
SPDR S&P Pharmaceuticals ETF | 37,644 | |||
SPDR S&P Retail ETF | 169,505 | |||
SPDR S&P Semiconductor ETF | 5,066 | |||
SPDR S&P Software & Services ETF | 1,876 | |||
SPDR S&P Telecom ETF | — | |||
SPDR S&P 1500 Momentum Tilt ETF | — | |||
SPDR S&P 1500 Value Tilt ETF | — | |||
SPDR Wells Fargo Preferred Stock ETF | 29,731 |
Distributor
State Street Global Markets, LLC (the “Distributor”), an affiliate of the Adviser, serves as the distributor of the shares of each Fund. Pursuant to a Distribution and Service Plan adopted in accordance with Rule 12b-1 under the 1940 Act, each Fund, with the exception of SPDR Dow Jones Total Market ETF, is authorized to pay an amount of up to 0.25% of its average daily net assets for certain distribution-related activities. However, the Board of Trustees has
298
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
determined that no such payments will be made through at least October 31, 2013 and therefore no such payments have been made.
The Distributor has established an assisted trading program to aid Authorized Participants in certain creation and redemption activity for which the Distributor receives commissions from Authorized Participants. In addition, the Distributor receives compensation from State Street associated with on-line creation and redemption activity of Authorized Participants.
Trustees’ Fees
The Trust, SSgA Master Trust, SSgA Active ETF Trust and SPDR Index Shares Funds pay, in the aggregate, each Independent Trustee an annual fee of $150,000 plus $10,000 per in-person meeting attended and $1,250 for each telephonic or video conference meeting attended. The Chairman of the Board receives an additional annual fee of $50,000 and the Chairman of the Audit Committee receives an additional annual fee of $20,000. The Trust also reimburses each Independent Trustee for travel and other out-of-pocket expenses incurred by him/her in connection with attending such meetings and in connection with attending industry seminars and meetings. Trustee fees are allocated among the Trusts and each of their respective series in such a manner as deemed equitable, taking into consideration the relative net assets of the series.
Transactions with Affiliates
The Funds listed below have invested in an affiliated company, State Street Corp. Amounts relating to these investments at December 31, 2012 and for the period then ended are:
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
at 6/30/12 | 6/30/12 | Cost | Shares | Proceeds | Shares | at 12/31/12 | 12/31/12 | Income | Gain/(Loss) | |||||||||||||||||||||||||||||||
SPDR Dow Jones Total Market ETF | 14,451 | $ | 645,093 | $ | — | — | $ | 21,393 | 519 | 13,932 | $ | 654,943 | $ | 6,687 | $ | 52 | ||||||||||||||||||||||||
SPDR Dow Jones Large Cap ETF | 1,571 | 70,129 | — | — | 4,372 | 100 | 1,471 | 69,152 | 706 | (3,189 | ) | |||||||||||||||||||||||||||||
SPDR S&P 500 Value ETF | 8,598 | 383,815 | 40,013 | 882 | 41,502 | 900 | 8,580 | 403,346 | 4,099 | 397 | ||||||||||||||||||||||||||||||
SPDR S&P Capital Markets ETF | 14,765 | 659,110 | 928,177 | 22,178 | 1,034,983 | 25,126 | 11,817 | 555,517 | 5,888 | (138,482 | ) | |||||||||||||||||||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | — | — | 4,072 | 92 | — | — | 92 | 4,325 | 22 | — | ||||||||||||||||||||||||||||||
SPDR S&P 1500 Value Tilt ETF | — | — | 7,790 | 176 | — | — | 176 | 8,274 | 42 | — | ||||||||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | — | — | 2,497,719 | 99,167 | 309,740 | 12,304.00 | 86,863 | 2,207,189 | 34,362 | (1,164 | ) |
The Funds listed below had affiliated investments as a result of owning 5% or more of each company’s outstanding voting securities. Amounts relating to these investments at December 31, 2012 and for the period then ended are:
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
SPDR S&P Dividend ETF | at 6/30/12 | 6/30/12 | Cost | Shares | Proceeds | Shares | at 12/31/12 | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||||||||
Leggett & Platt, Inc. | 13,095,592 | $ | 276,709,859 | $ | 10,068,986 | 402,082 | $ | 136,242,642 | 5,929,663 | 7,568,011 | $ | 206,001,259 | $ | 4,891,424 | $ | 2,933,416 | ||||||||||||||||||||||||
Pitney Bowes, Inc. | 23,671,553 | 354,363,148 | 9,475,749 | 747,753 | 99,486,213 | 7,321,525 | 17,097,781 | 181,920,390 | 13,601,800 | (62,394,288 | ) |
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
SPDR S&P Homebuilders ETF | at 6/30/12 | 6/30/12 | Cost | Shares | Proceeds | Shares | at 12/31/12 | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||||||||
Ethan Allen Interiors, Inc. | 1,034,004 | $ | 29,892,815 | $ | 33,696,374 | 1,321,250 | $ | 18,031,224 | 711,640 | 1,643,614 | $ | 42,257,316 | $ | 970,179 | $ | 2,032,911 | ||||||||||||||||||||||||
Hovnanian Enterprises, Inc. | — | — | 95,416,500 | 13,668,760 | 4,924,120 | 723,529 | 12,945,231 | 90,616,617 | — | (81,977 | ) | |||||||||||||||||||||||||||||
Lumber Liquidators Holdings, Inc. | 1,251,506 | 42,288,388 | 56,496,461 | 1,147,949 | 49,888,381 | 997,805 | 1,401,650 | 74,049,170 | — | 16,160,519 | ||||||||||||||||||||||||||||||
M/I Homes, Inc. | — | — | 37,027,053 | 1,444,060 | 1,954,244 | 76,406 | 1,367,654 | 36,242,831 | — | 348 | ||||||||||||||||||||||||||||||
Select Comfort Corp. | 1,815,965 | 37,989,988 | 63,728,441 | 2,350,600 | 38,042,190 | 1,363,903 | 2,802,662 | 73,345,664 | 3,694,109 |
299
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
SPDR S&P Metals & Mining ETF | at 6/30/12 | 6/30/12 | Cost | Shares | Proceeds | Shares | at 12/31/12 | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||||||||
AK Steel Holding Corp. | 3,848,751 | $ | 22,592,168 | $ | 48,643,132 | 9,542,922 | $ | 29,785,245 | 5,838,711 | 7,552,962 | $ | 34,743,625 | $ | — | $ | 99,860 |
Each Fund may invest in certain money market funds managed by the Adviser, including the State Street Institutional Liquid Reserves Fund-Institutional Class (“Liquid Reserves Fund”), a series of State Street Institutional Investment Trust. The Liquid Reserves Fund is a feeder fund in a master/feeder fund structure that invests substantially all of its assets in the State Street Money Market Portfolio (“Master Portfolio”) The Liquid Reserves Fund does not pay an investment advisory fee to the Adviser, but the Master Portfolio in which it invests pays an investment advisory fee to the Adviser. The Liquid Reserves Fund intends to declare dividends on shares from net investment income daily and pay them as of the last business day of each month. All income distributions earned by the Funds from affiliated money market funds are recorded as dividend income on securities of affiliated issuers in the accompanying Statements of Operations. In addition, cash collateral from lending activities is invested in Prime Portfolio, for which SSgA FM serves as the investment adviser.
Amounts related to investments in Liquid Reserves Fund and/or Prime Portfolio at December 31, 2012 and for the period then ended are:
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Liquid Reserves Fund | 6/30/12 | Cost | Shares | Proceeds | Shares | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Dow Jones Total Market ETF | $ | 1,035,436 | $ | 9,659,935 | 9,659,935 | $ | 6,814,466 | 6,814,466 | $ | 3,880,905 | $ | 1,887 | $ | — | ||||||||||||||||||
SPDR Dow Jones Large Cap ETF | 51,634 | 1,089,428 | 1,089,428 | 763,922 | 763,922 | 377,140 | 104 | — | ||||||||||||||||||||||||
SPDR S&P 500 Growth ETF | 384,557 | 4,810,454 | 4,810,454 | 3,298,417 | 3,298,417 | 1,896,594 | 473 | — | ||||||||||||||||||||||||
SPDR S&P 500 Value ETF | 233,121 | 3,305,289 | 3,305,289 | 2,153,344 | 2,153,344 | 1,385,066 | 275 | — | ||||||||||||||||||||||||
SPDR Dow Jones Mid Cap ETF | 105,351 | 3,121,948 | 3,121,948 | 2,069,686 | 2,069,686 | 1,157,613 | 196 | — | ||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 45,712 | 2,291,258 | 2,291,258 | 1,890,139 | 1,890,139 | 446,831 | 140 | — | ||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 50,273 | 957,929 | 957,929 | 566,290 | 566,290 | 441,912 | 69 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap ETF | 163,838 | 6,399,569 | 6,399,569 | 4,129,579 | 4,129,579 | 2,433,828 | 470 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 195,301 | 5,585,438 | 5,585,438 | 3,773,959 | 3,773,959 | 2,006,780 | 294 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap Value ETF | 184,093 | 3,988,121 | 3,988,121 | 2,509,749 | 2,509,749 | 1,662,465 | 228 | — | ||||||||||||||||||||||||
SPDR Global Dow ETF | 19,187 | 1,934,373 | 1,934,373 | 1,350,839 | 1,350,839 | 602,721 | 78 | — | ||||||||||||||||||||||||
SPDR Dow Jones REIT ETF | 4,040,861 | 63,059,574 | 63,059,574 | 47,006,498 | 47,006,498 | 20,093,937 | 2,431 | — | ||||||||||||||||||||||||
SPDR S&P Bank ETF | 1,868,819 | 39,027,201 | 39,027,201 | 19,940,413 | 19,940,413 | 20,955,607 | 3,787 | — | ||||||||||||||||||||||||
SPDR S&P Capital Markets ETF | 75,427 | 890,812 | 890,812 | 479,222 | 479,222 | 487,017 | 83 | — | ||||||||||||||||||||||||
SPDR S&P Insurance ETF | 34,077 | 3,132,355 | 3,132,355 | 1,177,764 | 1,177,764 | 1,988,668 | 205 | — | ||||||||||||||||||||||||
SPDR S&P Mortgage Finance ETF | 3,673 | 144,619 | 144,619 | 64,516 | 64,516 | 83,776 | 14 | — | ||||||||||||||||||||||||
SPDR S&P Regional Banking ETF | 969,167 | 24,194,765 | 24,194,765 | 15,352,146 | 15,352,146 | 9,811,786 | 2,670 | — | ||||||||||||||||||||||||
SPDR Morgan Stanley Technology ETF | 182,957 | 1,419,803 | 1,419,803 | 780,417 | 780,417 | 822,343 | 280 | — | ||||||||||||||||||||||||
SPDR S&P Dividend ETF | 13,086,860 | 289,805,901 | 289,805,901 | 179,692,117 | 179,692,117 | 123,200,644 | 23,967 | — | ||||||||||||||||||||||||
SPDR S&P Aerospace & Defense ETF | 33,594 | 987,548 | 987,548 | 763,230 | 763,230 | 257,912 | 47 | — | ||||||||||||||||||||||||
SPDR S&P Biotech ETF | 1,272,065 | 12,017,922 | 12,017,922 | 11,467,415 | 11,467,415 | 1,822,572 | 878 | — | ||||||||||||||||||||||||
SPDR S&P Health Care Equipment ETF | 52,246 | 405,328 | 405,328 | 66,392 | 66,392 | 391,182 | 76 | — | ||||||||||||||||||||||||
SPDR S&P Health Care Services ETF | 18,111 | 755,693 | 755,693 | 211,283 | 211,283 | 562,521 | 47 | — | ||||||||||||||||||||||||
SPDR S&P Homebuilders ETF | 305,484 | 15,697,671 | 15,697,671 | 5,295,464 | 5,295,464 | 10,707,691 | 1,845 | — | ||||||||||||||||||||||||
SPDR S&P Metals & Mining ETF | 740,479 | 11,495,543 | 11,495,543 | 6,359,461 | 6,359,461 | 5,876,561 | 1,763 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 510,337 | 2,483,237 | 2,483,237 | 1,199,690 | 1,199,690 | 1,793,884 | 468 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 3,382,722 | 10,212,294 | 10,212,294 | 6,666,542 | 6,666,542 | 6,928,474 | 1,798 | — | ||||||||||||||||||||||||
SPDR S&P Pharmaceuticals ETF | 60,156 | 28,961,660 | 28,961,660 | 27,371,397 | 27,371,397 | 1,650,419 | 1,010 | — | ||||||||||||||||||||||||
SPDR S&P Retail ETF | 100 | 15,709,243 | 15,709,243 | 8,222,668 | 8,222,668 | 7,486,675 | 1,570 | — |
300
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Liquid Reserves Fund | 6/30/12 | Cost | Shares | Proceeds | Shares | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR S&P Semiconductor ETF | $ | 25,945 | $ | 321,254 | 321,254 | $ | 174,198 | 174,198 | $ | 173,001 | $ | 37 | $ | — | ||||||||||||||||||
SPDR S&P Software & Services ETF | 17,482 | 761,872 | 761,872 | 293,499 | 293,499 | 485,855 | 57 | — | ||||||||||||||||||||||||
SPDR S&P Telecom ETF | 3,970 | 162,829 | 162,829 | 45,550 | 45,550 | 121,249 | 14 | — | ||||||||||||||||||||||||
SPDR S&P Transportation ETF | 2,723 | 373,131 | 373,131 | 280,665 | 280,665 | 95,189 | 26 | — | ||||||||||||||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | — | 50,381 | 50,381 | 5,912 | 5,912 | 44,469 | 5 | — | ||||||||||||||||||||||||
SPDR S&P 1500 Value Tilt ETF | — | 55,621 | 55,621 | 9,061 | 9,061 | 46,560 | 7 | — | ||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 556,574 | 47,408,370 | 47,408,370 | 41,685,831 | 41,685,831 | 6,279,113 | 1,442 | — |
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Prime Portfolio | 6/30/12 | Cost | Shares | Proceeds | Shares | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Dow Jones Total Market ETF | $ | 25,599,732 | $ | 21,488,871 | 21,488,871 | $ | 36,023,412 | 36,023,412 | $ | 11,065,191 | $ | 51,312 | $ | — | ||||||||||||||||||
SPDR Dow Jones Large Cap ETF | 7,527,062 | 22,660,401 | 22,660,401 | 27,388,783 | 27,388,783 | 2,798,680 | 6,646 | — | ||||||||||||||||||||||||
SPDR S&P 500 Growth ETF | 9,781,869 | 28,392,861 | 28,392,861 | 36,279,789 | 36,279,789 | 1,894,941 | 8,675 | — | ||||||||||||||||||||||||
SPDR S&P 500 Value ETF | 6,556,293 | 32,116,431 | 32,116,431 | 36,496,443 | 36,496,443 | 2,176,281 | 10,563 | — | ||||||||||||||||||||||||
SPDR Dow Jones Mid Cap ETF | 8,890,620 | 13,359,596 | 13,359,596 | 16,034,889 | 16,034,889 | 6,215,327 | 29,497 | — | ||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 8,483,285 | 15,696,155 | 15,696,155 | 19,831,916 | 19,831,916 | 4,347,524 | 20,146 | — | ||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 6,057,766 | 16,749,292 | 16,749,292 | 18,803,711 | 18,803,711 | 4,003,347 | 9,629 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap ETF | 35,735,740 | 21,071,837 | 21,071,837 | 40,058,902 | 40,058,902 | 16,748,675 | 108,001 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 22,607,900 | 28,217,918 | 28,217,918 | 39,883,106 | 39,883,106 | 10,942,712 | 119,232 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap Value ETF | 19,171,041 | 17,333,914 | 17,333,914 | 28,017,014 | 28,017,014 | 8,487,941 | 41,395 | — | ||||||||||||||||||||||||
SPDR Global Dow ETF | 2,968,835 | 10,755,229 | 10,755,229 | 11,511,293 | 11,511,293 | 2,212,771 | 20,630 | — | ||||||||||||||||||||||||
SPDR Dow Jones REIT ETF | 133,282,910 | 390,506,889 | 390,506,889 | 460,419,193 | 460,419,193 | 63,370,606 | 107,614 | — | ||||||||||||||||||||||||
SPDR S&P Bank ETF | 100,604,882 | 206,952,740 | 206,952,740 | 203,326,249 | 203,326,249 | 104,231,373 | 112,049 | — | ||||||||||||||||||||||||
SPDR S&P Capital Markets ETF | 6,047,169 | 20,483,343 | 20,483,343 | 23,329,656 | 23,329,656 | 3,200,856 | 13,711 | — | ||||||||||||||||||||||||
SPDR S&P Insurance ETF | 8,166,300 | 55,112,750 | 55,112,750 | 59,807,160 | 59,807,160 | 3,471,890 | 8,043 | — | ||||||||||||||||||||||||
SPDR S&P Mortgage Finance ETF | 1,006,471 | 4,450,356 | 4,450,356 | 4,429,679 | 4,429,679 | 1,027,148 | 1,248 | — | ||||||||||||||||||||||||
SPDR S&P Regional Banking ETF | 128,355,506 | 155,280,294 | 155,280,294 | 219,280,295 | 219,280,295 | 64,355,505 | 154,924 | — | ||||||||||||||||||||||||
SPDR Morgan Stanley Technology ETF | 13,936,861 | 86,085,619 | 86,085,619 | 92,840,228 | 92,840,228 | 7,182,252 | 38,294 | — | ||||||||||||||||||||||||
SPDR S&P Dividend ETF | 923,885,678 | 1,305,343,413 | 1,305,343,413 | 1,883,226,052 | 1,883,226,052 | 346,003,039 | 1,909,095 | — | ||||||||||||||||||||||||
SPDR S&P Aerospace & Defense ETF | 3,569,434 | 27,700,457 | 27,700,457 | 29,109,288 | 29,109,288 | 2,160,603 | 7,170 | — | ||||||||||||||||||||||||
SPDR S&P Biotech ETF | 150,735,091 | 219,783,169 | 219,783,169 | 266,719,848 | 266,719,848 | 103,798,412 | 1,530,001 | — | ||||||||||||||||||||||||
SPDR S&P Health Care Services ETF | 2,548,666 | 12,434,853 | 12,434,853 | 12,395,455 | 12,395,455 | 2,588,064 | 2,992 | — | ||||||||||||||||||||||||
SPDR S&P Homebuilders ETF | 207,781,566 | 506,194,980 | 506,194,980 | 547,809,765 | 547,809,765 | 166,166,781 | 496,120 | — | ||||||||||||||||||||||||
SPDR S&P Metals & Mining ETF | 125,083,465 | 295,508,705 | 295,508,705 | 336,077,131 | 336,077,131 | 84,515,039 | 653,742 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 36,495,540 | 78,949,660 | 78,949,660 | 90,387,333 | 90,387,333 | 25,057,867 | 455,892 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 117,389,967 | 242,582,865 | 242,582,865 | 312,281,500 | 312,281,500 | 47,691,332 | 1,212,802 | — | ||||||||||||||||||||||||
SPDR S&P Pharmaceuticals ETF | 43,840,387 | 98,288,786 | 98,288,786 | 125,724,987 | 125,724,987 | 16,404,186 | 212,386 | — | ||||||||||||||||||||||||
SPDR S&P Retail ETF | 79,692,306 | 217,957,930 | 217,957,930 | 263,460,552 | 263,460,552 | 34,189,684 | 957,008 | — | ||||||||||||||||||||||||
SPDR S&P Semiconductor ETF | 7,241,651 | 40,100,966 | 40,100,966 | 42,221,250 | 42,221,250 | 5,121,367 | 18,183 | — | ||||||||||||||||||||||||
SPDR S&P Software & Services ETF | 5,109,432 | 9,770,748 | 9,770,748 | 11,535,056 | 11,535,056 | 3,345,124 | 10,632 | — | ||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 37,501,994 | 131,909,933 | 131,909,933 | 147,702,819 | 147,702,819 | 21,709,108 | 168,486 | — |
301
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
4. | Shareholder Transactions |
Shares are issued and redeemed by a Fund only in Creation Unit size aggregations of 50,000 shares. Such transactions are generally on an in-kind basis, with a separate cash payment, which is a balancing cash component to equate the transaction to the net asset value per unit of the Fund on the transaction date. Transaction fees ranging from $250 to $4,500 are charged to Authorized Participants for transactions on a given day regardless of the number of Creation Units that are created or redeemed on the same day. An additional fee, including a variable fee, may be charged for certain transactions. Transaction fees are received by the Trust and/or Custodian and used to defray related expenses. The Custodian also receives amounts earned on cash collateral provided by Authorized Participants pending delivery of missing deposit securities.
5. | Aggregate Unrealized Appreciation and Depreciation |
The identified cost of investments in securities owned by each Fund for federal income tax purposes and the gross unrealized appreciation and depreciation at December 31, 2012 was as follows:
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR Dow Jones Total Market ETF | $ | 415,834,887 | $ | 50,880,259 | $ | 22,135,496 | $ | 28,744,763 | ||||||||
SPDR Dow Jones Large Cap ETF | 41,188,794 | 6,825,115 | 1,534,729 | 5,290,386 | ||||||||||||
SPDR S&P 500 Growth ETF | 176,009,182 | 44,520,188 | 1,177,049 | 43,343,139 | ||||||||||||
SPDR S&P 500 Value ETF | 116,106,942 | 10,223,106 | 8,161,137 | 2,061,969 | ||||||||||||
SPDR Dow Jones Mid Cap ETF | 73,242,580 | 13,547,538 | 3,410,761 | 10,136,777 | ||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 64,226,887 | 10,273,772 | 1,770,127 | 8,503,645 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 27,501,340 | 1,960,739 | 1,222,459 | 738,280 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 235,690,158 | 23,547,887 | 11,357,696 | 12,190,191 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 157,206,207 | 23,786,920 | 4,445,297 | 19,341,623 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 144,013,909 | 7,679,978 | 10,051,788 | (2,371,810 | ) | |||||||||||
SPDR Global Dow ETF | 99,912,734 | 7,384,925 | 15,635,022 | (8,250,097 | ) | |||||||||||
SPDR Dow Jones REIT ETF | 1,791,031,358 | 252,845,841 | 74,383,363 | 178,462,478 | ||||||||||||
SPDR S&P Bank ETF | 1,827,580,119 | 63,606,785 | 89,898,908 | (26,292,123 | ) | |||||||||||
SPDR S&P Capital Markets ETF | 27,437,386 | 760,091 | 4,202,642 | (3,442,551 | ) | |||||||||||
SPDR S&P Insurance ETF | 148,496,216 | 3,554,794 | 3,625,403 | (70,609 | ) | |||||||||||
SPDR S&P Mortgage Finance ETF | 4,483,322 | 914,460 | 32,821 | 881,639 | ||||||||||||
SPDR S&P Regional Banking ETF | 1,282,242,057 | 14,940,767 | 63,419,693 | (48,478,926 | ) | |||||||||||
SPDR Morgan Stanley Technology ETF | 176,240,990 | 21,316,451 | 26,014,654 | (4,698,203 | ) | |||||||||||
SPDR S&P Dividend ETF | 8,875,878,128 | 1,168,592,781 | 204,464,541 | 964,128,240 | ||||||||||||
SPDR S&P Aerospace & Defense ETF | 13,688,921 | 1,564,411 | 102,826 | 1,461,585 | ||||||||||||
SPDR S&P Biotech ETF | 758,392,636 | 40,549,519 | 64,717,369 | (24,167,850 | ) | |||||||||||
SPDR S&P Health Care Equipment ETF | 20,019,417 | 1,625,815 | 1,641,843 | (16,028 | ) | |||||||||||
SPDR S&P Health Care Services ETF | 15,633,239 | 890,547 | 161,038 | 729,509 | ||||||||||||
SPDR S&P Homebuilders ETF | 2,199,943,160 | 210,940,058 | 28,526,891 | 182,413,167 | ||||||||||||
SPDR S&P Metals & Mining ETF | 1,346,660,999 | 9,343,884 | 251,815,577 | (242,471,693 | ) | |||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 334,992,880 | 9,300,817 | 41,313,499 | (32,012,682 | ) | |||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 938,218,523 | 7,527,798 | 181,931,564 | (174,403,766 | ) | |||||||||||
SPDR S&P Pharmaceuticals ETF | 333,604,755 | 16,319,776 | 24,588,637 | (8,268,861 | ) | |||||||||||
SPDR S&P Retail ETF | 703,139,031 | 1,536,515 | 78,827,891 | (77,291,376 | ) |
302
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR S&P Semiconductor ETF | $ | 42,537,096 | $ | 1,143,516 | $ | 4,583,338 | $ | (3,439,822 | ) | |||||||
SPDR S&P Software & Services ETF | 16,090,401 | 1,280,319 | 1,067,310 | 213,009 | ||||||||||||
SPDR S&P Telecom ETF | 5,367,927 | 290,632 | 1,004,228 | (713,596 | ) | |||||||||||
SPDR S&P Transportation ETF | 12,722,478 | 1,408,344 | 606,809 | 801,535 | ||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 6,025,708 | 189,399 | 158,484 | 30,915 | ||||||||||||
SPDR S&P 1500 Value Tilt ETF | 6,028,871 | 231,277 | 127,735 | 103,542 | ||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 345,010,322 | 5,633,473 | 2,206,633 | 3,426,840 |
6. | Investment Transactions |
For the six months ended December 31, 2012, the following Funds had in-kind contributions, in-kind redemptions and in-kind net realized gain/loss as follows:
Realized | ||||||||||||
Contributions | Redemptions | Gain/(Loss) | ||||||||||
SPDR Dow Jones Total Market ETF | $ | — | $ | 15,657,772 | $ | 5,684,588 | ||||||
SPDR S&P 500 Growth ETF | 6,418,248 | 16,094,794 | 4,744,855 | |||||||||
SPDR S&P 500 Value ETF | 10,568,415 | — | — | |||||||||
SPDR S&P 400 Mid Cap Growth ETF | 4,205,606 | 3,933,735 | 493,528 | |||||||||
SPDR S&P 600 Small Cap ETF | 33,111,461 | — | — | |||||||||
SPDR S&P 600 Small Cap Growth ETF | 19,011,117 | 12,275,284 | 2,187,463 | |||||||||
SPDR S&P 600 Small Cap Value ETF | 7,105,413 | 7,811,599 | 1,668,294 | |||||||||
SPDR Global Dow ETF | — | 10,005,622 | (333,999 | ) | ||||||||
SPDR Dow Jones REIT ETF | 133,284,871 | 200,458,593 | 57,441,481 | |||||||||
SPDR S&P Bank ETF | 688,924,377 | 561,040,981 | 46,917,964 | |||||||||
SPDR S&P Capital Markets ETF | 30,827,073 | 34,891,988 | (1,062,192 | ) | ||||||||
SPDR S&P Insurance ETF | 105,346,595 | 64,532,636 | 5,145,405 | |||||||||
SPDR S&P Regional Banking ETF | 1,003,269,025 | 1,024,813,841 | 50,268,524 | |||||||||
SPDR Morgan Stanley Technology ETF | 3,269,750 | 16,891,295 | 4,001,849 | |||||||||
SPDR S&P Dividend ETF | 351,844,193 | 461,675,351 | 76,246,379 | |||||||||
SPDR S&P Aerospace & Defense ETF | — | 3,199,711 | 711,494 | |||||||||
SPDR S&P Biotech ETF | 408,280,497 | 408,156,689 | 87,664,158 | |||||||||
SPDR S&P Health Care Equipment ETF | 3,016,448 | 5,566,849 | 701,725 | |||||||||
SPDR S&P Health Care Services ETF | 6,618,540 | 3,325,319 | 679,105 | |||||||||
SPDR S&P Homebuilders ETF | 1,512,322,539 | 970,453,646 | 172,637,063 | |||||||||
SPDR S&P Metals & Mining ETF | 1,244,557,529 | 1,049,379,332 | 44,442,453 | |||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 110,539,037 | 115,709,381 | 11,580,563 | |||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 2,524,769,442 | 2,744,555,644 | 74,662,846 | |||||||||
SPDR S&P Pharmaceuticals ETF | 50,613,435 | 190,491,007 | 45,647,707 | |||||||||
SPDR S&P Retail ETF | 3,025,841,743 | 3,206,002,673 | 63,319,039 | |||||||||
SPDR S&P Semiconductor ETF | 105,231,723 | 109,812,320 | (677,870 | ) | ||||||||
SPDR S&P Software & Services ETF | — | 6,403,838 | 1,145,861 | |||||||||
SPDR S&P Transportation ETF | 2,543,249 | 2,486,129 | 356,911 |
303
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Realized | ||||||||||||
Contributions | Redemptions | Gain/(Loss) | ||||||||||
SPDR S&P 1500 Momentum Tilt ETF | $ | 5,993,423 | $ | — | $ | — | ||||||
SPDR S&P 1500 Value Tilt ETF | 5,983,946 | — | — | |||||||||
SPDR Wells Fargo Preferred Stock ETF | 107,411,242 | 36,576,611 | 2,972,485 |
The in-kind contributions and in-kind redemptions in this table may not accord with the beneficial interest transactions on the Statements of Changes in Net Assets. The table represents the accumulation of a Fund’s daily net shareholder transactions while the Statements of Changes in Net Assets reflects gross shareholder transactions including any cash component of the transaction.
For the six months ended December 31, 2012, the Trust had purchases and sales of investment securities as follows:
Purchases | Sales | |||||||
SPDR Dow Jones Total Market ETF | $ | 4,303,459 | $ | 2,675,362 | ||||
SPDR Dow Jones Large Cap ETF | 1,269,404 | 1,254,337 | ||||||
SPDR S&P 500 Growth ETF | 57,540,618 | 57,698,438 | ||||||
SPDR S&P 500 Value ETF | 33,744,118 | 34,048,773 | ||||||
SPDR Dow Jones Mid Cap ETF | 8,637,697 | 8,972,615 | ||||||
SPDR S&P 400 Mid Cap Growth ETF | 23,912,570 | 23,422,527 | ||||||
SPDR S&P 400 Mid Cap Value ETF | 8,277,205 | 8,437,533 | ||||||
SPDR S&P 600 Small Cap ETF | 10,083,438 | 9,204,432 | ||||||
SPDR S&P 600 Small Cap Growth ETF | 62,849,238 | 62,278,382 | ||||||
SPDR S&P 600 Small Cap Value ETF | 50,424,872 | 50,182,128 | ||||||
SPDR Global Dow ETF | 10,908,758 | 11,426,540 | ||||||
SPDR Dow Jones REIT ETF | 89,593,262 | 91,456,029 | ||||||
SPDR S&P Bank ETF | 152,724,110 | 159,302,284 | ||||||
SPDR S&P Capital Markets ETF | 2,987,081 | 3,164,850 | ||||||
SPDR S&P Insurance ETF | 12,392,629 | 12,791,990 | ||||||
SPDR S&P Mortgage Finance ETF | 761,319 | 792,332 | ||||||
SPDR S&P Regional Banking ETF | 187,662,864 | 187,002,936 | ||||||
SPDR Morgan Stanley Technology ETF | 46,372,254 | 46,443,084 | ||||||
SPDR S&P Dividend ETF | 2,697,543,124 | 2,713,077,288 | ||||||
SPDR S&P Aerospace & Defense ETF | 3,044,665 | 3,125,546 | ||||||
SPDR S&P Biotech ETF | 202,505,855 | 202,043,854 | ||||||
SPDR S&P Health Care Equipment ETF | 3,635,216 | 3,930,760 | ||||||
SPDR S&P Health Care Services ETF | 2,587,854 | 2,944,476 | ||||||
SPDR S&P Homebuilders ETF | 341,612,829 | 344,720,716 | ||||||
SPDR S&P Metals & Mining ETF | 176,741,151 | 178,681,717 | ||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 42,261,725 | 42,668,136 | ||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 185,915,829 | 184,711,995 | ||||||
SPDR S&P Pharmaceuticals ETF | 103,457,442 | 86,781,039 | ||||||
SPDR S&P Retail ETF | 117,752,114 | 118,994,029 | ||||||
SPDR S&P Semiconductor ETF | 7,477,176 | 6,585,516 | ||||||
SPDR S&P Software & Services ETF | 3,159,201 | 3,439,877 | ||||||
SPDR S&P Telecom ETF | 820,204 | 962,488 |
304
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Purchases | Sales | |||||||
SPDR S&P Transportation ETF | $ | 2,602,833 | $ | 2,620,061 | ||||
SPDR S&P 1500 Momentum Tilt ETF | 7,035 | 15,727 | ||||||
SPDR S&P 1500 Value Tilt ETF | 14,095 | 14,810 | ||||||
SPDR Wells Fargo Preferred Stock ETF | 86,882,075 | 89,012,498 |
For the six months ended December 31, 2012, the Trust did not pay any commissions to an affiliate of the Adviser for investment transactions.
7. | Concentration of Risk |
A Fund’s assets may be concentrated in a particular industry, group of industries or sector. Because each Fund will generally concentrate its investments to approximately the same extent that its index is so concentrated, a Fund may be adversely affected by the performance of a particular industry, group of industries or sector, and its shares may be subject to increased price volatility. In addition, if a Fund concentrates in a single industry or group of industries, it may be more susceptible to any single economic, market, political or regulatory occurrence affecting that industry or group of industries.
8. | Securities Lending |
Each Fund may lend securities up to 331/3% of its total assets to qualified broker-dealers or institutional investors. The loans are secured at all times by cash, cash equivalents or U.S. government securities in an amount at least equal to the market value of the securities loaned, plus accrued interest and dividends, determined on a daily basis and adjusted accordingly. The value of the collateral held with respect to a loaned security may be temporarily more or less than the value of a security due to market fluctuations of securities values. With respect to each loan, if on any business day the aggregate market value of securities collateral plus cash collateral held is less than the aggregate market value of the securities which are subject to the loan, the borrower will be notified to provide additional collateral on the next business day. The Funds will regain record ownership of loaned securities to exercise certain beneficial rights; however, the Funds may bear the risk of delay in recovery of, or even loss of rights in the securities loaned should the borrower fail financially. In addition, a Fund will bear the risk of loss of any cash collateral that it may invest. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash, cash equivalents or U.S. government securities held as collateral, net of fee rebates paid to the borrower and net of fees paid to State Street as lending agent. Additionally, a Fund will receive a fee from the borrower for non-cash collateral equal to a percentage of the market value of the loaned securities. Proceeds collected by State Street on investment of cash collateral or any fee income is partially allocated to State Street as compensation for its lending services.
The market value of securities on loan as of December 31, 2012 and the value of the invested cash collateral are disclosed in the Funds’ Statements of Assets and Liabilities. Securities lending income, as disclosed in the Funds’ Statements of Operations, represents the income earned from the investment of cash collateral, net of fee rebates paid to the borrower and net of fees paid to State Street as lending agent.
9. Recent Accounting Pronouncements
In December 2011, FASB issued ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities.” These common disclosure requirements are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a portfolio’s financial position. They also improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In addition, ASU 2011-11 facilitates comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of International Financial Reporting Standards. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the financial position; and disclose instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the implications of ASU 2011-11 and its impact on financial statement disclosures.
305
SPDR SERIES TRUST
OTHER INFORMATION
OTHER INFORMATION
December 31, 2012 (Unaudited)
Shareholder Expense Example
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, which may include creation and redemption fees or brokerage charges and (2) ongoing costs, including management fees, trustee fees, and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds. It is based on an investment of $1,000 invested on July 1, 2012 and held for the six months ended December 31, 2012.
Actual Expenses
The first table below provides information about actual account values and actual expenses. You may use the information in this table, together with the amount you invested, to estimate the expenses that you incurred over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first table under the heading entitled “Expenses Paid During Period” to estimate the expenses attributable to your investment during this period.
Hypothetical Example for Comparison Purposes
The second table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not a Fund’s actual return. Thus, you should not use the hypothetical account values and expenses to estimate the actual ending account balance or your expenses for the period. Rather, these figures are provided to enable you to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. The Funds charge transaction fees at scheduled amounts ranging from $500 to $12,000 per Creation Unit to those persons creating or redeeming Creation Units. If you buy or sell the Funds’ shares in the secondary market, you will incur customary brokerage commissions and charges.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs, such as creation and redemption fees, or brokerage charges. Therefore, the second table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transaction costs were included, your costs would have been higher.
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Actual | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR Dow Jones Total Market ETF | 0.20 | % | $ | 1,000 | $ | 1,061.00 | $ | 1.04 | ||||||||
SPDR Dow Jones Large Cap ETF | 0.20 | 1,000 | 1,060.00 | 1.04 | ||||||||||||
SPDR S&P 500 Growth ETF | 0.20 | 1,000 | 1,040.90 | 1.03 | ||||||||||||
SPDR S&P 500 Value ETF | 0.20 | 1,000 | 1,079.00 | 1.05 | ||||||||||||
SPDR Dow Jones Mid Cap ETF | 0.25 | 1,000 | 1,093.70 | 1.32 | ||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 0.25 | 1,000 | 1,087.20 | 1.32 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 0.25 | 1,000 | 1,091.80 | 1.32 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 0.20 | 1,000 | 1,076.40 | 1.05 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 0.25 | 1,000 | 1,053.60 | 1.29 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 0.25 | 1,000 | 1,100.60 | 1.32 | ||||||||||||
SPDR Global Dow ETF | 0.50 | 1,000 | 1,099.60 | 2.65 | ||||||||||||
SPDR Dow Jones REIT ETF | 0.25 | 1,000 | 1,017.90 | 1.27 | ||||||||||||
SPDR S&P Bank ETF | 0.35 | 1,000 | 1,093.90 | 1.85 | ||||||||||||
SPDR S&P Capital Markets ETF | 0.35 | 1,000 | 1,127.70 | 1.88 |
306
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Actual | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR S&P Insurance ETF | 0.35 | % | $ | 1,000 | $ | 1,096.20 | $ | 1.85 | ||||||||
SPDR S&P Mortgage Finance ETF | 0.35 | 1,000 | 1,127.70 | 1.88 | ||||||||||||
SPDR S&P Regional Banking ETF | 0.35 | 1,000 | 1,035.30 | 1.80 | ||||||||||||
SPDR Morgan Stanley Technology ETF | 0.50 | 1,000 | 1,069.50 | 2.61 | ||||||||||||
SPDR S&P Dividend ETF | 0.35 | 1,000 | 1,063.00 | 1.82 | ||||||||||||
SPDR S&P Aerospace & Defense ETF | 0.35 | 1,000 | 1,101.50 | 1.85 | ||||||||||||
SPDR S&P Biotech ETF | 0.35 | 1,000 | 996.80 | 1.76 | ||||||||||||
SPDR S&P Health Care Equipment ETF | 0.35 | 1,000 | 998.10 | 1.76 | ||||||||||||
SPDR S&P Health Care Services ETF | 0.35 | 1,000 | 1,110.80 | 1.86 | ||||||||||||
SPDR S&P Homebuilders ETF | 0.35 | 1,000 | 1,250.10 | 1.99 | ||||||||||||
SPDR S&P Metals & Mining ETF | 0.35 | 1,000 | 1,096.40 | 1.85 | ||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 0.35 | 1,000 | 1,131.90 | 1.88 | ||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 0.35 | 1,000 | 1,081.30 | 1.84 | ||||||||||||
SPDR S&P Pharmaceuticals ETF | 0.35 | 1,000 | 956.10 | 1.73 | ||||||||||||
SPDR S&P Retail ETF | 0.36 | 1,000 | 1,069.50 | 1.88 | ||||||||||||
SPDR S&P Semiconductor ETF | 0.35 | 1,000 | 1,015.70 | 1.78 | ||||||||||||
SPDR S&P Software & Services ETF | 0.35 | 1,000 | 1,051.00 | 1.81 | ||||||||||||
SPDR S&P Telecom ETF | 0.35 | 1,000 | 1,133.60 | 1.88 | ||||||||||||
SPDR S&P Transportation ETF | 0.35 | 1,000 | 1,092.30 | 1.85 | ||||||||||||
SPDR S&P 1500 Momentum Tilt ETF** | 0.35 | 1,000 | 1,010.20 | 0.66 | ||||||||||||
SPDR S&P 1500 Value Tilt ETF** | 0.35 | 1,000 | 1,022.70 | 0.66 | ||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 0.45 | 1,000 | 1,031.40 | 2.30 | ||||||||||||
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR Dow Jones Total Market ETF | 0.20 | % | $ | 1,000 | $ | 1,024.19 | $ | 1.02 | ||||||||
SPDR Dow Jones Large Cap ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR S&P 500 Growth ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR S&P 500 Value ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR Dow Jones Mid Cap ETF | 0.25 | 1,000 | 1,023.94 | 1.28 | ||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 0.25 | 1,000 | 1,023.94 | 1.28 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 0.25 | 1,000 | 1,023.94 | 1.28 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 0.25 | 1,000 | 1,023.94 | 1.28 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 0.25 | 1,000 | 1,023.94 | 1.28 | ||||||||||||
SPDR Global Dow ETF | 0.50 | 1,000 | 1,022.68 | 2.55 | ||||||||||||
SPDR Dow Jones REIT ETF | 0.25 | 1,000 | 1,023.94 | 1.28 | ||||||||||||
SPDR S&P Bank ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Capital Markets ETF | 0.35 | 1,000 | 1,023.44 | 1.79 |
307
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR S&P Insurance ETF | 0.35 | % | $ | 1,000 | $ | 1,023.44 | $ | 1.79 | ||||||||
SPDR S&P Mortgage Finance ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Regional Banking ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR Morgan Stanley Technology ETF | 0.50 | 1,000 | 1,022.68 | 2.55 | ||||||||||||
SPDR S&P Dividend ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Aerospace & Defense ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Biotech ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Health Care Equipment ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Health Care Services ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Homebuilders ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Metals & Mining ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Pharmaceuticals ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Retail ETF | 0.36 | 1,000 | 1,023.39 | 1.84 | ||||||||||||
SPDR S&P Semiconductor ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Software & Services ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Telecom ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P Transportation ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P 1500 Momentum Tilt ETF** | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR S&P 1500 Value Tilt ETF** | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 0.45 | 1,000 | 1,022.93 | 2.29 |
* | Expenses are equal to the Fund’s annualized net expense ratio multiplied by the average account value of the period, multiplied by the number of days in the most recent six month period, then divided by 365. | |
** | Actual period is from commencement of operations 10/24/12. Hypothetical period is from 7/1/12. |
Premium/Discount Information
Information regarding how often the Shares of each Fund traded on the Exchange at a price above (i.e. at a premium) or below (i.e. at a discount) the net asset value of the Fund during the past calendar year can be found at http://www.spdrs.com.
Proxy Voting Policies and Procedures and Records
A description of the Trust’s proxy voting policies and procedures that are used by the Funds’ investment adviser to vote proxies relating to the Funds’ portfolio of securities are available (i) without charge, upon request by calling 1-866-787-2257 (toll free) or (ii) on the website of the Securities and Exchange Commission, at www.sec.gov. Information regarding how the investment advisor voted for the prior 12-months period ended June 30 is available by August 31 of each year by calling the same number and on the SEC’s website, at www.sec.gov, and on the Funds’ website at www.spdrs.com.
308
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
Quarterly Portfolio Schedule
The Funds file a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available on the SEC’s website at www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The information on the Form N-Q is available upon request, without charge, by calling 1-866-787-2257 (toll free) and on the Funds’ website at www.spdrs.com.
Approval of Advisory Agreement
At in-person meetings held prior to December 31, 2012, the Board of Trustees of the Trust (the “Board”) evaluated proposals to continue the Investment Advisory Agreement (the “Agreement”) between the Trust and SSgA Funds Management, Inc. (the “Adviser”) with respect to the operational fixed income series of the Trust (each a “Current ETF”, collectively, the “Current ETFs”) and to continue and/or approve, as the case may be, the Agreement with respect to the previously approved non-operational series of the Trust and SPDR S&P 1500 Value Tilt ETF and SPDR S&P 1500 Momentum Tilt ETF (collectively, the “New ETFs” and together with the Current ETFs, the “SPDR ETFs”). The Trustees who are not “interested persons” of the Trust within the meaning of the Investment Company Act of 1940, as amended (the “Independent Trustees”) also met separately with their independent legal counsel to consider the Agreement.
In evaluating the Agreement, the Board drew on materials provided to them by the Adviser and on other materials provided by State Street Bank and Trust Company, the Trust’s Administrator, Transfer Agent and Custodian (“State Street”). In deciding whether to approve the Agreement, the Board considered various factors, including (i) the nature, extent and quality of services to be provided by the Adviser with respect to the SPDR ETFs under the Agreement, (ii) costs to the Adviser of its services, and (iii) the extent to which economies of scale would be realized if and as the SPDR ETFs grow and whether the fee in the Agreement reflects these economies of scale.
The Board considered the nature, extent and quality of services to be provided by the Adviser. In doing so, they relied on their prior experience with the Trust and materials provided prior to and at the meeting. The Board reviewed the Agreement and the Adviser’s anticipated responsibilities for managing investment operations of the SPDR ETFs, in accordance with each SPDR ETF’s investment objective and policies, and applicable legal and regulatory requirements. The Board appreciated the relatively unique nature of each SPDR ETF, as an exchange-traded fund (“ETF”), and the experience and expertise of the Adviser with ETFs. The Board considered the background and experience of the Adviser’s senior management, including those individuals responsible for portfolio management and compliance of the SPDR ETFs. The Board also considered the portfolio management resources, structures and practices of the Adviser, including those associated with monitoring and securing each SPDR ETF’s compliance with its investment objectives and policies and with applicable laws and regulations. The Board also considered information about the Adviser’s best execution procedures and overall investment management business, noting that the Adviser serves a wide range of clients across a broad spectrum of asset classes. The Board looked at the Adviser’s general knowledge of the investment business and that of its affiliates which make up State Street Global Advisors, with which the Adviser shares all of its senior personnel. The Board considered that the Adviser and its affiliates constitute one of the world’s largest investment management enterprises for indexed products generally and ETFs in particular. The Board also considered the Adviser’s experience in managing equity ETFs. The Board then determined that the nature, extent and quality of services anticipated to be provided by the Adviser to the Trust were necessary and appropriate.
The Board considered whether the Adviser benefited in other ways from its relationship with the Trust, noting that the Adviser does not maintain soft-dollar arrangements in connection with the Trust’s brokerage transactions. The Board concluded that, to the extent that the Adviser or its affiliates derive other benefits from their relationship with the Trust, those benefits are not so significant as to cause the Adviser’s fees with respect to the SPDR ETFs to be excessive.
The Board determined that the Adviser is likely to realize economies of scale in managing the SPDR ETFs as assets grow in size. The Board further determined that such economies of scale are shared with the SPDR ETFs by way of
309
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
the relatively low advisory fee and unitary fee structure of the Trust, although the Board intends to continue to monitor fees as the SPDR ETFs grow in size and assess whether fee breakpoints may be warranted.
The Board evaluated the SPDR ETFs’ unitary fee through review of comparative information with respect to fees paid by similar funds — i.e., ETFs tracking equity indexes, as applicable. The Board reviewed the universe of similar exchange traded funds for the SPDR ETFs based upon data from Lipper Analytical Services and related comparative information for similar exchange traded funds. The Board also reviewed the estimated expense ratio for the New ETFs. The Board used a fund by fund analysis of the data. The Board concluded, based on the information presented, that each SPDR ETF’s fees were fair and reasonable in light of those of its direct competitors.
The Board, including the Independent Trustees voting separately, approved the Agreement for each SPDR ETF after weighing the foregoing factors, none of which was dispositive in itself and may have been weighed differently by each Trustee. The Board’s conclusions with respect to the Agreement were as follows: (a) the nature and extent of the services expected to be provided by the Adviser with respect to the SPDR ETFs were appropriate; (b) the Adviser’s fee for each SPDR ETF and the unitary fee, considered in relation to services expected to be provided, were fair and reasonable; (c) any additional benefits to the Adviser were not of a magnitude materially to affect the Board’s conclusions; and (d) fees expected to be paid to the Adviser were expected to share economies of scale with respect to the SPDR ETFs by way of the relatively low fee structure of the Trust.
310
The SPDR® Family of Exchange Traded Funds
The following is a list of SPDR ETFs being offered, along with their respective exchange trading symbols. Please call 1-866-787-2257 to obtain a prospectus for any SPDR ETF. The prospectus contains more complete information, including charges, expenses, investment objectives and risk factors that should be carefully considered to determine if the Fund(s) are an appropriate investment for you. Read the prospectus(es) carefully before investing. Investing involves risk, including possible loss of principal.
SPDR Series Trust
SPDR Dow Jones Total Market ETF (TMW)
SPDR Dow Jones Large Cap ETF (ELR)
SPDR S&P 500 Growth ETF (SPYG)
SPDR S&P 500 Value ETF (SPYV)
SPDR Dow Jones Mid Cap ETF (EMM)
SPDR S&P 400 Mid Cap Growth ETF (MDYG)
SPDR S&P 400 Mid Cap Value ETF (MDYV)
SPDR S&P 600 Small Cap ETF (SLY)
SPDR S&P 600 Small Cap Growth ETF (SLYG)
SPDR S&P 600 Small Cap Value ETF (SLYV)
SPDR Global Dow ETF (DGT)
SPDR Dow Jones REIT ETF (RWR)
SPDR S&P Bank ETF (KBE)
SPDR S&P Capital Markets ETF (KCE)
SPDR S&P Insurance ETF (KIE)
SPDR S&P Mortgage Finance ETF (KME)
SPDR S&P Regional Banking ETF (KRE)
SPDR Morgan Stanley Technology ETF (MTK)
SPDR S&P Dividend ETF (SDY)
SPDR S&P Aerospace & Defense ETF (XAR)
SPDR S&P Biotech ETF (XBI)
SPDR S&P Health Care Equipment ETF (XHE)
SPDR S&P Health Care Services ETF (XHS)
SPDR S&P Homebuilders ETF (XHB)
SPDR S&P Metals & Mining ETF (XME)
SPDR S&P Oil & Gas Equipment & Services ETF (XES)
SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
SPDR S&P Pharmaceuticals ETF (XPH)
SPDR S&P Retail ETF (XRT)
SPDR S&P Semiconductor ETF (XSD)
SPDR S&P Software & Services ETF (XSW)
SPDR S&P Telecom ETF (XTL)
SPDR S&P Transportation ETF (XTN)
SPDR S&P 1500 Value Tilt ETF (VLU)
SPDR S&P 1500 Momentum Tilt ETF (MMTM)
SPDR Russell 1000 Low Volatility ETF (LGLV)
SPDR Russell 2000 Low Volatility ETF (SMLV)
SPDR Wells Fargo Preferred Stock ETF (PSK)
SPDR Barclays 1-3 Month T-Bill ETF (BIL)
SPDR Barclays TIPS ETF (IPE)
SPDR Barclays Short Term Treasury ETF (SST)
SPDR Barclays Intermediate Term Treasury ETF (ITE)
SPDR Barclays Long Term Treasury ETF (TLO)
SDPR Barclays Short Term Corporate Bond ETF (SCPB)
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR)
SPDR Barclays Long Term Corporate Bond ETF (LWC)
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND)
SPDR Barclays Convertible Securities ETF (CWB)
SPDR Barclays Mortgage Backed Bond ETF (MBG)
SPDR Barclays Aggregate Bond ETF (LAG)
SPDR Nuveen Barclays Municipal Bond ETF (TFI)
SPDR Nuveen Barclays California Municipal Bond ETF (CXA)
SPDR Nuveen Barclays New York Municipal Bond ETF (INY)
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM)
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD)
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)
SPDR Nuveen Barclays Build America Bond ETF (BABS)
SPDR DB International Government Inflation-Protected Bond ETF (WIP)
SPDR Barclays Short Term International Treasury Bond ETF (BWZ)
SPDR Barclays International Treasury Bond ETF (BWX)
SPDR Barclays International Corporate Bond ETF (IBND)
SPDR Barclays Emerging Markets Local Bond ETF (EBND)
SPDR Barclays High Yield Bond ETF (JNK)
SPDR Barclays Short Term High Yield Bond ETF (SJNK)
SPDR Barclays Investment Grade Floating Rate ETF (FLRN)
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD)
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR)
SPDR Index Shares Funds
SPDR STOXX Europe 50 ETF (FEU)
SPDR EURO STOXX 50 ETF (FEZ)
SPDR S&P Emerging Asia Pacific ETF (GMF)
SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS)
SPDR S&P Russia ETF (RBL)
SPDR S&P China ETF (GXC)
SPDR S&P Emerging Markets ETF (GMM)
SPDR S&P Emerging Markets Dividend ETF (EDIV)
SPDR S&P BRIC 40 ETF (BIK)
SPDR S&P Emerging Europe ETF (GUR)
SPDR S&P Emerging Latin America ETF (GML)
SPDR S&P Emerging Middle East & Africa ETF (GAF)
SPDR S&P World ex-US ETF (GWL)
SPDR S&P International Small Cap ETF (GWX)
SPDR Dow Jones International Real Estate ETF (RWX)
SPDR FTSE/Macquarie Global Infrastructure 100 ETF (GII)
SPDR S&P Global Natural Resources ETF (GNR)
SPDR MSCI ACWI ex-US ETF (CWI)
SPDR MSCI ACWI IMI ETF (ACIM)
SPDR MSCI EM 50 ETF (EMFT)
SPDR Russell/Nomura PRIME Japan ETF (JPP)
SPDR Russell/Nomura Small Cap Japan ETF (JSC)
SPDR S&P International Dividend ETF (DWX)
SPDR S&P International Mid Cap ETF (MDD)
SPDR S&P Emerging Markets Small Cap ETF (EWX)
SPDR Dow Jones Global Real Estate ETF (RWO)
SPDR S&P International Consumer Discretionary Sector ETF (IPD)
SPDR S&P International Consumer Staples Sector ETF (IPS)
SPDR S&P International Energy Sector ETF (IPW)
SPDR S&P International Financial Sector ETF (IPF)
SPDR S&P International Health Care Sector ETF (IRY)
SPDR S&P International Industrial Sector ETF (IPN)
SPDR S&P International Materials Sector ETF (IRV)
SPDR S&P International Technology Sector ETF (IPK)
SPDR S&P International Telecommunications Sector ETF (IST)
SPDR S&P International Utilities Sector ETF (IPU)
The Select Sectors SPDR Trust
The Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Staples Select Sector SPDR Fund (XLP)
The Energy Select Sector SPDR Fund (XLE)
The Financial Select Sector SPDR Fund (XLF)
The Health Care Select Sector SPDR Fund (XLV)
The Industrial Select Sector SPDR Fund (XLI)
The Materials Select Sector SPDR Fund (XLB)
The Technology Select Sector SPDR Fund (XLK)
The Utilities Select Sector SPDR Fund (XLU)
SSgA Active ETF Trust
SPDR SSgA Multi-Asset Real Return ETF (RLY)
SPDR SSgA Income Allocation ETF (INKM)
SPDR SSgA Global Allocation ETF (GAL)
SPDR Dow Jones Industrial Average ETF Trust (DIA)
SPDR S&P 500 ETF Trust (SPY)
State Street Global Markets, LLC, member FINRA, SIPC, is distributor for all investment portfolios of SPDR Series Trust, SPDR Index Shares Funds, and SSgA Active ETF Trust. ALPS Distributors, Inc., a registered broker-dealer, is distributor for
SPDR S&P 500 ETF Trust (SPY) and SPDR Dow Jones Industrial Average ETF Trust (DIA), both unit investment trusts, and all investment portfolios of The Select Sector SPDR Trust.
SPDR Series Trust
trustees
Bonny E. Boatman
Dwight D. Churchill
David M. Kelly
Frank Nesvet, Chairman
James E. Ross
Carl G. Verboncoeur
Dwight D. Churchill
David M. Kelly
Frank Nesvet, Chairman
James E. Ross
Carl G. Verboncoeur
officers
Ellen M. Needham, President
Michael P. Riley, Vice President
Chad C. Hallett, Treasurer
Matthew W. Flaherty, Assistant Treasurer
Laura F. Dell, Assistant Treasurer
Ryan M. Louvar, Secretary
Mark E. Tuttle, Assistant Secretary
Scott E. Habeeb, Assistant Secretary
Jacqueline Angell, Chief Compliance Officer
Michael P. Riley, Vice President
Chad C. Hallett, Treasurer
Matthew W. Flaherty, Assistant Treasurer
Laura F. Dell, Assistant Treasurer
Ryan M. Louvar, Secretary
Mark E. Tuttle, Assistant Secretary
Scott E. Habeeb, Assistant Secretary
Jacqueline Angell, Chief Compliance Officer
investment manager
SSgA Funds Management, Inc.
State Street Financial Center
One Lincoln Street
Boston, MA 02111
State Street Financial Center
One Lincoln Street
Boston, MA 02111
distributor
State Street Global Markets, LLC
One Lincoln Street
Boston, MA 02111
One Lincoln Street
Boston, MA 02111
custodian, administrator and transfer agent
State Street Bank and Trust Company
One Lincoln Street
Boston, MA 02111
One Lincoln Street
Boston, MA 02111
legal counsel
Bingham McCutchen LLP
2020 K Street NW
Washington, DC 20006
2020 K Street NW
Washington, DC 20006
independent registered public accounting firm
Ernst & Young LLP
200 Clarendon Street
Boston, MA 02116
200 Clarendon Street
Boston, MA 02116
Fund Shares are distributed by State Street Global Markets, LLC, a wholly-owned subsidiary of State
Street Corporation. State Street Global Markets, LLC is a member of FINRA and SIPC.
Street Corporation. State Street Global Markets, LLC is a member of FINRA and SIPC.
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 and SAI from the Distributor by calling 1-866-787-2257 or visiting www.spdrs.com Please read the prospectus carefully before you invest.
State Street Global Advisors State Street Financial Center One Lincoln Street Boston, MA 02111 ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. “SPDR” is a registered trademark of Standard & Poor Financial Services LLC (“S&P”) and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors’ rights are described in the prospectus for the applicable product. Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500, SPDR S&P MidCap 400 and SPDR Dow Jones Industrial Average, all unit investment trusts, and Select Sector SPDRs. ALPS Distributors, Inc. is not affiliated with State Street Global Markets, LLC. Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 866.787.2257 or visit www.spdrs.com. Read it carefully. IBG-8116 For more complete information, please call 866.787.2257 or visit www.spdrs.com today SPDR EQTY SEMI AR |
SPDR® Series Trust – Fixed Income Funds Semi-Annual Report December 31, 2012 Precise in a world that isn’t.SM |
TABLE OF CONTENTS
Performance & Portfolio Summary | ||
SPDR Barclays 1-3 Month T-Bill ETF (BIL) | 1 | |
SPDR Barclays TIPS ETF (IPE) | 4 | |
SPDR Barclays Short Term Treasury ETF (SST) | 7 | |
SPDR Barclays Intermediate Term Treasury ETF (ITE) | 10 | |
SPDR Barclays Long Term Treasury ETF (TLO) | 13 | |
SDPR Barclays Short Term Corporate Bond ETF (SCPB) | 16 | |
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR) | 19 | |
SPDR Barclays Long Term Corporate Bond ETF (LWC) | 22 | |
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND) | 25 | |
SPDR Barclays Convertible Securities ETF (CWB) | 28 | |
SPDR Barclays Mortgage Backed Bond ETF (MBG) | 31 | |
SPDR Barclays Aggregate Bond ETF (LAG) | 34 | |
SPDR Nuveen Barclays Municipal Bond ETF (TFI) | 37 | |
SPDR Nuveen Barclays California Municipal Bond ETF (CXA) | 40 | |
SPDR Nuveen Barclays New York Municipal Bond ETF (INY) | 43 | |
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM) | 46 | |
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD) | 49 | |
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) | 52 | |
SPDR Nuveen Barclays Build America Bond ETF (BABS) | 55 | |
SPDR DB International Government Inflation-Protected Bond ETF (WIP) | 58 | |
SPDR Barclays Short Term International Treasury Bond ETF (BWZ) | 61 | |
SPDR Barclays International Treasury Bond ETF (BWX) | 64 | |
SPDR Barclays International Corporate Bond ETF (IBND) | 67 | |
SPDR Barclays Emerging Markets Local Bond ETF (EBND) | 70 | |
SPDR Barclays High Yield Bond ETF (JNK) | 73 | |
SPDR Barclays Short Term High Yield Bond ETF (SJNK) | 76 | |
SPDR Barclays Investment Grade Floating Rate ETF (FLRN) | 79 | |
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) | 82 | |
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) | 85 | |
Schedules of Investments | ||
SPDR Barclays 1-3 Month T-Bill ETF (BIL) | 88 | |
SPDR Barclays TIPS ETF (IPE) | 89 | |
SPDR Barclays Short Term Treasury ETF (SST) | 90 | |
SPDR Barclays Intermediate Term Treasury ETF (ITE) | 92 | |
SPDR Barclays Long Term Treasury ETF (TLO) | 94 | |
SDPR Barclays Short Term Corporate Bond ETF (SCPB) | 95 | |
SPDR Barclays Intermediate Term Corporate Bond ETF | 106 | |
SPDR Barclays Long Term Corporate Bond ETF | 123 | |
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND) | 134 | |
SPDR Barclays Convertible Securities ETF (CWB) | 145 | |
SPDR Barclays Mortgage Backed Bond ETF (MBG) | 148 |
SPDR Barclays Aggregate Bond ETF (LAG) | 149 | |
SPDR Nuveen Barclays Municipal Bond ETF (TFI) | 164 | |
SPDR Nuveen Barclays California Municipal Bond ETF (CXA) | 174 | |
SPDR Nuveen Barclays New York Municipal Bond ETF (INY) | 177 | |
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM) | 179 | |
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD) | 187 | |
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) | 189 | |
SPDR Nuveen Barclays Build America Bond ETF (BABS) | 195 | |
SPDR DB International Government Inflation-Protected Bond ETF (WIP) | 199 | |
SPDR Barclays Short Term International Treasury Bond ETF (BWZ) | 202 | |
SPDR Barclays International Treasury Bond ETF (BWX) | 205 | |
SPDR Barclays International Corporate Bond ETF (IBND) | 210 | |
SPDR Barclays Emerging Markets Local Bond ETF (EBND) | 218 | |
SPDR Barclays High Yield Bond ETF (JNK) | 222 | |
SPDR Barclays Short Term High Yield Bond ETF (SJNK) | 229 | |
SPDR Barclays Investment Grade Floating Rate ETF (FLRN) | 236 | |
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) | 239 | |
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) | 242 | |
Financial Statements | 248 | |
Financial Highlights | 272 | |
Notes to Financial Statements | 294 | |
Other Information | 313 |
SPDR Barclays 1-3 Month T-Bill ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/25/07, 5/30/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays 1-3 Month T-Bill ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1345%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | 1-3 MONTH U.S. | NET ASSET | MARKET | 1-3 MONTH U.S. | |||||||||||||||||||
VALUE | VALUE | TREASURY BILL INDEX | VALUE | VALUE | TREASURY BILL INDEX | |||||||||||||||||||
SIX MONTHS | −0.01% | 0.00% | 0.05% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −0.04% | −0.07% | 0.08% | −0.04% | −0.07% | 0.08% | ||||||||||||||||||
THREE YEARS | −0.09% | −0.10% | 0.28% | −0.03% | −0.03% | 0.09% | ||||||||||||||||||
FIVE YEARS | 1.75% | 1.69% | 2.21% | 0.34% | 0.34% | 0.44% | ||||||||||||||||||
SINCE INCEPTION (1) | 4.43% | 4.43% | 4.97% | 0.78% | 0.78% | 0.87% | ||||||||||||||||||
(1) | For the period May 25, 2007 to December 31, 2012. |
1
SPDR Barclays 1-3 Month T-Bill ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
2
SPDR Barclays 1-3 Month T-Bill ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
U.S. TREASURY BILL, | U.S. TREASURY BILL, | U.S. TREASURY BILL, | U.S. TREASURY BILL, | U.S. TREASURY BILL, | ||||||
DESCRIPTION | 0.05%, 2/7/2013 | 0.03%, 3/7/2013 | 0.05%, 2/14/2013 | 0.07%, 2/21/2013 | 0.08%, 2/28/2013 | |||||
MARKET VALUE | $209,483,544 | 209,476,767 | 146,149,636 | 146,148,788 | 146,147,930 | |||||
% OF NET ASSETS | 16.2 | 16.2 | 11.3 | 11.3 | 11.3 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.9 | % | ||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | 0.0 | ** | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
3
SPDR Barclays Tips ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/25/07, 5/30/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays TIPS ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1845%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS U.S. | |||||||||||||||||||||||
U.S. GOVERNMENT | GOVERNMENT | |||||||||||||||||||||||
NET ASSET | MARKET | INFLATION-LINKED | NET ASSET | MARKET | INFLATION-LINKED | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | 2.84% | 2.69% | 2.91% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 7.08% | 6.77% | 7.26% | 7.08% | 4.20% | 7.26% | ||||||||||||||||||
THREE YEARS | 29.29% | 29.08% | 30.01% | 8.94% | 13.86% | 9.14% | ||||||||||||||||||
FIVE YEARS | 40.39% | 39.97% | 41.18% | 7.02% | 9.88% | 7.14% | ||||||||||||||||||
SINCE INCEPTION (1) | 53.60% | 53.48% | 54.82% | 7.96% | 10.51% | 8.11% | ||||||||||||||||||
(1) | For the period May 25, 2007 to December 31, 2012. |
4
SPDR Barclays Tips ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
5
SPDR Barclays TIPS ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | ||||||
PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | ||||||
DESCRIPTION | BOND, 0.13%, 4/15/2017 | BOND, 2.38%, 1/15/2025 | BOND, 0.13%, 1/15/2022 | NOTE, 1.13%, 1/15/2021 | BOND, 3.88%, 4/15/2029 | |||||
MARKET VALUE | $38,338,075 | 36,705,294 | 36,256,136 | 36,079,795 | 35,939,089 | |||||
% OF NET ASSETS | 5.0 | 4.8 | 4.7 | 4.7 | 4.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.5 | % | ||||
Short Term Investments | 4.6 | |||||
Other Assets & Liabilities | (4.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
6
SPDR Barclays Short Term Treasury ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/30/11, 12/1/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Short Term Treasury ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1200%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | 1-5 YEAR U.S. | NET ASSET | MARKET | 1-5 YEAR U.S. | |||||||||||||||||||
VALUE | VALUE | TREASURY INDEX | VALUE | VALUE | TREASURY INDEX | |||||||||||||||||||
SIX MONTHS | 0.45% | 0.66% | 0.49% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.79% | 0.87% | 0.89% | 0.79% | 0.87% | 0.89% | ||||||||||||||||||
SINCE INCEPTION (1) | 0.94% | 0.93% | 1.07% | 0.87% | 0.85% | 0.98% | ||||||||||||||||||
(1) | For the period November 30, 2011 to December 31, 2012. |
7
SPDR Barclays Short Term Treasury ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
8
SPDR Barclays Short Term Treasury ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | ||||||
DESCRIPTION | 2.50%, 3/31/2015 | 2.38%, 2/28/2015 | 2.63%, 12/31/2014 | 2.38%, 9/30/2014 | 2.25%, 1/31/2015 | |||||
MARKET VALUE | $40,940 | 39,708 | 36,652 | 36,300 | 35,389 | |||||
% OF NET ASSETS | 1.4 | 1.3 | 1.2 | 1.2 | 1.2 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.2 | % | ||||
Short Term Investments | 1.1 | |||||
Other Assets & Liabilities | (0.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
9
SPDR Barclays Intermediate Term Treasury ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/23/07, 5/30/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Intermediate Term Treasury ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1345%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | INTERMEDIATE U.S. | NET ASSET | MARKET | INTERMEDIATE U.S. | |||||||||||||||||||
VALUE | VALUE | TREASURY INDEX | VALUE | VALUE | TREASURY INDEX | |||||||||||||||||||
SIX MONTHS | 0.57% | 0.44% | 0.63% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 1.61% | 1.52% | 1.71% | 1.61% | 1.32% | 1.71% | ||||||||||||||||||
THREE YEARS | 13.76% | 13.54% | 14.13% | 4.39% | 4.32% | 4.50% | ||||||||||||||||||
FIVE YEARS | 24.97% | 24.65% | 25.29% | 4.56% | 4.50% | 4.61% | ||||||||||||||||||
SINCE INCEPTION (1) | 33.88% | 33.67% | 34.41% | 5.34% | 5.31% | 5.41% | ||||||||||||||||||
(1) | For the period May 23, 2007 to December 31, 2012. |
10
SPDR Barclays Intermediate Term Treasury ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
11
SPDR Barclays Intermediate Term Treasury ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | U.S. TREASURY NOTE, | ||||||
DESCRIPTION | 3.63%, 2/15/2020 | 2.63%, 11/15/2020 | 3.50%, 5/15/2020 | 2.63%, 8/15/2020 | 2.50%, 3/31/2015 | |||||
MARKET VALUE | $2,151,098 | 2,072,063 | 1,871,564 | 1,722,621 | 1,654,406 | |||||
% OF NET ASSETS | 1.3 | 1.2 | 1.1 | 1.0 | 1.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.4 | % | ||||
Short Term Investments | 2.6 | |||||
Other Assets & Liabilities | (2.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
12
SPDR Barclays Long Term Treasury ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/23/07, 5/30/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Long Term Treasury ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1345%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | LONG U.S. | NET ASSET | MARKET | LONG U.S. | |||||||||||||||||||
VALUE | VALUE | TREASURY INDEX | VALUE | VALUE | TREASURY INDEX | |||||||||||||||||||
SIX MONTHS | −0.60% | −0.19% | −0.57% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.46% | 4.20% | 3.56% | 3.46% | 4.20% | 3.56% | ||||||||||||||||||
THREE YEARS | 46.62% | 47.61% | 47.16% | 13.61% | 13.86% | 13.74% | ||||||||||||||||||
FIVE YEARS | 58.67% | 60.18% | 58.94% | 9.67% | 9.88% | 9.71% | ||||||||||||||||||
SINCE INCEPTION (1) | 74.08% | 74.20% | 74.68% | 10.39% | 10.51% | 10.45% | ||||||||||||||||||
(1) | For the period May 23, 2007 to December 31, 2012. |
13
SPDR Barclays Long Term Treasury ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
14
SPDR Barclays Long Term Treasury ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
U.S. TREASURY BOND, | U.S. TREASURY BOND, | U.S. TREASURY BOND, | U.S. TREASURY BOND, | U.S. TREASURY BOND, | ||||||
DESCRIPTION | 3.13%, 11/15/2041 | 2.75%, 8/15/2042 | 4.25%, 11/15/2040 | 4.38%, 11/15/2039 | 3.00%, 5/15/2042 | |||||
MARKET VALUE | $3,171,745 | 3,112,705 | 3,088,670 | 3,045,209 | 3,024,262 | |||||
% OF NET ASSETS | 5.0 | 4.9 | 4.9 | 4.8 | 4.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.0 | % | ||||
Short Term Investments | 3.3 | |||||
Other Assets & Liabilities | (2.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
15
SPDR Barclays Short Term Corporate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (12/16/09, 12/17/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Short Term Corporate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1245%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | 1-3 YEAR CORPORATE | NET ASSET | MARKET | 1-3 YEAR CORPORATE | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | 1.88% | 1.70% | 2.09% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.64% | 3.42% | 4.17% | 3.64% | 3.42% | 4.17% | ||||||||||||||||||
THREE YEARS | 8.93% | 8.15% | 11.03% | 2.89% | 2.65% | 3.55% | ||||||||||||||||||
SINCE INCEPTION (1) | 8.09% | 8.26% | 10.77% | 2.59% | 0.28% | 3.42% | ||||||||||||||||||
(1) | For the period December 16, 2009 to December 31, 2012. |
16
SPDR Barclays Short Term Corporate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
17
SPDR Barclays Short Term Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
GENERAL ELECTRIC | ||||||||||
BANK OF AMERICA CORP., | CITIGROUP, INC., | ABBVIE, INC., | CAPITAL CORP., | WELLS FARGO & CO., | ||||||
DESCRIPTION | 4.50%, 4/1/2015 | 5.00%, 9/15/2014 | 1.20%, 11/6/2015 | 1.63%, 7/2/2015 | 1.50%, 7/1/2015 | |||||
MARKET VALUE | $19,700,722 | 13,378,687 | 12,083,184 | 11,168,816 | 11,162,100 | |||||
% OF NET ASSETS | 1.2 | 0.8 | 0.7 | 0.7 | 0.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.9 | % | ||||
Short Term Investments | 1.7 | |||||
Other Assets & Liabilities | (0.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
18
SPDR Barclays Intermediate Term Corporate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (2/10/09, 2/11/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Intermediate Term Corporate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1500%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
INTERMEDIATE | INTERMEDIATE | |||||||||||||||||||||||
NET ASSET | MARKET | CORPORATE | NET ASSET | MARKET | CORPORATE | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | 4.21% | 4.04% | 4.28% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR (1) | 8.60% | 8.43% | 8.84% | 8.60% | 8.43% | 8.84% | ||||||||||||||||||
THREE YEARS | 22.61% | 23.05% | 24.35% | 7.03% | 7.16% | 7.53% | ||||||||||||||||||
SINCE INCEPTION (1) (2) | 34.88% | 35.62% | 45.47% | 7.99% | 8.15% | 10.12% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the Barclays U.S. Intermediate Corporate Bond Index from the Barclays U.S. Intermediate Credit Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to December 17, 2010. | |
(2) | For the period February 10, 2009 to December 31, 2012. |
19
SPDR Barclays Intermediate Term Corporate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund has changed its benchmark index to the Barclays U.S. Intermediate Corporate Bond Index from the Barclays U.S. Intermediate Credit Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index. |
20
SPDR Barclays Intermediate Term Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
THE GOLDMAN SACHS | AMERICAN INTERNATIONAL | |||||||||
MERRILL LYNCH & CO., | MORGAN STANLEY, | GROUP, INC., | MORGAN STANLEY, | GROUP, INC., | ||||||
DESCRIPTION | INC., 6.88%, 4/25/2018 | 3.45%, 11/2/2015 | 5.95%, 1/18/2018 | 5.63%, 9/23/2019 | 5.85%, 1/16/2018 | |||||
MARKET VALUE | $2,007,943 | 1,555,336 | 1,517,013 | 1,387,336 | 1,357,294 | |||||
% OF NET ASSETS | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.0 | % | ||||
Short Term Investments | 4.8 | |||||
Other Assets & Liabilities | (2.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
21
SPDR Barclays Long Term Corporate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (3/10/09, 3/11/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Long Term Corporate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1500%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | LONG CORPORATE | NET ASSET | MARKET | LONG CORPORATE | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | 6.47% | 4.13% | 6.63% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR (1) | 11.99% | 9.76% | 12.41% | 11.99% | 9.76% | 12.41% | ||||||||||||||||||
THREE YEARS | 41.39% | 40.14% | 44.89% | 12.24% | 11.91% | 13.15% | ||||||||||||||||||
SINCE INCEPTION (1) (2) | 73.98% | 73.70% | 86.80% | 15.64% | 15.59% | 17.82% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index to the Barclays U.S. Long Corporate Bond Index from the Barclays U.S. Long Credit Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index. For periods prior to December 17, 2010. | |
(2) | For the period February 10, 2009 to December 31, 2012. |
22
SPDR Barclays Long Term Corporate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. | ||
(1) | Effective December 17, 2010, the Fund has changed its benchmark index to the Barclays U.S. Long Corporate Bond Index from the Barclays U.S. Long Credit Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index. |
23
SPDR Barclays Long Term Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
PACIFIC GAS & | VERIZON | GENERAL ELECTRIC | ||||||||
ELECTRIC CO., | AT&T, INC., | COMMUNICATIONS, INC., | CAPITAL CORP., | VALE OVERSEAS, LTD., | ||||||
DESCRIPTION | 6.05%, 3/1/2034 | 5.35%, 9/1/2040 | 7.75%, 12/1/2030 | 6.88%, 1/10/2039 | 6.88%, 11/21/2036 | |||||
MARKET VALUE | $898,101 | 830,494 | 829,721 | 781,566 | 773,291 | |||||
% OF NET ASSETS | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.2 | % | ||||
Short Term Investments | 3.4 | |||||
Other Assets & Liabilities | (1.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
24
SPDR Barclays Issuer Scored Corporate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (4/6/11, 4/7/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Issuer Scored Corporate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.1600%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | ISSUER SCORED | NET ASSET | MARKET | ISSUER SCORED | |||||||||||||||||||
VALUE | VALUE | CORPORATE INDEX | VALUE | VALUE | CORPORATE INDEX | |||||||||||||||||||
SIX MONTHS | 4.02% | 3.00% | 4.23% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 8.32% | 8.02% | 8.67% | 8.32% | 8.02% | 8.67% | ||||||||||||||||||
SINCE INCEPTION (1) (2) | 15.61% | 15.67% | 17.04% | 8.70% | 8.74% | 9.47% | ||||||||||||||||||
(1) | For the period April 6, 2011 to December 31, 2012. |
25
SPDR Barclays Issuer Scored Corporate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
26
SPDR Barclays Issuer Scored Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
PIONEER NATURAL | FORD MOTOR | HEALTH CARE | NATIONAL RETAIL | DIGITAL REALTY | ||||||
RESOURCES CO., | CREDIT CO. LLC, | REIT, INC., | PROPERTIES, INC., | TRUST LP, | ||||||
DESCRIPTION | 3.95%, 7/15/2022 | 4.25%, 9/20/2022 | 6.13%, 4/15/2020 | 3.80%, 10/15/2022 | 3.63%, 10/1/2022 | |||||
MARKET VALUE | $210,613 | 210,457 | 175,687 | 152,478 | 149,116 | |||||
% OF NET ASSETS | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.7 | % | ||||
Short Term Investments | 1.4 | |||||
Other Assets & Liabilities | (0.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
27
SPDR Barclays Convertible Securities ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (4/14/09, 4/15/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Convertible Securities ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.4000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
CONVERTIBLE | CONVERTIBLE | |||||||||||||||||||||||
NET ASSET | MARKET | BOND >$500MM | NET ASSET | MARKET | BOND >$500MM | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 9.27% | 9.63% | 9.91% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 15.17% | 15.71% | 15.32% | 15.17% | 15.71% | 15.32% | ||||||||||||||||||
THREE YEARS | 22.61% | 21.58% | 24.06% | 7.03% | 6.73% | 7.45% | ||||||||||||||||||
SINCE INCEPTION (1) | 59.40% | 59.58% | 68.19% | 13.37% | 13.40% | 15.02% | ||||||||||||||||||
(1) | For the period April 14, 2009 to December 31, 2012. |
28
SPDR Barclays Convertible Securities ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
29
SPDR Barclays Convertible Securities ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
WELLS FARGO & | BANK OF AMERICA | |||||||||
CO., SERIES L, | GENERAL MOTORS CO., | CORP., SERIES L, | EMC CORP., | AMGEN, INC., | ||||||
DESCRIPTION | 7.50%, 12/31/2049 | 4.75%, 12/1/2013 | 7.25%, 12/31/2049 | 1.75%, 12/1/2013 | 0.38%, 2/1/2013 | |||||
MARKET VALUE | $42,008,925 | 37,785,297 | 32,697,080 | 23,521,973 | 23,521,029 | |||||
% OF NET ASSETS | 4.6 | 4.1 | 3.6 | 2.6 | 2.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Convertible Corporate Bonds & Notes | 73.5 | % | ||||
Convertible Preferred Stocks | 24.9 | |||||
Common Stocks | 0.5 | |||||
Short Term Investments | 12.6 | |||||
Other Assets & Liabilities | (11.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
30
SPDR Barclays Mortgage Backed Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/15/09, 1/27/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Mortgage Backed Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.3200%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | BARCLAYS U.S. | NET ASSET | MARKET | BARCLAYS U.S. | |||||||||||||||||||
VALUE | VALUE | MBS INDEX | VALUE | VALUE | MBS INDEX | |||||||||||||||||||
SIX MONTHS | 0.53% | 0.54% | 0.92% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 2.00% | 2.20% | 2.59% | 2.01% | 2.20% | 2.59% | ||||||||||||||||||
THREE YEARS | 14.96% | 15.09% | 14.84% | 4.76% | 4.80% | 4.72% | ||||||||||||||||||
SINCE INCEPTION (1) | 20.34% | 20.41% | 20.49% | 4.78% | 4.80% | 4.82% | ||||||||||||||||||
(1) | For the period January 15, 2009 to December 31, 2012. |
31
SPDR Barclays Mortgage Backed Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
32
SPDR Barclays Mortgage Backed Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
FANNIE MAE, | FREDDIE MAC, | GINNIE MAE, | FANNIE MAE, | FANNIE MAE, | ||||||
DESCRIPTION | 4.00%, 30YR TBA | 4.50%, 30YR TBA | 4.50%, 30YR TBA | 3.50%, 30YR TBA | 5.50%, 30YR TBA | |||||
MARKET VALUE | $4,556,797 | 3,217,969 | 3,011,250 | 2,666,406 | 2,444,414 | |||||
% OF NET ASSETS | 12.8 | 9.1 | 8.5 | 7.5 | 6.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Government Agency MBS TBA | 99.7 | % | ||||
Short Term Investments | 109.1 | |||||
Other Assets & Liabilities | (108.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
33
SPDR Barclays Aggregate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/23/07, 5/30/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Aggregate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.2245%.*
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | AGGREGATE | NET ASSET | MARKET | AGGREGATE | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 1.65% | 1.68% | 1.80% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.94% | 3.93% | 4.21% | 3.94% | 3.93% | 4.21% | ||||||||||||||||||
THREE YEARS | 19.31% | 19.34% | 19.74% | 6.06% | 6.07% | 6.19% | ||||||||||||||||||
FIVE YEARS | 33.91% | 33.84% | 33.49% | 6.01% | 6.00% | 5.94% | ||||||||||||||||||
SINCE INCEPTION (1) | 41.14% | 41.30% | 40.89% | 6.34% | 6.36% | 6.30% | ||||||||||||||||||
(1) | For the period May 23, 2007 to December 31, 2012. | |
* | SSgA Funds Management, Inc. has contractually agreed to limit its management fee to the extent necessary to limit annual operating expenses to 0.1345% until October 31, 2012. |
34
SPDR Barclays Aggregate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
35
SPDR Barclays Aggregate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
FANNIE MAE, | TREASURY NOTE, | FANNIE MAE, | GINNIE MAE, | FANNIE MAE, | ||||||
DESCRIPTION | 4.50%, 30YR TBA | 2.38%, 10/31/2014 | 4.00%, 30YR TBA | 4.50%, 30YR TBA | 3.50%, 30YR TBA | |||||
MARKET VALUE | $16,204,687 | 14,077,138 | 12,651,812 | 12,045,000 | 10,878,937 | |||||
% OF NET ASSETS | 2.6 | 2.3 | 2.0 | 1.9 | 1.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 33.9 | % | ||||
U.S. Government Agency MBS TBA | 29.5 | |||||
Corporate Bonds & Notes | 24.7 | |||||
U.S. Government Agency Obligations | 4.1 | |||||
Foreign Government Obligations | 2.0 | |||||
Commercial Mortgage Backed Securities | 1.0 | |||||
Municipal Bonds & Notes | 0.9 | |||||
Collateralized Mortgage Obligations | 0.8 | |||||
Asset Backed | 0.3 | |||||
Short Term Investments | 36.1 | |||||
Other Assets & Liabilities | (33.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
36
SPDR Nuveen Barclays Municipal Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/11/07, 9/13/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Nuveen Barclays Municipal Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.3000%.*
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | MUNICIPAL MANAGED | NET ASSET | MARKET | MUNICIPAL MANAGED | |||||||||||||||||||
VALUE | VALUE | MONEY INDEX | VALUE | VALUE | MONEY INDEX | |||||||||||||||||||
SIX MONTHS | 3.10% | 3.21% | 3.26% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 6.32% | 6.22% | 6.74% | 6.32% | 6.22% | 6.74% | ||||||||||||||||||
THREE YEARS | 20.60% | 20.31% | 21.48% | 6.44% | 6.36% | 6.70% | ||||||||||||||||||
FIVE YEARS | 32.91% | 32.44% | 35.21% | 5.85% | 5.78% | 6.22% | ||||||||||||||||||
SINCE INCEPTION (1) | 34.45% | 34.44% | 36.83% | 5.74% | 5.74% | 6.09% | ||||||||||||||||||
(1) | For the period September 11, 2007 to December 31, 2012. | |
* | SSgA Funds Management, Inc. has contractually agreed to limit its management fee to the extent necessary to limit annual operating expenses to 0.2300% until October 31, 2012. |
37
SPDR Nuveen Barclays Municipal Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
38
SPDR Nuveen Barclays Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
ARIZONA, SALT | ||||||||||
NEW YORK, NY, | RIVER PROJECT, | NEW YORK, | MILWAUKEE, | |||||||
TRIBOROUGH | AGRICULTURAL | TRIBOROUGH | WI, GENERAL | WASHINGTON, | ||||||
BRIDGE & TUNNEL | IMPROVEMENT & | BRIDGE & | OBLIGATION, | STATE GENERAL | ||||||
AUTHORITY REVENUE, | POWER DISTRICT, | TUNNEL AUTHORITY | PROMISSORY | OBLIGATION, | ||||||
SERIES A-2, | SERIES A, | REVENUE, SERIES A, | NOTES, SERIES N1, | SERIES D, | ||||||
DESCRIPTION | 5.00%, 11/15/2029 | 5.00%, 12/1/2031 | 5.00%, 1/1/2023 | 5.00%, 2/1/2019 | 4.00%, 2/1/2037 | |||||
MARKET VALUE | $14,628,978 | 14,422,920 | 14,186,929 | 13,329,682 | 13,201,250 | |||||
% OF NET ASSETS | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 99.1 | % | ||||
Short Term Investments | 1.3 | |||||
Other Assets & Liabilities | (0.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
39
SPDR Nuveen Barclays California Municipal Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (10/10/07, 10/15/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Nuveen Barclays California Municipal Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS MANAGED | BARCLAYS MANAGED | |||||||||||||||||||||||
NET ASSET | MARKET | MONEY MUNICIPAL | NET ASSET | MARKET | MONEY MUNICIPAL | |||||||||||||||||||
VALUE | VALUE | CALIFORNIA INDEX | VALUE | VALUE | CALIFORNIA INDEX | |||||||||||||||||||
SIX MONTHS | 3.88% | 3.74% | 3.64% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 9.27% | 9.03% | 8.75% | 9.27% | 9.03% | 8.75% | ||||||||||||||||||
THREE YEARS | 26.27% | 25.69% | 25.86% | 8.08% | 7.92% | 7.97% | ||||||||||||||||||
FIVE YEARS | 36.86% | 35.55% | 36.57% | 6.48% | 6.27% | 6.43% | ||||||||||||||||||
SINCE INCEPTION (1) | 38.65% | 38.24% | 38.94% | 6.45% | 6.39% | 6.49% | ||||||||||||||||||
(1) | For the period October 10, 2007 to December 31, 2012. |
40
SPDR Nuveen Barclays California Municipal Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
41
SPDR Nuveen Barclays California Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
LOS ANGELES COUNTY, | LOS ANGELES, CA, | LOS ANGELES COUNTY, | ||||||||
CA, METROPOLITAN | UNIFIED SCHOOL | CA, METROPOLITAN | UNIVERSITY OF | SAN FRANCISCO, | ||||||
TRANSPORTATION | DISTRICT, | TRANSPORTATION | CALIFORNIA, | CA, CITY & COUNTY | ||||||
AUTHORITY, SALES | GENERAL OBLIGATION, | AUTHORITY, SALES | REVENUE, | UNIFIED SCHOOL | ||||||
TAX REVENUE, | SERIES KY, | TAX REVENUE, | SERIES E, | DISTRICT, | ||||||
DESCRIPTION | 5.00%, 7/1/2026 | 5.00%, 7/1/2015 | 5.00%, 6/1/2020 | 4.00%, 5/15/2019 | 4.00%, 6/15/2023 | |||||
MARKET VALUE | $2,870,959 | 2,571,520 | 2,381,232 | 2,349,790 | 2,331,140 | |||||
% OF NET ASSETS | 2.9 | 2.6 | 2.4 | 2.4 | 2.3 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 100.8 | % | ||||
Short Term Investments | 0.5 | |||||
Other Assets & Liabilities | (1.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
42
SPDR Nuveen Barclays New York Municipal Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (10/11/07, 10/15/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Nuveen Barclays New York Municipal Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
MANAGED MONEY | MANAGED MONEY | |||||||||||||||||||||||
NET ASSET | MARKET | MUNICIPAL NEW YORK | NET ASSET | MARKET | MUNICIPAL NEW YORK | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 3.36% | 3.28% | 3.31% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 6.87% | 7.31% | 7.16% | 6.87% | 7.31% | 7.16% | ||||||||||||||||||
THREE YEARS | 20.51% | 20.06% | 22.20% | 6.42% | 6.28% | 6.91% | ||||||||||||||||||
FIVE YEARS | 32.36% | 30.73% | 33.34% | 5.77% | 5.51% | 5.92% | ||||||||||||||||||
SINCE INCEPTION (1) | 33.89% | 33.73% | 35.62% | 5.75% | 5.72% | 6.01% | ||||||||||||||||||
(1) | For the period October 11, 2007 to December 31, 2012. |
43
SPDR Nuveen Barclays New York Municipal Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
44
SPDR Nuveen Barclays New York Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
NEW YORK, NY, | ||||||||||
NEW YORK, NY, | MUNICIPAL BOND | |||||||||
MUNICIPAL WATER | BANK AGENCY, | NEW YORK, NY, | NEW YORK, NY, | NEW YORK, NY, | ||||||
FINANCE AUTHORITY | SPECIAL SCHOOL | GENERAL OBLIGATION, | GENERAL OBLIGATION, | GENERAL OBLIGATION, | ||||||
REVENUE, SERIES HH, | PURPOSE REVENUE, | SERIES C, | SERIES C, | SERIES E, | ||||||
DESCRIPTION | 5.00%, 6/15/2032 | 5.00%, 12/1/2016 | 5.00%, 8/1/2024 | 5.00%, 8/1/2017 | 5.00%, 8/1/2025 | |||||
MARKET VALUE | $1,169,380 | 1,157,940 | 1,139,002 | 969,779 | 928,124 | |||||
% OF NET ASSETS | 3.7 | 3.7 | 3.7 | 3.1 | 3.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 99.8 | % | ||||
Short Term Investments | 0.0 | ** | ||||
Other Assets & Liabilities | 0.2 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
45
SPDR Nuveen Barclays Short Term Municipal Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (10/10/07, 10/15/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Nuveen Barclays Short Term Municipal Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
MANAGED MONEY | MANAGED MONEY | |||||||||||||||||||||||
NET ASSET | MARKET | MUNICIPAL SHORT | NET ASSET | MARKET | MUNICIPAL SHORT | |||||||||||||||||||
VALUE | VALUE | TERM INDEX | VALUE | VALUE | TERM INDEX | |||||||||||||||||||
SIX MONTHS | 0.35% | 0.45% | 0.47% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 1.29% | 1.32% | 1.61% | 1.29% | 1.32% | 1.61% | ||||||||||||||||||
THREE YEARS | 6.30% | 6.33% | 7.22% | 2.06% | 2.07% | 2.35% | ||||||||||||||||||
FIVE YEARS | 17.51% | 17.55% | 19.57% | 3.28% | 3.29% | 3.64% | ||||||||||||||||||
SINCE INCEPTION (1) | 19.40% | 19.59% | 22.33% | 3.45% | 3.48% | 3.93% | ||||||||||||||||||
(1) | For the period October 10, 2007 to December 31, 2012. |
46
SPDR Nuveen Barclays Short Term Municipal Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VAULE)
Past performance is not a guarantee of future results. |
47
SPDR Nuveen Barclays Short Term Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
DELAWARE, | MONTGOMERY | |||||||||
PENNSYLVANIA, | MICHIGAN, | VIRGINIA, | STATE TRANSPORTATION | COUNTY, MD, | ||||||
STATE GENERAL | STATE GENERAL | STATE TRANSPORTATION | AUTHORITY SYSTEM | GENERAL OBLIGATION, | ||||||
OBLIGATION, | OBLIGATION, | BOARD REVENUE, | REVENUE, | SERIES A, | ||||||
DESCRIPTION | 5.00%, 7/1/2017 | 5.00%, 11/1/2017 | 5.00%, 5/15/2016 | 5.00%, 7/1/2017 | 5.00%, 8/1/2015 | |||||
MARKET VALUE | $24,751,440 | 24,241,383 | 18,454,336 | 18,239,005 | 18,114,037 | |||||
% OF NET ASSETS | 1.5 | 1.5 | 1.2 | 1.1 | 1.1 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 98.8 | % | ||||
Short Term Investments | 0.3 | |||||
Other Assets & Liabilities | 0.9 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
48
SPDR Nuveen S&P VRDO Municipal Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/23/09, 9/24/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Nuveen S&P VRDO Municipal Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P NATIONAL | S&P NATIONAL | |||||||||||||||||||||||
NET ASSET | MARKET | AMT-FREE MUNICIPAL | NET ASSET | MARKET | AMT-FREE MUNICIPAL | |||||||||||||||||||
VALUE | VALUE | VRDO INDEX | VALUE | VALUE | VRDO INDEX | |||||||||||||||||||
SIX MONTHS | 0.07% | −0.52% | 0.10% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.18% | −0.45% | 0.23% | 0.18% | −0.45% | 0.23% | ||||||||||||||||||
THREE YEARS | 1.60% | 0.81% | 0.86% | 0.53% | 0.27% | 0.29% | ||||||||||||||||||
SINCE INCEPTION (1) | 1.67% | 0.93% | 0.97% | 0.51% | 0.28% | 0.30% | ||||||||||||||||||
(1) | For the period September 23, 2009 to December 31, 2012. |
49
SPDR Nuveen S&P VRDO Municipal Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
50
SPDR Nuveen S&P VRDO Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
ROCK HILL, | ALASKA, | CHARLOTTE, | CONNECTICUT, | |||||||
NEW HANOVER, | SC, COMBINED | STATE HOUSING | NC, WATER & SEWER | STATE HOUSING | ||||||
NC, HOSPITAL | UTILITY SYSTEM | FINANCE CORP. | SYSTEM | FINANCE AUTHORITY | ||||||
REVENUE, | REVENUE, SERIES B, | REVENUE, SERIES A, | REVENUE, SERIES C, | REVENUE, SERIES E, | ||||||
DESCRIPTION | 0.20%, 10/1/2026 | 0.23%, 1/1/2033 | 0.11%, 12/1/2030 | 0.13%, 6/1/2025 | 0.15%, 5/15/2036 | |||||
MARKET VALUE | $580,000 | 580,000 | 500,000 | 500,000 | 500,000 | |||||
% OF NET ASSETS | 4.8 | 4.8 | 4.2 | 4.2 | 4.2 | |||||
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 100.0 | % | ||||
Short Term Investments | 0.0 | ** | ||||
Other Assets & Liabilities | 0.0 | ** | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
51
SPDR Nuveen S&P High Yield Municipal Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (4/13/11, 4/14/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Nuveen S&P High Yield Municipal Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.5000%.*
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P MUNICIPAL | NET ASSET | MARKET | S&P MUNICIPAL | |||||||||||||||||||
VALUE | VALUE | YIELD INDEX | VALUE | VALUE | YIELD INDEX | |||||||||||||||||||
SIX MONTHS | 7.14% | 6.38% | 6.49% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 16.78% | 15.78% | 15.50% | 16.78% | 15.78% | 15.50% | ||||||||||||||||||
SINCE INCEPTION (1) | 28.18% | 27.37% | 28.57% | 15.54% | 15.12% | 15.74% | ||||||||||||||||||
(1) | For the period April 13, 2011 to December 31, 2012. | |
* | SSgA Funds Management, Inc. has contractually agreed to limit its management fee to the extent necessary to limit annual operating expenses to 0.4500% until October 31, 2012. |
52
SPDR Nuveen S&P High Yield Municipal Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
53
SPDR Nuveen S&P High Yield Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
CALIFORNIA, | TOBACCO | |||||||||
GOLDEN STATE | SETTLEMENT | MARTIN COUNTY, | CHESAPEAKE, | |||||||
TOBACCO SECURITIZATION | FINANCING CORP., | FL, HEALTH | INDIANA, STATE | VA, EXPRESSWAY | ||||||
CORP., REVENUE, | NJ, REVENUE, | FACILITIES AUTHORITY, | FINANCE AUTHORITY, | TOLL ROAD | ||||||
SERIES A-1, | SERIES 1A, | REVENUE, SERIES B, | HOSPITAL REVENUE, | REVENUE, SERIES A, | ||||||
DESCRIPTION | 5.75%, 6/1/2047 | 5.00%, 6/1/2041 | 5.00%, 11/15/2028 | 5.50%, 815/2040 | 5.00%, 7/15/2047 | |||||
MARKET VALUE | $3,860,448 | 2,715,000 | 2,177,040 | 2,173,420 | 2,146,180 | |||||
% OF NET ASSETS | 2.0 | 1.4 | 1.1 | 1.1 | 1.1 | |||||
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 99.1 | % | ||||
Short Term Investments | 0.2 | |||||
Other Assets & Liabilities | 0.7 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
54
SPDR Nuveen Barclays Build America Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/12/10, 5/13/10, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Nuveen Barclays Build America Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.3500%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS BUILD | BARCLAYS BUILD | |||||||||||||||||||||||
NET ASSET | MARKET | AMERICA BOND | NET ASSET | MARKET | AMERICA BOND | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 5.31% | 5.12% | 5.47% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 12.91% | 13.46% | 13.46% | 12.91% | 13.46% | 13.46% | ||||||||||||||||||
SINCE INCEPTION (1) | 40.49% | 40.24% | 43.01% | 13.75% | 13.67% | 14.52% | ||||||||||||||||||
(1) | For the period May 12, 2010 to December 31, 2012. |
55
SPDR Nuveen Barclays Build America Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
56
SPDR Nuveen Barclays Build America Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
CALIFORNIA, | NEW JERSEY, | CALIFORNIA, | CALIFORNIA, | CALIFORNIA, | ||||||
STATE GENERAL | STATE TURNPIKE | STATE GENERAL | STATE GENERAL | STATE GENERAL | ||||||
OBLIGATION, | AUTHORITY REVENUE, | OBLIGATION, | OBLIGATION, | OBLIGATION, | ||||||
DESCRIPTION | 7.55%, 4/1/2039 | 7.10%, 1/1/2041 | 7.60%, 11/1/2040 | 7.50%, 4/1/2034 | 7.30%, 10/1/2039 | |||||
MARKET VALUE | $4,224,474 | 2,608,807 | 2,607,653 | 2,385,136 | 2,321,047 | |||||
% OF NET ASSETS | 4.0 | 2.5 | 2.5 | 2.3 | 2.2 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 98.7 | % | ||||
Short Term Investments | 0.8 | |||||
Other Assets & Liabilities | 0.5 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
57
SPDR DB International Government Inflation-Protected Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (3/13/08, 3/19/08, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR DB International Government Inflation-Protected Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.5000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
DB GLOBAL | DB GLOBAL | |||||||||||||||||||||||
GOVERNMENT EX-U.S. | GOVERNMENT EX-U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | INFLATION-LINKED | NET ASSET | MARKET | INFLATION-LINKED | |||||||||||||||||||
VALUE | VALUE | BOND CAPPED INDEX | VALUE | VALUE | BOND CAPPED INDEX | |||||||||||||||||||
SIX MONTHS | 9.45% | 10.34% | 10.12% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 14.01% | 14.65% | 14.77% | 14.01% | 14.65% | 14.77% | ||||||||||||||||||
THREE YEARS | 24.82% | 25.03% | 27.04% | 7.67% | 7.73% | 8.30% | ||||||||||||||||||
SINCE INCEPTION (1) | 18.68% | 19.26% | 24.57% | 3.63% | 3.73% | 4.68% | ||||||||||||||||||
(1) | For the period March 13, 2008 to December 31, 2012. |
58
SPDR DB International Government Inflation-Protected Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
59
SPDR DB International Government Inflation-Protected Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
JAPANESE | ||||||||||
REPUBLIC | UNITED KINGDOM | GOVERNMENT CPI | REPUBLIC | REPUBLIC | ||||||
OF FRANCE, | TREASURY BOND, | LINKED BOND, | OF FRANCE, | OF POLAND, | ||||||
DESCRIPTION | 2.25%, 7/25/2020 | 1.25%, 11/22/2027 | 1.10%, 12/10/2016 | 1.00%, 7/25/2017 | 2.75%, 8/25/2023 | |||||
MARKET VALUE | $59,724,761 | 51,083,554 | 50,850,897 | 44,994,208 | 40,175,377 | |||||
% OF NET ASSETS | 3.8 | 3.2 | 3.2 | 2.8 | 2.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 98.8 | % | ||||
Short Term Investments | 1.3 | |||||
Other Assets & Liabilities | (0.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
60
SPDR Barclays Short Term International Treasury Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (1/15/09, 1/27/09, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Short Term International Treasury Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.3500%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
1-3 YEAR GLOBAL | 1-3 YEAR GLOBAL | |||||||||||||||||||||||
NET ASSET | MARKET | TREASURY EX-US | NET ASSET | MARKET | TREASURY EX-US | |||||||||||||||||||
VALUE | VALUE | CAPPED INDEX | VALUE | VALUE | CAPPED INDEX | |||||||||||||||||||
SIX MONTHS | 2.36% | 3.02% | 2.57% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 2.10% | 2.90% | 2.40% | 2.10% | 2.90% | 2.40% | ||||||||||||||||||
THREE YEARS | 4.83% | 4.25% | 6.38% | 1.58% | 1.40% | 2.08% | ||||||||||||||||||
SINCE INCEPTION (1) | 16.62% | 16.69% | 19.01% | 3.96% | 3.97% | 4.49% | ||||||||||||||||||
(1) | For the period January 15, 2009 to December 31, 2012. |
61
SPDR Barclays Short Term International Treasury Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
62
SPDR Barclays Short Term International Treasury Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
GOVERNMENT | GOVERNMENT | GOVERNMENT | GOVERNMENT | |||||||
OF JAPAN | OF JAPAN | OF JAPAN | OF JAPAN | UNITED KINGDOM | ||||||
5 YEAR BOND, | 2 YEAR BOND, | 2 YEAR BOND, | 10 YEAR BOND, | TREASURY BOND, | ||||||
DESCRIPTION | 0.40%, 9/20/2015 | 0.10%, 11/15/2014 | 0.10%, 3/15/2014 | 1.50%, 9/20/2014 | 2.75%, 1/22/2015 | |||||
MARKET VALUE | $7,579,181 | 6,939,654 | 5,493,201 | 5,388,076 | 4,945,596 | |||||
% OF NET ASSETS | 3.0 | 2.7 | 2.1 | 2.1 | 1.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 97.3 | % | ||||
Short Term Investments | 0.2 | |||||
Other Assets & Liabilities | 2.5 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
63
SPDR Barclays International Treasury Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (10/2/07, 10/5/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays International Treasury Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.5000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | GLOBAL TREASURY | NET ASSET | MARKET | GLOBAL TREASURY | |||||||||||||||||||
VALUE | VALUE | EX-US CAPPED INDEX | VALUE | VALUE | EX-US CAPPED INDEX | |||||||||||||||||||
SIX MONTHS | 4.37% | 4.53% | 4.55% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 5.86% | 5.81% | 6.38% | 5.86% | 5.81% | 6.38% | ||||||||||||||||||
THREE YEARS | 14.22% | 14.38% | 15.82% | 4.53% | 4.58% | 5.02% | ||||||||||||||||||
FIVE YEARS | 27.04% | 26.97% | 31.40% | 4.90% | 4.89% | 5.61% | ||||||||||||||||||
SINCE INCEPTION (1) | 31.72% | 31.85% | 36.82% | 5.39% | 5.41% | 6.16% | ||||||||||||||||||
(1) | For the period October 2, 2007 to December 31, 2012. |
64
SPDR Barclays International Treasury Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
65
SPDR Barclays International Treasury Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
GOVERNMENT | GOVERNMENT | GOVERNMENT | GOVERNMENT | |||||||
OF JAPAN | OF JAPAN | KINGDOM | OF JAPAN | OF JAPAN | ||||||
20 YEAR BOND, | 10 YEAR BOND, | OF DENMARK, | 10 YEAR BOND, | 20 YEAR BOND, | ||||||
DESCRIPTION | 2.30%, 6/20/2027 | 1.50%, 9/20/2014 | 4.50%, 11/15/2039 | 0.30%, 12/20/2016 | 2.90%, 9/20/2019 | |||||
MARKET VALUE | $24,683,306 | 24,420,417 | 16,856,508 | 13,213,414 | 12,830,843 | |||||
% OF NET ASSETS | 1.3 | 1.2 | 0.9 | 0.7 | 0.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 98.0 | % | ||||
Short Term Investments | 0.3 | |||||
Other Assets & Liabilities | 1.7 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
66
SPDR Barclays International Corporate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/19/10, 5/20/10, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays International Corporate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.5500%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
GLOBAL AGGREGATE | GLOBAL AGGREGATE | |||||||||||||||||||||||
EX-USD > $1B: | EX-USD > $1B: | |||||||||||||||||||||||
NET ASSET | MARKET | CORPORATE BOND | NET ASSET | MARKET | CORPORATE BOND | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 10.14% | 10.71% | 10.33% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 12.98% | 13.41% | 13.44% | 12.98% | 13.41% | 13.44% | ||||||||||||||||||
SINCE INCEPTION (1) | 24.17% | 24.93% | 25.71% | 8.61% | 8.86% | 9.13% | ||||||||||||||||||
(1) | For the period May 19, 2010 to December 31, 2012. |
67
SPDR Barclays International Corporate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED IN NET ASSET VALUE)
Past performance is not a guarantee of future results. |
68
SPDR Barclays International Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
COOPERATIEVE | COOPERATIEVE | COOPERATIEVE | COOPERATIEVE | |||||||
CENTRALE RAIFFEISEN- | CENTRALE RAIFFEISEN- | CENTRALE RAIFFEISEN- | CENTRALE RAIFFEISEN- | |||||||
BOERENLEENBANK | BOERENLEENBANK | BOERENLEENBANK | BOERENLEENBANK | |||||||
DEUTSCHE BANK AG, | BA/NETHERLANDS, | BA/NETHERLANDS, | BA/NETHERLANDS, | BA/NETHERLANDS, | ||||||
DESCRIPTION | 5.13%, 8/31/2017 | 4.13%, 1/14/2020 | 3.38%, 1/18/2016 | 4.13%, 7/14/2025 | 3.38%, 4/21/2017 | |||||
MARKET VALUE | $776,914 | 756,358 | 709,517 | 706,753 | 646,606 | |||||
% OF NET ASSETS | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 97.5 | % | ||||
Short Term Investments | 0.3 | |||||
Other Assets & Liabilities | 2.2 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
69
SPDR Barclays Emerging Markets Local Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (2/23/11, 2/24/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Emerging Markets Local Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.5000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS EM | BARCLAYS EM | |||||||||||||||||||||||
LOCAL CURRENCY | LOCAL CURRENCY | |||||||||||||||||||||||
NET ASSET | MARKET | GOVERNMENT | NET ASSET | MARKET | GOVERNMENT | |||||||||||||||||||
VALUE | VALUE | DIVERSIFIED INDEX | VALUE | VALUE | DIVERSIFIED INDEX | |||||||||||||||||||
SIX MONTHS | 8.76% | 8.58% | 9.51% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 14.94% | 14.74% | 16.11% | 14.94% | 14.74% | 16.11% | ||||||||||||||||||
SINCE INCEPTION (1) (2) | 14.56% | 15.63% | 16.94% | 7.60% | 8.14% | 8.81% | ||||||||||||||||||
(1) | For the period February 23, 2011 to December 31, 2012. |
70
SPDR Barclays Emerging Markets Local Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED IN NET ASSET VALUE)
Past performance is not a guarantee of future results. |
71
SPDR Barclays Emerging Markets Local Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
BRAZIL LETRAS DO | BRAZIL NOTAS DO | BRAZIL NOTAS DO | ||||||||
TESOURO NACIONAL, | TESOURO NACIONAL | KOREA TREASURY | TESOURO NACIONAL | EGYPT GOVERNMENT | ||||||
ZERO COUPON, | SERIES F, | BOND, | SERIES F, | INTERNATIONAL BOND, | ||||||
DESCRIPTION | 4/1/2014 | 10.00%, 1/1/2017 | 3.50%, 6/10/2014 | 10.00%, 1/1/2015 | 13.65%, 11/13/2017 | |||||
MARKET VALUE | $5,657,510 | 3,908,070 | 3,659,198 | 2,951,578 | 2,937,390 | |||||
% OF NET ASSETS | 3.8 | 2.6 | 2.4 | 2.0 | 1.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 100.1 | % | ||||
Short Term Investments | 0.2 | |||||
Other Assets & Liabilities | (0.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
72
SPDR Barclays High Yield Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/28/07, 12/04/07, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays High Yield Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.4000%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
NET ASSET | MARKET | HIGH YIELD VERY | NET ASSET | MARKET | HIGH YIELD VERY | |||||||||||||||||||
VALUE | VALUE | LIQUID INDEX | VALUE | VALUE | LIQUID INDEX | |||||||||||||||||||
SIX MONTHS | 7.72% | 7.28% | 8.08% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 14.31% | 13.42% | 15.36% | 14.31% | 13.42% | 15.36% | ||||||||||||||||||
THREE YEARS | 36.43% | 36.05% | 40.81% | 10.91% | 10.81% | 12.08% | ||||||||||||||||||
FIVE YEARS | 43.31% | 41.60% | 64.91% | 7.46% | 7.20% | 10.52% | ||||||||||||||||||
SINCE INCEPTION (1) | 43.79% | 44.35% | 66.49% | 7.39% | 7.47% | 10.53% | ||||||||||||||||||
(1) | For the period November 28, 2007 to December 31, 2012. |
73
SPDR Barclays High Yield Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUES)
Past performance is not a guarantee of future results. |
74
SPDR Barclays High Yield Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
ENERGY FUTURE | ICAHN ENTERPRISES | |||||||||
INTERMEDIATE HOLDING | LP/ICAHN ENTERPRISES | |||||||||
SPRINT NEXTEL CORP., | HCA, INC., | FIRST DATA CORP., | CO. LLC/EFIH FINANCE, INC., | FINANCE CORP., | ||||||
DESCRIPTION | 9.00%, 11/15/2018 | 6.50%, 2/15/2020 | 12.63%, 1/15/2021 | 10.00%, 12/1/2020 | 8.00%, 1/15/2018 | |||||
MARKET VALUE | $169,546,975 | 162,282,375 | 152,025,205 | 116,236,230 | 112,897,296 | |||||
% OF NET ASSETS | 1.4 | 1.3 | 1.2 | 0.9 | 0.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 97.8 | % | ||||
Short Term Investments | 0.7 | |||||
Other Assets & Liabilities | 1.5 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
75
SPDR Barclays Short Term High Yield Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (3/14/12, 3/15/12, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays High Yield Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.40%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | ||||||||||||
NET ASSET | MARKET | BARCLAYS US HIGH YIELD 350MN CASH | ||||||||||
VALUE | VALUE | PAY 0-5 YR 2% CAPPED INDEX | ||||||||||
SIX MONTHS | 5.87% | 5.78% | 6.46% | |||||||||
SINCE INCEPTION (1) | 6.33% | 7.16% | 7.98% | |||||||||
(1) | For the period March 14, 2012 to December 31, 2012. |
76
SPDR Barclays Short Term High Yield Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
77
SPDR Barclays Short Term High Yield Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
FMG RESOURCES | CAESARS | |||||||||
INTELSAT | AUGUST 2006 | ENTERTAINMENT | ||||||||
LUXEMBOURG SA, | PTY, LTD., | OPERATING CO., INC., | FIRST DATA CORP., | SPRINT NEXTEL CORP., | ||||||
DESCRIPTION | 11.25%, 2/4/2017 | 7.00%, 11/1/2015 | 11.25%, 6/1/2017 | 11.25%, 3/31/2016 | 6.00%, 12/1/2016 | |||||
MARKET VALUE | $7,402,500 | 6,037,500 | 5,811,531 | 5,757,500 | 5,165,625 | |||||
% OF NET ASSETS | 1.2 | 1.0 | 1.0 | 0.9 | 0.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 96.8 | % | ||||
Short Term Investments | 3.3 | |||||
Other Assets & Liabilities | (0.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
78
SPDR Barclays Investment Grade Floating Rate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/30/11, 12/1/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR Barclays Investment Grade Floating Rate Bond ETF as stated in the Fees and Expenses table of the prospectus dated November 30, 2012 is 0.1500%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
U.S. DOLLAR | U.S. DOLLAR | |||||||||||||||||||||||
NET ASSET | MARKET | FLOATING RATE NOTE | NET ASSET | MARKET | FLOATING RATE NOTE | |||||||||||||||||||
VALUE | VALUE | < 5 YEARS INDEX | VALUE | VALUE | < 5 YEARS INDEX | |||||||||||||||||||
SIX MONTHS | 1.31% | 2.42% | 1.66% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.47% | 3.17% | 3.90% | 3.47% | 3.17% | 3.90% | ||||||||||||||||||
SINCE INCEPTION (1) | 3.29% | 3.85% | 3.88% | 3.02% | 3.53% | 3.56% | ||||||||||||||||||
(1) | For the period November 30, 2011 to December 31, 2012. |
79
SPDR Barclays Investment Grade Floating Rate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
80
SPDR Barclays Investment Grade Floating Rate ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
BANK OF | THE GOLDMAN SACHS | COMMONWEALTH | ||||||||
MORGAN STANLEY, | AMERICA CORP., | GROUP, INC., | BANK OF AUSTRALIA, | WELLS FARGO BANK NA, | ||||||
DESCRIPTION | 1.92%, 1/24/2014 | 1.73%, 1/30/2014 | 0.91%, 9/29/2014 | 0.86%, 3/19/2013 | 0.52%, 5/16/2016 | |||||
MARKET VALUE | $440,825 | 394,265 | 364,472 | 300,334 | 293,623 | |||||
% OF NET ASSETS | 2.9 | 2.6 | 2.4 | 2.0 | 1.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 95.1 | % | ||||
Foreign Government Obligations | 0.7 | |||||
Short Term Investments | 13.1 | |||||
Other Assets & Liabilities | (8.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
81
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/18/12, 6/19/12, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.50%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | ||||||||||||
NET ASSET | MARKET | BOFA MERRILL LYNCH EMERGING MARKETS | ||||||||||
VALUE | VALUE | DIVERSIFIED CORPORATE INDEX | ||||||||||
SIX MONTHS | 8.23% | 6.37% | 8.51% | |||||||||
SINCE INCEPTION (1) | 8.52% | 8.15% | 8.99% | |||||||||
(1) | For the period June 18, 2012 to December 31, 2012. |
82
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
83
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
PETROBRAS INTERNATIONAL | PETROLEOS | GAZPROM OAO | KAZMUNAYGAS | |||||||
FINANCE CO., | MEXICANOS, | VIA GAZ CAPITAL SA, | NATIONAL CO., | IPIC GMTN LTD., | ||||||
DESCRIPTION | 3.50%, 2/6/2017 | 5.50%, 1/21/2021 | 9.25%, 4/23/2019 | 11.75%, 1/23/2015 | 5.00%, 11/15/2020 | |||||
MARKET VALUE | $524,374 | 467,400 | 397,125 | 358,125 | 341,100 | |||||
% OF NET ASSETS | 3.3 | 2.9 | 2.5 | 2.3 | 2.1 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 97.3 | % | ||||
Short Term Investments | 1.7 | |||||
Other Assets & Liabilities | 1.0 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
84
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until one day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/18/12, 6/19/12, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR BofA Merrill Lynch Crossover Corporate Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2012 is 0.50%.
PERFORMANCE AS OF DECEMBER 31, 2012
CUMULATIVE TOTAL RETURN | ||||||||||||
NET ASSET | MARKET | BOFA MERRILL LYNCH US DIVERSIFIED | ||||||||||
VALUE | VALUE | CROSSOVER CORPORATE INDEX | ||||||||||
SIX MONTHS | 6.60% | 5.78% | 6.30% | |||||||||
SINCE INCEPTION (1) | 7.62% | 8.70% | 7.02% | |||||||||
(1) | For the period June 18, 2012 to December 31, 2012. |
85
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Past performance is not a guarantee of future results. |
86
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2012
FORD MOTOR | EL PASO | FRONTIER | TENNESSEE GAS | |||||||
HCA, INC., | CREDIT CO. LLC, | NATURAL GAS CO., | COMMUNICATIONS CORP., | PIPELINE CO., | ||||||
DESCRIPTION | 7.25%, 9/15/2020 | 4.25%, 2/3/2017 | 5.95%, 4/15/2017 | 8.50%, 4/15/2020 | 7.00%, 3/15/2027 | |||||
MARKET VALUE | $166,125 | 160,694 | 144,522 | 143,750 | 135,575 | |||||
% OF NET ASSETS | 1.1 | 1.0 | 0.9 | 0.9 | 0.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
ASSET ALLOCATION AS OF DECEMBER 31, 2012*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.2 | % | ||||
Short Term Investments | 0.7 | |||||
Other Assets & Liabilities | 1.1 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
87
SPDR Barclays 1-3 Month T-Bill ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.9% | ||||||||
Treasury Bills* | ||||||||
0.02%, 3/28/2013 | $ | 146,155,000 | $ | 146,142,779 | ||||
0.03%, 3/7/2013 | 209,490,000 | 209,476,767 | ||||||
0.03%, 3/21/2013 | 146,155,000 | 146,143,771 | ||||||
0.03%, 3/14/2013 | 146,155,000 | 146,144,763 | ||||||
0.05%, 2/7/2013 | 209,490,000 | 209,483,544 | ||||||
0.05%, 2/14/2013 | 146,155,000 | 146,149,636 | ||||||
0.07%, 2/21/2013 | 146,155,000 | 146,148,788 | ||||||
0.08%, 2/28/2013 | 146,155,000 | 146,147,930 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $1,295,831,558) | 1,295,837,978 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (a)(b)(c) (Cost $977,635) | 977,635 | 977,635 | ||||||
TOTAL INVESTMENTS — 100.0% (d) | ||||||||
(Cost $1,296,809,193) | 1,296,815,613 | |||||||
OTHER ASSETS & LIABILITIES — 0.0% (e) | (336,953 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,296,478,660 | ||||||
* | Rate shown is the discount rate at time of purchase, not a coupon rate. | |||||
(a) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(b) | The rate shown is the annualized seven-day yield at period end. | |||||
(c) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(d) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) | |||||
(e) | Amount shown represents less than 0.05% of net assets. |
See accompanying notes to financial statements.
88
SPDR Barclays TIPS ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.5% | ||||||||
Treasury Inflation Protected Indexed Bonds | ||||||||
0.13%, 4/15/2017 | $ | 35,788,168 | $ | 38,338,075 | ||||
0.13%, 1/15/2022 | 33,372,425 | 36,256,136 | ||||||
0.13%, 7/15/2022 | 32,620,274 | 35,428,554 | ||||||
0.63%, 7/15/2021 | 29,095,779 | 33,114,779 | ||||||
0.75%, 2/15/2042 | 18,726,910 | 20,532,371 | ||||||
1.75%, 1/15/2028 (a) | 13,655,288 | 17,677,181 | ||||||
2.00%, 1/15/2026 | 18,436,572 | 24,203,716 | ||||||
2.13%, 2/15/2040 | 12,842,751 | 18,828,628 | ||||||
2.13%, 2/15/2041 | 20,040,189 | 29,612,585 | ||||||
2.38%, 1/15/2025 | 27,179,644 | 36,705,294 | ||||||
2.38%, 1/15/2027 | 14,954,115 | 20,622,621 | ||||||
2.50%, 1/15/2029 | 12,058,402 | 17,198,296 | ||||||
3.38%, 4/15/2032 | 5,165,936 | 8,516,511 | ||||||
3.63%, 4/15/2028 | 18,985,949 | 30,107,539 | ||||||
3.88%, 4/15/2029 | 21,699,073 | 35,939,089 | ||||||
Treasury Inflation Protected Indexed Notes | ||||||||
0.13%, 4/15/2016 | 31,803,048 | 33,502,603 | ||||||
0.50%, 4/15/2015 | 17,928,257 | 18,712,618 | ||||||
1.13%, 1/15/2021 | 30,677,750 | 36,079,795 | ||||||
1.25%, 4/15/2014 | 13,206,991 | 13,625,917 | ||||||
1.25%, 7/15/2020 | 27,165,396 | 32,263,254 | ||||||
1.38%, 7/15/2018 | 12,705,205 | 14,799,531 | ||||||
1.38%, 1/15/2020 | 16,054,246 | 19,041,780 | ||||||
1.63%, 1/15/2015 | 18,205,710 | 19,349,211 | ||||||
1.63%, 1/15/2018 (a) | 14,333,263 | 16,631,029 | ||||||
1.88%, 7/15/2015 | 15,990,702 | 17,447,295 | ||||||
1.88%, 7/15/2019 | 13,016,690 | 15,853,938 | ||||||
2.00%, 1/15/2014 (a) | 20,551,346 | 21,212,894 | ||||||
2.00%, 7/15/2014 | 18,443,344 | 19,469,348 | ||||||
2.00%, 1/15/2016 (a) | 15,670,910 | 17,387,344 | ||||||
2.13%, 1/15/2019 (a) | 12,576,636 | 15,286,524 | ||||||
2.38%, 1/15/2017 | 15,650,386 | 18,200,929 | ||||||
2.50%, 7/15/2016 | 18,119,393 | 20,848,717 | ||||||
2.63%, 7/15/2017 (a) | 12,358,686 | 14,820,783 | ||||||
TOTAL U.S.��TREASURY OBLIGATIONS — | ||||||||
(Cost $696,085,056) | 767,614,885 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 4.6% | ||||||||
MONEY MARKET FUNDS — 4.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 35,038,781 | 35,038,781 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d) | 555,606 | 555,606 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $35,594,387) | 35,594,387 | |||||||
TOTAL INVESTMENTS — 104.1% (f) | ||||||||
(Cost $731,679,443) | 803,209,272 | |||||||
OTHER ASSETS & LIABILITIES — (4.1)% | (31,580,940 | ) | ||||||
NET ASSETS — 100.0% | $ | 771,628,332 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Investments of cash collateral for securities loaned. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
89
SPDR Barclays Short Term Treasury ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.2% | ||||||||
Treasury Bonds | ||||||||
7.25%, 5/15/2016 | $ | 13,000 | $ | 15,960 | ||||
7.50%, 11/15/2016 | 10,000 | 12,675 | ||||||
8.75%, 5/15/2017 | 5,000 | 6,761 | ||||||
8.88%, 8/15/2017 | 5,000 | 6,875 | ||||||
9.25%, 2/15/2016 | 3,000 | 3,824 | ||||||
9.88%, 11/15/2015 | 3,000 | 3,813 | ||||||
10.63%, 8/15/2015 | 2,000 | 2,536 | ||||||
11.25%, 2/15/2015 | 6,000 | 7,388 | ||||||
Treasury Notes | ||||||||
0.13%, 7/31/2014 | 25,000 | 24,957 | ||||||
0.13%, 12/31/2014 | 25,000 | 24,937 | ||||||
0.25%, 1/31/2014 | 28,000 | 28,017 | ||||||
0.25%, 2/28/2014 | 30,000 | 30,015 | ||||||
0.25%, 3/31/2014 | 25,000 | 25,012 | ||||||
0.25%, 4/30/2014 | 25,000 | 25,011 | ||||||
0.25%, 5/31/2014 | 25,000 | 25,011 | ||||||
0.25%, 6/30/2014 | 25,000 | 25,010 | ||||||
0.25%, 8/31/2014 | 20,000 | 20,004 | ||||||
0.25%, 9/15/2014 | 26,000 | 26,006 | ||||||
0.25%, 9/30/2014 | 25,000 | 25,006 | ||||||
0.25%, 10/31/2014 | 25,000 | 25,004 | ||||||
0.25%, 11/30/2014 | 20,000 | 20,001 | ||||||
0.25%, 12/15/2014 | 28,000 | 28,001 | ||||||
0.25%, 1/15/2015 | 23,000 | 22,992 | ||||||
0.25%, 2/15/2015 | 25,000 | 24,988 | ||||||
0.25%, 5/15/2015 | 20,000 | 19,975 | ||||||
0.25%, 7/15/2015 | 25,000 | 24,958 | ||||||
0.25%, 8/15/2015 | 15,000 | 14,973 | ||||||
0.25%, 9/15/2015 | 25,000 | 24,946 | ||||||
0.25%, 10/15/2015 | 15,000 | 14,965 | ||||||
0.25%, 12/15/2015 | 25,000 | 24,925 | ||||||
0.38%, 11/15/2014 | 31,000 | 31,073 | ||||||
0.38%, 3/15/2015 | 25,000 | 25,048 | ||||||
0.38%, 4/15/2015 | 25,000 | 25,042 | ||||||
0.38%, 6/15/2015 | 23,000 | 23,036 | ||||||
0.38%, 11/15/2015 (a) | 20,000 | 20,018 | ||||||
0.50%, 8/15/2014 | 28,000 | 28,122 | ||||||
0.50%, 10/15/2014 | 26,000 | 26,117 | ||||||
0.50%, 7/31/2017 | 25,000 | 24,850 | ||||||
0.63%, 7/15/2014 | 31,000 | 31,189 | ||||||
0.63%, 5/31/2017 | 25,000 | 25,038 | ||||||
0.63%, 8/31/2017 | 25,000 | 24,979 | ||||||
0.63%, 9/30/2017 | 20,000 | 19,964 | ||||||
0.63%, 11/30/2017 | 25,000 | 24,918 | ||||||
0.75%, 6/15/2014 | 31,000 | 31,238 | ||||||
0.75%, 6/30/2017 | 25,000 | 25,149 | ||||||
0.75%, 10/31/2017 | 25,000 | 25,083 | ||||||
0.88%, 11/30/2016 | 33,000 | 33,471 | ||||||
0.88%, 12/31/2016 | 27,000 | 27,372 | ||||||
0.88%, 1/31/2017 | 25,000 | 25,335 | ||||||
0.88%, 2/28/2017 | 28,000 | 28,370 | ||||||
0.88%, 4/30/2017 | 20,000 | 20,248 | ||||||
1.00%, 1/15/2014 | 14,000 | 14,117 | ||||||
1.00%, 5/15/2014 | 22,000 | 22,234 | ||||||
1.00%, 8/31/2016 | 24,000 | 24,460 | ||||||
1.00%, 9/30/2016 | 34,000 | 34,648 | ||||||
1.00%, 10/31/2016 | 29,000 | 29,557 | ||||||
1.00%, 3/31/2017 | 30,000 | 30,540 | ||||||
1.25%, 2/15/2014 (a) | 17,000 | 17,198 | ||||||
1.25%, 3/15/2014 | 18,000 | 18,223 | ||||||
1.25%, 4/15/2014 | 20,000 | 20,265 | ||||||
1.25%, 8/31/2015 | 25,000 | 25,608 | ||||||
1.25%, 9/30/2015 | 30,000 | 30,751 | ||||||
1.25%, 10/31/2015 | 25,000 | 25,640 | ||||||
1.38%, 11/30/2015 | 25,000 | 25,736 | ||||||
1.50%, 6/30/2016 | 26,000 | 26,953 | ||||||
1.50%, 7/31/2016 | 24,000 | 24,887 | ||||||
1.75%, 1/31/2014 | 23,000 | 23,384 | ||||||
1.75%, 3/31/2014 | 26,000 | 26,494 | ||||||
1.75%, 7/31/2015 | 27,000 | 27,986 | ||||||
1.75%, 5/31/2016 | 22,000 | 22,984 | ||||||
1.88%, 2/28/2014 | 28,000 | 28,539 | ||||||
1.88%, 4/30/2014 | 27,000 | 27,592 | ||||||
1.88%, 6/30/2015 | 23,000 | 23,893 | ||||||
1.88%, 8/31/2017 | 25,000 | 26,407 | ||||||
1.88%, 9/30/2017 | 20,000 | 21,124 | ||||||
1.88%, 10/31/2017 | 15,000 | 15,846 | ||||||
2.00%, 1/31/2016 | 24,000 | 25,189 | ||||||
2.00%, 4/30/2016 | 22,000 | 23,148 | ||||||
2.13%, 11/30/2014 | 33,000 | 34,170 | ||||||
2.13%, 5/31/2015 | 27,000 | 28,172 | ||||||
2.13%, 12/31/2015 | 14,000 | 14,733 | ||||||
2.13%, 2/29/2016 | 15,000 | 15,818 | ||||||
2.25%, 5/31/2014 | 27,000 | 27,768 | ||||||
2.25%, 1/31/2015 | 34,000 | 35,389 | ||||||
2.25%, 3/31/2016 | 21,000 | 22,252 | ||||||
2.25%, 11/30/2017 | 15,000 | 16,131 | ||||||
2.38%, 8/31/2014 | 33,000 | 34,167 | ||||||
2.38%, 9/30/2014 | 35,000 | 36,300 | ||||||
2.38%, 10/31/2014 | 32,000 | 33,233 | ||||||
2.38%, 2/28/2015 | 38,000 | 39,708 | ||||||
2.38%, 3/31/2016 | 15,000 | 15,948 | ||||||
2.38%, 7/31/2017 | 15,000 | 16,176 | ||||||
2.50%, 3/31/2015 | 39,000 | 40,940 | ||||||
2.50%, 4/30/2015 | 30,000 | 31,527 | ||||||
2.50%, 6/30/2017 | 20,000 | 21,670 | ||||||
2.63%, 6/30/2014 | 31,000 | 32,105 | ||||||
2.63%, 7/31/2014 | 32,000 | 33,204 | ||||||
2.63%, 12/31/2014 | 35,000 | 36,652 | ||||||
2.63%, 2/29/2016 | 12,000 | 12,842 | ||||||
2.63%, 4/30/2016 | 13,000 | 13,945 | ||||||
2.75%, 11/30/2016 | 21,000 | 22,815 | ||||||
2.75%, 5/31/2017 | 10,000 | 10,934 | ||||||
2.75%, 12/31/2017 | 5,000 | 5,503 | ||||||
3.00%, 8/31/2016 | 22,000 | 24,008 | ||||||
3.00%, 9/30/2016 | 23,000 | 25,142 | ||||||
3.00%, 2/28/2017 | 15,000 | 16,502 | ||||||
3.13%, 10/31/2016 | 25,000 | 27,483 | ||||||
3.13%, 1/31/2017 | 23,000 | 25,392 | ||||||
3.13%, 4/30/2017 | 20,000 | 22,166 | ||||||
3.25%, 5/31/2016 | 11,000 | 12,047 | ||||||
3.25%, 6/30/2016 | 16,000 | 17,555 | ||||||
3.25%, 7/31/2016 | 22,000 | 24,180 | ||||||
3.25%, 12/31/2016 | 18,000 | 19,938 | ||||||
3.25%, 3/31/2017 | 20,000 | 22,244 | ||||||
4.00%, 2/15/2014 | 24,000 | 25,016 |
See accompanying notes to financial statements.
90
SPDR Barclays Short Term Treasury ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.00%, 2/15/2015 | $ | 25,000 | $ | 26,960 | ||||
4.13%, 5/15/2015 | 21,000 | 22,888 | ||||||
4.25%, 8/15/2014 | 20,000 | 21,298 | ||||||
4.25%, 11/15/2014 | 21,000 | 22,559 | ||||||
4.25%, 8/15/2015 | 24,000 | 26,445 | ||||||
4.25%, 11/15/2017 | 15,000 | 17,565 | ||||||
4.50%, 11/15/2015 | 20,000 | 22,365 | ||||||
4.50%, 2/15/2016 | 19,000 | 21,415 | ||||||
4.50%, 5/15/2017 | 13,000 | 15,185 | ||||||
4.63%, 11/15/2016 | 18,000 | 20,831 | ||||||
4.63%, 2/15/2017 | 13,000 | 15,154 | ||||||
4.75%, 5/15/2014 | 23,000 | 24,418 | ||||||
4.75%, 8/15/2017 | 10,000 | 11,874 | ||||||
4.88%, 8/15/2016 | 16,000 | 18,522 | ||||||
5.13%, 5/15/2016 | 14,000 | 16,191 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $2,976,412) | 2,991,054 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 1.1% | ||||||||
MONEY MARKET FUNDS — 1.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 10,225 | 10,225 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d) | 23,709 | 23,709 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $33,934) | 33,934 | |||||||
TOTAL INVESTMENTS — 100.3% (f) | ||||||||
(Cost $3,010,346) | 3,024,988 | |||||||
OTHER ASSETS & LIABILITIES — (0.3)% | (9,581 | ) | ||||||
NET ASSETS — 100.0% | $ | 3,015,407 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Investments of cash collateral for securities loaned. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
91
SPDR Barclays Intermediate Term Treasury ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.4% | ||||||||
Treasury Bonds | ||||||||
7.25%, 5/15/2016 | $ | 715,000 | $ | 877,791 | ||||
7.25%, 8/15/2022 | 226,000 | 340,304 | ||||||
7.50%, 11/15/2016 | 301,000 | 381,515 | ||||||
7.63%, 11/15/2022 | 200,000 | 309,626 | ||||||
7.88%, 2/15/2021 | 154,000 | 231,770 | ||||||
8.00%, 11/15/2021 | 382,000 | 589,800 | ||||||
8.13%, 8/15/2019 | 347,000 | 504,979 | ||||||
8.13%, 5/15/2021 | 70,000 | 107,419 | ||||||
8.13%, 8/15/2021 | 70,000 | 108,160 | ||||||
8.50%, 2/15/2020 | 154,000 | 231,770 | ||||||
8.75%, 5/15/2017 | 238,000 | 321,814 | ||||||
8.75%, 5/15/2020 | 130,000 | 199,623 | ||||||
8.75%, 8/15/2020 | 235,000 | 363,775 | ||||||
8.88%, 8/15/2017 (a) | 158,000 | 217,261 | ||||||
8.88%, 2/15/2019 | 238,000 | 350,852 | ||||||
9.00%, 11/15/2018 | 186,000 | 272,665 | ||||||
9.13%, 5/15/2018 | 253,000 | 364,130 | ||||||
9.25%, 2/15/2016 | 183,000 | 233,276 | ||||||
9.88%, 11/15/2015 | 215,000 | 273,271 | ||||||
10.63%, 8/15/2015 | 133,000 | 168,639 | ||||||
11.25%, 2/15/2015 | 410,000 | 504,849 | ||||||
Treasury Notes | ||||||||
0.13%, 7/31/2014 | 1,174,000 | 1,171,969 | ||||||
0.13%, 12/31/2014 | 1,000,000 | 997,460 | ||||||
0.25%, 1/31/2014 | 1,200,000 | 1,200,708 | ||||||
0.25%, 2/28/2014 | 1,236,000 | 1,236,606 | ||||||
0.25%, 3/31/2014 | 1,169,000 | 1,169,549 | ||||||
0.25%, 4/30/2014 | 1,020,000 | 1,020,469 | ||||||
0.25%, 5/31/2014 | 1,334,000 | 1,334,574 | ||||||
0.25%, 6/30/2014 | 1,322,000 | 1,322,542 | ||||||
0.25%, 8/31/2014 | 1,356,000 | 1,356,298 | ||||||
0.25%, 9/15/2014 | 1,203,000 | 1,203,277 | ||||||
0.25%, 9/30/2014 | 1,200,000 | 1,200,264 | ||||||
0.25%, 10/31/2014 | 1,000,000 | 1,000,150 | ||||||
0.25%, 11/30/2014 | 1,150,000 | 1,150,035 | ||||||
0.25%, 12/15/2014 | 778,000 | 778,023 | ||||||
0.25%, 1/15/2015 | 799,000 | 798,720 | ||||||
0.25%, 2/15/2015 | 1,236,000 | 1,235,394 | ||||||
0.25%, 5/15/2015 | 1,275,000 | 1,273,419 | ||||||
0.25%, 7/15/2015 | 631,000 | 629,934 | ||||||
0.25%, 8/15/2015 | 678,000 | 676,793 | ||||||
0.25%, 9/15/2015 | 1,000,000 | 997,850 | ||||||
0.25%, 10/15/2015 | 1,000,000 | 997,680 | ||||||
0.25%, 12/15/2015 | 1,000,000 | 996,990 | ||||||
0.38%, 11/15/2014 | 793,000 | 794,871 | ||||||
0.38%, 3/15/2015 | 1,118,000 | 1,120,169 | ||||||
0.38%, 4/15/2015 | 850,000 | 851,445 | ||||||
0.38%, 6/15/2015 | 1,055,000 | 1,056,646 | ||||||
0.38%, 11/15/2015 (a) | 1,000,000 | 1,000,910 | ||||||
0.50%, 8/15/2014 | 1,021,000 | 1,025,452 | ||||||
0.50%, 10/15/2014 | 793,000 | 796,568 | ||||||
0.50%, 7/31/2017 | 752,000 | 747,496 | ||||||
0.63%, 7/15/2014 | 1,021,000 | 1,027,238 | ||||||
0.63%, 5/31/2017 | 850,000 | 851,301 | ||||||
0.63%, 8/31/2017 | 678,000 | 677,417 | ||||||
0.63%, 9/30/2017 | 500,000 | 499,105 | ||||||
0.63%, 11/30/2017 | 700,000 | 697,690 | ||||||
0.75%, 6/15/2014 (a) | 1,167,000 | 1,175,962 | ||||||
0.75%, 6/30/2017 | 1,051,000 | 1,057,274 | ||||||
0.75%, 10/31/2017 | 750,000 | 752,482 | ||||||
0.75%, 12/31/2017 | 850,000 | 851,394 | ||||||
0.88%, 11/30/2016 | 1,171,000 | 1,187,710 | ||||||
0.88%, 12/31/2016 | 891,000 | 903,278 | ||||||
0.88%, 1/31/2017 | 1,042,000 | 1,055,963 | ||||||
0.88%, 2/28/2017 | 826,000 | 836,911 | ||||||
0.88%, 4/30/2017 | 850,000 | 860,548 | ||||||
0.88%, 7/31/2019 | 452,000 | 446,495 | ||||||
1.00%, 1/15/2014 | 771,000 | 777,446 | ||||||
1.00%, 5/15/2014 | 1,162,000 | 1,174,375 | ||||||
1.00%, 8/31/2016 | 1,171,000 | 1,193,436 | ||||||
1.00%, 9/30/2016 | 795,000 | 810,145 | ||||||
1.00%, 10/31/2016 | 795,000 | 810,272 | ||||||
1.00%, 3/31/2017 | 1,081,000 | 1,100,447 | ||||||
1.00%, 6/30/2019 | 676,000 | 674,100 | ||||||
1.00%, 8/31/2019 | 678,000 | 674,196 | ||||||
1.00%, 9/30/2019 | 700,000 | 695,345 | ||||||
1.00%, 11/30/2019 (a) | 700,000 | 693,252 | ||||||
1.13%, 5/31/2019 | 550,000 | 553,547 | ||||||
1.13%, 12/31/2019 | 900,000 | 897,543 | ||||||
1.25%, 2/15/2014 | 775,000 | 784,021 | ||||||
1.25%, 3/15/2014 | 973,000 | 985,055 | ||||||
1.25%, 4/15/2014 | 778,000 | 788,293 | ||||||
1.25%, 8/31/2015 | 837,000 | 857,364 | ||||||
1.25%, 9/30/2015 | 1,123,000 | 1,151,120 | ||||||
1.25%, 10/31/2015 | 1,144,000 | 1,173,286 | ||||||
1.25%, 1/31/2019 | 640,000 | 651,642 | ||||||
1.25%, 4/30/2019 | 425,000 | 431,456 | ||||||
1.25%, 10/31/2019 (a) | 600,000 | 605,040 | ||||||
1.38%, 11/30/2015 | 1,180,000 | 1,214,751 | ||||||
1.38%, 9/30/2018 | 789,000 | 811,242 | ||||||
1.38%, 11/30/2018 (a) | 789,000 | 809,987 | ||||||
1.38%, 12/31/2018 (a) | 547,000 | 561,260 | ||||||
1.38%, 2/28/2019 | 410,000 | 420,246 | ||||||
1.50%, 6/30/2016 | 1,136,000 | 1,177,657 | ||||||
1.50%, 7/31/2016 | 1,171,000 | 1,214,292 | ||||||
1.50%, 8/31/2018 | 939,000 | 972,457 | ||||||
1.50%, 3/31/2019 | 410,000 | 422,923 | ||||||
1.63%, 8/15/2022 | 1,452,000 | 1,442,402 | ||||||
1.63%, 11/15/2022 (a) | 1,000,000 | 988,980 | ||||||
1.75%, 1/31/2014 | 887,000 | 901,795 | ||||||
1.75%, 3/31/2014 | 989,000 | 1,007,781 | ||||||
1.75%, 7/31/2015 | 979,000 | 1,014,753 | ||||||
1.75%, 5/31/2016 | 875,000 | 914,148 | ||||||
1.75%, 10/31/2018 | 489,000 | 512,893 | ||||||
1.75%, 5/15/2022 | 1,586,000 | 1,599,624 | ||||||
1.88%, 2/28/2014 | 794,000 | 809,277 | ||||||
1.88%, 4/30/2014 | 1,247,000 | 1,274,359 | ||||||
1.88%, 6/30/2015 | 974,000 | 1,011,820 | ||||||
1.88%, 8/31/2017 | 1,023,000 | 1,080,585 | ||||||
1.88%, 9/30/2017 | 866,000 | 914,678 | ||||||
1.88%, 10/31/2017 | 869,000 | 918,020 | ||||||
2.00%, 1/31/2016 | 1,029,000 | 1,079,966 | ||||||
2.00%, 4/30/2016 | 782,000 | 822,805 | ||||||
2.00%, 11/15/2021 | 1,584,000 | 1,643,844 | ||||||
2.00%, 2/15/2022 | 1,322,000 | 1,367,027 | ||||||
2.13%, 11/30/2014 | 1,482,000 | 1,534,552 |
See accompanying notes to financial statements.
92
SPDR Barclays Intermediate Term Treasury ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
2.13%, 5/31/2015 | $ | 1,240,000 | $ | 1,293,816 | ||||
2.13%, 12/31/2015 | 621,000 | 653,491 | ||||||
2.13%, 2/29/2016 | 547,000 | 576,844 | ||||||
2.13%, 8/15/2021 | 1,536,000 | 1,614,689 | ||||||
2.25%, 5/31/2014 | 981,000 | 1,008,919 | ||||||
2.25%, 1/31/2015 | 1,051,000 | 1,093,944 | ||||||
2.25%, 3/31/2016 | 780,000 | 826,488 | ||||||
2.25%, 11/30/2017 | 665,000 | 715,148 | ||||||
2.25%, 7/31/2018 | 357,000 | 384,600 | ||||||
2.38%, 8/31/2014 | 1,421,000 | 1,471,233 | ||||||
2.38%, 9/30/2014 | 1,436,000 | 1,489,347 | ||||||
2.38%, 10/31/2014 | 1,396,000 | 1,449,774 | ||||||
2.38%, 2/28/2015 | 1,574,000 | 1,644,751 | ||||||
2.38%, 3/31/2016 | 678,000 | 720,843 | ||||||
2.38%, 7/31/2017 | 883,000 | 952,254 | ||||||
2.38%, 5/31/2018 | 522,000 | 565,613 | ||||||
2.38%, 6/30/2018 | 780,000 | 845,450 | ||||||
2.50%, 3/31/2015 | 1,576,000 | 1,654,406 | ||||||
2.50%, 4/30/2015 | 1,290,000 | 1,355,661 | ||||||
2.50%, 6/30/2017 | 631,000 | 683,676 | ||||||
2.63%, 6/30/2014 | 1,248,000 | 1,292,479 | ||||||
2.63%, 7/31/2014 | 1,341,000 | 1,391,435 | ||||||
2.63%, 12/31/2014 | 1,357,000 | 1,421,037 | ||||||
2.63%, 2/29/2016 | 391,000 | 418,444 | ||||||
2.63%, 4/30/2016 | 685,000 | 734,806 | ||||||
2.63%, 1/31/2018 | 456,000 | 499,056 | ||||||
2.63%, 4/30/2018 | 621,000 | 680,722 | ||||||
2.63%, 8/15/2020 | 1,568,000 | 1,722,621 | ||||||
2.63%, 11/15/2020 | 1,889,000 | 2,072,063 | ||||||
2.75%, 11/30/2016 | 1,013,000 | 1,100,574 | ||||||
2.75%, 5/31/2017 (a) | 705,000 | 770,854 | ||||||
2.75%, 12/31/2017 | 660,000 | 726,350 | ||||||
2.75%, 2/28/2018 | 566,000 | 623,596 | ||||||
2.75%, 2/15/2019 | 933,000 | 1,033,325 | ||||||
2.88%, 3/31/2018 | 562,000 | 623,140 | ||||||
3.00%, 8/31/2016 | 845,000 | 922,115 | ||||||
3.00%, 9/30/2016 | 1,097,000 | 1,199,153 | ||||||
3.00%, 2/28/2017 | 529,000 | 581,985 | ||||||
3.13%, 10/31/2016 | 634,000 | 696,975 | ||||||
3.13%, 1/31/2017 | 1,012,000 | 1,117,258 | ||||||
3.13%, 4/30/2017 | 704,000 | 780,236 | ||||||
3.13%, 5/15/2019 | 935,000 | 1,059,084 | ||||||
3.13%, 5/15/2021 | 1,305,000 | 1,479,818 | ||||||
3.25%, 5/31/2016 | 362,000 | 396,470 | ||||||
3.25%, 6/30/2016 | 746,000 | 818,511 | ||||||
3.25%, 7/31/2016 | 679,000 | 746,269 | ||||||
3.25%, 12/31/2016 | 708,000 | 784,230 | ||||||
3.25%, 3/31/2017 | 1,017,000 | 1,131,107 | ||||||
3.38%, 11/15/2019 | 1,190,000 | 1,368,405 | ||||||
3.50%, 2/15/2018 | 1,082,000 | 1,232,182 | ||||||
3.50%, 5/15/2020 | 1,612,000 | 1,871,564 | ||||||
3.63%, 8/15/2019 | 1,196,000 | 1,392,957 | ||||||
3.63%, 2/15/2020 | 1,841,000 | 2,151,098 | ||||||
3.63%, 2/15/2021 | 1,400,000 | 1,643,166 | ||||||
3.75%, 11/15/2018 | 949,000 | 1,105,149 | ||||||
3.88%, 5/15/2018 | 463,000 | 538,173 | ||||||
4.00%, 2/15/2014 | 1,116,000 | 1,163,240 | ||||||
4.00%, 2/15/2015 | 1,051,000 | 1,133,398 | ||||||
4.00%, 8/15/2018 | 347,000 | 407,770 | ||||||
4.13%, 5/15/2015 | 714,000 | 778,196 | ||||||
4.25%, 8/15/2014 | 704,000 | 749,697 | ||||||
4.25%, 11/15/2014 | 560,000 | 601,574 | ||||||
4.25%, 8/15/2015 | 1,019,000 | 1,122,806 | ||||||
4.25%, 11/15/2017 | 496,000 | 580,801 | ||||||
4.50%, 11/15/2015 | 771,000 | 862,171 | ||||||
4.50%, 2/15/2016 | 676,000 | 761,933 | ||||||
4.50%, 5/15/2017 | 500,000 | 584,035 | ||||||
4.63%, 11/15/2016 | 775,000 | 896,869 | ||||||
4.63%, 2/15/2017 | 418,000 | 487,271 | ||||||
4.75%, 5/15/2014 | 967,000 | 1,026,625 | ||||||
4.75%, 8/15/2017 | 771,000 | 915,462 | ||||||
4.88%, 8/15/2016 | 603,000 | 698,045 | ||||||
5.13%, 5/15/2016 | 451,000 | 521,568 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $162,301,660) | 169,320,638 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 2.6% | ||||||||
MONEY MARKET FUNDS — 2.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 3,241,703 | 3,241,703 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d) | 1,207,119 | 1,207,119 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $4,448,822) | 4,448,822 | |||||||
TOTAL INVESTMENTS — 102.0% (f) | ||||||||
(Cost $166,750,482) | 173,769,460 | |||||||
OTHER ASSETS & LIABILITIES — (2.0)% | (3,444,519 | ) | ||||||
NET ASSETS — 100.0% | $ | 170,324,941 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Investments of cash collateral for securities loaned. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
93
SPDR Barclays Long Term Treasury ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.0% | ||||||||
Treasury Bonds | ||||||||
2.75%, 8/15/2042 | $ | 3,225,000 | $ | 3,112,705 | ||||
2.75%, 11/15/2042 | 1,923,000 | 1,852,541 | ||||||
3.00%, 5/15/2042 | 2,970,000 | 3,024,262 | ||||||
3.13%, 11/15/2041 | 3,032,000 | 3,171,745 | ||||||
3.13%, 2/15/2042 | 2,877,000 | 3,006,580 | ||||||
3.50%, 2/15/2039 | 1,690,000 | 1,908,956 | ||||||
3.75%, 8/15/2041 | 2,152,000 | 2,528,062 | ||||||
3.88%, 8/15/2040 | 2,110,000 | 2,534,912 | ||||||
4.25%, 5/15/2039 | 1,726,000 | 2,200,391 | ||||||
4.25%, 11/15/2040 | 2,420,000 | 3,088,670 | ||||||
4.38%, 2/15/2038 | 989,000 | 1,283,267 | ||||||
4.38%, 11/15/2039 | 2,342,000 | 3,045,209 | ||||||
4.38%, 5/15/2040 | 2,278,000 | 2,963,815 | ||||||
4.38%, 5/15/2041 | 1,707,000 | 2,222,753 | ||||||
4.50%, 2/15/2036 | 1,317,000 | 1,733,475 | ||||||
4.50%, 5/15/2038 | 1,350,000 | 1,784,578 | ||||||
4.50%, 8/15/2039 | 1,236,000 | 1,636,798 | ||||||
4.63%, 2/15/2040 | 1,894,000 | 2,557,373 | ||||||
4.75%, 2/15/2037 | 578,000 | 788,721 | ||||||
4.75%, 2/15/2041 (a) | 1,792,000 | 2,469,233 | ||||||
5.00%, 5/15/2037 | 533,000 | 752,212 | ||||||
5.25%, 11/15/2028 | 637,000 | 880,296 | ||||||
5.25%, 2/15/2029 | 638,000 | 883,834 | ||||||
5.38%, 2/15/2031 (a) | 998,000 | 1,424,845 | ||||||
5.50%, 8/15/2028 | 541,000 | 764,655 | ||||||
6.00%, 2/15/2026 | 656,000 | 949,403 | ||||||
6.13%, 11/15/2027 | 1,065,000 | 1,582,356 | ||||||
6.13%, 8/15/2029 | 451,000 | 683,500 | ||||||
6.25%, 8/15/2023 | 1,191,000 | 1,708,192 | ||||||
6.25%, 5/15/2030 | 768,000 | 1,187,850 | ||||||
6.38%, 8/15/2027 | 406,000 | 615,236 | ||||||
6.50%, 11/15/2026 | 424,000 | 643,959 | ||||||
6.63%, 2/15/2027 | 376,000 | 578,487 | ||||||
6.75%, 8/15/2026 | 332,000 | 513,013 | ||||||
6.88%, 8/15/2025 | 416,000 | 640,786 | ||||||
7.13%, 2/15/2023 | 547,000 | 825,078 | ||||||
7.50%, 11/15/2024 (a) | 471,000 | 750,199 | ||||||
7.63%, 2/15/2025 | 386,000 | 622,549 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $64,121,463) | 62,920,496 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 3.3% | ||||||||
MONEY MARKET FUNDS — 3.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 1,935,755 | 1,935,755 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d) | 121,822 | 121,822 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $2,057,577) | 2,057,577 | |||||||
TOTAL INVESTMENTS — 102.3% (f) | ||||||||
(Cost $66,179,040) | 64,978,073 | |||||||
OTHER ASSETS & LIABILITIES — (2.3)% | (1,443,065 | ) | ||||||
NET ASSETS — 100.0% | $ | 63,535,008 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Investments of cash collateral for securities loaned. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
94
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.9% | ||||||||
AEROSPACE & DEFENSE — 1.2% | ||||||||
General Dynamics Corp. 1.38%, 1/15/2015 | $ | 2,013,000 | $ | 2,048,578 | ||||
Honeywell International, Inc. 3.88%, 2/15/2014 | 2,000,000 | 2,073,079 | ||||||
Northrop Grumman Corp.: | ||||||||
1.85%, 11/15/2015 | 550,000 | 563,162 | ||||||
3.70%, 8/1/2014 | 1,850,000 | 1,934,156 | ||||||
Precision Castparts Corp. 0.70%, 12/20/2015 | 1,500,000 | 1,503,854 | ||||||
Textron, Inc. 6.20%, 3/15/2015 | 1,000,000 | 1,094,634 | ||||||
The Boeing Co.: | ||||||||
3.50%, 2/15/2015 | 1,500,000 | 1,588,230 | ||||||
5.00%, 3/15/2014 | 2,250,000 | 2,365,849 | ||||||
United Technologies Corp.: | ||||||||
1.20%, 6/1/2015 | 2,000,000 | 2,028,623 | ||||||
4.88%, 5/1/2015 | 4,675,000 | 5,131,332 | ||||||
20,331,497 | ||||||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||||
FedEx Corp. 7.38%, 1/15/2014 | 250,000 | 267,100 | ||||||
GATX Corp. 8.75%, 5/15/2014 | 1,250,000 | 1,377,985 | ||||||
United Parcel Service, Inc. 3.88%, 4/1/2014 | 3,825,000 | 3,985,514 | ||||||
5,630,599 | ||||||||
AIRLINES — 0.0% (a) | ||||||||
Southwest Airlines Co. 5.25%, 10/1/2014 | 122,000 | 129,755 | ||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc. 1.75%, 3/1/2014 | 975,000 | 986,842 | ||||||
AUTOMOBILES — 0.2% | ||||||||
Harley-Davidson, Inc. 15.00%, 2/1/2014 | 50,000 | 56,961 | ||||||
PACCAR Financial Corp.: | ||||||||
0.75%, 8/14/2015 | 1,010,000 | 1,013,864 | ||||||
1.05%, 6/5/2015 | 1,000,000 | 1,001,852 | ||||||
1.55%, 9/29/2014 | 1,500,000 | 1,523,307 | ||||||
PACCAR, Inc. 6.88%, 2/15/2014 | 250,000 | 267,070 | ||||||
3,863,054 | ||||||||
BEVERAGES — 3.4% | ||||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
0.80%, 7/15/2015 | 6,500,000 | 6,519,182 | ||||||
1.50%, 7/14/2014 | 2,600,000 | 2,636,824 | ||||||
3.63%, 4/15/2015 | 1,000,000 | 1,067,887 | ||||||
4.13%, 1/15/2015 | 2,000,000 | 2,141,274 | ||||||
5.38%, 11/15/2014 | 6,875,000 | 7,464,638 | ||||||
Bottling Group LLC 6.95%, 3/15/2014 | 5,125,000 | 5,511,859 | ||||||
Coca-Cola Enterprises, Inc. 2.13%, 9/15/2015 | 1,425,000 | 1,469,512 | ||||||
Coca-Cola HBC Finance BV 5.50%, 9/17/2015 | 2,935,000 | 3,184,202 | ||||||
Coca-Cola Refreshments USA, Inc.: | ||||||||
4.25%, 3/1/2015 | 3,600,000 | 3,866,015 | ||||||
7.38%, 3/3/2014 | 1,250,000 | 1,348,721 | ||||||
Diageo Capital PLC 7.38%, 1/15/2014 | 3,169,000 | 3,390,922 | ||||||
Diageo Finance BV 3.25%, 1/15/2015 | 1,600,000 | 1,678,365 | ||||||
PepsiAmericas, Inc. 4.38%, 2/15/2014 | 600,000 | 624,928 | ||||||
PepsiCo, Inc.: | ||||||||
0.70%, 8/13/2015 | 2,575,000 | 2,578,831 | ||||||
0.75%, 3/5/2015 | 2,500,000 | 2,509,585 | ||||||
0.80%, 8/25/2014 | 1,500,000 | 1,507,320 | ||||||
3.10%, 1/15/2015 | 2,625,000 | 2,757,646 | ||||||
3.75%, 3/1/2014 | 1,825,000 | 1,893,845 | ||||||
The Coca-Cola Co.: | ||||||||
0.75%, 3/13/2015 | 3,500,000 | 3,519,690 | ||||||
3.63%, 3/15/2014 | 2,875,000 | 2,980,972 | ||||||
58,652,218 | ||||||||
BIOTECHNOLOGY — 1.0% | ||||||||
Amgen, Inc.: | ||||||||
1.88%, 11/15/2014 | 2,188,000 | 2,231,508 | ||||||
4.85%, 11/18/2014 | 3,500,000 | 3,760,427 | ||||||
Celgene Corp. 2.45%, 10/15/2015 | 1,250,000 | 1,301,386 | ||||||
Genentech, Inc. 4.75%, 7/15/2015 | 3,000,000 | 3,297,023 | ||||||
Genzyme Corp. 3.63%, 6/15/2015 | 1,500,000 | 1,602,735 | ||||||
Gilead Sciences, Inc. 2.40%, 12/1/2014 | 3,000,000 | 3,088,637 | ||||||
Life Technologies Corp. 4.40%, 3/1/2015 | 1,000,000 | 1,066,612 | ||||||
16,348,328 | ||||||||
CAPITAL MARKETS — 6.8% | ||||||||
BlackRock, Inc.: | ||||||||
1.38%, 6/1/2015 | 2,000,000 | 2,027,344 | ||||||
3.50%, 12/10/2014 | 2,800,000 | 2,956,364 | ||||||
Deutsche Bank Financial LLC 5.38%, 3/2/2015 | 2,000,000 | 2,127,078 | ||||||
Jefferies Group, Inc.: | ||||||||
3.88%, 11/9/2015 | 1,000,000 | 1,032,500 | ||||||
5.88%, 6/8/2014 | 500,000 | 527,500 | ||||||
Morgan Stanley: | ||||||||
2.88%, 1/24/2014 | 2,850,000 | 2,897,181 | ||||||
2.88%, 7/28/2014 | 1,635,000 | 1,667,217 | ||||||
3.45%, 11/2/2015 | 3,500,000 | 3,629,117 | ||||||
4.00%, 7/24/2015 | 1,500,000 | 1,572,580 | ||||||
4.10%, 1/26/2015 | 6,500,000 | 6,781,682 | ||||||
4.20%, 11/20/2014 | 5,500,000 | 5,748,577 | ||||||
4.75%, 4/1/2014 | 9,625,000 | 9,955,620 | ||||||
5.38%, 10/15/2015 | 4,500,000 | 4,890,326 | ||||||
6.00%, 5/13/2014 | 3,600,000 | 3,810,550 | ||||||
6.00%, 4/28/2015 | 8,100,000 | 8,822,052 | ||||||
Northern Trust Corp. 4.63%, 5/1/2014 | 500,000 | 527,009 |
See accompanying notes to financial statements.
95
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
TD Ameritrade Holding Corp. 4.15%, 12/1/2014 | $ | 1,570,000 | $ | 1,668,202 | ||||
The Bank of New York Mellon Corp.: | ||||||||
1.20%, 2/20/2015 | 3,270,000 | 3,296,406 | ||||||
1.50%, 1/31/2014 | 500,000 | 505,381 | ||||||
4.30%, 5/15/2014 | 4,800,000 | 5,045,532 | ||||||
4.95%, 3/15/2015 | 500,000 | 541,795 | ||||||
The Bear Stearns Cos. LLC 5.70%, 11/15/2014 | 5,500,000 | 5,972,563 | ||||||
The Charles Schwab Corp. 0.85%, 12/4/2015 | 1,000,000 | 1,002,814 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
1.60%, 11/23/2015 | 3,200,000 | 3,213,312 | ||||||
3.30%, 5/3/2015 | 10,000,000 | 10,411,453 | ||||||
3.70%, 8/1/2015 | 2,000,000 | 2,108,325 | ||||||
5.00%, 10/1/2014 | 3,000,000 | 3,193,941 | ||||||
5.13%, 1/15/2015 | 5,750,000 | 6,166,665 | ||||||
5.15%, 1/15/2014 | 6,500,000 | 6,777,890 | ||||||
5.50%, 11/15/2014 | 2,550,000 | 2,749,760 | ||||||
6.00%, 5/1/2014 | 5,438,000 | 5,785,686 | ||||||
117,412,422 | ||||||||
CHEMICALS — 1.6% | ||||||||
Airgas, Inc. 4.50%, 9/15/2014 | 1,124,000 | 1,189,706 | ||||||
Albemarle Corp. 5.10%, 2/1/2015 | 1,500,000 | 1,616,683 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
1.75%, 3/25/2014 | 2,600,000 | 2,639,175 | ||||||
3.25%, 1/15/2015 | 2,350,000 | 2,474,899 | ||||||
4.75%, 3/15/2015 | 1,034,000 | 1,124,946 | ||||||
4.88%, 4/30/2014 | 191,000 | 202,007 | ||||||
Ecolab, Inc.: | ||||||||
1.00%, 8/9/2015 | 2,293,000 | 2,294,612 | ||||||
2.38%, 12/8/2014 | 1,500,000 | 1,544,633 | ||||||
Potash Corp. of Saskatchewan, Inc.: | ||||||||
3.75%, 9/30/2015 | 500,000 | 537,551 | ||||||
5.25%, 5/15/2014 | 2,350,000 | 2,494,993 | ||||||
Praxair, Inc.: | ||||||||
3.25%, 9/15/2015 | 660,000 | 704,609 | ||||||
4.63%, 3/30/2015 | 2,100,000 | 2,284,299 | ||||||
The Dow Chemical Co.: | ||||||||
5.90%, 2/15/2015 | 5,000,000 | 5,510,618 | ||||||
7.60%, 5/15/2014 | 1,414,000 | 1,541,816 | ||||||
The Sherwin-Williams Co. 3.13%, 12/15/2014 | 1,250,000 | 1,308,705 | ||||||
27,469,252 | ||||||||
COMMERCIAL BANKS — 14.9% | ||||||||
Abbey National Treasury Services PLC/London 2.88%, 4/25/2014 | 1,375,000 | 1,394,983 | ||||||
American Express Centurion Bank 0.88%, 11/13/2015 | 1,250,000 | 1,247,263 | ||||||
Bank of Montreal: | ||||||||
0.80%, 11/6/2015 | 2,000,000 | 1,997,047 | ||||||
1.75%, 4/29/2014 | 1,750,000 | 1,777,679 | ||||||
Bank of Nova Scotia: | ||||||||
0.75%, 10/9/2015 | 3,900,000 | 3,883,741 | ||||||
1.85%, 1/12/2015 | 2,000,000 | 2,040,072 | ||||||
2.05%, 10/7/2015 | 1,000,000 | 1,029,890 | ||||||
3.40%, 1/22/2015 | 7,875,000 | 8,283,434 | ||||||
Bank One Corp. 4.90%, 4/30/2015 | 2,000,000 | 2,162,196 | ||||||
Barclays Bank PLC: | ||||||||
2.38%, 1/13/2014 | 1,000,000 | 1,006,343 | ||||||
2.75%, 2/23/2015 | 5,300,000 | 5,484,504 | ||||||
3.90%, 4/7/2015 | 5,500,000 | 5,837,048 | ||||||
5.20%, 7/10/2014 | 5,000,000 | 5,316,817 | ||||||
BB&T Corp.: | ||||||||
2.05%, 4/28/2014 | 5,800,000 | 5,903,686 | ||||||
5.70%, 4/30/2014 | 1,250,000 | 1,334,303 | ||||||
BBVA US Senior SAU: | ||||||||
3.25%, 5/16/2014 | 3,550,000 | 3,549,791 | ||||||
4.66%, 10/9/2015 | 4,131,000 | 4,218,122 | ||||||
BNP Paribas 3.25%, 3/11/2015 | 7,135,000 | 7,434,555 | ||||||
Canadian Imperial Bank of Commerce/Canada: | ||||||||
0.90%, 10/1/2015 | 2,000,000 | 2,002,570 | ||||||
2.35%, 12/11/2015 | 4,106,000 | 4,284,403 | ||||||
Capital One Financial Corp. 1.00%, 11/6/2015 | 1,500,000 | 1,491,517 | ||||||
Comerica, Inc. 3.00%, 9/16/2015 | 690,000 | 726,728 | ||||||
Commonwealth Bank of Australia/New York, NY: | ||||||||
1.25%, 9/18/2015 | 5,000,000 | 5,039,735 | ||||||
1.95%, 3/16/2015 | 3,750,000 | 3,831,526 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
1.85%, 1/10/2014 | 2,625,000 | 2,657,057 | ||||||
2.13%, 10/13/2015 | 4,500,000 | 4,638,274 | ||||||
Credit Suisse of New York, NY: | ||||||||
2.20%, 1/14/2014 | 3,050,000 | 3,082,803 | ||||||
3.50%, 3/23/2015 | 4,000,000 | 4,224,047 | ||||||
5.50%, 5/1/2014 | 9,540,000 | 10,139,621 | ||||||
Deutsche Bank AG London: | ||||||||
3.45%, 3/30/2015 | 4,450,000 | 4,691,367 | ||||||
3.88%, 8/18/2014 | 2,150,000 | 2,258,576 | ||||||
Fifth Third Bank 4.75%, 2/1/2015 | 1,000,000 | 1,069,550 | ||||||
HSBC Bank USA NA 4.63%, 4/1/2014 | 3,000,000 | 3,107,905 | ||||||
HSBC Finance Corp. 5.25%, 1/15/2014 | 1,000,000 | 1,043,783 | ||||||
HSBC USA, Inc. 2.38%, 2/13/2015 | 8,425,000 | 8,666,527 | ||||||
JPMorgan Chase & Co. 5.38%, 1/15/2014 | 500,000 | 524,674 | ||||||
Key Bank NA 5.80%, 7/1/2014 | 1,050,000 | 1,120,734 | ||||||
KeyCorp 3.75%, 8/13/2015 | 3,760,000 | 4,026,109 | ||||||
National Australia Bank/New York: | ||||||||
1.60%, 8/7/2015 | 4,500,000 | 4,568,815 | ||||||
2.00%, 3/9/2015 | 2,500,000 | 2,553,841 |
See accompanying notes to financial statements.
96
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
National Bank of Canada 1.50%, 6/26/2015 | $ | 2,500,000 | $ | 2,533,546 | ||||
National City Corp. 4.90%, 1/15/2015 | 500,000 | 539,758 | ||||||
PNC Funding Corp.: | ||||||||
3.00%, 5/19/2014 | 200,000 | 206,595 | ||||||
3.63%, 2/8/2015 | 5,000,000 | 5,293,647 | ||||||
4.25%, 9/21/2015 | 1,500,000 | 1,638,953 | ||||||
5.25%, 11/15/2015 | 2,000,000 | 2,227,832 | ||||||
5.40%, 6/10/2014 | 750,000 | 798,760 | ||||||
Regions Financial Corp.: | ||||||||
5.75%, 6/15/2015 | 1,500,000 | 1,620,000 | ||||||
7.75%, 11/10/2014 | 1,500,000 | 1,657,500 | ||||||
Royal Bank of Canada: | ||||||||
0.80%, 10/30/2015 | 2,000,000 | 1,997,064 | ||||||
1.13%, 1/15/2014 | 3,000,000 | 3,016,205 | ||||||
1.15%, 3/13/2015 | 2,250,000 | 2,267,008 | ||||||
1.45%, 10/30/2014 | 4,575,000 | 4,643,784 | ||||||
2.63%, 12/15/2015 | 3,000,000 | 3,150,364 | ||||||
SouthTrust Corp. 5.80%, 6/15/2014 | 1,750,000 | 1,869,683 | ||||||
Sumitomo Mitsui Banking Corp. 1.35%, 7/18/2015 | 2,000,000 | 2,019,955 | ||||||
The Bank Of New York Mellon Corp.: | ||||||||
1.70%, 11/24/2014 | 3,000,000 | 3,053,919 | ||||||
2.95%, 6/18/2015 | 3,500,000 | 3,678,607 | ||||||
The Royal Bank of Scotland PLC 3.25%, 1/11/2014 | 750,000 | 767,580 | ||||||
The Toronto-Dominion Bank 1.38%, 7/14/2014 | 1,650,000 | 1,669,457 | ||||||
US Bancorp: | ||||||||
2.45%, 7/27/2015 | 3,000,000 | 3,133,394 | ||||||
2.88%, 11/20/2014 | 2,000,000 | 2,087,026 | ||||||
3.13%, 4/1/2015 | 250,000 | 263,494 | ||||||
4.20%, 5/15/2014 | 4,325,000 | 4,543,387 | ||||||
US Bank NA: | ||||||||
4.95%, 10/30/2014 | 1,450,000 | 1,561,809 | ||||||
6.30%, 2/4/2014 | 1,500,000 | 1,591,135 | ||||||
US Bank NA/Cincinnati OH 3.78%, 4/29/2020 | 3,000,000 | 3,181,031 | ||||||
Wachovia Bank NA: | ||||||||
4.80%, 11/1/2014 | 1,737,000 | 1,854,861 | ||||||
4.88%, 2/1/2015 | 2,000,000 | 2,146,359 | ||||||
Wachovia Corp.: | ||||||||
4.88%, 2/15/2014 | 500,000 | 521,835 | ||||||
5.25%, 8/1/2014 | 5,150,000 | 5,492,708 | ||||||
Wells Fargo & Co.: | ||||||||
1.25%, 2/13/2015 | 7,250,000 | 7,310,302 | ||||||
1.50%, 7/1/2015 | 11,000,000 | 11,162,100 | ||||||
3.63%, 4/15/2015 | 2,000,000 | 2,127,755 | ||||||
3.75%, 10/1/2014 | 6,950,000 | 7,336,436 | ||||||
5.00%, 11/15/2014 | 67,000 | 71,954 | ||||||
Wells Fargo Bank NA 4.75%, 2/9/2015 | 300,000 | 322,383 | ||||||
Westpac Banking Corp.: | ||||||||
1.13%, 9/25/2015 | 5,450,000 | 5,490,018 | ||||||
3.00%, 8/4/2015 | 5,536,000 | 5,825,453 | ||||||
3.00%, 12/9/2015 | 250,000 | 264,425 | ||||||
4.20%, 2/27/2015 | 4,725,000 | 5,062,068 | ||||||
Zions Bancorporation 7.75%, 9/23/2014 | 1,000,000 | 1,100,000 | ||||||
256,751,786 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.4% | ||||||||
Cornell University 4.35%, 2/1/2014 | 10,000 | 10,415 | ||||||
Pitney Bowes, Inc.: | ||||||||
4.88%, 8/15/2014 | 800,000 | 830,615 | ||||||
5.00%, 3/15/2015 | 1,750,000 | 1,833,536 | ||||||
The Board Of Trustees Of The Leland Stanford Junior University 3.63%, 5/1/2014 | 680,000 | 708,176 | ||||||
The Western Union Co. 2.38%, 12/10/2015 | 650,000 | 653,172 | ||||||
Waste Management, Inc.: | ||||||||
5.00%, 3/15/2014 | 1,350,000 | 1,417,832 | ||||||
6.38%, 3/11/2015 | 570,000 | 636,954 | ||||||
6,090,700 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.5% | ||||||||
Cisco Systems, Inc.: | ||||||||
1.63%, 3/14/2014 | 5,188,000 | 5,262,123 | ||||||
2.90%, 11/17/2014 | 1,400,000 | 1,465,338 | ||||||
Harris Corp. 5.00%, 10/1/2015 | 1,250,000 | 1,372,645 | ||||||
8,100,106 | ||||||||
COMPUTERS & PERIPHERALS — 2.1% | ||||||||
Computer Sciences Corp. 2.50%, 9/15/2015 | 1,446,000 | 1,478,277 | ||||||
Dell, Inc.: | ||||||||
2.10%, 4/1/2014 | 1,000,000 | 1,016,728 | ||||||
2.30%, 9/10/2015 | 2,269,000 | 2,336,570 | ||||||
5.63%, 4/15/2014 | 1,500,000 | 1,592,548 | ||||||
Hewlett-Packard Co.: | ||||||||
1.55%, 5/30/2014 | 2,250,000 | 2,240,531 | ||||||
2.13%, 9/13/2015 | 3,000,000 | 2,993,893 | ||||||
2.35%, 3/15/2015 | 5,100,000 | 5,121,501 | ||||||
2.63%, 12/9/2014 | 1,000,000 | 1,005,126 | ||||||
4.75%, 6/2/2014 | 3,500,000 | 3,626,361 | ||||||
6.13%, 3/1/2014 | 4,750,000 | 4,988,670 | ||||||
International Business Machines Corp.: | ||||||||
0.75%, 5/11/2015 | 500,000 | 501,491 | ||||||
0.88%, 10/31/2014 | 5,500,000 | 5,542,300 | ||||||
1.25%, 5/12/2014 | 3,273,000 | 3,312,926 | ||||||
35,756,922 | ||||||||
CONSUMER FINANCE — 0.6% | ||||||||
Caterpillar Financial Services Corp.: | ||||||||
1.05%, 3/26/2015 | 1,000,000 | 1,008,807 | ||||||
1.10%, 5/29/2015 | 500,000 | 504,742 | ||||||
1.38%, 5/20/2014 | 3,313,000 | 3,352,869 | ||||||
1.65%, 4/1/2014 | 200,000 | 202,906 | ||||||
4.60%, 1/15/2014 | 500,000 | 521,361 | ||||||
6.13%, 2/17/2014 | 4,538,000 | 4,827,211 | ||||||
10,417,896 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Bemis Co., Inc. 5.65%, 8/1/2014 | 1,000,000 | 1,071,171 | ||||||
See accompanying notes to financial statements.
97
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
Yale University 2.90%, 10/15/2014 | $ | 2,750,000 | $ | 2,867,253 | ||||
DIVERSIFIED FINANCIAL SERVICES — 21.2% | ||||||||
American Express Co. 7.25%, 5/20/2014 | 3,943,000 | 4,292,679 | ||||||
American Express Credit Corp.: | ||||||||
1.75%, 6/12/2015 | 6,519,000 | 6,644,444 | ||||||
2.75%, 9/15/2015 | 4,000,000 | 4,194,850 | ||||||
5.13%, 8/25/2014 | 4,350,000 | 4,661,265 | ||||||
5.30%, 12/2/2015 | 1,000,000 | 1,124,872 | ||||||
Ameriprise Financial, Inc. 5.65%, 11/15/2015 | 1,135,000 | 1,280,512 | ||||||
Aon Corp. 3.50%, 9/30/2015 | 1,500,000 | 1,582,394 | ||||||
Bank of America Corp.: | ||||||||
1.50%, 10/9/2015 | 3,500,000 | 3,518,737 | ||||||
3.70%, 9/1/2015 | 5,000,000 | 5,272,620 | ||||||
4.50%, 4/1/2015 | 18,500,000 | 19,700,722 | ||||||
4.75%, 8/1/2015 | 3,500,000 | 3,777,638 | ||||||
5.25%, 12/1/2015 | 1,750,000 | 1,899,824 | ||||||
5.38%, 6/15/2014 | 600,000 | 635,562 | ||||||
7.38%, 5/15/2014 | 8,725,000 | 9,449,314 | ||||||
7.75%, 8/15/2015 | 1,144,000 | 1,301,653 | ||||||
Boeing Capital Corp. 3.25%, 10/27/2014 | 1,000,000 | 1,049,769 | ||||||
BP Capital Markets PLC: | ||||||||
3.13%, 10/1/2015 | 2,410,000 | 2,558,523 | ||||||
3.63%, 5/8/2014 | 5,650,000 | 5,879,694 | ||||||
3.88%, 3/10/2015 | 5,500,000 | 5,860,137 | ||||||
Capital One Financial Corp.: | ||||||||
2.13%, 7/15/2014 | 350,000 | 355,984 | ||||||
2.15%, 3/23/2015 | 7,100,000 | 7,247,378 | ||||||
7.38%, 5/23/2014 | 3,200,000 | 3,483,970 | ||||||
Caterpillar Financial Services Corp. 0.70%, 11/6/2015 | 1,250,000 | 1,248,152 | ||||||
Citigroup, Inc.: | ||||||||
2.25%, 8/7/2015 | 3,125,000 | 3,204,476 | ||||||
2.65%, 3/2/2015 | 2,500,000 | 2,571,804 | ||||||
4.59%, 12/15/2015 | 5,000,000 | 5,447,211 | ||||||
4.70%, 5/29/2015 | 500,000 | 538,329 | ||||||
4.75%, 5/19/2015 | 5,750,000 | 6,192,491 | ||||||
4.88%, 5/7/2015 | 1,355,000 | 1,447,105 | ||||||
5.00%, 9/15/2014 | 12,700,000 | 13,378,687 | ||||||
5.13%, 5/5/2014 | 784,000 | 825,959 | ||||||
5.50%, 10/15/2014 | 8,250,000 | 8,852,547 | ||||||
6.01%, 1/15/2015 | 5,250,000 | 5,740,127 | ||||||
6.38%, 8/12/2014 | 5,975,000 | 6,452,355 | ||||||
CME Group, Inc. 5.75%, 2/15/2014 | 3,000,000 | 3,168,938 | ||||||
Credit Suisse USA, Inc.: | ||||||||
4.88%, 1/15/2015 | 4,250,000 | 4,572,349 | ||||||
5.13%, 1/15/2014 | 2,250,000 | 2,345,613 | ||||||
5.13%, 8/15/2015 | 3,000,000 | 3,311,020 | ||||||
Ford Motor Credit Co. LLC: | ||||||||
2.75%, 5/15/2015 | 3,200,000 | 3,273,813 | ||||||
3.88%, 1/15/2015 | 7,500,000 | 7,817,420 | ||||||
5.63%, 9/15/2015 | 2,700,000 | 2,959,987 | ||||||
7.00%, 4/15/2015 | 5,500,000 | 6,131,386 | ||||||
8.00%, 6/1/2014 | 3,500,000 | 3,812,319 | ||||||
8.70%, 10/1/2014 | 3,800,000 | 4,259,901 | ||||||
Franklin Resources, Inc. 3.13%, 5/20/2015 | 500,000 | 526,778 | ||||||
General Electric Capital Corp.: | ||||||||
1.00%, 12/11/2015 | 2,000,000 | 2,008,556 | ||||||
1.63%, 7/2/2015 | 11,000,000 | 11,168,816 | ||||||
2.10%, 1/7/2014 | 3,875,000 | 3,939,678 | ||||||
2.15%, 1/9/2015 | 7,750,000 | 7,951,166 | ||||||
2.25%, 11/9/2015 | 3,000,000 | 3,100,777 | ||||||
2.38%, 6/30/2015 | 500,000 | 516,882 | ||||||
3.50%, 6/29/2015 | 850,000 | 902,167 | ||||||
3.75%, 11/14/2014 | 4,600,000 | 4,855,449 | ||||||
4.38%, 9/21/2015 | 1,102,000 | 1,201,541 | ||||||
4.75%, 9/15/2014 | 2,000,000 | 2,135,211 | ||||||
4.88%, 3/4/2015 | 1,500,000 | 1,624,642 | ||||||
5.50%, 6/4/2014 | 3,125,000 | 3,334,866 | ||||||
5.65%, 6/9/2014 | 1,125,000 | 1,205,381 | ||||||
5.90%, 5/13/2014 | 7,625,000 | 8,179,324 | ||||||
HSBC Finance Corp.: | ||||||||
5.00%, 6/30/2015 | 2,140,000 | 2,317,281 | ||||||
5.25%, 4/15/2015 | 1,440,000 | 1,560,936 | ||||||
John Deere Capital Corp. 0.70%, 9/4/2015 | 2,500,000 | 2,499,829 | ||||||
JPMorgan Chase & Co.: | ||||||||
1.10%, 10/15/2015 | 5,850,000 | 5,849,573 | ||||||
1.88%, 3/20/2015 | 7,500,000 | 7,626,630 | ||||||
2.05%, 1/24/2014 | 3,250,000 | 3,299,807 | ||||||
3.40%, 6/24/2015 | 5,500,000 | 5,801,415 | ||||||
3.70%, 1/20/2015 | 5,700,000 | 5,999,667 | ||||||
4.65%, 6/1/2014 | 9,100,000 | 9,585,516 | ||||||
4.88%, 3/15/2014 | 600,000 | 627,023 | ||||||
5.13%, 9/15/2014 | 5,188,000 | 5,516,773 | ||||||
5.15%, 10/1/2015 | 4,000,000 | 4,391,509 | ||||||
5.25%, 5/1/2015 | 1,250,000 | 1,355,483 | ||||||
Lazard Group LLC 7.13%, 5/15/2015 | 285,000 | 315,844 | ||||||
Mellon Funding Corp.: | ||||||||
5.00%, 12/1/2014 | 625,000 | 674,170 | ||||||
5.20%, 5/15/2014 | 549,000 | 583,827 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
5.00%, 2/3/2014 | 1,050,000 | 1,092,994 | ||||||
5.00%, 1/15/2015 | 3,000,000 | 3,200,507 | ||||||
5.45%, 7/15/2014 | 3,500,000 | 3,712,131 | ||||||
National Rural Utilities Cooperative Finance Corp.: | ||||||||
1.00%, 2/2/2015 | 1,115,000 | 1,120,699 | ||||||
1.90%, 11/1/2015 | 500,000 | 513,918 | ||||||
3.88%, 9/16/2015 | 500,000 | 538,274 | ||||||
4.75%, 3/1/2014 | 1,243,000 | 1,303,581 | ||||||
Nomura Holdings, Inc. 5.00%, 3/4/2015 | 3,700,000 | 3,914,478 | ||||||
ORIX Corp. 4.71%, 4/27/2015 | 2,000,000 | 2,133,979 | ||||||
PACCAR Financial Corp. 0.70%, 11/16/2015 | 450,000 | 449,201 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
2.55%, 9/18/2015 | 7,639,000 | 7,809,883 | ||||||
4.88%, 3/16/2015 | 4,500,000 | 4,833,423 |
See accompanying notes to financial statements.
98
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
SLM Corp.: | ||||||||
3.88%, 9/10/2015 | $ | 3,000,000 | $ | 3,075,000 | ||||
5.05%, 11/14/2014 | 1,100,000 | 1,152,250 | ||||||
5.38%, 5/15/2014 | 1,600,000 | 1,676,000 | ||||||
The Nasdaq OMX Group, Inc. 4.00%, 1/15/2015 | 1,000,000 | 1,043,791 | ||||||
The Western Union Co. 6.50%, 2/26/2014 | 850,000 | 903,409 | ||||||
Toyota Motor Credit Corp.: | ||||||||
0.88%, 7/17/2015 | 4,500,000 | 4,517,264 | ||||||
1.00%, 2/17/2015 | 5,000,000 | 5,034,525 | ||||||
1.25%, 11/17/2014 | 1,245,000 | 1,260,728 | ||||||
3.20%, 6/17/2015 | 3,500,000 | 3,711,135 | ||||||
UBS AG of Stamford, CT: | ||||||||
2.25%, 1/28/2014 | 4,200,000 | 4,251,343 | ||||||
3.88%, 1/15/2015 | 3,500,000 | 3,695,094 | ||||||
364,924,654 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.1% | ||||||||
AT&T, Inc. 0.80%, 12/1/2015 | 3,850,000 | 3,854,150 | ||||||
British Telecommunications PLC 2.00%, 6/22/2015 | 3,500,000 | 3,586,860 | ||||||
Qwest Corp. 7.50%, 10/1/2014 | 3,100,000 | 3,402,789 | ||||||
Rogers Communications, Inc. 5.50%, 3/15/2014 | 1,000,000 | 1,054,986 | ||||||
Verizon Communications, Inc.: | ||||||||
0.70%, 11/2/2015 | 2,000,000 | 2,000,416 | ||||||
1.95%, 3/28/2014 | 4,150,000 | 4,224,247 | ||||||
18,123,448 | ||||||||
ELECTRIC UTILITIES — 3.7% | ||||||||
Alabama Power Co. 0.55%, 10/15/2015 | 891,000 | 890,937 | ||||||
Arizona Public Service Co. 5.80%, 6/30/2014 | 1,040,000 | 1,111,540 | ||||||
Carolina Power & Light Co. 5.25%, 12/15/2015 | 154,000 | 174,691 | ||||||
Commonwealth Edison Co.: | ||||||||
1.63%, 1/15/2014 | 3,750,000 | 3,791,600 | ||||||
4.70%, 4/15/2015 | 375,000 | 407,630 | ||||||
Consolidated Edison Co. of New York, Inc.: | ||||||||
5.38%, 12/15/2015 | 650,000 | 737,657 | ||||||
5.55%, 4/1/2014 | 1,000,000 | 1,061,508 | ||||||
Dominion Resources, Inc.: | ||||||||
2.25%, 9/1/2015 | 150,000 | 155,918 | ||||||
5.15%, 7/15/2015 | 800,000 | 886,164 | ||||||
Duke Energy Carolinas LLC: | ||||||||
5.30%, 10/1/2015 | 1,000,000 | 1,129,382 | ||||||
5.75%, 11/15/2013 | 200,000 | 208,946 | ||||||
Duke Energy Corp.: | ||||||||
3.35%, 4/1/2015 | 1,500,000 | 1,586,061 | ||||||
3.95%, 9/15/2014 | 2,000,000 | 2,109,202 | ||||||
6.30%, 2/1/2014 | 3,884,000 | 4,113,818 | ||||||
Enersis SA/Cayman Island 7.38%, 1/15/2014 | 625,000 | 658,194 | ||||||
Entergy Corp. 3.63%, 9/15/2015 | 1,500,000 | 1,575,907 | ||||||
Entergy Louisiana LLC 1.88%, 12/15/2014 | 1,225,000 | 1,252,844 | ||||||
Exelon Corp. 4.90%, 6/15/2015 | 2,400,000 | 2,607,975 | ||||||
Exelon Generation Co. LLC 5.35%, 1/15/2014 | 500,000 | 523,207 | ||||||
FirstEnergy Solutions Corp. 4.80%, 2/15/2015 | 2,400,000 | 2,582,973 | ||||||
Florida Power Corp. 0.65%, 11/15/2015 | 35,000 | 34,948 | ||||||
Georgia Power Co.: | ||||||||
0.63%, 11/15/2015 | 1,250,000 | 1,250,797 | ||||||
0.75%, 8/10/2015 | 2,400,000 | 2,406,037 | ||||||
Kentucky Utilities Co. 1.63%, 11/1/2015 | 1,000,000 | 1,025,830 | ||||||
Nevada Power Co. 5.88%, 1/15/2015 | 1,000,000 | 1,097,019 | ||||||
NextEra Energy Capital Holdings, Inc. 1.20%, 6/1/2015 | 4,817,000 | 4,851,167 | ||||||
Nisource Finance Corp. 5.40%, 7/15/2014 | 1,225,000 | 1,308,027 | ||||||
NSTAR Electric Co. 4.88%, 4/15/2014 | 1,020,000 | 1,071,116 | ||||||
Oncor Electric Delivery Co. LLC 6.38%, 1/15/2015 | 1,450,000 | 1,591,330 | ||||||
Pacific Gas & Electric Co. 4.80%, 3/1/2014 | 2,300,000 | 2,409,286 | ||||||
Peco Energy Co. 5.00%, 10/1/2014 | 550,000 | 591,734 | ||||||
PG&E Corp. 5.75%, 4/1/2014 | 2,400,000 | 2,545,797 | ||||||
PPL Energy Supply LLC 5.40%, 8/15/2014 | 350,000 | 371,483 | ||||||
Progress Energy, Inc. 6.05%, 3/15/2014 | 1,000,000 | 1,062,815 | ||||||
Public Service Co. of Colorado 5.50%, 4/1/2014 | 1,000,000 | 1,061,535 | ||||||
Public Service Electric & Gas Co.: | ||||||||
0.85%, 8/15/2014 | 1,554,000 | 1,562,710 | ||||||
5.00%, 8/15/2014 | 1,000,000 | 1,069,189 | ||||||
Scottish Power, Ltd. 5.38%, 3/15/2015 | 2,709,000 | 2,886,894 | ||||||
Southern California Edison Co.: | ||||||||
4.15%, 9/15/2014 | 300,000 | 318,029 | ||||||
5.75%, 3/15/2014 | 2,201,000 | 2,334,105 | ||||||
Southern California Edison Co., Series 0 5.00%, 1/15/2014 | 1,000,000 | 1,046,541 | ||||||
The Southern Co. 2.38%, 9/15/2015 | 2,500,000 | 2,604,990 | ||||||
Westar Energy, Inc. 6.00%, 7/1/2014 | 1,200,000 | 1,285,884 | ||||||
Wisconsin Electric Power Co. 6.00%, 4/1/2014 | 500,000 | 532,574 | ||||||
63,885,991 | ||||||||
ELECTRICAL EQUIPMENT — 0.1% | ||||||||
Agilent Technologies, Inc. 5.50%, 9/14/2015 | 2,000,000 | 2,225,022 | ||||||
See accompanying notes to financial statements.
99
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.1% | ||||||||
Amphenol Corp. 4.75%, 11/15/2014 | $ | 1,050,000 | $ | 1,119,750 | ||||
Avnet, Inc. 5.88%, 3/15/2014 | 350,000 | 366,052 | ||||||
Emerson Electric Co. 4.13%, 4/15/2015 | 300,000 | 322,914 | ||||||
1,808,716 | ||||||||
FOOD & STAPLES RETAILING — 1.5% | ||||||||
CVS Caremark Corp.: | ||||||||
3.25%, 5/18/2015 | 250,000 | 264,093 | ||||||
4.88%, 9/15/2014 | 3,125,000 | 3,348,409 | ||||||
Safeway, Inc.: | ||||||||
5.63%, 8/15/2014 | 1,500,000 | 1,591,474 | ||||||
6.25%, 3/15/2014 | 1,250,000 | 1,321,374 | ||||||
Target Corp. 1.13%, 7/18/2014 | 1,685,000 | 1,701,143 | ||||||
The Kroger Co. 7.50%, 1/15/2014 | 2,038,000 | 2,178,920 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
1.63%, 4/15/2014 | 2,710,000 | 2,755,005 | ||||||
2.25%, 7/8/2015 | 540,000 | 562,487 | ||||||
2.88%, 4/1/2015 | 2,250,000 | 2,366,676 | ||||||
3.00%, 2/3/2014 | 938,000 | 965,275 | ||||||
3.20%, 5/15/2014 | 5,938,000 | 6,169,236 | ||||||
Walgreen Co. 1.00%, 3/13/2015 | 3,209,000 | 3,219,281 | ||||||
26,443,373 | ||||||||
FOOD PRODUCTS — 1.4% | ||||||||
Bunge Ltd. Finance Corp. 5.35%, 4/15/2014 | 2,700,000 | 2,836,673 | ||||||
Campbell Soup Co. 3.38%, 8/15/2014 | 930,000 | 972,329 | ||||||
ConAgra Foods, Inc.: | ||||||||
1.35%, 9/10/2015 | 750,000 | 750,935 | ||||||
5.88%, 4/15/2014 | 850,000 | 903,457 | ||||||
General Mills, Inc.: | ||||||||
1.55%, 5/16/2014 | 250,000 | 253,238 | ||||||
5.20%, 3/17/2015 | 2,000,000 | 2,194,663 | ||||||
Kellogg Co. 1.13%, 5/15/2015 | 1,750,000 | 1,765,706 | ||||||
Kraft Foods Group, Inc. 1.63%, 6/4/2015 (b) | 3,750,000 | 3,813,925 | ||||||
Mead Johnson Nutrition Co. 3.50%, 11/1/2014 | 781,000 | 818,088 | ||||||
Mondelez International, Inc. 6.75%, 2/19/2014 | 1,970,000 | 2,104,225 | ||||||
Sara Lee Corp. 2.75%, 9/15/2015 | 1,500,000 | 1,545,375 | ||||||
The Kroger Co. 3.90%, 10/1/2015 | 2,000,000 | 2,153,941 | ||||||
Unilever Capital Corp.: | ||||||||
0.45%, 7/30/2015 | 1,700,000 | 1,691,202 | ||||||
3.65%, 2/15/2014 | 2,125,000 | 2,200,475 | ||||||
24,004,232 | ||||||||
GAS UTILITIES — 0.1% | ||||||||
Atmos Energy Corp. 4.95%, 10/15/2014 | 1,500,000 | 1,604,973 | ||||||
Southern California Gas Co. 5.50%, 3/15/2014 | 750,000 | 794,516 | ||||||
2,399,489 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.4% | ||||||||
Baxter International, Inc. 4.00%, 3/1/2014 | 2,875,000 | 2,986,650 | ||||||
Boston Scientific Corp.: | ||||||||
4.50%, 1/15/2015 | 3,340,000 | 3,550,690 | ||||||
5.45%, 6/15/2014 | 996,000 | 1,057,599 | ||||||
6.25%, 11/15/2015 | 1,000,000 | 1,128,422 | ||||||
CareFusion Corp. 5.13%, 8/1/2014 | 500,000 | 529,849 | ||||||
Covidien International Finance SA 1.35%, 5/29/2015 | 2,000,000 | 2,021,293 | ||||||
Hospira, Inc. 5.90%, 6/15/2014 | 2,600,000 | 2,771,774 | ||||||
Medtronic, Inc.: | ||||||||
3.00%, 3/15/2015 | 4,860,000 | 5,101,722 | ||||||
4.50%, 3/15/2014 | 1,050,000 | 1,099,074 | ||||||
St Jude Medical, Inc. 3.75%, 7/15/2014 | 2,327,000 | 2,433,514 | ||||||
Stryker Corp. 3.00%, 1/15/2015 | 1,510,000 | 1,580,103 | ||||||
Zimmer Holdings, Inc. 1.40%, 11/30/2014 | 450,000 | 454,666 | ||||||
24,715,356 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.0% | ||||||||
AmerisourceBergen Corp. 5.88%, 9/15/2015 | 1,416,000 | 1,597,648 | ||||||
Cardinal Health, Inc. 4.00%, 6/15/2015 | 1,175,000 | 1,264,080 | ||||||
Coventry Health Care, Inc. 6.30%, 8/15/2014 | 850,000 | 920,823 | ||||||
Express Scripts Holdings, Inc. 6.25%, 6/15/2014 | 2,600,000 | 2,798,610 | ||||||
Howard Hughes Medical Institute 3.45%, 9/1/2014 | 1,490,000 | 1,564,066 | ||||||
Quest Diagnostics, Inc. 5.45%, 11/1/2015 | 900,000 | 996,843 | ||||||
UnitedHealth Group, Inc.: | ||||||||
0.85%, 10/15/2015 | 715,000 | 717,313 | ||||||
4.88%, 3/15/2015 | 775,000 | 845,103 | ||||||
5.00%, 8/15/2014 | 2,350,000 | 2,514,574 | ||||||
WellPoint, Inc.: | ||||||||
1.25%, 9/10/2015 | 1,500,000 | 1,509,828 | ||||||
5.00%, 12/15/2014 | 1,900,000 | 2,054,425 | ||||||
6.00%, 2/15/2014 | 825,000 | 873,279 | ||||||
17,656,592 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.0% (a) | ||||||||
Marriott International, Inc. 5.81%, 11/10/2015 | 500,000 | 563,024 | ||||||
HOUSEHOLD DURABLES — 0.0% (a) | ||||||||
Whirlpool Corp. 8.60%, 5/1/2014 | 607,000 | 665,344 | ||||||
See accompanying notes to financial statements.
100
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
HOUSEHOLD PRODUCTS — 0.8% | ||||||||
Colgate-Palmolive Co.: | ||||||||
0.60%, 11/15/2014 | $ | 500,000 | $ | 501,372 | ||||
1.25%, 5/1/2014 | 1,350,000 | 1,366,100 | ||||||
Fortune Brands, Inc. 6.38%, 6/15/2014 | 662,000 | 715,777 | ||||||
The Clorox Co.: | ||||||||
3.55%, 11/1/2015 | 500,000 | 532,593 | ||||||
5.00%, 1/15/2015 | 1,250,000 | 1,347,950 | ||||||
The Procter & Gamble Co.: | ||||||||
0.70%, 8/15/2014 | 3,500,000 | 3,516,813 | ||||||
1.80%, 11/15/2015 | 2,750,000 | 2,846,017 | ||||||
3.50%, 2/15/2015 | 2,000,000 | 2,122,006 | ||||||
4.95%, 8/15/2014 | 1,350,000 | 1,449,158 | ||||||
14,397,786 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
Constellation Energy Group, Inc. 4.55%, 6/15/2015 | 850,000 | 913,281 | ||||||
TransAlta Corp. 4.75%, 1/15/2015 | 2,016,000 | 2,135,248 | ||||||
3,048,529 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.5% | ||||||||
Eaton Corp. 0.95%, 11/2/2015 (b) | 1,500,000 | 1,499,892 | ||||||
General Electric Co. 0.85%, 10/9/2015 | 5,500,000 | 5,507,131 | ||||||
Pentair Finance SA 1.35%, 12/1/2015 (b) | 1,000,000 | 1,002,779 | ||||||
Tyco Electronics Group SA 5.95%, 1/15/2014 | 850,000 | 895,628 | ||||||
8,905,430 | ||||||||
INSURANCE — 3.7% | ||||||||
ACE INA Holdings, Inc.: | ||||||||
2.60%, 11/23/2015 | 2,605,000 | 2,721,889 | ||||||
5.60%, 5/15/2015 | 1,600,000 | 1,773,191 | ||||||
5.88%, 6/15/2014 | 715,000 | 767,375 | ||||||
Aflac, Inc. 3.45%, 8/15/2015 | 1,000,000 | 1,063,177 | ||||||
American International Group, Inc.: | ||||||||
2.38%, 8/24/2015 | 1,000,000 | 1,015,502 | ||||||
3.00%, 3/20/2015 | 1,050,000 | 1,090,731 | ||||||
3.65%, 1/15/2014 | 1,000,000 | 1,026,764 | ||||||
4.25%, 9/15/2014 | 4,400,000 | 4,633,291 | ||||||
5.05%, 10/1/2015 | 2,000,000 | 2,198,923 | ||||||
Assurant, Inc. 5.63%, 2/15/2014 | 150,000 | 156,424 | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
1.50%, 1/10/2014 | 1,750,000 | 1,768,723 | ||||||
4.85%, 1/15/2015 | 2,944,000 | 3,193,870 | ||||||
5.10%, 7/15/2014 | 1,125,000 | 1,203,283 | ||||||
Berkshire Hathaway, Inc. 3.20%, 2/11/2015 | 6,250,000 | 6,576,495 | ||||||
CNA Financial Corp. 5.85%, 12/15/2014 | 1,250,000 | 1,355,592 | ||||||
Everest Reinsurance Holdings, Inc. 5.40%, 10/15/2014 | 100,000 | 106,119 | ||||||
Genworth Financial, Inc.: | ||||||||
4.95%, 10/1/2015 | 347,000 | 364,350 | ||||||
5.75%, 6/15/2014 | 1,600,000 | 1,676,000 | ||||||
Hartford Financial Services Group, Inc. 4.00%, 3/30/2015 | 670,000 | 704,542 | ||||||
Jefferson-Pilot Corp. 4.75%, 1/30/2014 | 1,250,000 | 1,298,829 | ||||||
Lincoln National Corp. 4.30%, 6/15/2015 | 25,000 | 26,711 | ||||||
Marsh & McLennan Cos, Inc.: | ||||||||
5.38%, 7/15/2014 | 600,000 | 639,960 | ||||||
5.75%, 9/15/2015 | 1,500,000 | 1,678,881 | ||||||
MetLife, Inc.: | ||||||||
2.38%, 2/6/2014 | 3,688,000 | 3,759,368 | ||||||
5.00%, 6/15/2015 | 2,150,000 | 2,366,222 | ||||||
5.50%, 6/15/2014 | 750,000 | 802,011 | ||||||
Principal Life Income Funding Trusts: | ||||||||
5.10%, 4/15/2014 | 1,500,000 | 1,585,469 | ||||||
5.55%, 4/27/2015 | 500,000 | 553,275 | ||||||
Prudential Financial, Inc.: | ||||||||
3.88%, 1/14/2015 | 2,980,000 | 3,152,087 | ||||||
4.75%, 4/1/2014 | 1,670,000 | 1,747,522 | ||||||
4.75%, 9/17/2015 | 3,340,000 | 3,659,755 | ||||||
5.10%, 9/20/2014 | 1,758,000 | 1,880,463 | ||||||
The Allstate Corp.: | ||||||||
5.00%, 8/15/2014 | 2,490,000 | 2,658,091 | ||||||
6.20%, 5/16/2014 | 700,000 | 752,056 | ||||||
The Travelers Cos, Inc. 5.50%, 12/1/2015 | 100,000 | 113,049 | ||||||
Willis North America, Inc. 5.63%, 7/15/2015 | 1,750,000 | 1,912,979 | ||||||
XL Group PLC 5.25%, 9/15/2014 | 1,350,000 | 1,433,663 | ||||||
63,416,632 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.4% | ||||||||
Amazon.com, Inc. 0.65%, 11/27/2015 | 2,200,000 | 2,193,527 | ||||||
eBay, Inc.: | ||||||||
0.70%, 7/15/2015 | 1,288,000 | 1,289,536 | ||||||
1.63%, 10/15/2015 | 500,000 | 513,415 | ||||||
Google, Inc. 1.25%, 5/19/2014 | 2,125,000 | 2,151,291 | ||||||
6,147,769 | ||||||||
IT SERVICES — 0.2% | ||||||||
International Business Machines Corp. 0.55%, 2/6/2015 | 3,350,000 | 3,344,942 | ||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Hasbro, Inc. 6.13%, 5/15/2014 | 850,000 | 910,392 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.2% | ||||||||
Thermo Fisher Scientific, Inc.: | ||||||||
2.05%, 2/21/2014 | 620,000 | 629,813 | ||||||
3.20%, 5/1/2015 | 2,000,000 | 2,103,464 | ||||||
3.25%, 11/20/2014 | 500,000 | 522,378 | ||||||
3,255,655 | ||||||||
See accompanying notes to financial statements.
101
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MACHINERY — 1.4% | ||||||||
Caterpillar, Inc.: | ||||||||
0.95%, 6/26/2015 | $ | 3,000,000 | $ | 3,018,264 | ||||
1.38%, 5/27/2014 | 3,460,000 | 3,502,221 | ||||||
Danaher Corp. 1.30%, 6/23/2014 | 855,000 | 864,392 | ||||||
Deere & Co. 6.95%, 4/25/2014 | 160,000 | 173,408 | ||||||
Eaton Corp. 5.95%, 3/20/2014 | 350,000 | 371,814 | ||||||
Harsco Corp. 2.70%, 10/15/2015 | 1,750,000 | 1,766,287 | ||||||
Illinois Tool Works, Inc. 5.15%, 4/1/2014 | 3,500,000 | 3,693,345 | ||||||
Ingersoll-Rand Global Holding Co., Ltd. 9.50%, 4/15/2014 | 2,520,000 | 2,788,270 | ||||||
John Deere Capital Corp.: | ||||||||
0.88%, 4/17/2015 | 2,500,000 | 2,514,923 | ||||||
0.95%, 6/29/2015 | 1,000,000 | 1,007,348 | ||||||
1.25%, 12/2/2014 | 1,975,000 | 2,003,161 | ||||||
1.60%, 3/3/2014 | 500,000 | 506,581 | ||||||
2.95%, 3/9/2015 | 2,500,000 | 2,623,494 | ||||||
24,833,508 | ||||||||
MEDIA — 3.2% | ||||||||
Comcast Corp.: | ||||||||
5.30%, 1/15/2014 | 4,000,000 | 4,192,148 | ||||||
5.85%, 11/15/2015 | 500,000 | 569,976 | ||||||
6.50%, 1/15/2015 | 3,800,000 | 4,231,197 | ||||||
Cox Communications, Inc.: | ||||||||
5.45%, 12/15/2014 | 1,280,000 | 1,399,124 | ||||||
5.50%, 10/1/2015 | 500,000 | 562,873 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
3.55%, 3/15/2015 | 2,250,000 | 2,367,114 | ||||||
4.75%, 10/1/2014 | 4,403,000 | 4,688,456 | ||||||
Discovery Communications LLC 3.70%, 6/1/2015 | 2,000,000 | 2,130,957 | ||||||
NBCUniversal Media LLC: | ||||||||
2.10%, 4/1/2014 | 2,625,000 | 2,670,561 | ||||||
3.65%, 4/30/2015 | 2,000,000 | 2,127,860 | ||||||
News America, Inc. 5.30%, 12/15/2014 | 2,312,000 | 2,515,705 | ||||||
Reed Elsevier Capital, Inc. 7.75%, 1/15/2014 | 1,450,000 | 1,550,854 | ||||||
TCI Communications, Inc. 8.75%, 8/1/2015 | 715,000 | 849,827 | ||||||
The Interpublic Group of Cos., Inc. 6.25%, 11/15/2014 | 500,000 | 543,750 | ||||||
The Walt Disney Co. 0.88%, 12/1/2014 | 4,800,000 | 4,834,052 | ||||||
Thomson Reuters Corp. 5.70%, 10/1/2014 | 1,630,000 | 1,766,932 | ||||||
Time Warner Cable, Inc.: | ||||||||
3.50%, 2/1/2015 | 1,000,000 | 1,054,548 | ||||||
7.50%, 4/1/2014 | 2,838,000 | 3,073,879 | ||||||
8.25%, 2/14/2014 | 2,150,000 | 2,328,054 | ||||||
Time Warner, Inc. 3.15%, 7/15/2015 | 3,500,000 | 3,701,528 | ||||||
Viacom, Inc.: | ||||||||
1.25%, 2/27/2015 | 1,500,000 | 1,511,097 | ||||||
4.38%, 9/15/2014 | 2,150,000 | 2,281,716 | ||||||
WPP Finance UK: | ||||||||
5.88%, 6/15/2014 | 750,000 | 797,594 | ||||||
8.00%, 9/15/2014 | 3,100,000 | 3,432,234 | ||||||
55,182,036 | ||||||||
METALS & MINING — 1.9% | ||||||||
Barrick Gold Corp. 1.75%, 5/30/2014 | 2,650,000 | 2,683,345 | ||||||
Barrick Gold Finance Co. 4.88%, 11/15/2014 | 700,000 | 751,229 | ||||||
BHP Billiton Finance USA, Ltd.: | ||||||||
1.00%, 2/24/2015 | 3,500,000 | 3,522,142 | ||||||
1.13%, 11/21/2014 | 2,875,000 | 2,905,878 | ||||||
5.50%, 4/1/2014 | 8,750,000 | 9,294,123 | ||||||
Freeport-McMoRan Copper & Gold, Inc. 1.40%, 2/13/2015 | 800,000 | 797,465 | ||||||
Rio Tinto Finance USA PLC 1.13%, 3/20/2015 | 2,500,000 | 2,511,086 | ||||||
Rio Tinto Finance USA, Ltd. 8.95%, 5/1/2014 | 7,950,000 | 8,807,154 | ||||||
Xstrata Canada Corp.: | ||||||||
5.38%, 6/1/2015 | 1,150,000 | 1,253,853 | ||||||
6.00%, 10/15/2015 | 650,000 | 728,586 | ||||||
33,254,861 | ||||||||
MULTI-UTILITIES — 0.5% | ||||||||
Alliant Energy Corp. 4.00%, 10/15/2014 | 1,075,000 | 1,129,028 | ||||||
Ameren Corp. 8.88%, 5/15/2014 | 1,300,000 | 1,424,952 | ||||||
Dominion Resources, Inc. 1.80%, 3/15/2014 | 1,834,000 | 1,858,112 | ||||||
DTE Energy Co. 7.63%, 5/15/2014 | 810,000 | 885,254 | ||||||
MidAmerican Energy Co. 4.65%, 10/1/2014 | 866,000 | 926,445 | ||||||
Midamerican Energy Holdings Co. 5.00%, 2/15/2014 | 850,000 | 890,262 | ||||||
Sempra Energy 2.00%, 3/15/2014 | 2,150,000 | 2,182,117 | ||||||
9,296,170 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Macy’s Retail Holdings, Inc.: | ||||||||
5.75%, 7/15/2014 | 619,000 | 662,774 | ||||||
7.88%, 7/15/2015 | 1,500,000 | 1,749,519 | ||||||
Nordstrom, Inc. 6.75%, 6/1/2014 | 1,542,000 | 1,672,520 | ||||||
4,084,813 | ||||||||
OFFICE ELECTRONICS — 0.4% | ||||||||
Xerox Corp.: | ||||||||
4.25%, 2/15/2015 | 4,600,000 | 4,833,303 | ||||||
8.25%, 5/15/2014 | 2,375,000 | 2,590,065 | ||||||
7,423,368 | ||||||||
See accompanying notes to financial statements.
102
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
OIL, GAS & CONSUMABLE FUELS — 5.4% | ||||||||
Anadarko Petroleum Corp.: | ||||||||
5.75%, 6/15/2014 | $ | 775,000 | $ | 826,277 | ||||
7.63%, 3/15/2014 | 1,374,000 | 1,480,997 | ||||||
Apache Finance Canada Corp. 4.38%, 5/15/2015 | 941,000 | 1,019,828 | ||||||
BP Capital Markets PLC: | ||||||||
0.70%, 11/6/2015 | 1,150,000 | 1,147,331 | ||||||
1.70%, 12/5/2014 | 3,350,000 | 3,420,351 | ||||||
Cameron International Corp. 1.60%, 4/30/2015 | 480,000 | 483,909 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
1.45%, 11/14/2014 | 2,150,000 | 2,177,778 | ||||||
4.90%, 12/1/2014 | 950,000 | 1,023,883 | ||||||
Cenovus Energy, Inc. 4.50%, 9/15/2014 | 2,500,000 | 2,654,042 | ||||||
Colorado Interstate Gas Co. LLC 6.80%, 11/15/2015 | 1,000,000 | 1,165,272 | ||||||
ConocoPhillips: | ||||||||
4.60%, 1/15/2015 | 4,850,000 | 5,242,276 | ||||||
4.75%, 2/1/2014 | 530,000 | 553,402 | ||||||
Consolidated Natural Gas Co. 5.00%, 12/1/2014 | 1,335,000 | 1,445,361 | ||||||
DCP Midstream Operating LP 3.25%, 10/1/2015 | 565,000 | 586,064 | ||||||
Devon Energy Corp. 5.63%, 1/15/2014 | 1,500,000 | 1,576,290 | ||||||
Diamond Offshore Drilling, Inc. 5.15%, 9/1/2014 | 125,000 | 134,411 | ||||||
Enbridge, Inc. 5.80%, 6/15/2014 | 2,985,000 | 3,199,066 | ||||||
EnCana Holdings Finance Corp. 5.80%, 5/1/2014 | 2,550,000 | 2,713,345 | ||||||
Energy Transfer Partners LP 8.50%, 4/15/2014 | 2,031,000 | 2,214,412 | ||||||
Enterprise Products Operating LLC: | ||||||||
1.25%, 8/13/2015 | 2,219,000 | 2,234,863 | ||||||
9.75%, 1/31/2014 | 1,400,000 | 1,532,068 | ||||||
Enterprise Products Operating LLC, Series G 5.60%, 10/15/2014 | 2,700,000 | 2,932,094 | ||||||
EOG Resources, Inc. 2.95%, 6/1/2015 | 1,000,000 | 1,052,524 | ||||||
Hess Corp. 7.00%, 2/15/2014 | 1,300,000 | 1,389,811 | ||||||
Husky Energy, Inc. 5.90%, 6/15/2014 | 2,225,000 | 2,382,053 | ||||||
Kinder Morgan Energy Partners LP 5.63%, 2/15/2015 | 1,067,000 | 1,167,928 | ||||||
Magellan Midstream Partners LP 6.45%, 6/1/2014 | 250,000 | 269,661 | ||||||
Marathon Oil Corp. 0.90%, 11/1/2015 | 2,500,000 | 2,501,911 | ||||||
Noble Holding International, Ltd.: | ||||||||
3.45%, 8/1/2015 | 593,000 | 625,242 | ||||||
7.38%, 3/15/2014 | 625,000 | 671,805 | ||||||
ONEOK, Inc. 5.20%, 6/15/2015 | 1,000,000 | 1,090,071 | ||||||
PC Financial Partnership 5.00%, 11/15/2014 | 876,000 | 942,478 | ||||||
Petrohawk Energy Corp. 10.50%, 8/1/2014 | 500,000 | 532,500 | ||||||
Phillips 66 1.95%, 3/5/2015 (b) | 1,500,000 | 1,531,511 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. 3.95%, 9/15/2015 | 1,000,000 | 1,079,025 | ||||||
Shell International Finance BV: | ||||||||
0.63%, 12/4/2015 | 2,000,000 | 2,000,720 | ||||||
3.10%, 6/28/2015 | 3,800,000 | 4,029,487 | ||||||
3.25%, 9/22/2015 | 3,000,000 | 3,205,895 | ||||||
4.00%, 3/21/2014 | 6,495,000 | 6,767,328 | ||||||
Spectra Energy Capital LLC 5.67%, 8/15/2014 | 1,700,000 | 1,818,715 | ||||||
Talisman Energy, Inc. 5.13%, 5/15/2015 | 1,000,000 | 1,082,871 | ||||||
Total Capital Canada, Ltd. 1.63%, 1/28/2014 | 1,630,000 | 1,650,469 | ||||||
Total Capital SA: | ||||||||
3.00%, 6/24/2015 | 3,150,000 | 3,327,650 | ||||||
3.13%, 10/2/2015 | 3,000,000 | 3,193,528 | ||||||
TransCanada PipeLines, Ltd.: | ||||||||
0.88%, 3/2/2015 | 1,850,000 | 1,855,659 | ||||||
3.40%, 6/1/2015 | 771,000 | 818,259 | ||||||
4.88%, 1/15/2015 | 1,000,000 | 1,083,677 | ||||||
Transocean, Inc. 4.95%, 11/15/2015 | 3,000,000 | 3,271,904 | ||||||
Valero Energy Corp. 4.50%, 2/1/2015 | 1,600,000 | 1,711,640 | ||||||
Williams Partners LP 3.80%, 2/15/2015 | 2,750,000 | 2,909,324 | ||||||
93,726,966 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Celulosa Arauco y Constitucion SA 5.63%, 4/20/2015 | 500,000 | 542,995 | ||||||
International Paper Co.: | ||||||||
5.30%, 4/1/2015 | 1,000,000 | 1,080,209 | ||||||
7.40%, 6/15/2014 | 750,000 | 814,006 | ||||||
2,437,210 | ||||||||
PERSONAL PRODUCTS — 0.3% | ||||||||
Avon Products, Inc. 5.63%, 3/1/2014 | 1,600,000 | 1,669,300 | ||||||
The Procter & Gamble Co.: | ||||||||
3.15%, 9/1/2015 | 2,000,000 | 2,134,568 | ||||||
4.85%, 12/15/2015 | 1,000,000 | 1,122,668 | ||||||
4,926,536 | ||||||||
PHARMACEUTICALS — 4.4% | ||||||||
AbbVie, Inc. 1.20%, 11/6/2015 (b) | 12,000,000 | 12,083,184 | ||||||
Aristotle Holding, Inc. 2.75%, 11/21/2014 (b) | 3,500,000 | 3,614,133 | ||||||
AstraZeneca PLC 5.40%, 6/1/2014 | 2,050,000 | 2,187,003 | ||||||
Eli Lilly & Co. 4.20%, 3/6/2014 | 1,932,000 | 2,014,794 |
See accompanying notes to financial statements.
103
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Express Scripts Holding Co. 2.10%, 2/12/2015 (b) | $ | 2,500,000 | $ | 2,551,949 | ||||
GlaxoSmithKline Capital PLC 0.75%, 5/8/2015 | 2,500,000 | 2,508,012 | ||||||
GlaxoSmithKline Capital, Inc. 4.38%, 4/15/2014 | 4,375,000 | 4,592,355 | ||||||
Johnson & Johnson 1.20%, 5/15/2014 | 1,775,000 | 1,796,061 | ||||||
McKesson Corp.: | ||||||||
0.95%, 12/4/2015 | 1,000,000 | 1,001,942 | ||||||
6.50%, 2/15/2014 | 875,000 | 931,084 | ||||||
Merck & Co., Inc.: | ||||||||
4.00%, 6/30/2015 | 1,000,000 | 1,084,602 | ||||||
4.75%, 3/1/2015 | 4,000,000 | 4,358,361 | ||||||
Novartis Capital Corp.: | ||||||||
2.90%, 4/24/2015 | 4,100,000 | 4,311,249 | ||||||
4.13%, 2/10/2014 | 5,050,000 | 5,254,783 | ||||||
Pfizer, Inc.: | ||||||||
4.50%, 2/15/2014 | 2,250,000 | 2,353,114 | ||||||
5.35%, 3/15/2015 | 7,850,000 | 8,656,088 | ||||||
Sanofi: | ||||||||
1.20%, 9/30/2014 | 2,525,000 | 2,553,381 | ||||||
1.63%, 3/28/2014 | 2,350,000 | 2,381,136 | ||||||
Teva Pharmaceutical Finance II BV/Teva Pharmaceutical Finance III LLC 3.00%, 6/15/2015 | 2,750,000 | 2,891,134 | ||||||
Teva Pharmaceutical Finance III 1.70%, 3/21/2014 | 750,000 | 759,085 | ||||||
Teva Pharmaceutical Finance IV LLC 1.70%, 11/10/2014 | 2,825,000 | 2,876,923 | ||||||
Watson Pharmaceuticals, Inc. 5.00%, 8/15/2014 | 1,000,000 | 1,068,347 | ||||||
Wyeth 5.50%, 2/1/2014 | 4,415,000 | 4,655,533 | ||||||
76,484,253 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.2% | ||||||||
Boston Properties LP 5.63%, 4/15/2015 | 1,250,000 | 1,372,919 | ||||||
Digital Realty Trust LP 4.50%, 7/15/2015 | 1,000,000 | 1,069,216 | ||||||
Duke Realty LP: | ||||||||
5.40%, 8/15/2014 | 200,000 | 211,944 | ||||||
7.38%, 2/15/2015 | 1,000,000 | 1,115,486 | ||||||
ERP Operating LP: | ||||||||
5.25%, 9/15/2014 | 500,000 | 534,934 | ||||||
6.58%, 4/13/2015 | 2,000,000 | 2,239,233 | ||||||
HCP, Inc. 2.70%, 2/1/2014 | 1,060,000 | 1,078,179 | ||||||
Health Care REIT, Inc. 5.88%, 5/15/2015 | 2,000,000 | 2,203,005 | ||||||
Hospitality Properties Trust 7.88%, 8/15/2014 | 1,350,000 | 1,426,611 | ||||||
Kilroy Realty LP 5.00%, 11/3/2015 | 1,000,000 | 1,080,854 | ||||||
Liberty Property LP 5.13%, 3/2/2015 | 400,000 | 427,714 | ||||||
ProLogis LP 7.63%, 8/15/2014 | 650,000 | 708,572 | ||||||
Simon Property Group LP: | ||||||||
4.20%, 2/1/2015 | 1,600,000 | 1,697,231 | ||||||
5.10%, 6/15/2015 | 1,860,000 | 2,049,173 | ||||||
6.75%, 5/15/2014 | 1,000,000 | 1,066,899 | ||||||
UDR, Inc. 5.25%, 1/15/2015 | 425,000 | 454,641 | ||||||
Vornado Realty LP 4.25%, 4/1/2015 | 2,300,000 | 2,413,337 | ||||||
21,149,948 | ||||||||
ROAD & RAIL — 0.6% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
4.88%, 1/15/2015 | 1,125,000 | 1,216,271 | ||||||
7.00%, 2/1/2014 | 1,750,000 | 1,867,723 | ||||||
Canadian National Railway Co. 4.95%, 1/15/2014 | 500,000 | 522,477 | ||||||
CSX Corp. 6.25%, 4/1/2015 | 3,210,000 | 3,587,590 | ||||||
Norfolk Southern Corp. 5.26%, 9/17/2014 | 1,100,000 | 1,186,032 | ||||||
Ryder System, Inc. 5.85%, 3/1/2014 | 1,000,000 | 1,056,068 | ||||||
Union Pacific Corp. 5.13%, 2/15/2014 | 1,225,000 | 1,285,441 | ||||||
10,721,602 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4% | ||||||||
Analog Devices, Inc. 5.00%, 7/1/2014 | 853,000 | 912,922 | ||||||
Texas Instruments, Inc.: | ||||||||
0.45%, 8/3/2015 | 3,400,000 | 3,382,349 | ||||||
1.38%, 5/15/2014 | 1,946,000 | 1,972,673 | ||||||
6,267,944 | ||||||||
SOFTWARE — 1.2% | ||||||||
Adobe Systems, Inc. 3.25%, 2/1/2015 | 3,000,000 | 3,141,825 | ||||||
CA, Inc. 6.13%, 12/1/2014 | 1,000,000 | 1,092,979 | ||||||
Fiserv, Inc. 3.13%, 10/1/2015 | 1,000,000 | 1,049,061 | ||||||
Microsoft Corp.: | ||||||||
1.63%, 9/25/2015 | 5,500,000 | 5,667,367 | ||||||
2.95%, 6/1/2014 | 4,900,000 | 5,076,144 | ||||||
Oracle Corp. 3.75%, 7/8/2014 | 3,838,000 | 4,029,415 | ||||||
20,056,791 | ||||||||
SPECIALTY RETAIL — 1.0% | ||||||||
AutoZone, Inc.: | ||||||||
5.50%, 11/15/2015 | 2,000,000 | 2,244,926 | ||||||
5.75%, 1/15/2015 | 500,000 | 547,252 | ||||||
6.50%, 1/15/2014 | 1,000,000 | 1,057,206 | ||||||
Costco Wholesale Corp. 0.65%, 12/7/2015 | 2,750,000 | 2,759,388 | ||||||
Lowe’s Cos, Inc. 5.00%, 10/15/2015 | 1,000,000 | 1,118,468 | ||||||
McDonald’s Corp. 0.75%, 5/29/2015 | 1,000,000 | 1,005,202 |
See accompanying notes to financial statements.
104
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Staples, Inc. 9.75%, 1/15/2014 | $ | 4,650,000 | $ | 5,059,073 | ||||
Wal-Mart Stores, Inc. 1.50%, 10/25/2015 | 3,000,000 | 3,076,775 | ||||||
16,868,290 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Santander Holdings USA, Inc. 3.00%, 9/24/2015 | 1,760,000 | 1,793,606 | ||||||
TOBACCO — 0.6% | ||||||||
Altria Group, Inc.: | ||||||||
4.13%, 9/11/2015 | 3,600,000 | 3,908,083 | ||||||
7.75%, 2/6/2014 | 938,000 | 1,009,035 | ||||||
Philip Morris International, Inc. 6.88%, 3/17/2014 | 3,375,000 | 3,634,321 | ||||||
Reynolds American, Inc. 1.05%, 10/30/2015 | 1,433,000 | 1,432,496 | ||||||
9,983,935 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 4.8% | ||||||||
America Movil SAB de CV: | ||||||||
3.63%, 3/30/2015 | 1,500,000 | 1,585,781 | ||||||
5.50%, 3/1/2014 | 1,525,000 | 1,608,920 | ||||||
5.75%, 1/15/2015 | 3,000,000 | 3,284,117 | ||||||
American Tower Corp. 4.63%, 4/1/2015 | 1,075,000 | 1,150,203 | ||||||
AT&T, Inc.: | ||||||||
0.88%, 2/13/2015 | 3,850,000 | 3,861,494 | ||||||
2.50%, 8/15/2015 | 8,250,000 | 8,597,287 | ||||||
5.10%, 9/15/2014 | 5,350,000 | 5,757,615 | ||||||
BellSouth Corp. 5.20%, 9/15/2014 | 2,249,000 | 2,416,166 | ||||||
Cellco Partnership/Verizon Wireless Capital LLC 5.55%, 2/1/2014 | 9,750,000 | 10,231,875 | ||||||
Deutsche Telekom International Finance BV 4.88%, 7/8/2014 | 1,670,000 | 1,768,577 | ||||||
France Telecom SA: | ||||||||
2.13%, 9/16/2015 | 4,500,000 | 4,622,406 | ||||||
4.38%, 7/8/2014 | 2,025,000 | 2,129,295 | ||||||
Rogers Communications, Inc.: | ||||||||
6.38%, 3/1/2014 | 3,000,000 | 3,190,056 | ||||||
7.50%, 3/15/2015 | 1,473,000 | 1,677,739 | ||||||
Telecom Italia Capital SA: | ||||||||
4.95%, 9/30/2014 | 5,900,000 | 6,165,499 | ||||||
5.25%, 10/1/2015 | 3,000,000 | 3,187,500 | ||||||
6.18%, 6/18/2014 | 2,000,000 | 2,110,000 | ||||||
Telefonica Emisiones SAU: | ||||||||
3.73%, 4/27/2015 | 1,750,000 | 1,793,750 | ||||||
4.95%, 1/15/2015 | 3,375,000 | 3,526,875 | ||||||
Telefonos de Mexico SAB de CV 5.50%, 1/27/2015 | 1,300,000 | 1,403,675 | ||||||
Verizon Communications, Inc. 1.25%, 11/3/2014 | 3,132,000 | 3,171,904 | ||||||
Vodafone Group PLC: | ||||||||
4.15%, 6/10/2014 | 6,588,000 | 6,912,206 | ||||||
5.00%, 9/15/2015 | 2,000,000 | 2,223,642 | ||||||
5.38%, 1/30/2015 | 500,000 | 546,965 | ||||||
82,923,547 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $1,692,738,972) | 1,704,137,561 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 1.7% | ||||||||
MONEY MARKET FUND — 1.7% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d)(e) (Cost $29,162,667) | 29,162,667 | 29,162,667 | ||||||
TOTAL INVESTMENTS — 100.6% (f) | ||||||||
(Cost $1,721,901,639) | 1,733,300,228 | |||||||
OTHER ASSETS & LIABILITIES — (0.6)% | (10,249,515 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,723,050,713 | ||||||
(a) | Amount shown represents less than 0.05% of net assets. | |||||
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 1.5% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
105
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.0% | ||||||||
AEROSPACE & DEFENSE — 1.4% | ||||||||
Embraer SA 5.15%, 6/15/2022 (a) | $ | 250,000 | $ | 273,125 | ||||
General Dynamics Corp.: | ||||||||
1.00%, 11/15/2017 | 150,000 | 148,820 | ||||||
2.25%, 7/15/2016 | 500,000 | 524,056 | ||||||
Honeywell International, Inc. 5.00%, 2/15/2019 | 440,000 | 520,791 | ||||||
L-3 Communications Corp.: | ||||||||
3.95%, 11/15/2016 | 50,000 | 54,166 | ||||||
4.75%, 7/15/2020 | 250,000 | 279,732 | ||||||
Lockheed Martin Corp.: | ||||||||
3.35%, 9/15/2021 | 150,000 | 158,148 | ||||||
4.25%, 11/15/2019 | 145,000 | 161,442 | ||||||
Northrop Grumman Corp. 1.85%, 11/15/2015 | 250,000 | 255,982 | ||||||
Precision Castparts Corp. 1.25%, 1/15/2018 | 250,000 | 250,895 | ||||||
Raytheon Co. 3.13%, 10/15/2020 | 400,000 | 426,434 | ||||||
Textron, Inc. 4.63%, 9/21/2016 | 100,000 | 108,370 | ||||||
The Boeing Co. 3.50%, 2/15/2015 | 500,000 | 529,410 | ||||||
United Technologies Corp.: | ||||||||
1.20%, 6/1/2015 | 60,000 | 60,859 | ||||||
1.80%, 6/1/2017 | 33,000 | 33,868 | ||||||
3.10%, 6/1/2022 | 500,000 | 529,468 | ||||||
4.50%, 4/15/2020 | 250,000 | 292,244 | ||||||
5.38%, 12/15/2017 | 260,000 | 309,084 | ||||||
4,916,894 | ||||||||
AIR FREIGHT & LOGISTICS — 0.4% | ||||||||
FedEx Corp. 8.00%, 1/15/2019 | 150,000 | 197,186 | ||||||
GATX Corp. 4.75%, 5/15/2015 | 175,000 | 186,501 | ||||||
United Parcel Service of America, Inc. 8.38%, 4/1/2020 | 100,000 | 137,158 | ||||||
United Parcel Service, Inc.: | ||||||||
2.45%, 10/1/2022 | 250,000 | 250,060 | ||||||
3.13%, 1/15/2021 | 250,000 | 267,963 | ||||||
5.13%, 4/1/2019 | 250,000 | 298,157 | ||||||
1,337,025 | ||||||||
AIRLINES — 0.2% | ||||||||
American Airlines 2011-2 Pass Through Trust, Class A 8.63%, 4/15/2023 | 376,053 | 389,214 | ||||||
Delta Air Lines 2010-2 Pass Through Trust, Class A 4.95%, 11/23/2020 | 130,400 | 141,973 | ||||||
United Air Lines, Inc. Pass Through Trust, Class A 9.75%, 7/15/2018 | 199,333 | 229,233 | ||||||
760,420 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc.: | ||||||||
4.25%, 3/1/2021 | 250,000 | 273,483 | ||||||
5.00%, 3/30/2020 | 150,000 | 171,008 | ||||||
444,491 | ||||||||
AUTOMOBILES — 0.0% (b) | ||||||||
PACCAR Financial Corp. 1.55%, 9/29/2014 | 150,000 | 152,331 | ||||||
BEVERAGES — 2.5% | ||||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
0.80%, 7/15/2015 | 150,000 | 150,443 | ||||||
1.38%, 7/15/2017 | 738,000 | 744,781 | ||||||
1.50%, 7/14/2014 | 100,000 | 101,416 | ||||||
2.50%, 7/15/2022 | 500,000 | 500,971 | ||||||
2.88%, 2/15/2016 | 45,000 | 47,563 | ||||||
3.63%, 4/15/2015 | 300,000 | 320,366 | ||||||
4.13%, 1/15/2015 | 195,000 | 208,774 | ||||||
5.38%, 1/15/2020 | 615,000 | 746,284 | ||||||
7.75%, 1/15/2019 | 300,000 | 399,740 | ||||||
Coca-Cola Enterprises, Inc. 3.50%, 9/15/2020 | 150,000 | 158,326 | ||||||
Diageo Capital PLC: | ||||||||
4.83%, 7/15/2020 | 250,000 | 293,570 | ||||||
5.75%, 10/23/2017 | 175,000 | 210,688 | ||||||
Diageo Finance BV 3.25%, 1/15/2015 | 390,000 | 409,101 | ||||||
Dr. Pepper Snapple Group, Inc.: | ||||||||
2.00%, 1/15/2020 | 44,000 | 43,525 | ||||||
3.20%, 11/15/2021 | 200,000 | 208,477 | ||||||
PepsiCo, Inc.: | ||||||||
0.70%, 8/13/2015 | 450,000 | 450,669 | ||||||
1.25%, 8/13/2017 | 100,000 | 100,419 | ||||||
2.50%, 5/10/2016 | 400,000 | 420,898 | ||||||
3.00%, 8/25/2021 | 320,000 | 339,360 | ||||||
3.10%, 1/15/2015 | 160,000 | 168,085 | ||||||
3.13%, 11/1/2020 (c) | 250,000 | 269,410 | ||||||
3.75%, 3/1/2014 | 250,000 | 259,431 | ||||||
5.00%, 6/1/2018 | 285,000 | 338,067 | ||||||
The Coca-Cola Co.: | ||||||||
0.75%, 3/13/2015 | 100,000 | 100,563 | ||||||
1.50%, 11/15/2015 | 500,000 | 512,325 | ||||||
1.65%, 3/14/2018 (c) | 250,000 | 256,338 | ||||||
3.15%, 11/15/2020 | 270,000 | 293,597 | ||||||
3.30%, 9/1/2021 | 300,000 | 329,708 | ||||||
3.63%, 3/15/2014 | 250,000 | 259,215 | ||||||
8,642,110 | ||||||||
BIOTECHNOLOGY — 0.9% | ||||||||
Amgen, Inc.: | ||||||||
2.13%, 5/15/2017 | 350,000 | 362,284 | ||||||
2.30%, 6/15/2016 | 250,000 | 260,174 | ||||||
4.10%, 6/15/2021 | 350,000 | 391,401 | ||||||
5.70%, 2/1/2019 | 250,000 | 298,823 | ||||||
5.85%, 6/1/2017 | 100,000 | 118,350 | ||||||
6.15%, 6/1/2018 | 350,000 | 431,969 | ||||||
Biogen Idec, Inc. 6.88%, 3/1/2018 | 150,000 | 185,167 | ||||||
Celgene Corp.: | ||||||||
1.90%, 8/15/2017 | 350,000 | 355,653 |
See accompanying notes to financial statements.
106
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.25%, 8/15/2022 | $ | 100,000 | $ | 101,680 | ||||
Genentech, Inc. 4.75%, 7/15/2015 | 150,000 | 164,851 | ||||||
Gilead Sciences, Inc. 4.50%, 4/1/2021 | 375,000 | 424,802 | ||||||
3,095,154 | ||||||||
BUILDING MATERIALS — 0.1% | ||||||||
CRH America, Inc. 6.00%, 9/30/2016 | 359,000 | 403,437 | ||||||
BUILDING PRODUCTS — 0.0% (b) | ||||||||
Owens Corning 9.00%, 6/15/2019 | 45,000 | 55,958 | ||||||
CAPITAL MARKETS — 6.0% | ||||||||
Ameriprise Financial, Inc. 5.30%, 3/15/2020 | 150,000 | 176,267 | ||||||
BlackRock, Inc.: | ||||||||
3.38%, 6/1/2022 | 350,000 | 370,511 | ||||||
5.00%, 12/10/2019 | 356,000 | 421,174 | ||||||
HSBC Finance Capital Trust IX 5.91%, 11/30/2035 (d) | 200,000 | 198,000 | ||||||
Jefferies Group, Inc. 5.13%, 4/13/2018 | 350,000 | 367,500 | ||||||
Morgan Stanley: | ||||||||
2.88%, 7/28/2014 (c) | 40,000 | 40,788 | ||||||
3.45%, 11/2/2015 | 1,500,000 | 1,555,336 | ||||||
3.80%, 4/29/2016 | 1,000,000 | 1,047,224 | ||||||
4.75%, 4/1/2014 | 1,245,000 | 1,287,766 | ||||||
5.50%, 1/26/2020 | 250,000 | 277,810 | ||||||
5.50%, 7/28/2021 (c) | 450,000 | 510,917 | ||||||
5.55%, 4/27/2017 | 500,000 | 558,470 | ||||||
5.63%, 9/23/2019 | 1,235,000 | 1,387,336 | ||||||
5.75%, 1/25/2021 | 300,000 | 340,375 | ||||||
6.00%, 4/28/2015 | 150,000 | 163,371 | ||||||
7.30%, 5/13/2019 | 500,000 | 606,075 | ||||||
Northern Trust Corp.: | ||||||||
3.38%, 8/23/2021 | 150,000 | 161,390 | ||||||
3.45%, 11/4/2020 | 100,000 | 107,856 | ||||||
TD Ameritrade Holding Corp. 5.60%, 12/1/2019 | 145,000 | 168,909 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
1.50%, 1/31/2014 | 350,000 | 353,766 | ||||||
1.97%, 6/20/2017 | 150,000 | 154,234 | ||||||
2.30%, 7/28/2016 | 70,000 | 73,021 | ||||||
3.10%, 1/15/2015 | 640,000 | 670,340 | ||||||
4.15%, 2/1/2021 (c) | 250,000 | 282,027 | ||||||
The Bear Stearns Cos. LLC: | ||||||||
4.65%, 7/2/2018 | 250,000 | 279,292 | ||||||
5.55%, 1/22/2017 | 500,000 | 561,240 | ||||||
7.25%, 2/1/2018 | 1,045,000 | 1,307,949 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
3.63%, 2/7/2016 | 750,000 | 791,858 | ||||||
3.70%, 8/1/2015 | 1,250,000 | 1,317,703 | ||||||
5.13%, 1/15/2015 | 500,000 | 536,232 | ||||||
5.25%, 7/27/2021 | 550,000 | 626,108 | ||||||
5.38%, 3/15/2020 | 400,000 | 457,038 | ||||||
5.75%, 1/24/2022 (c) | 400,000 | 472,890 | ||||||
5.95%, 1/18/2018 | 1,300,000 | 1,517,013 | ||||||
6.00%, 5/1/2014 | 910,000 | 968,182 | ||||||
6.00%, 6/15/2020 | 550,000 | 651,541 | ||||||
7.50%, 2/15/2019 | 150,000 | 187,995 | ||||||
20,955,504 | ||||||||
CHEMICALS — 2.1% | ||||||||
Air Products & Chemicals, Inc.: | ||||||||
2.00%, 8/2/2016 | 55,000 | 56,959 | ||||||
4.38%, 8/21/2019 | 100,000 | 114,581 | ||||||
CF Industries, Inc. 7.13%, 5/1/2020 | 350,000 | 441,048 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
1.75%, 3/25/2014 | 200,000 | 203,014 | ||||||
3.25%, 1/15/2015 | 150,000 | 157,972 | ||||||
4.25%, 4/1/2021 (c) | 50,000 | 57,665 | ||||||
4.63%, 1/15/2020 | 350,000 | 410,871 | ||||||
5.25%, 12/15/2016 | 250,000 | 289,665 | ||||||
Eastman Chemical Co.: | ||||||||
3.00%, 12/15/2015 | 150,000 | 157,940 | ||||||
3.60%, 8/15/2022 (c) | 350,000 | 367,711 | ||||||
Ecolab, Inc.: | ||||||||
1.00%, 8/9/2015 | 94,000 | 94,066 | ||||||
2.38%, 12/8/2014 | 250,000 | 257,439 | ||||||
4.35%, 12/8/2021 | 300,000 | 335,602 | ||||||
Lubrizol Corp. 8.88%, 2/1/2019 | 150,000 | 208,611 | ||||||
Methanex Corp. 3.25%, 12/15/2019 | 100,000 | 100,958 | ||||||
Monsanto Co.: | ||||||||
2.20%, 7/15/2022 | 150,000 | 148,252 | ||||||
2.75%, 4/15/2016 | 100,000 | 105,692 | ||||||
NewMarket Corp. 4.10%, 12/15/2022 (e) | 50,000 | 51,121 | ||||||
Potash Corp. of Saskatchewan, Inc. 3.75%, 9/30/2015 | 360,000 | 387,037 | ||||||
PPG Industries, Inc.: | ||||||||
2.70%, 8/15/2022 | 250,000 | 247,545 | ||||||
6.65%, 3/15/2018 | 100,000 | 123,789 | ||||||
Praxair, Inc.: | ||||||||
2.20%, 8/15/2022 | 150,000 | 146,839 | ||||||
2.45%, 2/15/2022 (c) | 250,000 | 251,054 | ||||||
3.25%, 9/15/2015 | 250,000 | 266,898 | ||||||
4.05%, 3/15/2021 | 100,000 | 112,880 | ||||||
The Dow Chemical Co.: | ||||||||
2.50%, 2/15/2016 | 350,000 | 363,500 | ||||||
3.00%, 11/15/2022 | 150,000 | 149,913 | ||||||
4.13%, 11/15/2021 (c) | 250,000 | 272,877 | ||||||
4.25%, 11/15/2020 | 40,000 | 44,196 | ||||||
7.60%, 5/15/2014 | 152,000 | 165,740 | ||||||
8.55%, 5/15/2019 | 560,000 | 757,735 | ||||||
The Mosaic Co. 3.75%, 11/15/2021 | 150,000 | 159,465 | ||||||
The Sherwin-Williams Co. 1.35%, 12/15/2017 | 250,000 | 250,041 | ||||||
Valspar Corp. 4.20%, 1/15/2022 | 50,000 | 54,016 | ||||||
Westlake Chemical Corp. 3.60%, 7/15/2022 | 29,000 | 28,962 | ||||||
7,341,654 | ||||||||
See accompanying notes to financial statements.
107
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
COMMERCIAL BANKS — 9.7% | ||||||||
Abbey National Treasury Services PLC 4.00%, 4/27/2016 | $ | 250,000 | $ | 263,377 | ||||
Australia & New Zealand Banking Group, Ltd. 1.88%, 10/6/2017 (c) | 250,000 | 254,679 | ||||||
Bancolombia SA 5.13%, 9/11/2022 | 500,000 | 520,000 | ||||||
Bank of Montreal: | ||||||||
2.50%, 1/11/2017 | 500,000 | 523,138 | ||||||
2.55%, 11/6/2022 | 250,000 | 247,906 | ||||||
Bank of Nova Scotia: | ||||||||
1.85%, 1/12/2015 | 500,000 | 510,018 | ||||||
2.55%, 1/12/2017 | 250,000 | 262,569 | ||||||
2.90%, 3/29/2016 | 250,000 | 264,577 | ||||||
3.40%, 1/22/2015 | 250,000 | 262,966 | ||||||
Barclays Bank PLC: | ||||||||
2.38%, 1/13/2014 | 350,000 | 352,220 | ||||||
5.00%, 9/22/2016 | 400,000 | 449,188 | ||||||
5.14%, 10/14/2020 (c) | 500,000 | 524,238 | ||||||
5.20%, 7/10/2014 | 355,000 | 377,494 | ||||||
BB&T Corp.: | ||||||||
2.05%, 4/28/2014 | 100,000 | 101,788 | ||||||
3.95%, 4/29/2016 | 125,000 | 136,537 | ||||||
4.90%, 6/30/2017 | 250,000 | 283,145 | ||||||
5.25%, 11/1/2019 | 250,000 | 289,579 | ||||||
BB&T Corp., Series C 1.60%, 8/15/2017 | 150,000 | 151,900 | ||||||
BBVA US Senior SAU 3.25%, 5/16/2014 | 250,000 | 249,985 | ||||||
BNP Paribas: | ||||||||
2.38%, 9/14/2017 | 150,000 | 152,061 | ||||||
3.25%, 3/11/2015 | 550,000 | 573,091 | ||||||
3.60%, 2/23/2016 | 250,000 | 264,744 | ||||||
5.00%, 1/15/2021 | 250,000 | 280,787 | ||||||
Canadian Imperial Bank of Commerce/Canada: | ||||||||
0.90%, 10/1/2015 | 250,000 | 250,321 | ||||||
2.35%, 12/11/2015 | 250,000 | 260,862 | ||||||
Comerica Bank 5.20%, 8/22/2017 | 250,000 | 288,689 | ||||||
Commonwealth Bank of Australia/New York, NY: | ||||||||
1.90%, 9/18/2017 | 500,000 | 510,981 | ||||||
1.95%, 3/16/2015 | 250,000 | 255,435 | ||||||
Compass Bank 5.50%, 4/1/2020 | 250,000 | 246,357 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
2.13%, 10/13/2015 | 500,000 | 515,364 | ||||||
3.95%, 11/9/2022 (c) | 250,000 | 256,216 | ||||||
4.50%, 1/11/2021 | 350,000 | 392,591 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Utrect: | ||||||||
3.38%, 1/19/2017 | 350,000 | 375,170 | ||||||
3.88%, 2/8/2022 | 100,000 | 108,191 | ||||||
Credit Suisse of New York, NY: | ||||||||
2.20%, 1/14/2014 | 100,000 | 101,076 | ||||||
4.38%, 8/5/2020 | 150,000 | 169,930 | ||||||
5.30%, 8/13/2019 | 370,000 | 439,084 | ||||||
5.50%, 5/1/2014 | 800,000 | 850,283 | ||||||
6.00%, 2/15/2018 (c) | 250,000 | 288,997 | ||||||
Deutsche Bank AG London: | ||||||||
3.45%, 3/30/2015 (c) | 250,000 | 263,560 | ||||||
3.88%, 8/18/2014 | 670,000 | 703,835 | ||||||
6.00%, 9/1/2017 | 370,000 | 442,611 | ||||||
Fifth Third Bancorp: | ||||||||
3.50%, 3/15/2022 | 100,000 | 104,839 | ||||||
3.63%, 1/25/2016 | 150,000 | 160,139 | ||||||
4.50%, 6/1/2018 | 125,000 | 138,817 | ||||||
First Tennessee Bank 5.65%, 4/1/2016 | 250,000 | 268,618 | ||||||
HSBC Bank USA NA 6.00%, 8/9/2017 | 250,000 | 292,384 | ||||||
HSBC Holdings PLC: | ||||||||
4.00%, 3/30/2022 | 400,000 | 438,958 | ||||||
4.88%, 1/14/2022 | 150,000 | 174,735 | ||||||
5.10%, 4/5/2021 | 250,000 | 294,213 | ||||||
HSBC USA, Inc.: | ||||||||
1.63%, 1/16/2018 (c) | 100,000 | 100,185 | ||||||
2.38%, 2/13/2015 | 90,000 | 92,580 | ||||||
Huntington BancShares, Inc. 7.00%, 12/15/2020 (c) | 25,000 | 30,262 | ||||||
JPMorgan Chase Bank NA 6.00%, 7/5/2017 | 650,000 | 761,113 | ||||||
KeyBank NA 4.95%, 9/15/2015 | 200,000 | 217,653 | ||||||
KeyCorp 5.10%, 3/24/2021 | 340,000 | 395,839 | ||||||
Lloyds TSB Bank PLC 4.20%, 3/28/2017 | 650,000 | 717,154 | ||||||
Manufacturers & Traders Trust Co. 5.63%, 12/1/2021 (d) | 250,000 | 256,250 | ||||||
National Australia Bank/New York: | ||||||||
1.60%, 8/7/2015 | 100,000 | 101,529 | ||||||
2.75%, 3/9/2017 | 300,000 | 315,585 | ||||||
National Bank of Canada 1.50%, 6/26/2015 | 500,000 | 506,709 | ||||||
PNC Funding Corp.: | ||||||||
2.70%, 9/19/2016 | 250,000 | 263,598 | ||||||
5.13%, 2/8/2020 | 360,000 | 426,363 | ||||||
5.25%, 11/15/2015 | 250,000 | 278,479 | ||||||
5.40%, 6/10/2014 | 350,000 | 372,755 | ||||||
5.63%, 2/1/2017 | 350,000 | 402,225 | ||||||
6.70%, 6/10/2019 | 250,000 | 318,134 | ||||||
Regions Financial Corp. 7.75%, 11/10/2014 | 350,000 | 386,750 | ||||||
Royal Bank of Canada: | ||||||||
1.13%, 1/15/2014 | 500,000 | 502,701 | ||||||
1.45%, 10/30/2014 (c) | 100,000 | 101,503 | ||||||
2.30%, 7/20/2016 | 100,000 | 104,111 | ||||||
2.63%, 12/15/2015 | 250,000 | 262,530 | ||||||
Societe Generale SA 2.75%, 10/12/2017 | 150,000 | 152,243 | ||||||
Sumitomo Mitsui Banking Corp.: | ||||||||
1.80%, 7/18/2017 (c) | 250,000 | 253,322 | ||||||
3.20%, 7/18/2022 | 250,000 | 255,229 |
See accompanying notes to financial statements.
108
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
SunTrust Banks, Inc.: | ||||||||
3.50%, 1/20/2017 | $ | 150,000 | $ | 160,429 | ||||
3.60%, 4/15/2016 | 55,000 | 58,394 | ||||||
7.25%, 3/15/2018 | 150,000 | 182,794 | ||||||
Svenska Handelsbanken AB 3.13%, 7/12/2016 | 250,000 | 266,439 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
0.70%, 10/23/2015 | 120,000 | 119,327 | ||||||
1.30%, 1/25/2018 | 250,000 | 248,940 | ||||||
The Royal Bank of Scotland PLC 4.38%, 3/16/2016 | 500,000 | 542,943 | ||||||
The Toronto-Dominion Bank 2.38%, 10/19/2016 | 500,000 | 522,391 | ||||||
Union Bank NA 5.95%, 5/11/2016 | 255,000 | 288,319 | ||||||
US Bancorp: | ||||||||
3.15%, 3/4/2015 (c) | 640,000 | 673,747 | ||||||
4.13%, 5/24/2021 | 650,000 | 734,183 | ||||||
4.20%, 5/15/2014 | 200,000 | 210,099 | ||||||
US Bank NA 4.80%, 4/15/2015 | 150,000 | 162,677 | ||||||
Wachovia Bank NA 4.80%, 11/1/2014 | 168,000 | 179,399 | ||||||
Wachovia Corp.: | ||||||||
4.88%, 2/15/2014 | 350,000 | 365,284 | ||||||
5.63%, 10/15/2016 | 500,000 | 570,389 | ||||||
Series G 5.75%, 2/1/2018 | 750,000 | 900,692 | ||||||
Wells Fargo & Co.: | ||||||||
1.25%, 2/13/2015 | 400,000 | 403,327 | ||||||
1.50%, 7/1/2015 | 250,000 | 253,684 | ||||||
1.50%, 1/16/2018 | 100,000 | 100,307 | ||||||
2.63%, 12/15/2016 | 250,000 | 263,062 | ||||||
3.50%, 3/8/2022 (c) | 250,000 | 266,232 | ||||||
3.63%, 4/15/2015 | 780,000 | 829,824 | ||||||
3.68%, 6/15/2016 | 250,000 | 270,745 | ||||||
4.60%, 4/1/2021 (c) | 200,000 | 230,372 | ||||||
5.63%, 12/11/2017 | 700,000 | 836,493 | ||||||
Westpac Banking Corp.: | ||||||||
2.00%, 8/14/2017 (c) | 100,000 | 102,599 | ||||||
3.00%, 12/9/2015 | 500,000 | 528,850 | ||||||
4.20%, 2/27/2015 | 250,000 | 267,834 | ||||||
34,002,820 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.7% | ||||||||
Cintas Corp.: | ||||||||
4.30%, 6/1/2021 | 250,000 | 274,069 | ||||||
6.13%, 12/1/2017 | 100,000 | 119,655 | ||||||
Pitney Bowes, Inc.: | ||||||||
5.00%, 3/15/2015 | 250,000 | 261,934 | ||||||
6.25%, 3/15/2019 (c) | 135,000 | 145,035 | ||||||
Republic Services, Inc.: | ||||||||
3.55%, 6/1/2022 | 250,000 | 261,012 | ||||||
5.50%, 9/15/2019 | 305,000 | 362,253 | ||||||
The ADT Corp.: | ||||||||
2.25%, 7/15/2017 (e) | 100,000 | 98,440 | ||||||
3.50%, 7/15/2022 (e) | 100,000 | 97,250 | ||||||
The Western Union Co.: | ||||||||
5.25%, 4/1/2020 | 135,000 | 146,902 | ||||||
5.93%, 10/1/2016 | 150,000 | 164,819 | ||||||
Waste Management, Inc.: | ||||||||
4.60%, 3/1/2021 | 150,000 | 168,454 | ||||||
6.38%, 3/11/2015 | 200,000 | 223,493 | ||||||
2,323,316 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.7% | ||||||||
Cisco Systems, Inc.: | ||||||||
1.63%, 3/14/2014 | 200,000 | 202,858 | ||||||
2.90%, 11/17/2014 | 150,000 | 157,001 | ||||||
3.15%, 3/14/2017 (c) | 350,000 | 380,642 | ||||||
4.45%, 1/15/2020 | 250,000 | 291,869 | ||||||
4.95%, 2/15/2019 | 320,000 | 379,261 | ||||||
5.50%, 2/22/2016 | 300,000 | 342,483 | ||||||
Juniper Networks, Inc.: | ||||||||
3.10%, 3/15/2016 | 35,000 | 36,448 | ||||||
4.60%, 3/15/2021 (c) | 100,000 | 106,336 | ||||||
Motorola Solutions, Inc. 3.75%, 5/15/2022 | 250,000 | 256,016 | ||||||
Telefonaktiebolaget LM Ericsson 4.13%, 5/15/2022 | 250,000 | 260,820 | ||||||
2,413,734 | ||||||||
COMPUTERS & PERIPHERALS — 1.4% | ||||||||
Computer Sciences Corp.: | ||||||||
4.45%, 9/15/2022 | 100,000 | 103,610 | ||||||
6.50%, 3/15/2018 | 150,000 | 173,036 | ||||||
Dell, Inc.: | ||||||||
5.65%, 4/15/2018 (c) | 200,000 | 231,381 | ||||||
5.88%, 6/15/2019 (c) | 165,000 | 192,156 | ||||||
Hewlett-Packard Co.: | ||||||||
2.60%, 9/15/2017 (c) | 200,000 | 194,650 | ||||||
2.65%, 6/1/2016 | 250,000 | 249,863 | ||||||
3.00%, 9/15/2016 | 250,000 | 249,849 | ||||||
3.30%, 12/9/2016 | 350,000 | 353,006 | ||||||
3.75%, 12/1/2020 | 500,000 | 481,797 | ||||||
4.38%, 9/15/2021 | 350,000 | 344,457 | ||||||
4.75%, 6/2/2014 (c) | 690,000 | 714,911 | ||||||
International Business Machines Corp.: | ||||||||
1.25%, 5/12/2014 (c) | 655,000 | 662,990 | ||||||
1.88%, 8/1/2022 (c) | 100,000 | 95,970 | ||||||
1.95%, 7/22/2016 | 350,000 | 363,259 | ||||||
2.00%, 1/5/2016 | 250,000 | 258,631 | ||||||
7.63%, 10/15/2018 | 250,000 | 334,319 | ||||||
5,003,885 | ||||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
ABB Finance USA, Inc.: | ||||||||
1.63%, 5/8/2017 | 250,000 | 252,932 | ||||||
2.88%, 5/8/2022 | 100,000 | 102,294 | ||||||
Fluor Corp. 3.38%, 9/15/2021 | 250,000 | 266,468 | ||||||
URS Corp. 5.00%, 4/1/2022 (e) | 150,000 | 154,662 | ||||||
776,356 | ||||||||
CONSUMER FINANCE — 0.9% | ||||||||
Caterpillar Financial Services Corp.: | ||||||||
1.38%, 5/20/2014 | 280,000 | 283,370 | ||||||
1.63%, 6/1/2017 | 100,000 | 101,838 | ||||||
2.05%, 8/1/2016 | 500,000 | 517,957 | ||||||
6.13%, 2/17/2014 | 250,000 | 265,933 |
See accompanying notes to financial statements.
109
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
7.15%, 2/15/2019 | $ | 250,000 | $ | 326,405 | ||||
Discover Financial Services: | ||||||||
3.85%, 11/21/2022 (e) | 350,000 | 358,771 | ||||||
5.20%, 4/27/2022 | 100,000 | 113,019 | ||||||
SLM Corp.: | ||||||||
6.00%, 1/25/2017 | 250,000 | 270,000 | ||||||
6.25%, 1/25/2016 | 150,000 | 162,750 | ||||||
8.00%, 3/25/2020 | 250,000 | 285,000 | ||||||
8.45%, 6/15/2018 | 505,000 | 587,062 | ||||||
3,272,105 | ||||||||
CONTAINERS & PACKAGING — 0.0% (b) | ||||||||
Bemis Co., Inc. 4.50%, 10/15/2021 | 150,000 | 160,451 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
Stanford University 4.75%, 5/1/2019 | 250,000 | 295,335 | ||||||
Yale University 2.90%, 10/15/2014 | 305,000 | 318,004 | ||||||
613,339 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 15.1% | ||||||||
American Express Co.: | ||||||||
7.25%, 5/20/2014 | 1,240,000 | 1,349,968 | ||||||
8.13%, 5/20/2019 | 305,000 | 413,256 | ||||||
American Express Credit Corp.: | ||||||||
2.75%, 9/15/2015 | 400,000 | 419,485 | ||||||
2.80%, 9/19/2016 | 750,000 | 793,021 | ||||||
Bank of America Corp.: | ||||||||
3.63%, 3/17/2016 | 1,000,000 | 1,058,393 | ||||||
3.75%, 7/12/2016 | 600,000 | 639,495 | ||||||
4.50%, 4/1/2015 | 755,000 | 804,002 | ||||||
5.00%, 5/13/2021 | 350,000 | 398,750 | ||||||
5.25%, 12/1/2015 | 1,000,000 | 1,085,614 | ||||||
5.38%, 6/15/2014 | 350,000 | 370,744 | ||||||
5.63%, 7/1/2020 | 750,000 | 884,272 | ||||||
5.65%, 5/1/2018 | 600,000 | 698,145 | ||||||
5.70%, 1/24/2022 (c) | 250,000 | 300,643 | ||||||
5.75%, 12/1/2017 | 250,000 | 290,929 | ||||||
6.00%, 9/1/2017 | 500,000 | 585,834 | ||||||
6.50%, 8/1/2016 | 350,000 | 404,634 | ||||||
Bank of America NA 5.30%, 3/15/2017 | 500,000 | 561,566 | ||||||
Boeing Capital Corp.: | ||||||||
2.13%, 8/15/2016 (c) | 100,000 | 103,843 | ||||||
2.90%, 8/15/2018 | 50,000 | 53,661 | ||||||
4.70%, 10/27/2019 | 250,000 | 294,639 | ||||||
BP Capital Markets PLC: | ||||||||
3.88%, 3/10/2015 | 300,000 | 319,644 | ||||||
4.50%, 10/1/2020 | 450,000 | 518,964 | ||||||
Capital One Bank USA NA 8.80%, 7/15/2019 | 395,000 | 532,982 | ||||||
Capital One Financial Corp.: | ||||||||
2.15%, 3/23/2015 | 200,000 | 204,152 | ||||||
3.15%, 7/15/2016 | 60,000 | 63,684 | ||||||
6.15%, 9/1/2016 | 500,000 | 572,677 | ||||||
7.38%, 5/23/2014 | 185,000 | 201,417 | ||||||
Citigroup, Inc.: | ||||||||
4.50%, 1/14/2022 (c) | 510,000 | 569,426 | ||||||
4.59%, 12/15/2015 | 1,100,000 | 1,198,386 | ||||||
4.75%, 5/19/2015 | 400,000 | 430,782 | ||||||
5.00%, 9/15/2014 | 500,000 | 526,720 | ||||||
5.38%, 8/9/2020 | 400,000 | 468,702 | ||||||
5.50%, 2/15/2017 | 215,000 | 238,182 | ||||||
5.85%, 8/2/2016 (c) | 500,000 | 569,702 | ||||||
6.01%, 1/15/2015 | 350,000 | 382,675 | ||||||
6.13%, 11/21/2017 | 250,000 | 296,687 | ||||||
6.13%, 5/15/2018 | 250,000 | 299,224 | ||||||
6.38%, 8/12/2014 | 600,000 | 647,935 | ||||||
8.50%, 5/22/2019 | 815,000 | 1,090,932 | ||||||
CME Group, Inc. 5.75%, 2/15/2014 | 250,000 | 264,078 | ||||||
Credit Suisse USA, Inc.: | ||||||||
4.88%, 1/15/2015 | 5,000 | 5,379 | ||||||
5.38%, 3/2/2016 | 300,000 | 335,681 | ||||||
5.85%, 8/16/2016 | 250,000 | 288,067 | ||||||
Ford Motor Credit Co. LLC: | ||||||||
2.75%, 5/15/2015 | 500,000 | 511,533 | ||||||
3.00%, 6/12/2017 (c) | 400,000 | 410,292 | ||||||
5.88%, 8/2/2021 | 650,000 | 758,001 | ||||||
6.63%, 8/15/2017 | 1,000,000 | 1,171,033 | ||||||
7.00%, 4/15/2015 | 1,000,000 | 1,114,797 | ||||||
Franklin Resources, Inc. 2.80%, 9/15/2022 | 150,000 | 151,309 | ||||||
General Electric Capital Corp.: | ||||||||
2.30%, 4/27/2017 | 600,000 | 620,864 | ||||||
3.50%, 6/29/2015 | 500,000 | 530,687 | ||||||
3.75%, 11/14/2014 | 350,000 | 369,436 | ||||||
4.38%, 9/16/2020 | 450,000 | 502,223 | ||||||
4.63%, 1/7/2021 | 250,000 | 282,999 | ||||||
4.65%, 10/17/2021 | 250,000 | 283,800 | ||||||
5.30%, 2/11/2021 | 495,000 | 572,672 | ||||||
5.40%, 2/15/2017 | 750,000 | 864,325 | ||||||
5.50%, 1/8/2020 | 500,000 | 594,356 | ||||||
5.63%, 9/15/2017 | 250,000 | 295,224 | ||||||
5.63%, 5/1/2018 | 770,000 | 911,946 | ||||||
5.65%, 6/9/2014 | 500,000 | 535,725 | ||||||
5.90%, 5/13/2014 | 750,000 | 804,524 | ||||||
6.00%, 8/7/2019 | 750,000 | 911,478 | ||||||
6.38%, 11/15/2067 (d) | 150,000 | 158,250 | ||||||
HSBC Finance Corp.: | ||||||||
5.00%, 6/30/2015 (c) | 810,000 | 877,102 | ||||||
5.25%, 4/15/2015 (c) | 150,000 | 162,598 | ||||||
6.68%, 1/15/2021 | 500,000 | 591,313 | ||||||
JPMorgan Chase & Co.: | ||||||||
2.00%, 8/15/2017 (c) | 250,000 | 254,251 | ||||||
2.60%, 1/15/2016 | 600,000 | 622,864 | ||||||
3.15%, 7/5/2016 | 700,000 | 741,419 | ||||||
3.25%, 9/23/2022 | 500,000 | 514,857 | ||||||
3.40%, 6/24/2015 | 500,000 | 527,401 | ||||||
3.45%, 3/1/2016 | 1,000,000 | 1,064,341 | ||||||
4.25%, 10/15/2020 | 800,000 | 886,731 | ||||||
4.35%, 8/15/2021 | 150,000 | 167,126 | ||||||
4.40%, 7/22/2020 | 500,000 | 563,329 | ||||||
4.50%, 1/24/2022 | 500,000 | 565,612 | ||||||
4.63%, 5/10/2021 | 150,000 | 170,306 | ||||||
4.65%, 6/1/2014 | 1,020,000 | 1,074,421 | ||||||
6.13%, 6/27/2017 | 250,000 | 292,113 |
See accompanying notes to financial statements.
110
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Lazard Group LLC 6.85%, 6/15/2017 | $ | 145,000 | $ | 167,355 | ||||
Merrill Lynch & Co., Inc.: | ||||||||
6.40%, 8/28/2017 | 250,000 | 294,219 | ||||||
6.88%, 4/25/2018 | 1,667,000 | 2,007,943 | ||||||
Moody’s Corp. 4.50%, 9/1/2022 | 250,000 | 266,180 | ||||||
National Rural Utilities Cooperative Finance Corp.: | ||||||||
1.00%, 2/2/2015 | 150,000 | 150,767 | ||||||
5.45%, 2/1/2018 | 250,000 | 300,646 | ||||||
10.38%, 11/1/2018 | 185,000 | 272,250 | ||||||
Nomura Holdings, Inc.: | ||||||||
4.13%, 1/19/2016 (c) | 202,000 | 211,479 | ||||||
5.00%, 3/4/2015 | 170,000 | 179,854 | ||||||
6.70%, 3/4/2020 | 155,000 | 179,852 | ||||||
ORIX Corp. 3.75%, 3/9/2017 | 150,000 | 157,919 | ||||||
PACCAR Financial Corp. 0.70%, 11/16/2015 | 150,000 | 149,734 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
2.55%, 9/18/2015 | 126,000 | 128,819 | ||||||
4.88%, 3/16/2015 | 250,000 | 268,524 | ||||||
5.63%, 8/24/2020 | 500,000 | 583,608 | ||||||
SLM Corp. 3.88%, 9/10/2015 | 250,000 | 256,250 | ||||||
The Charles Schwab Corp. 4.45%, 7/22/2020 | 250,000 | 281,603 | ||||||
The Nasdaq OMX Group, Inc.: | ||||||||
5.25%, 1/16/2018 | 60,000 | 65,054 | ||||||
5.55%, 1/15/2020 | 246,000 | 266,099 | ||||||
Toyota Motor Credit Corp.: | ||||||||
0.88%, 7/17/2015 | 250,000 | 250,959 | ||||||
1.00%, 2/17/2015 | 250,000 | 251,726 | ||||||
1.25%, 10/5/2017 | 100,000 | 100,246 | ||||||
1.75%, 5/22/2017 | 250,000 | 255,470 | ||||||
2.00%, 9/15/2016 | 100,000 | 103,308 | ||||||
2.80%, 1/11/2016 | 150,000 | 157,864 | ||||||
3.20%, 6/17/2015 | 150,000 | 159,049 | ||||||
3.30%, 1/12/2022 (c) | 300,000 | 324,159 | ||||||
3.40%, 9/15/2021 | 150,000 | 163,232 | ||||||
4.25%, 1/11/2021 | 150,000 | 172,194 | ||||||
UBS AG of Stamford, CT: | ||||||||
2.25%, 1/28/2014 | 250,000 | 253,056 | ||||||
3.88%, 1/15/2015 | 250,000 | 263,935 | ||||||
4.88%, 8/4/2020 (c) | 45,000 | 52,189 | ||||||
5.75%, 4/25/2018 | 555,000 | 657,413 | ||||||
5.88%, 12/20/2017 | 400,000 | 474,711 | ||||||
52,795,896 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.4% | ||||||||
America Movil SAB de CV 5.00%, 10/16/2019 | 350,000 | 405,588 | ||||||
AT&T, Inc.: | ||||||||
2.63%, 12/1/2022 | 450,000 | 450,312 | ||||||
3.88%, 8/15/2021 | 150,000 | 167,794 | ||||||
British Telecommunications PLC 5.95%, 1/15/2018 | 300,000 | 360,250 | ||||||
CenturyLink, Inc.: | ||||||||
5.80%, 3/15/2022 (c) | 250,000 | 264,270 | ||||||
6.45%, 6/15/2021 | 500,000 | 544,198 | ||||||
Harris Corp. 6.38%, 6/15/2019 | 100,000 | 118,403 | ||||||
Qwest Corp. 7.50%, 10/1/2014 | 250,000 | 274,419 | ||||||
Telecom Italia Capital SA 7.00%, 6/4/2018 | 250,000 | 285,625 | ||||||
Verizon Communications, Inc.: | ||||||||
1.95%, 3/28/2014 | 250,000 | 254,473 | ||||||
3.50%, 11/1/2021 | 650,000 | 709,464 | ||||||
4.60%, 4/1/2021 | 350,000 | 410,254 | ||||||
5.55%, 2/15/2016 | 350,000 | 399,218 | ||||||
8.75%, 11/1/2018 | 163,000 | 225,278 | ||||||
4,869,546 | ||||||||
ELECTRIC UTILITIES — 4.3% | ||||||||
Alabama Power Co. 0.55%, 10/15/2015 | 350,000 | 349,975 | ||||||
Arizona Public Service Co. 6.25%, 8/1/2016 | 205,000 | 237,161 | ||||||
Baltimore Gas & Electric Co. 5.90%, 10/1/2016 | 150,000 | 174,473 | ||||||
Carolina Power & Light Co. 5.25%, 12/15/2015 | 320,000 | 362,995 | ||||||
Commonwealth Edison Co.: | ||||||||
1.63%, 1/15/2014 | 500,000 | 505,547 | ||||||
3.40%, 9/1/2021 | 100,000 | 107,805 | ||||||
4.00%, 8/1/2020 | 60,000 | 67,073 | ||||||
5.80%, 3/15/2018 (c) | 520,000 | 630,491 | ||||||
Consolidated Edison Co. of New York, Inc.: | ||||||||
5.85%, 4/1/2018 | 208,000 | 253,316 | ||||||
6.65%, 4/1/2019 | 155,000 | 197,173 | ||||||
Consumers Energy Co., Series M 5.50%, 8/15/2016 | 250,000 | 288,311 | ||||||
Duke Energy Carolinas LLC: | ||||||||
1.75%, 12/15/2016 (c) | 350,000 | 359,241 | ||||||
3.90%, 6/15/2021 | 150,000 | 167,892 | ||||||
Duke Energy Corp.: | ||||||||
3.55%, 9/15/2021 | 200,000 | 210,499 | ||||||
3.95%, 9/15/2014 | 670,000 | 706,583 | ||||||
Edison International 3.75%, 9/15/2017 | 350,000 | 380,381 | ||||||
Entergy Corp. 5.13%, 9/15/2020 | 300,000 | 325,656 | ||||||
Entergy Louisiana LLC 1.88%, 12/15/2014 | 90,000 | 92,046 | ||||||
Exelon Generation Co. LLC 4.25%, 6/15/2022 (c)(e) | 100,000 | 104,522 | ||||||
FirstEnergy Solutions Corp.: | ||||||||
4.80%, 2/15/2015 | 155,000 | 166,817 | ||||||
6.05%, 8/15/2021 | 250,000 | 284,180 | ||||||
Florida Power Corp. 3.10%, 8/15/2021 | 210,000 | 219,765 | ||||||
FPL Group Capital, Inc. 6.00%, 3/1/2019 | 470,000 | 559,103 | ||||||
Georgia Power Co.: | ||||||||
0.75%, 8/10/2015 (c) | 100,000 | 100,252 | ||||||
4.25%, 12/1/2019 | 360,000 | 410,902 |
See accompanying notes to financial statements.
111
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Great Plains Energy, Inc.: | ||||||||
4.85%, 6/1/2021 | $ | 75,000 | $ | 82,156 | ||||
5.29%, 6/15/2022 | 250,000 | 279,846 | ||||||
Indiana Michigan Power Co., Series I 7.00%, 3/15/2019 | 165,000 | 208,544 | ||||||
Kentucky Utilities Co. 1.63%, 11/1/2015 | 250,000 | 256,458 | ||||||
LG&E and KU Energy LLC 3.75%, 11/15/2020 | 300,000 | 317,391 | ||||||
Mississippi Power Co. 2.35%, 10/15/2016 | 250,000 | 259,516 | ||||||
Nevada Power Co. 6.50%, 8/1/2018 | 305,000 | 384,208 | ||||||
Nisource Finance Corp. 6.40%, 3/15/2018 | 450,000 | 546,997 | ||||||
NSTAR Electric Co. 2.38%, 10/15/2022 | 150,000 | 149,063 | ||||||
Ohio Power Co.: | ||||||||
5.38%, 10/1/2021 (c) | 250,000 | 305,131 | ||||||
6.05%, 5/1/2018 | 250,000 | 300,038 | ||||||
Oncor Electric Delivery Co. LLC 6.38%, 1/15/2015 | 350,000 | 384,114 | ||||||
Pacific Gas & Electric Co.: | ||||||||
3.50%, 10/1/2020 | 250,000 | 274,225 | ||||||
4.80%, 3/1/2014 | 250,000 | 261,879 | ||||||
8.25%, 10/15/2018 | 150,000 | 203,285 | ||||||
Peco Energy Co. 2.38%, 9/15/2022 | 100,000 | 100,236 | ||||||
PG&E Corp. 5.75%, 4/1/2014 | 105,000 | 111,379 | ||||||
PPL Electric Utilities Corp. 2.50%, 9/1/2022 | 100,000 | 100,443 | ||||||
Progress Energy, Inc. 7.05%, 3/15/2019 | 256,000 | 322,608 | ||||||
PSEG Power LLC 5.13%, 4/15/2020 | 280,000 | 318,742 | ||||||
Public Service Electric & Gas Co.: | ||||||||
0.85%, 8/15/2014 | 20,000 | 20,112 | ||||||
2.70%, 5/1/2015 | 150,000 | 156,743 | ||||||
Scottish Power, Ltd. 5.38%, 3/15/2015 (c) | 150,000 | 159,850 | ||||||
South Carolina Electric & Gas Co. 5.25%, 11/1/2018 | 200,000 | 236,019 | ||||||
Southern California Edison Co. 3.88%, 6/1/2021 | 35,000 | 39,369 | ||||||
Southwestern Electric Power Co. 3.55%, 2/15/2022 | 250,000 | 261,695 | ||||||
Tampa Electric Co. 2.60%, 9/15/2022 | 150,000 | 151,295 | ||||||
TECO Finance, Inc. 5.15%, 3/15/2020 | 150,000 | 175,013 | ||||||
The Detroit Edison Co.: | ||||||||
2.65%, 6/15/2022 | 350,000 | 356,409 | ||||||
3.45%, 10/1/2020 | 100,000 | 108,982 | ||||||
Union Electric Co. 6.40%, 6/15/2017 | 250,000 | 302,405 | ||||||
Virginia Electric and Power Co. 5.40%, 4/30/2018 | 155,000 | 186,590 | ||||||
Westar Energy, Inc. 5.10%, 7/15/2020 | 250,000 | 299,208 | ||||||
Wisconsin Electric Power Co. 4.25%, 12/15/2019 | 150,000 | 171,844 | ||||||
15,053,952 | ||||||||
ELECTRICAL EQUIPMENT — 0.2% | ||||||||
Emerson Electric Co. 5.00%, 4/15/2019 | 400,000 | 470,649 | ||||||
Jabil Circuit, Inc. 4.70%, 9/15/2022 (a) | 250,000 | 261,250 | ||||||
Roper Industries, Inc. 1.85%, 11/15/2017 | 80,000 | 79,569 | ||||||
811,468 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.3% | ||||||||
Agilent Technologies, Inc. 5.00%, 7/15/2020 | 200,000 | 228,591 | ||||||
Amphenol Corp. 4.00%, 2/1/2022 | 150,000 | 156,272 | ||||||
Arrow Electronics, Inc. 5.13%, 3/1/2021 | 150,000 | 159,000 | ||||||
Avnet, Inc. 6.63%, 9/15/2016 | 160,000 | 180,689 | ||||||
Corning, Inc. 1.45%, 11/15/2017 | 200,000 | 198,909 | ||||||
Energizer Holdings, Inc. 4.70%, 5/24/2022 | 100,000 | 105,861 | ||||||
Tech Data Corp. 3.75%, 9/21/2017 | 100,000 | 101,221 | ||||||
1,130,543 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.4% | ||||||||
Cameron International Corp. 4.50%, 6/1/2021 | 50,000 | 55,948 | ||||||
FMC Technologies, Inc. 3.45%, 10/1/2022 | 100,000 | 101,647 | ||||||
Halliburton Co.: | ||||||||
3.25%, 11/15/2021 (c) | 250,000 | 267,530 | ||||||
6.15%, 9/15/2019 | 125,000 | 157,873 | ||||||
Nabors Industries, Inc.: | ||||||||
4.63%, 9/15/2021 | 150,000 | 160,851 | ||||||
9.25%, 1/15/2019 (c) | 295,000 | 391,396 | ||||||
National Oilwell Varco, Inc.: | ||||||||
1.35%, 12/1/2017 | 150,000 | 150,880 | ||||||
2.60%, 12/1/2022 | 250,000 | 252,685 | ||||||
1,538,810 | ||||||||
FOOD & STAPLES RETAILING — 1.8% | ||||||||
Costco Wholesale Corp.: | ||||||||
1.13%, 12/15/2017 | 250,000 | 251,307 | ||||||
1.70%, 12/15/2019 | 250,000 | 252,202 | ||||||
5.50%, 3/15/2017 | 300,000 | 353,603 | ||||||
CVS Caremark Corp.: | ||||||||
4.13%, 5/15/2021 | 250,000 | 281,578 | ||||||
5.75%, 6/1/2017 | 465,000 | 554,271 | ||||||
Safeway, Inc.: | ||||||||
5.00%, 8/15/2019 (c) | 190,000 | 200,418 | ||||||
6.25%, 3/15/2014 | 300,000 | 317,130 |
See accompanying notes to financial statements.
112
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Sysco Corp. 5.38%, 3/17/2019 | $ | 200,000 | $ | 239,274 | ||||
Target Corp.: | ||||||||
5.38%, 5/1/2017 | 250,000 | 294,328 | ||||||
6.00%, 1/15/2018 | 310,000 | 379,710 | ||||||
The Kroger Co.: | ||||||||
6.40%, 8/15/2017 | 250,000 | 301,191 | ||||||
7.50%, 1/15/2014 | 250,000 | 267,287 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
1.63%, 4/15/2014 (c) | 250,000 | 254,152 | ||||||
2.80%, 4/15/2016 | 250,000 | 267,068 | ||||||
3.00%, 2/3/2014 | 545,000 | 560,847 | ||||||
3.25%, 10/25/2020 | 500,000 | 543,237 | ||||||
5.38%, 4/5/2017 | 350,000 | 413,772 | ||||||
Walgreen Co.: | ||||||||
1.80%, 9/15/2017 | 150,000 | 151,037 | ||||||
3.10%, 9/15/2022 (c) | 100,000 | 100,859 | ||||||
5.25%, 1/15/2019 | 250,000 | 292,173 | ||||||
6,275,444 | ||||||||
FOOD PRODUCTS — 2.0% | ||||||||
Archer-Daniels-Midland Co. 4.48%, 3/1/2021 (c) | 150,000 | 169,471 | ||||||
Bunge Ltd. Finance Corp. 3.20%, 6/15/2017 | 350,000 | 364,222 | ||||||
Bunge, Ltd. 8.50%, 6/15/2019 | 150,000 | 193,329 | ||||||
Campbell Soup Co.: | ||||||||
3.05%, 7/15/2017 | 100,000 | 108,072 | ||||||
4.25%, 4/15/2021 (c) | 150,000 | 169,574 | ||||||
ConAgra Foods, Inc.: | ||||||||
1.35%, 9/10/2015 | 150,000 | 150,187 | ||||||
2.10%, 3/15/2018 | 150,000 | 150,984 | ||||||
7.00%, 4/15/2019 (c) | 250,000 | 306,155 | ||||||
Delhaize Group SA 4.13%, 4/10/2019 (c) | 100,000 | 103,115 | ||||||
General Mills, Inc. 5.70%, 2/15/2017 | 500,000 | 588,753 | ||||||
H.J. Heinz Co. 3.13%, 9/12/2021 (c) | 150,000 | 156,552 | ||||||
Ingredion, Inc. 1.80%, 9/25/2017 | 150,000 | 150,225 | ||||||
Kellogg Co.: | ||||||||
1.75%, 5/17/2017 | 200,000 | 203,247 | ||||||
1.88%, 11/17/2016 | 200,000 | 205,586 | ||||||
3.25%, 5/21/2018 | 35,000 | 37,977 | ||||||
4.15%, 11/15/2019 | 150,000 | 167,574 | ||||||
Kraft Foods Group, Inc.: | ||||||||
2.25%, 6/5/2017 (e) | 750,000 | 777,388 | ||||||
3.50%, 6/6/2022 (e) | 250,000 | 265,544 | ||||||
Kraft Foods, Inc. 4.13%, 2/9/2016 | 860,000 | 936,819 | ||||||
Mondelez International, Inc. 5.38%, 2/10/2020 | 410,000 | 495,309 | ||||||
Sara Lee Corp. 2.75%, 9/15/2015 (c) | 200,000 | 206,050 | ||||||
The Hershey Co. 1.50%, 11/1/2016 | 250,000 | 255,006 | ||||||
Tyson Foods, Inc. 4.50%, 6/15/2022 | 200,000 | 214,863 | ||||||
Unilever Capital Corp.: | ||||||||
0.85%, 8/2/2017 | 350,000 | 345,530 | ||||||
3.65%, 2/15/2014 | 155,000 | 160,505 | ||||||
4.25%, 2/10/2021 | 150,000 | 172,756 | ||||||
7,054,793 | ||||||||
GAS UTILITIES — 0.1% | ||||||||
AGL Capital Corp. 3.50%, 9/15/2021 | 140,000 | 150,644 | ||||||
Atmos Energy Corp. 8.50%, 3/15/2019 | 150,000 | 200,947 | ||||||
National Grid PLC 6.30%, 8/1/2016 | 100,000 | 116,316 | ||||||
467,907 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.4% | ||||||||
Baxter International, Inc. 4.00%, 3/1/2014 | 510,000 | 529,806 | ||||||
Becton Dickinson and Co. 3.25%, 11/12/2020 | 250,000 | 267,048 | ||||||
Boston Scientific Corp.: | ||||||||
5.45%, 6/15/2014 | 150,000 | 159,277 | ||||||
6.40%, 6/15/2016 | 350,000 | 401,590 | ||||||
C.R. Bard, Inc. 2.88%, 1/15/2016 | 75,000 | 79,160 | ||||||
CareFusion Corp. 5.13%, 8/1/2014 | 150,000 | 158,955 | ||||||
Covidien International Finance SA: | ||||||||
2.80%, 6/15/2015 (c) | 350,000 | 365,656 | ||||||
6.00%, 10/15/2017 | 250,000 | 301,579 | ||||||
CR Bard, Inc. 1.38%, 1/15/2018 | 100,000 | 100,380 | ||||||
DENTSPLY International, Inc. 4.13%, 8/15/2021 | 100,000 | 105,267 | ||||||
Hospira, Inc. 5.90%, 6/15/2014 | 250,000 | 266,517 | ||||||
Johnson & Johnson 2.95%, 9/1/2020 | 250,000 | 266,855 | ||||||
Medtronic, Inc.: | ||||||||
2.63%, 3/15/2016 | 250,000 | 261,840 | ||||||
3.00%, 3/15/2015 | 300,000 | 314,921 | ||||||
3.13%, 3/15/2022 | 250,000 | 265,627 | ||||||
4.45%, 3/15/2020 | 185,000 | 214,368 | ||||||
St. Jude Medical, Inc. 2.50%, 1/15/2016 | 250,000 | 259,544 | ||||||
Stryker Corp. 2.00%, 9/30/2016 | 300,000 | 309,139 | ||||||
Zimmer Holdings, Inc. 3.38%, 11/30/2021 | 150,000 | 156,045 | ||||||
4,783,574 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.7% | ||||||||
Aetna, Inc.: | ||||||||
2.75%, 11/15/2022 | 250,000 | 247,920 | ||||||
6.00%, 6/15/2016 | 350,000 | 406,484 | ||||||
AmerisourceBergen Corp. 4.88%, 11/15/2019 | 250,000 | 290,751 | ||||||
Cardinal Health, Inc. 5.80%, 10/15/2016 | 250,000 | 290,785 |
See accompanying notes to financial statements.
113
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CIGNA Corp. 4.50%, 3/15/2021 | $ | 150,000 | $ | 166,864 | ||||
Cigna Corp. 5.13%, 6/15/2020 | 350,000 | 401,948 | ||||||
Coventry Health Care, Inc. 5.45%, 6/15/2021 | 190,000 | 222,181 | ||||||
Express Scripts Holdings, Inc. 6.25%, 6/15/2014 | 395,000 | 425,173 | ||||||
Humana, Inc. 7.20%, 6/15/2018 | 260,000 | 319,474 | ||||||
Laboratory Corp. of America Holdings: | ||||||||
2.20%, 8/23/2017 | 67,000 | 68,440 | ||||||
3.13%, 5/15/2016 | 250,000 | 262,746 | ||||||
McKesson Corp.: | ||||||||
3.25%, 3/1/2016 | 250,000 | 266,950 | ||||||
7.50%, 2/15/2019 (c) | 135,000 | 174,006 | ||||||
Quest Diagnostics, Inc. 4.70%, 4/1/2021 | 150,000 | 167,381 | ||||||
UnitedHealth Group, Inc.: | ||||||||
1.40%, 10/15/2017 | 67,000 | 67,258 | ||||||
1.88%, 11/15/2016 (c) | 250,000 | 257,357 | ||||||
3.38%, 11/15/2021 | 500,000 | 529,880 | ||||||
3.88%, 10/15/2020 (c) | 250,000 | 274,441 | ||||||
4.88%, 3/15/2015 | 150,000 | 163,568 | ||||||
WellPoint, Inc.: | ||||||||
3.13%, 5/15/2022 | 450,000 | 454,668 | ||||||
5.25%, 1/15/2016 | 200,000 | 223,041 | ||||||
5.88%, 6/15/2017 | 300,000 | 354,704 | ||||||
7.00%, 2/15/2019 | 45,000 | 56,003 | ||||||
6,092,023 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.7% | ||||||||
Carnival Corp. 1.88%, 12/15/2017 | 250,000 | 250,688 | ||||||
Darden Restaurants, Inc. 6.20%, 10/15/2017 | 150,000 | 173,308 | ||||||
International Game Technology 5.50%, 6/15/2020 | 100,000 | 108,266 | ||||||
Marriott International, Inc. 6.38%, 6/15/2017 | 150,000 | 174,937 | ||||||
McDonald’s Corp.: | ||||||||
2.63%, 1/15/2022 | 150,000 | 155,862 | ||||||
3.50%, 7/15/2020 | 55,000 | 60,556 | ||||||
3.63%, 5/20/2021 | 50,000 | 55,643 | ||||||
5.35%, 3/1/2018 | 390,000 | 470,482 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. 6.75%, 5/15/2018 | 250,000 | 303,984 | ||||||
Wyndham Worldwide Corp. 5.63%, 3/1/2021 | 250,000 | 276,273 | ||||||
Yum! Brands, Inc.: | ||||||||
3.75%, 11/1/2021 | 30,000 | 32,050 | ||||||
5.30%, 9/15/2019 | 150,000 | 174,799 | ||||||
6.25%, 3/15/2018 (c) | 100,000 | 121,368 | ||||||
2,358,216 | ||||||||
HOUSEHOLD DURABLES — 0.1% | ||||||||
Leggett & Platt, Inc. 3.40%, 8/15/2022 | 100,000 | 102,754 | ||||||
Whirlpool Corp.: | ||||||||
4.85%, 6/15/2021 (c) | 50,000 | 53,590 | ||||||
6.50%, 6/15/2016 | 250,000 | 281,874 | ||||||
438,218 | ||||||||
HOUSEHOLD PRODUCTS — 0.8% | ||||||||
Colgate-Palmolive Co.: | ||||||||
0.60%, 11/15/2014 | 100,000 | 100,275 | ||||||
2.95%, 11/1/2020 | 250,000 | 265,328 | ||||||
Fortune Brands, Inc. 6.38%, 6/15/2014 (c) | 265,000 | 286,527 | ||||||
Kimberly-Clark Corp.: | ||||||||
3.63%, 8/1/2020 | 85,000 | 94,376 | ||||||
7.50%, 11/1/2018 | 495,000 | 659,739 | ||||||
Newell Rubbermaid, Inc. 6.25%, 4/15/2018 | 150,000 | 179,204 | ||||||
The Clorox Co. 3.80%, 11/15/2021 | 250,000 | 271,624 | ||||||
The Procter & Gamble Co.: | ||||||||
1.80%, 11/15/2015 | 750,000 | 776,186 | ||||||
2.30%, 2/6/2022 | 250,000 | 253,766 | ||||||
2,887,025 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.9% | ||||||||
3M Co. 1.00%, 6/26/2017 | 420,000 | 420,615 | ||||||
Cooper US, Inc.: | ||||||||
2.38%, 1/15/2016 | 100,000 | 103,598 | ||||||
3.88%, 12/15/2020 | 150,000 | 162,766 | ||||||
General Electric Co.: | ||||||||
0.85%, 10/9/2015 | 100,000 | 100,130 | ||||||
2.70%, 10/9/2022 | 250,000 | 254,372 | ||||||
5.25%, 12/6/2017 | 1,010,000 | 1,191,110 | ||||||
Koninklijke Philips Electronics NV: | ||||||||
3.75%, 3/15/2022 (c) | 200,000 | 218,597 | ||||||
5.75%, 3/11/2018 | 100,000 | 121,179 | ||||||
Pentair Finance SA 5.00%, 5/15/2021 (e) | 150,000 | 170,369 | ||||||
Tyco Electronics Group SA 6.55%, 10/1/2017 | 210,000 | 252,381 | ||||||
2,995,117 | ||||||||
INSURANCE — 3.9% | ||||||||
ACE INA Holdings, Inc.: | ||||||||
2.60%, 11/23/2015 | 250,000 | 261,218 | ||||||
5.90%, 6/15/2019 | 155,000 | 190,415 | ||||||
AEGON Funding Co. LLC 5.75%, 12/15/2020 | 100,000 | 115,753 | ||||||
Aflac, Inc.: | ||||||||
2.65%, 2/15/2017 | 250,000 | 261,791 | ||||||
8.50%, 5/15/2019 (c) | 145,000 | 196,284 | ||||||
Alleghany Corp. 4.95%, 6/27/2022 | 100,000 | 109,115 | ||||||
Allied World Assurance Co., Ltd. 7.50%, 8/1/2016 | 100,000 | 117,912 | ||||||
American International Group, Inc.: | ||||||||
4.88%, 6/1/2022 (c) | 350,000 | 398,951 | ||||||
5.85%, 1/16/2018 | 1,150,000 | 1,357,294 | ||||||
8.25%, 8/15/2018 | 600,000 | 786,633 |
See accompanying notes to financial statements.
114
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
AON Corp. 5.00%, 9/30/2020 | $ | 225,000 | $ | 257,280 | ||||
Axis Specialty Finance LLC 5.88%, 6/1/2020 | 100,000 | 113,319 | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
1.50%, 1/10/2014 | 100,000 | 101,070 | ||||||
4.25%, 1/15/2021 (c) | 100,000 | 113,710 | ||||||
5.40%, 5/15/2018 (c) | 145,000 | 173,944 | ||||||
Berkshire Hathaway, Inc.: | ||||||||
1.90%, 1/31/2017 | 500,000 | 515,177 | ||||||
2.20%, 8/15/2016 | 250,000 | 259,588 | ||||||
3.20%, 2/11/2015 | 350,000 | 368,284 | ||||||
3.40%, 1/31/2022 | 150,000 | 160,062 | ||||||
Chubb Corp. 6.38%, 3/29/2067 (d) | 195,000 | 210,600 | ||||||
CNA Financial Corp.: | ||||||||
5.88%, 8/15/2020 | 150,000 | 176,201 | ||||||
6.50%, 8/15/2016 | 150,000 | 172,806 | ||||||
Fidelity National Financial, Inc. 5.50%, 9/1/2022 | 100,000 | 109,263 | ||||||
Genworth Financial, Inc.: | ||||||||
5.75%, 6/15/2014 (c) | 45,000 | 47,137 | ||||||
7.20%, 2/15/2021 | 150,000 | 160,500 | ||||||
8.63%, 12/15/2016 | 150,000 | 174,000 | ||||||
Hartford Financial Services Group, Inc.: | ||||||||
4.00%, 3/30/2015 | 100,000 | 105,156 | ||||||
6.30%, 3/15/2018 (c) | 330,000 | 393,209 | ||||||
Infinity Property & Casualty Corp. 5.00%, 9/19/2022 | 100,000 | 104,318 | ||||||
ING US, Inc. 5.50%, 7/15/2022 (e) | 100,000 | 108,354 | ||||||
Lincoln National Corp. 8.75%, 7/1/2019 | 300,000 | 400,201 | ||||||
Manulife Financial Corp. 3.40%, 9/17/2015 | 100,000 | 104,749 | ||||||
Marsh & McLennan Cos, Inc. 5.75%, 9/15/2015 | 185,000 | 207,062 | ||||||
Marsh & McLennan Cos., Inc. 4.80%, 7/15/2021 | 50,000 | 56,301 | ||||||
MetLife, Inc.: | ||||||||
2.38%, 2/6/2014 | 150,000 | 152,903 | ||||||
4.75%, 2/8/2021 (c) | 250,000 | 289,691 | ||||||
6.75%, 6/1/2016 | 515,000 | 609,129 | ||||||
Montpelier Re Holdings, Ltd. 4.70%, 10/15/2022 | 100,000 | 101,190 | ||||||
OneBeacon US Holdings, Inc. 4.60%, 11/9/2022 | 100,000 | 101,845 | ||||||
PartnerRe, Ltd. 5.50%, 6/1/2020 (c) | 100,000 | 111,599 | ||||||
Prudential Financial, Inc.: | ||||||||
3.88%, 1/14/2015 | 125,000 | 132,218 | ||||||
4.50%, 11/16/2021 | 350,000 | 392,166 | ||||||
4.75%, 4/1/2014 (c) | 300,000 | 313,926 | ||||||
4.75%, 9/17/2015 | 320,000 | 350,635 | ||||||
7.38%, 6/15/2019 | 200,000 | 254,410 | ||||||
Reinsurance Group of America, Inc. 6.45%, 11/15/2019 | 250,000 | 293,074 | ||||||
StanCorp Financial Group, Inc. 5.00%, 8/15/2022 | 100,000 | 103,100 | ||||||
The Allstate Corp. 5.00%, 8/15/2014 | 500,000 | 533,753 | ||||||
The Progressive Corp. 3.75%, 8/23/2021 | 150,000 | 163,675 | ||||||
The Travelers Cos., Inc. 6.25%, 6/20/2016 | 320,000 | 375,152 | ||||||
Torchmark Corp. 3.80%, 9/15/2022 | 75,000 | 76,730 | ||||||
Transatlantic Holdings, Inc. 5.75%, 12/14/2015 | 100,000 | 110,692 | ||||||
Unum Group 7.13%, 9/30/2016 | 100,000 | 117,947 | ||||||
Willis North America, Inc. 7.00%, 9/29/2019 | 250,000 | 293,179 | ||||||
WR Berkley Corp. 4.63%, 3/15/2022 | 150,000 | 160,771 | ||||||
XL Group PLC 5.25%, 9/15/2014 | 250,000 | 265,493 | ||||||
13,690,935 | ||||||||
INTERNET & CATALOG RETAIL — 0.1% | ||||||||
Expedia, Inc. 5.95%, 8/15/2020 | 200,000 | 222,000 | ||||||
INTERNET SOFTWARE & SERVICES — 0.4% | ||||||||
Amazon.com, Inc. 2.50%, 11/29/2022 | 300,000 | 295,659 | ||||||
eBay, Inc.: | ||||||||
0.70%, 7/15/2015 (c) | 288,000 | 288,344 | ||||||
2.60%, 7/15/2022 | 150,000 | 150,656 | ||||||
3.25%, 10/15/2020 | 150,000 | 160,380 | ||||||
Google, Inc.: | ||||||||
1.25%, 5/19/2014 | 250,000 | 253,093 | ||||||
3.63%, 5/19/2021 | 150,000 | 165,712 | ||||||
1,313,844 | ||||||||
IT SERVICES — 0.4% | ||||||||
Fiserv, Inc.: | ||||||||
3.50%, 10/1/2022 | 250,000 | 249,056 | ||||||
6.80%, 11/20/2017 | 150,000 | 182,443 | ||||||
International Business Machines Corp. 5.70%, 9/14/2017 | 645,000 | 778,419 | ||||||
1,209,918 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.4% | ||||||||
Life Technologies Corp. 5.00%, 1/15/2021 | 250,000 | 277,231 | ||||||
Thermo Fisher Scientific, Inc.: | ||||||||
2.25%, 8/15/2016 | 400,000 | 413,450 | ||||||
3.20%, 5/1/2015 | 250,000 | 262,933 | ||||||
3.20%, 3/1/2016 | 40,000 | 42,393 | ||||||
4.50%, 3/1/2021 | 250,000 | 282,834 | ||||||
1,278,841 | ||||||||
MACHINERY — 1.4% | ||||||||
Caterpillar, Inc.: | ||||||||
1.38%, 5/27/2014 | 50,000 | 50,610 | ||||||
1.50%, 6/26/2017 | 750,000 | 759,912 | ||||||
2.60%, 6/26/2022 (c) | 100,000 | 100,847 | ||||||
3.90%, 5/27/2021 | 250,000 | 278,448 | ||||||
Danaher Corp. 5.40%, 3/1/2019 | 250,000 | 298,324 |
See accompanying notes to financial statements.
115
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Deere & Co. 2.60%, 6/8/2022 | $ | 500,000 | $ | 506,265 | ||||
Eaton Corp.: | ||||||||
2.75%, 11/2/2022 (e) | 500,000 | 497,989 | ||||||
6.95%, 3/20/2019 | 150,000 | 190,229 | ||||||
Illinois Tool Works, Inc.: | ||||||||
3.38%, 9/15/2021 | 45,000 | 48,709 | ||||||
6.25%, 4/1/2019 | 250,000 | 311,341 | ||||||
Ingersoll-Rand Global Holding Co., Ltd. 9.50%, 4/15/2014 | 180,000 | 199,162 | ||||||
John Deere Capital Corp.: | ||||||||
1.20%, 10/10/2017 | 250,000 | 249,807 | ||||||
1.25%, 12/2/2014 | 500,000 | 507,129 | ||||||
1.70%, 1/15/2020 | 150,000 | 148,367 | ||||||
2.80%, 9/18/2017 | 250,000 | 268,675 | ||||||
3.90%, 7/12/2021 | 150,000 | 169,772 | ||||||
Joy Global, Inc. 5.13%, 10/15/2021 | 80,000 | 88,186 | ||||||
Kennametal, Inc. 2.65%, 11/1/2019 | 100,000 | 99,591 | ||||||
Stanley Black & Decker, Inc. 3.40%, 12/1/2021 (c) | 100,000 | 103,528 | ||||||
4,876,891 | ||||||||
MEDIA — 3.9% | ||||||||
CBS Corp.: | ||||||||
3.38%, 3/1/2022 (c) | 150,000 | 155,599 | ||||||
8.88%, 5/15/2019 | 145,000 | 197,627 | ||||||
CC Holdings GS V LLC 2.38%, 12/15/2017 (e) | 100,000 | 100,815 | ||||||
Comcast Corp.: | ||||||||
3.13%, 7/15/2022 (c) | 600,000 | 618,915 | ||||||
5.70%, 5/15/2018 | 1,015,000 | 1,218,740 | ||||||
6.50%, 1/15/2015 | 500,000 | 556,736 | ||||||
Cox Communications, Inc. 5.45%, 12/15/2014 | 160,000 | 174,891 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
3.13%, 2/15/2016 | 250,000 | 262,214 | ||||||
3.50%, 3/1/2016 | 250,000 | 265,271 | ||||||
3.55%, 3/15/2015 | 395,000 | 415,560 | ||||||
Series WI 3.80%, 3/15/2022 | 250,000 | 257,899 | ||||||
5.00%, 3/1/2021 | 150,000 | 166,452 | ||||||
5.20%, 3/15/2020 | 350,000 | 392,392 | ||||||
Discovery Communications LLC: | ||||||||
4.38%, 6/15/2021 | 100,000 | 112,209 | ||||||
5.05%, 6/1/2020 | 200,000 | 232,899 | ||||||
5.63%, 8/15/2019 | 100,000 | 118,981 | ||||||
NBCUniversal Media LLC: | ||||||||
3.65%, 4/30/2015 | 500,000 | 531,965 | ||||||
4.38%, 4/1/2021 | 250,000 | 279,854 | ||||||
5.15%, 4/30/2020 | 150,000 | 175,954 | ||||||
News America, Inc.: | ||||||||
4.50%, 2/15/2021 (c) | 200,000 | 227,704 | ||||||
6.90%, 3/1/2019 | 260,000 | 324,199 | ||||||
Omnicom Group, Inc.: | ||||||||
4.45%, 8/15/2020 | 250,000 | 280,923 | ||||||
6.25%, 7/15/2019 | 500,000 | 612,557 | ||||||
Reed Elsevier Capital, Inc.: | ||||||||
3.13%, 10/15/2022 (e) | 100,000 | 98,157 | ||||||
8.63%, 1/15/2019 | 150,000 | 193,912 | ||||||
The Interpublic Group of Cos., Inc.: | ||||||||
2.25%, 11/15/2017 (c) | 100,000 | 99,010 | ||||||
6.25%, 11/15/2014 | 100,000 | 108,750 | ||||||
The Walt Disney Co.: | ||||||||
3.75%, 6/1/2021 | 200,000 | 222,933 | ||||||
5.50%, 3/15/2019 | 500,000 | 600,118 | ||||||
The Washington Post Co. 7.25%, 2/1/2019 (c) | 100,000 | 119,494 | ||||||
Thomson Reuters Corp. 6.50%, 7/15/2018 | 405,000 | 504,516 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.00%, 9/1/2021 | 250,000 | 271,393 | ||||||
5.00%, 2/1/2020 | 500,000 | 573,786 | ||||||
5.85%, 5/1/2017 | 500,000 | 590,529 | ||||||
8.25%, 2/14/2014 | 500,000 | 541,408 | ||||||
Time Warner, Inc.: | ||||||||
4.88%, 3/15/2020 | 350,000 | 403,318 | ||||||
5.88%, 11/15/2016 | 490,000 | 573,641 | ||||||
Viacom, Inc.: | ||||||||
3.50%, 4/1/2017 | 100,000 | 108,132 | ||||||
4.50%, 3/1/2021 | 200,000 | 226,267 | ||||||
6.25%, 4/30/2016 | 400,000 | 464,089 | ||||||
Virgin Media Secured Finance PLC 5.25%, 1/15/2021 | 125,000 | 144,021 | ||||||
WPP Finance UK 5.88%, 6/15/2014 | 250,000 | 265,865 | ||||||
13,789,695 | ||||||||
METALS & MINING — 2.7% | ||||||||
Alcoa, Inc.: | ||||||||
5.40%, 4/15/2021 (c) | 250,000 | 257,431 | ||||||
6.15%, 8/15/2020 | 200,000 | 216,430 | ||||||
6.75%, 7/15/2018 | 205,000 | 233,121 | ||||||
AngloGold Ashanti Holdings PLC 5.13%, 8/1/2022 (c) | 250,000 | 253,353 | ||||||
Barrick Gold Corp.: | ||||||||
1.75%, 5/30/2014 | 45,000 | 45,566 | ||||||
2.90%, 5/30/2016 | 250,000 | 262,486 | ||||||
3.85%, 4/1/2022 | 250,000 | 263,590 | ||||||
6.95%, 4/1/2019 | 250,000 | 310,765 | ||||||
Barrick North America Finance LLC 4.40%, 5/30/2021 | 50,000 | 54,715 | ||||||
BHP Billiton Finance USA, Ltd.: | ||||||||
2.88%, 2/24/2022 | 300,000 | 312,464 | ||||||
3.25%, 11/21/2021 (c) | 250,000 | 268,014 | ||||||
5.25%, 12/15/2015 (c) | 500,000 | 563,902 | ||||||
5.50%, 4/1/2014 | 715,000 | 759,463 | ||||||
Cliffs Natural Resources, Inc.: | ||||||||
3.95%, 1/15/2018 | 250,000 | 251,503 | ||||||
4.88%, 4/1/2021 (c) | 100,000 | 98,844 | ||||||
Freeport-McMoRan Copper & Gold, Inc. 3.55%, 3/1/2022 | 500,000 | 494,313 | ||||||
Newmont Mining Corp. 3.50%, 3/15/2022 | 150,000 | 154,320 | ||||||
Nucor Corp. 5.75%, 12/1/2017 | 250,000 | 299,564 | ||||||
Rio Tinto Finance USA PLC 2.88%, 8/21/2022 (c) | 500,000 | 503,202 |
See accompanying notes to financial statements.
116
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Rio Tinto Finance USA, Ltd.: | ||||||||
2.25%, 9/20/2016 (c) | $ | 150,000 | $ | 155,508 | ||||
3.50%, 11/2/2020 | 400,000 | 425,452 | ||||||
3.75%, 9/20/2021 | 150,000 | 161,591 | ||||||
6.50%, 7/15/2018 | 300,000 | 374,792 | ||||||
8.95%, 5/1/2014 | 250,000 | 276,955 | ||||||
9.00%, 5/1/2019 | 300,000 | 412,129 | ||||||
Southern Copper Corp. 3.50%, 11/8/2022 (c) | 89,000 | 90,747 | ||||||
Teck Resources, Ltd. 3.75%, 2/1/2023 (c) | 500,000 | 511,292 | ||||||
Vale Overseas, Ltd.: | ||||||||
4.38%, 1/11/2022 | 100,000 | 106,746 | ||||||
5.63%, 9/15/2019 | 360,000 | 410,265 | ||||||
6.25%, 1/23/2017 | 500,000 | 575,657 | ||||||
Xstrata Canada Corp. 6.00%, 10/15/2015 | 150,000 | 168,135 | ||||||
9,272,315 | ||||||||
MULTI-UTILITIES — 1.0% | ||||||||
Dominion Resources, Inc.: | ||||||||
1.80%, 3/15/2014 | 600,000 | 607,888 | ||||||
4.45%, 3/15/2021 | 250,000 | 286,016 | ||||||
5.60%, 11/15/2016 | 300,000 | 350,209 | ||||||
MidAmerican Energy Holdings Co. 5.75%, 4/1/2018 | 490,000 | 591,539 | ||||||
NSTAR 4.50%, 11/15/2019 | 150,000 | 172,436 | ||||||
Sempra Energy: | ||||||||
6.15%, 6/15/2018 | 150,000 | 183,179 | ||||||
6.50%, 6/1/2016 | 395,000 | 458,862 | ||||||
Xcel Energy, Inc. 4.70%, 5/15/2020 | 650,000 | 760,162 | ||||||
3,410,291 | ||||||||
MULTILINE RETAIL — 0.4% | ||||||||
Kohl’s Corp. 4.00%, 11/1/2021 (c) | 150,000 | 157,827 | ||||||
Macy’s Retail Holdings, Inc.: | ||||||||
3.88%, 1/15/2022 (c) | 100,000 | 106,344 | ||||||
5.75%, 7/15/2014 | 200,000 | 214,143 | ||||||
7.88%, 7/15/2015 | 250,000 | 291,587 | ||||||
Nordstrom, Inc. 6.75%, 6/1/2014 | 450,000 | 488,090 | ||||||
Target Corp. 2.90%, 1/15/2022 (c) | 100,000 | 104,896 | ||||||
1,362,887 | ||||||||
OFFICE ELECTRONICS — 0.3% | ||||||||
Xerox Corp.: | ||||||||
4.25%, 2/15/2015 | 395,000 | 415,034 | ||||||
4.50%, 5/15/2021 (c) | 250,000 | 262,495 | ||||||
5.63%, 12/15/2019 | 350,000 | 394,477 | ||||||
1,072,006 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 8.6% | ||||||||
Anadarko Petroleum Corp.: | ||||||||
5.95%, 9/15/2016 | 550,000 | 633,231 | ||||||
6.95%, 6/15/2019 | 155,000 | 195,914 | ||||||
Apache Corp.: | ||||||||
3.25%, 4/15/2022 | 250,000 | 264,110 | ||||||
6.90%, 9/15/2018 | 300,000 | 386,048 | ||||||
Baker Hughes, Inc. 7.50%, 11/15/2018 | 185,000 | 245,127 | ||||||
Boardwalk Pipelines LP 5.75%, 9/15/2019 | 150,000 | 174,415 | ||||||
BP Capital Markets PLC: | ||||||||
1.85%, 5/5/2017 | 250,000 | 255,144 | ||||||
2.25%, 11/1/2016 | 250,000 | 259,914 | ||||||
2.50%, 11/6/2022 (c) | 350,000 | 346,160 | ||||||
3.20%, 3/11/2016 | 500,000 | 533,084 | ||||||
4.74%, 3/11/2021 (c) | 500,000 | 583,509 | ||||||
Buckeye Partners LP 4.88%, 2/1/2021 (c) | 250,000 | 257,190 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
3.45%, 11/15/2021 (c) | 250,000 | 267,617 | ||||||
5.70%, 5/15/2017 | 355,000 | 417,591 | ||||||
Cenovus Energy, Inc.: | ||||||||
3.00%, 8/15/2022 | 250,000 | 255,820 | ||||||
4.50%, 9/15/2014 | 250,000 | 265,404 | ||||||
CenterPoint Energy Resources Corp.: | ||||||||
4.50%, 1/15/2021 | 65,000 | 73,429 | ||||||
6.15%, 5/1/2016 | 250,000 | 287,508 | ||||||
Chevron Corp.: | ||||||||
1.10%, 12/5/2017 | 250,000 | 251,650 | ||||||
2.36%, 12/5/2022 | 500,000 | 500,350 | ||||||
4.95%, 3/3/2019 | 205,000 | 243,917 | ||||||
ConocoPhillips: | ||||||||
4.60%, 1/15/2015 | 150,000 | 162,132 | ||||||
5.75%, 2/1/2019 | 510,000 | 627,329 | ||||||
6.00%, 1/15/2020 | 250,000 | 317,289 | ||||||
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016 | 250,000 | 293,119 | ||||||
Devon Energy Corp. 2.40%, 7/15/2016 | 750,000 | 779,948 | ||||||
Diamond Offshore Drilling, Inc. 5.88%, 5/1/2019 | 145,000 | 179,265 | ||||||
El Paso Natural Gas Co. 5.95%, 4/15/2017 | 150,000 | 173,119 | ||||||
Enbridge Energy Partners LP 5.20%, 3/15/2020 | 250,000 | 282,848 | ||||||
Enbridge, Inc. 5.60%, 4/1/2017 | 250,000 | 287,075 | ||||||
EnCana Corp. 6.50%, 5/15/2019 | 310,000 | 383,912 | ||||||
Energy Transfer Partners LP: | ||||||||
5.20%, 2/1/2022 | 250,000 | 284,153 | ||||||
6.70%, 7/1/2018 | 250,000 | 301,268 | ||||||
8.50%, 4/15/2014 | 257,000 | 280,209 | ||||||
Ensco PLC: | ||||||||
3.25%, 3/15/2016 | 400,000 | 423,157 | ||||||
4.70%, 3/15/2021 | 125,000 | 141,643 | ||||||
Enterprise Products Operating LLC: | ||||||||
1.25%, 8/13/2015 | 399,000 | 401,852 | ||||||
3.20%, 2/1/2016 | 100,000 | 106,140 | ||||||
6.30%, 9/15/2017 | 360,000 | 436,089 | ||||||
9.75%, 1/31/2014 | 250,000 | 273,584 | ||||||
EOG Resources, Inc.: | ||||||||
2.95%, 6/1/2015 | 350,000 | 368,383 | ||||||
4.40%, 6/1/2020 | 500,000 | 578,706 |
See accompanying notes to financial statements.
117
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
EQT Corp. 8.13%, 6/1/2019 | $ | 150,000 | $ | 182,836 | ||||
Hess Corp. 8.13%, 2/15/2019 | 100,000 | 131,764 | ||||||
Husky Energy, Inc. 7.25%, 12/15/2019 | 250,000 | 324,694 | ||||||
Kinder Morgan Energy Partners LP: | ||||||||
4.15%, 3/1/2022 | 250,000 | 269,825 | ||||||
5.30%, 9/15/2020 | 200,000 | 233,721 | ||||||
6.00%, 2/1/2017 | 505,000 | 592,123 | ||||||
Magellan Midstream Partners LP 6.55%, 7/15/2019 | 150,000 | 185,956 | ||||||
Marathon Oil Corp.: | ||||||||
0.90%, 11/1/2015 | 150,000 | 150,115 | ||||||
6.00%, 10/1/2017 | 300,000 | 360,646 | ||||||
Marathon Petroleum Corp. 5.13%, 3/1/2021 (c) | 150,000 | 175,930 | ||||||
Murphy Oil Corp. 2.50%, 12/1/2017 | 200,000 | 201,230 | ||||||
Nexen, Inc. 6.20%, 7/30/2019 | 155,000 | 189,207 | ||||||
Noble Energy, Inc. 8.25%, 3/1/2019 | 150,000 | 197,521 | ||||||
Noble Holding International, Ltd.: | ||||||||
3.95%, 3/15/2022 | 250,000 | 262,862 | ||||||
4.90%, 8/1/2020 (c) | 200,000 | 225,642 | ||||||
Occidental Petroleum Corp.: | ||||||||
1.75%, 2/15/2017 | 200,000 | 205,498 | ||||||
2.50%, 2/1/2016 | 300,000 | 315,346 | ||||||
ONEOK Partners LP: | ||||||||
3.25%, 2/1/2016 | 50,000 | 52,608 | ||||||
3.38%, 10/1/2022 | 250,000 | 254,645 | ||||||
6.15%, 10/1/2016 | 150,000 | 174,642 | ||||||
ONEOK, Inc. 4.25%, 2/1/2022 | 150,000 | 161,478 | ||||||
Panhandle Eastern Pipeline Co. LP 6.20%, 11/1/2017 | 150,000 | 179,367 | ||||||
PC Financial Partnership 5.00%, 11/15/2014 | 250,000 | 268,972 | ||||||
Phillips 66: | ||||||||
2.95%, 5/1/2017 (e) | 350,000 | 370,658 | ||||||
4.30%, 4/1/2022 (e) | 500,000 | 558,699 | ||||||
Pioneer Natural Resources Co. 7.50%, 1/15/2020 | 250,000 | 318,750 | ||||||
Plains All American Pipeline LP/PAA Finance Corp.: | ||||||||
5.00%, 2/1/2021 | 250,000 | 288,616 | ||||||
5.75%, 1/15/2020 | 250,000 | 301,300 | ||||||
Rowan Cos., Inc. 7.88%, 8/1/2019 | 150,000 | 187,312 | ||||||
Shell International Finance BV: | ||||||||
1.13%, 8/21/2017 | 500,000 | 501,771 | ||||||
3.10%, 6/28/2015 | 150,000 | 159,059 | ||||||
4.00%, 3/21/2014 | 680,000 | 708,512 | ||||||
4.30%, 9/22/2019 | 350,000 | 402,859 | ||||||
Southern Natural Gas Co.: | ||||||||
4.40%, 6/15/2021 (c) | 250,000 | 277,010 | ||||||
5.90%, 4/1/2017 (e) | 250,000 | 292,682 | ||||||
Southwestern Energy Co. 4.10%, 3/15/2022 | 250,000 | 268,915 | ||||||
Spectra Energy Capital LLC 5.67%, 8/15/2014 | 250,000 | 267,458 | ||||||
Suncor Energy, Inc. 6.10%, 6/1/2018 | 150,000 | 183,869 | ||||||
Talisman Energy, Inc. 7.75%, 6/1/2019 | 150,000 | 193,971 | ||||||
Texas Gas Transmission LLC 4.60%, 6/1/2015 | 250,000 | 266,156 | ||||||
Total Capital Canada, Ltd. 1.63%, 1/28/2014 | 250,000 | 253,139 | ||||||
Total Capital International SA: | ||||||||
1.55%, 6/28/2017 (c) | 100,000 | 101,453 | ||||||
2.88%, 2/17/2022 | 150,000 | 155,845 | ||||||
Total Capital SA: | ||||||||
3.00%, 6/24/2015 | 250,000 | 264,099 | ||||||
3.13%, 10/2/2015 | 300,000 | 319,353 | ||||||
4.13%, 1/28/2021 (c) | 250,000 | 282,521 | ||||||
TransCanada PipeLines, Ltd.: | ||||||||
0.88%, 3/2/2015 | 150,000 | 150,459 | ||||||
2.50%, 8/1/2022 | 250,000 | 249,850 | ||||||
3.80%, 10/1/2020 (c) | 350,000 | 388,982 | ||||||
7.13%, 1/15/2019 | 150,000 | 190,811 | ||||||
Transocean, Inc.: | ||||||||
2.50%, 10/15/2017 | 250,000 | 252,627 | ||||||
4.95%, 11/15/2015 | 350,000 | 381,722 | ||||||
6.38%, 12/15/2021 | 250,000 | 303,408 | ||||||
Valero Energy Corp.: | ||||||||
6.13%, 6/15/2017 | 250,000 | 297,078 | ||||||
6.13%, 2/1/2020 (c) | 145,000 | 175,292 | ||||||
Weatherford International, Ltd. 5.13%, 9/15/2020 | 500,000 | 549,228 | ||||||
Western Gas Partners LP 4.00%, 7/1/2022 | 67,000 | 69,916 | ||||||
Williams Partners LP: | ||||||||
3.80%, 2/15/2015 | 265,000 | 280,353 | ||||||
4.00%, 11/15/2021 (c) | 150,000 | 160,434 | ||||||
4.13%, 11/15/2020 | 150,000 | 162,518 | ||||||
5.25%, 3/15/2020 | 250,000 | 287,997 | ||||||
29,899,662 | ||||||||
PAPER & FOREST PRODUCTS — 0.3% | ||||||||
Celulosa Arauco y Constitucion SA 5.63%, 4/20/2015 | 250,000 | 271,497 | ||||||
International Paper Co.: | ||||||||
7.50%, 8/15/2021 | 250,000 | 330,497 | ||||||
7.95%, 6/15/2018 | 250,000 | 320,306 | ||||||
9.38%, 5/15/2019 | 130,000 | 176,411 | ||||||
1,098,711 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. 4.20%, 7/15/2018 | 200,000 | 204,295 | ||||||
The Procter & Gamble Co. 1.45%, 8/15/2016 | 250,000 | 255,190 | ||||||
459,485 | ||||||||
See accompanying notes to financial statements.
118
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
PHARMACEUTICALS — 3.9% | ||||||||
AbbVie, Inc.: | ||||||||
1.20%, 11/6/2015 (e) | $ | 500,000 | $ | 503,466 | ||||
1.75%, 11/6/2017 (e) | 1,000,000 | 1,011,802 | ||||||
2.90%, 11/6/2022 (e) | 500,000 | 508,719 | ||||||
Allergan, Inc. 5.75%, 4/1/2016 | 200,000 | 229,839 | ||||||
Aristotle Holding, Inc.: | ||||||||
3.90%, 2/15/2022 (e) | 600,000 | 647,926 | ||||||
4.75%, 11/15/2021 (e) | 250,000 | 287,062 | ||||||
AstraZeneca PLC: | ||||||||
5.40%, 6/1/2014 | 250,000 | 266,708 | ||||||
5.90%, 9/15/2017 | 250,000 | 303,385 | ||||||
Bristol-Myers Squibb Co.: | ||||||||
2.00%, 8/1/2022 | 100,000 | 96,618 | ||||||
5.45%, 5/1/2018 | 350,000 | 419,278 | ||||||
Eli Lilly & Co. 5.20%, 3/15/2017 | 350,000 | 407,767 | ||||||
GlaxoSmithKline Capital PLC: | ||||||||
1.50%, 5/8/2017 | 350,000 | 354,341 | ||||||
2.85%, 5/8/2022 | 350,000 | 363,209 | ||||||
GlaxoSmithKline Capital, Inc.: | ||||||||
4.38%, 4/15/2014 | 200,000 | 209,936 | ||||||
5.65%, 5/15/2018 | 250,000 | 304,795 | ||||||
Johnson & Johnson 5.55%, 8/15/2017 | 350,000 | 421,463 | ||||||
Mead Johnson Nutrition Co. 4.90%, 11/1/2019 | 150,000 | 169,492 | ||||||
Medco Health Solutions, Inc. 7.13%, 3/15/2018 | 205,000 | 255,347 | ||||||
Merck & Co., Inc.: | ||||||||
2.40%, 9/15/2022 | 500,000 | 500,126 | ||||||
5.00%, 6/30/2019 | 310,000 | 367,500 | ||||||
Novartis Capital Corp.: | ||||||||
2.40%, 9/21/2022 | 500,000 | 500,122 | ||||||
4.13%, 2/10/2014 | 570,000 | 593,114 | ||||||
Novartis Securities Investment, Ltd. 5.13%, 2/10/2019 | 500,000 | 596,805 | ||||||
Pfizer, Inc.: | ||||||||
5.35%, 3/15/2015 | 350,000 | 385,940 | ||||||
6.20%, 3/15/2019 | 560,000 | 706,034 | ||||||
Sanofi: | ||||||||
1.20%, 9/30/2014 | 250,000 | 252,810 | ||||||
2.63%, 3/29/2016 | 300,000 | 314,868 | ||||||
4.00%, 3/29/2021 | 250,000 | 283,211 | ||||||
Schering-Plough Corp. 6.00%, 9/15/2017 | 250,000 | 305,166 | ||||||
Teva Pharmaceutical Finance Co. BV: | ||||||||
2.40%, 11/10/2016 | 250,000 | 260,636 | ||||||
3.65%, 11/10/2021 | 300,000 | 320,435 | ||||||
Teva Pharmaceutical Finance II BV/Teva Pharmaceutical Finance III LLC 3.00%, 6/15/2015 | 250,000 | 262,830 | ||||||
Watson Pharmaceuticals, Inc. 1.88%, 10/1/2017 | 500,000 | 505,194 | ||||||
Wyeth: | ||||||||
5.45%, 4/1/2017 | 350,000 | 413,577 | ||||||
5.50%, 2/1/2014 | 250,000 | 263,620 | ||||||
13,593,141 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.9% | ||||||||
AvalonBay Communities, Inc. 5.75%, 9/15/2016 | 100,000 | 114,031 | ||||||
BioMed Realty LP 4.25%, 7/15/2022 | 250,000 | 260,791 | ||||||
Boston Properties LP: | ||||||||
5.63%, 4/15/2015 | 250,000 | 274,584 | ||||||
5.63%, 11/15/2020 | 150,000 | 178,372 | ||||||
Brandywine Operating Partnership LP 4.95%, 4/15/2018 | 200,000 | 216,998 | ||||||
Camden Property Trust 4.63%, 6/15/2021 | 50,000 | 55,119 | ||||||
CommonWealth REIT 6.25%, 6/15/2017 | 100,000 | 109,623 | ||||||
Digital Realty Trust LP: | ||||||||
3.63%, 10/1/2022 | 250,000 | 248,526 | ||||||
5.25%, 3/15/2021 | 100,000 | 112,027 | ||||||
Duke Realty LP 7.38%, 2/15/2015 | 300,000 | 334,646 | ||||||
EPR Properties 5.75%, 8/15/2022 | 100,000 | 102,939 | ||||||
ERP Operating LP: | ||||||||
4.63%, 12/15/2021 | 250,000 | 278,960 | ||||||
5.75%, 6/15/2017 | 110,000 | 128,439 | ||||||
6.58%, 4/13/2015 | 250,000 | 279,904 | ||||||
Federal Realty Investment Trust 3.00%, 8/1/2022 | 100,000 | 100,430 | ||||||
HCP, Inc.: | ||||||||
2.70%, 2/1/2014 | 350,000 | 356,003 | ||||||
3.15%, 8/1/2022 (c) | 100,000 | 96,402 | ||||||
3.75%, 2/1/2016 | 55,000 | 58,259 | ||||||
5.38%, 2/1/2021 | 250,000 | 282,867 | ||||||
6.30%, 9/15/2016 | 150,000 | 173,115 | ||||||
Health Care REIT, Inc.: | ||||||||
2.25%, 3/15/2018 | 250,000 | 249,173 | ||||||
4.95%, 1/15/2021 | 350,000 | 385,367 | ||||||
6.20%, 6/1/2016 | 100,000 | 113,389 | ||||||
Healthcare Realty Trust, Inc. 6.50%, 1/17/2017 | 150,000 | 171,287 | ||||||
Hospitality Properties Trust: | ||||||||
6.30%, 6/15/2016 | 200,000 | 216,663 | ||||||
7.88%, 8/15/2014 | 100,000 | 105,675 | ||||||
Jones Lang LaSalle, Inc. 4.40%, 11/15/2022 | 100,000 | 102,028 | ||||||
Kilroy Realty LP 4.80%, 7/15/2018 | 250,000 | 274,725 | ||||||
Kimco Realty Corp. 6.88%, 10/1/2019 (c) | 100,000 | 122,166 | ||||||
Liberty Property LP 5.50%, 12/15/2016 | 250,000 | 280,416 | ||||||
Mack-Cali Realty LP 2.50%, 12/15/2017 (c) | 150,000 | 148,499 | ||||||
National Retail Properties, Inc. 3.80%, 10/15/2022 | 100,000 | 101,652 | ||||||
ProLogis LP 6.25%, 3/15/2017 | 400,000 | 454,090 |
See accompanying notes to financial statements.
119
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Realty Income Corp. 5.95%, 9/15/2016 | $ | 250,000 | $ | 285,895 | ||||
Regency Centers LP 5.88%, 6/15/2017 | 150,000 | 171,446 | ||||||
Simon Property Group LP: | ||||||||
2.15%, 9/15/2017 | 500,000 | 517,976 | ||||||
4.38%, 3/1/2021 | 150,000 | 168,803 | ||||||
5.10%, 6/15/2015 | 200,000 | 220,341 | ||||||
5.65%, 2/1/2020 | 550,000 | 653,391 | ||||||
5.88%, 3/1/2017 | 200,000 | 233,857 | ||||||
UDR, Inc.: | ||||||||
4.25%, 6/1/2018 | 200,000 | 219,042 | ||||||
4.63%, 1/10/2022 | 50,000 | 55,226 | ||||||
Ventas Realty LP/Ventas Capital Corp.: | ||||||||
2.00%, 2/15/2018 | 250,000 | 249,188 | ||||||
4.25%, 3/1/2022 | 150,000 | 159,179 | ||||||
4.75%, 6/1/2021 | 100,000 | 110,215 | ||||||
Vornado Realty LP 5.00%, 1/15/2022 | 150,000 | 165,506 | ||||||
Washington Real Estate Investment Trust 3.95%, 10/15/2022 | 100,000 | 102,825 | ||||||
Weingarten Realty Investors 3.38%, 10/15/2022 | 250,000 | 244,444 | ||||||
10,044,499 | ||||||||
ROAD & RAIL — 0.8% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
3.05%, 3/15/2022 | 350,000 | 362,029 | ||||||
3.45%, 9/15/2021 | 200,000 | 214,448 | ||||||
7.00%, 2/1/2014 | 250,000 | 266,817 | ||||||
Canadian National Railway Co.: | ||||||||
2.25%, 11/15/2022 | 100,000 | 99,340 | ||||||
5.55%, 3/1/2019 | 250,000 | 303,716 | ||||||
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022 | 150,000 | 166,480 | ||||||
CSX Corp.: | ||||||||
6.25%, 4/1/2015 | 250,000 | 279,407 | ||||||
7.38%, 2/1/2019 | 205,000 | 258,467 | ||||||
Norfolk Southern Corp. 5.90%, 6/15/2019 | 250,000 | 302,419 | ||||||
Ryder System, Inc. 3.15%, 3/2/2015 | 250,000 | 257,672 | ||||||
Union Pacific Corp. 5.13%, 2/15/2014 (c) | 365,000 | 383,009 | ||||||
2,893,804 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.6% | ||||||||
Applied Materials, Inc. 4.30%, 6/15/2021 | 100,000 | 112,047 | ||||||
Broadcom Corp. 2.70%, 11/1/2018 | 150,000 | 160,741 | ||||||
Intel Corp.: | ||||||||
1.35%, 12/15/2017 | 350,000 | 350,727 | ||||||
1.95%, 10/1/2016 | 150,000 | 155,250 | ||||||
2.70%, 12/15/2022 (c) | 250,000 | 250,063 | ||||||
3.30%, 10/1/2021 | 227,000 | 242,164 | ||||||
KLA-Tencor Corp. 6.90%, 5/1/2018 | 100,000 | 119,812 | ||||||
National Semiconductor Corp. 3.95%, 4/15/2015 | 150,000 | 160,508 | ||||||
Texas Instruments, Inc.: | ||||||||
0.45%, 8/3/2015 | 100,000 | 99,481 | ||||||
1.65%, 8/3/2019 (c) | 350,000 | 352,934 | ||||||
2,003,727 | ||||||||
SOFTWARE — 1.2% | ||||||||
Adobe Systems, Inc. 3.25%, 2/1/2015 | 200,000 | 209,455 | ||||||
BMC Software, Inc. 4.25%, 2/15/2022 | 150,000 | 151,158 | ||||||
CA, Inc. 6.13%, 12/1/2014 (c) | 150,000 | 163,947 | ||||||
Intuit, Inc. 5.75%, 3/15/2017 | 150,000 | 173,265 | ||||||
Microsoft Corp.: | ||||||||
2.50%, 2/8/2016 (c) | 250,000 | 262,867 | ||||||
2.95%, 6/1/2014 | 250,000 | 258,987 | ||||||
4.20%, 6/1/2019 | 435,000 | 500,927 | ||||||
Oracle Corp.: | ||||||||
1.20%, 10/15/2017 | 250,000 | 251,203 | ||||||
2.50%, 10/15/2022 | 500,000 | 504,465 | ||||||
3.75%, 7/8/2014 | 505,000 | 530,186 | ||||||
5.00%, 7/8/2019 | 400,000 | 479,849 | ||||||
5.75%, 4/15/2018 | 250,000 | 304,726 | ||||||
Symantec Corp.: | ||||||||
2.75%, 9/15/2015 (c) | 125,000 | 129,151 | ||||||
4.20%, 9/15/2020 | 350,000 | 367,687 | ||||||
4,287,873 | ||||||||
SPECIALTY RETAIL — 0.7% | ||||||||
Advance Auto Parts, Inc. 4.50%, 1/15/2022 | 50,000 | 52,250 | ||||||
AutoZone, Inc. 5.75%, 1/15/2015 | 300,000 | 328,351 | ||||||
Lowe’s Cos., Inc.: | ||||||||
2.13%, 4/15/2016 | 250,000 | 259,925 | ||||||
3.12%, 4/15/2022 (c) | 250,000 | 261,501 | ||||||
4.63%, 4/15/2020 | 125,000 | 142,622 | ||||||
O’Reilly Automotive, Inc. 4.63%, 9/15/2021 | 100,000 | 110,373 | ||||||
Staples, Inc. 9.75%, 1/15/2014 | 350,000 | 380,790 | ||||||
The Gap, Inc. 5.95%, 4/12/2021 | 250,000 | 285,097 | ||||||
The Home Depot, Inc.: | ||||||||
3.95%, 9/15/2020 | 250,000 | 283,750 | ||||||
5.40%, 3/1/2016 | 250,000 | 285,239 | ||||||
TJX Cos., Inc. 4.20%, 8/15/2015 | 150,000 | 161,368 | ||||||
2,551,266 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.3% | ||||||||
Murray Street Investment Trust I 4.65%, 3/9/2017 | 500,000 | 540,038 | ||||||
People’s United Financial, Inc. 3.65%, 12/6/2022 | 150,000 | 150,035 |
See accompanying notes to financial statements.
120
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Santander Holdings USA, Inc. 4.63%, 4/19/2016 | $ | 250,000 | $ | 264,143 | ||||
954,216 | ||||||||
TOBACCO — 1.1% | ||||||||
Altria Group, Inc.: | ||||||||
2.85%, 8/9/2022 | 500,000 | 493,897 | ||||||
4.13%, 9/11/2015 | 400,000 | 434,232 | ||||||
4.75%, 5/5/2021 | 400,000 | 451,416 | ||||||
9.70%, 11/10/2018 | 149,000 | 208,438 | ||||||
Lorillard Tobacco Co.: | ||||||||
2.30%, 8/21/2017 (c) | 100,000 | 101,027 | ||||||
3.50%, 8/4/2016 | 45,000 | 47,783 | ||||||
6.88%, 5/1/2020 (c) | 150,000 | 181,977 | ||||||
Philip Morris International, Inc.: | ||||||||
1.13%, 8/21/2017 | 350,000 | 349,030 | ||||||
2.90%, 11/15/2021 | 250,000 | 259,993 | ||||||
5.65%, 5/16/2018 | 500,000 | 605,708 | ||||||
6.88%, 3/17/2014 | 250,000 | 269,209 | ||||||
Reynolds American, Inc.: | ||||||||
1.05%, 10/30/2015 | 33,000 | 32,988 | ||||||
3.25%, 11/1/2022 | 250,000 | 252,157 | ||||||
7.63%, 6/1/2016 | 155,000 | 185,833 | ||||||
3,873,688 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.1% | ||||||||
Norfolk Southern Corp. 5.75%, 1/15/2016 | 150,000 | 170,709 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.8% | ||||||||
America Movil SAB de CV: | ||||||||
2.38%, 9/8/2016 | 250,000 | 259,242 | ||||||
3.13%, 7/16/2022 | 250,000 | 255,140 | ||||||
5.00%, 3/30/2020 | 350,000 | 407,735 | ||||||
5.50%, 3/1/2014 | 250,000 | 263,757 | ||||||
American Tower Corp.: | ||||||||
4.50%, 1/15/2018 | 350,000 | 382,658 | ||||||
4.63%, 4/1/2015 | 250,000 | 267,489 | ||||||
5.05%, 9/1/2020 | 100,000 | 111,428 | ||||||
AT&T, Inc.: | ||||||||
1.70%, 6/1/2017 | 250,000 | 253,884 | ||||||
2.95%, 5/15/2016 | 250,000 | 264,700 | ||||||
4.45%, 5/15/2021 | 650,000 | 753,340 | ||||||
5.10%, 9/15/2014 | 200,000 | 215,238 | ||||||
5.50%, 2/1/2018 | 798,000 | 951,648 | ||||||
BellSouth Corp. 5.20%, 9/15/2014 | 1,150,000 | 1,235,478 | ||||||
Cellco Partnership/Verizon Wireless Capital LLC: | ||||||||
5.55%, 2/1/2014 | 515,000 | 540,453 | ||||||
8.50%, 11/15/2018 | 310,000 | 426,561 | ||||||
Deutsche Telekom International Finance BV: | ||||||||
6.00%, 7/8/2019 | 250,000 | 305,755 | ||||||
6.75%, 8/20/2018 | 150,000 | 187,009 | ||||||
Deutsche Telekom International Finance BV 4.88%, 7/8/2014 | 115,000 | 121,788 | ||||||
France Telecom SA: | ||||||||
2.75%, 9/14/2016 | 200,000 | 208,848 | ||||||
4.38%, 7/8/2014 | 205,000 | 215,558 | ||||||
5.38%, 7/8/2019 | 200,000 | 234,432 | ||||||
Rogers Communications, Inc. 6.80%, 8/15/2018 | 430,000 | 540,099 | ||||||
Telecom Italia Capital SA: | ||||||||
6.18%, 6/18/2014 | 450,000 | 474,750 | ||||||
7.18%, 6/18/2019 (c) | 150,000 | 172,875 | ||||||
Telefonica Emisiones SAU: | ||||||||
3.99%, 2/16/2016 | 105,000 | 108,938 | ||||||
4.95%, 1/15/2015 | 500,000 | 522,500 | ||||||
5.13%, 4/27/2020 | 255,000 | 265,838 | ||||||
6.22%, 7/3/2017 | 250,000 | 276,563 | ||||||
Verizon Communications, Inc.: | ||||||||
3.00%, 4/1/2016 | 250,000 | 266,390 | ||||||
6.35%, 4/1/2019 | 800,000 | 1,010,613 | ||||||
Vodafone Group PLC: | ||||||||
1.25%, 9/26/2017 | 250,000 | 249,466 | ||||||
2.50%, 9/26/2022 | 250,000 | 248,988 | ||||||
4.15%, 6/10/2014 | 455,000 | 477,391 | ||||||
4.38%, 3/16/2021 (c) | 250,000 | 286,641 | ||||||
5.63%, 2/27/2017 | 450,000 | 527,747 | ||||||
13,290,940 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $325,879,365) | 342,844,860 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 4.8% | ||||||||
MONEY MARKET FUNDS — 4.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 13,389,858 | 13,389,858 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (g)(h) | 3,421,405 | 3,421,405 | ||||||
TOTAL SHORT TERM INVESTMENTS — (i) | ||||||||
(Cost $16,811,263) | 16,811,263 | |||||||
TOTAL INVESTMENTS — 102.8% (j) | ||||||||
(Cost $342,690,628) | 359,656,123 | |||||||
OTHER ASSETS & LIABILITIES — (2.8)% | (9,886,375 | ) | ||||||
NET ASSETS — 100.0% | $ | 349,769,748 | ||||||
See accompanying notes to financial statements.
121
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
(a) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | A portion of the security was on loan at December 31, 2012. | |||||
(d) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 2.0% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(f) | Investments of cash collateral for securities loaned. | |||||
(g) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(h) | The rate shown is the annualized seven-day yield at period end. | |||||
(i) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(j) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
122
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.2% | ||||||||
AEROSPACE & DEFENSE — 2.4% | ||||||||
General Dynamics Corp. 3.60%, 11/15/2042 | $ | 99,995 | $ | 96,498 | ||||
Honeywell International, Inc.: | ||||||||
5.38%, 3/1/2041 | 200,000 | 253,097 | ||||||
5.70%, 3/15/2036 | 100,000 | 129,550 | ||||||
Lockheed Martin Corp.: | ||||||||
4.07%, 12/15/2042 (a) | 260,000 | 255,521 | ||||||
6.15%, 9/1/2036 | 130,000 | 163,762 | ||||||
Northrop Grumman Systems Corp. 7.75%, 2/15/2031 | 150,000 | 216,438 | ||||||
Raytheon Co.: | ||||||||
4.70%, 12/15/2041 | 150,000 | 167,177 | ||||||
7.20%, 8/15/2027 | 50,000 | 68,753 | ||||||
The Boeing Co.: | ||||||||
6.63%, 2/15/2038 | 115,000 | 166,644 | ||||||
6.88%, 3/15/2039 | 200,000 | 300,310 | ||||||
United Technologies Corp.: | ||||||||
4.50%, 6/1/2042 | 347,000 | 384,763 | ||||||
5.40%, 5/1/2035 | 300,000 | 365,324 | ||||||
5.70%, 4/15/2040 | 100,000 | 129,530 | ||||||
6.05%, 6/1/2036 | 100,000 | 129,591 | ||||||
6.13%, 7/15/2038 | 230,000 | 304,338 | ||||||
3,131,296 | ||||||||
AIR FREIGHT & LOGISTICS — 0.4% | ||||||||
FedEx Corp. 3.88%, 8/1/2042 (b) | 41,000 | 39,931 | ||||||
United Parcel Service, Inc.: | ||||||||
4.88%, 11/15/2040 | 100,000 | 115,819 | ||||||
6.20%, 1/15/2038 | 225,000 | 303,867 | ||||||
459,617 | ||||||||
AIRLINES — 0.2% | ||||||||
Continental Airlines 2012-1 Pass Through Trust, Class A 4.15%, 10/11/2025 | 150,000 | 157,688 | ||||||
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 6/3/2025 | 100,000 | 102,000 | ||||||
259,688 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc.: | ||||||||
5.25%, 12/1/2041 | 50,000 | 56,182 | ||||||
5.70%, 3/1/2041 | 50,000 | 59,285 | ||||||
115,467 | ||||||||
AUTOMOBILES — 0.6% | ||||||||
Daimler Finance North America LLC 8.50%, 1/18/2031 | 177,000 | 273,323 | ||||||
Ford Motor Co. 7.45%, 7/16/2031 | 400,000 | 508,000 | ||||||
781,323 | ||||||||
BEVERAGES — 1.7% | ||||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
3.75%, 7/15/2042 | 324,000 | 322,476 | ||||||
6.38%, 1/15/2040 (b) | 190,000 | 267,074 | ||||||
8.00%, 11/15/2039 | 200,000 | 325,080 | ||||||
Brown-Forman Corp. 3.75%, 1/15/2043 | 90,000 | 91,357 | ||||||
Diageo Investment Corp.: | ||||||||
4.25%, 5/11/2042 | 35,000 | 36,962 | ||||||
7.45%, 4/15/2035 | 150,000 | 223,624 | ||||||
Molson Coors Brewing Co. 5.00%, 5/1/2042 | 250,000 | 275,599 | ||||||
PepsiAmericas, Inc. 5.50%, 5/15/2035 | 100,000 | 122,769 | ||||||
PepsiCo, Inc.: | ||||||||
4.00%, 3/5/2042 | 100,000 | 102,674 | ||||||
4.88%, 11/1/2040 | 150,000 | 175,359 | ||||||
5.50%, 1/15/2040 | 200,000 | 252,137 | ||||||
2,195,111 | ||||||||
BIOTECHNOLOGY — 1.1% | ||||||||
Amgen, Inc.: | ||||||||
5.15%, 11/15/2041 | 350,000 | 397,243 | ||||||
5.38%, 5/15/2043 (b) | 375,000 | 444,093 | ||||||
6.38%, 6/1/2037 | 150,000 | 189,413 | ||||||
6.40%, 2/1/2039 | 150,000 | 191,400 | ||||||
Genentech, Inc. 5.25%, 7/15/2035 | 100,000 | 119,674 | ||||||
Gilead Sciences, Inc. 5.65%, 12/1/2041 | 100,000 | 124,960 | ||||||
1,466,783 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Owens Corning: | ||||||||
4.20%, 12/15/2022 | 100,000 | 101,231 | ||||||
7.00%, 12/1/2036 | 41,000 | 45,462 | ||||||
146,693 | ||||||||
CAPITAL MARKETS — 2.2% | ||||||||
Jefferies Group, Inc.: | ||||||||
6.25%, 1/15/2036 | 50,000 | 51,875 | ||||||
6.45%, 6/8/2027 | 100,000 | 106,250 | ||||||
Morgan Stanley: | ||||||||
6.25%, 8/9/2026 | 100,000 | 116,026 | ||||||
6.38%, 7/24/2042 | 300,000 | 349,050 | ||||||
7.25%, 4/1/2032 | 100,000 | 123,666 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
5.95%, 1/15/2027 | 100,000 | 107,955 | ||||||
6.13%, 2/15/2033 (b) | 450,000 | 524,666 | ||||||
6.25%, 2/1/2041 | 430,000 | 523,571 | ||||||
6.45%, 5/1/2036 | 250,000 | 273,102 | ||||||
6.75%, 10/1/2037 | 522,000 | 592,170 | ||||||
2,768,331 | ||||||||
CHEMICALS — 1.4% | ||||||||
Agrium, Inc. 6.13%, 1/15/2041 | 125,000 | 151,557 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
4.90%, 1/15/2041 | 100,000 | 119,718 | ||||||
5.60%, 12/15/2036 | 100,000 | 127,285 | ||||||
Ecolab, Inc. 5.50%, 12/8/2041 | 100,000 | 119,822 | ||||||
Monsanto Co.: | ||||||||
3.60%, 7/15/2042 | 37,000 | 36,562 | ||||||
5.88%, 4/15/2038 | 100,000 | 134,186 |
See accompanying notes to financial statements.
123
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Potash Corp. of Saskatchewan, Inc.: | ||||||||
5.63%, 12/1/2040 | $ | 100,000 | $ | 124,314 | ||||
5.88%, 12/1/2036 | 100,000 | 125,180 | ||||||
Rohm & Haas Co. 7.85%, 7/15/2029 | 200,000 | 269,179 | ||||||
The Dow Chemical Co.: | ||||||||
4.38%, 11/15/2042 | 200,000 | 198,959 | ||||||
5.25%, 11/15/2041 | 100,000 | 112,180 | ||||||
9.40%, 5/15/2039 | 80,000 | 131,311 | ||||||
The Sherwin-Williams Co. 4.00%, 12/15/2042 | 100,000 | 100,232 | ||||||
1,750,485 | ||||||||
COMMERCIAL BANKS — 3.3% | ||||||||
Bank One Corp. 7.63%, 10/15/2026 | 200,000 | 268,691 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands 5.25%, 5/24/2041 | 250,000 | 292,070 | ||||||
Fifth Third Bancorp 8.25%, 3/1/2038 | 100,000 | 141,147 | ||||||
HSBC Bank USA NA 5.88%, 11/1/2034 | 250,000 | 290,700 | ||||||
HSBC Holdings PLC: | ||||||||
6.10%, 1/14/2042 | 300,000 | 396,555 | ||||||
6.50%, 5/2/2036 | 300,000 | 369,815 | ||||||
6.50%, 9/15/2037 | 170,000 | 209,369 | ||||||
6.80%, 6/1/2038 (b) | 150,000 | 191,770 | ||||||
7.63%, 5/17/2032 | 100,000 | 131,933 | ||||||
JPMorgan Chase & Co. 5.60%, 7/15/2041 | 350,000 | 432,618 | ||||||
NBD Bank NA/Michigan 8.25%, 11/1/2024 | 100,000 | 139,781 | ||||||
Wachovia Bank NA: | ||||||||
5.85%, 2/1/2037 | 200,000 | 248,760 | ||||||
6.60%, 1/15/2038 | 350,000 | 478,883 | ||||||
Wachovia Corp.: | ||||||||
5.50%, 8/1/2035 | 100,000 | 114,447 | ||||||
7.50%, 4/15/2035 | 300,000 | 401,232 | ||||||
Wells Fargo Capital X 5.95%, 12/15/2036 | 100,000 | 101,500 | ||||||
4,209,271 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.6% | ||||||||
Republic Services, Inc. 4.75%, 5/15/2023 | 200,000 | 229,131 | ||||||
The ADT Corp. 4.88%, 7/15/2042 (a) | 100,000 | 94,738 | ||||||
Waste Management, Inc. 7.75%, 5/15/2032 | 300,000 | 421,423 | ||||||
745,292 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.7% | ||||||||
Cisco Systems, Inc.: | ||||||||
5.50%, 1/15/2040 | 150,000 | 186,210 | ||||||
5.90%, 2/15/2039 | 395,000 | 506,336 | ||||||
Harris Corp. 6.15%, 12/15/2040 | 50,000 | 59,231 | ||||||
Juniper Networks, Inc. 5.95%, 3/15/2041 | 100,000 | 113,014 | ||||||
Motorola Solutions, Inc. 7.50%, 5/15/2025 | 50,000 | 64,402 | ||||||
929,193 | ||||||||
COMPUTERS & PERIPHERALS — 0.3% | ||||||||
Dell, Inc.: | ||||||||
6.50%, 4/15/2038 | 150,000 | 176,621 | ||||||
7.10%, 4/15/2028 (b) | 50,000 | 60,365 | ||||||
Hewlett-Packard Co. 6.00%, 9/15/2041 (b) | 175,000 | 173,174 | ||||||
410,160 | ||||||||
CONSTRUCTION & ENGINEERING — 0.1% | ||||||||
ABB Finance USA, Inc. 4.38%, 5/8/2042 | 160,000 | 172,432 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 6.2% | ||||||||
American Express Co. 4.05%, 12/3/2042 (a) | 135,000 | 136,724 | ||||||
Aon Corp. 6.25%, 9/30/2040 | 50,000 | 64,769 | ||||||
Bank of America Corp. 5.88%, 2/7/2042 | 375,000 | 466,954 | ||||||
Citigroup, Inc.: | ||||||||
5.85%, 12/11/2034 | 71,000 | 85,095 | ||||||
5.88%, 5/29/2037 | 100,000 | 119,797 | ||||||
5.88%, 1/30/2042 | 100,000 | 122,615 | ||||||
6.00%, 10/31/2033 | 200,000 | 214,191 | ||||||
6.13%, 8/25/2036 | 150,000 | 163,853 | ||||||
6.63%, 6/15/2032 | 150,000 | 171,434 | ||||||
6.88%, 3/5/2038 | 430,000 | 565,133 | ||||||
8.13%, 7/15/2039 | 400,000 | 596,252 | ||||||
Credit Suisse USA, Inc. 7.13%, 7/15/2032 | 100,000 | 141,637 | ||||||
General Electric Capital Corp.: | ||||||||
5.88%, 1/14/2038 | 510,000 | 616,726 | ||||||
6.75%, 3/15/2032 | 580,000 | 753,077 | ||||||
6.88%, 1/10/2039 | 580,000 | 781,566 | ||||||
General Electric Capital Corp., Series A 6.15%, 8/7/2037 | 500,000 | 623,991 | ||||||
General Electric Capital Services, Inc. 7.50%, 8/21/2035 | 100,000 | 140,048 | ||||||
Goldman Sachs Capital I 6.35%, 2/15/2034 (b) | 200,000 | 209,000 | ||||||
HJ Heinz Finance Co. 6.75%, 3/15/2032 | 50,000 | 63,411 | ||||||
JPMorgan Chase & Co.: | ||||||||
5.50%, 10/15/2040 | 200,000 | 243,270 | ||||||
6.40%, 5/15/2038 | 285,000 | 380,828 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
6.11%, 1/29/2037 | 265,000 | 287,294 | ||||||
6.75%, 6/1/2028 | 150,000 | 179,294 | ||||||
7.75%, 5/14/2038 | 120,000 | 155,556 | ||||||
National Rural Utilities Cooperative Finance Corp. 8.00%, 3/1/2032 | 175,000 | 261,138 | ||||||
Raymond James Financial, Inc. 5.63%, 4/1/2024 | 100,000 | 110,332 |
See accompanying notes to financial statements.
124
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
The Western Union Co. 6.20%, 11/17/2036 (b) | $ | 100,000 | $ | 99,664 | ||||
UBS AG of Stamford, CT 7.75%, 9/1/2026 | 100,000 | 129,934 | ||||||
7,883,583 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.2% | ||||||||
AT&T, Inc.: | ||||||||
5.55%, 8/15/2041 (b) | 350,000 | 414,722 | ||||||
6.40%, 5/15/2038 | 100,000 | 128,088 | ||||||
6.50%, 9/1/2037 | 100,000 | 128,784 | ||||||
British Telecommunications PLC 9.63%, 12/15/2030 | 400,000 | 632,046 | ||||||
CenturyLink, Inc.: | ||||||||
7.60%, 9/15/2039 | 150,000 | 154,755 | ||||||
7.65%, 3/15/2042 | 150,000 | 156,720 | ||||||
Qwest Corp. 7.25%, 10/15/2035 (b) | 100,000 | 103,300 | ||||||
Verizon Communications, Inc.: | ||||||||
4.75%, 11/1/2041 | 300,000 | 336,813 | ||||||
5.85%, 9/15/2035 | 200,000 | 250,476 | ||||||
6.00%, 4/1/2041 | 250,000 | 327,685 | ||||||
6.25%, 4/1/2037 | 250,000 | 326,263 | ||||||
7.75%, 12/1/2030 | 570,000 | 829,721 | ||||||
Verizon Maryland, Inc. 5.13%, 6/15/2033 | 150,000 | 159,818 | ||||||
Verizon New York, Inc., Series A 7.38%, 4/1/2032 | 100,000 | 133,226 | ||||||
4,082,417 | ||||||||
ELECTRIC UTILITIES — 11.1% | ||||||||
Alabama Power Co.: | ||||||||
5.20%, 6/1/2041 | 100,000 | 120,137 | ||||||
6.00%, 3/1/2039 | 150,000 | 197,605 | ||||||
6.13%, 5/15/2038 | 170,000 | 225,712 | ||||||
Appalachian Power Co.: | ||||||||
5.80%, 10/1/2035 | 50,000 | 59,781 | ||||||
6.70%, 8/15/2037 | 100,000 | 130,278 | ||||||
Arizona Public Service Co. 4.50%, 4/1/2042 | 100,000 | 104,521 | ||||||
CenterPoint Energy Houston Electric LLC 3.55%, 8/1/2042 | 100,000 | 94,787 | ||||||
Commonwealth Edison Co. 3.80%, 10/1/2042 | 150,000 | 146,681 | ||||||
Commonwealth Edison Co., Series 1 5.90%, 3/15/2036 | 100,000 | 128,074 | ||||||
Consolidated Edison Co. of New York, Inc.: | ||||||||
4.20%, 3/15/2042 | 75,000 | 79,216 | ||||||
5.50%, 12/1/2039 | 75,000 | 93,775 | ||||||
5.70%, 12/1/2036 | 230,000 | 292,053 | ||||||
5.70%, 6/15/2040 | 50,000 | 64,319 | ||||||
6.30%, 8/15/2037 | 50,000 | 67,172 | ||||||
Duke Energy Carolinas LLC: | ||||||||
4.25%, 12/15/2041 | 225,000 | 236,214 | ||||||
6.00%, 1/15/2038 | 150,000 | 192,224 | ||||||
6.10%, 6/1/2037 | 100,000 | 125,693 | ||||||
Duke Energy Indiana, Inc. 6.45%, 4/1/2039 | 380,000 | 504,389 | ||||||
Entergy Louisiana LLC 5.40%, 11/1/2024 | 100,000 | 118,307 | ||||||
Exelon Corp. 5.63%, 6/15/2035 | 200,000 | 223,214 | ||||||
Exelon Generation Co. LLC: | ||||||||
5.60%, 6/15/2042 (a) | 160,000 | 170,857 | ||||||
6.25%, 10/1/2039 | 170,000 | 195,711 | ||||||
FirstEnergy Corp. 7.38%, 11/15/2031 | 200,000 | 256,238 | ||||||
FirstEnergy Solutions Corp. 6.80%, 8/15/2039 (b) | 100,000 | 112,344 | ||||||
Florida Power & Light Co.: | ||||||||
3.80%, 12/15/2042 | 100,000 | 101,320 | ||||||
4.05%, 6/1/2042 | 100,000 | 104,785 | ||||||
4.13%, 2/1/2042 | 200,000 | 211,395 | ||||||
5.25%, 2/1/2041 | 250,000 | 307,853 | ||||||
5.69%, 3/1/2040 | 115,000 | 148,684 | ||||||
6.20%, 6/1/2036 | 150,000 | 201,346 | ||||||
Florida Power Corp.: | ||||||||
6.35%, 9/15/2037 | 100,000 | 131,433 | ||||||
6.40%, 6/15/2038 | 80,000 | 106,193 | ||||||
Georgia Power Co.: | ||||||||
4.30%, 3/15/2042 | 100,000 | 103,791 | ||||||
4.75%, 9/1/2040 | 225,000 | 248,004 | ||||||
Iberdrola International BV 6.75%, 7/15/2036 | 100,000 | 106,419 | ||||||
Interstate Power & Light Co. 6.25%, 7/15/2039 | 50,000 | 66,048 | ||||||
John Sevier Combined Cycle Generation LLC 4.63%, 1/15/2042 | 993 | 1,131 | ||||||
Kansas City Power & Light Co.: | ||||||||
5.30%, 10/1/2041 | 50,000 | 55,699 | ||||||
6.05%, 11/15/2035 | 100,000 | 121,560 | ||||||
Kentucky Utilities Co. 5.13%, 11/1/2040 (b) | 75,000 | 90,694 | ||||||
MidAmerican Energy Holdings Co.: | ||||||||
5.75%, 11/1/2035 | 100,000 | 125,573 | ||||||
8.48%, 9/15/2028 | 125,000 | 183,355 | ||||||
Mississippi Power Co. 4.25%, 3/15/2042 | 100,000 | 102,080 | ||||||
Nevada Power Co. 5.38%, 9/15/2040 | 175,000 | 209,230 | ||||||
Nisource Finance Corp.: | ||||||||
5.25%, 2/15/2043 | 100,000 | 105,854 | ||||||
5.95%, 6/15/2041 | 100,000 | 114,729 | ||||||
Northern States Power Co.: | ||||||||
3.40%, 8/15/2042 | 250,000 | 232,875 | ||||||
5.35%, 11/1/2039 | 50,000 | 61,739 | ||||||
Oglethorpe Power Corp.: | ||||||||
5.38%, 11/1/2040 | 65,000 | 75,963 | ||||||
5.95%, 11/1/2039 | 50,000 | 62,347 | ||||||
Ohio Edison Co. 6.88%, 7/15/2036 | 100,000 | 131,173 | ||||||
Ohio Power Co. 6.60%, 2/15/2033 | 102,000 | 134,585 | ||||||
Oncor Electric Delivery Co. LLC: | ||||||||
7.00%, 5/1/2032 (b) | 150,000 | 192,896 | ||||||
7.50%, 9/1/2038 | 125,000 | 167,076 |
See accompanying notes to financial statements.
125
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Pacific Gas & Electric Co.: | ||||||||
5.40%, 1/15/2040 | $ | 50,000 | $ | 59,856 | ||||
5.80%, 3/1/2037 | 150,000 | 185,511 | ||||||
6.05%, 3/1/2034 | 700,000 | 898,101 | ||||||
PacifiCorp: | ||||||||
4.10%, 2/1/2042 | 125,000 | 128,738 | ||||||
6.00%, 1/15/2039 | 100,000 | 131,653 | ||||||
Potomac Electric Power Co. 7.90%, 12/15/2038 | 100,000 | 160,885 | ||||||
PPL Electric Utilities Corp.: | ||||||||
5.20%, 7/15/2041 | 105,000 | 126,803 | ||||||
6.25%, 5/15/2039 | 50,000 | 67,459 | ||||||
Progress Energy, Inc.: | ||||||||
6.00%, 12/1/2039 | 100,000 | 121,015 | ||||||
7.00%, 10/30/2031 | 200,000 | 256,268 | ||||||
7.75%, 3/1/2031 | 40,000 | 54,334 | ||||||
Public Service Co. of Colorado 6.25%, 9/1/2037 | 150,000 | 203,281 | ||||||
Public Service Electric & Gas Co.: | ||||||||
3.95%, 5/1/2042 | 100,000 | 102,672 | ||||||
5.50%, 3/1/2040 | 100,000 | 127,117 | ||||||
5.80%, 5/1/2037 | 100,000 | 130,119 | ||||||
Puget Sound Energy, Inc.: | ||||||||
4.43%, 11/15/2041 | 200,000 | 219,079 | ||||||
5.64%, 4/15/2041 | 100,000 | 127,192 | ||||||
5.80%, 3/15/2040 | 55,000 | 70,987 | ||||||
San Diego Gas & Electric Co.: | ||||||||
3.95%, 11/15/2041 | 25,000 | 25,892 | ||||||
4.30%, 4/1/2042 (b) | 100,000 | 109,129 | ||||||
5.35%, 5/15/2035 | 100,000 | 123,620 | ||||||
San Diego Gas & Electric Co., Series D 6.00%, 6/1/2026 | 100,000 | 132,972 | ||||||
South Carolina Electric & Gas Co.: | ||||||||
4.35%, 2/1/2042 | 50,000 | 52,556 | ||||||
5.30%, 5/15/2033 | 50,000 | 58,409 | ||||||
5.45%, 2/1/2041 (b) | 150,000 | 182,511 | ||||||
Southern California Edison Co.: | ||||||||
4.05%, 3/15/2042 | 250,000 | 259,672 | ||||||
5.95%, 2/1/2038 | 100,000 | 131,141 | ||||||
6.00%, 1/15/2034 | 200,000 | 259,007 | ||||||
Southern California Edison Co., Series G 5.75%, 4/1/2035 | 150,000 | 191,631 | ||||||
Southwestern Electric Power Co. 6.20%, 3/15/2040 | 130,000 | 160,299 | ||||||
Southwestern Public Service Co., Series F 6.00%, 10/1/2036 | 100,000 | 121,301 | ||||||
System Energy Resources, Inc. 4.10%, 4/1/2023 | 100,000 | 102,977 | ||||||
Tampa Electric Co. 6.55%, 5/15/2036 | 50,000 | 68,058 | ||||||
The Connecticut Light & Power Co. 6.35%, 6/1/2036 | 50,000 | 68,443 | ||||||
The Detroit Edison Co.: | ||||||||
3.95%, 6/15/2042 | 75,000 | 75,953 | ||||||
5.70%, 10/1/2037 | 50,000 | 63,490 | ||||||
The Toledo Edison Co. 6.15%, 5/15/2037 | 100,000 | 126,409 | ||||||
Union Electric Co. 8.45%, 3/15/2039 (b) | 100,000 | 164,253 | ||||||
Virginia Electric and Power Co. 6.00%, 5/15/2037 | 189,000 | 250,826 | ||||||
Westar Energy, Inc. 4.13%, 3/1/2042 | 100,000 | 102,546 | ||||||
Wisconsin Electric Power Co. 3.65%, 12/15/2042 | 150,000 | 146,611 | ||||||
Xcel Energy, Inc. 6.50%, 7/1/2036 | 100,000 | 133,661 | ||||||
14,227,569 | ||||||||
ELECTRICAL EQUIPMENT — 0.2% | ||||||||
Emerson Electric Co. 6.00%, 8/15/2032 | 150,000 | 194,207 | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.2% | ||||||||
Corning, Inc.: | ||||||||
4.75%, 3/15/2042 | 100,000 | 104,427 | ||||||
5.75%, 8/15/2040 | 75,000 | 88,717 | ||||||
7.25%, 8/15/2036 | 50,000 | 63,143 | ||||||
256,287 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.7% | ||||||||
Cameron International Corp. 5.95%, 6/1/2041 | 100,000 | 123,557 | ||||||
Halliburton Co.: | ||||||||
4.50%, 11/15/2041 | 100,000 | 109,756 | ||||||
6.70%, 9/15/2038 | 200,000 | 279,066 | ||||||
Weatherford International, Ltd. 6.50%, 8/1/2036 (b) | 125,000 | 139,155 | ||||||
Weatherford International, Ltd./Bermuda: | ||||||||
5.95%, 4/15/2042 | 150,000 | 161,360 | ||||||
6.75%, 9/15/2040 | 100,000 | 114,889 | ||||||
927,783 | ||||||||
FOOD & STAPLES RETAILING — 2.9% | ||||||||
CVS Caremark Corp.: | ||||||||
5.75%, 5/15/2041 | 200,000 | 246,257 | ||||||
6.13%, 9/15/2039 | 100,000 | 127,745 | ||||||
6.25%, 6/1/2027 | 100,000 | 132,305 | ||||||
Delhaize America LLC 9.00%, 4/15/2031 | 50,000 | 60,062 | ||||||
Safeway, Inc. 7.25%, 2/1/2031 | 150,000 | 162,245 | ||||||
Sysco Corp. 6.63%, 3/17/2039 | 100,000 | 144,976 | ||||||
The Kroger Co.: | ||||||||
5.40%, 7/15/2040 | 150,000 | 165,467 | ||||||
6.90%, 4/15/2038 | 100,000 | 128,349 | ||||||
7.50%, 4/1/2031 | 65,000 | 85,447 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
4.88%, 7/8/2040 (b) | 175,000 | 206,054 | ||||||
5.00%, 10/25/2040 | 250,000 | 297,540 | ||||||
5.25%, 9/1/2035 | 280,000 | 335,272 | ||||||
5.63%, 4/15/2041 | 350,000 | 454,563 | ||||||
5.88%, 4/5/2027 | 100,000 | 133,887 | ||||||
6.20%, 4/15/2038 | 100,000 | 135,251 | ||||||
6.50%, 8/15/2037 | 375,000 | 522,697 | ||||||
7.55%, 2/15/2030 | 250,000 | 366,129 |
See accompanying notes to financial statements.
126
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Walgreen Co. 4.40%, 9/15/2042 (b) | $ | 50,000 | $ | 50,192 | ||||
3,754,438 | ||||||||
FOOD PRODUCTS — 2.1% | ||||||||
Ahold Finance USA LLC 6.88%, 5/1/2029 | 100,000 | 128,933 | ||||||
Archer-Daniels-Midland Co.: | ||||||||
4.02%, 4/16/2043 (a) | 250,000 | 241,044 | ||||||
5.38%, 9/15/2035 | 100,000 | 118,281 | ||||||
Campbell Soup Co. 3.80%, 8/2/2042 | 58,000 | 56,227 | ||||||
ConAgra Foods, Inc. 7.13%, 10/1/2026 | 150,000 | 192,778 | ||||||
Kellogg Co., Series B 7.45%, 4/1/2031 | 100,000 | 139,916 | ||||||
Kraft Foods Group, Inc.: | ||||||||
6.50%, 2/9/2040 (a) | 250,000 | 324,240 | ||||||
6.88%, 1/26/2039 (a) | 100,000 | 133,846 | ||||||
Kraft Foods, Inc.: | ||||||||
5.00%, 6/4/2042 (a) | 150,000 | 166,719 | ||||||
6.50%, 2/9/2040 | 165,000 | 220,289 | ||||||
6.88%, 1/26/2039 | 145,000 | 198,186 | ||||||
7.00%, 8/11/2037 | 250,000 | 343,511 | ||||||
Ralcorp Holdings, Inc. 6.63%, 8/15/2039 | 150,000 | 177,533 | ||||||
The Hershey Co. 7.20%, 8/15/2027 | 50,000 | 70,696 | ||||||
Unilever Capital Corp. 5.90%, 11/15/2032 | 160,000 | 220,946 | ||||||
2,733,145 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Capital Corp. 5.88%, 3/15/2041 | 70,000 | 89,591 | ||||||
Southern California Gas Co. 3.75%, 9/15/2042 | 50,000 | 50,030 | ||||||
Southern Union Co. 7.60%, 2/1/2024 | 100,000 | 129,392 | ||||||
269,013 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.5% | ||||||||
Baxter International, Inc. 3.65%, 8/15/2042 | 100,000 | 96,028 | ||||||
Becton Dickinson and Co. 6.00%, 5/15/2039 | 100,000 | 134,873 | ||||||
Boston Scientific Corp. 7.38%, 1/15/2040 | 101,000 | 138,681 | ||||||
Covidien International Finance SA 6.55%, 10/15/2037 | 100,000 | 140,325 | ||||||
Medtronic, Inc. 5.55%, 3/15/2040 | 100,000 | 128,974 | ||||||
638,881 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.2% | ||||||||
Aetna, Inc.: | ||||||||
4.50%, 5/15/2042 | 190,000 | 200,247 | ||||||
6.63%, 6/15/2036 | 100,000 | 134,559 | ||||||
CIGNA Corp. 5.88%, 3/15/2041 | 250,000 | 305,678 | ||||||
Humana, Inc. 4.63%, 12/1/2042 | 107,000 | 106,973 | ||||||
Kaiser Foundation Hospitals 4.88%, 4/1/2042 | 100,000 | 110,823 | ||||||
McKesson Corp. 6.00%, 3/1/2041 | 50,000 | 65,365 | ||||||
Quest Diagnostics, Inc. 6.95%, 7/1/2037 | 75,000 | 97,095 | ||||||
UnitedHealth Group, Inc.: | ||||||||
4.38%, 3/15/2042 (b) | 50,000 | 51,791 | ||||||
5.80%, 3/15/2036 | 150,000 | 182,155 | ||||||
5.95%, 2/15/2041 | 100,000 | 126,015 | ||||||
6.63%, 11/15/2037 | 100,000 | 133,867 | ||||||
6.88%, 2/15/2038 | 315,000 | 429,225 | ||||||
WellPoint, Inc.: | ||||||||
3.30%, 1/15/2023 | 100,000 | 102,157 | ||||||
4.63%, 5/15/2042 | 100,000 | 103,241 | ||||||
4.65%, 1/15/2043 | 250,000 | 257,038 | ||||||
5.95%, 12/15/2034 | 150,000 | 178,345 | ||||||
6.38%, 6/15/2037 | 130,000 | 163,074 | ||||||
2,747,648 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.6% | ||||||||
Darden Restaurants, Inc. 6.80%, 10/15/2037 | 100,000 | 119,359 | ||||||
McDonald’s Corp.: | ||||||||
3.70%, 2/15/2042 (b) | 150,000 | 147,979 | ||||||
4.88%, 7/15/2040 | 75,000 | 88,314 | ||||||
6.30%, 3/1/2038 | 175,000 | 244,533 | ||||||
Yum! Brands, Inc. 6.88%, 11/15/2037 | 100,000 | 138,584 | ||||||
738,769 | ||||||||
HOUSEHOLD PRODUCTS — 0.6% | ||||||||
Colgate-Palmolive Co. 1.95%, 2/1/2023 | 50,000 | 48,667 | ||||||
Kimberly-Clark Corp. 5.30%, 3/1/2041 | 150,000 | 192,492 | ||||||
The Procter & Gamble Co.: | ||||||||
5.50%, 2/1/2034 | 100,000 | 129,179 | ||||||
5.55%, 3/5/2037 | 250,000 | 333,304 | ||||||
703,642 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
TransAlta Corp. 6.50%, 3/15/2040 | 100,000 | 102,490 | ||||||
INDUSTRIAL CONGLOMERATES — 0.7% | ||||||||
3M Co. 5.70%, 3/15/2037 | 150,000 | 203,673 | ||||||
General Electric Co. 4.13%, 10/9/2042 | 250,000 | 256,433 | ||||||
Koninklijke Philips Electronics NV: | ||||||||
5.00%, 3/15/2042 | 150,000 | 170,447 | ||||||
6.88%, 3/11/2038 | 100,000 | 136,009 | ||||||
Tyco Electronics Group SA 7.13%, 10/1/2037 | 100,000 | 132,984 | ||||||
899,546 | ||||||||
See accompanying notes to financial statements.
127
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
INSURANCE — 4.9% | ||||||||
ACE INA Holdings, Inc. 6.70%, 5/15/2036 | $ | 100,000 | $ | 137,421 | ||||
Aflac, Inc.: | ||||||||
6.45%, 8/15/2040 | 50,000 | 62,579 | ||||||
6.90%, 12/17/2039 | 18,000 | 23,595 | ||||||
American International Group, Inc.: | ||||||||
6.25%, 5/1/2036 | 325,000 | 421,939 | ||||||
6.25%, 3/15/2037 (c) | 100,000 | 105,000 | ||||||
8.18%, 5/15/2038 (d) | 400,000 | 521,000 | ||||||
Assurant, Inc. 6.75%, 2/15/2034 | 50,000 | 55,565 | ||||||
AXA SA 8.60%, 12/15/2030 (c) | 265,000 | 331,250 | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
4.40%, 5/15/2042 | 50,000 | 51,025 | ||||||
5.75%, 1/15/2040 | 100,000 | 121,647 | ||||||
Chubb Corp. 6.50%, 5/15/2038 | 170,000 | 233,083 | ||||||
Cincinnati Financial Corp. 6.92%, 5/15/2028 | 100,000 | 119,503 | ||||||
Endurance Specialty Holdings, Ltd. 7.00%, 7/15/2034 | 50,000 | 57,146 | ||||||
Genworth Financial, Inc. 6.50%, 6/15/2034 | 100,000 | 100,000 | ||||||
Hartford Financial Services Group, Inc.: | ||||||||
6.63%, 3/30/2040 | 100,000 | 125,313 | ||||||
6.63%, 4/15/2042 | 150,000 | 190,098 | ||||||
Lincoln National Corp.: | ||||||||
6.30%, 10/9/2037 | 100,000 | 118,396 | ||||||
7.00%, 6/15/2040 | 100,000 | 128,854 | ||||||
Marsh & McLennan Cos., Inc. 5.88%, 8/1/2033 (b) | 50,000 | 58,228 | ||||||
MetLife, Inc.: | ||||||||
4.13%, 8/13/2042 | 150,000 | 148,186 | ||||||
5.70%, 6/15/2035 | 300,000 | 362,711 | ||||||
6.38%, 6/15/2034 | 100,000 | 128,942 | ||||||
6.40%, 12/15/2036 (c) | 200,000 | 213,000 | ||||||
Principal Financial Group, Inc.: | ||||||||
3.13%, 5/15/2023 | 100,000 | 98,931 | ||||||
6.05%, 10/15/2036 (b) | 50,000 | 61,022 | ||||||
Protective Life Corp. 8.45%, 10/15/2039 | 100,000 | 128,785 | ||||||
Prudential Financial, Inc.: | ||||||||
5.63%, 5/12/2041 | 125,000 | 140,955 | ||||||
5.75%, 7/15/2033 | 75,000 | 84,276 | ||||||
6.63%, 12/1/2037 | 245,000 | 307,629 | ||||||
Prudential Financial, Inc., Series D 5.70%, 12/14/2036 | 150,000 | 169,172 | ||||||
Swiss Re Solutions Holding Corp. 7.00%, 2/15/2026 | 85,000 | 106,393 | ||||||
The Allstate Corp.: | ||||||||
5.20%, 1/15/2042 | 50,000 | 58,845 | ||||||
5.95%, 4/1/2036 | 130,000 | 165,213 | ||||||
6.13%, 12/15/2032 | 100,000 | 125,420 | ||||||
6.90%, 5/15/2038 | 100,000 | 139,009 | ||||||
The Progressive Corp.: | ||||||||
6.25%, 12/1/2032 | 50,000 | 63,924 | ||||||
6.63%, 3/1/2029 | 100,000 | 128,292 | ||||||
The Travelers Cos., Inc. 6.25%, 6/15/2037 | 180,000 | 239,520 | ||||||
Travelers Property Casualty Corp. 6.38%, 3/15/2033 | 150,000 | 196,650 | ||||||
Unum Group 5.75%, 8/15/2042 | 100,000 | 106,736 | ||||||
XL Group PLC 6.25%, 5/15/2027 | 100,000 | 117,477 | ||||||
6,252,730 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.1% | ||||||||
eBay, Inc. 4.00%, 7/15/2042 (b) | 100,000 | 97,019 | ||||||
IT SERVICES — 0.7% | ||||||||
International Business Machines Corp.: | ||||||||
5.60%, 11/30/2039 | 187,000 | 242,415 | ||||||
5.88%, 11/29/2032 | 150,000 | 198,802 | ||||||
6.50%, 1/15/2028 | 150,000 | 202,765 | ||||||
7.00%, 10/30/2025 | 100,000 | 143,702 | ||||||
SAIC, Inc. 5.95%, 12/1/2040 | 100,000 | 108,236 | ||||||
895,920 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Hasbro, Inc. 6.35%, 3/15/2040 | 50,000 | 61,466 | ||||||
Mattel, Inc. 5.45%, 11/1/2041 | 100,000 | 112,922 | ||||||
174,388 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.1% | ||||||||
Thermo Fisher Scientific, Inc. 3.15%, 1/15/2023 (b) | 150,000 | 154,607 | ||||||
MACHINERY — 1.2% | ||||||||
Caterpillar, Inc.: | ||||||||
3.80%, 8/15/2042 | 139,000 | 137,205 | ||||||
5.20%, 5/27/2041 (b) | 215,000 | 261,618 | ||||||
6.05%, 8/15/2036 | 100,000 | 132,492 | ||||||
Deere & Co.: | ||||||||
3.90%, 6/9/2042 | 250,000 | 255,403 | ||||||
5.38%, 10/16/2029 | 150,000 | 190,398 | ||||||
Dover Corp. 5.38%, 3/1/2041 | 50,000 | 63,209 | ||||||
Eaton Corp. 4.15%, 11/2/2042 (a) | 150,000 | 151,891 | ||||||
Illinois Tool Works, Inc.: | ||||||||
3.90%, 9/1/2042 (b) | 200,000 | 204,377 | ||||||
4.88%, 9/15/2041 | 25,000 | 29,258 | ||||||
Stanley Black & Decker, Inc. 5.20%, 9/1/2040 | 50,000 | 57,893 | ||||||
1,483,744 | ||||||||
MEDIA — 7.5% | ||||||||
CBS Corp.: | ||||||||
4.85%, 7/1/2042 | 100,000 | 103,549 | ||||||
5.50%, 5/15/2033 | 150,000 | 167,158 | ||||||
7.88%, 7/30/2030 | 125,000 | 170,717 | ||||||
Comcast Corp.: | ||||||||
4.65%, 7/15/2042 | 98,000 | 103,257 | ||||||
5.65%, 6/15/2035 | 100,000 | 117,297 |
See accompanying notes to financial statements.
128
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.40%, 5/15/2038 | $ | 150,000 | $ | 192,133 | ||||
6.40%, 3/1/2040 | 200,000 | 258,227 | ||||||
6.45%, 3/15/2037 (b) | 100,000 | 128,980 | ||||||
6.50%, 11/15/2035 | 150,000 | 193,163 | ||||||
6.55%, 7/1/2039 | 150,000 | 196,577 | ||||||
6.95%, 8/15/2037 | 260,000 | 352,947 | ||||||
7.05%, 3/15/2033 | 150,000 | 199,761 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
5.15%, 3/15/2042 | 100,000 | 101,105 | ||||||
6.00%, 8/15/2040 (b) | 250,000 | 274,102 | ||||||
6.38%, 3/1/2041 | 250,000 | 290,021 | ||||||
Discovery Communications LLC: | ||||||||
4.95%, 5/15/2042 | 175,000 | 186,967 | ||||||
6.35%, 6/1/2040 | 50,000 | 61,954 | ||||||
Grupo Televisa SA 6.63%, 3/18/2025 | 150,000 | 195,434 | ||||||
NBCUniversal Media LLC: | ||||||||
2.88%, 1/15/2023 | 250,000 | 249,957 | ||||||
4.45%, 1/15/2043 | 150,000 | 150,583 | ||||||
5.95%, 4/1/2041 | 200,000 | 243,290 | ||||||
6.40%, 4/30/2040 | 50,000 | 63,672 | ||||||
News America, Inc.: | ||||||||
6.15%, 3/1/2037 | 100,000 | 122,019 | ||||||
6.15%, 2/15/2041 | 300,000 | 379,842 | ||||||
6.20%, 12/15/2034 | 150,000 | 181,152 | ||||||
6.40%, 12/15/2035 | 400,000 | 496,393 | ||||||
6.65%, 11/15/2037 | 140,000 | 179,138 | ||||||
The Walt Disney Co.: | ||||||||
4.13%, 12/1/2041 | 50,000 | 53,232 | ||||||
4.38%, 8/16/2041 (b) | 50,000 | 56,150 | ||||||
7.00%, 3/1/2032 | 100,000 | 145,423 | ||||||
Thomson Reuters Corp. 5.85%, 4/15/2040 (b) | 50,000 | 63,068 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.50%, 9/15/2042 (b) | 200,000 | 195,285 | ||||||
5.50%, 9/1/2041 | 125,000 | 139,960 | ||||||
5.88%, 11/15/2040 | 150,000 | 173,744 | ||||||
6.55%, 5/1/2037 | 400,000 | 491,451 | ||||||
7.30%, 7/1/2038 | 305,000 | 409,465 | ||||||
Time Warner Cos., Inc. 6.95%, 1/15/2028 | 100,000 | 128,780 | ||||||
Time Warner Entertainment Co. LP 8.38%, 3/15/2023 | 150,000 | 211,545 | ||||||
Time Warner, Inc.: | ||||||||
4.90%, 6/15/2042 | 75,000 | 79,531 | ||||||
6.10%, 7/15/2040 | 150,000 | 184,214 | ||||||
6.20%, 3/15/2040 | 150,000 | 186,304 | ||||||
6.25%, 3/29/2041 | 100,000 | 126,372 | ||||||
6.50%, 11/15/2036 | 100,000 | 126,052 | ||||||
7.63%, 4/15/2031 | 490,000 | 681,223 | ||||||
7.70%, 5/1/2032 | 250,000 | 351,478 | ||||||
Viacom, Inc.: | ||||||||
4.38%, 3/15/2043 (a) | 212,000 | 210,196 | ||||||
6.88%, 4/30/2036 | 150,000 | 201,747 | ||||||
WPP Finance UK 5.13%, 9/7/2042 | 50,000 | 49,608 | ||||||
9,624,223 | ||||||||
METALS & MINING — 3.4% | ||||||||
Alcoa, Inc.: | ||||||||
5.90%, 2/1/2027 | 100,000 | 100,977 | ||||||
5.95%, 2/1/2037 (b) | 150,000 | 142,170 | ||||||
6.75%, 1/15/2028 | 50,000 | 51,788 | ||||||
Barrick Gold Corp. 5.25%, 4/1/2042 | 100,000 | 110,792 | ||||||
Barrick North America Finance LLC 5.70%, 5/30/2041 | 50,000 | 57,393 | ||||||
Barrick PD Australia Finance Pty Ltd. 5.95%, 10/15/2039 | 200,000 | 233,564 | ||||||
BHP Billiton Finance USA, Ltd. 4.13%, 2/24/2042 | 225,000 | 236,729 | ||||||
Cliffs Natural Resources, Inc. 6.25%, 10/1/2040 | 200,000 | 192,928 | ||||||
Newmont Mining Corp.: | ||||||||
4.88%, 3/15/2042 | 150,000 | 154,668 | ||||||
6.25%, 10/1/2039 | 190,000 | 229,722 | ||||||
Nucor Corp. 6.40%, 12/1/2037 (b) | 50,000 | 68,556 | ||||||
Rio Tinto Alcan, Inc.: | ||||||||
6.13%, 12/15/2033 | 165,000 | 212,318 | ||||||
7.25%, 3/15/2031 | 200,000 | 277,815 | ||||||
Rio Tinto Finance USA, Ltd. 5.20%, 11/2/2040 | 200,000 | 235,328 | ||||||
Southern Copper Corp. 6.75%, 4/16/2040 | 275,000 | 330,057 | ||||||
Teck Resources, Ltd.: | ||||||||
3.75%, 2/1/2023 (b) | 200,000 | 204,517 | ||||||
6.13%, 10/1/2035 | 50,000 | 57,021 | ||||||
6.25%, 7/15/2041 | 250,000 | 292,361 | ||||||
Vale Overseas, Ltd. 6.88%, 11/21/2036 | 620,000 | 773,291 | ||||||
Vale SA 5.63%, 9/11/2042 | 350,000 | 379,821 | ||||||
4,341,816 | ||||||||
MULTI-UTILITIES — 1.5% | ||||||||
Dominion Resources, Inc.: | ||||||||
4.05%, 9/15/2042 | 150,000 | 149,318 | ||||||
4.90%, 8/1/2041 | 100,000 | 113,457 | ||||||
5.25%, 8/1/2033 | 150,000 | 172,084 | ||||||
Dominion Resources, Inc., Series E 6.30%, 3/15/2033 | 150,000 | 191,970 | ||||||
MidAmerican Energy Holdings Co.: | ||||||||
5.95%, 5/15/2037 | 250,000 | 312,057 | ||||||
6.13%, 4/1/2036 | 280,000 | 354,308 | ||||||
6.50%, 9/15/2037 | 230,000 | 304,548 | ||||||
Nisource Finance Corp. 3.85%, 2/15/2023 | 100,000 | 103,345 | ||||||
Sempra Energy 6.00%, 10/15/2039 | 200,000 | 252,768 | ||||||
1,953,855 | ||||||||
MULTILINE RETAIL — 1.3% | ||||||||
Kohl’s Corp.: | ||||||||
6.00%, 1/15/2033 | 75,000 | 85,178 | ||||||
6.88%, 12/15/2037 | 100,000 | 126,959 | ||||||
Macy’s Retail Holdings, Inc.: | ||||||||
5.13%, 1/15/2042 | 100,000 | 108,689 |
See accompanying notes to financial statements.
129
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.65%, 7/15/2024 | $ | 125,000 | $ | 154,759 | ||||
6.70%, 7/15/2034 | 100,000 | 121,115 | ||||||
Nordstrom, Inc. 6.95%, 3/15/2028 | 150,000 | 196,468 | ||||||
Target Corp.: | ||||||||
4.00%, 7/1/2042 | 250,000 | 253,194 | ||||||
6.50%, 10/15/2037 | 100,000 | 137,580 | ||||||
7.00%, 1/15/2038 | 365,000 | 531,459 | ||||||
1,715,401 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 12.8% | ||||||||
Alberta Energy Co., Ltd. 7.38%, 11/1/2031 | 10,000 | 13,129 | ||||||
Anadarko Petroleum Corp.: | ||||||||
6.20%, 3/15/2040 (b) | 225,000 | 277,440 | ||||||
6.45%, 9/15/2036 | 200,000 | 250,477 | ||||||
Apache Corp.: | ||||||||
4.75%, 4/15/2043 | 150,000 | 161,891 | ||||||
5.10%, 9/1/2040 | 150,000 | 168,426 | ||||||
5.25%, 2/1/2042 | 50,000 | 57,261 | ||||||
6.00%, 1/15/2037 | 225,000 | 280,923 | ||||||
Baker Hughes, Inc. 5.13%, 9/15/2040 | 200,000 | 241,014 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
5.85%, 2/1/2035 | 100,000 | 120,882 | ||||||
6.25%, 3/15/2038 | 230,000 | 294,961 | ||||||
7.20%, 1/15/2032 | 100,000 | 136,219 | ||||||
Cenovus Energy, Inc. 6.75%, 11/15/2039 | 200,000 | 271,427 | ||||||
CenterPoint Energy Resources Corp. 5.85%, 1/15/2041 | 35,000 | 43,862 | ||||||
Conoco Funding Co. 7.25%, 10/15/2031 | 165,000 | 243,038 | ||||||
Conoco, Inc. 6.95%, 4/15/2029 | 165,000 | 227,032 | ||||||
ConocoPhillips 6.50%, 2/1/2039 | 475,000 | 665,559 | ||||||
Devon Energy Corp.: | ||||||||
4.75%, 5/15/2042 | 150,000 | 159,895 | ||||||
5.60%, 7/15/2041 | 200,000 | 235,685 | ||||||
7.95%, 4/15/2032 | 200,000 | 293,109 | ||||||
Devon Financing Corp. ULC 7.88%, 9/30/2031 | 65,000 | 94,195 | ||||||
El Paso Natural Gas Co. LLC 8.38%, 6/15/2032 | 100,000 | 140,472 | ||||||
Enbridge Energy Partners LP, Series B 7.50%, 4/15/2038 | 100,000 | 128,333 | ||||||
EnCana Corp.: | ||||||||
6.50%, 8/15/2034 | 350,000 | 433,477 | ||||||
6.50%, 2/1/2038 (b) | 50,000 | 63,032 | ||||||
6.63%, 8/15/2037 | 150,000 | 190,652 | ||||||
Energy Transfer Partners LP: | ||||||||
6.05%, 6/1/2041 | 75,000 | 85,670 | ||||||
6.50%, 2/1/2042 | 230,000 | 277,109 | ||||||
6.63%, 10/15/2036 | 50,000 | 59,453 | ||||||
Enterprise Products Operating LLC: | ||||||||
4.45%, 2/15/2043 (b) | 200,000 | 200,763 | ||||||
6.13%, 10/15/2039 | 350,000 | 426,957 | ||||||
6.65%, 10/15/2034 | 100,000 | 126,778 | ||||||
7.55%, 4/15/2038 | 115,000 | 158,342 | ||||||
EOG Resources, Inc. 2.63%, 3/15/2023 | 200,000 | 200,853 | ||||||
Hess Corp.: | ||||||||
5.60%, 2/15/2041 | 100,000 | 116,621 | ||||||
6.00%, 1/15/2040 | 50,000 | 60,798 | ||||||
7.13%, 3/15/2033 | 100,000 | 133,678 | ||||||
7.30%, 8/15/2031 | 165,000 | 221,655 | ||||||
7.88%, 10/1/2029 | 100,000 | 139,012 | ||||||
Husky Energy, Inc. 6.80%, 9/15/2037 | 50,000 | 65,986 | ||||||
Kerr-McGee Corp.: | ||||||||
6.95%, 7/1/2024 | 100,000 | 125,957 | ||||||
7.88%, 9/15/2031 | 150,000 | 198,116 | ||||||
Kinder Morgan Energy Partners LP: | ||||||||
3.45%, 2/15/2023 | 100,000 | 102,607 | ||||||
5.63%, 9/1/2041 | 100,000 | 114,021 | ||||||
6.38%, 3/1/2041 | 150,000 | 186,092 | ||||||
6.95%, 1/15/2038 | 225,000 | 292,032 | ||||||
7.40%, 3/15/2031 | 300,000 | 390,636 | ||||||
Marathon Oil Corp.: | ||||||||
6.60%, 10/1/2037 | 50,000 | 66,698 | ||||||
6.80%, 3/15/2032 | 150,000 | 198,052 | ||||||
Marathon Petroleum Corp. 6.50%, 3/1/2041 | 150,000 | 188,096 | ||||||
Nexen, Inc.: | ||||||||
5.88%, 3/10/2035 | 350,000 | 427,361 | ||||||
7.50%, 7/30/2039 | 165,000 | 240,733 | ||||||
Noble Energy, Inc. 6.00%, 3/1/2041 | 200,000 | 241,193 | ||||||
Noble Holding International, Ltd.: | ||||||||
5.25%, 3/15/2042 | 150,000 | 158,665 | ||||||
6.05%, 3/1/2041 | 50,000 | 58,504 | ||||||
Occidental Petroleum Corp. 2.70%, 2/15/2023 | 125,000 | 127,254 | ||||||
ONEOK Partners LP: | ||||||||
6.13%, 2/1/2041 (b) | 50,000 | 60,274 | ||||||
6.85%, 10/15/2037 | 100,000 | 126,506 | ||||||
Petro-Canada: | ||||||||
5.35%, 7/15/2033 | 100,000 | 113,834 | ||||||
6.80%, 5/15/2038 | 320,000 | 438,103 | ||||||
Phillips 66 5.88%, 5/1/2042 (a) | 150,000 | 181,263 | ||||||
Plains All American Pipeline LP/PAA Finance Corp.: | ||||||||
2.85%, 1/31/2023 | 100,000 | 98,982 | ||||||
4.30%, 1/31/2043 | 100,000 | 99,213 | ||||||
5.15%, 6/1/2042 (b) | 100,000 | 111,733 | ||||||
6.65%, 1/15/2037 | 50,000 | 64,584 | ||||||
Shell International Finance BV: | ||||||||
3.63%, 8/21/2042 | 150,000 | 148,876 | ||||||
5.50%, 3/25/2040 (b) | 150,000 | 193,129 | ||||||
6.38%, 12/15/2038 | 290,000 | 409,110 | ||||||
Southern Natural Gas Co. 8.00%, 3/1/2032 | 15,000 | 21,506 | ||||||
Suncor Energy, Inc. 6.85%, 6/1/2039 | 200,000 | 276,613 | ||||||
Talisman Energy, Inc.: | ||||||||
5.50%, 5/15/2042 | 200,000 | 224,076 | ||||||
6.25%, 2/1/2038 | 100,000 | 120,077 |
See accompanying notes to financial statements.
130
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Tennessee Gas Pipeline Co. 7.00%, 3/15/2027 | $ | 100,000 | $ | 134,252 | ||||
Texas Eastern Transmission LP 7.00%, 7/15/2032 | 100,000 | 135,823 | ||||||
Tosco Corp.: | ||||||||
7.80%, 1/1/2027 | 150,000 | 217,828 | ||||||
8.13%, 2/15/2030 | 150,000 | 219,567 | ||||||
Total Capital International SA 2.70%, 1/25/2023 | 150,000 | 152,830 | ||||||
TransCanada Pipelines, Ltd.: | ||||||||
5.85%, 3/15/2036 | 100,000 | 126,795 | ||||||
6.10%, 6/1/2040 | 100,000 | 132,814 | ||||||
6.20%, 10/15/2037 | 220,000 | 291,609 | ||||||
7.63%, 1/15/2039 | 165,000 | 248,142 | ||||||
Transcontinental Gas Pipe Line Co. LLC: | ||||||||
4.45%, 8/1/2042 | 22,000 | 22,631 | ||||||
5.40%, 8/15/2041 | 50,000 | 58,681 | ||||||
Transocean, Inc.: | ||||||||
6.80%, 3/15/2038 | 100,000 | 121,895 | ||||||
7.35%, 12/15/2041 | 100,000 | 131,505 | ||||||
7.50%, 4/15/2031 | 130,000 | 161,872 | ||||||
Valero Energy Corp.: | ||||||||
7.50%, 4/15/2032 | 225,000 | 291,547 | ||||||
10.50%, 3/15/2039 | 100,000 | 159,496 | ||||||
Williams Cos., Inc. 8.75%, 3/15/2032 | 200,000 | 277,165 | ||||||
Williams Partners LP 6.30%, 4/15/2040 | 200,000 | 242,687 | ||||||
16,397,101 | ||||||||
PAPER & FOREST PRODUCTS — 0.4% | ||||||||
Georgia-Pacific LLC 8.88%, 5/15/2031 | 200,000 | 301,111 | ||||||
International Paper Co.: | ||||||||
6.00%, 11/15/2041 | 100,000 | 119,944 | ||||||
8.70%, 6/15/2038 | 50,000 | 74,765 | ||||||
495,820 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
The Estee Lauder Cos., Inc.: | ||||||||
3.70%, 8/15/2042 (b) | 50,000 | 48,026 | ||||||
6.00%, 5/15/2037 | 100,000 | 129,533 | ||||||
177,559 | ||||||||
PHARMACEUTICALS — 4.7% | ||||||||
Abbott Laboratories: | ||||||||
5.30%, 5/27/2040 | 50,000 | 63,942 | ||||||
6.00%, 4/1/2039 | 175,000 | 235,861 | ||||||
AbbVie, Inc. 4.40%, 11/6/2042 (a) | 250,000 | 263,881 | ||||||
AstraZeneca PLC: | ||||||||
4.00%, 9/18/2042 | 100,000 | 101,278 | ||||||
6.45%, 9/15/2037 | 400,000 | 543,091 | ||||||
Bristol-Myers Squibb Co.: | ||||||||
3.25%, 8/1/2042 (b) | 71,000 | 65,566 | ||||||
5.88%, 11/15/2036 | 224,000 | 291,213 | ||||||
Eli Lilly & Co.: | ||||||||
5.50%, 3/15/2027 | 165,000 | 208,106 | ||||||
5.95%, 11/15/2037 | 100,000 | 131,555 | ||||||
Express Scripts Holding Co. 6.13%, 11/15/2041 (a)(b) | 175,000 | 224,874 | ||||||
GlaxoSmithKline Capital, Inc. 6.38%, 5/15/2038 | 480,000 | 662,882 | ||||||
Hospira, Inc. 5.60%, 9/15/2040 | 100,000 | 106,187 | ||||||
Johnson & Johnson: | ||||||||
4.50%, 9/1/2040 | 150,000 | 174,200 | ||||||
5.95%, 8/15/2037 | 75,000 | 102,914 | ||||||
6.73%, 11/15/2023 | 250,000 | 345,023 | ||||||
Merck & Co, Inc.: | ||||||||
5.85%, 6/30/2039 | 100,000 | 133,512 | ||||||
5.95%, 12/1/2028 | 100,000 | 129,031 | ||||||
6.30%, 1/1/2026 | 150,000 | 200,142 | ||||||
6.50%, 12/1/2033 | 200,000 | 285,591 | ||||||
6.55%, 9/15/2037 | 200,000 | 288,584 | ||||||
Pfizer, Inc. 7.20%, 3/15/2039 | 210,000 | 321,864 | ||||||
Teva Pharmaceutical Finance Co. LLC 6.15%, 2/1/2036 | 100,000 | 131,181 | ||||||
Wyeth: | ||||||||
5.95%, 4/1/2037 | 250,000 | 331,001 | ||||||
6.45%, 2/1/2024 | 125,000 | 166,843 | ||||||
6.50%, 2/1/2034 | 325,000 | 441,313 | ||||||
5,949,635 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.4% | ||||||||
Boston Properties LP 3.85%, 2/1/2023 | 200,000 | 210,947 | ||||||
HCP, Inc. 6.75%, 2/1/2041 | 100,000 | 126,448 | ||||||
Health Care REIT, Inc. 6.50%, 3/15/2041 | 86,000 | 99,145 | ||||||
Simon Property Group LP 6.75%, 2/1/2040 | 65,000 | 89,218 | ||||||
525,758 | ||||||||
ROAD & RAIL — 2.3% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
4.38%, 9/1/2042 | 100,000 | 104,224 | ||||||
4.40%, 3/15/2042 | 75,000 | 78,428 | ||||||
5.40%, 6/1/2041 | 150,000 | 178,685 | ||||||
5.75%, 5/1/2040 | 150,000 | 186,459 | ||||||
6.15%, 5/1/2037 | 100,000 | 129,963 | ||||||
7.95%, 8/15/2030 | 50,000 | 69,497 | ||||||
Canadian National Railway Co.: | ||||||||
6.38%, 11/15/2037 | 100,000 | 141,668 | ||||||
6.90%, 7/15/2028 | 95,000 | 129,638 | ||||||
Canadian Pacific Railway Co. 4.45%, 3/15/2023 | 100,000 | 110,834 | ||||||
Canadian Pacific Railway, Ltd. 5.75%, 1/15/2042 | 100,000 | 121,513 | ||||||
Con-way, Inc. 6.70%, 5/1/2034 | 50,000 | 53,383 | ||||||
CSX Corp.: | ||||||||
4.10%, 3/15/2044 | 111,000 | 108,577 | ||||||
4.40%, 3/1/2043 | 200,000 | 202,434 | ||||||
4.75%, 5/30/2042 | 115,000 | 123,057 | ||||||
6.22%, 4/30/2040 | 120,000 | 152,791 |
See accompanying notes to financial statements.
131
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Norfolk Southern Corp.: | ||||||||
2.90%, 2/15/2023 (a) | $ | 347,000 | $ | 348,694 | ||||
4.84%, 10/1/2041 | 250,000 | 282,007 | ||||||
6.00%, 3/15/2105 | 100,000 | 122,760 | ||||||
Union Pacific Corp.: | ||||||||
2.95%, 1/15/2023 | 50,000 | 51,300 | ||||||
4.30%, 6/15/2042 | 50,000 | 52,766 | ||||||
5.78%, 7/15/2040 | 200,000 | 250,274 | ||||||
2,998,952 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4% | ||||||||
Applied Materials, Inc. 5.85%, 6/15/2041 | 100,000 | 122,904 | ||||||
Intel Corp.: | ||||||||
4.00%, 12/15/2032 | 100,000 | 100,046 | ||||||
4.25%, 12/15/2042 | 100,000 | 101,937 | ||||||
4.80%, 10/1/2041 | 164,000 | 178,118 | ||||||
503,005 | ||||||||
SOFTWARE — 1.0% | ||||||||
Microsoft Corp.: | ||||||||
4.50%, 10/1/2040 | 300,000 | 336,553 | ||||||
5.20%, 6/1/2039 | 100,000 | 122,704 | ||||||
Oracle Corp.: | ||||||||
5.38%, 7/15/2040 | 350,000 | 434,860 | ||||||
6.13%, 7/8/2039 | 305,000 | 408,729 | ||||||
1,302,846 | ||||||||
SPECIALTY RETAIL — 1.1% | ||||||||
Lowe’s Cos., Inc.: | ||||||||
4.65%, 4/15/2042 | 100,000 | 109,661 | ||||||
5.80%, 10/15/2036 | 150,000 | 187,800 | ||||||
5.80%, 4/15/2040 | 100,000 | 127,244 | ||||||
6.65%, 9/15/2037 | 150,000 | 205,393 | ||||||
The Home Depot, Inc.: | ||||||||
5.40%, 9/15/2040 | 100,000 | 124,743 | ||||||
5.88%, 12/16/2036 | 265,000 | 344,697 | ||||||
5.95%, 4/1/2041 | 225,000 | 304,654 | ||||||
1,404,192 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.1% | ||||||||
V.F. Corp. 6.45%, 11/1/2037 | 100,000 | 135,880 | ||||||
TOBACCO — 1.2% | ||||||||
Altria Group, Inc.: | ||||||||
4.25%, 8/9/2042 | 150,000 | 145,650 | ||||||
9.95%, 11/10/2038 | 165,000 | 271,417 | ||||||
10.20%, 2/6/2039 | 200,000 | 336,558 | ||||||
Lorillard Tobacco Co. 8.13%, 5/1/2040 | 50,000 | 66,891 | ||||||
Philip Morris International, Inc.: | ||||||||
4.38%, 11/15/2041 | 100,000 | 105,035 | ||||||
4.50%, 3/20/2042 | 150,000 | 160,783 | ||||||
6.38%, 5/16/2038 | 300,000 | 405,466 | ||||||
Reynolds American, Inc. 4.75%, 11/1/2042 | 100,000 | 101,170 | ||||||
1,592,970 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 6.2% | ||||||||
Alltel Corp. 7.88%, 7/1/2032 | 100,000 | 155,278 | ||||||
America Movil SAB de CV: | ||||||||
4.38%, 7/16/2042 (b) | 250,000 | 261,423 | ||||||
6.13%, 3/30/2040 | 200,000 | 263,038 | ||||||
6.38%, 3/1/2035 | 140,000 | 184,207 | ||||||
AT&T Corp. 8.00%, 11/15/2031 | 419,000 | 630,324 | ||||||
AT&T, Inc.: | ||||||||
4.30%, 12/15/2042 (a) | 242,000 | 245,004 | ||||||
4.35%, 6/15/2045 (a) | 348,000 | 349,415 | ||||||
5.35%, 9/1/2040 | 720,000 | 830,494 | ||||||
6.15%, 9/15/2034 | 400,000 | 489,133 | ||||||
6.30%, 1/15/2038 | 265,000 | 334,971 | ||||||
6.55%, 2/15/2039 | 250,000 | 327,030 | ||||||
BellSouth Telecommunications, Inc. 6.38%, 6/1/2028 | 200,000 | 237,012 | ||||||
Deutsche Telekom International Finance BV: | ||||||||
8.75%, 6/15/2030 | 430,000 | 644,124 | ||||||
9.25%, 6/1/2032 | 50,000 | 79,848 | ||||||
Embarq Corp. 8.00%, 6/1/2036 | 350,000 | 386,481 | ||||||
France Telecom SA 8.50%, 3/1/2031 | 450,000 | 669,800 | ||||||
Koninklijke KPN NV 8.38%, 10/1/2030 | 100,000 | 130,591 | ||||||
Telecom Italia Capital SA: | ||||||||
6.38%, 11/15/2033 | 250,000 | 250,000 | ||||||
7.20%, 7/18/2036 | 150,000 | 157,125 | ||||||
7.72%, 6/4/2038 | 150,000 | 162,487 | ||||||
Telefonica Emisiones SAU 7.05%, 6/20/2036 | 200,000 | 215,750 | ||||||
Telefonica Europe BV 8.25%, 9/15/2030 | 195,000 | 227,419 | ||||||
US Cellular Corp. 6.70%, 12/15/2033 | 100,000 | 103,708 | ||||||
Vodafone Group PLC: | ||||||||
6.15%, 2/27/2037 | 215,000 | 283,088 | ||||||
6.25%, 11/30/2032 | 200,000 | 255,690 | ||||||
7,873,440 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $118,401,006) | 125,751,421 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 3.4% | ||||||||
MONEY MARKET FUNDS — 3.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 3,537,560 | 3,537,560 |
See accompanying notes to financial statements.
132
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (f)(g) | 821,941 | $ | 821,941 | |||||
TOTAL SHORT TERM INVESTMENTS — (h) | ||||||||
(Cost $4,359,501) | 4,359,501 | |||||||
TOTAL INVESTMENTS — 101.6% (i) | ||||||||
(Cost $122,760,507) | 130,110,922 | |||||||
OTHER ASSETS & LIABILITIES — (1.6)% | (2,093,418 | ) | ||||||
NET ASSETS — 100.0% | $ | 128,017,504 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 2.7% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | A portion of the security was on loan at December 31, 2012. | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(d) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(e) | Investments of cash collateral for securities loaned. | |||||
(f) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(g) | The rate shown is the annualized seven-day yield at period end. | |||||
(h) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(i) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
ULC = Unlimited Liability Corporation
See accompanying notes to financial statements.
133
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.7% | ||||||||
AEROSPACE & DEFENSE — 2.1% | ||||||||
Embraer Overseas, Ltd. 6.38%, 1/15/2020 | $ | 125,000 | $ | 144,972 | ||||
Exelis, Inc. 5.55%, 10/1/2021 | 50,000 | 54,336 | ||||||
Honeywell International, Inc. 4.25%, 3/1/2021 | 50,000 | 58,449 | ||||||
L-3 Communications Corp.: | ||||||||
3.95%, 11/15/2016 | 25,000 | 27,083 | ||||||
4.75%, 7/15/2020 | 25,000 | 27,973 | ||||||
Lockheed Martin Corp. 2.13%, 9/15/2016 | 50,000 | 51,825 | ||||||
Northrop Grumman Corp. 1.85%, 11/15/2015 | 50,000 | 51,197 | ||||||
Raytheon Co.: | ||||||||
3.13%, 10/15/2020 | 50,000 | 53,304 | ||||||
4.88%, 10/15/2040 | 15,000 | 16,980 | ||||||
Textron, Inc. 6.20%, 3/15/2015 | 60,000 | 65,678 | ||||||
The Boeing Co. 5.88%, 2/15/2040 | 20,000 | 27,084 | ||||||
United Technologies Corp. 6.13%, 7/15/2038 | 25,000 | 33,080 | ||||||
611,961 | ||||||||
AIR FREIGHT & LOGISTICS — 0.5% | ||||||||
FedEx Corp. 2.63%, 8/1/2022 | 75,000 | 74,546 | ||||||
GATX Corp. 8.75%, 5/15/2014 | 50,000 | 55,119 | ||||||
United Parcel Service, Inc. 4.88%, 11/15/2040 | 25,000 | 28,955 | ||||||
158,620 | ||||||||
AIRLINES — 0.2% | ||||||||
Continental Airlines, Inc. 5.98%, 10/19/2023 | 44,730 | 49,985 | ||||||
AUTO COMPONENTS — 0.4% | ||||||||
BorgWarner, Inc. 4.63%, 9/15/2020 | 50,000 | 54,840 | ||||||
Johnson Controls, Inc. 4.25%, 3/1/2021 | 50,000 | 54,697 | ||||||
109,537 | ||||||||
AUTOMOBILES — 0.5% | ||||||||
Daimler Finance North America LLC: | ||||||||
6.50%, 11/15/2013 | 50,000 | 52,487 | ||||||
8.50%, 1/18/2031 | 25,000 | 38,605 | ||||||
PACCAR Financial Corp. 1.55%, 9/29/2014 | 50,000 | 50,777 | ||||||
141,869 | ||||||||
BEVERAGES — 2.0% | ||||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
2.50%, 3/26/2013 | 50,000 | 50,231 | ||||||
8.00%, 11/15/2039 | 50,000 | 81,270 | ||||||
Beam, Inc. 5.88%, 1/15/2036 | 25,000 | 29,592 | ||||||
Brown-Forman Corp. 5.00%, 2/1/2014 | 50,000 | 52,287 | ||||||
Coca-Cola Enterprises, Inc. 2.13%, 9/15/2015 | 50,000 | 51,562 | ||||||
Coca-Cola HBC Finance BV 5.50%, 9/17/2015 | 125,000 | 135,613 | ||||||
Diageo Capital PLC 5.20%, 1/30/2013 | 25,000 | 25,092 | ||||||
Dr Pepper Snapple Group, Inc. 2.90%, 1/15/2016 | 50,000 | 52,811 | ||||||
PepsiCo, Inc. 3.13%, 11/1/2020 | 50,000 | 53,882 | ||||||
The Coca-Cola Co. 4.88%, 3/15/2019 | 50,000 | 59,320 | ||||||
591,660 | ||||||||
BIOTECHNOLOGY — 1.1% | ||||||||
Amgen, Inc. 6.38%, 6/1/2037 | 25,000 | 31,569 | ||||||
Biogen Idec, Inc. 6.88%, 3/1/2018 | 25,000 | 30,861 | ||||||
Celgene Corp. 3.95%, 10/15/2020 | 50,000 | 54,190 | ||||||
Genentech, Inc. 4.75%, 7/15/2015 | 35,000 | 38,465 | ||||||
Genzyme Corp. 3.63%, 6/15/2015 | 50,000 | 53,425 | ||||||
Gilead Sciences, Inc. 4.50%, 4/1/2021 | 50,000 | 56,640 | ||||||
Life Technologies Corp. 4.40%, 3/1/2015 | 50,000 | 53,331 | ||||||
318,481 | ||||||||
BUILDING MATERIALS — 0.2% | ||||||||
CRH America, Inc. 6.00%, 9/30/2016 | 50,000 | 56,189 | ||||||
BUILDING PRODUCTS — 0.4% | ||||||||
Martin Marietta Materials, Inc. 6.60%, 4/15/2018 | 75,000 | 82,828 | ||||||
Owens Corning 7.00%, 12/1/2036 | 25,000 | 27,721 | ||||||
110,549 | ||||||||
CAPITAL MARKETS — 2.2% | ||||||||
Ameriprise Financial, Inc. 7.30%, 6/28/2019 | 25,000 | 32,068 | ||||||
BlackRock, Inc. 3.50%, 12/10/2014 | 60,000 | 63,351 | ||||||
Janus Capital Group, Inc. 6.70%, 6/15/2017 | 25,000 | 28,476 | ||||||
Jefferies Group, Inc. 3.88%, 11/9/2015 | 50,000 | 51,625 | ||||||
Morgan Stanley: | ||||||||
5.45%, 1/9/2017 | 100,000 | 110,952 | ||||||
6.25%, 8/9/2026 | 25,000 | 29,007 | ||||||
Raymond James Financial, Inc. 8.60%, 8/15/2019 | 50,000 | 63,043 | ||||||
TD Ameritrade Holding Corp. 4.15%, 12/1/2014 | 50,000 | 53,128 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
4.30%, 5/15/2014 | 55,000 | 57,813 | ||||||
5.45%, 5/15/2019 | 65,000 | 77,295 |
See accompanying notes to financial statements.
134
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
5.50%, 11/15/2014 | $ | 25,000 | $ | 26,958 | ||||
6.00%, 5/1/2014 | 50,000 | 53,197 | ||||||
646,913 | ||||||||
CHEMICALS — 3.7% | ||||||||
Agrium, Inc. 6.13%, 1/15/2041 | 25,000 | 30,311 | ||||||
Air Products & Chemicals, Inc.: | ||||||||
2.00%, 8/2/2016 | 15,000 | 15,534 | ||||||
4.38%, 8/21/2019 | 50,000 | 57,291 | ||||||
Airgas, Inc. 3.25%, 10/1/2015 | 100,000 | 105,492 | ||||||
E.I. du Pont de Nemours & Co. 6.00%, 7/15/2018 | 50,000 | 61,806 | ||||||
Eastman Chemical Co. 3.00%, 12/15/2015 | 25,000 | 26,323 | ||||||
Ecolab, Inc. 5.50%, 12/8/2041 | 50,000 | 59,911 | ||||||
FMC Corp. 3.95%, 2/1/2022 | 50,000 | 52,799 | ||||||
ICI Wilmington, Inc. 5.63%, 12/1/2013 | 42,000 | 43,707 | ||||||
Monsanto Co. 2.75%, 4/15/2016 | 25,000 | 26,423 | ||||||
Potash Corp. of Saskatchewan, Inc. 4.88%, 3/30/2020 | 50,000 | 58,124 | ||||||
PPG Industries, Inc. 5.75%, 3/15/2013 | 50,000 | 50,518 | ||||||
Praxair, Inc. 5.25%, 11/15/2014 | 50,000 | 54,339 | ||||||
RPM International, Inc.: | ||||||||
3.45%, 11/15/2022 | 50,000 | 49,309 | ||||||
6.13%, 10/15/2019 | 25,000 | 29,070 | ||||||
Sigma-Aldrich Corp. 3.38%, 11/1/2020 | 50,000 | 53,552 | ||||||
Syngenta Finance NV 3.13%, 3/28/2022 | 50,000 | 52,450 | ||||||
The Dow Chemical Co. 7.38%, 11/1/2029 | 50,000 | 66,507 | ||||||
The Mosaic Co.: | ||||||||
3.75%, 11/15/2021 | 25,000 | 26,578 | ||||||
4.88%, 11/15/2041 | 25,000 | 27,357 | ||||||
The Sherwin-Williams Co.: | ||||||||
1.35%, 12/15/2017 | 100,000 | 100,016 | ||||||
3.13%, 12/15/2014 | 50,000 | 52,348 | ||||||
1,099,765 | ||||||||
COMMERCIAL BANKS — 5.8% | ||||||||
Abbey National Treasury Services PLC 4.00%, 4/27/2016 | 50,000 | 52,675 | ||||||
American Express Bank FSB 6.00%, 9/13/2017 | 25,000 | 30,129 | ||||||
Associated Banc-Corp. 5.13%, 3/28/2016 | 85,000 | 92,635 | ||||||
Bank of Montreal 2.13%, 6/28/2013 | 50,000 | 50,424 | ||||||
Bank of Nova Scotia 3.40%, 1/22/2015 | 50,000 | 52,593 | ||||||
BB&T Corp. 3.20%, 3/15/2016 | 50,000 | 53,190 | ||||||
BB&T Corp., Series C 2.15%, 3/22/2017 | 50,000 | 51,879 | ||||||
BBVA US Senior SAU 3.25%, 5/16/2014 | 50,000 | 49,997 | ||||||
BNP Paribas 5.00%, 1/15/2021 | 50,000 | 56,157 | ||||||
Canadian Imperial Bank of Commerce/Canada 1.45%, 9/13/2013 | 60,000 | 60,457 | ||||||
Credit Suisse of New York, NY 5.00%, 5/15/2013 | 50,000 | 50,823 | ||||||
Deutsche Bank AG 4.88%, 5/20/2013 | 50,000 | 50,868 | ||||||
Discover Bank/Greenwood DE 7.00%, 4/15/2020 | 50,000 | 62,016 | ||||||
First Horizon National Corp. 5.38%, 12/15/2015 | 95,000 | 104,006 | ||||||
KeyCorp: | ||||||||
5.10%, 3/24/2021 | 50,000 | 58,212 | ||||||
6.50%, 5/14/2013 | 75,000 | 76,610 | ||||||
PNC Funding Corp.: | ||||||||
2.70%, 9/19/2016 | 100,000 | 105,439 | ||||||
3.63%, 2/8/2015 | 20,000 | 21,175 | ||||||
Regions Financial Corp. 5.75%, 6/15/2015 | 75,000 | 81,000 | ||||||
Royal Bank of Canada 1.13%, 1/15/2014 | 50,000 | 50,270 | ||||||
Royal Bank of Scotland Group PLC 6.40%, 10/21/2019 | 75,000 | 88,329 | ||||||
SVB Financial Group 5.38%, 9/15/2020 | 50,000 | 55,934 | ||||||
The Toronto-Dominion Bank 2.38%, 10/19/2016 | 50,000 | 52,239 | ||||||
UnionBanCal Corp. 3.50%, 6/18/2022 | 50,000 | 52,269 | ||||||
US Bancorp 4.20%, 5/15/2014 | 50,000 | 52,525 | ||||||
Wells Fargo & Co. 5.63%, 12/11/2017 | 50,000 | 59,749 | ||||||
Westpac Banking Corp.: | ||||||||
2.10%, 8/2/2013 | 75,000 | 75,723 | ||||||
3.00%, 8/4/2015 | 25,000 | 26,307 | ||||||
Zions Bancorporation 7.75%, 9/23/2014 | 25,000 | 27,500 | ||||||
1,701,130 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.1% | ||||||||
Avery Dennison Corp. 5.38%, 4/15/2020 | 35,000 | 38,603 | ||||||
Pitney Bowes, Inc. 4.88%, 8/15/2014 | 25,000 | 25,957 | ||||||
Republic Services, Inc.: | ||||||||
3.80%, 5/15/2018 | 50,000 | 55,053 | ||||||
5.25%, 11/15/2021 | 20,000 | 23,572 | ||||||
The ADT Corp. 2.25%, 7/15/2017 (a) | 50,000 | 49,220 | ||||||
The Western Union Co.: | ||||||||
2.88%, 12/10/2017 | 100,000 | 99,354 |
See accompanying notes to financial statements.
135
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.25%, 4/1/2020 | $ | 25,000 | $ | 27,204 | ||||
318,963 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.7% | ||||||||
Cisco Systems, Inc. 5.90%, 2/15/2039 | 25,000 | 32,046 | ||||||
Harris Corp. 5.00%, 10/1/2015 | 50,000 | 54,906 | ||||||
Juniper Networks, Inc. 4.60%, 3/15/2021 | 50,000 | 53,168 | ||||||
Motorola Solutions, Inc. 6.00%, 11/15/2017 | 50,000 | 58,690 | ||||||
198,810 | ||||||||
COMPUTERS & PERIPHERALS — 0.5% | ||||||||
Dell, Inc. 5.40%, 9/10/2040 | 25,000 | 26,194 | ||||||
Hewlett-Packard Co.: | ||||||||
3.00%, 9/15/2016 | 50,000 | 49,970 | ||||||
4.75%, 6/2/2014 | 25,000 | 25,902 | ||||||
Lexmark International, Inc. 5.90%, 6/1/2013 | 50,000 | 50,789 | ||||||
152,855 | ||||||||
CONSTRUCTION & ENGINEERING — 0.4% | ||||||||
ABB Finance USA, Inc. 4.38%, 5/8/2042 | 50,000 | 53,885 | ||||||
Fluor Corp. 3.38%, 9/15/2021 | 50,000 | 53,294 | ||||||
107,179 | ||||||||
CONSUMER FINANCE — 0.3% | ||||||||
SLM Corp.: | ||||||||
5.00%, 4/15/2015 | 25,000 | 26,250 | ||||||
8.00%, 3/25/2020 | 50,000 | 57,000 | ||||||
83,250 | ||||||||
CONTAINERS & PACKAGING — 0.5% | ||||||||
Bemis Co., Inc. 4.50%, 10/15/2021 | 50,000 | 53,484 | ||||||
Packaging Corp. of America 3.90%, 6/15/2022 | 50,000 | 51,377 | ||||||
Sonoco Products Co. 5.75%, 11/1/2040 | 40,000 | 44,272 | ||||||
149,133 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 4.9% | ||||||||
Allstate Life Global Funding Trusts 5.38%, 4/30/2013 | 50,000 | 50,828 | ||||||
Alterra Finance LLC 6.25%, 9/30/2020 | 50,000 | 57,259 | ||||||
American Express Credit Corp. 1.75%, 6/12/2015 | 50,000 | 50,962 | ||||||
AXA Financial, Inc. 7.00%, 4/1/2028 | 35,000 | 41,670 | ||||||
Bank of America Corp. 3.88%, 3/22/2017 | 125,000 | 135,416 | ||||||
Boeing Capital Corp. 2.90%, 8/15/2018 | 15,000 | 16,099 | ||||||
BP Capital Markets PLC 3.13%, 10/1/2015 | 50,000 | 53,081 | ||||||
Capital One Financial Corp.: | ||||||||
4.75%, 7/15/2021 | 50,000 | 57,576 | ||||||
6.75%, 9/15/2017 | 17,000 | 20,723 | ||||||
Citigroup, Inc.: | ||||||||
3.95%, 6/15/2016 | 50,000 | 53,649 | ||||||
5.50%, 10/15/2014 | 60,000 | 64,382 | ||||||
CME Group, Inc. 5.40%, 8/1/2013 | 50,000 | 51,425 | ||||||
Ford Motor Credit Co. LLC 4.25%, 9/20/2022 | 200,000 | 210,457 | ||||||
General Electric Capital Corp. 3.50%, 6/29/2015 | 50,000 | 53,069 | ||||||
JPMorgan Chase & Co.: | ||||||||
4.75%, 5/1/2013 | 25,000 | 25,361 | ||||||
5.50%, 10/15/2040 | 25,000 | 30,409 | ||||||
Lazard Group LLC 6.85%, 6/15/2017 | 95,000 | 109,647 | ||||||
Moody’s Corp. 5.50%, 9/1/2020 | 50,000 | 56,610 | ||||||
Nomura Holdings, Inc. 5.00%, 3/4/2015 | 50,000 | 52,898 | ||||||
ORIX Corp. 5.00%, 1/12/2016 | 60,000 | 65,052 | ||||||
The Charles Schwab Corp. 3.23%, 9/1/2022 (a) | 50,000 | 50,949 | ||||||
The Nasdaq OMX Group, Inc. 5.25%, 1/16/2018 | 30,000 | 32,527 | ||||||
Toyota Motor Credit Corp. 1.38%, 8/12/2013 | 50,000 | 50,298 | ||||||
UBS AG of Stamford, CT 2.25%, 8/12/2013 | 50,000 | 50,478 | ||||||
1,440,825 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6% | ||||||||
British Telecommunications PLC 5.15%, 1/15/2013 | 50,000 | 50,069 | ||||||
CenturyLink, Inc. 6.45%, 6/15/2021 | 50,000 | 54,420 | ||||||
Verizon New York, Inc., Series A 7.38%, 4/1/2032 | 50,000 | 66,613 | ||||||
171,102 | ||||||||
ELECTRIC UTILITIES — 5.0% | ||||||||
Appalachian Power Co. 5.80%, 10/1/2035 | 25,000 | 29,890 | ||||||
Arizona Public Service Co. 8.75%, 3/1/2019 | 50,000 | 66,249 | ||||||
Consolidated Edison Co. of New York, Inc. 5.38%, 12/15/2015 | 50,000 | 56,743 | ||||||
Constellation Energy Group, Inc. 5.15%, 12/1/2020 | 50,000 | 56,958 | ||||||
Duke Energy Carolinas LLC 6.10%, 6/1/2037 | 25,000 | 31,423 | ||||||
Entergy Gulf States Louisiana LLC 5.59%, 10/1/2024 | 25,000 | 29,607 | ||||||
Entergy Louisiana LLC 1.88%, 12/15/2014 | 15,000 | 15,341 | ||||||
Exelon Generation Co. LLC 6.20%, 10/1/2017 | 50,000 | 59,179 |
See accompanying notes to financial statements.
136
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Florida Power & Light Co. 4.13%, 2/1/2042 | $ | 25,000 | $ | 26,424 | ||||
Georgia Power Co. 5.65%, 3/1/2037 | 25,000 | 30,570 | ||||||
Great Plains Energy, Inc. 4.85%, 6/1/2021 | 25,000 | 27,385 | ||||||
Kentucky Utilities Co. 5.13%, 11/1/2040 | 25,000 | 30,231 | ||||||
Nevada Power Co. 6.65%, 4/1/2036 | 100,000 | 134,742 | ||||||
NextEra Energy Capital Holdings, Inc. 2.55%, 11/15/2013 | 50,000 | 50,790 | ||||||
Nisource Finance Corp. 5.95%, 6/15/2041 | 25,000 | 28,682 | ||||||
Oklahoma Gas & Electric Co. 5.25%, 5/15/2041 | 25,000 | 29,625 | ||||||
Pacific Gas & Electric Co. 5.80%, 3/1/2037 | 35,000 | 43,286 | ||||||
Potomac Electric Power Co. 7.90%, 12/15/2038 | 35,000 | 56,310 | ||||||
Progress Energy, Inc. 4.40%, 1/15/2021 | 50,000 | 55,761 | ||||||
Public Service Electric & Gas Co.: | ||||||||
0.85%, 8/15/2014 | 20,000 | 20,112 | ||||||
5.50%, 3/1/2040 | 15,000 | 19,068 | ||||||
Scottish Power, Ltd. 5.38%, 3/15/2015 | 25,000 | 26,642 | ||||||
South Carolina Electric & Gas Co. 6.05%, 1/15/2038 | 50,000 | 64,001 | ||||||
Southern California Edison Co. 3.88%, 6/1/2021 | 20,000 | 22,497 | ||||||
TECO Finance, Inc. 5.15%, 3/15/2020 | 50,000 | 58,338 | ||||||
The Cleveland Electric Illuminating Co. 5.70%, 4/1/2017 | 50,000 | 57,354 | ||||||
The Dayton Power & Light Co. 5.13%, 10/1/2013 | 100,000 | 103,303 | ||||||
The Detroit Edison Co. 5.60%, 6/15/2018 | 50,000 | 60,651 | ||||||
UIL Holdings Corp. 4.63%, 10/1/2020 | 34,000 | 36,463 | ||||||
Westar Energy, Inc. 4.13%, 3/1/2042 | 50,000 | 51,273 | ||||||
Wisconsin Electric Power Co. 5.70%, 12/1/2036 | 25,000 | 32,064 | ||||||
Wisconsin Power & Light Co. 5.00%, 7/15/2019 | 50,000 | 59,499 | ||||||
1,470,461 | ||||||||
ELECTRICAL EQUIPMENT — 0.8% | ||||||||
Emerson Electric Co. 4.25%, 11/15/2020 | 50,000 | 57,188 | ||||||
Hubbell, Inc. 3.63%, 11/15/2022 | 100,000 | 107,098 | ||||||
Roper Industries, Inc. 6.25%, 9/1/2019 | 50,000 | 59,861 | ||||||
224,147 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.8% | ||||||||
Agilent Technologies, Inc. 6.50%, 11/1/2017 | 50,000 | 60,401 | ||||||
Amphenol Corp. 4.00%, 2/1/2022 | 35,000 | 36,464 | ||||||
Arrow Electronics, Inc. 3.38%, 11/1/2015 | 50,000 | 51,950 | ||||||
Avnet, Inc. 6.63%, 9/15/2016 | 50,000 | 56,465 | ||||||
Corning, Inc. 5.75%, 8/15/2040 | 30,000 | 35,487 | ||||||
240,767 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.4% | ||||||||
Cameron International Corp. 5.95%, 6/1/2041 | 25,000 | 30,889 | ||||||
Halliburton Co. 6.70%, 9/15/2038 | 25,000 | 34,883 | ||||||
Nabors Industries, Inc. 9.25%, 1/15/2019 | 50,000 | 66,339 | ||||||
132,111 | ||||||||
FOOD & STAPLES RETAILING — 0.9% | ||||||||
Costco Wholesale Corp. 5.50%, 3/15/2017 | 25,000 | 29,467 | ||||||
CVS Caremark Corp. 6.13%, 8/15/2016 | 20,000 | 23,507 | ||||||
Safeway, Inc. 6.25%, 3/15/2014 | 50,000 | 52,855 | ||||||
Sysco Corp. 6.63%, 3/17/2039 | 25,000 | 36,244 | ||||||
The Kroger Co. 6.15%, 1/15/2020 | 50,000 | 61,001 | ||||||
Wal-Mart Stores, Inc. 6.20%, 4/15/2038 | 20,000 | 27,050 | ||||||
Walgreen Co. 4.88%, 8/1/2013 | 25,000 | 25,617 | ||||||
255,741 | ||||||||
FOOD PRODUCTS — 2.6% | ||||||||
Bunge Ltd. Finance Corp. 5.35%, 4/15/2014 | 50,000 | 52,531 | ||||||
Campbell Soup Co. 4.25%, 4/15/2021 | 25,000 | 28,262 | ||||||
ConAgra Foods, Inc. 7.00%, 4/15/2019 | 50,000 | 61,231 | ||||||
Corn Products International, Inc. 4.63%, 11/1/2020 | 50,000 | 55,829 | ||||||
Delhaize Group SA 5.70%, 10/1/2040 | 25,000 | 23,269 | ||||||
General Mills, Inc. 5.70%, 2/15/2017 | 50,000 | 58,875 | ||||||
HJ Heinz Finance Co. 6.75%, 3/15/2032 | 27,000 | 34,242 | ||||||
Hormel Foods Corp. 4.13%, 4/15/2021 | 100,000 | 112,517 | ||||||
Kellogg Co. 4.15%, 11/15/2019 | 50,000 | 55,858 |
See accompanying notes to financial statements.
137
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Kraft Foods, Inc. 6.13%, 2/1/2018 | $ | 35,000 | $ | 42,575 | ||||
Ralcorp Holdings, Inc. 6.63%, 8/15/2039 | 25,000 | 29,589 | ||||||
Sara Lee Corp. 2.75%, 9/15/2015 | 50,000 | 51,513 | ||||||
The Hershey Co. 4.13%, 12/1/2020 | 50,000 | 57,164 | ||||||
The JM Smucker Co. 3.50%, 10/15/2021 | 50,000 | 53,324 | ||||||
Unilever Capital Corp. 2.75%, 2/10/2016 | 50,000 | 52,803 | ||||||
769,582 | ||||||||
GAS UTILITIES — 1.2% | ||||||||
AGL Capital Corp. 5.25%, 8/15/2019 | 50,000 | 59,699 | ||||||
Atmos Energy Corp. 6.35%, 6/15/2017 | 50,000 | 60,134 | ||||||
Energen Corp. 4.63%, 9/1/2021 | 50,000 | 52,225 | ||||||
National Grid PLC 6.30%, 8/1/2016 | 25,000 | 29,079 | ||||||
Southern California Gas Co. 5.45%, 4/15/2018 | 35,000 | 41,971 | ||||||
Southwest Gas Corp. 3.88%, 4/1/2022 | 100,000 | 110,198 | ||||||
353,306 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.5% | ||||||||
Baxter International, Inc. 6.25%, 12/1/2037 | 25,000 | 34,179 | ||||||
Becton Dickinson and Co. 3.25%, 11/12/2020 | 25,000 | 26,705 | ||||||
Boston Scientific Corp. 7.38%, 1/15/2040 | 35,000 | 48,058 | ||||||
C.R. Bard, Inc. 4.40%, 1/15/2021 | 25,000 | 28,349 | ||||||
CareFusion Corp. 6.38%, 8/1/2019 | 50,000 | 59,528 | ||||||
Covidien International Finance SA 4.20%, 6/15/2020 | 50,000 | 56,485 | ||||||
DENTSPLY International, Inc. 4.13%, 8/15/2021 | 50,000 | 52,633 | ||||||
Medtronic, Inc. 3.00%, 3/15/2015 | 25,000 | 26,244 | ||||||
St. Jude Medical, Inc. 2.50%, 1/15/2016 | 35,000 | 36,336 | ||||||
Stryker Corp. 2.00%, 9/30/2016 | 50,000 | 51,523 | ||||||
Zimmer Holdings, Inc. 5.75%, 11/30/2039 | 25,000 | 30,173 | ||||||
450,213 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.3% | ||||||||
Aetna, Inc.: | ||||||||
3.95%, 9/1/2020 | 50,000 | 54,857 | ||||||
6.63%, 6/15/2036 | 50,000 | 67,280 | ||||||
AmerisourceBergen Corp. 4.88%, 11/15/2019 | 50,000 | 58,150 | ||||||
Cardinal Health, Inc. 5.80%, 10/15/2016 | 50,000 | 58,157 | ||||||
Cigna Corp. 8.50%, 5/1/2019 | 50,000 | 66,271 | ||||||
Coventry Health Care, Inc. 6.30%, 8/15/2014 | 30,000 | 32,500 | ||||||
Express Scripts, Inc. 3.13%, 5/15/2016 | 20,000 | 21,121 | ||||||
Humana, Inc. 8.15%, 6/15/2038 | 25,000 | 35,679 | ||||||
Laboratory Corp. of America Holdings 4.63%, 11/15/2020 | 35,000 | 38,839 | ||||||
McKesson Corp. 4.75%, 3/1/2021 | 50,000 | 57,852 | ||||||
Quest Diagnostics, Inc. 6.40%, 7/1/2017 | 15,000 | 17,744 | ||||||
UnitedHealth Group, Inc. 3.88%, 10/15/2020 | 50,000 | 54,888 | ||||||
WellPoint, Inc. 3.13%, 5/15/2022 | 100,000 | 101,037 | ||||||
664,375 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.6% | ||||||||
Darden Restaurants, Inc. 6.80%, 10/15/2037 | 25,000 | 29,840 | ||||||
Hyatt Hotels Corp. 5.38%, 8/15/2021 | 100,000 | 111,988 | ||||||
International Game Technology 5.50%, 6/15/2020 | 35,000 | 37,893 | ||||||
Marriott International, Inc. 6.38%, 6/15/2017 | 50,000 | 58,312 | ||||||
McDonald’s Corp. 5.35%, 3/1/2018 | 20,000 | 24,127 | ||||||
Starbucks Corp. 6.25%, 8/15/2017 | 35,000 | 41,507 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. 6.75%, 5/15/2018 | 75,000 | 91,195 | ||||||
Wyndham Worldwide Corp. 4.25%, 3/1/2022 | 50,000 | 51,509 | ||||||
Yum! Brands, Inc. 3.88%, 11/1/2020 | 25,000 | 27,159 | ||||||
473,530 | ||||||||
HOUSEHOLD DURABLES — 0.7% | ||||||||
Newell Rubbermaid, Inc. 4.70%, 8/15/2020 | 50,000 | 55,763 | ||||||
NVR, Inc. 3.95%, 9/15/2022 | 89,000 | 91,498 | ||||||
Whirlpool Corp. 4.85%, 6/15/2021 | 50,000 | 53,590 | ||||||
200,851 | ||||||||
HOUSEHOLD PRODUCTS — 1.1% | ||||||||
Church & Dwight Co., Inc. 3.35%, 12/15/2015 | 25,000 | 26,256 | ||||||
Colgate-Palmolive Co. 3.15%, 8/5/2015 | 25,000 | 26,604 | ||||||
Energizer Holdings, Inc. 4.70%, 5/19/2021 | 50,000 | 53,214 |
See accompanying notes to financial statements.
138
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Kimberly-Clark Corp. 6.25%, 7/15/2018 | $ | 25,000 | $ | 31,415 | ||||
The Clorox Co. 3.80%, 11/15/2021 | 50,000 | 54,325 | ||||||
The Procter & Gamble Co. 1.80%, 11/15/2015 | 50,000 | 51,746 | ||||||
Tupperware Brands Corp. 4.75%, 6/1/2021 | 75,000 | 80,385 | ||||||
323,945 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
TransAlta Corp. 6.65%, 5/15/2018 | 50,000 | 57,924 | ||||||
INDUSTRIAL CONGLOMERATES — 0.8% | ||||||||
3M Co. 1.38%, 9/29/2016 | 50,000 | 51,065 | ||||||
Cooper US, Inc. 2.38%, 1/15/2016 | 50,000 | 51,799 | ||||||
Koninklijke Philips Electronics NV 6.88%, 3/11/2038 | 25,000 | 34,002 | ||||||
Pentair Finance SA 5.00%, 5/15/2021 (a) | 50,000 | 56,790 | ||||||
Tyco Electronics Group SA 4.88%, 1/15/2021 | 50,000 | 54,975 | ||||||
248,631 | ||||||||
INSURANCE — 8.1% | ||||||||
ACE INA Holdings, Inc. 2.60%, 11/23/2015 | 50,000 | 52,244 | ||||||
AEGON Funding Co. LLC 5.75%, 12/15/2020 | 35,000 | 40,514 | ||||||
Aflac, Inc. 6.45%, 8/15/2040 | 50,000 | 62,579 | ||||||
Alleghany Corp. 5.63%, 9/15/2020 | 50,000 | 55,877 | ||||||
Allied World Assurance Co., Ltd. 7.50%, 8/1/2016 | 25,000 | 29,478 | ||||||
American Financial Group, Inc. 9.88%, 6/15/2019 | 30,000 | 38,275 | ||||||
American International Group, Inc.: | ||||||||
5.05%, 10/1/2015 | 50,000 | 54,973 | ||||||
5.45%, 5/18/2017 | 35,000 | 40,092 | ||||||
6.40%, 12/15/2020 | 20,000 | 24,706 | ||||||
AON Corp. 3.13%, 5/27/2016 | 35,000 | 36,802 | ||||||
Assurant, Inc. 6.75%, 2/15/2034 | 50,000 | 55,565 | ||||||
Axis Capital Holdings, Ltd. 5.75%, 12/1/2014 | 50,000 | 53,652 | ||||||
Cincinnati Financial Corp. 6.13%, 11/1/2034 | 50,000 | 56,866 | ||||||
CNA Financial Corp. 5.75%, 8/15/2021 | 25,000 | 29,364 | ||||||
Endurance Specialty Holdings, Ltd. 7.00%, 7/15/2034 | 50,000 | 57,146 | ||||||
Fidelity National Financial, Inc. 6.60%, 5/15/2017 | 30,000 | 33,847 | ||||||
Genworth Financial, Inc. 6.52%, 5/22/2018 | 100,000 | 107,500 | ||||||
Hartford Financial Services Group, Inc. 6.30%, 3/15/2018 | 50,000 | 59,577 | ||||||
HCC Insurance Holdings, Inc. 6.30%, 11/15/2019 | 50,000 | 58,327 | ||||||
Lincoln National Corp. 6.25%, 2/15/2020 | 25,000 | 29,791 | ||||||
Loews Corp. 6.00%, 2/1/2035 | 25,000 | 29,912 | ||||||
Manulife Financial Corp. 4.90%, 9/17/2020 | 120,000 | 133,430 | ||||||
Markel Corp. 7.13%, 9/30/2019 | 50,000 | 59,984 | ||||||
Marsh & McLennan Cos, Inc. 5.75%, 9/15/2015 | 24,000 | 26,862 | ||||||
Marsh & McLennan Cos., Inc. 4.80%, 7/15/2021 | 25,000 | 28,150 | ||||||
MetLife, Inc. 6.82%, 8/15/2018 | 100,000 | 125,695 | ||||||
PartnerRe, Ltd. 5.50%, 6/1/2020 | 50,000 | 55,800 | ||||||
Principal Financial Group, Inc. 8.88%, 5/15/2019 | 50,000 | 67,103 | ||||||
Protective Life Corp. 7.38%, 10/15/2019 | 50,000 | 60,282 | ||||||
Prudential Financial, Inc. 4.50%, 7/15/2013 | 50,000 | 50,997 | ||||||
Reinsurance Group of America, Inc. 6.45%, 11/15/2019 | 50,000 | 58,615 | ||||||
Swiss Re Solutions Holding Corp. 6.45%, 3/1/2019 | 50,000 | 59,035 | ||||||
The Hanover Insurance Group, Inc. 6.38%, 6/15/2021 | 50,000 | 55,983 | ||||||
The Progressive Corp. 3.75%, 8/23/2021 | 50,000 | 54,558 | ||||||
Torchmark Corp. 9.25%, 6/15/2019 | 75,000 | 100,769 | ||||||
Transatlantic Holdings, Inc. 8.00%, 11/30/2039 | 50,000 | 65,925 | ||||||
Travelers Property Casualty Corp. 6.38%, 3/15/2033 | 25,000 | 32,775 | ||||||
Unitrin, Inc. 6.00%, 5/15/2017 | 50,000 | 54,146 | ||||||
Unum Group 7.13%, 9/30/2016 | 50,000 | 58,973 | ||||||
Validus Holdings, Ltd. 8.88%, 1/26/2040 | 25,000 | 33,203 | ||||||
W.R. Berkley Corp. 6.25%, 2/15/2037 | 50,000 | 57,343 | ||||||
Willis North America, Inc. 7.00%, 9/29/2019 | 50,000 | 58,636 | ||||||
XL Group PLC 6.38%, 11/15/2024 | 50,000 | 59,324 | ||||||
2,364,675 | ||||||||
INTERNET & CATALOG RETAIL — 0.1% | ||||||||
Expedia, Inc. 5.95%, 8/15/2020 | 35,000 | 38,850 | ||||||
See accompanying notes to financial statements.
139
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
IT SERVICES — 0.5% | ||||||||
Fiserv, Inc. 3.13%, 6/15/2016 | $ | 35,000 | $ | 36,647 | ||||
International Business Machines Corp. 5.70%, 9/14/2017 | 50,000 | 60,342 | ||||||
SAIC, Inc. 4.45%, 12/1/2020 | 50,000 | 54,054 | ||||||
151,043 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Hasbro, Inc. 6.35%, 3/15/2040 | 50,000 | 61,466 | ||||||
Mattel, Inc. 6.20%, 10/1/2040 | 10,000 | 12,175 | ||||||
73,641 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.3% | ||||||||
Bio-Rad Laboratories, Inc. 4.88%, 12/15/2020 | 25,000 | 26,309 | ||||||
Thermo Fisher Scientific, Inc. 2.25%, 8/15/2016 | 50,000 | 51,681 | ||||||
77,990 | ||||||||
MACHINERY — 3.1% | ||||||||
Caterpillar, Inc. 3.90%, 5/27/2021 | 50,000 | 55,690 | ||||||
Cummins, Inc. 7.13%, 3/1/2028 | 25,000 | 33,387 | ||||||
Danaher Corp. 5.40%, 3/1/2019 | 50,000 | 59,665 | ||||||
Deere & Co. 5.38%, 10/16/2029 | 25,000 | 31,733 | ||||||
Dover Corp. 5.38%, 3/1/2041 | 35,000 | 44,246 | ||||||
Eaton Corp. 6.95%, 3/20/2019 | 50,000 | 63,410 | ||||||
Harsco Corp. 2.70%, 10/15/2015 | 50,000 | 50,465 | ||||||
IDEX Corp. 4.50%, 12/15/2020 | 50,000 | 53,277 | ||||||
Illinois Tool Works, Inc. 4.88%, 9/15/2041 | 25,000 | 29,258 | ||||||
Ingersoll-Rand Global Holding Co., Ltd. 6.88%, 8/15/2018 | 35,000 | 42,744 | ||||||
Joy Global, Inc. 5.13%, 10/15/2021 | 20,000 | 22,046 | ||||||
Kennametal, Inc.: | ||||||||
2.65%, 11/1/2019 | 50,000 | 49,795 | ||||||
3.88%, 2/15/2022 | 50,000 | 52,260 | ||||||
Parker Hannifin Corp. 6.25%, 5/15/2038 | 25,000 | 33,783 | ||||||
Snap-On, Inc. 6.13%, 9/1/2021 | 25,000 | 29,978 | ||||||
Stanley Black & Decker, Inc. 5.20%, 9/1/2040 | 35,000 | 40,525 | ||||||
Timken Co. 6.00%, 9/15/2014 | 50,000 | 52,642 | ||||||
Valmont Industries, Inc. 6.63%, 4/20/2020 | 25,000 | 29,558 | ||||||
Xylem, Inc. 3.55%, 9/20/2016 | 115,000 | 122,478 | ||||||
896,940 | ||||||||
MEDIA — 3.1% | ||||||||
CBS Corp. 7.88%, 7/30/2030 | 75,000 | 102,430 | ||||||
Comcast Cable Communications LLC 7.13%, 6/15/2013 | 25,000 | 25,735 | ||||||
Comcast Corp. 4.65%, 7/15/2042 | 50,000 | 52,682 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
5.20%, 3/15/2020 | 25,000 | 28,028 | ||||||
6.38%, 3/1/2041 | 25,000 | 29,002 | ||||||
Discovery Communications LLC 5.63%, 8/15/2019 | 35,000 | 41,643 | ||||||
Grupo Televisa SAB 8.50%, 3/11/2032 | 50,000 | 71,640 | ||||||
NBCUniversal Media LLC 5.15%, 4/30/2020 | 25,000 | 29,326 | ||||||
News America, Inc. 6.20%, 12/15/2034 | 50,000 | 60,384 | ||||||
Omnicom Group, Inc. 6.25%, 7/15/2019 | 50,000 | 61,256 | ||||||
The Interpublic Group of Cos., Inc. 4.00%, 3/15/2022 | 50,000 | 50,975 | ||||||
The Mcgraw-Hill Cos., Inc. 6.55%, 11/15/2037 | 25,000 | 28,996 | ||||||
The Walt Disney Co. 2.75%, 8/16/2021 | 25,000 | 25,881 | ||||||
Time Warner Cable, Inc. 6.55%, 5/1/2037 | 50,000 | 61,431 | ||||||
Time Warner, Inc. 4.70%, 1/15/2021 | 50,000 | 56,615 | ||||||
Viacom, Inc.: | ||||||||
1.25%, 2/27/2015 | 50,000 | 50,370 | ||||||
4.25%, 9/15/2015 | 25,000 | 27,197 | ||||||
Virgin Media Secured Finance PLC 5.25%, 1/15/2021 | 50,000 | 57,608 | ||||||
WPP Finance UK 8.00%, 9/15/2014 | 50,000 | 55,359 | ||||||
916,558 | ||||||||
METALS & MINING — 2.9% | ||||||||
Alcoa, Inc.: | ||||||||
5.40%, 4/15/2021 | 75,000 | 77,229 | ||||||
5.95%, 2/1/2037 | 50,000 | 47,390 | ||||||
Allegheny Technologies, Inc. 9.38%, 6/1/2019 | 50,000 | 63,461 | ||||||
AngloGold Ashanti Holdings PLC 5.38%, 4/15/2020 | 50,000 | 50,986 | ||||||
Barrick North America Finance LLC 6.80%, 9/15/2018 | 50,000 | 61,914 | ||||||
BHP Billiton Finance USA, Ltd. 6.50%, 4/1/2019 | 35,000 | 44,570 | ||||||
Cliffs Natural Resources, Inc. 4.80%, 10/1/2020 | 50,000 | 49,370 | ||||||
Freeport-McMoRan Copper & Gold, Inc. 3.55%, 3/1/2022 | 50,000 | 49,431 |
See accompanying notes to financial statements.
140
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Newmont Mining Corp. 5.88%, 4/1/2035 | $ | 25,000 | $ | 28,661 | ||||
Nucor Corp. 6.40%, 12/1/2037 | 75,000 | 102,834 | ||||||
Rio Tinto Finance USA, Ltd. 8.95%, 5/1/2014 | 50,000 | 55,391 | ||||||
Southern Copper Corp. 7.50%, 7/27/2035 | 25,000 | 31,699 | ||||||
Teck Resources, Ltd. 4.75%, 1/15/2022 | 28,000 | 30,859 | ||||||
Vale Overseas, Ltd.: | ||||||||
4.38%, 1/11/2022 | 40,000 | 42,699 | ||||||
6.88%, 11/10/2039 | 25,000 | 31,551 | ||||||
Xstrata Canada Corp.: | ||||||||
5.38%, 6/1/2015 | 50,000 | 54,515 | ||||||
6.20%, 6/15/2035 | 25,000 | 26,160 | ||||||
848,720 | ||||||||
MULTI-UTILITIES — 1.6% | ||||||||
American Water Capital Corp. 6.09%, 10/15/2017 | 35,000 | 41,468 | ||||||
CenterPoint Energy Resources Corp. 7.88%, 4/1/2013 | 35,000 | 35,593 | ||||||
Dominion Resources, Inc. 5.60%, 11/15/2016 | 50,000 | 58,368 | ||||||
Integrys Energy Group, Inc. 4.17%, 11/1/2020 | 50,000 | 56,296 | ||||||
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036 | 50,000 | 63,269 | ||||||
NSTAR 4.50%, 11/15/2019 | 25,000 | 28,739 | ||||||
Sempra Energy 6.00%, 10/15/2039 | 25,000 | 31,596 | ||||||
United Utilities PLC 6.88%, 8/15/2028 | 50,000 | 60,221 | ||||||
Veolia Environnement SA 6.75%, 6/1/2038 | 25,000 | 29,727 | ||||||
Xcel Energy, Inc. 4.70%, 5/15/2020 | 50,000 | 58,474 | ||||||
463,751 | ||||||||
MULTILINE RETAIL — 0.6% | ||||||||
Kohl’s Corp. 6.88%, 12/15/2037 | 25,000 | 31,740 | ||||||
Macy’s Retail Holdings, Inc.: | ||||||||
3.88%, 1/15/2022 | 25,000 | 26,586 | ||||||
6.70%, 7/15/2034 | 25,000 | 30,279 | ||||||
Nordstrom, Inc. 4.00%, 10/15/2021 | 50,000 | 55,687 | ||||||
Target Corp. 7.00%, 1/15/2038 | 25,000 | 36,401 | ||||||
�� | ||||||||
180,693 | ||||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Xerox Corp. 4.50%, 5/15/2021 | 45,000 | 47,249 | ||||||
OIL, GAS & CONSUMABLE FUELS — 10.5% | ||||||||
Alberta Energy Co., Ltd. 7.38%, 11/1/2031 | 45,000 | 59,079 | ||||||
Anadarko Petroleum Corp. 5.95%, 9/15/2016 | 25,000 | 28,783 | ||||||
Apache Corp. 6.00%, 9/15/2013 | 25,000 | 25,950 | ||||||
Baker Hughes, Inc. 3.20%, 8/15/2021 | 50,000 | 53,303 | ||||||
Boardwalk Pipelines LP 5.88%, 11/15/2016 | 25,000 | 28,029 | ||||||
BP Capital Markets PLC 3.25%, 5/6/2022 | 50,000 | 52,461 | ||||||
Buckeye Partners LP 4.88%, 2/1/2021 | 50,000 | 51,438 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
5.15%, 2/1/2013 | 25,000 | 25,088 | ||||||
6.50%, 2/15/2037 | 100,000 | 130,367 | ||||||
Cenovus Energy, Inc. 6.75%, 11/15/2039 | 25,000 | 33,928 | ||||||
Chevron Corp. 4.95%, 3/3/2019 | 35,000 | 41,644 | ||||||
ConocoPhillips 4.60%, 1/15/2015 | 50,000 | 54,044 | ||||||
DCP Midstream Operating LP 3.25%, 10/1/2015 | 50,000 | 51,864 | ||||||
Devon Financing Corp. ULC 7.88%, 9/30/2031 | 25,000 | 36,229 | ||||||
Diamond Offshore Drilling, Inc. 5.88%, 5/1/2019 | 50,000 | 61,816 | ||||||
El Paso Natural Gas Co. LLC 8.38%, 6/15/2032 | 100,000 | 140,472 | ||||||
Enbridge Energy Partners LP 4.20%, 9/15/2021 | 100,000 | 106,616 | ||||||
Enbridge, Inc. 5.60%, 4/1/2017 | 50,000 | 57,415 | ||||||
Energy Transfer Partners LP 9.00%, 4/15/2019 | 25,000 | 32,704 | ||||||
Eni USA, Inc. 7.30%, 11/15/2027 | 35,000 | 47,346 | ||||||
Ensco PLC 4.70%, 3/15/2021 | 50,000 | 56,657 | ||||||
Enterprise Products Operating LLC, Series G 5.60%, 10/15/2014 | 35,000 | 38,009 | ||||||
EOG Resources, Inc. 4.40%, 6/1/2020 | 50,000 | 57,871 | ||||||
EQT Corp. 6.50%, 4/1/2018 | 50,000 | 58,661 | ||||||
Hess Corp. 7.88%, 10/1/2029 | 25,000 | 34,753 | ||||||
Husky Energy, Inc. 5.90%, 6/15/2014 | 25,000 | 26,765 | ||||||
Kinder Morgan Energy Partners LP 6.50%, 9/1/2039 | 35,000 | 43,547 | ||||||
Magellan Midstream Partners LP 6.55%, 7/15/2019 | 50,000 | 61,985 | ||||||
Marathon Petroleum Corp. 5.13%, 3/1/2021 | 50,000 | 58,643 | ||||||
Murphy Oil Corp. 7.05%, 5/1/2029 | 50,000 | 59,622 |
See accompanying notes to financial statements.
141
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Nexen, Inc. 6.40%, 5/15/2037 | $ | 30,000 | $ | 38,825 | ||||
Noble Energy, Inc. 8.25%, 3/1/2019 | 25,000 | 32,920 | ||||||
Noble Holding International, Ltd. 4.63%, 3/1/2021 | 50,000 | 55,284 | ||||||
Northern Border Pipeline Co. 7.50%, 9/15/2021 | 25,000 | 31,594 | ||||||
Occidental Petroleum Corp. 4.10%, 2/1/2021 | 50,000 | 57,007 | ||||||
ONEOK Partners LP: | ||||||||
3.25%, 2/1/2016 | 30,000 | 31,565 | ||||||
6.13%, 2/1/2041 | 65,000 | 78,357 | ||||||
ONEOK, Inc. 5.20%, 6/15/2015 | 50,000 | 54,504 | ||||||
Panhandle Eastern Pipeline Co. LP 6.20%, 11/1/2017 | 25,000 | 29,895 | ||||||
Petro-Canada 6.05%, 5/15/2018 | 25,000 | 30,608 | ||||||
Pioneer Natural Resources Co. 3.95%, 7/15/2022 | 200,000 | 210,613 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. 5.75%, 1/15/2020 | 50,000 | 60,260 | ||||||
Rowan Cos., Inc. 7.88%, 8/1/2019 | 35,000 | 43,706 | ||||||
Shell International Finance BV 4.30%, 9/22/2019 | 25,000 | 28,776 | ||||||
Southern Natural Gas Co. 8.00%, 3/1/2032 | 25,000 | 35,843 | ||||||
Spectra Energy Capital LLC: | ||||||||
4.60%, 6/15/2021 | 60,000 | 64,245 | ||||||
8.00%, 10/1/2019 | 50,000 | 65,359 | ||||||
Sunoco Logistics Partners Operations LP 4.65%, 2/15/2022 | 15,000 | 16,340 | ||||||
Talisman Energy, Inc. 5.85%, 2/1/2037 | 25,000 | 28,697 | ||||||
TC Pipelines LP 4.65%, 6/15/2021 | 50,000 | 53,603 | ||||||
The Williams Cos., Inc. 7.50%, 1/15/2031 | 50,000 | 62,497 | ||||||
Total Capital SA 4.25%, 12/15/2021 | 25,000 | 28,714 | ||||||
TransCanada Pipelines, Ltd. 6.20%, 10/15/2037 | 25,000 | 33,137 | ||||||
Valero Energy Corp.: | ||||||||
6.63%, 6/15/2037 | 25,000 | 30,792 | ||||||
9.38%, 3/15/2019 | 35,000 | 48,030 | ||||||
Weatherford International, Inc. 6.35%, 6/15/2017 | 50,000 | 57,461 | ||||||
Williams Partners LP 4.13%, 11/15/2020 | 75,000 | 81,259 | ||||||
XTO Energy, Inc. 6.25%, 8/1/2017 | 50,000 | 61,815 | ||||||
3,066,795 | ||||||||
PAPER & FOREST PRODUCTS — 1.1% | ||||||||
Domtar Corp. 4.40%, 4/1/2022 | 50,000 | 50,567 | ||||||
International Paper Co. 9.38%, 5/15/2019 | 50,000 | 67,850 | ||||||
Plum Creek Timberlands LP 3.25%, 3/15/2023 | 100,000 | 97,897 | ||||||
Rayonier, Inc. 3.75%, 4/1/2022 | 100,000 | 101,938 | ||||||
318,252 | ||||||||
PERSONAL PRODUCTS — 0.3% | ||||||||
Avon Products, Inc. 4.20%, 7/15/2018 | 25,000 | 25,537 | ||||||
The Estee Lauder Cos., Inc. 6.00%, 5/15/2037 | 50,000 | 64,767 | ||||||
90,304 | ||||||||
PHARMACEUTICALS — 1.9% | ||||||||
Abbott Laboratories 6.15%, 11/30/2037 | 25,000 | 34,028 | ||||||
Allergan, Inc./United States 3.38%, 9/15/2020 | 25,000 | 26,893 | ||||||
AstraZeneca PLC 5.90%, 9/15/2017 | 25,000 | 30,339 | ||||||
Bristol-Myers Squibb Co. 6.13%, 5/1/2038 | 25,000 | 33,769 | ||||||
Eli Lilly & Co. 5.20%, 3/15/2017 | 50,000 | 58,252 | ||||||
GlaxoSmithKline Capital, Inc. 5.38%, 4/15/2034 | 25,000 | 30,110 | ||||||
Hospira, Inc. 6.05%, 3/30/2017 | 50,000 | 58,168 | ||||||
Johnson & Johnson 5.85%, 7/15/2038 | 25,000 | 34,206 | ||||||
Mead Johnson Nutrition Co. 4.90%, 11/1/2019 | 50,000 | 56,497 | ||||||
Medco Health Solutions, Inc. 6.13%, 3/15/2013 | 50,000 | 50,565 | ||||||
Merck & Co, Inc. 3.88%, 1/15/2021 | 50,000 | 55,956 | ||||||
Novartis Capital Corp. 2.90%, 4/24/2015 | 25,000 | 26,288 | ||||||
Watson Pharmaceuticals, Inc. 6.13%, 8/15/2019 | 25,000 | 30,589 | ||||||
Wyeth 5.50%, 2/1/2014 | 25,000 | 26,362 | ||||||
552,022 | ||||||||
PROFESSIONAL SERVICES — 0.2% | ||||||||
Dun & Bradstreet Corp. 2.88%, 11/15/2015 | 50,000 | 50,860 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 7.4% | ||||||||
Alexandria Real Estate Equities, Inc. 4.60%, 4/1/2022 | 100,000 | 106,465 | ||||||
AvalonBay Communities, Inc. 5.70%, 3/15/2017 | 50,000 | 57,716 | ||||||
BioMed Realty LP 3.85%, 4/15/2016 | 50,000 | 51,418 | ||||||
Boston Properties LP 4.13%, 5/15/2021 | 50,000 | 54,729 | ||||||
Brandywine Operating Partnership LP 4.95%, 4/15/2018 | 50,000 | 54,249 |
See accompanying notes to financial statements.
142
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
BRE Properties, Inc. 5.50%, 3/15/2017 | $ | 50,000 | $ | 56,342 | ||||
Camden Property Trust 4.63%, 6/15/2021 | 25,000 | 27,559 | ||||||
CommonWealth REIT 6.25%, 8/15/2016 | 50,000 | 54,006 | ||||||
Digital Realty Trust LP 3.63%, 10/1/2022 | 150,000 | 149,116 | ||||||
Duke Realty LP 6.75%, 3/15/2020 | 25,000 | 29,875 | ||||||
EPR Properties 5.75%, 8/15/2022 | 100,000 | 102,939 | ||||||
Equity One, Inc. 3.75%, 11/15/2022 | 100,000 | 99,203 | ||||||
ERP Operating LP 5.25%, 9/15/2014 | 50,000 | 53,493 | ||||||
HCP, Inc. 5.65%, 12/15/2013 | 50,000 | 52,229 | ||||||
Health Care REIT, Inc. 6.13%, 4/15/2020 | 150,000 | 175,687 | ||||||
Healthcare Realty Trust, Inc. 6.50%, 1/17/2017 | 50,000 | 57,096 | ||||||
Highwoods Realty LP 5.85%, 3/15/2017 | 30,000 | 33,711 | ||||||
Kilroy Realty LP 5.00%, 11/3/2015 | 50,000 | 54,043 | ||||||
Kimco Realty Corp. 4.30%, 2/1/2018 | 50,000 | 55,233 | ||||||
Liberty Property LP: | ||||||||
4.75%, 10/1/2020 | 70,000 | 76,154 | ||||||
6.63%, 10/1/2017 | 25,000 | 29,632 | ||||||
Mack-Cali Realty LP 7.75%, 8/15/2019 | 50,000 | 61,310 | ||||||
National Retail Properties, Inc. 3.80%, 10/15/2022 | 150,000 | 152,478 | ||||||
Realty Income Corp. 6.75%, 8/15/2019 | 50,000 | 60,858 | ||||||
Regency Centers LP 5.25%, 8/1/2015 | 50,000 | 54,199 | ||||||
Senior Housing Properties Trust 4.30%, 1/15/2016 | 50,000 | 51,033 | ||||||
Simon Property Group LP 6.13%, 5/30/2018 | 50,000 | 60,915 | ||||||
Tanger Properties LP 6.15%, 11/15/2015 | 60,000 | 67,000 | ||||||
UDR, Inc. 5.25%, 1/15/2015 | 50,000 | 53,487 | ||||||
Ventas Realty LP/Ventas Capital Corp.: | ||||||||
3.13%, 11/30/2015 | 15,000 | 15,604 | ||||||
4.75%, 6/1/2021 | 25,000 | 27,554 | ||||||
Vornado Realty LP 4.25%, 4/1/2015 | 85,000 | 89,188 | ||||||
Washington Real Estate Investment Trust 4.95%, 10/1/2020 | 50,000 | 54,614 | ||||||
2,179,135 | ||||||||
ROAD & RAIL — 1.7% | ||||||||
Canadian National Railway Co. 6.20%, 6/1/2036 | 25,000 | 34,123 | ||||||
Canadian Pacific Railway Co. 4.45%, 3/15/2023 | 50,000 | 55,417 | ||||||
Con-way, Inc.: | ||||||||
6.70%, 5/1/2034 | 75,000 | 80,075 | ||||||
7.25%, 1/15/2018 | 75,000 | 87,074 | ||||||
CSX Corp. 3.70%, 10/30/2020 | 50,000 | 53,880 | ||||||
JB Hunt Transport Services, Inc. 3.38%, 9/15/2015 | 50,000 | 51,265 | ||||||
Norfolk Southern Corp.: | ||||||||
2.90%, 2/15/2023 (a) | 32,000 | 32,156 | ||||||
3.25%, 12/1/2021 | 25,000 | 26,260 | ||||||
Ryder System, Inc. 3.15%, 3/2/2015 | 50,000 | 51,534 | ||||||
Union Pacific Corp. 5.13%, 2/15/2014 | 25,000 | 26,233 | ||||||
498,017 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.9% | ||||||||
Analog Devices, Inc. 3.00%, 4/15/2016 | 50,000 | 53,451 | ||||||
Applied Materials, Inc. 5.85%, 6/15/2041 | 30,000 | 36,871 | ||||||
Intel Corp.: | ||||||||
1.95%, 10/1/2016 | 50,000 | 51,750 | ||||||
4.80%, 10/1/2041 | 35,000 | 38,013 | ||||||
KLA-Tencor Corp. 6.90%, 5/1/2018 | 30,000 | 35,944 | ||||||
Texas Instruments, Inc. 1.38%, 5/15/2014 | 50,000 | 50,685 | ||||||
266,714 | ||||||||
SOFTWARE — 1.2% | ||||||||
Adobe Systems, Inc. 3.25%, 2/1/2015 | 25,000 | 26,182 | ||||||
BMC Software, Inc. 4.25%, 2/15/2022 | 75,000 | 75,579 | ||||||
CA, Inc. 5.38%, 12/1/2019 | 50,000 | 57,041 | ||||||
Intuit, Inc. 5.75%, 3/15/2017 | 50,000 | 57,755 | ||||||
Microsoft Corp. 1.63%, 9/25/2015 | 50,000 | 51,522 | ||||||
Oracle Corp. 6.13%, 7/8/2039 | 25,000 | 33,502 | ||||||
Symantec Corp. 2.75%, 9/15/2015 | 50,000 | 51,661 | ||||||
353,242 | ||||||||
SPECIALTY RETAIL — 1.5% | ||||||||
Advance Auto Parts, Inc. 5.75%, 5/1/2020 | 50,000 | 53,200 | ||||||
AutoZone, Inc. 5.75%, 1/15/2015 | 21,000 | 22,985 | ||||||
Family Dollar Stores, Inc. 5.00%, 2/1/2021 | 50,000 | 53,791 | ||||||
Lowe’s Cos., Inc. 3.75%, 4/15/2021 | 50,000 | 54,538 |
See accompanying notes to financial statements.
143
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
O’Reilly Automotive, Inc. 4.63%, 9/15/2021 | $ | 25,000 | $ | 27,593 | ||||
Staples, Inc. 9.75%, 1/15/2014 | 35,000 | 38,079 | ||||||
The Gap, Inc. 5.95%, 4/12/2021 | 50,000 | 57,019 | ||||||
The Home Depot, Inc. 5.40%, 9/15/2040 | 25,000 | 31,186 | ||||||
TJX Cos., Inc. 6.95%, 4/15/2019 | 75,000 | 94,322 | ||||||
432,713 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.1% | ||||||||
V.F. Corp. 6.45%, 11/1/2037 | 25,000 | 33,970 | ||||||
THRIFTS & MORTGAGE FINANCE — 0.2% | ||||||||
First Niagara Financial Group, Inc. 6.75%, 3/19/2020 | 60,000 | 71,089 | ||||||
TOBACCO — 0.6% | ||||||||
Altria Group, Inc. 9.25%, 8/6/2019 | 25,000 | 34,565 | ||||||
Lorillard Tobacco Co. 3.50%, 8/4/2016 | 25,000 | 26,546 | ||||||
Philip Morris International, Inc. 6.38%, 5/16/2038 | 25,000 | 33,789 | ||||||
Reynolds American, Inc.: | ||||||||
3.25%, 11/1/2022 | 50,000 | 50,431 | ||||||
7.75%, 6/1/2018 | 25,000 | 32,024 | ||||||
177,355 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.4% | ||||||||
America Movil SAB de CV 6.13%, 3/30/2040 | 100,000 | 131,519 | ||||||
American Tower Corp. 4.50%, 1/15/2018 | 50,000 | 54,665 | ||||||
AT&T, Inc. 2.50%, 8/15/2015 | 50,000 | 52,105 | ||||||
Cellco Partnership/Verizon Wireless Capital LLC 8.50%, 11/15/2018 | 25,000 | 34,400 | ||||||
Deutsche Telekom International Finance BV 8.75%, 6/15/2030 | 20,000 | 29,959 | ||||||
France Telecom SA 4.38%, 7/8/2014 | 50,000 | 52,575 | ||||||
Koninklijke KPN NV 8.38%, 10/1/2030 | 35,000 | 45,707 | ||||||
Rogers Communications, Inc. 6.38%, 3/1/2014 | 50,000 | 53,168 | ||||||
Telecom Italia Capital SA 7.18%, 6/18/2019 | 50,000 | 57,625 | ||||||
Telefonica Emisiones SAU 3.99%, 2/16/2016 | 50,000 | 51,875 | ||||||
US Cellular Corp. 6.70%, 12/15/2033 | 50,000 | 51,854 | ||||||
Vodafone Group PLC: | ||||||||
4.15%, 6/10/2014 | 50,000 | 52,461 | ||||||
6.15%, 2/27/2037 | 25,000 | 32,917 | ||||||
700,830 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $27,577,801) | 28,935,768 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 1.4% | ||||||||
MONEY MARKET FUND — 1.4% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (b)(c)(d) (Cost $406,005) | 406,005 | 406,005 | ||||||
TOTAL INVESTMENTS — 100.1% (e) | ||||||||
(Cost $27,983,806) | 29,341,773 | |||||||
OTHER ASSETS & LIABILITIES — (0.1)% | (28,775 | ) | ||||||
NET ASSETS — 100.0% | $ | 29,312,998 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.7% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(c) | The rate shown is the annualized seven-day yield at period end. | |||||
(d) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(e) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
ULC = Unlimited Liability Corporation
See accompanying notes to financial statements.
144
SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CONVERTIBLE CORPORATE BONDS & NOTES — 73.5% | ||||||||
AEROSPACE & DEFENSE — 0.7% | ||||||||
L-3 Communications Holdings, Inc. 3.00%, 8/1/2035 (a) | $ | 6,046,000 | $ | 6,122,965 | ||||
AUTOMOBILES — 1.8% | ||||||||
Ford Motor Co. 4.25%, 11/15/2016 (a) | 7,463,000 | 11,888,559 | ||||||
Navistar International Corp. 3.00%, 10/15/2014 (a) | 5,022,000 | 4,613,711 | ||||||
16,502,270 | ||||||||
BEVERAGES — 0.6% | ||||||||
Molson Coors Brewing Co. 2.50%, 7/30/2013 (a) | 5,044,000 | 5,119,862 | ||||||
BIOTECHNOLOGY — 8.7% | ||||||||
Amgen, Inc. 0.38%, 2/1/2013 (a) | 21,133,000 | 23,521,029 | ||||||
Dendreon Corp. 2.88%, 1/15/2016 | 4,870,000 | 3,639,838 | ||||||
Gilead Sciences, Inc.: | ||||||||
0.63%, 5/1/2013 | 5,197,000 | 10,018,569 | ||||||
1.00%, 5/1/2014 | 10,488,000 | 17,194,447 | ||||||
1.63%, 5/1/2016 | 10,782,000 | 18,184,921 | ||||||
Illumina, Inc. 0.25%, 3/15/2016 (b) | 7,500,000 | 7,252,875 | ||||||
79,811,679 | ||||||||
BUILDING PRODUCTS — 2.5% | ||||||||
Cemex SAB de CV: | ||||||||
3.25%, 3/15/2016 | 8,587,000 | 9,720,484 | ||||||
3.75%, 3/15/2018 (a) | 6,288,000 | 7,134,365 | ||||||
4.88%, 3/15/2015 (a) | 5,680,000 | 6,177,000 | ||||||
23,031,849 | ||||||||
CAPITAL MARKETS — 0.7% | ||||||||
Ares Capital Corp. 5.75%, 2/1/2016 | 5,648,000 | 6,108,312 | ||||||
COMMUNICATIONS EQUIPMENT — 1.0% | ||||||||
Alcatel-Lucent USA, Inc. Series B, 2.88%, 6/15/2025 (a) | 6,098,000 | 6,132,332 | ||||||
Ciena Corp. 0.88%, 6/15/2017 (a) | 3,800,000 | 3,264,200 | ||||||
9,396,532 | ||||||||
COMPUTERS & PERIPHERALS — 5.8% | ||||||||
EMC Corp. 1.75%, 12/1/2013 | 14,750,000 | 23,521,973 | ||||||
NetApp, Inc. 1.75%, 6/1/2013 (a) | 10,649,000 | 12,007,812 | ||||||
SanDisk Corp.: | ||||||||
1.00%, 5/15/2013 (a) | 8,008,000 | 7,979,235 | ||||||
1.50%, 8/15/2017 (a) | 8,144,000 | 9,457,220 | ||||||
52,966,240 | ||||||||
CONTAINERS & PACKAGING — 0.6% | ||||||||
Owens-Brockway Glass Container, Inc. 3.00%, 6/1/2015 (b) | 5,903,000 | 5,849,773 | ||||||
ELECTRICAL EQUIPMENT — 0.2% | ||||||||
Suntech Power Holdings Co., Ltd. 3.00%, 3/15/2013 | 4,370,000 | 1,933,725 | ||||||
FOOD PRODUCTS — 1.1% | ||||||||
Archer-Daniels-Midland Co. 0.88%, 2/15/2014 | 10,017,000 | 10,037,034 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 3.2% | ||||||||
Hologic, Inc.: | ||||||||
2.00%, 12/15/2037 (a)(c) | 6,381,000 | 6,345,904 | ||||||
2.00%, 3/1/2042 (a)(c) | 4,250,000 | 4,201,355 | ||||||
Medtronic, Inc. 1.63%, 4/15/2013 (a) | 18,787,000 | 18,843,361 | ||||||
29,390,620 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.0% | ||||||||
LifePoint Hospitals, Inc. 3.50%, 5/15/2014 | 4,888,000 | 5,028,041 | ||||||
WellPoint, Inc. 2.75%, 10/15/2042 (b) | 12,750,000 | 13,672,845 | ||||||
18,700,886 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.9% | ||||||||
International Game Technology 3.25%, 5/1/2014 (a) | 7,198,000 | 7,547,103 | ||||||
MGM Resorts International 4.25%, 4/15/2015 | 9,664,000 | 10,222,579 | ||||||
17,769,682 | ||||||||
HOUSEHOLD DURABLES — 1.1% | ||||||||
D.R. Horton, Inc. 2.00%, 5/15/2014 | 4,254,000 | 6,666,869 | ||||||
Jarden Corp. 1.88%, 9/15/2018 (b) | 3,750,000 | 3,802,912 | ||||||
10,469,781 | ||||||||
INSURANCE — 0.5% | ||||||||
Old Republic International Corp. 3.75%, 3/15/2018 (a) | 4,411,000 | 4,590,395 | ||||||
INTERNET & CATALOG RETAIL — 2.0% | ||||||||
priceline.com, Inc.: | ||||||||
1.00%, 3/15/2018 (a)(b) | 8,350,000 | 8,924,564 | ||||||
1.25%, 3/15/2015 (b) | 4,420,000 | 9,150,549 | ||||||
18,075,113 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.9% | ||||||||
TIBCO Software, Inc. 2.25%, 5/1/2032 (a)(b) | 4,850,000 | 4,611,070 | ||||||
VeriSign, Inc. 3.25%, 8/15/2037 (a) | 10,498,000 | 13,336,659 | ||||||
17,947,729 | ||||||||
IT SERVICES — 1.4% | ||||||||
Alliance Data Systems Corp. 1.75%, 8/1/2013 | 6,826,000 | 12,573,219 | ||||||
MARINE — 0.5% | ||||||||
DryShips, Inc. 5.00%, 12/1/2014 | 5,866,000 | 4,567,655 | ||||||
MEDIA — 4.3% | ||||||||
Liberty Media LLC 3.13%, 3/30/2023 | 9,690,000 | 13,984,608 | ||||||
Virgin Media, Inc. 6.50%, 11/15/2016 | 8,447,000 | 17,391,697 |
See accompanying notes to financial statements.
145
SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
XM Satellite Radio, Inc. 7.00%, 12/1/2014 (b) | $ | 4,515,000 | $ | 7,784,583 | ||||
39,160,888 | ||||||||
METALS & MINING — 5.7% | ||||||||
Alcoa, Inc. 5.25%, 3/15/2014 | 5,168,000 | 7,396,855 | ||||||
AngloGold Ashanti, Holdings Finance PLC 3.50%, 5/22/2014 (b) | 6,124,000 | 6,394,987 | ||||||
ArcelorMittal 5.00%, 5/15/2014 | 6,431,000 | 6,681,809 | ||||||
Goldcorp, Inc. 2.00%, 8/1/2014 (a) | 7,187,000 | 7,945,588 | ||||||
Newmont Mining Corp.: | ||||||||
1.25%, 7/15/2014 (a) | 4,873,000 | 5,783,764 | ||||||
1.63%, 7/15/2017 (a) | 4,771,000 | 6,233,788 | ||||||
Sterlite Industries India, Ltd. 4.00%, 10/30/2014 | 4,450,000 | 4,263,545 | ||||||
United States Steel Corp. 4.00%, 5/15/2014 | 7,232,000 | 7,782,066 | ||||||
52,482,402 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 3.9% | ||||||||
Chesapeake Energy Corp. 2.50%, 5/15/2037 (a) | 17,673,000 | 15,968,439 | ||||||
Cobalt International Energy, Inc. 2.63%, 12/1/2019 | 10,500,000 | 10,502,100 | ||||||
Massey Energy Co. 3.25%, 8/1/2015 | 2,500,000 | 2,402,165 | ||||||
Peabody Energy Corp. 4.75%, 12/15/2066 (a) | 5,573,000 | 5,364,196 | ||||||
USEC, Inc. 3.00%, 10/1/2014 | 4,825,000 | 1,845,563 | ||||||
36,082,463 | ||||||||
PHARMACEUTICALS — 2.8% | ||||||||
Medicis Pharmaceutical Corp. 1.38%, 6/1/2017 (a)(d) | 4,500,000 | 4,916,250 | ||||||
Mylan, Inc. 3.75%, 9/15/2015 | 4,905,000 | 10,410,225 | ||||||
Salix Pharmaceuticals, Ltd. 1.50%, 3/15/2019 (b) | 6,000,000 | 5,756,718 | ||||||
Teva Pharmaceutical Finance Co. LLC Series C 0.25%, 2/1/2026 (a) | 4,250,000 | 4,340,567 | ||||||
25,423,760 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.4% | ||||||||
Annaly Capital Management, Inc. 5.00%, 5/15/2015 | 6,500,000 | 6,567,405 | ||||||
Boston Properties LP 3.63%, 2/15/2014 (b) | 6,077,000 | 6,407,649 | ||||||
12,975,054 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 10.1% | ||||||||
Advanced Micro Devices, Inc. 6.00%, 5/1/2015 | 4,724,000 | 4,434,485 | ||||||
Intel Corp.: | ||||||||
2.95%, 12/15/2035 (a) | 13,844,000 | 14,319,265 | ||||||
3.25%, 8/1/2039 | 17,220,000 | 20,217,313 | ||||||
Linear Technology Corp. Series A 3.00%, 5/1/2027 (a) | 7,180,000 | 7,503,818 | ||||||
Microchip Technology, Inc. 2.13%, 12/15/2037 (a) | 9,510,000 | 11,914,033 | ||||||
Micron Technology, Inc.: | ||||||||
1.88%, 6/1/2014 (a) | 8,285,000 | 8,239,408 | ||||||
2.38%, 5/1/2032 (a)(b) | 4,500,000 | 4,333,477 | ||||||
Novellus Systems, Inc. 2.63%, 5/15/2041 | 5,950,000 | 7,396,742 | ||||||
Xilinx, Inc.: | ||||||||
2.63%, 6/15/2017 (a) | 4,840,000 | 6,572,962 | ||||||
3.13%, 3/15/2037 (a) | 5,873,000 | 7,450,253 | ||||||
92,381,756 | ||||||||
SOFTWARE — 4.4% | ||||||||
Electronic Arts, Inc. 0.75%, 7/15/2016 | 5,750,000 | 5,297,027 | ||||||
Microsoft Corp. Zero Coupon, 6/15/2013 (a)(b)(e) | 10,393,000 | 10,405,679 | ||||||
Nuance Communications, Inc. 2.75%, 11/1/2031 (a) | 5,450,000 | 5,905,729 | ||||||
Salesforce.com, Inc. 0.75%, 1/15/2015 | 4,918,000 | 9,816,820 | ||||||
Symantec Corp. 1.00%, 6/15/2013 | 8,502,000 | 9,135,399 | ||||||
40,560,654 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.7% | ||||||||
Clearwire Communications LLC/Clearwire Finance, Inc. 8.25%, 12/1/2040 (b) | 6,273,000 | 6,942,956 | ||||||
SBA Communications Corp.: | ||||||||
1.88%, 5/1/2013 | 4,939,000 | 8,441,443 | ||||||
4.00%, 10/1/2014 | 4,085,000 | 9,661,025 | ||||||
25,045,424 | ||||||||
TOTAL CONVERTIBLE CORPORATE BONDS & NOTES — | ||||||||
(Cost $632,614,060) | 675,077,722 | |||||||
Shares | ||||||||
CONVERTIBLE PREFERRED STOCKS — 24.9% | ||||||||
AEROSPACE & DEFENSE — 1.1% | ||||||||
United Technologies Corp. 7.50%, 8/1/2015 (a) | 187,000 | 10,417,770 | ||||||
AUTO COMPONENTS — 0.5% | ||||||||
The Goodyear Tire & Rubber Co. 5.88%, 4/1/2014 (a) | 95,500 | 4,508,555 | ||||||
AUTOMOBILES — 4.1% | ||||||||
General Motors Co. 4.75%, 12/1/2013 (a) | 856,227 | 37,785,297 | ||||||
COMMERCIAL BANKS — 4.6% | ||||||||
Wells Fargo & Co. Series L 7.50%, 12/31/2049 | 34,293 | 42,008,925 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 3.6% | ||||||||
Bank of America Corp. Series L 7.25%, 12/31/2049 (a) | 28,808 | 32,697,080 | ||||||
See accompanying notes to financial statements.
146
SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
ELECTRIC UTILITIES — 3.6% | ||||||||
AES Trust III 6.75%, 10/15/2029 (a) | 87,478 | $ | 4,343,283 | |||||
NextEra Energy, Inc.: | ||||||||
5.60%, 6/1/2015 | 85,000 | 4,237,250 | ||||||
5.89%, 9/1/2015 | 113,500 | 5,681,810 | ||||||
PPL Corp.: | ||||||||
8.75%, 5/1/2014 | 169,500 | 9,107,235 | ||||||
9.50%, 7/1/2013 (a) | 192,474 | 10,068,315 | ||||||
33,437,893 | ||||||||
FOOD PRODUCTS — 0.6% | ||||||||
Bunge, Ltd. 4.88%, 12/31/2049 (a) | 52,000 | 5,291,000 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.3% | ||||||||
Alere, Inc. Series B 3.00%, 12/31/2049 (a) | 14,461 | 2,677,310 | ||||||
INSURANCE — 2.1% | ||||||||
Hartford Financial Services Group, Inc. 7.25%, 4/1/2013 (a) | 219,200 | 4,526,480 | ||||||
MetLife, Inc. 5.00%, 9/11/2013 | 335,800 | 14,933,026 | ||||||
19,459,506 | ||||||||
MACHINERY — 0.7% | ||||||||
Stanley Black & Decker, Inc. 4.75%, 11/17/2015 (a) | 56,632 | 6,836,615 | ||||||
METALS & MINING — 0.6% | ||||||||
AngloGold Ashanti, Holdings Finance PLC 6.00%, 9/15/2013 (a) | 148,112 | 5,534,945 | ||||||
OIL, GAS & CONSUMABLE FUELS — 1.6% | ||||||||
Apache Corp. 6.00%, 8/1/2013 (a) | 211,000 | 9,642,700 | ||||||
CenterPoint Energy, Inc. 0.31%, 9/15/2029 (f) | 105,921 | 4,328,705 | ||||||
Chesapeake Energy Corp. 5.75%, 12/31/2049 (b) | 500 | 444,993 | ||||||
14,416,398 | ||||||||
REAL ESTATE INVESTMENT TRUST — 0.8% | ||||||||
Health Care REIT, Inc. Series I 6.50%, 12/31/2049 | 121,145 | 6,928,283 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.7% | ||||||||
Lucent Technologies Capital Trust I 7.75%, 3/15/2017 (a) | 7,605 | 6,309,640 | ||||||
TOTAL CONVERTIBLE PREFERRED STOCKS — | ||||||||
(Cost $233,880,702) (g) | 228,309,217 | |||||||
COMMON STOCKS — 0.5% | ||||||||
AUTO COMPONENTS — 0.5% | ||||||||
Dana Holding Corp. | 296,500 | 4,628,365 | ||||||
THRIFTS & MORTGAGE FINANCE — 0.0% (h) | ||||||||
Federal National Mortgage Association (a)(e) | 100,000 | 25,500 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,394,421) (g) | 4,653,865 | |||||||
SHORT TERM INVESTMENTS — 12.6% | ||||||||
MONEY MARKET FUNDS — 12.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (i)(j) | 99,441,045 | 99,441,045 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (j)(k) | 16,119,166 | 16,119,166 | ||||||
TOTAL SHORT TERM INVESTMENTS — (g) | ||||||||
(Cost $115,560,211) | 115,560,211 | |||||||
TOTAL INVESTMENTS — 111.5% (l) | ||||||||
(Cost $987,449,394) | 1,023,601,015 | |||||||
OTHER ASSETS & LIABILITIES — (11.5)% | (105,204,553 | ) | ||||||
NET ASSETS — 100.0% | $ | 918,396,462 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 11.1% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Step-up Bond. Coupon rate increases in increments to maturity. Rate disclosed is as of December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(d) | Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(e) | Non-income producing security. | |||||
(f) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(g) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(h) | Amount shown represents less than 0.05% of net assets. | |||||
(i) | Investments of cash collateral for securities loaned. | |||||
(j) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(k) | The rate shown is the annualized seven-day yield at period end. | |||||
(l) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
147
SPDR Barclays Mortgage Backed Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. GOVERNMENT AGENCY MBS TBA — 99.4% | ||||||||
Fannie Mae | ||||||||
3.00%, 15yr TBA (a) | $ | 300,000 | $ | 316,828 | ||||
3.50%, 15yr TBA (a) | 1,500,000 | 1,592,109 | ||||||
3.50%, 30yr TBA (a) | 2,500,000 | 2,666,406 | ||||||
4.00%, 15yr TBA (a) | 500,000 | 535,000 | ||||||
4.00%, 30yr TBA (a) | 4,250,000 | 4,556,797 | ||||||
4.50%, 15yr TBA (a) | 500,000 | 537,734 | ||||||
4.50%, 30yr TBA (a) | 1,850,000 | 1,998,578 | ||||||
5.00%, 15yr TBA (a) | 350,000 | 378,930 | ||||||
5.00%, 30yr TBA (a) | 1,850,000 | 2,004,070 | ||||||
5.50%, 15yr TBA (a)(b) | 250,000 | 268,281 | ||||||
5.50%, 30yr TBA (a) | 2,250,000 | 2,444,414 | ||||||
6.00%, 30yr TBA (a) | 500,000 | 546,094 | ||||||
Freddie Mac | ||||||||
3.00%, 15yr TBA (a) | 850,000 | 893,297 | ||||||
3.00%, 30yr TBA (a) | 1,000,000 | 1,045,625 | ||||||
3.50%, 15yr TBA (a) | 500,000 | 526,016 | ||||||
4.00%, 15yr TBA (a) | 750,000 | 794,063 | ||||||
4.50%, 30yr TBA (a) | 3,000,000 | 3,217,969 | ||||||
5.00%, 30yr TBA (a) | 2,250,000 | 2,422,617 | ||||||
Ginnie Mae | ||||||||
3.50%, 30yr TBA (a) | 1,000,000 | 1,086,875 | ||||||
4.00%, 30yr TBA (a) | 1,750,000 | 1,919,805 | ||||||
4.50%, 30yr TBA (a) | 2,750,000 | 3,011,250 | ||||||
5.00%, 30yr TBA (a) | 1,550,000 | 1,690,711 | ||||||
5.50%, 30yr TBA (a) | 750,000 | 823,242 | ||||||
TOTAL U.S. GOVERNMENT AGENCY MBS TBA — | ||||||||
(Cost $35,225,504) | 35,276,711 | |||||||
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — 0.3% | ||||||||
Ginnie Mae 4.00%, 2/15/2040 30yr (a) (Cost $89,229) | 89,076 | 98,280 | ||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 109.1% | ||||||||
MONEY MARKET FUND — 109.1% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d)(e)(f) (Cost $38,719,815) | 38,719,815 | 38,719,815 | ||||||
TOTAL INVESTMENTS — 208.8% (g) | ||||||||
(Cost $74,034,548) | 74,094,806 | |||||||
OTHER ASSETS & LIABILITIES — (108.8)% | (38,600,359 | ) | ||||||
NET ASSETS — 100.0% | $ | 35,494,447 | ||||||
(a) | When-issued security. | |||||
(b) | Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(c) | Security, or a portion of the security has been designated as collateral for TBA securities. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(g) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
TBA = To Be Announced
See accompanying notes to financial statements.
148
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 24.7% | ||||||||
AEROSPACE & DEFENSE — 0.4% | ||||||||
Honeywell International, Inc.: | ||||||||
4.25%, 3/1/2021 (a) | $ | 50,000 | $ | 58,449 | ||||
5.38%, 3/1/2041 (a) | 100,000 | 126,549 | ||||||
L-3 Communications Corp. 3.95%, 11/15/2016 | 100,000 | 108,331 | ||||||
Lockheed Martin Corp. 3.35%, 9/15/2021 | 250,000 | 263,579 | ||||||
Northrop Grumman Corp. 3.70%, 8/1/2014 (a) | 250,000 | 261,372 | ||||||
Precision Castparts Corp. 2.50%, 1/15/2023 | 100,000 | 100,291 | ||||||
Raytheon Co. 2.50%, 12/15/2022 | 125,000 | 123,941 | ||||||
The Boeing Co.: | ||||||||
3.50%, 2/15/2015 | 250,000 | 264,705 | ||||||
6.13%, 2/15/2033 | 165,000 | 217,877 | ||||||
United Technologies Corp.: | ||||||||
4.50%, 4/15/2020 | 60,000 | 70,139 | ||||||
5.38%, 12/15/2017 | 250,000 | 297,196 | ||||||
5.70%, 4/15/2040 | 210,000 | 272,013 | ||||||
6.05%, 6/1/2036 | 100,000 | 129,591 | ||||||
2,294,033 | ||||||||
AIR FREIGHT & LOGISTICS — 0.1% | ||||||||
FedEx Corp. 2.63%, 8/1/2022 (a) | 100,000 | 99,394 | ||||||
United Parcel Service, Inc.: | ||||||||
3.88%, 4/1/2014 | 250,000 | 260,491 | ||||||
6.20%, 1/15/2038 | 100,000 | 135,052 | ||||||
494,937 | ||||||||
AIRLINES — 0.1% | ||||||||
Continental Airlines 2012-1 Pass Through Trust, Class A 4.15%, 4/11/2024 | 100,000 | 105,125 | ||||||
Continental Airlines 2012-2 Pass Through Trust, Class A 4.00%, 10/29/2026 (a) | 20,000 | 20,975 | ||||||
Delta Air Lines 2010-2 Pass Through Trust, Class A 4.95%, 5/25/2019 | 86,933 | 94,649 | ||||||
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 6/3/2025 | 100,000 | 102,000 | ||||||
322,749 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc.: | ||||||||
4.25%, 3/1/2021 (a) | 60,000 | 65,636 | ||||||
5.50%, 1/15/2016 (a) | 250,000 | 279,466 | ||||||
345,102 | ||||||||
BEVERAGES — 0.6% | ||||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
1.50%, 7/14/2014 | 500,000 | 507,081 | ||||||
5.38%, 1/15/2020 | 335,000 | 406,512 | ||||||
6.38%, 1/15/2040 | 250,000 | 351,414 | ||||||
Bottling Group LLC 6.95%, 3/15/2014 (a) | 200,000 | 215,097 | ||||||
Diageo Capital PLC 5.75%, 10/23/2017 (a) | 250,000 | 300,983 | ||||||
Dr. Pepper Snapple Group, Inc. 3.20%, 11/15/2021 (a) | 150,000 | 156,358 | ||||||
PepsiCo, Inc.: | ||||||||
0.75%, 3/5/2015 | 500,000 | 501,917 | ||||||
2.75%, 3/5/2022 (a) | 350,000 | 360,703 | ||||||
3.60%, 8/13/2042 | 100,000 | 95,662 | ||||||
4.50%, 1/15/2020 | 100,000 | 116,360 | ||||||
The Coca-Cola Co.: | ||||||||
1.50%, 11/15/2015 (a) | 600,000 | 614,790 | ||||||
3.15%, 11/15/2020 | 70,000 | 76,118 | ||||||
3,702,995 | ||||||||
BIOTECHNOLOGY — 0.2% | ||||||||
Amgen, Inc.: | ||||||||
1.88%, 11/15/2014 | 350,000 | 356,960 | ||||||
4.10%, 6/15/2021 | 100,000 | 111,829 | ||||||
4.50%, 3/15/2020 | 50,000 | 56,742 | ||||||
5.15%, 11/15/2041 | 324,000 | 367,733 | ||||||
5.75%, 3/15/2040 | 55,000 | 65,951 | ||||||
Gilead Sciences, Inc. 4.50%, 4/1/2021 (a) | 200,000 | 226,561 | ||||||
Life Technologies Corp. 6.00%, 3/1/2020 | 100,000 | 117,471 | ||||||
1,303,247 | ||||||||
BUILDING MATERIALS — 0.0% (b) | ||||||||
CRH America, Inc. 6.00%, 9/30/2016 | 100,000 | 112,378 | ||||||
BUILDING PRODUCTS — 0.0% (b) | ||||||||
Owens Corning 4.20%, 12/15/2022 | 138,000 | 139,699 | ||||||
CAPITAL MARKETS — 1.0% | ||||||||
BlackRock, Inc. 3.50%, 12/10/2014 (a) | 300,000 | 316,753 | ||||||
Jefferies Group, Inc. 5.13%, 4/13/2018 | 300,000 | 315,000 | ||||||
Morgan Stanley: | ||||||||
3.80%, 4/29/2016 | 500,000 | 523,612 | ||||||
4.75%, 3/22/2017 | 100,000 | 109,105 | ||||||
4.88%, 11/1/2022 (a) | 63,000 | 65,125 | ||||||
5.75%, 1/25/2021 | 500,000 | 567,292 | ||||||
6.00%, 5/13/2014 | 560,000 | 592,752 | ||||||
6.63%, 4/1/2018 | 390,000 | 457,835 | ||||||
Svensk Exportkredit AB 5.13%, 3/1/2017 (a) | 205,000 | 238,595 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
1.20%, 2/20/2015 | 200,000 | 201,615 | ||||||
3.55%, 9/23/2021 (a) | 100,000 | 108,546 | ||||||
4.30%, 5/15/2014 (a) | 300,000 | 315,346 | ||||||
The Charles Schwab Corp. 0.85%, 12/4/2015 | 100,000 | 100,281 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
3.70%, 8/1/2015 | 500,000 | 527,081 | ||||||
5.35%, 1/15/2016 | 555,000 | 613,588 | ||||||
5.95%, 1/15/2027 | 595,000 | 642,333 |
See accompanying notes to financial statements.
149
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.13%, 2/15/2033 (a) | $ | 400,000 | $ | 466,370 | ||||
6,161,229 | ||||||||
CHEMICALS — 0.4% | ||||||||
Agrium, Inc. 3.15%, 10/1/2022 | 150,000 | 148,912 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
5.25%, 12/15/2016 | 255,000 | 295,459 | ||||||
5.75%, 3/15/2019 (a) | 250,000 | 303,359 | ||||||
Ecolab, Inc. 4.35%, 12/8/2021 | 100,000 | 111,867 | ||||||
Monsanto Co. 2.20%, 7/15/2022 | 100,000 | 98,835 | ||||||
Potash Corp. of Saskatchewan, Inc. 5.88%, 12/1/2036 | 100,000 | 125,180 | ||||||
PPG Industries, Inc.: | ||||||||
2.70%, 8/15/2022 | 200,000 | 198,036 | ||||||
6.65%, 3/15/2018 | 100,000 | 123,789 | ||||||
Praxair, Inc. 3.00%, 9/1/2021 | 250,000 | 262,731 | ||||||
RPM International, Inc. 3.45%, 11/15/2022 | 100,000 | 98,618 | ||||||
The Dow Chemical Co.: | ||||||||
5.25%, 11/15/2041 | 250,000 | 280,450 | ||||||
8.55%, 5/15/2019 | 330,000 | 446,522 | ||||||
The Sherwin-Williams��Co. 4.00%, 12/15/2042 | 88,000 | 88,204 | ||||||
2,581,962 | ||||||||
COMMERCIAL BANKS — 4.0% | ||||||||
African Development Bank 1.25%, 9/2/2016 | 200,000 | 204,920 | ||||||
Asian Development Bank: | ||||||||
1.75%, 3/21/2019 | 500,000 | 518,481 | ||||||
2.50%, 3/15/2016 | 200,000 | 212,799 | ||||||
2.63%, 2/9/2015 | 200,000 | 209,393 | ||||||
2.75%, 5/21/2014 | 205,000 | 211,959 | ||||||
Bancolombia SA 5.13%, 9/11/2022 (a) | 275,000 | 286,000 | ||||||
Bank of Nova Scotia 2.90%, 3/29/2016 (a) | 100,000 | 105,831 | ||||||
Barclays Bank PLC 3.90%, 4/7/2015 | 600,000 | 636,769 | ||||||
BB&T Corp.: | ||||||||
2.05%, 4/28/2014 | 100,000 | 101,788 | ||||||
3.95%, 4/29/2016 | 100,000 | 109,230 | ||||||
BNP Paribas 5.00%, 1/15/2021 | 350,000 | 393,101 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
4.50%, 1/11/2021 | 100,000 | 112,169 | ||||||
5.25%, 5/24/2041 | 250,000 | 292,070 | ||||||
Corp. Andina de Fomento 3.75%, 1/15/2016 | 100,000 | 105,539 | ||||||
Council Of Europe Development Bank 1.25%, 9/22/2016 | 350,000 | 355,366 | ||||||
Credit Suisse of New York, NY: | ||||||||
4.38%, 8/5/2020 | 600,000 | 679,719 | ||||||
5.40%, 1/14/2020 | 100,000 | 112,109 | ||||||
5.50%, 5/1/2014 | 300,000 | 318,856 | ||||||
Deutsche Bank AG London 6.00%, 9/1/2017 | 250,000 | 299,062 | ||||||
European Bank for Reconstruction & Development 2.50%, 3/15/2016 (a) | 450,000 | 478,059 | ||||||
European Investment Bank: | ||||||||
1.13%, 4/15/2015 (a) | 1,000,000 | 1,014,752 | ||||||
2.38%, 3/14/2014 | 545,000 | 558,203 | ||||||
2.50%, 5/16/2016 (a) | 950,000 | 1,007,346 | ||||||
2.75%, 3/23/2015 | 300,000 | 314,974 | ||||||
4.00%, 2/16/2021 (a) | 650,000 | 757,962 | ||||||
Export-Import Bank of Korea: | ||||||||
4.13%, 9/9/2015 | 200,000 | 215,140 | ||||||
5.88%, 1/14/2015 | 205,000 | 224,077 | ||||||
Fifth Third Bancorp 3.63%, 1/25/2016 | 100,000 | 106,760 | ||||||
HSBC Bank USA NA 4.63%, 4/1/2014 | 220,000 | 227,913 | ||||||
HSBC Finance Corp. 5.25%, 1/15/2014 (a) | 200,000 | 208,757 | ||||||
HSBC Holdings PLC: | ||||||||
4.00%, 3/30/2022 (a) | 500,000 | 548,697 | ||||||
6.50%, 9/15/2037 | 250,000 | 307,895 | ||||||
6.80%, 6/1/2038 (a) | 100,000 | 127,847 | ||||||
Inter-American Development Bank: | ||||||||
1.75%, 8/24/2018 | 500,000 | 520,436 | ||||||
5.13%, 9/13/2016 | 405,000 | 472,411 | ||||||
International Bank for Reconstruction & Development: | ||||||||
1.00%, 9/15/2016 | 600,000 | 610,610 | ||||||
2.13%, 3/15/2016 | 200,000 | 210,617 | ||||||
2.38%, 5/26/2015 | 300,000 | 314,034 | ||||||
4.75%, 2/15/2035 | 80,000 | 100,668 | ||||||
International Finance Corp. 2.25%, 4/11/2016 | 650,000 | 687,009 | ||||||
Key Bank NA 5.80%, 7/1/2014 | 205,000 | 218,810 | ||||||
Korea Development Bank 4.00%, 9/9/2016 | 100,000 | 107,940 | ||||||
Kreditanstalt fuer Wiederaufbau: | ||||||||
1.00%, 1/12/2015 | 200,000 | 202,321 | ||||||
2.00%, 10/4/2022 (a) | 125,000 | 125,600 | ||||||
2.38%, 8/25/2021 | 700,000 | 730,749 | ||||||
2.63%, 2/16/2016 | 1,950,000 | 2,071,734 | ||||||
2.75%, 9/8/2020 (a) | 100,000 | 108,127 | ||||||
4.50%, 7/16/2018 (a) | 215,000 | 253,655 | ||||||
Landwirtschaftliche Rentenbank: | ||||||||
1.88%, 9/17/2018 | 400,000 | 416,671 | ||||||
3.13%, 7/15/2015 | 200,000 | 213,161 | ||||||
National Australia Bank/New York 2.75%, 3/9/2017 (a) | 150,000 | 157,792 | ||||||
Nordic Investment Bank 2.50%, 7/15/2015 | 350,000 | 368,622 | ||||||
Oesterreichische Kontrollbank AG 2.00%, 6/3/2016 (a) | 200,000 | 207,782 | ||||||
PNC Funding Corp.: | ||||||||
5.13%, 2/8/2020 | 150,000 | 177,651 | ||||||
5.25%, 11/15/2015 | 350,000 | 389,871 |
See accompanying notes to financial statements.
150
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Royal Bank of Canada: | ||||||||
0.63%, 12/4/2015 | $ | 100,000 | $ | 99,870 | ||||
1.13%, 1/15/2014 | 100,000 | 100,540 | ||||||
1.20%, 9/19/2017 | 100,000 | 100,240 | ||||||
2.30%, 7/20/2016 | 305,000 | 317,538 | ||||||
SunTrust Bank/Atlanta GA 5.00%, 9/1/2015 | 16,000 | 17,369 | ||||||
SunTrust Banks, Inc. 7.25%, 3/15/2018 | 60,000 | 73,118 | ||||||
The Korea Development Bank 3.50%, 8/22/2017 | 250,000 | 267,267 | ||||||
The Royal Bank of Scotland PLC 4.38%, 3/16/2016 | 500,000 | 542,943 | ||||||
The Toronto-Dominion Bank 2.38%, 10/19/2016 (a) | 100,000 | 104,478 | ||||||
Union Bank NA 5.95%, 5/11/2016 | 100,000 | 113,066 | ||||||
US Bancorp 2.45%, 7/27/2015 | 100,000 | 104,446 | ||||||
US Bank NA 4.95%, 10/30/2014 | 500,000 | 538,555 | ||||||
Wachovia Bank NA 5.85%, 2/1/2037 | 200,000 | 248,760 | ||||||
Wachovia Corp. 5.63%, 10/15/2016 | 200,000 | 228,155 | ||||||
Wells Fargo & Co.: | ||||||||
1.25%, 2/13/2015 | 750,000 | 756,238 | ||||||
3.50%, 3/8/2022 (a) | 500,000 | 532,464 | ||||||
5.63%, 12/11/2017 | 150,000 | 179,248 | ||||||
Westpac Banking Corp.: | ||||||||
3.00%, 12/9/2015 (a) | 350,000 | 370,195 | ||||||
4.88%, 11/19/2019 (a) | 100,000 | 115,636 | ||||||
24,839,940 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.2% | ||||||||
Cornell University 5.45%, 2/1/2019 | 150,000 | 181,260 | ||||||
Massachusetts Institute of Technology 5.60%, 7/1/2111 | 100,000 | 141,696 | ||||||
Pitney Bowes, Inc. 5.25%, 1/15/2037 (a) | 100,000 | 104,400 | ||||||
Republic Services, Inc.: | ||||||||
4.75%, 5/15/2023 | 250,000 | 286,414 | ||||||
5.00%, 3/1/2020 (a) | 100,000 | 115,973 | ||||||
The ADT Corp. 3.50%, 7/15/2022 (c) | 150,000 | 145,875 | ||||||
The Western Union Co. 5.93%, 10/1/2016 | 100,000 | 109,879 | ||||||
Waste Management, Inc. 7.38%, 3/11/2019 | 100,000 | 126,844 | ||||||
1,212,341 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.1% | ||||||||
Cisco Systems, Inc.: | ||||||||
4.45%, 1/15/2020 (a) | 500,000 | 583,738 | ||||||
5.50%, 2/22/2016 | 240,000 | 273,987 | ||||||
857,725 | ||||||||
COMPUTERS & PERIPHERALS — 0.2% | ||||||||
Dell, Inc.: | ||||||||
2.30%, 9/10/2015 (a) | 100,000 | 102,978 | ||||||
6.50%, 4/15/2038 | 250,000 | 294,368 | ||||||
Hewlett-Packard Co.: | ||||||||
3.00%, 9/15/2016 | 350,000 | 349,789 | ||||||
4.05%, 9/15/2022 (a) | 250,000 | 244,159 | ||||||
4.30%, 6/1/2021 (a) | 100,000 | 97,943 | ||||||
6.13%, 3/1/2014 | 200,000 | 210,050 | ||||||
1,299,287 | ||||||||
CONSTRUCTION & ENGINEERING — 0.0% (b) | ||||||||
ABB Finance USA, Inc. 2.88%, 5/8/2022 | 150,000 | 153,440 | ||||||
URS Corp. 5.00%, 4/1/2022 (c) | 100,000 | 103,108 | ||||||
256,548 | ||||||||
CONSUMER FINANCE — 0.2% | ||||||||
Caterpillar Financial Services Corp.: | ||||||||
1.65%, 4/1/2014 | 250,000 | 253,632 | ||||||
2.05%, 8/1/2016 (a) | 300,000 | 310,774 | ||||||
7.15%, 2/15/2019 | 70,000 | 91,394 | ||||||
SLM Corp. 6.25%, 1/25/2016 | 700,000 | 759,500 | ||||||
1,415,300 | ||||||||
CONTAINERS & PACKAGING — 0.0% (b) | ||||||||
Bemis Co., Inc. 4.50%, 10/15/2021 | 100,000 | 106,967 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.0% (b) | ||||||||
Stanford University 4.75%, 5/1/2019 | 110,000 | 129,947 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 2.7% | ||||||||
American Express Co.: | ||||||||
2.65%, 12/2/2022 (c) | 86,000 | 85,501 | ||||||
7.25%, 5/20/2014 | 250,000 | 272,171 | ||||||
8.13%, 5/20/2019 | 75,000 | 101,620 | ||||||
American Express Credit Corp. 2.38%, 3/24/2017 | 500,000 | 522,755 | ||||||
Ameriprise Financial, Inc. 5.65%, 11/15/2015 | 100,000 | 112,820 | ||||||
Bank of America Corp.: | ||||||||
4.50%, 4/1/2015 | 1,000,000 | 1,064,904 | ||||||
5.00%, 5/13/2021 | 500,000 | 569,642 | ||||||
Bank of America NA 5.30%, 3/15/2017 | 385,000 | 432,405 | ||||||
Capital One Bank USA NA 8.80%, 7/15/2019 | 100,000 | 134,932 | ||||||
Capital One Financial Corp. 2.15%, 3/23/2015 | 500,000 | 510,379 | ||||||
Citigroup, Inc.: | ||||||||
4.45%, 1/10/2017 | 750,000 | 829,399 | ||||||
4.59%, 12/15/2015 | 200,000 | 217,888 | ||||||
5.50%, 2/15/2017 (a) | 150,000 | 166,174 | ||||||
6.00%, 10/31/2033 | 100,000 | 107,095 | ||||||
6.13%, 11/21/2017 | 250,000 | 296,687 | ||||||
6.63%, 6/15/2032 | 100,000 | 114,289 | ||||||
8.13%, 7/15/2039 | 150,000 | 223,594 |
See accompanying notes to financial statements.
151
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Ford Motor Credit Co. LLC: | ||||||||
5.88%, 8/2/2021 | $ | 500,000 | $ | 583,078 | ||||
7.00%, 4/15/2015 | 650,000 | 724,618 | ||||||
General Electric Capital Corp.: | ||||||||
2.25%, 11/9/2015 | 200,000 | 206,719 | ||||||
2.90%, 1/9/2017 | 500,000 | 528,900 | ||||||
3.15%, 9/7/2022 (a) | 200,000 | 203,902 | ||||||
4.75%, 9/15/2014 (a) | 200,000 | 213,521 | ||||||
5.63%, 5/1/2018 | 585,000 | 692,842 | ||||||
6.75%, 3/15/2032 | 340,000 | 441,459 | ||||||
6.88%, 1/10/2039 | 500,000 | 673,764 | ||||||
JPMorgan Chase & Co.: | ||||||||
3.15%, 7/5/2016 | 150,000 | 158,876 | ||||||
3.45%, 3/1/2016 | 500,000 | 532,171 | ||||||
3.70%, 1/20/2015 (a) | 600,000 | 631,544 | ||||||
4.25%, 10/15/2020 | 750,000 | 831,310 | ||||||
6.00%, 1/15/2018 | 150,000 | 179,286 | ||||||
6.40%, 5/15/2038 | 355,000 | 474,365 | ||||||
JPMorgan Chase Bank NA 6.00%, 10/1/2017 | 405,000 | 478,720 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
6.05%, 5/16/2016 (a) | 200,000 | 219,997 | ||||||
6.11%, 1/29/2037 | 350,000 | 379,444 | ||||||
6.88%, 4/25/2018 | 580,000 | 698,625 | ||||||
Moody’s Corp. 4.50%, 9/1/2022 | 100,000 | 106,472 | ||||||
National Rural Utilities Cooperative Finance Corp. 8.00%, 3/1/2032 | 210,000 | 313,366 | ||||||
Nomura Holdings, Inc.: | ||||||||
4.13%, 1/19/2016 (a) | 300,000 | 314,078 | ||||||
5.00%, 3/4/2015 (a) | 70,000 | 74,058 | ||||||
6.70%, 3/4/2020 | 21,000 | 24,367 | ||||||
ORIX Corp. 5.00%, 1/12/2016 (a) | 100,000 | 108,420 | ||||||
Private Export Funding Corp.: | ||||||||
1.38%, 2/15/2017 | 225,000 | 230,886 | ||||||
2.45%, 7/15/2024 | 200,000 | 203,454 | ||||||
Raymond James Financial, Inc. 5.63%, 4/1/2024 | 100,000 | 110,332 | ||||||
The Nasdaq OMX Group, Inc. 5.55%, 1/15/2020 (a) | 200,000 | 216,341 | ||||||
Toyota Motor Credit Corp.: | ||||||||
1.25%, 10/5/2017 | 250,000 | 250,616 | ||||||
3.30%, 1/12/2022 (a) | 150,000 | 162,079 | ||||||
UBS AG of Stamford, CT 5.75%, 4/25/2018 | 250,000 | 296,132 | ||||||
17,025,997 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.5% | ||||||||
British Telecommunications PLC 9.63%, 12/15/2030 | 250,000 | 395,029 | ||||||
CenturyLink, Inc.: | ||||||||
6.45%, 6/15/2021 | 350,000 | 380,939 | ||||||
7.65%, 3/15/2042 (a) | 250,000 | 261,200 | ||||||
Telefonica Emisiones SAU 5.46%, 2/16/2021 | 350,000 | 370,125 | ||||||
Verizon Communications, Inc.: | ||||||||
1.95%, 3/28/2014 (a) | 150,000 | 152,684 | ||||||
2.00%, 11/1/2016 | 500,000 | 517,482 | ||||||
6.40%, 2/15/2038 | 300,000 | 400,311 | ||||||
7.75%, 12/1/2030 | 200,000 | 291,130 | ||||||
8.75%, 11/1/2018 | 130,000 | 179,670 | ||||||
2,948,570 | ||||||||
ELECTRIC UTILITIES — 1.5% | ||||||||
CenterPoint Energy Houston Electric LLC 2.25%, 8/1/2022 | 100,000 | 98,578 | ||||||
Commonwealth Edison Co.: | ||||||||
1.63%, 1/15/2014 | 100,000 | 101,109 | ||||||
4.70%, 4/15/2015 | 125,000 | 135,877 | ||||||
Commonwealth Edison Co., Series 1 5.90%, 3/15/2036 | 100,000 | 128,074 | ||||||
Consolidated Edison Co. of New York, Inc.: | ||||||||
4.20%, 3/15/2042 | 100,000 | 105,621 | ||||||
4.45%, 6/15/2020 | 100,000 | 115,788 | ||||||
5.50%, 12/1/2039 (a) | 125,000 | 156,292 | ||||||
Duke Energy Carolinas LLC: | ||||||||
4.25%, 12/15/2041 | 250,000 | 262,460 | ||||||
7.00%, 11/15/2018 | 220,000 | 284,660 | ||||||
Duke Energy Corp. 2.15%, 11/15/2016 | 250,000 | 257,648 | ||||||
Edison International 3.75%, 9/15/2017 | 50,000 | 54,340 | ||||||
Entergy Corp. 4.70%, 1/15/2017 | 250,000 | 269,943 | ||||||
Entergy Texas, Inc. 7.13%, 2/1/2019 | 25,000 | 30,777 | ||||||
Exelon Generation Co. LLC 4.00%, 10/1/2020 (a) | 500,000 | 522,508 | ||||||
FirstEnergy Corp. 7.38%, 11/15/2031 | 200,000 | 256,238 | ||||||
Florida Power & Light Co. 5.69%, 3/1/2040 | 65,000 | 84,039 | ||||||
Georgia Power Co.: | ||||||||
0.75%, 8/10/2015 (a) | 250,000 | 250,629 | ||||||
4.75%, 9/1/2040 | 100,000 | 110,224 | ||||||
Great Plains Energy, Inc. 4.85%, 6/1/2021 | 50,000 | 54,771 | ||||||
Hydro Quebec 2.00%, 6/30/2016 | 350,000 | 365,360 | ||||||
Jersey Central Power & Light Co. 5.63%, 5/1/2016 | 250,000 | 285,450 | ||||||
Kentucky Utilities Co. 1.63%, 11/1/2015 | 100,000 | 102,583 | ||||||
LG&E and KU Energy LLC 3.75%, 11/15/2020 (a) | 100,000 | 105,797 | ||||||
Nevada Power Co. 5.45%, 5/15/2041 (a) | 60,000 | 72,511 | ||||||
NextEra Energy Capital Holdings, Inc.: | ||||||||
1.20%, 6/1/2015 | 50,000 | 50,355 | ||||||
4.50%, 6/1/2021 | 200,000 | 221,635 | ||||||
Nisource Finance Corp. 6.40%, 3/15/2018 | 100,000 | 121,555 | ||||||
Northern States Power Co.: | ||||||||
1.95%, 8/15/2015 | 100,000 | 103,368 | ||||||
4.85%, 8/15/2040 | 100,000 | 116,413 |
See accompanying notes to financial statements.
152
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Oncor Electric Delivery Co. LLC 6.80%, 9/1/2018 | $ | 100,000 | $ | 122,190 | ||||
Pacific Gas & Electric Co. 4.80%, 3/1/2014 | 430,000 | 450,432 | ||||||
PacifiCorp: | ||||||||
3.85%, 6/15/2021 | 250,000 | 279,682 | ||||||
4.10%, 2/1/2042 (a) | 50,000 | 51,495 | ||||||
PPL Electric Utilities Corp.: | ||||||||
2.50%, 9/1/2022 | 100,000 | 100,443 | ||||||
5.20%, 7/15/2041 | 50,000 | 60,382 | ||||||
Progress Energy, Inc. 7.75%, 3/1/2031 | 505,000 | 685,965 | ||||||
PSEG Power LLC 5.13%, 4/15/2020 (a) | 80,000 | 91,069 | ||||||
Public Service Co. of Oklahoma 4.40%, 2/1/2021 (a) | 100,000 | 112,680 | ||||||
Puget Sound Energy, Inc. 5.64%, 4/15/2041 | 80,000 | 101,753 | ||||||
San Diego Gas & Electric Co.: | ||||||||
4.30%, 4/1/2042 (a) | 250,000 | 272,823 | ||||||
6.13%, 9/15/2037 | 115,000 | 155,861 | ||||||
Scottish Power, Ltd. 5.38%, 3/15/2015 (a) | 100,000 | 106,567 | ||||||
South Carolina Electric & Gas Co. 5.45%, 2/1/2041 (a) | 100,000 | 121,674 | ||||||
Southern California Edison Co.: | ||||||||
3.88%, 6/1/2021 | 70,000 | 78,738 | ||||||
5.50%, 3/15/2040 (a) | 600,000 | 760,462 | ||||||
Southwestern Electric Power Co., Series G 6.45%, 1/15/2019 | 100,000 | 121,718 | ||||||
Tampa Electric Co. 2.60%, 9/15/2022 | 100,000 | 100,863 | ||||||
The Cleveland Electric Illuminating Co. 7.88%, 11/1/2017 | 100,000 | 125,296 | ||||||
The Southern Co. 1.95%, 9/1/2016 | 350,000 | 359,812 | ||||||
Western Massachusetts Electric Co. 3.50%, 9/15/2021 | 150,000 | 159,637 | ||||||
Wisconsin Electric Power Co. 2.95%, 9/15/2021 | 250,000 | 263,466 | ||||||
9,507,611 | ||||||||
ELECTRICAL EQUIPMENT — 0.1% | ||||||||
Agilent Technologies, Inc. 5.50%, 9/14/2015 | 250,000 | 278,128 | ||||||
Emerson Electric Co. 4.88%, 10/15/2019 | 100,000 | 117,145 | ||||||
Honeywell International, Inc. 5.30%, 3/1/2018 | 250,000 | 298,889 | ||||||
694,162 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.1% | ||||||||
Avnet, Inc. 4.88%, 12/1/2022 | 100,000 | 102,190 | ||||||
Corning, Inc. 1.45%, 11/15/2017 | 100,000 | 99,454 | ||||||
Ingram Micro, Inc. 5.00%, 8/10/2022 (a) | 100,000 | 101,479 | ||||||
303,123 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.1% | ||||||||
Nabors Industries, Inc. 4.63%, 9/15/2021 (a) | 150,000 | 160,851 | ||||||
Weatherford International, Inc. 6.80%, 6/15/2037 (a) | 239,000 | 274,261 | ||||||
435,112 | ||||||||
FOOD & STAPLES RETAILING — 0.5% | ||||||||
CVS Caremark Corp.: | ||||||||
5.75%, 6/1/2017 | 350,000 | 417,193 | ||||||
6.25%, 6/1/2027 | 150,000 | 198,458 | ||||||
Safeway, Inc. 5.63%, 8/15/2014 (a) | 215,000 | 228,111 | ||||||
The Kroger Co.: | ||||||||
5.40%, 7/15/2040 | 250,000 | 275,778 | ||||||
6.15%, 1/15/2020 | 100,000 | 122,002 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
2.80%, 4/15/2016 | 650,000 | 694,376 | ||||||
5.00%, 10/25/2040 | 100,000 | 119,016 | ||||||
5.88%, 4/5/2027 | 200,000 | 267,774 | ||||||
6.50%, 8/15/2037 | 250,000 | 348,465 | ||||||
Walgreen Co. 4.40%, 9/15/2042 (a) | 100,000 | 100,383 | ||||||
2,771,556 | ||||||||
FOOD PRODUCTS — 0.5% | ||||||||
Archer-Daniels-Midland Co. 5.38%, 9/15/2035 | 240,000 | 283,874 | ||||||
Campbell Soup Co. 3.80%, 8/2/2042 | 100,000 | 96,944 | ||||||
ConAgra Foods, Inc. 5.88%, 4/15/2014 | 250,000 | 265,723 | ||||||
General Mills, Inc. 5.70%, 2/15/2017 | 305,000 | 359,139 | ||||||
Kellogg Co.: | ||||||||
3.13%, 5/17/2022 (a) | 100,000 | 104,368 | ||||||
3.25%, 5/21/2018 | 65,000 | 70,528 | ||||||
Kraft Foods Group, Inc.: | ||||||||
2.25%, 6/5/2017 (c) | 300,000 | 310,955 | ||||||
6.88%, 1/26/2039 (c) | 100,000 | 133,846 | ||||||
Kraft Foods, Inc.: | ||||||||
4.13%, 2/9/2016 | 500,000 | 544,662 | ||||||
6.50%, 2/9/2040 | 200,000 | 267,016 | ||||||
Mondelez International, Inc. 5.38%, 2/10/2020 | 150,000 | 181,211 | ||||||
Unilever Capital Corp.: | ||||||||
0.45%, 7/30/2015 | 100,000 | 99,482 | ||||||
0.85%, 8/2/2017 (a) | 100,000 | 98,723 | ||||||
4.25%, 2/10/2021 | 250,000 | 287,926 | ||||||
3,104,397 | ||||||||
GAS UTILITIES — 0.0% (b) | ||||||||
Atmos Energy Corp. 5.50%, 6/15/2041 | 100,000 | 121,913 |
See accompanying notes to financial statements.
153
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
National Grid PLC 6.30%, 8/1/2016 | $ | 100,000 | $ | 116,316 | ||||
238,229 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.2% | ||||||||
Baxter International, Inc.: | ||||||||
2.40%, 8/15/2022 (a) | 200,000 | 199,196 | ||||||
6.25%, 12/1/2037 | 155,000 | 211,906 | ||||||
Boston Scientific Corp. 6.40%, 6/15/2016 | 100,000 | 114,740 | ||||||
Covidien International Finance SA 2.80%, 6/15/2015 (a) | 100,000 | 104,473 | ||||||
CR Bard, Inc. 1.38%, 1/15/2018 | 100,000 | 100,380 | ||||||
Medtronic, Inc.: | ||||||||
2.63%, 3/15/2016 | 100,000 | 104,736 | ||||||
3.13%, 3/15/2022 | 300,000 | 318,753 | ||||||
1,154,184 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.3% | ||||||||
Aetna, Inc. 3.95%, 9/1/2020 | 150,000 | 164,569 | ||||||
CIGNA Corp.: | ||||||||
2.75%, 11/15/2016 | 50,000 | 52,542 | ||||||
4.00%, 2/15/2022 (a) | 50,000 | 54,288 | ||||||
5.38%, 2/15/2042 (a) | 50,000 | 57,651 | ||||||
Express Scripts Holdings, Inc. 6.25%, 6/15/2014 | 205,000 | 220,660 | ||||||
Humana, Inc. 4.63%, 12/1/2042 | 100,000 | 99,975 | ||||||
Laboratory Corp. of America Holdings 2.20%, 8/23/2017 | 200,000 | 204,297 | ||||||
McKesson Corp. 4.75%, 3/1/2021 | 100,000 | 115,705 | ||||||
Quest Diagnostics, Inc. 6.95%, 7/1/2037 | 100,000 | 129,460 | ||||||
UnitedHealth Group, Inc.: | ||||||||
4.63%, 11/15/2041 | 250,000 | 268,527 | ||||||
6.00%, 2/15/2018 | 200,000 | 244,027 | ||||||
WellPoint, Inc.: | ||||||||
3.30%, 1/15/2023 | 50,000 | 51,078 | ||||||
5.80%, 8/15/2040 | 55,000 | 65,004 | ||||||
5.95%, 12/15/2034 | 350,000 | 416,138 | ||||||
2,143,921 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.1% | ||||||||
Darden Restaurants, Inc. 3.35%, 11/1/2022 (a) | 100,000 | 96,354 | ||||||
McDonald’s Corp. 5.35%, 3/1/2018 | 210,000 | 253,336 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. 3.13%, 2/15/2023 | 78,000 | 76,914 | ||||||
Wyndham Worldwide Corp. 2.95%, 3/1/2017 | 200,000 | 204,907 | ||||||
Yum! Brands, Inc. 3.75%, 11/1/2021 | 250,000 | 267,084 | ||||||
898,595 | ||||||||
HOUSEHOLD DURABLES — 0.0% (b) | ||||||||
Newell Rubbermaid, Inc. 4.70%, 8/15/2020 | 100,000 | 111,525 | ||||||
HOUSEHOLD PRODUCTS — 0.2% | ||||||||
Colgate-Palmolive Co.: | ||||||||
1.30%, 1/15/2017 | 100,000 | 101,517 | ||||||
1.95%, 2/1/2023 | 100,000 | 97,333 | ||||||
Fortune Brands, Inc. 6.38%, 6/15/2014 (a) | 100,000 | 108,123 | ||||||
Kimberly-Clark Corp.: | ||||||||
2.40%, 3/1/2022 | 100,000 | 101,260 | ||||||
5.30%, 3/1/2041 (a) | 45,000 | 57,748 | ||||||
6.63%, 8/1/2037 | 100,000 | 146,395 | ||||||
The Procter & Gamble Co.: | ||||||||
1.80%, 11/15/2015 | 350,000 | 362,220 | ||||||
5.55%, 3/5/2037 | 100,000 | 133,322 | ||||||
1,107,918 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.1% | ||||||||
Cooper US, Inc. 3.88%, 12/15/2020 | 50,000 | 54,256 | ||||||
General Electric Co.: | ||||||||
0.85%, 10/9/2015 | 75,000 | 75,097 | ||||||
2.70%, 10/9/2022 | 125,000 | 127,186 | ||||||
4.13%, 10/9/2042 | 125,000 | 128,217 | ||||||
5.25%, 12/6/2017 | 250,000 | 294,829 | ||||||
Koninklijke Philips Electronics NV 3.75%, 3/15/2022 (a) | 100,000 | 109,298 | ||||||
Tyco Electronics Group SA 4.88%, 1/15/2021 | 100,000 | 109,951 | ||||||
898,834 | ||||||||
INSURANCE — 0.9% | ||||||||
ACE INA Holdings, Inc. 5.70%, 2/15/2017 | 100,000 | 117,091 | ||||||
Aflac, Inc. 3.45%, 8/15/2015 | 100,000 | 106,318 | ||||||
American International Group, Inc.: | ||||||||
5.45%, 5/18/2017 | 490,000 | 561,295 | ||||||
8.18%, 5/15/2058 (d) | 100,000 | 130,250 | ||||||
8.25%, 8/15/2018 | 250,000 | 327,764 | ||||||
AON Corp. 3.13%, 5/27/2016 | 100,000 | 105,148 | ||||||
Berkshire Hathaway, Inc.: | ||||||||
1.90%, 1/31/2017 (a) | 500,000 | 515,177 | ||||||
3.75%, 8/15/2021 (a) | 100,000 | 109,501 | ||||||
CNA Financial Corp. 7.35%, 11/15/2019 | 100,000 | 125,296 | ||||||
Genworth Financial, Inc. 7.70%, 6/15/2020 | 100,000 | 109,000 | ||||||
Hartford Financial Services Group, Inc.: | ||||||||
4.00%, 3/30/2015 | 100,000 | 105,156 | ||||||
6.63%, 3/30/2040 | 100,000 | 125,313 | ||||||
Lincoln National Corp. 6.30%, 10/9/2037 | 100,000 | 118,396 | ||||||
Marsh & McLennan Cos, Inc. 5.75%, 9/15/2015 | 100,000 | 111,925 | ||||||
MetLife, Inc.: | ||||||||
5.70%, 6/15/2035 | 305,000 | 368,756 |
See accompanying notes to financial statements.
154
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.75%, 6/1/2016 | $ | 500,000 | $ | 591,388 | ||||
Prudential Financial, Inc.: | ||||||||
3.88%, 1/14/2015 | 135,000 | 142,796 | ||||||
4.50%, 11/16/2021 | 600,000 | 672,285 | ||||||
5.80%, 11/16/2041 | 50,000 | 57,796 | ||||||
The Allstate Corp.: | ||||||||
5.20%, 1/15/2042 (a) | 250,000 | 294,225 | ||||||
5.95%, 4/1/2036 (a) | 165,000 | 209,693 | ||||||
The Travelers Cos., Inc.: | ||||||||
3.90%, 11/1/2020 (a) | 100,000 | 112,575 | ||||||
5.75%, 12/15/2017 | 250,000 | 301,667 | ||||||
Willis Group Holdings PLC 5.75%, 3/15/2021 | 100,000 | 111,414 | ||||||
WR Berkley Corp. 4.63%, 3/15/2022 (a) | 100,000 | 107,181 | ||||||
XLIT Ltd. 5.75%, 10/1/2021 | 100,000 | 117,263 | ||||||
5,754,669 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.0% (b) | ||||||||
eBay, Inc. 0.70%, 7/15/2015 (a) | 38,000 | 38,046 | ||||||
Google, Inc. 2.13%, 5/19/2016 (a) | 100,000 | 104,357 | ||||||
142,403 | ||||||||
IT SERVICES — 0.2% | ||||||||
Fiserv, Inc. 3.13%, 6/15/2016 | 100,000 | 104,705 | ||||||
International Business Machines Corp.: | ||||||||
0.55%, 2/6/2015 | 500,000 | 499,245 | ||||||
5.70%, 9/14/2017 | 210,000 | 253,439 | ||||||
5.88%, 11/29/2032 | 165,000 | 218,682 | ||||||
1,076,071 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.0% (b) | ||||||||
Mattel, Inc. 2.50%, 11/1/2016 (a) | 100,000 | 104,218 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.1% | ||||||||
Thermo Fisher Scientific, Inc.: | ||||||||
2.05%, 2/21/2014 | 30,000 | 30,475 | ||||||
2.25%, 8/15/2016 | 350,000 | 361,769 | ||||||
3.15%, 1/15/2023 | 100,000 | 103,071 | ||||||
495,315 | ||||||||
MACHINERY — 0.3% | ||||||||
Caterpillar, Inc.: | ||||||||
3.80%, 8/15/2042 (a) | 100,000 | 98,709 | ||||||
6.05%, 8/15/2036 (a) | 165,000 | 218,612 | ||||||
Danaher Corp. 2.30%, 6/23/2016 | 100,000 | 103,956 | ||||||
Deere & Co. 3.90%, 6/9/2042 | 150,000 | 153,242 | ||||||
Illinois Tool Works, Inc.: | ||||||||
3.90%, 9/1/2042 (a) | 100,000 | 102,188 | ||||||
4.88%, 9/15/2041 | 100,000 | 117,031 | ||||||
Ingersoll-Rand Global Holding Co., Ltd. 6.88%, 8/15/2018 | 100,000 | 122,126 | ||||||
John Deere Capital Corp.: | ||||||||
1.25%, 12/2/2014 | 150,000 | 152,139 | ||||||
2.25%, 6/7/2016 (a) | 200,000 | 208,924 | ||||||
2.80%, 9/18/2017 (a) | 400,000 | 429,880 | ||||||
Snap-On, Inc. 4.25%, 1/15/2018 | 100,000 | 108,896 | ||||||
Stanley Black & Decker, Inc. 3.40%, 12/1/2021 (a) | 60,000 | 62,117 | ||||||
Xylem, Inc. 3.55%, 9/20/2016 | 150,000 | 159,754 | ||||||
2,037,574 | ||||||||
MEDIA — 1.2% | ||||||||
CBS Corp. 8.88%, 5/15/2019 | 200,000 | 272,589 | ||||||
Comcast Corp.: | ||||||||
5.15%, 3/1/2020 | 250,000 | 299,616 | ||||||
6.40%, 5/15/2038 | 310,000 | 397,074 | ||||||
6.50%, 1/15/2017 | 330,000 | 396,344 | ||||||
Cox Communications, Inc. 5.45%, 12/15/2014 | 32,000 | 34,978 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
5.20%, 3/15/2020 | 515,000 | 577,376 | ||||||
6.38%, 3/1/2041 | 150,000 | 174,013 | ||||||
Discovery Communications LLC: | ||||||||
4.38%, 6/15/2021 | 100,000 | 112,209 | ||||||
6.35%, 6/1/2040 | 250,000 | 309,768 | ||||||
NBCUniversal Media LLC: | ||||||||
2.88%, 4/1/2016 | 100,000 | 105,432 | ||||||
3.65%, 4/30/2015 | 75,000 | 79,795 | ||||||
5.15%, 4/30/2020 | 335,000 | 392,964 | ||||||
News America, Inc.: | ||||||||
4.50%, 2/15/2021 (a) | 250,000 | 284,631 | ||||||
6.15%, 3/1/2037 | 240,000 | 292,846 | ||||||
Omnicom Group, Inc. 4.45%, 8/15/2020 | 285,000 | 320,252 | ||||||
The Walt Disney Co.: | ||||||||
0.88%, 12/1/2014 | 250,000 | 251,774 | ||||||
2.75%, 8/16/2021 | 100,000 | 103,525 | ||||||
3.75%, 6/1/2021 (a) | 100,000 | 111,466 | ||||||
4.38%, 8/16/2041 | 100,000 | 112,299 | ||||||
Thomson Reuters Corp. 4.70%, 10/15/2019 | 100,000 | 115,023 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.00%, 9/1/2021 | 100,000 | 108,557 | ||||||
5.50%, 9/1/2041 | 250,000 | 279,921 | ||||||
5.85%, 5/1/2017 | 330,000 | 389,749 | ||||||
6.55%, 5/1/2037 | 350,000 | 430,019 | ||||||
Time Warner, Inc.: | ||||||||
4.88%, 3/15/2020 | 600,000 | 691,401 | ||||||
7.70%, 5/1/2032 | 240,000 | 337,419 | ||||||
Viacom, Inc.: | ||||||||
3.50%, 4/1/2017 | 100,000 | 108,132 | ||||||
3.88%, 12/15/2021 | 350,000 | 379,705 | ||||||
7,468,877 | ||||||||
METALS & MINING — 0.7% | ||||||||
Alcoa, Inc. 5.40%, 4/15/2021 (a) | 150,000 | 154,459 |
See accompanying notes to financial statements.
155
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Barrick Gold Corp. 2.90%, 5/30/2016 | $ | 250,000 | $ | 262,486 | ||||
Barrick North America Finance LLC 5.70%, 5/30/2041 | 100,000 | 114,787 | ||||||
Barrick PD Australia Finance Pty Ltd. 4.95%, 1/15/2020 (a) | 100,000 | 112,310 | ||||||
BHP Billiton Finance USA, Ltd.: | ||||||||
2.88%, 2/24/2022 | 250,000 | 260,387 | ||||||
5.50%, 4/1/2014 | 350,000 | 371,765 | ||||||
6.50%, 4/1/2019 | 100,000 | 127,343 | ||||||
Cliffs Natural Resources, Inc. 4.88%, 4/1/2021 (a) | 200,000 | 197,687 | ||||||
Freeport-McMoRan Copper & Gold, Inc. 1.40%, 2/13/2015 | 250,000 | 249,208 | ||||||
Newmont Mining Corp. 6.25%, 10/1/2039 | 100,000 | 120,906 | ||||||
Nucor Corp. 5.75%, 12/1/2017 | 250,000 | 299,564 | ||||||
Rio Tinto Finance USA PLC: | ||||||||
3.50%, 3/22/2022 (a) | 250,000 | 264,197 | ||||||
4.75%, 3/22/2042 | 250,000 | 278,590 | ||||||
Rio Tinto Finance USA, Ltd.: | ||||||||
1.88%, 11/2/2015 | 300,000 | 307,724 | ||||||
3.75%, 9/20/2021 | 100,000 | 107,727 | ||||||
Teck Resources, Ltd.: | ||||||||
2.50%, 2/1/2018 | 100,000 | 101,741 | ||||||
3.75%, 2/1/2023 (a) | 100,000 | 102,259 | ||||||
6.25%, 7/15/2041 | 200,000 | 233,889 | ||||||
Vale Overseas, Ltd. 6.88%, 11/21/2036 | 330,000 | 411,590 | ||||||
4,078,619 | ||||||||
MULTI-UTILITIES — 0.2% | ||||||||
Dominion Resources, Inc.: | ||||||||
1.80%, 3/15/2014 | 100,000 | 101,314 | ||||||
4.90%, 8/1/2041 | 250,000 | 283,642 | ||||||
6.40%, 6/15/2018 | 250,000 | 309,991 | ||||||
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036 | 255,000 | 322,673 | ||||||
Sempra Energy 2.30%, 4/1/2017 | 150,000 | 154,505 | ||||||
1,172,125 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Macy’s Retail Holdings, Inc.: | ||||||||
2.88%, 2/15/2023 | 114,000 | 111,331 | ||||||
5.75%, 7/15/2014 (a) | 60,000 | 64,243 | ||||||
6.70%, 7/15/2034 | 50,000 | 60,557 | ||||||
Nordstrom, Inc. 4.00%, 10/15/2021 (a) | 100,000 | 111,375 | ||||||
Target Corp.: | ||||||||
2.90%, 1/15/2022 (a) | 250,000 | 262,241 | ||||||
7.00%, 1/15/2038 | 220,000 | 320,331 | ||||||
930,078 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. 2.95%, 3/15/2017 | 300,000 | 306,962 | ||||||
OIL, GAS & CONSUMABLE FUELS — 2.7% | ||||||||
Anadarko Petroleum Corp.: | ||||||||
5.95%, 9/15/2016 | 380,000 | 437,505 | ||||||
6.45%, 9/15/2036 | 100,000 | 125,239 | ||||||
Apache Corp.: | ||||||||
5.10%, 9/1/2040 | 100,000 | 112,284 | ||||||
5.63%, 1/15/2017 | 250,000 | 293,308 | ||||||
Baker Hughes, Inc. 3.20%, 8/15/2021 | 150,000 | 159,910 | ||||||
BP Capital Markets PLC: | ||||||||
1.70%, 12/5/2014 | 500,000 | 510,500 | ||||||
3.56%, 11/1/2021 | 100,000 | 108,221 | ||||||
4.74%, 3/11/2021 | 200,000 | 233,403 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
6.25%, 3/15/2038 | 105,000 | 134,656 | ||||||
6.50%, 2/15/2037 (a) | 250,000 | 325,917 | ||||||
Cenovus Energy, Inc.: | ||||||||
4.45%, 9/15/2042 (a) | 100,000 | 104,448 | ||||||
4.50%, 9/15/2014 | 100,000 | 106,162 | ||||||
6.75%, 11/15/2039 | 100,000 | 135,713 | ||||||
CenterPoint Energy Resources Corp. 6.13%, 11/1/2017 | 100,000 | 119,591 | ||||||
Conoco, Inc. 6.95%, 4/15/2029 | 100,000 | 137,595 | ||||||
ConocoPhillips 6.50%, 2/1/2039 | 100,000 | 140,118 | ||||||
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016 | 580,000 | 680,037 | ||||||
Devon Energy Corp.: | ||||||||
6.30%, 1/15/2019 | 100,000 | 123,723 | ||||||
7.95%, 4/15/2032 | 200,000 | 293,109 | ||||||
Encana Corp.: | ||||||||
5.15%, 11/15/2041 (a) | 150,000 | 162,578 | ||||||
5.90%, 12/1/2017 | 100,000 | 118,863 | ||||||
Energy Transfer Partners LP: | ||||||||
6.50%, 2/1/2042 | 250,000 | 301,206 | ||||||
6.70%, 7/1/2018 | 100,000 | 120,507 | ||||||
Ensco PLC 4.70%, 3/15/2021 (a) | 100,000 | 113,314 | ||||||
Enterprise Products Operating LLC: | ||||||||
3.20%, 2/1/2016 | 500,000 | 530,701 | ||||||
4.85%, 8/15/2042 | 250,000 | 264,259 | ||||||
5.20%, 9/1/2020 (a) | 200,000 | 235,973 | ||||||
EOG Resources, Inc. 4.10%, 2/1/2021 (a) | 100,000 | 113,231 | ||||||
FMC Technologies, Inc. 2.00%, 10/1/2017 | 100,000 | 100,603 | ||||||
Halliburton Co. 7.45%, 9/15/2039 | 100,000 | 149,168 | ||||||
Hess Corp. 5.60%, 2/15/2041 | 350,000 | 408,175 | ||||||
Husky Energy, Inc. 3.95%, 4/15/2022 | 250,000 | 268,127 | ||||||
Kinder Morgan Energy Partners LP: | ||||||||
3.95%, 9/1/2022 (a) | 500,000 | 532,500 | ||||||
5.63%, 9/1/2041 | 50,000 | 57,011 | ||||||
5.80%, 3/15/2035 | 175,000 | 201,967 | ||||||
Marathon Oil Corp. 6.80%, 3/15/2032 | 100,000 | 132,035 |
See accompanying notes to financial statements.
156
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Marathon Petroleum Corp.: | ||||||||
3.50%, 3/1/2016 | $ | 55,000 | $ | 58,677 | ||||
6.50%, 3/1/2041 | 25,000 | 31,349 | ||||||
Nexen, Inc. 5.88%, 3/10/2035 | 100,000 | 122,103 | ||||||
Noble Holding International, Ltd.: | ||||||||
3.05%, 3/1/2016 (a) | 100,000 | 104,722 | ||||||
3.95%, 3/15/2022 | 100,000 | 105,145 | ||||||
Occidental Petroleum Corp.: | ||||||||
1.50%, 2/15/2018 | 400,000 | 405,611 | ||||||
2.50%, 2/1/2016 | 100,000 | 105,115 | ||||||
ONEOK Partners LP 6.13%, 2/1/2041 (a) | 100,000 | 120,549 | ||||||
ONEOK, Inc. 4.25%, 2/1/2022 | 250,000 | 269,131 | ||||||
Pemex Project Funding Master Trust: | ||||||||
5.75%, 3/1/2018 (e) | 100,000 | 116,750 | ||||||
6.63%, 6/15/2035 (e) | 215,000 | 271,975 | ||||||
Petro-Canada 5.95%, 5/15/2035 | 100,000 | 122,299 | ||||||
Petrobras International Finance Co.: | ||||||||
3.50%, 2/6/2017 (a) | 600,000 | 630,550 | ||||||
3.88%, 1/27/2016 | 100,000 | 105,579 | ||||||
5.75%, 1/20/2020 | 105,000 | 119,812 | ||||||
6.88%, 1/20/2040 | 105,000 | 133,529 | ||||||
Petroleos Mexicanos 4.88%, 1/24/2022 (e) | 500,000 | 566,250 | ||||||
Phillips 66 5.88%, 5/1/2042 (c) | 250,000 | 302,105 | ||||||
Plains All American Pipeline LP/PAA Finance Corp.: | ||||||||
2.85%, 1/31/2023 | 100,000 | 98,982 | ||||||
4.30%, 1/31/2043 | 100,000 | 99,213 | ||||||
6.50%, 5/1/2018 | 100,000 | 123,586 | ||||||
Rowan Cos., Inc. 5.40%, 12/1/2042 | 100,000 | 101,092 | ||||||
Shell International Finance BV: | ||||||||
1.13%, 8/21/2017 | 100,000 | 100,354 | ||||||
3.10%, 6/28/2015 | 300,000 | 318,117 | ||||||
6.38%, 12/15/2038 | 220,000 | 310,359 | ||||||
Southern Natural Gas Co. 5.90%, 4/1/2017 (c) | 580,000 | 679,023 | ||||||
Spectra Energy Capital LLC 8.00%, 10/1/2019 | 100,000 | 130,718 | ||||||
Statoil ASA: | ||||||||
3.13%, 8/17/2017 | 100,000 | 108,656 | ||||||
3.15%, 1/23/2022 | 50,000 | 52,841 | ||||||
4.25%, 11/23/2041 (a) | 50,000 | 53,408 | ||||||
5.10%, 8/17/2040 | 225,000 | 269,268 | ||||||
Suncor Energy, Inc. 6.10%, 6/1/2018 | 200,000 | 245,158 | ||||||
Talisman Energy, Inc. 3.75%, 2/1/2021 (a) | 150,000 | 160,540 | ||||||
Total Capital Canada, Ltd. 1.63%, 1/28/2014 (a) | 100,000 | 101,256 | ||||||
Total Capital International SA 2.88%, 2/17/2022 (a) | 350,000 | 363,638 | ||||||
TransCanada PipeLines, Ltd.: | ||||||||
2.50%, 8/1/2022 | 100,000 | 99,940 | ||||||
6.10%, 6/1/2040 (a) | 100,000 | 132,814 | ||||||
6.50%, 8/15/2018 | 250,000 | 314,895 | ||||||
Transocean, Inc.: | ||||||||
6.00%, 3/15/2018 | 55,000 | 64,145 | ||||||
6.80%, 3/15/2038 | 250,000 | 304,737 | ||||||
Valero Energy Corp.: | ||||||||
6.13%, 2/1/2020 (a) | 65,000 | 78,579 | ||||||
6.63%, 6/15/2037 | 100,000 | 123,167 | ||||||
Williams Partners LP: | ||||||||
3.35%, 8/15/2022 | 100,000 | 101,672 | ||||||
5.25%, 3/15/2020 | 110,000 | 126,719 | ||||||
16,445,785 | ||||||||
PAPER & FOREST PRODUCTS — 0.1% | ||||||||
Domtar Corp. 6.25%, 9/1/2042 | 100,000 | 103,768 | ||||||
Georgia-Pacific LLC 7.25%, 6/1/2028 | 190,000 | 246,972 | ||||||
International Paper Co. 7.50%, 8/15/2021 (a) | 250,000 | 330,497 | ||||||
Plum Creek Timberlands LP 3.25%, 3/15/2023 | 100,000 | 97,897 | ||||||
779,134 | ||||||||
PERSONAL PRODUCTS — 0.0% (b) | ||||||||
The Estee Lauder Cos., Inc. 3.70%, 8/15/2042 (a) | 100,000 | 96,051 | ||||||
PHARMACEUTICALS — 0.8% | ||||||||
Abbott Laboratories: | ||||||||
5.13%, 4/1/2019 | 99,000 | 118,717 | ||||||
6.00%, 4/1/2039 | 125,000 | 168,472 | ||||||
Aristotle Holding, Inc. 3.90%, 2/15/2022 (a)(c) | 250,000 | 269,969 | ||||||
AstraZeneca PLC: | ||||||||
5.90%, 9/15/2017 (a) | 150,000 | 182,031 | ||||||
6.45%, 9/15/2037 (a) | 75,000 | 101,830 | ||||||
Bristol-Myers Squibb Co. 6.13%, 5/1/2038 | 250,000 | 337,693 | ||||||
Eli Lilly & Co. 5.20%, 3/15/2017 (a) | 225,000 | 262,136 | ||||||
GlaxoSmithKline Capital PLC 1.50%, 5/8/2017 | 200,000 | 202,481 | ||||||
GlaxoSmithKline Capital, Inc. 6.38%, 5/15/2038 | 355,000 | 490,256 | ||||||
Johnson & Johnson: | ||||||||
2.15%, 5/15/2016 | 100,000 | 104,836 | ||||||
3.55%, 5/15/2021 (a) | 250,000 | 281,848 | ||||||
4.85%, 5/15/2041 | 100,000 | 122,580 | ||||||
Novartis Securities Investment, Ltd. 5.13%, 2/10/2019 | 300,000 | 358,083 | ||||||
Pfizer, Inc.: | ||||||||
5.35%, 3/15/2015 (a) | 500,000 | 551,343 | ||||||
6.20%, 3/15/2019 | 135,000 | 170,205 | ||||||
Sanofi 2.63%, 3/29/2016 | 100,000 | 104,956 | ||||||
Schering-Plough Corp. 6.00%, 9/15/2017 | 305,000 | 372,303 | ||||||
Teva Pharmaceutical Finance IV BV 3.65%, 11/10/2021 | 50,000 | 53,406 |
See accompanying notes to financial statements.
157
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Teva Pharmaceutical Finance IV LLC: | ||||||||
1.70%, 11/10/2014 | $ | 100,000 | $ | 101,838 | ||||
2.25%, 3/18/2020 | 150,000 | 151,242 | ||||||
Watson Pharmaceuticals, Inc. 3.25%, 10/1/2022 | 200,000 | 204,245 | ||||||
Wyeth 5.95%, 4/1/2037 | 240,000 | 317,760 | ||||||
5,028,230 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.5% | ||||||||
Boston Properties LP 4.13%, 5/15/2021 | 100,000 | 109,458 | ||||||
Camden Property Trust 4.88%, 6/15/2023 | 250,000 | 286,291 | ||||||
Digital Realty Trust LP 3.63%, 10/1/2022 (a) | 100,000 | 99,411 | ||||||
Duke Realty LP 6.75%, 3/15/2020 | 25,000 | 29,875 | ||||||
ERP Operating LP: | ||||||||
5.13%, 3/15/2016 | 250,000 | 276,460 | ||||||
5.75%, 6/15/2017 | 100,000 | 116,763 | ||||||
HCP, Inc. 5.38%, 2/1/2021 | 100,000 | 113,147 | ||||||
Health Care REIT, Inc.: | ||||||||
4.13%, 4/1/2019 | 500,000 | 528,822 | ||||||
5.25%, 1/15/2022 | 100,000 | 111,407 | ||||||
6.20%, 6/1/2016 | 100,000 | 113,389 | ||||||
Liberty Property LP 3.38%, 6/15/2023 | 50,000 | 49,253 | ||||||
ProLogis LP 7.63%, 8/15/2014 | 100,000 | 109,011 | ||||||
Realty Income Corp. 5.88%, 3/15/2035 | 50,000 | 56,722 | ||||||
Simon Property Group LP: | ||||||||
2.15%, 9/15/2017 (a) | 500,000 | 517,976 | ||||||
4.20%, 2/1/2015 | 300,000 | 318,231 | ||||||
Ventas Realty LP/Ventas Capital Corp. 2.00%, 2/15/2018 | 100,000 | 99,675 | ||||||
Vornado Realty LP 4.25%, 4/1/2015 (a) | 100,000 | 104,928 | ||||||
3,040,819 | ||||||||
ROAD & RAIL — 0.4% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
3.45%, 9/15/2021 | 350,000 | 375,283 | ||||||
4.38%, 9/1/2042 (a) | 100,000 | 104,224 | ||||||
4.95%, 9/15/2041 | 100,000 | 111,850 | ||||||
Canadian National Railway Co.: | ||||||||
2.25%, 11/15/2022 | 100,000 | 99,340 | ||||||
2.85%, 12/15/2021 | 100,000 | 104,423 | ||||||
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022 | 100,000 | 110,987 | ||||||
CSX Corp.: | ||||||||
6.15%, 5/1/2037 | 165,000 | 209,406 | ||||||
6.25%, 4/1/2015 | 250,000 | 279,407 | ||||||
Norfolk Southern Corp. 7.70%, 5/15/2017 | 230,000 | 290,496 | ||||||
Ryder System, Inc. 2.50%, 3/1/2018 | 100,000 | 100,887 | ||||||
Union Pacific Corp.: | ||||||||
5.78%, 7/15/2040 | 200,000 | 250,274 | ||||||
6.13%, 2/15/2020 | 100,000 | 124,273 | ||||||
United Parcel Service, Inc. 1.13%, 10/1/2017 | 50,000 | 50,135 | ||||||
2,210,985 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.1% | ||||||||
Applied Materials, Inc. 5.85%, 6/15/2041 | 100,000 | 122,905 | ||||||
Broadcom Corp. 2.50%, 8/15/2022 (c) | 100,000 | 98,757 | ||||||
Intel Corp.: | ||||||||
4.25%, 12/15/2042 | 150,000 | 152,905 | ||||||
4.80%, 10/1/2041 | 185,000 | 200,926 | ||||||
Texas Instruments, Inc.: | ||||||||
0.45%, 8/3/2015 | 100,000 | 99,481 | ||||||
2.38%, 5/16/2016 | 100,000 | 104,836 | ||||||
779,810 | ||||||||
SOFTWARE — 0.2% | ||||||||
Microsoft Corp. 3.00%, 10/1/2020 | 400,000 | 430,158 | ||||||
Oracle Corp.: | ||||||||
2.50%, 10/15/2022 | 100,000 | 100,893 | ||||||
5.75%, 4/15/2018 | 200,000 | 243,780 | ||||||
6.13%, 7/8/2039 | 350,000 | 469,033 | ||||||
1,243,864 | ||||||||
SPECIALTY RETAIL — 0.2% | ||||||||
Kohl’s Corp. 3.25%, 2/1/2023 | 100,000 | 97,087 | ||||||
Lowe’s Cos., Inc.: | ||||||||
2.13%, 4/15/2016 | 100,000 | 103,970 | ||||||
5.50%, 10/15/2035 | 250,000 | 300,391 | ||||||
Staples, Inc. 9.75%, 1/15/2014 | 100,000 | 108,797 | ||||||
The Home Depot, Inc.: | ||||||||
5.40%, 3/1/2016 (a) | 255,000 | 290,944 | ||||||
5.95%, 4/1/2041 | 250,000 | 338,504 | ||||||
1,239,693 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Murray Street Investment Trust I 4.65%, 3/9/2017 | 500,000 | 540,038 | ||||||
Santander Holdings USA, Inc. 3.00%, 9/24/2015 | 30,000 | 30,573 | ||||||
570,611 | ||||||||
TOBACCO — 0.2% | ||||||||
Altria Group, Inc.: | ||||||||
4.13%, 9/11/2015 | 250,000 | 271,395 | ||||||
9.70%, 11/10/2018 | 68,000 | 95,126 | ||||||
9.95%, 11/10/2038 | 100,000 | 164,495 | ||||||
Lorillard Tobacco Co.: | ||||||||
2.30%, 8/21/2017 (a) | 100,000 | 101,027 | ||||||
3.50%, 8/4/2016 | 45,000 | 47,783 |
See accompanying notes to financial statements.
158
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Philip Morris International, Inc. 2.90%, 11/15/2021 | $ | 500,000 | $ | 519,987 | ||||
Reynolds American, Inc.: | ||||||||
4.75%, 11/1/2042 | 100,000 | 101,170 | ||||||
7.63%, 6/1/2016 | 100,000 | 119,892 | ||||||
1,420,875 | ||||||||
WATER UTILITIES — 0.0% (b) | ||||||||
American Water Capital Corp. 4.30%, 12/1/2042 | 100,000 | 102,099 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 1.0% | ||||||||
America Movil SAB de CV: | ||||||||
2.38%, 9/8/2016 | 500,000 | 518,484 | ||||||
5.00%, 3/30/2020 | 100,000 | 116,496 | ||||||
6.13%, 3/30/2040 | 100,000 | 131,519 | ||||||
American Tower Corp. 5.90%, 11/1/2021 | 100,000 | 118,539 | ||||||
AT&T Corp. 8.00%, 11/15/2031 | 16,000 | 24,070 | ||||||
AT&T, Inc.: | ||||||||
2.40%, 8/15/2016 | 150,000 | 156,706 | ||||||
4.35%, 6/15/2045 (c) | 658,000 | 660,676 | ||||||
4.45%, 5/15/2021 | 700,000 | 811,289 | ||||||
5.35%, 9/1/2040 | 320,000 | 369,109 | ||||||
5.63%, 6/15/2016 | 200,000 | 229,380 | ||||||
Cellco Partnership/Verizon Wireless Capital LLC 5.55%, 2/1/2014 | 400,000 | 419,769 | ||||||
Deutsche Telekom International Finance BV 6.75%, 8/20/2018 (a) | 410,000 | 511,158 | ||||||
France Telecom SA: | ||||||||
2.13%, 9/16/2015 | 100,000 | 102,720 | ||||||
4.13%, 9/14/2021 (a) | 350,000 | 384,254 | ||||||
Rogers Communications, Inc. 6.80%, 8/15/2018 | 150,000 | 188,407 | ||||||
Telecom Italia Capital SA: | ||||||||
5.25%, 10/1/2015 | 200,000 | 212,500 | ||||||
7.72%, 6/4/2038 | 350,000 | 379,137 | ||||||
Telefonica Emisiones SAU 4.95%, 1/15/2015 | 210,000 | 219,450 | ||||||
US Cellular Corp. 6.70%, 12/15/2033 | 200,000 | 207,415 | ||||||
Vodafone Group PLC 5.63%, 2/27/2017 | 490,000 | 574,657 | ||||||
6,335,735 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $144,074,776) | 153,780,722 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS — 2.0% | ||||||||
Brazilian Government International Bond: | ||||||||
4.88%, 1/22/2021 (e) | 850,000 | 1,022,975 | ||||||
7.88%, 3/7/2015 (e) | 100,000 | 115,000 | ||||||
11.00%, 8/17/2040 | 150,000 | 189,150 | ||||||
Canada Government International Bond 0.88%, 2/14/2017 | 250,000 | 252,186 | ||||||
Chile Government International Bond 3.25%, 9/14/2021 | 100,000 | 108,517 | ||||||
China Development Bank Corp. 5.00%, 10/15/2015 | 100,000 | 110,237 | ||||||
Colombia Government International Bond: | ||||||||
7.38%, 3/18/2019 (e) | 200,000 | 264,000 | ||||||
7.38%, 9/18/2037 (e) | 250,000 | 387,500 | ||||||
Export Development Canada 2.25%, 5/28/2015 | 200,000 | 209,023 | ||||||
Federal Republic of Brazil 8.25%, 1/20/2034 (e) | 360,000 | 606,600 | ||||||
Israel Government International Bond: | ||||||||
4.00%, 6/30/2022 | 100,000 | 108,500 | ||||||
5.13%, 3/26/2019 | 100,000 | 116,750 | ||||||
Italy Government International Bond 5.25%, 9/20/2016 | 500,000 | 531,463 | ||||||
Japan Bank for International Cooperation 1.13%, 7/19/2017 | 200,000 | 202,154 | ||||||
Japan Finance Corp. 2.25%, 7/13/2016 | 250,000 | 263,660 | ||||||
Japan Finance Organization for Municipalities 4.00%, 1/13/2021 | 100,000 | 115,759 | ||||||
Mexico Government International Bond: | ||||||||
3.63%, 3/15/2022 (e) | 934,000 | 1,017,126 | ||||||
5.75%, 10/12/2110 (e) | 300,000 | 360,000 | ||||||
5.88%, 2/17/2014 (e) | 200,000 | 211,400 | ||||||
Panama Government International Bond: | ||||||||
5.20%, 1/30/2020 | 50,000 | 60,175 | ||||||
6.70%, 1/26/2036 | 200,000 | 285,000 | ||||||
Poland Government International Bond: | ||||||||
5.00%, 3/23/2022 | 200,000 | 235,906 | ||||||
5.13%, 4/21/2021 | 450,000 | 533,700 | ||||||
Province of British Columbia Canada 2.10%, 5/18/2016 | 350,000 | 368,051 | ||||||
Province of Manitoba Canada 1.38%, 4/28/2014 | 350,000 | 354,706 | ||||||
Province of New Brunswick Canada 2.75%, 6/15/2018 | 200,000 | 216,196 | ||||||
Province of Nova Scotia Canada 5.13%, 1/26/2017 | 100,000 | 116,337 | ||||||
Province of Ontario Canada: | ||||||||
2.30%, 5/10/2016 | 300,000 | 315,956 | ||||||
3.00%, 7/16/2018 | 1,000,000 | 1,092,224 | ||||||
4.10%, 6/16/2014 | 400,000 | 421,647 | ||||||
Province of Quebec Canada 7.50%, 9/15/2029 | 455,000 | 690,728 | ||||||
Republic of Italy 6.88%, 9/27/2023 | 200,000 | 231,591 | ||||||
Republic of Korea 5.75%, 4/16/2014 | 100,000 | 106,276 | ||||||
Republic of Peru: | ||||||||
7.13%, 3/30/2019 (e) | 100,000 | 131,500 | ||||||
8.75%, 11/21/2033 (e) | 250,000 | 436,250 |
See accompanying notes to financial statements.
159
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Republic of South Africa 5.50%, 3/9/2020 | $ | 100,000 | $ | 118,500 | ||||
South Africa Government International Bond 4.67%, 1/17/2024 | 250,000 | 282,500 | ||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $11,421,558) | 12,189,243 | |||||||
U.S. GOVERNMENT AGENCY MBS TBA — 29.5% | ||||||||
Fannie Mae | ||||||||
3.00%, 30yr TBA (f) | 1,500,000 | 1,572,656 | ||||||
3.00%, 15yr TBA (f) | 3,550,000 | 3,749,133 | ||||||
3.50%, 15yr TBA (f) | 3,750,000 | 3,980,273 | ||||||
3.50%, 30yr TBA (f) | 10,200,000 | 10,878,937 | ||||||
4.00%, 30yr TBA (f) | 11,800,000 | 12,651,812 | ||||||
4.00%, 15yr TBA (f) | 3,000,000 | 3,210,000 | ||||||
4.50%, 30yr TBA (f) | 15,000,000 | 16,204,687 | ||||||
4.50%, 15yr TBA (f) | 1,250,000 | 1,344,336 | ||||||
5.00%, 15yr TBA (f) | 2,000,000 | 2,165,313 | ||||||
5.00%, 30yr TBA (f) | 9,500,000 | 10,291,172 | ||||||
5.50%, 30yr TBA (f) | 10,000,000 | 10,864,062 | ||||||
6.00%, 30yr TBA (f) | 5,750,000 | 6,280,078 | ||||||
6.50%, 30yr TBA (f) | 1,500,000 | 1,672,734 | ||||||
Freddie Mac | ||||||||
3.00%, 15yr TBA (f) | 4,000,000 | 4,203,750 | ||||||
3.50%, 15yr TBA (f) | 1,500,000 | 1,578,047 | ||||||
3.50%, 30yr TBA (f) | 2,500,000 | 2,659,375 | ||||||
4.00%, 30yr TBA (f) | 7,500,000 | 8,008,594 | ||||||
4.00%, 15yr TBA (f) | 3,500,000 | 3,705,625 | ||||||
4.50%, 15yr TBA (f) | 1,750,000 | 1,862,383 | ||||||
4.50%, 30yr TBA (f) | 9,250,000 | 9,922,070 | ||||||
5.00%, 30yr TBA (f) | 9,000,000 | 9,690,469 | ||||||
5.00%, 15yr TBA (f) | 500,000 | 536,328 | ||||||
5.50%, 15yr TBA (e)(f) | 1,000,000 | 1,063,125 | ||||||
5.50%, 30yr TBA (f) | 6,000,000 | 6,480,938 | ||||||
6.00%, 30yr TBA (f) | 3,750,000 | 4,078,125 | ||||||
6.50%, 30yr TBA (f) | 2,000,000 | 2,215,938 | ||||||
Ginnie Mae | ||||||||
3.50%, 30yr TBA (f) | 5,500,000 | 5,977,813 | ||||||
4.00%, 30yr TBA (f) | 7,350,000 | 8,063,180 | ||||||
4.50%, 30yr TBA (f) | 11,000,000 | 12,045,000 | ||||||
5.00%, 30yr TBA (f) | 8,000,000 | 8,726,250 | ||||||
5.50%, 30yr TBA (f) | 4,000,000 | 4,390,625 | ||||||
6.00%, 30yr TBA (f) | 2,000,000 | 2,238,125 | ||||||
6.50%, 30yr TBA (f) | 750,000 | 858,867 | ||||||
TOTAL U.S. GOVERNMENT AGENCY MBS TBA — | ||||||||
(Cost $182,966,482) | 183,169,820 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS — 4.1% | ||||||||
Federal Home Loan Bank | ||||||||
0.45%, 8/7/2014 | 1,000,000 | 1,000,380 | ||||||
1.38%, 5/28/2014 (a) | 750,000 | 761,807 | ||||||
4.75%, 12/16/2016 | 500,000 | 582,231 | ||||||
4.88%, 5/17/2017 (a) | 1,200,000 | 1,415,295 | ||||||
5.00%, 11/17/2017 (a) | 300,000 | 360,536 | ||||||
5.38%, 5/18/2016 (a) | 1,250,000 | 1,454,443 | ||||||
5.50%, 7/15/2036 | 250,000 | 343,720 | ||||||
Federal Home Loan Mortgage Corp. | ||||||||
0.40%, 2/27/2014 | 100,000 | 100,052 | ||||||
0.55%, 2/27/2015 | 100,000 | 100,064 | ||||||
0.63%, 12/29/2014 (a) | 1,000,000 | 1,006,533 | ||||||
0.80%, 1/13/2015 | 100,000 | 100,730 | ||||||
0.85%, 1/9/2015 | 100,000 | 100,012 | ||||||
1.00%, 7/30/2014 (a) | 2,000,000 | 2,023,510 | ||||||
1.00%, 6/30/2015 | 100,000 | 100,655 | ||||||
1.00%, 2/24/2016 | 100,000 | 100,749 | ||||||
1.00%, 3/8/2017 | 1,000,000 | 1,013,411 | ||||||
1.10%, 7/25/2017 | 100,000 | 100,053 | ||||||
2.25%, 1/23/2017 | 100,000 | 102,189 | ||||||
2.38%, 1/13/2022 | 800,000 | 835,867 | ||||||
4.38%, 7/17/2015 | 500,000 | 550,734 | ||||||
4.50%, 4/2/2014 | 500,000 | 526,486 | ||||||
5.00%, 4/18/2017 | 723,000 | 854,191 | ||||||
6.75%, 3/15/2031 | 450,000 | 689,837 | ||||||
Federal National Mortgage Association | ||||||||
0.75%, 12/19/2014 (a) | 2,500,000 | 2,522,442 | ||||||
0.85%, 7/18/2016 | 100,000 | 100,030 | ||||||
1.13%, 4/27/2017 | 1,000,000 | 1,017,915 | ||||||
1.25%, 4/23/2015 | 250,000 | 250,898 | ||||||
1.75%, 1/30/2019 | 100,000 | 101,075 | ||||||
2.00%, 9/21/2015 | 250,000 | 260,855 | ||||||
2.25%, 3/15/2016 | 300,000 | 316,376 | ||||||
2.50%, 5/15/2014 | 1,235,000 | 1,272,924 | ||||||
2.63%, 11/20/2014 (a) | 300,000 | 313,250 | ||||||
4.50%, 10/1/2040 | 1,096,130 | 1,184,581 | ||||||
5.00%, 5/11/2017 | 510,000 | 603,703 | ||||||
5.38%, 6/12/2017 | 750,000 | 902,171 | ||||||
6.00%, 6/1/2017 | 51,219 | 51,772 | ||||||
7.13%, 1/15/2030 (a) | 525,000 | 824,290 | ||||||
Government National Mortgage Association | ||||||||
4.00%, 6/15/2040 | 211,690 | 233,563 | ||||||
4.50%, 7/15/2039 | 849,587 | 931,216 | ||||||
Tennessee Valley Authority | ||||||||
3.88%, 2/15/2021 | 65,000 | 75,618 | ||||||
5.25%, 9/15/2039 | 450,000 | 592,144 | ||||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS — | ||||||||
(Cost $24,844,103) | 25,778,308 | |||||||
U.S. TREASURY OBLIGATIONS — 33.9% | ||||||||
Treasury Bonds | ||||||||
2.75%, 8/15/2042 | 750,000 | 723,885 | ||||||
3.13%, 11/15/2041 | 3,150,000 | 3,295,184 | ||||||
3.13%, 2/15/2042 | 2,250,000 | 2,351,340 | ||||||
3.88%, 8/15/2040 | 2,500,000 | 3,003,450 | ||||||
4.38%, 5/15/2040 | 3,050,000 | 3,968,233 | ||||||
4.38%, 5/15/2041 | 1,600,000 | 2,083,424 | ||||||
4.50%, 8/15/2039 | 2,300,000 | 3,045,821 | ||||||
4.75%, 2/15/2037 | 3,000,000 | 4,093,710 | ||||||
4.75%, 2/15/2041 (a) | 500,000 | 688,960 | ||||||
5.25%, 11/15/2028 | 500,000 | 690,970 | ||||||
5.38%, 2/15/2031 (a) | 2,100,000 | 2,998,170 | ||||||
6.13%, 11/15/2027 | 2,000,000 | 2,971,560 | ||||||
6.25%, 8/15/2023 | 1,000,000 | 1,434,250 | ||||||
6.50%, 11/15/2026 | 300,000 | 455,631 |
See accompanying notes to financial statements.
160
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.88%, 8/15/2025 | $ | 750,000 | $ | 1,155,263 | ||||
7.13%, 2/15/2023 | 1,000,000 | 1,508,370 | ||||||
7.50%, 11/15/2016 | 1,015,000 | 1,286,502 | ||||||
8.75%, 8/15/2020 | 1,130,000 | 1,749,217 | ||||||
8.88%, 8/15/2017 (a) | 713,000 | 980,425 | ||||||
9.13%, 5/15/2018 | 500,000 | 719,625 | ||||||
Treasury Notes | ||||||||
0.25%, 2/28/2014 | 3,850,000 | 3,851,887 | ||||||
0.25%, 9/30/2014 | 2,500,000 | 2,500,550 | ||||||
0.25%, 12/15/2014 | 2,200,000 | 2,200,066 | ||||||
0.25%, 2/15/2015 | 3,750,000 | 3,748,162 | ||||||
0.25%, 7/15/2015 | 1,500,000 | 1,497,465 | ||||||
0.38%, 3/15/2015 | 2,500,000 | 2,504,850 | ||||||
0.50%, 8/15/2014 | 8,000,000 | 8,034,880 | ||||||
0.50%, 7/31/2017 | 500,000 | 497,005 | ||||||
0.88%, 12/31/2016 | 3,000,000 | 3,041,340 | ||||||
0.88%, 2/28/2017 | 2,250,000 | 2,279,722 | ||||||
0.88%, 4/30/2017 | 2,500,000 | 2,531,025 | ||||||
0.88%, 7/31/2019 | 500,000 | 493,910 | ||||||
1.00%, 5/15/2014 | 8,000,000 | 8,085,200 | ||||||
1.00%, 3/31/2017 | 2,750,000 | 2,799,472 | ||||||
1.25%, 2/15/2014 (a) | 3,500,000 | 3,540,740 | ||||||
1.25%, 4/15/2014 | 2,500,000 | 2,533,075 | ||||||
1.38%, 11/30/2018 (a) | 250,000 | 256,650 | ||||||
1.38%, 12/31/2018 (a) | 300,000 | 307,821 | ||||||
1.38%, 2/28/2019 | 3,300,000 | 3,382,467 | ||||||
1.50%, 6/30/2016 | 10,000,000 | 10,366,700 | ||||||
1.50%, 8/31/2018 | 6,000,000 | 6,213,780 | ||||||
1.50%, 3/31/2019 | 2,250,000 | 2,320,920 | ||||||
1.63%, 8/15/2022 (a) | 2,000,000 | 1,986,780 | ||||||
1.75%, 5/15/2022 | 500,000 | 504,295 | ||||||
1.88%, 6/30/2015 | 1,750,000 | 1,817,953 | ||||||
1.88%, 9/30/2017 | 2,000,000 | 2,112,420 | ||||||
2.00%, 11/15/2021 | 900,000 | 934,002 | ||||||
2.00%, 2/15/2022 | 1,000,000 | 1,034,060 | ||||||
2.13%, 12/31/2015 | 1,800,000 | 1,894,176 | ||||||
2.13%, 8/15/2021 | 3,250,000 | 3,416,497 | ||||||
2.25%, 7/31/2018 | 1,000,000 | 1,077,310 | ||||||
2.38%, 10/31/2014 | 13,555,000 | 14,077,138 | ||||||
2.38%, 2/28/2015 | 5,000,000 | 5,224,750 | ||||||
2.38%, 7/31/2017 | 5,000,000 | 5,392,150 | ||||||
2.63%, 2/29/2016 (a) | 1,500,000 | 1,605,285 | ||||||
2.63%, 4/30/2018 | 1,000,000 | 1,096,170 | ||||||
2.63%, 8/15/2020 | 3,500,000 | 3,845,135 | ||||||
2.63%, 11/15/2020 | 1,500,000 | 1,645,365 | ||||||
2.75%, 11/30/2016 | 4,380,000 | 4,758,651 | ||||||
2.75%, 2/15/2019 | 500,000 | 553,765 | ||||||
3.00%, 8/31/2016 | 2,750,000 | 3,000,965 | ||||||
3.00%, 2/28/2017 | 2,000,000 | 2,200,320 | ||||||
3.13%, 10/31/2016 | 2,750,000 | 3,023,158 | ||||||
3.13%, 5/15/2019 (g) | 5,500,000 | 6,229,905 | ||||||
3.13%, 5/15/2021 | 1,000,000 | 1,133,960 | ||||||
3.38%, 11/15/2019 | 2,500,000 | 2,874,800 | ||||||
3.50%, 2/15/2018 | 2,250,000 | 2,562,300 | ||||||
3.50%, 5/15/2020 | 3,000,000 | 3,483,060 | ||||||
3.63%, 8/15/2019 | 500,000 | 582,340 | ||||||
3.63%, 2/15/2020 | 500,000 | 584,220 | ||||||
3.63%, 2/15/2021 | 3,000,000 | 3,521,070 | ||||||
4.00%, 2/15/2014 | 6,100,000 | 6,358,213 | ||||||
4.13%, 5/15/2015 | 3,000,000 | 3,269,730 | ||||||
4.63%, 11/15/2016 | 2,500,000 | 2,893,125 | ||||||
4.75%, 8/15/2017 (a) | 2,425,000 | 2,879,372 | ||||||
5.13%, 5/15/2016 | 810,000 | 936,741 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $202,827,989) | 210,700,858 | |||||||
COMMERCIAL MORTGAGE BACKED SECURITIES — 1.0% | ||||||||
Bank of America Commercial Mortgage, Inc. 5.69%, 6/10/2049 (d) | 780,000 | 903,599 | ||||||
Bear Stearns Commercial Mortgage Securities 4.75%, 2/13/2046 (d) | 550,000 | 583,297 | ||||||
GE Capital Commercial Mortgage Corp. 5.54%, 12/10/2049 | 400,000 | 452,378 | ||||||
Greenwich Capital Commercial Funding Corp. 4.80%, 8/10/2042 (d) | 250,000 | 266,700 | ||||||
GS Mortgage Securities Corp. II: | ||||||||
5.40%, 8/10/2038 (d) | 250,000 | 264,599 | ||||||
5.55%, 4/10/2038 (d) | 250,000 | 280,571 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp.: | ||||||||
3.14%, 5/15/2045 | 250,000 | 266,844 | ||||||
4.87%, 3/15/2046 | 250,000 | 253,838 | ||||||
5.44%, 6/12/2047 | 510,000 | 587,465 | ||||||
5.81%, 6/12/2043 (d) | 500,000 | 572,139 | ||||||
LB-UBS Commercial Mortgage Trust 4.37%, 3/15/2036 | 450,000 | 466,501 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust 5.38%, 8/12/2048 | 400,000 | 457,699 | ||||||
Morgan Stanley Capital I: | ||||||||
5.51%, 11/12/2049 (d) | 475,000 | 550,659 | ||||||
5.61%, 4/15/2049 | 76,791 | 79,990 | ||||||
Wachovia Bank Commercial Mortgage Trust 5.24%, 10/15/2044 (d) | 265,464 | 293,581 | ||||||
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES — | ||||||||
(Cost $4,879,376) | 6,279,860 | |||||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 0.8% | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.8% | ||||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust 5.66%, 10/15/2048 | 900,000 | 920,591 | ||||||
Commercial Mortgage Pass Through Certificates 4.06%, 12/10/2044 | 1,500,000 | 1,656,312 | ||||||
Greenwich Capital Commercial Funding Corp. 5.87%, 7/10/2038 (d) | 840,000 | 963,291 | ||||||
LB-UBS Commercial Mortgage Trust 5.66%, 3/15/2039 (d) | 500,000 | 566,161 |
See accompanying notes to financial statements.
161
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Merrill Lynch Mortgage Trust 5.85%, 6/12/2050 (d) | $ | 648,083 | $ | 690,170 | ||||
Morgan Stanley Capital I, Inc. 5.85%, 12/12/2049 (e) | 444,583 | 462,366 | ||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS — | ||||||||
(Cost $5,209,150) | 5,258,891 | |||||||
ASSET BACKED — 0.3% | ||||||||
AUTOMOBILES — 0.2% | ||||||||
Ford Credit Auto Owner Trust 0.84%, 8/15/2016 | 500,000 | 502,510 | ||||||
Honda Auto Receivables Owner Trust 0.91%, 5/15/2018 | 172,000 | 173,650 | ||||||
Hyundai Auto Receivables Trust 0.81%, 3/15/2018 | 250,000 | 251,716 | ||||||
927,876 | ||||||||
CREDIT CARD RECEIVABLES — 0.1% | ||||||||
Citibank Credit Card Issuance Trust: | ||||||||
4.90%, 6/23/2016 | 200,000 | 213,149 | ||||||
5.35%, 2/7/2020 | 295,000 | 355,689 | ||||||
6.15%, 6/15/2039 | 250,000 | 331,418 | ||||||
900,256 | ||||||||
MULTI-UTILITIES — 0.0% (b) | ||||||||
CenterPoint Energy Transition Bond Co. LLC 5.17%, 8/1/2019 | 250,000 | 282,825 | ||||||
TOTAL ASSET BACKED — | ||||||||
(Cost $2,053,302) | 2,110,957 | |||||||
MUNICIPAL BONDS & NOTES — 0.9% | ||||||||
CALIFORNIA — 0.2% | ||||||||
California, State General Obligation: | ||||||||
5.95%, 4/1/2016 | 35,000 | 39,262 | ||||||
7.30%, 10/1/2039 | 500,000 | 696,530 | ||||||
7.60%, 11/1/2040 | 150,000 | 220,379 | ||||||
Los Angeles, CA, Unified School District, General Obligation 6.76%, 7/1/2034 | 150,000 | 201,192 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue 6.00%, 11/1/2040 | 50,000 | 62,783 | ||||||
University of California 4.86%, 5/15/2112 | 150,000 | 159,534 | ||||||
1,379,680 | ||||||||
CONNECTICUT — 0.0% (b) | ||||||||
Connecticut, State General Obligation 5.09%, 10/1/2030 | 100,000 | 115,261 | ||||||
GEORGIA — 0.1% | ||||||||
Georgia, Municipal Electric Authority Revenue 7.06%, 4/1/2057 | 250,000 | 284,485 | ||||||
Georgia, State General Obligation 4.50%, 11/1/2025 | 200,000 | 233,854 | ||||||
518,339 | ||||||||
ILLINOIS — 0.1% | ||||||||
Illinois, State General Obligation: | ||||||||
4.07%, 1/1/2014 | 100,000 | 102,930 | ||||||
5.10%, 6/1/2033 | 200,000 | 198,716 | ||||||
7.35%, 7/1/2035 | 250,000 | 303,647 | ||||||
605,293 | ||||||||
MASSACHUSETTS — 0.0% (b) | ||||||||
Massachusetts, State General Obligation 4.91%, 5/1/2029 | 100,000 | 117,319 | ||||||
NEW JERSEY — 0.1% | ||||||||
New Jersey, State Transportation Trust Revenue 6.10%, 12/15/2028 | 100,000 | 114,174 | ||||||
New Jersey, State Turnpike Authority Revenue 7.10%, 1/1/2041 | 250,000 | 362,368 | ||||||
Rutgers University, Revenue 5.67%, 5/1/2040 | 80,000 | 100,983 | ||||||
577,525 | ||||||||
NEW YORK — 0.2% | ||||||||
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue 5.72%, 6/15/2042 | 215,000 | 280,824 | ||||||
New York, NY, City Transitional Finance Authority Revenue 5.51%, 8/1/2037 | 100,000 | 125,028 | ||||||
New York, NY, General Obligation 5.52%, 10/1/2037 | 85,000 | 105,618 | ||||||
New York, NY, Metropolitan Transportation Authority Revenue 6.67%, 11/15/2039 | 250,000 | 327,522 | ||||||
Port Authority of New York & New Jersey 5.86%, 12/1/2024 | 250,000 | 320,073 | ||||||
1,159,065 | ||||||||
OHIO — 0.1% | ||||||||
Ohio State University 4.91%, 6/1/2040 | 100,000 | 118,889 | ||||||
Ohio, American Municipal Power, Inc., Revenue 6.45%, 2/15/2044 | 200,000 | 240,454 | ||||||
359,343 | ||||||||
PENNSYLVANIA — 0.1% | ||||||||
Pennsylvania, Public School Building Authority Revenue 5.00%, 9/15/2027 | 100,000 | 116,957 | ||||||
Pennsylvania, Turnpike Commission Revenue 5.51%, 12/1/2045 | 75,000 | 89,846 | ||||||
206,803 | ||||||||
PUERTO RICO — 0.0% (b) | ||||||||
Government Development Bank for Puerto Rico 4.38%, 2/1/2019 | 150,000 | 147,000 | ||||||
See accompanying notes to financial statements.
162
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
TEXAS — 0.0% (b) | ||||||||
Texas, State Transportation Commission, Revenue, Series B 5.18%, 4/1/2030 | $ | 100,000 | $ | 122,747 | ||||
WASHINGTON — 0.0% (b) | ||||||||
Washington, State General Obligation 5.14%, 8/1/2040 | 150,000 | 186,057 | ||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $5,020,079) | 5,494,432 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 36.1% | ||||||||
MONEY MARKET FUNDS — 36.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (h)(i) | 23,709,085 | 23,709,085 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (i)(j) | 200,453,017 | 200,453,017 | ||||||
TOTAL SHORT TERM INVESTMENTS — (k) | ||||||||
(Cost $224,162,102) | 224,162,102 | |||||||
TOTAL INVESTMENTS — 133.3% (l) | ||||||||
(Cost $807,458,917) | 828,925,193 | |||||||
OTHER ASSETS & LIABILITIES — (33.3)% | (207,191,598 | ) | ||||||
NET ASSETS — 100.0% | $ | 621,733,595 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.5% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(d) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(e) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(f) | When-issued security. | |||||
(g) | Security, or a portion of the security has been designated as collateral for TBA securities. | |||||
(h) | Investments of cash collateral for securities loaned. | |||||
(i) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(j) | The rate shown is the annualized seven-day yield at period end. | |||||
(k) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(l) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
TBA = To Be Announced
See accompanying notes to financial statements.
163
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 99.1% | ||||||||
ALABAMA — 0.4% | ||||||||
Alabama, Auburn University, General Fee Revenue Series A 5.00%, 6/1/2036 | $ | 890,000 | $ | 1,022,824 | ||||
Alabama, Federal Aid Highway Finance Authority Revenue 5.00%, 3/1/2015 | 1,650,000 | 1,802,823 | ||||||
Alabama, Public School & College Authority Revenue 5.00%, 12/1/2023 | 1,500,000 | 1,763,055 | ||||||
4,588,702 | ||||||||
ALASKA — 0.3% | ||||||||
Alaska, State General Obligation Series A 5.00%, 8/1/2024 | 2,580,000 | 3,166,898 | ||||||
ARIZONA — 3.7% | ||||||||
Arizona, Salt River Project, Agricultural Improvement & Power District: | ||||||||
Series A 5.00%, 1/1/2016 | 500,000 | 563,540 | ||||||
Series A 5.00%, 1/1/2027 | 500,000 | 576,575 | ||||||
Series A 5.00%, 12/1/2031 | 12,000,000 | 14,422,920 | ||||||
Series A 5.00%, 1/1/2033 | 5,000,000 | 5,748,550 | ||||||
Series A 5.00%, 1/1/2033 | 2,305,000 | 2,636,666 | ||||||
Arizona, State Transportation Board, Excise Tax Revenue 5.00%, 7/1/2021 | 1,500,000 | 1,724,400 | ||||||
Arizona, State Transportation Board, Highway Revenue Series A 5.00%, 7/1/2028 | 7,145,000 | 8,343,574 | ||||||
Chandler, AZ, General Obligation 4.25%, 7/1/2026 | 5,000,000 | 5,660,200 | ||||||
Mesa, AZ, Highway Revenue Series A 5.00%, 7/1/2020 | 1,800,000 | 1,984,248 | ||||||
Phoenix, AZ, Civic Improvement Corp., Wastewater System Revenue, Senior Lien 5.50%, 7/1/2019 | 1,000,000 | 1,226,670 | ||||||
Pima County, AZ, Industrial Development Authority, Lease Revenue 5.00%, 9/1/2039 | 2,000,000 | 2,100,840 | ||||||
44,988,183 | ||||||||
ARKANSAS — 0.0% (a) | ||||||||
Fort Smith, AR, Sales & Use Tax Revenue 3.60%, 5/1/2026 | 565,000 | 590,041 | ||||||
CALIFORNIA — 12.1% | ||||||||
California, Bay Area Toll Authority Revenue 5.00%, 4/1/2026 | 9,135,000 | 11,033,892 | ||||||
California, East Bay Municipal Utility District, Water System Revenue Series B 5.00%, 6/1/2023 | 215,000 | 278,141 | ||||||
California, State Department of Water Resources, Revenue Series L 5.00%, 5/1/2020 | 10,000,000 | 12,411,300 | ||||||
California, State University Revenue Series A 5.00%, 11/1/2033 (b) | 3,500,000 | 4,012,540 | ||||||
Eastern Municipal Water District, CA, Water & Sewer Revenue Series H 5.00%, 7/1/2033 | 6,035,000 | 7,002,833 | ||||||
Long Beach, CA, Community College District, General Obligation Series B 5.00%, 8/1/2039 | 2,000,000 | 2,293,060 | ||||||
Los Angeles, CA, Community College District, General Obligation Series E-1 5.00%, 8/1/2026 | 1,000,000 | 1,172,480 | ||||||
Los Angeles, CA, Department of Airports Revenue Series B 5.00%, 5/15/2035 | 4,500,000 | 5,237,820 | ||||||
Los Angeles, CA, Department of Water & Power Revenue: | ||||||||
Series C 5.00%, 1/1/2016 | 2,000,000 | 2,237,180 | ||||||
Series A 5.00%, 7/1/2020 | 7,400,000 | 9,222,842 | ||||||
Los Angeles, CA, General Obligation Series B 5.00%, 9/1/2022 | 10,000,000 | 12,356,000 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
Series A-1 4.00%, 7/1/2016 | 1,250,000 | 1,383,363 | ||||||
Series KRY 5.00%, 7/1/2018 | 330,000 | 395,868 | ||||||
Series D 5.00%, 1/1/2034 | 575,000 | 649,612 | ||||||
Los Angeles, CA, Wastewater System Revenue: | ||||||||
Series A 5.00%, 6/1/2029 | 1,000,000 | 1,161,300 | ||||||
5.00%, 6/1/2039 | 1,845,000 | 2,079,241 | ||||||
Los Rios, CA, Community College District Election of 2008 Series A 5.00%, 8/1/2035 | 5,000,000 | 5,705,700 | ||||||
Metropolitan Water District of Southern California Series C 5.00%, 10/1/2027 | 4,120,000 | 5,577,944 | ||||||
Metropolitan Water District of Southern California, Waterworks Revenue Series A 5.00%, 1/1/2029 | 4,900,000 | 5,705,119 | ||||||
Oakland, CA, Joint Powers Financing Authority Lease Revenue Series B 5.00%, 8/1/2022 (b) | 2,105,000 | 2,381,913 | ||||||
Pasadena, CA, Unified School District, General Obligation 5.00%, 5/1/2034 | 500,000 | 588,360 | ||||||
Sacramento, CA, Sanitation Districts Financing Authority Revenue 5.00%, 12/1/2024 | 3,500,000 | 4,235,245 | ||||||
San Diego, CA, Community College District 5.00%, 8/1/2041 | 1,030,000 | 1,185,551 | ||||||
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue: | ||||||||
Series B 5.00%, 5/15/2021 | 1,000,000 | 1,204,920 | ||||||
Series A 5.25%, 5/15/2039 | 1,000,000 | 1,131,910 |
See accompanying notes to financial statements.
164
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
San Diego, CA, Unified School District Election of 2008 Series A Zero Coupon, 7/1/2028 (c) | $ | 2,000,000 | $ | 1,028,400 | ||||
San Francisco, CA, Bay Area Rapid Transit District Revenue: | ||||||||
Series A 5.00%, 7/1/2029 | 500,000 | 605,510 | ||||||
Series A 5.00%, 7/1/2030 | 500,000 | 602,695 | ||||||
San Francisco, CA, Bay Area Toll Authority, Toll Bridge Revenue 5.13%, 4/1/2047 | 655,000 | 724,024 | ||||||
San Francisco, CA, Community College District, General Obligation Series B 5.00%, 6/15/2028 (b) | 5,000,000 | 5,281,400 | ||||||
San Francisco, CA, Public Utilities Commission, Water Revenue: | ||||||||
Series B 5.00%, 9/1/2018 | 9,755,000 | 11,513,241 | ||||||
Subseries A 5.00%, 11/1/2024 | 6,750,000 | 8,319,173 | ||||||
5.00%, 6/15/2027 | 500,000 | 545,810 | ||||||
Series A 5.00%, 11/1/2030 | 6,000,000 | 7,128,840 | ||||||
San Francisco, CA, Unified School District, General Obligation 4.00%, 6/15/2025 | 900,000 | 1,027,305 | ||||||
San Joaquin County, CA, Transportation Authority, Sales Tax Revenue Series A 5.50%, 3/1/2041 | 4,700,000 | 5,548,256 | ||||||
University of California, Revenue: | ||||||||
Series S 5.00%, 5/15/2040 | 1,000,000 | 1,153,650 | ||||||
Series Q 5.25%, 5/15/2028 | 2,855,000 | 3,332,299 | ||||||
147,454,737 | ||||||||
COLORADO — 2.3% | ||||||||
Adams & Arapahoe, CO, Joint School District 28J Aurora 5.00%, 12/1/2023 | 5,000,000 | 6,260,400 | ||||||
Colorado Springs, CO, Utilities System Revenue Series C-1 4.00%, 11/15/2030 | 9,000,000 | 9,916,830 | ||||||
Colorado, State Higher Education Capital Construction Lease Purchase Program, Certificates of Participation 5.50%, 11/1/2027 | 500,000 | 628,940 | ||||||
Denver, CO, City & County General Obligation 5.25%, 8/1/2018 | 325,000 | 396,555 | ||||||
Denver, CO, City & County, School District No. 1 General Obligation Series C 5.00%, 12/1/2023 | 1,175,000 | 1,497,737 | ||||||
Metropolitan Wastewater Reclamation District, CO, Sewer Revenue: | ||||||||
Series A 3.00%, 4/1/2028 | 5,415,000 | 5,462,869 | ||||||
Series A 3.00%, 4/1/2029 | 650,000 | 652,594 | ||||||
Platte River, CO, Power Authority Revenue: | ||||||||
Series HH 5.00%, 6/1/2024 | 1,255,000 | 1,498,696 | ||||||
Series HH 5.00%, 6/1/2029 | 1,000,000 | 1,173,010 | ||||||
27,487,631 | ||||||||
CONNECTICUT — 1.9% | ||||||||
Connecticut, State General Obligation: | ||||||||
Series A 5.00%, 1/1/2016 | 500,000 | 563,540 | ||||||
Series B 5.00%, 12/1/2016 | 1,575,000 | 1,828,370 | ||||||
5.00%, 12/1/2020 | 7,500,000 | 9,244,125 | ||||||
5.00%, 12/1/2021 | 7,500,000 | 9,188,850 | ||||||
Series C 5.50%, 11/1/2016 | 1,505,000 | 1,770,919 | ||||||
22,595,804 | ||||||||
DELAWARE — 1.1% | ||||||||
Delaware, State General Obligation: | ||||||||
5.00%, 7/1/2017 | 2,755,000 | 3,267,182 | ||||||
Series B 5.00%, 7/1/2017 | 150,000 | 177,886 | ||||||
Delaware, State Transportation Authority, Transportation System Revenue 5.00%, 7/1/2022 | 5,280,000 | 6,705,917 | ||||||
New Castle County, DE, General Obligation Series A 5.00%, 7/15/2039 | 2,500,000 | 2,854,225 | ||||||
13,005,210 | ||||||||
DISTRICT OF COLUMBIA — 1.8% | ||||||||
District of Columbia, Income Tax Secured Revenue: | ||||||||
Series C 4.00%, 12/1/2035 | 7,000,000 | 7,472,150 | ||||||
Series A 5.00%, 12/1/2023 | 1,235,000 | 1,551,333 | ||||||
District of Columbia, Water & Sewer Authority, Public Utility Revenue Series A 5.50%, 10/1/2039 | 5,000,000 | 5,953,600 | ||||||
Metropolitan Washington, DC, Airport Authority System Revenue: | ||||||||
Zero Coupon, 10/1/2033 (b)(c) | 1,785,000 | 660,646 | ||||||
Series C 5.00%, 10/1/2028 | 5,000,000 | 5,786,150 | ||||||
21,423,879 | ||||||||
FLORIDA — 5.0% | ||||||||
Broward County, FL, Water & Sewer Utility Revenue Series A 5.00%, 10/1/2037 | 450,000 | 526,761 | ||||||
Citizens Property Insurance Corp., FL Series A-1 4.50%, 6/1/2020 (b) | 1,000,000 | 1,149,050 | ||||||
Florida, State Board of Education, Capital Outlay: | ||||||||
Series A 4.00%, 6/1/2021 | 750,000 | 872,482 | ||||||
Series C 4.00%, 6/1/2027 | 620,000 | 687,146 | ||||||
Series B 5.00%, 6/1/2015 | 2,600,000 | 2,874,430 | ||||||
Series A 5.00%, 6/1/2018 | 4,000,000 | 4,805,240 | ||||||
Series D 5.00%, 6/1/2021 | 500,000 | 609,025 | ||||||
Series D 5.00%, 6/1/2024 | 7,550,000 | 9,098,731 | ||||||
Florida, State Board of Education, General Obligation 5.00%, 6/1/2037 | 1,000,000 | 1,139,680 | ||||||
Florida, State Hurricane Catastrophe Fund Revenue Series A 5.00%, 7/1/2014 | 1,045,000 | 1,112,204 | ||||||
Florida, State, Department of Transportation General Obligation: | ||||||||
3.25%, 7/1/2030 | 1,000,000 | 1,008,890 | ||||||
Series A 5.00%, 7/1/2016 | 275,000 | 313,772 |
See accompanying notes to financial statements.
165
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.00%, 7/1/2021 | $ | 500,000 | $ | 627,260 | ||||
Florida, Water Pollution Control Financing Revenue Series A 5.00%, 7/15/2014 | 1,375,000 | 1,471,415 | ||||||
JEA, FL, Bulk Power Supply System Revenue, Scherer 4 Project Series A 5.63%, 10/1/2033 | 5,000,000 | 5,284,550 | ||||||
Miami-Dade County, FL, General Obligation: | ||||||||
4.75%, 7/1/2034 | 1,675,000 | 1,882,315 | ||||||
5.00%, 10/1/2023 (b) | 500,000 | 552,085 | ||||||
5.00%, 7/1/2031 | 1,980,000 | 2,271,100 | ||||||
6.00%, 10/1/2023 | 1,270,000 | 1,578,496 | ||||||
Miami-Dade County, FL, School Board Certificates of Participation Series B 4.00%, 5/1/2017 (b) | 1,000,000 | 1,098,130 | ||||||
Orlando, FL, Utilities Commission Revenue 5.00%, 10/1/2029 | 1,400,000 | 1,654,268 | ||||||
Orlando, FL, Utilities Commission, Utility System Revenue Series A 5.00%, 10/1/2023 (d) | 2,500,000 | 3,163,600 | ||||||
Palm Beach County, FL, Public Improvement Revenue: | ||||||||
5.00%, 6/1/2025 | 9,040,000 | 11,051,400 | ||||||
5.00%, 5/1/2038 | 5,000,000 | 5,611,500 | ||||||
Tohopekaliga, FL, Water Authority Utility System Revenue 5.75%, 10/1/2029 | 750,000 | 925,710 | ||||||
61,369,240 | ||||||||
GEORGIA — 2.8% | ||||||||
Douglas County, GA, General Obligation 5.00%, 8/1/2016 | 4,000,000 | 4,606,200 | ||||||
Fulton County, GA, Water & Sewer Revenue 5.00%, 1/1/2017 | 1,430,000 | 1,645,401 | ||||||
Georgia, State Environmental Loan Acquisition Corp. Revenue 5.13%, 3/15/2031 | 5,000,000 | 5,862,000 | ||||||
Georgia, State General Obligation: | ||||||||
Series F 5.00%, 12/1/2016 | 500,000 | 584,010 | ||||||
Series E 5.00%, 7/1/2018 | 700,000 | 853,020 | ||||||
Series B 5.00%, 7/1/2022 | 4,500,000 | 5,361,300 | ||||||
Series I 5.00%, 7/1/2022 | 1,000,000 | 1,214,350 | ||||||
Series B 5.00%, 7/1/2024 | 1,145,000 | 1,347,573 | ||||||
Georgia, State Road & Tollway Authority Revenue Series B 5.00%, 10/1/2022 | 4,500,000 | 5,785,920 | ||||||
Gwinnett County, GA, School District, General Obligation 5.00%, 2/1/2019 | 5,380,000 | 6,620,359 | ||||||
Gwinnett County, GA, Water & Sewerage Authority Revenue 5.00%, 8/1/2023 | 500,000 | 629,770 | ||||||
34,509,903 | ||||||||
HAWAII — 1.2% | ||||||||
City & County of Honolulu, HI, General Obligation: | ||||||||
Series A 5.25%, 8/1/2031 | 2,620,000 | 3,202,373 | ||||||
Series A 5.25%, 8/1/2034 | 1,500,000 | 1,806,300 | ||||||
City & County of Honolulu, HI, Wastewater System Revenue Series A 5.00%, 7/1/2041 | 7,000,000 | 7,997,500 | ||||||
Hawaii, State General Obligation Series EA 5.00%, 12/1/2016 | 955,000 | 1,108,230 | ||||||
14,114,403 | ||||||||
IDAHO — 0.5% | ||||||||
Idaho, Housing & Financing Association, Unemployment Compensation Revenue 5.00%, 8/15/2015 | 5,000,000 | 5,514,700 | ||||||
ILLINOIS — 3.8% | ||||||||
Chicago, IL, Board of Education, General Obligation Series A 5.00%, 12/1/2041 | 1,660,000 | 1,813,235 | ||||||
Chicago, IL, General Obligation: | ||||||||
Series C Zero Coupon, 1/1/2031 (c) | 600,000 | 264,726 | ||||||
Series C 5.00%, 1/1/2023 | 3,785,000 | 4,426,482 | ||||||
Series A 5.25%, 1/1/2037 | 5,000,000 | 5,411,850 | ||||||
Chicago, IL, O’Hare International Airport Revenue Series A 5.00%, 1/1/2038 (b) | 1,500,000 | 1,620,060 | ||||||
Chicago, IL, Park District, General Obligation Series C 5.25%, 1/1/2040 | 500,000 | 575,195 | ||||||
Cook County, IL, General Obligation: | ||||||||
Series A 5.00%, 11/15/2019 | 2,000,000 | 2,402,880 | ||||||
Series A 5.25%, 11/15/2033 | 8,520,000 | 9,649,496 | ||||||
Illinois, State Finance Authority Revenue Series A 5.00%, 10/1/2051 | 3,020,000 | 3,353,650 | ||||||
Illinois, State General Obligation: | ||||||||
5.00%, 1/1/2015 (b) | 1,055,000 | 1,134,747 | ||||||
5.00%, 1/1/2018 (b) | 595,000 | 683,054 | ||||||
Illinois, State Sales Tax Revenue Series A 4.75%, 6/15/2034 | 970,000 | 1,070,618 | ||||||
Illinois, State Toll Highway Authority Revenue 5.00%, 1/1/2028 | 1,300,000 | 1,463,761 | ||||||
Illinois, State Unemployment Insurance Fund, Building Receipts Revenue Series A 5.00%, 6/15/2016 | 4,060,000 | 4,644,599 | ||||||
Illinois, University of Chicago, Finance Authority Revenue: | ||||||||
Series A 4.00%, 10/1/2032 | 955,000 | 1,015,824 | ||||||
Series B 6.25%, 7/1/2038 | 5,000,000 | 6,149,650 | ||||||
45,679,827 | ||||||||
INDIANA — 0.5% | ||||||||
Indiana, State Finance Authority, Lease Revenue Series A-1 5.00%, 11/1/2015 | 3,000,000 | 3,348,540 |
See accompanying notes to financial statements.
166
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Indianapolis, IN, Public Improvement Revenue Series B 5.00%, 2/1/2019 | $ | 1,995,000 | $ | 2,431,326 | ||||
5,779,866 | ||||||||
IOWA — 0.2% | ||||||||
Iowa, State Finance Authority Revenue: | ||||||||
5.00%, 8/1/2020 | 600,000 | 747,594 | ||||||
5.00%, 8/1/2030 | 1,000,000 | 1,187,620 | ||||||
1,935,214 | ||||||||
KANSAS — 0.5% | ||||||||
Kansas, State Department of Transportation, Highway Revenue Series B 5.00%, 9/1/2019 | 3,500,000 | 4,361,280 | ||||||
Wichita, KS, Water & Sewer Utility Revenue Series A 5.00%, 10/1/2039 | 1,975,000 | 2,210,539 | ||||||
6,571,819 | ||||||||
KENTUCKY — 0.6% | ||||||||
Kentucky, State Asset/Liability Commission Agency Revenue Series A 5.00%, 9/1/2021 | 570,000 | 699,931 | ||||||
Kentucky, State Economic Development Finance Authority Revenue Series A-1 6.00%, 12/1/2033 (b) | 1,045,000 | 1,153,178 | ||||||
Kentucky, State Property & Buildings Commission Revenue: | ||||||||
Series A 3.00%, 8/1/2014 | 1,600,000 | 1,656,000 | ||||||
5.00%, 11/1/2017 (b) | 450,000 | 531,545 | ||||||
Series A 5.00%, 11/1/2017 | 375,000 | 442,954 | ||||||
5.00%, 11/1/2018 | 1,000,000 | 1,209,400 | ||||||
Kentucky, State Turnpike Authority, Economic Development Road Revenue Series A 5.00%, 7/1/2028 | 1,475,000 | 1,723,272 | ||||||
7,416,280 | ||||||||
LOUISIANA — 0.1% | ||||||||
Louisiana, State Gas & Fuels Tax Revenue Series B 5.00%, 5/1/2025 | 1,000,000 | 1,211,020 | ||||||
Louisiana, State General Obligation Series A 5.00%, 11/15/2018 | 200,000 | 243,794 | ||||||
1,454,814 | ||||||||
MARYLAND — 2.8% | ||||||||
Anne Arundel County, MD, General Obligation 5.00%, 4/1/2019 | 1,410,000 | 1,736,020 | ||||||
Howard County, MD, General Obligation Series B 5.00%, 8/15/2017 | 4,745,000 | 5,631,698 | ||||||
Maryland, State Department of Transportation, Consolidated Transportation Revenue 5.00%, 2/15/2016 | 250,000 | 283,632 | ||||||
Maryland, State Economic Development Corp. Lease Revenue 3.25%, 6/1/2025 | 480,000 | 506,770 | ||||||
Maryland, State General Obligation: | ||||||||
Series C 4.00%, 8/15/2022 | 1,000,000 | 1,203,190 | ||||||
Series C 5.00%, 3/1/2017 | 3,110,000 | 3,652,913 | ||||||
Series B 5.00%, 8/1/2017 | 540,000 | 641,952 | ||||||
Series C 5.00%, 11/1/2018 | 4,325,000 | 5,315,252 | ||||||
Maryland, State Transportation Authority, Grant & Revenue Anticipation 5.25%, 3/1/2017 | 1,575,000 | 1,842,734 | ||||||
Montgomery County, MD, General Obligation: | ||||||||
Series A 4.00%, 7/1/2030 | 5,000,000 | 5,503,500 | ||||||
Series A 5.00%, 7/1/2017 | 5,000,000 | 5,845,100 | ||||||
Washington, MD, Suburban Sanitation District, General Obligation 5.00%, 6/1/2017 | 2,000,000 | 2,365,020 | ||||||
34,527,781 | ||||||||
MASSACHUSETTS — 3.1% | ||||||||
Boston, MA, General Obigation 4.00%, 4/1/2018 | 450,000 | 519,516 | ||||||
Massachusetts, State General Obligation: | ||||||||
Series B 3.00%, 6/1/2027 | 160,000 | 162,555 | ||||||
Series D 4.25%, 10/1/2027 | 2,750,000 | 3,141,958 | ||||||
Series A 4.50%, 6/1/2027 | 455,000 | 536,072 | ||||||
Series B 5.00%, 7/1/2019 | 590,000 | 727,954 | ||||||
Series A 5.00%, 3/1/2025 | 965,000 | 1,166,106 | ||||||
Series B 5.00%, 8/1/2025 | 5,000,000 | 6,144,100 | ||||||
Massachusetts, State Health & Educational Facilities Authority, Revenue Series A 5.50%, 11/15/2036 | 2,510,000 | 3,004,495 | ||||||
Massachusetts, State Port Authority Revenue 5.00%, 7/1/2040 | 405,000 | 468,986 | ||||||
Massachusetts, State School Building Authority Revenue: | ||||||||
Series 2009-1 5.00%, 5/1/2019 | 815,000 | 1,001,407 | ||||||
Series B 5.00%, 10/15/2041 | 1,500,000 | 1,715,070 | ||||||
Massachusetts, State School Building Authority, Sales Tax Revenue Series B 5.00%, 8/15/2018 | 5,000,000 | 6,070,850 | ||||||
Massachusetts, State Water Pollution Abatement Trust Revenue: | ||||||||
5.00%, 8/1/2024 | 500,000 | 606,385 | ||||||
5.00%, 8/1/2024 | 480,000 | 588,307 | ||||||
Massachusetts, State Water Resources Authority Revenue: | ||||||||
Series B 5.00%, 8/1/2026 | 5,830,000 | 7,198,359 | ||||||
Series B 5.00%, 8/1/2030 | 2,775,000 | 3,297,338 | ||||||
Series A 5.00%, 8/1/2042 | 1,500,000 | 1,727,805 | ||||||
38,077,263 | ||||||||
MICHIGAN — 0.6% | ||||||||
Detroit, MI, General Obligation: | ||||||||
5.00%, 11/1/2030 | 500,000 | 552,005 |
See accompanying notes to financial statements.
167
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.25%, 11/1/2035 | $ | 550,000 | $ | 603,124 | ||||
Michigan, Municipal Bond Authority Revenue: | ||||||||
5.00%, 10/1/2023 | 1,000,000 | 1,200,170 | ||||||
5.00%, 10/1/2029 | 2,905,000 | 3,531,725 | ||||||
Michigan, State Finance Authority Revenue 5.00%, 10/1/2022 | 1,000,000 | 1,247,660 | ||||||
Michigan, State Grant Anticipation Revenue 5.25%, 9/15/2021 (b) | 450,000 | 518,517 | ||||||
7,653,201 | ||||||||
MINNESOTA — 1.4% | ||||||||
Minnesota, State General Obligation: | ||||||||
Series B 5.00%, 8/1/2018 | 1,700,000 | 2,075,037 | ||||||
Series D 5.00%, 8/1/2018 | 2,000,000 | 2,441,220 | ||||||
Series A 5.00%, 10/1/2018 | 3,320,000 | 4,071,648 | ||||||
Series D 5.00%, 8/1/2019 | 2,275,000 | 2,839,541 | ||||||
Series D 5.00%, 8/1/2020 | 450,000 | 569,736 | ||||||
Series D 5.00%, 8/1/2021 | 715,000 | 898,791 | ||||||
Seried D 5.00%, 8/1/2022 | 855,000 | 1,071,289 | ||||||
University of Minnesota, Revenue Series A 5.00%, 12/1/2018 | 2,750,000 | 3,349,555 | ||||||
17,316,817 | ||||||||
MISSISSIPPI — 0.3% | ||||||||
Mississippi, State General Obligation Series A 5.00%, 10/1/2036 | 3,000,000 | 3,426,000 | ||||||
MISSOURI — 0.1% | ||||||||
Missouri, State Board of Public Buildings, Special Obligation Series A 1.00%, 10/1/2026 | 965,000 | 726,790 | ||||||
Missouri, State Health & Educational Facilities Authority Revenue Series A 5.25%, 3/15/2018 | 500,000 | 610,470 | ||||||
Missouri, State Highway & Transportation Commission, State Road Revenue Series A 5.00%, 5/1/2016 | 150,000 | 171,321 | ||||||
1,508,581 | ||||||||
NEBRASKA — 0.3% | ||||||||
Omaha, NE, Public Power District Electric Revenue: | ||||||||
Series C 5.00%, 2/1/2018 | 1,000,000 | 1,201,840 | ||||||
Series C 5.00%, 2/1/2019 | 1,250,000 | 1,532,413 | ||||||
University of Nebraska, Revenue 5.00%, 7/1/2038 | 1,000,000 | 1,164,130 | ||||||
3,898,383 | ||||||||
NEVADA — 1.5% | ||||||||
Clark County, NV, General Obligation 5.00%, 6/1/2026 | 8,305,000 | 9,696,586 | ||||||
Clark County, NV, School District, General Obligation Series A 5.00%, 6/15/2022 | 3,000,000 | 3,465,630 | ||||||
Las Vegas Valley, NV, Water District, General Obligation Series A 5.00%, 2/1/2033 | 350,000 | 393,054 | ||||||
Las Vegas, NV, General Obligation 6.00%, 4/1/2039 | 4,265,000 | 4,919,933 | ||||||
18,475,203 | ||||||||
NEW JERSEY — 1.5% | ||||||||
New Jersey, Environmental Infrastructure Trust Revenue: | ||||||||
Series A 4.00%, 9/1/2022 | 15,000 | 17,479 | ||||||
Series A 4.00%, 9/1/2022 | 3,185,000 | 3,585,864 | ||||||
Series A 4.00%, 9/1/2027 | 30,000 | 34,957 | ||||||
Series A 4.00%, 9/1/2027 | 2,490,000 | 2,750,902 | ||||||
New Jersey, State General Obligation 5.00%, 6/1/2019 | 8,825,000 | 10,820,244 | ||||||
New Jersey, State Higher Education Assistance Authority Revenue Series 1A 5.00%, 12/1/2017 | 1,410,000 | 1,611,757 | ||||||
18,821,203 | ||||||||
NEW MEXICO — 1.1% | ||||||||
Albuquerque, NM, Municipal School District, General Obligation Series A 4.00%, 8/1/2022 | 6,650,000 | 7,496,080 | ||||||
New Mexico, State Finance Authority Revenue Series A 5.00%, 6/1/2038 | 2,400,000 | 2,744,784 | ||||||
New Mexico, State Finance Authority Transportation Revenue 5.00%, 6/15/2017 | 3,000,000 | 3,533,580 | ||||||
13,774,444 | ||||||||
NEW YORK — 19.6% | ||||||||
Erie County, NY, Fiscal Stability Authority Sales Tax Revenue Series A 5.00%, 5/15/2020 | 1,000,000 | 1,236,060 | ||||||
Erie County, NY, Industrial Development Agency Revenue: | ||||||||
5.25%, 5/1/2029 | 1,390,000 | 1,624,410 | ||||||
Series A 5.75%, 5/1/2019 (b) | 1,500,000 | 1,871,205 | ||||||
Nassau County, NY, Sewer & Storm Water Finance Authority System, Revenue Series A 5.38%, 11/1/2028 | 1,275,000 | 1,503,544 | ||||||
New York & New Jersey, Port Authority Revenue: | ||||||||
4.00%, 12/1/2027 | 2,600,000 | 2,883,686 | ||||||
4.25%, 7/15/2040 | 1,000,000 | 1,054,680 | ||||||
156th Series 4.75%, 11/1/2036 | 7,000,000 | 7,756,000 | ||||||
5.00%, 7/15/2039 | 4,500,000 | 5,083,155 | ||||||
New York, NY, City Municipal Water Finance Authority: | ||||||||
4.25%, 6/15/2031 | 3,000,000 | 3,332,340 | ||||||
4.50%, 6/15/2032 | 1,000,000 | 1,120,180 | ||||||
Series DD 4.50%, 6/15/2038 | 2,310,000 | 2,494,962 | ||||||
Series DD 4.63%, 6/15/2031 | 1,030,000 | 1,159,244 | ||||||
5.00%, 6/15/2026 | 3,000,000 | 3,628,860 | ||||||
5.00%, 6/15/2027 | 545,000 | 645,999 | ||||||
Series A 5.00%, 6/15/2038 | 1,000,000 | 1,112,160 | ||||||
5.00%, 6/15/2043 | 3,500,000 | 3,938,200 | ||||||
Series GG-2 5.25%, 6/15/2040 | 625,000 | 723,925 | ||||||
Series A 5.50%, 6/15/2021 | 1,150,000 | 1,407,267 |
See accompanying notes to financial statements.
168
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue: | ||||||||
Series FF 4.00%, 6/15/2045 | $ | 1,000,000 | $ | 1,040,730 | ||||
Series CC 5.00%, 6/15/2045 | 325,000 | 367,767 | ||||||
New York, NY, City Transitional Finance Authority: | ||||||||
Series E-1 5.00%, 2/1/2018 | 500,000 | 597,630 | ||||||
5.00%, 11/1/2020 | 1,025,000 | 1,284,069 | ||||||
Series C 5.00%, 11/1/2028 | 2,000,000 | 2,421,900 | ||||||
5.50%, 11/1/2035 | 4,545,000 | 5,544,536 | ||||||
New York, NY, City Transitional Finance Authority Revenue Series B 5.00%, 11/1/2018 | 3,605,000 | 4,393,846 | ||||||
New York, NY, City Transitional Finance Authority, Building Aid Revenue Seres S-1 5.00%, 7/15/2030 | 4,675,000 | 5,547,261 | ||||||
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue: | ||||||||
Series B 5.00%, 11/1/2016 | 510,000 | 593,462 | ||||||
Series B 5.00%, 11/1/2016 | 490,000 | 568,777 | ||||||
Series D 5.00%, 11/1/2016 | 1,690,000 | 1,961,701 | ||||||
Series C 5.00%, 11/1/2020 | 645,000 | 811,616 | ||||||
Series F-1 5.00%, 5/1/2021 | 500,000 | 628,010 | ||||||
Series A-1 5.00%, 5/1/2023 | 20,000 | 24,836 | ||||||
Series A-1 5.00%, 5/1/2023 | 845,000 | 1,019,408 | ||||||
New York, NY, General Obligation: | ||||||||
Series A 4.25%, 2/15/2029 | 940,000 | 1,056,438 | ||||||
Series C 5.00%, 8/1/2015 | 5,200,000 | 5,778,084 | ||||||
Series C 5.00%, 11/15/2016 | 5,000,000 | 5,791,150 | ||||||
5.00%, 3/1/2017 | 5,000,000 | 5,812,550 | ||||||
Series C 5.00%, 8/1/2017 | 2,000,000 | 2,350,980 | ||||||
Series A-1 5.00%, 10/1/2018 | 5,000,000 | 6,047,950 | ||||||
Series A-1 5.00%, 10/1/2019 | 5,000,000 | 6,164,900 | ||||||
Series H-1 5.00%, 3/1/2023 | 500,000 | 594,145 | ||||||
Series I 5.00%, 8/1/2029 | 4,025,000 | 4,801,422 | ||||||
Series C 5.25%, 8/1/2017 | 550,000 | 652,647 | ||||||
Series B-1 5.25%, 9/1/2021 | 1,855,000 | 2,260,225 | ||||||
Series B-1 5.25%, 9/1/2023 | 7,180,000 | 8,652,546 | ||||||
New York, NY, Liberty Development Corp. Revenue: | ||||||||
5.13%, 1/15/2044 | 5,975,000 | 6,638,344 | ||||||
5.63%, 1/15/2046 | 1,000,000 | 1,148,870 | ||||||
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue 5.00%, 12/1/2016 | 2,375,000 | 2,750,107 | ||||||
New York, NY, Triborough Bridge & Tunnel Authority Revenue: | ||||||||
Series B Zero Coupon, 11/15/2027 (c) | 1,850,000 | 1,150,719 | ||||||
Series B Zero Coupon, 11/15/2029 (c) | 735,000 | 420,427 | ||||||
Series A 5.00%, 1/1/2023 | 11,525,000 | 14,186,929 | ||||||
Series B 5.00%, 11/15/2027 | 4,550,000 | 5,570,019 | ||||||
Series A-2 5.00%, 11/15/2029 | 12,620,000 | 14,628,978 | ||||||
New York, State Bridge Authority General Obligation 4.00%, 1/1/2027 | 1,000,000 | 1,104,850 | ||||||
New York, State Dormitory Authority Revenue: | ||||||||
Series B 5.00%, 7/1/2017 | 3,000,000 | 3,515,700 | ||||||
Series A 5.00%, 7/1/2038 | 3,350,000 | 3,660,277 | ||||||
5.25%, 7/1/2048 | 3,065,000 | 3,496,675 | ||||||
New York, State Dormitory Authority Revenue, State Supported Debt Series A 4.00%, 5/15/2028 | 1,455,000 | 1,574,208 | ||||||
New York, State Dormitory Authority, Personal Income Tax Revenue: | ||||||||
Series A 4.00%, 3/15/2028 | 500,000 | 555,655 | ||||||
Series E 5.00%, 8/15/2018 | 400,000 | 483,968 | ||||||
Series A 5.00%, 3/15/2020 | 1,000,000 | 1,236,380 | ||||||
Series A 5.00%, 12/15/2020 | 500,000 | 624,275 | ||||||
Series C 5.00%, 3/15/2025 | 4,550,000 | 5,489,302 | ||||||
Series B 5.25%, 2/15/2022 | 500,000 | 618,360 | ||||||
New York, State Dormitory Authority, State Income Tax Revenue: | ||||||||
Series E 4.50%, 3/15/2036 | 790,000 | 862,309 | ||||||
Series A 5.00%, 2/15/2020 | 7,850,000 | 9,697,183 | ||||||
5.00%, 7/1/2021 | 700,000 | 861,224 | ||||||
5.00%, 2/15/2029 | 750,000 | 881,220 | ||||||
New York, State Environmental Facilities Corp. Revenue Series A 5.13%, 6/15/2038 | 1,000,000 | 1,148,980 | ||||||
New York, State Environmental Facilities Corp., Clean Water & Drinking Revenue Series A 5.00%, 6/15/2022 | 500,000 | 640,425 | ||||||
New York, State General Obligation: | ||||||||
3.00%, 3/1/2017 | 4,255,000 | 4,638,886 | ||||||
4.00%, 3/1/2018 | 1,030,000 | 1,184,964 | ||||||
Series E 5.00%, 8/1/2018 | 635,000 | 763,981 | ||||||
Series A-1 5.25%, 8/15/2028 | 760,000 | 897,613 | ||||||
New York, State Housing Finance Agency, Personal Income Tax Revenue Series A 5.00%, 3/15/2039 | 2,760,000 | 3,152,058 | ||||||
New York, State Thruway Authority, Personal Income Tax Revenue: | ||||||||
5.00%, 3/15/2022 | 6,510,000 | 7,959,061 | ||||||
Series A 5.00%, 3/15/2023 | 4,185,000 | 5,178,812 | ||||||
Series A 5.00%, 3/15/2028 | 2,150,000 | 2,509,480 | ||||||
Series A 5.00%, 3/15/2029 | 2,000,000 | 2,354,400 | ||||||
New York, State Thruway Authority, Second General Highway & Bridge Trust Fund: | ||||||||
Series A 5.00%, 4/1/2021 | 500,000 | 600,745 | ||||||
Series B 5.00%, 4/1/2024 | 570,000 | 674,869 | ||||||
New York, State Urban Development Corp., Revenue: | ||||||||
Series A 4.00%, 3/15/2025 | 500,000 | 561,175 | ||||||
Series A 4.00%, 3/15/2041 | 1,470,000 | 1,540,090 | ||||||
Series A-1 5.00%, 12/15/2016 | 2,630,000 | 3,065,028 | ||||||
Series B-1 5.00%, 3/15/2036 | 1,000,000 | 1,153,840 | ||||||
238,524,849 | ||||||||
See accompanying notes to financial statements.
169
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
NORTH CAROLINA — 3.0% | ||||||||
Charlotte, NC, General Obligation Series B 5.00%, 6/1/2022 | $ | 475,000 | $ | 578,156 | ||||
Charlotte, NC, Water & Sewer System Revenue 5.00%, 7/1/2038 | 8,585,000 | 9,850,772 | ||||||
Fayetteville, NC, Public Works Commission Revenue Series A 5.00%, 3/1/2019 | 500,000 | 616,465 | ||||||
North Carolina, State Capital Improvement Revenue: | ||||||||
Series A 4.50%, 5/1/2026 | 5,240,000 | 6,105,962 | ||||||
Series A 5.00%, 5/1/2016 | 3,000,000 | 3,413,640 | ||||||
Series A 5.00%, 5/1/2017 | 2,125,000 | 2,489,799 | ||||||
Series C 5.00%, 5/1/2028 | 905,000 | 1,082,326 | ||||||
North Carolina, State General Obligation Series A 5.00%, 3/1/2018 | 2,165,000 | 2,613,826 | ||||||
North Carolina, State Grant Anticipation Revenue: | ||||||||
5.00%, 3/1/2018 | 1,455,000 | 1,740,398 | ||||||
5.00%, 3/1/2019 | 1,930,000 | 2,362,803 | ||||||
North Carolina, University of North Carolina-Chapel Hill, Revenue 5.00%, 12/1/2031 | 3,640,000 | 4,253,777 | ||||||
Wake County, NC, General Obligation Series C 5.00%, 3/1/2021 | 1,100,000 | 1,395,548 | ||||||
36,503,472 | ||||||||
OHIO — 0.8% | ||||||||
Columbus, OH, General Obligation Series A 5.00%, 9/1/2018 | 300,000 | 356,136 | ||||||
Ohio, State Common Schools, General Obligation Series C 5.00%, 9/15/2015 | 5,000,000 | 5,579,100 | ||||||
Ohio, State General Obligation Series B 5.00%, 8/1/2021 | 450,000 | 566,793 | ||||||
Ohio, University of Akron, General Receipts: | ||||||||
Series A 5.00%, 1/1/2033 (b) | 1,000,000 | 1,096,450 | ||||||
Series B 5.25%, 1/1/2023 (b) | 1,970,000 | 2,256,576 | ||||||
9,855,055 | ||||||||
OKLAHOMA — 0.3% | ||||||||
Oklahoma, State Turnpike Authority Series A 5.00%, 1/1/2023 | 2,000,000 | 2,426,300 | ||||||
Tulsa County, OK, Educational Facilities Lease Revenue 5.50%, 9/1/2016 | 635,000 | 737,387 | ||||||
3,163,687 | ||||||||
OREGON — 0.6% | ||||||||
Oregon, State Department of Transportation Revenue Series A 5.00%, 11/15/2033 | 1,500,000 | 1,718,370 | ||||||
Portland, OR, Sewer System Revenue 5.00%, 3/1/2035 | 4,550,000 | 5,275,043 | ||||||
6,993,413 | ||||||||
PENNSYLVANIA — 2.8% | ||||||||
Pennsylvania, State Economic Development Financing Authority, Unemployment Compensation Revenue Series A 5.00%, 7/1/2018 | 10,000,000 | 12,108,400 | ||||||
Pennsylvania, State General Obligation: | ||||||||
5.00%, 7/1/2015 | 5,000,000 | 5,552,500 | ||||||
5.00%, 3/15/2017 | 2,630,000 | 3,075,496 | ||||||
5.00%, 4/15/2021 | 4,000,000 | 4,919,560 | ||||||
Series A 5.00%, 5/1/2021 | 1,375,000 | 1,694,756 | ||||||
5.00%, 11/15/2022 | 500,000 | 625,420 | ||||||
5.00%, 11/15/2023 | 895,000 | 1,107,983 | ||||||
5.13%, 2/15/2023 | 500,000 | 605,175 | ||||||
Pennsylvania, State University Revenue 5.00%, 3/1/2040 | 500,000 | 556,815 | ||||||
Pennsylvania, Turnpike Commission Revenue: | ||||||||
4.50%, 12/1/2038 | 300,000 | 319,017 | ||||||
Series C 6.00%, 6/1/2023 (b) | 755,000 | 939,288 | ||||||
Philadelphia, PA, General Obligation Series A 5.00%, 8/1/2018 (b) | 1,870,000 | 2,133,408 | ||||||
33,637,818 | ||||||||
PUERTO RICO — 0.6% | ||||||||
Commonwealth of Puerto Rico 5.00%, 7/1/2016 (b) | 3,250,000 | 3,499,730 | ||||||
Puerto Rico, Sales Tax Financing Revenue: | ||||||||
Series C Zero Coupon, 8/1/2037 (c) | 12,000,000 | 3,029,760 | ||||||
Series C Zero Coupon, 8/1/2038 (c) | 5,000,000 | 1,178,900 | ||||||
7,708,390 | ||||||||
RHODE ISLAND — 0.0% (a) | ||||||||
Rhode Island, State & Providence Plantations, Consolidated Capital Development Revenue Series A 4.00%, 10/1/2018 | 475,000 | 543,747 | ||||||
SOUTH CAROLINA — 1.6% | ||||||||
Charleston, SC, General Obligation: | ||||||||
4.00%, 11/1/2028 | 1,000,000 | 1,119,780 | ||||||
5.00%, 11/1/2023 | 1,035,000 | 1,300,270 | ||||||
South Carolina, State Education Assistance Authority Series I 5.00%, 10/1/2024 | 950,000 | 1,025,801 | ||||||
South Carolina, State General Obligation Series A 2.00%, 4/1/2024 | 3,000,000 | 2,882,340 | ||||||
South Carolina, State Public Service Authority: | ||||||||
Series E 5.00%, 1/1/2017 | 2,500,000 | 2,890,350 | ||||||
Series D 5.00%, 12/1/2043 | 7,950,000 | 8,891,916 | ||||||
Series A 5.50%, 1/1/2038 | 1,130,000 | 1,318,235 | ||||||
19,428,692 | ||||||||
See accompanying notes to financial statements.
170
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
SOUTH DAKOTA — 0.0% (a) | ||||||||
Sioux Falls, SD, Sales Tax Revenue Series A 3.38%, 11/15/2032 | $ | 500,000 | $ | 503,540 | ||||
TENNESSEE — 0.8% | ||||||||
Memphis, TN, Electric System Revenue 5.00%, 12/1/2018 | 1,500,000 | 1,831,815 | ||||||
Metropolitan Government of Nashville & Davidson County, TN, General Obligation: | ||||||||
5.00%, 1/1/2019 | 500,000 | 593,925 | ||||||
5.00%, 7/1/2020 | 1,000,000 | 1,249,550 | ||||||
Metropolitan Government of Nashville & Davidson County, TN, Water & Sewer Revenue Series A 5.00%, 1/1/2016 (b) | 475,000 | 534,912 | ||||||
Nashville & Davidson County, TN, Health & Educational Facilities Board Revenue Series B 5.00%, 10/1/2039 | 1,000,000 | 1,134,260 | ||||||
Shelby County, TN, General Obligation: | ||||||||
Series A 5.00%, 4/1/2019 | 705,000 | 865,627 | ||||||
Series A 5.00%, 3/1/2022 | 1,000,000 | 1,272,920 | ||||||
Tennessee, State General Obligation Series C 5.00%, 5/1/2027 | 1,095,000 | 1,299,053 | ||||||
Tennessee, State School Bond Authority Series A 5.00%, 5/1/2027 | 500,000 | 616,485 | ||||||
9,398,547 | ||||||||
TEXAS — 7.6% | ||||||||
Austin, TX, General Obligation 5.00%, 9/1/2022 | 570,000 | 721,210 | ||||||
Austin, TX, Water & Wastewater System Revenue: | ||||||||
5.00%, 11/15/2041 | 1,500,000 | 1,715,610 | ||||||
5.00%, 11/15/2042 | 2,800,000 | 3,251,640 | ||||||
Corpus Christi, TX, Independent School District, General Obligation 5.00%, 8/15/2020 | 400,000 | 496,648 | ||||||
Crowley, TX, Independent School District, General Obligation 5.00%, 8/1/2036 | 400,000 | 458,228 | ||||||
Cypress-Fairbanks, TX, Independent School District, General Obligation 5.00%, 2/15/2025 (b) | 500,000 | 605,985 | ||||||
Dallas, TX, Civic Center Convention Complex Revenue: | ||||||||
5.00%, 8/15/2028 (b) | 700,000 | 789,663 | ||||||
5.25%, 8/15/2038 (b) | 510,000 | 571,215 | ||||||
Dallas, TX, General Obligation: | ||||||||
Series A 5.00%, 2/15/2019 | 1,375,000 | 1,679,384 | ||||||
5.00%, 2/15/2021 | 425,000 | 507,199 | ||||||
Dallas, TX, Water & Wastewater System Revenue 5.00%, 10/1/2020 | 500,000 | 628,695 | ||||||
Fort Worth, TX, General Obligation 5.00%, 3/1/2023 | 500,000 | 626,370 | ||||||
Garland, TX, General Obligation 5.00%, 2/15/2023 | 400,000 | 481,548 | ||||||
Harris County, TX, Metropolitan Transit Authority, Sales & Use Tax Revenue Series A 5.00%, 11/1/2031 | 5,395,000 | 6,354,123 | ||||||
Harris County, TX, Flood Control District Series A 5.00%, 10/1/2039 | 1,585,000 | 1,802,478 | ||||||
Harris County, TX, General Obligation: | ||||||||
Series A 4.75%, 3/1/2020 | 600,000 | 720,936 | ||||||
5.00%, 10/1/2021 | 500,000 | 619,200 | ||||||
5.00%, 10/1/2024 | 7,000,000 | 8,459,920 | ||||||
5.00%, 10/1/2025 | 400,000 | 480,888 | ||||||
Harris County, TX, Revenue Series C 5.00%, 8/15/2049 | 500,000 | 547,320 | ||||||
Harris County, TX, Road Revenue Series B 5.25%, 8/15/2047 | 3,000,000 | 3,394,260 | ||||||
Houston, TX, Airport System Revenue, Senior Lien Series A 5.50%, 7/1/2034 | 1,850,000 | 2,106,669 | ||||||
Houston, TX, General Obligation: | ||||||||
5.00%, 3/1/2018 | 210,000 | 251,893 | ||||||
Series A 5.00%, 3/1/2022 | 2,000,000 | 2,423,500 | ||||||
Series D-1 5.00%, 10/1/2029 | 500,000 | 601,900 | ||||||
Houston, TX, Utility System Revenue Series A 5.25%, 11/15/2031 (b) | 4,600,000 | 5,328,134 | ||||||
Hurst-Euless-Bedford, TX, Independent School District, General Obligation 5.00%, 8/15/2021 | 2,500,000 | 3,056,825 | ||||||
La Joya, TX, Independent School District, General Obligation 5.00%, 2/15/2034 (b) | 3,300,000 | 3,765,102 | ||||||
Leander, TX, Independent School District, General Obligation Series A Zero Coupon, 8/15/2034 (b)(c) | 10,000,000 | 4,219,000 | ||||||
Liberty Hill, TX, Independent School District 5.00%, 8/1/2035 (b) | 1,000,000 | 1,148,730 | ||||||
Midland County, TX, Fresh Water Supply District No. 1 Revenue Series A Zero Coupon, 9/15/2033 (c) | 1,530,000 | 623,704 | ||||||
North Texas, TX, Municipal Water District, Water System Revenue: | ||||||||
3.13%, 9/1/2027 | 500,000 | 508,175 | ||||||
5.00%, 9/1/2026 | 500,000 | 609,050 | ||||||
San Antonio, TX, Electric & Gas Revenue: | ||||||||
5.00%, 2/1/2023 | 2,500,000 | 3,160,400 | ||||||
5.25%, 2/1/2024 | 5,000,000 | 6,485,900 | ||||||
5.25%, 2/1/2025 | 4,000,000 | 5,223,080 | ||||||
San Antonio, TX, General Obligation: | ||||||||
5.00%, 2/1/2018 | 2,475,000 | 2,969,109 | ||||||
5.00%, 2/1/2019 | 3,000,000 | 3,679,770 |
See accompanying notes to financial statements.
171
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
San Antonio, TX, Independent School District, General Obligation 5.00%, 8/15/2025 (b) | $ | 2,000,000 | $ | 2,412,360 | ||||
Texas, A&M Permanent University Fund Revenue Series A 5.00%, 7/1/2025 | 935,000 | 1,230,366 | ||||||
Texas, State General Obligation 4.75%, 4/1/2037 | 1,940,000 | 2,160,190 | ||||||
Texas, State Public Finance Authority: | ||||||||
Series A 5.00%, 1/1/2017 | 1,100,000 | 1,236,653 | ||||||
Series B 5.00%, 1/1/2018 | 500,000 | 554,985 | ||||||
Series B 5.00%, 7/1/2018 | 1,480,000 | 1,642,756 | ||||||
University of Texas, Revenue: | ||||||||
Series A 4.00%, 8/15/2021 | 500,000 | 594,425 | ||||||
Series B 5.00%, 8/15/2017 | 500,000 | 593,935 | ||||||
Williamson, TX, General Obligation 5.00%, 2/15/2032 | 625,000 | 719,950 | ||||||
92,219,081 | ||||||||
UTAH — 0.6% | ||||||||
Central Utah, Water Conservancy District, General Obligation Series A 5.00%, 4/1/2028 | 550,000 | 654,522 | ||||||
Utah, State General Obligation: | ||||||||
Series C 5.00%, 7/1/2016 | 500,000 | 575,530 | ||||||
Series A 5.00%, 7/1/2022 | 930,000 | 1,178,440 | ||||||
Utah, Transport Authority Sales Tax Revenue: | ||||||||
Series A 5.00%, 6/15/2028 | 410,000 | 473,407 | ||||||
Series A 5.00%, 6/15/2036 (b) | 3,850,000 | 4,417,528 | ||||||
7,299,427 | ||||||||
VIRGINIA — 2.5% | ||||||||
Fairfax County, VA, General Obligation: | ||||||||
Series A 3.00%, 4/1/2026 | 3,180,000 | 3,291,046 | ||||||
Series B 5.00%, 4/1/2024 | 900,000 | 1,166,382 | ||||||
Series A 5.00%, 4/1/2030 | 450,000 | 545,998 | ||||||
Montgomery County, VA, Industrial Development Authority Revenue 5.00%, 2/1/2024 | 445,000 | 498,609 | ||||||
Virginia, College Building Authority, Educational Facilities Revenue: | ||||||||
Series A 5.00%, 2/1/2021 | 400,000 | 480,996 | ||||||
5.00%, 9/1/2022 | 5,945,000 | 7,137,686 | ||||||
5.00%, 2/1/2027 | 3,620,000 | 4,357,177 | ||||||
Virginia, State Public Building Authority, Public Facilities Revenue: | ||||||||
Series B 5.00%, 8/1/2017 | 3,030,000 | 3,573,643 | ||||||
Series A 5.00%, 8/1/2025 | 500,000 | 611,040 | ||||||
Series B 5.25%, 8/1/2027 | 2,000,000 | 2,377,260 | ||||||
Virginia, State Public School Authority Revenue Series B-1 5.00%, 8/1/2017 | 1,000,000 | 1,181,880 | ||||||
Virginia, State Public School Authority, Revenue Series C 5.00%, 8/1/2017 | 215,000 | 254,104 | ||||||
Virginia, State Resources Authority, Revenue Series B 5.00%, 11/1/2028 | 3,540,000 | 4,170,120 | ||||||
Virginia, State Transportation Board Revenue 5.00%, 5/15/2014 | 500,000 | 531,745 | ||||||
�� | ||||||||
30,177,686 | ||||||||
WASHINGTON — 5.6% | ||||||||
Central Puget Sound, WA, Regional Transit Authority, Sales & Use Tax Revenue: | ||||||||
Series S-1 5.00%, 11/1/2026 | 500,000 | 613,655 | ||||||
Series A 5.00%, 11/1/2032 (b) | 3,000,000 | 3,391,260 | ||||||
Series A 5.00%, 11/1/2036 | 2,000,000 | 2,233,580 | ||||||
Energy Northwest, WA, Electricity Revenue: | ||||||||
Series A 5.00%, 7/1/2014 | 1,000,000 | 1,069,900 | ||||||
Series A 5.00%, 7/1/2017 | 4,195,000 | 4,936,298 | ||||||
King County, WA, General Obligation 5.00%, 12/1/2020 | 500,000 | 633,875 | ||||||
Snohomish County, WA, School District No. 15 5.00%, 12/1/2018 | 2,250,000 | 2,741,985 | ||||||
Snohomish County, WA, School District No. 201 5.25%, 12/1/2024 | 2,825,000 | 3,389,944 | ||||||
Washington, State General Obligation: | ||||||||
Series D 4.00%, 2/1/2030 | 1,000,000 | 1,103,150 | ||||||
Series D 4.00%, 2/1/2037 | 12,500,000 | 13,201,250 | ||||||
Series R 5.00%, 7/1/2016 | 10,000,000 | 11,473,200 | ||||||
Series A 5.00%, 7/1/2023 | 900,000 | 1,045,683 | ||||||
Series R-2012C 5.00%, 7/1/2025 | 5,000,000 | 6,169,250 | ||||||
Series D 5.00%, 1/1/2027 | 6,945,000 | 8,062,659 | ||||||
Series C 5.00%, 6/1/2041 | 7,200,000 | 8,159,976 | ||||||
68,225,665 | ||||||||
WISCONSIN — 1.2% | ||||||||
Milwaukee, WI, General Obligation, Promissory Notes Series N1 5.00%, 2/1/2019 | 11,020,000 | 13,329,682 | ||||||
Wisconsin, State General Obligation 4.00%, 11/1/2016 | 1,300,000 | 1,457,963 | ||||||
14,787,645 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $1,133,221,251) | 1,206,096,741 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 1.3% | ||||||||
MONEY MARKET FUND — 1.3% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (e)(f)(g) (Cost $15,641,428) | 15,641,428 | 15,641,428 | ||||||
TOTAL INVESTMENTS — 100.4% (h) | ||||||||
(Cost $1,148,862,679) | 1,221,738,169 | |||||||
OTHER ASSETS & LIABILITIES — (0.4)% | (5,037,515 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,216,700,654 | ||||||
See accompanying notes to financial statements.
172
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
(a) | Amount shown represents less than 0.05% of net assets. | |||||
(b) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Assured Guaranty Municipal Corp. | 2.33 | % | ||||
Assured Guaranty Corp. | 1.58 | % | ||||
Permanent School Fund Guaranteed | 1.00 | % | ||||
(c) | Non-income producing security. | |||||
(d) | When-issued security. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(h) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
Escrow to Maturity = Bonds bearing this description are collateralized usually by U.S. Treasury securities which are held in escrow and used to pay principal and interest on bonds so designated.
See accompanying notes to financial statements.
173
SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 100.8% | ||||||||
CALIFORNIA — 100.1% | ||||||||
Alameda County, CA, Joint Powers Authority, Lease Revenue 5.00%, 12/1/2034 (a) | $ | 1,760,000 | $ | 1,925,387 | ||||
California, Bay Area Toll Authority Revenue: | ||||||||
3.00%, 4/1/2027 | 500,000 | 502,800 | ||||||
5.00%, 4/1/2024 | 250,000 | 306,368 | ||||||
5.00%, 4/1/2026 | 1,000,000 | 1,207,870 | ||||||
5.13%, 4/1/2039 | 125,000 | 141,074 | ||||||
California, East Bay Municipal Utility District, Water System Revenue: | ||||||||
Series B 5.00%, 6/1/2020 | 1,000,000 | 1,260,500 | ||||||
Series B 5.00%, 6/1/2023 | 1,000,000 | 1,293,680 | ||||||
California, State Department of Water Resources: | ||||||||
Series M 4.00%, 5/1/2016 | 500,000 | 553,785 | ||||||
Series M 4.00%, 5/1/2019 | 2,000,000 | 2,329,480 | ||||||
Series H 4.38%, 5/1/2022 (a) | 1,150,000 | 1,319,855 | ||||||
Series L 5.00%, 5/1/2016 | 200,000 | 228,072 | ||||||
Series L 5.00%, 5/1/2019 | 1,540,000 | 1,886,977 | ||||||
Series AJ 5.00%, 12/1/2021 | 400,000 | 509,444 | ||||||
Series AE 5.00%, 12/1/2022 | 1,000,000 | 1,196,660 | ||||||
Series AF 5.00%, 12/1/2026 | 660,000 | 776,932 | ||||||
California, State Department of Water Resources Revenue: | ||||||||
Series M 5.00%, 5/1/2016 | 1,525,000 | 1,739,049 | ||||||
Series L 5.00%, 5/1/2017 | 500,000 | 586,530 | ||||||
California, State Public Works Board, Lease Revenue 5.00%, 4/1/2034 | 340,000 | 374,160 | ||||||
California, State University Revenue Series A 5.00%, 11/1/2033 (a) | 1,500,000 | 1,719,660 | ||||||
Contra Costa County, CA, Transportation Authority Series B 5.00%, 3/1/2025 | 1,000,000 | 1,196,920 | ||||||
Eastern Municipal Water District, CA, Water & Sewer Revenue: | ||||||||
Series H 5.00%, 7/1/2033 | 160,000 | 185,659 | ||||||
Series H 5.00%, 7/1/2035 | 1,000,000 | 1,155,850 | ||||||
El Dorado, CA, Irrigation District, Certificates of Participation: | ||||||||
Series A 5.75%, 8/1/2039 (a) | 500,000 | 535,955 | ||||||
Series A 6.25%, 8/1/2029 (a) | 1,200,000 | 1,302,144 | ||||||
Grossmont, CA, Union High School District, Election of 2004 5.00%, 8/1/2033 | 1,780,000 | 2,069,535 | ||||||
Long Beach, CA, Community College District, General Obligation Series B 5.00%, 8/1/2039 | 1,000,000 | 1,146,530 | ||||||
Long Beach, CA, Unified School District, General Obligation 5.00%, 8/1/2029 | 1,000,000 | 1,189,180 | ||||||
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue: | ||||||||
5.00%, 6/1/2020 | 1,900,000 | 2,381,232 | ||||||
5.00%, 7/1/2026 | 2,450,000 | 2,870,959 | ||||||
Los Angeles, CA, Community College District, General Obligation Series F-1 5.00%, 8/1/2026 | 100,000 | 117,248 | ||||||
Los Angeles, CA, Department of Airports Revenue: | ||||||||
Series A 5.00%, 5/15/2021 | 1,000,000 | 1,201,570 | ||||||
Series B 5.00%, 5/15/2035 | 2,000,000 | 2,327,920 | ||||||
Series D 5.00%, 5/15/2040 | 1,000,000 | 1,123,500 | ||||||
Series C 5.25%, 5/15/2038 | 145,000 | 160,593 | ||||||
Los Angeles, CA, Department of Water & Power: | ||||||||
Series A 5.00%, 7/1/2041 | 1,500,000 | 1,699,230 | ||||||
Series B 5.00%, 7/1/2043 | 2,000,000 | 2,303,280 | ||||||
Los Angeles, CA, Department of Water & Power Revenue Series C 5.00%, 1/1/2016 | 2,000,000 | 2,237,180 | ||||||
Los Angeles, CA, General Obligation Series A 5.00%, 9/1/2019 | 500,000 | 619,065 | ||||||
Los Angeles, CA, Harbor Department Revenue: | ||||||||
Series A 5.00%, 8/1/2029 | 1,515,000 | 1,772,323 | ||||||
Series C 5.25%, 8/1/2023 | 700,000 | 855,911 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
Series A-1 4.00%, 7/1/2016 | 250,000 | 276,673 | ||||||
Series KY 5.00%, 7/1/2015 | 2,325,000 | 2,571,520 | ||||||
Series KRY 5.00%, 7/1/2018 | 935,000 | 1,121,626 | ||||||
Series F 5.00%, 1/1/2034 | 1,000,000 | 1,129,760 | ||||||
Series D 5.25%, 7/1/2025 | 1,500,000 | 1,765,425 | ||||||
Los Angeles, CA, Wastewater System Revenue: | ||||||||
Series B 5.00%, 6/1/2030 | 1,000,000 | 1,190,860 | ||||||
5.00%, 6/1/2039 | 500,000 | 563,480 | ||||||
Los Angeles, CA, Water Utility, General Obligation Series A 4.00%, 9/1/2018 | 1,000,000 | 1,159,250 | ||||||
Los Rios, CA, Community College District Election of 2008 Series A 5.00%, 8/1/2035 | 340,000 | 387,988 | ||||||
Marin, CA, Water District Financing Authority Series A 5.00%, 7/1/2044 | 1,000,000 | 1,148,100 | ||||||
Metropolitan Water District of Southern California: | ||||||||
Series C 4.00%, 10/1/2017 | 250,000 | 287,400 | ||||||
Series C 5.00%, 10/1/2027 | 1,500,000 | 2,030,805 | ||||||
Series A 5.00%, 1/1/2031 | 850,000 | 983,433 | ||||||
Newport Mesa, CA, Unified School District Election of 2005 Zero Coupon, 8/1/2041 (b) | 4,000,000 | 740,480 | ||||||
Oakland, CA, Joint Powers Financing Authority Lease Revenue Series B 5.00%, 8/1/2022 (a) | 800,000 | 905,240 | ||||||
Ohlone, CA, Community College District 5.00%, 8/1/2028 | 500,000 | 599,720 | ||||||
Pasadena, CA, Unified School District, General Obligation 5.00%, 5/1/2034 | 1,000,000 | 1,176,720 |
See accompanying notes to financial statements.
174
SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Poway, CA, Unified School District, General Obligation Zero Coupon, 8/1/2046 (b) | $ | 3,000,000 | $ | 577,140 | ||||
Riverside, CA, Electric Revenue Series D 5.00%, 10/1/2027 (a) | 835,000 | 952,693 | ||||||
Sacramento, CA, Municipal Utility District, Electric Revenue: | ||||||||
Series U 5.00%, 8/15/2022 (a) | 550,000 | 643,247 | ||||||
Series U 5.00%, 8/15/2023 (a) | 1,000,000 | 1,163,730 | ||||||
San Diego County, CA, Regional Transportation Commission Revenue Series A 5.00%, 4/1/2042 | 1,000,000 | 1,149,020 | ||||||
San Diego County, CA, Water Authority Revenue, Certificates of Participation: | ||||||||
Series 2008-A 5.00%, 5/1/2015 (a) | 200,000 | 219,308 | ||||||
Series 2008-A 5.00%, 5/1/2018 (a) | 200,000 | 237,382 | ||||||
San Diego, CA, Community College District: | ||||||||
5.00%, 8/1/2028 | 500,000 | 613,010 | ||||||
5.00%, 8/1/2041 | 1,000,000 | 1,151,020 | ||||||
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue: | ||||||||
Series B 5.00%, 5/15/2021 | 1,000,000 | 1,204,920 | ||||||
Series A 5.25%, 5/15/2039 | 500,000 | 565,955 | ||||||
San Diego, CA, Public Facilities Financing Authority, Water Revenue: | ||||||||
Series A 5.00%, 8/1/2024 | 1,000,000 | 1,224,850 | ||||||
Series A 5.00%, 8/1/2028 | 330,000 | 401,112 | ||||||
San Francisco, CA, Bay Area Rapid Transit District 5.00%, 7/1/2032 | 1,000,000 | 1,193,290 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue: | ||||||||
Series A 4.25%, 11/1/2031 | 535,000 | 586,060 | ||||||
Series A 5.00%, 11/1/2032 | 1,110,000 | 1,306,381 | ||||||
Series A 5.00%, 11/1/2041 | 1,000,000 | 1,144,010 | ||||||
San Francisco, CA, City & County Unified School District 4.00%, 6/15/2023 | 2,000,000 | 2,331,140 | ||||||
San Francisco, CA, City & County Unified School District Election of 2006 Series B 5.25%, 6/15/2022 | 800,000 | 985,352 | ||||||
San Francisco, CA, City & County, Earthquake Safety & Emergency, General Obligation 4.00%, 6/15/2028 | 500,000 | 544,285 | ||||||
San Joaquin County, CA, Transportation Authority, Sales Tax Revenue: | ||||||||
Series A 5.00%, 3/1/2027 | 1,000,000 | 1,184,250 | ||||||
5.25%, 3/1/2031 | 1,000,000 | 1,175,950 | ||||||
Series A 5.50%, 3/1/2041 | 300,000 | 354,144 | ||||||
San Juan, CA, Public Power Agency Project Revenue Series L 5.00%, 7/1/2022 (a) | 100,000 | 115,698 | ||||||
San Marcos, CA, Unified School District Election of 2010 Series A 5.00%, 8/1/2038 | 1,000,000 | 1,122,860 | ||||||
San Ramon Valley, CA, Unified School District 5.00%, 8/1/2028 | 1,000,000 | 1,197,570 | ||||||
Southern California Public Power Authority: | ||||||||
5.00%, 7/1/2022 | 1,000,000 | 1,212,410 | ||||||
5.00%, 7/1/2030 | 1,500,000 | 1,741,410 | ||||||
Sweetwater, CA, Union High School District Election of 2006 Series A 5.00%, 8/1/2038 (a) | 565,000 | 609,652 | ||||||
University of California, Revenue: | ||||||||
Series E 4.00%, 5/15/2019 | 2,010,000 | 2,349,790 | ||||||
5.00%, 5/15/2037 | 1,875,000 | 2,157,619 | ||||||
Series Q 5.25%, 5/15/2023 | 1,000,000 | 1,181,160 | ||||||
University of Southern California, Educational Facilities Authority Revenue Series A 5.00%, 10/1/2039 | 500,000 | 577,445 | ||||||
Yosemite, CA, Community College District, General Obligation Zero Coupon, 8/1/2042 (b) | 500,000 | 204,280 | ||||||
99,726,690 | ||||||||
PUERTO RICO — 0.7% | ||||||||
Puerto Rico, Sales Tax Financing Revenue: | ||||||||
Series C Zero Coupon, 8/1/2037 (b) | 2,000,000 | 504,960 | ||||||
Series C Zero Coupon, 8/1/2038 (b) | 1,000,000 | 235,780 | ||||||
740,740 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $93,958,557) | 100,467,430 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.5% | ||||||||
MONEY MARKET FUND — 0.5% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (c)(d)(e) (Cost $505,467) | 505,467 | 505,467 | ||||||
TOTAL INVESTMENTS — 101.3% (f) | ||||||||
(Cost $94,464,024) | 100,972,897 | |||||||
OTHER ASSETS & LIABILITIES — (1.3)% | (1,328,550 | ) | ||||||
NET ASSETS — 100.0% | $ | 99,644,347 | ||||||
See accompanying notes to financial statements.
175
SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
(a) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Assured Guaranty Municipal Corp. | 8.94 | % | ||||
Assured Guaranty Corp. | 2.75 | % | ||||
(b) | Non-income producing security. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
176
SPDR Nuveen Barclays New York Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 99.8% | ||||||||
NEW YORK — 98.6% | ||||||||
Albany County, NY, Airport Authority Revenue Series A 4.00%, 12/15/2024 (a) | $ | 300,000 | $ | 319,473 | ||||
Erie County, NY, Industrial Development Agency Revenue Series A 5.75%, 5/1/2024 (a) | 500,000 | 587,965 | ||||||
Nassau County, NY, General Obligation: | ||||||||
Series C 5.00%, 7/1/2015 (a) | 500,000 | 549,095 | ||||||
Series C 5.13%, 10/1/2035 (a) | 100,000 | 109,993 | ||||||
Nassau County, NY, Interim Finance Authority Revenue: | ||||||||
Series A 3.00%, 11/15/2014 | 400,000 | 419,520 | ||||||
Series A 5.00%, 11/15/2014 | 100,000 | 108,592 | ||||||
Nassau County, NY, Sewer & Storm Water Finance Authority System, Revenue Series A 5.38%, 11/1/2028 | 400,000 | 471,700 | ||||||
New York & New Jersey, Port Authority Revenue: | ||||||||
4.00%, 12/1/2022 | 300,000 | 350,379 | ||||||
5.00%, 7/15/2022 | 100,000 | 118,626 | ||||||
5.00%, 12/1/2025 | 250,000 | 309,497 | ||||||
5.00%, 7/15/2039 | 500,000 | 564,795 | ||||||
New York City, NY, Cultural Resource Revenue, Museum of Modern Art Series A-1 5.00%, 4/1/2031 | 300,000 | 345,591 | ||||||
New York, NY, City Transitional Finance Authority Revenue: | ||||||||
Series D 3.20%, 11/1/2018 | 140,000 | 156,458 | ||||||
Series E 5.00%, 11/1/2017 | 500,000 | 596,055 | ||||||
Series B 5.00%, 11/1/2018 | 200,000 | 243,764 | ||||||
Series S-5 5.00%, 1/15/2026 | 200,000 | 235,542 | ||||||
Series S-1A 5.25%, 7/15/2037 | 500,000 | 583,295 | ||||||
Series S-4 5.50%, 1/15/2033 | 500,000 | 581,960 | ||||||
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue: | ||||||||
5.00%, 11/1/2015 | 55,000 | 61,967 | ||||||
5.00%, 11/1/2015 | 145,000 | 163,061 | ||||||
Series A 5.00%, 11/1/2018 | 35,000 | 42,992 | ||||||
Series A 5.00%, 11/1/2018 | 65,000 | 79,264 | ||||||
5.00%, 11/1/2020 | 500,000 | 629,160 | ||||||
New York, NY, General Obligation: | ||||||||
Series A 3.00%, 8/1/2017 | 200,000 | 217,282 | ||||||
Series E 4.00%, 8/1/2022 | 250,000 | 288,390 | ||||||
Series C 5.00%, 8/1/2017 | 825,000 | 969,779 | ||||||
Series E 5.00%, 8/1/2021 | 300,000 | 366,741 | ||||||
Series C 5.00%, 8/1/2024 | 950,000 | 1,139,002 | ||||||
Series E 5.00%, 8/1/2025 | 775,000 | 928,124 | ||||||
Series A-1 5.00%, 8/1/2035 | 250,000 | 286,535 | ||||||
New York, NY, Liberty Development Corp. Revenue: | ||||||||
5.13%, 1/15/2044 | 500,000 | 555,510 | ||||||
5.25%, 12/15/2043 | 500,000 | 577,510 | ||||||
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund Revenue Series A 5.00%, 11/15/2031 | 700,000 | 837,242 | ||||||
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue 5.00%, 12/1/2016 | 1,000,000 | 1,157,940 | ||||||
New York, NY, Municipal Water Finance Authority Revenue: | ||||||||
Series EE 4.00%, 6/15/2045 | 255,000 | 265,386 | ||||||
Series HH 5.00%, 6/15/2032 | 1,000,000 | 1,169,380 | ||||||
Series GG-2 5.00%, 6/15/2035 | 100,000 | 114,479 | ||||||
Series AA 5.00%, 6/15/2044 | 500,000 | 562,600 | ||||||
Series DD 5.25%, 6/15/2024 | 200,000 | 237,590 | ||||||
Series EE 5.38%, 6/15/2043 | 370,000 | 436,304 | ||||||
Series A 5.63%, 6/15/2024 | 130,000 | 158,861 | ||||||
New York, NY, Triborough Bridge & Tunnel Authority Revenue Series A 5.00%, 1/1/2023 | 500,000 | 615,485 | ||||||
New York, State Bridge Authority General Obligation 4.00%, 1/1/2027 | 500,000 | 552,425 | ||||||
New York, State Dormitory Authority Revenue: | ||||||||
4.00%, 1/15/2022 | 500,000 | 547,400 | ||||||
Series C 5.00%, 10/1/2031 (a) | 600,000 | 670,008 | ||||||
New York, State Dormitory Authority Revenue, Columbia University 5.00%, 7/1/2038 | 250,000 | 283,258 | ||||||
New York, State Dormitory Authority Revenue, Cornell University: | ||||||||
Series A 5.00%, 7/1/2034 | 355,000 | 409,485 | ||||||
Series A 5.00%, 7/1/2039 | 300,000 | 344,490 | ||||||
New York, State Dormitory Authority Revenue, Fordham University: | ||||||||
5.00%, 10/1/2019 (a) | 125,000 | 143,633 | ||||||
Series B 5.00%, 7/1/2033 (a) | 500,000 | 548,690 | ||||||
New York, State Dormitory Authority Revenue, New York University Series A 5.00%, 7/1/2029 | 240,000 | 278,623 | ||||||
New York, State Dormitory Authority Revenue, Non State Supported Debt Series E 5.00%, 1/1/2019 | 250,000 | 297,278 | ||||||
New York, State Dormitory Authority, State Personal Income Tax Revenue: | ||||||||
Series B 5.00%, 2/15/2018 | 125,000 | 149,451 | ||||||
Series B 5.00%, 3/15/2028 | 260,000 | 306,238 | ||||||
New York, State Environmental Facilities Corp. Revenue: | ||||||||
Series A 5.00%, 6/15/2018 | 250,000 | 302,738 | ||||||
5.00%, 6/15/2036 | 500,000 | 581,415 | ||||||
5.00%, 6/15/2041 | 250,000 | 287,463 | ||||||
Series A 5.25%, 12/15/2026 | 200,000 | 239,122 | ||||||
New York, State Housing Finance Agency, Personal Income Tax Revenue Series A 5.00%, 3/15/2039 | 550,000 | 628,127 | ||||||
New York, State Local Government Assistance Corp. Revenue: | ||||||||
Series C 5.00%, 4/1/2018 | 200,000 | 241,320 | ||||||
Series A 5.00%, 4/1/2020 | 435,000 | 521,417 |
See accompanying notes to financial statements.
177
SPDR Nuveen Barclays New York Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
New York, State Municipal Bond Bank Agency Series C-1 5.00%, 2/15/2016 (a) | $ | 200,000 | $ | 225,254 | ||||
New York, State Power Authority Revenue Series C 5.00%, 11/15/2020 (a) | 250,000 | 296,833 | ||||||
New York, State Thruway Authority, General Revenue Series B 5.00%, 4/1/2027 | 300,000 | 340,077 | ||||||
New York, State Thruway Authority, Personal Income Tax Revenue 5.00%, 3/15/2021 | 450,000 | 562,779 | ||||||
New York, State Thruway Authority, Second General Highway & Bridge Trust: | ||||||||
Series A-1 5.00%, 4/1/2021 | 300,000 | 372,180 | ||||||
Series B 5.00%, 4/1/2029 | 300,000 | 342,153 | ||||||
New York, State Urban Development Corp. Revenue: | ||||||||
Series A 4.00%, 3/15/2024 | 500,000 | 563,955 | ||||||
Series A 5.00%, 3/15/2016 | 250,000 | 284,098 | ||||||
5.00%, 12/15/2017 | 200,000 | 238,306 | ||||||
New York, State Urban Development Corp., Revenue Series A 4.00%, 3/15/2025 | 500,000 | 561,175 | ||||||
New York, Triborough Bridge & Tunnel Authority Revenue 5.00%, 11/15/2033 | 250,000 | 283,063 | ||||||
State of New York, General Obligation Series C 4.50%, 2/1/2020 | 200,000 | 241,024 | ||||||
Suffolk County, NY, Water Authority 5.00%, 6/1/2021 | 500,000 | 627,425 | ||||||
30,783,787 | ||||||||
PUERTO RICO — 1.2% | ||||||||
Puerto Rico, Sales Tax Financing Revenue: | ||||||||
Series C Zero Coupon, 8/1/2037 (b) | 1,000,000 | 252,481 | ||||||
Series C Zero Coupon, 8/1/2038 (b) | 500,000 | 117,890 | ||||||
370,371 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $29,150,405) | 31,154,158 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.0% (c) | ||||||||
MONEY MARKET FUND — 0.0% (c) | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (d)(e)(f) (Cost $7,748) | 7,748 | 7,748 | ||||||
TOTAL INVESTMENTS — 99.8% (g) | ||||||||
(Cost $29,158,153) | 31,161,906 | |||||||
OTHER ASSETS & LIABILITIES — 0.2% | 61,676 | |||||||
NET ASSETS — 100.0% | $ | 31,223,582 | ||||||
(a) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Assured Guaranty Municipal Corp. | 5.12 | % | ||||
Assured Guaranty Corp. | 4.98 | % | ||||
National Public Finance Guarantee Corp. | 0.95 | % | ||||
(b) | Non-income producing security. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(g) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
178
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 98.8% | ||||||||
ALABAMA — 0.7% | ||||||||
Alabama, Federal Aid Highway Finance Authority 4.00%, 3/1/2016 | $ | 5,000,000 | $ | 5,483,200 | ||||
Alabama, Public School & College Authority Revenue: | ||||||||
5.00%, 5/1/2014 | 850,000 | 901,612 | ||||||
Series A 5.00%, 5/1/2014 | 1,500,000 | 1,591,080 | ||||||
Series A 5.00%, 5/1/2016 | 1,450,000 | 1,649,926 | ||||||
Series A 5.00%, 3/1/2017 | 1,000,000 | 1,158,970 | ||||||
10,784,788 | ||||||||
ALASKA — 0.1% | ||||||||
Alaska, State Municipal Bond Bank Authority Revenue 5.00%, 9/1/2016 | 1,000,000 | 1,151,110 | ||||||
ARIZONA — 0.9% | ||||||||
Arizona, Phoenix Civic Improvement Corp., Water System Revenue Series A 5.00%, 7/1/2017 | 1,775,000 | 2,088,660 | ||||||
Arizona, Salt River Project, Electrical Systems Revenue Series A 3.00%, 1/1/2014 | 1,070,000 | 1,098,590 | ||||||
Arizona, State Certificates of Participation 5.00%, 10/1/2014 (a) | 10,375,000 | 11,170,348 | ||||||
14,357,598 | ||||||||
ARKANSAS — 1.1% | ||||||||
Arkansas, State Highway Grant Anticipation & Tax Revenue 4.00%, 8/1/2014 | 17,000,000 | 17,979,200 | ||||||
CALIFORNIA — 10.6% | ||||||||
California, State Department of Water Resources Revenue: | ||||||||
Series L 4.00%, 5/1/2015 | 7,630,000 | 8,244,673 | ||||||
Series M 4.00%, 5/1/2015 | 6,000,000 | 6,483,360 | ||||||
Series L 5.00%, 5/1/2014 | 5,075,000 | 5,384,575 | ||||||
Series M 5.00%, 5/1/2014 | 550,000 | 583,550 | ||||||
Series L 5.00%, 5/1/2015 | 6,000,000 | 6,621,840 | ||||||
Series M 5.00%, 5/1/2016 | 6,925,000 | 7,896,993 | ||||||
Series L 5.00%, 5/1/2017 | 1,510,000 | 1,771,321 | ||||||
California, State Public Works Board, Lease Revenue Series F 5.00%, 10/1/2016 | 4,505,000 | 5,193,814 | ||||||
Contra Costa, CA, Water District Revenue 3.00%, 10/1/2015 | 11,750,000 | 12,485,785 | ||||||
Contra Costa, CA, Transportation Authority Sales Tax Revenue Series B 5.00%, 3/1/2018 | 2,290,000 | 2,750,656 | ||||||
East Bay, CA, Municipal Utility District, Water System Revenue Series B 5.00%, 6/1/2017 | 10,000,000 | 11,834,700 | ||||||
Los Angeles, CA, Department of Water & Power Revenue Series C 5.00%, 1/1/2016 | 4,000,000 | 4,474,360 | ||||||
Los Angeles, CA, General Obligation: | ||||||||
Series A 2.50%, 9/1/2014 | 8,825,000 | 9,138,464 | ||||||
Series A 5.00%, 9/1/2016 | 10,000,000 | 11,546,400 | ||||||
Series A 5.00%, 9/1/2017 | 13,230,000 | 15,685,620 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
Series A-1 4.00%, 7/1/2016 | 2,500,000 | 2,766,725 | ||||||
Series I 5.00%, 7/1/2014 | 2,000,000 | 2,138,860 | ||||||
5.00%, 7/1/2017 | 1,000,000 | 1,171,900 | ||||||
Northern California Power Agency Revenue, Hydroelectric No-1 Series C 5.00%, 7/1/2014 (a) | 1,500,000 | 1,597,395 | ||||||
San Diego, CA, County Water Authority Revenue 5.00%, 7/1/2016 | 10,000,000 | 11,453,000 | ||||||
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue: | ||||||||
5.00%, 5/15/2014 | 750,000 | 797,407 | ||||||
5.00%, 5/15/2015 | 2,165,000 | 2,387,713 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue Series D 5.00%, 11/1/2015 | 5,360,000 | 6,019,602 | ||||||
San Francisco, CA, City & County, Certificates of Participation: | ||||||||
Series B 4.00%, 9/1/2015 | 5,000,000 | 5,395,200 | ||||||
Series B 5.00%, 9/1/2016 | 5,260,000 | 5,971,205 | ||||||
San Francisco, CA, City & County, General Obligation Series A 5.00%, 6/15/2014 | 10,075,000 | 10,734,006 | ||||||
San Francisco, CA, Unified School District, General Obliagtion 5.00%, 6/15/2017 | 8,170,000 | 9,580,224 | ||||||
Southern California, State Public Power Authority Revenue 5.00%, 7/1/2016 | 725,000 | 827,486 | ||||||
170,936,834 | ||||||||
COLORADO — 1.3% | ||||||||
Colorado, State Department of Transportation Revenue 5.00%, 12/15/2016 | 10,000,000 | 11,616,000 | ||||||
Colorado, State Higher Education Capital Construction Lease Program, Certificates of Participation 5.00%, 11/1/2016 | 2,085,000 | 2,370,249 | ||||||
Denver, CO, City & County General Obligation 5.50%, 8/1/2016 | 1,900,000 | 2,219,219 | ||||||
Denver, CO, City & County School District No. 1, General Obligation Series B 4.00%, 12/1/2017 | 3,600,000 | 4,112,316 | ||||||
20,317,784 | ||||||||
CONNECTICUT — 4.0% | ||||||||
Connecticut, State General Obligation: | ||||||||
Series D 3.00%, 11/1/2016 | 3,500,000 | 3,789,485 | ||||||
Series A 5.00%, 1/1/2014 | 1,000,000 | 1,046,910 | ||||||
Series D 5.00%, 1/1/2014 | 450,000 | 471,110 |
See accompanying notes to financial statements.
179
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series F 5.00%, 12/1/2014 | $ | 13,750,000 | $ | 14,962,200 | ||||
Series A 5.00%, 1/1/2015 | 12,750,000 | 13,880,287 | ||||||
Series D 5.00%, 12/1/2016 | 500,000 | 580,435 | ||||||
Series A 5.00%, 4/1/2017 | 950,000 | 1,110,864 | ||||||
Connecticut, State Health & Educational Facility Authority Revenue Series A-4 5.00%, 7/1/2049 (b) | 5,000,000 | 5,458,500 | ||||||
Connecticut, State Special Tax Obligation Revenue: | ||||||||
Series B 3.00%, 12/1/2013 | 300,000 | 307,536 | ||||||
Series A 5.00%, 12/1/2014 | 3,750,000 | 4,080,600 | ||||||
5.00%, 11/1/2015 | 500,000 | 558,540 | ||||||
Series 1 5.00%, 2/1/2016 | 3,100,000 | 3,485,609 | ||||||
Series A 5.00%, 11/1/2016 | 2,650,000 | 3,048,931 | ||||||
Series B 5.00%, 1/1/2018 | 9,650,000 | 11,426,661 | ||||||
University of Connecticut, Revenue Series A 3.00%, 2/15/2014 | 415,000 | 427,450 | ||||||
64,635,118 | ||||||||
DELAWARE — 1.4% | ||||||||
Delaware, State General Obligation: | ||||||||
Series 2009C 2.00%, 10/1/2014 | 225,000 | 231,439 | ||||||
Series A 5.00%, 7/1/2015 | 4,000,000 | 4,453,600 | ||||||
Delaware, State Transportation Authority System Revenue 5.00%, 7/1/2017 | 15,500,000 | 18,239,005 | ||||||
22,924,044 | ||||||||
DISTRICT OF COLUMBIA — 0.2% | ||||||||
District of Columbia, Income Tax Revenue: | ||||||||
Series A 5.00%, 12/1/2016 | 2,000,000 | 2,327,600 | ||||||
Series D 5.00%, 12/1/2016 | 1,000,000 | 1,163,800 | ||||||
3,491,400 | ||||||||
FLORIDA — 4.2% | ||||||||
Florida, State Board of Education, General Obligation: | ||||||||
Series B 5.00%, 6/1/2014 | 500,000 | 532,120 | ||||||
Series C 5.00%, 6/1/2014 | 9,585,000 | 10,200,740 | ||||||
Series D 5.00%, 6/1/2017 | 8,210,000 | 9,611,119 | ||||||
Florida, State General Obligation Series B 5.00%, 7/1/2014 | 8,070,000 | 8,620,293 | ||||||
Florida, State Hurricane Catastrophe Fund Revenue: | ||||||||
Series A 5.00%, 7/1/2014 | 2,000,000 | 2,128,620 | ||||||
Series A 5.00%, 7/1/2016 | 5,690,000 | 6,456,500 | ||||||
Jacksonville, FL, Special Tax Revenue: | ||||||||
5.00%, 10/1/2014 | 9,120,000 | 9,840,662 | ||||||
Series B 5.00%, 10/1/2015 | 7,705,000 | 8,618,736 | ||||||
Lakeland, FL, Energy Systems Revenue 5.00%, 10/1/2015 (a) | 7,510,000 | 8,326,788 | ||||||
Miami-Dade County, FL, Water & Sewer Revenue: | ||||||||
4.00%, 10/1/2013 | 150,000 | 154,199 | ||||||
Series B 5.00%, 10/1/2014 (a) | 3,250,000 | 3,506,815 | ||||||
67,996,592 | ||||||||
GEORGIA — 3.7% | ||||||||
Fulton County, GA, Water & Sewer Revenue 5.00%, 1/1/2017 | 2,430,000 | 2,796,031 | ||||||
Georgia, State General Obligation: | ||||||||
Series A 3.00%, 1/1/2014 | 200,000 | 205,524 | ||||||
Series B 4.00%, 1/1/2015 | 1,000,000 | 1,071,970 | ||||||
Series E-2 4.00%, 9/1/2016 | 4,400,000 | 4,937,108 | ||||||
Series C 5.00%, 7/1/2014 | 5,000,000 | 5,350,250 | ||||||
Series G 5.00%, 11/1/2014 | 6,535,000 | 7,092,305 | ||||||
5.00%, 12/1/2014 | 500,000 | 544,580 | ||||||
Series D 5.00%, 5/1/2015 | 600,000 | 663,660 | ||||||
Series E 5.00%, 7/1/2016 | 2,990,000 | 3,442,776 | ||||||
Series I 5.00%, 11/1/2016 | 7,480,000 | 8,713,377 | ||||||
Series F 5.00%, 12/1/2016 | 4,790,000 | 5,594,816 | ||||||
Series A 5.00%, 7/1/2017 | 5,000,000 | 5,929,550 | ||||||
Georgia, State Road & Tollway Authority Revenue: | ||||||||
Series A 5.00%, 3/1/2014 | 500,000 | 527,510 | ||||||
Series A 5.00%, 3/1/2016 | 4,590,000 | 5,211,578 | ||||||
Series A 5.00%, 6/1/2016 | 2,000,000 | 2,270,280 | ||||||
Series A 5.00%, 6/1/2017 | 1,040,000 | 1,210,154 | ||||||
Gwinnett Country, GA, Water & Sewer Authority Revenue 5.00%, 8/1/2016 | 4,000,000 | 4,616,960 | ||||||
60,178,429 | ||||||||
HAWAII — 1.0% | ||||||||
Hawaii, State General Obligation: | ||||||||
2.25%, 11/1/2013 | 250,000 | 254,160 | ||||||
Series DT 4.00%, 11/1/2014 | 2,000,000 | 2,129,260 | ||||||
Series DK 5.00%, 5/1/2014 | 1,000,000 | 1,060,720 | ||||||
Series DY 5.00%, 2/1/2015 | 1,000,000 | 1,092,770 | ||||||
Series EA 5.00%, 12/1/2016 | 1,965,000 | 2,280,284 | ||||||
Honolulu, HI, City & County General Obligation: | ||||||||
Series A 2.75%, 4/1/2014 | 1,750,000 | 1,801,538 | ||||||
Series B 5.25%, 7/1/2014 (a) | 3,875,000 | 4,154,232 | ||||||
5.25%, 7/1/2016 (a) | 2,250,000 | 2,595,780 | ||||||
15,368,744 | ||||||||
ILLINOIS — 1.8% | ||||||||
Chicago, IL, Water Revenue 5.00%, 11/1/2014 (a) | 1,500,000 | 1,618,170 | ||||||
Cook County, IL, General Obligation Series A 5.00%, 11/15/2016 | 1,755,000 | 1,993,925 | ||||||
Illinois, State Sales Tax Revenue: | ||||||||
Series B 3.00%, 6/15/2014 | 1,675,000 | 1,733,089 | ||||||
3.00%, 6/15/2016 | 2,000,000 | 2,138,020 | ||||||
5.00%, 6/15/2015 | 2,575,000 | 2,837,882 | ||||||
Illinois, State Unemployment Insurance Fund, Building Receipts Revenue Series B 5.00%, 6/15/2017 | 10,000,000 | 11,552,700 | ||||||
Illinois, University of Chicago, Educational Facilities Authority Revenue Series B 1.88%, 7/1/2036 (b) | 5,000,000 | 5,106,700 |
See accompanying notes to financial statements.
180
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
University of Illinois, Certificates of Participation Sereis B 5.00%, 10/1/2015 (a) | $ | 2,420,000 | $ | 2,678,335 | ||||
29,658,821 | ||||||||
INDIANA — 0.7% | ||||||||
Indiana, State Finance Authority Revenue Series A 5.00%, 2/1/2015 | 1,250,000 | 1,365,962 | ||||||
Indiana, State Finance Authority, Lease Revenue: | ||||||||
Series A-1 5.00%, 11/1/2014 | 5,000,000 | 5,390,100 | ||||||
Series A-1 5.00%, 11/1/2016 | 2,665,000 | 3,057,528 | ||||||
Purdue University, Revenue Series Z-1 5.00%, 7/1/2014 | 500,000 | 534,095 | ||||||
10,347,685 | ||||||||
IOWA — 0.3% | ||||||||
Iowa, State Finance Authority Revenue 5.00%, 8/1/2016 | 1,000,000 | 1,148,870 | ||||||
Iowa, State General Obligation Series A 5.00%, 6/1/2017 | 2,585,000 | 3,065,448 | ||||||
4,214,318 | ||||||||
KENTUCKY — 0.9% | ||||||||
Kentucky, State Infrastructure Authority Revenue: | ||||||||
Series A 5.00%, 2/1/2016 | 1,700,000 | 1,930,350 | ||||||
Series A 5.00%, 2/1/2017 | 2,145,000 | 2,516,793 | ||||||
Kentucky, State Property & Buildings Commission Revenue: | ||||||||
5.00%, 8/1/2014 | 225,000 | 239,906 | ||||||
Series A 5.00%, 11/1/2014 | 1,000,000 | 1,079,540 | ||||||
Series A 5.00%, 8/1/2016 | 4,690,000 | 5,354,292 | ||||||
Kentucky, State Turnpike Authority Revenue: | ||||||||
Series A 4.00%, 7/1/2017 | 1,150,000 | 1,295,763 | ||||||
5.00%, 7/1/2016 | 1,865,000 | 2,132,105 | ||||||
14,548,749 | ||||||||
LOUISIANA — 0.3% | ||||||||
Louisiana, State General Obligation Series A 5.00%, 5/1/2014 | 5,000,000 | 5,307,050 | ||||||
MARYLAND — 4.7% | ||||||||
Anne Arundel County, MD, General Obligation 5.00%, 4/1/2016 | 1,000,000 | 1,139,300 | ||||||
Baltimore County, MD, General Obligation 5.00%, 2/1/2016 | 2,000,000 | 2,264,440 | ||||||
Maryland, State Department of Transportation Revenue 5.00%, 2/15/2015 | 1,100,000 | 1,203,708 | ||||||
Maryland, State Department of Transportation, Revenue 5.00%, 5/1/2016 | 2,000,000 | 2,282,860 | ||||||
Maryland, State General Obligation: | ||||||||
Series C 5.00%, 3/1/2016 | 2,240,000 | 2,551,674 | ||||||
Series B 5.00%, 8/1/2016 | 4,875,000 | 5,632,526 | ||||||
Series E 5.00%, 8/1/2016 | 14,500,000 | 16,753,155 | ||||||
Series C 5.00%, 11/1/2016 | 1,025,000 | 1,194,433 | ||||||
Series B 5.25%, 8/15/2014 | 200,000 | 215,756 | ||||||
Maryland, State Transportation Authority, Grant & Revenue Anticipation 5.25%, 3/1/2015 | 1,025,000 | 1,125,655 | ||||||
Montgomery County, MD, General Obligation: | ||||||||
Series A 5.00%, 7/1/2015 | 525,000 | 583,427 | ||||||
Series A 5.00%, 8/1/2015 | 16,250,000 | 18,114,037 | ||||||
Series A 5.00%, 7/1/2016 | 3,835,000 | 4,405,686 | ||||||
Series A 5.00%, 7/1/2016 | 5,000,000 | 5,697,550 | ||||||
Prince George’s County, MD, General Obligation Series B 5.00%, 9/15/2014 | 500,000 | 539,305 | ||||||
Washington, MD, Suburban Sanitation District, General Obligation: | ||||||||
4.00%, 6/1/2016 | 2,700,000 | 2,999,565 | ||||||
5.00%, 6/1/2017 | 7,150,000 | 8,454,947 | ||||||
75,158,024 | ||||||||
MASSACHUSETTS — 3.7% | ||||||||
Boston, MA, General Obligation Series A 5.00%, 4/1/2016 | 7,115,000 | 8,116,009 | ||||||
Boston, MA, Water & Sewer Commission, Water Revenue Series B 5.00%, 11/1/2014 | 4,545,000 | 4,923,008 | ||||||
Massachusetts Bay Transportation Authority, Sales Tax Revenue: | ||||||||
Series A 5.00%, 7/1/2015 | 1,000,000 | 1,113,670 | ||||||
Series B 5.00%, 7/1/2017 | 940,000 | 1,107,922 | ||||||
Massachusetts, State General Obligation: | ||||||||
Series C 4.00%, 12/1/2015 | 2,915,000 | 3,196,764 | ||||||
Series A 5.00%, 9/1/2014 | 1,500,000 | 1,613,670 | ||||||
Series C 5.00%, 1/1/2015 | 1,000,000 | 1,087,820 | ||||||
Series B 5.00%, 7/1/2016 | 1,000,000 | 1,144,710 | ||||||
Series A 5.00%, 8/1/2016 | 3,290,000 | 3,777,282 | ||||||
Series B 5.00%, 8/1/2016 | 10,000,000 | 11,481,100 | ||||||
Series A 5.00%, 3/1/2017 | 1,305,000 | 1,521,721 | ||||||
Massachusetts, State School Building Authority, Sales Tax Revenue: | ||||||||
Series A 5.00%, 8/15/2013 (a) | 160,000 | 164,709 | ||||||
Series B 5.00%, 8/15/2017 | 5,000,000 | 5,931,850 | ||||||
Massachusetts, State Special Obligation Revenue Series A 5.00%, 6/15/2015 | 2,100,000 | 2,329,572 | ||||||
Massachusetts, State Transportation Fund Revenue 5.00%, 6/1/2017 | 9,840,000 | 11,593,783 | ||||||
Massachusetts, State Water Pollution Abatement Trust 5.00%, 8/1/2016 | 1,000,000 | 1,153,470 | ||||||
60,257,060 | ||||||||
MICHIGAN — 2.6% | ||||||||
Michigan, State Finance Authority Revenue Series A 5.00%, 7/1/2017 | 10,000,000 | 11,800,900 |
See accompanying notes to financial statements.
181
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Michigan, State General Obligation 5.00%, 11/1/2017 | $ | 20,415,000 | $ | 24,241,383 | ||||
University of Michigan, Revenue Series C 3.00%, 4/1/2014 | 5,920,000 | 6,114,176 | ||||||
42,156,459 | ||||||||
MINNESOTA — 2.3% | ||||||||
Minnesota, State General Obligation: | ||||||||
Series F 4.00%, 8/1/2015 | 600,000 | 654,144 | ||||||
Series F 4.00%, 8/1/2016 | 1,475,000 | 1,649,876 | ||||||
Series A 5.00%, 6/1/2014 | 1,675,000 | 1,784,813 | ||||||
Series D 5.00%, 8/1/2014 | 2,825,000 | 3,032,524 | ||||||
Series A 5.00%, 6/1/2015 | 1,685,000 | 1,868,008 | ||||||
Series D 5.00%, 8/1/2015 | 7,675,000 | 8,563,842 | ||||||
Series A 5.00%, 10/1/2015 | 645,000 | 724,309 | ||||||
Series A 5.00%, 8/1/2016 | 400,000 | 461,540 | ||||||
Series D 5.00%, 8/1/2016 | 1,000,000 | 1,153,850 | ||||||
Series E 5.00%, 8/1/2016 | 1,550,000 | 1,788,468 | ||||||
Series A 5.00%, 10/1/2016 | 5,000,000 | 5,800,650 | ||||||
Series A 5.00%, 6/1/2017 | 1,000,000 | 1,182,040 | ||||||
Northern Municipal Power Agency, Electric System Revenue Series A 5.00%, 1/1/2014 (a) | 1,000,000 | 1,043,950 | ||||||
University of Minnesota, Revenue Series A 5.00%, 12/1/2015 | 7,000,000 | 7,910,490 | ||||||
37,618,504 | ||||||||
MISSOURI — 0.7% | ||||||||
Missouri, State Highways & Transportation Commission, State Road Revenue: | ||||||||
Series A 5.00%, 5/1/2014 | 7,350,000 | 7,799,379 | ||||||
Series A 5.00%, 5/1/2017 | 2,990,000 | 3,515,792 | ||||||
11,315,171 | ||||||||
NEBRASKA — 0.1% | ||||||||
Omaha, NE, Public Power District Electric Revenue Series A 5.00%, 2/1/2016 | 2,000,000 | 2,268,360 | ||||||
NEVADA — 0.4% | ||||||||
Clark County, NV, Highway Improvement Revenue 5.00%, 7/1/2016 | 2,685,000 | 3,034,829 | ||||||
Clark County, NV, Sales and Excise Tax Revenue Series B 3.00%, 7/1/2015 | 2,985,000 | 3,120,250 | ||||||
Las Vegas Valley, NV, Water District General Obligation Series A 5.00%, 2/1/2013 | 275,000 | 275,971 | ||||||
6,431,050 | ||||||||
NEW HAMPSHIRE — 0.1% | ||||||||
New Hampshire, State Municipal Bond Bank Series A 5.00%, 8/15/2017 | 1,265,000 | 1,487,589 | ||||||
NEW JERSEY — 1.4% | ||||||||
New Jersey, State General Obligation: | ||||||||
5.00%, 8/1/2014 | 13,000,000 | 13,940,030 | ||||||
Series A 5.00%, 6/15/2015 | 220,000 | 240,436 | ||||||
5.00%, 8/1/2015 | 2,445,000 | 2,720,796 | ||||||
Series Q 5.00%, 8/15/2016 | 4,850,000 | 5,577,888 | ||||||
New Jersey, State Higher Education Assistance Authority, Student Loan Revenue Series A 5.00%, 12/1/2014 | 250,000 | 270,137 | ||||||
22,749,287 | ||||||||
NEW MEXICO — 1.5% | ||||||||
Albuquerque, NM, Municipal School District No. 12 Series A 3.00%, 8/1/2015 | 8,250,000 | 8,766,037 | ||||||
New Mexico, State Finance Authority Transportation Revenue: | ||||||||
Series A-1 5.00%, 12/15/2013 | 500,000 | 522,650 | ||||||
5.00%, 6/15/2017 | 2,000,000 | 2,355,720 | ||||||
New Mexico, State General Obligation 5.00%, 3/1/2017 | 2,500,000 | 2,936,425 | ||||||
New Mexico, State Severance Tax Revenue: | ||||||||
Series B 5.00%, 7/1/2014 | 8,230,000 | 8,793,755 | ||||||
Series A-2 5.00%, 7/1/2015 | 1,000,000 | 1,109,970 | ||||||
24,484,557 | ||||||||
NEW YORK — 16.4% | ||||||||
City of New York, NY: | ||||||||
Series B 4.00%, 8/1/2015 | 1,000,000 | 1,085,670 | ||||||
Series E 4.00%, 8/1/2015 | 450,000 | 488,552 | ||||||
Series A-1 5.00%, 8/1/2014 | 100,000 | 107,050 | ||||||
Series B 5.00%, 8/1/2014 | 115,000 | 123,108 | ||||||
5.00%, 6/1/2015 | 6,110,000 | 6,747,151 | ||||||
5.00%, 8/1/2015 | 3,000,000 | 3,333,510 | ||||||
Series B 5.00%, 8/1/2015 | 7,500,000 | 8,333,775 | ||||||
Series E 5.00%, 8/1/2015 | 3,250,000 | 3,611,302 | ||||||
Series I-1 5.00%, 8/1/2015 | 6,300,000 | 7,000,371 | ||||||
Series B 5.00%, 8/1/2016 | 5,000,000 | 5,734,800 | ||||||
Series F 5.00%, 8/1/2016 | 1,455,000 | 1,668,827 | ||||||
Series A-1 5.00%, 8/15/2016 | 2,470,000 | 2,836,894 | ||||||
Series H-1 5.00%, 3/1/2017 | 3,910,000 | 4,545,414 | ||||||
Series E 5.00%, 8/1/2017 | 2,950,000 | 3,467,695 | ||||||
Series E 5.00%, 8/1/2017 | 2,050,000 | 2,409,754 | ||||||
Series G 5.00%, 8/1/2017 | 2,320,000 | 2,727,137 | ||||||
Nassau County, NY, Interim Finance Authority Revenue Series A 5.00%, 11/15/2017 | 2,000,000 | 2,387,260 | ||||||
New York, Metropolitan Transportation Authority Revenue Series A 5.00%, 11/15/2015 | 6,525,000 | 7,329,010 | ||||||
New York, NY, City Transitional Finance Authority Revenue: | ||||||||
5.00%, 11/1/2014 | 4,605,000 | 4,992,419 | ||||||
Series B 5.00%, 11/1/2014 | 6,450,000 | 6,992,638 | ||||||
Series C 5.00%, 11/1/2015 | 9,865,000 | 11,093,784 | ||||||
Series E 5.00%, 11/1/2015 | 5,000,000 | 5,622,800 | ||||||
Series A 5.00%, 11/1/2016 | 1,500,000 | 1,741,155 | ||||||
Series E 5.00%, 11/1/2017 | 500,000 | 596,055 | ||||||
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue: | ||||||||
Series B 5.00%, 11/1/2014 | 285,000 | 309,359 | ||||||
5.00%, 11/1/2015 | 1,625,000 | 1,830,839 |
See accompanying notes to financial statements.
182
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.00%, 11/1/2015 | $ | 4,180,000 | $ | 4,700,661 | ||||
Series C 5.00%, 11/1/2016 | 925,000 | 1,073,712 | ||||||
Series B 5.00%, 11/1/2017 | 15,000,000 | 17,881,650 | ||||||
New York, NY, General Obligation: | ||||||||
Series C 4.00%, 8/1/2014 | 4,000,000 | 4,219,360 | ||||||
Series C 5.00%, 8/1/2017 | 425,000 | 499,583 | ||||||
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue 5.00%, 12/1/2016 | 2,375,000 | 2,750,107 | ||||||
New York, State Dormitory Authority: | ||||||||
4.00%, 5/15/2015 | 950,000 | 1,024,527 | ||||||
5.00%, 3/15/2013 | 210,000 | 212,008 | ||||||
5.00%, 2/15/2014 | 1,000,000 | 1,052,450 | ||||||
5.00%, 3/15/2014 | 320,000 | 338,000 | ||||||
Series E 5.00%, 2/15/2015 | 250,000 | 273,680 | ||||||
Series A 5.00%, 2/15/2016 | 5,025,000 | 5,694,380 | ||||||
Series A 5.00%, 4/1/2016 | 3,190,000 | 3,618,959 | ||||||
5.00%, 6/15/2016 | 1,300,000 | 1,490,060 | ||||||
Series A 5.00%, 12/15/2016 | 1,265,000 | 1,474,244 | ||||||
New York, State Dormitory Authority, State Personal Income Tax Revenue: | ||||||||
Series D 5.00%, 2/15/2014 | 2,000,000 | 2,102,600 | ||||||
Series C 5.00%, 3/15/2017 | 370,000 | 431,509 | ||||||
New York, State Environmental Facilities Revenue: | ||||||||
4.00%, 8/15/2015 | 1,400,000 | 1,529,766 | ||||||
Series A 5.00%, 6/15/2015 | 825,000 | 916,682 | ||||||
5.00%, 6/15/2016 | 3,690,000 | 4,236,304 | ||||||
Series A 5.00%, 8/15/2016 | 1,595,000 | 1,845,511 | ||||||
Series A 5.00%, 12/15/2016 | 765,000 | 891,539 | ||||||
Series A 5.00%, 6/15/2017 | 8,000,000 | 9,438,160 | ||||||
New York, State General Obligation: | ||||||||
Series C 3.00%, 2/1/2014 | 15,000,000 | 15,435,900 | ||||||
Series A 3.00%, 3/1/2015 | 13,245,000 | 13,975,462 | ||||||
Series I 5.00%, 8/1/2017 | 4,025,000 | 4,731,347 | ||||||
Series A-1 5.00%, 10/1/2017 | 5,175,000 | 6,112,762 | ||||||
New York, State Local Government Assistance Corp. Revenue Series A 5.00%, 4/1/2015 | 3,200,000 | 3,528,160 | ||||||
New York, State Thruway Authority Personal Income Tax Revenue: | ||||||||
Series A 5.00%, 3/15/2017 | 3,490,000 | 4,070,178 | ||||||
Series A 5.00%, 3/15/2017 | 2,950,000 | 3,440,408 | ||||||
New York, State Urban Development Corp. Revenue: | ||||||||
Series A 5.00%, 3/15/2014 | 655,000 | 692,165 | ||||||
Series A-1 5.00%, 1/1/2015 | 7,390,000 | 8,048,227 | ||||||
Series A-2 5.00%, 1/1/2015 | 2,610,000 | 2,842,473 | ||||||
Series C 5.00%, 12/15/2015 | 390,000 | 440,665 | ||||||
Series B 5.00%, 1/1/2016 | 10,000,000 | 11,261,300 | ||||||
Series D 5.00%, 1/1/2016 | 2,075,000 | 2,336,720 | ||||||
Series A 5.00%, 3/15/2016 | 11,100,000 | 12,613,929 | ||||||
Series D 5.25%, 1/1/2017 | 2,340,000 | 2,736,209 | ||||||
New York, Triborough Bridge & Tunnel Authority Revenue: | ||||||||
Series A 4.00%, 11/15/2017 | 2,300,000 | 2,624,415 | ||||||
Series B 5.00%, 11/15/2017 | 3,350,000 | 3,981,073 | ||||||
Suffolk County, NY, General Obligation Series C 4.00%, 10/15/2013 | 500,000 | 513,495 | ||||||
Westchester County, NY, General Obligation 5.00%, 11/1/2016 | 600,000 | 701,418 | ||||||
264,898,087 | ||||||||
NORTH CAROLINA — 3.4% | ||||||||
Charlotte, NC, Certificates of Participation 5.00%, 6/1/2014 | 5,455,000 | 5,803,847 | ||||||
Charlotte, NC, General Obligation 5.00%, 8/1/2015 | 550,000 | 613,695 | ||||||
Guilford County, NC, General Obligation Series A 5.00%, 3/1/2017 | 9,220,000 | 10,796,436 | ||||||
Mecklenburg County, NC, General Obligation Series C 5.00%, 12/1/2016 | 4,000,000 | 4,658,600 | ||||||
Mecklenburg County, NC, Public Facilities Corp. 5.00%, 3/1/2017 | 4,400,000 | 5,148,396 | ||||||
North Carolina, State Annual Appropriation Series A 5.00%, 5/1/2016 | 1,190,000 | 1,354,077 | ||||||
North Carolina, State Capital Improvement Obligation Series A 4.50%, 5/1/2014 | 1,745,000 | 1,840,643 | ||||||
North Carolina, State Capital Improvement Revenue Series A 5.00%, 5/1/2016 | 6,000,000 | 6,827,280 | ||||||
North Carolina, State General Obligation: | ||||||||
Series B 5.00%, 6/1/2015 | 1,125,000 | 1,248,334 | ||||||
Series A 5.00%, 3/1/2016 | 5,500,000 | 6,268,955 | ||||||
Series A 5.00%, 5/1/2016 | 4,745,000 | 5,399,241 | ||||||
North Carolina, State Grant & Revenue Anticipation 4.00%, 3/1/2016 | 1,030,000 | 1,133,597 | ||||||
Wake County, NC, General Obligation: | ||||||||
Series D 4.00%, 2/1/2016 | 705,000 | 777,693 | ||||||
5.00%, 3/1/2016 | 3,100,000 | 3,523,987 | ||||||
55,394,781 | ||||||||
OHIO — 2.9% | ||||||||
Ohio, State Building Authority Revenue: | ||||||||
Series C 4.00%, 10/1/2015 | 3,145,000 | 3,423,616 | ||||||
Series C 4.00%, 10/1/2016 | 3,000,000 | 3,334,350 | ||||||
Series B 5.00%, 10/1/2017 | 2,150,000 | 2,530,872 | ||||||
Ohio, State General Obligation: | ||||||||
Series C 5.00%, 9/15/2015 | 10,000,000 | 11,158,200 | ||||||
5.00%, 7/1/2016 | 3,225,000 | 3,706,138 | ||||||
Series A 5.00%, 9/15/2016 | 1,000,000 | 1,151,510 | ||||||
Series B 5.00%, 9/15/2016 | 1,080,000 | 1,243,631 | ||||||
Series C 5.00%, 9/15/2016 | 2,000,000 | 2,303,020 |
See accompanying notes to financial statements.
183
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Ohio, State Infrastructure Project Revenue: | ||||||||
5.00%, 6/15/2015 | $ | 475,000 | $ | 524,106 | ||||
Series 3 5.00%, 12/15/2016 | 12,930,000 | 14,921,349 | ||||||
Series 2008-1 6.00%, 6/15/2017 | 1,445,000 | 1,741,008 | ||||||
Ohio, State Water Development Authority Revenue 5.00%, 12/1/2015 | 715,000 | 807,113 | ||||||
46,844,913 | ||||||||
OKLAHOMA — 0.5% | ||||||||
Oklahoma, Capital Improvement Authority, State Highway Capital Improvement Revenue Series A 4.00%, 7/1/2017 | 1,010,000 | 1,140,866 | ||||||
Oklahoma, Grand River Dam Authority Revenue Series A 4.00%, 6/1/2016 | 880,000 | 971,669 | ||||||
Oklahoma, State Turnpike Authority Series A 5.00%, 1/1/2017 | 5,000,000 | 5,795,600 | ||||||
7,908,135 | ||||||||
OREGON — 0.9% | ||||||||
Oregon, State Department of Transportation, Highway User Tax Revenue Series A 5.00%, 11/15/2017 | 1,405,000 | 1,674,086 | ||||||
Oregon, State General Obligation Series J 5.00%, 5/1/2016 | 1,000,000 | 1,142,850 | ||||||
Portland, OR, Sewer System Revenue Series A 5.00%, 3/1/2015 | 8,690,000 | 9,512,595 | ||||||
Salem-Keizer, OR, School District No. 24J, General Obligation Series A 4.00%, 6/15/2015 | 1,250,000 | 1,353,088 | ||||||
13,682,619 | ||||||||
PENNSYLVANIA — 4.1% | ||||||||
Pennsylvania, Intergovernmental Cooperative Authority, Special Tax Revenue: | ||||||||
5.00%, 6/15/2014 | 2,000,000 | 2,131,120 | ||||||
5.00%, 6/15/2015 | 5,000,000 | 5,523,300 | ||||||
Pennsylvania, State Economic Development Financing Authority, Unemployment Compensation Revenue Series A 4.00%, 1/1/2017 | 5,220,000 | 5,861,799 | ||||||
Pennsylvania, State General Obligation: | ||||||||
5.00%, 3/15/2014 | 8,920,000 | 9,415,060 | ||||||
Series A 5.00%, 2/15/2015 | 1,000,000 | 1,094,950 | ||||||
5.00%, 7/1/2016 | 1,700,000 | 1,948,540 | ||||||
Series A 5.00%, 5/1/2017 | 2,000,000 | 2,346,120 | ||||||
5.00%, 7/1/2017 | 4,000,000 | 4,714,560 | ||||||
5.00%, 7/1/2017 | 21,000,000 | 24,751,440 | ||||||
Pennsylvania, State Higher Educational Facilities Authority Revenue 5.00%, 6/15/2015 | 7,110,000 | 7,845,032 | ||||||
65,631,921 | ||||||||
RHODE ISLAND — 0.3% | ||||||||
Rhode Island, State & Providence Plantations, Consolidated Capital Development, General Obligation Series A 5.00%, 10/1/2014 | 4,995,000 | 5,390,654 | ||||||
SOUTH CAROLINA — 1.8% | ||||||||
South Carolina, State General Obligation: | ||||||||
Series A 4.00%, 6/1/2015 | 15,000,000 | 16,277,850 | ||||||
5.00%, 3/1/2015 | 1,050,000 | 1,153,446 | ||||||
5.00%, 3/1/2016 | 5,000,000 | 5,690,600 | ||||||
South Carolina, State Public Service Authority Revenue: | ||||||||
Series E 5.00%, 1/1/2014 | 1,200,000 | 1,254,828 | ||||||
Series B 5.00%, 12/1/2016 | 3,500,000 | 4,041,100 | ||||||
28,417,824 | ||||||||
TENNESSEE — 1.9% | ||||||||
Memphis, TN, Electric System Revenue: | ||||||||
5.00%, 12/1/2014 | 3,500,000 | 3,809,260 | ||||||
5.00%, 12/1/2017 | 1,200,000 | 1,428,072 | ||||||
Murfreesboro, TN, General Obligation 5.00%, 6/1/2014 | 1,605,000 | 1,710,465 | ||||||
Nashville & Davidson County, Health & Educational Facilities Board Revenue 5.00%, 10/1/2014 | 1,000,000 | 1,080,850 | ||||||
Sevierville, TN, Public Building Authority Revenue 5.00%, 6/1/2014 | 1,000,000 | 1,064,530 | ||||||
Shelby County, TN, General Obligation Series A 5.00%, 4/1/2017 | 5,360,000 | 6,257,854 | ||||||
Tennessee, Metropolitan Government of Nashville & Davidson County 5.00%, 7/1/2016 | 2,800,000 | 3,206,224 | ||||||
Tennessee, Metropolitan Government of Nashville & Davidson County, General Obligation Series D 5.00%, 7/1/2017 | 5,700,000 | 6,707,247 | ||||||
Tennessee, State General Obligation Series A 4.00%, 5/1/2013 | 150,000 | 151,866 | ||||||
Tennessee, State School Bond Authority: | ||||||||
3.00%, 5/1/2014 | 1,950,000 | 2,019,303 | ||||||
4.00%, 5/1/2015 | 2,000,000 | 2,162,080 | ||||||
5.00%, 5/1/2013 (a) | 60,000 | 60,939 | ||||||
Series C 5.00%, 5/1/2017 | 1,050,000 | 1,220,068 | ||||||
30,878,758 | ||||||||
TEXAS — 6.2% | ||||||||
Austin, TX, Electric Utility System Revenue 4.00%, 11/15/2017 | 1,000,000 | 1,144,120 | ||||||
Dallas County, TX, Community College District, General Obligation 5.00%, 2/15/2014 | 1,340,000 | 1,410,283 | ||||||
Dallas, TX, General Obligation 5.00%, 2/15/2017 | 4,190,000 | 4,871,168 |
See accompanying notes to financial statements.
184
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Dallas, TX, Independent School District, General Obligation: | ||||||||
4.00%, 2/15/2016 (a) | $ | 2,000,000 | $ | 2,210,760 | ||||
5.00%, 8/15/2017 (a) | 4,000,000 | 4,753,480 | ||||||
Frisco, TX, Refunding Improvement, General Obligation 5.00%, 2/15/2016 | 4,000,000 | 4,539,480 | ||||||
Houston, TX, General Obligation: | ||||||||
Series A 4.00%, 3/1/2017 | 4,000,000 | 4,510,200 | ||||||
Series A 5.00%, 3/1/2016 | 5,000,000 | 5,673,750 | ||||||
Series A 5.00%, 3/1/2017 | 530,000 | 619,199 | ||||||
Series A 5.00%, 3/1/2017 | 1,035,000 | 1,209,191 | ||||||
Houston, TX, Utilities System Revenue: | ||||||||
Series C 5.00%, 11/15/2015 | 4,685,000 | 5,269,407 | ||||||
Series E 5.00%, 11/15/2016 | 13,775,000 | 15,960,404 | ||||||
Lamar, TX, Consolidated Independent School District, General Obligation 5.00%, 2/15/2013 (a) | 180,000 | 180,994 | ||||||
Northside, TX, Tollway Authority Revenue Series A 5.00%, 9/1/2016 | 1,100,000 | 1,250,854 | ||||||
San Antonio, TX, Electric and Gas: | ||||||||
Series A 5.00%, 2/1/2014 | 200,000 | 210,148 | ||||||
Series D 5.00%, 2/1/2017 | 2,755,000 | 3,216,793 | ||||||
Texas A&M, State University Revenue: | ||||||||
Series D 4.00%, 5/15/2016 | 750,000 | 832,665 | ||||||
Series B 5.00%, 5/15/2016 | 1,000,000 | 1,143,420 | ||||||
Texas Tech, State University Revenue: | ||||||||
Series A 3.00%, 8/15/2016 | 1,000,000 | 1,080,810 | ||||||
5.00%, 2/15/2017 | 2,695,000 | 3,140,241 | ||||||
Texas, State General Obligation: | ||||||||
5.00%, 10/1/2015 | 3,495,000 | 3,926,772 | ||||||
Series A 5.00%, 10/1/2015 | 8,000,000 | 8,988,320 | ||||||
5.00%, 10/1/2016 | 4,000,000 | 4,635,680 | ||||||
Series A 5.00%, 10/1/2016 | 2,110,000 | 2,445,321 | ||||||
5.00%, 4/1/2017 | 1,125,000 | 1,321,144 | ||||||
Series A 5.00%, 10/1/2017 | 1,550,000 | 1,846,716 | ||||||
Series B 5.00%, 10/1/2017 | 3,535,000 | 4,211,705 | ||||||
Texas, State Public Finance Authority: | ||||||||
Series A 5.00%, 1/1/2017 | 1,100,000 | 1,236,653 | ||||||
Series A 5.00%, 7/1/2017 | 2,855,000 | 3,209,677 | ||||||
Texas, State University Revenue: | ||||||||
5.00%, 3/15/2015 | 500,000 | 548,755 | ||||||
5.00%, 3/15/2016 | 1,000,000 | 1,137,410 | ||||||
University of Texas, Revenue Series A 5.00%, 8/15/2015 | 3,100,000 | 3,463,506 | ||||||
100,199,026 | ||||||||
UTAH — 0.9% | ||||||||
Utah, State General Obligation: | ||||||||
Series A 4.00%, 7/1/2017 | 380,000 | 433,542 | ||||||
Series A 5.00%, 7/1/2015 | 6,900,000 | 7,680,666 | ||||||
Series C 5.00%, 7/1/2015 | 800,000 | 890,512 | ||||||
Series A 5.00%, 7/1/2016 | 5,050,000 | 5,812,853 | ||||||
14,817,573 | ||||||||
VIRGINIA — 1.9% | ||||||||
Richmond, VA, General Obligation Series C 5.00%, 7/15/2016 | 2,000,000 | 2,288,820 | ||||||
Virginia, State College Building Authority, Educational Facilities Revenue 5.00%, 2/1/2017 | 1,000,000 | 1,162,370 | ||||||
Virginia, State Public Building Authority, Building Revenue: | ||||||||
Series B 5.00%, 8/1/2014 | 1,500,000 | 1,607,970 | ||||||
Series B 5.00%, 8/1/2016 | 5,600,000 | 6,429,416 | ||||||
Virginia, State Transportation Board Revenue: | ||||||||
Series A 5.00%, 9/15/2015 | 500,000 | 558,625 | ||||||
5.00%, 5/15/2016 | 16,170,000 | 18,454,336 | ||||||
30,501,537 | ||||||||
WASHINGTON — 4.3% | ||||||||
Central Puget Sound, WA, Regional Transit Authority Series P-1 5.00%, 2/1/2017 | 4,500,000 | 5,222,835 | ||||||
Energy Northwest Washington, Electricity Revenue: | ||||||||
Series A 4.00%, 7/1/2014 | 1,375,000 | 1,450,666 | ||||||
Series D 5.00%, 7/1/2014 | 850,000 | 909,415 | ||||||
5.00%, 7/1/2015 | 500,000 | 554,985 | ||||||
Series A 5.00%, 7/1/2017 | 4,500,000 | 5,295,195 | ||||||
Series A 5.25%, 7/1/2016 | 1,960,000 | 2,261,213 | ||||||
Energy Northwest, WA, Electricity Revenue Series A 5.00%, 7/1/2014 | 1,485,000 | 1,588,801 | ||||||
King County, WA, School District No. 1 Series B 5.00%, 1/1/2016 | 4,500,000 | 5,064,750 | ||||||
Seattle, WA, Municipal Light & Power Revenue Series B 5.00%, 2/1/2015 | 7,540,000 | 8,236,244 | ||||||
Seattle, WA, Water System Revenue 5.00%, 9/1/2017 | 845,000 | 1,000,995 | ||||||
Snohomish County, WA, Public Utility Revenue 5.00%, 12/1/2016 | 425,000 | 492,125 | ||||||
Snohomish County, WA, School District No. 15 4.00%, 12/1/2017 | 2,400,000 | 2,747,736 | ||||||
Washington, State General Obligation: | ||||||||
Series R 5.00%, 1/1/2015 | 10,500,000 | 11,437,440 | ||||||
Series A 5.00%, 8/1/2015 | 4,110,000 | 4,576,978 | ||||||
5.00%, 7/1/2016 | 1,240,000 | 1,422,677 | ||||||
5.00%, 7/1/2017 | 15,000,000 | 17,643,450 | ||||||
69,905,505 | ||||||||
WISCONSIN — 2.6% | ||||||||
Milwaukee, WI, General Obligation: | ||||||||
5.00%, 2/1/2015 | 8,825,000 | 9,624,457 | ||||||
Series N3 5.00%, 5/15/2016 | 2,590,000 | 2,952,160 | ||||||
Series N2 5.00%, 5/1/2017 | 10,000,000 | 11,661,100 | ||||||
Wisconsin, State General Obligation: | ||||||||
4.00%, 11/1/2016 | 1,950,000 | 2,186,945 | ||||||
Series A 5.00%, 5/1/2015 | 3,380,000 | 3,730,303 |
See accompanying notes to financial statements.
185
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series C 5.00%, 5/1/2015 | $ | 10,000,000 | $ | 11,036,400 | ||||
Series C 5.00%, 5/1/2017 | 470,000 | 547,639 | ||||||
41,739,004 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $1,572,666,158) | 1,594,334,662 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.3% | ||||||||
MONEY MARKET FUND — 0.3% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (c)(d)(e) (Cost $5,250,628) | 5,250,628 | 5,250,628 | ||||||
TOTAL INVESTMENTS — 99.1% (f) | ||||||||
(Cost $1,577,916,786) | 1,599,585,290 | |||||||
OTHER ASSETS & LIABILITIES — 0.9% | 14,465,535 | |||||||
NET ASSETS — 100.0% | $ | 1,614,050,825 | ||||||
(a) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Assured Guaranty Municipal Corp. | 2.12 | % | ||||
Permanent School Fund Guaranteed | 0.44 | % | ||||
Assured Guaranty Corp. | 0.16 | % | ||||
National Public Finance Guarantee Corp. | 0.00 | % | ||||
(b) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
186
SPDR Nuveen S&P VRDO Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 100.0% | ||||||||
ALASKA — 4.2% | ||||||||
Alaska, State Housing Finance Corp. Revenue Series A 0.11%, 12/1/2030 (a) | $ | 500,000 | $ | 500,000 | ||||
ARIZONA — 0.8% | ||||||||
Arizona, Health Facilities Authority Revenue Series E 0.13%, 1/1/2029 (a) | 100,000 | 100,000 | ||||||
CALIFORNIA — 11.9% | ||||||||
California, Statewide Communities Development Authority Revenue 0.25%, 7/1/2036 (a) | 200,000 | 200,000 | ||||||
Pasadena, CA, Certificates Participation Series A 0.13%, 2/1/2035 (a) | 400,000 | 400,000 | ||||||
Riverside, CA, Electric Revenue Series C 0.13%, 10/1/2035 (a) | 150,000 | 150,000 | ||||||
Sacramento, CA, Transportation Authority 0.12%, 10/1/2038 (a) | 500,000 | 500,000 | ||||||
Santa Clara, CA, Financing Authority Revenue Series M 0.14%, 5/15/2035 (a) | 185,000 | 185,000 | ||||||
1,435,000 | ||||||||
COLORADO — 4.2% | ||||||||
Broomfield, CO, Urban Renewal Authority, Tax Revenue 0.65%, 12/1/2030 (a) | 400,000 | 400,000 | ||||||
Colorado, Educational & Cultural Facilities Authority 0.11%, 7/1/2033 (a) | 100,000 | 100,000 | ||||||
500,000 | ||||||||
CONNECTICUT — 4.2% | ||||||||
Connecticut, State Housing Finance Authority Revenue Series E 0.15%, 5/15/2036 (a) | 500,000 | 500,000 | ||||||
FLORIDA — 4.2% | ||||||||
Charlotte, FL, Utility System Revenue Series A 0.24%, 10/1/2021 (a)(b) | 500,000 | 500,000 | ||||||
ILLINOIS — 4.2% | ||||||||
Illinois, State Finance Authority Revenue 0.21%, 11/15/2037 (a)(b) | 500,000 | 500,000 | ||||||
LOUISIANA — 4.2% | ||||||||
St. James Parish, LA, Revenue Series A-1 0.35%, 11/1/2040 (a) | 500,000 | 500,000 | ||||||
NEBRASKA — 0.8% | ||||||||
Nebraska, Central Plains Energy Project Revenue 0.13%, 8/1/2039 (a) | 100,000 | 100,000 | ||||||
NEW MEXICO — 0.8% | ||||||||
New Mexico, State Municipal Energy Acquisition Authority, Gas Supply Revenue 0.13%, 11/1/2039 (a) | 100,000 | 100,000 | ||||||
NEW YORK — 17.8% | ||||||||
New York, NY, City Municipal Water Finance Authority Revenue Series F-2 0.13%, 6/15/2033 (a) | 400,000 | 400,000 | ||||||
New York, NY, City Transitional Finance Authority Revenue Series 3 0.32%, 11/1/2022 (a) | 400,000 | 400,000 | ||||||
New York, NY, Metropolitan Transportation Authority Revenue 0.13%, 11/1/2035 (a) | 100,000 | 100,000 | ||||||
New York, NY, Triborough Bridge & Tunnel Authority Revenue Series B-3 0.16%, 1/1/2032 (a) | 390,000 | 390,000 | ||||||
New York, State Housing Finance Agency: | ||||||||
Series A 0.16%, 11/1/2036 (a) | 350,000 | 350,000 | ||||||
Series A 0.16%, 11/1/2037 (a) | 500,000 | 500,000 | ||||||
2,140,000 | ||||||||
NORTH CAROLINA — 14.0% | ||||||||
Charlotte, NC, Water & Sewer System Revenue Series C 0.13%, 6/1/2025 (a) | 500,000 | 500,000 | ||||||
New Hanover, NC, Hospital Revenue 0.20%, 10/1/2026 (a)(b) | 580,000 | 580,000 | ||||||
North Carolina, Medical Care Commission, Health Care Facilities Revenue 0.14%, 12/1/2028 (a) | 100,000 | 100,000 | ||||||
Person County, NC, Industrial Facilities & Pollution Control Financing Authority Revenue 0.22%, 11/1/2035 (a) | 500,000 | 500,000 | ||||||
1,680,000 | ||||||||
OHIO — 3.2% | ||||||||
Ohio State University, Revenue 1.25%, 12/1/2026 (a)(b) | 380,000 | 380,000 | ||||||
PENNSYLVANIA — 6.7% | ||||||||
Pennsylvania, Delaware Valley Regional Financing Authority Revenue Series B 0.23%, 6/1/2042 (a) | 300,000 | 300,000 | ||||||
Pittsburgh, PA, Water & Sewer Authority 0.26%, 9/1/2033 (a)(b) | 500,000 | 500,000 | ||||||
800,000 | ||||||||
RHODE ISLAND — 2.5% | ||||||||
Rhode Island, Health & Educational Building Corp., Revenue 0.19%, 10/1/2033 (a) | 300,000 | 300,000 | ||||||
SOUTH CAROLINA — 4.8% | ||||||||
Rock Hill, SC, Combined Utility System Revenue Series B 0.23%, 1/1/2033 (a)(b) | 580,000 | 580,000 | ||||||
TENNESSEE — 7.4% | ||||||||
Clarksville, TN, Public Building Authority Revenue: | ||||||||
0.19%, 6/1/2024 (a) | 100,000 | 100,000 | ||||||
0.19%, 6/1/2029 (a) | 100,000 | 100,000 | ||||||
Montgomery County, TN, Public Building Authority Revenue 0.17%, 9/1/2029 (a) | 500,000 | 500,000 |
See accompanying notes to financial statements.
187
SPDR Nuveen S&P VRDO Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Nashville & Davidson County, TN, Industrial Development Board Revenue 0.16%, 12/1/2031 (a) | $ | 187,000 | $ | 187,000 | ||||
887,000 | ||||||||
TEXAS — 3.3% | ||||||||
Harris County, TX, Cultural Education Facilities Finance Corp. Revenue Series C 0.11%, 6/1/2024 (a) | 400,000 | 400,000 | ||||||
WASHINGTON — 0.8% | ||||||||
Washington, Health Care Facilities Authority Revenue Series C 0.13%, 10/1/2042 (a) | 100,000 | 100,000 | ||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $12,002,000) | 12,002,000 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.0% (c) | ||||||||
MONEY MARKET FUND — 0.0% (c) | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (d)(e)(f) (Cost $2,387) | 2,387 | 2,387 | ||||||
TOTAL INVESTMENTS — 100.0% (g) | ||||||||
(Cost $12,004,387) | 12,004,387 | |||||||
OTHER ASSETS & LIABILITIES — 0.0% (c) | 77 | |||||||
NET ASSETS — 100.0% | $ | 12,004,464 | ||||||
(a) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(b) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Assured Guaranty Municipal Corp. | 25.32 | % | ||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(g) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
188
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 99.1% | ||||||||
ALABAMA — 1.5% | ||||||||
Jefferson County, AL, School Warrant Revenue Series A 5.00%, 1/1/2024 | $ | 1,000,000 | $ | 976,050 | ||||
Phenix, AL, Industrial Development Board, Environmental Improvement Revenue 4.13%, 5/15/2035 | 2,000,000 | 1,988,920 | ||||||
2,964,970 | ||||||||
ALASKA — 0.2% | ||||||||
Northern Alaska, Tobacco Securitization Corp., Tobacco Settlement Revenue Asset Backed Bonds Series A 5.00%, 6/1/2032 | 500,000 | 448,365 | ||||||
ARIZONA — 3.4% | ||||||||
Arizona, AZ, Health Facilities Authority, Hospital Revenue Series A 5.00%, 2/1/2042 | 1,000,000 | 1,082,630 | ||||||
Arizona, AZ, School Facilities Board Revenue 5.00%, 7/1/2018 (a) | 1,000,000 | 1,147,950 | ||||||
Downtown Phoenix, AZ, Hotel Corp. Revenue Series A 5.25%, 7/1/2023 | 1,010,000 | 1,043,775 | ||||||
Phoenix, AZ, Industrial Development Authority Education Revenue: | ||||||||
7.50%, 7/1/2042 | 500,000 | 537,230 | ||||||
Series A 7.50%, 7/1/2042 | 1,000,000 | 1,053,180 | ||||||
Quechan Indian Tribe, AZ, Fort Yuma Indian Reservation Revenue Series A 9.75%, 5/1/2025 | 1,000,000 | 1,078,010 | ||||||
Salt Verde, AZ, Financial Corp. Senior Gas Revenue 5.00%, 12/1/2037 | 530,000 | 591,628 | ||||||
6,534,403 | ||||||||
CALIFORNIA — 18.6% | ||||||||
California County, CA, Tobacco Securitization Agency, Tobacco Settlement Revenue 5.45%, 6/1/2028 (b) | 990,000 | 974,744 | ||||||
California, Golden State Tobacco Securitization Corp., Revenue: | ||||||||
Series A-1 5.00%, 6/1/2033 | 2,000,000 | 1,812,100 | ||||||
Series A 5.00%, 6/1/2045 | 1,000,000 | 1,040,330 | ||||||
Series A-1 5.13%, 6/1/2047 | 1,860,000 | 1,600,195 | ||||||
Series A-1 5.75%, 6/1/2047 | 4,085,000 | 3,860,448 | ||||||
California, Health Facilities Financing Authority Revenue: | ||||||||
Series A 5.00%, 11/15/2034 | 500,000 | 541,700 | ||||||
Series A 5.00%, 4/1/2037 (a) | 1,000,000 | 1,041,050 | ||||||
California, Pollution Control Financing Authority, Water Furnishing Sacramento Revenue 5.00%, 11/21/2045 | 2,000,000 | 2,012,020 | ||||||
California, State Municipal Finance Authority, Mobile Home Park Revenue Series A 5.50%, 8/15/2047 | 435,000 | 460,974 | ||||||
California, State Public Works Board, Lease Revenue: | ||||||||
4.00%, 6/1/2027 | 965,000 | 1,016,077 | ||||||
Series C 5.00%, 9/1/2036 | 500,000 | 562,345 | ||||||
Series G 5.00%, 11/1/2037 | 1,000,000 | 1,098,510 | ||||||
California, Statewide Communities Development Authority Revenue: | ||||||||
Series A 4.88%, 11/15/2036 | 550,000 | 552,761 | ||||||
5.00%, 8/15/2047 | 330,000 | 344,352 | ||||||
Series A 5.13%, 7/15/2031 | 500,000 | 516,160 | ||||||
Series A 5.25%, 7/1/2030 | 795,000 | 831,133 | ||||||
Series A 6.00%, 10/1/2047 | 2,000,000 | 2,141,520 | ||||||
Chino, CA, Public Financing Authority, Special Tax Revenue 5.00%, 9/1/2034 | 100,000 | 102,772 | ||||||
Daly City, CA, Housing Development Finance Agency, Mobile Home Park Revenue Series A 5.00%, 12/15/2047 | 490,000 | 500,775 | ||||||
Hesperia, CA, Public Financing Authority, Tax Allocation: | ||||||||
Series A 5.50%, 9/1/2022 | 1,000,000 | 1,007,270 | ||||||
Series A 5.50%, 9/1/2032 | 465,000 | 442,443 | ||||||
Independent Cities, CA, Finance Authority, Mobile Home Park Revenue Series A 5.00%, 5/15/2039 | 250,000 | 262,190 | ||||||
Los Angeles, CA, Regional Airports Improvement Corp., Lease Revenue Series A 7.13%, 12/1/2024 (c) | 500,000 | 559,990 | ||||||
March, CA, Joint Powers Redevelopment Agency, Tax Allocation Series B 7.50%, 8/1/2041 | 1,000,000 | 1,183,420 | ||||||
Oakley, CA, Public Finance Authority Revenue, Special Assessment 5.30%, 9/2/2034 | 170,000 | 178,706 | ||||||
Pittsburg, CA, Redevelopment Agency, Tax Allocation: | ||||||||
Zero Coupon, 8/1/2020 (a)(d) | 500,000 | 358,225 | ||||||
6.50%, 9/1/2028 | 1,000,000 | 1,092,190 | ||||||
Rancho Mirage, CA, Joint Powers Financing Authority Revenue Series A 5.00%, 7/1/2027 | 1,000,000 | 1,045,420 | ||||||
Riverside County, CA, Redevelopment Agency, Tax Allocation Series A 6.00%, 10/1/2039 | 430,000 | 473,546 | ||||||
San Benito, CA, Health Care District Revenue 5.40%, 10/1/2020 | 1,000,000 | 1,000,730 | ||||||
Temecula, CA, Public Financing Authority, Special Tax Revenue: | ||||||||
5.00%, 9/1/2030 | 500,000 | 527,415 | ||||||
5.00%, 9/1/2034 | 1,000,000 | 1,043,570 | ||||||
Tobacco Securitization Authority of Northern California, Tobacco Settlement Revenue Series A1 5.50%, 6/1/2045 | 1,605,000 | 1,428,386 |
See accompanying notes to financial statements.
189
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Tobacco Securitization Authority of Southern California, Tobacco Settlement Revenue: | ||||||||
Series A1 5.00%, 6/1/2037 | $ | 1,000,000 | $ | 890,200 | ||||
Series A1 5.13%, 6/1/2046 | 690,000 | 590,157 | ||||||
Tulare, CA, Local Health Care District Revenue 5.10%, 11/1/2027 | 1,000,000 | 954,060 | ||||||
Vernon, CA, Electric System Revenue Series A 5.13%, 8/1/2021 | 1,125,000 | 1,268,257 | ||||||
West Contra Costa, CA, Healthcare District, Certificates of Participation 5.75%, 7/1/2037 | 400,000 | 447,576 | ||||||
35,763,717 | ||||||||
COLORADO — 5.1% | ||||||||
Colorado, Health Facilities Authority Revenue: | ||||||||
Series B 4.00%, 12/1/2026 | 1,000,000 | 1,002,480 | ||||||
Series A 5.90%, 8/1/2037 | 1,000,000 | 1,011,760 | ||||||
Series A 7.75%, 8/1/2039 | 485,000 | 541,158 | ||||||
Denver, CO, City & County Special Facilities, Airport Revenue Series A 5.25%, 10/1/2032 | 1,000,000 | 1,017,560 | ||||||
Great Western, CO, Metropolitan District, General Obligation Series A1 9.00%, 8/1/2039 | 1,000,000 | 1,047,370 | ||||||
Harvest Junction, CO, Metropolitan District, General Obligation 5.00%, 12/1/2030 | 770,000 | 793,655 | ||||||
Metropolitan District, CO, Compark Business Campus, General Obligation: | ||||||||
Series A 5.75%, 12/1/2027 | 1,000,000 | 1,006,310 | ||||||
Series A 6.75%, 12/1/2039 | 1,000,000 | 1,026,070 | ||||||
Prairie Center, CO, Metropolitan District No. 3, General Obligation Series A 5.40%, 12/15/2031 | 1,000,000 | 999,970 | ||||||
Public Authority for Colorado, State Natural Gas Purchase Revenue 6.50%, 11/15/2038 | 1,035,000 | 1,419,171 | ||||||
9,865,504 | ||||||||
CONNECTICUT — 0.9% | ||||||||
Harbor Point, CT, Special Obligation Revenue Series A 7.88%, 4/1/2039 | 1,000,000 | 1,140,300 | ||||||
Mohegan Tribe of Indians, CT, Gaming Authority Revenue 5.13%, 1/1/2023 (e) | 500,000 | 500,580 | ||||||
1,640,880 | ||||||||
DISTRICT OF COLUMBIA — 0.6% | ||||||||
Tobacco Settlement Financing Corp., DC, Revenue 6.50%, 5/15/2033 | 1,000,000 | 1,169,020 | ||||||
FLORIDA — 7.7% | ||||||||
Ave Maria, FL, Stewardship Community District, Special Assessment 6.70%, 5/1/2042 | 1,000,000 | 1,013,710 | ||||||
Escambia County, FL, Health Facilities Authority Revenue Series A 5.75%, 8/15/2029 | 1,000,000 | 1,140,900 | ||||||
Florida Development Finance Corp., Educational Facilities Revenue: | ||||||||
Series A 6.13%, 6/15/2043 | 500,000 | 490,850 | ||||||
Series A 7.50%, 6/15/2033 | 500,000 | 583,070 | ||||||
Fort Pierce, FL, Redevelopment Agency Revenue, Tax Allocation 5.00%, 5/1/2031 | 1,000,000 | 1,040,370 | ||||||
Guam Power Authority Revenue Series A 7.38%, 11/15/2019 | 300,000 | 304,998 | ||||||
Hillsborough County, FL, Industrial Development Authority, Hospital Revenue 5.25%, 10/1/2026 | 1,000,000 | 1,070,110 | ||||||
Lake County, FL, Industrial Development Revenue Series A 7.13%, 11/1/2042 | 500,000 | 500,065 | ||||||
Lakeland, FL, Educational Facilities Revenue Series A 5.00%, 9/1/2037 | 170,000 | 181,820 | ||||||
Lakes by the Bay Community Development District, FL, Special Assessment 5.75%, 11/1/2042 | 500,000 | 511,300 | ||||||
Lee County, FL, Industrial Development Authority, Revenue Series A 5.38%, 6/15/2037 | 1,000,000 | 1,002,910 | ||||||
Madison County, FL, Revenue Series A 6.00%, 7/1/2025 | 720,000 | 700,719 | ||||||
Martin County, FL, Health Facilities Authority, Revenue Series B 5.00%, 11/15/2028 | 2,000,000 | 2,177,040 | ||||||
Northern Palm Beach County, FL, Improvement District, Special Assesment 5.13%, 8/1/2022 | 1,000,000 | 1,026,240 | ||||||
Pinellas County, FL, Educational Facilities Authority Revenue 5.25%, 10/1/2030 | 1,000,000 | 1,114,570 | ||||||
Renaissance Community Development District, FL, Special Assessment 5.55%, 5/1/2033 | 500,000 | 504,560 | ||||||
Seven Oaks, FL, Community Development District, Special Assessment Series A-2 6.50%, 5/1/2033 | 750,000 | 801,008 | ||||||
Tolomato, FL, Community Development District, Special Assessment: | ||||||||
Series A-2 Zero Coupon, 5/1/2039 (f) | 65,000 | 46,647 | ||||||
Series A-3 Zero Coupon, 5/1/2040 (f) | 195,000 | 112,349 | ||||||
Series A-4 Zero Coupon, 5/1/2040 (f) | 85,000 | 36,027 | ||||||
Series 1 6.65%, 5/1/2040 | 15,000 | 8,017 | ||||||
Series 2 6.65%, 5/1/2040 | 470,000 | 213,051 | ||||||
Series 3 6.65%, 5/1/2040 (b) | 120,000 | 1 |
See accompanying notes to financial statements.
190
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series A-1 6.65%, 5/1/2040 | $ | 200,000 | $ | 195,908 | ||||
14,776,240 | ||||||||
GEORGIA — 1.1% | ||||||||
Georgia Local Government, Certificates of Participation Series A 4.75%, 6/1/2028 (a) | 2,000,000 | 2,066,360 | ||||||
GUAM — 1.2% | ||||||||
Guam Power Authority Revenue Series A 5.00%, 10/1/2034 | 160,000 | 177,910 | ||||||
Guam, Government General Obligation Series A 6.75%, 11/15/2029 | 1,000,000 | 1,119,570 | ||||||
Guam, Government Waterworks Authority, Water & Wastewater System Revenue 5.63%, 7/1/2040 | 1,000,000 | 1,052,090 | ||||||
2,349,570 | ||||||||
HAWAII — 0.8% | ||||||||
Hawaii, Pacific Health Special Purpose Revenue Series B 5.75%, 7/1/2040 | 1,000,000 | 1,124,140 | ||||||
Hawaii, State Department of Budget & Finance, Special Purpose Revenue Series A 4.65%, 3/1/2037 | 480,000 | 485,774 | ||||||
1,609,914 | ||||||||
ILLINOIS — 4.9% | ||||||||
Chicago, IL, Board of Education, General Obligation Series A 5.50%, 12/1/2026 (a) | 1,500,000 | 1,855,230 | ||||||
Cook County, IL, Revenue 6.50%, 10/15/2040 | 1,000,000 | 1,059,310 | ||||||
Illinois, State Finance Authority Revenue: | ||||||||
5.75%, 5/15/2046 | 2,000,000 | 2,046,380 | ||||||
6.13%, 5/15/2027 | 1,000,000 | 1,114,200 | ||||||
7.13%, 2/1/2034 | 1,000,000 | 1,092,160 | ||||||
7.13%, 2/15/2039 | 1,100,000 | 1,213,091 | ||||||
Illinois, State Finance Authority, Student Housing Revenue Series A 5.00%, 6/1/2024 (c) | 500,000 | 429,970 | ||||||
Railsplitter, IL, Tobacco Settlement Authority Revenue 5.50%, 6/1/2023 | 500,000 | 596,980 | ||||||
9,407,321 | ||||||||
INDIANA — 2.5% | ||||||||
Indiana, State Finance Authority, Environmental Revenue: | ||||||||
6.00%, 12/1/2019 | 1,000,000 | 1,112,110 | ||||||
6.00%, 12/1/2026 | 500,000 | 512,280 | ||||||
Indiana, State Finance Authority, Hospital Revenue 5.50%, 8/15/2040 | 2,000,000 | 2,173,420 | ||||||
Vigo County, IN, Hospital Authority Revenue 5.75%, 9/1/2042 (e) | 1,000,000 | 1,034,160 | ||||||
4,831,970 | ||||||||
IOWA — 1.7% | ||||||||
Iowa Finance Authority, Midwestern Disaster Area Revenue 4.75%, 8/1/2042 | 1,950,000 | 1,967,881 | ||||||
Tobacco Settlement Authority, IA, Tobacco Settlement Revenue Series C 5.50%, 6/1/2042 (b) | 1,355,000 | 1,288,727 | ||||||
3,256,608 | ||||||||
KANSAS — 1.6% | ||||||||
Burlington, KS, Environment Improvement Revenue 4.65%, 9/1/2035 (f) | 1,000,000 | 1,036,380 | ||||||
Lenexa, KS, Health Facility Revenue 5.25%, 5/15/2022 | 1,000,000 | 1,044,330 | ||||||
Overland Park, KS, Development Corp., Revenue 5.25%, 1/1/2032 (a) | 1,000,000 | 1,026,440 | ||||||
3,107,150 | ||||||||
LOUISIANA — 1.5% | ||||||||
Jefferson Parish, LA, Hospital Service District No. 2, Hospital Revenue 6.38%, 7/1/2041 | 1,060,000 | 1,242,405 | ||||||
Louisiana, Public Facilities Authority, Hospital Revenue 4.00%, 7/1/2042 | 500,000 | 492,330 | ||||||
Louisiana, State Environmental Facilities & Community Development Authority Revenue 6.75%, 11/1/2032 | 500,000 | 561,250 | ||||||
New Orleans, LA, General Obligation 5.00%, 12/1/2033 | 500,000 | 557,930 | ||||||
2,853,915 | ||||||||
MAINE — 0.3% | ||||||||
Rumford, ME, Solid Waste Disposal Revenue 6.88%, 10/1/2026 | 525,000 | 525,116 | ||||||
MARYLAND — 0.2% | ||||||||
Maryland, State Economic Development Corp., Student Housing Revenue 5.00%, 6/1/2030 | 350,000 | 379,229 | ||||||
MASSACHUSETTS — 1.2% | ||||||||
Massachusetts, Development Finance Agency, Resource Recovery Revenue Series B 4.88%, 11/1/2042 | 1,000,000 | 1,013,470 | ||||||
Massachusetts, Port Authority Facilities Revenue: | ||||||||
Series A 5.00%, 1/1/2027 (a) | 995,000 | 989,060 | ||||||
Series A 5.50%, 1/1/2016 (a) | 250,000 | 250,205 | ||||||
2,252,735 | ||||||||
MICHIGAN — 2.6% | ||||||||
Conner Creek Academy, MI, Public School Revenue 5.00%, 11/1/2026 | 1,000,000 | 881,050 | ||||||
Detroit, MI, Water and Sewerage Department System Revenue Series A 5.25%, 7/1/2039 | 980,000 | 1,057,537 |
See accompanying notes to financial statements.
191
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Kent County, MI, Hospital Finance Authority Revenue Series A 5.25%, 7/1/2030 | $ | 865,000 | $ | 889,445 | ||||
Michigan Finance Authority Ltd., Miscellaneous Revenue 8.13%, 4/1/2041 | 500,000 | 585,865 | ||||||
Michigan, State Public Power Agency Revenue Series A 5.00%, 1/1/2043 | 1,000,000 | 1,067,170 | ||||||
Michigan, State Tobacco Settlement Finance Authority Revenue Series A 6.88%, 6/1/2042 | 590,000 | 610,786 | ||||||
5,091,853 | ||||||||
MINNESOTA — 1.0% | ||||||||
Oakdale, MN, Revenue 5.00%, 4/1/2034 | 1,000,000 | 1,012,060 | ||||||
St. Paul, MN, Housing & Redevelopment Authority, Lease Revenue Series A 6.63%, 12/1/2023 | 835,000 | 866,672 | ||||||
1,878,732 | ||||||||
MISSOURI — 0.6% | ||||||||
Lees Summit, MO, Industrial Development Authority, Special Assessment & Sales Tax Revenue: | ||||||||
5.00%, 5/1/2035 | 265,000 | 264,629 | ||||||
6.00%, 5/1/2042 | 435,000 | 435,470 | ||||||
University Place, MO, Transportation Development District, Special Assessment & Sales Tax Revenue 5.00%, 3/1/2032 | 500,000 | 442,940 | ||||||
1,143,039 | ||||||||
NEBRASKA — 0.6% | ||||||||
Central Plains Energy Project, NE, Natural Gas Revenue: | ||||||||
5.00%, 9/1/2032 | 500,000 | 540,240 | ||||||
5.00%, 9/1/2042 | 500,000 | 529,920 | ||||||
1,070,160 | ||||||||
NEVADA — 0.6% | ||||||||
Las Vegas, NV, Local Improvement, Special Assessment 6.25%, 6/1/2024 | 200,000 | 205,564 | ||||||
Sparks, NV, Tourism Improvement District No. 1, Sales Tax Revenue Series A 6.75%, 6/15/2028 (e) | 1,000,000 | 1,029,740 | ||||||
1,235,304 | ||||||||
NEW JERSEY — 6.5% | ||||||||
Bayonne, NJ, Redevelopment Agency Revenue Series A 5.38%, 11/1/2035 | 535,000 | 536,407 | ||||||
New Jersey, Economic Development Authority, Revenue: | ||||||||
4.25%, 6/15/2027 | 500,000 | 529,170 | ||||||
5.00%, 6/15/2028 | 500,000 | 565,515 | ||||||
5.00%, 6/1/2032 | 1,000,000 | 1,162,990 | ||||||
5.25%, 9/15/2029 | 1,050,000 | 1,050,840 | ||||||
7.10%, 11/1/2031 (c) | 1,000,000 | 690,120 | ||||||
New Jersey, Educational Facilities Authority, Revenue: | ||||||||
Series A 3.50%, 7/1/2025 | 540,000 | 560,056 | ||||||
Series B 4.00%, 7/1/2023 | 500,000 | 557,040 | ||||||
New Jersey, Health Care Facilities Financing Authority, Revenue 4.00%, 7/1/2026 | 1,175,000 | 1,216,842 | ||||||
Tobacco Settlement Financing Corp., NJ, Revenue: | ||||||||
Series 1A 4.63%, 6/1/2026 | 1,000,000 | 970,000 | ||||||
Series 1A 4.75%, 6/1/2034 | 1,000,000 | 890,100 | ||||||
Series 1A 5.00%, 6/1/2029 | 1,020,000 | 992,123 | ||||||
Series 1A 5.00%, 6/1/2041 | 3,000,000 | 2,715,000 | ||||||
12,436,203 | ||||||||
NEW MEXICO — 0.2% | ||||||||
Mariposa, NM, Public Improvement District, General Obligation 6.00%, 9/1/2032 | 500,000 | 425,030 | ||||||
NEW YORK — 3.8% | ||||||||
Chautauqua County, NY, Industrial Development Agency, Exempt Facility Revenue 5.88%, 4/1/2042 | 1,000,000 | 1,125,060 | ||||||
Hudson, NY, Yards Infrastructure Corp., Revenue Series A 5.75%, 2/15/2047 | 500,000 | 593,180 | ||||||
New York, NY, Industrial Development Agency Revenue: | ||||||||
4.00%, 1/1/2015 (a) | 100,000 | 102,968 | ||||||
5.00%, 1/1/2031 (a) | 1,000,000 | 1,010,820 | ||||||
5.00%, 9/1/2035 | 1,000,000 | 1,024,930 | ||||||
5.75%, 10/1/2037 | 1,000,000 | 450,040 | ||||||
Series A 8.50%, 8/1/2028 (c) | 500,000 | 579,995 | ||||||
Syracuse, NY, Industrial Development Agency Revenue Series A 5.00%, 1/1/2036 | 1,000,000 | 1,009,190 | ||||||
TSASC, Inc., NY, Revenue: | ||||||||
Series 1 5.00%, 6/1/2034 | 530,000 | 468,054 | ||||||
Series 1 5.13%, 6/1/2042 | 1,000,000 | 852,950 | ||||||
7,217,187 | ||||||||
NORTH CAROLINA — 0.3% | ||||||||
North Carolina, Capital Facilities Finance Agency, Educational Facilities Revenue 5.00%, 5/1/2032 | 500,000 | 545,100 | ||||||
OHIO — 7.2% | ||||||||
Buckeye, OH, Tobacco Settlement Financing Authority: | ||||||||
Series A-2 5.13%, 6/1/2024 | 1,150,000 | 1,046,339 | ||||||
Series A-2 5.38%, 6/1/2024 | 1,000,000 | 930,050 | ||||||
Series A-2 5.75%, 6/1/2034 | 2,000,000 | 1,775,060 | ||||||
Series A-2 5.88%, 6/1/2030 | 2,000,000 | 1,822,180 | ||||||
Series A-2 5.88%, 6/1/2047 | 1,500,000 | 1,343,490 | ||||||
Series A-2 6.00%, 6/1/2042 | 2,110,000 | 1,921,134 | ||||||
Series A-3 6.25%, 6/1/2037 (f) | 1,000,000 | 947,350 | ||||||
Series A-2 6.50%, 6/1/2047 | 1,000,000 | 973,160 |
See accompanying notes to financial statements.
192
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Ohio, State Air Quality Development Authority Revenue: | ||||||||
Series E 5.63%, 10/1/2019 | $ | 790,000 | $ | 929,016 | ||||
6.75%, 6/1/2024 | 1,000,000 | 1,032,790 | ||||||
Ohio, State Hospital Facilities Authority Revenue 6.00%, 12/1/2042 | 1,000,000 | 1,084,720 | ||||||
13,805,289 | ||||||||
OKLAHOMA — 1.1% | ||||||||
Tulsa County, OK, Industrial Authority, Senior Living Community Revenue Series A 7.13%, 11/1/2030 | 1,025,000 | 1,168,726 | ||||||
Tulsa, OK, Municipal Airport Trust Trustees, Revenue 6.25%, 6/1/2020 (b) | 1,000,000 | 1,002,610 | ||||||
2,171,336 | ||||||||
PENNSYLVANIA — 2.3% | ||||||||
Allegheny County, PA, Hospital Development Authority Revenue Series A 5.38%, 11/15/2040 | 680,000 | 464,372 | ||||||
Erie, PA, Higher Education Building Authority Revenue 5.35%, 3/15/2028 | 540,000 | 587,855 | ||||||
Lancaster County, PA, Hospital Authority 5.00%, 4/1/2027 | 420,000 | 432,512 | ||||||
Montgomery County, PA, Industrial Development Authority Revenue 6.00%, 2/1/2021 | 1,015,000 | 1,038,020 | ||||||
Pennsylvania, State Economic Development Financing Authority Revenue 6.00%, 6/1/2031 | 515,000 | 515,015 | ||||||
Pennsylvania, State Higher Educational Facilities Authority Revenue 5.00%, 10/1/2044 | 180,000 | 194,404 | ||||||
Philadelphia, PA, Hospitals & Higher Education Facilities Authority Revenue Series A 5.63%, 7/1/2042 | 1,080,000 | 1,165,287 | ||||||
4,397,465 | ||||||||
PUERTO RICO — 3.6% | ||||||||
Puerto Rico Commonwealth, General Obligation: | ||||||||
Series A 5.00%, 7/1/2022 | 1,000,000 | 1,006,030 | ||||||
Series A 5.75%, 7/1/2041 | 1,725,000 | 1,746,959 | ||||||
Puerto Rico, Electric Power Authority Revenue Series XX 5.25%, 7/1/2040 | 1,000,000 | 988,520 | ||||||
Puerto Rico, Industrial Tourist Educational, Medical & Environmental Revenue: | ||||||||
5.00%, 10/1/2042 | 150,000 | 147,030 | ||||||
5.38%, 4/1/2042 | 1,000,000 | 1,001,720 | ||||||
Puerto Rico, Sales Tax Financing Corp. Revenue Series A 5.38%, 8/1/2039 | 1,000,000 | 1,025,090 | ||||||
The Children’s Trust Fund, PR, Tobacco Settlement Revenue 5.63%, 5/15/2043 (b) | 1,000,000 | 1,000,910 | ||||||
6,916,259 | ||||||||
TENNESSEE — 0.4% | ||||||||
Tennessee, State Energy Acquisition Corp., Gas Revenue Series A 5.25%, 9/1/2019 | 725,000 | 836,012 | ||||||
TEXAS — 5.8% | ||||||||
Austin, TX, Convention Center Revenue Series A 5.00%, 1/1/2034 | 875,000 | 914,620 | ||||||
Central Texas, Regional Mobility Authority Revenue 5.75%, 1/1/2025 | 1,000,000 | 1,169,030 | ||||||
Dallas-Fort Worth, TX, International Airport Facilities Improvement Corp., Revenue 6.00%, 11/1/2014 (c) | 1,000,000 | 842,040 | ||||||
Gulf Coast, TX, Industrial Development Authority Revenue 4.88%, 5/1/2025 | 750,000 | 758,947 | ||||||
Houston, TX, Airport System Revenue Series A 5.00%, 7/1/2028 | 1,000,000 | 1,138,550 | ||||||
Love Field, TX, Airport Modernization Corp. Revenue 5.25%, 11/1/2040 | 225,000 | 246,274 | ||||||
North Texas, Tollway Authority Revenue Series B 5.25%, 1/1/2052 | 500,000 | 556,440 | ||||||
Northpointe, TX, Water Control & Improvement District, General Obligation: | ||||||||
Series A 3.70%, 9/1/2034 | 580,000 | 582,703 | ||||||
Series A 3.70%, 9/1/2037 | 710,000 | 711,640 | ||||||
Texas, Brazos River Authority, Pollution Control Revenue Series D 5.40%, 10/1/2029 (f) | 1,000,000 | 402,140 | ||||||
Texas, Municipal Gas Acquisition & Supply Corp. III, Revenue 5.00%, 12/15/2030 | 1,950,000 | 2,109,198 | ||||||
Texas, State Transportation Commission, Turnpike System Revenue Series A 5.00%, 8/15/2041 | 475,000 | 515,769 | ||||||
Travis County, TX, Health Facilities Development Corp., Revenue 7.13%, 11/1/2040 | 1,000,000 | 1,189,780 | ||||||
11,137,131 | ||||||||
UTAH — 0.5% | ||||||||
Utah, State Charter School Finance Authority Revenue Series A 5.80%, 6/15/2038 | 1,000,000 | 1,029,840 | ||||||
VIRGIN ISLANDS — 0.4% | ||||||||
Virgin Islands, Public Finance Authority Revenue 5.00%, 10/1/2031 | 800,000 | 835,968 | ||||||
See accompanying notes to financial statements.
193
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
VIRGINIA — 3.2% | ||||||||
Chesapeake, VA, Expressway Toll Road Revenue Series A 5.00%, 7/15/2047 | $ | 2,000,000 | $ | 2,146,180 | ||||
Tobacco Settlement Financing Corp., VA, Revenue Series B1 5.00%, 6/1/2047 | 1,490,000 | 1,192,641 | ||||||
Virginia, Small Business Financing Authority Revenue: | ||||||||
5.00%, 7/1/2034 | 500,000 | 512,380 | ||||||
5.00%, 1/1/2040 | 900,000 | 918,963 | ||||||
5.50%, 1/1/2042 | 1,250,000 | 1,352,800 | ||||||
6,122,964 | ||||||||
WASHINGTON — 1.3% | ||||||||
Port of Seattle, WA, Industrial Development Corp. 5.00%, 4/1/2030 | 700,000 | 706,265 | ||||||
Washington, Health Care Facilities Authority Revenue: | ||||||||
4.75%, 12/1/2031 | 1,000,000 | 974,380 | ||||||
5.00%, 12/1/2042 | 320,000 | 333,782 | ||||||
Washington, State Higher Education Facilities Authority Revenue 5.25%, 10/1/2046 | 500,000 | 543,310 | ||||||
2,557,737 | ||||||||
WISCONSIN — 2.1% | ||||||||
Platteville Redevelopment Authority, WI, Revenue 5.00%, 7/1/2042 | 1,000,000 | 1,029,730 | ||||||
Public Finance Authority, WI, Public Facilities Revenue: | ||||||||
5.00%, 4/1/2022 | 625,000 | 629,093 | ||||||
5.00%, 7/1/2042 | 1,000,000 | 1,015,120 | ||||||
Series A 6.20%, 10/1/2042 | 325,000 | 333,083 | ||||||
Wisconsin, State Public Finance Authority Revenue Series A 8.63%, 6/1/2047 | 1,000,000 | 1,078,410 | ||||||
4,085,436 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $179,821,966) | 190,741,032 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.2% | ||||||||
MONEY MARKET FUND — 0.2% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (g)(h)(i) (Cost $507,486) | 507,486 | 507,486 | ||||||
TOTAL INVESTMENTS — 99.3% (j) | ||||||||
(Cost $180,329,452) | 191,248,518 | |||||||
OTHER ASSETS & LIABILITIES — 0.7% | 1,278,772 | |||||||
NET ASSETS — 100.0% | $ | 192,527,290 | ||||||
(a) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Ambac Financial Group | 3.08 | % | ||||
�� | National Public Finance Guarantee Corp. | 2.04 | % | |||
(b) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(c) | Security is currently in default and/or issuer is in bankruptcy. | |||||
(d) | Non-income producing security. | |||||
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 1.3% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(f) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(g) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(h) | The rate shown is the annualized seven-day yield at period end. | |||||
(i) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(j) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
194
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 98.7% | ||||||||
ARIZONA — 0.6% | ||||||||
Arizona, Salt River Project, Agricultural Improvement & Power District Revenue 4.84%, 1/1/2041 | $ | 390,000 | $ | 466,787 | ||||
Phoenix, AZ, General Obligation 5.27%, 7/1/2034 | 160,000 | 188,726 | ||||||
655,513 | ||||||||
CALIFORNIA — 35.7% | ||||||||
California, Bay Area Toll Authority, Toll Bridge Revenue 7.04%, 4/1/2050 | 800,000 | 1,166,192 | ||||||
California, State General Obligation: | ||||||||
5.70%, 11/1/2021 | 220,000 | 262,139 | ||||||
6.65%, 3/1/2022 | 370,000 | 463,251 | ||||||
7.30%, 10/1/2039 | 1,675,000 | 2,321,047 | ||||||
7.35%, 11/1/2039 | 1,010,000 | 1,407,970 | ||||||
7.50%, 4/1/2034 | 1,715,000 | 2,385,136 | ||||||
7.55%, 4/1/2039 | 2,930,000 | 4,224,474 | ||||||
7.60%, 11/1/2040 | 1,785,000 | 2,607,653 | ||||||
7.63%, 3/1/2040 | 1,345,000 | 1,943,121 | ||||||
7.70%, 11/1/2030 | 595,000 | 737,407 | ||||||
7.95%, 3/1/2036 | 930,000 | 1,155,702 | ||||||
California, State Public Works Board, Lease Revenue 8.36%, 10/1/2034 | 185,000 | 236,071 | ||||||
East Bay, CA, Municipal Utility District, Water System Revenue 5.87%, 6/1/2040 | 445,000 | 588,419 | ||||||
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue 5.74%, 6/1/2039 | 420,000 | 525,609 | ||||||
Los Angeles County, CA, Public Works Financing Authority, Lease Revenue: | ||||||||
7.49%, 8/1/2033 | 170,000 | 216,835 | ||||||
7.62%, 8/1/2040 | 410,000 | 543,193 | ||||||
Los Angeles, CA, Community College District, General Obligation: | ||||||||
6.60%, 8/1/2042 | 405,000 | 551,825 | ||||||
6.75%, 8/1/2049 | 420,000 | 592,637 | ||||||
Los Angeles, CA, Department of Airports Revenue 6.58%, 5/15/2039 | 200,000 | 260,594 | ||||||
Los Angeles, CA, Department of Water & Power Revenue: | ||||||||
5.72%, 7/1/2039 | 320,000 | 397,629 | ||||||
6.17%, 7/1/2040 | 115,000 | 134,844 | ||||||
6.57%, 7/1/2045 | 760,000 | 1,064,783 | ||||||
6.60%, 7/1/2050 | 500,000 | 725,160 | ||||||
Los Angeles, CA, Department of Water & Power Waterworks Revenue 6.01%, 7/1/2039 | 115,000 | 146,418 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
5.75%, 7/1/2034 | 980,000 | 1,174,961 | ||||||
5.76%, 7/1/2029 | 290,000 | 338,549 | ||||||
6.76%, 7/1/2034 | 1,275,000 | 1,701,857 | ||||||
Orange County, CA, Local Transportation Authority, Sales Tax Revenue Series A 6.91%, 2/15/2041 | 150,000 | 209,945 | ||||||
Sacramento, CA, Municipal Utility District, Electricity Revenue 6.16%, 5/15/2036 | 265,000 | 328,528 | ||||||
San Diego County, CA, Regional Transportation Commission, Sales Tax Revenue 5.91%, 4/1/2048 | 330,000 | 436,214 | ||||||
San Diego County, CA, Water Authority Revenue 6.14%, 5/1/2049 | 550,000 | 732,034 | ||||||
San Francisco, CA, Bay Area Toll Authority, Toll Bridge Revenue: | ||||||||
6.26%, 4/1/2049 | 1,415,000 | 1,959,605 | ||||||
6.79%, 4/1/2030 | 445,000 | 565,604 | ||||||
6.91%, 10/1/2050 | 170,000 | 244,649 | ||||||
6.92%, 4/1/2040 | 405,000 | 558,475 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue: | ||||||||
6.00%, 11/1/2040 | 430,000 | 535,075 | ||||||
6.00%, 11/1/2040 | 150,000 | 187,338 | ||||||
6.95%, 11/1/2050 | 360,000 | 512,777 | ||||||
Santa Clara Valley, CA, Transportation Authority, Sales Tax Revenue 5.88%, 4/1/2032 | 390,000 | 476,876 | ||||||
Southern California, Metropolitan Water District Revenue 6.95%, 7/1/2040 | 100,000 | 124,458 | ||||||
University of California, Revenue: | ||||||||
5.77%, 5/15/2043 | 560,000 | 690,654 | ||||||
5.95%, 5/15/2045 | 480,000 | 593,146 | ||||||
6.27%, 5/15/2031 | 155,000 | 180,584 | ||||||
6.55%, 5/15/2048 | 460,000 | 612,614 | ||||||
6.58%, 5/15/2049 | 465,000 | 607,220 | ||||||
37,429,272 | ||||||||
COLORADO — 1.1% | ||||||||
Colorado, Regional Transportation District, Sales Tax Revenue 5.84%, 11/1/2050 | 150,000 | 205,593 | ||||||
Colorado, State Bridge Enterprise Revenue Series A 6.08%, 12/1/2040 | 300,000 | 387,813 | ||||||
Denver, CO, City & County School District No 1, General Obligation 5.66%, 12/1/2033 | 365,000 | 458,422 | ||||||
Denver, CO, General Obligation 5.65%, 8/1/2030 | 100,000 | 120,502 | ||||||
1,172,330 | ||||||||
CONNECTICUT — 0.9% | ||||||||
Connecticut, State General Obligation: | ||||||||
5.09%, 10/1/2030 | 315,000 | 361,926 | ||||||
5.63%, 12/1/2029 | 225,000 | 280,597 | ||||||
Connecticut, State Special Tax Revenue 5.46%, 11/1/2030 | 280,000 | 333,995 | ||||||
976,518 | ||||||||
See accompanying notes to financial statements.
195
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
DISTRICT OF COLUMBIA — 1.0% | ||||||||
District of Columbia, Income Tax Revenue: | ||||||||
5.58%, 12/1/2035 | $ | 145,000 | $ | 183,666 | ||||
5.59%, 12/1/2034 | 175,000 | 218,452 | ||||||
District of Columbia, Water & Sewer Authority Revenue 5.52%, 10/1/2044 | 100,000 | 123,868 | ||||||
Metropolitan Washington, DC, Airport Authority, Dules Road Revenue 7.46%, 10/1/2046 | 380,000 | 461,738 | ||||||
987,724 | ||||||||
GEORGIA — 3.1% | ||||||||
Georgia, Municipal Electric Authority Revenue: | ||||||||
6.64%, 4/1/2057 | 1,130,000 | 1,349,796 | ||||||
6.66%, 4/1/2057 | 745,000 | 884,643 | ||||||
7.06%, 4/1/2057 | 605,000 | 684,715 | ||||||
Georgia, State General Obligation 4.50%, 11/1/2025 | 255,000 | 297,445 | ||||||
3,216,599 | ||||||||
ILLINOIS — 5.3% | ||||||||
Chicago, IL, Board of Education, General Obligation 6.14%, 12/1/2039 | 295,000 | 332,521 | ||||||
Chicago, IL, Metropolitan Water Reclamation District, General Obligation 5.72%, 12/1/2038 | 610,000 | 773,761 | ||||||
Chicago, IL, O’Hare International Airport Revenue: | ||||||||
6.40%, 1/1/2040 | 310,000 | 403,877 | ||||||
6.85%, 1/1/2038 | 235,000 | 273,634 | ||||||
Chicago, IL, Transit Authority, Sales Tax Revenue 6.20%, 12/1/2040 | 555,000 | 627,577 | ||||||
Chicago, IL, Waste Water Transmission Revenue 6.90%, 1/1/2040 | 140,000 | 178,707 | ||||||
Chicago, IL, Water Revenue 6.74%, 11/1/2040 | 235,000 | 321,988 | ||||||
Cook County, IL, General Obligation 6.23%, 11/15/2034 | 275,000 | 314,548 | ||||||
Illinois, State General Obligation: | ||||||||
6.63%, 2/1/2035 | 510,000 | 578,075 | ||||||
6.73%, 4/1/2035 | 285,000 | 326,182 | ||||||
7.35%, 7/1/2035 | 565,000 | 683,486 | ||||||
Illinois, State Toll Highway Authority Revenue: | ||||||||
5.85%, 12/1/2034 | 250,000 | 310,958 | ||||||
6.18%, 1/1/2034 | 375,000 | 474,337 | ||||||
5,599,651 | ||||||||
INDIANA — 0.2% | ||||||||
Indianapolis, IN, Public Improvement Revenue 6.12%, 1/15/2040 | 150,000 | 197,838 | ||||||
KANSAS — 0.2% | ||||||||
Kansas, State Department of Transportation, Highway Revenue 4.60%, 9/1/2035 | 160,000 | 184,490 | ||||||
KENTUCKY — 0.3% | ||||||||
Louisville & Jefferson County, KY, Metropolitan Sewer District Revenue 6.25%, 5/15/2043 | 250,000 | 332,818 | ||||||
LOUISIANA — 0.2% | ||||||||
East Baton Rouge, LA, Sewer Commission Revenue 6.09%, 2/1/2045 | 180,000 | 203,355 | ||||||
MARYLAND — 0.7% | ||||||||
Maryland, State Transportation Authority Revenue 5.89%, 7/1/2043 | 520,000 | 691,049 | ||||||
MASSACHUSETTS — 3.2% | ||||||||
Massachusetts, State General Obligation: | ||||||||
Series E 4.20%, 12/1/2021 | 580,000 | 660,899 | ||||||
Series D 4.50%, 8/1/2031 | 135,000 | 150,449 | ||||||
4.91%, 5/1/2029 | 200,000 | 233,816 | ||||||
5.46%, 12/1/2039 | 810,000 | 1,018,073 | ||||||
Massachusetts, State School Building Authority Revenue: | ||||||||
5.45%, 11/1/2040 | 320,000 | 396,294 | ||||||
5.72%, 8/15/2039 | 500,000 | 644,870 | ||||||
Massachusetts, State Water Pollution Abatement Trust 5.19%, 8/1/2040 | 230,000 | 269,631 | ||||||
3,374,032 | ||||||||
MICHIGAN — 0.3% | ||||||||
Michigan, State General Obligation Series B 7.63%, 9/15/2027 | 200,000 | 256,230 | ||||||
MISSISSIPPI — 0.2% | ||||||||
Mississippi, State General Obligation 5.25%, 11/1/2034 | 135,000 | 162,009 | ||||||
MISSOURI — 0.8% | ||||||||
Missouri, State Highways & Transportation Commission, State Road Revenue 5.45%, 5/1/2033 | 235,000 | 287,168 | ||||||
University of Missouri, Revenue: | ||||||||
5.79%, 11/1/2041 | 100,000 | 134,554 | ||||||
5.96%, 11/1/2039 | 350,000 | 457,100 | ||||||
878,822 | ||||||||
NEVADA — 1.2% | ||||||||
Clark County, NV, Airport Revenue: | ||||||||
6.82%, 7/1/2045 | 380,000 | 543,974 | ||||||
6.88%, 7/1/2042 | 345,000 | 393,158 | ||||||
Las Vegas Valley, NV, Water District, General Obligation 7.01%, 6/1/2039 | 255,000 | 346,527 | ||||||
1,283,659 | ||||||||
See accompanying notes to financial statements.
196
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
NEW JERSEY — 6.6% | ||||||||
New Jersey, State Transportation Trust Revenue: | ||||||||
5.75%, 12/15/2028 | $ | 700,000 | $ | 840,042 | ||||
6.10%, 12/15/2028 | 385,000 | 439,570 | ||||||
6.56%, 12/15/2040 | 415,000 | 555,448 | ||||||
6.88%, 12/15/2039 | 215,000 | 247,100 | ||||||
New Jersey, State Turnpike Authority Revenue: | ||||||||
7.10%, 1/1/2041 | 1,810,000 | 2,608,807 | ||||||
7.41%, 1/1/2040 | 1,255,000 | 1,852,305 | ||||||
Rutgers University, Revenue 5.67%, 5/1/2040 | 325,000 | 407,950 | ||||||
6,951,222 | ||||||||
NEW YORK — 15.0% | ||||||||
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue: | ||||||||
5.44%, 6/15/2043 | 425,000 | 532,627 | ||||||
5.72%, 6/15/2042 | 565,000 | 733,246 | ||||||
5.75%, 6/15/2041 | 365,000 | 473,299 | ||||||
5.79%, 6/15/2041 | 345,000 | 394,832 | ||||||
5.88%, 6/15/2044 | 530,000 | 707,142 | ||||||
5.95%, 6/15/2042 | 255,000 | 340,422 | ||||||
6.01%, 6/15/2042 | 215,000 | 288,973 | ||||||
6.28%, 6/15/2042 | 135,000 | 160,826 | ||||||
New York, NY, City Transitional Finance Authority Revenue: | ||||||||
5.51%, 8/1/2037 | 510,000 | 634,159 | ||||||
5.57%, 11/1/2038 | 450,000 | 560,831 | ||||||
5.77%, 8/1/2036 | 215,000 | 266,417 | ||||||
6.83%, 7/15/2040 | 265,000 | 351,599 | ||||||
New York, NY, General Obligation: | ||||||||
5.21%, 10/1/2031 | 280,000 | 329,417 | ||||||
5.52%, 10/1/2037 | 355,000 | 438,677 | ||||||
5.85%, 6/1/2040 | 275,000 | 357,426 | ||||||
Series G-1 5.97%, 3/1/2036 | 225,000 | 290,282 | ||||||
5.99%, 12/1/2036 | 615,000 | 780,318 | ||||||
6.25%, 6/1/2035 | 335,000 | 398,804 | ||||||
6.27%, 12/1/2037 | 335,000 | 448,582 | ||||||
6.65%, 12/1/2031 | 105,000 | 129,542 | ||||||
New York, NY, Metropolitan Transportation Authority Revenue: | ||||||||
5.87%, 11/15/2039 | 290,000 | 341,562 | ||||||
6.09%, 11/15/2040 | 285,000 | 364,293 | ||||||
6.55%, 11/15/2031 | 240,000 | 297,252 | ||||||
6.65%, 11/15/2039 | 245,000 | 316,628 | ||||||
6.67%, 11/15/2039 | 345,000 | 449,552 | ||||||
6.69%, 11/15/2040 | 315,000 | 406,640 | ||||||
6.81%, 11/15/2040 | 370,000 | 489,062 | ||||||
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund 7.34%, 11/15/2039 | 755,000 | 1,106,762 | ||||||
New York, State Dormitory Authority, State Personal Income Tax Revenue: | ||||||||
5.29%, 3/15/2033 | 75,000 | 88,925 | ||||||
5.39%, 3/15/2040 | 190,000 | 234,000 | ||||||
5.43%, 3/15/2039 | 525,000 | 641,224 | ||||||
5.50%, 3/15/2030 | 125,000 | 151,065 | ||||||
5.60%, 3/15/2040 | 435,000 | 552,111 | ||||||
5.63%, 3/15/2039 | 605,000 | 745,820 | ||||||
New York, State Urban Development Corp. Revenue: | ||||||||
5.77%, 3/15/2039 | 525,000 | 643,246 | ||||||
Series C 5.84%, 3/15/2040 | 250,000 | 314,130 | ||||||
15,759,693 | ||||||||
NORTH CAROLINA — 0.3% | ||||||||
North Carolina, Turnkpike Authority Revenue Series B 6.70%, 1/1/2039 | 250,000 | 289,870 | ||||||
OHIO — 4.3% | ||||||||
Ohio State University, General Receipts Revenue 4.91%, 6/1/2040 | 620,000 | 732,381 | ||||||
Ohio, American Municipal Power, Inc. Revenue: | ||||||||
5.94%, 2/15/2047 | 370,000 | 429,625 | ||||||
6.05%, 2/15/2043 | 245,000 | 287,672 | ||||||
Series E 6.27%, 2/15/2050 | 235,000 | 280,968 | ||||||
7.50%, 2/15/2050 | 175,000 | 237,745 | ||||||
7.83%, 2/15/2041 | 425,000 | 595,140 | ||||||
8.08%, 2/15/2050 | 780,000 | 1,145,687 | ||||||
Ohio, American Municipal Power, Inc., Revenue 6.45%, 2/15/2044 | 195,000 | 233,158 | ||||||
Ohio, Northeast Regional Sewer District, Wastewater Revenue 6.04%, 11/15/2040 | 205,000 | 236,820 | ||||||
Ohio, State Water Development Authority, Water Quality Loan Fund 4.88%, 12/1/2034 | 295,000 | 332,200 | ||||||
4,511,396 | ||||||||
OREGON — 0.2% | ||||||||
Oregon, State Department of Transportation Revenue 5.83%, 11/15/2034 | 175,000 | 229,423 | ||||||
PENNSYLVANIA — 2.3% | ||||||||
Pennsylvania, Commonwealth Financing Authority Revenue 6.22%, 6/1/2039 | 150,000 | 184,644 | ||||||
Pennsylvania, State General Obligation: | ||||||||
4.65%, 2/15/2026 | 315,000 | 363,529 | ||||||
5.35%, 5/1/2030 | 340,000 | 390,391 | ||||||
5.45%, 2/15/2030 | 210,000 | 256,593 | ||||||
5.85%, 7/15/2030 | 150,000 | 180,943 | ||||||
Pennsylvania, Turnpike Commission Revenue: | ||||||||
5.51%, 12/1/2045 | 395,000 | 470,157 | ||||||
5.56%, 12/1/2049 | 345,000 | 411,285 | ||||||
6.11%, 12/1/2039 | 100,000 | 125,924 | ||||||
2,383,466 | ||||||||
PUERTO RICO — 0.2% | ||||||||
Puerto Rico, Electric Power Authority Revenue 6.13%, 7/1/2040 | 165,000 | 167,455 | ||||||
See accompanying notes to financial statements.
197
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
SOUTH CAROLINA — 0.5% | ||||||||
South Carolina, State Public Service Authority Revenue Series C 6.45%, 1/1/2050 | $ | 405,000 | $ | 545,130 | ||||
TENNESSEE — 0.5% | ||||||||
Nashville & Davidson County, TN, Convention Center Authority Revenue 6.73%, 7/1/2043 | 255,000 | 308,073 | ||||||
Nashville & Davidson County, TN, Metropolitan Government, General Obligation 5.71%, 7/1/2034 | 195,000 | 245,443 | ||||||
553,516 | ||||||||
TEXAS — 10.3% | ||||||||
Dallas County, TX, Hospital District General Obligation 5.62%, 8/15/2044 | 325,000 | 418,587 | ||||||
Dallas, TX, Area Rapid Transit, Sales Tax Revenue: | ||||||||
4.92%, 12/1/2041 | 300,000 | 356,751 | ||||||
5.02%, 12/1/2048 | 485,000 | 581,001 | ||||||
6.00%, 12/1/2044 | 535,000 | 724,818 | ||||||
6.25%, 12/1/2034 | 170,000 | 195,495 | ||||||
Dallas, TX, Convention Center Hotel Development Corp. Revenue 7.09%, 1/1/2042 | 335,000 | 405,859 | ||||||
Dallas, TX, Independent School District, General Obligation 6.45%, 2/15/2035 (a) | 510,000 | 641,213 | ||||||
North Texas, Tollway Authority Revenue: | ||||||||
6.72%, 1/1/2049 | 850,000 | 1,146,701 | ||||||
8.91%, 2/1/2030 | 135,000 | 158,680 | ||||||
San Antonio, TX, Electric & Gas Revenue: | ||||||||
5.72%, 2/1/2041 | 150,000 | 193,575 | ||||||
5.81%, 2/1/2041 | 50,000 | 65,326 | ||||||
5.99%, 2/1/2039 | 620,000 | 810,067 | ||||||
Texas, State General Obligation: | ||||||||
4.63%, 4/1/2033 | 210,000 | 242,271 | ||||||
4.68%, 4/1/2040 | 270,000 | 316,316 | ||||||
5.52%, 4/1/2039 | 1,145,000 | 1,491,202 | ||||||
Texas, State Transportation Commission, Revenue 5.03%, 4/1/2026 | 325,000 | 395,655 | ||||||
Texas, State Transportation Commission, Revenue, Series B 5.18%, 4/1/2030 | 1,060,000 | 1,296,645 | ||||||
University of Texas, Revenue: | ||||||||
4.79%, 8/15/2046 | 255,000 | 302,172 | ||||||
5.13%, 8/15/2042 | 260,000 | 322,140 | ||||||
5.26%, 7/1/2039 | 210,000 | 265,146 | ||||||
Series B 6.28%, 8/15/2041 | 415,000 | 487,413 | ||||||
10,817,033 | ||||||||
UTAH — 1.2% | ||||||||
Utah, State General Obligation: | ||||||||
3.54%, 7/1/2025 | 405,000 | 434,873 | ||||||
4.55%, 7/1/2024 | 330,000 | 386,948 | ||||||
Utah, Transport Authority Sales Tax Revenue 5.94%, 6/15/2039 | 310,000 | 411,326 | ||||||
1,233,147 | ||||||||
VIRGINIA — 0.6% | ||||||||
University of Virginia, Revenue 6.20%, 9/1/2039 | 245,000 | 345,879 | ||||||
Virginia, Commonwealth Transportation Board Revenue 5.35%, 5/15/2035 | 260,000 | 315,874 | ||||||
661,753 | ||||||||
WASHINGTON — 1.7% | ||||||||
Central Puget Sound, WA, Regional Transit Authority, Sales & Use Tax Revenue 5.49%, 11/1/2039 | 335,000 | 417,561 | ||||||
Washington, State Convention Center, Public Facilities Revenue 6.79%, 7/1/2040 | 235,000 | 289,026 | ||||||
Washington, State General Obligation: | ||||||||
5.09%, 8/1/2033 | 245,000 | 290,982 | ||||||
5.14%, 8/1/2040 | 345,000 | 425,347 | ||||||
Series D 5.48%, 8/1/2039 | 260,000 | 327,467 | ||||||
1,750,383 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $95,605,293) | 103,455,396 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.8% | ||||||||
MONEY MARKET FUND — 0.8% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (b)(c)(d) (Cost $860,046) | 860,046 | 860,046 | ||||||
TOTAL INVESTMENTS — 99.5% (e) | ||||||||
(Cost $96,465,339) | 104,315,442 | |||||||
OTHER ASSETS & LIABILITIES — 0.5% | 556,506 | |||||||
NET ASSETS — 100.0% | $ | 104,871,948 | ||||||
(a) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Permanent School Fund Guaranteed | 0.61 | % | ||||
(b) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(c) | The rate shown is the annualized seven-day yield at period end. | |||||
(d) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(e) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
198
SPDR DB International Government Inflation-Protected Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 98.8% | ||||||||
AUSTRALIA — 4.5% | ||||||||
Commonwealth of Australia: | ||||||||
1.25%, 2/21/2022 | AUD | 14,221,200 | $ | 15,566,539 | ||||
2.50%, 9/20/2030 | AUD | 8,976,834 | 11,369,569 | |||||
3.00%, 9/20/2025 | AUD | 10,396,569 | 13,551,571 | |||||
4.00%, 8/20/2015 | AUD | 8,856,665 | 10,021,476 | |||||
4.00%, 8/20/2020 | AUD | 15,523,129 | 20,210,816 | |||||
70,719,971 | ||||||||
BRAZIL — 4.2% | ||||||||
Federal Republic of Brazil: | ||||||||
6.00%, 8/15/2014 | BRL | 555,351 | 291,046 | |||||
6.00%, 5/15/2017 | BRL | 47,451,432 | 26,449,407 | |||||
6.00%, 8/15/2022 | BRL | 8,885,620 | 5,280,150 | |||||
6.00%, 8/15/2024 | BRL | 36,319,972 | 21,901,979 | |||||
6.00%, 5/15/2035 | BRL | 19,588,349 | 12,487,733 | |||||
66,410,315 | ||||||||
CANADA — 4.4% | ||||||||
Government of Canada: | ||||||||
1.50%, 12/1/2044 | CAD | 8,033,504 | 10,709,185 | |||||
2.00%, 12/1/2041 | CAD | 7,174,380 | 10,418,039 | |||||
3.00%, 12/1/2036 | CAD | 9,955,418 | 16,323,946 | |||||
4.00%, 12/1/2031 | CAD | 6,211,155 | 10,786,894 | |||||
4.25%, 12/1/2021 | CAD | 6,957,073 | 9,849,802 | |||||
4.25%, 12/1/2026 | CAD | 7,808,088 | 12,573,093 | |||||
70,660,959 | ||||||||
CHILE — 4.4% | ||||||||
Republic of Chile: | ||||||||
3.00%, 5/1/2017 | CLP | 2,124,189,750 | 4,516,149 | |||||
3.00%, 7/1/2017 | CLP | 2,512,482,500 | 5,359,614 | |||||
3.00%, 1/1/2018 | CLP | 11,169,126,756 | 23,806,079 | |||||
3.00%, 3/1/2028 | CLP | 3,585,997,751 | 7,821,958 | |||||
3.00%, 1/1/2030 | CLP | 8,222,670,000 | 17,975,186 | |||||
3.00%, 2/1/2031 | CLP | 2,740,890,000 | 5,981,957 | |||||
5.00%, 1/1/2016 | CLP | 2,284,075,000 | 5,074,294 | |||||
70,535,237 | ||||||||
FRANCE — 16.4% | ||||||||
Republic of France: | ||||||||
0.10%, 7/25/2021 | EUR | 11,505,750 | 15,510,718 | |||||
0.25%, 7/25/2018 | EUR | 10,255,366 | 14,215,571 | |||||
1.00%, 7/25/2017 | EUR | 31,096,020 | 44,994,208 | |||||
1.10%, 7/25/2022 | EUR | 5,106,678 | 7,401,870 | |||||
1.60%, 7/25/2015 | EUR | 27,102,322 | 38,425,879 | |||||
1.80%, 7/25/2040 | EUR | 10,817,027 | 18,308,491 | |||||
1.85%, 7/25/2027 | EUR | 5,297,300 | 8,357,707 | |||||
2.25%, 7/25/2020 | EUR | 38,004,138 | 59,724,761 | |||||
3.15%, 7/25/2032 | EUR | 15,897,431 | 30,870,773 | |||||
3.40%, 7/25/2029 | EUR | 11,612,297 | 22,701,156 | |||||
260,511,134 | ||||||||
GERMANY — 4.5% | ||||||||
Federal Republic of Germany: | ||||||||
0.10%, 4/15/2023 | EUR | 12,006,540 | 16,632,610 | |||||
1.50%, 4/15/2016 | EUR | 22,898,778 | 32,767,960 | |||||
1.75%, 4/15/2020 | EUR | 14,641,339 | 22,870,366 | |||||
72,270,936 | ||||||||
ISRAEL — 4.6% | ||||||||
State of Israel: | ||||||||
1.00%, 5/30/2017 | ILS | 30,432,691 | 8,456,641 | |||||
2.75%, 8/30/2041 | ILS | 7,890,188 | 2,263,266 | |||||
4.00%, 7/30/2021 | ILS | 74,807,871 | 24,928,087 | |||||
4.00%, 7/31/2024 | ILS | 62,052,728 | 21,168,776 | |||||
4.00%, 5/30/2036 | ILS | 5,842,810 | 2,100,715 | |||||
5.00%, 4/30/2015 | ILS | 46,626,705 | 14,000,295 | |||||
72,917,780 | ||||||||
ITALY — 4.6% | ||||||||
Republic of Italy: | ||||||||
2.10%, 9/15/2016 | EUR | 7,692,178 | 10,289,838 | |||||
2.10%, 9/15/2017 | EUR | 7,774,988 | 10,311,024 | |||||
2.10%, 9/15/2021 | EUR | 6,345,803 | 7,877,716 | |||||
2.15%, 9/15/2014 | EUR | 4,838,120 | 6,531,665 | |||||
2.35%, 9/15/2019 | EUR | 3,241,960 | 4,248,983 | |||||
2.35%, 9/15/2035 | EUR | 8,725,831 | 9,602,504 | |||||
2.55%, 9/15/2041 | EUR | 6,460,740 | 7,210,949 | |||||
2.60%, 9/15/2023 | EUR | 7,094,442 | 8,898,743 | |||||
3.10%, 9/15/2026 | EUR | 6,831,760 | 8,749,394 | |||||
73,720,816 | ||||||||
JAPAN — 4.3% | ||||||||
Japanese Government CPI Linked Bond: | ||||||||
1.10%, 12/10/2016 (a) | JPY | 4,090,067,700 | 50,850,897 | |||||
1.40%, 6/10/2018 (a) | JPY | 1,359,875,000 | 17,347,390 | |||||
68,198,287 | ||||||||
MEXICO — 4.6% | ||||||||
United Mexican States: | ||||||||
2.00%, 6/9/2022 | MXN | 177,923,776 | 14,384,737 | |||||
2.50%, 12/10/2020 | MXN | 48,746,240 | 4,097,070 | |||||
4.50%, 11/22/2035 | MXN | 310,557,420 | 32,787,412 | |||||
5.00%, 6/16/2016 | MXN | 255,162,193 | 22,231,689 | |||||
73,500,908 | ||||||||
POLAND — 4.4% | ||||||||
Republic of Poland: | ||||||||
2.75%, 8/25/2023 | PLN | 109,544,755 | 40,175,377 | |||||
3.00%, 8/24/2016 | PLN | 86,280,134 | 30,080,540 | |||||
70,255,917 | ||||||||
SOUTH AFRICA — 4.8% | ||||||||
Republic of South Africa: | ||||||||
2.50%, 1/31/2017 | ZAR | 224,328,207 | 29,278,728 | |||||
2.50%, 12/31/2050 | ZAR | 109,181,837 | 14,951,062 | |||||
3.45%, 12/7/2033 | ZAR | 208,509,011 | 32,529,453 | |||||
76,759,243 | ||||||||
SOUTH KOREA — 4.0% | ||||||||
Republic of South Korea: | ||||||||
1.50%, 6/10/2021 | KRW | 21,798,000,000 | 21,695,757 | |||||
2.75%, 3/10/2017 | KRW | 19,882,966,368 | 20,144,882 | |||||
2.75%, 6/10/2020 | KRW | 19,747,910,000 | 21,198,063 | |||||
63,038,702 | ||||||||
SWEDEN — 5.4% | ||||||||
Kingdom of Sweden: | ||||||||
0.25%, 6/1/2022 | SEK | 112,688,256 | 17,708,247 | |||||
0.50%, 6/1/2017 | SEK | 58,149,168 | 9,193,050 |
See accompanying notes to financial statements.
199
SPDR DB International Government Inflation-Protected Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.50%, 12/1/2015 | SEK | 111,281,791 | $ | 18,926,019 | ||||
3.50%, 12/1/2028 | SEK | 106,474,417 | 24,868,064 | |||||
4.00%, 12/1/2020 | SEK | 77,391,466 | 15,662,086 | |||||
86,357,466 | ||||||||
TURKEY — 4.5% | ||||||||
Republic of Turkey: | ||||||||
3.00%, 2/23/2022 | TRY | 21,562,372 | 13,924,264 | |||||
4.00%, 4/1/2020 | TRY | 37,507,539 | 25,009,229 | |||||
9.00%, 5/21/2014 | TRY | 51,782,782 | 32,395,067 | |||||
71,328,560 | ||||||||
UNITED KINGDOM — 19.2% | ||||||||
United Kingdom Treasury Bond: | ||||||||
0.13%, 3/22/2044 | GBP | 9,116,280 | 14,660,378 | |||||
0.25%, 3/22/2052 | GBP | 7,862,220 | 13,231,245 | |||||
0.38%, 3/22/2062 | GBP | 5,752,851 | 10,433,813 | |||||
0.50%, 3/22/2050 | GBP | 7,709,556 | 14,098,564 | |||||
0.63%, 3/22/2040 | GBP | 1,134,080 | 2,105,937 | |||||
0.63%, 11/22/2042 | GBP | 6,096,581 | 11,470,476 | |||||
0.75%, 11/22/2047 | GBP | 6,624,437 | 13,011,870 | |||||
1.13%, 11/22/2037 | GBP | 6,993,562 | 14,428,715 | |||||
1.25%, 11/22/2017 | GBP | 14,795,994 | 27,466,130 | |||||
1.25%, 11/22/2027 | GBP | 25,293,547 | 51,083,554 | |||||
1.25%, 11/22/2032 | GBP | 4,998,578 | 10,334,636 | |||||
1.25%, 11/22/2055 | GBP | 6,170,808 | 14,660,803 | |||||
1.88%, 11/22/2022 | GBP | 16,936,890 | 35,288,594 | |||||
2.00%, 1/26/2035 | GBP | 8,398,823 | 19,730,763 | |||||
2.50%, 7/26/2016 | GBP | 5,167,410 | 9,709,232 | |||||
2.50%, 4/16/2020 | GBP | 4,920,582 | 10,165,558 | |||||
4.13%, 7/22/2030 | GBP | 11,965,693 | 34,484,595 | |||||
306,364,863 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $1,430,035,113) | 1,573,551,094 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 1.3% | ||||||||
MONEY MARKET FUND — 1.3% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (b)(c)(d) (Cost $20,886,384) | 20,886,384 | 20,886,384 | ||||||
TOTAL INVESTMENTS — 100.1% (e) | ||||||||
(Cost $1,450,921,497) | 1,594,437,478 | |||||||
OTHER ASSETS & LIABILITIES — (0.1)% | (1,241,053 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,593,196,425 | ||||||
(a) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(b) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(c) | The rate shown is the annualized seven-day yield at period end. | |||||
(d) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(e) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
At December 31, 2012, Open Forward Foreign Currency Exchange Contracts were as follows:
Forward Foreign Currency Contracts to Buy:
Net Unrealized | ||||||||||||||||||||
Value at | In Exchange | Appreciation/ | ||||||||||||||||||
Settlement Date | Contracts to Deliver | December 31, 2012 | for U.S. $ | (Depreciation) | Counterparty | |||||||||||||||
1/15/2013 | 7,000,000 | BRL | $ | 3,413,552 | $ | 3,351,688 | $ | 61,864 | Barclays Bank PLC | |||||||||||
1/15/2013 | 15,000,000,000 | KRW | 14,005,766 | 13,846,580 | 159,186 | BNP Paribas SA | ||||||||||||||
$ | 221,050 | |||||||||||||||||||
Forward Foreign Currency Contracts to Sell:
Net Unrealized | ||||||||||||||||||||
Value at | In Exchange | Appreciation/ | ||||||||||||||||||
Settlement Date | Contracts to Deliver | December 31, 2012 | for U.S. $ | (Depreciation) | Counterparty | |||||||||||||||
1/15/2013 | 5,000,000,000 | KRW | $ | 4,668,588 | $ | 4,640,371 | $ | (28,217 | ) | BNP Paribas SA | ||||||||||
1/15/2013 | 10,000,000,000 | KRW | 9,337,177 | 9,288,932 | (48,245 | ) | BNP Paribas SA | |||||||||||||
$ | (76,462 | ) | ||||||||||||||||||
$ | 144,588 | |||||||||||||||||||
AUD — Australian Dollar
BRL — Brazilian Real
CAD — Canadian Dollar
See accompanying notes to financial statements.
200
SPDR DB International Government Inflation-Protected Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
CLP — Chilean Peso
EUR — Euro Currency
GBP — Great British Pound
ILS — Israeli Shekel
JPY — Japanese Yen
KRW — South Korean Won
MXN — Mexican Peso
PLN — Polish Zloty
SEK — Swedish Krona
TRY — Turkish Lira
ZAR — South African Rand
See accompanying notes to financial statements.
201
SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 97.3% | ||||||||
AUSTRALIA — 3.4% | ||||||||
Commonwealth of Australia: | ||||||||
4.50%, 10/21/2014 | AUD | 2,100,000 | $ | 2,251,054 | ||||
4.75%, 10/21/2015 | AUD | 1,300,000 | 1,424,795 | |||||
6.25%, 6/15/2014 | AUD | 2,125,000 | 2,319,726 | |||||
6.25%, 4/15/2015 | AUD | 2,400,000 | 2,688,297 | |||||
8,683,872 | ||||||||
AUSTRIA — 3.4% | ||||||||
Republic of Austria: | ||||||||
3.40%, 10/20/2014 (a) | EUR | 2,900,000 | 4,048,939 | |||||
3.50%, 7/15/2015 (a) | EUR | 2,350,000 | 3,357,873 | |||||
4.30%, 7/15/2014 (a) | EUR | 900,000 | 1,260,898 | |||||
8,667,710 | ||||||||
BELGIUM — 4.1% | ||||||||
Kingdom of Belgium: | ||||||||
3.50%, 3/28/2015 | EUR | 2,150,000 | 3,044,488 | |||||
3.75%, 9/28/2015 | EUR | 1,080,000 | 1,559,821 | |||||
4.00%, 3/28/2014 | EUR | 1,005,000 | 1,388,194 | |||||
4.25%, 9/28/2014 | EUR | 3,250,000 | 4,591,764 | |||||
10,584,267 | ||||||||
CANADA — 4.6% | ||||||||
Government of Canada: | ||||||||
1.00%, 2/1/2014 | CAD | 550,000 | 551,707 | |||||
1.00%, 11/1/2014 | CAD | 2,050,000 | 2,053,685 | |||||
1.00%, 2/1/2015 | CAD | 1,650,000 | 1,652,237 | |||||
1.50%, 8/1/2015 | CAD | 2,350,000 | 2,377,047 | |||||
2.00%, 3/1/2014 | CAD | 500,000 | 507,271 | |||||
2.25%, 8/1/2014 | CAD | 1,450,000 | 1,481,645 | |||||
3.00%, 6/1/2014 | CAD | 2,100,000 | 2,164,116 | |||||
4.50%, 6/1/2015 | CAD | 1,000,000 | 1,083,760 | |||||
11,871,468 | ||||||||
DENMARK — 2.9% | ||||||||
Kingdom of Denmark: | ||||||||
2.00%, 11/15/2014 | DKK | 15,850,000 | 2,911,038 | |||||
4.00%, 11/15/2015 | DKK | 23,500,000 | 4,631,499 | |||||
7,542,537 | ||||||||
FRANCE — 4.6% | ||||||||
French Treasury Note: | ||||||||
0.75%, 9/25/2014 | EUR | 1,000,000 | 1,333,897 | |||||
2.00%, 7/12/2015 | EUR | 1,000,000 | 1,379,864 | |||||
Republic of France: | ||||||||
2.50%, 1/12/2014 | EUR | 450,000 | 608,129 | |||||
2.50%, 1/15/2015 | EUR | 1,300,000 | 1,796,960 | |||||
3.00%, 7/12/2014 | EUR | 500,000 | 688,599 | |||||
3.00%, 10/25/2015 | EUR | 1,100,000 | 1,563,620 | |||||
3.50%, 4/25/2015 | EUR | 500,000 | 710,314 | |||||
4.00%, 4/25/2014 | EUR | 1,400,000 | 1,940,435 | |||||
4.00%, 10/25/2014 | EUR | 1,200,000 | 1,694,250 | |||||
11,716,068 | ||||||||
GERMANY — 9.6% | ||||||||
Bundesobligation 1.75%, 10/9/2015 | EUR | 850,000 | 1,174,877 | |||||
Bundesschatzanweisungen Zero Coupon, 12/12/2014 (b) | EUR | 1,500,000 | 1,977,707 | |||||
Federal Republic of Germany: | ||||||||
Zero Coupon, 6/13/2014 (b) | EUR | 1,100,000 | 1,450,124 | |||||
Zero Coupon, 9/12/2014 (b) | EUR | 850,000 | 1,120,676 | |||||
0.25%, 3/14/2014 | EUR | 1,150,000 | 1,520,515 | |||||
2.25%, 4/11/2014 | EUR | 900,000 | 1,220,231 | |||||
2.25%, 4/10/2015 | EUR | 1,450,000 | 2,009,797 | |||||
2.50%, 10/10/2014 | EUR | 1,300,000 | 1,789,717 | |||||
2.50%, 2/27/2015 | EUR | 1,550,000 | 2,154,200 | |||||
3.25%, 7/4/2015 | EUR | 1,500,000 | 2,138,281 | |||||
3.75%, 1/4/2015 | EUR | 1,250,000 | 1,772,096 | |||||
4.25%, 1/4/2014 | EUR | 2,000,000 | 2,748,896 | |||||
4.25%, 7/4/2014 | EUR | 2,525,000 | 3,540,959 | |||||
24,618,076 | ||||||||
ITALY — 10.7% | ||||||||
Italy Certificati di Credito del Tesoro Zero Coupon, 9/30/2014 (b) | EUR | 1,800,000 | 2,289,950 | |||||
Republic of Italy: | ||||||||
Zero Coupon, 1/31/2014 (b) | EUR | 600,000 | 777,257 | |||||
Zero Coupon, 5/30/2014 (b) | EUR | 1,000,000 | 1,282,570 | |||||
2.50%, 3/1/2015 | EUR | 1,350,000 | 1,791,162 | |||||
3.00%, 4/1/2014 | EUR | 1,750,000 | 2,342,270 | |||||
3.00%, 4/15/2015 | EUR | 1,500,000 | 2,008,174 | |||||
3.00%, 6/15/2015 | EUR | 1,300,000 | 1,740,657 | |||||
3.00%, 11/1/2015 | EUR | 1,500,000 | 2,009,173 | |||||
3.50%, 6/1/2014 | EUR | 1,850,000 | 2,493,431 | |||||
3.75%, 8/1/2015 | EUR | 1,100,000 | 1,498,388 | |||||
4.25%, 7/1/2014 | EUR | 300,000 | 409,284 | |||||
4.25%, 8/1/2014 | EUR | 2,650,000 | 3,618,139 | |||||
4.25%, 2/1/2015 | EUR | 600,000 | 825,055 | |||||
4.50%, 7/15/2015 | EUR | 1,300,000 | 1,800,604 | |||||
6.00%, 11/15/2014 | EUR | 1,900,000 | 2,688,073 | |||||
27,574,187 | ||||||||
JAPAN — 21.9% | ||||||||
Government of Japan 2 Year Bond: | ||||||||
0.10%, 3/15/2014 | JPY | 475,000,000 | 5,493,201 | |||||
0.10%, 4/15/2014 | JPY | 70,000,000 | 809,532 | |||||
0.10%, 5/15/2014 | JPY | 80,000,000 | 925,190 | |||||
0.10%, 6/15/2014 | JPY | 80,000,000 | 925,202 | |||||
0.10%, 9/15/2014 | JPY | 160,000,000 | 1,850,497 | |||||
0.10%, 11/15/2014 | JPY | 600,000,000 | 6,939,654 | |||||
Government of Japan 5 Year Bond: | ||||||||
0.30%, 6/20/2015 | JPY | 230,000,000 | 2,673,597 | |||||
0.40%, 6/20/2015 | JPY | 160,000,000 | 1,864,440 | |||||
0.40%, 9/20/2015 | JPY | 650,000,000 | 7,579,181 | |||||
0.50%, 12/20/2014 | JPY | 420,000,000 | 4,896,894 | |||||
0.50%, 3/20/2015 | JPY | 125,000,000 | 1,458,794 | |||||
0.70%, 6/20/2014 | JPY | 284,250,000 | 3,316,140 | |||||
0.70%, 9/20/2014 | JPY | 165,000,000 | 1,928,196 | |||||
0.80%, 3/20/2014 | JPY | 198,950,000 | 2,320,229 |
See accompanying notes to financial statements.
202
SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Government of Japan 10 Year Bond: | ||||||||
1.30%, 3/20/2015 | JPY | 330,000,000 | $ | 3,918,556 | ||||
1.50%, 3/20/2014 | JPY | 327,950,000 | 3,856,725 | |||||
1.50%, 9/20/2014 | JPY | 455,000,000 | 5,388,076 | |||||
56,144,104 | ||||||||
MEXICO — 2.8% | ||||||||
Mexican Bonos: | ||||||||
6.00%, 6/18/2015 | MXN | 22,500,000 | 1,779,806 | |||||
8.00%, 12/17/2015 | MXN | 35,000,000 | 2,921,446 | |||||
9.50%, 12/18/2014 | MXN | 30,000,000 | 2,514,518 | |||||
7,215,770 | ||||||||
NETHERLANDS — 4.5% | ||||||||
Kingdom of the Netherlands: | ||||||||
0.75%, 4/15/2015 (a) | EUR | 1,750,000 | 2,342,129 | |||||
1.00%, 1/15/2014 (a) | EUR | 1,850,000 | 2,463,107 | |||||
2.75%, 1/15/2015 (a) | EUR | 1,600,000 | 2,224,101 | |||||
3.25%, 7/15/2015 (a) | EUR | 1,800,000 | 2,564,591 | |||||
3.75%, 7/15/2014 (a) | EUR | 1,450,000 | 2,019,696 | |||||
11,613,624 | ||||||||
POLAND — 3.2% | ||||||||
Republic of Poland: | ||||||||
Zero Coupon, 1/25/2014 (b) | PLN | 4,000,000 | 1,251,478 | |||||
Zero Coupon, 7/25/2014 (b) | PLN | 3,500,000 | 1,078,125 | |||||
5.50%, 4/25/2015 | PLN | 5,750,000 | 1,955,454 | |||||
5.75%, 4/25/2014 | PLN | 6,275,000 | 2,094,782 | |||||
6.25%, 10/24/2015 | PLN | 5,500,000 | 1,925,027 | |||||
8,304,866 | ||||||||
SINGAPORE — 2.6% | ||||||||
Government of Singapore: | ||||||||
0.25%, 2/1/2014 | SGD | 1,000,000 | 818,521 | |||||
1.38%, 10/1/2014 | SGD | 2,150,000 | 1,794,313 | |||||
2.88%, 7/1/2015 | SGD | 2,650,000 | 2,311,472 | |||||
3.63%, 7/1/2014 | SGD | 2,125,000 | 1,828,525 | |||||
6,752,831 | ||||||||
SOUTH AFRICA — 2.7% | ||||||||
Republic of South Africa: | ||||||||
7.50%, 1/15/2014 | ZAR | 3,000,000 | 362,235 | |||||
8.75%, 12/21/2014 | ZAR | 19,650,000 | 2,474,855 | |||||
13.50%, 9/15/2015 | ZAR | 28,000,000 | 3,969,367 | |||||
6,806,457 | ||||||||
SOUTH KOREA — 4.4% | ||||||||
Korea Treasury Bond: | ||||||||
3.00%, 12/10/2013 | KRW | 1,895,000,000 | 1,773,660 | |||||
3.25%, 12/10/2014 | KRW | 2,690,000,000 | 2,532,973 | |||||
3.25%, 6/10/2015 | KRW | 4,000,000,000 | 3,772,922 | |||||
3.50%, 6/10/2014 | KRW | 2,290,000,000 | 2,159,681 | |||||
5.00%, 9/10/2014 | KRW | 1,100,000,000 | 1,064,034 | |||||
11,303,270 | ||||||||
SPAIN — 4.6% | ||||||||
Kingdom of Spain: | ||||||||
3.00%, 4/30/2015 | EUR | 1,550,000 | 2,037,799 | |||||
3.30%, 10/31/2014 | EUR | 1,900,000 | 2,520,792 | |||||
3.40%, 4/30/2014 | EUR | 1,150,000 | 1,526,986 | |||||
4.00%, 7/30/2015 | EUR | 1,200,000 | 1,610,842 | |||||
4.25%, 1/31/2014 | EUR | 650,000 | 869,701 | |||||
4.40%, 1/31/2015 | EUR | 1,000,000 | 1,357,029 | |||||
4.75%, 7/30/2014 | EUR | 1,000,000 | 1,355,579 | |||||
Spain Government Bond 3.75%, 10/31/2015 | EUR | 300,000 | 398,004 | |||||
11,676,732 | ||||||||
SWEDEN — 2.8% | ||||||||
Kingdom of Sweden: | ||||||||
4.50%, 8/12/2015 | SEK | 20,000,000 | 3,362,762 | |||||
6.75%, 5/5/2014 | SEK | 22,275,000 | 3,695,230 | |||||
7,057,992 | ||||||||
UNITED KINGDOM — 4.5% | ||||||||
United Kingdom Treasury Bond: | ||||||||
2.25%, 3/7/2014 | GBP | 1,650,000 | 2,742,423 | |||||
2.75%, 1/22/2015 | GBP | 2,900,000 | 4,945,596 | |||||
4.75%, 9/7/2015 | GBP | 1,350,000 | 2,451,723 | |||||
5.00%, 9/7/2014 | GBP | 750,000 | 1,314,742 | |||||
11,454,484 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $248,163,750) | 249,588,315 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.2% | ||||||||
MONEY MARKET FUND — 0.2% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d)(e) (Cost $472,660) | 472,660 | 472,660 | ||||||
TOTAL INVESTMENTS — 97.5% (f) | ||||||||
(Cost $248,636,410) | 250,060,975 | |||||||
OTHER ASSETS & LIABILITIES — 2.5% | 6,417,823 | |||||||
NET ASSETS — 100.0% | $ | 256,478,798 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 7.9% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | Non-income producing security. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
AUD — Australian Dollar
CAD — Canadian Dollar
DKK — Danish Krone
EUR — Euro Currency
GBP — Great British Pound
See accompanying notes to financial statements.
203
SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
JPY — Japanese Yen
KRW — South Korean Won
MXN — Mexican Peso
PLN — Polish Zloty
SEK — Swedish Krona
SGD — Singapore Dollar
ZAR — South African Rand
See accompanying notes to financial statements.
204
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 98.0% | ||||||||
AUSTRALIA — 4.1% | ||||||||
Commonwealth of Australia: | ||||||||
2.75%, 4/21/2024 | AUD | 1,500,000 | $ | 1,463,955 | ||||
4.25%, 7/21/2017 | AUD | 3,300,000 | 3,642,825 | |||||
4.50%, 10/21/2014 | AUD | 5,500,000 | 5,895,618 | |||||
4.50%, 4/15/2020 | AUD | 6,250,000 | 7,102,518 | |||||
4.75%, 10/21/2015 | AUD | 700,000 | 767,197 | |||||
4.75%, 6/15/2016 | AUD | 6,050,000 | 6,703,700 | |||||
4.75%, 4/21/2027 | AUD | 2,900,000 | 3,385,199 | |||||
5.25%, 3/15/2019 | AUD | 7,285,000 | 8,548,325 | |||||
5.50%, 1/21/2018 | AUD | 4,025,000 | 4,700,429 | |||||
5.50%, 4/21/2023 | AUD | 3,500,000 | 4,333,185 | |||||
5.75%, 5/15/2021 | AUD | 6,350,000 | 7,853,198 | |||||
5.75%, 7/15/2022 | AUD | 3,500,000 | 4,381,150 | |||||
5.75%, 7/15/2022 | AUD | 2,100,000 | 2,628,690 | |||||
6.00%, 2/15/2017 | AUD | 5,630,000 | 6,590,601 | |||||
6.25%, 6/15/2014 | AUD | 6,300,000 | 6,877,305 | |||||
6.25%, 4/15/2015 | AUD | 5,250,000 | 5,880,650 | |||||
80,754,545 | ||||||||
AUSTRIA — 4.4% | ||||||||
Republic of Austria: | ||||||||
1.95%, 6/18/2019 (a) | EUR | 1,200,000 | 1,666,619 | |||||
3.15%, 6/20/2044 (a) | EUR | 1,400,000 | 2,065,806 | |||||
3.20%, 2/20/2017 (a) | EUR | 4,950,000 | 7,244,929 | |||||
3.40%, 10/20/2014 (a) | EUR | 4,150,000 | 5,794,171 | |||||
3.40%, 11/22/2022 (a) | EUR | 3,700,000 | 5,602,135 | |||||
3.50%, 7/15/2015 (a) | EUR | 3,500,000 | 5,001,088 | |||||
3.50%, 9/15/2021 (a) | EUR | 6,000,000 | 9,159,628 | |||||
3.65%, 4/20/2022 (a) | EUR | 1,500,000 | 2,312,527 | |||||
3.65%, 4/20/2022 (a) | EUR | 375,000 | 578,132 | |||||
3.80%, 1/26/2062 (a) | EUR | 700,000 | 1,201,728 | |||||
3.90%, 7/15/2020 (a) | EUR | 4,600,000 | 7,168,964 | |||||
4.00%, 9/15/2016 (a) | EUR | 4,200,000 | 6,270,749 | |||||
4.15%, 3/15/2037 (a) | EUR | 3,925,000 | 6,676,943 | |||||
4.30%, 7/15/2014 (a) | EUR | 2,400,000 | 3,362,395 | |||||
4.30%, 9/15/2017 (a) | EUR | 3,800,000 | 5,870,124 | |||||
4.65%, 1/15/2018 (a) | EUR | 5,545,000 | 8,736,814 | |||||
4.85%, 3/15/2026 (a) | EUR | 1,700,000 | 2,950,197 | |||||
6.25%, 7/15/2027 (a) | EUR | 2,915,000 | 5,777,672 | |||||
87,440,621 | ||||||||
BELGIUM — 4.6% | ||||||||
Kingdom of Belgium: | ||||||||
2.75%, 3/28/2016 | EUR | 1,600,000 | 2,270,813 | |||||
3.00%, 9/28/2019 | EUR | 1,300,000 | 1,893,395 | |||||
3.25%, 9/28/2016 | EUR | 2,925,000 | 4,249,434 | |||||
3.50%, 3/28/2015 | EUR | 2,650,000 | 3,752,509 | |||||
3.50%, 6/28/2017 | EUR | 5,900,000 | 8,719,768 | |||||
3.75%, 9/28/2015 | EUR | 4,425,000 | 6,390,932 | |||||
4.00%, 3/28/2014 | EUR | 1,300,000 | 1,795,674 | |||||
4.00%, 3/28/2017 (a) | EUR | 500,000 | 751,160 | |||||
4.00%, 3/28/2019 | EUR | 4,220,000 | 6,503,750 | |||||
4.00%, 3/28/2022 | EUR | 5,750,000 | 8,910,474 | |||||
4.00%, 3/28/2032 | EUR | 500,000 | 772,836 | |||||
4.25%, 9/28/2014 | EUR | 3,725,000 | 5,262,868 | |||||
4.25%, 9/28/2021 | EUR | 3,750,000 | 5,904,620 | |||||
4.25%, 9/28/2022 | EUR | 3,100,000 | 4,877,842 | |||||
4.25%, 3/28/2041 | EUR | 2,775,000 | 4,485,908 | |||||
4.50%, 3/28/2026 | EUR | 2,300,000 | 3,734,454 | |||||
5.00%, 3/28/2035 | EUR | 4,975,000 | 8,705,356 | |||||
5.50%, 9/28/2017 | EUR | 4,200,000 | 6,751,884 | |||||
5.50%, 3/28/2028 | EUR | 3,020,000 | 5,440,933 | |||||
91,174,610 | ||||||||
CANADA — 4.5% | ||||||||
Government of Canada: | ||||||||
0.75%, 5/1/2014 | CAD | 3,500,000 | 3,497,856 | |||||
1.00%, 2/1/2014 | CAD | 4,000,000 | 4,012,413 | |||||
1.00%, 11/1/2014 | CAD | 1,000,000 | 1,001,798 | |||||
1.50%, 8/1/2015 | CAD | 3,000,000 | 3,034,528 | |||||
1.50%, 3/1/2017 | CAD | 3,900,000 | 3,939,247 | |||||
1.50%, 9/1/2017 | CAD | 3,050,000 | 3,079,406 | |||||
1.50%, 6/1/2023 | CAD | 900,000 | 869,666 | |||||
2.00%, 3/1/2014 | CAD | 4,750,000 | 4,819,077 | |||||
2.00%, 12/1/2014 | CAD | 4,500,000 | 4,591,925 | |||||
2.75%, 9/1/2016 | CAD | 2,800,000 | 2,954,468 | |||||
2.75%, 6/1/2022 | CAD | 3,300,000 | 3,586,020 | |||||
3.00%, 6/1/2014 | CAD | 5,250,000 | 5,410,289 | |||||
3.25%, 6/1/2021 | CAD | 3,000,000 | 3,376,198 | |||||
3.50%, 6/1/2020 | CAD | 3,000,000 | 3,404,158 | |||||
3.50%, 12/1/2045 | CAD | 900,000 | 1,138,698 | |||||
3.75%, 6/1/2019 | CAD | 3,575,000 | 4,070,409 | |||||
4.00%, 6/1/2016 | CAD | 7,530,000 | 8,240,726 | |||||
4.00%, 6/1/2041 | CAD | 4,475,000 | 6,006,666 | |||||
4.25%, 6/1/2018 | CAD | 1,500,000 | 1,726,409 | |||||
4.50%, 6/1/2015 | CAD | 4,750,000 | 5,147,861 | |||||
5.00%, 6/1/2037 | CAD | 4,100,000 | 6,092,146 | |||||
5.75%, 6/1/2029 | CAD | 3,990,000 | 5,953,022 | |||||
5.75%, 6/1/2033 | CAD | 1,000,000 | 1,559,345 | |||||
8.00%, 6/1/2027 | CAD | 1,000,000 | 1,735,392 | |||||
89,247,723 | ||||||||
DENMARK — 3.4% | ||||||||
Kingdom of Denmark: | ||||||||
1.50%, 11/15/2023 | DKK | 7,000,000 | 1,254,268 | |||||
2.00%, 11/15/2014 | DKK | 32,500,000 | 5,969,006 | |||||
2.50%, 11/15/2016 | DKK | 3,000,000 | 579,465 | |||||
3.00%, 11/15/2021 | DKK | 48,650,000 | 10,000,308 | |||||
4.00%, 11/15/2015 | DKK | 53,900,000 | 10,622,884 | |||||
4.00%, 11/15/2017 | DKK | 33,580,000 | 7,007,659 | |||||
4.00%, 11/15/2019 | DKK | 49,100,000 | 10,623,407 | |||||
4.50%, 11/15/2039 | DKK | 62,485,000 | 16,856,508 | |||||
7.00%, 11/10/2024 | DKK | 14,300,000 | 4,113,690 | |||||
67,027,195 | ||||||||
FRANCE — 10.4% | ||||||||
French Treasury Note: | ||||||||
0.75%, 9/25/2014 | EUR | 2,750,000 | 3,668,216 | |||||
1.00%, 7/25/2017 | EUR | 2,600,000 | 3,484,386 | |||||
1.75%, 2/25/2017 | EUR | 3,050,000 | 4,225,394 | |||||
2.00%, 7/12/2015 | EUR | 3,275,000 | 4,519,055 | |||||
2.25%, 2/25/2016 | EUR | 4,000,000 | 5,602,183 | |||||
2.50%, 7/25/2016 | EUR | 5,300,000 | 7,514,380 | |||||
Republic of France: | ||||||||
2.50%, 1/12/2014 | EUR | 2,500,000 | 3,378,493 | |||||
2.50%, 1/15/2015 | EUR | 3,780,000 | 5,225,006 | |||||
2.50%, 10/25/2020 | EUR | 4,600,000 | 6,502,848 | |||||
2.75%, 10/25/2027 | EUR | 2,000,000 | 2,708,822 |
See accompanying notes to financial statements.
205
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.00%, 7/12/2014 | EUR | 3,800,000 | $ | 5,233,353 | ||||
3.00%, 10/25/2015 | EUR | 4,450,000 | 6,325,554 | |||||
3.00%, 4/25/2022 | EUR | 5,900,000 | 8,517,237 | |||||
3.25%, 4/25/2016 | EUR | 4,450,000 | 6,437,259 | |||||
3.25%, 10/25/2021 | EUR | 4,500,000 | 6,649,567 | |||||
3.50%, 4/25/2015 | EUR | 3,900,000 | 5,540,453 | |||||
3.50%, 4/25/2020 | EUR | 5,750,000 | 8,693,231 | |||||
3.50%, 4/25/2026 | EUR | 4,500,000 | 6,672,621 | |||||
3.75%, 4/25/2017 | EUR | 3,550,000 | 5,316,845 | |||||
3.75%, 10/25/2019 | EUR | 4,030,000 | 6,182,225 | |||||
3.75%, 4/25/2021 | EUR | 4,100,000 | 6,287,560 | |||||
4.00%, 4/25/2014 | EUR | 4,600,000 | 6,375,715 | |||||
4.00%, 10/25/2014 | EUR | 2,100,000 | 2,964,937 | |||||
4.00%, 4/25/2018 | EUR | 3,750,000 | 5,759,020 | |||||
4.00%, 10/25/2038 | EUR | 3,250,000 | 5,089,915 | |||||
4.00%, 4/25/2055 | EUR | 2,150,000 | 3,391,778 | |||||
4.00%, 4/25/2060 | EUR | 1,600,000 | 2,529,076 | |||||
4.25%, 10/25/2017 | EUR | 3,250,000 | 5,004,219 | |||||
4.25%, 10/25/2018 | EUR | 3,500,000 | 5,464,918 | |||||
4.25%, 4/25/2019 | EUR | 4,000,000 | 6,279,857 | |||||
4.25%, 10/25/2023 | EUR | 6,000,000 | 9,517,479 | |||||
4.50%, 4/25/2041 | EUR | 2,950,000 | 5,013,365 | |||||
4.75%, 4/25/2035 | EUR | 3,325,000 | 5,742,622 | |||||
5.00%, 10/25/2016 | EUR | 3,850,000 | 5,953,256 | |||||
5.50%, 4/25/2029 | EUR | 3,250,000 | 5,937,877 | |||||
5.75%, 10/25/2032 | EUR | 3,185,000 | 6,144,130 | |||||
6.00%, 10/25/2025 | EUR | 100,000 | 185,842 | |||||
8.50%, 4/25/2023 | EUR | 2,250,000 | 4,747,665 | |||||
204,786,359 | ||||||||
GERMANY — 4.6% | ||||||||
Federal Republic of Germany: | ||||||||
Zero Coupon, 6/13/2014 (b) | EUR | 1,300,000 | 1,713,783 | |||||
Zero Coupon, 9/12/2014 (b) | EUR | 2,300,000 | 3,032,418 | |||||
0.25%, 3/14/2014 | EUR | 1,250,000 | 1,652,733 | |||||
0.50%, 4/7/2017 | EUR | 1,450,000 | 1,934,080 | |||||
0.50%, 10/13/2017 | EUR | 1,200,000 | 1,597,317 | |||||
0.75%, 2/24/2017 | EUR | 1,000,000 | 1,349,159 | |||||
1.25%, 10/14/2016 | EUR | 750,000 | 1,030,600 | |||||
1.50%, 9/4/2022 | EUR | 1,300,000 | 1,743,765 | |||||
1.75%, 7/4/2022 | EUR | 2,200,000 | 3,021,494 | |||||
2.00%, 1/4/2022 | EUR | 250,000 | 352,235 | |||||
2.25%, 4/11/2014 | EUR | 2,450,000 | 3,321,741 | |||||
2.25%, 4/10/2015 | EUR | 3,130,000 | 4,338,390 | |||||
2.50%, 10/10/2014 | EUR | 2,375,000 | 3,269,675 | |||||
2.50%, 1/4/2021 | EUR | 2,500,000 | 3,676,695 | |||||
2.50%, 7/4/2044 | EUR | 600,000 | 852,544 | |||||
2.75%, 4/8/2016 | EUR | 1,900,000 | 2,725,805 | |||||
3.00%, 7/4/2020 | EUR | 2,150,000 | 3,270,423 | |||||
3.25%, 7/4/2021 | EUR | 2,650,000 | 4,106,451 | |||||
3.25%, 7/4/2042 | EUR | 1,670,000 | 2,741,557 | |||||
3.50%, 1/4/2016 | EUR | 3,900,000 | 5,677,347 | |||||
3.50%, 7/4/2019 | EUR | 6,225,000 | 9,694,076 | |||||
3.75%, 1/4/2015 | EUR | 700,000 | 992,374 | |||||
4.00%, 7/4/2016 | EUR | 4,900,000 | 7,340,546 | |||||
4.00%, 1/4/2037 | EUR | 2,800,000 | 5,016,651 | |||||
4.25%, 7/4/2017 | EUR | 2,090,000 | 3,250,284 | |||||
4.25%, 7/4/2018 | EUR | 200,000 | 318,404 | |||||
4.25%, 7/4/2039 | EUR | 800,000 | 1,511,319 | |||||
4.75%, 7/4/2034 | EUR | 200,000 | 386,357 | |||||
4.75%, 7/4/2040 | EUR | 200,000 | 408,063 | |||||
5.50%, 1/4/2031 | EUR | 2,350,000 | 4,736,504 | |||||
5.63%, 1/4/2028 | EUR | 3,115,000 | 6,124,011 | |||||
91,186,801 | ||||||||
ITALY — 4.6% | ||||||||
Republic of Italy: | ||||||||
Zero Coupon, 1/31/2014 (b) | EUR | 1,100,000 | 1,424,971 | |||||
Zero Coupon, 5/30/2014 (b) | EUR | 400,000 | 513,028 | |||||
2.50%, 3/1/2015 | EUR | 1,500,000 | 1,990,180 | |||||
3.00%, 4/1/2014 | EUR | 1,750,000 | 2,342,270 | |||||
3.00%, 6/15/2015 | EUR | 3,200,000 | 4,284,695 | |||||
3.00%, 11/1/2015 | EUR | 2,100,000 | 2,812,842 | |||||
3.50%, 6/1/2014 | EUR | 1,300,000 | 1,752,141 | |||||
3.75%, 4/15/2016 | EUR | 1,500,000 | 2,049,812 | |||||
3.75%, 8/1/2016 | EUR | 2,250,000 | 3,072,894 | |||||
3.75%, 3/1/2021 | EUR | 1,980,000 | 2,566,577 | |||||
3.75%, 8/1/2021 | EUR | 2,600,000 | 3,348,658 | |||||
4.00%, 2/1/2017 | EUR | 1,000,000 | 1,371,069 | |||||
4.00%, 9/1/2020 | EUR | 2,250,000 | 2,982,123 | |||||
4.00%, 2/1/2037 | EUR | 3,265,000 | 3,740,664 | |||||
4.25%, 7/1/2014 | EUR | 500,000 | 682,140 | |||||
4.25%, 2/1/2015 | EUR | 4,050,000 | 5,569,120 | |||||
4.25%, 2/1/2019 | EUR | 1,750,000 | 2,382,415 | |||||
4.25%, 9/1/2019 | EUR | 2,350,000 | 3,188,709 | |||||
4.25%, 3/1/2020 | EUR | 1,500,000 | 2,020,910 | |||||
4.50%, 2/1/2018 | EUR | 1,700,000 | 2,361,978 | |||||
4.50%, 8/1/2018 | EUR | 1,475,000 | 2,042,534 | |||||
4.50%, 3/1/2019 | EUR | 1,500,000 | 2,068,020 | |||||
4.50%, 2/1/2020 | EUR | 1,750,000 | 2,395,197 | |||||
4.50%, 3/1/2026 | EUR | 1,500,000 | 1,952,564 | |||||
4.75%, 9/15/2016 | EUR | 1,900,000 | 2,676,941 | |||||
4.75%, 5/1/2017 | EUR | 500,000 | 702,444 | |||||
4.75%, 6/1/2017 | EUR | 550,000 | 771,779 | |||||
4.75%, 9/1/2021 | EUR | 2,400,000 | 3,296,106 | |||||
4.75%, 8/1/2023 | EUR | 1,475,000 | 1,989,328 | |||||
5.00%, 3/1/2022 | EUR | 1,100,000 | 1,525,943 | |||||
5.00%, 3/1/2025 (a) | EUR | 1,925,000 | 2,625,225 | |||||
5.00%, 8/1/2034 | EUR | 700,000 | 922,066 | |||||
5.00%, 8/1/2039 | EUR | 1,400,000 | 1,844,838 | |||||
5.00%, 9/1/2040 | EUR | 525,000 | 691,798 | |||||
5.25%, 8/1/2017 | EUR | 1,100,000 | 1,577,049 | |||||
5.25%, 11/1/2029 | EUR | 1,750,000 | 2,381,488 | |||||
5.50%, 9/1/2022 | EUR | 1,000,000 | 1,429,515 | |||||
5.50%, 11/1/2022 | EUR | 500,000 | 712,678 | |||||
5.75%, 2/1/2033 | EUR | 1,475,000 | 2,115,372 | |||||
6.00%, 11/15/2014 | EUR | 400,000 | 565,910 | |||||
6.00%, 5/1/2031 | EUR | 1,250,000 | 1,834,127 | |||||
6.50%, 11/1/2027 | EUR | 2,885,000 | 4,419,766 | |||||
90,997,884 | ||||||||
JAPAN — 21.7% | ||||||||
Government of Japan 2 Year Bond: | ||||||||
0.10%, 2/15/2014 | JPY | 350,000,000 | 4,047,593 | |||||
0.10%, 10/15/2014 | JPY | 300,000,000 | 3,469,751 |
See accompanying notes to financial statements.
206
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
0.01%, 12/15/2014 | JPY | 500,000,000 | $ | 5,783,184 | ||||
0.10%, 1/15/2014 | JPY | 500,000,000 | 5,782,241 | |||||
0.10%, 6/15/2014 | JPY | 475,000,000 | 5,493,387 | |||||
0.10%, 5/15/2014 | JPY | 30,000,000 | 346,946 | |||||
0.10%, 7/15/2014 | JPY | 100,000,000 | 1,156,519 | |||||
Government of Japan 5 Year Bond: | ||||||||
0.80%, 3/20/2014 | JPY | 510,000,000 | 5,947,810 | |||||
0.60%, 3/20/2016 | JPY | 480,000,000 | 5,640,190 | |||||
0.60%, 12/20/2015 | JPY | 459,750,000 | 5,397,246 | |||||
0.50%, 3/20/2016 | JPY | 400,000,000 | 4,685,346 | |||||
0.50%, 3/20/2015 | JPY | 660,000,000 | 7,702,432 | |||||
0.50%, 12/20/2014 | JPY | 475,000,000 | 5,538,154 | |||||
0.40%, 6/20/2016 | JPY | 400,000,000 | 4,673,882 | |||||
0.40%, 6/20/2015 | JPY | 400,000,000 | 4,661,100 | |||||
0.30%, 3/20/2017 | JPY | 400,000,000 | 4,656,885 | |||||
0.30%, 6/20/2016 | JPY | 645,000,000 | 7,508,288 | |||||
0.20%, 9/20/2017 | JPY | 700,000,000 | 8,107,168 | |||||
0.20%, 6/20/2017 | JPY | 500,000,000 | 5,792,749 | |||||
Government of Japan 10 Year Bond: | ||||||||
0.30%, 12/20/2016 | JPY | 1,135,000,000 | 13,213,414 | |||||
0.80%, 9/20/2020 | JPY | 240,000,000 | 2,835,434 | |||||
0.80%, 6/20/2022 | JPY | 200,000,000 | 2,326,359 | |||||
0.80%, 9/20/2022 | JPY | 400,000,000 | 4,647,443 | |||||
0.90%, 3/20/2022 | JPY | 280,000,000 | 3,294,994 | |||||
0.90%, 6/20/2022 | JPY | 400,000,000 | 4,694,912 | |||||
1.00%, 9/20/2020 | JPY | 579,000,000 | 6,946,721 | |||||
1.00%, 12/20/2021 | JPY | 250,000,000 | 2,974,342 | |||||
1.00%, 3/20/2022 | JPY | 400,000,000 | 4,748,298 | |||||
1.10%, 9/20/2021 | JPY | 715,000,000 | 8,591,296 | |||||
1.20%, 12/20/2020 | JPY | 748,250,000 | 9,092,070 | |||||
1.20%, 6/20/2021 | JPY | 625,000,000 | 7,586,075 | |||||
1.30%, 3/20/2018 | JPY | 300,000,000 | 3,668,324 | |||||
1.30%, 12/20/2019 | JPY | 447,000,000 | 5,473,701 | |||||
1.30%, 3/20/2020 | JPY | 450,000,000 | 5,507,950 | |||||
1.30%, 3/20/2021 | JPY | 275,000,000 | 3,361,415 | |||||
1.50%, 9/20/2014 | JPY | 2,062,200,000 | 24,420,417 | |||||
1.50%, 9/20/2015 | JPY | 625,000,000 | 7,502,674 | |||||
1.50%, 12/20/2017 | JPY | 500,000,000 | 6,160,053 | |||||
1.50%, 6/20/2018 | JPY | 240,000,000 | 2,969,596 | |||||
1.60%, 12/20/2015 | JPY | 409,500,000 | 4,945,883 | |||||
1.70%, 9/20/2016 | JPY | 777,000,000 | 9,510,780 | |||||
1.70%, 12/20/2016 | JPY | 505,100,000 | 6,203,188 | |||||
1.70%, 3/20/2017 | JPY | 680,000,000 | 8,375,006 | |||||
1.70%, 9/20/2017 | JPY | 648,000,000 | 8,031,857 | |||||
1.80%, 6/20/2017 | JPY | 300,000,000 | 3,722,266 | |||||
1.90%, 6/20/2016 | JPY | 202,600,000 | 2,487,860 | |||||
Government of Japan 20 Year Bond: | ||||||||
1.60%, 3/20/2032 | JPY | 20,000,000 | 227,070 | |||||
1.70%, 9/20/2032 | JPY | 400,000,000 | 4,593,826 | |||||
1.70%, 12/20/2032 | JPY | 300,000,000 | 3,433,754 | |||||
1.80%, 9/20/2030 | JPY | 251,350,000 | 2,989,959 | |||||
1.80%, 9/20/2031 | JPY | 260,000,000 | 3,058,414 | |||||
1.80%, 12/20/2031 | JPY | 535,000,000 | 6,284,748 | |||||
1.90%, 9/20/2022 | JPY | 750,000,000 | 9,605,673 | |||||
1.90%, 12/20/2023 | JPY | 335,000,000 | 4,283,041 | |||||
1.90%, 3/20/2029 | JPY | 404,300,000 | 4,961,329 | |||||
1.90%, 9/20/2030 | JPY | 231,000,000 | 2,788,887 | |||||
1.90%, 3/20/2031 | JPY | 55,000,000 | 660,697 | |||||
2.10%, 9/21/2021 | JPY | 650,000,000 | 8,452,857 | |||||
2.10%, 9/20/2024 | JPY | 200,000,000 | 2,600,620 | |||||
2.10%, 9/20/2025 | JPY | 480,000,000 | 6,216,285 | |||||
2.10%, 9/20/2029 | JPY | 457,750,000 | 5,741,550 | |||||
2.10%, 12/20/2030 | JPY | 150,000,000 | 1,860,297 | |||||
2.20%, 3/20/2031 | JPY | 400,000,000 | 5,022,504 | |||||
2.30%, 6/20/2027 | JPY | 1,881,200,000 | 24,683,306 | |||||
2.60%, 3/20/2019 | JPY | 468,300,000 | 6,180,547 | |||||
2.90%, 9/20/2019 | JPY | 951,200,000 | 12,830,843 | |||||
Government of Japan 30 Year Bond: | ||||||||
1.70%, 6/20/2033 | JPY | 310,000,000 | 3,540,027 | |||||
1.90%, 9/20/2042 | JPY | 150,000,000 | 1,712,528 | |||||
2.00%, 9/20/2040 | JPY | 480,000,000 | 5,627,977 | |||||
2.00%, 3/20/2042 | JPY | 100,000,000 | 1,167,645 | |||||
2.20%, 3/20/2041 | JPY | 210,000,000 | 2,567,710 | |||||
2.30%, 3/20/2039 | JPY | 467,500,000 | 5,847,008 | |||||
2.30%, 3/20/2040 | JPY | 303,250,000 | 3,784,798 | |||||
2.40%, 3/20/2037 | JPY | 410,700,000 | 5,236,103 | |||||
2.50%, 9/20/2034 | JPY | 600,000,000 | 7,782,263 | |||||
2.50%, 9/20/2035 | JPY | 80,000,000 | 1,037,987 | |||||
Government of Japan 40 Year Bond: | ||||||||
2.00%, 3/20/2052 | JPY | 300,000,000 | 3,360,298 | |||||
2.20%, 3/20/2051 | JPY | 60,000,000 | 711,562 | |||||
428,535,312 | ||||||||
MEXICO — 3.7% | ||||||||
Mexican Bonos: | ||||||||
5.00%, 6/15/2017 | MXN | 45,000,000 | 3,446,097 | |||||
6.00%, 6/18/2015 | MXN | 52,500,000 | 4,152,881 | |||||
6.25%, 6/16/2016 | MXN | 39,000,000 | 3,123,640 | |||||
6.50%, 6/10/2021 | MXN | 48,500,000 | 4,036,241 | |||||
6.50%, 6/9/2022 | MXN | 50,000,000 | 4,165,809 | |||||
7.50%, 6/3/2027 | MXN | 44,250,000 | 3,964,284 | |||||
7.75%, 12/14/2017 | MXN | 12,000,000 | 1,028,587 | |||||
7.75%, 5/29/2031 | MXN | 22,000,000 | 1,981,882 | |||||
7.75%, 11/13/2042 | MXN | 30,000,000 | 2,715,947 | |||||
8.00%, 12/17/2015 | MXN | 17,000,000 | 1,418,988 | |||||
8.00%, 6/11/2020 | MXN | 20,000,000 | 1,807,337 | |||||
8.50%, 5/31/2029 | MXN | 51,400,000 | 4,981,664 | |||||
8.50%, 11/18/2038 | MXN | 40,000,000 | 3,892,503 | |||||
9.50%, 12/18/2014 | MXN | 71,250,000 | 5,971,980 | |||||
10.00%, 11/20/2036 | MXN | 45,000,000 | 5,008,906 | |||||
United Mexican States: | ||||||||
7.00%, 6/19/2014 | MXN | 40,000,000 | 3,179,322 | |||||
7.25%, 12/15/2016 | MXN | 75,850,000 | 6,304,014 | |||||
8.50%, 12/13/2018 | MXN | 37,250,000 | 3,356,453 | |||||
10.00%, 12/5/2024 | MXN | 71,220,000 | 7,674,270 | |||||
72,210,805 | ||||||||
NETHERLANDS — 4.6% | ||||||||
Kingdom of the Netherlands: | ||||||||
0.75%, 4/15/2015 (a) | EUR | 2,250,000 | 3,011,309 | |||||
1.00%, 1/15/2014 (a) | EUR | 1,700,000 | 2,263,395 | |||||
1.25%, 1/15/2018 (a) | EUR | 3,300,000 | 4,487,447 | |||||
2.25%, 7/15/2022 (a) | EUR | 1,900,000 | 2,672,440 | |||||
2.50%, 1/15/2017 (a) | EUR | 4,400,000 | 6,302,309 |
See accompanying notes to financial statements.
207
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
2.50%, 1/15/2033 (a) | EUR | 1,600,000 | $ | 2,219,085 | ||||
3.25%, 7/15/2015 (a) | EUR | 8,650,000 | 12,324,284 | |||||
3.25%, 7/15/2021 (a) | EUR | 4,300,000 | 6,548,521 | |||||
3.50%, 7/15/2020 (a) | EUR | 5,880,000 | 9,077,532 | |||||
3.75%, 7/15/2014 (a) | EUR | 6,025,000 | 8,392,185 | |||||
3.75%, 1/15/2023 (a) | EUR | 3,675,000 | 5,825,575 | |||||
3.75%, 1/15/2042 (a) | EUR | 2,800,000 | 4,880,659 | |||||
4.00%, 7/15/2018 (a) | EUR | 4,160,000 | 6,458,688 | |||||
4.00%, 1/15/2037 (a) | EUR | 2,870,000 | 5,027,501 | |||||
4.50%, 7/15/2017 (a) | EUR | 3,000,000 | 4,674,193 | |||||
5.50%, 1/15/2028 (a) | EUR | 3,680,000 | 7,058,776 | |||||
91,223,899 | ||||||||
POLAND — 3.4% | ||||||||
Poland Government Bond: | ||||||||
4.75%, 10/25/2016 | PLN | 10,000,000 | 3,410,449 | |||||
4.75%, 4/25/2017 | PLN | 6,650,000 | 2,282,109 | |||||
5.00%, 4/25/2016 | PLN | 30,000,000 | 10,245,888 | |||||
5.25%, 10/25/2017 | PLN | 16,100,000 | 5,670,712 | |||||
5.25%, 10/25/2020 | PLN | 15,650,000 | 5,672,714 | |||||
5.75%, 10/25/2021 | PLN | 20,350,000 | 7,627,256 | |||||
5.75%, 4/25/2029 | PLN | 6,700,000 | 2,660,451 | |||||
Republic of Poland: | ||||||||
Zero Coupon, 1/25/2014 (b) | PLN | 9,000,000 | 2,815,826 | |||||
5.50%, 4/25/2015 | PLN | 18,550,000 | 6,308,463 | |||||
5.50%, 10/25/2019 | PLN | 10,025,000 | 3,663,697 | |||||
5.75%, 4/25/2014 | PLN | 18,100,000 | 6,042,320 | |||||
5.75%, 9/23/2022 | PLN | 11,960,000 | 4,530,108 | |||||
6.25%, 10/24/2015 | PLN | 18,715,000 | 6,550,341 | |||||
67,480,334 | ||||||||
SOUTH AFRICA — 3.5% | ||||||||
Republic of South Africa: | ||||||||
7.50%, 1/15/2014 | ZAR | 24,100,000 | 2,909,958 | |||||
8.25%, 9/15/2017 | ZAR | 56,000,000 | 7,260,390 | |||||
8.75%, 12/21/2014 | ZAR | 14,500,000 | 1,826,229 | |||||
13.50%, 9/15/2015 | ZAR | 52,025,000 | 7,375,226 | |||||
South Africa Government Bond: | ||||||||
6.25%, 3/31/2036 | ZAR | 36,500,000 | 3,489,789 | |||||
6.50%, 2/28/2041 | ZAR | 22,500,000 | 2,183,535 | |||||
6.75%, 3/31/2021 | ZAR | 55,500,000 | 6,694,552 | |||||
7.00%, 2/28/2031 | ZAR | 40,000,000 | 4,367,677 | |||||
7.25%, 1/15/2020 | ZAR | 81,785,000 | 10,165,124 | |||||
7.75%, 2/28/2023 | ZAR | 31,000,000 | 3,913,339 | |||||
8.00%, 12/21/2018 | ZAR | 48,750,000 | 6,308,799 | |||||
8.75%, 2/28/2048 | ZAR | 26,000,000 | 3,242,167 | |||||
10.50%, 12/21/2026 | ZAR | 57,600,000 | 8,695,832 | |||||
10.50%, 12/21/2026 | ZAR | 6,000,000 | 905,816 | |||||
69,338,433 | ||||||||
SPAIN — 4.6% | ||||||||
Kingdom of Spain: | ||||||||
3.00%, 4/30/2015 | EUR | 1,000,000 | 1,314,709 | |||||
3.15%, 1/31/2016 | EUR | 4,410,000 | 5,758,794 | |||||
3.25%, 4/30/2016 | EUR | 2,300,000 | 2,998,662 | |||||
3.30%, 10/31/2014 | EUR | 4,350,000 | 5,771,287 | |||||
3.40%, 4/30/2014 | EUR | 3,725,000 | 4,946,106 | |||||
3.80%, 1/31/2017 | EUR | 3,500,000 | 4,592,067 | |||||
4.00%, 7/30/2015 | EUR | 2,800,000 | 3,758,633 | |||||
4.00%, 4/30/2020 | EUR | 3,250,000 | 4,068,157 | |||||
4.10%, 7/30/2018 | EUR | 2,100,000 | 2,731,762 | |||||
4.20%, 1/31/2037 | EUR | 3,985,000 | 4,192,416 | |||||
4.25%, 1/31/2014 | EUR | 900,000 | 1,204,202 | |||||
4.25%, 10/31/2016 | EUR | 4,250,000 | 5,683,887 | |||||
4.30%, 10/31/2019 | EUR | 500,000 | 645,027 | |||||
4.40%, 1/31/2015 | EUR | 4,500,000 | 6,106,632 | |||||
4.60%, 7/30/2019 | EUR | 4,220,000 | 5,557,462 | |||||
4.65%, 7/30/2025 | EUR | 2,700,000 | 3,252,583 | |||||
4.70%, 7/30/2041 | EUR | 1,900,000 | 2,134,276 | |||||
4.80%, 1/31/2024 | EUR | 1,300,000 | 1,616,256 | |||||
4.85%, 10/31/2020 | EUR | 2,750,000 | 3,588,982 | |||||
4.90%, 7/30/2040 | EUR | 1,000,000 | 1,152,335 | |||||
5.50%, 7/30/2017 | EUR | 2,500,000 | 3,490,135 | |||||
5.50%, 4/30/2021 | EUR | 3,000,000 | 4,046,946 | |||||
5.75%, 7/30/2032 | EUR | 1,550,000 | 2,050,082 | |||||
5.85%, 1/31/2022 | EUR | 3,300,000 | 4,529,971 | |||||
5.90%, 7/30/2026 | EUR | 1,000,000 | 1,345,981 | |||||
6.00%, 1/31/2029 | EUR | 2,800,000 | 3,826,409 | |||||
90,363,759 | ||||||||
SWEDEN — 3.4% | ||||||||
Kingdom of Sweden: | ||||||||
2.25%, 6/1/2032 | SEK | 12,000,000 | 1,889,442 | |||||
3.00%, 7/12/2016 | SEK | 28,500,000 | 4,695,822 | |||||
3.50%, 6/1/2022 | SEK | 65,500,000 | 11,787,433 | |||||
3.50%, 3/30/2039 | SEK | 32,300,000 | 6,148,606 | |||||
3.75%, 8/12/2017 | SEK | 45,635,000 | 7,881,766 | |||||
4.25%, 3/12/2019 | SEK | 50,155,000 | 9,102,892 | |||||
4.50%, 8/12/2015 | SEK | 57,350,000 | 9,642,720 | |||||
5.00%, 12/1/2020 | SEK | 41,850,000 | 8,150,362 | |||||
6.75%, 5/5/2014 | SEK | 50,000,000 | 8,294,569 | |||||
67,593,612 | ||||||||
UNITED KINGDOM — 12.5% | ||||||||
United Kingdom Treasury Bond: | ||||||||
1.00%, 9/7/2017 | GBP | 4,200,000 | 6,874,142 | |||||
1.75%, 1/22/2017 | GBP | 5,200,000 | 8,812,685 | |||||
1.75%, 9/7/2022 | GBP | 2,800,000 | 4,525,641 | |||||
2.00%, 1/22/2016 | GBP | 4,500,000 | 7,647,868 | |||||
2.25%, 3/7/2014 | GBP | 4,675,000 | 7,770,199 | |||||
2.75%, 1/22/2015 | GBP | 5,375,000 | 9,166,407 | |||||
3.75%, 9/7/2019 | GBP | 4,500,000 | 8,507,717 | |||||
3.75%, 9/7/2020 | GBP | 4,300,000 | 8,169,367 | |||||
3.75%, 9/7/2021 | GBP | 2,750,000 | 5,250,165 | |||||
3.75%, 7/22/2052 | GBP | 3,600,000 | 6,522,888 | |||||
4.00%, 9/7/2016 | GBP | 4,650,000 | 8,508,617 | |||||
4.00%, 3/7/2022 | GBP | 4,350,000 | 8,478,043 | |||||
4.00%, 1/22/2060 | GBP | 2,550,000 | 4,945,739 | |||||
4.25%, 12/7/2027 | GBP | 4,850,000 | 9,776,472 | |||||
4.25%, 6/7/2032 | GBP | 2,975,000 | 5,970,359 | |||||
4.25%, 3/7/2036 | GBP | 700,000 | 1,393,253 | |||||
4.25%, 9/7/2039 | GBP | 1,100,000 | 2,182,620 | |||||
4.25%, 12/7/2040 | GBP | 5,100,000 | 10,117,182 | |||||
4.25%, 12/7/2046 | GBP | 2,825,000 | 5,627,132 | |||||
4.25%, 12/7/2049 | GBP | 2,700,000 | 5,392,495 | |||||
4.25%, 12/7/2055 | GBP | 3,400,000 | 6,876,876 | |||||
4.50%, 3/7/2019 | GBP | 4,200,000 | 8,215,259 |
See accompanying notes to financial statements.
208
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.50%, 9/7/2034 | GBP | 6,000,000 | $ | 12,376,954 | ||||
4.50%, 12/7/2042 | GBP | 2,825,000 | 5,854,346 | |||||
4.75%, 9/7/2015 | GBP | 4,415,000 | 8,018,041 | |||||
4.75%, 3/7/2020 | GBP | 4,600,000 | 9,233,648 | |||||
4.75%, 12/7/2030 | GBP | 4,450,000 | 9,484,537 | |||||
4.75%, 12/7/2038 | GBP | 3,914,000 | 8,391,246 | |||||
5.00%, 9/7/2014 | GBP | 4,700,000 | 8,239,048 | |||||
5.00%, 3/7/2018 | GBP | 4,225,000 | 8,284,075 | |||||
5.00%, 3/7/2025 | GBP | 3,725,000 | 7,992,527 | |||||
6.00%, 12/7/2028 | GBP | 2,850,000 | 6,871,511 | |||||
8.00%, 12/7/2015 | GBP | 1,000,000 | 1,987,484 | |||||
8.00%, 6/7/2021 | GBP | 3,375,000 | 8,327,738 | |||||
8.75%, 8/25/2017 | GBP | 500,000 | �� | 1,108,772 | ||||
246,901,053 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $1,824,821,003) | 1,936,262,945 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.3% | ||||||||
MONEY MARKET FUND — 0.3% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d)(e) (Cost $4,706,555) | 4,706,555 | 4,706,555 | ||||||
TOTAL INVESTMENTS — 98.3% (f) | ||||||||
(Cost $1,829,527,558) | 1,940,969,500 | |||||||
OTHER ASSETS & LIABILITIES — 1.7% | 34,129,455 | |||||||
NET ASSETS — 100.0% | $ | 1,975,098,955 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 9.2% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | Non-income producing security. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
AUD — Australian Dollar
CAD — Canadian Dollar
DKK — Danish Krone
EUR — Euro Currency
GBP — Great British Pound
JPY — Japanese Yen
MXN — Mexican Peso
PLN — Polish Zloty
SEK — Swedish Krona
ZAR — South African Rand
See accompanying notes to financial statements.
209
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 97.5% | ||||||||
AUSTRALIA — 3.0% | ||||||||
Australia & New Zealand Banking Group, Ltd. 3.75%, 3/10/2017 | EUR | 100,000 | $ | 146,460 | ||||
BHP Billiton Finance, Ltd.: | ||||||||
2.13%, 11/29/2018 | EUR | 200,000 | 274,574 | |||||
2.25%, 9/25/2020 | EUR | 100,000 | 135,529 | |||||
4.30%, 9/25/2042 | GBP | 100,000 | 163,071 | |||||
6.38%, 4/4/2016 | EUR | 150,000 | 232,996 | |||||
Commonwealth Bank of Australia: | ||||||||
4.25%, 11/10/2016 | EUR | 200,000 | 296,503 | |||||
4.38%, 2/25/2020 | EUR | 100,000 | 154,676 | |||||
National Australia Bank, Ltd.: | ||||||||
2.75%, 8/8/2022 | EUR | 100,000 | 137,536 | |||||
3.50%, 1/23/2015 | EUR | 150,000 | 209,072 | |||||
4.00%, 7/13/2020 | EUR | 220,000 | 333,442 | |||||
5.50%, 5/20/2015 | EUR | 200,000 | 293,002 | |||||
Telstra Corp., Ltd.: | ||||||||
3.50%, 9/21/2022 | EUR | 100,000 | 146,043 | |||||
4.25%, 3/23/2020 | EUR | 100,000 | 154,389 | |||||
4.75%, 3/21/2017 | EUR | 100,000 | 152,879 | |||||
Westpac Banking Corp.: | ||||||||
4.13%, 5/25/2018 | EUR | 100,000 | 150,787 | |||||
4.25%, 9/22/2016 | EUR | 300,000 | 442,951 | |||||
7.25%, 11/18/2016 | AUD | 100,000 | 116,024 | |||||
3,539,934 | ||||||||
AUSTRIA — 0.2% | ||||||||
Raiffeisen Bank International AG 3.63%, 1/27/2014 | EUR | 150,000 | 203,581 | |||||
BELGIUM — 0.2% | ||||||||
Anheuser-Busch InBev NV 6.50%, 6/23/2017 | GBP | 50,000 | 97,938 | |||||
Fortis Bank SA/NV 4.50%, 5/30/2014 | EUR | 100,000 | 138,503 | |||||
236,441 | ||||||||
CANADA — 0.3% | ||||||||
The Toronto-Dominion Bank 5.38%, 5/14/2015 | EUR | 200,000 | 293,067 | |||||
DENMARK — 0.8% | ||||||||
Carlsberg Breweries A/S: | ||||||||
3.38%, 10/13/2017 | EUR | 100,000 | 143,727 | |||||
6.00%, 5/28/2014 | EUR | 100,000 | 141,323 | |||||
Danske Bank A/S: | ||||||||
2.50%, 7/9/2015 | EUR | 100,000 | 136,344 | |||||
3.88%, 5/18/2016 | EUR | 100,000 | 143,194 | |||||
3.88%, 2/28/2017 | EUR | 100,000 | 144,654 | |||||
4.75%, 6/4/2014 | EUR | 150,000 | 208,319 | |||||
917,561 | ||||||||
FRANCE — 13.6% | ||||||||
Autoroutes du Sud de la France 5.63%, 7/4/2022 | EUR | 250,000 | 412,495 | |||||
AXA SA 4.50%, 1/23/2015 | EUR | 100,000 | 141,509 | |||||
Banque Federative du Credit Mutuel: | ||||||||
4.13%, 7/20/2020 | EUR | 200,000 | 302,027 | |||||
4.25%, 2/5/2014 | EUR | 100,000 | 136,882 | |||||
4.38%, 5/31/2016 | EUR | 150,000 | 218,972 | |||||
Banque PSA Finance SA 4.25%, 2/25/2016 | EUR | 100,000 | 135,665 | |||||
BNP Paribas SA: | ||||||||
2.50%, 8/23/2019 | EUR | 100,000 | 137,094 | |||||
2.88%, 7/13/2015 | EUR | 300,000 | 414,294 | |||||
2.88%, 11/27/2017 | EUR | 150,000 | 211,234 | |||||
2.88%, 10/24/2022 | EUR | 100,000 | 137,297 | |||||
3.00%, 2/24/2017 | EUR | 100,000 | 140,988 | |||||
3.50%, 3/7/2016 | EUR | 150,000 | 212,452 | |||||
3.75%, 11/25/2020 | EUR | 200,000 | 295,741 | |||||
4.13%, 1/14/2022 | EUR | 200,000 | 303,066 | |||||
4.50%, 3/21/2023 | EUR | 200,000 | 319,951 | |||||
5.00%, 12/16/2013 | EUR | 50,000 | 68,702 | |||||
Bouygues SA: | ||||||||
3.64%, 10/29/2019 | EUR | 150,000 | 215,464 | |||||
4.25%, 7/22/2020 | EUR | 100,000 | 148,063 | |||||
6.13%, 7/3/2015 | EUR | 100,000 | 148,379 | |||||
Caisse Centrale du Credit Immobilier de France 3.75%, 3/10/2014 | EUR | 100,000 | 133,812 | |||||
Carrefour SA: | ||||||||
3.88%, 4/25/2021 | EUR | 200,000 | 289,656 | |||||
4.00%, 4/9/2020 | EUR | 100,000 | 145,649 | |||||
4.38%, 11/2/2016 | EUR | 100,000 | 145,416 | |||||
5.13%, 10/10/2014 | EUR | 150,000 | 212,149 | |||||
5.38%, 6/12/2015 | EUR | 150,000 | 217,871 | |||||
Cie de St-Gobain 4.75%, 4/11/2017 (a) | EUR | 200,000 | 296,607 | |||||
Cie Financiere et Industrielle des Autoroutes SA 5.00%, 5/24/2021 | EUR | 100,000 | 156,714 | |||||
Credit Agricole SA 3.88%, 2/13/2019 | EUR | 200,000 | 293,447 | |||||
Credit Agricole SA/London: | ||||||||
1.88%, 10/18/2017 | EUR | 100,000 | 133,623 | |||||
3.00%, 7/20/2015 | EUR | 200,000 | 276,675 | |||||
3.63%, 3/8/2016 | EUR | 100,000 | 142,149 | |||||
5.13%, 4/18/2023 | EUR | 100,000 | 163,843 | |||||
Credit Mutuel Arkea: | ||||||||
5.00%, 6/28/2017 | EUR | 150,000 | 228,178 | |||||
5.38%, 4/22/2014 | EUR | 150,000 | 209,314 | |||||
Dexia Credit Local SA 5.38%, 7/21/2014 | EUR | 100,000 | 134,469 | |||||
France Telecom SA: | ||||||||
3.00%, 6/15/2022 | EUR | 100,000 | 137,384 | |||||
3.63%, 10/14/2015 | EUR | 100,000 | 141,535 | |||||
3.88%, 4/9/2020 | EUR | 100,000 | 147,580 | |||||
3.88%, 1/14/2021 | EUR | 100,000 | 147,474 | |||||
4.75%, 2/21/2017 | EUR | 100,000 | 150,194 | |||||
4.75%, 2/21/2017 | EUR | 150,000 | 225,290 | |||||
5.00%, 1/22/2014 | EUR | 200,000 | 275,770 | |||||
5.63%, 5/22/2018 | EUR | 200,000 | 317,625 | |||||
8.13%, 1/28/2033 | EUR | 150,000 | 312,043 | |||||
GDF Suez: | ||||||||
2.25%, 6/1/2018 | EUR | 100,000 | 137,689 | |||||
3.00%, 2/1/2023 | EUR | 100,000 | 138,443 | |||||
3.13%, 1/21/2020 | EUR | 100,000 | 142,936 | |||||
3.50%, 10/18/2022 | EUR | 100,000 | 145,355 |
See accompanying notes to financial statements.
210
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.00%, 10/1/2060 | GBP | 100,000 | $ | 169,699 | ||||
5.63%, 1/18/2016 | EUR | 200,000 | 300,859 | |||||
6.13%, 2/11/2021 | GBP | 200,000 | 398,224 | |||||
6.38%, 1/18/2021 | EUR | 100,000 | 173,870 | |||||
6.88%, 1/24/2019 | EUR | 150,000 | 257,970 | |||||
Gie GDF Suez Alliance 5.75%, 6/24/2023 | EUR | 100,000 | 168,880 | |||||
HSBC France 4.88%, 1/15/2014 | EUR | 200,000 | 275,540 | |||||
LVMH Moet Hennessy Louis Vuitton SA 4.38%, 5/12/2014 | EUR | 100,000 | 138,420 | |||||
Pernod-Ricard SA 4.88%, 3/18/2016 | EUR | 200,000 | 292,870 | |||||
Sanofi: | ||||||||
3.13%, 10/10/2014 | EUR | 100,000 | 138,019 | |||||
4.50%, 5/18/2016 | EUR | 200,000 | 296,656 | |||||
Schneider Electric SA 4.00%, 8/11/2017 | EUR | 100,000 | 148,667 | |||||
Societe Des Autoroutes Paris-Rhin-Rhone 5.00%, 1/12/2017 | EUR | 100,000 | 147,685 | |||||
Societe Generale SA: | ||||||||
2.38%, 7/13/2015 | EUR | 200,000 | 272,148 | |||||
2.38%, 2/28/2018 | EUR | 200,000 | 273,362 | |||||
3.00%, 3/31/2015 | EUR | 150,000 | 206,178 | |||||
3.13%, 9/21/2017 | EUR | 150,000 | 212,508 | |||||
3.75%, 8/21/2014 | EUR | 150,000 | 206,992 | |||||
4.00%, 4/20/2016 | EUR | 100,000 | 143,633 | |||||
4.25%, 7/13/2022 | EUR | 100,000 | 149,424 | |||||
4.75%, 3/2/2021 | EUR | 100,000 | 155,600 | |||||
Total Capital SA: | ||||||||
3.50%, 2/27/2014 | EUR | 250,000 | 341,136 | |||||
4.88%, 1/28/2019 | EUR | 100,000 | 159,520 | |||||
Veolia Environnement SA: | ||||||||
4.38%, 1/16/2017 | EUR | 100,000 | 148,716 | |||||
5.13%, 5/24/2022 | EUR | 100,000 | 157,092 | |||||
Vinci SA 4.13%, 2/20/2017 | EUR | 100,000 | 146,991 | |||||
Vivendi SA: | ||||||||
3.50%, 7/13/2015 | EUR | 100,000 | 138,811 | |||||
4.13%, 7/18/2017 | EUR | 200,000 | 289,194 | |||||
4.75%, 7/13/2021 | EUR | 100,000 | 151,431 | |||||
15,759,260 | ||||||||
GERMANY — 5.1% | ||||||||
BASF SE 2.00%, 12/5/2022 | EUR | 100,000 | 131,572 | |||||
Bertelsmann AG 4.75%, 9/26/2016 | EUR | 150,000 | 223,096 | |||||
BPCE SA: | ||||||||
2.88%, 9/22/2015 | EUR | 250,000 | 345,721 | |||||
3.75%, 7/21/2017 | EUR | 200,000 | 290,223 | |||||
4.50%, 2/10/2022 | EUR | 100,000 | 153,702 | |||||
Commerzbank AG: | ||||||||
3.63%, 7/10/2017 | EUR | 200,000 | 288,707 | |||||
3.88%, 3/22/2017 | EUR | 100,000 | 145,233 | |||||
4.00%, 9/16/2020 | EUR | 100,000 | 148,596 | |||||
4.75%, 1/26/2015 | EUR | 100,000 | 142,277 | |||||
5.00%, 2/6/2014 | EUR | 150,000 | 206,809 | |||||
Daimler AG: | ||||||||
1.75%, 5/21/2015 | EUR | 100,000 | 134,740 | |||||
4.13%, 1/19/2017 | EUR | 100,000 | 147,291 | |||||
4.63%, 9/2/2014 | EUR | 250,000 | 350,776 | |||||
Deutsche Bank AG 5.13%, 8/31/2017 | EUR | 500,000 | 776,914 | |||||
Henkel AG & Co. KGaA 4.63%, 3/19/2014 | EUR | 100,000 | 138,346 | |||||
Linde AG 1.75%, 9/17/2020 | EUR | 100,000 | 132,297 | |||||
Merck Financial Services GmbH: | ||||||||
3.38%, 3/24/2015 | EUR | 150,000 | 209,019 | |||||
4.50%, 3/24/2020 | EUR | 200,000 | 311,797 | |||||
Metro AG 7.63%, 3/5/2015 | EUR | 100,000 | 148,990 | |||||
ThyssenKrupp AG: | ||||||||
4.38%, 2/28/2017 | EUR | 200,000 | 274,712 | |||||
8.00%, 6/18/2014 | EUR | 150,000 | 215,558 | |||||
Volkswagen Financial Services AG: | ||||||||
3.38%, 7/28/2014 | EUR | 200,000 | 274,550 | |||||
6.88%, 1/15/2014 | EUR | 200,000 | 280,506 | |||||
Volkswagen Leasing GmbH: | ||||||||
1.50%, 9/15/2015 | EUR | 100,000 | 134,057 | |||||
2.38%, 9/6/2022 | EUR | 100,000 | 132,133 | |||||
2.75%, 7/13/2015 | EUR | 100,000 | 138,029 | |||||
5,875,651 | ||||||||
HONG KONG — 0.4% | ||||||||
Hutchison Whampoa Europe Finance 12, Ltd. 2.50%, 6/6/2017 | EUR | 100,000 | 138,700 | |||||
Hutchison Whampoa Finance 09, Ltd. 4.75%, 11/14/2016 | EUR | 200,000 | 299,039 | |||||
437,739 | ||||||||
IRELAND — 2.6% | ||||||||
GE Capital European Funding: | ||||||||
1.25%, 10/15/2015 | EUR | 100,000 | 133,323 | |||||
2.00%, 2/27/2015 | EUR | 100,000 | 135,110 | |||||
2.88%, 10/28/2014 | EUR | 150,000 | 205,120 | |||||
2.88%, 9/17/2015 | EUR | 100,000 | 138,583 | |||||
2.88%, 6/18/2019 | EUR | 200,000 | 281,781 | |||||
3.75%, 4/4/2016 | EUR | 100,000 | 143,139 | |||||
4.13%, 10/27/2016 | EUR | 300,000 | 438,276 | |||||
4.25%, 2/6/2014 | EUR | 100,000 | 136,970 | |||||
4.25%, 3/1/2017 | EUR | 200,000 | 295,282 | |||||
4.75%, 7/30/2014 | EUR | 230,000 | 322,154 | |||||
5.25%, 5/18/2015 | EUR | 250,000 | 363,147 | |||||
5.38%, 1/16/2018 | EUR | 100,000 | 156,806 | |||||
5.38%, 1/23/2020 | EUR | 100,000 | 161,348 | |||||
6.00%, 1/15/2019 | EUR | 100,000 | 163,996 | |||||
3,075,035 | ||||||||
ISRAEL — 0.1% | ||||||||
Teva Pharmaceutical Finance IV BV 2.88%, 4/15/2019 | EUR | 100,000 | 140,699 | |||||
ITALY — 7.3% | ||||||||
Assicurazioni Generali SpA 5.13%, 9/16/2024 | EUR | 250,000 | 350,030 |
See accompanying notes to financial statements.
211
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Atlantia SpA: | ||||||||
3.38%, 9/18/2017 | EUR | 200,000 | $ | 273,166 | ||||
3.63%, 11/30/2018 | EUR | 100,000 | 133,817 | |||||
4.50%, 2/8/2019 | EUR | 200,000 | 286,198 | |||||
5.00%, 6/9/2014 | EUR | 100,000 | 138,952 | |||||
5.63%, 5/6/2016 | EUR | 200,000 | 292,460 | |||||
Banco Popolare SC 4.13%, 10/22/2014 | EUR | 100,000 | 133,732 | |||||
Enel SpA 5.25%, 6/20/2017 | EUR | 150,000 | 217,797 | |||||
ENI SpA: | ||||||||
3.50%, 1/29/2018 | EUR | 50,000 | 71,932 | |||||
4.00%, 6/29/2020 | EUR | 200,000 | 295,335 | |||||
4.13%, 9/16/2019 | EUR | 100,000 | 148,694 | |||||
4.25%, 2/3/2020 | EUR | 100,000 | 149,646 | |||||
4.75%, 11/14/2017 | EUR | 100,000 | 151,943 | |||||
5.00%, 1/28/2016 | EUR | 200,000 | 293,477 | |||||
5.88%, 1/20/2014 | EUR | 150,000 | 208,212 | |||||
Intesa Sanpaolo SpA: | ||||||||
3.75%, 11/23/2016 | EUR | 200,000 | 271,967 | |||||
4.00%, 11/9/2017 | EUR | 200,000 | 272,635 | |||||
4.00%, 11/8/2018 | EUR | 200,000 | 269,461 | |||||
4.13%, 1/14/2016 | EUR | 100,000 | 137,065 | |||||
4.13%, 9/19/2016 | EUR | 200,000 | 275,456 | |||||
4.13%, 4/14/2020 | EUR | 150,000 | 199,699 | |||||
4.38%, 10/15/2019 | EUR | 100,000 | 135,528 | |||||
4.75%, 6/15/2017 | EUR | 150,000 | 212,366 | |||||
4.88%, 7/10/2015 | EUR | 100,000 | 139,331 | |||||
5.00%, 2/28/2017 | EUR | 100,000 | 142,013 | |||||
5.38%, 12/19/2013 | EUR | 150,000 | 204,871 | |||||
Snam SpA: | ||||||||
4.38%, 7/11/2016 | EUR | 100,000 | 142,954 | |||||
5.00%, 1/18/2019 | EUR | 150,000 | 223,844 | |||||
5.25%, 9/19/2022 (a) | EUR | 200,000 | 301,216 | |||||
Telecom Italia SpA: | ||||||||
4.50%, 9/20/2017 | EUR | 100,000 | 140,705 | |||||
5.13%, 1/25/2016 | EUR | 200,000 | 286,409 | |||||
5.25%, 2/10/2022 | EUR | 100,000 | 140,905 | |||||
5.38%, 1/29/2019 | EUR | 100,000 | 144,853 | |||||
6.38%, 6/24/2019 | GBP | 100,000 | 175,346 | |||||
7.00%, 1/20/2017 | EUR | 100,000 | 153,021 | |||||
7.38%, 12/15/2017 | GBP | 100,000 | 183,675 | |||||
Terna Rete Elettrica Nazionale SpA: | ||||||||
4.13%, 2/17/2017 | EUR | 100,000 | 143,529 | |||||
4.75%, 3/15/2021 | EUR | 150,000 | 225,091 | |||||
UniCredit SpA: | ||||||||
4.38%, 2/10/2014 | EUR | 100,000 | 135,828 | |||||
4.38%, 9/11/2015 | EUR | 200,000 | 277,608 | |||||
4.88%, 3/7/2017 | EUR | 200,000 | 282,985 | |||||
5.25%, 1/14/2014 | EUR | 100,000 | 136,778 | |||||
8,500,530 | ||||||||
LUXEMBOURG — 0.8% | ||||||||
Glencore Finance Europe SA: | ||||||||
4.13%, 4/3/2018 | EUR | 100,000 | 142,489 | |||||
5.25%, 3/22/2017 | EUR | 150,000 | 221,964 | |||||
Novartis Finance SA 4.25%, 6/15/2016 | EUR | 200,000 | 295,775 | |||||
Telecom Italia Finance SA 7.75%, 1/24/2033 | EUR | 200,000 | 304,162 | |||||
964,390 | ||||||||
MEXICO — 0.6% | ||||||||
America Movil SAB de CV: | ||||||||
3.00%, 7/12/2021 | EUR | 100,000 | 138,577 | |||||
3.75%, 6/28/2017 | EUR | 150,000 | 219,652 | |||||
4.13%, 10/25/2019 | EUR | 100,000 | 151,524 | |||||
4.38%, 8/7/2041 | GBP | 100,000 | 160,133 | |||||
669,886 | ||||||||
NETHERLANDS — 23.4% | ||||||||
ABB Finance BV 2.63%, 3/26/2019 | EUR | 100,000 | 139,514 | |||||
ABN Amro Bank NV: | ||||||||
3.38%, 1/21/2014 | EUR | 300,000 | 406,708 | |||||
3.63%, 10/6/2017 | EUR | 200,000 | 290,723 | |||||
4.13%, 3/28/2022 | EUR | 150,000 | 225,291 | |||||
4.25%, 4/11/2016 | EUR | 100,000 | 145,221 | |||||
4.75%, 1/11/2019 | EUR | 100,000 | 154,201 | |||||
Allianz Finance II BV: | ||||||||
3.50%, 2/14/2022 | EUR | 200,000 | 293,305 | |||||
4.00%, 11/23/2016 | EUR | 150,000 | 221,979 | |||||
4.75%, 7/22/2019 | EUR | 150,000 | 236,444 | |||||
BASF Finance Europe NV: | ||||||||
5.00%, 9/26/2014 | EUR | 150,000 | 213,049 | |||||
5.13%, 6/9/2015 | EUR | 250,000 | 365,451 | |||||
Bayer Capital Corp. BV 4.63%, 9/26/2014 | EUR | 100,000 | 141,049 | |||||
BMW Finance NV: | ||||||||
2.13%, 1/13/2015 | EUR | 100,000 | 135,625 | |||||
3.25%, 1/28/2016 | EUR | 100,000 | 141,415 | |||||
3.25%, 1/14/2019 | EUR | 200,000 | 289,482 | |||||
3.38%, 12/14/2018 | GBP | 100,000 | 172,995 | |||||
3.63%, 1/29/2018 | EUR | 150,000 | 220,477 | |||||
3.88%, 1/18/2017 | EUR | 200,000 | 292,871 | |||||
4.00%, 9/17/2014 | EUR | 150,000 | 208,948 | |||||
4.25%, 1/22/2014 | EUR | 150,000 | 205,382 | |||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
3.00%, 2/16/2015 | EUR | 200,000 | 277,326 | |||||
3.38%, 1/18/2016 | EUR | 500,000 | 709,517 | |||||
3.38%, 4/21/2017 | EUR | 450,000 | 646,606 | |||||
3.88%, 4/20/2016 | EUR | 280,000 | 403,555 | |||||
4.00%, 9/10/2015 | GBP | 200,000 | 347,434 | |||||
4.00%, 1/11/2022 | EUR | 100,000 | 150,778 | |||||
4.13%, 1/14/2020 | EUR | 500,000 | 756,358 | |||||
4.13%, 1/12/2021 | EUR | 250,000 | 378,747 | |||||
4.13%, 7/14/2025 | EUR | 460,000 | 706,753 | |||||
4.25%, 4/22/2014 | EUR | 350,000 | 484,140 | |||||
4.25%, 1/16/2017 | EUR | 200,000 | 295,977 | |||||
4.38%, 1/22/2014 | EUR | 400,000 | 549,022 | |||||
4.75%, 1/15/2018 | EUR | 400,000 | 614,150 | |||||
4.75%, 6/6/2022 | EUR | 300,000 | 476,196 | |||||
Daimler International Finance BV 7.88%, 1/16/2014 | EUR | 250,000 | 354,015 |
See accompanying notes to financial statements.
212
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Deutsche Telekom International Finance BV: | ||||||||
4.00%, 1/19/2015 | EUR | 200,000 | $ | 280,025 | ||||
4.25%, 7/13/2022 | EUR | 250,000 | 385,510 | |||||
5.75%, 4/14/2015 | EUR | 200,000 | 291,962 | |||||
6.00%, 1/20/2017 | EUR | 200,000 | 312,787 | |||||
E.ON International Finance BV: | ||||||||
4.88%, 1/28/2014 | EUR | 100,000 | 137,840 | |||||
5.25%, 9/8/2015 | EUR | 300,000 | 441,756 | |||||
5.50%, 1/19/2016 | EUR | 200,000 | 299,672 | |||||
5.50%, 10/2/2017 | EUR | 250,000 | 393,528 | |||||
5.75%, 5/7/2020 | EUR | 100,000 | 168,887 | |||||
5.88%, 10/30/2037 | GBP | 100,000 | 201,858 | |||||
6.00%, 10/30/2019 | GBP | 100,000 | 198,618 | |||||
6.38%, 6/7/2032 | GBP | 100,000 | 212,688 | |||||
6.75%, 1/27/2039 | GBP | 50,000 | 111,648 | |||||
EADS Finance BV 4.63%, 8/12/2016 | EUR | 100,000 | 148,717 | |||||
Enel Finance International NV: | ||||||||
3.63%, 4/17/2018 | EUR | 100,000 | 136,507 | |||||
4.00%, 9/14/2016 | EUR | 150,000 | 208,193 | |||||
4.13%, 7/12/2017 | EUR | 100,000 | 139,242 | |||||
4.63%, 6/24/2015 | EUR | 100,000 | 140,175 | |||||
4.88%, 3/11/2020 | EUR | 100,000 | 142,044 | |||||
4.88%, 4/17/2023 | EUR | 100,000 | 137,970 | |||||
5.00%, 9/14/2022 | EUR | 250,000 | 351,001 | |||||
5.63%, 8/14/2024 | GBP | 200,000 | 328,446 | |||||
5.75%, 10/24/2018 (b) | EUR | 100,000 | 149,351 | |||||
5.75%, 9/14/2040 | GBP | 200,000 | 296,035 | |||||
Fortis Bank Nederland NV 4.00%, 2/3/2015 | EUR | 200,000 | 280,217 | |||||
Generali Finance BV 4.75%, 5/12/2014 | EUR | 100,000 | 137,431 | |||||
Heineken NV: | ||||||||
2.13%, 8/4/2020 | EUR | 100,000 | 133,093 | |||||
7.13%, 4/7/2014 | EUR | 100,000 | 142,216 | |||||
HIT Finance BV: | ||||||||
4.88%, 10/27/2021 | EUR | 200,000 | 273,566 | |||||
5.75%, 3/9/2018 | EUR | 100,000 | 146,350 | |||||
Iberdrola International BV: | ||||||||
4.25%, 10/11/2018 | EUR | 100,000 | 142,511 | |||||
4.50%, 9/21/2017 | EUR | 100,000 | 143,677 | |||||
ING Bank NV: | ||||||||
2.13%, 7/10/2015 | EUR | 200,000 | 271,179 | |||||
3.38%, 3/3/2015 | EUR | 200,000 | 277,104 | |||||
3.88%, 5/24/2016 | EUR | 100,000 | 143,624 | |||||
4.25%, 1/13/2017 | EUR | 200,000 | 295,355 | |||||
4.50%, 2/21/2022 | EUR | 200,000 | 306,566 | |||||
ING Groep NV 4.75%, 5/31/2017 | EUR | 150,000 | 226,385 | |||||
KBC Internationale Financieringsmaatschappij NV: | ||||||||
3.63%, 3/7/2014 | EUR | 200,000 | 271,438 | |||||
3.88%, 3/31/2015 | EUR | 100,000 | 139,149 | |||||
4.50%, 9/17/2014 | EUR | 150,000 | 208,563 | |||||
4.50%, 3/27/2017 | EUR | 100,000 | 146,554 | |||||
Koninklijke KPN NV: | ||||||||
3.75%, 9/21/2020 | EUR | 150,000 | 208,485 | |||||
4.00%, 6/22/2015 | EUR | 100,000 | 140,159 | |||||
4.75%, 1/17/2017 | EUR | 100,000 | 146,092 | |||||
5.75%, 9/17/2029 | GBP | 50,000 | 90,173 | |||||
Linde Finance BV 4.75%, 4/24/2017 | EUR | 100,000 | 153,345 | |||||
Nomura Europe Finance NV 5.13%, 12/9/2014 | EUR | 100,000 | 140,037 | |||||
Repsol International Finance BV: | ||||||||
4.63%, 10/8/2014 | EUR | 250,000 | 346,195 | |||||
4.88%, 2/19/2019 | EUR | 100,000 | 144,598 | |||||
Roche Finance Europe BV 2.00%, 6/25/2018 | EUR | 150,000 | 207,711 | |||||
Royal Bank of Scotland NV: | ||||||||
4.25%, 5/11/2016 | EUR | 50,000 | 72,162 | |||||
4.75%, 1/4/2014 | EUR | 100,000 | 136,728 | |||||
RWE Finance BV: | ||||||||
5.00%, 2/10/2015 | EUR | 150,000 | 215,116 | |||||
6.13%, 7/6/2039 | GBP | 100,000 | 200,632 | |||||
6.25%, 6/3/2030 | GBP | 150,000 | 308,934 | |||||
6.50%, 8/10/2021 | EUR | 100,000 | 177,247 | |||||
6.63%, 1/31/2019 | EUR | 150,000 | 254,830 | |||||
Schlumberger Finance BV: | ||||||||
2.75%, 12/1/2015 | EUR | 100,000 | 139,911 | |||||
4.50%, 3/25/2014 | EUR | 100,000 | 138,040 | |||||
Shell International Finance BV: | ||||||||
4.38%, 5/14/2018 | EUR | 250,000 | 386,357 | |||||
4.50%, 2/9/2016 | EUR | 200,000 | 295,322 | |||||
4.63%, 5/22/2017 | EUR | 150,000 | 230,143 | |||||
Siemens Financieringsmaatschappij NV: | ||||||||
1.50%, 3/10/2020 | EUR | 100,000 | 131,043 | |||||
5.13%, 2/20/2017 | EUR | 250,000 | 386,021 | |||||
5.38%, 6/11/2014 | EUR | 150,000 | 211,631 | |||||
5.63%, 6/11/2018 | EUR | 150,000 | 243,961 | |||||
ThyssenKrupp Finance Nederland BV 8.50%, 2/25/2016 | EUR | 50,000 | 76,632 | |||||
Volkswagen International Finance NV: | ||||||||
1.88%, 5/15/2017 | EUR | 200,000 | 271,565 | |||||
2.13%, 1/19/2015 | EUR | 200,000 | 270,647 | |||||
3.25%, 1/21/2019 | EUR | 100,000 | 143,651 | |||||
3.50%, 2/2/2015 | EUR | 100,000 | 138,980 | |||||
7.00%, 2/9/2016 | EUR | 100,000 | 155,721 | |||||
27,112,211 | ||||||||
NORWAY — 0.8% | ||||||||
DnB NOR Bank ASA: | ||||||||
3.88%, 6/29/2020 | EUR | 150,000 | 225,489 | |||||
4.25%, 1/18/2022 | EUR | 100,000 | 153,239 | |||||
4.38%, 2/24/2021 | EUR | 200,000 | 308,735 | |||||
4.50%, 5/29/2014 | EUR | 200,000 | 278,289 | |||||
965,752 | ||||||||
SPAIN — 6.0% | ||||||||
Abertis Infraestructuras SA: | ||||||||
4.63%, 10/14/2016 | EUR | 150,000 | 209,171 | |||||
5.13%, 6/12/2017 | EUR | 50,000 | 71,343 | |||||
BBVA Senior Finance SAU: | ||||||||
3.25%, 4/23/2015 | EUR | 100,000 | 131,673 | |||||
3.63%, 10/3/2014 | EUR | 100,000 | 132,990 | |||||
3.88%, 8/6/2015 | EUR | 100,000 | 133,528 |
See accompanying notes to financial statements.
213
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.38%, 9/21/2015 | EUR | 200,000 | $ | 270,106 | ||||
4.88%, 1/23/2014 | EUR | 150,000 | 202,876 | |||||
Criteria Caixacorp SA 4.13%, 11/20/2014 | EUR | 100,000 | 132,600 | |||||
Gas Natural Capital Markets SA: | ||||||||
4.38%, 11/2/2016 | EUR | 150,000 | 211,723 | |||||
5.25%, 7/9/2014 | EUR | 150,000 | 208,529 | |||||
Iberdrola Finanzas SAU: | ||||||||
4.13%, 3/23/2020 | EUR | 100,000 | 141,967 | |||||
4.75%, 1/25/2016 | EUR | 100,000 | 142,048 | |||||
7.50%, 11/25/2015 | EUR | 150,000 | 227,689 | |||||
Santander International Debt SA Unipersonal: | ||||||||
3.38%, 12/1/2015 | EUR | 100,000 | 132,725 | |||||
3.50%, 8/12/2014 | EUR | 200,000 | 266,664 | |||||
3.50%, 3/10/2015 | EUR | 200,000 | 266,581 | |||||
4.13%, 10/4/2017 | EUR | 100,000 | 136,696 | |||||
Santander International Debt SAU: | ||||||||
4.00%, 3/27/2017 | EUR | 200,000 | 269,660 | |||||
4.25%, 4/7/2014 | EUR | 100,000 | 134,464 | |||||
4.38%, 9/4/2014 | EUR | 200,000 | 269,455 | |||||
4.50%, 5/18/2015 | EUR | 100,000 | 136,066 | |||||
4.63%, 3/21/2016 | EUR | 200,000 | 275,229 | |||||
Telefonica Emisiones SAU: | ||||||||
3.41%, 3/24/2015 | EUR | 200,000 | 272,772 | |||||
3.66%, 9/18/2017 | EUR | 150,000 | 206,167 | |||||
4.38%, 2/2/2016 | EUR | 200,000 | 280,654 | |||||
4.67%, 2/7/2014 | EUR | 150,000 | 204,250 | |||||
4.69%, 11/11/2019 | EUR | 200,000 | 286,757 | |||||
4.71%, 1/20/2020 | EUR | 100,000 | 143,063 | |||||
4.75%, 2/7/2017 | EUR | 100,000 | 142,980 | |||||
4.80%, 2/21/2018 | EUR | 200,000 | 287,806 | |||||
4.97%, 2/3/2016 | EUR | 100,000 | 142,232 | |||||
5.43%, 2/3/2014 | EUR | 200,000 | 274,368 | |||||
5.50%, 4/1/2016 | EUR | 100,000 | 144,534 | |||||
5.60%, 3/12/2020 | GBP | 200,000 | 339,648 | |||||
5.81%, 9/5/2017 | EUR | 100,000 | 149,462 | |||||
6,978,476 | ||||||||
SWEDEN — 3.9% | ||||||||
Nordea Bank AB: | ||||||||
2.25%, 10/5/2017 | EUR | 100,000 | 138,043 | |||||
2.75%, 8/11/2015 | EUR | 200,000 | 276,878 | |||||
3.25%, 7/5/2022 | EUR | 100,000 | 142,727 | |||||
3.63%, 2/11/2016 | EUR | 100,000 | 142,702 | |||||
3.75%, 2/24/2017 | EUR | 200,000 | 291,664 | |||||
3.88%, 12/15/2015 | GBP | 50,000 | 87,008 | |||||
4.00%, 7/11/2019 | EUR | 100,000 | 150,342 | |||||
4.00%, 6/29/2020 | EUR | 200,000 | 302,625 | |||||
4.50%, 5/12/2014 | EUR | 200,000 | 278,002 | |||||
Skandinaviska Enskilda Banken AB: | ||||||||
1.88%, 11/14/2019 | EUR | 100,000 | 132,860 | |||||
5.50%, 5/6/2014 | EUR | 250,000 | 351,269 | |||||
Svenska Handelsbanken AB: | ||||||||
1.50%, 7/6/2015 | EUR | 100,000 | 134,238 | |||||
2.25%, 6/14/2018 | EUR | 100,000 | 138,081 | |||||
2.63%, 8/23/2022 | EUR | 100,000 | 135,815 | |||||
3.38%, 7/17/2017 | EUR | 200,000 | 289,578 | |||||
3.75%, 2/24/2017 | EUR | 150,000 | 219,177 | |||||
4.38%, 10/20/2021 | EUR | 200,000 | 311,221 | |||||
4.88%, 3/25/2014 | EUR | 200,000 | 277,866 | |||||
Swedbank AB: | ||||||||
1.75%, 6/18/2015 | EUR | 200,000 | 269,076 | |||||
2.38%, 4/4/2016 | EUR | 100,000 | 137,621 | |||||
3.38%, 2/9/2017 | EUR | 100,000 | 143,240 | |||||
Volvo Treasury AB 5.00%, 5/31/2017 | EUR | 100,000 | 150,845 | |||||
4,500,878 | ||||||||
SWITZERLAND — 1.3% | ||||||||
Roche Kapitalmarkt AG 4.50%, 3/23/2017 | CHF | 120,000 | 153,703 | |||||
UBS AG/London: | ||||||||
3.13%, 1/18/2016 | EUR | 200,000 | 280,929 | |||||
3.50%, 7/15/2015 | EUR | 100,000 | 140,497 | |||||
5.63%, 5/19/2014 | EUR | 200,000 | 281,399 | |||||
6.00%, 4/18/2018 | EUR | 200,000 | 325,379 | |||||
6.63%, 4/11/2018 | GBP | 150,000 | 296,184 | |||||
1,478,091 | ||||||||
UNITED ARAB EMIRATES — 0.2% | ||||||||
Xstrata Finance Dubai, Ltd.: | ||||||||
1.50%, 5/19/2016 | EUR | 100,000 | 131,518 | |||||
2.38%, 11/19/2018 | EUR | 100,000 | 132,420 | |||||
263,938 | ||||||||
UNITED KINGDOM — 12.6% | ||||||||
Abbey National Treasury Services PLC/London: | ||||||||
3.38%, 10/20/2015 | EUR | 150,000 | 209,842 | |||||
4.13%, 3/3/2014 | EUR | 100,000 | 136,495 | |||||
Anglo American Capital PLC 5.88%, 4/17/2015 | EUR | 100,000 | 145,927 | |||||
Barclays Bank PLC: | ||||||||
3.50%, 3/18/2015 | EUR | 250,000 | 348,427 | |||||
4.00%, 1/20/2017 | EUR | 250,000 | 366,383 | |||||
4.13%, 3/15/2016 | EUR | 200,000 | 289,336 | |||||
4.88%, 8/13/2019 | EUR | 150,000 | 235,872 | |||||
5.25%, 5/27/2014 | EUR | 300,000 | 420,106 | |||||
BAT International Finance PLC: | ||||||||
5.38%, 6/29/2017 | EUR | 100,000 | 155,851 | |||||
5.88%, 3/12/2015 | EUR | 150,000 | 219,350 | |||||
BG Energy Capital PLC: | ||||||||
3.00%, 11/16/2018 | EUR | 200,000 | 286,090 | |||||
5.00%, 11/4/2036 | GBP | 100,000 | 179,467 | |||||
BP Capital Markets PLC: | ||||||||
2.18%, 2/16/2016 | EUR | 100,000 | 137,137 | |||||
2.99%, 2/18/2019 | EUR | 100,000 | 142,969 | |||||
3.10%, 10/7/2014 | EUR | 100,000 | 137,639 | |||||
3.83%, 10/6/2017 | EUR | 150,000 | 222,960 | |||||
4.33%, 12/10/2018 | GBP | 100,000 | 181,920 | |||||
British Telecommunications PLC 6.50%, 7/7/2015 | EUR | 250,000 | 374,397 | |||||
Centrica PLC 7.00%, 9/19/2033 | GBP | 150,000 | 340,651 | |||||
Credit Suisse AG/Guernsey 2.88%, 9/24/2015 | EUR | 150,000 | 208,131 | |||||
Credit Suisse AG/London: | ||||||||
3.88%, 1/25/2017 | EUR | 250,000 | 365,606 | |||||
4.75%, 8/5/2019 | EUR | 300,000 | 470,394 |
See accompanying notes to financial statements.
214
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.13%, 9/18/2017 | EUR | 200,000 | $ | 310,763 | ||||
Diageo Finance PLC 6.63%, 12/5/2014 | EUR | 100,000 | 146,748 | |||||
GlaxoSmithKline Capital PLC: | ||||||||
3.88%, 7/6/2015 | EUR | 250,000 | 356,592 | |||||
5.25%, 12/19/2033 | GBP | 100,000 | 198,019 | |||||
5.25%, 4/10/2042 | GBP | 100,000 | 191,912 | |||||
5.63%, 12/13/2017 | EUR | 100,000 | 161,266 | |||||
6.38%, 3/9/2039 | GBP | 100,000 | 222,826 | |||||
HSBC Bank PLC: | ||||||||
3.13%, 11/15/2017 | EUR | 100,000 | 143,719 | |||||
3.75%, 11/30/2016 | EUR | 150,000 | 218,651 | |||||
3.88%, 10/24/2018 | EUR | 100,000 | 149,766 | |||||
4.00%, 1/15/2021 | EUR | 200,000 | 307,557 | |||||
HSBC Holdings PLC 4.50%, 4/30/2014 | EUR | 150,000 | 207,957 | |||||
Imperial Tobacco Finance PLC: | ||||||||
8.38%, 2/17/2016 | EUR | 150,000 | 239,992 | |||||
9.00%, 2/17/2022 | GBP | 100,000 | 230,507 | |||||
Lloyds TSB Bank PLC: | ||||||||
4.63%, 2/2/2017 | EUR | 200,000 | 297,096 | |||||
5.38%, 9/3/2019 | EUR | 100,000 | 160,170 | |||||
6.38%, 6/17/2016 | EUR | 100,000 | 154,517 | |||||
6.50%, 9/17/2040 | GBP | 100,000 | 202,787 | |||||
Nationwide Building Society: | ||||||||
3.13%, 4/3/2017 | EUR | 100,000 | 141,996 | |||||
3.75%, 1/20/2015 | EUR | 200,000 | 278,752 | |||||
5.63%, 9/9/2019 | GBP | 50,000 | 95,565 | |||||
SABMiller PLC 4.50%, 1/20/2015 | EUR | 100,000 | 141,652 | |||||
SSE PLC 5.75%, 2/5/2014 | GBP | 100,000 | 170,196 | |||||
Standard Chartered PLC: | ||||||||
1.75%, 10/29/2017 | EUR | 100,000 | 134,274 | |||||
4.13%, 1/18/2019 | EUR | 300,000 | 452,391 | |||||
5.75%, 4/30/2014 | EUR | 200,000 | 281,136 | |||||
Tesco PLC: | ||||||||
5.88%, 9/12/2016 | EUR | 150,000 | 232,340 | |||||
6.13%, 2/24/2022 | GBP | 50,000 | 98,426 | |||||
Thames Water Utilities Finance, Ltd. 5.13%, 9/28/2037 | GBP | 150,000 | 273,889 | |||||
The Royal Bank of Scotland PLC: | ||||||||
4.88%, 7/15/2015 | EUR | 50,000 | 71,945 | |||||
4.88%, 1/20/2017 | EUR | 250,000 | 372,678 | |||||
5.38%, 9/30/2019 | EUR | 200,000 | 314,607 | |||||
5.50%, 3/23/2020 | EUR | 100,000 | 159,284 | |||||
5.75%, 5/21/2014 | EUR | 350,000 | 491,233 | |||||
7.50%, 4/29/2024 | GBP | 100,000 | 215,366 | |||||
Virgin Media Secured Finance PLC 7.00%, 1/15/2018 | GBP | 100,000 | 175,996 | |||||
Vodafone Group PLC: | ||||||||
4.63%, 9/8/2014 | GBP | 100,000 | 171,646 | |||||
4.65%, 1/20/2022 | EUR | 200,000 | 322,138 | |||||
6.25%, 1/15/2016 | EUR | 100,000 | 153,317 | |||||
Western Power Distribution East Midlands PLC 5.25%, 1/17/2023 | GBP | 100,000 | 188,821 | |||||
Western Power Distribution West Midlands PLC 5.75%, 4/16/2032 | GBP | 100,000 | 192,155 | |||||
14,605,598 | ||||||||
UNITED STATES — 14.3% | ||||||||
3M Co. 5.00%, 7/14/2014 | EUR | 100,000 | 140,783 | |||||
American Express Credit Corp. 5.38%, 10/1/2014 | GBP | 50,000 | 86,798 | |||||
Amgen, Inc. 4.00%, 9/13/2029 | GBP | 100,000 | 163,323 | |||||
AT&T, Inc.: | ||||||||
1.88%, 12/4/2020 | EUR | 100,000 | 132,404 | |||||
4.88%, 6/1/2044 | GBP | 100,000 | 170,128 | |||||
5.88%, 4/28/2017 | GBP | 50,000 | 94,338 | |||||
6.13%, 4/2/2015 | EUR | 50,000 | 73,900 | |||||
6.13%, 4/2/2015 | EUR | 100,000 | 147,799 | |||||
7.00%, 4/30/2040 | GBP | 250,000 | 566,213 | |||||
Bank of America Corp.: | ||||||||
4.63%, 2/18/2014 | EUR | 100,000 | 137,004 | |||||
4.63%, 8/7/2017 | EUR | 200,000 | 297,089 | |||||
4.75%, 4/3/2017 | EUR | 150,000 | 222,581 | |||||
5.13%, 9/26/2014 | EUR | 100,000 | 140,726 | |||||
5.13%, 9/26/2014 | EUR | 100,000 | 140,726 | |||||
6.13%, 9/15/2021 | GBP | 50,000 | 95,594 | |||||
7.00%, 6/15/2016 | EUR | 200,000 | 311,857 | |||||
7.00%, 7/31/2028 | GBP | 150,000 | 317,759 | |||||
BMW US Capital LLC 5.00%, 5/28/2015 | EUR | 200,000 | 289,733 | |||||
Citigroup, Inc.: | ||||||||
3.50%, 8/5/2015 | EUR | 100,000 | 139,843 | |||||
4.00%, 11/26/2015 | EUR | 300,000 | 427,541 | |||||
4.38%, 1/30/2017 | EUR | 100,000 | 147,675 | |||||
5.00%, 8/2/2019 | EUR | 300,000 | 464,217 | |||||
7.38%, 6/16/2014 | EUR | 100,000 | 144,151 | |||||
7.38%, 9/4/2019 | EUR | 150,000 | 259,569 | |||||
DIRECTV Holdings LLC/DIRECTV Financing Co, Inc. 4.38%, 9/14/2029 | GBP | 100,000 | 163,197 | |||||
Heathrow Funding Ltd.: | ||||||||
6.45%, 12/10/2031 | GBP | 150,000 | 307,010 | |||||
6.75%, 12/3/2026 | GBP | 150,000 | 320,259 | |||||
HSBC Finance Corp. 3.75%, 11/4/2015 | EUR | 150,000 | 212,220 | |||||
International Business Machines Corp. 1.38%, 11/19/2019 | EUR | 100,000 | 130,864 | |||||
Johnson & Johnson 4.75%, 11/6/2019 | EUR | 100,000 | 161,595 | |||||
JPMorgan Chase & Co.: | ||||||||
1.88%, 11/21/2019 | EUR | 100,000 | 132,221 | |||||
2.75%, 8/24/2022 | EUR | 300,000 | 408,596 | |||||
3.75%, 6/15/2016 | EUR | 100,000 | 144,212 | |||||
3.88%, 9/23/2020 | EUR | 100,000 | 150,017 | |||||
5.25%, 1/14/2015 | EUR | 200,000 | 287,180 | |||||
6.13%, 4/1/2014 | EUR | 250,000 | 351,527 | |||||
Merck & Co., Inc. 5.38%, 10/1/2014 | EUR | 150,000 | 214,309 | |||||
Merrill Lynch & Co., Inc.: | ||||||||
4.45%, 1/31/2014 | EUR | 100,000 | 136,460 |
See accompanying notes to financial statements.
215
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.88%, 5/30/2014 | EUR | 150,000 | $ | 207,826 | ||||
7.75%, 4/30/2018 | GBP | 100,000 | 197,740 | |||||
Morgan Stanley: | ||||||||
3.75%, 9/21/2017 | EUR | 200,000 | 280,666 | |||||
4.00%, 11/17/2015 | EUR | 100,000 | 139,749 | |||||
4.38%, 10/12/2016 | EUR | 100,000 | 142,632 | |||||
4.50%, 10/29/2014 | EUR | 200,000 | 278,248 | |||||
4.50%, 2/23/2016 | EUR | 150,000 | 212,505 | |||||
5.38%, 8/10/2020 | EUR | 150,000 | 224,534 | |||||
5.50%, 10/2/2017 | EUR | 100,000 | 150,217 | |||||
Pfizer, Inc.: | ||||||||
4.75%, 6/3/2016 | EUR | 200,000 | 298,578 | |||||
5.75%, 6/3/2021 | EUR | 250,000 | 430,379 | |||||
6.50%, 6/3/2038 | GBP | 150,000 | 340,156 | |||||
Roche Holdings, Inc.: | ||||||||
5.50%, 3/4/2015 | GBP | 100,000 | 177,794 | |||||
5.63%, 3/4/2016 | EUR | 300,000 | 456,882 | |||||
6.50%, 3/4/2021 | EUR | 150,000 | 269,868 | |||||
SABMiller Holdings, Inc. 1.88%, 1/20/2020 | EUR | 100,000 | 132,051 | |||||
The Goldman Sachs Group, Inc.: | ||||||||
4.00%, 2/2/2015 | EUR | 230,000 | 319,415 | |||||
4.38%, 3/16/2017 | EUR | 150,000 | 216,395 | |||||
4.50%, 5/9/2016 | EUR | 100,000 | 143,006 | |||||
4.50%, 1/30/2017 | EUR | 100,000 | 144,802 | |||||
4.75%, 1/28/2014 | EUR | 200,000 | 273,799 | |||||
5.13%, 10/16/2014 | EUR | 200,000 | 281,523 | |||||
5.13%, 10/16/2014 | EUR | 50,000 | 70,381 | |||||
5.13%, 10/23/2019 | EUR | 100,000 | 152,290 | |||||
6.38%, 5/2/2018 | EUR | 100,000 | 158,769 | |||||
The Procter & Gamble Co.: | ||||||||
2.00%, 8/16/2022 | EUR | 200,000 | 264,454 | |||||
4.50%, 5/12/2014 | EUR | 150,000 | 208,922 | |||||
4.88%, 5/11/2027 | EUR | 100,000 | 168,756 | |||||
5.13%, 10/24/2017 | EUR | 100,000 | 157,715 | |||||
Toyota Motor Credit Corp. 6.63%, 2/3/2016 | EUR | 250,000 | 388,745 | |||||
Wal-Mart Stores, Inc.: | ||||||||
4.88%, 9/21/2029 | EUR | 100,000 | 169,664 | |||||
4.88%, 1/19/2039 | GBP | 100,000 | 186,471 | |||||
5.25%, 9/28/2035 | GBP | 100,000 | 195,244 | |||||
5.63%, 3/27/2034 | GBP | 100,000 | 208,601 | |||||
Wells Fargo & Co.: | ||||||||
2.63%, 8/16/2022 | EUR | 150,000 | 204,378 | |||||
4.13%, 11/3/2016 | EUR | 150,000 | 221,758 | |||||
4.63%, 11/2/2035 | GBP | 100,000 | 176,891 | |||||
Zurich Finance USA, Inc.: | ||||||||
4.50%, 9/17/2014 | EUR | 50,000 | 70,143 | |||||
4.50%, 9/17/2014 | EUR | 50,000 | 70,143 | |||||
16,623,508 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $108,400,537) | 113,142,226 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 0.3% | ||||||||
MONEY MARKET FUNDS — 0.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 310,930 | 310,930 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e) | 78,140 | 78,140 | ||||||
TOTAL SHORT TERM INVESTMENTS — (f) | ||||||||
(Cost $389,070) | 389,070 | |||||||
TOTAL INVESTMENTS — 97.8% (g) | ||||||||
(Cost $108,789,607) | 113,531,296 | |||||||
OTHER ASSETS & LIABILITIES — 2.2% | 2,545,450 | |||||||
NET ASSETS — 100.0% | $ | 116,076,746 | ||||||
(a) | A portion of the security was on loan at December 31, 2012. | |||||
(b) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.1% of net assets as of December 31, 2012, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Investments of cash collateral for securities loaned. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(g) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
At December 31, 2012, Open Forward Foreign Currency Exchange Contracts were as follows:
Forward Foreign Currency Contracts to Buy:
Net Unrealized | ||||||||||||||||||
Appreciation/ | ||||||||||||||||||
Settlement Date | Contracts to Deliver | In Exchange for | (Depreciation) | Counterparty | ||||||||||||||
1/8/2013 | 159,900,000 | JPY | 1,440,470 | EUR | $ | 49,873 | Goldman Sachs International | |||||||||||
1/8/2013 | 1,329,704 | EUR | 141,900,000 | JPY | (112,011 | ) | HSBC Bank PLC | |||||||||||
1/8/2013 | 93,913 | EUR | 10,000,000 | JPY | (8,165 | ) | JPMorgan Chase Bank NA | |||||||||||
1/8/2013 | 72,342 | EUR | 8,000,000 | JPY | (2,855 | ) | Royal Bank of Scotland PLC | |||||||||||
2/6/2013 | 1,440,469 | EUR | 159,900,000 | JPY | (49,817 | ) | Goldman Sachs International | |||||||||||
$ | (122,975 | ) | ||||||||||||||||
See accompanying notes to financial statements.
216
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
AUD = Australian Dollar
CHF = Swiss Franc
EUR = Euro Currency
GBP = Great British Pound
JPY = Japanese Yen
See accompanying notes to financial statements.
217
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 100.1% | ||||||||
BRAZIL — 12.7% | ||||||||
Brazil Letras do Tesouro Nacional: | ||||||||
Zero Coupon, 1/1/2014 (a) | BRL | 300,000 | $ | 136,646 | ||||
Zero Coupon, 4/1/2014 (a) | BRL | 12,640,000 | 5,657,510 | |||||
Zero Coupon, 7/1/2014 (a) | BRL | 450,000 | 197,646 | |||||
Zero Coupon, 1/1/2015 (a) | BRL | 6,110,000 | 2,567,761 | |||||
Zero Coupon, 1/1/2016 (a) | BRL | 1,800,000 | 692,789 | |||||
Brazil Notas do Tesouro Nacional Series F: | ||||||||
10.00%, 1/1/2015 | BRL | 5,800,000 | 2,951,578 | |||||
10.00%, 1/1/2017 | BRL | 7,600,000 | 3,908,070 | |||||
10.00%, 1/1/2018 | BRL | 1,740,000 | 898,061 | |||||
10.00%, 1/1/2021 | BRL | 1,080,000 | 555,608 | |||||
10.00%, 1/1/2023 | BRL | 1,200,000 | 615,901 | |||||
Brazilian Government International Bond: | ||||||||
8.50%, 1/5/2024 | BRL | 350,000 | 208,120 | |||||
10.25%, 1/10/2028 | BRL | 500,000 | 321,734 | |||||
12.50%, 1/5/2016 | BRL | 250,000 | 150,488 | |||||
12.50%, 1/5/2022 | BRL | 250,000 | 182,845 | |||||
19,044,757 | ||||||||
CHILE — 2.0% | ||||||||
Bonos del Banco Central de Chile en Pesos: | ||||||||
6.00%, 5/1/2015 | CLP | 150,000,000 | 317,481 | |||||
6.00%, 2/1/2016 | CLP | 345,000,000 | 731,936 | |||||
6.00%, 8/1/2016 | CLP | 240,000,000 | 510,376 | |||||
6.00%, 1/1/2017 | CLP | 45,000,000 | 95,846 | |||||
6.00%, 2/1/2021 | CLP | 135,000,000 | 292,049 | |||||
6.00%, 3/1/2022 | CLP | 205,000,000 | 445,366 | |||||
8.00%, 6/1/2014 | CLP | 50,000,000 | 108,135 | |||||
Chile Government International Bond 5.50%, 8/5/2020 | CLP | 200,000,000 | 464,703 | |||||
2,965,892 | ||||||||
COLOMBIA — 4.7% | ||||||||
Colombia Government International Bond: | ||||||||
4.38%, 3/21/2023 | COP | 180,000,000 | 101,470 | |||||
7.75%, 4/14/2021 | COP | 220,000,000 | 155,818 | |||||
9.85%, 6/28/2027 | COP | 255,000,000 | 221,188 | |||||
12.00%, 10/22/2015 | COP | 150,000,000 | 103,132 | |||||
Colombian TES: | ||||||||
7.00%, 5/4/2022 | COP | 500,000,000 | 313,441 | |||||
7.25%, 6/15/2016 | COP | 2,500,000,000 | 1,515,988 | |||||
7.50%, 8/26/2026 | COP | 1,000,000,000 | 651,839 | |||||
8.00%, 10/28/2015 | COP | 740,000,000 | 453,046 | |||||
10.00%, 7/24/2024 | COP | 1,000,000,000 | 768,817 | |||||
11.00%, 7/24/2020 | COP | 1,500,000,000 | 1,146,859 | |||||
11.25%, 10/24/2018 | COP | 500,000,000 | 367,487 | |||||
13.50%, 9/12/2014 | COP | 2,000,000,000 | 1,290,889 | |||||
7,089,974 | ||||||||
CZECH REPUBLIC — 4.5% | ||||||||
Czech Republic Government Bond: | ||||||||
2.75%, 3/31/2014 | CZK | 4,700,000 | 254,662 | |||||
3.40%, 9/1/2015 | CZK | 15,500,000 | 878,243 | |||||
3.75%, 9/12/2020 | CZK | 11,000,000 | 661,504 | |||||
3.85%, 9/29/2021 | CZK | 15,600,000 | 952,389 | |||||
4.00%, 4/11/2017 | CZK | 16,600,000 | 990,748 | |||||
4.20%, 12/4/2036 | CZK | 6,900,000 | 433,941 | |||||
4.60%, 8/18/2018 | CZK | 9,900,000 | 619,377 | |||||
4.70%, 9/12/2022 | CZK | 13,500,000 | 882,986 | |||||
5.00%, 4/11/2019 | CZK | 9,600,000 | 615,973 | |||||
5.70%, 5/25/2024 | CZK | 3,000,000 | 215,107 | |||||
6.95%, 1/26/2016 | CZK | 4,300,000 | 270,643 | |||||
6,775,573 | ||||||||
EGYPT — 3.3% | ||||||||
Egypt Government International Bond: | ||||||||
5.75%, 4/29/2020 | USD | 150,000 | 148,875 | |||||
13.65%, 11/13/2017 | EGP | 18,700,000 | 2,937,390 | |||||
Egypt Treasury Bills: | ||||||||
Zero Coupon, 2/19/2013 (a) | EGP | 10,000,000 | 1,541,510 | |||||
Zero Coupon, 6/11/2013 (a) | EGP | 1,900,000 | 279,856 | |||||
4,907,631 | ||||||||
HUNGARY — 3.5% | ||||||||
Hungary Government Bond: | ||||||||
5.50%, 2/12/2016 | HUF | 152,000,000 | 685,360 | |||||
6.00%, 11/24/2023 | HUF | 9,000,000 | 40,040 | |||||
6.50%, 6/24/2019 | HUF | 150,000,000 | 699,445 | |||||
6.75%, 8/22/2014 | HUF | 160,000,000 | 739,751 | |||||
6.75%, 2/24/2017 | HUF | 102,000,000 | 476,574 | |||||
6.75%, 11/24/2017 | HUF | 115,000,000 | 539,313 | |||||
7.00%, 6/24/2022 | HUF | 109,000,000 | 524,829 | |||||
7.50%, 11/12/2020 | HUF | 110,200,000 | 545,234 | |||||
7.75%, 8/24/2015 | HUF | 45,000,000 | 214,150 | |||||
8.00%, 2/12/2015 | HUF | 169,500,000 | 806,625 | |||||
5,271,321 | ||||||||
INDONESIA — 4.6% | ||||||||
Indonesia Treasury Bond: | ||||||||
5.63%, 5/15/2023 | IDR | 3,000,000,000 | 322,472 | |||||
6.25%, 4/15/2017 | IDR | 800,000,000 | 87,768 | |||||
6.38%, 4/15/2042 | IDR | 3,500,000,000 | 363,201 | |||||
7.00%, 5/15/2022 | IDR | 4,900,000,000 | 576,266 | |||||
7.00%, 5/15/2027 | IDR | 3,800,000,000 | 435,447 | |||||
7.38%, 9/15/2016 | IDR | 5,620,000,000 | 634,362 | |||||
8.25%, 7/15/2021 | IDR | 4,340,000,000 | 544,264 | |||||
8.25%, 6/15/2032 | IDR | 7,310,000,000 | 926,667 | |||||
8.38%, 9/15/2026 | IDR | 500,000,000 | 64,008 | |||||
9.50%, 6/15/2015 | IDR | 4,870,000,000 | 561,819 | |||||
9.50%, 7/15/2031 | IDR | 580,000,000 | 82,306 | |||||
9.50%, 5/15/2041 | IDR | 2,000,000,000 | 288,439 | |||||
9.75%, 5/15/2037 | IDR | 1,250,000,000 | 182,583 | |||||
10.00%, 9/15/2024 | IDR | 1,000,000,000 | 141,650 |
See accompanying notes to financial statements.
218
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
10.00%, 2/15/2028 | IDR | 1,400,000,000 | $ | 202,399 | ||||
10.50%, 8/15/2030 | IDR | 2,600,000,000 | 396,779 | |||||
11.00%, 11/15/2020 | IDR | 4,250,000,000 | 607,077 | |||||
11.00%, 9/15/2025 | IDR | 2,950,000,000 | 447,901 | |||||
6,865,408 | ||||||||
ISRAEL — 4.5% | ||||||||
Israel Government Bond — Fixed: | ||||||||
3.50%, 8/31/2014 | ILS | 2,550,000 | 702,787 | |||||
4.00%, 1/31/2018 | ILS | 500,000 | 142,470 | |||||
4.25%, 8/31/2016 | ILS | 1,300,000 | 372,671 | |||||
4.50%, 1/30/2015 | ILS | 2,260,000 | 638,306 | |||||
5.00%, 1/31/2020 | ILS | 650,000 | 193,812 | |||||
5.50%, 2/28/2017 | ILS | 2,800,000 | 842,447 | |||||
5.50%, 1/31/2022 | ILS | 3,020,000 | 926,066 | |||||
5.50%, 1/31/2042 | ILS | 500,000 | 144,397 | |||||
6.00%, 2/28/2019 | ILS | 4,100,000 | 1,287,876 | |||||
6.25%, 10/30/2026 | ILS | 2,010,000 | 654,622 | |||||
Israel Government Bond — Shahar: | ||||||||
6.50%, 1/31/2016 | ILS | 2,000,000 | 606,115 | |||||
7.50%, 3/31/2014 | ILS | 950,000 | 272,384 | |||||
6,783,953 | ||||||||
MALAYSIA — 5.9% | ||||||||
Malaysia Government Bond: | ||||||||
3.20%, 10/15/2015 | MYR | 1,940,000 | 636,986 | |||||
3.31%, 10/31/2017 | MYR | 2,200,000 | 721,329 | |||||
3.42%, 8/15/2022 | MYR | 900,000 | 292,463 | |||||
3.50%, 5/31/2027 | MYR | 600,000 | 192,035 | |||||
3.58%, 9/28/2018 | MYR | 4,000,000 | 1,325,105 | |||||
3.74%, 2/27/2015 | MYR | 4,175,000 | 1,385,217 | |||||
3.89%, 3/15/2027 | MYR | 500,000 | 167,224 | |||||
4.01%, 9/15/2017 | MYR | 970,000 | 327,792 | |||||
4.13%, 4/15/2032 | MYR | 500,000 | 168,492 | |||||
4.16%, 7/15/2021 | MYR | 2,240,000 | 765,309 | |||||
4.23%, 6/30/2031 | MYR | 1,100,000 | 376,979 | |||||
4.26%, 9/15/2016 | MYR | 3,210,000 | 1,090,976 | |||||
4.38%, 11/29/2019 | MYR | 840,000 | 290,848 | |||||
4.39%, 4/15/2026 | MYR | 1,900,000 | 669,800 | |||||
4.50%, 4/15/2030 | MYR | 100,000 | 35,507 | |||||
5.09%, 4/30/2014 | MYR | 1,500,000 | 503,502 | |||||
8,949,564 | ||||||||
MEXICO — 8.8% | ||||||||
Mexican Bonos: | ||||||||
6.00%, 6/18/2015 | MXN | 9,600,000 | 759,384 | |||||
6.25%, 6/16/2016 | MXN | 8,500,000 | 680,793 | |||||
6.50%, 6/10/2021 | MXN | 3,500,000 | 291,275 | |||||
6.50%, 6/9/2022 | MXN | 12,500,000 | 1,041,452 | |||||
7.50%, 6/3/2027 | MXN | 18,120,000 | 1,623,341 | |||||
7.75%, 12/14/2017 | MXN | 9,800,000 | 840,012 | |||||
7.75%, 11/13/2042 | MXN | 5,700,000 | 516,030 | |||||
8.00%, 6/11/2020 | MXN | 5,400,000 | 487,981 | |||||
8.50%, 5/31/2029 | MXN | 19,250,000 | 1,865,701 | |||||
8.50%, 11/18/2038 | MXN | 4,000,000 | 389,250 | |||||
9.50%, 12/18/2014 | MXN | 8,800,000 | 737,592 | |||||
10.00%, 11/20/2036 | MXN | 5,800,000 | 645,592 | |||||
United Mexican States: | ||||||||
7.00%, 6/19/2014 | MXN | 27,000,000 | 2,146,043 | |||||
7.25%, 12/15/2016 | MXN | 11,800,000 | 980,717 | |||||
8.50%, 12/13/2018 | MXN | 2,800,000 | 252,297 | |||||
13,257,460 | ||||||||
PERU — 2.4% | ||||||||
Peru Government Bond 6.95%, 8/12/2031 | PEN | 1,130,000 | 556,876 | |||||
Peruvian Government International Bond: | ||||||||
6.85%, 2/12/2042 | PEN | 1,090,000 | 536,652 | |||||
6.90%, 8/12/2037 | PEN | 400,000 | 199,851 | |||||
7.84%, 8/12/2020 | PEN | 650,000 | 320,938 | |||||
8.20%, 8/12/2026 | PEN | 2,050,000 | 1,125,673 | |||||
8.60%, 8/12/2017 | PEN | 1,600,000 | 774,143 | |||||
9.91%, 5/5/2015 | PEN | 65,000 | 29,565 | |||||
3,543,698 | ||||||||
PHILIPPINES — 4.5% | ||||||||
Philippine Government Bond: | ||||||||
5.00%, 8/18/2018 | PHP | 7,000,000 | 179,222 | |||||
5.75%, 11/24/2021 | PHP | 3,000,000 | 82,234 | |||||
5.88%, 1/31/2018 | PHP | 9,400,000 | 251,550 | |||||
5.88%, 12/16/2020 | PHP | 15,000,000 | 412,532 | |||||
6.25%, 1/27/2014 | PHP | 5,500,000 | 141,270 | |||||
6.38%, 1/19/2022 | PHP | 11,200,000 | 319,987 | |||||
7.00%, 1/27/2016 | PHP | 26,900,000 | 726,163 | |||||
7.00%, 3/31/2017 | PHP | 12,000,000 | 330,315 | |||||
7.75%, 2/18/2020 | PHP | 13,100,000 | 395,121 | |||||
7.88%, 2/19/2019 | PHP | 13,500,000 | 401,339 | |||||
8.00%, 7/19/2031 | PHP | 58,687,338 | 1,834,039 | |||||
8.13%, 12/16/2035 | PHP | 37,100,000 | 1,190,122 | |||||
8.38%, 5/22/2015 | PHP | 4,000,000 | 109,441 | |||||
Philippine Government International Bond: | ||||||||
4.95%, 1/15/2021 | PHP | 5,000,000 | 134,399 | |||||
6.25%, 1/14/2036 | PHP | 10,000,000 | 292,237 | |||||
6,799,971 | ||||||||
POLAND — 7.7% | ||||||||
Poland Government Bond: | ||||||||
4.00%, 10/25/2023 | PLN | 1,500,000 | 495,816 | |||||
4.75%, 10/25/2016 | PLN | 2,100,000 | 716,194 | |||||
5.00%, 4/25/2016 | PLN | 2,150,000 | 734,288 | |||||
5.25%, 10/25/2017 | PLN | 2,600,000 | 915,767 | |||||
5.25%, 10/25/2020 | PLN | 3,040,000 | 1,101,920 | |||||
5.75%, 10/25/2021 | PLN | 3,700,000 | 1,386,774 | |||||
5.75%, 4/25/2029 | PLN | 1,030,000 | 408,995 | |||||
Republic of Poland: | ||||||||
Zero Coupon, 1/25/2014 (a) | PLN | 1,150,000 | 359,800 | |||||
Zero Coupon, 7/25/2014 (a) | PLN | 4,600,000 | 1,416,965 | |||||
5.50%, 4/25/2015 | PLN | 3,390,000 | 1,152,867 | |||||
5.50%, 10/25/2019 | PLN | 3,900,000 | 1,425,279 | |||||
5.75%, 4/25/2014 | PLN | 1,400,000 | 467,362 | |||||
6.25%, 10/24/2015 | PLN | 3,000,000 | 1,050,014 | |||||
11,632,041 | ||||||||
See accompanying notes to financial statements.
219
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
RUSSIA — 4.6% | ||||||||
Russian Federal Bond — OFZ: | ||||||||
6.90%, 8/3/2016 | RUB | 39,400,000 | $ | 1,310,410 | ||||
7.35%, 1/20/2016 | RUB | 24,200,000 | 815,328 | |||||
7.40%, 6/14/2017 | RUB | 18,600,000 | 631,848 | |||||
7.60%, 7/20/2022 | RUB | 28,000,000 | 968,378 | |||||
8.15%, 2/3/2027 | RUB | 44,000,000 | 1,592,314 | |||||
11.20%, 12/17/2014 | RUB | 36,200,000 | 1,296,412 | |||||
Russian Foreign Bond — Eurobond 7.85%, 3/10/2018 | RUB | 10,000,000 | 356,815 | |||||
6,971,505 | ||||||||
SOUTH AFRICA — 4.8% | ||||||||
Republic of South Africa: | ||||||||
7.50%, 1/15/2014 | ZAR | 500,000 | 60,373 | |||||
8.25%, 9/15/2017 | ZAR | 6,300,000 | 816,794 | |||||
8.75%, 12/21/2014 | ZAR | 1,200,000 | 151,136 | |||||
13.50%, 9/15/2015 | ZAR | 5,620,000 | 796,709 | |||||
South Africa Government Bond: | ||||||||
6.25%, 3/31/2036 | ZAR | 6,900,000 | 659,713 | |||||
6.50%, 2/28/2041 | ZAR | 3,500,000 | 339,661 | |||||
6.75%, 3/31/2021 | ZAR | 7,800,000 | 940,856 | |||||
7.00%, 2/28/2031 | ZAR | 4,200,000 | 458,606 | |||||
7.25%, 1/15/2020 | ZAR | 6,950,000 | 863,821 | |||||
7.75%, 2/28/2023 | ZAR | 5,300,000 | 669,055 | |||||
8.00%, 12/21/2018 | ZAR | 6,700,000 | 867,056 | |||||
10.50%, 12/21/2026 | ZAR | 3,800,000 | 573,683 | |||||
7,197,463 | ||||||||
SOUTH KOREA — 12.5% | ||||||||
Korea Treasury Bond: | ||||||||
2.75%, 9/10/2017 | KRW | 800,000,000 | 741,173 | |||||
3.25%, 12/10/2014 | KRW | 2,780,000,000 | 2,617,720 | |||||
3.50%, 6/10/2014 | KRW | 3,880,000,000 | 3,659,198 | |||||
3.75%, 6/10/2022 | KRW | 700,000,000 | 685,170 | |||||
4.00%, 3/10/2016 | KRW | 670,000,000 | 646,703 | |||||
4.00%, 12/10/2031 | KRW | 500,000,000 | 514,367 | |||||
4.25%, 9/10/2014 | KRW | 530,000,000 | 506,641 | |||||
4.25%, 6/10/2021 | KRW | 1,067,000,000 | 1,076,464 | |||||
4.50%, 3/10/2015 | KRW | 600,000,000 | 580,099 | |||||
4.75%, 12/10/2030 | KRW | 1,320,000,000 | 1,476,231 | |||||
5.00%, 6/10/2020 | KRW | 1,850,000,000 | 1,943,003 | |||||
5.25%, 9/10/2015 | KRW | 1,890,000,000 | 1,874,000 | |||||
5.50%, 12/10/2029 | KRW | 280,000,000 | 336,387 | |||||
5.75%, 9/10/2018 | KRW | 2,060,000,000 | 2,195,827 | |||||
18,852,983 | ||||||||
THAILAND — 4.6% | ||||||||
Thailand Government Bond: | ||||||||
2.80%, 10/10/2017 | THB | 20,900,000 | 673,308 | |||||
3.13%, 12/11/2015 | THB | 22,550,000 | 740,406 | |||||
3.25%, 6/16/2017 | THB | 11,600,000 | 381,533 | |||||
3.45%, 3/8/2019 | THB | 19,500,000 | 643,937 | |||||
3.58%, 12/17/2027 | THB | 7,300,000 | 231,160 | |||||
3.63%, 5/22/2015 | THB | 14,100,000 | 468,140 | |||||
3.63%, 6/16/2023 | THB | 7,000,000 | 230,277 | |||||
3.65%, 12/17/2021 | THB | 19,200,000 | 636,873 | |||||
3.65%, 6/20/2031 | THB | 8,000,000 | 248,554 | |||||
3.78%, 6/25/2032 | THB | 2,000,000 | 62,683 | |||||
3.80%, 6/14/2041 | THB | 15,000,000 | 450,402 | |||||
3.85%, 12/12/2025 | THB | 7,000,000 | 231,712 | |||||
3.88%, 6/13/2019 | THB | 1,000,000 | 33,791 | |||||
4.13%, 11/18/2016 | THB | 8,000,000 | 271,711 | |||||
4.75%, 12/20/2024 | THB | 7,000,000 | 252,864 | |||||
5.13%, 3/13/2018 | THB | 2,500,000 | 89,313 | |||||
5.25%, 5/12/2014 | THB | 19,800,000 | 667,941 | |||||
5.40%, 7/27/2016 | THB | 1,100,000 | 38,830 | |||||
5.67%, 3/13/2028 | THB | 1,700,000 | 66,907 | |||||
5.85%, 3/31/2021 | THB | 11,700,000 | 448,850 | |||||
6,869,192 | ||||||||
TURKEY — 4.5% | ||||||||
Turkey Government Bond: | ||||||||
7.50%, 9/24/2014 | TRY | 1,650,000 | 945,558 | |||||
8.50%, 9/14/2022 | TRY | 200,000 | 127,472 | |||||
9.00%, 3/5/2014 | TRY | 1,100,000 | 636,382 | |||||
9.00%, 1/27/2016 | TRY | 1,860,000 | 1,123,483 | |||||
9.00%, 3/8/2017 | TRY | 700,000 | 429,876 | |||||
9.50%, 1/12/2022 | TRY | 1,300,000 | 873,368 | |||||
10.00%, 12/4/2013 | TRY | 2,970,000 | 1,721,392 | |||||
10.50%, 1/15/2020 | TRY | 1,380,000 | 945,749 | |||||
6,803,280 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $145,714,010) | 150,581,666 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.2% | ||||||||
MONEY MARKET FUND — 0.2% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (b)(c)(d) (Cost $370,836) | 370,836 | 370,836 | ||||||
TOTAL INVESTMENTS — 100.3% (e) | ||||||||
(Cost $146,084,846) | 150,952,502 | |||||||
OTHER ASSETS & LIABILITIES — (0.3)% | (497,332 | ) | ||||||
NET ASSETS — 100.0% | $ | 150,455,170 | ||||||
(a) | Non-income producing security. | |||||
(b) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(c) | The rate shown is the annualized seven-day yield at period end. | |||||
(d) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(e) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
220
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
At December 31, 2012, Open Forward Foreign Currency Exchange Contracts were as follows:
Forward Foreign Currency Contracts to Buy:
Net Unrealized | ||||||||||||||||||||
Value at | In Exchange | Appreciation/ | ||||||||||||||||||
Settlement Date | Contracts to Deliver | December 31, 2012 | for U.S. $ | (Depreciation) | Counterparty | |||||||||||||||
1/9/2013 | 584,000 | BRL | $ | 285,007 | $ | 275,603 | $ | 9,404 | UBS AG London | |||||||||||
1/9/2013 | 1,040,000 | EGP | 162,959 | 168,462 | (5,503 | ) | UBS AG London | |||||||||||||
$ | 3,901 | |||||||||||||||||||
Forward Foreign Currency Contracts to Sell:
Net Unrealized | ||||||||||||||||||||
Value at | In Exchange | Appreciation/ | ||||||||||||||||||
Settlement Date | Contracts to Deliver | December 31, 2012 | for U.S. $ | (Depreciation) | Counterparty | |||||||||||||||
1/8/2013 | 170,000 | BRL | $ | 82,975 | $ | 80,132 | $ | (2,843 | ) | UBS AG London | ||||||||||
1/8/2013 | 670,000 | EGP | 105,031 | 107,717 | 2,686 | UBS AG London | ||||||||||||||
$ | (157 | ) | ||||||||||||||||||
$ | 3,744 | |||||||||||||||||||
BRL — Brazilian Real
CLP — Chilean Peso
COP — Colombian Peso
CZK — Czech Koruna
EGP — Egyptian Pound
HUF — Hungarian Forint
IDR — Indonesian Rupiah
ILS — Israeli Shekel
KRW — South Korean Won
MXN — Mexican Peso
MYR — Malaysian Ringgit
PEN — Peruvian Nuevo Sol
PHP — Philippine Peso
PLN — Polish Zloty
RUB — Russian Ruble
THB — Thai Baht
TRY — Turkish Lira
ZAR — South African Rand
See accompanying notes to financial statements.
221
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 97.8% | ||||||||
AEROSPACE & DEFENSE — 2.0% | ||||||||
Aviation Capital Group Corp. 6.75%, 4/6/2021 (a) | $ | 10,055,000 | $ | 10,393,854 | ||||
BE Aerospace, Inc. 5.25%, 4/1/2022 (b) | 62,765,000 | 66,530,900 | ||||||
Bombardier, Inc. 7.75%, 3/15/2020 (a) | 39,744,000 | 45,109,440 | ||||||
Kratos Defense & Security Solutions, Inc. 10.00%, 6/1/2017 | 34,217,000 | 37,553,157 | ||||||
Silver II Borrower/Silver II US Holdings LLC 7.75%, 12/15/2020 (a) | 5,091,000 | 5,269,185 | ||||||
TransDigm, Inc. 7.75%, 12/15/2018 | 77,623,000 | 85,870,444 | ||||||
250,726,980 | ||||||||
AIRLINES — 0.5% | ||||||||
Air Canada 9.25%, 8/1/2015 (a) | 24,680,000 | 25,790,600 | ||||||
Continental Airlines, Inc. 6.75%, 9/15/2015 (b)(a) | 39,735,000 | 41,721,750 | ||||||
67,512,350 | ||||||||
AUTO COMPONENTS — 0.6% | ||||||||
Exide Technologies 8.63%, 2/1/2018 | 30,357,000 | 25,727,558 | ||||||
The Goodyear Tire & Rubber Co. 8.25%, 8/15/2020 | 46,792,000 | 51,354,220 | ||||||
77,081,778 | ||||||||
AUTOMOBILES — 0.9% | ||||||||
Chrysler Group LLC/CG, Inc. 8.25%, 6/15/2021 | 80,695,000 | 88,764,500 | ||||||
Navistar International Corp. 8.25%, 11/1/2021 | 18,661,000 | 18,007,865 | ||||||
106,772,365 | ||||||||
BEVERAGES — 0.2% | ||||||||
Constellation Brands, Inc. 4.63%, 3/1/2023 | 29,787,000 | 31,127,415 | ||||||
BUILDING PRODUCTS — 1.3% | ||||||||
Associated Materials LLC 9.13%, 11/1/2017 | 32,570,000 | 33,058,550 | ||||||
Building Materials Corp. of America 6.75%, 5/1/2021 (a) | 48,920,000 | 54,056,600 | ||||||
Ply Gem Industries, Inc. 8.25%, 2/15/2018 | 38,525,000 | 41,607,000 | ||||||
Texas Industries, Inc. 9.25%, 8/15/2020 | 31,957,000 | 34,273,883 | ||||||
162,996,033 | ||||||||
CAPITAL MARKETS — 0.9% | ||||||||
E*TRADE Financial Corp.: | ||||||||
6.00%, 11/15/2017 | 13,690,000 | 13,998,025 | ||||||
6.38%, 11/15/2019 | 30,900,000 | 31,672,500 | ||||||
Offshore Group Investments, Ltd. 11.50%, 8/1/2015 | 31,077,000 | 33,873,930 | ||||||
PBF Holding Co. LLC/PBF Finance Corp. 8.25%, 2/15/2020 (a) | 29,690,000 | 31,990,975 | ||||||
111,535,430 | ||||||||
CHEMICALS — 3.2% | ||||||||
Celanese US Holdings LLC: | ||||||||
4.63%, 11/15/2022 | 13,400,000 | 14,036,500 | ||||||
6.63%, 10/15/2018 (b) | 16,606,000 | 18,266,600 | ||||||
Hexion US Finance Corp./Hexion Nova Scotia Finance ULC 8.88%, 2/1/2018 | 48,035,000 | 49,355,962 | ||||||
Ineos Finance PLC 8.38%, 2/15/2019 (a) | 43,000,000 | 46,332,500 | ||||||
LyondellBasell Industries NV: | ||||||||
5.00%, 4/15/2019 | 97,027,000 | 107,214,835 | ||||||
5.75%, 4/15/2024 | 3,000,000 | 3,525,000 | ||||||
6.00%, 11/15/2021 | 2,000,000 | 2,345,000 | ||||||
Momentive Performance Materials, Inc.: | ||||||||
8.88%, 10/15/2020 (a) | 28,400,000 | 28,684,000 | ||||||
9.00%, 1/15/2021 | 14,800,000 | 10,804,000 | ||||||
PQ Corp. 8.75%, 5/1/2018 (a) | 20,300,000 | 21,315,000 | ||||||
Rockwood Specialties Group, Inc. 4.63%, 10/15/2020 | 37,636,000 | 38,953,260 | ||||||
Sawgrass Merger Sub, Inc. 8.75%, 12/15/2020 (a) | 15,400,000 | 15,515,500 | ||||||
Tronox Finance LLC 6.38%, 8/15/2020 (a) | 42,898,000 | 43,326,980 | ||||||
399,675,137 | ||||||||
COMMERCIAL BANKS — 1.1% | ||||||||
CIT Group, Inc.: | ||||||||
4.25%, 8/15/2017 | 38,662,000 | 39,811,885 | ||||||
5.50%, 2/15/2019 (a) | 46,000,000 | 50,140,000 | ||||||
Royal Bank of Scotland Group PLC 6.13%, 12/15/2022 | 44,469,000 | 46,936,229 | ||||||
136,888,114 | ||||||||
COMMERCIAL SERVICES — 0.4% | ||||||||
Ceridian Corp.: | ||||||||
8.88%, 7/15/2019 (a) | 35,435,000 | 38,446,975 | ||||||
11.25%, 11/15/2015 | 6,370,000 | 6,370,000 | ||||||
44,816,975 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.9% | ||||||||
ARAMARK Holdings Corp. PIK 8.63%, 5/1/2016 (a) | 25,857,000 | 26,471,362 | ||||||
Clean Harbors, Inc.: | ||||||||
5.13%, 6/1/2021 (a) | 3,734,000 | 3,864,690 | ||||||
5.25%, 8/1/2020 | 32,530,000 | 33,912,525 | ||||||
Interactive Data Corp. 10.25%, 8/1/2018 | 35,855,000 | 40,157,600 | ||||||
Iron Mountain, Inc. 5.75%, 8/15/2024 | 45,624,000 | 46,194,300 | ||||||
Laureate Education, Inc. 9.25%, 9/1/2019 (a) | 25,637,000 | 26,790,665 | ||||||
RR Donnelley & Sons Co. 7.25%, 5/15/2018 | 28,825,000 | 27,816,125 |
See accompanying notes to financial statements.
222
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
ServiceMaster Co.: | ||||||||
7.00%, 8/15/2020 (a) | $ | 30,693,000 | $ | 30,769,733 | ||||
8.00%, 2/15/2020 | 6,000,000 | 6,255,000 | ||||||
The Hertz Corp.: | ||||||||
6.75%, 4/15/2019 | 45,825,000 | 50,006,531 | ||||||
7.50%, 10/15/2018 | 500,000 | 552,500 | ||||||
UR Financing Escrow Corp. 7.63%, 4/15/2022 (a) | 63,935,000 | 71,447,363 | ||||||
364,238,394 | ||||||||
COMPUTERS & PERIPHERALS — 2.1% | ||||||||
Fidelity National Information Services, Inc.: | ||||||||
5.00%, 3/15/2022 | 17,225,000 | 18,473,813 | ||||||
7.63%, 7/15/2017 | 21,500,000 | 23,381,250 | ||||||
iGate Corp. 9.00%, 5/1/2016 | 38,932,000 | 42,192,555 | ||||||
Infor US, Inc. 9.38%, 4/1/2019 | 45,628,000 | 51,217,430 | ||||||
NCR Corp.: | ||||||||
4.63%, 2/15/2021 (a) | 5,273,000 | 5,273,000 | ||||||
5.00%, 7/15/2022 (a) | 26,389,000 | 26,817,821 | ||||||
Seagate HDD Cayman 7.75%, 12/15/2018 | 36,017,000 | 39,573,679 | ||||||
SunGard Data Systems, Inc.: | ||||||||
6.63%, 11/1/2019 (a) | 26,400,000 | 26,994,000 | ||||||
7.38%, 11/15/2018 | 25,818,000 | 27,657,532 | ||||||
261,581,080 | ||||||||
CONSTRUCTION MATERIALS — 0.2% | ||||||||
Vulcan Materials Co. 7.50%, 6/15/2021 (b) | 25,097,000 | 28,610,580 | ||||||
CONTAINERS & PACKAGING — 1.4% | ||||||||
Ardagh Packaging Finance PLC: | ||||||||
7.38%, 10/15/2017 (a) | 2,000,000 | 2,175,000 | ||||||
9.13%, 10/15/2020 (a)(b) | 18,672,000 | 20,352,480 | ||||||
Ball Corp.: | ||||||||
5.00%, 3/15/2022 | 38,655,000 | 41,360,850 | ||||||
5.75%, 5/15/2021 | 60,000 | 64,950 | ||||||
6.75%, 9/15/2020 | 2,620,000 | 2,888,550 | ||||||
Berry Plastics Corp. 9.75%, 1/15/2021 | 37,500,000 | 43,218,750 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. III 6.25%, 2/1/2021 | 29,993,000 | 32,879,826 | ||||||
Sealed Air Corp. 8.38%, 9/15/2021 (a) | 33,332,000 | 38,081,810 | ||||||
181,022,216 | ||||||||
DISTRIBUTORS — 0.8% | ||||||||
HD Supply, Inc. 8.13%, 4/15/2019 (a) | 61,069,000 | 69,618,660 | ||||||
VWR Funding, Inc. 7.25%, 9/15/2017 (a) | 27,850,000 | 29,242,500 | ||||||
98,861,160 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 1.1% | ||||||||
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu: | ||||||||
5.75%, 10/15/2020 (a) | 100,868,000 | 104,146,210 | ||||||
9.88%, 8/15/2019 | 32,000,000 | 34,240,000 | ||||||
138,386,210 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 4.7% | ||||||||
Aircastle, Ltd. 6.25%, 12/1/2019 (a) | 6,545,000 | 6,823,163 | ||||||
Ally Financial, Inc. 8.30%, 2/12/2015 | 95,968,000 | 106,884,360 | ||||||
Capital One Capital V 10.25%, 8/15/2039 | 34,016,000 | 34,016,000 | ||||||
Capital One Capital VI 8.88%, 5/15/2040 | 11,900,000 | 11,900,000 | ||||||
CEVA Group PLC 8.38%, 12/1/2017 (a) | 38,250,000 | 37,676,250 | ||||||
CNH Capital LLC 3.88%, 11/1/2015 (a) | 8,050,000 | 8,301,563 | ||||||
General Motors Financial Co., Inc. 4.75%, 8/15/2017 (a) | 48,276,000 | 50,761,731 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 8.00%, 1/15/2018 | 105,143,000 | 112,897,296 | ||||||
International Lease Finance Corp. 8.75%, 3/15/2017 | 72,117,000 | 83,295,135 | ||||||
Nuveen Investments, Inc.: | ||||||||
9.13%, 10/15/2017 (a) | 14,500,000 | 14,246,250 | ||||||
9.50%, 10/15/2020 (a) | 32,543,000 | 32,380,285 | ||||||
TransUnion LLC/TransUnion Financing Corp. 11.38%, 6/15/2018 | 32,308,000 | 37,638,820 | ||||||
UPCB Finance III, Ltd. 6.63%, 7/1/2020 (a) | 46,570,000 | 49,888,112 | ||||||
586,708,965 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.0% | ||||||||
Cricket Communications, Inc. 7.75%, 10/15/2020 | 78,975,000 | 80,554,500 | ||||||
Frontier Communications Corp. 8.50%, 4/15/2020 | 52,985,000 | 60,932,750 | ||||||
Hughes Satellite Systems Corp. 6.50%, 6/15/2019 | 52,402,000 | 57,773,205 | ||||||
Inmarsat Finance PLC 7.38%, 12/1/2017 (a) | 21,525,000 | 23,139,375 | ||||||
Intelsat Jackson Holdings SA 7.25%, 4/1/2019 | 72,436,000 | 77,868,700 | ||||||
Level 3 Financing, Inc. 8.13%, 7/1/2019 | 58,085,000 | 63,312,650 | ||||||
SBA Telecommunications, Inc. 5.75%, 7/15/2020 (a) | 38,591,000 | 41,002,937 | ||||||
Telesat Canada/Telesat LLC 6.00%, 5/15/2017 (a) | 42,051,000 | 44,153,550 | ||||||
Virgin Media Finance PLC: | ||||||||
4.88%, 2/15/2022 | 23,730,000 | 24,263,925 | ||||||
5.25%, 2/15/2022 | 1,000,000 | 1,060,000 | ||||||
8.38%, 10/15/2019 | 19,201,000 | 21,793,135 | ||||||
West Corp. 7.88%, 1/15/2019 | 30,865,000 | 31,945,275 | ||||||
Wind Acquisition Finance SA 7.25%, 2/15/2018 (a) | 62,300,000 | 63,078,750 | ||||||
Windstream Corp.: | ||||||||
7.75%, 10/15/2020 | 2,500,000 | 2,700,000 |
See accompanying notes to financial statements.
223
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
7.88%, 11/1/2017 | $ | 30,345,000 | $ | 34,138,125 | ||||
627,716,877 | ||||||||
ELECTRIC UTILITIES — 3.1% | ||||||||
Calpine Corp. 7.50%, 2/15/2021 (a) | 83,939,000 | 92,752,595 | ||||||
EDP Finance BV 4.90%, 10/1/2019 (a) | 18,398,000 | 18,228,462 | ||||||
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc. 10.00%, 12/1/2020 | 103,092,000 | 116,236,230 | ||||||
GenOn Energy, Inc. 9.50%, 10/15/2018 | 32,570,000 | 38,432,600 | ||||||
NRG Energy, Inc.: | ||||||||
7.63%, 1/15/2018 | 27,000,000 | 29,970,000 | ||||||
7.88%, 5/15/2021 | 29,750,000 | 33,022,500 | ||||||
The AES Corp. 7.38%, 7/1/2021 | 48,274,000 | 53,584,140 | ||||||
382,226,527 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.3% | ||||||||
313 Group, Inc. 6.38%, 12/1/2019 (a) | 28,375,000 | 28,126,719 | ||||||
Belden, Inc. 5.50%, 9/1/2022 (a) | 30,723,000 | 31,567,882 | ||||||
CDW LLC/CDW Finance Corp. 8.50%, 4/1/2019 | 63,694,000 | 68,948,755 | ||||||
General Cable Corp. 5.75%, 10/1/2022 (b)(a) | 17,175,000 | 17,776,125 | ||||||
NXP BV/NXP Funding LLC, Series 1 9.75%, 8/1/2018 (a) | 10,421,000 | 12,075,334 | ||||||
158,494,815 | ||||||||
ENGINEERING & CONSTRUCTION — 0.2% | ||||||||
Abengoa Finance SAU 8.88%, 11/1/2017 (a) | 30,855,000 | 29,003,700 | ||||||
FOOD PRODUCTS — 1.8% | ||||||||
Del Monte Corp. 7.63%, 2/15/2019 | 62,755,000 | 65,422,087 | ||||||
Harbinger Group, Inc. 7.88%, 7/15/2019 (a) | 18,080,000 | 17,921,800 | ||||||
JBS USA LLC/JBS USA Finance, Inc. 8.25%, 2/1/2020 (a) | 33,800,000 | 35,828,000 | ||||||
Post Holdings, Inc. 7.38%, 2/15/2022 (a) | 36,500,000 | 39,990,313 | ||||||
Smithfield Foods, Inc. 6.63%, 8/15/2022 | 47,874,000 | 52,900,770 | ||||||
US Foods, Inc. 8.50%, 6/30/2019 (a) | 16,030,000 | 16,350,600 | ||||||
228,413,570 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.8% | ||||||||
Biomet, Inc. 6.50%, 8/1/2020 (a) | 74,815,000 | 79,490,937 | ||||||
Hologic, Inc. 6.25%, 8/1/2020 (a) | 49,028,000 | 52,827,670 | ||||||
Kinetic Concepts, Inc. 10.50%, 11/1/2018 (a) | 82,860,000 | 86,899,425 | ||||||
219,218,032 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 5.5% | ||||||||
Apria Healthcare Group, Inc. 11.25%, 11/1/2014 | 28,875,000 | 29,849,531 | ||||||
CHS/Community Health Systems, Inc. 8.00%, 11/15/2019 | 98,385,000 | 106,501,762 | ||||||
DaVita HealthCare Partners, Inc. 6.38%, 11/1/2018 | 4,560,000 | 4,890,600 | ||||||
DaVita, Inc.: | ||||||||
5.75%, 8/15/2022 | 57,992,000 | 61,109,070 | ||||||
6.63%, 11/1/2020 | 5,072,000 | 5,515,800 | ||||||
Emergency Medical Services Corp. 8.13%, 6/1/2019 | 45,517,000 | 49,983,356 | ||||||
Fresenius Medical Care US Finance II, Inc. 5.63%, 7/31/2019 (a) | 29,273,000 | 31,431,884 | ||||||
Fresenius Medical Care US Finance, Inc. 5.75%, 2/15/2021 (a) | 11,996,000 | 12,835,720 | ||||||
HCA, Inc. 6.50%, 2/15/2020 | 144,251,000 | 162,282,375 | ||||||
Health Management Association, Inc. 7.38%, 1/15/2020 | 42,755,000 | 46,175,400 | ||||||
IASIS Healthcare LLC/IASIS Capital Corp. 8.38%, 5/15/2019 | 42,050,000 | 39,737,250 | ||||||
Multiplan, Inc. 9.88%, 9/1/2018 (a) | 26,656,000 | 29,721,440 | ||||||
Tenet Healthcare Corp. 6.25%, 11/1/2018 | 43,255,000 | 47,472,363 | ||||||
Vanguard Health Holding Co. II LLC/Vanguard Holding Co. II, Inc. Series 1 8.00%, 2/1/2018 | 56,820,000 | 58,808,700 | ||||||
686,315,251 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.2% | ||||||||
Ameristar Casinos, Inc. 7.50%, 4/15/2021 | 33,764,000 | 36,591,735 | ||||||
Burger King Corp. 9.88%, 10/15/2018 | 39,363,000 | 45,070,635 | ||||||
Caesars Entertainment Operating Co., Inc.: | ||||||||
8.50%, 2/15/2020 | 30,000,000 | 29,775,000 | ||||||
11.25%, 6/1/2017 | 50,493,000 | 54,090,626 | ||||||
CityCenter Holdings LLC/CityCenter Finance Corp. 7.63%, 1/15/2016 | 44,095,000 | 47,181,650 | ||||||
MCE Finance, Ltd. 10.25%, 5/15/2018 | 12,601,000 | 14,333,638 | ||||||
MGM Resorts International: | ||||||||
6.63%, 12/15/2021 | 31,011,000 | 31,011,000 | ||||||
7.75%, 3/15/2022 | 23,400,000 | 25,038,000 | ||||||
Six Flags Entertainment Corp. 5.25%, 1/15/2021 (a)(b) | 17,889,000 | 17,889,000 |
See accompanying notes to financial statements.
224
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Studio City Finance, Ltd. 8.50%, 12/1/2020 (a) | $ | 22,903,000 | $ | 23,947,949 | ||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Series 1 7.75%, 8/15/2020 | 66,005,000 | 75,245,700 | ||||||
400,174,933 | ||||||||
HOUSEHOLD DURABLES — 0.8% | ||||||||
Brookfield Residential Properties, Inc. 6.50%, 12/15/2020 (a) | 13,160,000 | 13,489,000 | ||||||
Shea Homes LP/Shea Homes Funding Corp. 8.63%, 5/15/2019 | 36,244,000 | 40,049,620 | ||||||
Spectrum Brands Holdings, Inc. 9.50%, 6/15/2018 | 35,568,000 | 40,369,680 | ||||||
93,908,300 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.5% | ||||||||
RBS Global, Inc./Rexnord LLC 8.50%, 5/1/2018 | 54,940,000 | 59,541,225 | ||||||
INSURANCE — 0.4% | ||||||||
Hub International, Ltd. 8.13%, 10/15/2018 (a) | 24,310,000 | 24,917,750 | ||||||
Onex USI Aquisition Corp. 7.75%, 1/15/2021 (a) | 22,333,000 | 21,998,005 | ||||||
46,915,755 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.9% | ||||||||
CyrusOne LP/CyrusOne Finance Corp. 6.38%, 11/15/2022 (a) | 8,500,000 | 8,861,250 | ||||||
Equinix, Inc.: | ||||||||
7.00%, 7/15/2021 | 2,200,000 | 2,442,000 | ||||||
8.13%, 3/1/2018 | 36,828,000 | 40,602,870 | ||||||
IAC/InterActiveCorp 4.75%, 12/15/2022 (a) | 18,231,000 | 18,139,845 | ||||||
Zayo Group LLC/Zayo Capital, Inc. 8.13%, 1/1/2020 | 36,032,000 | 40,085,600 | ||||||
110,131,565 | ||||||||
IT SERVICES — 1.7% | ||||||||
First Data Corp. 12.63%, 1/15/2021 | 144,442,000 | 152,025,205 | ||||||
GXS Worldwide, Inc. 9.75%, 6/15/2015 | 34,885,000 | 36,367,613 | ||||||
Lender Processing Services, Inc. 5.75%, 4/15/2023 | 20,700,000 | 21,476,250 | ||||||
209,869,068 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.4% | ||||||||
Royal Caribbean Cruises, Ltd. 5.25%, 11/15/2022 | 18,862,000 | 19,946,565 | ||||||
Sabre, Inc. 8.50%, 5/15/2019 (a) | 28,000,000 | 29,820,000 | ||||||
49,766,565 | ||||||||
MACHINERY — 1.4% | ||||||||
Case New Holland, Inc. 7.88%, 12/1/2017 | 62,387,000 | 73,772,627 | ||||||
Huntington Ingalls Industries, Inc. 7.13%, 3/15/2021 | 26,281,000 | 28,580,587 | ||||||
SPX Corp. 6.88%, 9/1/2017 | 29,669,000 | 33,080,935 | ||||||
Terex Corp. 6.00%, 5/15/2021 | 21,209,000 | 22,322,473 | ||||||
The Manitowoc Co, Inc. 8.50%, 11/1/2020 | 20,545,000 | 23,061,763 | ||||||
180,818,385 | ||||||||
MEDIA — 7.9% | ||||||||
AMC Entertainment, Inc.: | ||||||||
8.75%, 6/1/2019 | 225,000 | 249,188 | ||||||
9.75%, 12/1/2020 | 27,053,000 | 31,246,215 | ||||||
AMC Networks, Inc.: | ||||||||
4.75%, 12/15/2022 | 15,912,000 | 15,991,560 | ||||||
7.75%, 7/15/2021 | 27,286,000 | 31,242,470 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp.: | ||||||||
5.13%, 2/15/2023 | 20,500,000 | 20,448,750 | ||||||
5.25%, 9/30/2022 | 4,000,000 | 4,050,000 | ||||||
6.50%, 4/30/2021 | 72,271,000 | 77,962,341 | ||||||
Cengage Learning Acquisitions, Inc. 11.50%, 4/15/2020 (a) | 32,700,000 | 28,203,750 | ||||||
Cequel Communications Holdings I LLC and Cequel Capital Corp.: | ||||||||
6.38%, 9/15/2020 (a) | 25,767,000 | 26,829,889 | ||||||
8.63%, 11/15/2017 (a) | 22,277,000 | 23,836,390 | ||||||
Clear Channel Communications, Inc.: | ||||||||
9.00%, 12/15/2019 (a) | 13,500,000 | 12,352,500 | ||||||
9.00%, 3/1/2021 | 82,825,000 | 73,921,312 | ||||||
Clear Channel Worldwide Holdings, Inc.: | ||||||||
6.50%, 11/15/2022 (a) | 2,614,000 | 2,685,885 | ||||||
6.50%, 11/15/2022 (a) | 11,607,000 | 12,042,263 | ||||||
CSC Holdings LLC 6.75%, 11/15/2021 (a) | 48,285,000 | 53,535,994 | ||||||
Cumulus Media Holdings, Inc. 7.75%, 5/1/2019 | 25,295,000 | 24,852,337 | ||||||
DISH DBS Corp.: | ||||||||
5.00%, 3/15/2023 (a) | 24,988,000 | 24,988,000 | ||||||
6.75%, 6/1/2021 | 96,434,000 | 109,934,760 | ||||||
inVentiv Health, Inc. 9.00%, 1/15/2018 (a)(b) | 8,020,000 | 8,100,200 | ||||||
Nara Cable Funding, Ltd. 8.88%, 12/1/2018 (a) | 49,110,000 | 49,969,425 | ||||||
Nielsen Finance LLC/Nielsen Finance Co. 7.75%, 10/15/2018 | 52,509,000 | 58,678,807 | ||||||
Quebecor Media, Inc. 5.75%, 1/15/2023 (a) | 7,750,000 | 8,166,563 | ||||||
Sirius XM Radio, Inc. 8.75%, 4/1/2015 (a) | 40,345,000 | 45,690,712 | ||||||
The Mcclatchy Co. 9.00%, 12/15/2022 (a) | 21,298,000 | 21,750,583 | ||||||
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH 5.50%, 1/15/2023 (a)(b) | 18,009,000 | 18,594,293 |
See accompanying notes to financial statements.
225
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Univision Communications, Inc.: | ||||||||
6.75%, 9/15/2022 (a) | $ | 30,000,000 | $ | 30,975,000 | ||||
6.88%, 5/15/2019 (a) | 28,000,000 | 29,120,000 | ||||||
Videotron, Ltd. 5.00%, 7/15/2022 | 30,647,000 | 32,141,041 | ||||||
Visant Corp. 10.00%, 10/1/2017 | 34,888,000 | 31,311,980 | ||||||
WideOpenWest Finance LLC/WideOpenWest Capital Corp. 10.25%, 7/15/2019 (a) | 34,593,000 | 36,755,062 | ||||||
WMG Acquisition Corp.: | ||||||||
6.00%, 1/15/2021 (a) | 2,000,000 | 2,110,000 | ||||||
11.50%, 10/1/2018 | 30,800,000 | 35,574,000 | ||||||
983,311,270 | ||||||||
METALS & MINING — 4.2% | ||||||||
ArcelorMittal: | ||||||||
6.00%, 3/1/2021 | 46,000,000 | 45,868,118 | ||||||
10.35%, 6/1/2019 | 32,750,000 | 39,279,400 | ||||||
Eldorado Gold Corp. 6.13%, 12/15/2020 (a) | 5,610,000 | 5,708,175 | ||||||
FMG Resources August 2006 Pty, Ltd. 7.00%, 11/1/2015 (a) | 98,905,000 | 103,850,250 | ||||||
IAMGOLD Corp. 6.75%, 10/1/2020 (a) | 20,250,000 | 19,743,750 | ||||||
Inmet Mining Corp.: | ||||||||
7.50%, 6/1/2021 (a) | 6,408,000 | 6,648,300 | ||||||
8.75%, 6/1/2020 (a) | 72,993,000 | 79,744,853 | ||||||
JMC Steel Group 8.25%, 3/15/2018 (a) | 44,468,000 | 46,469,060 | ||||||
Molycorp, Inc. 10.00%, 6/1/2020 (a) | 30,800,000 | 28,644,000 | ||||||
Novelis, Inc. 8.75%, 12/15/2020 | 66,343,000 | 73,972,445 | ||||||
Ryerson, Inc./Joseph T Ryerson & Son, Inc. 9.00%, 10/15/2017 (a)(b) | 23,925,000 | 24,403,500 | ||||||
Schaeffler Finance BV 7.75%, 2/15/2017 (b)(a) | 25,641,000 | 28,461,510 | ||||||
United States Steel Corp. 7.38%, 4/1/2020 | 23,118,000 | 24,678,465 | ||||||
527,471,826 | ||||||||
MULTILINE RETAIL — 0.3% | ||||||||
Sears Holdings Corp. 6.63%, 10/15/2018 | 48,220,000 | 43,880,200 | ||||||
OIL, GAS & CONSUMABLE FUELS — 17.1% | ||||||||
Access Midstream Partners LP/ACMP Finance Corp. 4.88%, 5/15/2023 | 34,390,000 | 34,905,850 | ||||||
Alpha Natural Resources, Inc. 6.00%, 6/1/2019 | 40,614,000 | 37,364,880 | ||||||
Arch Coal, Inc. 7.25%, 6/15/2021 | 48,836,000 | 45,051,210 | ||||||
Berry Petroleum Co. 6.38%, 9/15/2022 | 22,552,000 | 23,454,080 | ||||||
Carrizo Oil & Gas, Inc. 8.63%, 10/15/2018 | 25,358,000 | 27,386,640 | ||||||
Chesapeake Energy Corp.: | ||||||||
6.13%, 7/15/2022 | 31,532,000 | 33,975,730 | ||||||
6.63%, 8/15/2020 | 25,551,000 | 27,403,448 | ||||||
6.78%, 3/15/2019 | 37,550,000 | 37,596,938 | ||||||
Cie Generale de Geophysique — Veritas 6.50%, 6/1/2021 | 29,875,000 | 31,966,250 | ||||||
Cimarex Energy Co. 5.88%, 5/1/2022 | 34,194,000 | 37,442,430 | ||||||
Concho Resources, Inc.: | ||||||||
5.50%, 4/1/2023 | 22,800,000 | 23,883,000 | ||||||
7.00%, 1/15/2021 (b) | 10,391,000 | 11,585,965 | ||||||
Consol Energy, Inc. 8.00%, 4/1/2017 | 71,701,000 | 77,616,332 | ||||||
Continental Resources, Inc. 5.00%, 9/15/2022 | 54,550,000 | 58,777,625 | ||||||
Crosstex Energy LP/Crosstex Energy Finance Corp. 8.88%, 2/15/2018 | 34,993,000 | 37,792,440 | ||||||
CVR Refining LLC/Coffeyville Finance, Inc. 6.50%, 11/1/2022 (a)(b) | 19,400,000 | 19,303,000 | ||||||
Denbury Resources, Inc. 8.25%, 2/15/2020 | 48,043,000 | 54,048,375 | ||||||
Drill Rigs Holdings, Inc. 6.50%, 10/1/2017 (a) | 27,129,000 | 26,993,355 | ||||||
Energy Transfer Equity LP 7.50%, 10/15/2020 | 85,248,000 | 98,461,440 | ||||||
Energy XXI Gulf Coast, Inc. 9.25%, 12/15/2017 | 38,260,000 | 43,712,050 | ||||||
EP Energy LLC/EP Energy Finance, Inc. 9.38%, 5/1/2020 | 91,450,000 | 103,109,875 | ||||||
EXCO Resources, Inc. 7.50%, 9/15/2018 | 33,675,000 | 32,664,750 | ||||||
Expro Finance Luxembourg SCA 8.50%, 12/15/2016 (a) | 31,872,000 | 33,306,240 | ||||||
Foresight Energy LLC/Foresight Energy Corp. 9.63%, 8/15/2017 (a)(b) | 15,660,000 | 16,756,200 | ||||||
Halcon Resources Corp. 9.75%, 7/15/2020 (a) | 42,553,000 | 45,957,240 | ||||||
Inergy Midstream LP/NRGM Finance Corp. 6.00%, 12/15/2020 (a)(b) | 1,840,000 | 1,899,800 | ||||||
Kinder Morgan Finance Co. LLC 6.00%, 1/15/2018 (a) | 36,251,000 | 39,845,033 | ||||||
Kodiak Oil & Gas Corp. 8.13%, 12/1/2019 | 38,728,000 | 42,697,620 | ||||||
Linn Energy LLC/Linn Energy Finance Corp. 6.25%, 11/1/2019 (a) | 86,910,000 | 87,344,550 | ||||||
MarkWest Energy Partners LP/MarkWest Energy Finance Corp.: | ||||||||
5.50%, 2/15/2023 (b) | 39,476,000 | 42,831,460 | ||||||
6.25%, 6/15/2022 | 460,000 | 501,400 | ||||||
MEG Energy Corp.: | ||||||||
6.38%, 1/30/2023 (a) | 38,458,000 | 40,092,465 |
See accompanying notes to financial statements.
226
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.50%, 3/15/2021 (a) | $ | 10,500,000 | $ | 11,051,250 | ||||
Midstates Petroleum Co., Inc./Midstates Petroleum Co. LLC 10.75%, 10/1/2020 (a) | 24,795,000 | 26,344,688 | ||||||
Murray Energy Corp. 10.25%, 10/15/2015 (a) | 14,990,000 | 14,540,300 | ||||||
Newfield Exploration Co.: | ||||||||
5.63%, 7/1/2024 | 34,500,000 | 37,260,000 | ||||||
5.75%, 1/30/2022 | 12,776,000 | 14,053,600 | ||||||
Offshore Group Investment, Ltd. 7.50%, 11/1/2019 (a) | 28,640,000 | 28,926,400 | ||||||
Oil States International, Inc. 6.50%, 6/1/2019 | 27,635,000 | 29,431,275 | ||||||
Peabody Energy Corp. 6.00%, 11/15/2018 | 71,535,000 | 76,005,937 | ||||||
Penn Virginia Resource Partners LP/Penn Virginia Resource Finance Corp. II 8.38%, 6/1/2020 (b)(a) | 23,270,000 | 25,073,425 | ||||||
PetroBakken Energy, Ltd. 8.63%, 2/1/2020 (b)(a) | 45,325,000 | 46,004,875 | ||||||
Plains Exploration & Production Co.: | ||||||||
6.75%, 2/1/2022 | 38,945,000 | 43,715,762 | ||||||
6.88%, 2/15/2023 | 25,000,000 | 28,562,500 | ||||||
Precision Drilling Corp. 6.63%, 11/15/2020 | 30,272,000 | 32,542,400 | ||||||
QEP Resources, Inc.: | ||||||||
5.25%, 5/1/2023 | 5,728,000 | 6,128,960 | ||||||
6.88%, 3/1/2021 | 20,522,000 | 23,651,605 | ||||||
Range Resources Corp. 5.00%, 8/15/2022 | 32,518,000 | 33,981,310 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp.: | ||||||||
5.50%, 4/15/2023 (b) | 12,000,000 | 12,810,000 | ||||||
6.88%, 12/1/2018 (b) | 19,719,000 | 21,493,710 | ||||||
Rockies Express Pipeline LLC 5.63%, 4/15/2020 (a) | 33,750,000 | 33,159,375 | ||||||
Samson Investment Co. 9.75%, 2/15/2020 (a) | 104,550,000 | 110,561,625 | ||||||
SandRidge Energy, Inc. 7.50%, 3/15/2021 | 45,825,000 | 49,032,750 | ||||||
SESI LLC 7.13%, 12/15/2021 | 38,292,000 | 42,599,850 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp. 5.25%, 5/1/2023 (a) | 16,966,000 | 17,559,810 | ||||||
W&T Offshore, Inc. 8.50%, 6/15/2019 | 29,889,000 | 32,130,675 | ||||||
Walter Energy, Inc. 9.88%, 12/15/2020 (a)(b) | 5,795,000 | 6,461,425 | ||||||
WPX Energy, Inc. 6.00%, 1/15/2022 | 54,102,000 | 58,294,905 | ||||||
2,137,106,083 | ||||||||
PHARMACEUTICALS — 2.4% | ||||||||
ConvaTec Healthcare E SA 10.50%, 12/15/2018 (a) | 39,630,000 | 43,692,075 | ||||||
Elan Finance PLC/Elan Finance Corp. 6.25%, 10/15/2019 (a) | 15,500,000 | 16,197,500 | ||||||
Grifols, Inc. 8.25%, 2/1/2018 | 53,031,000 | 58,400,389 | ||||||
NBTY, Inc. 9.00%, 10/1/2018 | 33,050,000 | 37,346,500 | ||||||
Valeant Pharmaceuticals International: | ||||||||
6.50%, 7/15/2016 (a) | 3,125,000 | 3,285,156 | ||||||
6.88%, 12/1/2018 (a) | 39,712,000 | 42,789,680 | ||||||
VPI Escrow Corp. 6.38%, 10/15/2020 (a) | 45,480,000 | 48,777,300 | ||||||
Warner Chilcott Co. LLC/Warner Chilcott Finance LLC, Series 1 7.75%, 9/15/2018 | 51,260,000 | 54,591,900 | ||||||
305,080,500 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.8% | ||||||||
Evergrande Real Estate Group, Ltd. 13.00%, 1/27/2015 (a) | 59,525,000 | 64,584,625 | ||||||
Felcor Lodging LP 5.63%, 3/1/2023 (a) | 4,476,000 | 4,453,620 | ||||||
The Rouse Co. LP 6.75%, 11/9/2015 | 27,581,000 | 28,925,574 | ||||||
97,963,819 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.5% | ||||||||
Agile Property Holdings, Ltd. 8.88%, 4/28/2017 (a) | 31,125,000 | 33,459,375 | ||||||
Country Garden Holdings Co. 11.13%, 2/23/2018 (a) | 33,072,000 | 38,198,160 | ||||||
Kaisa Group Holdings, Ltd. 13.50%, 4/28/2015 (a) | 26,690,000 | 28,958,650 | ||||||
Longfor Properties Co., Ltd. 9.50%, 4/7/2016 (a) | 28,250,000 | 31,145,625 | ||||||
Realogy Corp., Series 1 7.88%, 2/15/2019 (a) | 35,115,000 | 38,275,350 | ||||||
Renhe Commercial Holdings Co., Ltd. 13.00%, 3/10/2016 (a) | 25,106,000 | 18,327,380 | ||||||
188,364,540 | ||||||||
ROAD & RAIL — 0.7% | ||||||||
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 8.25%, 1/15/2019 | 22,010,000 | 24,321,050 | ||||||
CHC Helicopter SA 9.25%, 10/15/2020 | 55,000,000 | 57,887,500 | ||||||
82,208,550 | ||||||||
SEMICONDUCTORS — 1.0% | ||||||||
Freescale Semiconductor, Inc. Series 1 9.25%, 4/15/2018 (a) | 66,431,000 | 72,575,868 | ||||||
Sensata Technologies BV 6.50%, 5/15/2019 (b)(a) | 23,740,000 | 25,283,100 | ||||||
STATS ChipPAC, Ltd. 7.50%, 8/12/2015 (a) | 28,885,000 | 30,762,525 | ||||||
128,621,493 | ||||||||
See accompanying notes to financial statements.
227
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
SOFTWARE — 0.7% | ||||||||
Audatex North America, Inc. 6.75%, 6/15/2018 (a) | $ | 40,755,000 | $ | 43,607,850 | ||||
IMS Health, Inc. 6.00%, 11/1/2020 (a) | 3,000,000 | 3,142,500 | ||||||
Nuance Communications, Inc. 5.38%, 8/15/2020 (a) | 44,488,000 | 46,489,960 | ||||||
93,240,310 | ||||||||
SPECIALTY RETAIL — 3.6% | ||||||||
AmeriGas Finance LLC/AmeriGas Finance Corp.: | ||||||||
6.75%, 5/20/2020 | 1,000,000 | 1,097,500 | ||||||
7.00%, 5/20/2022 | 43,435,000 | 48,321,437 | ||||||
Best Buy Co., Inc. 5.50%, 3/15/2021 | 31,129,000 | 26,381,828 | ||||||
Claire’s Stores, Inc. 9.00%, 3/15/2019 (a) | 36,250,000 | 38,878,125 | ||||||
DineEquity, Inc. 9.50%, 10/30/2018 | 35,936,000 | 40,832,280 | ||||||
Ltd Brands, Inc. 6.63%, 4/1/2021 | 48,073,000 | 55,043,585 | ||||||
Michaels Stores, Inc. 7.75%, 11/1/2018 | 32,865,000 | 36,069,337 | ||||||
Party City Holdings, Inc. 8.88%, 8/1/2020 (a) | 30,719,000 | 32,946,128 | ||||||
Phillips-Van Heusen Corp. 7.38%, 5/15/2020 | 23,549,000 | 26,404,316 | ||||||
Rite Aid Corp. 9.25%, 3/15/2020 | 41,396,000 | 44,086,740 | ||||||
Sally Holdings LLC/Sally Capital, Inc.: | ||||||||
5.75%, 6/1/2022 | 29,950,000 | 32,495,750 | ||||||
6.88%, 11/15/2019 | 21,142,000 | 23,361,910 | ||||||
Serta Simmons Holdings LLC 8.13%, 10/1/2020 (a) | 21,160,000 | 21,160,000 | ||||||
Toys R Us Property Co. II LLC 8.50%, 12/1/2017 | 24,200,000 | 25,652,000 | ||||||
452,730,936 | ||||||||
STORAGE/WAREHOUSING — 0.3% | ||||||||
Algeco Scotsman Global Finance PLC: | ||||||||
8.50%, 10/15/2018 (a) | 32,500,000 | 33,637,500 | ||||||
10.75%, 10/15/2019 (a) | 7,404,000 | 7,292,940 | ||||||
40,930,440 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.5% | ||||||||
Hanesbrands, Inc. 6.38%, 12/15/2020 | 41,979,000 | 46,176,900 | ||||||
PVH Corp. 4.50%, 12/15/2022 | 13,233,000 | 13,365,330 | ||||||
59,542,230 | ||||||||
TOBACCO — 0.3% | ||||||||
Alliance One International, Inc. 10.00%, 7/15/2016 | 30,492,000 | 32,092,830 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.0% (c) | ||||||||
United Rentals North America, Inc.: | ||||||||
5.75%, 7/15/2018 (a) | 1,000,000 | 1,077,500 | ||||||
8.38%, 9/15/2020 | 120,000 | 132,900 | ||||||
1,210,400 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 4.2% | ||||||||
Avaya, Inc. 7.00%, 4/1/2019 (a) | 50,633,000 | 47,341,855 | ||||||
Cincinnati Bell, Inc.: | ||||||||
8.38%, 10/15/2020 | 37,150,000 | 40,214,875 | ||||||
8.75%, 3/15/2018 | 500,000 | 516,250 | ||||||
Clearwire Communications LLC/Clearwire Finance, Inc. 12.00%, 12/1/2015 (a) | 50,760,000 | 54,567,000 | ||||||
CommScope, Inc. 8.25%, 1/15/2019 (a) | 72,295,000 | 79,163,025 | ||||||
Crown Castle International Corp.: | ||||||||
5.25%, 1/15/2023 (a) | 52,400,000 | 56,068,000 | ||||||
7.13%, 11/1/2019 | 3,105,000 | 3,431,025 | ||||||
MetroPCS Wireless, Inc. 7.88%, 9/1/2018 | 49,225,000 | 53,286,062 | ||||||
Sprint Nextel Corp.: | ||||||||
6.00%, 11/15/2022 | 21,300,000 | 21,885,750 | ||||||
9.00%, 11/15/2018 (a) | 137,285,000 | 169,546,975 | ||||||
526,020,817 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $11,815,780,104) | 12,230,831,994 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.7% | ||||||||
MONEY MARKET FUND — 0.7% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (d)(e)(f) (Cost $89,849,182) | 89,849,182 | 89,849,182 | ||||||
TOTAL INVESTMENTS — 98.5% (g) | ||||||||
(Cost $11,905,629,286) | 12,320,681,176 | |||||||
OTHER ASSETS & LIABILITIES — 1.5% | 181,604,327 | |||||||
NET ASSETS — 100.0% | $ | 12,502,285,503 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 37.5% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | The rate shown is the annualized seven-day yield at period end. | |||||
(f) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(g) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PIK = Payment in Kind
PLC = Public Limited Company
SCA = Societe en Commandite par Actions
ULC = Unlimited Liability Corporation
See accompanying notes to financial statements.
228
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 96.8% | ||||||||
AEROSPACE & DEFENSE — 0.7% | ||||||||
GeoEye, Inc. 9.63%, 10/1/2015 | $ | 1,000,000 | $ | 1,105,000 | ||||
Kratos Defense & Security Solutions, Inc. 10.00%, 6/1/2017 | 1,750,000 | 1,920,625 | ||||||
Sequa Corp. 7.00%, 12/15/2017 (a) | 1,187,500 | 1,194,922 | ||||||
4,220,547 | ||||||||
AIRLINES — 0.9% | ||||||||
Air Canada 9.25%, 8/1/2015 (a) | 1,750,000 | 1,828,750 | ||||||
Continental Airlines, Inc. 6.75%, 9/15/2015 (a)(b) | 2,500,000 | 2,625,000 | ||||||
United Air Lines, Inc. 9.88%, 8/1/2013 (a) | 1,224,000 | 1,230,885 | ||||||
5,684,635 | ||||||||
AUTO COMPONENTS — 0.6% | ||||||||
Affinia Group, Inc. 9.00%, 11/30/2014 | 750,000 | 750,000 | ||||||
Tower Automotive Holdings USA LLC/TA Holdings Finance, Inc. 10.63%, 9/1/2017 (a) | 1,158,000 | 1,268,010 | ||||||
TRW Automotive, Inc.: | ||||||||
7.00%, 3/15/2014 (a)(b) | 500,000 | 527,500 | ||||||
7.25%, 3/15/2017 (a)(b) | 1,000,000 | 1,151,250 | ||||||
3,696,760 | ||||||||
AUTOMOBILES — 0.1% | ||||||||
Hyva Global BV 8.63%, 3/24/2016 (a) | 950,000 | 902,500 | ||||||
BEVERAGES — 1.0% | ||||||||
CEDC Finance Corp. International, Inc. 9.13%, 12/1/2016 (a) | 750,000 | 450,000 | ||||||
Constellation Brands, Inc.: | ||||||||
7.25%, 5/15/2017 | 3,250,000 | 3,826,875 | ||||||
8.38%, 12/15/2014 | 1,880,000 | 2,100,900 | ||||||
6,377,775 | ||||||||
BUILDING PRODUCTS — 3.1% | ||||||||
Ainsworth Lumber Co., Ltd. 7.50%, 12/15/2017 (a) | 900,000 | 942,750 | ||||||
Associated Materials LLC 9.13%, 11/1/2017 | 2,000,000 | 2,030,000 | ||||||
China Shanshui Cement Group, Ltd.: | ||||||||
8.50%, 5/25/2016 (a)(b) | 750,000 | 806,250 | ||||||
10.50%, 4/27/2017 (a) | 1,000,000 | 1,145,000 | ||||||
Euramax International, Inc. 9.50%, 4/1/2016 | 900,000 | 839,250 | ||||||
Hanson Australia Funding, Ltd. 5.25%, 3/15/2013 | 1,750,000 | 1,769,250 | ||||||
Hanson PLC 6.13%, 8/15/2016 | 650,000 | 713,375 | ||||||
Jeld-Wen Escrow Corp. 12.25%, 10/15/2017 (a) | 1,000,000 | 1,155,000 | ||||||
Lafarge SA: | ||||||||
6.20%, 7/9/2015 (a) | 1,500,000 | 1,620,000 | ||||||
6.50%, 7/15/2016 | 2,276,000 | 2,543,430 | ||||||
Masco Corp.: | ||||||||
4.80%, 6/15/2015 | 1,250,000 | 1,309,356 | ||||||
6.13%, 10/3/2016 | 2,566,000 | 2,834,255 | ||||||
USG Corp. 6.30%, 11/15/2016 | 1,775,000 | 1,837,125 | ||||||
19,545,041 | ||||||||
CAPITAL MARKETS — 1.0% | ||||||||
E*TRADE Financial Corp.: | ||||||||
6.00%, 11/15/2017 | 1,400,000 | 1,431,500 | ||||||
6.75%, 6/1/2016 | 1,000,000 | 1,052,500 | ||||||
Offshore Group Investments, Ltd. 11.50%, 8/1/2015 | 3,464,000 | 3,775,760 | ||||||
6,259,760 | ||||||||
CHEMICALS — 1.4% | ||||||||
Georgia Gulf Corp. 9.00%, 1/15/2017 (a) | 950,000 | 1,056,875 | ||||||
Ineos Finance PLC 9.00%, 5/15/2015 (a) | 1,435,000 | 1,524,687 | ||||||
Ineos Group Holdings, Ltd. 8.50%, 2/15/2016 (a) | 2,000,000 | 1,990,000 | ||||||
MacDermid, Inc. 9.50%, 4/15/2017 (a) | 1,250,000 | 1,301,563 | ||||||
Momentive Performance Materials, Inc. 11.50%, 12/1/2016 | 1,000,000 | 585,000 | ||||||
Perstorp Holding AB 8.75%, 5/15/2017 (a) | 1,000,000 | 1,030,000 | ||||||
PQ Corp. 8.75%, 5/1/2018 (a) | 1,000,000 | 1,050,000 | ||||||
8,538,125 | ||||||||
COMMERCIAL BANKS — 3.4% | ||||||||
CIT Group, Inc.: | ||||||||
4.25%, 8/15/2017 | 2,788,000 | 2,870,921 | ||||||
4.75%, 2/15/2015 (a) | 2,771,000 | 2,881,840 | ||||||
5.00%, 5/15/2017 | 3,500,000 | 3,710,000 | ||||||
5.25%, 4/1/2014 (a) | 2,750,000 | 2,846,250 | ||||||
Dresdner Bank AG/New York NY 7.25%, 9/15/2015 | 1,500,000 | 1,613,158 | ||||||
Provident Funding Associates LP/PFG Finance Corp. 10.25%, 4/15/2017 (a) | 600,000 | 661,500 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
5.00%, 11/12/2013 | 875,000 | 890,266 | ||||||
5.00%, 10/1/2014 | 3,650,000 | 3,750,408 | ||||||
Synovus Financial Corp. 5.13%, 6/15/2017 | 1,750,000 | 1,732,500 | ||||||
20,956,843 | ||||||||
COMMERCIAL SERVICES — 1.4% | ||||||||
Ceridian Corp.: | ||||||||
11.25%, 11/15/2015 | 2,000,000 | 2,000,000 | ||||||
12.25%, 11/15/2015 | 1,500,000 | 1,503,750 | ||||||
National Money Mart Co. 10.38%, 12/15/2016 | 1,500,000 | 1,657,500 | ||||||
PHH Corp. 9.25%, 3/1/2016 | 1,250,000 | 1,459,375 | ||||||
RR Donnelley & Sons Co.: | ||||||||
6.13%, 1/15/2017 | 1,300,000 | 1,257,750 |
See accompanying notes to financial statements.
229
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
8.60%, 8/15/2016 | $ | 750,000 | $ | 806,250 | ||||
8,684,625 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.4% | ||||||||
ARAMARK Corp. 8.50%, 2/1/2015 | 3,550,000 | 3,567,785 | ||||||
ARAMARK Holdings Corp. PIK 8.63%, 5/1/2016 (a) | 1,250,000 | 1,279,700 | ||||||
Corrections Corp. of America 7.75%, 6/1/2017 | 1,375,000 | 1,460,938 | ||||||
DynCorp International, Inc. 10.38%, 7/1/2017 | 1,125,000 | 1,029,375 | ||||||
Education Management LLC/Education Management Finance Corp. 8.75%, 6/1/2014 | 625,000 | 501,563 | ||||||
Igloo Holdings Corp. 8.25%, 12/15/2017 (a) | 1,000,000 | 991,250 | ||||||
Jaguar Holding Co. I 9.38%, 10/15/2017 (a) | 50,000 | 52,500 | ||||||
8,883,111 | ||||||||
COMPUTERS & PERIPHERALS — 1.1% | ||||||||
Fidelity National Information Services, Inc. 7.63%, 7/15/2017 | 2,150,000 | 2,338,125 | ||||||
iGate Corp. 9.00%, 5/1/2016 | 2,225,000 | 2,411,344 | ||||||
Seagate Technology HDD Holdings 6.80%, 10/1/2016 | 2,025,000 | 2,268,000 | ||||||
7,017,469 | ||||||||
CONSTRUCTION MATERIALS — 0.4% | ||||||||
Vulcan Materials Co. 6.40%, 11/30/2017 | 1,475,000 | 1,611,438 | ||||||
West China Cement, Ltd. 7.50%, 1/25/2016 (a) | 750,000 | 729,375 | ||||||
2,340,813 | ||||||||
CONTAINERS & PACKAGING — 2.2% | ||||||||
Ardagh Packaging Finance PLC 7.38%, 10/15/2017 (a) | 1,000,000 | 1,087,500 | ||||||
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc. 7.38%, 10/15/2017 (a) | 1,500,000 | 1,629,375 | ||||||
Ball Corp. 7.13%, 9/1/2016 | 1,375,000 | 1,471,250 | ||||||
Berry Plastics Corp. 8.25%, 11/15/2015 | 1,200,000 | 1,254,000 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. III 7.63%, 5/15/2017 | 1,350,000 | 1,425,938 | ||||||
Graphic Packaging International, Inc. 9.50%, 6/15/2017 | 1,386,000 | 1,496,880 | ||||||
Owens-Brockway Glass Container, Inc. 7.38%, 5/15/2016 | 1,685,000 | 1,920,900 | ||||||
Packaging Dynamics Corp. 8.75%, 2/1/2016 (a) | 1,250,000 | 1,306,250 | ||||||
Sealed Air Corp. 7.88%, 6/15/2017 | 1,750,000 | 1,865,937 | ||||||
13,458,030 | ||||||||
DISTRIBUTORS — 0.4% | ||||||||
VWR Funding, Inc. 7.25%, 9/15/2017 (a) | 2,250,000 | 2,362,500 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 9.5% | ||||||||
Air Lease Corp.: | ||||||||
4.50%, 1/15/2016 (a) | 1,500,000 | 1,515,000 | ||||||
5.63%, 4/1/2017 | 2,500,000 | 2,650,000 | ||||||
Aircastle, Ltd. 6.75%, 4/15/2017 | 1,500,000 | 1,605,000 | ||||||
Ally Financial, Inc.: | ||||||||
3.13%, 1/15/2016 | 900,000 | 900,969 | ||||||
4.50%, 2/11/2014 | 4,123,000 | 4,241,536 | ||||||
4.63%, 6/26/2015 | 1,000,000 | 1,042,476 | ||||||
5.50%, 2/15/2017 | 1,875,000 | 2,005,806 | ||||||
6.25%, 12/1/2017 | 1,115,000 | 1,234,547 | ||||||
8.30%, 2/12/2015 | 2,875,000 | 3,202,031 | ||||||
Alphabet Holding Co, Inc. 7.75%, 11/1/2017 (a) | 1,500,000 | 1,545,000 | ||||||
CNH Capital LLC: | ||||||||
3.88%, 11/1/2015 (a) | 1,526,000 | 1,573,688 | ||||||
6.25%, 11/1/2016 | 1,000,000 | 1,102,500 | ||||||
Credit Acceptance Corp. 9.13%, 2/1/2017 | 1,150,000 | 1,256,375 | ||||||
General Motors Financial Co., Inc. 4.75%, 8/15/2017 (a) | 2,985,000 | 3,138,698 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 7.75%, 1/15/2016 | 3,000,000 | 3,108,750 | ||||||
International Lease Finance Corp.: | ||||||||
4.88%, 4/1/2015 | 1,250,000 | 1,293,850 | ||||||
5.63%, 9/20/2013 | 1,275,000 | 1,306,875 | ||||||
5.65%, 6/1/2014 | 1,500,000 | 1,560,930 | ||||||
5.75%, 5/15/2016 | 1,250,000 | 1,317,611 | ||||||
6.38%, 3/25/2013 | 2,500,000 | 2,526,250 | ||||||
6.63%, 11/15/2013 | 1,250,000 | 1,296,875 | ||||||
8.63%, 9/15/2015 | 875,000 | 983,281 | ||||||
8.75%, 3/15/2017 | 2,300,000 | 2,656,500 | ||||||
Leucadia National Corp. 8.13%, 9/15/2015 | 1,000,000 | 1,125,000 | ||||||
Nuveen Investments, Inc. 9.13%, 10/15/2017 (a) | 2,650,000 | 2,603,625 | ||||||
Royal Bank of Scotland Group PLC 5.05%, 1/8/2015 | 1,775,000 | 1,836,754 | ||||||
Springleaf Finance Corp.: | ||||||||
5.40%, 12/1/2015 | 2,000,000 | 1,890,000 | ||||||
5.75%, 9/15/2016 | 2,000,000 | 1,810,000 | ||||||
5.85%, 6/1/2013 | 2,000,000 | 2,032,500 | ||||||
6.90%, 12/15/2017 | 5,000,000 | 4,475,000 | ||||||
58,837,427 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 6.5% | ||||||||
Brightstar Corp. 9.50%, 12/1/2016 (a) | 1,250,000 | 1,331,250 | ||||||
Cincinnati Bell, Inc. 8.25%, 10/15/2017 | 1,683,000 | 1,813,433 | ||||||
Cricket Communications, Inc. 7.75%, 5/15/2016 | 2,915,000 | 3,086,256 | ||||||
Frontier Communications Corp.: | ||||||||
6.25%, 1/15/2013 | 2,650,000 | 2,653,312 |
See accompanying notes to financial statements.
230
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
7.88%, 4/15/2015 | $ | 500,000 | $ | 558,750 | ||||
8.25%, 4/15/2017 | 1,925,000 | 2,223,375 | ||||||
Inmarsat Finance PLC 7.38%, 12/1/2017 (a) | 135,000 | 145,125 | ||||||
Integra Telecom Holdings, Inc. 10.75%, 4/15/2016 (a) | 1,250,000 | 1,306,250 | ||||||
Intelsat Investments SA 6.50%, 11/1/2013 | 1,000,000 | 1,037,500 | ||||||
Intelsat Luxembourg SA 11.25%, 2/4/2017 | 7,000,000 | 7,402,500 | ||||||
PAETEC Holding Corp. 8.88%, 6/30/2017 | 1,875,000 | 2,010,938 | ||||||
Sable International Finance, Ltd. 7.75%, 2/15/2017 (a) | 1,000,000 | 1,070,000 | ||||||
Sprint Nextel Corp. 9.13%, 3/1/2017 | 3,500,000 | 4,121,250 | ||||||
Telesat Canada/Telesat LLC 6.00%, 5/15/2017 (a) | 2,583,000 | 2,712,150 | ||||||
Trilogy International Partners LLC/Trilogy International Finance, Inc. 10.25%, 8/15/2016 (a)(b) | 250,000 | 220,000 | ||||||
West Corp. 11.00%, 10/15/2016 | 810,000 | 842,400 | ||||||
Wind Acquisition Finance SA 11.75%, 7/15/2017 (a) | 4,600,000 | 4,818,500 | ||||||
Windstream Corp. 7.88%, 11/1/2017 | 2,875,000 | 3,234,375 | ||||||
40,587,364 | ||||||||
ELECTRIC UTILITIES — 4.2% | ||||||||
Calpine Construction Finance Co. LP/CCFC Finance Corp. 8.00%, 6/1/2016 (a) | 2,250,000 | 2,390,625 | ||||||
Calpine Corp. 7.25%, 10/15/2017 (a) | 3,000,000 | 3,195,000 | ||||||
DPL, Inc. 6.50%, 10/15/2016 | 1,750,000 | 1,850,625 | ||||||
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc. 6.88%, 8/15/2017 (a) | 1,250,000 | 1,331,250 | ||||||
GenOn Energy, Inc. 7.63%, 6/15/2014 | 1,600,000 | 1,708,000 | ||||||
Intergen NV 9.00%, 6/30/2017 (a)(b) | 3,000,000 | 2,685,000 | ||||||
Ipalco Enterprises, Inc. 7.25%, 4/1/2016 (a) | 1,000,000 | 1,110,000 | ||||||
RRI Energy, Inc. 7.88%, 6/15/2017 | 1,900,000 | 2,099,500 | ||||||
Texas Competitive Electric Holdings Co. LLC 10.25%, 11/1/2015 | 3,500,000 | 1,015,000 | ||||||
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc. 10.25%, 11/1/2015 | 1,500,000 | 420,000 | ||||||
The AES Corp.: | ||||||||
7.75%, 3/1/2014 (b) | 750,000 | 798,750 | ||||||
7.75%, 10/15/2015 (b) | 1,150,000 | 1,290,875 | ||||||
8.00%, 10/15/2017 | 3,231,000 | 3,731,805 | ||||||
9.75%, 4/15/2016 (b) | 2,250,000 | 2,688,750 | ||||||
26,315,180 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.5% | ||||||||
CDW LLC/CDW Finance Corp. 12.54%, 10/12/2017 | 1,608,000 | 1,718,550 | ||||||
WireCo WorldGroup, Inc. 9.50%, 5/15/2017 (b) | 1,300,000 | 1,378,000 | ||||||
3,096,550 | ||||||||
ENGINEERING & CONSTRUCTION — 0.3% | ||||||||
Abengoa Finance SAU 8.88%, 11/1/2017 (a) | 2,000,000 | 1,880,000 | ||||||
FOOD PRODUCTS — 1.9% | ||||||||
Bumble Bee Acquisition Corp. 9.00%, 12/15/2017 (a) | 1,500,000 | 1,612,500 | ||||||
Dean Foods Co. 7.00%, 6/1/2016 | 1,653,000 | 1,814,168 | ||||||
Ingles Markets, Inc. 8.88%, 5/15/2017 | 1,725,000 | 1,839,281 | ||||||
JBS USA LLC/JBS USA Finance, Inc. 11.63%, 5/1/2014 | 1,975,000 | 2,207,062 | ||||||
Pinnacle Foods Finance LLC/Pinnacle Foods Finance Corp.: | ||||||||
8.25%, 9/1/2017 | 2,000,000 | 2,130,000 | ||||||
9.25%, 4/1/2015 | 696,000 | 706,440 | ||||||
Smithfield Foods, Inc. 7.75%, 7/1/2017 | 1,150,000 | 1,339,750 | ||||||
11,649,201 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.6% | ||||||||
Accellent, Inc. 8.38%, 2/1/2017 | 500,000 | 525,000 | ||||||
Alere, Inc. 9.00%, 5/15/2016 | 1,090,000 | 1,149,950 | ||||||
Bausch & Lomb, Inc. 9.88%, 11/1/2015 | 700,000 | 721,000 | ||||||
Fresenius US Finance II, Inc. 9.00%, 7/15/2015 (a)(b) | 1,250,000 | 1,440,625 | ||||||
3,836,575 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.7% | ||||||||
Apria Healthcare Group, Inc. 11.25%, 11/1/2014 | 2,128,000 | 2,199,820 | ||||||
Capella Healthcare, Inc. 9.25%, 7/1/2017 (b) | 1,500,000 | 1,608,750 | ||||||
CDRT Holding Corp. 9.25%, 10/1/2017 (a) | 1,000,000 | 1,020,000 | ||||||
Centene Corp. 5.75%, 6/1/2017 | 1,000,000 | 1,075,000 | ||||||
Fresenius Medical Care US Finance, Inc. 6.88%, 7/15/2017 | 1,250,000 | 1,425,000 | ||||||
HCA, Inc.: | ||||||||
5.75%, 3/15/2014 | 1,750,000 | 1,828,750 | ||||||
6.25%, 2/15/2013 | 1,250,000 | 1,256,250 | ||||||
6.50%, 2/15/2016 | 3,250,000 | 3,534,375 | ||||||
6.75%, 7/15/2013 | 1,948,000 | 1,996,700 | ||||||
Health Management Associates, Inc. 6.13%, 4/15/2016 | 1,250,000 | 1,350,000 |
See accompanying notes to financial statements.
231
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Health Net, Inc. 6.38%, 6/1/2017 | $ | 1,000,000 | $ | 1,061,250 | ||||
Radiation Therapy Services, Inc.: | ||||||||
8.88%, 1/15/2017 | 1,000,000 | 980,000 | ||||||
9.88%, 4/15/2017 | 750,000 | 528,750 | ||||||
Tenet Healthcare Corp. 9.25%, 2/1/2015 | 1,425,000 | 1,599,562 | ||||||
Universal Health Services, Inc. 7.13%, 6/30/2016 (b) | 1,125,000 | 1,282,500 | ||||||
22,746,707 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.6% | ||||||||
Caesars Entertainment Operating Co., Inc.: | ||||||||
10.75%, 2/1/2016 | 1,824,000 | 1,477,440 | ||||||
11.25%, 6/1/2017 | 5,425,000 | 5,811,531 | ||||||
CityCenter Holdings LLC/CityCenter Finance Corp. 7.63%, 1/15/2016 | 2,675,000 | 2,862,250 | ||||||
Marina District Finance Co., Inc. 9.50%, 10/15/2015 | 1,000,000 | 970,000 | ||||||
MGM Mirage, Inc.: | ||||||||
6.63%, 7/15/2015 | 1,872,000 | 2,007,720 | ||||||
7.63%, 1/15/2017 | 1,375,000 | 1,471,250 | ||||||
MGM Resorts International: | ||||||||
5.88%, 2/27/2014 | 1,750,000 | 1,820,000 | ||||||
7.50%, 6/1/2016 | 1,500,000 | 1,608,750 | ||||||
10.00%, 11/1/2016 | 1,000,000 | 1,157,500 | ||||||
Royal Caribbean Cruises, Ltd. 7.25%, 6/15/2016 | 1,500,000 | 1,695,000 | ||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. 7.88%, 11/1/2017 | 1,500,000 | 1,627,500 | ||||||
22,508,941 | ||||||||
HOUSEHOLD DURABLES — 1.4% | ||||||||
DR Horton, Inc. 4.75%, 5/15/2017 | 1,750,000 | 1,859,375 | ||||||
Jarden Corp. 7.50%, 5/1/2017 | 1,844,000 | 2,076,805 | ||||||
Lennar Corp.: | ||||||||
Series B 5.60%, 5/31/2015 | 1,081,000 | 1,151,265 | ||||||
12.25%, 6/1/2017 | 1,000,000 | 1,342,500 | ||||||
Toll Brothers Finance Corp. 8.91%, 10/15/2017 | 1,625,000 | 2,051,839 | ||||||
8,481,784 | ||||||||
HOUSEHOLD PRODUCTS — 0.2% | ||||||||
American Achievement Corp. 10.88%, 4/15/2016 (a) | 1,250,000 | 1,068,750 | ||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.0% (c) | ||||||||
Edison Mission Energy 7.50%, 6/15/2013 (d) | 500,000 | 263,750 | ||||||
INDUSTRIAL CONGLOMERATES — 0.5% | ||||||||
Polypore International, Inc. 7.50%, 11/15/2017 | 1,000,000 | 1,090,000 | ||||||
SPX Corp. 7.63%, 12/15/2014 | 1,780,000 | 1,949,100 | ||||||
3,039,100 | ||||||||
IT SERVICES — 2.1% | ||||||||
Alliance Data Systems Corp. 5.25%, 12/1/2017 (a) | 900,000 | 913,500 | ||||||
First Data Corp.: | ||||||||
9.88%, 9/24/2015 | 1,500,000 | 1,530,000 | ||||||
11.25%, 3/31/2016 | 5,875,000 | 5,757,500 | ||||||
First Data Corp. PIK 10.55%, 9/24/2015 | 2,375,000 | 2,431,406 | ||||||
GXS Worldwide, Inc. 9.75%, 6/15/2015 | 2,384,000 | 2,485,320 | ||||||
13,117,726 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 1.4% | ||||||||
Easton-Bell Sports, Inc. 9.75%, 12/1/2016 | 910,000 | 978,341 | ||||||
Equinox Holdings, Inc. 9.50%, 2/1/2016 (a)(b) | 1,000,000 | 1,055,000 | ||||||
NCL Corp. Ltd. 11.75%, 11/15/2016 | 1,320,000 | 1,491,600 | ||||||
Royal Caribbean Cruises, Ltd.: | ||||||||
6.88%, 12/1/2013 | 1,000,000 | 1,043,750 | ||||||
7.00%, 6/15/2013 | 1,500,000 | 1,537,500 | ||||||
Sabre Holdings Corp. 8.35%, 3/15/2016 | 1,057,000 | 1,125,705 | ||||||
Travelport LLC 9.88%, 9/1/2014 | 1,500,000 | 1,321,875 | ||||||
8,553,771 | ||||||||
MACHINERY — 1.6% | ||||||||
Cascades, Inc. 7.75%, 12/15/2017 | 583,000 | 616,522 | ||||||
Case New Holland, Inc.: | ||||||||
7.75%, 9/1/2013 (b) | 3,375,000 | 3,510,000 | ||||||
7.88%, 12/1/2017 | 3,500,000 | 4,138,750 | ||||||
SPX Corp. 6.88%, 9/1/2017 | 1,250,000 | 1,393,750 | ||||||
9,659,022 | ||||||||
MEDIA — 6.6% | ||||||||
Affinion Group, Inc. 11.50%, 10/15/2015 | 750,000 | 609,375 | ||||||
American Media, Inc. 11.50%, 12/15/2017 | 1,000,000 | 920,000 | ||||||
Cablevision Systems Corp. 8.63%, 9/15/2017 | 2,550,000 | 2,973,937 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp. 7.25%, 10/30/2017 | 2,750,000 | 2,997,500 | ||||||
Cengage Learn Aquisitions, Inc. 10.50%, 1/15/2015 (a) | 750,000 | 255,000 | ||||||
Cequel Communications Holdings I LLC and Cequel Capital Corp. 8.63%, 11/15/2017 (a) | 2,250,000 | 2,407,500 | ||||||
Clear Channel Communications, Inc.: | ||||||||
5.50%, 9/15/2014 | 1,250,000 | 1,165,625 | ||||||
10.75%, 8/1/2016 | 2,000,000 | 1,510,000 |
See accompanying notes to financial statements.
232
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
DISH DBS Corp.: | ||||||||
4.63%, 7/15/2017 | $ | 1,550,000 | $ | 1,615,875 | ||||
6.63%, 10/1/2014 | 2,750,000 | 2,956,250 | ||||||
7.00%, 10/1/2013 | 1,363,000 | 1,417,520 | ||||||
7.13%, 2/1/2016 | 4,000,000 | 4,480,000 | ||||||
7.75%, 5/31/2015 | 1,625,000 | 1,817,969 | ||||||
Entravision Communications Corp. 8.75%, 8/1/2017 (b) | 892,000 | 967,820 | ||||||
inVentiv Health, Inc. 9.00%, 1/15/2018 (a)(b) | 300,000 | 303,000 | ||||||
Lamar Media Corp. 9.75%, 4/1/2014 | 750,000 | 821,250 | ||||||
Lions Gate Entertainment, Inc. 10.25%, 11/1/2016 (a) | 1,500,000 | 1,659,375 | ||||||
Mohegan Tribal Gaming Authority 10.50%, 12/15/2016 (a)(b) | 1,350,000 | 1,323,000 | ||||||
Palace Entertainment Holdings LLC/Palace Entertainment Holdings Corp. 8.88%, 4/15/2017 (a) | 1,250,000 | 1,315,625 | ||||||
Pinnacle Entertainment, Inc. 8.63%, 8/1/2017 | 1,250,000 | 1,342,188 | ||||||
Quebecor Media, Inc. 7.75%, 3/15/2016 | 1,179,000 | 1,208,475 | ||||||
Shingle Springs Tribal Gaming Authority 9.38%, 6/15/2015 (a)(b) | 1,250,000 | 1,218,750 | ||||||
Sinclair Television Group, Inc. 9.25%, 11/1/2017 (a) | 1,240,000 | 1,364,000 | ||||||
Sirius XM Radio, Inc. 8.75%, 4/1/2015 (a) | 2,250,000 | 2,548,125 | ||||||
Visant Corp. 10.00%, 10/1/2017 | 2,250,000 | 2,019,375 | ||||||
41,217,534 | ||||||||
METALS & MINING — 5.9% | ||||||||
ArcelorMittal: | ||||||||
4.25%, 2/25/2015 | 1,000,000 | 1,010,062 | ||||||
4.25%, 8/5/2015 | 2,000,000 | 2,020,148 | ||||||
4.25%, 3/1/2016 | 1,250,000 | 1,254,859 | ||||||
5.00%, 2/25/2017 | 3,000,000 | 3,028,185 | ||||||
5.38%, 6/1/2013 | 2,500,000 | 2,525,102 | ||||||
9.50%, 2/15/2015 | 1,500,000 | 1,669,251 | ||||||
ArcelorMittal USA, Inc. 6.50%, 4/15/2014 | 1,000,000 | 1,039,168 | ||||||
China Oriental Group Co., Ltd. 8.00%, 8/18/2015 (a) | 1,000,000 | 1,030,000 | ||||||
Commercial Metals Co. 6.50%, 7/15/2017 (b) | 550,000 | 587,125 | ||||||
Consolidated Minerals, Ltd. 8.88%, 5/1/2016 (a)(b) | 250,000 | 215,000 | ||||||
Essar Steel Algoma, Inc.: | ||||||||
9.38%, 3/15/2015 (a)(b) | 1,000,000 | 905,000 | ||||||
9.88%, 6/15/2015 (a) | 750,000 | 513,750 | ||||||
Ferrexpo Finance PLC 7.88%, 4/7/2016 (a)(b) | 750,000 | 727,500 | ||||||
FMG Resources August 2006 Pty, Ltd.: | ||||||||
6.00%, 4/1/2017 (a) | 2,750,000 | 2,805,000 | ||||||
6.38%, 2/1/2016 (a) | 1,500,000 | 1,552,500 | ||||||
7.00%, 11/1/2015 (a) | 5,750,000 | 6,037,500 | ||||||
Mueller Water Products, Inc. 7.38%, 6/1/2017 | 1,575,000 | 1,626,188 | ||||||
Ryerson, Inc./Joseph T Ryerson & Son, Inc. 9.00%, 10/15/2017 (a)(b) | 1,750,000 | 1,785,000 | ||||||
Schaeffler Finance BV 7.75%, 2/15/2017 (a)(b) | 1,750,000 | 1,942,500 | ||||||
Steel Dynamics, Inc. 6.75%, 4/1/2015 | 1,700,000 | 1,721,250 | ||||||
Thompson Creek Metals Co., Inc. 9.75%, 12/1/2017 | 400,000 | 424,000 | ||||||
United States Steel Corp. 6.05%, 6/1/2017 | 1,250,000 | 1,309,375 | ||||||
Winsway Coking Coal Holding, Ltd. 8.50%, 4/8/2016 (a) | 750,000 | 631,875 | ||||||
36,360,338 | ||||||||
MULTILINE RETAIL — 1.0% | ||||||||
Rite Aid Corp. 9.50%, 6/15/2017 | 2,000,000 | 2,087,500 | ||||||
SUPERVALU, Inc.: | ||||||||
7.50%, 11/15/2014 | 1,500,000 | 1,455,000 | ||||||
8.00%, 5/1/2016 | 2,875,000 | 2,738,438 | ||||||
6,280,938 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 10.7% | ||||||||
Afren PLC 11.50%, 2/1/2016 (a) | 1,250,000 | 1,446,875 | ||||||
Arch Coal, Inc. 8.75%, 8/1/2016 | 1,750,000 | 1,820,000 | ||||||
Aurora USA Oil & Gas, Inc. 9.88%, 2/15/2017 (a)(b) | 750,000 | 802,500 | ||||||
Chesapeake Energy Corp.: | ||||||||
6.50%, 8/15/2017 | 1,500,000 | 1,627,500 | ||||||
9.50%, 2/15/2015 | 4,375,000 | 4,943,750 | ||||||
Cie Generale de Geophysique — Veritas 7.75%, 5/15/2017 | 1,250,000 | 1,300,000 | ||||||
CITIC Resources Finance 2007, Ltd. 6.75%, 5/15/2014 (a) | 2,701,000 | 2,836,050 | ||||||
Consol Energy, Inc. 8.00%, 4/1/2017 | 4,000,000 | 4,330,000 | ||||||
Denbury Resources, Inc. 9.75%, 3/1/2016 | 1,385,000 | 1,468,100 | ||||||
Drill Rigs Holdings, Inc. 6.50%, 10/1/2017 (a) | 2,278,000 | 2,266,610 | ||||||
El Paso Corp. 7.00%, 6/15/2017 | 1,648,000 | 1,882,573 | ||||||
Energy XXI Gulf Coast, Inc. 9.25%, 12/15/2017 | 2,000,000 | 2,285,000 | ||||||
EPE Holdings LLC/EP Energy Bond Co., Inc. 8.13%, 12/15/2017 (a) | 1,000,000 | 991,250 | ||||||
Expro Finance Luxembourg SCA 8.50%, 12/15/2016 (a) | 2,710,000 | 2,831,950 | ||||||
Foresight Energy LLC/Foresight Energy Corp. 9.63%, 8/15/2017 (a)(b) | 1,726,000 | 1,846,820 | ||||||
Hidili Industry International Development, Ltd. 8.63%, 11/4/2015 (a) | 750,000 | 585,000 |
See accompanying notes to financial statements.
233
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Kinder Morgan Finance Co. ULC 5.70%, 1/5/2016 | $ | 2,495,000 | $ | 2,727,362 | ||||
Maritimes & Northeast Pipeline LLC 7.50%, 5/31/2014 (a) | 858,000 | 902,359 | ||||||
MIE Holdings Corp. 9.75%, 5/12/2016 (a) | 1,250,000 | 1,356,250 | ||||||
Murray Energy Corp. 10.25%, 10/15/2015 (a) | 1,500,000 | 1,455,000 | ||||||
NGPL PipeCo LLC 7.12%, 12/15/2017 (a) | 3,000,000 | 3,270,000 | ||||||
Pacific Drilling V, Ltd. 7.25%, 12/1/2017 (a)(b) | 1,400,000 | 1,452,500 | ||||||
Peabody Energy Corp. 7.38%, 11/1/2016 | 2,000,000 | 2,290,000 | ||||||
Quicksilver Resources, Inc.: | ||||||||
7.13%, 4/1/2016 | 1,500,000 | 1,200,000 | ||||||
8.25%, 8/1/2015 | 700,000 | 647,500 | ||||||
11.75%, 1/1/2016 | 1,500,000 | 1,481,250 | ||||||
Rockies Express Pipeline LLC: | ||||||||
3.90%, 4/15/2015 (a)(b) | 1,500,000 | 1,492,500 | ||||||
6.25%, 7/15/2013 (a) | 1,250,000 | 1,278,125 | ||||||
Sabine Pass LNG LP 7.50%, 11/30/2016 | 3,490,000 | 3,847,725 | ||||||
SandRidge Energy, Inc. 9.88%, 5/15/2016 | 875,000 | 942,813 | ||||||
Seadrill, Ltd. 5.63%, 9/15/2017 (a) | 2,650,000 | 2,630,125 | ||||||
Stone Energy Corp. 8.63%, 2/1/2017 | 1,050,000 | 1,127,437 | ||||||
Tesoro Corp. 4.25%, 10/1/2017 | 2,475,000 | 2,561,625 | ||||||
Vulcan Materials Co. 6.50%, 12/1/2016 | 1,115,000 | 1,229,287 | ||||||
WPX Energy, Inc. 5.25%, 1/15/2017 | 1,250,000 | 1,325,000 | ||||||
66,480,836 | ||||||||
PAPER & FOREST PRODUCTS — 0.5% | ||||||||
Longview Fibre Paper & Packaging, Inc. 8.00%, 6/1/2016 (a) | 1,500,000 | 1,575,000 | ||||||
Sappi Papier Holding GmbH 7.75%, 7/15/2017 (a) | 1,450,000 | 1,580,500 | ||||||
3,155,500 | ||||||||
PHARMACEUTICALS — 0.6% | ||||||||
Valeant Pharmaceuticals International: | ||||||||
6.50%, 7/15/2016 (a) | 2,477,000 | 2,603,946 | ||||||
6.75%, 10/1/2017 (a) | 1,000,000 | 1,080,000 | ||||||
3,683,946 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.1% | ||||||||
DuPont Fabros Technology LP 8.50%, 12/15/2017 | 1,500,000 | 1,638,750 | ||||||
Evergrande Real Estate Group, Ltd. 13.00%, 1/27/2015 (a) | 3,490,000 | 3,786,650 | ||||||
Felcor Lodging LP 10.00%, 10/1/2014 (b) | 1,250,000 | 1,443,750 | ||||||
Host Hotels & Resorts LP: | ||||||||
6.75%, 6/1/2016 | 516,000 | 527,610 | ||||||
9.00%, 5/15/2017 | 1,500,000 | 1,605,000 | ||||||
iStar Financial, Inc. Series B 5.95%, 10/15/2013 | 1,050,000 | 1,072,312 | ||||||
The Rouse Co. LP 6.75%, 11/9/2015 | 3,036,000 | 3,184,005 | ||||||
13,258,077 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.9% | ||||||||
Agile Property Holdings, Ltd. 8.88%, 4/28/2017 (a) | 2,250,000 | 2,418,750 | ||||||
Atlantic Finance, Ltd. 10.75%, 5/27/2014 (a) | 1,250,000 | 1,341,612 | ||||||
CBRE Services, Inc. 11.63%, 6/15/2017 | 1,000,000 | 1,100,000 | ||||||
Country Garden Holdings Co., Ltd. 11.25%, 4/22/2017 (a) | 2,625,000 | 2,953,125 | ||||||
Crescent Resources LLC/Crescent Ventures, Inc. 10.25%, 8/15/2017 (a) | 1,500,000 | 1,582,500 | ||||||
Kaisa Group Holdings, Ltd. 13.50%, 4/28/2015 (a) | 1,750,000 | 1,898,750 | ||||||
Longfor Properties Co., Ltd. 9.50%, 4/7/2016 (a) | 1,750,000 | 1,929,375 | ||||||
Realogy Corp. 11.50%, 4/15/2017 | 1,650,000 | 1,786,125 | ||||||
Renhe Commercial Holdings Co., Ltd. 13.00%, 3/10/2016 (a) | 500,000 | 365,000 | ||||||
Shanghai Industrial Urban Development Group, Ltd. 9.75%, 7/23/2014 (a)(b) | 250,000 | 268,125 | ||||||
Shimao Property Holdings, Ltd. 8.00%, 12/1/2016 (a) | 1,000,000 | 1,032,500 | ||||||
Susser Holdings LLC/Susser Finance Corp. 8.50%, 5/15/2016 | 1,075,000 | 1,142,188 | ||||||
17,818,050 | ||||||||
RETAIL — 0.5% | ||||||||
Tops Holding Corp./Tops Markets LLC: | ||||||||
8.88%, 12/15/2017 (a) | 1,900,000 | 1,971,250 | ||||||
10.13%, 10/15/2015 | 1,000,000 | 1,055,000 | ||||||
3,026,250 | ||||||||
SEMICONDUCTORS — 0.3% | ||||||||
STATS ChipPAC, Ltd. 7.50%, 8/12/2015 (a) | 1,750,000 | 1,863,750 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.1% | ||||||||
Advanced Micro Devices, Inc. 8.13%, 12/15/2017 | 1,000,000 | 912,500 | ||||||
SPECIALTY RETAIL — 3.6% | ||||||||
Best Buy Co., Inc. 3.75%, 3/15/2016 | 2,979,000 | 2,785,365 | ||||||
Dollar General Corp. 4.13%, 7/15/2017 | 1,485,000 | 1,559,250 | ||||||
Limited Brands, Inc. 6.90%, 7/15/2017 (b) | 1,875,000 | 2,151,562 | ||||||
Logan’s Roadhouse, Inc. 10.75%, 10/15/2017 | 1,600,000 | 1,486,000 | ||||||
Michaels Stores, Inc. 11.38%, 11/1/2016 (b) | 1,250,000 | 1,306,250 |
See accompanying notes to financial statements.
234
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Petco Holdings, Inc. PIK 8.50%, 10/15/2017 (a) | $ | 1,800,000 | $ | 1,849,500 | ||||
Rite Aid Corp.: | ||||||||
7.50%, 3/1/2017 | 1,750,000 | 1,798,125 | ||||||
9.75%, 6/12/2016 | 1,063,000 | 1,150,697 | ||||||
10.38%, 7/15/2016 | 945,000 | 999,338 | ||||||
Toys R Us - Delaware, Inc. 7.38%, 9/1/2016 (a) | 1,000,000 | 1,022,500 | ||||||
Toys R Us Property Co. I LLC 10.75%, 7/15/2017 | 2,800,000 | 3,017,000 | ||||||
Toys R Us Property Co. II LLC 8.50%, 12/1/2017 | 1,686,000 | 1,787,160 | ||||||
Toys R Us, Inc. 10.38%, 8/15/2017 | 1,250,000 | 1,303,125 | ||||||
22,215,872 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.3% | ||||||||
Hanesbrands, Inc. 8.00%, 12/15/2016 (b) | 750,000 | 823,125 | ||||||
Quiksilver, Inc. 6.88%, 4/15/2015 | 1,254,000 | 1,232,055 | ||||||
2,055,180 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Zoomlion HK SPV Co., Ltd. 6.88%, 4/5/2017 (a) | 500,000 | 535,000 | ||||||
TOBACCO — 0.3% | ||||||||
Alliance One International, Inc. 10.00%, 7/15/2016 | 1,800,000 | 1,894,500 | ||||||
TRANSPORTATION INFRASTRUCTURE — 0.8% | ||||||||
AWAS Aviation Capital, Ltd. 7.00%, 10/17/2016 (a) | 808,000 | 852,440 | ||||||
CMA CGM SA 8.50%, 4/15/2017 (a) | 500,000 | 398,750 | ||||||
Florida East Coast Railway Corp. 8.13%, 2/1/2017 | 1,015,000 | 1,075,900 | ||||||
Navios Maritime Acquisition Corp./Navios Acquisition Finance US, Inc. 8.63%, 11/1/2017 | 1,000,000 | 937,500 | ||||||
Navios Maritime Holdings, Inc./Navios Maritime Finance US, Inc. 8.88%, 11/1/2017 | 1,915,000 | 1,910,213 | ||||||
5,174,803 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.4% | ||||||||
Avaya, Inc.: | ||||||||
9.75%, 11/1/2015 | 1,750,000 | 1,557,500 | ||||||
10.13%, 11/1/2015 | 2,250,000 | 2,013,750 | ||||||
Clearwire Communications LLC/Clearwire Finance, Inc.: | ||||||||
12.00%, 12/1/2015 (a) | 1,750,000 | 1,872,500 | ||||||
12.00%, 12/1/2015 (a) | 4,500,000 | 4,837,500 | ||||||
12.00%, 12/1/2017 (a) | 1,000,000 | 1,180,000 | ||||||
Sprint Nextel Corp.: | ||||||||
6.00%, 12/1/2016 | 4,750,000 | 5,165,625 | ||||||
8.38%, 8/15/2017 | 2,500,000 | 2,906,250 | ||||||
Windstream Corp. 8.13%, 8/1/2013 | 1,750,000 | 1,815,625 | ||||||
21,348,750 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $595,942,681) | 601,852,206 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 3.3% | ||||||||
MONEY MARKET FUND — 3.3% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f)(g) (Cost $20,631,422) | 20,631,422 | 20,631,422 | ||||||
TOTAL INVESTMENTS — 100.1% (h) | ||||||||
(Cost $616,574,103) | 622,483,628 | |||||||
OTHER ASSETS & LIABILITIES — (0.1)% | (863,108 | ) | ||||||
NET ASSETS — 100.0% | $ | 621,620,520 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 29.1% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Security is currently in default and/or issuer is in bankruptcy. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(h) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PIK = Payment in Kind
PLC = Public Limited Company
SCA = Societe en Commandite par Actions
ULC = Unlimited Liability Corporation
See accompanying notes to financial statements.
235
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 95.1% | ||||||||
AEROSPACE & DEFENSE — 0.3% | ||||||||
United Technologies Corp. 0.81%, 6/1/2015 (a) | $ | 50,000 | $ | 50,493 | ||||
AUTOMOBILES — 1.3% | ||||||||
Daimler Finance North America LLC 1.51%, 9/13/2013 (a)(b) | 114,000 | 114,638 | ||||||
Volkswagen International Finance NV 0.97%, 4/1/2014 (a)(b) | 80,000 | 80,258 | ||||||
194,896 | ||||||||
BEVERAGES — 3.4% | ||||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
0.86%, 1/27/2014 (a) | 100,000 | 100,527 | ||||||
1.04%, 3/26/2013 (a) | 91,000 | 91,167 | ||||||
PepsiCo, Inc. 0.39%, 5/10/2013 (a) | 50,000 | 50,030 | ||||||
The Coca-Cola Co. 0.26%, 3/14/2014 (a) | 275,000 | 274,926 | ||||||
516,650 | ||||||||
CAPITAL MARKETS — 10.6% | ||||||||
Morgan Stanley: | ||||||||
0.82%, 10/15/2015 (a)(c) | 250,000 | 242,241 | ||||||
1.92%, 1/24/2014 (a)(c) | 438,000 | 440,825 | ||||||
Svensk Exportkredit AB 1.06%, 8/14/2014 (a) | 100,000 | 101,028 | ||||||
The Bear Stearns Cos LLC 0.70%, 11/21/2016 (a) | 150,000 | 147,589 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
0.72%, 7/22/2015 (a) | 100,000 | 98,122 | ||||||
0.76%, 3/22/2016 (a) | 170,000 | 165,013 | ||||||
0.91%, 9/29/2014 (a) | 366,000 | 364,472 | ||||||
1.31%, 11/21/2014 (a)(c) | 50,000 | 50,140 | ||||||
1,609,430 | ||||||||
CHEMICALS — 1.6% | ||||||||
EI du Pont de Nemours & Co. 0.73%, 3/25/2014 (a) | 250,000 | 251,195 | ||||||
COMMERCIAL BANKS — 35.3% | ||||||||
Abbey National Treasury Services PLC 1.89%, 4/25/2014 (a) | 111,000 | 110,746 | ||||||
African Development Bank 0.64%, 8/4/2014 (a) | 76,000 | 76,347 | ||||||
ANZ National International Ltd./New Zealand 1.31%, 12/20/2013 (a)(b) | 150,000 | 151,349 | ||||||
Australia & New Zealand Banking Group Ltd. 1.09%, 1/10/2014 (a)(b) | 195,000 | 196,218 | ||||||
Bank of Montreal 0.78%, 4/29/2014 (a) | 20,000 | 20,086 | ||||||
Barclays Bank PLC 1.38%, 1/13/2014 (a)(c) | 138,000 | 138,697 | ||||||
BB&T Corp. 1.01%, 4/28/2014 (a) | 150,000 | 150,942 | ||||||
BNP Paribas SA: | ||||||||
0.75%, 4/8/2013 (a) | 122,000 | 122,025 | ||||||
1.25%, 1/10/2014 (a)(c) | 165,000 | 165,501 | ||||||
BPCE SA 2.06%, 2/7/2014 (a)(b) | 150,000 | 151,663 | ||||||
Commonwealth Bank of Australia: | ||||||||
0.81%, 6/25/2014 (a)(b) | 50,000 | 50,366 | ||||||
0.86%, 3/19/2013 (a)(b) | 300,000 | 300,334 | ||||||
1.01%, 8/7/2013 (a)(b) | 30,000 | 30,069 | ||||||
1.04%, 3/17/2014 (a)(b)(c) | 100,000 | 100,632 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 0.52%, 7/25/2013 (a) | 92,000 | 92,049 | ||||||
Credit Agricole SA/London 1.77%, 1/21/2014 (a)(b) | 114,000 | 114,952 | ||||||
Danske Bank A/S 1.39%, 4/14/2014 (a)(b) | 20,000 | 19,823 | ||||||
Dexia Credit Local/New York 0.71%, 3/5/2013 (a)(b) | 92,000 | 91,877 | ||||||
Fifth Third Bank/Ohio 0.42%, 5/17/2013 (a) | 50,000 | 49,988 | ||||||
HSBC Bank PLC 0.74%, 5/15/2013 (a)(b) | 244,000 | 244,339 | ||||||
ING Bank NV: | ||||||||
1.36%, 3/15/2013 (a)(b) | 164,000 | 164,246 | ||||||
1.95%, 9/25/2015 (a)(b)(c) | 200,000 | 202,214 | ||||||
Inter-American Development Bank 0.76%, 5/20/2014 (a)(c) | 76,000 | 76,537 | ||||||
Intesa Sanpaolo SpA 2.71%, 2/24/2014 (a)(b) | 114,000 | 113,873 | ||||||
Kfw Bakengruppe: | ||||||||
0.31%, 3/17/2014 (a) | 190,000 | 189,864 | ||||||
0.51%, 1/17/2014 (a) | 75,000 | 75,109 | ||||||
Kommunalbanken AS 0.56%, 4/1/2015 (a)(b) | 100,000 | 100,201 | ||||||
Landwirtschaftliche Rentenbank 0.44%, 1/28/2014 (a)(b) | 76,000 | 75,960 | ||||||
Lloyds TSB Bank PLC 2.67%, 1/24/2014 (a) | 92,000 | 93,757 | ||||||
National Australia Bank, Ltd. 1.07%, 12/10/2013 (a)(b) | 182,000 | 183,170 | ||||||
Nordea Bank AB 1.24%, 1/14/2014 (a)(b) | 35,000 | 35,253 | ||||||
PNC Funding Corp. 0.51%, 1/31/2014 (a) | 116,000 | 116,049 | ||||||
Royal Bank of Canada: | ||||||||
0.63%, 4/17/2014 (a) | 122,000 | 122,244 | ||||||
1.01%, 10/30/2014 (a) | 150,000 | 151,376 | ||||||
Standard Chartered PLC 1.26%, 5/12/2014 (a)(b) | 15,000 | 15,049 | ||||||
SunTrust Bank/Atlanta GA 0.60%, 8/24/2015 (a) | 50,000 | 48,575 | ||||||
The Bank of New York Mellon Corp. 0.59%, 1/31/2014 (a) | 76,000 | 76,187 | ||||||
The Toronto-Dominion Bank: | ||||||||
0.49%, 7/26/2013 (a) | 74,000 | 74,060 | ||||||
0.64%, 7/14/2014 (a) | 200,000 | 200,680 | ||||||
UBS AG/Stamford CT 1.31%, 1/28/2014 (a) | 27,000 | 27,166 | ||||||
Wachovia Corp.: | ||||||||
0.71%, 10/15/2016 (a) | 25,000 | 24,556 | ||||||
2.08%, 5/1/2013 (a) | 232,000 | 233,335 |
See accompanying notes to financial statements.
236
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Wells Fargo & Co.: | ||||||||
0.51%, 10/28/2015 (a)(c) | $ | 50,000 | $ | 49,554 | ||||
1.23%, 6/26/2015 (a)(c) | 40,000 | 40,378 | ||||||
Wells Fargo Bank NA 0.52%, 5/16/2016 (a) | 300,000 | 293,623 | ||||||
Westpac Banking Corp. 0.73%, 6/14/2013 (a)(b) | 214,000 | 214,329 | ||||||
5,375,348 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.2% | ||||||||
Cisco Systems, Inc. 0.56%, 3/14/2014 (a)(c) | 190,000 | 190,518 | ||||||
COMPUTERS & PERIPHERALS — 2.5% | ||||||||
Dell, Inc. 0.96%, 4/1/2014 (a)(c) | 145,000 | 145,809 | ||||||
Hewlett-Packard Co.: | ||||||||
0.59%, 5/24/2013 (a) | 192,000 | 191,444 | ||||||
1.86%, 9/19/2014 (a) | 45,000 | 44,588 | ||||||
381,841 | ||||||||
CONSUMER FINANCE — 0.7% | ||||||||
Caterpillar Financial Services Corp. 0.66%, 2/9/2015 (a) | 100,000 | 100,439 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 22.7% | ||||||||
American Express Credit Corp.: | ||||||||
1.16%, 6/24/2014 (a) | 92,000 | 92,825 | ||||||
1.41%, 6/12/2015 (a) | 150,000 | 152,585 | ||||||
Bank of America Corp. 1.73%, 1/30/2014 (a)(c) | 391,000 | 394,265 | ||||||
BlackRock, Inc. 0.61%, 5/24/2013 (a) | 50,000 | 50,055 | ||||||
BRFkredit A/S 0.59%, 4/15/2013 (a)(b) | 50,000 | 50,002 | ||||||
Citigroup, Inc.: | ||||||||
0.58%, 6/9/2016 (a) | 175,000 | 165,366 | ||||||
0.59%, 11/5/2014 (a)(c) | 175,000 | 173,688 | ||||||
1.16%, 2/15/2013 (a)(c) | 214,000 | 214,021 | ||||||
2.31%, 8/13/2013 (a) | 100,000 | 100,960 | ||||||
Credit Suisse USA, Inc. 0.59%, 4/12/2013 (a) | 176,000 | 176,081 | ||||||
General Electric Capital Corp.: | ||||||||
0.46%, 5/8/2013 (a) | 220,000 | 220,193 | ||||||
0.51%, 5/11/2016 (a) | 280,000 | 275,446 | ||||||
0.55%, 1/8/2016 (a)(c) | 40,000 | 39,536 | ||||||
0.57%, 9/15/2014 (a) | 40,000 | 39,952 | ||||||
0.82%, 10/25/2013 (a) | 20,000 | 20,059 | ||||||
1.18%, 5/9/2016 (a) | 125,000 | 125,159 | ||||||
HSBC Finance Corp. 0.74%, 6/1/2016 (a) | 80,000 | 77,715 | ||||||
John Deere Capital Corp.: | ||||||||
0.47%, 4/25/2014 (a) | 25,000 | 25,035 | ||||||
0.49%, 7/15/2013 (a) | 150,000 | 150,176 | ||||||
0.75%, 10/4/2013 (a) | 200,000 | 200,636 | ||||||
JPMorgan Chase & Co.: | ||||||||
0.96%, 2/26/2013 (a)(c) | 292,000 | 292,392 | ||||||
0.98%, 10/15/2015 (a) | 75,000 | 75,041 | ||||||
1.06%, 5/2/2014 (a) | 165,000 | 166,132 | ||||||
1.36%, 3/20/2015 (a) | 50,000 | 50,559 | ||||||
SLM Corp. 0.62%, 1/27/2014 (a) | 50,000 | 49,531 | ||||||
The Western Union Co. 0.89%, 3/7/2013 (a) | 50,000 | 50,044 | ||||||
Toyota Motor Credit Corp. 0.73%, 1/17/2014 (a) | 30,000 | 30,106 | ||||||
3,457,560 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.3% | ||||||||
Verizon Communications, Inc. 0.92%, 3/28/2014 (a) | 42,000 | 42,249 | ||||||
FOOD & STAPLES RETAILING — 0.1% | ||||||||
Walgreen Co. 0.81%, 3/13/2014 (a) | 20,000 | 20,027 | ||||||
FOOD PRODUCTS — 1.3% | ||||||||
Campbell Soup Co. 0.61%, 8/1/2014 (a) | 100,000 | 100,357 | ||||||
General Mills, Inc. 0.66%, 5/16/2014 (a) | 100,000 | 100,213 | ||||||
200,570 | ||||||||
HOUSEHOLD PRODUCTS — 1.0% | ||||||||
The Procter & Gamble Co.: | ||||||||
0.21%, 2/14/2014 (a) | 100,000 | 99,936 | ||||||
0.23%, 2/6/2014 (a) | 50,000 | 49,975 | ||||||
149,911 | ||||||||
INSURANCE — 4.1% | ||||||||
Berkshire Hathaway, Inc. 0.74%, 2/11/2013 (a) | 238,000 | 238,176 | ||||||
MetLife Institutional Funding II 1.25%, 4/4/2014 (a)(b) | 200,000 | 201,699 | ||||||
Metropolitan Life Global Funding I 1.10%, 1/10/2014 (a)(b) | 50,000 | 50,249 | ||||||
New York Life Global Funding 0.43%, 6/18/2014 (a)(b) | 100,000 | 100,061 | ||||||
Sun Life Financial Global Funding III LLC 0.56%, 10/6/2013 (a)(b) | 30,000 | 29,932 | ||||||
620,117 | ||||||||
MACHINERY — 1.2% | ||||||||
Caterpillar, Inc. 0.48%, 5/21/2013 (a) | 76,000 | 76,079 | ||||||
Eaton Corp. 0.64%, 6/16/2014 (a) | 100,000 | 99,858 | ||||||
175,937 | ||||||||
METALS & MINING — 1.0% | ||||||||
BHP Billiton Finance USA Ltd. 0.58%, 2/18/2014 (a) | 155,000 | 155,425 | ||||||
MULTI-UTILITIES — 1.1% | ||||||||
DTE Energy Co. 1.01%, 6/3/2013 (a) | 110,000 | 110,209 | ||||||
Sempra Energy 1.07%, 3/15/2014 (a) | 50,000 | 50,262 | ||||||
160,471 | ||||||||
See accompanying notes to financial statements.
237
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MULTILINE RETAIL — 0.3% | ||||||||
Target Corp. 0.49%, 7/18/2014 (a) | $ | 45,000 | $ | 45,134 | ||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. 1.13%, 5/16/2014 (a) | 20,000 | 19,958 | ||||||
OIL, GAS & CONSUMABLE FUELS — 2.5% | ||||||||
BP Capital Markets PLC 0.91%, 3/11/2014 (a) | 269,000 | 270,516 | ||||||
Total Capital Canada, Ltd. 0.40%, 5/13/2013 (a) | 114,000 | 114,090 | ||||||
384,606 | ||||||||
PHARMACEUTICALS — 2.1% | ||||||||
AbbVie, Inc. 1.07%, 11/6/2015 (a)(b)(c) | 50,000 | 50,577 | ||||||
Sanofi 0.51%, 3/28/2013 (a) | 214,000 | 214,153 | ||||||
Teva Pharmaceutical Finance III BV 0.81%, 3/21/2014 (a)(c) | 50,000 | 50,200 | ||||||
314,930 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.3% | ||||||||
Texas Instruments, Inc. 0.49%, 5/15/2013 (a) | 50,000 | 50,051 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.1% | ||||||||
VF Corp. 1.06%, 8/23/2013 (a) | 15,000 | 15,073 | ||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $14,382,768) | 14,482,829 | |||||||
FOREIGN GOVERNMENT OBLIGATION — 0.7% | ||||||||
REGIONAL (STATE/PROVINCE) — 0.7% | ||||||||
Province of Ontario Canada 0.51%, 4/1/2015 (a) (Cost $99,979) | 100,000 | 99,962 | ||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 13.1% | ||||||||
MONEY MARKET FUNDS — 13.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 1,351,038 | 1,351,038 | ||||||
State Street Institutional Liquid Reserves Fund 0.17% (e)(f) | 643,245 | 643,245 | ||||||
TOTAL SHORT TERM INVESTMENTS — (g) | ||||||||
(Cost $1,994,283) | 1,994,283 | |||||||
TOTAL INVESTMENTS — 108.9% (h) | ||||||||
(Cost $16,477,030) | 16,577,074 | |||||||
OTHER ASSETS & LIABILITIES — (8.9)% | (1,350,028 | ) | ||||||
NET ASSETS — 100.0% | $ | 15,227,046 | ||||||
(a) | Variable rate security. Rate shown is rate in effect at December 31, 2012. Maturity date disclosed is the ultimate maturity. | |||||
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 21.2% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | A portion of the security was on loan at December 31, 2012. | |||||
(d) | Investments of cash collateral for securities loaned. | |||||
(e) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(f) | The rate shown is the annualized seven-day yield at period end. | |||||
(g) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(h) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
238
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 97.3% | ||||||||
AUSTRIA — 1.1% | ||||||||
OGX Austria GmbH 8.50%, 6/1/2018 (a) | 200,000 | $ | 180,000 | |||||
BERMUDA — 2.1% | ||||||||
CBQ Finance, Ltd. 5.00%, 11/18/2014 (a) | 100,000 | 106,015 | ||||||
Qtel International Finance, Ltd. 4.75%, 2/16/2021 (a) | 200,000 | 226,000 | ||||||
332,015 | ||||||||
BRAZIL — 7.8% | ||||||||
Banco Bradesco SA 4.10%, 3/23/2015 (a) | 50,000 | 52,250 | ||||||
Banco do Brasil SA 3.88%, 10/10/2022 | 200,000 | 201,500 | ||||||
Banco Santander Brasil SA 4.63%, 2/13/2017 (a) | 200,000 | 211,500 | ||||||
Centrais Eletricas Brasileiras SA 5.75%, 10/27/2021 (a) | 200,000 | 215,000 | ||||||
Hypermarcas SA 6.50%, 4/20/2021 (a) | 150,000 | 162,375 | ||||||
Marfrig Overseas, Ltd. 9.50%, 5/4/2020 (a) | 100,000 | 86,250 | ||||||
Odebrecht Finance, Ltd. 7.50%, 12/31/2049 (a) | 150,000 | 163,875 | ||||||
Telemar Norte Leste SA 5.50%, 10/23/2020 (a) | 150,000 | 156,000 | ||||||
1,248,750 | ||||||||
BRITISH VIRGIN ISLANDS — 6.0% | ||||||||
CNOOC Finance 2011, Ltd. 4.25%, 1/26/2021 (a) | 200,000 | 218,294 | ||||||
CNPC General Capital, Ltd. 2.75%, 4/19/2017 (a) | 200,000 | 206,842 | ||||||
Gerdau Trade, Inc. 5.75%, 1/30/2021 (a) | 200,000 | 220,000 | ||||||
Sinochem Overseas Capital Co., Ltd. 4.50%, 11/12/2020 (a) | 100,000 | 107,555 | ||||||
Sinopec Group Overseas Development 2012, Ltd. 2.75%, 5/17/2017 (a) | 200,000 | 207,388 | ||||||
960,079 | ||||||||
CAYMAN ISLANDS — 18.8% | ||||||||
ADCB Finance Cayman, Ltd. 4.75%, 10/8/2014 (a) | 100,000 | 104,900 | ||||||
Braskem Finance Ltd. 5.75%, 4/15/2021 (a) | 200,000 | 210,500 | ||||||
Country Garden Holdings Co., Ltd. 11.25%, 4/22/2017 (a) | 100,000 | 112,500 | ||||||
Evergrande Real Estate Group, Ltd. 13.00%, 1/27/2015 (a) | 100,000 | 108,500 | ||||||
Fibria Overseas Finance, Ltd. 7.50%, 5/4/2020 (a) | 100,000 | 111,000 | ||||||
Hutchison Whampoa International 11, Ltd.: | ||||||||
3.50%, 1/13/2017 (a) | 200,000 | 212,223 | ||||||
4.63%, 1/13/2022 (a) | 200,000 | 223,088 | ||||||
IPIC GMTN Ltd. 5.00%, 11/15/2020 (a) | 300,000 | 341,100 | ||||||
Kuwait Projects Co. 9.38%, 7/15/2020 (b) | 100,000 | 123,250 | ||||||
Petrobras International Finance Co.: | ||||||||
3.50%, 2/6/2017 | 500,000 | 524,374 | ||||||
5.38%, 1/27/2021 | 100,000 | 112,582 | ||||||
6.75%, 1/27/2041 | 150,000 | 190,063 | ||||||
Vale Overseas, Ltd.: | ||||||||
4.38%, 1/11/2022 | 75,000 | 80,063 | ||||||
5.63%, 9/15/2019 | 100,000 | 113,701 | ||||||
6.88%, 11/21/2036 | 200,000 | 247,916 | ||||||
Voto-Votorantim Overseas Trading Operations NV 6.63%, 9/25/2019 (a) | 150,000 | 175,500 | ||||||
2,991,260 | ||||||||
CHILE — 2.6% | ||||||||
Corp Nacional del Cobre de Chile: | ||||||||
3.75%, 11/4/2020 (a) | 100,000 | 108,132 | ||||||
3.88%, 11/3/2021 (a) | 100,000 | 108,963 | ||||||
5.63%, 9/21/2035 (a) | 75,000 | 91,242 | ||||||
Empresa Nacional del Petroleo 4.75%, 12/6/2021 (a) | 100,000 | 107,162 | ||||||
415,499 | ||||||||
COLOMBIA — 0.8% | ||||||||
Ecopetrol SA 7.63%, 7/23/2019 | 100,000 | 129,250 | ||||||
INDIA — 1.3% | ||||||||
ICICI Bank, Ltd. 4.75%, 11/25/2016 (a) | 200,000 | 209,645 | ||||||
INDONESIA — 0.7% | ||||||||
Pertamina Persero PT 6.00%, 5/3/2042 (a) | 100,000 | 112,875 | ||||||
IRELAND — 3.7% | ||||||||
AK Transneft OJSC Via TransCapitalInvest, Ltd. 5.67%, 3/5/2014 (a) | 150,000 | 156,788 | ||||||
Alfa Bank OJSC Via Alfa Bond Issuance PLC 7.88%, 9/25/2017 (a) | 100,000 | 111,500 | ||||||
Bank of Moscow via BOM Capital PL 6.70%, 3/11/2015 (a) | 100,000 | 106,000 | ||||||
Gazprombank OJSC Via GPB Eurobond Finance PLC 6.50%, 9/23/2015 | 100,000 | 108,000 | ||||||
RZD Capital, Ltd. 5.74%, 4/3/2017 (b) | 100,000 | 112,000 | ||||||
594,288 | ||||||||
ISRAEL — 1.4% | ||||||||
Israel Electric Corp., Ltd. 6.70%, 2/10/2017 (a) | 200,000 | 216,000 | ||||||
KAZAKHSTAN — 2.3% | ||||||||
KazMunayGas National Co. 11.75%, 1/23/2015 (a) | 300,000 | 358,125 | ||||||
LUXEMBOURG — 10.3% | ||||||||
CSN Resources SA 6.50%, 7/21/2020 (a) | 100,000 | 108,500 |
See accompanying notes to financial statements.
239
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Evraz Group SA 9.50%, 4/24/2018 (a)(b) | 100,000 | $ | 114,000 | |||||
Gazprom OAO Via Gaz Capital SA: | ||||||||
7.29%, 8/16/2037 (a) | 100,000 | 130,230 | ||||||
9.25%, 4/23/2019 (a) | 300,000 | 397,125 | ||||||
Russian Agricultural Bank OJSC Via RSHB Capital SA 9.00%, 6/11/2014 (a)(b) | 100,000 | 109,750 | ||||||
Sberbank of Russia Via SB Capital SA 5.50%, 7/7/2015 | 200,000 | 216,200 | ||||||
TNK-BP Finance SA 7.50%, 7/18/2016 (a) | 200,000 | 231,500 | ||||||
VTB Bank OJSC Via VTB Capital SA 6.00%, 4/12/2017 (a) | 300,000 | 324,300 | ||||||
1,631,605 | ||||||||
MALAYSIA — 1.3% | ||||||||
Petronas Capital, Ltd. 5.25%, 8/12/2019 (a) | 175,000 | 207,704 | ||||||
MEXICO — 9.5% | ||||||||
America Movil SAB de CV: | ||||||||
5.00%, 3/30/2020 | 250,000 | 290,868 | ||||||
6.13%, 3/30/2040 | 125,000 | 164,456 | ||||||
Comision Federal de Electricidad 5.75%, 2/14/2042 (a) | 50,000 | 56,625 | ||||||
Grupo Bimbo SAB de CV 4.50%, 1/25/2022 (a) | 100,000 | 109,281 | ||||||
Grupo Televisa SA 6.63%, 3/18/2025 | 100,000 | 129,135 | ||||||
Petroleos Mexicanos: | ||||||||
5.50%, 1/21/2021 | 400,000 | 467,400 | ||||||
6.50%, 6/2/2041 | 235,000 | 294,925 | ||||||
1,512,690 | ||||||||
NETHERLANDS — 4.9% | ||||||||
Lukoil International Finance BV 6.13%, 11/9/2020 (a) | 200,000 | 231,250 | ||||||
Majapahit Holding BV 7.75%, 1/20/2020 (a) | 250,000 | 314,375 | ||||||
VimpelCom Holdings BV 7.50%, 3/1/2022 (a) | 200,000 | 229,250 | ||||||
774,875 | ||||||||
PERU — 0.7% | ||||||||
Banco de Credito del Peru 4.75%, 3/16/2016 (a) | 100,000 | 105,500 | ||||||
QATAR — 1.7% | ||||||||
Ras Laffan Liquefied Natural Gas Co., Ltd. III 5.50%, 9/30/2014 (a) | 250,000 | 269,125 | ||||||
SINGAPORE — 0.3% | ||||||||
DBS Bank Ltd. 2.38%, 9/14/2015 | 50,000 | 51,930 | ||||||
SOUTH KOREA — 5.3% | ||||||||
Hana Bank 4.50%, 10/30/2015 (a) | 100,000 | 108,263 | ||||||
Hyundai Capital Services, Inc. 3.50%, 9/13/2017 (a) | 200,000 | 211,202 | ||||||
Korea National Oil Corp. 3.13%, 4/3/2017 (a) | 200,000 | 209,821 | ||||||
Korea Western Power Co., Ltd. 3.13%, 5/10/2017 (a) | 200,000 | 208,770 | ||||||
POSCO 4.25%, 10/28/2020 (a) | 100,000 | 106,596 | ||||||
844,652 | ||||||||
SPAIN — 1.8% | ||||||||
Cemex Espana Luxembourg 9.88%, 4/30/2019 (a) | 250,000 | 278,750 | ||||||
TURKEY — 0.7% | ||||||||
Akbank TAS 5.13%, 7/22/2015 (a)(b) | 100,000 | 105,500 | ||||||
UNITED ARAB EMIRATES — 3.9% | ||||||||
Abu Dhabi National Energy Co. 5.88%, 12/13/2021 (a) | 250,000 | 298,375 | ||||||
Dolphin Energy, Ltd. 5.89%, 6/15/2019 (a) | 75,630 | 85,273 | ||||||
DP World Ltd. 6.85%, 7/2/2037 (a) | 100,000 | 117,125 | ||||||
Dubai Electricity & Water Authority 7.38%, 10/21/2020 (a) | 100,000 | 123,000 | ||||||
623,773 | ||||||||
UNITED KINGDOM — 1.3% | ||||||||
Vedanta Resources PLC 6.75%, 6/7/2016 (a) | 200,000 | 210,500 | ||||||
UNITED STATES — 4.5% | ||||||||
JBS USA LLC/JBS USA Finance, Inc. 8.25%, 2/1/2020 (a) | 100,000 | 106,000 | ||||||
Reliance Holdings USA, Inc. 4.50%, 10/19/2020 (a) | 250,000 | 261,766 | ||||||
Southern Copper Corp. 6.75%, 4/16/2040 | 150,000 | 180,581 | ||||||
Teva Pharmaceutical Finance Co. BV 2.40%, 11/10/2016 | 100,000 | 104,212 | ||||||
Teva Pharmaceutical Finance Co. LLC 6.15%, 2/1/2036 | 50,000 | 65,440 | ||||||
717,999 | ||||||||
VENEZUELA — 2.5% | ||||||||
Petroleos de Venezuela SA: | ||||||||
8.50%, 11/2/2017 (a) | 200,000 | 197,500 | ||||||
9.00%, 11/17/2021 (a) | 100,000 | 95,400 | ||||||
12.75%, 2/17/2022 (a) | 100,000 | 112,400 | ||||||
405,300 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $14,673,001) | 15,487,689 | |||||||
See accompanying notes to financial statements.
240
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Security Description | Shares | Value | ||||||
SHORT TERM INVESTMENT — 1.7% | ||||||||
MONEY MARKET FUND — 1.7% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d)(e) (Cost $268,442) | 268,442 | $ | 268,442 | |||||
TOTAL INVESTMENTS — 99.0% (f) | ||||||||
(Cost $14,941,443) | 15,756,131 | |||||||
OTHER ASSETS & LIABILITIES — 1.0% | 158,546 | |||||||
NET ASSETS — 100.0% | $ | 15,914,677 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 72.8% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
See accompanying notes to financial statements.
241
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.2% | ||||||||
AEROSPACE & DEFENSE — 1.0% | ||||||||
BE Aerospace, Inc. 5.25%, 4/1/2022 (a) | $ | 75,000 | $ | 79,500 | ||||
Bombardier, Inc. 7.75%, 3/15/2020 (b) | 75,000 | 85,125 | ||||||
164,625 | ||||||||
AIRLINES — 0.6% | ||||||||
Delta Air Lines 2009-1 Class A Pass Through Trust 7.75%, 6/17/2021 (a) | 38,347 | 43,908 | ||||||
UAL 2009-1 Pass Through Trust 10.40%, 5/1/2018 | 47,682 | 54,892 | ||||||
98,800 | ||||||||
AUTO COMPONENTS — 0.4% | ||||||||
Johnson Controls, Inc. 5.50%, 1/15/2016 | 50,000 | 56,440 | ||||||
BEVERAGES — 1.4% | ||||||||
Constellation Brands, Inc. 6.00%, 5/1/2022 | 100,000 | 114,500 | ||||||
SABMiller Holdings, Inc. 1.85%, 1/15/2015 (b) | 100,000 | 101,969 | ||||||
216,469 | ||||||||
BIOTECHNOLOGY — 0.4% | ||||||||
Gilead Sciences, Inc. 4.50%, 4/1/2021 | 50,000 | 57,143 | ||||||
BUILDING PRODUCTS — 1.4% | ||||||||
Building Materials Corp. of America 6.75%, 5/1/2021 (b) | 50,000 | 55,250 | ||||||
Lafarge SA 7.13%, 7/15/2036 | 50,000 | 50,875 | ||||||
Masco Corp. 5.95%, 3/15/2022 | 100,000 | 110,849 | ||||||
216,974 | ||||||||
CAPITAL MARKETS — 0.7% | ||||||||
Morgan Stanley 4.88%, 11/1/2022 | 50,000 | 51,770 | ||||||
The Goldman Sachs Group, Inc. 6.75%, 10/1/2037 | 50,000 | 56,666 | ||||||
108,436 | ||||||||
CHEMICALS — 2.2% | ||||||||
Ecolab, Inc. 3.00%, 12/8/2016 | 50,000 | 53,136 | ||||||
LyondellBasell Industries NV 5.00%, 4/15/2019 | 100,000 | 110,500 | ||||||
Rockwood Specialties Group, Inc. 4.63%, 10/15/2020 | 50,000 | 51,750 | ||||||
The Dow Chemical Co. 4.25%, 11/15/2020 | 100,000 | 111,171 | ||||||
Westlake Chemical Corp. 3.60%, 7/15/2022 | 28,000 | 28,119 | ||||||
354,676 | ||||||||
COMMERCIAL BANKS — 2.6% | ||||||||
Barclays Bank PLC 6.05%, 12/4/2017 (b) | 100,000 | 110,639 | ||||||
Fifth Third Bancorp 8.25%, 3/1/2038 | 25,000 | 35,749 | ||||||
KeyCorp 5.10%, 3/24/2021 | 50,000 | 58,250 | ||||||
Lloyds TSB Bank PLC 6.50%, 9/14/2020 (b) | 100,000 | 110,497 | ||||||
Royal Bank of Scotland Group PLC 5.00%, 11/12/2013 | 100,000 | 101,745 | ||||||
416,880 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.1% | ||||||||
Clean Harbors, Inc. 5.25%, 8/1/2020 | 50,000 | 52,125 | ||||||
ERAC USA Finance LLC 7.00%, 10/15/2037 (b) | 50,000 | 63,492 | ||||||
Republic Services, Inc. 3.55%, 6/1/2022 | 50,000 | 52,131 | ||||||
RR Donnelley & Sons Co. 8.25%, 3/15/2019 | 75,000 | 75,750 | ||||||
Waste Management, Inc. 6.38%, 3/11/2015 | 75,000 | 83,877 | ||||||
327,375 | ||||||||
COMPUTERS & PERIPHERALS — 1.1% | ||||||||
Fidelity National Information Services, Inc. 5.00%, 3/15/2022 | 50,000 | 53,625 | ||||||
Seagate Technology HDD Holdings 6.80%, 10/1/2016 | 110,000 | 123,200 | ||||||
176,825 | ||||||||
CONSTRUCTION MATERIALS — 0.4% | ||||||||
Vulcan Materials Co. 7.50%, 6/15/2021 (a) | 50,000 | 57,000 | ||||||
CONSUMER FINANCE — 0.7% | ||||||||
SLM Corp. 6.25%, 1/25/2016 (a) | 100,000 | 108,750 | ||||||
CONTAINERS & PACKAGING — 1.2% | ||||||||
Ball Corp. 5.00%, 3/15/2022 | 75,000 | 80,250 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. III 7.63%, 5/15/2017 | 50,000 | 52,813 | ||||||
Rock-Tenn Co. 4.90%, 3/1/2022 (b) | 50,000 | 54,034 | ||||||
187,097 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 5.5% | ||||||||
Aircastle, Ltd. 6.25%, 12/1/2019 (b) | 35,000 | 36,488 | ||||||
Bank of America Corp. 5.42%, 3/15/2017 | 100,000 | 109,536 | ||||||
Capital One Financial Corp. 2.15%, 3/23/2015 | 100,000 | 102,074 | ||||||
Citigroup, Inc. 4.88%, 5/7/2015 | 100,000 | 106,311 | ||||||
CNH Capital LLC 3.88%, 11/1/2015 (b) | 29,000 | 29,906 | ||||||
Ford Motor Credit Co. LLC 4.25%, 2/3/2017 | 150,000 | 160,694 |
See accompanying notes to financial statements.
242
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 8.00%, 1/15/2018 | $ | 100,000 | $ | 107,375 | ||||
International Lease Finance Corp.: | ||||||||
5.88%, 4/1/2019 | 50,000 | 52,700 | ||||||
6.63%, 11/15/2013 | 50,000 | 51,875 | ||||||
Macquarie Group, Ltd. 7.63%, 8/13/2019 (b) | 50,000 | 58,892 | ||||||
Nomura Holdings, Inc. 5.00%, 3/4/2015 | 50,000 | 53,013 | ||||||
868,864 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 6.0% | ||||||||
British Telecommunications PLC 9.63%, 12/15/2030 | 25,000 | 39,717 | ||||||
CenturyLink, Inc. 5.80%, 3/15/2022 | 100,000 | 105,713 | ||||||
Deutsche Telekom International Finance BV 2.25%, 3/6/2017 (b) | 100,000 | 102,549 | ||||||
Frontier Communications Corp.: | ||||||||
6.63%, 3/15/2015 | 50,000 | 54,250 | ||||||
8.50%, 4/15/2020 | 125,000 | 143,750 | ||||||
Sable International Finance, Ltd. 8.75%, 2/1/2020 (b) | 50,000 | 57,250 | ||||||
Sprint Nextel Corp. 7.00%, 3/1/2020 (b) | 100,000 | 116,250 | ||||||
UPCB Finance VI, Ltd. 6.88%, 1/15/2022 (a)(b) | 75,000 | 81,187 | ||||||
Virgin Media Finance PLC 5.25%, 2/15/2022 | 75,000 | 79,500 | ||||||
Wind Acquisition Finance SA 7.25%, 2/15/2018 (b) | 50,000 | 50,625 | ||||||
Windstream Corp. 7.88%, 11/1/2017 | 100,000 | 112,500 | ||||||
943,291 | ||||||||
ELECTRIC UTILITIES — 7.4% | ||||||||
Calpine Corp. 7.88%, 1/15/2023 (b) | 90,000 | 101,700 | ||||||
CMS Energy Corp. 4.25%, 9/30/2015 | 75,000 | 79,580 | ||||||
Dominion Resources, Inc. 1.95%, 8/15/2016 | 75,000 | 77,076 | ||||||
Duke Energy Corp. 3.05%, 8/15/2022 | 100,000 | 101,788 | ||||||
EDP Finance BV 6.00%, 2/2/2018 (b) | 100,000 | 104,849 | ||||||
Enel Finance International NV 6.00%, 10/7/2039 (b) | 50,000 | 48,417 | ||||||
Exelon Generation Co. LLC 6.20%, 10/1/2017 | 75,000 | 88,569 | ||||||
FirstEnergy Solutions Corp. 4.80%, 2/15/2015 | 100,000 | 107,389 | ||||||
NextEra Energy Capital Holdings, Inc. 1.20%, 6/1/2015 | 50,000 | 50,356 | ||||||
NRG Energy, Inc. 7.63%, 1/15/2018 | 100,000 | 111,000 | ||||||
Oncor Electric Delivery Co. LLC 4.10%, 6/1/2022 (b) | 50,000 | 54,497 | ||||||
PPL Capital Funding, Inc. 4.20%, 6/15/2022 | 40,000 | 43,016 | ||||||
Southwestern Electric Power Co. 5.55%, 1/15/2017 | 75,000 | 84,596 | ||||||
The AES Corp. 7.38%, 7/1/2021 | 100,000 | 111,000 | ||||||
1,163,833 | ||||||||
ELECTRICAL EQUIPMENT — 0.3% | ||||||||
Jabil Circuit, Inc. 4.70%, 9/15/2022 | 50,000 | 52,563 | ||||||
ENERGY EQUIPMENT & SERVICES — 0.3% | ||||||||
Weatherford International, Ltd./Bermuda 5.95%, 4/15/2042 | 50,000 | 54,267 | ||||||
FOOD & STAPLES RETAILING — 0.7% | ||||||||
CVS Caremark Corp. 5.75%, 6/1/2017 | 50,000 | 59,778 | ||||||
Walgreen Co. 1.80%, 9/15/2017 | 50,000 | 50,279 | ||||||
110,057 | ||||||||
FOOD PRODUCTS — 2.7% | ||||||||
General Mills, Inc. 5.70%, 2/15/2017 | 50,000 | 58,755 | ||||||
Kellogg Co. 1.13%, 5/15/2015 | 75,000 | 75,727 | ||||||
Mondelez International, Inc. 5.38%, 2/10/2020 | 100,000 | 120,726 | ||||||
Smithfield Foods, Inc. 6.63%, 8/15/2022 | 75,000 | 82,875 | ||||||
The Kroger Co. 3.90%, 10/1/2015 | 75,000 | 80,934 | ||||||
419,017 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.4% | ||||||||
Boston Scientific Corp. 6.25%, 11/15/2015 | 50,000 | 56,336 | ||||||
HEALTH CARE PROVIDERS & SERVICES — 3.7% | ||||||||
CHS/Community Health Systems, Inc. 5.13%, 8/15/2018 | 50,000 | 52,125 | ||||||
CIGNA Corp. 4.00%, 2/15/2022 | 50,000 | 54,658 | ||||||
Fresenius Medical Care US Finance II, Inc. 5.63%, 7/31/2019 (b) | 100,000 | 107,375 | ||||||
HCA, Inc.: | ||||||||
7.25%, 9/15/2020 | 150,000 | 166,125 | ||||||
7.88%, 2/15/2020 | 50,000 | 55,625 | ||||||
Tenet Healthcare Corp. 4.75%, 6/1/2020 (b) | 75,000 | 76,125 | ||||||
WellPoint, Inc. 3.13%, 5/15/2022 | 75,000 | 75,783 | ||||||
587,816 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.5% | ||||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Series 1 7.75%, 8/15/2020 | 75,000 | 85,500 | ||||||
See accompanying notes to financial statements.
243
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
HOUSEHOLD DURABLES — 0.4% | ||||||||
Toll Brothers Finance Corp. 6.75%, 11/1/2019 | $ | 50,000 | $ | 59,436 | ||||
INSURANCE — 4.8% | ||||||||
American International Group, Inc.: | ||||||||
3.80%, 3/22/2017 | 100,000 | 108,233 | ||||||
6.25%, 5/1/2036 | 50,000 | 64,319 | ||||||
Genworth Financial, Inc. 7.20%, 2/15/2021 | 50,000 | 54,000 | ||||||
Hartford Financial Services Group, Inc. 6.63%, 4/15/2042 | 50,000 | 63,573 | ||||||
ING US, Inc. 5.50%, 7/15/2022 (b) | 50,000 | 54,260 | ||||||
Liberty Mutual Group, Inc. 4.95%, 5/1/2022 (b) | 75,000 | 81,742 | ||||||
Lincoln National Corp.: | ||||||||
4.20%, 3/15/2022 | 25,000 | 26,821 | ||||||
6.15%, 4/7/2036 | 25,000 | 29,215 | ||||||
Pacific LifeCorp 6.00%, 2/10/2020 (b) | 50,000 | 55,813 | ||||||
Prudential Financial, Inc. 5.10%, 9/20/2014 | 75,000 | 80,276 | ||||||
XLIT, Ltd. 5.75%, 10/1/2021 | 50,000 | 59,379 | ||||||
Xstrata Finance Canada, Ltd. 4.95%, 11/15/2021 (b) | 75,000 | 80,555 | ||||||
758,186 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.5% | ||||||||
Royal Caribbean Cruises, Ltd. 6.88%, 12/1/2013 | 75,000 | 78,281 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.3% | ||||||||
Thermo Fisher Scientific, Inc.: | ||||||||
3.20%, 3/1/2016 | 25,000 | 26,550 | ||||||
3.60%, 8/15/2021 | 25,000 | 26,588 | ||||||
53,138 | ||||||||
MACHINERY — 0.4% | ||||||||
Case New Holland, Inc. 7.88%, 12/1/2017 | 50,000 | 59,125 | ||||||
MEDIA — 10.4% | ||||||||
CBS Corp. 3.38%, 3/1/2022 | 75,000 | 77,983 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp.: | ||||||||
6.63%, 1/31/2022 | 100,000 | 109,250 | ||||||
7.00%, 1/15/2019 | 100,000 | 107,875 | ||||||
Comcast Corp.: | ||||||||
4.65%, 7/15/2042 | 50,000 | 52,703 | ||||||
5.15%, 3/1/2020 | 100,000 | 118,526 | ||||||
COX Communications, Inc. 3.25%, 12/15/2022 (b) | 75,000 | 77,344 | ||||||
CSC Holdings LLC 6.75%, 11/15/2021 (b) | 100,000 | 110,875 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc. Series WI 3.80%, 3/15/2022 | 100,000 | 103,166 | ||||||
Discovery Communications LLC 3.30%, 5/15/2022 | 50,000 | 51,356 | ||||||
DISH DBS Corp.: | ||||||||
5.88%, 7/15/2022 | 100,000 | 107,500 | ||||||
7.13%, 2/1/2016 | 100,000 | 112,000 | ||||||
Gannett Co, Inc. 9.38%, 11/15/2017 | 50,000 | 55,375 | ||||||
Historic TW, Inc. 6.63%, 5/15/2029 | 100,000 | 127,606 | ||||||
NBCUniversal Media LLC 5.15%, 4/30/2020 | 50,000 | 59,273 | ||||||
News America, Inc. 4.50%, 2/15/2021 | 75,000 | 85,683 | ||||||
Nielsen Finance LLC/Nielsen Finance Co. 7.75%, 10/15/2018 | 75,000 | 83,813 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.00%, 9/1/2021 | 100,000 | 109,767 | ||||||
4.50%, 9/15/2042 | 25,000 | 24,381 | ||||||
Viacom, Inc. 4.38%, 3/15/2043 (b) | 70,000 | 68,859 | ||||||
1,643,335 | ||||||||
METALS & MINING — 5.6% | ||||||||
Alcoa, Inc. 5.87%, 2/23/2022 | 75,000 | 80,899 | ||||||
ArcelorMittal: | ||||||||
4.25%, 2/25/2015 | 50,000 | 50,503 | ||||||
5.00%, 2/25/2017 | 100,000 | 100,939 | ||||||
5.75%, 8/5/2020 | 100,000 | 100,201 | ||||||
7.50%, 10/15/2039 | 50,000 | 47,000 | ||||||
Barrick Gold Corp. 3.85%, 4/1/2022 | 100,000 | 105,853 | ||||||
Eldorado Gold Corp. 6.13%, 12/15/2020 (b) | 30,000 | 30,525 | ||||||
FMG Resources August 2006 Pty, Ltd. 6.88%, 4/1/2022 (b) | 100,000 | 102,250 | ||||||
Newmont Mining Corp.: | ||||||||
3.50%, 3/15/2022 | 25,000 | 25,784 | ||||||
4.88%, 3/15/2042 | 25,000 | 25,748 | ||||||
Steel Dynamics, Inc. 6.13%, 8/15/2019 (a)(b) | 75,000 | 79,500 | ||||||
Teck Resources, Ltd. 5.20%, 3/1/2042 | 50,000 | 51,104 | ||||||
United States Steel Corp. 6.05%, 6/1/2017 | 75,000 | 78,562 | ||||||
878,868 | ||||||||
MULTI-UTILITIES — 0.9% | ||||||||
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036 | 25,000 | 31,558 | ||||||
Nisource Finance Corp. 3.85%, 2/15/2023 | 50,000 | 51,381 | ||||||
Sempra Energy 2.30%, 4/1/2017 | 50,000 | 51,919 | ||||||
134,858 | ||||||||
MULTILINE RETAIL — 0.3% | ||||||||
Macy’s Retail Holdings, Inc. 3.88%, 1/15/2022 | 50,000 | 53,293 | ||||||
OFFICE ELECTRONICS — 0.3% | ||||||||
Xerox Corp. 4.50%, 5/15/2021 | 50,000 | 52,942 | ||||||
See accompanying notes to financial statements.
244
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
OIL, GAS & CONSUMABLE FUELS — 17.8% | ||||||||
Anadarko Petroleum Corp. 6.38%, 9/15/2017 | $ | 75,000 | $ | 89,587 | ||||
Canadian Natural Resources, Ltd. 5.70%, 5/15/2017 | 75,000 | 88,348 | ||||||
Cenovus Energy, Inc.: | ||||||||
3.00%, 8/15/2022 | 25,000 | 25,533 | ||||||
4.45%, 9/15/2042 | 25,000 | 25,992 | ||||||
Chesapeake Energy Corp. 6.63%, 8/15/2020 | 125,000 | 134,063 | ||||||
Concho Resources, Inc. 8.63%, 10/1/2017 | 75,000 | 81,656 | ||||||
Consol Energy, Inc. 8.00%, 4/1/2017 | 75,000 | 81,188 | ||||||
Continental Resources, Inc. 5.00%, 9/15/2022 | 50,000 | 53,875 | ||||||
Denbury Resources, Inc. 8.25%, 2/15/2020 | 75,000 | 84,375 | ||||||
Devon Energy Corp. 3.25%, 5/15/2022 | 75,000 | 78,277 | ||||||
El Paso Natural Gas Co. 5.95%, 4/15/2017 | 125,000 | 144,522 | ||||||
Enbridge Energy Partners LP 5.20%, 3/15/2020 | 50,000 | 56,397 | ||||||
Encana Corp. 5.90%, 12/1/2017 | 75,000 | 89,328 | ||||||
Energy Transfer Equity LP 7.50%, 10/15/2020 | 75,000 | 86,625 | ||||||
Energy Transfer Partners LP 6.50%, 2/1/2042 | 50,000 | 61,217 | ||||||
Enterprise Products Operating LLC 5.20%, 9/1/2020 | 100,000 | 119,361 | ||||||
Hess Corp. 8.13%, 2/15/2019 | 50,000 | 65,805 | ||||||
Marathon Oil Corp. 2.80%, 11/1/2022 | 50,000 | 50,310 | ||||||
MarkWest Energy Partners LP/MarkWest Energy Finance Corp. 5.50%, 2/15/2023 (a) | 50,000 | 54,250 | ||||||
Newfield Exploration Co. 7.13%, 5/15/2018 | 75,000 | 79,125 | ||||||
Nexen, Inc. 5.88%, 3/10/2035 | 25,000 | 30,904 | ||||||
NGPL PipeCo LLC 7.12%, 12/15/2017 (b) | 75,000 | 81,750 | ||||||
ONEOK Partners LP: | ||||||||
2.00%, 10/1/2017 | 25,000 | 25,208 | ||||||
3.38%, 10/1/2022 | 25,000 | 25,476 | ||||||
Peabody Energy Corp. 6.00%, 11/15/2018 | 100,000 | 106,250 | ||||||
Phillips 66 4.30%, 4/1/2022 (b) | 50,000 | 55,871 | ||||||
Pioneer Natural Resources Co. 6.65%, 3/15/2017 | 75,000 | 88,363 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. 3.65%, 6/1/2022 | 25,000 | 26,466 | ||||||
Pride International, Inc. 6.88%, 8/15/2020 | 50,000 | 63,235 | ||||||
Range Resources Corp. 5.00%, 8/15/2022 | 50,000 | 52,250 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp. 5.50%, 4/15/2023 (a) | 50,000 | 53,375 | ||||||
Rockies Express Pipeline LLC 6.85%, 7/15/2018 (b) | 100,000 | 104,500 | ||||||
Suncor Energy, Inc. 6.10%, 6/1/2018 | 75,000 | 91,486 | ||||||
Tennessee Gas Pipeline Co. 7.00%, 3/15/2027 | 100,000 | 135,575 | ||||||
Tesoro Corp. 9.75%, 6/1/2019 | 50,000 | 57,000 | ||||||
Transocean, Inc. 6.80%, 3/15/2038 | 50,000 | 61,208 | ||||||
Valero Energy Corp. 6.13%, 2/1/2020 | 50,000 | 60,799 | ||||||
Western Gas Partners LP 4.00%, 7/1/2022 | 50,000 | 52,625 | ||||||
Williams Partners LP 5.25%, 3/15/2020 | 75,000 | 86,396 | ||||||
2,808,571 | ||||||||
PAPER & FOREST PRODUCTS — 0.4% | ||||||||
International Paper Co. 7.95%, 6/15/2018 | 50,000 | 64,641 | ||||||
PHARMACEUTICALS — 1.5% | ||||||||
Express Scripts Holding Co. 2.65%, 2/15/2017 (b) | 100,000 | 103,939 | ||||||
Mylan, Inc. 7.88%, 7/15/2020 (b) | 75,000 | 88,632 | ||||||
Watson Pharmaceuticals, Inc. 3.25%, 10/1/2022 | 50,000 | 51,042 | ||||||
243,613 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.8% | ||||||||
BioMed Realty LP 4.25%, 7/15/2022 | 50,000 | 52,161 | ||||||
Boston Properties LP 3.85%, 2/1/2023 | 50,000 | 52,524 | ||||||
EPR Properties 5.75%, 8/15/2022 | 50,000 | 51,846 | ||||||
ERP Operating LP 5.38%, 8/1/2016 | 50,000 | 56,919 | ||||||
HCP, Inc. 5.38%, 2/1/2021 | 50,000 | 56,938 | ||||||
Host Hotels & Resorts LP 5.88%, 6/15/2019 | 75,000 | 81,750 | ||||||
Weyerhaeuser Co. 7.38%, 10/1/2019 | 75,000 | 92,695 | ||||||
444,833 | ||||||||
ROAD & RAIL — 1.5% | ||||||||
Burlington Northern Santa Fe LLC 3.45%, 9/15/2021 | 100,000 | 107,622 | ||||||
CSX Corp. 4.40%, 3/1/2043 | 50,000 | 51,051 | ||||||
Norfolk Southern Corp. 3.25%, 12/1/2021 | 75,000 | 78,486 | ||||||
237,159 | ||||||||
See accompanying notes to financial statements.
245
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2012 (Unaudited)
Principal | ||||||||
Security Description | Amount | �� | Value | |||||
SOFTWARE — 0.2% | ||||||||
Nuance Communications, Inc. 5.38%, 8/15/2020 (b) | $ | 25,000 | $ | 26,125 | ||||
SPECIALTY RETAIL — 2.8% | ||||||||
AmeriGas Partners LP/AmeriGas Finance Corp. 6.25%, 8/20/2019 | 75,000 | 80,250 | ||||||
Best Buy Co., Inc. 3.75%, 3/15/2016 | 75,000 | 70,125 | ||||||
JC Penney Corp, Inc. 7.95%, 4/1/2017 (a) | 50,000 | 48,000 | ||||||
Ltd Brands, Inc. 5.63%, 2/15/2022 | 100,000 | 108,750 | ||||||
QVC, Inc. 7.50%, 10/1/2019 (b) | 50,000 | 55,166 | ||||||
Sally Holdings LLC/Sally Capital, Inc. 5.75%, 6/1/2022 | 75,000 | 81,375 | ||||||
443,666 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.7% | ||||||||
Amsouth Bank 5.20%, 4/1/2015 | 100,000 | 104,500 | ||||||
TOBACCO — 1.0% | ||||||||
Altria Group, Inc.: | ||||||||
2.85%, 8/9/2022 | 75,000 | 74,215 | ||||||
9.70%, 11/10/2018 | 26,000 | 36,398 | ||||||
Reynolds American, Inc. 3.25%, 11/1/2022 | 50,000 | 50,225 | ||||||
160,838 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 1.9% | ||||||||
Embarq Corp. 7.08%, 6/1/2016 | 100,000 | 117,158 | ||||||
Telecom Italia Capital SA 7.18%, 6/18/2019 | 75,000 | 87,038 | ||||||
Telefonica Emisiones SAU 3.99%, 2/16/2016 | 100,000 | 104,050 | ||||||
308,246 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $14,967,165) | 15,502,688 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.7% | ||||||||
MONEY MARKET FUND — 0.7% | ||||||||
State Street Institutional Liquid Reserves Fund 0.17% (c)(d)(e) (Cost $118,439) | 118,439 | 118,439 | ||||||
TOTAL INVESTMENTS — 98.9% (f) | ||||||||
(Cost $15,085,604) | 15,621,127 | |||||||
OTHER ASSETS & LIABILITIES — 1.1% | 167,778 | |||||||
NET ASSETS — 100.0% | $ | 15,788,905 | ||||||
(a) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. (Note 2) | |||||
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 18.1% of net assets as of December 31, 2012, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(d) | The rate shown is the annualized seven-day yield at period end. | |||||
(e) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(f) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
PLC = Public Limited Company
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES
STATEMENTS OF ASSETS AND LIABILITIES
December 31, 2012 (Unaudited)
SPDR Barclays | ||||||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Barclays | SPDR Barclays | Issuer | SPDR Barclays | ||||||||||||||||||||||||||||||||||||
1-3 | SPDR Barclays | Intermediate | SPDR Barclays | SPDR Barclays | Intermediate | SPDR Barclays | Scored | Convertible | ||||||||||||||||||||||||||||||||
Month | SPDR Barclays | Short Term Treasury | Term Treasury | Long Term Treasury | Short Term Corporate | Term Corporate | Long Term Corporate | Corporate | Securities | |||||||||||||||||||||||||||||||
T-Bill ETF | TIPS ETF | ETF | ETF | ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 1,295,837,978 | $ | 767,614,885 | $ | 2,991,054 | $ | 169,320,638 | $ | 62,920,496 | $ | 1,704,137,561 | $ | 342,844,860 | $ | 125,751,421 | $ | 28,935,768 | $ | 908,040,804 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 977,635 | 35,594,387 | 33,934 | 4,448,822 | 2,057,577 | 29,162,667 | 16,811,263 | 4,359,501 | 406,005 | 115,560,211 | ||||||||||||||||||||||||||||||
Total Investments | 1,296,815,613 | 803,209,272 | 3,024,988 | 173,769,460 | 64,978,073 | 1,733,300,228 | 359,656,123 | 130,110,922 | 29,341,773 | 1,023,601,015 | ||||||||||||||||||||||||||||||
Receivable for investments sold | 708,561,496 | 13,068,595 | 71,391 | 4,390,333 | 7,802,315 | 33,643,835 | 1,383,799 | 723,889 | — | 402,645 | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | 14,064,003 | 18,393,727 | — | — | — | 11,972,524 | ||||||||||||||||||||||||||||||
Dividends receivable | — | — | — | — | — | — | — | — | — | 997,523 | ||||||||||||||||||||||||||||||
Interest receivable — unaffiliated issuers | — | 3,935,938 | 12,087 | 785,174 | 581,694 | 16,593,248 | 3,670,186 | 1,620,384 | 325,325 | 3,079,350 | ||||||||||||||||||||||||||||||
Interest receivable — affiliated issuers | 12,609 | 2,845 | 7 | 457 | 139 | 1,314 | 2,673 | 616 | 53 | 30,565 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 2,005,389,718 | 820,216,650 | 3,108,473 | 178,945,424 | 87,426,224 | 1,801,932,352 | 364,712,781 | 132,455,811 | 29,667,151 | 1,040,083,622 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | 35,038,781 | 10,225 | 3,241,703 | 1,935,755 | — | 13,389,858 | 3,537,560 | — | 99,441,045 | ||||||||||||||||||||||||||||||
Payable for investments purchased | 708,753,550 | 13,083,582 | 80,665 | 4,340,547 | 21,844,413 | 75,418,457 | — | — | 183,431 | 13,429,574 | ||||||||||||||||||||||||||||||
Distributions payable | — | 342,246 | 1,858 | 1,018,301 | 104,954 | 3,281,956 | 1,508,657 | 883,884 | 166,676 | 8,512,448 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 154,622 | 122,382 | 308 | 19,567 | 5,936 | 179,174 | 44,001 | 16,684 | 4,004 | 302,708 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 2,886 | 1,327 | 10 | 365 | 158 | 2,052 | 517 | 179 | 42 | 1,385 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 708,911,058 | 48,588,318 | 93,066 | 8,620,483 | 23,891,216 | 78,881,639 | 14,943,033 | 4,438,307 | 354,153 | 121,687,160 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 1,296,478,660 | $ | 771,628,332 | $ | 3,015,407 | $ | 170,324,941 | $ | 63,535,008 | $ | 1,723,050,713 | $ | 349,769,748 | $ | 128,017,504 | $ | 29,312,998 | $ | 918,396,462 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 1,297,038,940 | $ | 700,971,811 | $ | 2,999,493 | $ | 163,007,523 | $ | 65,316,101 | $ | 1,711,862,007 | $ | 333,041,328 | $ | 120,555,901 | $ | 27,948,064 | $ | 920,449,768 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (610,550 | ) | 663,047 | (645 | ) | (152,487 | ) | (98,837 | ) | (773,713 | ) | (571,446 | ) | (230,328 | ) | (14,249 | ) | (8,838,671 | ) | |||||||||||||||||||||
Accumulated net realized gain (loss) on investments | 43,850 | (1,536,355 | ) | 1,917 | 450,927 | (481,289 | ) | 563,830 | 334,371 | 341,516 | 21,216 | (29,366,256 | ) | |||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 6,420 | 71,529,829 | 14,642 | 7,018,978 | (1,200,967 | ) | 11,398,589 | 16,965,495 | 7,350,415 | 1,357,967 | 36,151,621 | |||||||||||||||||||||||||||||
NET ASSETS | $ | 1,296,478,660 | $ | 771,628,332 | $ | 3,015,407 | $ | 170,324,941 | $ | 63,535,008 | $ | 1,723,050,713 | $ | 349,769,748 | $ | 128,017,504 | $ | 29,312,998 | $ | 918,396,462 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 45.81 | $ | 60.76 | $ | 30.15 | $ | 60.83 | $ | 70.59 | $ | 30.66 | $ | 34.63 | $ | 41.30 | $ | 32.57 | $ | 40.10 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 28,300,461 | 12,700,225 | 100,000 | 2,800,168 | 900,000 | 56,200,000 | 10,100,072 | 3,100,000 | 900,000 | 22,900,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 1,295,831,558 | $ | 696,085,056 | $ | 2,976,412 | $ | 162,301,660 | $ | 64,121,463 | $ | 1,692,738,972 | $ | 325,879,365 | $ | 118,401,006 | $ | 27,577,801 | $ | 871,889,183 | ||||||||||||||||||||
Affiliated issuers | 977,635 | 35,594,387 | 33,934 | 4,448,822 | 2,057,577 | 29,162,667 | 16,811,263 | 4,359,501 | 406,005 | 115,560,211 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 1,296,809,193 | $ | 731,679,443 | $ | 3,010,346 | $ | 166,750,482 | $ | 66,179,040 | $ | 1,721,901,639 | $ | 342,690,628 | $ | 122,760,507 | $ | 27,983,806 | $ | 987,449,394 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | — | $ | 34,251,038 | $ | 18,146 | $ | 3,970,254 | $ | 1,883,638 | $ | — | $ | 13,096,357 | $ | 3,440,454 | $ | — | $ | 97,561,626 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
December 31, 2012 (Unaudited)
SPDR Nuveen | ||||||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Nuveen | Barclays | SPDR Nuveen | SPDR Nuveen | SPDR DB International | |||||||||||||||||||||||||||||||||||
Mortgage | SPDR Barclays | Barclays | California | SPDR Nuveen | Barclays | Barclays | Government | |||||||||||||||||||||||||||||||||
Backed | Aggregate | Municipal | Municipal | Barclays New York Municipal | Short Term Municipal | SPDR Nuveen S&P VRDO Municipal | SPDR Nuveen S&P High Yield Municipal | Build America | Inflation-Protected | |||||||||||||||||||||||||||||||
Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 35,374,991 | $ | 604,763,091 | $ | 1,206,096,741 | $ | 100,467,430 | $ | 31,154,158 | $ | 1,594,334,662 | $ | 12,002,000 | $ | 190,741,032 | $ | 103,455,396 | $ | 1,573,551,094 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 38,719,815 | 224,162,102 | 15,641,428 | 505,467 | 7,748 | 5,250,628 | 2,387 | 507,486 | 860,046 | 20,886,384 | ||||||||||||||||||||||||||||||
Total Investments | 74,094,806 | 828,925,193 | 1,221,738,169 | 100,972,897 | 31,161,906 | 1,599,585,290 | 12,004,387 | 191,248,518 | 104,315,442 | 1,594,437,478 | ||||||||||||||||||||||||||||||
Cash | — | 3,500 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Foreign currency, at value | — | — | — | — | — | — | — | — | — | 2,606,416 | ||||||||||||||||||||||||||||||
Receivable for investments sold | — | 1,280,600 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | 7,267,663 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Unrealized appreciation on forward currency contracts | — | — | — | — | — | — | — | — | — | 221,050 | ||||||||||||||||||||||||||||||
Interest receivable — unaffiliated issuers | 62,405 | 3,578,272 | 14,336,654 | 1,144,313 | 356,598 | 19,218,097 | 2,598 | 2,341,521 | 1,392,919 | 8,869,939 | ||||||||||||||||||||||||||||||
Interest receivable — affiliated issuers | 5,859 | 31,683 | — | — | — | — | — | — | 161 | 2,897 | ||||||||||||||||||||||||||||||
Receivable for when issued/ delayed securities | 5,165,497 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Due from Investment Adviser | — | 27,484 | 75,764 | — | — | — | — | 8,356 | — | — | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 79,328,567 | 833,846,732 | 1,243,418,250 | 102,117,210 | 31,518,504 | 1,618,803,387 | 12,006,985 | 193,598,395 | 105,708,522 | 1,606,137,780 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | 23,709,085 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Payable for when issued/delayed securities | 40,456,234 | 183,287,058 | 3,248,850 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | 859,465 | 6,557,925 | — | — | — | — | — | 443,986 | — | ||||||||||||||||||||||||||||||
Unrealized depreciation on forward currency contracts | — | — | — | — | — | — | — | — | — | 76,462 | ||||||||||||||||||||||||||||||
Payable for fund shares repurchased | 2,728,445 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Distributions payable | 636,086 | 4,127,924 | 16,592,589 | 2,455,251 | 289,482 | 4,473,002 | 527 | 989,363 | 361,597 | 12,226,216 | ||||||||||||||||||||||||||||||
Deferred income for dollar rolls | 6,610 | 30,877 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 6,672 | 97,602 | 316,123 | 17,459 | 5,387 | 276,705 | 1,967 | 81,564 | 30,792 | 636,366 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 73 | 1,126 | 2,109 | 153 | 53 | 2,855 | 27 | 178 | 199 | 2,311 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 43,834,120 | 212,113,137 | 26,717,596 | 2,472,863 | 294,922 | 4,752,562 | 2,521 | 1,071,105 | 836,574 | 12,941,355 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 35,494,447 | $ | 621,733,595 | $ | 1,216,700,654 | $ | 99,644,347 | $ | 31,223,582 | $ | 1,614,050,825 | $ | 12,004,464 | $ | 192,527,290 | $ | 104,871,948 | $ | 1,593,196,425 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 35,580,787 | $ | 601,485,188 | $ | 1,142,089,551 | $ | 92,393,561 | $ | 29,231,425 | $ | 1,592,595,572 | $ | 12,005,374 | $ | 181,609,740 | $ | 97,299,028 | $ | 1,488,955,966 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (36,912 | ) | (819,033 | ) | (1,637,672 | ) | (99,456 | ) | (24,873 | ) | (1,251,850 | ) | (910 | ) | (95,994 | ) | (185,233 | ) | (10,692,731 | ) | ||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (109,686 | ) | (398,836 | ) | 3,373,285 | 841,369 | 13,277 | 1,038,599 | — | 94,478 | (91,950 | ) | (28,984,238 | ) | ||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 60,258 | 21,466,276 | 72,875,490 | 6,508,873 | 2,003,753 | 21,668,504 | — | 10,919,066 | 7,850,103 | 143,515,981 | ||||||||||||||||||||||||||||||
Foreign currency | — | — | — | — | — | — | — | — | — | 401,447 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 35,494,447 | $ | 621,733,595 | $ | 1,216,700,654 | $ | 99,644,347 | $ | 31,223,582 | $ | 1,614,050,825 | $ | 12,004,464 | $ | 192,527,290 | $ | 104,871,948 | $ | 1,593,196,425 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 27.30 | $ | 58.65 | $ | 24.24 | $ | 24.30 | $ | 24.02 | $ | 24.27 | $ | 30.01 | $ | 58.34 | $ | 61.69 | $ | 63.22 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 1,300,000 | 10,600,132 | 50,202,072 | 4,100,128 | 1,300,010 | 66,502,164 | 400,000 | 3,300,000 | 1,700,000 | 25,200,483 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 35,314,733 | $ | 583,296,815 | $ | 1,133,221,251 | $ | 93,958,557 | $ | 29,150,405 | $ | 1,572,666,158 | $ | 12,002,000 | $ | 179,821,966 | $ | 95,605,293 | $ | 1,430,035,113 | ||||||||||||||||||||
Affiliated issuers | 38,719,815 | 224,162,102 | 15,641,428 | 505,467 | 7,748 | 5,250,628 | 2,387 | 507,486 | 860,046 | 20,886,384 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 74,034,548 | $ | 807,458,917 | $ | 1,148,862,679 | $ | 94,464,024 | $ | 29,158,153 | $ | 1,577,916,786 | $ | 12,004,387 | $ | 180,329,452 | $ | 96,465,339 | $ | 1,450,921,497 | ||||||||||||||||||||
Foreign currency, at cost | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 2,605,905 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | — | $ | 24,968,794 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
December 31, 2012 (Unaudited)
SPDR BofA Merrill | ||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Barclays | SPDR Barclays | SPDR Barclays | SPDR Barclays | Lynch Emerging | SPDR BofA Merrill | ||||||||||||||||||||||||||||||
Short Term International | International | International | Emerging | Investment | Markets | Lynch Crossover | ||||||||||||||||||||||||||||||
Treasury | Treasury | Corporate | Markets | SPDR Barclays | SPDR Barclays | Grade Floating | Corporate | Corporate | ||||||||||||||||||||||||||||
Bond ETF | Bond ETF | Bond ETF | Local Bond ETF | High Yield Bond ETF | Short Term High Yield Bond ETF | Rate ETF | Bond ETF | Bond ETF | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 249,588,315 | $ | 1,936,262,945 | $ | 113,142,226 | $ | 150,581,666 | $ | 12,230,831,994 | $ | 601,852,206 | $ | 14,582,791 | $ | 15,487,689 | $ | 15,502,688 | ||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 472,660 | 4,706,555 | 389,070 | 370,836 | 89,849,182 | 20,631,422 | 1,994,283 | 268,442 | 118,439 | |||||||||||||||||||||||||||
Total Investments | 250,060,975 | 1,940,969,500 | 113,531,296 | 150,952,502 | 12,320,681,176 | 622,483,628 | 16,577,074 | 15,756,131 | 15,621,127 | |||||||||||||||||||||||||||
Cash | — | — | — | — | 681,275 | — | — | — | — | |||||||||||||||||||||||||||
Foreign currency, at value | 2,974,247 | 25,609,432 | 706,421 | 1,047,867 | — | — | — | — | — | |||||||||||||||||||||||||||
Receivable for investments sold | 17,742,594 | 13,668,685 | 17 | — | 58,668,291 | 5,028,311 | — | — | — | |||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | 15,158,955 | — | — | — | |||||||||||||||||||||||||||
Unrealized appreciation on forward currency contracts | — | — | 49,873 | 12,090 | — | — | — | — | — | |||||||||||||||||||||||||||
Interest receivable — unaffiliated issuers | 2,502,641 | 22,283,560 | 2,721,543 | 2,495,461 | 221,289,696 | 11,168,257 | 18,044 | 227,547 | 222,476 | |||||||||||||||||||||||||||
Interest receivable — affiliated issuers | 201 | 279 | 84 | 77 | 21,069 | 1,757 | 324 | 39 | 77 | |||||||||||||||||||||||||||
Due from Investment Adviser | — | — | — | — | — | — | — | — | 1,215 | |||||||||||||||||||||||||||
TOTAL ASSETS | 273,280,658 | 2,002,531,456 | 117,009,234 | 154,507,997 | 12,601,341,507 | 653,840,908 | 16,595,442 | 15,983,717 | 15,844,895 | |||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | — | 310,930 | — | — | — | 1,351,038 | — | — | |||||||||||||||||||||||||||
Payable for investments purchased | 16,703,319 | 21,952,653 | — | — | — | 28,846,837 | — | — | — | |||||||||||||||||||||||||||
Unrealized depreciation on forward currency contracts | — | — | 172,848 | 8,346 | — | — | — | — | — | |||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | — | — | 28,396,665 | — | — | — | — | |||||||||||||||||||||||||||
Distributions payable | 24,010 | 4,634,402 | 397,274 | 3,981,102 | 66,377,224 | 3,177,720 | 15,441 | 62,261 | 51,185 | |||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 74,127 | 841,990 | 51,311 | 63,013 | 4,262,425 | 195,631 | 1,902 | 6,750 | 4,788 | |||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 404 | 3,456 | 125 | 366 | 19,690 | 200 | 15 | 29 | 17 | |||||||||||||||||||||||||||
TOTAL LIABILITIES | 16,801,860 | 27,432,501 | 932,488 | 4,052,827 | 99,056,004 | 32,220,388 | 1,368,396 | 69,040 | 55,990 | |||||||||||||||||||||||||||
NET ASSETS | $ | 256,478,798 | $ | 1,975,098,955 | $ | 116,076,746 | $ | 150,455,170 | $ | 12,502,285,503 | $ | 621,620,520 | $ | 15,227,046 | $ | 15,914,677 | $ | 15,788,905 | ||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 260,561,950 | $ | 1,876,435,333 | $ | 111,778,475 | $ | 147,260,461 | $ | 12,194,697,065 | $ | 618,010,644 | $ | 15,131,089 | $ | 15,056,183 | $ | 15,246,880 | ||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (3,409,352 | ) | (4,156,515 | ) | 215,828 | 535,870 | (48,045,708 | ) | (1,641,099 | ) | (4,800 | ) | (17,527 | ) | (19,204 | ) | ||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (2,156,511 | ) | (9,036,753 | ) | (598,769 | ) | (2,235,482 | ) | (59,417,744 | ) | (658,550 | ) | 713 | 61,333 | 25,706 | |||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investments | 1,424,565 | 111,441,942 | 4,741,689 | 4,867,656 | 415,051,890 | 5,909,525 | 100,044 | 814,688 | 535,523 | |||||||||||||||||||||||||||
Foreign currency | 58,146 | 414,948 | (60,477 | ) | 26,665 | — | — | — | — | — | ||||||||||||||||||||||||||
NET ASSETS | $ | 256,478,798 | $ | 1,975,098,955 | $ | 116,076,746 | $ | 150,455,170 | $ | 12,502,285,503 | $ | 621,620,520 | $ | 15,227,046 | $ | 15,914,677 | $ | 15,788,905 | ||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 36.64 | $ | 60.96 | $ | 35.17 | $ | 32.01 | $ | 40.56 | $ | 30.32 | $ | 30.45 | $ | 31.83 | $ | 26.31 | ||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 7,000,000 | 32,400,019 | 3,300,000 | 4,700,000 | 308,223,812 | 20,500,000 | 500,000 | 500,000 | 600,000 | |||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 248,163,750 | $ | 1,824,821,003 | $ | 108,400,537 | $ | 145,714,010 | $ | 11,815,780,104 | $ | 595,942,681 | $ | 14,482,747 | $ | 14,673,001 | $ | 14,967,165 | ||||||||||||||||||
Affiliated issuers | 472,660 | 4,706,555 | 389,070 | 370,836 | 89,849,182 | 20,631,422 | 1,994,283 | 268,442 | 118,439 | |||||||||||||||||||||||||||
Total cost of investments | $ | 248,636,410 | $ | 1,829,527,558 | $ | 108,789,607 | $ | 146,084,846 | $ | 11,905,629,286 | $ | 616,574,103 | $ | 16,477,030 | $ | 14,941,443 | $ | 15,085,604 | ||||||||||||||||||
Foreign currency, at cost | $ | 2,970,497 | $ | 25,626,222 | $ | 706,608 | $ | 1,052,934 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
* Includes investments in securities on loan, at value | $ | — | $ | — | $ | 307,061 | $ | — | $ | — | $ | — | $ | 1,322,452 | $ | — | $ | — | ||||||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS
For the Six Months Ended December 31, 2012 (Unaudited)
SPDR Barclays | ||||||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Barclays | SPDR Barclays | Issuer | SPDR Barclays | ||||||||||||||||||||||||||||||||||||
1-3 | SPDR Barclays | Intermediate | SPDR Barclays | SPDR Barclays | Intermediate | SPDR Barclays | Scored | Convertible | ||||||||||||||||||||||||||||||||
Month | SPDR Barclays | Short Term Treasury | Term Treasury | Long Term Treasury | Short Term Corporate | Term Corporate | Long Term Corporate | Corporate | Securities | |||||||||||||||||||||||||||||||
T-Bill ETF | TIPS ETF | ETF | ETF | ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Interest income on securities of unaffiliated issuers* (Note 2) | $ | 531,115 | $ | 4,889,082 | $ | 9,396 | $ | 1,517,834 | $ | 737,869 | $ | 10,531,705 | $ | 4,927,444 | $ | 2,703,610 | $ | 486,797 | $ | 134,194 | ||||||||||||||||||||
Interest income on securities of affiliated issuers (Note 3) | 712 | 1,063 | 21 | 673 | 177 | 11,465 | 1,942 | 976 | 532 | 4,674 | ||||||||||||||||||||||||||||||
Dividend income (Note 2) | — | — | — | — | — | — | — | — | — | 7,062,059 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 134,333 | 12,507 | 21 | 3,883 | 901 | — | 15,624 | 3,489 | — | 204,976 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 666,160 | 4,902,652 | 9,438 | 1,522,390 | 738,947 | 10,543,170 | 4,945,010 | 2,708,075 | 487,329 | 7,405,903 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 887,249 | 708,160 | 2,181 | 122,959 | 38,723 | 885,357 | 236,663 | 90,734 | 22,471 | 1,682,584 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 17,299 | 8,404 | 29 | 2,438 | 748 | 12,061 | 3,302 | 1,099 | 284 | 9,763 | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 904,548 | 716,564 | 2,210 | 125,397 | 39,471 | 897,418 | 239,965 | 91,833 | 22,755 | 1,692,347 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) | (238,388 | ) | 4,186,088 | 7,228 | 1,396,993 | 699,476 | 9,645,752 | 4,705,045 | 2,616,242 | 464,574 | 5,713,556 | |||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 56,031 | 4,838,595 | 16,702 | 1,731,507 | 2,340,974 | 1,513,797 | 687,059 | 2,238,733 | 72,174 | 5,978,707 | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (8,620 | ) | 11,917,953 | (2,439 | ) | (2,051,556 | ) | (4,199,316 | ) | 11,871,210 | 6,822,096 | 1,396,369 | 464,405 | 61,957,373 | ||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | 47,411 | 16,756,548 | 14,263 | (320,049 | ) | (1,858,342 | ) | 13,385,007 | 7,509,155 | 3,635,102 | 536,579 | 67,936,080 | ||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (190,977 | ) | $ | 20,942,636 | $ | 21,491 | $ | 1,076,944 | $ | (1,158,866 | ) | $ | 23,030,759 | $ | 12,214,200 | $ | 6,251,344 | $ | 1,001,153 | $ | 73,649,636 | ||||||||||||||||||
* | Includes all amortization of premium and accretion of market discount. A Fund may treat amortization or accretion differently for tax purposes. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
SPDR Nuveen | ||||||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Nuveen | Barclays | SPDR Nuveen | SPDR Nuveen | SPDR DB International | |||||||||||||||||||||||||||||||||||
Mortgage | SPDR Barclays | Barclays | California | SPDR Nuveen | Barclays | Barclays | Government | |||||||||||||||||||||||||||||||||
Backed | Aggregate | Municipal | Municipal | Barclays New York Municipal | Short Term Municipal | SPDR Nuveen S&P VRDO Municipal | SPDR Nuveen S&P High Yield Municipal | Build America | Inflation-Protected | |||||||||||||||||||||||||||||||
Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Interest income on securities of unaffiliated issuers* (Note 2) | $ | 75,621 | $ | 5,248,281 | $ | 17,592,409 | $ | 1,563,161 | $ | 468,572 | $ | 10,723,542 | $ | 21,274 | $ | 3,892,431 | $ | 2,441,242 | $ | 24,592,019 | ||||||||||||||||||||
Interest income on securities of affiliated issuers (Note 3) | 39,797 | 182,014 | — | — | — | — | — | — | 513 | 3,730 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | — | 20,656 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Foreign taxes withheld | — | — | — | — | — | — | — | — | — | (111,501 | ) | |||||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 115,418 | 5,450,951 | 17,592,409 | 1,563,161 | 468,572 | 10,723,542 | 21,274 | 3,892,431 | 2,441,755 | 24,484,248 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 41,117 | 574,473 | 1,802,525 | 97,860 | 30,568 | 1,616,540 | 12,713 | 368,686 | 186,038 | 3,422,232 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 470 | 6,419 | 13,495 | 1,039 | 345 | 18,708 | 166 | 1,155 | 1,080 | 15,707 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | — | — | — | — | — | 312 | — | — | — | 2,055 | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 41,587 | 580,892 | 1,816,020 | 98,899 | 30,913 | 1,635,560 | 12,879 | 369,841 | 187,118 | 3,439,994 | ||||||||||||||||||||||||||||||
Expenses waived by Adviser (Note 3) | — | (162,103 | ) | (434,084 | ) | — | — | — | — | (38,024 | ) | — | — | |||||||||||||||||||||||||||
NET INVESTMENT INCOME | 73,831 | 5,032,162 | 16,210,473 | 1,464,262 | 437,659 | 9,087,982 | 8,395 | 3,560,614 | 2,254,637 | 21,044,254 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 114,186 | 1,255,710 | 10,910,783 | 2,097,600 | 68,897 | 2,460,861 | — | (58,007 | ) | 1,688,143 | 7,163,147 | |||||||||||||||||||||||||||||
Foreign currency transactions | — | — | — | — | — | — | — | — | — | (822,032 | ) | |||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 6,195 | 3,660,295 | 7,947,469 | (1,300 | ) | 469,377 | (6,233,524 | ) | — | 5,636,531 | 1,135,903 | 93,978,592 | ||||||||||||||||||||||||||||
Foreign currency transactions | — | — | — | — | — | — | — | — | — | 537,500 | ||||||||||||||||||||||||||||||
Forward foreign currency contracts | — | — | — | — | — | — | — | — | — | 144,588 | ||||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 120,381 | 4,916,005 | 18,858,252 | 2,096,300 | 538,274 | (3,772,663 | ) | — | 5,578,524 | 2,824,046 | 101,001,795 | |||||||||||||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 194,212 | $ | 9,948,167 | $ | 35,068,725 | $ | 3,560,562 | $ | 975,933 | $ | 5,315,319 | $ | 8,395 | $ | 9,139,138 | $ | 5,078,683 | $ | 122,046,049 | ||||||||||||||||||||
* | Includes all amortization of premium and accretion of market discount. A Fund may treat amortization or accretion differently for tax purposes. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
SPDR BofA Merrill | ||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Barclays | SPDR Barclays | SPDR Barclays | SPDR Barclays | Lynch Emerging | SPDR BofA Merrill | ||||||||||||||||||||||||||||||
Short Term International | International | International | Emerging | Investment | Markets | Lynch Crossover | ||||||||||||||||||||||||||||||
Treasury | Treasury | Corporate | Markets | SPDR Barclays | SPDR Barclays | Grade Floating | Corporate | Corporate | ||||||||||||||||||||||||||||
Bond ETF | Bond ETF | Bond ETF | Local Bond ETF | High Yield Bond ETF | Short Term High Yield Bond ETF | Rate ETF | Bond ETF | Bond ETF | ||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||
Interest income on securities of unaffiliated issuers* (Note 2) | $ | 1,862,249 | $ | 25,821,342 | $ | 1,370,197 | $ | 5,826,223 | $ | 423,393,353 | $ | 11,626,279 | $ | 89,669 | $ | 360,985 | $ | 273,144 | ||||||||||||||||||
Interest income on securities of affiliated issuers (Note 3) | 382 | 2,116 | 53 | 3,766 | 113,444 | 6,482 | 207 | 168 | 143 | |||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 1,456 | 10,182 | 365 | 7,308 | — | — | 676 | — | — | |||||||||||||||||||||||||||
Foreign taxes withheld | (28,156 | ) | — | (434 | ) | (1,052 | ) | — | — | — | — | — | ||||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 1,835,931 | 25,833,640 | 1,370,181 | 5,836,245 | 423,506,797 | 11,632,761 | 90,552 | 361,153 | 273,287 | |||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 412,950 | 4,860,864 | 243,434 | 528,572 | 24,115,582 | 675,734 | 8,544 | 39,433 | 24,815 | |||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 2,827 | 22,176 | 850 | 1,973 | 133,250 | 1,355 | 71 | 109 | 75 | |||||||||||||||||||||||||||
Miscellaneous expenses | 124 | 38 | — | — | 25 | — | — | — | — | |||||||||||||||||||||||||||
TOTAL EXPENSES | 415,901 | 4,883,078 | 244,284 | 530,545 | 24,248,857 | 677,089 | 8,615 | 39,542 | 24,890 | |||||||||||||||||||||||||||
Expenses waived by Adviser (Note 3) | — | — | — | — | — | — | — | — | (6,279 | ) | ||||||||||||||||||||||||||
NET INVESTMENT INCOME | 1,420,030 | 20,950,562 | 1,125,897 | 5,305,700 | 399,257,940 | 10,955,672 | 81,937 | 321,611 | 254,676 | |||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||
Investments | (1,822,963 | ) | 550,307 | (103,002 | ) | (38,032 | ) | 61,646,458 | (628,048 | ) | (235 | ) | 61,333 | 25,579 | ||||||||||||||||||||||
Foreign currency transactions | 81,301 | 22,948 | (251,996 | ) | (516,772 | ) | — | — | — | — | — | |||||||||||||||||||||||||
Forward foreign currency contracts | — | — | (4,319 | ) | (106 | ) | — | — | — | — | — | |||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investments | 5,480,920 | 58,695,302 | 7,476,139 | 10,864,318 | 418,330,196 | 7,140,174 | �� | 44,643 | 846,757 | 452,890 | ||||||||||||||||||||||||||
Foreign currency transactions | 45,380 | 770,548 | 77,843 | 103,469 | — | — | — | — | — | |||||||||||||||||||||||||||
Forward foreign currency contracts | — | — | (70,387 | ) | (98,204 | ) | — | — | — | — | — | |||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 3,784,638 | 60,039,105 | 7,124,278 | 10,314,673 | 479,976,654 | 6,512,126 | 44,408 | 908,090 | 478,469 | |||||||||||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 5,204,668 | $ | 80,989,667 | $ | 8,250,175 | $ | 15,620,373 | $ | 879,234,594 | $ | 17,467,798 | $ | 126,345 | $ | 1,229,701 | $ | 733,145 | ||||||||||||||||||
* | Includes all amortization of premium and accretion of market discount. A Fund may treat amortization or accretion differently for tax purposes. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS
STATEMENTS OF CHANGES IN NET ASSETS
SPDR Barclays 1-3 | ||||||||||||||||||||||||||||||||||||||||
Month T-Bill ETF | SPDR Barclays TIPS ETF | SPDR Barclays Short Term Treasury ETF | SPDR Barclays Intermediate Term Treasury ETF | SPDR Barclays Long Term Treasury ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | For the Period | Six Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | 11/30/11*- | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | (238,388 | ) | $ | (1,456,928 | ) | $ | 4,186,088 | $ | 15,312,592 | $ | 7,228 | $ | 11,779 | $ | 1,396,993 | $ | 3,763,583 | $ | 699,476 | $ | 1,292,160 | ||||||||||||||||||
Net realized gain (loss) on investments | 56,031 | 96,661 | 4,838,595 | 12,842,797 | 16,702 | 492 | 1,731,507 | 3,892,875 | 2,340,974 | 4,766,278 | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (8,620 | ) | 2,669 | 11,917,953 | 33,373,503 | (2,439 | ) | 17,081 | (2,051,556 | ) | 3,458,846 | (4,199,316 | ) | 3,646,359 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (190,977 | ) | (1,357,598 | ) | 20,942,636 | 61,528,892 | 21,491 | 29,352 | 1,076,944 | 11,115,304 | (1,158,866 | ) | 9,704,797 | |||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 262,949 | 97,950 | (51,164 | ) | 509,896 | (159 | ) | — | (27,096 | ) | (25,281 | ) | (21,363 | ) | 92,288 | |||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | — | (69,285 | ) | (6,653,402 | ) | (16,640,248 | ) | (9,739 | ) | (9,913 | ) | (1,625,779 | ) | (3,826,971 | ) | (810,173 | ) | (1,326,817 | ) | |||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (799,563 | ) | (577,337 | ) | — | — | ||||||||||||||||||||||||||||
Total distributions to shareholders | — | (69,285 | ) | (6,653,402 | ) | (16,640,248 | ) | (9,739 | ) | (9,913 | ) | (2,425,342 | ) | (4,404,308 | ) | (810,173 | ) | (1,326,817 | ) | |||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 700,945,048 | 4,698,827,830 | 54,427,592 | 343,537,124 | — | 6,000,000 | — | 18,205,265 | 64,534,078 | 73,816,628 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (943,787,833 | ) | (4,166,704,643 | ) | (30,072,969 | ) | (93,538,401 | ) | (3,015,784 | ) | — | (24,543,102 | ) | (42,635,334 | ) | (63,874,032 | ) | (39,838,710 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | (262,949 | ) | (97,950 | ) | 51,164 | (509,896 | ) | 159 | — | 27,096 | 25,281 | 21,363 | (92,288 | ) | ||||||||||||||||||||||||||
Other capital (Note 4) | — | — | — | 5,814 | — | — | — | 6,116 | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (243,105,734 | ) | 532,025,237 | 24,405,787 | 249,494,641 | (3,015,625 | ) | 6,000,000 | (24,516,006 | ) | (24,398,672 | ) | 681,409 | 33,885,630 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (243,033,762 | ) | 530,696,304 | 38,643,857 | 294,893,181 | (3,004,032 | ) | 6,019,439 | (25,891,500 | ) | (17,712,957 | ) | (1,308,993 | ) | 42,355,898 | |||||||||||||||||||||||||
Net assets at beginning of period | 1,539,512,422 | 1,008,816,118 | 732,984,475 | 438,091,294 | 6,019,439 | — | 196,216,441 | 213,929,398 | 64,844,001 | 22,488,103 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 1,296,478,660 | $ | 1,539,512,422 | $ | 771,628,332 | $ | 732,984,475 | $ | 3,015,407 | $ | 6,019,439 | $ | 170,324,941 | $ | 196,216,441 | $ | 63,535,008 | $ | 64,844,001 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 15,300,000 | 102,500,000 | 900,000 | 5,900,000 | — | 200,000 | — | 300,000 | 900,000 | 1,100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (20,600,000 | ) | (90,900,000 | ) | (500,000 | ) | (1,600,000 | ) | (100,000 | ) | — | (400,000 | ) | (700,000 | ) | (900,000 | ) | (600,000 | ) | |||||||||||||||||||||
Net increase (decrease) | (5,300,000 | ) | 11,600,000 | 400,000 | 4,300,000 | (100,000 | ) | 200,000 | (400,000 | ) | (400,000 | ) | — | 500,000 | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (610,550 | ) | $ | (372,162 | ) | $ | 663,047 | $ | 3,130,361 | $ | (645 | ) | $ | 1,866 | $ | (152,487 | ) | $ | 76,299 | $ | (98,837 | ) | $ | 11,860 | |||||||||||||||
* | Commencement of operations. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Barclays Short Term Corporate Bond ETF | SPDR Barclays Intermediate Term Corporate Bond ETF | SPDR Barclays Long Term Corporate Bond ETF | SPDR Barclays Issuer Scored Corporate Bond ETF | SPDR Barclays Convertible Securities ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | �� | (Unaudited) | 6/30/12 | ||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 9,645,752 | $ | 9,165,882 | $ | 4,705,045 | $ | 7,549,058 | $ | 2,616,242 | $ | 3,076,755 | $ | 464,574 | $ | 659,614 | $ | 5,713,556 | $ | 7,604,122 | ||||||||||||||||||||
Net realized gain (loss) on investments | 1,513,797 | 1,656,152 | 687,059 | 483,806 | 2,238,733 | 191,607 | 72,174 | 38,649 | 5,978,707 | 15,447,903 | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 11,871,210 | (2,643,868 | ) | 6,822,096 | 6,208,322 | 1,396,369 | 5,249,857 | 464,405 | 770,608 | 61,957,373 | (78,948,329 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 23,030,759 | 8,178,166 | 12,214,200 | 14,241,186 | 6,251,344 | 8,518,219 | 1,001,153 | 1,468,871 | 73,649,636 | (55,896,304 | ) | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 234,044 | 348,584 | 88,157 | 126,041 | 67,129 | 112,231 | 14,206 | 5,425 | (42,196 | ) | (86,216 | ) | ||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (11,305,466 | ) | (8,595,101 | ) | (5,547,393 | ) | (7,474,239 | ) | (3,030,424 | ) | (3,007,660 | ) | (540,137 | ) | (640,917 | ) | (22,469,462 | ) | (26,426,564 | ) | ||||||||||||||||||||
Net realized gains | (1,495,862 | ) | (781,714 | ) | (676,058 | ) | (657,849 | ) | (417,976 | ) | — | (89,607 | ) | — | — | (9,742,085 | ) | |||||||||||||||||||||||
Total distributions to shareholders | (12,801,328 | ) | (9,376,815 | ) | (6,223,451 | ) | (8,132,088 | ) | (3,448,400 | ) | (3,007,660 | ) | (629,744 | ) | (640,917 | ) | (22,469,462 | ) | (36,168,649 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 606,826,412 | 847,040,810 | 62,338,717 | 83,502,549 | 53,428,275 | 50,429,117 | 6,488,884 | 9,330,175 | 138,698,821 | 212,781,925 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (79,000,558 | ) | — | — | (16,460,139 | ) | (3,986,157 | ) | — | — | (55,121,525 | ) | (263,818,524 | ) | |||||||||||||||||||||||||
Net income equalization (Note 2) | (234,044 | ) | (348,584 | ) | (88,157 | ) | (126,041 | ) | (67,129 | ) | (112,231 | ) | (14,206 | ) | (5,425 | ) | 42,196 | 86,216 | ||||||||||||||||||||||
Other capital (Note 4) | 562,603 | 665,278 | 152,761 | 111,134 | 412,698 | 327,188 | 35,689 | 51,316 | 58,655 | 109,541 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 607,154,971 | 768,356,946 | 62,403,321 | 83,487,642 | 37,313,705 | 46,657,917 | 6,510,367 | 9,376,066 | 83,678,147 | (50,840,842 | ) | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 617,618,446 | 767,506,881 | 68,482,227 | 89,722,781 | 40,183,778 | 52,280,707 | 6,895,982 | 10,209,445 | 134,816,125 | (142,992,011 | ) | |||||||||||||||||||||||||||||
Net assets at beginning of period | 1,105,432,267 | 337,925,386 | 281,287,521 | 191,564,740 | 87,833,726 | 35,553,019 | 22,417,016 | 12,207,571 | 783,580,337 | 926,572,348 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 1,723,050,713 | $ | 1,105,432,267 | $ | 349,769,748 | $ | 281,287,521 | $ | 128,017,504 | $ | 87,833,726 | $ | 29,312,998 | $ | 22,417,016 | $ | 918,396,462 | $ | 783,580,337 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 19,800,000 | 27,900,000 | 1,800,000 | 2,500,000 | 1,300,000 | 1,300,000 | 200,000 | 300,000 | 3,500,000 | 5,500,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (2,600,000 | ) | — | — | (400,000 | ) | (100,000 | ) | — | — | (1,400,000 | ) | (7,000,000 | ) | |||||||||||||||||||||||||
Net increase (decrease) | 19,800,000 | 25,300,000 | 1,800,000 | 2,500,000 | 900,000 | 1,200,000 | 200,000 | 300,000 | 2,100,000 | (1,500,000 | ) | |||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (773,713 | ) | $ | 886,001 | $ | (571,446 | ) | $ | 270,902 | $ | (230,328 | ) | $ | 183,854 | $ | (14,249 | ) | $ | 61,314 | $ | (8,838,671 | ) | $ | 7,917,235 | |||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Barclays Mortgage Backed Bond ETF | SPDR Barclays Aggregate Bond ETF | SPDR Nuveen Barclays Municipal Bond ETF | SPDR Nuveen Barclays California Municipal Bond ETF | SPDR Nuveen Barclays New York Municipal Bond ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 73,831 | $ | 523,463 | $ | 5,032,162 | $ | 7,615,534 | $ | 16,210,473 | $ | 31,012,156 | $ | 1,464,262 | $ | 2,841,773 | $ | 437,659 | $ | 876,530 | ||||||||||||||||||||
Net realized gain (loss) on investments | 114,186 | 1,123,279 | 1,255,710 | 3,520,250 | 10,910,783 | 16,459,767 | 2,097,600 | 1,029,518 | 68,897 | 339,723 | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 6,195 | (81,520 | ) | 3,660,295 | 11,336,859 | 7,947,469 | 42,753,645 | (1,300 | ) | 5,959,895 | 469,377 | 1,253,655 | ||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | 194,212 | 1,565,222 | 9,948,167 | 22,472,643 | 35,068,725 | 90,225,568 | 3,560,562 | 9,831,186 | 975,933 | 2,469,908 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 41 | 315 | 9,591 | 262,979 | 91,737 | 236,549 | 20,510 | 4,440 | 5,298 | 1,401 | ||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (100,362 | ) | (547,777 | ) | (5,906,247 | ) | (7,551,717 | ) | (19,072,988 | ) | (30,903,162 | ) | (1,696,512 | ) | (2,820,526 | ) | (516,308 | ) | (873,962 | ) | ||||||||||||||||||||
Net realized gains | (628,923 | ) | (781,622 | ) | (3,313,336 | ) | (2,701,732 | ) | (13,923,826 | ) | (2,760,920 | ) | (2,219,662 | ) | (75,264 | ) | (215,588 | ) | — | |||||||||||||||||||||
Total distributions to shareholders | (729,285 | ) | (1,329,399 | ) | (9,219,583 | ) | (10,253,449 | ) | (32,996,814 | ) | (33,664,082 | ) | (3,916,174 | ) | (2,895,790 | ) | (731,896 | ) | (873,962 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 2,782,633 | 24,935,769 | 23,566,930 | 354,570,466 | 120,582,579 | 290,172,530 | 17,335,703 | 9,541,167 | 2,422,540 | 2,385,699 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (5,502,865 | ) | (22,005,784 | ) | — | (29,119,079 | ) | (41,672,250 | ) | (84,616,202 | ) | (2,530,257 | ) | (4,510,237 | ) | — | — | |||||||||||||||||||||||
Net income equalization (Note 2) | (41 | ) | (315 | ) | (9,591 | ) | (262,979 | ) | (91,737 | ) | (236,549 | ) | (20,510 | ) | (4,440 | ) | (5,298 | ) | (1,401 | ) | ||||||||||||||||||||
Other capital (Note 4) | 4,143 | 23,471 | 3,146 | 325,878 | 122,050 | 23,264 | 1,232 | 1,210 | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (2,716,130 | ) | 2,953,141 | 23,560,485 | 325,514,286 | 78,940,642 | 205,343,043 | 14,786,168 | 5,027,700 | 2,417,242 | 2,384,298 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (3,251,162 | ) | 3,189,279 | 24,298,660 | 337,996,459 | 81,104,290 | 262,141,078 | 14,451,066 | 11,967,536 | 2,666,577 | 3,981,645 | |||||||||||||||||||||||||||||
Net assets at beginning of period | 38,745,609 | 35,556,330 | 597,434,935 | 259,438,476 | 1,135,596,364 | 873,455,286 | 85,193,281 | 73,225,745 | 28,557,005 | 24,575,360 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 35,494,447 | $ | 38,745,609 | $ | 621,733,595 | $ | 597,434,935 | $ | 1,216,700,654 | $ | 1,135,596,364 | $ | 99,644,347 | $ | 85,193,281 | $ | 31,223,582 | $ | 28,557,005 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 100,000 | 900,000 | 400,000 | 6,100,000 | 4,900,000 | 12,200,000 | 700,000 | 400,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (200,000 | ) | (800,000 | ) | — | (500,000 | ) | (1,700,000 | ) | (3,600,000 | ) | (100,000 | ) | (200,000 | ) | — | — | |||||||||||||||||||||||
Net increase (decrease) | (100,000 | ) | 100,000 | 400,000 | 5,600,000 | 3,200,000 | 8,600,000 | 600,000 | 200,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (36,912 | ) | $ | (10,381 | ) | $ | (819,033 | ) | $ | 55,052 | $ | (1,637,672 | ) | $ | 1,224,843 | $ | (99,456 | ) | $ | 132,794 | $ | (24,873 | ) | $ | 53,776 | ||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Nuveen Barclays Short Term Municipal Bond ETF | SPDR Nuveen S&P VRDO Municipal Bond ETF | SPDR Nuveen S&P High Yield Municipal Bond ETF | SPDR Nuveen Barclays Build America Bond ETF | SPDR DB International Government Inflation-Protected Bond ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 9,087,982 | $ | 19,220,280 | $ | 8,395 | $ | 64,203 | $ | 3,560,614 | $ | 3,248,829 | $ | 2,254,637 | $ | 2,332,182 | $ | 21,044,254 | $ | 55,337,568 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 2,460,861 | 6,603,624 | — | — | (58,007 | ) | 618,150 | 1,688,143 | 106,607 | 6,341,115 | (30,994,486 | ) | ||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | (6,233,524 | ) | 6,882,043 | — | — | 5,636,531 | 3,518,679 | 1,135,903 | 6,024,659 | 94,660,680 | (44,755,707 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 5,315,319 | 32,705,947 | 8,395 | 64,203 | 9,139,138 | 7,385,658 | 5,078,683 | 8,463,448 | 122,046,049 | (20,412,625 | ) | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 42,120 | 151,424 | (74 | ) | 2,062 | 160,719 | 99,234 | (1,551 | ) | 155,278 | — | — | ||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (10,738,733 | ) | (19,407,131 | ) | (10,386 | ) | (71,881 | ) | (3,978,612 | ) | (3,013,802 | ) | (2,600,395 | ) | (2,280,069 | ) | (36,280,277 | ) | (45,531,927 | ) | ||||||||||||||||||||
Net realized gains | (3,057,836 | ) | (2,438,920 | ) | — | — | (258,139 | ) | (112,155 | ) | — | — | — | — | ||||||||||||||||||||||||||
Total distributions to shareholders | (13,796,569 | ) | (21,846,051 | ) | (10,386 | ) | (71,881 | ) | (4,236,751 | ) | (3,125,957 | ) | (2,600,395 | ) | (2,280,069 | ) | (36,280,277 | ) | (45,531,927 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 112,387,612 | 321,334,173 | — | 6,003,938 | 92,316,628 | 49,256,420 | 12,460,105 | 65,278,517 | 232,967,435 | 175,261,911 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (29,247,765 | ) | (92,537,497 | ) | (3,001,200 | ) | — | — | (5,269,471 | ) | (12,150,356 | ) | — | — | (197,452,173 | ) | ||||||||||||||||||||||||
Net income equalization (Note 2) | (42,120 | ) | (151,424 | ) | 74 | (2,062 | ) | (160,719 | ) | (99,234 | ) | 1,551 | (155,278 | ) | — | — | ||||||||||||||||||||||||
Other capital (Note 4) | 87,808 | 45,126 | — | 1,501 | 25,351 | 10,849 | 6,231 | 32,639 | 698,902 | 1,047,730 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 83,185,535 | 228,690,378 | (3,001,126 | ) | 6,003,377 | 92,181,260 | 43,898,564 | 317,531 | 65,155,878 | 233,666,337 | (21,142,532 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 74,746,405 | 239,701,698 | (3,003,191 | ) | 5,997,761 | 97,244,366 | 48,257,499 | 2,794,268 | 71,494,535 | 319,432,109 | (87,087,084 | ) | ||||||||||||||||||||||||||||
Net assets at beginning of period | 1,539,304,420 | 1,299,602,722 | 15,007,655 | 9,009,894 | 95,282,924 | 47,025,425 | 102,077,680 | 30,583,145 | 1,273,764,316 | 1,360,851,400 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 1,614,050,825 | $ | 1,539,304,420 | $ | 12,004,464 | $ | 15,007,655 | $ | 192,527,290 | $ | 95,282,924 | $ | 104,871,948 | $ | 102,077,680 | $ | 1,593,196,425 | $ | 1,273,764,316 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 4,600,000 | 13,200,000 | — | 200,000 | 1,600,000 | 900,000 | 200,000 | 1,100,000 | 3,700,000 | 2,900,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (1,200,000 | ) | (3,800,000 | ) | (100,000 | ) | — | — | (100,000 | ) | (200,000 | ) | — | — | (3,400,000 | ) | ||||||||||||||||||||||||
Net increase (decrease) | 3,400,000 | 9,400,000 | (100,000 | ) | 200,000 | 1,600,000 | 800,000 | — | 1,100,000 | 3,700,000 | (500,000 | ) | ||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (1,251,850 | ) | $ | 398,901 | $ | (910 | ) | $ | 1,081 | $ | (95,994 | ) | $ | 322,004 | $ | (185,233 | ) | $ | 160,525 | $ | (10,692,731 | ) | $ | 4,543,292 | |||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Barclays Short Term International Treasury Bond ETF | SPDR Barclays International Treasury Bond ETF | SPDR Barclays International Corporate Bond ETF | SPDR Barclays Emerging Markets Local Bond ETF | SPDR Barclays High Yield Bond ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | 12/31/12 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 1,420,030 | $ | 3,516,452 | $ | 20,950,562 | $ | 38,500,559 | $ | 1,125,897 | $ | 1,785,363 | $ | 5,305,700 | $ | 4,717,343 | $ | 399,257,940 | $ | 681,120,977 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (1,741,662 | ) | (4,179,081 | ) | 573,255 | 15,866,538 | (359,317 | ) | (1,035,480 | ) | (554,910 | ) | (2,128,424 | ) | 61,646,458 | 117,795,768 | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 5,526,300 | (14,392,259 | ) | 59,465,850 | (63,441,435 | ) | 7,483,595 | (4,228,625 | ) | 10,869,583 | (6,319,124 | ) | 418,330,196 | (141,094,309 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 5,204,668 | (15,054,888 | ) | 80,989,667 | (9,074,338 | ) | 8,250,175 | (3,478,742 | ) | 15,620,373 | (3,730,205 | ) | 879,234,594 | 657,822,436 | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | — | — | — | — | — | — | 5,401,638 | 14,470,021 | ||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (24,010 | ) | (7,810,394 | ) | (24,170,564 | ) | (62,242,574 | ) | (1,100,232 | ) | (1,118,887 | ) | (7,805,844 | ) | (673,556 | ) | (469,421,529 | ) | (674,892,495 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | (77,543 | ) | — | (54,938 | ) | — | — | (60,929,098 | ) | |||||||||||||||||||||||||||
Total distributions to shareholders | (24,010 | ) | (7,810,394 | ) | (24,170,564 | ) | (62,242,574 | ) | (1,177,775 | ) | (1,118,887 | ) | (7,860,782 | ) | (673,556 | ) | (469,421,529 | ) | (735,821,593 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 25,760,016 | 48,195,018 | 163,582,006 | 512,721,724 | 37,736,666 | 36,547,501 | 53,834,939 | 171,145,924 | 3,475,885,398 | 8,535,471,169 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (50,986,915 | ) | (108,623,292 | ) | (162,493,818 | ) | — | (13,166,413 | ) | (108,729,909 | ) | — | (2,168,730,145 | ) | (4,598,599,185 | ) | |||||||||||||||||||||||
Net income equalization (Note 2) | — | — | — | — | — | — | — | — | (5,401,638 | ) | (14,470,021 | ) | ||||||||||||||||||||||||||||
Other capital (Note 4) | 15,029 | 73,772 | 395,669 | 940,934 | 123,828 | 152,127 | 561,030 | 1,723,336 | 4,782,439 | 6,123,944 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 25,775,045 | (2,718,125 | ) | 55,354,383 | 351,168,840 | 37,860,494 | 23,533,215 | (54,333,940 | ) | 172,869,260 | 1,306,536,054 | 3,928,525,907 | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 30,955,703 | (25,583,407 | ) | 112,173,486 | 279,851,928 | 44,932,894 | 18,935,586 | (46,574,349 | ) | 168,465,499 | 1,721,750,757 | 3,864,996,771 | ||||||||||||||||||||||||||||
Net assets at beginning of period | 225,523,095 | 251,106,502 | 1,862,925,469 | 1,583,073,541 | 71,143,852 | 52,208,266 | 197,029,519 | 28,564,020 | 10,780,534,746 | 6,915,537,975 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 256,478,798 | $ | 225,523,095 | $ | 1,975,098,955 | $ | 1,862,925,469 | $ | 116,076,746 | $ | 71,143,852 | $ | 150,455,170 | $ | 197,029,519 | $ | 12,502,285,503 | $ | 10,780,534,746 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 700,000 | 1,300,000 | 2,700,000 | 8,600,000 | 1,100,000 | 1,100,000 | 1,700,000 | 5,500,000 | 87,000,000 | 221,200,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (1,400,000 | ) | (1,800,000 | ) | (2,700,000 | ) | — | (400,000 | ) | (3,400,000 | ) | — | (54,100,000 | ) | (119,300,000 | ) | |||||||||||||||||||||||
Net increase (decrease) | 700,000 | (100,000 | ) | 900,000 | 5,900,000 | 1,100,000 | 700,000 | (1,700,000 | ) | 5,500,000 | 32,900,000 | 101,900,000 | ||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (3,409,352 | ) | $ | (4,805,372 | ) | $ | (4,156,515 | ) | $ | (936,513 | ) | $ | 215,828 | $ | 190,163 | $ | 535,870 | $ | 3,036,014 | $ | (48,045,708 | ) | $ | 22,117,866 | |||||||||||||||
See accompanying notes to financial statements.
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Barclays Short Term High Yield Bond ETF | SPDR Barclays Investment Grade Floating Rate ETF | SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | |||||||||||||||||||||||||||||
Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | |||||||||||||||||||||||||
12/31/12 | 3/14/12*- | 12/31/12 | 11/30/11*- | 12/31/12 | 6/18/12*- | 12/31/12 | 6/18/12*- | |||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 10,955,672 | $ | 1,639,503 | $ | 81,937 | $ | 75,182 | $ | 321,611 | $ | 16,655 | $ | 254,676 | $ | 12,013 | ||||||||||||||||
Net realized gain (loss) on investments | (628,048 | ) | (289,666 | ) | (235 | ) | 948 | 61,333 | — | 25,579 | 127 | |||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 7,140,174 | (1,230,649 | ) | 44,643 | 55,401 | 846,757 | (32,069 | ) | 452,890 | 82,633 | ||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 17,467,798 | 119,188 | 126,345 | 131,531 | 1,229,701 | (15,414 | ) | 733,145 | 94,773 | |||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 1,394,054 | 248,040 | 3,029 | 1,730 | — | — | 13,218 | — | ||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||
Net investment income | (13,125,180 | ) | (1,111,094 | ) | (97,564 | ) | (64,355 | ) | (355,793 | ) | — | (285,893 | ) | — | ||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 482,669,248 | 155,091,837 | 6,091,935 | 9,030,831 | — | 15,000,000 | 5,220,776 | 10,000,000 | ||||||||||||||||||||||||
Cost of shares redeemed | — | (20,379,391 | ) | — | — | — | — | — | — | |||||||||||||||||||||||
Net income equalization (Note 2) | (1,394,054 | ) | (248,040 | ) | (3,029 | ) | (1,730 | ) | — | — | (13,218 | ) | — | |||||||||||||||||||
Other capital (Note 4) | 643,084 | 245,030 | 8,323 | — | — | 56,183 | 26,104 | — | ||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 481,918,278 | 134,709,436 | 6,097,229 | 9,029,101 | — | 15,056,183 | 5,233,662 | 10,000,000 | ||||||||||||||||||||||||
Net increase in net assets during the period | 487,654,950 | 133,965,570 | 6,129,039 | 9,098,007 | 873,908 | 15,040,769 | 5,694,132 | 10,094,773 | ||||||||||||||||||||||||
Net assets at beginning of period | 133,965,570 | — | 9,098,007 | — | 15,040,769 | — | 10,094,773 | — | ||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 621,620,520 | $ | 133,965,570 | $ | 15,227,046 | $ | 9,098,007 | $ | 15,914,677 | $ | 15,040,769 | $ | 15,788,905 | $ | 10,094,773 | ||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||
Shares sold | 16,000,000 | 5,200,000 | 200,000 | 300,000 | — | 500,000 | 200,000 | 400,000 | ||||||||||||||||||||||||
Shares redeemed | — | (700,000 | ) | — | — | — | — | — | — | |||||||||||||||||||||||
Net increase (decrease) | 16,000,000 | 4,500,000 | 200,000 | 300,000 | — | 500,000 | 200,000 | 400,000 | ||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (1,641,099 | ) | $ | 528,409 | $ | (4,800 | ) | $ | 10,827 | $ | (17,527 | ) | $ | 16,655 | $ | (19,204 | ) | $ | 12,013 | ||||||||||||
* | Commencement of operations. |
See accompanying notes to financial statements.
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SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
Selected data for a share outstanding throughout each period
SPDR Barclays 1-3 Month T-Bill ETF | SPDR Barclays TIPS ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 45.82 | $ | 45.85 | $ | 45.85 | $ | 45.86 | $ | 45.88 | $ | 45.96 | $ | 59.59 | $ | 54.76 | $ | 52.74 | $ | 49.74 | $ | 52.00 | $ | 47.88 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | (0.01 | )(1) | (0.04 | )(1) | 0.00 | (1)(2) | 0.00 | (1)(2) | 0.23 | (1) | 1.32 | 0.33 | (1) | 1.53 | (1) | 2.21 | (1) | 1.78 | (1) | 0.54 | (1) | 2.86 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | (0.01 | ) | 0.01 | 0.00 | (2) | 0.00 | (2) | 0.11 | 0.03 | 1.37 | 4.93 | 1.70 | 2.78 | (1.19 | ) | 4.24 | ||||||||||||||||||||||||||||||||
Total from investment operations | (0.02 | ) | (0.03 | ) | 0.00 | (2) | 0.00 | (2) | 0.34 | 1.35 | 1.70 | 6.46 | 3.91 | 4.56 | (0.65 | ) | 7.10 | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.01 | 0.00 | (2) | 0.00 | (2) | 0.00 | (2) | 0.02 | 0.09 | (0.00 | )(2) | 0.05 | 0.01 | 0.01 | 0.07 | (0.12 | ) | |||||||||||||||||||||||||||||||
Other Capital (1) | — | — | — | — | — | — | — | 0.00 | (2) | — | — | 0.00 | (2) | — | ||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | — | 0.00 | (2) | — | 0.00 | (2) | (0.37 | ) | (1.52 | ) | (0.53 | ) | (1.68 | ) | (1.90 | ) | (1.57 | ) | (1.68 | ) | (2.86 | ) | ||||||||||||||||||||||||||
Net realized gains | — | — | — | 0.00 | (2) | (0.01 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Return of capital | — | — | — | (0.01 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | — | — | — | (0.01 | ) | (0.38 | ) | (1.52 | ) | (0.53 | ) | (1.68 | ) | (1.90 | ) | (1.57 | ) | (1.68 | ) | (2.86 | ) | |||||||||||||||||||||||||||
Net asset value, end of period | $ | 45.81 | $ | 45.82 | $ | 45.85 | $ | 45.85 | $ | 45.86 | $ | 45.88 | $ | 60.76 | $ | 59.59 | $ | 54.76 | $ | 52.74 | $ | 49.74 | $ | 52.00 | ||||||||||||||||||||||||
Total return (4) | (0.01 | )% | (0.08 | )% | 0.01 | % | 0.00 | %(5) | 0.79 | % | 3.18 | % | 2.84 | % | 12.03 | % | 7.55 | % | 9.33 | % | (1.11 | )% | 14.96 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,296,479 | $ | 1,539,512 | $ | 1,008,816 | $ | 1,054,532 | $ | 985,943 | $ | 284,435 | $ | 771,628 | $ | 732,984 | $ | 438,091 | $ | 379,749 | $ | 288,501 | $ | 93,602 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.14 | %(6) | 0.14 | % | 0.15 | % | 0.14 | % | 0.14 | % | 0.14 | % | 0.19 | %(6) | 0.19 | % | 0.20 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | (0.04 | )%(6) | (0.09 | )% | 0.00 | %(5) | 0.00 | %(5) | 0.49 | % | 2.72 | % | 1.09 | %(6) | 2.62 | % | 4.12 | % | 3.48 | % | 1.11 | % | 6.49 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 290 | % | 619 | % | 628 | % | 623 | % | 692 | % | 583 | % | 10 | % | 23 | % | 21 | % | 18 | % | 21 | % | 16 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amount is less than $0.005 per share. | |
(3) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Amount is less than 0.005% per share. | |
(6) | Annualized | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Barclays Short Term Treasury ETF | SPDR Barclays Intermediate Term Treasury ETF | |||||||||||||||||||||||||||||||
Six Months | For the | Six Months | ||||||||||||||||||||||||||||||
Ended | Period | Ended | ||||||||||||||||||||||||||||||
12/31/12 | 11/30/11*- | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||
(Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||
Net asset value, beginning of period | $ | 30.10 | $ | 30.00 | $ | 61.31 | $ | 59.42 | $ | 59.19 | $ | 57.22 | $ | 55.32 | $ | 52.56 | ||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||
Net investment income | 0.06 | (1) | 0.06 | (1) | 0.47 | (1) | 1.07 | (1) | 1.17 | (1) | 1.19 | (1) | 1.43 | (1) | 2.06 | |||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.07 | 0.09 | (0.10 | ) | 2.07 | 0.37 | 2.02 | 1.92 | 2.81 | |||||||||||||||||||||||
Total from investment operations | 0.13 | 0.15 | 0.37 | 3.14 | 1.54 | 3.21 | 3.35 | 4.87 | ||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(3) | — | (0.01 | ) | (0.01 | ) | (0.01 | ) | 0.03 | 0.06 | 0.17 | ||||||||||||||||||||
Other Capital (1) | — | — | — | 0.00 | (3) | 0.00 | (3) | — | — | — | ||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||
Net investment income | (0.08 | ) | (0.05 | ) | (0.55 | ) | (1.08 | ) | (1.18 | ) | (1.19 | ) | (1.51 | ) | (2.24 | ) | ||||||||||||||||
Net realized gains | — | — | (0.29 | ) | (0.16 | ) | (0.12 | ) | (0.08 | ) | — | (0.04 | ) | |||||||||||||||||||
Total distributions | (0.08 | ) | (0.05 | ) | (0.84 | ) | (1.24 | ) | (1.30 | ) | (1.27 | ) | (1.51 | ) | (2.28 | ) | ||||||||||||||||
Net asset value, end of period | $ | 30.15 | $ | 30.10 | $ | 60.83 | $ | 61.31 | $ | 59.42 | $ | 59.19 | $ | 57.22 | $ | 55.32 | ||||||||||||||||
Total return (4) | 0.45 | % | 0.49 | % | 0.57 | % | 5.30 | % | 2.62 | % | 5.73 | % | 6.20 | % | 9.73 | % | ||||||||||||||||
Net assets, end of period (in 000’s) | $ | 3,015 | $ | 6,019 | $ | 170,325 | $ | 196,216 | $ | 213,929 | $ | 242,703 | $ | 143,070 | $ | 44,261 | ||||||||||||||||
Ratio of expenses to average net assets | 0.12 | %(5) | 0.12 | %(5) | 0.14 | %(5) | 0.14 | % | 0.16 | % | 0.14 | % | 0.14 | % | 0.14 | % | ||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.40 | %(5) | 0.34 | %(5) | 1.53 | %(5) | 1.75 | % | 1.98 | % | 2.06 | % | 2.50 | % | 3.51 | % | ||||||||||||||||
Portfolio turnover rate (6) | 18 | % | 24 | % | 15 | % | 35 | % | 33 | % | 39 | % | 49 | % | 36 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Barclays Long Term Treasury ETF | SPDR Barclays Short Term Corporate Bond ETF | SPDR Barclays Intermediate Term Corporate Bond ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | 12/16/09*- | 12/31/12 | Year Ended | Year Ended | Year Ended | 2/10/09*- | ||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 72.05 | $ | 56.22 | $ | 59.15 | $ | 55.00 | $ | 53.39 | $ | 49.67 | $ | 30.37 | $ | 30.44 | $ | 29.98 | $ | 30.00 | $ | 33.89 | $ | 33.03 | $ | 32.50 | $ | 30.39 | $ | 30.00 | ||||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.88 | (1) | 1.92 | (1) | 2.17 | (1) | 2.20 | (1) | 2.36 | (1) | 2.47 | 0.21 | (1) | 0.49 | (1) | 0.56 | (1) | 0.31 | (1) | 0.52 | (1) | 1.12 | (1) | 1.14 | (1) | 1.31 | (1) | 0.59 | (1) | |||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (1.28 | ) | 15.76 | (2.94 | ) | 4.06 | 1.64 | 3.72 | 0.34 | (0.06 | ) | 0.48 | (0.17 | ) | 0.87 | 0.92 | 0.66 | 2.13 | 0.20 | |||||||||||||||||||||||||||||||||||||||||
Total from investment operations | (0.40 | ) | 17.68 | (0.77 | ) | 6.26 | 4.00 | 6.19 | 0.55 | 0.43 | 1.04 | 0.14 | 1.39 | 2.04 | 1.80 | 3.44 | 0.79 | |||||||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.03 | ) | 0.14 | 0.01 | 0.08 | 0.01 | (0.01 | ) | 0.01 | 0.02 | 0.01 | 0.04 | 0.01 | 0.02 | 0.03 | 0.09 | 0.05 | |||||||||||||||||||||||||||||||||||||||||||
Other Capital (1) | — | — | — | — | — | — | 0.01 | 0.04 | 0.00 | (3) | 0.06 | 0.02 | 0.02 | 0.00 | (3) | 0.00 | (3) | — | ||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.03 | ) | (1.99 | ) | (2.17 | ) | (2.19 | ) | (2.40 | ) | (2.45 | ) | (0.25 | ) | (0.50 | ) | (0.56 | ) | (0.26 | ) | (0.61 | ) | (1.12 | ) | (1.15 | ) | (1.38 | ) | (0.45 | ) | ||||||||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (0.01 | ) | (0.03 | ) | (0.06 | ) | (0.03 | ) | — | (0.07 | ) | (0.10 | ) | (0.15 | ) | (0.04 | ) | — | |||||||||||||||||||||||||||||||||||||
Total distributions | (1.03 | ) | (1.99 | ) | (2.17 | ) | (2.19 | ) | (2.40 | ) | (2.46 | ) | (0.28 | ) | (0.56 | ) | (0.59 | ) | (0.26 | ) | (0.68 | ) | (1.22 | ) | (1.30 | ) | (1.42 | ) | (0.45 | ) | ||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 70.59 | $ | 72.05 | $ | 56.22 | $ | 59.15 | $ | 55.00 | $ | 53.39 | $ | 30.66 | $ | 30.37 | $ | 30.44 | $ | 29.98 | $ | 34.63 | $ | 33.89 | $ | 33.03 | $ | 32.50 | $ | 30.39 | ||||||||||||||||||||||||||||||
Total return (4) | (0.60 | )% | 32.03 | % | (1.24 | )% | 11.93 | % | 7.51 | % | 12.62 | % | 1.88 | % | 1.63 | % | 3.60 | % | 0.79 | % | 4.21 | % | 6.41 | % | 5.72 | % | 11.85 | % | 2.86 | % | ||||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 63,535 | $ | 64,844 | $ | 22,488 | $ | 23,661 | $ | 16,499 | $ | 10,678 | $ | 1,723,051 | $ | 1,105,432 | $ | 337,925 | $ | 161,898 | $ | 349,770 | $ | 281,288 | $ | 191,565 | $ | 113,747 | $ | 27,349 | ||||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.14 | %(5) | 0.14 | % | 0.15 | % | 0.14 | % | 0.14 | % | 0.14 | % | 0.13 | %(5) | 0.13 | % | 0.13 | % | 0.13 | %(5) | 0.15 | %(5) | 0.15 | % | 0.16 | % | 0.15 | % | 0.15 | %(5) | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.43 | %(5) | 2.85 | % | 3.79 | % | 4.01 | % | 4.14 | % | 4.58 | % | 1.36 | %(5) | 1.61 | % | 1.83 | % | 1.94 | %(5) | 2.98 | %(5) | 3.34 | % | 3.45 | % | 4.13 | % | 5.22 | %(5) | ||||||||||||||||||||||||||||||
Portfolio turnover rate (6) | 10 | % | 22 | % | 26 | % | 54 | % | 17 | % | 11 | % | 19 | % | 50 | % | 46 | % | 23 | % | 6 | % | 15 | % | 37 | % | 42 | % | 4 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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277
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Barclays Long Term Corporate Bond ETF | SPDR Barclays Issuer Scored Corporate Bond ETF | SPDR Barclays Convertible Securities ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | 3/10/09*- | 12/31/12 | Year Ended | 4/6/11*- | 12/31/12 | Year Ended | Year Ended | Year Ended | 4/14/09*- | ||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 39.92 | $ | 35.55 | $ | 36.57 | $ | 33.31 | $ | 30.00 | $ | 32.02 | $ | 30.52 | $ | 30.00 | $ | 37.67 | $ | 41.55 | $ | 36.06 | $ | 31.65 | $ | 30.00 | ||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.91 | (1) | 1.92 | (1) | 2.00 | (1) | 2.07 | (1) | 0.65 | (1) | 0.54 | (1) | 1.11 | (1) | 0.24 | (1) | 0.27 | (1) | 0.37 | (1) | 0.68 | (1) | 1.43 | (1) | 0.35 | (1) | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.50 | 4.10 | (0.22 | ) | 3.30 | 3.13 | 0.68 | 1.40 | 0.32 | 3.20 | (2.45 | ) | 6.52 | 4.78 | 1.42 | |||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.41 | 6.02 | 1.78 | 5.37 | 3.78 | 1.22 | 2.51 | 0.56 | 3.47 | (2.08 | ) | 7.20 | 6.21 | 1.77 | ||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.02 | 0.07 | 0.02 | 0.06 | — | 0.02 | 0.01 | — | (0.00 | )(3) | 0.00 | (3) | 0.04 | 0.05 | 0.05 | |||||||||||||||||||||||||||||||||||||
Other Capital (1) | 0.14 | 0.20 | 0.02 | — | — | 0.04 | 0.09 | 0.11 | 0.00 | (3) | 0.01 | 0.00 | (3) | 0.02 | 0.05 | |||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.06 | ) | (1.92 | ) | (2.01 | ) | (2.09 | ) | (0.47 | ) | (0.63 | ) | (1.11 | ) | (0.15 | ) | (1.04 | ) | (1.29 | ) | (1.63 | ) | (1.76 | ) | (0.22 | ) | ||||||||||||||||||||||||||
Net realized gains | (0.13 | ) | — | (0.83 | ) | (0.08 | ) | — | (0.10 | ) | — | — | — | (0.52 | ) | (0.12 | ) | (0.11 | ) | — | ||||||||||||||||||||||||||||||||
Total distributions | (1.19 | ) | (1.92 | ) | (2.84 | ) | (2.17 | ) | (0.47 | ) | (0.73 | ) | (1.11 | ) | (0.15 | ) | (1.04 | ) | (1.81 | ) | (1.75 | ) | (1.87 | ) | (0.22 | ) | ||||||||||||||||||||||||||
Net asset value, end of period | $ | 41.30 | $ | 39.92 | $ | 35.55 | $ | 36.57 | $ | 33.31 | $ | 32.57 | $ | 32.02 | $ | 30.52 | $ | 40.10 | $ | 37.67 | $ | 41.55 | $ | 36.06 | $ | 31.65 | ||||||||||||||||||||||||||
Total return (4) | 6.47 | % | 18.04 | % | 5.20 | % | 16.76 | % | 12.70 | % | 4.02 | % | 8.72 | % | 2.23 | % | 9.27 | % | (4.89 | )% | 20.38 | % | 19.92 | % | 6.24 | % | ||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 128,018 | $ | 87,834 | $ | 35,553 | $ | 32,909 | $ | 6,661 | $ | 29,313 | $ | 22,417 | $ | 12,208 | $ | 918,396 | $ | 783,580 | $ | 926,572 | $ | 259,629 | $ | 44,307 | ||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.15 | %(5) | 0.15 | % | 0.17 | % | 0.15 | % | 0.15 | %(5) | 0.16 | %(5) | 0.16 | % | 0.16 | %(5) | 0.40 | %(5) | 0.40 | % | 0.41 | % | 0.40 | % | 0.40 | %(5) | ||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 4.32 | %(5) | 4.97 | % | 5.49 | % | 5.85 | % | 6.82 | %(5) | 3.31 | %(5) | 3.53 | % | 3.42 | %(5) | 1.36 | %(5) | 1.02 | % | 1.68 | % | 3.85 | % | 5.33 | %(5) | ||||||||||||||||||||||||||
Portfolio turnover rate (6) | 7 | % | 21 | % | 58 | % | 42 | % | 27 | % | 4 | % | 17 | % | 6 | % | 10 | % | 17 | % | 33 | % | 26 | % | 9 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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279
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Barclays Mortgage Backed Bond ETF | SPDR Barclays Aggregate Bond ETF | |||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | ||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | 1/15/09*- | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 27.68 | $ | 27.35 | $ | 27.36 | $ | 26.26 | $ | 26.05 | $ | 58.57 | $ | 56.40 | $ | 56.67 | $ | 54.47 | $ | 53.13 | $ | 52.09 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.05 | (1) | 0.41 | (1) | 0.48 | (1) | 0.68 | (1) | 0.25 | (1) | 0.48 | (1) | 1.26 | (1) | 1.55 | (1) | 1.85 | (1) | 2.13 | (1) | 2.44 | |||||||||||||||||||||||
Net realized and unrealized gain (2) | 0.09 | 0.85 | 0.50 | 1.29 | 0.14 | 0.48 | 2.68 | 0.58 | 3.13 | 1.41 | 0.91 | |||||||||||||||||||||||||||||||||
Total from investment operations | 0.14 | 1.26 | 0.98 | 1.97 | 0.39 | 0.96 | 3.94 | 2.13 | 4.98 | 3.54 | 3.35 | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | 0.00 | (3) | 0.02 | 0.07 | — | 0.00 | (3) | 0.04 | 0.01 | 0.01 | 0.03 | 0.31 | ||||||||||||||||||||||||||||||
Other Capital (1) | 0.00 | (3) | 0.02 | 0.06 | 0.10 | — | 0.00 | (3) | 0.05 | 0.00 | (3) | — | 0.01 | — | ||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.07 | ) | (0.43 | ) | (0.51 | ) | (0.73 | ) | (0.18 | ) | (0.57 | ) | (1.35 | ) | (1.59 | ) | (1.86 | ) | (2.18 | ) | (2.62 | ) | ||||||||||||||||||||||
Net realized gains | (0.45 | ) | (0.52 | ) | (0.56 | ) | (0.31 | ) | — | (0.31 | ) | (0.51 | ) | (0.82 | ) | (0.93 | ) | (0.06 | ) | — | ||||||||||||||||||||||||
Total distributions | (0.52 | ) | (0.95 | ) | (1.07 | ) | (1.04 | ) | (0.18 | ) | (0.88 | ) | (1.86 | ) | (2.41 | ) | (2.79 | ) | (2.24 | ) | (2.62 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 27.30 | $ | 27.68 | $ | 27.35 | $ | 27.36 | $ | 26.26 | $ | 58.65 | $ | 58.57 | $ | 56.40 | $ | 56.67 | $ | 54.47 | $ | 53.13 | ||||||||||||||||||||||
Total return (4) | 0.53 | % | 4.82 | % | 3.88 | % | 8.31 | % | 1.51 | % | 1.65 | % | 7.29 | % | 3.83 | % | 9.36 | % | 6.90 | % | 7.13 | % | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 35,494 | $ | 38,746 | $ | 35,556 | $ | 27,362 | $ | 5,252 | $ | 621,734 | $ | 597,435 | $ | 259,438 | $ | 221,027 | $ | 196,090 | $ | 116,880 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.20 | % | 0.21 | % | 0.21 | % | 0.20 | %(5) | 0.13 | %(5) | 0.13 | % | 0.15 | % | 0.13 | % | 0.13 | % | 0.13 | % | ||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | N/A | N/A | N/A | N/A | N/A | 0.19 | %(5) | 0.19 | % | 0.20 | % | 0.19 | % | 0.19 | % | 0.19 | % | |||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.36 | %(5) | 1.47 | % | 1.77 | % | 2.55 | % | 2.14 | %(5) | 1.62 | %(5) | 2.17 | % | 2.74 | % | 3.33 | % | 3.98 | % | 4.13 | % | ||||||||||||||||||||||
Portfolio turnover rate (6) | 218 | % | 1,489 | % | 1,107 | % | 897 | % | 619 | % | 74 | % | 428 | % | 310 | % | 376 | % | 475 | % | 151 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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281
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Nuveen Barclays Municipal Bond ETF | SPDR Nuveen Barclays California Municipal Bond ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | 10/10/07*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 24.16 | $ | 22.75 | $ | 22.94 | $ | 21.95 | $ | 21.73 | $ | 22.16 | $ | 24.34 | $ | 22.19 | $ | 22.53 | $ | 21.25 | $ | 21.74 | $ | 22.18 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.33 | (1) | 0.74 | (1) | 0.79 | (1) | 0.85 | (1) | 0.86 | (1) | 0.64 | 0.37 | (1) | 0.87 | (1) | 0.87 | (1) | 0.96 | (1) | 0.92 | (1) | 0.62 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.42 | 1.48 | (0.05 | ) | 0.97 | 0.18 | (0.53 | ) | 0.56 | 2.16 | (0.19 | ) | 1.27 | (0.52 | ) | (0.52 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 0.75 | 2.22 | 0.74 | 1.82 | 1.04 | 0.11 | 0.93 | 3.03 | 0.68 | 2.23 | 0.40 | 0.10 | ||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | 0.01 | 0.00 | (3) | 0.02 | 0.03 | 0.05 | 0.01 | 0.00 | (3) | 0.01 | 0.01 | 0.02 | 0.02 | |||||||||||||||||||||||||||||||||
Other Capital (1) | 0.00 | (3) | 0.00 | (3) | — | — | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | ||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.39 | ) | (0.75 | ) | (0.79 | ) | (0.85 | ) | (0.85 | ) | (0.59 | ) | (0.44 | ) | (0.86 | ) | (0.86 | ) | (0.96 | ) | (0.91 | ) | (0.56 | ) | ||||||||||||||||||||||||
Net realized gains | (0.28 | ) | (0.07 | ) | (0.14 | ) | — | — | — | (0.54 | ) | (0.02 | ) | (0.17 | ) | — | — | — | ||||||||||||||||||||||||||||||
Total distributions | (0.67 | ) | (0.82 | ) | (0.93 | ) | (0.85 | ) | (0.85 | ) | (0.59 | ) | (0.98 | ) | (0.88 | ) | (1.03 | ) | (0.96 | ) | (0.91 | ) | (0.56 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 24.24 | $ | 24.16 | $ | 22.75 | $ | 22.94 | $ | 21.95 | $ | 21.73 | $ | 24.30 | $ | 24.34 | $ | 22.19 | $ | 22.53 | $ | 21.25 | $ | 21.74 | ||||||||||||||||||||||||
Total return (4) | 3.10 | % | 9.95 | % | 3.33 | % | 8.50 | % | 5.07 | % | 0.73 | % | 3.88 | % | 13.91 | % | 3.23 | % | 10.67 | % | 2.02 | % | 0.54 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,216,701 | $ | 1,135,596 | $ | 873,455 | $ | 952,260 | $ | 583,859 | $ | 256,404 | $ | 99,644 | $ | 85,193 | $ | 73,226 | $ | 65,333 | $ | 40,376 | $ | 17,392 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.23 | %(5) | 0.23 | % | 0.22 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | ||||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | 0.30 | %(5) | 0.30 | % | 0.30 | % | 0.30 | % | 0.30 | % | 0.30 | %(5) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.70 | %(5) | 3.14 | % | 3.46 | % | 3.75 | % | 3.96 | % | 3.79 | %(5) | 2.99 | %(5) | 3.68 | % | 3.92 | % | 4.32 | % | 4.33 | % | 4.04 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 11 | % | 17 | % | 16 | % | 9 | % | 3 | % | 0 | % | 19 | % | 14 | % | 29 | % | 12 | % | 24 | % | 17 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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283
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Nuveen Barclays New York Municipal Bond ETF | SPDR Nuveen Barclays Short Term Municipal Bond ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | 10/11/07*- | 12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | 10/10/07*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 23.80 | $ | 22.34 | $ | 22.66 | $ | 21.49 | $ | 21.64 | $ | 21.96 | $ | 24.39 | $ | 24.20 | $ | 24.08 | $ | 23.67 | $ | 22.82 | $ | 22.53 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.35 | (1) | 0.77 | (1) | 0.76 | (1) | 0.88 | (1) | 0.87 | (1) | 0.63 | 0.14 | (1) | 0.33 | (1) | 0.36 | (1) | 0.42 | (1) | 0.55 | (1) | 0.45 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.45 | 1.46 | (0.20 | ) | 1.16 | (0.16 | ) | (0.39 | ) | (0.05 | ) | 0.23 | 0.19 | 0.41 | 0.83 | 0.19 | ||||||||||||||||||||||||||||||||
Total from investment operations | 0.80 | 2.23 | 0.56 | 2.04 | 0.71 | 0.24 | 0.09 | 0.56 | 0.55 | 0.83 | 1.38 | 0.64 | ||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.01 | — | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.03 | 0.06 | ||||||||||||||||||||||||||||||
Other Capital (1) | — | — | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | — | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.01 | 0.01 | ||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.41 | ) | (0.77 | ) | (0.76 | ) | (0.88 | ) | (0.87 | ) | (0.56 | ) | (0.16 | ) | (0.33 | ) | (0.36 | ) | (0.44 | ) | (0.57 | ) | (0.42 | ) | ||||||||||||||||||||||||
Net realized gains | (0.17 | ) | — | (0.12 | ) | — | — | — | (0.05 | ) | (0.04 | ) | (0.07 | ) | — | — | — | |||||||||||||||||||||||||||||||
Total distributions | (0.58 | ) | (0.77 | ) | (0.88 | ) | (0.88 | ) | (0.87 | ) | (0.56 | ) | (0.21 | ) | (0.37 | ) | (0.43 | ) | (0.44 | ) | (0.57 | ) | (0.42 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 24.02 | $ | 23.80 | $ | 22.34 | $ | 22.66 | $ | 21.49 | $ | 21.64 | $ | 24.27 | $ | 24.39 | $ | 24.20 | $ | 24.08 | $ | 23.67 | $ | 22.82 | ||||||||||||||||||||||||
Total return (4) | 3.36 | % | 10.10 | % | 2.55 | % | 9.66 | % | 3.49 | % | 1.08 | % | 0.35 | % | 2.36 | % | 2.33 | % | 3.60 | % | 6.29 | % | 3.16 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 31,224 | $ | 28,557 | $ | 24,575 | $ | 24,926 | $ | 15,046 | $ | 12,986 | $ | 1,614,051 | $ | 1,539,304 | $ | 1,299,603 | $ | 1,252,378 | $ | 501,788 | $ | 123,225 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.86 | %(5) | 3.30 | % | 3.40 | % | 3.92 | % | 4.11 | % | 4.02 | %(5) | 1.12 | %(5) | 1.34 | % | 1.49 | % | 1.77 | % | 2.35 | % | 2.66 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 7 | % | 24 | % | 37 | % | 9 | % | 33 | % | 32 | % | 15 | % | 23 | % | 25 | % | 14 | % | 4 | % | 2 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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285
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Nuveen S&P VRDO Municipal Bond ETF | SPDR Nuveen S&P High Yield Municipal Bond ETF | SPDR Nuveen Barclays Build America Bond ETF | ||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | 9/23/09*- | 12/31/12 | Year Ended | 4/13/11*- | 12/31/12 | Year Ended | Year Ended | 5/12/10*- | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | (Unaudited) | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 30.02 | $ | 30.03 | $ | 30.03 | $ | 30.00 | $ | 56.05 | $ | 52.25 | $ | 50.00 | $ | 60.05 | $ | 50.97 | $ | 50.73 | $ | 50.00 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.02 | (1) | 0.17 | (1) | 0.24 | (1) | 0.06 | (1) | 1.41 | (1) | 3.12 | (1) | 0.64 | (1) | 1.31 | (1) | 2.65 | (1) | 2.74 | (1) | 0.34 | (1) | ||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.01 | ) | — | — | — | 2.48 | 3.70 | 1.96 | 1.85 | 8.92 | 0.16 | 0.49 | ||||||||||||||||||||||||||||||||
Total from investment operations | 0.01 | 0.17 | 0.24 | 0.06 | 3.89 | 6.82 | 2.60 | 3.16 | 11.57 | 2.90 | 0.83 | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | (3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.06 | 0.10 | — | (0.00 | )(3) | 0.18 | 0.06 | — | ||||||||||||||||||||||||||||
Other Capital (1) | — | 0.00 | (3) | — | 0.01 | 0.01 | 0.01 | — | 0.00 | (3) | 0.04 | 0.02 | — | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.02 | ) | (0.18 | ) | (0.24 | ) | (0.04 | ) | (1.59 | ) | (3.01 | ) | (0.35 | ) | (1.52 | ) | (2.71 | ) | (2.73 | ) | (0.10 | ) | ||||||||||||||||||||||
Net realized gains | — | — | — | — | (0.08 | ) | (0.12 | ) | — | — | — | (0.01 | ) | — | ||||||||||||||||||||||||||||||
Total distributions | (0.02 | ) | (0.18 | ) | (0.24 | ) | (0.04 | ) | (1.67 | ) | (3.13 | ) | (0.35 | ) | (1.52 | ) | (2.71 | ) | (2.74 | ) | (0.10 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 30.01 | $ | 30.02 | $ | 30.03 | $ | 30.03 | $ | 58.34 | $ | 56.05 | $ | 52.25 | $ | 61.69 | $ | 60.05 | $ | 50.97 | $ | 50.73 | ||||||||||||||||||||||
Total return (4) | 0.07 | % | 0.55 | % | 0.81 | % | 0.23 | % | 7.14 | % | 13.71 | % | 5.21 | % | 5.31 | % | 23.52 | % | 6.22 | % | 1.67 | % | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 12,004 | $ | 15,008 | $ | 9,010 | $ | 15,013 | $ | 192,527 | $ | 95,283 | $ | 47,025 | $ | 104,872 | $ | 102,078 | $ | 30,583 | $ | 10,147 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.21 | % | 0.21 | % | 0.21 | %(5) | 0.45 | %(5) | 0.45 | % | 0.45 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.36 | %(5) | ||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | N/A | N/A | N/A | N/A | 0.50 | %(5) | 0.50 | % | 0.50 | %(5) | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.13 | %(5) | 0.50 | % | 0.80 | % | 0.26 | %(5) | 4.83 | %(5) | 5.75 | % | 5.86 | %(5) | 4.24 | %(5) | 4.57 | % | 5.54 | % | 5.10 | %(5) | ||||||||||||||||||||||
Portfolio turnover rate (6) | 59 | % | 92 | % | 77 | % | 173 | % | 4 | % | 24 | % | 33 | % | 9 | % | 112 | % | 58 | % | 16 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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287
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR DB International Government Inflation-Protected Bond ETF | SPDR Barclays Short Term International Treasury Bond ETF | |||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | 3/13/08*- | 12/31/12 | Year Ended | Year Ended | Year Ended | 1/15/09*- | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 59.24 | $ | 61.86 | $ | 52.18 | $ | 51.90 | $ | 60.71 | $ | 61.85 | $ | 35.80 | $ | 39.24 | $ | 33.73 | $ | 35.05 | $ | 33.05 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.95 | (1) | 2.56 | (1) | 3.19 | (1) | 2.52 | (1) | 2.08 | (1) | 0.73 | 0.22 | (1) | 0.54 | (1) | 0.51 | (1) | 0.46 | (1) | 0.21 | (1) | |||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 4.57 | (3.10 | ) | 7.90 | (1.96 | ) | (9.07 | ) | (1.35 | ) | 0.62 | (2.73 | ) | 4.97 | (1.41 | ) | 1.83 | |||||||||||||||||||||||||||
Total from investment operations | 5.52 | (0.54 | ) | 11.09 | 0.56 | (6.99 | ) | (0.62 | ) | 0.84 | (2.19 | ) | 5.48 | (0.95 | ) | 2.04 | ||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | 0.35 | 0.03 | 0.10 | — | — | — | 0.07 | (0.06 | ) | ||||||||||||||||||||||||||||||||
Other Capital (1) | 0.03 | 0.05 | 0.09 | 0.17 | 0.07 | 0.05 | 0.00 | (3) | 0.01 | 0.03 | 0.10 | 0.07 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.57 | ) | (2.13 | ) | (1.50 | ) | (0.80 | ) | (0.04 | ) | (0.67 | ) | (0.00 | )(3) | (1.26 | ) | — | (0.54 | ) | (0.05 | ) | |||||||||||||||||||||||
Return of capital | — | — | — | — | (1.88 | ) | — | — | — | — | (0.00 | )(3) | — | |||||||||||||||||||||||||||||||
Total distributions | (1.57 | ) | (2.13 | ) | (1.50 | ) | (0.80 | ) | (1.92 | ) | (0.67 | ) | (0.00 | )(3) | (1.26 | ) | — | (0.54 | ) | (0.05 | ) | |||||||||||||||||||||||
Net asset value, end of period | $ | 63.22 | $ | 59.24 | $ | 61.86 | $ | 52.18 | $ | 51.90 | $ | 60.71 | $ | 36.64 | $ | 35.80 | $ | 39.24 | $ | 33.73 | $ | 35.05 | ||||||||||||||||||||||
Total return (4) | 9.45 | % | (0.69 | )% | 21.61 | % | 2.03 | % | (11.34 | )% | (0.73 | )% | 2.36 | % | (5.59 | )% | 16.34 | % | (2.32 | )% | 6.22 | % | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,593,196 | $ | 1,273,764 | $ | 1,360,851 | $ | 850,501 | $ | 394,482 | $ | 206,414 | $ | 256,479 | $ | 225,523 | $ | 251,107 | $ | 134,928 | $ | 10,514 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(5) | 0.50 | % | 0.52 | % | 0.50 | % | 0.50 | % | 0.50 | %(5) | 0.35 | %(5) | 0.35 | % | 0.36 | % | 0.35 | % | 0.36 | %(5) | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 3.07 | %(5) | 4.32 | % | 5.43 | % | 4.60 | % | 4.20 | % | 6.89 | %(5) | 1.20 | %(5) | 1.47 | % | 1.37 | % | 1.30 | % | 1.39 | %(5) | ||||||||||||||||||||||
Portfolio turnover rate (6) | 18 | % | 40 | % | 23 | % | 40 | % | 50 | % | 2 | % | 38 | % | 116 | % | 85 | % | 95 | % | 39 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
288
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289
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Barclays International Treasury Bond ETF | SPDR Barclays International Corporate Bond ETF | SPDR Barclays Emerging Markets Local Bond ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | 10/2/07*- | 12/31/12 | Year Ended | Year Ended | 5/19/10*- | 12/31/12 | Year Ended | 2/23/11*- | ||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | (Unaudited) | 6/30/12 | 6/30/11 | ||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 59.14 | $ | 61.84 | $ | 53.78 | $ | 54.19 | $ | 55.14 | $ | 51.55 | $ | 32.34 | $ | 34.81 | $ | 29.97 | $ | 30.00 | $ | 30.79 | $ | 31.74 | $ | 30.00 | ||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.66 | (1) | 1.39 | (1) | 1.42 | (1) | 1.48 | (1) | 1.51 | (1) | 0.97 | 0.43 | (1) | 0.97 | (1) | 0.93 | (1) | 0.07 | (1) | 0.81 | (1) | 1.57 | (1) | 0.55 | (1) | |||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.91 | (1.79 | ) | 7.09 | (1.48 | ) | (1.32 | ) | 3.49 | 2.77 | (2.85 | ) | 4.44 | (0.14 | ) | 1.76 | (2.55 | ) | 1.06 | |||||||||||||||||||||||||||||||||
Total from investment operations | 2.57 | (0.40 | ) | 8.51 | — | 0.19 | 4.46 | 3.20 | (1.88 | ) | 5.37 | (0.07 | ) | 2.57 | (0.98 | ) | 1.61 | |||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | (0.08 | ) | (0.01 | ) | 0.11 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Other Capital (1) | 0.01 | 0.03 | 0.04 | 0.10 | 0.02 | 0.03 | 0.05 | 0.08 | 0.26 | 0.04 | 0.09 | 0.57 | 0.41 | |||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.76 | ) | (2.33 | ) | (0.49 | ) | (0.43 | ) | (1.15 | ) | (1.01 | ) | (0.40 | ) | (0.67 | ) | (0.78 | ) | — | (1.43 | ) | (0.54 | ) | (0.28 | ) | |||||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (0.02 | ) | — | (0.01 | ) | — | (0.01 | ) | — | — | ||||||||||||||||||||||||||||||||||||
Total distributions | (0.76 | ) | (2.33 | ) | (0.49 | ) | (0.43 | ) | (1.15 | ) | (1.01 | ) | (0.42 | ) | (0.67 | ) | (0.79 | ) | — | (1.44 | ) | (0.54 | ) | (0.28 | ) | |||||||||||||||||||||||||||
Net asset value, end of period | $ | 60.96 | $ | 59.14 | $ | 61.84 | $ | 53.78 | $ | 54.19 | $ | 55.14 | $ | 35.17 | $ | 32.34 | $ | 34.81 | $ | 29.97 | $ | 32.01 | $ | 30.79 | $ | 31.74 | ||||||||||||||||||||||||||
Total return (3) | 4.37 | % | (0.58 | )% | 15.95 | % | (0.01 | )% | 0.50 | % | 8.95 | % | 10.14 | % | (5.17 | )% | 19.01 | % | (0.10 | )% | 8.76 | % | (1.30 | )% | 6.70 | % | ||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,975,099 | $ | 1,862,925 | $ | 1,583,074 | $ | 1,037,923 | $ | 1,089,231 | $ | 760,990 | $ | 116,077 | $ | 71,144 | $ | 52,208 | $ | 5,993 | $ | 150,455 | $ | 197,030 | $ | 28,564 | ||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(4) | 0.50 | % | 0.52 | % | 0.50 | % | 0.50 | % | 0.50 | %(4) | 0.55 | %(4) | 0.55 | % | 0.55 | % | 0.55 | %(4) | 0.50 | %(4) | 0.50 | % | 0.50 | %(4) | ||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.15 | %(4) | 2.32 | % | 2.41 | % | 2.62 | % | 2.91 | % | 3.03 | %(4) | 2.54 | %(4) | 2.95 | % | 2.77 | % | 2.16 | %(4) | 5.02 | %(4) | 5.13 | % | 5.01 | %(4) | ||||||||||||||||||||||||||
Portfolio turnover rate (5) | 14 | % | 38 | % | 63 | % | 80 | % | 43 | % | 54 | % | 10 | % | 42 | % | 21 | % | 2 | % | 40 | % | 18 | % | 5 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(4) | Annualized | |
(5) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Barclays High Yield Bond ETF | SPDR Barclays Short Term High Yield Bond ETF | SPDR Barclays Investment Grade Floating Rate ETF | SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/12 | Year Ended | Year Ended | Year Ended | Year Ended | 11/28/07*- | 12/31/12 | 3/14/12*- | 12/31/12 | 11/30/11*- | 12/31/12 | 6/18/12*- | 12/31/12 | 6/18/12*- | |||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | 6/30/08 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | (Unaudited) | 6/30/12 | |||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 39.16 | $ | 39.88 | $ | 37.99 | $ | 34.30 | $ | 43.82 | $ | 47.29 | $ | 29.77 | $ | 30.00 | $ | 30.33 | $ | 30.00 | $ | 30.08 | $ | 30.00 | $ | 25.24 | $ | 25.00 | ||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.34 | (1) | 2.85 | (1) | 3.25 | (1) | 4.16 | (1) | 4.75 | (1) | 2.19 | 0.99 | (1) | 0.56 | (1) | 0.22 | (1) | 0.30 | (1) | 0.64 | (1) | 0.06 | (1) | 0.54 | (1) | 0.05 | (1) | |||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.59 | (0.53 | ) | 2.53 | 3.70 | (10.11 | ) | (4.04 | ) | 0.54 | (0.60 | ) | 0.14 | 0.28 | 1.82 | (0.20 | ) | 1.02 | 0.19 | |||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.93 | 2.32 | 5.78 | 7.86 | (5.36 | ) | (1.85 | ) | 1.53 | (0.04 | ) | 0.36 | 0.58 | 2.46 | (0.14 | ) | 1.56 | 0.24 | ||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.02 | 0.06 | 0.05 | 0.14 | 0.39 | 0.39 | 0.13 | 0.09 | 0.01 | 0.01 | — | — | 0.03 | — | ||||||||||||||||||||||||||||||||||||||||||
Other Capital (1) | 0.02 | 0.03 | 0.01 | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.06 | 0.08 | 0.02 | — | — | 0.22 | 0.06 | — | ||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.57 | ) | (2.87 | ) | (3.34 | ) | (4.31 | ) | (4.55 | ) | (2.02 | ) | (1.17 | ) | (0.36 | ) | (0.27 | ) | (0.26 | ) | (0.71 | ) | — | (0.58 | ) | — | ||||||||||||||||||||||||||||||
Net realized gains | — | (0.26 | ) | (0.61 | ) | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total distributions | (1.57 | ) | (3.13 | ) | (3.95 | ) | (4.31 | ) | (4.55 | ) | (2.02 | ) | (1.17 | ) | (0.36 | ) | (0.27 | ) | (0.26 | ) | (0.71 | ) | — | (0.58 | ) | — | ||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 40.56 | $ | 39.16 | $ | 39.88 | $ | 37.99 | $ | 34.30 | $ | 43.82 | $ | 30.32 | $ | 29.77 | $ | 30.45 | $ | 30.33 | $ | 31.83 | $ | 30.08 | $ | 26.31 | $ | 25.24 | ||||||||||||||||||||||||||||
Total return (4) | 7.72 | % | 6.50 | % | 15.87 | % | 24.22 | % | (10.13 | )%(5) | (3.10 | )% | 5.87 | % | 0.44 | % | 1.31 | % | 1.95 | % | 8.23 | % | 0.27 | % | 6.60 | % | 0.95 | % | ||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 12,502,286 | $ | 10,780,535 | $ | 6,915,538 | $ | 4,301,252 | $ | 1,900,709 | $ | 394,346 | $ | 621,621 | $ | 133,966 | $ | 15,227 | $ | 9,098 | $ | 15,915 | $ | 15,041 | $ | 15,789 | $ | 10,095 | ||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.40 | %(6) | 0.40 | % | 0.41 | % | 0.40 | % | 0.40 | % | 0.40 | %(6) | 0.40 | %(6) | 0.40 | %(6) | 0.15 | %(6) | 0.15 | %(6) | 0.50 | %(6) | 0.50 | %(6) | 0.30 | %(6) | 0.30 | %(6) | ||||||||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.40 | %(6) | 0.40 | %(6) | ||||||||||||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 6.62 | %(6) | 7.38 | % | 8.13 | % | 10.96 | % | 14.81 | % | 9.43 | %(6) | 6.49 | %(6) | 6.40 | %(6) | 1.44 | %(6) | 1.68 | %(6) | 4.08 | %(6) | 3.38 | %(6) | 4.10 | %(6) | 3.64 | %(6) | ||||||||||||||||||||||||||||
Portfolio turnover rate (7) | 20 | % | 38 | % | 40 | % | 53 | % | 30 | % | 19 | % | 22 | % | 16 | % | 1 | % | 5 | % | 14 | % | 6 | % | 6 | % | 1 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | If the Adviser had not made a voluntary contribution during the Year Ended 6/30/09 to the SPDR Barclays High Yield Bond ETF, the total return would have been (10.44)%. | |
(6) | Annualized | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
292
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293
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS
NOTES TO FINANCIAL STATEMENTS
December 31, 2012 (Unaudited)
1. | Organization |
SPDR Series Trust (the “Trust”), which is registered under the Investment Company Act of 1940, as amended (“1940 Act”), is an open-end investment management company that was organized as a Massachusetts business trust on June 12, 1998.
As of December 31, 2012, the Trust offered sixty-five (65) portfolios, each of which represents a separate series of beneficial interest in the Trust (each referred to as a “Fund”, collectively as the “Funds”). The financial statements herein relate to the following twenty-nine (29) Funds: SPDR Barclays 1-3 Month T-Bill ETF, SPDR Barclays TIPS ETF, SPDR Barclays Short Term Treasury ETF, SPDR Barclays Intermediate Term Treasury ETF, SPDR Barclays Long Term Treasury ETF, SPDR Barclays Short Term Corporate Bond ETF, SPDR Barclays Intermediate Term Corporate Bond ETF, SPDR Barclays Long Term Corporate Bond ETF, SPDR Barclays Issuer Scored Corporate Bond ETF, SPDR Barclays Convertible Securities ETF, SPDR Barclays Mortgage Backed Bond ETF, SPDR Barclays Aggregate Bond ETF, SPDR Nuveen Barclays Municipal Bond ETF, SPDR Nuveen Barclays California Municipal Bond ETF, SPDR Nuveen Barclays New York Municipal Bond ETF, SPDR Nuveen Barclays Short Term Municipal Bond ETF, SPDR Nuveen S&P VRDO Municipal Bond ETF, SPDR Nuveen S&P High Yield Municipal Bond ETF, SPDR Nuveen Barclays Build America Bond ETF, SPDR DB International Government Inflation-Protected Bond ETF, SPDR Barclays Short Term International Treasury Bond ETF, SPDR Barclays International Treasury Bond ETF, SPDR Barclays International Corporate Bond ETF, SPDR Barclays Emerging Markets Local Bond ETF, SPDR Barclays High Yield Bond ETF, SPDR Barclays Short Term High Yield Bond ETF, SPDR Barclays Investment Grade Floating Rate ETF, SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF and SPDR BofA Merrill Lynch Crossover Corporate Bond ETF. Each Fund operates as a non-diversified investment company. The other thirty-six (36) Funds are included in a separate Semi-Annual Report.
Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this could involve future claims that may be made against the Trust that have not yet occurred. However, based on experience, the Trust expects the risk of loss to be remote.
The Trust invests in various investments which are exposed to risks, such as market risk. Due to the level of risk associated with certain investments it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could be material.
An investment in a Fund involves risks similar to those of investing in any fund of fixed income securities, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in securities prices. The value of each Fund’s shares will decline, more or less, in correlation with any decline in the value of the Fund’s benchmark index. The values of fixed income securities could decline generally or could underperform other investments. Generally, Funds will not sell a fixed income security because the security’s issuer is in financial trouble, unless that security is removed from the Funds’ respective benchmark index.
2. | Summary of Significant Accounting Policies |
The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements:
The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. These financial statements are presented in United States dollars.
Security Valuation
The value of each Fund’s portfolio securities and other financial instruments is based on the market price of the securities, which generally means a valuation obtained from an exchange or other market (or based on a price quotation or other equivalent indication of value supplied by an exchange or other market) or a valuation obtained from an independent pricing service. Investments in open-end investment companies are valued at their net asset value
294
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
each business day. Variable Rate Demand Obligations are valued at par. Forward foreign currency contracts are valued at the forward rate and are marked-to-market daily. U.S. fixed income securities may be valued as of the announced closing time for trading in fixed income instruments on any day that the Securities Industry and Financial Markets Association announces an early closing time. If a security’s market price is not readily available or does not otherwise accurately reflect the fair value of the security, the security will be valued by another method that the Board of Trustees of the Trust (the “Board”) believes will better reflect fair value in accordance with the Trust’s valuation policies and procedures. The Board has delegated the process of valuing securities for which market quotations are not readily available or do not otherwise accurately reflect the fair value of the security to the Pricing and Investment Committee (the “Committee”). The Committee, subject to oversight by the Board, may use fair value pricing in a variety of circumstances, including but not limited to, situations when trading in a security has been suspended or halted. Accordingly, a Fund’s net asset value may reflect certain portfolio securities’ fair values rather than their market prices. Fair value pricing involves subjective judgments and it is possible that the fair value determination for a security is materially different than the value that could be received on the sale of the security.
The Funds continue to follow the authoritative guidance for fair value measurements and the fair value option for financial assets and financial liabilities. The guidance for the fair value option for financial assets and financial liabilities provides funds the irrevocable option to measure many financial assets and liabilities at fair value with changes in fair value recognized in earnings. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The guidance establishes three levels of inputs that may be used to measure fair value:
• | Level 1 — quoted prices in active markets for identical investments. |
• | Level 2 — other significant observable inputs (including, but not limited to, quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments) |
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which the Funds’ net assets are computed and that may materially affect the value of the Funds’ investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict, acts of terrorism, and significant market fluctuations.
Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Fund’s benchmark index, which, in turn, could result in a difference between the Fund’s performance and the performance of the Fund’s benchmark index. The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The type of inputs used to value each security is identified in the Schedule of Investments, which also includes a breakdown of the Fund’s investments by industry, debt securities issued by the U.S. government or U.S. government agencies, corporate debt securities, foreign government obligations, commercial mortgage obligations, debt issued by states of the U.S. and political subdivisions of states.
295
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
The following table summarizes the inputs used in valuing the Funds’ investments as of December 31, 2012:
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 977,635 | $ | 1,295,837,978 | $ | — | $ | 1,296,815,613 | ||||||||
SPDR Barclays TIPS ETF | 35,594,387 | 767,614,885 | — | 803,209,272 | ||||||||||||
SPDR Barclays Short Term Treasury ETF | 33,934 | 2,991,054 | — | 3,024,988 | ||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 4,448,822 | 169,320,638 | — | 173,769,460 | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 2,057,577 | 62,920,496 | — | 64,978,073 | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 29,162,667 | 1,704,137,561 | — | 1,733,300,228 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 16,811,263 | 342,844,860 | — | 359,656,123 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 4,359,501 | 125,751,421 | — | 130,110,922 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 406,005 | 28,935,768 | — | 29,341,773 | ||||||||||||
SPDR Barclays Convertible Securities ETF | 348,523,293 | 675,077,722 | — | 1,023,601,015 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 38,719,815 | 35,374,991 | — | 74,094,806 | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 224,162,102 | 604,763,091 | — | 828,925,193 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 15,641,428 | 1,206,096,741 | — | 1,221,738,169 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 505,467 | 100,467,430 | — | 100,972,897 | ||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 7,748 | 31,154,158 | — | 31,161,906 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 5,250,628 | 1,594,334,662 | — | 1,599,585,290 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 2,387 | 12,002,000 | — | 12,004,387 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 507,486 | 190,741,032 | — | 191,248,518 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 860,046 | 103,455,396 | — | 104,315,442 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 20,886,384 | 1,573,551,094 | — | 1,594,437,478 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 472,660 | 249,588,315 | — | 250,060,975 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | 4,706,555 | 1,936,262,945 | — | 1,940,969,500 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | 389,070 | 113,142,226 | — | 113,531,296 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 370,836 | 150,581,666 | — | 150,952,502 | ||||||||||||
SPDR Barclays High Yield Bond ETF | 89,849,182 | 12,230,831,994 | — | 12,320,681,176 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 20,631,422 | 601,852,206 | — | 622,483,628 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 1,994,283 | 14,582,791 | — | 16,577,074 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 268,442 | 15,487,689 | — | 15,756,131 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 118,439 | 15,502,688 | — | 15,621,127 |
296
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund — Other Financial Instruments* | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF (a) | $ | — | $ | 144,588 | $ | — | $ | 144,588 | ||||||||
SPDR Barclays International Corporate Bond ETF | — | (122,975 | ) | — | (122,975 | ) | ||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | 3,744 | — | 3,744 |
* | Other Financial Instruments are derivative instruments not reflected in the Schedules of Investments, such as forward foreign currency contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
There were no transfers between levels for the six months ended December 31, 2012.
Investment Income
Interest income is recorded on the accrual basis. All premiums and discounts are amortized/accreted for financial reporting purposes. Dividend income is recorded on the ex-dividend date. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities. Amortization of premium and accretion of market discount recorded for financial reporting purposes may not accord with a Fund’s elections for tax purposes.
Expenses
Advisory fees and other expenses, which are directly identifiable to a specific Fund, are applied to that Fund. Trustees’ fees and other expenses which cannot be attributed to a specific Fund are allocated in such a manner as deemed equitable, taking into consideration the nature and type of expense and the relative net assets of the Funds.
Equalization
The Funds follow the accounting practice known as “Equalization” by which a portion of the proceeds from sales and costs of reacquiring Fund shares, equivalent on a per share basis to the amount of distributable net investment income on the date of the transaction, is credited or charged to undistributed net investment income. As a result, undistributed net investment income per share is unaffected by sales or reacquisition of Fund shares. SPDR DB International Government Inflation-Protected Bond ETF, SPDR Barclays Short Term International Treasury Bond ETF, SPDR Barclays International Treasury Bond ETF, SPDR Barclays International Corporate Bond ETF and SPDR Barclays Emerging Markets Local Bond ETF did not utilize equalization during the period due to book-tax differences affecting income from foreign currency. Amounts related to Equalization can be found on the Statements of Changes in Net Assets.
Investment Transactions
Investment transactions are recorded on the trade date. Realized gains and losses from the sale or disposition of securities and foreign exchange transactions are recorded on the identified cost basis. Corporate actions (including cash dividends) are recorded net of foreign tax withholdings on the ex-dividend date.
Foreign Currency Translation and Foreign Investments
The accounting records of the Funds are maintained in U.S. dollars. Portfolio securities and other assets and liabilities denominated in a foreign currency are translated to U.S. dollars at the prevailing rates of exchange at period end. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the prevailing exchange rate on the respective dates of transactions. The effects of changes in foreign currency exchange rates on portfolio investments are included in the net realized and unrealized gains and losses on investments and foreign currency transactions on the Statements of Operations. Net gains and losses on foreign currency transactions include disposition of foreign currencies, and currency gains and losses between the accrual and receipt dates of portfolio investment income and between the trade and settlement dates of portfolio investment transactions.
297
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Investing in securities of foreign companies and foreign governments involves special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. government. These risks include revaluation of currencies and the risk of expropriation. Moreover, the markets for securities of many foreign companies and foreign governments may be less liquid and the prices of such securities may be more volatile than those of comparable U.S. companies and the U.S. government.
Some foreign markets in which the Funds invest are considered emerging markets. Investment in these emerging markets subjects a Fund to a greater risk of loss than investments in a developed market. This is due to, among other things, greater market volatility, lower trading volume, political and economic instability, higher levels of inflation, deflation or currency devaluation, greater risk of market shut down, and more governmental limitations on foreign investment policy than those typically found in a developed market.
Forward Foreign Currency Contracts
The SPDR DB International Government Inflation-Protected Bond ETF, SPDR Barclays Short Term International Treasury Bond ETF, SPDR Barclays International Treasury Bond ETF, SPDR Barclays International Corporate Bond ETF, SPDR Barclays Emerging Markets Local Bond ETF and the SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF may enter into forward foreign currency contracts to hedge their portfolio holdings against future movements in certain foreign currency exchange rates. A forward currency contract is a commitment to purchase or sell a foreign currency at a future date at a set price. The forward currency contracts are valued at the forward rate and are marked-to-market daily. The change in market value is recorded by the Fund as an unrealized gain or loss. When the contract is closed, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
The use of forward foreign currency contracts does not eliminate fluctuations in the underlying prices of the securities of the Fund, but it does establish a rate of exchange that can be achieved in the future. Although forward foreign currency contracts to sell limit the risk of loss due to a decline in the value of the currency holdings, they also limit any potential gain that might result should the value of the currency increase. In addition, the Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of the contracts.
The following tables summarize the value of the Fund’s derivative instruments as of December 31, 2012 and the related location in the accompanying Statements of Assets and Liabilities and Statements of Operations, presented by primary underlying risk exposure:
Asset Derivatives | ||||||||||||||||||||||||||||||
Interest | Foreign | |||||||||||||||||||||||||||||
Rate | Exchange | Credit | Equity | Commodity | Other | |||||||||||||||||||||||||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | |||||||||||||||||||||||||
Risk | Risk | Risk | Risk | Risk | Risk | Total | ||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF (a) | Forward Contract | $ | — | $ | 221,050 | $ | — | $ | — | $ | — | $ | — | $ | 221,050 | |||||||||||||||
SPDR Barclays International Corporate Bond ETF (a) | Forward Contract | — | 49,873 | — | — | — | — | 49,873 | ||||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF (a) | Forward Contract | — | 12,090 | — | — | — | — | 12,090 |
(a) | Unrealized appreciation on forward currency contracts. |
298
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Liability Derivatives | ||||||||||||||||||||||||||||||
Interest | Foreign | |||||||||||||||||||||||||||||
Rate | Exchange | Credit | Equity | Commodity | Other | |||||||||||||||||||||||||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | |||||||||||||||||||||||||
Risk | Risk | Risk | Risk | Risk | Risk | Total | ||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF (a) | Forward Contract | $ | — | $ | 76,462 | $ | — | $ | — | $ | — | $ | — | $ | 76,462 | |||||||||||||||
SPDR Barclays International Corporate Bond ETF (a) | Forward Contract | — | 172,848 | — | — | — | — | 172,848 | ||||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF (a) | Forward Contract | — | 8,346 | — | — | — | — | 8,346 |
(a) | Unrealized depreciation on forward currency contracts. |
Net Realized Gain (Loss) | ||||||||||||||||||||||||||||||
Interest | Foreign | |||||||||||||||||||||||||||||
Rate | Exchange | Credit | Equity | Commodity | Other | |||||||||||||||||||||||||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | |||||||||||||||||||||||||
Risk | Risk | Risk | Risk | Risk | Risk | Total | ||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF (a) | Forward Contract | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
SPDR Barclays International Corporate Bond ETF (a) | Forward Contract | — | (4,319 | ) | — | — | — | — | (4,319 | ) | ||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF (a) | Forward Contract | — | (106 | ) | — | — | — | — | (106 | ) |
(a) | Net realized gain (loss) on forward foreign currency contracts. |
Net Change In Appreciation (Depreciation) | ||||||||||||||||||||||||||||||
Interest | Foreign | |||||||||||||||||||||||||||||
Rate | Exchange | Credit | Equity | Commodity | Other | |||||||||||||||||||||||||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | |||||||||||||||||||||||||
Risk | Risk | Risk | Risk | Risk | Risk | Total | ||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF (a) | Forward Contract | $ | — | $ | 144,588 | $ | — | $ | — | $ | — | $ | — | $ | 144,588 | |||||||||||||||
SPDR Barclays International Corporate Bond ETF (a) | Forward Contract | — | (70,387 | ) | — | — | — | — | (70,387 | ) | ||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF (a) | Forward Contract | — | (98,204 | ) | — | — | — | — | (98,204 | ) |
(a) | Net change in unrealized appreciation (depreciation) on forward foreign currency contracts. |
The volume of derivatives held at period end is indicative of the volume held throughout the year.
Mortgage Dollar Rolls
The SPDR Barclays Aggregate Bond ETF and the SPDR Barclays Mortgage Backed Bond ETF may enter into mortgage dollar roll transactions with respect to mortgage-backed securities for delivery in the current month and simultaneously contract to repurchase similar, but not identical, securities on a fixed date.
299
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
The counterparty receives all principal and interest payments, including prepayments, made on the security while it is the holder. The Fund receives compensation as consideration for entering into the commitment to repurchase.
The compensation is paid in the form of a lower price for the security upon its repurchase, or alternatively, a fee. Mortgage dollar rolls may be renewed with a new sale and repurchase price and a cash settlement made at each renewal without physical delivery of the securities subject to the contract. Certain risks may arise upon entering into mortgage dollar rolls from the potential inability of counterparties to meet the terms of their commitments.
Additionally, the value of such securities may change adversely before the Fund is able to repurchase them. There can be no assurance that the Funds’ use of the cash that it receives from a mortgage dollar roll will provide a return that exceeds its costs. The Funds’ use of to-be announced (“TBA”) mortgage dollar rolls may cause the fund to experience higher transaction costs.
Inflation-Indexed Instruments
The SPDR Barclays TIPS ETF and SPDR DB International Government Inflation-Protected Bond ETF may invest almost exclusively in inflation-indexed instruments which are fixed income securities whose principal value is periodically adjusted to the rate of inflation. The interest rate on these instruments is generally fixed at issuance at a rate lower than typical bonds or notes. Over the life of an inflation-indexed instrument, however, interest will be paid based on a principal value, which is adjusted for any inflation or deflation. Any increase or decrease in the principal amount of an inflation-indexed instrument will result in an adjustment of interest income which is distributed to shareholders monthly. Investors will receive their inflation-adjusted principal at maturity. Deflation may cause dividends to be suspended.
Convertible Securities
SPDR Barclays Convertible Securities ETF will invest in convertible securities. Convertible securities are bonds, debentures, notes, preferred stocks or other securities that may be converted or exchanged (by the holder or by the issuer) into shares of the underlying common stock (or cash or securities of equivalent value) at a stated exchange ratio. A convertible security may also be called for redemption or conversion by the issuer after a particular date and under certain circumstances (including a specified price) established upon issue. If a convertible security held by a Fund is called for redemption or conversion, the Fund could be required to tender it for redemption, convert it into the underlying common stock, or sell it to a third party. Convertible securities generally have less potential for gain or loss than common stocks. Convertible securities generally provide yields higher than the underlying common stocks, but generally lower than comparable non-convertible securities. Because of this higher yield, convertible securities generally sell at a price above their “conversion value,” which is the current market value of the stock to be received upon conversion. The difference between this conversion value and the price of convertible securities will vary over time depending on changes in the value of the underlying common stocks and interest rates. Because convertible securities may also be interest-rate sensitive, their value may increase as interest rates fall and decrease as interest rates rise. Convertible securities are also subject to credit risk, and are often lower-quality securities.
Federal Income Tax
The Funds have qualified and intend to continue to qualify for and elect treatment as “regulated investment companies” under Subchapter M of the Internal Revenue Code of 1986, as amended. By so qualifying and electing, each Fund will not be subject to federal income taxes to the extent it distributes its taxable income, including any net realized capital gains, for each fiscal year. In addition, by distributing during each calendar year substantially all of their net investment income and capital gains, if any, the Funds will not be subject to federal excise tax. Income and capital gain distributions are determined in accordance with income tax regulations which may differ from U.S. generally accepted accounting principles. These book-tax differences are primarily due to differing treatments for tax equalization, in-kind transactions, foreign currencies, amortization and accretion of premium and discount, for financial statement purposes, and losses deferred due to wash sales.
Additionally, based on the Funds’ understanding of the tax rules and rates related to income, gains and transactions for the foreign jurisdictions in which the applicable Funds invest, the Funds will provide for foreign taxes and, where appropriate, deferred foreign taxes.
300
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
The Funds have reviewed the tax positions for the open tax years as of June 30, 2012 and have determined that no provision for income tax is required in the Funds’ Financial Statements. The Funds’ federal tax returns for the prior three fiscal years remain subject to examination by the Funds’ major tax jurisdictions, which include the United States of America and the Commonwealth of Massachusetts. The Funds recognized interest and penalties, if any, related to tax liabilities as income tax expense in the Statements of Operations.
On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted. The Act modernizes several of the federal income and excise tax provisions related to RICs, and, with certain exceptions, is effective for taxable years beginning after December 22, 2010. Among the changes made are changes to the capital loss carryforward rules allowing for capital losses to be carried forward indefinitely. Rules in effect previously limit the carryforward period to eight years. Capital loss carryforwards generated in taxable years beginning after effective date of the Act must be fully used before capital loss carryforwards generated in taxable years prior to effective date of the Act; therefore, under certain circumstances, capital loss carryforwards available as of the report date, if any, may expire unused.
For the six months ended December 31, 2012, the following Funds reclassified non-taxable security gains and losses realized on the in-kind redemption of Creation Units (Note 4) as an increase or decrease to paid in capital in the Statements of Assets and Liabilities as follows:
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 12,056 | ||
SPDR Barclays TIPS ETF | 4,397,279 | |||
SPDR Barclays Short Term Treasury ETF | 15,277 | |||
SPDR Barclays Intermediate Term Treasury ETF | 1,279,128 | |||
SPDR Barclays Long Term Treasury ETF | 2,432,566 | |||
SPDR Barclays Short Term Corporate Bond ETF | — | |||
SPDR Barclays Intermediate Term Corporate Bond ETF | — | |||
SPDR Barclays Long Term Corporate Bond ETF | 1,636,937 | |||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | |||
SPDR Barclays Convertible Securities ETF | 5,332,397 | |||
SPDR Barclays Mortgage Backed Bond ETF | — | |||
SPDR Barclays Aggregate Bond ETF | — | |||
SPDR Nuveen Barclays Municipal Bond ETF | 1,031,420 | |||
SPDR Nuveen Barclays California Municipal Bond ETF | — | |||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | |||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | — | |||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | |||
SPDR Nuveen S&P High Yield Municipal Bond ETF | — | |||
SPDR Nuveen Barclays Build America Bond ETF | 1,743,779 | |||
SPDR DB International Government Inflation-Protected Bond ETF | — | |||
SPDR Barclays Short Term International Treasury Bond ETF | — | |||
SPDR Barclays International Treasury Bond ETF | — | |||
SPDR Barclays International Corporate Bond ETF | — | |||
SPDR Barclays Emerging Markets Local Bond ETF | 1,589,633 | |||
SPDR Barclays High Yield Bond ETF | 113,695,813 | |||
SPDR Barclays Short Term High Yield Bond ETF | — | |||
SPDR Barclays Investment Grade Floating Rate ETF | — |
301
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | $ | — | ||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — |
At December 31, 2012, the Funds had capital loss carryforwards which may be utilized to offset any net realized capital gains expiring June 30:
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Short Term | Long Term | ||||||||||||||||||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
SPDR Barclays TIPS ETF | — | — | — | — | 18,724 | 209,542 | — | 1,605,503 | — | |||||||||||||||||||||||||||
SPDR Barclays Short Term Treasury ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Long Term Treasury ETF | — | — | — | — | — | 17,485 | 94,558 | 264,613 | — | |||||||||||||||||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Convertible Securities ETF | — | — | — | — | — | — | — | 6,749,089 | 1,567,945 | |||||||||||||||||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Aggregate Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | — | — | — | — | — | — | 2,012 | — | — | |||||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | — | — | 3,663,114 | 3,346,541 | 1,485,544 | 1,665,670 | 21,558,920 | |||||||||||||||||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | — | — | — | — | — | — | 64,080 | — | 262,868 | |||||||||||||||||||||||||||
SPDR Barclays International Treasury Bond ETF | — | — | — | — | — | 532,370 | 5,552,225 | 2,529,167 | — | |||||||||||||||||||||||||||
SPDR Barclays International Corporate Bond ETF | — | — | — | — | — | — | — | 88,262 | — | |||||||||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | — | — | — | — | — | — | — | 13,922 | |||||||||||||||||||||||||||
SPDR Barclays High Yield Bond ETF | — | — | — | — | — | — | — | 6,363,857 | — | |||||||||||||||||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — | — | — | — | — | — | — | — | — |
During the tax year ended June 30, 2012, the Funds utilized/expired capital loss carryforwards in the following amounts:
Amount Utilized | Amount Expired | |||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | — | $ | — | ||||
SPDR Barclays TIPS ETF | — | — | ||||||
SPDR Barclays Short Term Treasury ETF | — | — |
302
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Amount Utilized | Amount Expired | |||||||
SPDR Barclays Intermediate Term Treasury ETF | $ | — | $ | — | ||||
SPDR Barclays Long Term Treasury ETF | — | — | ||||||
SPDR Barclays Short Term Corporate Bond ETF | — | — | ||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | — | — | ||||||
SPDR Barclays Long Term Corporate Bond ETF | — | — | ||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | ||||||
SPDR Barclays Convertible Securities ETF | — | — | ||||||
SPDR Barclays Mortgage Backed Bond ETF | — | — | ||||||
SPDR Barclays Aggregate Bond ETF | — | — | ||||||
SPDR Nuveen Barclays Municipal Bond ETF | — | — | ||||||
SPDR Nuveen Barclays California Municipal Bond ETF | — | — | ||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | — | ||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | — | — | ||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | — | ||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | — | — | ||||||
SPDR Nuveen Barclays Build America Bond ETF | 59,221 | — | ||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | ||||||
SPDR Barclays Short Term International Treasury Bond ETF | — | — | ||||||
SPDR Barclays International Treasury Bond ETF | — | — | ||||||
SPDR Barclays International Corporate Bond ETF | — | — | ||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | — | ||||||
SPDR Barclays High Yield Bond ETF | — | — | ||||||
SPDR Barclays Short Term High Yield Bond ETF | — | — | ||||||
SPDR Barclays Investment Grade Floating Rate ETF | — | — | ||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | — | ||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — | — |
Under current tax laws, capital and foreign currency losses realized after October 31, may be deferred and treated as occurring on the first day of the following fiscal year. The Funds incurred the following losses during the period November 1, 2011 through June 30, 2012 that are deferred for tax purposes until fiscal 2013:
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | — | $ | (372,162 | ) | |||
SPDR Barclays TIPS ETF | — | — | ||||||
SPDR Barclays Short Term Treasury ETF | — | — | ||||||
SPDR Barclays Intermediate Term Treasury ETF | — | — | ||||||
SPDR Barclays Long Term Treasury ETF | — | — | ||||||
SPDR Barclays Short Term Corporate Bond ETF | — | — | ||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | — | — | ||||||
SPDR Barclays Long Term Corporate Bond ETF | — | — | ||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | ||||||
SPDR Barclays Convertible Securities ETF | — | — | ||||||
SPDR Barclays Mortgage Backed Bond ETF | — | — | ||||||
SPDR Barclays Aggregate Bond ETF | — | — | ||||||
SPDR Nuveen Barclays Municipal Bond ETF | — | — |
303
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
SPDR Nuveen Barclays California Municipal Bond ETF | $ | — | $ | — | ||||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | — | ||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | — | — | ||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | — | ||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | — | — | ||||||
SPDR Nuveen Barclays Build America Bond ETF | — | — | ||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | ||||||
SPDR Barclays Short Term International Treasury Bond ETF | — | (3,966,409 | ) | |||||
SPDR Barclays International Treasury Bond ETF | — | — | ||||||
SPDR Barclays International Corporate Bond ETF | — | — | ||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | — | ||||||
SPDR Barclays High Yield Bond ETF | — | — | ||||||
SPDR Barclays Short Term High Yield Bond ETF | — | — | ||||||
SPDR Barclays Investment Grade Floating Rate ETF | — | — | ||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | — | ||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — | — |
Distributions
Each Fund declares and distributes dividends from net investment income, if any, to its shareholders monthly. Each Fund declares and distributes net realized capital gains, if any, at least annually. Distributions are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles.
3. | Fees and Compensation Paid to Affiliates and Other Related Party Transactions |
Advisory Fee
Each Fund has entered into an Investment Advisory Agreement with SSgA Funds Management, Inc. (the “Adviser” or “SSgA FM”). As compensation for the services rendered, facilities furnished, and expenses borne by the Adviser, each Fund pays the Adviser a fee accrued daily and paid monthly, based on a percentage of each Fund’s average daily net assets as shown in the following table:
Annual Rate | ||||
SPDR Barclays 1-3 Month T-Bill ETF | 0.1345 | % | ||
SPDR Barclays TIPS ETF | 0.1845 | |||
SPDR Barclays Short Term Treasury ETF | 0.1200 | |||
SPDR Barclays Intermediate Term Treasury ETF | 0.1345 | |||
SPDR Barclays Long Term Treasury ETF | 0.1345 | |||
SPDR Barclays Short Term Corporate Bond ETF | 0.1245 | |||
SPDR Barclays Intermediate Term Corporate Bond ETF | 0.1500 | |||
SPDR Barclays Long Term Corporate Bond ETF | 0.1500 | |||
SPDR Barclays Issuer Scored Corporate Bond ETF | 0.1600 | |||
SPDR Barclays Convertible Securities ETF | 0.4000 | |||
SPDR Barclays Mortgage Backed Bond ETF | 0.2000 | |||
SPDR Barclays Aggregate Bond ETF | 0.1845 | * | ||
SPDR Nuveen Barclays Municipal Bond ETF | 0.3000 | * |
304
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Annual Rate | ||||
SPDR Nuveen Barclays California Municipal Bond ETF | 0.2000 | % | ||
SPDR Nuveen Barclays New York Municipal Bond ETF | 0.2000 | |||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 0.2000 | |||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 0.2000 | |||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 0.5000 | * | ||
SPDR Nuveen Barclays Build America Bond ETF | 0.3500 | |||
SPDR DB International Government Inflation-Protected Bond ETF | 0.5000 | |||
SPDR Barclays Short Term International Treasury Bond ETF | 0.3500 | |||
SPDR Barclays International Treasury Bond ETF | 0.5000 | |||
SPDR Barclays International Corporate Bond ETF | 0.5500 | |||
SPDR Barclays Emerging Markets Local Bond ETF | 0.5000 | |||
SPDR Barclays High Yield Bond ETF | 0.4000 | |||
SPDR Barclays Short Term High Yield Bond ETF | 0.4000 | |||
SPDR Barclays Investment Grade Floating Rate ETF | 0.1500 | |||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 0.5000 | |||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 0.4000 | ** |
* | The Adviser has contractually agreed to limit its management fee to the extent necessary to limit annual operating expenses to 0.1345%, 0.23% and 0.45% until October 31, 2013 for the SPDR Barclays Aggregate Bond ETF, SPDR Nuveen Barclays Municipal Bond ETF and SPDR Nuveen S&P High Yield Municipal Bond ETF, respectively. | |
** | The Adviser has contractually agreed to limit its management fee to the extent necessary to limit annual operating expenses to 0.30% until October 31, 2015 for the SPDR BofA Merrill Lynch Crossover Corporate Bond ETF. |
The Adviser pays all operating expenses of each Fund other than management fee, distribution fee pursuant to each Fund’s Distribution and Service Plan, if any, brokerage, taxes, interest, fees and expenses of the Independent Trustees (including any Trustees’ counsel fees), litigation expenses, acquired fund fees and expenses and other extraordinary expenses.
State Street Bank and Trust Company (“State Street”), an affiliate of the Adviser, receives fees for its services as Custodian, Administrator and Transfer Agent from the Adviser.
State Street also acts as the securities lending agent for the Funds and receives a portion of any lending income. In addition, cash collateral from lending activities is invested in the State Street Navigator Securities Lending Prime Portfolio (“Prime Portfolio”) for which SSgA FM serves as the investment adviser. Prime Portfolio is a series of State Street Navigator Securities Lending Trust, a registered investment company under the 1940 Act, and operates as a money market fund in compliance with Rule 2a-7 under the 1940 Act. See Note 8 for additional information regarding securities lending.
For the six months ended December 31, 2012, State Street earned securities lending agent fees from the following Funds:
Securities Lending | ||||
Agent Fees | ||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 23,704 | ||
SPDR Barclays TIPS ETF | 2,207 | |||
SPDR Barclays Short Term Treasury ETF | 4 | |||
SPDR Barclays Intermediate Term Treasury ETF | 686 | |||
SPDR Barclays Long Term Treasury ETF | 159 | |||
SPDR Barclays Short Term Corporate Bond ETF | — | |||
SPDR Barclays Intermediate Term Corporate Bond ETF | 2,763 | |||
SPDR Barclays Long Term Corporate Bond ETF | 618 |
305
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Securities Lending | ||||
Agent Fees | ||||
SPDR Barclays Issuer Scored Corporate Bond ETF | $ | — | ||
SPDR Barclays Convertible Securities ETF | 36,176 | |||
SPDR Barclays Mortgage Backed Bond ETF | — | |||
SPDR Barclays Aggregate Bond ETF | 3,648 | |||
SPDR Nuveen Barclays Municipal Bond ETF | — | |||
SPDR Nuveen Barclays California Municipal Bond ETF | — | |||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | |||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | — | |||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | |||
SPDR Nuveen S&P High Yield Municipal Bond ETF | — | |||
SPDR Nuveen Barclays Build America Bond ETF | — | |||
SPDR DB International Government Inflation-Protected Bond ETF | — | |||
SPDR Barclays Short Term International Treasury Bond ETF | 257 | |||
SPDR Barclays International Treasury Bond ETF | 1,797 | |||
SPDR Barclays International Corporate Bond ETF | 65 | |||
SPDR Barclays Emerging Markets Local Bond ETF | 1,290 | |||
SPDR Barclays High Yield Bond ETF | — | |||
SPDR Barclays Short Term High Yield Bond ETF | — | |||
SPDR Barclays Investment Grade Floating Rate ETF | 119 | |||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | |||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — |
Distributor
State Street Global Markets, LLC (the “Distributor”), an affiliate of the Adviser, serves as the distributor of the shares of each Fund. Pursuant to a Distribution and Service Plan adopted in accordance with Rule 12b-1 under the 1940 Act, each Fund is authorized to pay an amount of up to 0.25% of its average daily net assets for certain distribution-related activities. However, the Board of Trustees has determined that no such payments will be made through at least October 31, 2013 and therefore no such payments have been made.
The Distributor has established an assisted trading program to aid Authorized Participants in certain creation and redemption activity for which the Distributor receives commissions from Authorized Participants. In addition, the Distributor receives compensation from State Street associated with on-line creation and redemption activity of Authorized Participants.
Trustees’ Fees
The Trust, SSgA Master Trust, SSgA Active ETF Trust and SPDR Index Shares Funds pay, in the aggregate, each Independent Trustee an annual fee of $150,000 plus $10,000 per in-person meeting attended and $1,250 for each telephonic or video conference meeting attended. The Chairman of the Board receives an additional annual fee of $50,000 and the Chairman of the Audit Committee receives an additional annual fee of $20,000. The Trust also reimburses each Independent Trustee for travel and other out-of-pocket expenses incurred by him/her in connection with attending such meetings and in connection with attending industry seminars and meetings. Trustee fees are allocated among the Trusts and each of their respective series in such a manner as deemed equitable, taking into consideration the relative net assets of the series.
306
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Transactions with Affiliates
Each Fund may invest in certain money market funds managed by the Adviser, including the State Street Institutional Liquid Reserves Fund-Institutional Class (“Liquid Reserves Fund”) and State Street Institutional Tax Free Money Market Fund-Institutional Class (“Tax Free Money Market Fund”), both a series of State Street Institutional Investment Trust. The Liquid Reserves Fund and Tax Free Money Market Fund are both feeder funds in a master/feeder fund structure that invest substantially all of their assets in the State Street Money Market Portfolio and State Street Tax Free Money Market Portfolio (“Master Portfolios”), respectively, each a series of State Street Master Funds. The Liquid Reserves Fund and Tax Free Money Market Fund do not pay an investment advisory fee to the Adviser, but the respective Master Portfolio in which they invest pays an investment advisory fee to the Adviser. The Liquid Reserves Fund and Tax Free Money Market Fund intend to declare dividends on shares from net investment income daily and pay them as of the last business day of each month. All income distributions earned by the Funds from affiliated money market funds are recorded as interest income on securities of affiliated issuers in the accompanying Statements of Operations. In addition, cash collateral from lending activities is invested in Prime Portfolio, for which SSgA FM serves as the investment adviser.
Amounts related to investments in Liquid Reserves Fund, Tax Free Money Market Fund and/or Prime Portfolio at December 31, 2012 and for the period then ended are:
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Liquid Reserves Fund | 6/30/12 | Cost | Shares | Proceeds | Shares | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 343,929 | $ | 2,729,973 | 2,729,973 | $ | 2,096,267 | 2,096,267 | $ | 977,635 | $ | 712 | $ | — | ||||||||||||||||||
SPDR Barclays TIPS ETF | 229,449 | 14,201,151 | 14,201,151 | 13,874,994 | 13,874,994 | 555,606 | 1,063 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term Treasury ETF | 17,494 | 530,900 | 530,900 | 524,685 | 524,685 | 23,709 | 21 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 309,305 | 18,110,672 | 18,110,672 | 17,212,858 | 17,212,858 | 1,207,119 | 673 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Treasury ETF | 30,510 | 3,996,640 | 3,996,640 | 3,905,328 | 3,905,328 | 121,822 | 177 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 37,784,863 | 233,273,929 | 233,273,929 | 241,896,125 | 241,896,125 | 29,162,667 | 11,465 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 4,036,053 | 49,472,603 | 49,472,603 | 50,087,251 | 50,087,251 | 3,421,405 | 1,942 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 570,221 | 15,448,479 | 15,448,479 | 15,196,759 | 15,196,759 | 821,941 | 976 | — | ||||||||||||||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 323,331 | 3,636,764 | 3,636,764 | 3,554,090 | 3,554,090 | 406,005 | 532 | — | ||||||||||||||||||||||||
SPDR Barclays Convertible Securities ETF | 1,950,503 | 58,436,772 | 58,436,772 | 44,268,109 | 44,268,109 | 16,119,166 | 4,674 | — | ||||||||||||||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 38,609,848 | 3,277,487 | 3,277,487 | 3,167,520 | 3,167,520 | 38,719,815 | 39,797 | — | ||||||||||||||||||||||||
SPDR Barclays Aggregate Bond ETF | 182,094,141 | 132,411,830 | 132,411,830 | 114,052,954 | 114,052,954 | 200,453,017 | 182,014 | — | ||||||||||||||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | — | 12,465,947 | 12,465,947 | 11,605,901 | 11,605,901 | 860,046 | 513 | — | ||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 1,444,178 | 170,704,233 | 170,704,233 | 151,262,027 | 151,262,027 | 20,886,384 | 3,730 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 48,022 | 11,718,376 | 11,718,376 | 11,293,738 | 11,293,738 | 472,660 | 382 | — | ||||||||||||||||||||||||
SPDR Barclays International Treasury Bond ETF | 328,388 | 85,138,811 | 85,138,811 | 80,760,644 | 80,760,644 | 4,706,555 | 2,116 | — | ||||||||||||||||||||||||
SPDR Barclays International Corporate Bond ETF | 1,033 | 1,205,242 | 1,205,242 | 1,128,135 | 1,128,135 | 78,140 | 53 | — | ||||||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 3,749,153 | 42,596,074 | 42,596,074 | 45,974,391 | 45,974,391 | 370,836 | 3,766 | — | ||||||||||||||||||||||||
SPDR Barclays High Yield Bond ETF | 113,698,781 | 1,688,308,718 | 1,688,308,718 | 1,712,158,317 | 1,712,158,317 | 89,849,182 | 113,444 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 592,611 | 131,459,710 | 131,459,710 | 111,420,899 | 111,420,899 | 20,631,422 | 6,482 | — |
307
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Liquid Reserves Fund | 6/30/12 | Cost | Shares | Proceeds | Shares | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | $ | 61,364 | $ | 2,139,833 | 2,139,833 | $ | 1,557,952 | 1,557,952 | $ | 643,245 | $ | 207 | $ | — | ||||||||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 233,694 | 1,012,877 | 1,012,877 | 978,129 | 978,129 | 268,442 | 168 | — | ||||||||||||||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 42,182 | 3,892,746 | 3,892,746 | 3,816,489 | 3,816,489 | 118,439 | 143 | — |
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Tax Free Money Market Fund | 6/30/12 | Cost | Shares | Proceeds | Shares | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | $ | 5,402,072 | $ | 73,382,707 | 73,382,707 | $ | 63,143,351 | 63,143,351 | $ | 15,641,428 | $ | — | $ | — | ||||||||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 2,176,895 | 14,583,740 | 14,583,740 | 16,255,168 | 16,255,168 | 505,467 | — | — | ||||||||||||||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 108,090 | 2,628,133 | 2,628,133 | 2,728,475 | 2,728,475 | 7,748 | — | — | ||||||||||||||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 2,902,320 | 107,673,455 | 107,673,455 | 105,325,147 | 105,325,147 | 5,250,628 | — | — | ||||||||||||||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 598,164 | 7,093,869 | 7,093,869 | 7,689,646 | 7,689,646 | 2,387 | — | — | ||||||||||||||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 2,457,747 | 53,842,951 | 53,842,951 | 55,793,212 | 55,793,212 | 507,486 | — | — |
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Prime Portfolio | 6/30/12 | Cost | Shares | Proceeds | Shares | 12/31/12 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | — | $ | 2,594,954,460 | 2,594,954,460 | $ | 2,594,954,460 | 2,594,954,460 | $ | — | $ | 134,333 | $ | — | ||||||||||||||||||
SPDR Barclays TIPS ETF | 31,170,780 | 333,994,387 | 333,994,387 | 330,126,386 | 330,126,386 | 35,038,781 | 12,507 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term Treasury ETF | 31,581 | 801,217 | 801,217 | 822,573 | 822,573 | 10,225 | 21 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 14,463,796 | 45,679,659 | 45,679,659 | 56,901,752 | 56,901,752 | 3,241,703 | 3,875 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Treasury ETF | 1,764,865 | 20,551,510 | 20,551,510 | 20,380,620 | 20,380,620 | 1,935,755 | 901 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 13,566,242 | 26,987,900 | 26,987,900 | 27,164,284 | 27,164,284 | 13,389,858 | 15,624 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 2,107,870 | 10,845,315 | 10,845,315 | 9,415,625 | 9,415,625 | 3,537,560 | 3,489 | — | ||||||||||||||||||||||||
SPDR Barclays Convertible Securities ETF | 78,566,992 | 287,911,088 | 287,911,088 | 267,037,035 | 267,037,035 | 99,441,045 | 204,976 | — | ||||||||||||||||||||||||
SPDR Barclays Aggregate Bond ETF | 30,686,955 | 90,700,063 | 90,700,063 | 97,677,933 | 97,677,933 | 23,709,085 | 20,656 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 460,144 | 5,002,333 | 5,002,333 | 5,462,477 | 5,462,477 | — | 1,456 | — | ||||||||||||||||||||||||
SPDR Barclays International Treasury Bond ETF | 5,711,554 | 14,086,615 | 14,086,615 | 19,798,169 | 19,798,169 | — | 10,182 | — | ||||||||||||||||||||||||
SPDR Barclays International Corporate Bond ETF | — | 3,005,890 | 3,005,890 | 2,694,960 | 2,694,960 | 310,930 | 365 | — | ||||||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 4,442,300 | 13,059,855 | 13,059,855 | 17,502,155 | 17,502,155 | — | 7,308 | — | ||||||||||||||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 395,678 | 5,241,413 | 5,241,413 | 4,286,053 | 4,286,053 | 1,351,038 | 676 | — |
4. | Shareholder Transactions |
Shares are issued and redeemed by a Fund only in Creation Unit size aggregations of 100,000 shares. Such transactions are generally permitted on an in-kind basis, with a separate cash payment, which is a balancing cash component to equate the transaction to the net asset value per unit of the Fund on the transaction date and in the case of SPDR Barclays Aggregate Bond ETF and SPDR Barclays Mortgage Backed Bond ETF, cash in lieu of TBA positions. Transaction fees ranging from of $250 to $1,500 per Creation Unit for each Fund, regardless of the number of Creation
308
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
Units that are created or redeemed on the same day, are charged to those persons creating or redeeming Creation Units. An additional variable fee may be charged for certain transactions. Transaction fees are received by the Trust and/or Custodian and are used to defray related expenses. The Custodian also receives amounts earned on cash collateral provided by Authorized Participants pending delivery of missing deposit securities. The amounts are included in Other Capital on the Statements of Operations.
5. | Aggregate Unrealized Appreciation and Depreciation |
The identified cost of investments in securities owned by each Fund for federal income tax purposes and the gross unrealized appreciation and depreciation at December 31, 2012 was as follows:
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 1,296,809,193 | $ | 23,153 | $ | 16,733 | $ | 6,420 | ||||||||
SPDR Barclays TIPS ETF | 731,679,443 | 71,624,088 | 94,259 | 71,529,829 | ||||||||||||
SPDR Barclays Short Term Treasury ETF | 3,010,346 | 15,061 | 419 | 14,642 | ||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 166,750,482 | 7,063,072 | 44,094 | 7,018,978 | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 66,179,040 | — | 1,200,967 | (1,200,967 | ) | |||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 1,721,901,639 | 12,328,078 | 929,489 | 11,398,589 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 342,690,628 | 17,277,069 | 311,574 | 16,965,495 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 122,760,507 | 8,095,408 | 744,993 | 7,350,415 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 27,983,806 | 1,428,510 | 70,543 | 1,357,967 | ||||||||||||
SPDR Barclays Convertible Securities ETF | 987,449,394 | 84,221,588 | 48,069,967 | 36,151,621 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 74,034,548 | 93,224 | 32,966 | 60,258 | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 807,458,917 | 21,981,451 | 515,175 | 21,466,276 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 1,148,862,679 | 74,528,363 | 1,652,873 | 72,875,490 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 94,464,024 | 6,801,938 | 293,065 | 6,508,873 | ||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 29,158,153 | 2,034,463 | 30,710 | 2,003,753 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 1,577,916,786 | 23,356,189 | 1,687,685 | 21,668,504 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 12,004,387 | — | — | — | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 180,329,452 | 12,329,053 | 1,409,987 | 10,919,066 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 96,465,339 | 7,915,541 | 65,438 | 7,850,103 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 1,450,921,497 | 148,744,726 | 5,228,745 | 143,515,981 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 248,636,410 | 5,815,631 | 4,391,066 | 1,424,565 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | 1,829,527,558 | 137,744,332 | 26,302,390 | 111,441,942 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | 108,789,607 | 4,966,654 | 224,965 | 4,741,689 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 146,084,846 | 6,586,555 | 1,718,899 | 4,867,656 | ||||||||||||
SPDR Barclays High Yield Bond ETF | 11,905,629,286 | 468,287,623 | 53,235,733 | 415,051,890 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 616,574,103 | 8,601,701 | 2,692,176 | 5,909,525 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 16,477,030 | 104,385 | 4,341 | 100,044 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 14,941,443 | 837,531 | 22,843 | 814,688 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 15,085,604 | 553,745 | 18,222 | 535,523 |
309
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
6. | Investment Transactions |
For the six months ended December 31, 2012, the following Funds had in-kind contributions, in-kind redemptions and in-kind net realized gain/loss as follows:
Realized | ||||||||||||
Contributions | Redemptions | Gain/(Loss) | ||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 701,693,201 | $ | 944,916,662 | $ | 12,056 | ||||||
SPDR Barclays TIPS ETF | 54,281,252 | 29,943,535 | 4,397,279 | |||||||||
SPDR Barclays Short Term Treasury ETF | — | 2,986,768 | 15,277 | |||||||||
SPDR Barclays Intermediate Term Treasury ETF | — | 24,218,067 | 1,279,128 | |||||||||
SPDR Barclays Long Term Treasury ETF | 63,865,202 | 63,164,683 | 2,432,566 | |||||||||
SPDR Barclays Short Term Corporate Bond ETF | 443,719,265 | — | — | |||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 25,190,766 | — | — | |||||||||
SPDR Barclays Long Term Corporate Bond ETF | 1,867,753 | 16,147,797 | 1,636,937 | |||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | — | |||||||||
SPDR Barclays Convertible Securities ETF | 124,363,543 | 55,281,918 | 5,332,397 | |||||||||
SPDR Barclays Mortgage Backed Bond ETF | — | — | — | |||||||||
SPDR Barclays Aggregate Bond ETF | 18,198,670 | — | — | |||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 119,537,844 | 12,073,047 | 1,031,420 | |||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 4,547,300 | — | — | |||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 1,759,100 | — | — | |||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 46,746,715 | — | — | |||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | — | — | |||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 21,913,655 | — | — | |||||||||
SPDR Nuveen Barclays Build America Bond ETF | — | 12,158,886 | 1,743,779 | |||||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | — | |||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 18,392,120 | — | — | |||||||||
SPDR Barclays International Treasury Bond ETF | 48,876,414 | — | — | |||||||||
SPDR Barclays International Corporate Bond ETF | 6,648,174 | — | — | |||||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | 43,197,556 | 1,589,633 | |||||||||
SPDR Barclays High Yield Bond ETF | 2,496,147,984 | 2,090,063,641 | 113,695,813 | |||||||||
SPDR Barclays Short Term High Yield Bond ETF | 259,309,716 | — | — | |||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 3,609,643 | — | — | |||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | — | — | |||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — | — | — |
The in-kind contributions and in-kind redemptions in this table may not accord with the beneficial interest transactions on the Statements of Changes in Net Assets. The table represents the accumulation of a Fund’s daily net shareholder transactions while the Statements of Changes in Net Assets reflects gross shareholder transactions including any cash component of the transaction.
For the six months ended December 31, 2012, the Funds had purchases and sales of investment securities (excluding short-term securities) as follows:
U.S. Government Obligations | Other Securities | |||||||||||||||
Purchases | Sales | Purchases | Sales | |||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF* | $ | 4,021,662,473 | $ | 3,904,569,185 | $ | — | $ | — | ||||||||
SPDR Barclays TIPS ETF | 78,881,770 | 80,304,230 | — | — | ||||||||||||
SPDR Barclays Short Term Treasury ETF* | 712,316 | 697,279 | — | — |
310
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
U.S. Government Obligations | Other Securities | |||||||||||||||
Purchases | Sales | Purchases | Sales | |||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | $ | 27,055,482 | $ | 27,628,975 | $ | — | $ | — | ||||||||
SPDR Barclays Long Term Treasury ETF | 6,070,225 | 5,963,314 | — | — | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF* | — | — | 446,351,493 | 264,776,358 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | — | — | 57,780,207 | 19,926,052 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | — | — | 59,565,246 | 8,395,627 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | 7,925,215 | 1,205,876 | ||||||||||||
SPDR Barclays Convertible Securities ETF | — | — | 84,549,053 | 85,750,068 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 245,633,467 | 249,098,424 | — | — | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 1,123,276,694 | 1,133,197,816 | 12,953,547 | 12,423,269 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | — | — | 129,440,141 | 167,195,924 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | — | — | 27,503,372 | 17,734,817 | ||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | — | 2,846,689 | 1,969,670 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF* | — | — | 289,512,340 | 237,865,674 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF* | — | — | 7,395,000 | 9,800,000 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | — | — | 74,068,127 | 5,180,310 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | — | — | 20,904,381 | 8,861,147 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | 447,285,709 | 242,366,182 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF* | — | — | 96,433,871 | 88,782,738 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | — | — | 270,507,242 | 273,764,667 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | — | — | 39,200,755 | 9,047,892 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | — | 80,515,595 | 86,510,979 | ||||||||||||
SPDR Barclays High Yield Bond ETF* | — | — | 3,231,176,751 | 2,322,076,260 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | — | — | 285,943,813 | 74,925,644 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | — | — | 2,488,409 | 126,000 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | — | 2,175,396 | 2,104,997 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — | — | 5,971,338 | 797,886 |
* Fund includes investments in short-term securities.
For the six months ended December 31, 2012, the Trust did not pay any commissions to an affiliate of the Adviser for investment transactions.
7. | Concentration of Risk |
The Funds’ assets may be concentrated in a particular state or geographic area, or in a particular industry, group of industries or sector. Because each Fund will generally concentrate its investments to approximately the same extent that its index is so concentrated, a Fund may be adversely affected by the performance of bonds of a particular state or geographic area, or in a particular industry, group of industries or sector, and its shares may be subject to increased price volatility. In addition, if a Fund concentrates in a single industry, group of industries or type of instrument, it may be more susceptible to any single economic, market, political or regulatory occurrence affecting that industry, group of industries or type of instrument.
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NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2012 (Unaudited)
8. | Securities Lending |
Each Fund may lend securities up to 331/3% of its total assets to qualified broker-dealers or institutional investors. The loans are secured at all times by cash, cash equivalents or U.S. government securities in an amount at least equal to the market value of the securities loaned, plus accrued interest and dividends, determined on a daily basis and adjusted accordingly. The value of the collateral held with respect to a loaned security may be temporarily more or less than the value of a security due to market fluctuations of securities values. With respect to each loan, if on any business day the aggregate market value of securities collateral plus cash collateral held is less than the aggregate market value of the securities which are subject to the loan, the borrower will be notified to provide additional collateral on the next business day. The Funds will regain record ownership of loaned securities to exercise certain beneficial rights; however, the Funds may bear the risk of delay in recovery of, or even loss of rights in the securities loaned should the borrower fail financially. In addition, a Fund will bear the risk of loss of any cash collateral that it may invest. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash, cash equivalents or U.S. government securities held as collateral, net of fee rebates paid to the borrower and net of fees paid to State Street as lending agent. Additionally, a Fund will receive a fee from the borrower for non-cash collateral equal to a percentage of the market value of the loaned securities. Proceeds collected by State Street on investment of cash collateral or any fee income is partially allocated to State Street as compensation for its lending services.
The market value of securities on loan as of December 31, 2012 and the value of the invested cash collateral are disclosed in the Funds’ Statements of Assets and Liabilities. Securities lending income, as disclosed in the Funds’ Statements of Operations, represents the income earned from the investment of cash collateral, net of fee rebates paid to the borrower and net of fees paid to State Street as lending agent.
9. Recent Accounting Pronouncements
In December 2011, FASB issued ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities.” These common disclosure requirements are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a portfolio’s financial position. They also improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In addition, ASU 2011-11 facilitates comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of International Financial Reporting Standards. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the financial position; and disclose instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the implications of ASU 2011-11 and its impact on financial statement disclosures.
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OTHER INFORMATION
OTHER INFORMATION
December 31, 2012 (Unaudited)
Shareholder Expense Example
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, which may include creation and redemption fees or brokerage charges and (2) ongoing costs, including management fees, trustee fees, and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds. It is based on an investment of $1,000 invested on July 1, 2012 and held for the six months ended December 31, 2012.
Actual Expenses
The first table below provides information about actual account values and actual expenses. You may use the information in this table, together with the amount you invested, to estimate the expenses that you incurred over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first table under the heading entitled “Expenses Paid During Period” to estimate the expenses attributable to your investment during this period.
Hypothetical Example for Comparison Purposes
The second table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not a Fund’s actual return. Thus, you should not use the hypothetical account values and expenses to estimate the actual ending account balance or your expenses for the period. Rather, these figures are provided to enable you to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. The Funds charge transaction fees at scheduled amounts ranging from $250 to $1,500 per Creation Unit to those persons creating or redeeming Creation Units. If you buy or sell the Funds’ shares in the secondary market, you will incur customary brokerage commissions and charges.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs, such as creation and redemption fees, or brokerage charges. Therefore, the second table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transaction costs were included, your costs would have been higher.
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Actual | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | 0.14 | % | $ | 1,000 | $ | 999.90 | $ | 0.71 | ||||||||
SPDR Barclays TIPS ETF | 0.19 | 1,000 | 1,028.40 | 0.97 | ||||||||||||
SPDR Barclays Short Term Treasury ETF | 0.12 | 1,000 | 1,004.50 | 0.61 | ||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 0.14 | 1,000 | 1,005.70 | 0.71 | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 0.14 | 1,000 | 994.00 | 0.70 | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 0.13 | 1,000 | 1,018.80 | 0.66 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 0.15 | 1,000 | 1,042.10 | 0.77 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 0.15 | 1,000 | 1,064.70 | 0.78 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 0.16 | 1,000 | 1,040.20 | 0.82 | ||||||||||||
SPDR Barclays Convertible Securities ETF | 0.40 | 1,000 | 1,092.70 | 2.11 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 0.20 | 1,000 | 1,005.30 | 1.01 | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 0.13 | 1,000 | 1,016.50 | 0.66 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 0.23 | 1,000 | 1,031.00 | 1.18 |
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OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Actual | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 0.20 | % | $ | 1,000 | $ | 1,038.80 | $ | 1.03 | ||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 0.20 | 1,000 | 1,033.60 | 1.03 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 0.20 | 1,000 | 1,003.50 | 1.01 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 0.20 | 1,000 | 1,000.70 | 1.01 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 0.45 | 1,000 | 1,071.40 | 2.35 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 0.35 | 1,000 | 1,053.10 | 1.81 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 0.50 | 1,000 | 1,094.50 | 2.64 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 0.35 | 1,000 | 1,023.60 | 1.79 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | 0.50 | 1,000 | 1,043.70 | 2.58 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | 0.55 | 1,000 | 1,101.40 | 2.91 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 0.50 | 1,000 | 1,087.60 | 2.63 | ||||||||||||
SPDR Barclays High Yield Bond ETF | 0.40 | 1,000 | 1,077.20 | 2.09 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 0.40 | 1,000 | 1,058.70 | 2.08 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 0.15 | 1,000 | 1,013.10 | 0.76 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 0.50 | 1,000 | 1,082.30 | 2.62 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 0.30 | 1,000 | 1,066.00 | 1.56 | ||||||||||||
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | 0.14 | % | $ | 1,000 | $ | 1,024.49 | $ | 0.71 | ||||||||
SPDR Barclays TIPS ETF | 0.19 | 1,000 | 1,024.24 | 0.97 | ||||||||||||
SPDR Barclays Short Term Treasury ETF | 0.12 | 1,000 | 1,024.60 | 0.61 | ||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 0.14 | 1,000 | 1,024.49 | 0.71 | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 0.14 | 1,000 | 1,024.49 | 0.71 | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 0.13 | 1,000 | 1,024.54 | 0.66 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 0.15 | 1,000 | 1,024.44 | 0.77 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 0.15 | 1,000 | 1,024.44 | 0.77 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 0.16 | 1,000 | 1,024.39 | 0.82 | ||||||||||||
SPDR Barclays Convertible Securities ETF | 0.40 | 1,000 | 1,023.18 | 2.04 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 0.13 | 1,000 | 1,024.54 | 0.66 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 0.23 | 1,000 | 1,024.04 | 1.17 |
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OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/12 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/12 | 12/31/12 | 12/31/12 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 0.20 | % | $ | 1,000 | $ | 1,024.19 | $ | 1.02 | ||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 0.20 | 1,000 | 1,024.19 | 1.02 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 0.45 | 1,000 | 1,022.93 | 2.29 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 0.50 | 1,000 | 1,022.68 | 2.55 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | 0.50 | 1,000 | 1,022.68 | 2.55 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | 0.55 | 1,000 | 1,022.43 | 2.80 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 0.50 | 1,000 | 1,022.68 | 2.55 | ||||||||||||
SPDR Barclays High Yield Bond ETF | 0.40 | 1,000 | 1,023.18 | 2.04 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 0.40 | 1,000 | 1,023.18 | 2.04 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 0.15 | 1,000 | 1,024.44 | 0.77 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 0.50 | 1,000 | 1,022.68 | 2.55 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 0.30 | 1,000 | 1,023.69 | 1.53 |
* | Expenses are equal to the Fund’s annualized net expense ratio multiplied by the average account value of the period, multiplied by the number of days in the most recent six month period, then divided by 365. |
Premium/Discount Information
Information regarding how often the Shares of each Fund traded on the Exchange at a price above (i.e. at a premium) or below (i.e. at a discount) the net asset value of the Fund during the past calendar year can be found at http://www.spdrs.com.
Proxy Voting Policies and Procedures and Records
A description of the Trust’s proxy voting policies and procedures that are used by the Funds’ investment adviser to vote proxies relating to the Funds’ portfolio of securities are available (i) without charge, upon request by calling 1-866-787-2257 (toll free) or (ii) on the website of the Securities and Exchange Commission, at www.sec.gov. Information regarding how the investment advisor voted for the prior 12-months period ended June 30 is available by
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OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
August 31 of each year by calling the same number and on the SEC’s website, at www.sec.gov, and on the Funds’ website at www.spdrs.com.
Quarterly Portfolio Schedule
The Funds file a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available on the SEC’s website at www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The information on the Form N-Q is available upon request, without charge, by calling 1-866-787-2257 (toll free) and on the Funds’ website at www.spdrs.com.
Approval of Advisory Agreement
At in-person meetings held prior to December 31, 2012, the Board of Trustees of the Trust (the “Board”) evaluated proposals to continue the Investment Advisory Agreement (the “Agreement”) between the Trust and SSgA Funds Management, Inc. (the “Adviser”) with respect to the operational fixed income series of the Trust (each a “Current ETF”, collectively, the “Current ETFs”) and to continue and/or approve, as the case may be, the Agreement with respect to the previously approved non-operational series of the Trust and SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF and SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (collectively, the “New ETFs” and together with the Current ETFs, the “SPDR ETFs”). The Trustees who are not “interested persons” of the Trust within the meaning of the Investment Company Act of 1940, as amended (the “Independent Trustees”) also met separately with their independent legal counsel to consider the Agreement.
In evaluating the Agreement, the Board drew on materials provided to them by the Adviser and on other materials provided by State Street Bank and Trust Company, the Trust’s Administrator, Transfer Agent and Custodian (“State Street”). In deciding whether to approve the Agreement, the Board considered various factors, including (i) the nature, extent and quality of services to be provided by the Adviser with respect to the SPDR ETFs under the Agreement, (ii) costs to the Adviser of its services, and (iii) the extent to which economies of scale would be realized if and as the SPDR ETFs grow and whether the fee in the Agreement reflects these economies of scale.
The Board considered the nature, extent and quality of services to be provided by the Adviser. In doing so, they relied on their prior experience with the Trust and materials provided prior to and at the meeting. The Board reviewed the Agreement and the Adviser’s anticipated responsibilities for managing investment operations of the SPDR ETFs, in accordance with each SPDR ETF’s investment objective and policies, and applicable legal and regulatory requirements. The Board appreciated the relatively unique nature of each SPDR ETF, as an exchange-traded fund (“ETF”), and the experience and expertise of the Adviser with ETFs. The Board considered the background and experience of the Adviser’s senior management, including those individuals responsible for portfolio management and compliance of the SPDR ETFs. The Board also considered the portfolio management resources, structures and practices of the Adviser, including those associated with monitoring and securing each SPDR ETF’s compliance with its investment objectives and policies and with applicable laws and regulations. The Board also considered information about the Adviser’s best execution procedures and overall investment management business, noting that the Adviser serves a wide range of clients across a broad spectrum of asset classes. The Board looked at the Adviser’s general knowledge of the investment business and that of its affiliates which make up State Street Global Advisors, with which the Adviser shares all of its senior personnel. The Board considered that the Adviser and its affiliates constitute one of the world’s largest investment management enterprises for indexed products generally and ETFs in particular. The Board also considered the Adviser’s experience in managing fixed income ETFs. The Board then determined that the nature, extent and quality of services anticipated to be provided by the Adviser to the Trust were necessary and appropriate.
The Board considered whether the Adviser benefited in other ways from its relationship with the Trust, noting that the Adviser does not maintain soft-dollar arrangements in connection with the Trust’s brokerage transactions. The Board concluded that, to the extent that the Adviser or its affiliates derive other benefits from their relationship with the Trust, those benefits are not so significant as to cause the Adviser’s fees with respect to the SPDR ETFs to be excessive.
The Board determined that the Adviser is likely to realize economies of scale in managing the SPDR ETFs as assets grow in size. The Board further determined that such economies of scale are shared with the SPDR ETFs by way of
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SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
the relatively low advisory fee and unitary fee structure of the Trust, although the Board intends to continue to monitor fees as the SPDR ETFs grow in size and assess whether fee breakpoints may be warranted.
The Board evaluated the SPDR ETFs’ unitary fee through review of comparative information with respect to fees paid by similar funds — i.e., ETFs tracking fixed income indexes, as applicable. The Board reviewed the universe of similar exchange traded funds for the SPDR ETFs based upon data from Lipper Analytical Services and related comparative information for similar exchange traded funds. The Board also reviewed the estimated expense ratio for the New ETFs. The Board used a fund by fund analysis of the data. The Board concluded, based on the information presented, that each SPDR ETF’s fees were fair and reasonable in light of those of its direct competitors.
The Board, including the Independent Trustees voting separately, approved the Agreement for each SPDR ETF after weighing the foregoing factors, none of which was dispositive in itself and may have been weighed differently by each Trustee. The Board’s conclusions with respect to the Agreement were as follows: (a) the nature and extent of the services expected to be provided by the Adviser with respect to the SPDR ETFs were appropriate; (b) the Adviser’s fee for each SPDR ETF and the unitary fee, considered in relation to services expected to be provided, were fair and reasonable; (c) any additional benefits to the Adviser were not of a magnitude materially to affect the Board’s conclusions; and (d) fees expected to be paid to the Adviser were expected to share economies of scale with respect to the SPDR ETFs by way of the relatively low fee structure of the Trust.
At in-person meetings held prior to December 31, 2012, the Board also considered the continuation of the Sub-Advisory Agreement (the “Nuveen Sub-Advisory Agreement”) between the Trust and Nuveen Asset Management (“Nuveen”) with respect to each of the Nuveen sub-advised municipal bond ETFs (the “Municipal Bond ETFs”).
In evaluating the Nuveen Sub-Advisory Agreement, the Board drew on materials provided to them by Nuveen and the Adviser. In deciding whether to approve the Nuveen Sub-Advisory Agreement, the Board considered various factors, including: (i) the nature, extent and quality of services expected to be provided by Nuveen with respect to the Municipal Bond ETFs under the Nuveen Sub-Advisory Agreement; and (ii) investment performance of municipal bond funds managed by Nuveen. The Board was apprised of the portion of the current advisory fee that the Adviser would pay to Nuveen under the Nuveen Sub-Advisory Agreement and also considered that such fees would be paid directly by the Adviser and would not result in increased fees payable by the Municipal Bond ETFs.
The Board considered the background and experience of Nuveen’s senior management and in particular Nuveen’s experience in investing in municipal securities. The Board noted that Nuveen brings significant municipal securities experience to bear in managing the Municipal Bond ETFs. The Board noted that Nuveen has extensive experience in managing municipal securities and reviewed Nuveen’s assets under management in portfolios of municipal securities for a wide array of mutual funds, closed-end funds, retail managed accounts and institutional managed accounts.
The Board, including the Independent Trustees voting separately, approved the Nuveen Sub-Advisory Agreement for the Municipal Bond ETFs after weighing the foregoing factors, none of which was dispositive in itself and may have been weighed differently by each Trustee. The Board’s conclusions with respect to the Agreement were as follows: (a) the nature and extent of the services expected to be provided by Nuveen to the Municipal Bond ETFs were adequate and appropriate; and (b) Nuveen’s experience in managing municipal bond funds is extensive.
At an in-person meeting held prior to December 31, 2012, the Board also considered the continuation of the Sub-Advisory Agreement (the “SSgA Limited Sub-Advisory Agreement”) between the Trust and State Street Global Advisors Limited (“SSgA Limited”), an affiliate of the Adviser, with respect to the ETFs sub-advised by SSgA Limited (the “Foreign Fixed Income ETFs”).
In evaluating the SSgA Limited Sub-Advisory Agreement, the Board drew on materials provided to them by SSgA Limited and the Adviser. In deciding whether to approve the SSgA Limited Sub-Advisory Agreement, the Board considered various factors, including: (i) the nature, extent and quality of services expected to be provided by SSgA Limited with respect to the Foreign Fixed Income ETFs under the SSgA Limited Sub-Advisory Agreement; and (ii) SSgA Limited’s experience in managing emerging markets fixed income securities. The Board was apprised of the portion of the current advisory fee that the Adviser would pay to SSgA Limited under the SSgA Limited Sub-Advisory Agreement and also considered that such fees would be paid directly by the Adviser and would not result in increased fees payable by the Foreign Fixed Income ETFs.
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SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2012 (Unaudited)
The Board considered the background and experience of SSgA Limited’s senior management and in particular SSgA Limited’s experience in investing in foreign fixed income securities. The Board noted that SSgA Limited would bring significant foreign fixed income securities experience to bear in managing the Foreign Fixed Income ETFs.
The Board, including the Independent Trustees voting separately, approved the SSgA Limited Sub-Advisory Agreement for the Foreign Fixed Income ETFs, after weighing the foregoing factors, none of which was dispositive in itself and may have been weighed differently by each Trustee. The Board’s conclusions with respect to the Agreement were as follows: (a) the nature and extent of the services expected to be provided by SSgA Limited to the Foreign Fixed Income ETFs were adequate and appropriate; and (b) SSgA Limited’s experience in foreign fixed income securities was extensive.
318
The SPDR® Family of Exchange Traded Funds
The following is a list of SPDR ETFs being offered, along with their respective exchange trading symbols. Please call 1-866-787-2257 to obtain a prospectus for any SPDR ETF. The prospectus contains more complete information, including charges, expenses, investment objectives and risk factors that should be carefully considered to determine if the Fund(s) are an appropriate investment for you. Read the prospectus(es) carefully before investing. Investing involves risk, including possible loss of principal.
SPDR Series Trust
SPDR Dow Jones Total Market ETF (TMW)
SPDR Dow Jones Large Cap ETF (ELR)
SPDR S&P 500 Growth ETF (SPYG)
SPDR S&P 500 Value ETF (SPYV)
SPDR Dow Jones Mid Cap ETF (EMM)
SPDR S&P 400 Mid Cap Growth ETF (MDYG)
SPDR S&P 400 Mid Cap Value ETF (MDYV)
SPDR S&P 600 Small Cap ETF (SLY)
SPDR S&P 600 Small Cap Growth ETF (SLYG)
SPDR S&P 600 Small Cap Value ETF (SLYV)
SPDR Global Dow ETF (DGT)
SPDR Dow Jones REIT ETF (RWR)
SPDR S&P Bank ETF (KBE)
SPDR S&P Capital Markets ETF (KCE)
SPDR S&P Insurance ETF (KIE)
SPDR S&P Mortgage Finance ETF (KME)
SPDR S&P Regional Banking ETF (KRE)
SPDR Morgan Stanley Technology ETF (MTK)
SPDR S&P Dividend ETF (SDY)
SPDR S&P Aerospace & Defense ETF (XAR)
SPDR S&P Biotech ETF (XBI)
SPDR S&P Health Care Equipment ETF (XHE)
SPDR S&P Health Care Services ETF (XHS)
SPDR S&P Homebuilders ETF (XHB)
SPDR S&P Metals & Mining ETF (XME)
SPDR S&P Oil & Gas Equipment & Services ETF (XES)
SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
SPDR S&P Pharmaceuticals ETF (XPH)
SPDR S&P Retail ETF (XRT)
SPDR S&P Semiconductor ETF (XSD)
SPDR S&P Software & Services ETF (XSW)
SPDR S&P Telecom ETF (XTL)
SPDR S&P Transportation ETF (XTN)
SPDR S&P 1500 Value Tilt ETF (VLU)
SPDR S&P 1500 Momentum Tilt ETF (MMTM)
SPDR Russell 1000 Low Volatility ETF (LGLV)
SPDR Russell 2000 Low Volatility ETF (SMLV)
SPDR Wells Fargo Preferred Stock ETF (PSK)
SPDR Barclays 1-3 Month T-Bill ETF (BIL)
SPDR Barclays TIPS ETF (IPE)
SPDR Barclays Short Term Treasury ETF (SST)
SPDR Barclays Intermediate Term Treasury ETF (ITE)
SPDR Barclays Long Term Treasury ETF (TLO)
SDPR Barclays Short Term Corporate Bond ETF (SCPB)
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR)
SPDR Barclays Long Term Corporate Bond ETF (LWC)
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND)
SPDR Barclays Convertible Securities ETF (CWB)
SPDR Barclays Mortgage Backed Bond ETF (MBG)
SPDR Barclays Aggregate Bond ETF (LAG)
SPDR Nuveen Barclays Municipal Bond ETF (TFI)
SPDR Nuveen Barclays California Municipal Bond ETF (CXA)
SPDR Nuveen Barclays New York Municipal Bond ETF (INY)
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM)
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD)
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)
SPDR Nuveen Barclays Build America Bond ETF (BABS)
SPDR DB International Government Inflation-Protected Bond ETF (WIP)
SPDR Barclays Short Term International Treasury Bond ETF (BWZ)
SPDR Barclays International Treasury Bond ETF (BWX)
SPDR Barclays International Corporate Bond ETF (IBND)
SPDR Barclays Emerging Markets Local Bond ETF (EBND)
SPDR Barclays High Yield Bond ETF (JNK)
SPDR Barclays Short Term High Yield Bond ETF (SJNK)
SPDR Barclays Investment Grade Floating Rate ETF (FLRN)
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD)
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR)
SPDR Index Shares Funds
SPDR STOXX Europe 50 ETF (FEU)
SPDR EURO STOXX 50 ETF (FEZ)
SPDR S&P Emerging Asia Pacific ETF (GMF)
SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS)
SPDR S&P Russia ETF (RBL)
SPDR S&P China ETF (GXC)
SPDR S&P Emerging Markets ETF (GMM)
SPDR S&P Emerging Markets Dividend ETF (EDIV)
SPDR S&P BRIC 40 ETF (BIK)
SPDR S&P Emerging Europe ETF (GUR)
SPDR S&P Emerging Latin America ETF (GML)
SPDR S&P Emerging Middle East & Africa ETF (GAF)
SPDR S&P World ex-US ETF (GWL)
SPDR S&P International Small Cap ETF (GWX)
SPDR Dow Jones International Real Estate ETF (RWX)
SPDR FTSE/Macquarie Global Infrastructure 100 ETF (GII)
SPDR S&P Global Natural Resources ETF (GNR)
SPDR MSCI ACWI ex-US ETF (CWI)
SPDR MSCI ACWI IMI ETF (ACIM)
SPDR MSCI EM 50 ETF (EMFT)
SPDR Russell/Nomura PRIME Japan ETF (JPP)
SPDR Russell/Nomura Small Cap Japan ETF (JSC)
SPDR S&P International Dividend ETF (DWX)
SPDR S&P International Mid Cap ETF (MDD)
SPDR S&P Emerging Markets Small Cap ETF (EWX)
SPDR Dow Jones Global Real Estate ETF (RWO)
SPDR S&P International Consumer Discretionary Sector ETF (IPD)
SPDR S&P International Consumer Staples Sector ETF (IPS)
SPDR S&P International Energy Sector ETF (IPW)
SPDR S&P International Financial Sector ETF (IPF)
SPDR S&P International Health Care Sector ETF (IRY)
SPDR S&P International Industrial Sector ETF (IPN)
SPDR S&P International Materials Sector ETF (IRV)
SPDR S&P International Technology Sector ETF (IPK)
SPDR S&P International Telecommunications Sector ETF (IST)
SPDR S&P International Utilities Sector ETF (IPU)
The Select Sectors SPDR Trust
The Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Staples Select Sector SPDR Fund (XLP)
The Energy Select Sector SPDR Fund (XLE)
The Financial Select Sector SPDR Fund (XLF)
The Health Care Select Sector SPDR Fund (XLV)
The Industrial Select Sector SPDR Fund (XLI)
The Materials Select Sector SPDR Fund (XLB)
The Technology Select Sector SPDR Fund (XLK)
The Utilities Select Sector SPDR Fund (XLU)
SSgA Active ETF Trust
SPDR SSgA Multi-Asset Real Return ETF (RLY)
SPDR SSgA Income Allocation ETF (INKM)
SPDR SSgA Global Allocation ETF (GAL)
SPDR Dow Jones Industrial Average ETF Trust (DIA)
SPDR S&P 500 ETF Trust (SPY)
State Street Global Markets, LLC, member FINRA, SIPC, is distributor for all investment portfolios of SPDR Series Trust, SPDR Index Shares Funds, and SSgA Active ETF Trust. ALPS Distributors, Inc., a registered broker-dealer, is distributor for
SPDR S&P 500 ETF Trust (SPY) and SPDR Dow Jones Industrial Average ETF Trust (DIA), both unit investment trusts, and all investment portfolios of The Select Sector SPDR Trust.
SPDR Series Trust
trustees
Bonny E. Boatman
Dwight D. Churchill
David M. Kelly
Frank Nesvet, Chairman
James E. Ross
Carl G. Verboncoeur
Dwight D. Churchill
David M. Kelly
Frank Nesvet, Chairman
James E. Ross
Carl G. Verboncoeur
officers
Ellen M. Needham, President
Michael P. Riley, Vice President
Chad C. Hallett, Treasurer
Matthew W. Flaherty, Assistant Treasurer
Laura F. Dell, Assistant Treasurer
Ryan M. Louvar, Secretary
Mark E. Tuttle, Assistant Secretary
Scott E. Habeeb, Assistant Secretary
Jacqueline Angell, Chief Compliance Officer
Michael P. Riley, Vice President
Chad C. Hallett, Treasurer
Matthew W. Flaherty, Assistant Treasurer
Laura F. Dell, Assistant Treasurer
Ryan M. Louvar, Secretary
Mark E. Tuttle, Assistant Secretary
Scott E. Habeeb, Assistant Secretary
Jacqueline Angell, Chief Compliance Officer
investment manager
SSgA Funds Management, Inc.
State Street Financial Center
One Lincoln Street
Boston, MA 02111
State Street Financial Center
One Lincoln Street
Boston, MA 02111
distributor
State Street Global Markets, LLC
One Lincoln Street
Boston, MA 02111
One Lincoln Street
Boston, MA 02111
custodian, administrator and transfer agent
State Street Bank and Trust Company
One Lincoln Street
Boston, MA 02111
One Lincoln Street
Boston, MA 02111
legal counsel
Bingham McCutchen LLP
2020 K Street NW
Washington, DC 20006
2020 K Street NW
Washington, DC 20006
independent registered public accounting firm
Ernst & Young LLP
200 Clarendon Street
Boston, MA 02116
200 Clarendon Street
Boston, MA 02116
Fund Shares are distributed by State Street Global Markets, LLC, a wholly-owned subsidiary of State
Street Corporation. State Street Global Markets, LLC; member FINRA, SIPC.
Street Corporation. State Street Global Markets, LLC; member FINRA, SIPC.
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 and SAI from the Distributor by calling 1-866-787-2257 or visiting www.spdrs.com Please read the prospectus carefully before you invest.
State Street Global Advisors State Street Financial Center One Lincoln Street Boston, MA 02111 ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; and inflation risk. Barclays is a trademark of Barclays, the investment banking division of Barclays Bank PLC (“Barclays”) and has been licensed for use in connection with the listing and trading of the SPDR Barclays ETFs. The products are not sponsored by, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of investing in them. “Deutsche Bank” and “DB Global Government ex-US Inflation-Linked Bond Capped IndexSM“ are reprinted with permission. ©Copyright 2008 Deutsche Bank AG. All rights reserved. “Deutsche Bank” and DB Global Government ex-US Inflation-Linked Bond Capped IndexSM are service marks of Deutsche Bank AG and have been licensed for use for certain purposes by State Street Global Advisors. The SPDR DB International Government Inflation-Protected Bond ETF is not sponsored, endorsed, sold or promoted by Deutsche Bank AG. Deutsche Bank AG, as Index Provider, makes no representation, express or implied, regarding the advisability of investing in this product. “SPDR” is a registered trademark of Standard & Poor Financial Services LLC (“S&P”) and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors’ rights are described in the prospectus for the applicable product. Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500, SPDR S&P MidCap 400 and SPDR Dow Jones Industrial Average, all unit investment trusts, and Select Sector SPDRs. ALPS Distributors, Inc. is not affiliated with State Street Global Markets, LLC. Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, zcall 866.787.2257 or visit www.spdrs.com. Read it carefully. IBG-6882 For more complete information, please call 866.787.2257 or visit www.spdrs.com today SPDR FI SAR |
Item 2. Code of Ethics
Not applicable to the registrant; this Form N-CSR is a Semi-Annual Report.
Item 3. Audit Committee Financial Expert
Not applicable to the registrant; this Form N-CSR is a Semi-Annual Report.
Item 4. Principal Accountant Fees and Services
Not applicable to the registrant; this Form N-CSR is a Semi-Annual Report.
Item 5. Audit Committee of Listed Registrants
Not applicable to the registrant; this Form N-CSR is a Semi-Annual Report.
Item 6. Schedule of Investments
A Schedule of Investments for each series of the registrant is included as a part of the semi-annual reports to shareholders filed under Item 1 of this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to the registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Not applicable to the registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to the registrant.
Item 10. Submission of Matters to a Vote of Security Holders
The registrant has not adopted any material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board.
Item 11. Controls and Procedures
(a) Within 90 days of the filing date of this Form N-CSR, Ellen M. Needham, the registrant’s President and Principal Executive Officer, and Chad C. Hallett, the registrant’s Treasurer and Principal Financial Officer, reviewed the registrant’s disclosure controls and procedures and evaluated their effectiveness. Based on the review, Ms. Needham and Mr. Hallett determined that the disclosure controls and procedures adequately ensure that information required to be disclosed by the registrant in its periodic reports is recorded, processed, summarized and reported within the time periods required by the Securities and Exchange Commission.
(b) In the registrant’s second fiscal quarter covered by this form N-CSR filing, there were no significant changes in the registrant’s internal controls or in other factors that have materially affected, or are reasonably likely to materially affect, its controls over financial reporting subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12. Exhibits
(a)(1) Not applicable to the registrant; this Form N-CSR is a Semi-Annual Report.
(a)(2) Separate certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 for each principal executive officer and principal financial officer of the registrant are attached.
(a)(3) Not applicable
(b) A single certification required by Rule 30a-2(b) under the Investment Company Act of 1940, Rule 13a-14(b) or Rule 15d-14(b) under the Securities Exchange Act of 1934 and Section 1350 of Chapter 63 of Title 18 of the United States Code for the principal executive officer and principal financial officer of the registrant is attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SPDR® SERIES TRUST | ||||
By: | /s/ Ellen M. Needham | |||
Ellen M. Needham | ||||
President and Principal Executive Officer |
Date: March 7, 2013
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Ellen M. Needham | |||
Ellen M. Needham | ||||
President and Principal Executive Officer |
Date: March 7, 2013
By: | /s/ Chad C. Hallett | |||
Chad C. Hallett | ||||
Treasurer and Principal Financial Officer |
Date: March 7, 2013